Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-10

Fennec Pharmaceuticals (FENC)

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.

$1,873,024
Robert Andrade total, FY2025
Chief Financial Officerhighest-paid officer; CEO Jeffrey Hackman: $1,722,154
CEO (Jeffrey Hackman) pay percentile vs peers
CEO-to-median pay ratio
98.29%
Say-on-pay support, latest vote
Companies that benchmark against FENC
No companies currently name FENC as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Robert Andrade$482,095$70,551$1,117,500$202,878$0$0$0$1,873,024
Chief Financial Officer
Jeffrey Hackman586,34345,833887,100202,8780001,722,154
Chief Executive Officer
Pierre Sayad464,0810311,0000000775,081
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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Robert Andrade$1,873,024
Jeffrey Hackman1,722,154
Pierre Sayad775,081

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
Dr. Khalid IslamOption25,0008.78
Dr. Jodi CookOption20,0005.4
Dr. Marco BrugheraOption20,0007.52
Dr. Khalid IslamOption25,0004.26
Mr. Chris A. RallisOption14,3442.44
Mr. Chris A. RallisOption20,0005.1
Mr. Chris A. RallisOption20,00010.93
Mr. Chris A. RallisOption20,0008.78
Mr. Chris A. RallisOption20,0004.26
Mr. Chris A. RallisOption20,0006.17
Mr. Chris A. RallisOption20,0007.52
Mr. Chris A. RallisOption20,0005.59
Mr. Chris A. RallisOption20,0005.58
Mr. Chris A. RallisOption20,0007.88
Dr. Khalid IslamOption25,0005.1
Dr. Khalid IslamOption25,00010.93
Dr. Khalid IslamOption25,0006.17
Dr. Khalid IslamOption25,0007.52
Dr. Khalid IslamOption25,0005.59
Dr. Khalid IslamOption25,0005.58
Dr. Khalid IslamOption25,0007.88
Dr. Marco BrugheraOption35,5452.11
Dr. Marco BrugheraOption20,0005.1
Dr. Marco BrugheraOption20,00010.93
Dr. Marco BrugheraOption20,0004.26
Dr. Marco BrugheraOption20,0006.17
Dr. Jodi CookOption20,0006.17
Dr. Marco BrugheraOption20,0005.59
Dr. Marco BrugheraOption20,0008.78
Dr. Marco BrugheraOption20,0005.58
Dr. Marco BrugheraOption20,0007.88
Dr. Jodi CookOption20,0005.59
Dr. Jodi CookOption20,0008.78
Dr. Jodi CookOption20,0005.58
Dr. Jodi CookOption20,0007.88
Dr. Jodi CookOption20,0007.52
05

Incentive-plan design — the Compensation Discussion & Analysis

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultant
Clawback policy
Anti-hedging
Anti-pledging
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-1019,326,750336,060710,67798.29%Passed
20252025-06-0312,110,5981,595,423456,87088.36%Passed
20242024-06-259,830,484346,881294,14396.59%Passed
20232023-06-1215,855,506134,0255,08799.16%Passed
20222022-06-1412,812,365153,55052,05898.82%Passed
20212021-06-2913,354,125343,244148,56497.49%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
20262026-06-1098.29%a
20252025-06-0388.36%b
20242024-06-2596.59%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
Dr. Khalid IslamIndependent · Audit$100,000$0$114,019$214,019
Mr. Chris A. RallisIndependent · Audit (Chair) · Nominating/Governance · Compensation82,500091,215173,715
Dr. Marco BrugheraIndependent · Audit · Nominating/Governance · Compensation (Chair)77,500091,215168,715
Dr. Jodi CookIndependent · Nominating/Governance (Chair) · Compensation62,500091,215153,715
Rosty RaykovIndependent · Not standing for re-election0000
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 / 15,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$322,500
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$322,500

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
1Fennec Pharmaceuticals2025Jeffrey Hackman$586,343$887,100$202,878$0$1,722,154

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, Robert AndradeDEF 14A2026-04-280001104659-26-050339Section “Executive Compensation”. As printed: 1,873,024. Filing ↗
2Section 01, Jeffrey HackmanDEF 14A2026-04-280001104659-26-050339Section “Executive Compensation”. As printed: 1,722,154. Filing ↗
3Section 01, Pierre SayadDEF 14A2026-04-280001104659-26-050339Section “Executive Compensation”. As printed: 775,081. Filing ↗
4Section 08, Dr. Khalid IslamDEF 14A2026-04-280001104659-26-050339Section “Director Compensation”. As printed: 214,019. Filing ↗machine: span 577202–577209
5Section 08, Mr. Chris A. RallisDEF 14A2026-04-280001104659-26-050339Section “Director Compensation”. As printed: 173,715. Filing ↗machine: span 587148–587155
6Section 08, Dr. Marco BrugheraDEF 14A2026-04-280001104659-26-050339Section “Director Compensation”. As printed: 168,715. Filing ↗machine: span 580513–580520
7Section 08, Dr. Jodi CookDEF 14A2026-04-280001104659-26-050339Section “Director Compensation”. As printed: 153,715. Filing ↗machine: span 583578–583585
8Section 08, Rosty RaykovDEF 14A2026-04-280001104659-26-050339Section “Director Compensation”. As printed: 0. Filing ↗
9Section 06, 2026 voteForm 8-K2026-06-100001104659-26-072425Item 5.07 · say-on-pay result. As reported: 98.29% (votes for as printed: 19,326,750). Filing ↗
10Section 06, 2025 voteForm 8-K2025-06-030001104659-25-055992Item 5.07 · say-on-pay result. As reported: 88.36% (votes for as printed: 12,110,598). Filing ↗
11Section 06, 2024 voteForm 8-K2024-06-250001104659-24-074748Item 5.07 · say-on-pay result. As reported: 96.59% (votes for as printed: 9,830,484). Filing ↗
12Section 09b board cost (computed)ComputedcomputedCash 322,500 + equity 0 + all other 0 = 322,500, summed across the director compensation table rows.machine: formula: Σ = 322,500
13Fennec Pharmaceuticals (subject), Section 10b CEO totalDEF 14A2026-04-280001104659-26-050339CEO total compensation as printed in Fennec Pharmaceuticals's own proxy. As printed: 1,722,154. Filing ↗