Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-05

Edgewise Therapeutics (EWTX)

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.

$7,359,546
Kevin Koch total, FY2025
54th
CEO pay percentile vs peers
CEO-to-median pay ratio
96.14%
Say-on-pay support, latest vote
Companies that benchmark against EWTX
3 companies name EWTX as a compensation peer

Each company listed discloses EWTX 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 EWTX 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
Kevin Koch$670,000$1,171,625$5,041,621$462,300$14,000$7,359,546
President and Chief Executive Officer
Robert Blaustein525,000999,4752,801,305227,60514,0004,567,385
Former Chief Development Officer
Michael Nofi67,813799,7503,387,20929,88704,284,659
Chief Financial Officer
Behrad Derakhshan520,000401,7001,728,428269,10014,0002,933,228
Chief Operating Officer
Joanne Donovan530,358243,96514,0002,785,306
Chief Medical Officer
Alan Russell499,580229,8078,4792,734,849
Co-Founder and Chief Scientific Officer
R. Michael Carruthers465,694392,7071,500,845214,21914,0002,587,465
Former Chief Financial 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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Kevin Koch$7,359,546$7,601,200$3,975,855−241,654
Robert Blaustein4,567,385
Michael Nofi4,284,659
Behrad Derakhshan2,933,2282,896,1931,756,317+37,035
Joanne Donovan2,785,3062,924,4741,716,844−139,168
Alan Russell2,734,849
R. Michael Carruthers2,587,465

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
Kevin KochRSU87,500$2,171,313
Kevin KochRSU53,9071,337,702
Michael NofiRSU43,7501,085,656
Robert BlausteinRSU30,000744,450
Behrad DerakhshanRSU30,000744,450
Joanne DonovanRSU28,125697,922
Alan RussellRSU28,125697,922
R. Michael CarruthersRSU26,875666,903
Robert BlausteinRSU17,500434,263
R. Michael CarruthersRSU17,344430,391
Kevin KochOption250,0007.08
Behrad DerakhshanRSU17,344430,391
Joanne DonovanRSU17,344430,391
Alan RussellRSU17,344430,391
Kevin KochRSU41,5450
Kevin KochRSU178,7110
Alan RussellRSU130,3520
Kevin KochOption91,66710.39
Kevin KochOption287,50017.05
Kevin KochOption481,25013.39
Michael NofiOption262,50018.28
Robert BlausteinOption160,00027.39
Robert BlausteinOption96,25013.39
R. Michael CarruthersOption33,33410.39
R. Michael CarruthersOption83,3347.08
R. Michael CarruthersOption92,50017.05
R. Michael CarruthersOption147,81313.39
Behrad DerakhshanOption33,33410.39
Behrad DerakhshanOption91,6677.08
Behrad DerakhshanOption92,50017.05
Behrad DerakhshanOption165,00013.39
Joanne DonovanOption40,00010.39
Joanne DonovanOption83,3347.08
Joanne DonovanOption92,50017.05
Joanne DonovanOption154,68813.39
Alan RussellRSU1,147,3650
Alan RussellOption36,66710.39
Alan RussellOption83,3347.08
Alan RussellOption92,50017.05
Alan RussellOption154,68813.39
05

Incentive-plan design — the Compensation Discussion & Analysis

The compensation committee aims to provide competitive compensation to attract and retain top talent, create a direct link between business plan achievement and employee compensation, motivate the achievement of annual and long-term performance goals, and align employee and investor interests through long-term incentives while managing share usage and equity dilution.

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

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-0487,055,1113,491,326577,25796.14%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
20262026-06-0496.14%a

a. 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
Christopher MartinIndependent · Nominating & Corporate Governance$4,712$700,000$704,712
Peter Thompson, M.DNot independent80,000304,477384,477
Laura BregeIndependent · Audit (Chair) · Compensation67,500304,477371,977
Arlene M. MorrisIndependent · Audit · Compensation57,500304,477361,977
Jonathan Root, M.DIndependent · Audit · Nominating & Corporate Governance (Chair)55,000304,477359,477
Badreddin Edris, Ph.DIndependent · Compensation (Chair)55,000304,477359,477
Jonathan C. Fox, M.D., Ph.DIndependent · Audit45,000304,477349,477
Badreddin EdrisIndependent55,00055,000
Kevin Koch, Ph.DEmployee director0
Alan Russell, Ph.DEmployee 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)20,000 / 15,000 / 10,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$419,712
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$419,712

