Velarion · Company Intelligence
Compensation Brief
Fiscal year 2022 · Filings through 2026-07-29

Cerevel Therapeutics Holdings (CERE)

Fiscal year 2022 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.

$11,225,426
N. Anthony Coles total, FY2022
CEO pay percentile vs peers
35:1
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against CERE
5 companies name CERE as a compensation peer

Each company listed discloses CERE 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 CERE 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 2022

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
N. Anthony Coles$642,735$0$0$10,085,985$496,706$0$0$11,225,426
Chief Executive Officer and Chairperson of the Board of Directors
Raymond Sanchez498,120003,999,979288,711018,3004,805,110
Chief Medical Officer
John Renger482,052003,999,979279,398018,3004,779,729
Chief Scientific Officer
Abraham Ceesay511,651002,849,987296,553018,3003,676,491
President
Mark Bodenrader337,7120499,994587,480140,154018,3001,583,640
Interim Chief Financial Officer; Senior Vice President, Finance and Chief Accounting 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 officerFY2022 totalFY2021 totalFY2020 totalΔ FY20212022
N. Anthony Coles$11,225,426$8,108,335$2,741,999+3,117,091
Raymond Sanchez4,805,1103,416,2871,771,937+1,388,823
John Renger4,779,7293,093,7501,845,075+1,685,979
Abraham Ceesay3,676,4915,276,631−1,600,140
Mark Bodenrader1,583,6401,312,994+270,646

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 2022

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Mark BodenraderRSU2022-06-0118,932$499,994
Mark BodenraderOPTION2022-02-0924,800587,480
N. AnthonyOPTION2022-02-09425,77210,085,985
Raymond SanchezOPTION2022-02-09168,8563,999,979
John RengerOPTION2022-02-09168,8563,999,979
Abraham CeesayOPTION2022-02-09120,3102,849,987
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Mark Bodenrader$499,994$0$587,4800.0%
N. Anthony0010,085,9850.0%
Raymond Sanchez003,999,9790.0%
John Renger003,999,9790.0%
Abraham Ceesay002,849,9870.0%

% 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 2022

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Mark BodenraderRSU18,932$597,115
N. Anthony ColesOption425,77230.36
Raymond SanchezOption168,85630.36
Raymond SanchezOption11,6353.5
John RengerOption58,9019.88
John RengerOption13,35810.28
N. Anthony ColesOption396,88812.7
N. Anthony ColesOption98,1689.88
Mark BodenraderOption24,80030.36
Mark BodenraderOption32,7239.88
Mark BodenraderOption10,9073.5
Raymond SanchezOption150,92912.7
Raymond SanchezOption65,4459.88
Raymond SanchezOption3,87810.28
John RengerOption134,16012.7
John RengerOption40,0733.5
Abraham CeesayOption120,31030.36
Abraham CeesayOption288,16613.17
Mark BodenraderOption48,75012.7
John RengerOption168,85630.36
Mark BodenraderOption3,63610.28
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation programs are designed to motivate, retain and reward high-performing executives for their long-term value creation for the Company. While we consider several factors in our pay structure, we are guided by the following core philosophies and principles: Mission and Patient Focused, Pay for Performance, Alignment with Stockholders, Simplicity and Transparency, Program Consistency.

CEO STI target (% of salary)60%
CEO LTI target (% of salary)
Independent consultantPay Governance LLC
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
07

CEO pay ratio

Ratio (CEO : median employee)35 : 1
CEO total compensation$11,225,426
Median employee compensation
08

