Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-08-10

Heron Therapeutics, Inc. (HRTX)

CEO Craig Collard was paid $3,516,291 in fiscal year 2025, ↑ up 3.6% from fiscal year 2024, the 21st percentile of its disclosed peer group (SEC filing 0001193125-26-196306 ↗): 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.

$4,307,500
Mark Hensley total, FY2025
EVP, Chief Operating Officer — highest-paid officer; CEO Craig Collard: $3,516,291
21st
CEO (Craig Collard) pay percentile vs peers
13.08:1
CEO-to-median pay ratio
86.45%
Say-on-pay support, latest vote

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HRTX's next annual pay disclosure, estimated April 30, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Mark Hensley$372,212$0$1,210,000$2,527,680$187,108$0$10,500$4,307,500
EVP, Chief Operating Officer
Craig Collard689,4310946,2541,352,917517,189010,5003,516,291
Chief Executive Officer
William Forbes609,8810318,087454,788305,009001,687,765
EVP, Chief Development Officer
Ira Duarte559,8030318,087454,788287,500010,5001,630,678
EVP, 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 FY2024→2025
Mark Hensley$4,307,500———
Craig Collard3,516,2913,395,49210,775,818↑ +120,799
William Forbes1,687,7651,536,1301,458,106↑ +151,635
Ira Duarte1,630,6781,424,8111,534,873↑ +205,867

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Data as of August 10, 2026 · Source: 0001193125-26-196306 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

