Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2026-04-28

Avid Bioservices (CDMO)

Fiscal year 2024 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.

$4,475,343
Nicholas Green total, FY2024
30th
CEO pay percentile vs peers
35:1
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against CDMO
2 companies name CDMO as a compensation peer

Each company listed discloses CDMO 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 CDMO 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 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Nicholas Green$650,000$0$3,776,336$0$0$0$49,007$4,475,343
President and Chief Executive Officer
Daniel Hart445,0000944,07500052,1571,441,232
Chief Financial Officer
Mark Ziebell425,0000557,00100052,1571,034,158
Vice President, General Counsel and Corporate Secretary
Matthew Kwietniak362,0000566,43900047,433975,872
Chief Commercial Officer
Richard Richieri375,0000472,02700036,907883,934
Chief Operations 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 officerFY2024 totalFY2023 totalFY2022 totalΔ FY20232024
Nicholas Green$4,475,343$6,461,784$6,181,824−1,986,441
Daniel Hart1,441,2321,936,8982,067,208−495,666
Mark Ziebell1,034,1581,377,3991,291,708−343,241
Matthew Kwietniak975,8721,283,884−308,012
Richard Richieri883,9341,109,387−225,453

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 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Matthew KwietniakPSU2023-07-0920,346$283,216
Nicholas GreenPSU2023-07-09135,645203,467271,2891,888,171
Nicholas GreenPSU2023-07-09135,6441,888,165
Daniel HartPSU2023-07-0933,91150,86767,822472,034
Mark ZiebellPSU2023-07-0920,00830,01140,015278,504
Mark ZiebellPSU2023-07-0920,007278,497
Richard RichieriPSU2023-07-0916,95525,43333,911236,013
Matthew KwietniakPSU2023-07-0920,34730,52040,693283,223
Richard RichieriPSU2023-07-0916,955236,014
Daniel HartPSU2023-07-0933,911472,041
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Matthew Kwietniak$0$566,439$0100.0%
Nicholas Green03,776,3360100.0%
Daniel Hart0944,0750100.0%
Mark Ziebell0557,0010100.0%
Richard Richieri0472,0270100.0%

% 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 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Matthew KwietniakRSU162,563$191,250
Richard RichieriRSU138,465162,900
Nicholas GreenPSU203,467271,289
Matthew KwietniakRSU10,17320,347
Matthew KwietniakPSU30,52040,693
Daniel HartRSU16,95633,911
Matthew KwietniakPSU20,34640,694
Richard RichieriPSU25,43333,911
Richard RichieriPSU16,95533,908
Richard RichieriRSU8,47816,955
Daniel HartPSU33,91167,820
Nicholas GreenPSU135,644271,290
Mark ZiebellPSU20,00740,014
Mark ZiebellRSU10,00420,008
Daniel HartRSU143,438168,750
Nicholas GreenRSU67,822135,645
Daniel HartPSU50,86767,822
Mark ZiebellPSU30,01140,015
Nicholas GreenRSU208,038244,750
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation philosophy is to provide compensation that will attract, motivate, retain and reward high-performing talent in our industry and foster a pay-for-performance philosophy by tying a significant portion of pay to financial performance as well as other goals that support the creation of sustainable long-term stockholder value.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultantAnderson Pay Advisors, LLC
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
07

CEO pay ratio

Ratio (CEO : median employee)35 : 1
CEO total compensation$4,475,343
Median employee compensation$126,552
08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Joseph Carleone, Ph.DIndependent · Board Chair · Corporate Governance$120,000$155,185$0$0$275,185
Jeanne A. ThomaIndependent · Corporate Governance (Chair) · Compensation90,000155,18500245,185
Gregory P. SargenIndependent · Audit (Chair) · Compensation90,000155,18500245,185
Catherine J. Mackey, Ph.DIndependent · Compensation (Chair) · Audit90,000155,18500245,185
Esther M. Alegria, Ph.DIndependent · Audit · Corporate Governance85,000155,18500240,185
Richard B. HancockIndependent · Audit · Corporate Governance85,000155,18500240,185
Nicholas S. GreenEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$55,000
Annual equity retainer$140,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 20,000 / 20,000
Stock ownership guideline3x annual cash retainer
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$560,000
Equity awards (grant-date value)$931,110
All other compensation$0
Total cost of the board$1,491,110

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

10

Disclosed peer group — fiscal year 2024

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 Avid Bioservices 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 Avid Bioservices.