Director compensation — fiscal year 2022

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Norbert Riedel, Ph.DIndependent · Lead Independent Director · Audit · Science and Technology (Chair)$134,582$0$427,984$0$562,566
Gabrielle Sulzberger, J.D., M.B.AIndependent · Audit (Chair) · Nominating/Governance82,9990427,9840510,983
Marijn Dekkers, Ph.DIndependent · Compensation · Nominating/Governance71,3330427,9840499,317
Christopher Gordon, M.B.AIndependent · Nominating/Governance (Chair)69,1660427,9840497,150
Doug Giordano, M.B.AIndependent · Audit · Compensation (Chair)69,1660427,9840497,150
Adam Koppel, M.D., Ph.DIndependent · Compensation · Science and Technology65,0000427,9840492,984
Deval Patrick, J.DIndependent · Compensation57,5000427,9840485,484
Ruth McKernan, Ph.D., CBE, FMedSciIndependent · Science and Technology57,5000427,9840485,484
Suneet Varma, M.B.ANot independent · Science and Technology · Newly elected00000
Morris Birnbaum, M.D., Ph.DNot independent · Departed during FY00000
Deborah Baron, M.B.AIndependent · Nominating/Governance00000
N. Anthony Coles, M.DEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer$428,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)15,000 / 15,000 / 15,000
Stock ownership guideline3x annual cash retainer
09b

Total cost of the board

ComponentFY2022
Cash retainers and fees$607,246
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$607,246

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

10

Disclosed peer group — fiscal year 2022

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 Cerevel Therapeutics Holdings 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 Cerevel Therapeutics Holdings.

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
1BridgeBio Pharma2025Neil Kumar$1,044,000$10,606,275$1,874,992$0$14,944,585
2Neurocrine Biosciences2025Kyle Gano920,0005,750,0235,750,006013,448,935
3Cerevel Therapeutics Holdings2022N. Anthony Coles642,735010,085,985496,70611,225,426
4Karuna Therapeutics2022Steven Paul700,00009,905,953609,00011,224,103
5Axsome Therapeutics2025Herriot Tabuteau835,0005,533,5542,833,237876,75010,283,492
6Arcus Biosciences2025Terry Rosen775,0002,199,4506,008,860658,7509,656,813
7Sage Therapeutics2024Barry Greene830,7123,164,3642,669,263431,9707,112,589
8Arvinas2025John Houston706,2362,685,8402,671,051457,0006,534,127
9Allogene Therapeutics2025David Chang724,0002,409,5372,588,329400,0106,136,093
10Replimune Group2026Sushil Patel700,0003,376,0031,448,325315,0005,845,982
11Zymeworks2024Kenneth Galbraith654,8332,112,0001,985,672361,6525,253,616
12Intellia Therapeutics2025John Leonard708,0002,443,9201,356,32005,063,899
13Denali Therapeutics2025Ryan Watts718,0001,151,8672,180,00304,751,515
14Fate Therapeutics2025Bahram Valamehr600,00001,283,868360,0002,248,568
15Alector2025Arnon Rosenthal678,100422,876558,216325,4881,995,018

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
Cerevel Therapeutics Holdings128.8%Options 100not disclosedPay Governance LLC
Alector80%not disclosednot disclosedPearl Meyer & Partners, LLC
Allogene Therapeutics85%Options 55 · RSU 25 · PSU 20NoCompensia
Arcus Biosciences100%Options 67 · RSU 33not disclosedRadford
Arvinas108%Options 50 · RSU 50not disclosedAon (Aon's Human Capital Solutions practice, a division of Aon plc)
Axsome Therapeutics150%RSU 33 · Options 33 · PSU 33NoFrederic W. Cook & Co., Inc.
BridgeBio Pharma135%RSU 50 · PSU 35 · Options 15NoAon Talent Solutions
Denali Therapeutics145%not disclosednot disclosedAlpine Rewards
Fate Therapeutics100%Options 100NoAon's Human Capital Solutions practice (Radford)
Intellia Therapeutics115%Options 40 · RSU 40 · PSU 20Yes — TSR relative to the Nasdaq Biotechnology IndexAlpine Rewards, LLC
Karuna Therapeutics145%Options 100not disclosedAon plc (Human Capital Solutions practice)
Neurocrine Biosciences105%Options 50 · PSU 30 · RSU 20NoFrederic W. Cook & Co., Inc.
Replimune Groupnot disclosednot disclosedNoPearl Meyer
Sage Therapeutics80%not disclosedYes — TSR milestones / Relative TSR vs. Nasdaq Biotechnology IndexAlpine Rewards
Zymeworksnot disclosedOptions 50 · RSU 50not disclosedAon plc (Human Capital Solutions practice)