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 Edgewise 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 Edgewise 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
1Cogent Biosciences2025Andrew Robbins$724,554$12,993,250$13,447,680$561,600$27,762,684
2Avidity Biosciences2024Sarah Boyce659,90010,748,4802,157,090594,00014,176,480
3Janux Therapeutics2025David Campbell680,000012,459,031367,20013,506,231
4Protagonist Therapeutics2025Dinesh Patel715,5005,839,2045,618,010686,88012,871,506
5Arcus Biosciences2025Terry Rosen775,0002,199,4506,008,860658,7509,656,813
6IDEAYA Biosciences2025Yujiro Hata700,00008,418,840378,0009,512,640
7Kymera Therapeutics2025Nello Mainolfi693,00007,318,859519,7508,545,609
8Edgewise Therapeutics2025Kevin Koch670,0001,171,6255,041,621462,3007,359,546
9Beam Therapeutics2025John Evans755,0001,513,5752,876,754662,5135,818,525
10Pliant Therapeutics2025Bernard Coulie682,0001,810,2502,713,750204,6005,462,901
11Denali Therapeutics2025Ryan Watts718,0001,151,8672,180,00304,751,515
12Rocket Pharmaceuticals2025Gaurav Shah671,076806,7511,613,377403,0483,510,241
13Keros Therapeutics2025Jasbir Seehra700,0001,426,2800398,1252,540,204
14Dyne Therapeutics2025John Cox721,0000937,893410,9702,076,868
15Zentalis Pharmaceuticals2025Julie Eastland700,00099,77256,975441,0001,300,731
Aerovate Therapeuticsnot in coverage universe
Enliven Therapeuticsnot 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
Edgewise Therapeuticsnot disclosednot disclosednot disclosedAlpine Rewards
Aerovate Therapeuticsnot disclosednot disclosednot disclosednot disclosed
Arcus Biosciences100%Options 67 · RSU 33not disclosedRadford
Avidity Biosciencesnot disclosedOption 80 · RSU 20not disclosedAlpine Rewards, LLC
Beam Therapeutics135%Options 66 · RSU 34not disclosedPay Governance LLC
Cogent Biosciences135%not disclosedNoCompensia
Denali Therapeutics145%not disclosednot disclosedAlpine Rewards
Dyne Therapeutics95%not disclosednot disclosedAlpine Rewards, LLC
Enliven Therapeuticsnot disclosednot disclosednot disclosednot disclosed
IDEAYA Biosciences90%Options 100not disclosedAon (Aon plc, Talent Solutions practice)
Janux Therapeutics90%not disclosednot disclosedFW Cook
Keros Therapeutics87.5%RSU 50 · PSU 50NoAon (Human Capital Solutions practice)
Kymera Therapeutics125%not disclosedNoAlpine Rewards
Pliant Therapeutics50%Options 67 · RSU 33not disclosedAlpine Rewards
Protagonist Therapeutics160%Options 50 · RSU 50not disclosedAon Human Capital Solutions
Rocket Pharmaceuticalsnot disclosednot disclosednot disclosedSemler Brossy
Zentalis Pharmaceuticals105%not disclosednot disclosedAnderson Pay Advisors LLC / Pay Governance LLC

