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.
Each company listed discloses CDXS 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 CDXS in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Alison Moore | $524,732 | $0 | $255,994 | $1,065,223 | $463,125 | $0 | $14,205 | $2,323,279 |
| President and Chief Executive Officer | ||||||||
| Stephen Dilly | 758,903 | 0 | 374,954 | 489,686 | 521,051 | 0 | 50,007 | 2,194,601 |
| Executive Chair of the Board of Directors and former President and Chief Executive Officer | ||||||||
| Georgia Erbez | 507,423 | 0 | 117,444 | 487,523 | 237,500 | 0 | 1,040 | 1,350,930 |
| Chief Financial Officer and Chief Business Officer | ||||||||
| Kevin Norrett | 501,298 | 0 | 57,306 | 10,582 | 250,000 | 0 | 514,720 | 1,333,906 |
| Former Chief Operating Officer | ||||||||
| Stefan Lutz | 481,572 | 0 | 76,475 | 317,457 | 232,750 | 0 | 14,840 | 1,123,094 |
| Chief Scientific 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Alison Moore | $2,323,279 | — | — | — |
| Stephen Dilly | 2,194,601 | — | — | — |
| Georgia Erbez | 1,350,930 | — | — | — |
| Kevin Norrett | 1,333,906 | — | — | — |
| Stefan Lutz | 1,123,094 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| De Vre Raymond | Director | 2026-06-11 | D | 2,605 | $2 | $6,174 | Common | Form 4 ↗ |
| De Vre Raymond | Director | 2026-06-17 | A | 66,350 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Rahul Singhvi | Director | 2026-06-17 | A | 66,350 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| H. Stewart Parker | Director | 2026-06-17 | A | 66,350 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Cynthia Collins | Director | 2026-06-17 | A | 66,350 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| David V. Smith | Director | 2026-06-17 | A | 66,350 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Esther Martinborough | Director | 2026-06-17 | A | 66,350 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Christos Richards | Director | 2026-06-17 | A | 66,350 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Stephen George Dilly | Director | 2026-06-17 | A | 66,350 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Alison Moore | OPTION | — | — | — | — | — | $1,065,223 |
| Kevin Norrett | PSU | — | — | — | — | — | 57,306 |
| Georgia Erbez | PSU | — | — | — | — | — | 117,444 |
| Kevin Norrett | OPTION | — | — | — | — | — | 10,582 |
| Alison Moore | PSU | — | — | — | — | — | 255,994 |
| Stefan Lutz | OPTION | — | — | — | — | — | 317,457 |
| Stefan Lutz | PSU | — | — | — | — | — | 76,475 |
| Stephen Dilly | PSU | — | — | — | — | — | 374,954 |
| Stephen Dilly | OPTION | — | — | — | — | — | 489,686 |
| Georgia Erbez | OPTION | — | — | — | — | — | 487,523 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Alison Moore | $0 | $255,994 | $1,065,223 | 19.4% |
| Kevin Norrett | 0 | 57,306 | 10,582 | 84.4% |
| Georgia Erbez | 0 | 117,444 | 487,523 | 19.4% |
| Stefan Lutz | 0 | 76,475 | 317,457 | 19.4% |
| Stephen Dilly | 0 | 374,954 | 489,686 | 43.4% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Alison Moore | RSU | 26,875 | — | $43,806 |
| Alison Moore | Option | 206,250 | 2.97 | — |
| Georgia Erbez | Option | 161,250 | 4.37 | — |
| Alison Moore | Option | 500,000 | 1.63 | — |
