Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-29

Dianthus Therapeutics (DNTH)

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.

$10,614,702
Marino Garcia total, FY2025
99th
CEO pay percentile vs peers
CEO-to-median pay ratio
95.99%
Say-on-pay support, latest vote
Companies that benchmark against DNTH
4 companies name DNTH as a compensation peer

Each company listed discloses DNTH 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 DNTH 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 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Marino Garcia$630,000$0$0$9,450,952$519,750$0$14,000$10,614,702
Director, President and Chief Executive Officer
Simrat Randhawa530,555004,288,857388,125014,0005,221,537
Executive Vice President, Head of Research and Development
Ryan Savitz482,560004,288,857289,536014,0005,074,953
Executive Vice President, Chief Financial Officer, Chief Business Officer and Treasurer

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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Marino Garcia$10,614,702$8,843,300+1,771,402
Simrat Randhawa5,221,5374,035,266+1,186,271
Ryan Savitz5,074,9534,002,145+1,072,808

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.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Ryan SavitzOption115,62522.07
Marino GarciaOption143,23317.88
Marino GarciaOption112,50039.95
Marino GarciaOption146,82221.77
Marino GarciaOption262,08722.07
Ryan SavitzOption62,50017.88
Ryan SavitzOption15,5998.44
Ryan SavitzOption60,42321.77
Ryan SavitzOption56,25037.87
Simrat RandhawaOption7,9978.44
Simrat RandhawaOption62,50017.88
Simrat RandhawaOption60,42321.77
Simrat RandhawaOption115,62522.07
Simrat RandhawaOption56,25037.87
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company targets a general competitive position, based on independent third-party benchmark analytics, to inform the mix of compensation of base salary, annual incentives, or long-term incentives. The Compensation Committee considers market compensation for comparable positions, historical compensation levels, internal equity, individual performance, and the desire to motivate employees to achieve short- and long-term results in the best interests of stockholders.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantAlpine Rewards, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-2141,004,5071,713,043500,96495.99%Passed
20252025-05-2222,132,0313,684,7979,12985.73%Passed
20242024-05-2322,996,75926,8228,36099.88%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.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2195.99%a
20252025-05-2285.73%b
20242024-05-2399.88%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

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.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Sujay KangoIndependent · Compensation · Newly elected$37,950$380,910$418,860
Simon ReadIndependent30,357351,952382,309
Simon Read, Ph.DIndependent · Nominating and Corporate Governance · Science and Technology30,357351,952382,309
Alison F. LawtonIndependent · Board Chair · Audit · Nominating and Corporate Governance (Chair)87,311172,476259,787
Anne McGeorgeIndependent · Audit (Chair) · Nominating and Corporate Governance59,906172,476232,382
Paula SoteropoulosIndependent · Audit · Compensation (Chair)59,311172,476231,787
Steven Romano, M.DIndependent · Compensation · Science and Technology (Chair)53,171172,476225,647
Jonathan Violin, Ph.DIndependent · Science and Technology45,000172,476217,476
Jonathan ViolinIndependent45,000172,476217,476
Leon O. Moulder JrIndependent · Departed during FY19,847019,847
Tomas KiselakIndependent · Departed during FY9,30309,303
Marino GarciaEmployee director0
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 / 12,000 / 10,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$477,513
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$477,513

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

10

Disclosed peer group — fiscal year 2025

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 Dianthus Therapeutics 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 Dianthus Therapeutics.