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01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Adam MorganChair of the Board$159,700
Christian WaageIndependent Director$144,144
Craig JohnsonIndependent Director$151,644
Michael KasetaIndependent Director$135,469
Sharmila DissanaikeIndependent Director$144,144
Susan RodriguezFormer director (through FY2025)$105,950
Tom CusackIndependent Director$229,104
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
William ForbesEVP, Chief Development Officer2026-04-30A11,770——CommonForm 4 ↗
Mark HensleyChief Operating Officer2026-04-30D11,77000Derivative, Class A CommonForm 4 ↗
Craig CollardDirector2026-04-30D50,02100Derivative, Class A CommonForm 4 ↗
Craig CollardDirector2026-04-30D34,78900Derivative, Class A CommonForm 4 ↗
William ForbesEVP, Chief Development Officer2026-04-30D11,77000Derivative, Class A CommonForm 4 ↗
Craig CollardDirector2026-04-30A50,021——CommonForm 4 ↗
Craig CollardDirector2026-04-30A34,789——CommonForm 4 ↗
Ira DuarteEVP, Chief Financial Officer2026-04-30D13,53500Derivative, Class A CommonForm 4 ↗
Ira DuarteEVP, Chief Financial Officer2026-04-30D11,69400Derivative, Class A CommonForm 4 ↗
Ira DuarteEVP, Chief Financial Officer2026-04-30A13,535——CommonForm 4 ↗
Ira DuarteEVP, Chief Financial Officer2026-04-30A11,694——CommonForm 4 ↗
William ForbesEVP, Chief Development Officer2026-04-30D11,69400Derivative, Class A CommonForm 4 ↗
William ForbesEVP, Chief Development Officer2026-04-30A11,694——CommonForm 4 ↗
Mark HensleyChief Operating Officer2026-04-30A11,770——CommonForm 4 ↗
Mark HensleyChief Operating Officer2026-05-06D125,00000Derivative, Class A CommonForm 4 ↗
Mark HensleyChief Operating Officer2026-05-06A125,000——CommonForm 4 ↗
William ForbesEVP, Chief Development Officer2026-06-06D12,50000Derivative, Class A CommonForm 4 ↗
William ForbesEVP, Chief Development Officer2026-06-06A12,500——CommonForm 4 ↗
Ira DuarteEVP, Chief Financial Officer2026-06-16D3,55501,351CommonForm 4 ↗
Ira DuarteEVP, Chief Financial Officer2026-06-16D12,50000Derivative, Class A CommonForm 4 ↗
Ira DuarteEVP, Chief Financial Officer2026-06-16A12,500——CommonForm 4 ↗
Ira DuarteEVP, Chief Financial Officer2026-07-19D1,1010517CommonForm 4 ↗
Ira DuarteEVP, Chief Financial Officer2026-07-19D3,87400Derivative, Class A CommonForm 4 ↗
Ira DuarteEVP, Chief Financial Officer2026-07-19A3,874——CommonForm 4 ↗
William ForbesEVP, Chief Development Officer2026-07-19D3,87400Derivative, Class A CommonForm 4 ↗
William ForbesEVP, Chief Development Officer2026-07-19D1,1010517CommonForm 4 ↗
William ForbesEVP, Chief Development Officer2026-07-19A3,874——CommonForm 4 ↗
Craig CollardDirector2026-07-19D13,79700Derivative, Class A CommonForm 4 ↗
Craig CollardDirector2026-07-19A13,797——CommonForm 4 ↗
Craig CollardDirector2026-07-30D50,02100Derivative, Class A CommonForm 4 ↗
Ira DuarteEVP, Chief Financial Officer2026-07-30D13,53500Derivative, Class A CommonForm 4 ↗
William ForbesEVP, Chief Development Officer2026-07-30D3,34811,674CommonForm 4 ↗
Craig CollardDirector2026-07-30A50,021——CommonForm 4 ↗
Ira DuarteEVP, Chief Financial Officer2026-07-30D3,85011,925CommonForm 4 ↗
Ira DuarteEVP, Chief Financial Officer2026-07-30A13,535——CommonForm 4 ↗
William ForbesEVP, Chief Development Officer2026-07-30D11,76900Derivative, Class A CommonForm 4 ↗
William ForbesEVP, Chief Development Officer2026-07-30A11,769——CommonForm 4 ↗
William ForbesEVP, Chief Development Officer2026-07-31A11,694——CommonForm 4 ↗
Ira DuarteEVP, Chief Financial Officer2026-07-31D3,32611,663CommonForm 4 ↗
Craig CollardDirector2026-07-31D34,78900Derivative, Class A CommonForm 4 ↗
Craig CollardDirector2026-07-31A34,789——CommonForm 4 ↗
Ira DuarteEVP, Chief Financial Officer2026-07-31D11,69400Derivative, Class A CommonForm 4 ↗
Ira DuarteEVP, Chief Financial Officer2026-07-31A11,694——CommonForm 4 ↗
William ForbesEVP, Chief Development Officer2026-07-31D11,69400Derivative, Class A CommonForm 4 ↗
William ForbesEVP, Chief Development Officer2026-07-31D3,32611,663CommonForm 4 ↗
Mark HensleyChief Operating Officer2026-07-31D11,76900Derivative, Class A CommonForm 4 ↗
Mark HensleyChief Operating Officer2026-07-31A11,769——CommonForm 4 ↗
Mark HensleyChief Operating Officer2026-08-06D8,88814,444CommonForm 4 ↗
Mark HensleyChief Operating Officer2026-08-06D31,25000Derivative, Class A CommonForm 4 ↗
Mark HensleyChief Operating Officer2026-08-06A31,250——CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Mark HensleyRSU2025-05-06——500,000—$1,210,000
William ForbesRSU2025-01-31——187,110—318,087
Craig CollardRSU2025-01-31——556,620—946,254
Ira DuarteRSU2025-01-31——187,110—318,087
Craig CollardOPTION2025-01-31——1,113,240—1,352,917
William ForbesOPTION2025-01-31——374,220—454,788
Mark HensleyOPTION2025-04-28——900,000—1,700,000
Mark HensleyOPTION2025-04-28——500,000—827,680
Ira DuarteOPTION2025-01-31——374,220—454,788
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Mark Hensley$1,210,000$0$2,527,6800.0%
William Forbes318,0870454,7880.0%
Craig Collard946,25401,352,9170.0%
Ira Duarte318,0870454,7880.0%

% 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 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
William ForbesRSU152,027—$197,635
Ira DuarteOption193,7162.09—
Ira DuarteRSU25,000—32,500
Ira DuarteOption300,0001.21—
William ForbesRSU34,869—45,330
Ira DuarteRSU34,869—45,330
Craig CollardRSU1,887,642—2,453,934
Mark HensleyRSU500,000—650,000
Craig CollardRSU452,254—587,930
Ira DuarteRSU152,027—197,635
Craig CollardOption112,3581.78—
Craig CollardRSU125,000—162,500
Craig CollardRSU124,172—161,424
William ForbesRSU25,000—32,500
Craig CollardRSU11,837—15,388
Craig CollardOption689,8452.09—
Craig CollardOption858,1221.7—
Ira DuarteOption288,4611.7—
William ForbesOption187,5001.11—
William ForbesOption193,7162.09—
William ForbesOption288,4611.7—
Mark HensleyOption500,0002.33—
05

