Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-11

BeOne Medicines (BGNE)

CEO John Oyler was paid $17,943,521 in 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.

$18,319,310
Lai Wang total, FY2025
President, Global Head of Research and Developmenthighest-paid officer; CEO John Oyler: $17,943,521
25th
CEO (John Oyler) pay percentile vs peers
CEO-to-median pay ratio
94.86%
Say-on-pay support, latest vote

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Companies that benchmark against BGNE
No companies currently name BGNE 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
Lai Wang$659,492$0$15,249,603$1,749,882$585,629$0$74,704$18,319,310
President, Global Head of Research and Development
John Oyler1,133,000011,249,6153,749,9671,676,8400133,82917,943,521
Co-Founder, Chairman and Chief Executive Officer
Xiaobin Wu862,41207,499,8312,499,932957,2770209,99912,029,451
President and Chief Operating Officer
Aaron Rosenberg660,00003,870,9571,290,337586,080021,0006,428,374
Chief Financial Officer
Chan Lee654,00002,849,678949,876580,752021,0005,055,306
Senior Vice President, General Counsel and Corporate Secretary

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
Lai Wang$18,319,310
John Oyler17,943,521
Xiaobin Wu12,029,451
Aaron Rosenberg6,428,374
Chan Lee5,055,306

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.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Aaron RosenbergPSU2025-06-1063,681127,361254,722$2,580,726
Lai WangPSU2025-06-1086,359172,718345,4363,499,798
Lai WangRSU2025-12-31427,8959,999,906
Lai WangOPTION2025-06-10162,5651,749,882
Chan LeePSU2025-06-1046,87893,756187,5121,899,785
Lai WangRSU2025-06-1086,3591,749,899
John OylerOPTION2025-06-10348,3743,749,967
Aaron RosenbergRSU2025-06-1063,6741,290,231
Chan LeeOPTION2025-06-1088,244949,876
Aaron RosenbergOPTION2025-06-10119,8731,290,337
Chan LeeRSU2025-06-1046,878949,893
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Aaron Rosenberg$1,290,231$2,580,726$1,290,33750.0%
Lai Wang11,749,8053,499,7981,749,88220.6%
Chan Lee949,8931,899,785949,87650.0%
John Oyler003,749,9670.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
John OylerRSU528,060$12,340,762
Xiaobin WuOption232,24520.26
Chan LeeRSU73,5671,719,261
Chan LeeRSU105,5992,467,849
Xiaobin WuPSU84,4871,974,461
Chan LeeOption27,84614.96
John OylerOption236,01511.98
Xiaobin WuRSU123,3702,883,157
Lai WangRSU86,3592,018,210
John OylerOption348,37420.26
John OylerPSU246,7535,766,618
Lai WangRSU427,8959,999,906
John OylerRSU367,8488,596,608
John OylerOption506,29816.41
Xiaobin WuOption132,97711.98
Xiaobin WuRSU272,8056,375,453
Lai WangPSU56,3291,316,409
Xiaobin WuRSU190,0604,441,702
John OylerRSU185,0554,324,735
Lai WangRSU181,8574,249,998
Chan LeeOption93,58716.41
John OylerRSU177,8274,155,817
Xiaobin WuPSU164,5023,844,412
Lai WangOption190,42416.41
John OylerPSU163,4883,820,715
Aaron RosenbergRSU127,5952,981,895
Lai WangRSU126,7112,961,236
John OylerRSU117,9362,756,164
Lai WangPSU115,1542,691,149
Xiaobin WuRSU100,2432,342,679
Aaron RosenbergRSU88,9202,078,060
Aaron RosenbergRSU40,573948,191
Aaron RosenbergPSU84,9161,984,487
John OylerRSU83,5121,951,675
Xiaobin WuRSU78,6241,837,443
Lai WangRSU66,8331,561,887
Aaron RosenbergRSU63,6741,488,061
Chan LeePSU62,5041,460,718
Lai WangRSU55,0291,286,028
Xiaobin WuRSU46,9691,097,666
Chan LeeRSU46,8781,095,539
Aaron RosenbergPSU39,533923,886
Chan LeeRSU32,799766,513
John OylerOption577,55112.23
Chan LeePSU32,695764,082
Lai WangRSU31,304732,486
Chan LeeRSU29,874698,155
Chan LeeRSU29,003677,800
Aaron RosenbergOption142,74014.06
Aaron RosenbergOption119,87320.26
Xiaobin WuOption285,40216.41
Xiaobin WuOption298,37612.23
Lai WangOption88,64711.98
Lai WangOption198,91312.23
Lai WangOption162,56520.26
Chan LeeOption115,51812.23
Chan LeeOption88,24420.26
05