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
1Twist Bioscience Corporation2025Emily Leproust$720,000$11,998,134$0$932,918$13,781,570
2ANI Pharmaceuticals, Inc.2025Nikhil Lalwani837,4097,848,71101,572,50010,278,620
3Standard BioTools Inc.2025Michael Egholm680,2565,337,8831,671,3631,120,0008,823,502
4CareDx, Inc.2025John Hanna693,2695,622,6380852,5157,179,699
5Emergent BioSolutions Inc.2025Joseph Papa1,037,3851,638,5001,191,5001,446,6405,321,147
6Quanterix Corporation2025Masoud Toloue670,9501,170,0002,729,998674,1725,250,745
7Rigel Pharmaceuticals, Inc.2025Raul Rodriguez787,405951,3272,241,570634,6494,658,805
8Avid Bioservices2024Nicholas Green650,0003,776,336004,475,343
9Pacific Biosciences of California, Inc.2025Christian Henry748,2501,151,0131,696,278714,3054,309,846
10Codexis, Inc.2025Alison Moore524,732255,9941,065,223463,1252,323,279
11Harvard Bioscience, Inc.2025John Duke203,077598,90000905,208
Lifecore Biomedical, Inc.not in coverage universe
Sangamo Therapeutics, Inc.not in coverage universe
Codiak BioSciences, Inc.not 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
Avid Bioservices0%PSU 50 · RSU 50NoAnderson Pay Advisors, LLC
ANI Pharmaceuticals, Inc.185%RSU 75 · PSU 25Yes — relative TSR against the constituents of the S&P 600 Pharmaceuticals, Biotechnology and Life Sciences IndexPearl Meyer & Partners, LLC
CareDx, Inc.122%RSU 70 · PSU 30NoAlpine Rewards
Codexis, Inc.95%not disclosednot disclosedPearl Meyer
Codiak BioSciences, Inc.not disclosednot disclosednot disclosednot disclosed
Emergent BioSolutions Inc.107%Options 50 · PSU 50NoWillis Towers Watson
Harvard Bioscience, Inc.0%RSU 50 · MSU 50Yes — Relative Total Shareholder Return (TSR)Frederic W. Cook & Co., Inc.
Lifecore Biomedical, Inc.not disclosednot disclosednot disclosednot disclosed
Pacific Biosciences of California, Inc.95%not disclosednot disclosedAon Human Capital Solutions
Quanterix Corporation95%Options 70 · RSU 30not disclosedPayGov
Rigel Pharmaceuticals, Inc.124%Options 75 · RSU 25NoPearl Meyer
Sangamo Therapeutics, Inc.not disclosednot disclosednot disclosednot disclosed
Standard BioTools Inc.160%not disclosednot disclosedPearl Meyer
Twist Bioscience Corporation129.6%PSU 50 · RSU 50Nonot 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.