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
1Stoke Therapeutics, Inc.2025Ian Smith$170,625$11,590,000$14,035,067$0$27,031,655
2Dianthus Therapeutics2025Marino Garcia630,00009,450,952519,75010,614,702
3Disc Medicine, Inc.2025John Quisel695,0004,285,8174,441,046554,2639,986,626
4Kymera Therapeutics, Inc.2025Nello Mainolfi693,00007,318,859519,7508,545,609
5Structure Therapeutics Inc.2025Raymond Stevens672,0942,387,9964,846,926508,8718,429,887
6Vera Therapeutics, Inc.2025Marshall Fordyce660,0002,356,2853,415,725554,4006,986,410
7Spyre Therapeutics, Inc.2025Cameron Turtle665,00005,552,886475,4756,707,361
8Astria Therapeutics, Inc.2024Jill Milne637,86805,637,078318,9346,604,416
9Anaptysbio, Inc2025Daniel Faga706,0111,592,0013,345,653465,9686,133,943
10Aura Biosciences, Inc.2025Elisabet de los Pinos645,4831,492,3781,513,293284,0133,956,167
11Annexon, Inc.2025Douglas Love670,83302,522,260371,2503,579,202
12Inozyme Pharma, Inc.2024Douglas Treco541,66701,933,37502,485,392
13Cabaletta Bio, Inc.2025Steven Nichtberger659,55001,266,978446,9822,401,555
14Dyne Therapeutics, Inc.2025John Cox721,0000937,893410,9702,076,868
15Longboard Pharmaceuticals, Inc.2023Kevin Lind610,0000986,934442,8602,053,804
164D Molecular Therapeutics, Inc.2025David Kirn667,2520822,750560,5972,051,343
17Kyverna Therapeutics, Inc.2025Warner Biddle625,0000543,804468,7501,814,980
Apogee Therapeutics, Inc.not in coverage universe
Pepgen Inc.not in coverage universe
Edgewise Therapeutics, 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
Dianthus Therapeuticsnot disclosedOption 100not disclosedAlpine Rewards, LLC
4D Molecular Therapeutics, Inc.140%Options 100not disclosedRadford (part of the Rewards Solutions practice at Aon plc)
Anaptysbio, Inc110%not disclosedNoAlpine Rewards
Annexon, Inc.not disclosednot disclosednot disclosednot disclosed
Apogee Therapeutics, Inc.not disclosednot disclosednot disclosednot disclosed
Astria Therapeutics, Inc.not disclosedOptions 100not disclosedAon
Aura Biosciences, Inc.not disclosednot disclosednot disclosedPay Governance
Cabaletta Bio, Inc.114.49%Options 100not disclosedAon
Disc Medicine, Inc.145%RSU 50 · Options 50not disclosedPearl Meyer
Dyne Therapeutics, Inc.95%not disclosednot disclosedAlpine Rewards, LLC
Edgewise Therapeutics, Inc.not disclosednot disclosednot disclosednot disclosed
Inozyme Pharma, Inc.not disclosednot disclosednot disclosedAlpine Rewards
Kymera Therapeutics, Inc.125%not disclosedNoAlpine Rewards
Kyverna Therapeutics, Inc.not disclosedOption 100not disclosedAon plc
Longboard Pharmaceuticals, Inc.not disclosednot disclosednot disclosednot disclosed
Pepgen Inc.not disclosednot disclosednot disclosednot disclosed
Spyre Therapeutics, Inc.130%Options 100not disclosedAlpine Rewards
Stoke Therapeutics, Inc.not disclosednot disclosednot disclosedAon
Structure Therapeutics Inc.125%Options 67 · RSU 33NoAon
Vera Therapeutics, Inc.140%RSU 50 · Options 50not disclosedAlpine Rewards