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, Kevin KochDEF 14A2026-04-230001104659-26-047688Section “Executive Compensation”. As printed: 7,359,546. Filing ↗
2Section 01, Robert BlausteinDEF 14A2026-04-230001104659-26-047688Section “Executive Compensation”. As printed: 4,567,385. Filing ↗
3Section 01, Michael NofiDEF 14A2026-04-230001104659-26-047688Section “Executive Compensation”. As printed: 4,284,659. Filing ↗
4Section 01, Behrad DerakhshanDEF 14A2026-04-230001104659-26-047688Section “Executive Compensation”. As printed: 2,933,228. Filing ↗
5Section 01, Joanne DonovanDEF 14A2026-04-230001104659-26-047688Section “Executive Compensation”. As printed: 2,785,306. Filing ↗
6Section 01, Alan RussellDEF 14A2026-04-230001104659-26-047688Section “Executive Compensation”. As printed: 2,734,849. Filing ↗
7Section 01, R. Michael CarruthersDEF 14A2026-04-230001104659-26-047688Section “Executive Compensation”. As printed: 2,587,465. Filing ↗
8Section 08, Christopher MartinDEF 14A2026-04-230001104659-26-047688Section “Director Compensation”. As printed: 704,712. Filing ↗machine: span 331945–332128
9Section 08, Peter Thompson, M.DDEF 14A2026-04-230001104659-26-047688Section “Director Compensation”. As printed: 384,477. Filing ↗machine: span 324323–324506
10Section 08, Laura BregeDEF 14A2026-04-230001104659-26-047688Section “Director Compensation”. As printed: 371,977. Filing ↗machine: span 326107–326290
11Section 08, Arlene M. MorrisDEF 14A2026-04-230001104659-26-047688Section “Director Compensation”. As printed: 361,977. Filing ↗machine: span 333802–333985
12Section 08, Jonathan Root, M.DDEF 14A2026-04-230001104659-26-047688Section “Director Compensation”. As printed: 359,477. Filing ↗machine: span 335965–336148
13Section 08, Badreddin Edris, Ph.DDEF 14A2026-04-230001104659-26-047688Section “Director Compensation”. As printed: 359,477. Filing ↗machine: span 328035–328218
14Section 08, Jonathan C. Fox, M.D., Ph.DDEF 14A2026-04-230001104659-26-047688Section “Director Compensation”. As printed: 349,477. Filing ↗machine: span 329836–330019
15Section 08, Badreddin EdrisDEF 14A2026-04-230001104659-26-047688Section “Director Compensation”. As printed: 55,000. Filing ↗machine: span 326932–327114
16Section 08, Kevin Koch, Ph.DDEF 14A2026-04-230001104659-26-047688Section “Director Compensation”. As printed: 0. Filing ↗
17Section 08, Alan Russell, Ph.DDEF 14A2026-04-230001104659-26-047688Section “Director Compensation”. As printed: 0. Filing ↗
18Section 06, 2026 voteForm 8-K2026-06-050001104659-26-071011Item 5.07 · say-on-pay result. As reported: 96.14% (votes for as printed: 87,055,111). 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 419,712 + equity 0 + all other 0 = 419,712, summed across the director compensation table rows.machine: formula: Σ = 419,712
21Cogent Biosciences, Section 10b CEO totalDEF 14A2026-04-230001193125-26-173834CEO total compensation as printed in Cogent Biosciences's own proxy. As printed: 27,762,684. Filing ↗machine: r2 · c39 · span 369353–369363
22Avidity Biosciences, Section 10b CEO totalDEF 14A2025-04-290001599901-25-000092CEO total compensation as printed in Avidity Biosciences's own proxy. As printed: 14,176,480. Filing ↗machine: r2 · c48 · span 430390–430400
23Janux Therapeutics, Section 10b CEO totalDEF 14A2026-04-280001193125-26-187095CEO total compensation as printed in Janux Therapeutics's own proxy. As printed: 13,506,231. Filing ↗machine: r2 · c22 · span 571399–571409
24Protagonist Therapeutics, Section 10b CEO totalDEF 14A2026-04-280001104659-26-050429CEO total compensation as printed in Protagonist Therapeutics's own proxy. As printed: 12,871,506. Filing ↗machine: r1 · c47 · span 613195–613205
25Arcus 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
26IDEAYA Biosciences, Section 10b CEO totalDEF 14A2026-04-290001193125-26-191501CEO total compensation as printed in IDEAYA Biosciences's own proxy. As printed: 9,512,640. Filing ↗machine: r2 · c14 · span 627310–627319
