Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-29

Perspective Therapeutics (CATX)

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.

$2,404,692
Johan Spoor total, FY2025
6th
CEO pay percentile vs peers
CEO-to-median pay ratio
73.68%
Say-on-pay support, latest vote
Companies that benchmark against CATX
1 company names CATX as a compensation peer

Each company listed discloses CATX 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 CATX in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Johan Spoor$680,000$0$0$1,302,692$408,000$0$14,000$2,404,692
Chief Executive Officer, Director
Juan Graham334,73480,00001,159,77900660,4172,234,930
Former Chief Financial Officer
Joel Sendek163,014001,750,83865,20007,5001,986,552
Chief Financial Officer
Markus Puhlmann516,70000330,683206,700014,0001,068,083
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
Johan Spoor$2,404,692$5,371,889−2,967,197
Juan Graham2,234,930
Joel Sendek1,986,552
Markus Puhlmann1,068,0832,029,343−961,260

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
Johan SpoorOption$1,302,692
Juan GrahamOption1,159,779
Markus PuhlmannOption330,683
Joel SendekOption1,750,838
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Johan Spoor$0$0$1,302,6920.0%
Juan Graham001,159,7790.0%
Markus Puhlmann00330,6830.0%
Joel Sendek001,750,8380.0%

% 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
Johan SpoorOption83,4712.4
Joel SendekOption600,0003.54
Johan SpoorOption528,1262.46
Markus PuhlmannOption134,0632.46
Markus PuhlmannOption93,75010.65
Markus PuhlmannOption36,9402.4
Johan SpoorOption312,50010.65
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation policies and philosophies are designed to align compensation with business objectives and the interests of stockholders, while also enabling the Company to attract, motivate and retain individuals who contribute to its long-term success.

CEO STI target (% of salary)60%
CEO LTI target (% of salary)
Independent consultantAon
Clawback policytrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-05-2838,730,18513,686,122151,72873.68%Passed
20222022-12-1353,042,42512,745,7831,819,20280.63%Passed
20192019-12-1010,152,4569,374,808199,91451.99%Passed
20162016-12-147,055,0092,401,194518,86774.61%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
20252025-05-2873.68%a
20222022-12-1380.63%b
20192019-12-1051.99%c

a. Approved under the standard stated in the filing — “Abstentions will have the same effect as voting against Proposal 2.”.

b. Voting standard not stated in the filing.

c. 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
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Maya Martinez-DavisIndependent · Compensation · Nominations and Corporate Governance Committee · Newly elected$19,667$0$207,365$0$227,032
Lori A. WoodsIndependent · Board Chair90,000099,3970189,397
Robert Froman Williamson IIIIndependent · Audit · Compensation (Chair)75,000099,3970174,397
Heidi HensonIndependent · Audit (Chair) · Compensation · Nominations and Corporate Governance Committee75,000099,3970174,397
Frank Morich, M.D., Ph.DIndependent · Audit · Nominations and Corporate Governance Committee (Chair)75,000099,3970174,397
Johan (Thijs) SpoorEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$30,000
Annual equity retainer$99,397
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)15,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$334,667
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$334,667

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 Perspective Therapeutics 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 Perspective Therapeutics.

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
1Cogent Biosciences2025Andrew Robbins$724,554$12,993,250$13,447,680$561,600$27,762,684
2Janux Therapeutics2025David Campbell680,000012,459,031367,20013,506,231
3CG Oncology2025Arthur Kuan690,0003,451,8847,350,515414,00011,928,401
4Kymera Therapeutics2025Nello Mainolfi693,00007,318,859519,7508,545,609
5Terns Pharmaceuticals2024Amy Burroughs563,701807,7506,476,968375,0008,240,502
6RAPT Therapeutics2024Brian Wong630,00005,927,297416,0006,979,539
7Day One Biopharmaceuticals2024Jeremy Bender680,0002,700,2802,664,697501,8006,560,577
8ORIC Pharmaceuticals2025Jacob Chacko657,500826,0003,634,560434,0005,567,164
9Tyra Biosciences2025Todd Harris658,00004,568,037325,7105,566,997
10Relay Therapeutics2025Sanjiv Patel707,84603,513,900424,7084,646,454
11Y-mAbs Therapeutics2024Michael Rossi705,6001,170,7322,288,662392,5964,557,590
12Aura Biosciences2025Elisabet de los Pinos645,4831,492,3781,513,293284,0133,956,167
13Olema Pharmaceuticals2025Sean Bohen699,92002,002,000461,9003,178,990
14C4 Therapeutics2025Andrew Hirsch694,925710,730848,007573,3132,940,975
15Tango Therapeutics2025Barbara Weber697,950308,0961,275,328524,2502,823,992
16Perspective Therapeutics2025Johan Spoor680,00001,302,692408,0002,404,692
17Caribou Biosciences2025Rachel Haurwitz667,534192,818654,54101,840,965
Monte Rosa Therapeuticsnot in coverage universe
ALX Oncologynot in coverage universe