| Stefan Lutz | Option | 75,620 | 3.05 | — |
| Kevin Norrett | Option | 86,126 | 6.07 | — |
| Kevin Norrett | Option | 19,688 | 5.44 | — |
| Kevin Norrett | Option | 113,440 | 3.05 | — |
| Kevin Norrett | RSU | 34,900 | — | 56,887 |
| Stefan Lutz | RSU | 23,266 | — | 37,924 |
| Stefan Lutz | RSU | 12,500 | — | 20,375 |
| Stefan Lutz | Option | 542 | 19.39 | — |
| Stefan Lutz | Option | 105,000 | 4.37 | — |
| Alison Moore | RSU | 85,000 | — | 138,550 |
| Georgia Erbez | RSU | 26,875 | — | 43,806 |
| Stefan Lutz | RSU | 37,500 | — | 61,125 |
| Alison Moore | RSU | 33,333 | — | 54,333 |
| Georgia Erbez | RSU | 33,333 | — | 54,333 |
| Kevin Norrett | RSU | 26,875 | — | 43,806 |
| Stefan Lutz | RSU | 17,500 | — | 28,525 |
| Kevin Norrett | RSU | 7,500 | — | 12,225 |
| Alison Moore | Option | 161,250 | 4.37 | — |
| Georgia Erbez | Option | 206,250 | 2.97 | — |
| Stefan Lutz | Option | 32,813 | 5.44 | — |
| Stefan Lutz | Option | 116,667 | 6.73 | — |
| Stefan Lutz | Option | 98,438 | 5.44 | — |
| Stefan Lutz | Option | 310,752 | 3.05 | — |
| Stefan Lutz | Option | 532,500 | 4.37 | — |
| Kevin Norrett | Option | 161,250 | 4.37 | — |
| Stefan Lutz | RSU | 88,750 | — | 144,663 |
| Stefan Lutz | RSU | 95,616 | — | 155,854 |
Our compensation program for our named executive officers is designed to achieve the following objectives: attract, engage and retain executives of superior ability, experience and managerial talent enabling us to be an employer of choice in our highly competitive and dynamic industry; motivate and reward executives whose knowledge, skills and performance support our continued success; encourage and inspire our executives to achieve key corporate performance objectives by linking incentive award opportunities to the achievement of individual and company-wide short- and long-term goals; and align the interests of our executives and stockholders by providing a significant portion of total compensation opportunities for our executive officers in the form of direct ownership in our Company through stock options and other equity incentive awards, which will motivate executives to increase stockholder value.
| CEO STI target (% of salary) | 75% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Pearl Meyer |
| Clawback policy | True |
| Anti-hedging | True |
| Anti-pledging | True |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-06-17 | 52,546,366 | 1,192,848 | 227,354 | 97.37% | Passed |
| 2025 | 2025-06-10 | 48,882,072 | 4,841,595 | 767,594 | 89.71% | Passed |
| 2024 | 2024-06-11 | 47,194,745 | 2,628,567 | 146,568 | 94.45% | Passed |
| 2020 | 2020-06-16 | 37,908,596 | 2,930,218 | 115,218 | 92.56% | Passed |
| 2017 | 2017-06-14 | 24,799,277 | 576,471 | 109,454 | 97.31% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-06-17 | 97.37%a |
| 2025 | 2025-06-10 | 89.71%b |
| 2024 | 2024-06-11 | 94.45%c |
a. Approved under the standard stated in the filing — “Abstentions will have the same effect as voting against this proposal.”.
b. Approved under the standard stated in the filing — “Abstentions will have the same effect as voting against this proposal.”.
c. Approved under the standard stated in the filing — “Abstentions will have the same effect as voting against 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.