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, N. Anthony ColesDEF 14A2023-04-280000950170-23-015766Section “Summary Compensation Table” · page 33. As printed: 11,225,426. Filing ↗machine: t23 · r2 · c29 · span 1010006–1010016
2Section 01, Raymond SanchezDEF 14A2023-04-280000950170-23-015766Section “Summary Compensation Table” · page 33. As printed: 4,805,110. Filing ↗machine: t23 · r10 · c29 · span 1103210–1103219
3Section 01, John RengerDEF 14A2023-04-280000950170-23-015766Section “Summary Compensation Table” · page 33. As printed: 4,779,729. Filing ↗machine: t23 · r13 · c29 · span 1141102–1141111
4Section 01, Abraham CeesayDEF 14A2023-04-280000950170-23-015766Section “Summary Compensation Table” · page 33. As printed: 3,676,491. Filing ↗machine: t23 · r16 · c29 · span 1178948–1178957
5Section 01, Mark BodenraderDEF 14A2023-04-280000950170-23-015766Section “Summary Compensation Table” · page 33. As printed: 1,583,640. Filing ↗machine: t23 · r5 · c29 · span 1048197–1048206
6Section 03, Mark Bodenrader RSUDEF 14A2023-04-280000950170-23-015766Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t24 · r7 · c14 · span 1277372–1277378
7Section 03, Mark Bodenrader OPTIONDEF 14A2023-04-280000950170-23-015766Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t24 · r6 · c18 · span 1267635–1267641
8Section 03, N. Anthony OPTIONDEF 14A2023-04-280000950170-23-015766Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t24 · r4 · c18 · span 1244551–1244558
9Section 03, Raymond Sanchez OPTIONDEF 14A2023-04-280000950170-23-015766Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t24 · r9 · c18 · span 1302066–1302073
10Section 03, John Renger OPTIONDEF 14A2023-04-280000950170-23-015766Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t24 · r11 · c18 · span 1325152–1325159
11Section 03, Abraham Ceesay OPTIONDEF 14A2023-04-280000950170-23-015766Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t24 · r13 · c18 · span 1348242–1348249
12Section 07, pay ratioDEF 14A0000950170-23-015766Section “CEO Pay Ratio”. As printed: 35 : 1.machine: t5 · r47 · c1 · span 149425–149427
13Section 08, Norbert Riedel, Ph.DDEF 14A2023-04-280000950170-23-015766Section “Director Compensation”. As printed: 562,566. Filing ↗machine: t34 · r10 · c12 · span 2179216–2179223
14Section 08, Gabrielle Sulzberger, J.D., M.B.ADEF 14A2023-04-280000950170-23-015766Section “Director Compensation”. As printed: 510,983. Filing ↗machine: t34 · r11 · c12 · span 2185118–2185125
15Section 08, Marijn Dekkers, Ph.DDEF 14A2023-04-280000950170-23-015766Section “Director Compensation”. As printed: 499,317. Filing ↗machine: t34 · r4 · c12 · span 2143862–2143869
16Section 08, Christopher Gordon, M.B.ADEF 14A2023-04-280000950170-23-015766Section “Director Compensation”. As printed: 497,150. Filing ↗machine: t34 · r6 · c12 · span 2155645–2155652
17Section 08, Doug Giordano, M.B.ADEF 14A2023-04-280000950170-23-015766Section “Director Compensation”. As printed: 497,150. Filing ↗machine: t34 · r5 · c12 · span 2149751–2149758
18Section 08, Adam Koppel, M.D., Ph.DDEF 14A2023-04-280000950170-23-015766Section “Director Compensation”. As printed: 492,984. Filing ↗machine: t34 · r7 · c12 · span 2161537–2161544
