CEO Douglas Treco was paid $2,485,392 in fiscal year 2024, ↓ down 53.1% from fiscal year 2023 (SEC filing 0000950170-25-060198 ↗): 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.
$2,485,392 ↓ Douglas Treco total, FY2024 | — CEO pay percentile vs peers | — CEO-to-median pay ratio | — Say-on-pay support, latest vote |
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| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Douglas Treco | $541,667 | $0 | $0 | $1,933,375 | $0 | $0 | $10,350 | $2,485,392 |
| Chief Executive Officer and Chairman | ||||||||
| Matthew Winton | 456,750 | 0 | — | 1,162,799 | 135,000 | 0 | 10,350 | 1,764,899 |
| Senior Vice President and Chief Operating Officer | ||||||||
| Sanjay Subramanian | 462,033 | 0 | 0 | 1,096,354 | 135,000 | 0 | 10,350 | 1,703,737 |
| Senior Vice President and Chief Financial Officer and Head of Business Development | ||||||||
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.
| Named executive officer | FY2024 total | FY2023 total | FY2022 total | Δ FY2023→2024 |
|---|---|---|---|---|
| Douglas Treco | $2,485,392 | $5,299,476 | — | ↓ −2,814,084 |
| Matthew Winton | 1,764,899 | 1,548,627 | — | ↑ +216,272 |
| Sanjay Subramanian | 1,703,737 | 1,032,937 | — | ↑ +670,800 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.
| Executive | Role | FY2024 total |
|---|---|---|
| Douglas Treco | CEO | $2,485,392 |
| Matthew Winton | COO | $1,764,899 |
| Sanjay Subramanian | CFO | $1,703,737 |
One page per director: the seat, the committees and the fee table, read for one person at a time.
| Director | Role | FY2024 total |
|---|---|---|
| Axel Bolte | Director | $164,093 |
| Edward Mathers | Independent Director | $170,950 |
| Erik Harris | Independent Director | $282,286 |
| Lynne Sullivan | Independent Director | $176,950 |
| Martin Edwards | Independent Director | $185,450 |
| Reinaldo Diaz | Lead Independent Director | $191,325 |
| Robert Hopfner | Independent Director | $166,950 |
| Sarah Bhagat | Independent Director | $171,966 |
Every insider equity transaction reported on Form 4 after the 2024 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Axel Bolte | Director | 2025-05-15 | A | 152,823 | $1 | $149,767 | Common | Form 4 ↗ |
| Axel Bolte | Director | 2025-05-15 | D | 152,823 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Axel Bolte | Director | 2025-05-15 | D | 4,407 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Axel Bolte | Director | 2025-05-15 | A | 4,407 | 1 | 4,319 | Common | Form 4 ↗ |
| Sanjay Subramanian | SVP, CFO & Head of BD | 2025-06-25 | A | 6,813 | 1 | 5,042 | Common | Form 4 ↗ |
| Douglas A. Treco | Director | 2025-06-25 | A | 2,815 | 1 | 2,083 | Common | Form 4 ↗ |
| Matthew Winton | COO | 2025-06-25 | A | 14,355 | 1 | 10,623 | Common | Form 4 ↗ |
| Robert Hopfner | Director | 2025-07-01 | D | 2,923,110 | 4 | 11,692,440 | Common | Form 4 ↗ |
| Douglas A. Treco | Director | 2025-07-01 | D | 400,000 | — | — | Derivative, Class A Common | Form 4 ↗ |
| Axel Bolte | Director | 2025-07-01 | D | 423,926 | 4 | 1,695,704 | Common | Form 4 ↗ |
| Matthew Winton | COO | 2025-07-01 | D | 145,000 | — | — | Derivative, Class A Common | Form 4 ↗ |
| Sanjay Subramanian | SVP, CFO & Head of BD | 2025-07-01 | D | 135,000 | — | — | Derivative, Class A Common | Form 4 ↗ |
| Sanjay Subramanian | SVP, CFO & Head of BD | 2025-07-01 | D | 38,500 | — | — | Derivative, Class A Common | Form 4 ↗ |
| Sanjay Subramanian | SVP, CFO & Head of BD | 2025-07-01 | D | 39,701 | 4 | 158,804 | Common | Form 4 ↗ |
| Robert Hopfner | Director | 2025-07-01 | D | 1,571,741 | 4 | 6,286,964 | Common | Form 4 ↗ |
| Douglas A. Treco | Director | 2025-07-01 | D | 43,861 | 4 | 175,444 | Common | Form 4 ↗ |
| Axel Bolte | Director | 2025-07-01 | D | 234,176 | — | — | Derivative, Class A Common | Form 4 ↗ |
| Sanjay Subramanian | SVP, CFO & Head of BD | 2025-07-01 | D | 145,000 | — | — | Derivative, Class A Common | Form 4 ↗ |