Incentive-plan design — the Compensation Discussion & Analysis

The goal of our compensation programs is to provide market-based compensation opportunities and align compensation delivery with performance, measured both internally against budgets and externally through long-term shareholder value creation. Our pay philosophy for executive officers emphasizes equity compensation over cash to strengthen executive officers’ alignment with shareholders and ensure that pay delivery is connected to actual company performance.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantPay Governance
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-11975,327,10052,877,46032,815,94994.86%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
20262026-06-1194.86%a

a. 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.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
John V. OylerEmployee director · Board Chair$0
Ms. Elizabeth F. MooneyIndependent · Compensation Committee · Newly elected
Dr. Felix J. BakerIndependent · Newly elected
Dr. Charles L. SawyersIndependent · Newly elected
09

Board fee structure and ownership guideline

Annual cash retainer$65,000
Annual equity retainer$400,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)35,000 / 30,000 / 20,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$0
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$0

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies BeOne Medicines names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including BeOne Medicines.

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
1Exelixis, Inc.2025Michael Morrissey$1,306,040$30,539,552$0$1,382,591$33,239,183
2Incyte Corporation2025William Meury647,26027,509,6572,573,9981,300,00032,085,952
3Gilead Sciences, Inc.2025Daniel O'Day1,795,19215,238,4024,500,0604,848,12028,437,198
4Amgen Inc.2025Robert Bradway1,925,40912,599,5895,399,9963,907,00024,693,120
5Biogen Inc.2025Christopher Viehbacher1,727,88518,368,87503,190,87523,646,004
6BioMarin Pharmaceutical, Inc.2025Alexander Hardy1,130,76916,833,6291,909,3101,644,50021,927,563
7Vertex Pharmaceuticals Inc.2025Reshma Kewalramani1,600,00015,002,27004,118,64021,144,261
8Moderna, Inc.2025Stéphane Bancel1,677,7396,897,4556,897,4254,302,36019,932,217
9United Therapeutics Corporation2025Martine Rothblatt1,545,0056,067,9906,075,8044,281,87518,038,972
10BeOne Medicines2025John Oyler1,133,00011,249,6153,749,9671,676,84017,943,521
11Alnylam Pharmaceuticals, Inc.2025Yvonne Greenstreet1,404,2005,512,5004,363,3803,562,50014,867,600
12Neurocrine Biosciences, Inc.2025Kyle Gano920,0005,750,0235,750,006013,448,935
13Regeneron Pharmaceuticals, Inc.2025Leonard Schleifer1,979,922003,682,6557,280,549

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
BeOne Medicinesnot disclosedPSU 50 · Option 25 · RSU 25not disclosedPay Governance
Alnylam Pharmaceuticals, Inc.200%PSU 50 · RSU 25 · Options 25NoPay Governance
Amgen Inc.136.0%PSU 50 · Options 30 · RSU 20Yes — relative TSRFrederic W. Cook & Co., Inc. (FW Cook)
Biogen Inc.127%PSU 60 · RSU 40YesPay Governance
BioMarin Pharmaceutical, Inc.130%PSU 66 · RSU 21 · Options 13Yes — Relative TSRAon Human Capital Solutions
Exelixis, Inc.105%PSU 50 · RSU 50Yes — 2025 Relative TSR GoalAon
Gilead Sciences, Inc.180%PSU 50 · Options 25 · RSU 25Yes — Relative TSRFW Cook
Incyte Corporation138.6%Performance Shares 60 · RSU 40Yes — relative total shareholder return (TSR)Aon
Moderna, Inc.170%PSU 50 · Options 50NoPay Governance LLC
Neurocrine Biosciences, Inc.105%Options 50 · PSU 30 · RSU 20NoFrederic W. Cook & Co., Inc.
Regeneron Pharmaceuticals, Inc.155%Options 60 · RSA 40not disclosedPay Governance LLC
United Therapeutics Corporation221%Options 50 · PSU 50NoAon Human Capital Solutions
Vertex Pharmaceuticals Inc.not disclosedPSU 55 · RSU 45Nonot disclosed

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at BeOne Medicines in fiscal 2025?
As disclosed, Lai Wang, President and Global Head of Research and Development, was the highest-paid executive with total compensation of $18,319,310.
How does BeOne Medicines's chief executive pay compare to its disclosed peer group?
The filing shows that John Oyler's pay sits at the 25th percentile of the disclosed peer group.
What is BeOne Medicines's CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio is not disclosed in this filing.
How did shareholders vote on BeOne Medicines's executive compensation?
Shareholders supported the executive compensation proposal with 94.86% of the vote.
How much does BeOne Medicines spend in total on board compensation for fiscal 2025?
The company reported total board compensation of $0 for fiscal 2025.

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.