| Ratio (CEO : median employee) | — |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Christos RichardsIndependent · Nominating and Corporate Governance (Chair) · Strategy · Newly elected | $70,426 | $300,000 | $0 | $0 | — | $370,426 |
| Cynthia CollinsIndependent · Compensation · Newly elected | 53,278 | 300,000 | 0 | 0 | — | 353,278 |
| David V. SmithIndependent · Lead Independent Director · Audit (Chair) · Compensation (Chair) · Nominating and Corporate Governance · Strategy | 165,000 | 100,000 | 0 | 0 | — | 265,000 |
| Rahul SinghviIndependent · Compensation · Science and Technology | 80,000 | 100,000 | 0 | 0 | 25,000 | 205,000 |
| H. Stewart ParkerIndependent · Audit · Nominating and Corporate Governance · Strategy (Chair) | 95,000 | 100,000 | 0 | 0 | — | 195,000 |
| Dennis P. WolfIndependent · Compensation | 90,000 | 100,000 | 0 | 0 | — | 190,000 |
| Esther MartinboroughIndependent · Compensation · Science and Technology (Chair) · Strategy | 75,000 | 100,000 | 0 | 0 | — | 175,000 |
| Raymond De VroetIndependent · Audit · Science and Technology | 61,196 | 100,000 | 0 | 0 | 0 | 161,196 |
| Byron L. DorganIndependent · Nominating and Corporate Governance (Chair) · Not standing for re-election · Departed during FY | 26,786 | — | 0 | 0 | — | 26,786 |
| Alison MooreEmployee director | 0 | 0 | 0 | — | 0 | 0 |
| Stephen G. DillyEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $50,000 |
|---|---|
| Annual equity retainer | $100,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 30,000 / 30,000 / 15,000 |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $716,686 |
| Equity awards (grant-date value) | $1,200,000 |
| All other compensation | $25,000 |
| Total cost of the board | $1,941,686 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
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 | Codexis | 2025 | Alison Moore | $524,732 | $255,994 | $1,065,223 | $463,125 | $2,323,279 |
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.
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.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Alison Moore | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “2025 Summary Compensation Table” · page 27. As printed: 2,323,279. Filing ↗machine: r2 · c27 · span 319928–319937 |
| 2 | Section 01, Stephen Dilly | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “2025 Summary Compensation Table” · page 27. As printed: 2,194,601. Filing ↗machine: t64 · r8 · c27 · span 331888–331897 |
| 3 | Section 01, Georgia Erbez | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “2025 Summary Compensation Table” · page 27. As printed: 1,350,930. Filing ↗machine: r4 · c27 · span 324153–324162 |
| 4 | Section 01, Kevin Norrett | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “2025 Summary Compensation Table” · page 27. As printed: 1,333,906. Filing ↗machine: r10 · c27 · span 336173–336182 |
| 5 | Section 01, Stefan Lutz | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “2025 Summary Compensation Table” · page 27. As printed: 1,123,094. Filing ↗machine: r6 · c27 · span 328391–328400 |
| 6 | Section 03, Alison Moore OPTION | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t64 · r2 · c15 · span 319150–319159 |
| 7 | Section 03, Kevin Norrett PSU | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t64 · r10 · c11 · span 335139–335145 |
| 8 | Section 03, Georgia Erbez PSU | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t64 · r4 · c11 · span 323119–323126 |
| 9 | Section 03, Kevin Norrett OPTION | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t64 · r10 · c15 · span 335397–335403 |
| 10 | Section 03, Alison Moore PSU | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t64 · r2 · c11 · span 318891–318898 |
| 11 | Section 03, Stefan Lutz OPTION | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t64 · r6 · c15 · span 327615–327622 |
| 12 | Section 03, Stefan Lutz PSU | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t64 · r6 · c11 · span 327357–327363 |
| 13 | Section 03, Stephen Dilly PSU | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t64 · r8 · c11 · span 330853–330860 |
| 14 | Section 03, Stephen Dilly OPTION | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t64 · r8 · c15 · span 331112–331119 |
| 15 | Section 03, Georgia Erbez OPTION | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t64 · r4 · c15 · span 323378–323385 |