| Douglas A. Treco | Director | 2025-07-01 | D | 86,979 | — | — | Derivative, Class A Common | Form 4 ↗ |
| Axel Bolte | Director | 2025-07-01 | D | 159,187 | — | — | Derivative, Class A Common | Form 4 ↗ |
| Matthew Winton | COO | 2025-07-01 | D | 41,500 | — | — | Derivative, Class A Common | Form 4 ↗ |
| Sanjay Subramanian | SVP, CFO & Head of BD | 2025-07-01 | D | 180,000 | — | — | Derivative, Class A Common | Form 4 ↗ |
| Matthew Winton | COO | 2025-07-01 | D | 21,743 | 4 | 86,972 | Common | Form 4 ↗ |
| Douglas A. Treco | Director | 2025-07-01 | D | 150,000 | — | — | Derivative, Class A Common | Form 4 ↗ |
| Lynne Sullivan | Director | 2025-07-01 | D | 28,368 | — | — | Derivative, Class A Common | Form 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.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Matthew Winton | RSU | — | — | — | — | — | $1,162,799 |
| Douglas Treco | Option | — | — | — | — | — | 1,933,375 |
| Sanjay Subramanian | Option | — | — | — | — | — | 1,096,354 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Matthew Winton | $1,162,799 | $0 | $0 | 0.0% |
| Douglas Treco | 0 | 0 | 1,933,375 | 0.0% |
| Sanjay Subramanian | 0 | 0 | 1,096,354 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Douglas Treco | RSU | 75,000 | — | $207,750 |
| Douglas Treco | Option | 466,667 | 5.73 | — |
| Douglas Treco | Option | 243,750 | 5.77 | — |
| Sanjay Subramanian | Option | 56,250 | 3.96 | — |
| Sanjay Subramanian | Option | 75,938 | 3.3 | — |
| Sanjay Subramanian | Option | 134,063 | 5.77 | — |
| Matthew Winton | Option | 145,834 | 5.39 | — |
| Matthew Winton | Option | 142,188 | 5.77 | — |
The company's compensation program is designed to motivate executive officers to achieve annual goals based on strategic, financial, and operating performance objectives, while equity grants with time-based vesting features are used to promote retention and align executive interests with stockholders.
| CEO STI target (% of salary) | 55% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Alpine Rewards |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2024 | 2024-06-18 | — | — | — | — | — |
| 2023 | 2023-06-13 | — | — | — | — | — |
| 2022 | 2022-06-10 | — | — | — | — | — |
| 2021 | 2021-06-23 | — | — | — | — | — |
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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2024 | 2024-06-18 | —a |
| 2023 | 2023-06-13 | —b |
| 2022 | 2022-06-10 | —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.
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Erik HarrisIndependent · Newly elected | $9,783 | $0 | $272,503 | — | $0 | $282,286 |
| Reinaldo DiazIndependent · Lead Independent Director · Compensation (Chair) | 68,125 | 0 | 123,200 | — | 0 | 191,325 |
| Martin EdwardsIndependent · Nominating and Corporate Governance (Chair) · Audit · Research and Development (Chair) | 62,250 | 0 | 123,200 | — | 0 | 185,450 |
| Lynne SullivanIndependent · Audit (Chair) | 53,750 | 0 | 123,200 | — | 0 | 176,950 |
| Sarah BhagatIndependent · Audit | 48,766 | 0 | 123,200 | — | 0 | 171,966 |
| Edward MathersIndependent · Compensation · Nominating and Corporate Governance | 47,750 | 0 | 123,200 | — | 0 | 170,950 |
| Robert HopfnerIndependent · Compensation | 43,750 | 0 | 123,200 | — | 0 | 166,950 |
| Axel BolteNot independent · Research and Development | 40,893 | 0 | 123,200 | — | 0 | 164,093 |
| Douglas A. TrecoEmployee director · Board Chair · Research and Development | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $40,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 7,500 / 5,000 / 4,000 |
| Stock ownership guideline | — |
| Component | FY2024 |
|---|---|
| Cash retainers and fees | $375,067 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $375,067 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
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 | Inozyme Pharma | 2024 | Douglas Treco | $541,667 | $0 | $1,933,375 | $0 | $2,485,392 |
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.