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, Nicholas GreenDEF 14A2024-08-280001683168-24-006081Section “SUMMARY COMPENSATION TABLE”. As printed: 4,475,343. Filing ↗machine: r1 · c8 · span 442595–442604
2Section 01, Daniel HartDEF 14A2024-08-280001683168-24-006081Section “SUMMARY COMPENSATION TABLE”. As printed: 1,441,232. Filing ↗machine: r4 · c8 · span 445197–445206
3Section 01, Mark ZiebellDEF 14A2024-08-280001683168-24-006081Section “SUMMARY COMPENSATION TABLE”. As printed: 1,034,158. Filing ↗machine: r13 · c8 · span 452945–452954
4Section 01, Matthew KwietniakDEF 14A2024-08-280001683168-24-006081Section “SUMMARY COMPENSATION TABLE”. As printed: 975,872. Filing ↗machine: r10 · c8 · span 450396–450403
5Section 01, Richard RichieriDEF 14A2024-08-280001683168-24-006081Section “SUMMARY COMPENSATION TABLE”. As printed: 883,934. Filing ↗machine: r7 · c8 · span 447798–447805
6Section 03, Matthew Kwietniak PSUDEF 14A2024-08-280001683168-24-006081Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t101 · r13 · c12 · span 486971–486978
7Section 03, Nicholas Green PSUDEF 14A2024-08-280001683168-24-006081Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t101 · r3 · c9 · span 469660–469667
8Section 03, Nicholas Green PSUDEF 14A2024-08-280001683168-24-006081Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t101 · r4 · c12 · span 471825–471834
9Section 03, Daniel Hart PSUDEF 14A2024-08-280001683168-24-006081Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t101 · r6 · c9 · span 474697–474703
10Section 03, Mark Ziebell PSUDEF 14A2024-08-280001683168-24-006081Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t101 · r15 · c9 · span 489914–489920
11Section 03, Mark Ziebell PSUDEF 14A2024-08-280001683168-24-006081Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t101 · r16 · c12 · span 492089–492096
12Section 03, Richard Richieri PSUDEF 14A2024-08-280001683168-24-006081Section “GRANTS OF PLAN-BASED AWARDS FOR THE FISCAL YEAR ENDED APRIL 30, 2024” · grants of plan-based awards table. Filing ↗machine: t101 · r9 · c12 · span 480223–480230
13Section 03, Matthew Kwietniak PSUDEF 14A2024-08-280001683168-24-006081Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t101 · r12 · c9 · span 484832–484838
14Section 03, Richard Richieri PSUDEF 14A2024-08-280001683168-24-006081Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t101 · r9 · c8 · span 479656–479662
15Section 03, Daniel Hart PSUDEF 14A2024-08-280001683168-24-006081Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t101 · r6 · c8 · span 474571–474577
16Section 07, pay ratioDEF 14A2024-08-280001683168-24-006081Section “CEO Pay Ratio”. As printed: 35 : 1. Filing ↗machine: t69 · r1 · c0 · span 336189–336191
17Section 08, Joseph Carleone, Ph.DDEF 14A2024-08-280001683168-24-006081Section “Director Compensation”. As printed: 275,185. Filing ↗machine: t47 · r2 · c15 · span 253992–253999
18Section 08, Jeanne A. ThomaDEF 14A2024-08-280001683168-24-006081Section “Director Compensation”. As printed: 245,185. Filing ↗machine: t47 · r6 · c15 · span 257594–257601
19Section 08, Gregory P. SargenDEF 14A2024-08-280001683168-24-006081Section “Director Compensation”. As printed: 245,185. Filing ↗machine: t47 · r5 · c15 · span 256703–256710
20Section 08, Catherine J. Mackey, Ph.DDEF 14A2024-08-280001683168-24-006081Section “Director Compensation”. As printed: 245,185. Filing ↗machine: t47 · r4 · c15 · span 255799–255806
21Section 08, Esther M. Alegria, Ph.DDEF 14A2024-08-280001683168-24-006081Section “Director Compensation”. As printed: 240,185. Filing ↗machine: t47 · r1 · c15 · span 253082–253089
22Section 08, Richard B. HancockDEF 14A2024-08-280001683168-24-006081Section “Director Compensation”. As printed: 240,185. Filing ↗machine: t47 · r3 · c15 · span 254897–254904
23Section 08, Nicholas S. GreenDEF 14A2024-08-280001683168-24-006081Section “Director Compensation”. As printed: 0. Filing ↗
24Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
25Section 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
26Section 09b board cost (computed)ComputedcomputedCash 560,000 + equity 931,110 + all other 0 = 1,491,110, summed across the director compensation table rows.machine: formula: Σ = 1,491,110