Incentive-plan design — the Compensation Discussion & Analysis

The compensation program is designed to attract, motivate, and retain high-caliber executives by aligning their interests with the long-term success of the business and shareholders. It links a significant portion of compensation to the achievement of pre-established financial metrics and business goals that are directly tied to the company's overall strategy.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantCompensia, Inc.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-1177,315,47412,117,8612,378,52186.45%Passed
20242024-06-1372,711,98814,427,2052,329,79883.44%Passed
20232023-06-0869,340,1481,730,470406,33697.57%Passed
20222022-05-2449,881,19116,852,563187,52474.75%Passed
20212021-06-1762,482,9254,003,746173,53893.98%Passed
20202020-06-1760,705,8653,569,221182,03794.45%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
20262026-06-1186.45%a
20242024-06-1383.44%b
20232023-06-0897.57%c

a. Approved under the standard stated in the filing — “Abstentions will have no effect on the outcome of this proposal.”.

b. Approved under the standard stated in the filing — “Abstentions will have no effect on the outcome of this proposal.”.

c. Approved under the standard stated in the filing — “Accordingly, assuming this proposal is deemed to be a "non-routine" matter under NYSE rules as we have been advised by the NYSE, abstentions and broker non-votes will have no effect on this proposal.”.

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.

07

CEO pay ratio

Ratio (CEO : median employee)13.08 : 1
CEO total compensation$3,516,291
Median employee compensation$268,890
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Tom CusackIndependent · Governance · Newly elected$10,258$177,179$41,667——$229,104
Adam MorganIndependent · Board Chair85,55643,62930,515——159,700
Craig JohnsonIndependent · Audit (Chair) · Compensation77,50043,62930,515——151,644
Christian WaageIndependent · Audit · Governance (Chair)70,00043,62930,515——144,144
Sharmila DissanaikeIndependent · Compensation (Chair) · Governance70,00043,62930,515——144,144
Michael KasetaIndependent · Audit · Compensation61,32543,62930,515——135,469
Susan RodriguezIndependent · Not standing for re-election · Departed during FY31,80643,62930,515——105,950
Craig CollardEmployee director—————0
09

Board fee structure and ownership guideline

Annual cash retainer$50,000
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$406,445
Equity awards (grant-date value)$438,953
All other compensation$0
Total cost of the board$845,398

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 Heron Therapeutics, Inc. 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 Heron Therapeutics, Inc..

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
1Ocular Therapeutics2025Pravin Dugel$819,200$18,608,000$15,567,000$0$35,946,958
2Harrow2025Mark Baum754,91022,294,8730542,49123,606,274
3ANI Pharmaceuticals2025Nikhil Lalwani837,4097,848,71101,572,50010,278,620
4Travere Therapeutics2025Eric Dube854,2503,314,5203,309,384964,1258,457,151
5Sage Therapeutics2024Barry Greene830,7123,164,3642,669,263431,9707,112,589
6Phantom Pharmaceuticals2025Steven Basta525,0001,986,6003,983,144455,7016,968,070
7Akebia Therapeutics2025John Butler864,0102,164,3382,024,798580,9735,652,339
8Innoviva2025Pavel Raifeld600,0002,649,9821,748,88205,400,197
9Xeris Biopharma Holdings2025John Shannon742,3342,848,000838,615607,9715,042,584
10Rigel Pharmaceuticals2025Raul Rodriguez787,405951,3272,241,570634,6494,658,805
11Y-mAbs Therapeutics2024Michael Rossi705,6001,170,7322,288,662392,5964,557,590
12UroGen Pharma2025Elizabeth Barrett855,5902,122,2110516,2634,310,624
13Vanda Pharmaceuticals2025Mihael Polymeropoulos965,6552,007,0000834,3263,851,468
14Lexicon Pharmaceuticals2025Michael Exton650,5761,049,3041,355,23103,553,953
15Esperion Therapeutics2025Sheldon Koenig770,8331,260,000847,929639,3753,535,512
16Heron Therapeutics, Inc.2025Craig Collard689,431946,2541,352,917517,1893,516,291
17G1 Therapeutics2023John Bailey794,9761,392,022666,209387,5513,250,658
18Coherus BioSciences2025Dennis Lanfear1,026,5450828,130869,2952,736,874
19OptiNose2023Ramy Mahmoud646,994637,075656,245454,7402,414,265
20Collegium Pharmaceuticals2025Vikram Karnani875,00000835,4061,715,846