19Section 08, Deval Patrick, J.DDEF 14A2023-04-280000950170-23-015766Section “Director Compensation”. As printed: 485,484. Filing ↗machine: t34 · r9 · c12 · span 2173326–2173333
20Section 08, Ruth McKernan, Ph.D., CBE, FMedSciDEF 14A2023-04-280000950170-23-015766Section “Director Compensation”. As printed: 485,484. Filing ↗machine: t34 · r8 · c12 · span 2167439–2167446
21Section 08, Suneet Varma, M.B.ADEF 14A2023-04-280000950170-23-015766Section “Director Compensation”. As printed: 0. Filing ↗
22Section 08, Morris Birnbaum, M.D., Ph.DDEF 14A2023-04-280000950170-23-015766Section “Director Compensation”. As printed: 0. Filing ↗
23Section 08, Deborah Baron, M.B.ADEF 14A2023-04-280000950170-23-015766Section “Director Compensation”. As printed: 0. Filing ↗
24Section 08, N. Anthony Coles, M.DDEF 14A2023-04-280000950170-23-015766Section “Director Compensation”. As printed: 0. Filing ↗
25Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
26Section 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
27Section 09b board cost (computed)ComputedcomputedCash 607,246 + equity 0 + all other 0 = 607,246, summed across the director compensation table rows.machine: formula: Σ = 607,246
28BridgeBio Pharma, Section 10b CEO totalDEF 14A2026-04-240001140361-26-016723CEO total compensation as printed in BridgeBio Pharma's own proxy. As printed: 14,944,585. Filing ↗machine: r2 · c21 · span 527521–527531
29Neurocrine Biosciences, Section 10b CEO totalDEF 14A2026-04-150000914475-26-000015CEO total compensation as printed in Neurocrine Biosciences's own proxy. As printed: 13,448,935. Filing ↗machine: t50 · r4 · c7 · span 847947–847957
30Cerevel Therapeutics Holdings (subject), Section 10b CEO totalDEF 14A2023-04-280000950170-23-015766CEO total compensation as printed in Cerevel Therapeutics Holdings's own proxy. As printed: 11,225,426. Filing ↗machine: t23 · r2 · c29 · span 1010006–1010016
31Karuna Therapeutics, Section 10b CEO totalDEF 14A2023-04-270000950170-23-014979CEO total compensation as printed in Karuna Therapeutics's own proxy. As printed: 11,224,103. Filing ↗machine: r2 · c25 · span 856684–856694
32Axsome Therapeutics, Section 10b CEO totalDEF 14A2026-04-240001193125-26-177610CEO total compensation as printed in Axsome Therapeutics's own proxy. As printed: 10,283,492. Filing ↗machine: t51 · r2 · c27 · span 900236–900246
33Arcus Biosciences, Section 10b CEO totalDEF 14A2026-04-210001724521-26-000025CEO total compensation as printed in Arcus Biosciences's own proxy. As printed: 9,656,813. Filing ↗machine: r2 · c48 · span 403740–403749
34Sage Therapeutics, Section 10b CEO totalDEF 14A2025-04-240000950170-25-058060CEO total compensation as printed in Sage Therapeutics's own proxy. As printed: 7,112,589. Filing ↗machine: r4 · c28 · span 1143784–1143793
35Arvinas, Section 10b CEO totalDEF 14A2026-04-290001628280-26-028156CEO total compensation as printed in Arvinas's own proxy. As printed: 6,534,127. Filing ↗machine: t20 · r3 · c22 · span 471921–471930
36Allogene Therapeutics, Section 10b CEO totalDEF 14A2026-04-300001628280-26-028948CEO total compensation as printed in Allogene Therapeutics's own proxy. As printed: 6,136,093. Filing ↗machine: r2 · c54 · span 451014–451023