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
Perspective Therapeuticsnot disclosedOptions 100not disclosedAon
ALX Oncologynot disclosednot disclosednot disclosednot disclosed
Aura Biosciencesnot disclosednot disclosednot disclosedPay Governance
C4 Therapeutics120%not disclosednot disclosedPearl Meyer
Caribou Biosciences85%not disclosednot disclosedAlpine Rewards, LLC
CG Oncology100%Options 72 · PSU 28NoPay Governance
Cogent Biosciences135%not disclosedNoCompensia
Day One Biopharmaceuticals123%Options 50 · RSU 50not disclosedCompensia Inc.
Janux Therapeutics90%not disclosednot disclosedFW Cook
Kymera Therapeutics125%not disclosedNoAlpine Rewards
Monte Rosa Therapeuticsnot disclosednot disclosednot disclosednot disclosed
Olema Pharmaceuticals110%Options 100not disclosedAon
ORIC Pharmaceuticalsnot disclosednot disclosednot disclosedAon
RAPT Therapeutics120%Options 100not disclosedAon plc/Radford
Relay Therapeutics100%Option 100not disclosedAon's Human Capital Solutions practice, a division of Aon plc
Tango Therapeuticsnot disclosednot disclosednot disclosedPearl Meyer & Partners, LLC
Terns Pharmaceuticals120%not disclosedNoAlpine Rewards
Tyra Biosciencesnot disclosedOptions 100not disclosedAon Rewards Solutions
Y-mAbs Therapeutics85.6%PSU 34 · Options 33 · RSU 33NoAon's Human Capital Solutions practice (division of Aon plc)

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.