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
Heron Therapeutics, Inc.not disclosedOption 66.67 · RSU 33.33not disclosedCompensia, Inc.
Akebia Therapeutics90%Options 50 · RSU 25 · MSU 25NoPearl Meyer
ANI Pharmaceuticals185%RSU 75 · PSU 25Yes — relative TSR against the constituents of the S&P 600 Pharmaceuticals, Biotechnology and Life Sciences IndexPearl Meyer & Partners, LLC
Coherus BioSciencesnot disclosedOption 100not disclosedAon
Collegium Pharmaceuticals127.3%RSU 70 · PSU 30Yes — relative ranking of the total shareholder return (TSR) of the Company's common stock in 2025, 2026, 2027 and the cumulative three-year performance period (2025-2027) return relative to the TSR of peer companies within the S&P Pharmaceutical Select Industry IndexAlpine Rewards, LLC
Esperion Therapeutics110%not disclosednot disclosednot disclosed
G1 Therapeuticsnot disclosednot disclosednot disclosedRadford, Aon’s Human Capital Solutions Practice
Harrow100%not disclosedNoMercer, Inc.
Innoviva105%not disclosednot disclosedMeridian
Lexicon Pharmaceuticalsnot disclosednot disclosednot disclosedPearl Meyer & Partners, LLC
Ocular Therapeutics145%not disclosedNoAon
OptiNosenot disclosednot disclosednot disclosedPearl Meyer & Partners, LLC
Phantom Pharmaceuticals124%not disclosedNoPay Governance LLC
Rigel Pharmaceuticals124%Options 75 · RSU 25NoPearl Meyer
Sage Therapeutics80%not disclosedYes — TSR milestones / Relative TSR vs. Nasdaq Biotechnology IndexAlpine Rewards
Travere Therapeutics150%not disclosedNoAon
UroGen Pharma80%RSU 50 · PSU 50NoCompensia, Inc.
Vanda Pharmaceuticals108%not disclosedYes — Relative TSRWillis Towers Watson
Xeris Biopharma Holdings125%not disclosednot disclosedAon Consulting, Inc.
Y-mAbs Therapeutics85.6%not disclosedNoAon

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.

10d

Frequently asked questions

Who was the highest-paid executive at Heron Therapeutics, Inc. in fiscal 2025?
As disclosed, Mark Hensley (EVP, Chief Operating Officer) was the highest-paid executive at Heron Therapeutics, Inc. in fiscal 2025, with total compensation of $4,307,500.
How does Heron Therapeutics, Inc.'s chief executive pay compare to its disclosed peer group?
As disclosed, Craig Collard's total compensation ranked at the 21st percentile of Heron Therapeutics, Inc.'s disclosed peer group.
What is Heron Therapeutics, Inc.'s CEO-to-median employee pay ratio?
As disclosed, Heron Therapeutics, Inc.'s CEO-to-median employee pay ratio was 13.08:1.
How did shareholders vote on Heron Therapeutics, Inc.'s executive compensation?
As disclosed, 86.45% of shareholders supported Heron Therapeutics, Inc.'s executive compensation in the latest say-on-pay vote.
How much does Heron Therapeutics, Inc. spend in total on board compensation for fiscal 2025?
As disclosed, Heron Therapeutics, Inc. reported total board compensation of $845,398 for fiscal 2025.

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.