37Replimune Group, Section 10b CEO totalDEF 14A2026-07-290001104659-26-087650CEO total compensation as printed in Replimune Group's own proxy. As printed: 5,845,982. Filing ↗machine: r1 · c41 · span 430765–430774
38Zymeworks, Section 10b CEO totalDEF 14A2025-11-100001193125-25-274338CEO total compensation as printed in Zymeworks's own proxy. As printed: 5,253,616. Filing ↗machine: r2 · c30 · span 541437–541446
39Intellia Therapeutics, Section 10b CEO totalDEF 14A2026-04-300001193125-26-197283CEO total compensation as printed in Intellia Therapeutics's own proxy. As printed: 5,063,899. Filing ↗machine: r2 · c25 · span 749290–749299
40Denali Therapeutics, Section 10b CEO totalDEF 14A2026-04-210001714899-26-000054CEO total compensation as printed in Denali Therapeutics's own proxy. As printed: 4,751,515. Filing ↗machine: t25 · r2 · c25 · span 469605–469614
41Fate Therapeutics, Section 10b CEO totalDEF 14A2026-04-240001193125-26-177094CEO total compensation as printed in Fate Therapeutics's own proxy. As printed: 2,248,568. Filing ↗machine: r2 · c31 · span 391551–391560
42Alector, Section 10b CEO totalDEF 14A2026-04-280001193125-26-186928CEO total compensation as printed in Alector's own proxy. As printed: 1,995,018. Filing ↗machine: span 1038665–1038674
43Section 10a, Karuna Therapeutics reciprocityDEF 14A0000950170-23-014979Karuna Therapeutics names Cerevel Therapeutics Holdings in its own disclosed peer group (read from its most recent proxy). Filing ↗
44Section 10a, Sage Therapeutics reciprocityDEF 14A0000950170-25-058060Sage Therapeutics names Cerevel Therapeutics Holdings in its own disclosed peer group (read from its most recent proxy). Filing ↗
45Section 10a, Neurocrine Biosciences reciprocityDEF 14A0000914475-26-000015Neurocrine Biosciences's most recent proxy was read; its disclosed peer group does not include Cerevel Therapeutics Holdings. Filing ↗
46Section 10a, Allogene Therapeutics reciprocityDEF 14A0001628280-26-028948Allogene Therapeutics's most recent proxy was read; its disclosed peer group does not include Cerevel Therapeutics Holdings. Filing ↗
47Section 10a, Arvinas reciprocityDEF 14A0001628280-26-028156Arvinas's most recent proxy was read; its disclosed peer group does not include Cerevel Therapeutics Holdings. Filing ↗
48Section 10a, Axsome Therapeutics reciprocityDEF 14A0001193125-26-177610Axsome Therapeutics's most recent proxy was read; its disclosed peer group does not include Cerevel Therapeutics Holdings. Filing ↗
49Section 10a, Intellia Therapeutics reciprocityDEF 14A0001193125-26-197283Intellia Therapeutics's most recent proxy was read; its disclosed peer group does not include Cerevel Therapeutics Holdings. Filing ↗
50Section 10a, Denali Therapeutics reciprocityDEF 14A0001714899-26-000054Denali Therapeutics's most recent proxy was read; its disclosed peer group does not include Cerevel Therapeutics Holdings. Filing ↗
51Section 10a, Alector reciprocityDEF 14A0001193125-26-186928Alector's most recent proxy was read; its disclosed peer group does not include Cerevel Therapeutics Holdings. Filing ↗
52Section 10a, BridgeBio Pharma reciprocityDEF 14A0001140361-26-016723BridgeBio Pharma's most recent proxy was read; its disclosed peer group does not include Cerevel Therapeutics Holdings. Filing ↗