27Kymera Therapeutics, Section 10b CEO totalDEF 14A2026-04-290001193125-26-191495CEO total compensation as printed in Kymera Therapeutics's own proxy. As printed: 8,545,609. Filing ↗machine: r2 · c14 · span 676137–676146
28Edgewise Therapeutics (subject), Section 10b CEO totalDEF 14A2026-04-230001104659-26-047688CEO total compensation as printed in Edgewise Therapeutics's own proxy. As printed: 7,359,546. Filing ↗
29Beam Therapeutics, Section 10b CEO totalDEF 14A2026-04-170001193125-26-161512CEO total compensation as printed in Beam Therapeutics's own proxy. As printed: 5,818,525. Filing ↗machine: r2 · c29 · span 502169–502178
30Pliant Therapeutics, Section 10b CEO totalDEF 14A2026-04-220001746473-26-000076CEO total compensation as printed in Pliant Therapeutics's own proxy. As printed: 5,462,901. Filing ↗machine: r2 · c48 · span 436933–436942
31Denali 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
32Rocket Pharmaceuticals, Section 10b CEO totalDEF 14A2026-04-060001140361-26-013335CEO total compensation as printed in Rocket Pharmaceuticals's own proxy. As printed: 3,510,241. Filing ↗machine: r2 · c24 · span 348766–348775
33Keros Therapeutics, Section 10b CEO totalDEF 14A2026-04-220001104659-26-046791CEO total compensation as printed in Keros Therapeutics's own proxy. As printed: 2,540,204. Filing ↗machine: r1 · c41 · span 627980–627989
34Dyne Therapeutics, Section 10b CEO totalDEF 14A2026-04-230001193125-26-173655CEO total compensation as printed in Dyne Therapeutics's own proxy. As printed: 2,076,868. Filing ↗machine: r3 · c24 · span 816239–816248
35Zentalis Pharmaceuticals, Section 10b CEO totalDEF 14A2026-04-300001725160-26-000027CEO total compensation as printed in Zentalis Pharmaceuticals's own proxy. As printed: 1,300,731. Filing ↗machine: r2 · c48 · span 319348–319357
36Section 10a, Cogent Biosciences reciprocityDEF 14A0001193125-26-173834Cogent Biosciences's most recent proxy was read; its disclosed peer group does not include Edgewise Therapeutics. Filing ↗
37Section 10a, Janux Therapeutics reciprocityDEF 14A0001193125-26-187095Janux Therapeutics's most recent proxy was read; its disclosed peer group does not include Edgewise Therapeutics. Filing ↗
38Section 10a, Pliant Therapeutics reciprocityDEF 14A0001746473-26-000076Pliant Therapeutics's most recent proxy was read; its disclosed peer group does not include Edgewise Therapeutics. Filing ↗
39Section 10a, Avidity Biosciences reciprocityDEF 14A0001599901-25-000092Avidity Biosciences's most recent proxy was read; its disclosed peer group does not include Edgewise Therapeutics. Filing ↗
40Section 10a, Protagonist Therapeutics reciprocityDEF 14A0001104659-26-050429Protagonist Therapeutics's most recent proxy was read; its disclosed peer group does not include Edgewise Therapeutics. Filing ↗
41Section 10a, IDEAYA Biosciences reciprocityDEF 14A0001193125-26-191501IDEAYA Biosciences's most recent proxy was read; its disclosed peer group does not include Edgewise Therapeutics. Filing ↗
42Section 10a, Dyne Therapeutics reciprocityDEF 14A0001193125-26-173655Dyne Therapeutics's most recent proxy was read; its disclosed peer group does not include Edgewise Therapeutics. Filing ↗
43Section 10a, Kymera Therapeutics reciprocityDEF 14A0001193125-26-191495Kymera Therapeutics's most recent proxy was read; its disclosed peer group does not include Edgewise Therapeutics. Filing ↗
44Section 10a, Denali Therapeutics reciprocityDEF 14A0001714899-26-000054Denali Therapeutics's most recent proxy was read; its disclosed peer group does not include Edgewise Therapeutics. Filing ↗
45Section 10a, Keros Therapeutics reciprocityDEF 14A0001104659-26-046791Keros Therapeutics's most recent proxy was read; its disclosed peer group does not include Edgewise Therapeutics. Filing ↗
46Section 10a, Beam Therapeutics reciprocityDEF 14A0001193125-26-161512Beam Therapeutics's most recent proxy was read; its disclosed peer group does not include Edgewise Therapeutics. Filing ↗