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, Mark HensleyDEF 14A2026-04-300001193125-26-196306Section “Executive Compensation”. As printed: 4,307,500. Filing ↗machine: span 825030–825039
2Section 01, Craig CollardDEF 14A2026-04-300001193125-26-196306Section “Executive Compensation”. As printed: 3,516,291. Filing ↗machine: span 728212–728221
3Section 01, William ForbesDEF 14A2026-04-300001193125-26-196306Section “Executive Compensation”. As printed: 1,687,765. Filing ↗machine: span 792749–792758
4Section 01, Ira DuarteDEF 14A2026-04-300001193125-26-196306Section “Executive Compensation”. As printed: 1,630,678. Filing ↗machine: span 760485–760494
5Section 03, Mark Hensley RSUDEF 14A2026-04-300001193125-26-196306Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t20 · r11 · c9 · span 818811–818820
6Section 03, William Forbes RSUDEF 14A2026-04-300001193125-26-196306Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t20 · r8 · c9 · span 786533–786540
7Section 03, Craig Collard RSUDEF 14A2026-04-300001193125-26-196306Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t20 · r2 · c9 · span 721995–722002
8Section 03, Ira Duarte RSUDEF 14A2026-04-300001193125-26-196306Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t20 · r5 · c9 · span 754270–754277
9Section 03, Craig Collard OPTIONDEF 14A2026-04-300001193125-26-196306Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t20 · r2 · c13 · span 723549–723558
10Section 03, William Forbes OPTIONDEF 14A2026-04-300001193125-26-196306Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t20 · r8 · c13 · span 788087–788094
11Section 03, Mark Hensley OPTIONDEF 14A2026-04-300001193125-26-196306Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t21 · r14 · c25 · span 1001514–1001523
12Section 03, Mark Hensley OPTIONDEF 14A2026-04-300001193125-26-196306Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t21 · r13 · c25 · span 990670–990677
13Section 03, Ira Duarte OPTIONDEF 14A2026-04-300001193125-26-196306Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t20 · r5 · c13 · span 755824–755831
14Section 07, pay ratioDEF 14A2026-04-300001193125-26-196306Section “CEO Pay Ratio”. As printed: 13.08 : 1. Filing ↗
15Section 08, Tom CusackDEF 14A2026-04-300001193125-26-196306Section “Director Compensation”. As printed: 229,104. Filing ↗machine: span 324148–324357
16Section 08, Adam MorganDEF 14A2026-04-300001193125-26-196306Section “Director Compensation”. As printed: 159,700. Filing ↗machine: span 351503–351712
17Section 08, Craig JohnsonDEF 14A2026-04-300001193125-26-196306Section “Director Compensation”. As printed: 151,644. Filing ↗machine: span 337838–338047
18Section 08, Christian WaageDEF 14A2026-04-300001193125-26-196306Section “Director Compensation”. As printed: 144,144. Filing ↗machine: span 365334–365543
19Section 08, Sharmila DissanaikeDEF 14A2026-04-300001193125-26-196306Section “Director Compensation”. As printed: 144,144. Filing ↗machine: span 331005–331214
20Section 08, Michael KasetaDEF 14A2026-04-300001193125-26-196306Section “Director Compensation”. As printed: 135,469. Filing ↗machine: span 344672–344881
21Section 08, Susan RodriguezDEF 14A2026-04-300001193125-26-196306Section “Director Compensation”. As printed: 105,950. Filing ↗machine: span 358499–358708
22Section 08, Craig CollardDEF 14A2026-04-300001193125-26-196306Section “Director Compensation”. As printed: 0. Filing ↗
23Section 02, William Forbes 2026-04-30Form 42026-05-040001193125-26-203344Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Mark Hensley 2026-04-30Form 42026-05-040001193125-26-203374Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Craig Collard 2026-04-30Form 42026-05-040001193125-26-203196Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Craig Collard 2026-04-30Form 42026-05-040001193125-26-203196Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, William Forbes 2026-04-30Form 42026-05-040001193125-26-203344Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Craig Collard 2026-04-30Form 42026-05-040001193125-26-203196Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Craig Collard 2026-04-30Form 42026-05-040001193125-26-203196Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Ira Duarte 2026-04-30Form 42026-05-040001193125-26-203272Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Ira Duarte 2026-04-30Form 