Companies CVRx, Inc.
CVRx (CVRX): executive pay, fiscal 2025
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CEO pay, last three years
- $8,756,626FY2024
- $3,905,801FY2025
CEO total pay was $3,905,801 in fiscal 2025, down from $8,756,626 in fiscal 2024.
FY2025: salary $660,533 · bonus $0 · stock awards $1,270,080 · option awards $1,516,896
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Kevin Hykes | $660,533 | $0 | $1,270,080 | $1,516,896 | $444,492 | $0 | $13,800 | $3,905,801 |
| President and Chief Executive Officer | ||||||||
| Robert John | 485,313 | 0 | 712,800 | 389,473 | 160,998 | 0 | 13,800 | 1,762,384 |
| Chief Revenue Officer | ||||||||
| Philip Adamson | 549,539 | 0 | 259,200 | 307,479 | 231,125 | 0 | 13,800 | 1,361,143 |
| 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 officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Kevin Hykes | $3,905,801 | $8,756,626 | — | ↓ −4,850,825 |
| Robert John | 1,762,384 | 1,487,502 | — | ↑ +274,882 |
| Philip Adamson | 1,361,143 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
| CEO STI target (% of salary) | NaN% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Aon |
| Clawback policy | — |
| Anti-hedging | The policy prohibits short-sales, transactions in put or call options or other derivative transactions, hedging transactions or other inherently speculative transactions in CVRx stock. |
| Anti-pledging | The policy prohibits pledging CVRx stock in any circumstance, including by purchasing CVRx stock on margin or holding CVRx stock in a margin account. |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Philip Adamson | RSU | 20,000 | — | $142,000 |
| Philip Adamson | Option | 50,000 | 12.96 | — |
| Robert John | RSU | 55,000 | — | 390,500 |
| Robert John | Option | 76,370 | 11.7 | — |
| Robert John | Option | 93,000 | 12.96 | — |
| Kevin Hykes | RSU | 98,000 | — | 695,800 |
| Philip Adamson | Option | 114,918 | 7.82 | — |
| Kevin Hykes | Option | 116,250 | 8.55 | — |
| Kevin Hykes | Option | 195,000 | 23.61 | — |
| Kevin Hykes | Option | 246,000 | 12.96 | — |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Joseph SlatteryIndependent · Audit · Compensation | $105,000 | $0 | $105,492 | — | $0 | $210,492 |
| Mudit JainIndependent · Compensation (Chair) · Nominating and Corporate Governance | 65,000 | 0 | 105,492 | — | 0 | 170,492 |
| Kirk NielsenIndependent · Nominating and Corporate Governance (Chair) | 63,500 | 0 | 105,492 | — | 0 | 168,992 |
| Mitch HillIndependent · Audit (Chair) · Compensation | 62,500 | 0 | 105,492 | — | 0 | 167,992 |
| Martha ShadanIndependent · Audit | 52,875 | 0 | 105,492 | — | 0 | 158,367 |
| Kevin BallingerIndependent · Compensation · Nominating and Corporate Governance | 51,125 | 0 | 105,492 | — | 0 | 156,617 |
| Kevin HykesEmployee director | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $45,000 |
|---|---|
| Annual equity retainer | $130,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 15,000 / 10,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $400,000 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $400,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names CVRx as a peer
Companies that benchmark against CVRX
3 companies name CVRX as a compensation peer
- Apyx Medical CorpAPYXFY2025
- KESTRA MEDICAL TECHNOLOGIES, LTD.KMTSFY2026
- Orchestra BioMed Holdings, Inc.OBIOFY2025
- Pulmonx CorpLUNGFY2025
- Sight Sciences, Inc.SGHTFY2025
Each company listed discloses CVRX 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 CVRX in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | CVRx, Inc. | 2025 | Kevin Hykes | $660,533 | $1,270,080 | $1,516,896 | $444,492 | $3,905,801 |
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.
Say-on-pay history and pay ratio
No say-on-pay vote is on file for this company.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (13 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Kevin Hykes. DEF 14A, filed 2026-04-20. Section “Executive Compensation”. As printed: 3,905,801. View filing ↗
- Section 01, Robert John. DEF 14A, filed 2026-04-20. Section “Executive Compensation”. As printed: 1,762,384. View filing ↗
- Section 01, Philip Adamson. DEF 14A, filed 2026-04-20. Section “Executive Compensation”. As printed: 1,361,143. View filing ↗
- Section 08, Joseph Slattery. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 210,492. View filing ↗
- Section 08, Mudit Jain. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 170,492. View filing ↗
- Section 08, Kirk Nielsen. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 168,992. View filing ↗
- Section 08, Mitch Hill. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 167,992. View filing ↗
- Section 08, Martha Shadan. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 158,367. View filing ↗
- Section 08, Kevin Ballinger. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 156,617. View filing ↗
- Section 08, Kevin Hykes. DEF 14A, filed 2026-04-20. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 400,000 + equity 0 + all other 0 = 400,000, summed across the director compensation table rows.
- CVRx, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-20. CEO total compensation as printed in CVRx, Inc.'s own proxy. As printed: 3,905,801. View filing ↗