Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-10

Avalo Therapeutics (AVTX)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$3,807,581
Garry Neil total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
99.71%
Say-on-pay support, latest vote
Companies that benchmark against AVTX
No companies currently name AVTX as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Garry Neil$590,000$0$2,732,298$474,950$10,333$3,807,581
Chief Executive Officer, President and principal executive officer
Taylor Boyd116,250003,049,48152,08001,9403,219,751
Chief Business Officer
Mittie Doyle512,50001,030,429229,6008,0281,780,557
Chief Medical Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Garry Neil$3,807,581
Taylor Boyd3,219,751
Mittie Doyle1,780,557

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Garry NeilPSU167,000$3,032,720
Garry NeilRSU129,7332,355,951
Mittie DoylePSU72,5001,316,600
Garry NeilRSU27811,462
Garry NeilOption281,4759.88
Garry NeilOption411,0008.04
Taylor BoydOption275,00012.96
Mittie DoyleOption151,12512.65
Mittie DoyleOption155,0008.04
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-06-178,003,14223,2852,23699.71%Passed
20222022-06-1466,230,2634,535,881482,75493.59%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20252025-06-1799.71%a
20222022-06-1493.59%b

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)
CEO total compensation
Median employee compensation
09

Board fee structure and ownership guideline

Annual cash retainer$40,000
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 13,000 / 10,000
Stock ownership guideline
10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Avalo Therapeutics2025Garry Neil$590,000$0$2,732,298$474,950$3,807,581

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Garry NeilDEF 14A2026-04-100001534120-26-000022Section “Summary Compensation Table” · page 31. As printed: 3,807,581. Filing ↗
2Section 01, Taylor BoydDEF 14A2026-04-100001534120-26-000022Section “Summary Compensation Table” · page 31. As printed: 3,219,751. Filing ↗machine: r6 · c42 · span 409211–409221
3Section 01, Mittie DoyleDEF 14A2026-04-100001534120-26-000022Section “Summary Compensation Table” · page 31. As printed: 1,780,557. Filing ↗
4Section 07, pay ratio10-K2026-03-230001534120-26-000011Section “CEO Pay Ratio”. As printed: —. Filing ↗
5Section 06, 2025 voteForm 8-K2025-06-170001628280-25-031818Item 5.07 · say-on-pay result. As reported: 99.71% (votes for as printed: 8,003,142). Filing ↗
6Section 06, 2022 voteForm 8-K2022-06-140001628280-22-017110Item 5.07 · say-on-pay result. As reported: 93.59% (votes for as printed: 66,230,263). Filing ↗
7Avalo Therapeutics (subject), Section 10b CEO totalDEF 14A2026-04-100001534120-26-000022CEO total compensation as printed in Avalo Therapeutics's own proxy. As printed: 3,807,581. Filing ↗