42026-05-040001193125-26-203272Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Ira Duarte 2026-04-30Form 42026-05-040001193125-26-203272Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Ira Duarte 2026-04-30Form 42026-05-040001193125-26-203272Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, William Forbes 2026-04-30Form 42026-05-040001193125-26-203344Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, William Forbes 2026-04-30Form 42026-05-040001193125-26-203344Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Mark Hensley 2026-04-30Form 42026-05-040001193125-26-203374Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Mark Hensley 2026-05-06Form 42026-05-070001193125-26-211230Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Mark Hensley 2026-05-06Form 42026-05-070001193125-26-211230Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, William Forbes 2026-06-06Form 42026-06-080001193125-26-260931Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, William Forbes 2026-06-06Form 42026-06-080001193125-26-260931Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Ira Duarte 2026-06-16Form 42026-06-170001193125-26-273552Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Ira Duarte 2026-06-16Form 42026-06-170001193125-26-273552Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Ira Duarte 2026-06-16Form 42026-06-170001193125-26-273552Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Ira Duarte 2026-07-19Form 42026-07-200001193125-26-308887Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Ira Duarte 2026-07-19Form 42026-07-200001193125-26-308887Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Ira Duarte 2026-07-19Form 42026-07-200001193125-26-308887Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, William Forbes 2026-07-19Form 42026-07-200001193125-26-308922Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, William Forbes 2026-07-19Form 42026-07-200001193125-26-308922Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, William Forbes 2026-07-19Form 42026-07-200001193125-26-308922Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Craig Collard 2026-07-19Form 42026-07-200001193125-26-308958Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Craig Collard 2026-07-19Form 42026-07-200001193125-26-308958Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Craig Collard 2026-07-30Form 42026-08-030001193125-26-329694Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Ira Duarte 2026-07-30Form 42026-08-030001193125-26-329720Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, William Forbes 2026-07-30Form 42026-08-030001193125-26-329804Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Craig Collard 2026-07-30Form 42026-08-030001193125-26-329694Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Ira Duarte 2026-07-30Form 42026-08-030001193125-26-329720Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Ira Duarte 2026-07-30Form 42026-08-030001193125-26-329720Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, William Forbes 2026-07-30Form 42026-08-030001193125-26-329804Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, William Forbes 2026-07-30Form 42026-08-030001193125-26-329804Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, William Forbes 2026-07-31Form 42026-08-030001193125-26-329804Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Ira Duarte 2026-07-31Form 42026-08-030001193125-26-329720Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Craig Collard 2026-07-31Form 42026-08-030001193125-26-329694Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Craig Collard 2026-07-31Form 42026-08-030001193125-26-329694Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Ira Duarte 2026-07-31Form 42026-08-030001193125-26-329720Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Ira Duarte 2026-07-31Form 42026-08-030001193125-26-329720Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, William Forbes 2026-07-31Form 42026-08-030001193125-26-329804Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, William Forbes 2026-07-31Form 42026-08-030001193125-26-329804Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Mark Hensley 2026-07-31Form 42026-08-030001193125-26-329848Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Mark Hensley 2026-07-31Form 42026-08-030001193125-26-329848Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, Mark Hensley 2026-08-06Form 42026-08-100001193125-26-341528Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, Mark Hensley 2026-08-06Form 42026-08-100001193125-26-341528Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, Mark Hensley 2026-08-06Form 42026-08-100001193125-26-341528Insider equity transaction reported since the proxy statement. Filing ↗