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, Lai WangDEF 14A2026-04-280001104659-26-049655Section “Executive Compensation”. As printed: 18,319,310. Filing ↗machine: r13 · c22 · span 1936675–1936685
2Section 01, John OylerDEF 14A2026-04-280001104659-26-049655Section “Executive Compensation”. As printed: 17,943,521. Filing ↗machine: r2 · c22 · span 1909011–1909021
3Section 01, Xiaobin WuDEF 14A2026-04-280001104659-26-049655Section “Executive Compensation”. As printed: 12,029,451. Filing ↗machine: r9 · c22 · span 1926156–1926166
4Section 01, Aaron RosenbergDEF 14A2026-04-280001104659-26-049655Section “Executive Compensation”. As printed: 6,428,374. Filing ↗machine: r6 · c22 · span 1919004–1919013
5Section 01, Chan LeeDEF 14A2026-04-280001104659-26-049655Section “Executive Compensation”. As printed: 5,055,306. Filing ↗machine: r17 · c22 · span 1947084–1947093
6Section 03, Aaron Rosenberg PSUDEF 14A2026-04-280001104659-26-049655Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t183 · r14 · c31 · span 2011374–2011383
7Section 03, Lai Wang PSUDEF 14A2026-04-280001104659-26-049655Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t183 · r19 · c31 · span 2024521–2024530
8Section 03, Lai Wang RSUDEF 14A2026-04-280001104659-26-049655Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t183 · r22 · c31 · span 2033736–2033745
9Section 03, Lai Wang OPTIONDEF 14A2026-04-280001104659-26-049655Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t183 · r21 · c25 · span 2030004–2030011
10Section 03, Chan Lee PSUDEF 14A2026-04-280001104659-26-049655Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t183 · r25 · c31 · span 2040486–2040495
11Section 03, Lai Wang RSUDEF 14A2026-04-280001104659-26-049655Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t183 · r20 · c31 · span 2027543–2027552
12Section 03, John Oyler OPTIONDEF 14A2026-04-280001104659-26-049655Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t183 · r6 · c25 · span 1990755–1990762
13Section 03, Aaron Rosenberg RSUDEF 14A2026-04-280001104659-26-049655Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t183 · r15 · c31 · span 2014396–2014405
14Section 03, Chan Lee OPTIONDEF 14A2026-04-280001104659-26-049655Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t183 · r27 · c25 · span 2046833–2046839
15Section 03, Aaron Rosenberg OPTIONDEF 14A2026-04-280001104659-26-049655Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t183 · r16 · c25 · span 2016857–2016864
16Section 03, Chan Lee RSUDEF 14A2026-04-280001104659-26-049655Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t183 · r26 · c31 · span 2043508–2043515
17Section 08, John V. OylerDEF 14A2026-04-280001104659-26-049655Section “Director Compensation”. As printed: 0. Filing ↗
18Section 08, Ms. Elizabeth F. MooneyDEF 14A2026-04-280001104659-26-049655Section “Director Compensation”. As printed: —. Filing ↗
19Section 08, Dr. Felix J. BakerDEF 14A2026-04-280001104659-26-049655Section “Director Compensation”. As printed: —. Filing ↗
20Section 08, Dr. Charles L. SawyersDEF 14A2026-04-280001104659-26-049655Section “Director Compensation”. As printed: —. Filing ↗
21Section 06, 2026 voteForm 8-K2026-06-110001651308-26-000017Item 5.07 · say-on-pay result. As reported: 94.86% (votes for as printed: 975,327,100). Filing ↗
22Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
23Section 09b board cost (computed)ComputedcomputedCash 0 + equity 0 + all other 0 = 0, summed across the director compensation table rows.machine: formula: Σ = 0
24Exelixis, Inc., Section 10b CEO totalDEF 14A2026-04-150000939767-26-000046CEO total compensation as printed in Exelixis, Inc.'s own proxy. As printed: 33,239,183. Filing ↗machine: r2 · c10 · span 2655516–2655526
25Incyte Corporation, Section 10b CEO totalDEF 14A2026-04-280000879169-26-000031CEO total compensation as printed in Incyte Corporation's own proxy. As printed: 32,085,952. Filing ↗machine: t91 · r2 · c16 · span 637817–637827
26Gilead Sciences, Inc., Section 10b CEO totalDEF 14A2026-03-200001308179-26-000106CEO total compensation as printed in Gilead Sciences, Inc.'s own proxy. As printed: 28,437,198. Filing ↗machine: t414 · r1 · c29 · span 989582–989592
