Companies Butterfly Network, Inc.
Butterfly Network (BFLY): executive pay, fiscal 2025
Free brief. Every figure links to the company’s own filing.
Velarion Intel: free for 3 days, no card →Email me Butterfly Network, Inc.’s executive pay brief as a PDF
You get it on this page the moment you ask, and a copy by email. Every figure is cited to its filing.
After the PDF, up to three short notes on the deeper reports for this company. Reply “unsubscribe” to any of them, any time.
CEO pay, last three years
- $10,808,618FY2023
- $5,492,289FY2024
- $6,382,814FY2025
CEO total pay was $6,382,814 in fiscal 2025, up from $5,492,289 in fiscal 2024.
FY2025: salary $900,300 · bonus $0 · stock awards $4,291,604 · option awards $0
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Joseph DeVivo | $900,300 | $0 | $4,291,604 | $0 | $1,183,000 | $0 | $7,910 | $6,382,814 |
| President and Chief Executive Officer | ||||||||
| John Doherty | 20,385 | 750,000 | 3,995,393 | 0 | 0 | 0 | 35 | 4,765,813 |
| Chief Financial Officer | ||||||||
| Heather Getz | 537,492 | 0 | 2,060,544 | 0 | 0 | 0 | 438,095 | 3,036,131 |
| Former Chief Financial & Operations Officer | ||||||||
| Steven Cashman | 529,866 | 0 | 1,587,562 | 0 | 405,000 | 0 | 910 | 2,523,338 |
| Chief Business 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 officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Joseph DeVivo | $6,382,814 | $5,492,289 | $10,808,618 | ↑ +890,525 |
| John Doherty | 4,765,813 | — | — | — |
| Heather Getz | 3,036,131 | 2,641,162 | — | ↑ +394,969 |
| Steven Cashman | 2,523,338 | 2,687,466 | — | ↓ −164,128 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The Company's compensation program is designed to attract, retain, and motivate superior executive talent by aligning executive interests with stockholders through a mix of base salary, annual cash incentives tied to financial and operational goals, and long-term equity incentives. The compensation committee reviews target opportunities annually to ensure competitiveness and alignment with market data.
| CEO STI target (% of salary) | NaN% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Pay Governance |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Heather Getz | Option | 32,804 | 3.58 | — |
| Heather Getz | PSU | 133,334 | — | 506,669 |
| Heather Getz | RSU | 157,123 | — | 597,067 |
| Heather Getz | RSU | 200,000 | — | 760,000 |
| Heather Getz | RSU | 220,588 | — | 838,234 |
| Steven Cashman | PSU | 333,334 | — | 1,266,669 |
| John Doherty | PSU | 431,623 | — | 1,640,167 |
| Steven Cashman | RSU | 438,553 | — | 1,666,501 |
| Joseph DeVivo | RSU | 482,537 | — | 1,833,641 |
| Heather Getz | RSU | 569,211 | — | 2,163,002 |
| Heather Getz | RSU | 588,235 | — | 2,235,293 |
| Steven Cashman | RSU | 666,666 | — | 2,533,331 |
| John Doherty | RSU | 863,247 | — | 3,280,339 |
| Joseph DeVivo | PSU | 1,066,667 | — | 4,053,335 |
| Joseph DeVivo | RSU | 1,185,526 | — | 4,504,999 |
| Joseph DeVivo | RSU | 1,286,764 | — | 4,889,703 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Larry RobbinsIndependent · Lead Independent Director · Audit · Compensation · Nominating and Corporate Governance | $100,107 | $184,998 | $0 | — | $0 | $285,105 |
| S. Louise PhanstielIndependent · Audit (Chair) · Compensation | 77,500 | 184,998 | 0 | — | 0 | 262,498 |
| Dawn CarforaIndependent · Audit · Compensation (Chair) · Not standing for re-election | 75,000 | 184,998 | 0 | — | 0 | 259,998 |
| Elazer Edelman, M.D., Ph.DIndependent · Technology (Chair) · Nominating and Corporate Governance | 70,000 | 184,998 | 0 | — | 0 | 254,998 |
| Erica Schwartz, M.D., J.D., M.P.HIndependent · Nominating and Corporate Governance (Chair) · Technology | 67,500 | 184,998 | 0 | — | 0 | 252,498 |
| Jonathan M. Rothberg, Ph.DNot independent · Technology | 57,500 | 184,998 | 0 | — | 0 | 242,498 |
| Joseph DeVivoEmployee director · Board Chair | — | — | — | — | — | 0 |
| Caroll H. NeubauerIndependent · Newly elected | — | — | — | — | — | — |
Board fee structure and ownership guideline