73Section 06, 2026 voteForm 8-K2026-06-160001193125-26-272388Item 5.07 · say-on-pay result. As reported: 86.45% (votes for as printed: 77,315,474). Filing ↗
74Section 06, 2024 voteForm 8-K2024-06-180000950170-24-074952Item 5.07 · say-on-pay result. As reported: 83.44% (votes for as printed: 72,711,988). Filing ↗
75Section 06, 2023 voteForm 8-K2023-06-120000950170-23-027374Item 5.07 · say-on-pay result. As reported: 97.57% (votes for as printed: 69,340,148). Filing ↗
76Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
77Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
78Section 09b board cost (computed)Computed——Cash 406,445 + equity 438,953 + all other 0 = 845,398, summed across the director compensation table rows.machine: formula: Σ = 845,398
79Ocular Therapeutics, Section 10b CEO totalDEF 14A2026-04-300001104659-26-053176CEO total compensation as printed in Ocular Therapeutics's own proxy. As printed: 35,946,958. Filing ↗machine: t128 · r3 · c15 · span 574379–574389
80Harrow, Section 10b CEO totalDEF 14A2026-04-240001493152-26-018912CEO total compensation as printed in Harrow's own proxy. As printed: 23,606,274. Filing ↗machine: t87 · r1 · c26 · span 386989–386999
81ANI Pharmaceuticals, Section 10b CEO totalDEF 14A2026-04-090001023024-26-000039CEO total compensation as printed in ANI Pharmaceuticals's own proxy. As printed: 10,278,620. Filing ↗machine: r2 · c48 · span 484144–484154
82Travere Therapeutics, Section 10b CEO totalDEF 14A2026-04-060001438533-26-000027CEO total compensation as printed in Travere Therapeutics's own proxy. As printed: 8,457,151. Filing ↗machine: span 558514–558523
83Sage Therapeutics, Section 10b CEO totalDEF 14A2025-04-240000950170-25-058060CEO total compensation as printed in Sage Therapeutics's own proxy. As printed: 7,112,589. Filing ↗machine: r4 · c28 · span 1143784–1143793
84Phantom Pharmaceuticals, Section 10b CEO totalDEF 14A2026-04-070001193125-26-144570CEO total compensation as printed in Phantom Pharmaceuticals's own proxy. As printed: 6,968,070. Filing ↗machine: r2 · c21 · span 619155–619164
85Akebia Therapeutics, Section 10b CEO totalDEF 14A2026-04-280001517022-26-000034CEO total compensation as printed in Akebia Therapeutics's own proxy. As printed: 5,652,339. Filing ↗machine: r3 · c39 · span 516847–516856
86Innoviva, Section 10b CEO totalDEF 14A2026-03-240001140361-26-010912CEO total compensation as printed in Innoviva's own proxy. As printed: 5,400,197. Filing ↗machine: t108 · r1 · c25 · span 555478–555487
87Xeris Biopharma Holdings, Section 10b CEO totalDEF 14A2026-04-230001867096-26-000021CEO total compensation as printed in Xeris Biopharma Holdings's own proxy. As printed: 5,042,584. Filing ↗machine: r3 · c42 · span 463532–463541
88Rigel Pharmaceuticals, Section 10b CEO totalDEF 14A2026-04-030001034842-26-000023CEO total compensation as printed in Rigel Pharmaceuticals's own proxy. As printed: 4,658,805. Filing ↗machine: t120 · r3 · c22 · span 886059–886068
89Y-mAbs Therapeutics, Section 10b CEO totalDEF 14A2025-05-300001558370-25-008299CEO total compensation as printed in Y-mAbs Therapeutics's own proxy. As printed: 4,557,590. Filing ↗machine: r5 · c23 · span 597595–597604
90UroGen Pharma, Section 10b CEO totalDEF 14A2026-04-300001437749-26-014237CEO total compensation as printed in UroGen Pharma's own proxy. As printed: 4,310,624. Filing ↗machine: r1 · c29 · span 562926–562935
91Vanda Pharmaceuticals, Section 10b CEO totalDEF 14A2026-04-230001628280-26-026893CEO total compensation as printed in Vanda Pharmaceuticals's own proxy. As printed: 3,851,468. Filing ↗machine: span 563696–563705
92Lexicon Pharmaceuticals, Section 10b CEO totalDEF 14A2026-03-160001062822-26-000056CEO total compensation as printed in Lexicon Pharmaceuticals's own proxy. As printed: 3,553,953. Filing ↗machine: t16 · r2 · c25 · span 400176–400185
93Esperion Therapeutics, Section 10b CEO totalDEF 14A2026-04-160001628280-26-025499CEO total compensation as printed in Esperion Therapeutics's own proxy. As printed: 3,535,512. Filing ↗machine: span 423838–423847