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, Marino GarciaDEF 14A2026-04-090001690585-26-000012Section “Executive Compensation”. As printed: 10,614,702. Filing ↗machine: r2 · c25 · span 382326–382336
2Section 01, Simrat RandhawaDEF 14A2026-04-090001690585-26-000012Section “Executive Compensation”. As printed: 5,221,537. Filing ↗machine: r6 · c25 · span 420444–420453
3Section 01, Ryan SavitzDEF 14A2026-04-090001690585-26-000012Section “Executive Compensation”. As printed: 5,074,953. Filing ↗machine: r4 · c25 · span 401356–401365
4Section 08, Sujay KangoDEF 14A2026-04-090001690585-26-000012Section “Director Compensation”. As printed: 418,860. Filing ↗
5Section 08, Simon ReadDEF 14A2026-04-090001690585-26-000012Section “Director Compensation”. As printed: 382,309. Filing ↗
6Section 08, Simon Read, Ph.DDEF 14A2026-04-090001690585-26-000012Section “Director Compensation”. As printed: 382,309. Filing ↗
7Section 08, Alison F. LawtonDEF 14A2026-04-090001690585-26-000012Section “Director Compensation”. As printed: 259,787. Filing ↗
8Section 08, Anne McGeorgeDEF 14A2026-04-090001690585-26-000012Section “Director Compensation”. As printed: 232,382. Filing ↗
9Section 08, Paula SoteropoulosDEF 14A2026-04-090001690585-26-000012Section “Director Compensation”. As printed: 231,787. Filing ↗
10Section 08, Steven Romano, M.DDEF 14A2026-04-090001690585-26-000012Section “Director Compensation”. As printed: 225,647. Filing ↗
11Section 08, Jonathan Violin, Ph.DDEF 14A2026-04-090001690585-26-000012Section “Director Compensation”. As printed: 217,476. Filing ↗
12Section 08, Jonathan ViolinDEF 14A2026-04-090001690585-26-000012Section “Director Compensation”. As printed: 217,476. Filing ↗
13Section 08, Leon O. Moulder JrDEF 14A2026-04-090001690585-26-000012Section “Director Compensation”. As printed: 19,847. Filing ↗
14Section 08, Tomas KiselakDEF 14A2026-04-090001690585-26-000012Section “Director Compensation”. As printed: 9,303. Filing ↗
15Section 08, Marino GarciaDEF 14A2026-04-090001690585-26-000012Section “Director Compensation”. As printed: 0. Filing ↗
16Section 06, 2026 voteForm 8-K2026-05-220001690585-26-000026Item 5.07 · say-on-pay result. As reported: 95.99% (votes for as printed: 41,004,507). Filing ↗
17Section 06, 2025 voteForm 8-K2025-05-220000950170-25-076304Item 5.07 · say-on-pay result. As reported: 85.73% (votes for as printed: 22,132,031). Filing ↗
18Section 06, 2024 voteForm 8-K2024-05-280000950170-24-065371Item 5.07 · say-on-pay result. As reported: 99.88% (votes for as printed: 22,996,759). Filing ↗
19Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
20Section 09b board cost (computed)ComputedcomputedCash 477,513 + equity 0 + all other 0 = 477,513, summed across the director compensation table rows.machine: formula: Σ = 477,513
21Stoke Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-220001193125-26-170362CEO total compensation as printed in Stoke Therapeutics, Inc.'s own proxy. As printed: 27,031,655. Filing ↗machine: r2 · c31 · span 335841–335851
22Dianthus Therapeutics (subject), Section 10b CEO totalDEF 14A2026-04-090001690585-26-000012CEO total compensation as printed in Dianthus Therapeutics's own proxy. As printed: 10,614,702. Filing ↗machine: r2 · c25 · span 382326–382336
23Disc Medicine, Inc., Section 10b CEO totalDEF 14A2026-04-280001193125-26-187646CEO total compensation as printed in Disc Medicine, Inc.'s own proxy. As printed: 9,986,626. Filing ↗machine: r2 · c29 · span 696477–696486
24Kymera Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-290001193125-26-191495CEO total compensation as printed in Kymera Therapeutics, Inc.'s own proxy. As printed: 8,545,609. Filing ↗machine: r2 · c14 · span 676137–676146
25Structure Therapeutics Inc., Section 10b CEO totalDEF 14A2026-04-230001104659-26-047740CEO total compensation as printed in Structure Therapeutics Inc.'s own proxy. As printed: 8,429,887. Filing ↗machine: r1 · c47 · span 552927–552936
26Vera Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-090001140361-26-014002CEO total compensation as printed in Vera Therapeutics, Inc.'s own proxy. As printed: 6,986,410. Filing ↗machine: r2 · c24 · span 581040–581049