| Annual cash retainer | $50,000 |
|---|---|
| Annual equity retainer | $185,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 15,000 / 10,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $447,607 |
| Equity awards (grant-date value) | $1,109,988 |
| All other compensation | $0 |
| Total cost of the board | $1,557,595 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Butterfly Network as a peer
Companies that benchmark against BFLY
4 companies name BFLY as a compensation peer
- 908 Devices Inc.MASSFY2025
- KESTRA MEDICAL TECHNOLOGIES, LTD.KMTSFY2026
- Outset Medical, Inc.OMFY2025
- ZYNEX INCZYXIFY2024
Each company listed discloses BFLY in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named BFLY in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Butterfly Network, Inc. | 2025 | Joseph DeVivo | $900,300 | $4,291,604 | $0 | $1,183,000 | $6,382,814 |
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.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-06-18 | 614,118,861 | 8,857,243 | 517,710 | 98.58% | Passed |
| 2025 | 2025-06-12 | 600,745,053 | 19,269,410 | 505,463 | 96.89% | Passed |
| 2024 | 2024-06-07 | 579,270,270 | 15,449,010 | 380,096 | 97.4% | Passed |
| 2023 | 2023-06-16 | 582,421,266 | 14,649,528 | 503,233 | 97.55% | Passed |
| 2022 | 2022-06-16 | 573,285,942 | 30,100,760 | 342,847 | 95.01% | 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 year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-06-18 | 98.58%a |
| 2025 | 2025-06-12 | 96.89%b |
| 2024 | 2024-06-07 | 97.4%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Approved under the standard stated in the filing — “Abstentions and broker non-votes, if any, will have no effect on the outcome of the vote on this proposal.”.
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.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (18 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Joseph DeVivo. DEF 14A, filed 2026-04-27. Section “Executive Compensation” · page 24. As printed: 6,382,814. View filing ↗
- Section 01, John Doherty. DEF 14A, filed 2026-04-27. Section “Executive Compensation”. As printed: 4,765,813. View filing ↗
- Section 01, Heather Getz. DEF 14A, filed 2026-04-27. Section “Executive Compensation”. As printed: 3,036,131. View filing ↗
- Section 01, Steven Cashman. DEF 14A, filed 2026-04-27. Section “Executive Compensation”. As printed: 2,523,338. View filing ↗
- Section 08, Larry Robbins. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 285,105. View filing ↗
- Section 08, S. Louise Phanstiel. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 262,498. View filing ↗
- Section 08, Dawn Carfora. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 259,998. View filing ↗
- Section 08, Elazer Edelman, M.D., Ph.D. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 254,998. View filing ↗
- Section 08, Erica Schwartz, M.D., J.D., M.P.H. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 252,498. View filing ↗
- Section 08, Jonathan M. Rothberg, Ph.D. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 242,498. View filing ↗
- Section 08, Joseph DeVivo. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Caroll H. Neubauer. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: —. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-06-22. Item 5.07 · say-on-pay result. As reported: 98.58% (votes for as printed: 614,118,861). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-06-17. Item 5.07 · say-on-pay result. As reported: 96.89% (votes for as printed: 600,745,053). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-06-13. Item 5.07 · say-on-pay result. As reported: 97.4% (votes for as printed: 579,270,270). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 447,607 + equity 1,109,988 + all other 0 = 1,557,595, summed across the director compensation table rows.
- Butterfly Network, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-27. CEO total compensation as printed in Butterfly Network, Inc.'s own proxy. As printed: 6,382,814. View filing ↗