| 16 | Section 07, pay ratio | 10-K | 2026-03-11 | 0001200375-26-000006 | Section “CEO Pay Ratio”. As printed: —. Filing ↗ |
| 17 | Section 08, Christos Richards | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “Director Compensation”. As printed: 370,426. Filing ↗machine: t50 · r6 · c15 · span 262552–262559 |
| 18 | Section 08, Cynthia Collins | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “Director Compensation”. As printed: 353,278. Filing ↗machine: t50 · r10 · c15 · span 268030–268037 |
| 19 | Section 08, David V. Smith | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “Director Compensation”. As printed: 265,000. Filing ↗machine: t50 · r8 · c15 · span 265262–265269 |
| 20 | Section 08, Rahul Singhvi | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “Director Compensation”. As printed: 205,000. Filing ↗machine: t50 · r7 · c15 · span 263893–263900 |
| 21 | Section 08, H. Stewart Parker | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “Director Compensation”. As printed: 195,000. Filing ↗machine: t50 · r5 · c15 · span 261125–261132 |
| 22 | Section 08, Dennis P. Wolf | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “Director Compensation”. As printed: 190,000. Filing ↗machine: t50 · r9 · c15 · span 266605–266612 |
| 23 | Section 08, Esther Martinborough | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “Director Compensation”. As printed: 175,000. Filing ↗machine: t50 · r4 · c15 · span 259779–259786 |
| 24 | Section 08, Raymond De Vroet | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “Director Compensation”. As printed: 161,196. Filing ↗ |
| 25 | Section 08, Byron L. Dorgan | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “Director Compensation”. As printed: 26,786. Filing ↗machine: t50 · r3 · c3 · span 257591–257597 |
| 26 | Section 08, Alison Moore | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 27 | Section 08, Stephen G. Dilly | DEF 14A | 2026-04-28 | 0001193125-26-186994 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 28 | Section 02, De Vre Raymond 2026-06-11 | Form 4 | 2026-06-11 | 0001610717-26-000215 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 29 | Section 02, De Vre Raymond 2026-06-17 | Form 4 | 2026-06-18 | 0001610717-26-000239 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 30 | Section 02, Rahul Singhvi 2026-06-17 | Form 4 | 2026-06-18 | 0001610717-26-000268 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 31 | Section 02, H. Stewart Parker 2026-06-17 | Form 4 | 2026-06-18 | 0001610717-26-000273 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 32 | Section 02, Cynthia Collins 2026-06-17 | Form 4 | 2026-06-18 | 0001610717-26-000272 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 33 | Section 02, David V. Smith 2026-06-17 | Form 4 | 2026-06-18 | 0001610717-26-000270 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 34 | Section 02, Esther Martinborough 2026-06-17 | Form 4 | 2026-06-18 | 0001610717-26-000262 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 35 | Section 02, Christos Richards 2026-06-17 | Form 4 | 2026-06-18 | 0001610717-26-000271 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 36 | Section 02, Stephen George Dilly 2026-06-17 | Form 4 | 2026-06-18 | 0001610717-26-000240 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 37 | Section 06, 2026 vote | Form 8-K | 2026-06-22 | 0001193125-26-276602 | Item 5.07 · say-on-pay result. As reported: 97.37% (votes for as printed: 52,546,366). Filing ↗ |
| 38 | Section 06, 2025 vote | Form 8-K | 2025-06-11 | 0001193125-25-139123 | Item 5.07 · say-on-pay result. As reported: 89.71% (votes for as printed: 48,882,072). Filing ↗ |
| 39 | Section 06, 2024 vote | Form 8-K | 2024-06-13 | 0001193125-24-160693 | Item 5.07 · say-on-pay result. As reported: 94.45% (votes for as printed: 47,194,745). Filing ↗ |
| 40 | Section 03b vehicle mix (computed) | Computed | — | computed | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 41 | Section 09b board cost (computed) | Computed | — | computed | Cash 716,686 + equity 1,200,000 + all other 25,000 = 1,941,686, summed across the director compensation table rows.machine: formula: Σ = 1,941,686 |
| 42 | Codexis (subject), Section 10b CEO total | DEF 14A | 2026-04-28 | 0001193125-26-186994 | CEO total compensation as printed in Codexis's own proxy. As printed: 2,323,279. Filing ↗machine: r2 · c27 · span 319928–319937 |