27Spyre Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-100001636282-26-000039CEO total compensation as printed in Spyre Therapeutics, Inc.'s own proxy. As printed: 6,707,361. Filing ↗machine: r2 · c48 · span 393018–393027
28Astria Therapeutics, Inc., Section 10b CEO totalDEF 14A2025-04-280001104659-25-040180CEO total compensation as printed in Astria Therapeutics, Inc.'s own proxy. As printed: 6,604,416. Filing ↗machine: r1 · c35 · span 327451–327460
29Anaptysbio, Inc, Section 10b CEO totalDEF 14A2026-06-290001193125-26-288408CEO total compensation as printed in Anaptysbio, Inc's own proxy. As printed: 6,133,943. Filing ↗machine: span 694406–694415
30Aura Biosciences, Inc., Section 10b CEO totalDEF 14A2026-04-200001193125-26-163933CEO total compensation as printed in Aura Biosciences, Inc.'s own proxy. As printed: 3,956,167. Filing ↗machine: t10 · r2 · c29 · span 480151–480160
31Annexon, Inc., Section 10b CEO totalDEF 14A2026-04-270001140361-26-017085CEO total compensation as printed in Annexon, Inc.'s own proxy. As printed: 3,579,202. Filing ↗machine: r2 · c24 · span 356205–356214
32Inozyme Pharma, Inc., Section 10b CEO totalDEF 14A2025-04-290000950170-25-060198CEO total compensation as printed in Inozyme Pharma, Inc.'s own proxy. As printed: 2,485,392. Filing ↗machine: span 345346–345355
33Cabaletta Bio, Inc., Section 10b CEO totalDEF 14A2026-04-280001193125-26-183557CEO total compensation as printed in Cabaletta Bio, Inc.'s own proxy. As printed: 2,401,555. Filing ↗
34Dyne Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-230001193125-26-173655CEO total compensation as printed in Dyne Therapeutics, Inc.'s own proxy. As printed: 2,076,868. Filing ↗machine: r3 · c24 · span 816239–816248
35Longboard Pharmaceuticals, Inc., Section 10b CEO totalDEF 14A2024-04-120000950170-24-044023CEO total compensation as printed in Longboard Pharmaceuticals, Inc.'s own proxy. As printed: 2,053,804. Filing ↗machine: r2 · c22 · span 476646–476655
364D Molecular Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-280001140361-26-017427CEO total compensation as printed in 4D Molecular Therapeutics, Inc.'s own proxy. As printed: 2,051,343. Filing ↗machine: r2 · c21 · span 356185–356194
37Kyverna Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-130001193125-26-152835CEO total compensation as printed in Kyverna Therapeutics, Inc.'s own proxy. As printed: 1,814,980. Filing ↗machine: r2 · c26 · span 547940–547949
38Section 10a, Structure Therapeutics Inc. reciprocityDEF 14A0001104659-26-047740Structure Therapeutics Inc.'s most recent proxy was read; its disclosed peer group does not include Dianthus Therapeutics. Filing ↗
39Section 10a, Spyre Therapeutics, Inc. reciprocityDEF 14A0001636282-26-000039Spyre Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Dianthus Therapeutics. Filing ↗
40Section 10a, Disc Medicine, Inc. reciprocityDEF 14A0001193125-26-187646Disc Medicine, Inc.'s most recent proxy was read; its disclosed peer group does not include Dianthus Therapeutics. Filing ↗
41Section 10a, Dyne Therapeutics, Inc. reciprocityDEF 14A0001193125-26-173655Dyne Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Dianthus Therapeutics. Filing ↗
42Section 10a, Astria Therapeutics, Inc. reciprocityDEF 14A0001104659-25-040180Astria Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Dianthus Therapeutics. Filing ↗
43Section 10a, Stoke Therapeutics, Inc. reciprocityDEF 14A0001193125-26-170362Stoke Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Dianthus Therapeutics. Filing ↗
44Section 10a, Anaptysbio, Inc reciprocityDEF 14A0001193125-26-288408Anaptysbio, Inc's most recent proxy was read; its disclosed peer group does not include Dianthus Therapeutics. Filing ↗
45Section 10a, Vera Therapeutics, Inc. reciprocityDEF 14A0001140361-26-014002Vera Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Dianthus Therapeutics. Filing ↗
46Section 10a, Kymera Therapeutics, Inc. reciprocityDEF 14A0001193125-26-191495Kymera Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Dianthus Therapeutics. Filing ↗