Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2025-04-29

Cargo Therapeutics (CRGX)

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.

$9,300,120
Gina Chapman total, FY2024
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against CRGX
2 companies name CRGX as a compensation peer

Each company listed discloses CRGX 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 CRGX 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
Gina Chapman$630,800$150,000$0$8,155,520$363,800$0$0$9,300,120
President and Chief Executive Officer
Anup Radhakrishnan456,737003,289,328229,200003,975,265
Chief Financial Officer and Chief Operating Officer
Ginna Laport505,80050,00002,038,880202,000002,796,680
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 officerFY2024 totalFY2023 totalFY2022 totalΔ FY20232024
Gina Chapman$9,300,120$4,992,389+4,307,731
Anup Radhakrishnan3,975,2652,507,519+1,467,746
Ginna Laport2,796,6802,306,684+489,996

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
Gina ChapmanRSA2022-06-24103,905
Gina ChapmanOPTION2024-02-01400,000
Anup RadhakrishnanOPTION2024-11-1240,000
Gina ChapmanOPTION2023-04-211,043,659
Ginna LaportOPTION2024-02-01100,000
Anup RadhakrishnanOPTION2024-02-01130,000
03b

Vehicle mix — grant-date fair value by award type

Grant-level vehicle detail not disclosed.

% 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
Anup RadhakrishnanOption8,6351.09
Anup RadhakrishnanOption72,91715
Gina ChapmanRSU36,800530,656
Gina ChapmanOption303,1475.03
Gina ChapmanOption109,2085.03
Gina ChapmanOption223,0585.03
Anup RadhakrishnanOption29,6735.03
Anup RadhakrishnanOption4,1569.5
Anup RadhakrishnanOption23,5865.03
Anup RadhakrishnanOption48,5035.03
Ginna LaportOption135,7319.5
Ginna LaportOption77,08425.07
Anup RadhakrishnanOption100,20925.07
Gina ChapmanOption308,33425.07
Anup RadhakrishnanOption38,33321.14
05

Incentive-plan design — the Compensation Discussion & Analysis

We seek to ensure the total compensation paid to our executive officers is reasonable and competitive. Compensation of our executives is structured around the achievement of individual performance and near-term corporate targets as well as long-term business objectives.

CEO STI target (% of salary)55%
CEO LTI target (% of salary)
Independent consultantAlpine Rewards, LLC
Clawback policytrue
Anti-hedgingfalse
Anti-pledgingfalse
08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Kapil DhingraIndependent · Nominating/Governance · Research and Development (Chair) · Newly elected$39,411$0$887,637$0$927,048
Jane Pritchett HendersonIndependent · Audit · Compensation · Newly elected30,1440835,3920865,536
John OrwinIndependent · Board Chair · Compensation (Chair)83,1940331,5240414,717
Krishnan ViswanadhanIndependent · Audit · Nominating/Governance (Chair) · Research and Development60,3740331,5240391,897
David C. LubnerIndependent · Audit (Chair) · Compensation60,0000331,5240391,524
Reid HuberIndependent · Nominating/Governance46,6290331,5240378,153
Abraham BassanIndependent40,0000331,5240371,524
09

Board fee structure and ownership guideline

Annual cash retainer$40,000
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)15,000 / 10,000 / 9,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$359,752
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$359,752

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

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
1Cargo Therapeutics2024Gina Chapman$630,800$0$8,155,520$363,800$9,300,120

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.

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, Gina ChapmanDEF 14A2025-04-290001193125-25-103786Section “2024 Summary Compensation Table”. As printed: 9,300,120. Filing ↗machine: r2 · c31 · span 289578–289587
2Section 01, Anup RadhakrishnanDEF 14A2025-04-290001193125-25-103786Section “2024 Summary Compensation Table”. As printed: 3,975,265. Filing ↗machine: r4 · c31 · span 294404–294413
3Section 01, Ginna LaportDEF 14A2025-04-290001193125-25-103786Section “2024 Summary Compensation Table”. As printed: 2,796,680. Filing ↗machine: r6 · c31 · span 299243–299252
4Section 03, Gina Chapman RSADEF 14A2025-04-290001193125-25-103786Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: span 352641–352648
5Section 03, Gina Chapman OPTIONDEF 14A2025-04-290001193125-25-103786Section “DIRECTOR COMPENSATION” · grants of plan-based awards table. Filing ↗machine: span 250732–250739
6Section 03, Anup Radhakrishnan OPTIONDEF 14A0001193125-25-103786Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
7Section 03, Gina Chapman OPTIONDEF 14A2025-04-290001193125-25-103786Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: span 356533–356542
8Section 03, Ginna Laport OPTIONDEF 14A0001193125-25-103786Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
9Section 03, Anup Radhakrishnan OPTIONDEF 14A2025-04-290001193125-25-103786Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: span 308441–308448
10Section 08, Kapil DhingraDEF 14A2025-04-290001193125-25-103786Section “Director Compensation”. As printed: 927,048. Filing ↗machine: t89 · r4 · c15 · span 259029–259036
11Section 08, Jane Pritchett HendersonDEF 14A2025-04-290001193125-25-103786Section “Director Compensation”. As printed: 865,536. Filing ↗machine: t89 · r5 · c15 · span 260438–260445
12Section 08, John OrwinDEF 14A2025-04-290001193125-25-103786Section “Director Compensation”. As printed: 414,717. Filing ↗machine: t89 · r2 · c15 · span 256263–256270
13Section 08, Krishnan ViswanadhanDEF 14A2025-04-290001193125-25-103786Section “Director Compensation”. As printed: 391,897. Filing ↗machine: t89 · r8 · c15 · span 264537–264544
14Section 08, David C. LubnerDEF 14A2025-04-290001193125-25-103786Section “Director Compensation”. As printed: 391,524. Filing ↗machine: t89 · r7 · c15 · span 263153–263160
15Section 08, Reid HuberDEF 14A2025-04-290001193125-25-103786Section “Director Compensation”. As printed: 378,153. Filing ↗machine: t89 · r6 · c15 · span 261809–261816
16Section 08, Abraham BassanDEF 14A2025-04-290001193125-25-103786Section “Director Compensation”. As printed: 371,524. Filing ↗machine: t89 · r3 · c15 · span 257606–257613
17Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
18Section 09b board cost (computed)ComputedcomputedCash 359,752 + equity 0 + all other 0 = 359,752, summed across the director compensation table rows.machine: formula: Σ = 359,752
19Cargo Therapeutics (subject), Section 10b CEO totalDEF 14A2025-04-290001193125-25-103786CEO total compensation as printed in Cargo Therapeutics's own proxy. As printed: 9,300,120. Filing ↗machine: r2 · c31 · span 289578–289587