27Twist Bioscience Corporation, Section 10b CEO totalDEF 14A2026-01-060001581280-26-000006CEO total compensation as printed in Twist Bioscience Corporation's own proxy. As printed: 13,781,570. Filing ↗machine: t34 · r2 · c15 · span 1510951–1510961
28ANI Pharmaceuticals, Inc., Section 10b CEO totalDEF 14A2026-04-090001023024-26-000039CEO total compensation as printed in ANI Pharmaceuticals, Inc.'s own proxy. As printed: 10,278,620. Filing ↗machine: r2 · c48 · span 484144–484154
29Standard BioTools Inc., Section 10b CEO totalDEF 14A2026-04-270001140361-26-017100CEO total compensation as printed in Standard BioTools Inc.'s own proxy. As printed: 8,823,502. Filing ↗machine: r2 · c22 · span 553256–553266
30CareDx, Inc., Section 10b CEO totalDEF 14A2026-04-270001217234-26-000028CEO total compensation as printed in CareDx, Inc.'s own proxy. As printed: 7,179,699. Filing ↗machine: t113 · r3 · c9 · span 1893652–1893661
31Emergent BioSolutions Inc., Section 10b CEO totalDEF 14A2026-03-200001367644-26-000033CEO total compensation as printed in Emergent BioSolutions Inc.'s own proxy. As printed: 5,321,147. Filing ↗machine: t155 · r3 · c15 · span 906918–906927
32Quanterix Corporation, Section 10b CEO totalDEF 14A2026-04-240001104659-26-048166CEO total compensation as printed in Quanterix Corporation's own proxy. As printed: 5,250,745. Filing ↗machine: t18 · r1 · c47 · span 503076–503085
33Rigel Pharmaceuticals, Inc., Section 10b CEO totalDEF 14A2026-04-030001034842-26-000023CEO total compensation as printed in Rigel Pharmaceuticals, Inc.'s own proxy. As printed: 4,658,805. Filing ↗machine: t120 · r3 · c22 · span 886059–886068
34Avid Bioservices (subject), Section 10b CEO totalDEF 14A2024-08-280001683168-24-006081CEO total compensation as printed in Avid Bioservices's own proxy. As printed: 4,475,343. Filing ↗machine: r1 · c8 · span 442595–442604
35Pacific Biosciences of California, Inc., Section 10b CEO totalDEF 14A2026-04-230001299130-26-000064CEO total compensation as printed in Pacific Biosciences of California, Inc.'s own proxy. As printed: 4,309,846. Filing ↗machine: r2 · c48 · span 876974–876983
36Codexis, Inc., Section 10b CEO totalDEF 14A2026-04-280001193125-26-186994CEO total compensation as printed in Codexis, Inc.'s own proxy. As printed: 2,323,279. Filing ↗machine: r2 · c27 · span 319928–319937
37Harvard Bioscience, Inc., Section 10b CEO totalDEF 14A2026-04-210001171843-26-002617CEO total compensation as printed in Harvard Bioscience, Inc.'s own proxy. As printed: 905,208. Filing ↗machine: r2 · c25 · span 341394–341401
38Section 10a, Pacific Biosciences of California, Inc. reciprocityDEF 14A0001299130-26-000064Pacific Biosciences of California, Inc.'s most recent proxy was read; its disclosed peer group does not include Avid Bioservices. Filing ↗
39Section 10a, Emergent BioSolutions Inc. reciprocityDEF 14A0001367644-26-000033Emergent BioSolutions Inc.'s most recent proxy was read; its disclosed peer group does not include Avid Bioservices. Filing ↗
40Section 10a, Quanterix Corporation reciprocityDEF 14A0001104659-26-048166Quanterix Corporation's most recent proxy was read; its disclosed peer group does not include Avid Bioservices. Filing ↗
41Section 10a, CareDx, Inc. reciprocityDEF 14A0001217234-26-000028CareDx, Inc.'s most recent proxy was read; its disclosed peer group does not include Avid Bioservices. Filing ↗
42Section 10a, ANI Pharmaceuticals, Inc. reciprocityDEF 14A0001023024-26-000039ANI Pharmaceuticals, Inc.'s most recent proxy was read; its disclosed peer group does not include Avid Bioservices. Filing ↗
43Section 10a, Rigel Pharmaceuticals, Inc. reciprocityDEF 14A0001034842-26-000023Rigel Pharmaceuticals, Inc.'s most recent proxy was read; its disclosed peer group does not include Avid Bioservices. Filing ↗
44Section 10a, Harvard Bioscience, Inc. reciprocityDEF 14A0001171843-25-002341Harvard Bioscience, Inc.'s most recent proxy was read; its disclosed peer group does not include Avid Bioservices. Filing ↗
45Section 10a, Standard BioTools Inc. reciprocityDEF 14A0001140361-26-017100Standard BioTools Inc.'s most recent proxy was read; its disclosed peer group does not include Avid Bioservices. Filing ↗