27Amgen Inc., Section 10b CEO totalDEF 14A2026-04-070001193125-26-145588CEO total compensation as printed in Amgen Inc.'s own proxy. As printed: 24,693,120. Filing ↗machine: span 1591156–1591166
28Biogen Inc., Section 10b CEO totalDEF 14A2026-04-280001193125-26-187303CEO total compensation as printed in Biogen Inc.'s own proxy. As printed: 23,646,004. Filing ↗machine: r2 · c16 · span 1174380–1174391
29BioMarin Pharmaceutical, Inc., Section 10b CEO totalDEF 14A2026-04-210001628280-26-026290CEO total compensation as printed in BioMarin Pharmaceutical, Inc.'s own proxy. As printed: 21,927,563. Filing ↗machine: span 1384905–1384915
30Vertex Pharmaceuticals Inc., Section 10b CEO totalDEF 14A2026-04-020000875320-26-000153CEO total compensation as printed in Vertex Pharmaceuticals Inc.'s own proxy. As printed: 21,144,261. Filing ↗machine: r2 · c13 · span 2942799–2942809
31Moderna, Inc., Section 10b CEO totalDEF 14A2026-03-160001308179-26-000081CEO total compensation as printed in Moderna, Inc.'s own proxy. As printed: 19,932,217. Filing ↗machine: span 1132888–1132898
32United Therapeutics Corporation, Section 10b CEO totalDEF 14A2026-04-290001082554-26-000009CEO total compensation as printed in United Therapeutics Corporation's own proxy. As printed: 18,038,972. Filing ↗machine: span 1993726–1993736
33BeOne Medicines (subject), Section 10b CEO totalDEF 14A2026-04-280001104659-26-049655CEO total compensation as printed in BeOne Medicines's own proxy. As printed: 17,943,521. Filing ↗machine: r2 · c22 · span 1909011–1909021
34Alnylam Pharmaceuticals, Inc., Section 10b CEO totalDEF 14A2026-04-060001628280-26-023923CEO total compensation as printed in Alnylam Pharmaceuticals, Inc.'s own proxy. As printed: 14,867,600. Filing ↗machine: span 1294691–1294701
35Neurocrine Biosciences, Inc., Section 10b CEO totalDEF 14A2026-04-150000914475-26-000015CEO total compensation as printed in Neurocrine Biosciences, Inc.'s own proxy. As printed: 13,448,935. Filing ↗machine: t50 · r4 · c7 · span 847947–847957
36Regeneron Pharmaceuticals, Inc., Section 10b CEO totalDEF 14A2026-04-240001308179-26-000340CEO total compensation as printed in Regeneron Pharmaceuticals, Inc.'s own proxy. As printed: 7,280,549. Filing ↗machine: r3 · c10 · span 3335980–3335989
37Section 10a, Alnylam Pharmaceuticals, Inc. reciprocityDEF 14A0001628280-26-023923Alnylam Pharmaceuticals, Inc.'s most recent proxy was read; its disclosed peer group does not include BeOne Medicines. Filing ↗
38Section 10a, United Therapeutics Corporation reciprocityDEF 14A0001082554-26-000009United Therapeutics Corporation's most recent proxy was read; its disclosed peer group does not include BeOne Medicines. Filing ↗
39Section 10a, Moderna, Inc. reciprocityDEF 14A0001308179-26-000081Moderna, Inc.'s most recent proxy was read; its disclosed peer group does not include BeOne Medicines. Filing ↗
40Section 10a, BioMarin Pharmaceutical, Inc. reciprocityDEF 14A0001628280-26-026290BioMarin Pharmaceutical, Inc.'s most recent proxy was read; its disclosed peer group does not include BeOne Medicines. Filing ↗
41Section 10a, Amgen Inc. reciprocityDEF 14A0001193125-26-145588Amgen Inc.'s most recent proxy was read; its disclosed peer group does not include BeOne Medicines. Filing ↗
42Section 10a, Exelixis, Inc. reciprocityDEF 14A0000939767-26-000046Exelixis, Inc.'s most recent proxy was read; its disclosed peer group does not include BeOne Medicines. Filing ↗
43Section 10a, Regeneron Pharmaceuticals, Inc. reciprocityDEF 14A0001308179-26-000340Regeneron Pharmaceuticals, Inc.'s most recent proxy was read; its disclosed peer group does not include BeOne Medicines. Filing ↗
44Section 10a, Gilead Sciences, Inc. reciprocityDEF 14A0001308179-26-000106Gilead Sciences, Inc.'s most recent proxy was read; its disclosed peer group does not include BeOne Medicines. Filing ↗
45Section 10a, Vertex Pharmaceuticals Inc. reciprocityDEF 14A0000875320-26-000153Vertex Pharmaceuticals Inc.'s most recent proxy was read; its disclosed peer group does not include BeOne Medicines. Filing ↗
46Section 10a, Neurocrine Biosciences, Inc. reciprocityDEF 14A0000914475-26-000015Neurocrine Biosciences, Inc.'s most recent proxy was read; its disclosed peer group does not include BeOne Medicines. Filing ↗

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