94Heron Therapeutics, Inc. (subject), Section 10b CEO totalDEF 14A2026-04-300001193125-26-196306CEO total compensation as printed in Heron Therapeutics, Inc.'s own proxy. As printed: 3,516,291. Filing ↗machine: span 728212–728221
95G1 Therapeutics, Section 10b CEO totalDEF 14A2024-04-250001193125-24-113902CEO total compensation as printed in G1 Therapeutics's own proxy. As printed: 3,250,658. Filing ↗machine: r3 · c31 · span 348805–348814
96Coherus BioSciences, Section 10b CEO totalDEF 14A2026-04-200001104659-26-045251CEO total compensation as printed in Coherus BioSciences's own proxy. As printed: 2,736,874. Filing ↗
97OptiNose, Section 10b CEO totalDEF 14A2024-04-260001494650-24-000047CEO total compensation as printed in OptiNose's own proxy. As printed: 2,414,265. Filing ↗machine: r2 · c48 · span 415104–415113
98Collegium Pharmaceuticals, Section 10b CEO totalDEF 14A2026-04-070001628280-26-024063CEO total compensation as printed in Collegium Pharmaceuticals's own proxy. As printed: 1,715,846. Filing ↗machine: r2 · c48 · span 779394–779403
99Section 10a, Travere Therapeutics reciprocityDEF 14A—0001438533-26-000027Travere Therapeutics's most recent proxy was read; its disclosed peer group does not include Heron Therapeutics, Inc.. Filing ↗
100Section 10a, Akebia Therapeutics reciprocityDEF 14A—0001517022-26-000034Akebia Therapeutics names Heron Therapeutics, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
101Section 10a, ANI Pharmaceuticals reciprocityDEF 14A—0001023024-26-000039ANI Pharmaceuticals's most recent proxy was read; its disclosed peer group does not include Heron Therapeutics, Inc.. Filing ↗
102Section 10a, Coherus BioSciences reciprocityDEF 14A—0001104659-26-045251Coherus BioSciences names Heron Therapeutics, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
103Section 10a, Collegium Pharmaceuticals reciprocityDEF 14A—0001628280-26-024063Collegium Pharmaceuticals's most recent proxy was read; its disclosed peer group does not include Heron Therapeutics, Inc.. Filing ↗
104Section 10a, Esperion Therapeutics reciprocityDEF 14A—0001628280-25-018229Esperion Therapeutics's most recent proxy was read; its disclosed peer group does not include Heron Therapeutics, Inc.. Filing ↗
105Section 10a, Harrow reciprocityDEF 14A—0001493152-26-018912Harrow names Heron Therapeutics, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
106Section 10a, Innoviva reciprocityDEF 14A—0001140361-26-010912Innoviva's most recent proxy was read; its disclosed peer group does not include Heron Therapeutics, Inc.. Filing ↗
107Section 10a, Lexicon Pharmaceuticals reciprocityDEF 14A—0001062822-26-000056Lexicon Pharmaceuticals's most recent proxy was read; its disclosed peer group does not include Heron Therapeutics, Inc.. Filing ↗
108Section 10a, Ocular Therapeutics reciprocityDEF 14A—0001104659-26-053176Ocular Therapeutics's most recent proxy was read; its disclosed peer group does not include Heron Therapeutics, Inc.. Filing ↗
109Section 10a, Rigel Pharmaceuticals reciprocityDEF 14A—0001034842-26-000023Rigel Pharmaceuticals names Heron Therapeutics, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
110Section 10a, UroGen Pharma reciprocityDEF 14A—0001437749-26-014237UroGen Pharma's most recent proxy was read; its disclosed peer group does not include Heron Therapeutics, Inc.. Filing ↗
111Section 10a, Vanda Pharmaceuticals reciprocityDEF 14A—0001628280-26-026893Vanda Pharmaceuticals names Heron Therapeutics, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
112Section 10a, Xeris Biopharma Holdings reciprocityDEF 14A—0001867096-26-000021Xeris Biopharma Holdings's most recent proxy was read; its disclosed peer group does not include Heron Therapeutics, Inc.. Filing ↗
113Section 10a, G1 Therapeutics reciprocityDEF 14A—0001193125-24-113902G1 Therapeutics's most recent proxy was read; its disclosed peer group does not include Heron Therapeutics, Inc.. Filing ↗
114Section 10a, Sage Therapeutics reciprocityDEF 14A—0000950170-25-058060Sage Therapeutics's most recent proxy was read; its disclosed peer group does not include Heron Therapeutics, Inc.. Filing ↗
115Section 10a, Y-mAbs Therapeutics reciprocityDEF 14A—0001558370-25-008299Y-mAbs Therapeutics names Heron Therapeutics, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗

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