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, Johan SpoorDEF 14A2026-04-160001193125-26-159005Section “Executive Compensation”. As printed: 2,404,692. Filing ↗
2Section 01, Juan GrahamDEF 14A2026-04-160001193125-26-159005Section “Summary Compensation Table” · page 27. As printed: 2,234,930. Filing ↗machine: t13 · r11 · c26 · span 642736–642745
3Section 01, Joel SendekDEF 14A2026-04-160001193125-26-159005Section “Summary Compensation Table” · page 27. As printed: 1,986,552. Filing ↗machine: t13 · r8 · c26 · span 617681–617690
4Section 01, Markus PuhlmannDEF 14A2026-04-160001193125-26-159005Section “Summary Compensation Table” · page 27. As printed: 1,068,083. Filing ↗machine: t13 · r14 · c26 · span 667749–667758
5Section 03, Johan Spoor OptionDEF 14A2026-04-160001193125-26-159005Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t13 · r5 · c13 · span 585955–585964
6Section 03, Juan Graham OptionDEF 14A2026-04-160001193125-26-159005Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t13 · r11 · c13 · span 638195–638204
7Section 03, Markus Puhlmann OptionDEF 14A2026-04-160001193125-26-159005Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t13 · r14 · c13 · span 663205–663212
8Section 03, Joel Sendek OptionDEF 14A2026-04-160001193125-26-159005Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t13 · r8 · c13 · span 613137–613146
9Section 07, pay ratio10-K2026-03-160000728387-26-000004Section “CEO Pay Ratio”. As printed: —. Filing ↗
10Section 08, Maya Martinez-DavisDEF 14A2026-04-160001193125-26-159005Section “Director Compensation”. As printed: 227,032. Filing ↗machine: t21 · r7 · c11 · span 1108247–1108254
11Section 08, Lori A. WoodsDEF 14A2026-04-160001193125-26-159005Section “Director Compensation”. As printed: 189,397. Filing ↗machine: t21 · r5 · c11 · span 1099051–1099058
12Section 08, Robert Froman Williamson IIIDEF 14A2026-04-160001193125-26-159005Section “Director Compensation”. As printed: 174,397. Filing ↗machine: r9 · c11 · span 1117465–1117472
13Section 08, Heidi HensonDEF 14A2026-04-160001193125-26-159005Section “Director Compensation”. As printed: 174,397. Filing ↗machine: t21 · r6 · c11 · span 1103645–1103652
14Section 08, Frank Morich, M.D., Ph.DDEF 14A2026-04-160001193125-26-159005Section “Director Compensation”. As printed: 174,397. Filing ↗machine: t21 · r8 · c11 · span 1112854–1112861
15Section 08, Johan (Thijs) SpoorDEF 14A2026-04-160001193125-26-159005Section “Director Compensation”. As printed: 0. Filing ↗
16Section 06, 2025 voteForm 8-K2025-05-280000950170-25-078439Item 5.07 · say-on-pay result. As reported: 73.68% (votes for as printed: 38,730,185). Filing ↗
17Section 06, 2022 voteForm 8-K2022-12-140001437749-22-029080Item 5.07 · say-on-pay result. As reported: 80.63% (votes for as printed: 53,042,425). Filing ↗
18Section 06, 2019 voteForm 8-K2019-12-130001437749-19-024428Item 5.07 · say-on-pay result. As reported: 51.99% (votes for as printed: 10,152,456). Filing ↗
19Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
20Section 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
21Section 09b board cost (computed)ComputedcomputedCash 334,667 + equity 0 + all other 0 = 334,667, summed across the director compensation table rows.machine: formula: Σ = 334,667
22Cogent Biosciences, Section 10b CEO totalDEF 14A2026-04-230001193125-26-173834CEO total compensation as printed in Cogent Biosciences's own proxy. As printed: 27,762,684. Filing ↗machine: r2 · c39 · span 369353–369363
23Janux Therapeutics, Section 10b CEO totalDEF 14A2026-04-280001193125-26-187095CEO total compensation as printed in Janux Therapeutics's own proxy. As printed: 13,506,231. Filing ↗machine: r2 · c22 · span 571399–571409
24CG Oncology, Section 10b CEO totalDEF 14A2026-04-240001193125-26-177395CEO total compensation as printed in CG Oncology's own proxy. As printed: 11,928,401. Filing ↗machine: r2 · c8 · span 509631–509641
25Kymera Therapeutics, Section 10b CEO totalDEF 14A2026-04-290001193125-26-191495CEO total compensation as printed in Kymera Therapeutics's own proxy. As printed: 8,545,609. Filing ↗machine: r2 · c14 · span 676137–676146
26Terns Pharmaceuticals, Section 10b CEO totalDEF 14A2025-04-290000950170-25-060138CEO total compensation as printed in Terns Pharmaceuticals's own proxy. As printed: 8,240,502. Filing ↗machine: t5 · r3 · c26 · span 385759–385768
27RAPT Therapeutics, Section 10b CEO totalDEF 14A2025-04-140000950170-25-053517CEO total compensation as printed in RAPT Therapeutics's own proxy. As printed: 6,979,539. Filing ↗machine: r2 · c23 · span 816852–816861
28Day One Biopharmaceuticals, Section 10b CEO totalDEF 14A2025-04-110001140361-25-013462CEO total compensation as printed in Day One Biopharmaceuticals's own proxy. As printed: 6,560,577. Filing ↗machine: r2 · c21 · span 526324–526333
29ORIC Pharmaceuticals, Section 10b CEO totalDEF 14A2026-04-280001193125-26-186911CEO total compensation as printed in ORIC Pharmaceuticals's own proxy. As printed: 5,567,164. Filing ↗machine: r2 · c26 · span 435191–435200
30Tyra Biosciences, Section 10b CEO totalDEF 14A2026-04-170001193125-26-160360CEO total compensation as printed in Tyra Biosciences's own proxy. As printed: 5,566,997. Filing ↗machine: r2 · c23 · span 216822–216831
31Relay Therapeutics, Section 10b CEO totalDEF 14A2026-04-280001193125-26-186929CEO total compensation as printed in Relay Therapeutics's own proxy. As printed: 4,646,454. Filing ↗machine: r2 · c29 · span 660153–660162
32Y-mAbs Therapeutics, Section 10b CEO totalDEF 14A2025-05-300001558370-25-008299CEO total compensation as printed in Y-mAbs Therapeutics's own proxy. As printed: 4,557,590. Filing ↗machine: t100 · r5 · c23 · span 597595–597604
33Aura Biosciences, Section 10b CEO totalDEF 14A2026-04-200001193125-26-163933CEO total compensation as printed in Aura Biosciences's own proxy. As printed: 3,956,167. Filing ↗machine: t10 · r2 · c29 · span 480151–480160
34Olema Pharmaceuticals, Section 10b CEO totalDEF 14A2026-04-290001193125-26-191956CEO total compensation as printed in Olema Pharmaceuticals's own proxy. As printed: 3,178,990. Filing ↗machine: t29 · r5 · c16 · span 612371–612380
35C4 Therapeutics, Section 10b CEO totalDEF 14A2026-04-290001628280-26-028104CEO total compensation as printed in C4 Therapeutics's own proxy. As printed: 2,940,975. Filing ↗machine: span 511808–511817
36Tango Therapeutics, Section 10b CEO totalDEF 14A2026-04-170001193125-26-160287CEO total compensation as printed in Tango Therapeutics's own proxy. As printed: 2,823,992. Filing ↗machine: r2 · c39 · span 540371–540380
37Perspective Therapeutics (subject), Section 10b CEO totalDEF 14A2026-04-160001193125-26-159005CEO total compensation as printed in Perspective Therapeutics's own proxy. As printed: 2,404,692. Filing ↗
38Caribou Biosciences, Section 10b CEO totalDEF 14A2026-04-240001619856-26-000022CEO total compensation as printed in Caribou Biosciences's own proxy. As printed: 1,840,965. Filing ↗machine: r2 · c39 · span 189876–189885
39Section 10a, Relay Therapeutics reciprocityDEF 14A0001193125-26-186929Relay Therapeutics's most recent proxy was read; its disclosed peer group does not include Perspective Therapeutics. Filing ↗
40Section 10a, Janux Therapeutics reciprocityDEF 14A0001193125-26-187095Janux Therapeutics's most recent proxy was read; its disclosed peer group does not include Perspective Therapeutics. Filing ↗
41Section 10a, CG Oncology reciprocityDEF 14A0001193125-26-177395CG Oncology's most recent proxy was read; its disclosed peer group does not include Perspective Therapeutics. Filing ↗
42Section 10a, Cogent Biosciences reciprocityDEF 14A0001193125-26-173834Cogent Biosciences's most recent proxy was read; its disclosed peer group does not include Perspective Therapeutics. Filing ↗
43Section 10a, Kymera Therapeutics reciprocityDEF 14A0001193125-26-191495Kymera Therapeutics's most recent proxy was read; its disclosed peer group does not include Perspective Therapeutics. Filing ↗
44Section 10a, Tango Therapeutics reciprocityDEF 14A0001193125-26-160287Tango Therapeutics's most recent proxy was read; its disclosed peer group does not include Perspective Therapeutics. Filing ↗
45Section 10a, Olema Pharmaceuticals reciprocityDEF 14A0001193125-26-191956Olema Pharmaceuticals's most recent proxy was read; its disclosed peer group does not include Perspective Therapeutics. Filing ↗
46Section 10a, C4 Therapeutics reciprocityDEF 14A0001628280-26-028104C4 Therapeutics's most recent proxy was read; its disclosed peer group does not include Perspective Therapeutics. Filing ↗
47Section 10a, Y-mAbs Therapeutics reciprocityDEF 14A0001558370-25-008299Y-mAbs Therapeutics's most recent proxy was read; its disclosed peer group does not include Perspective Therapeutics. Filing ↗