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.
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.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Douglas Treco | DEF 14A | 2025-04-29 | 0000950170-25-060198 | Section “Executive Compensation”. As printed: 2,485,392. Filing ↗machine: span 345346–345355 |
| 2 | Section 01, Matthew Winton | DEF 14A | 2025-04-29 | 0000950170-25-060198 | Section “Executive Compensation”. As printed: 1,764,899. Filing ↗machine: r6 · c22 · span 377932–377941 |
| 3 | Section 01, Sanjay Subramanian | DEF 14A | 2025-04-29 | 0000950170-25-060198 | Section “Executive Compensation”. As printed: 1,703,737. Filing ↗machine: r4 · c22 · span 361577–361586 |
| 4 | Section 03, Matthew Winton RSU | DEF 14A | 2025-04-29 | 0000950170-25-060198 | Section “EXECUTIVE AND DIRECTOR COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t4 · r6 · c13 · span 374595–374604 |
| 5 | Section 03, Douglas Treco Option | DEF 14A | 2025-04-29 | 0000950170-25-060198 | Section “EXECUTIVE AND DIRECTOR COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t4 · r2 · c13 · span 341998–342007 |
| 6 | Section 03, Sanjay Subramanian Option | DEF 14A | 2025-04-29 | 0000950170-25-060198 | Section “EXECUTIVE AND DIRECTOR COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t4 · r4 · c13 · span 358267–358276 |
| 7 | Section 08, Erik Harris | DEF 14A | 2025-04-29 | 0000950170-25-060198 | Section “Director Compensation”. As printed: 282,286. Filing ↗machine: span 744216–744425 |
| 8 | Section 08, Reinaldo Diaz | DEF 14A | 2025-04-29 | 0000950170-25-060198 | Section “Director Compensation”. As printed: 191,325. Filing ↗machine: span 735344–735553 |
| 9 | Section 08, Martin Edwards | DEF 14A | 2025-04-29 | 0000950170-25-060198 | Section “Director Compensation”. As printed: 185,450. Filing ↗machine: span 739841–740050 |
| 10 | Section 08, Lynne Sullivan | DEF 14A | 2025-04-29 | 0000950170-25-060198 | Section “Director Compensation”. As printed: 176,950. Filing ↗machine: span 757723–757932 |
| 11 | Section 08, Sarah Bhagat | DEF 14A | 2025-04-29 | 0000950170-25-060198 | Section “Director Compensation”. As printed: 171,966. Filing ↗machine: span 726384–726691 |
| 12 | Section 08, Edward Mathers | DEF 14A | 2025-04-29 | 0000950170-25-060198 | Section “Director Compensation”. As printed: 170,950. Filing ↗machine: span 753226–753435 |
| 13 | Section 08, Robert Hopfner | DEF 14A | 2025-04-29 | 0000950170-25-060198 | Section “Director Compensation”. As printed: 166,950. Filing ↗machine: span 748704–748913 |
| 14 | Section 08, Axel Bolte | DEF 14A | 2025-04-29 | 0000950170-25-060198 | Section “Director Compensation”. As printed: 164,093. Filing ↗machine: span 730832–731041 |
| 15 | Section 08, Douglas A. Treco | DEF 14A | 2025-04-29 | 0000950170-25-060198 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 16 | Section 02, Axel Bolte 2025-05-15 | Form 4 | 2025-05-20 | 0000950170-25-075148 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 17 | Section 02, Axel Bolte 2025-05-15 | Form 4 | 2025-05-20 | 0000950170-25-075148 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 18 | Section 02, Axel Bolte 2025-05-15 | Form 4 | 2025-05-20 | 0000950170-25-075148 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 19 | Section 02, Axel Bolte 2025-05-15 | Form 4 | 2025-05-20 | 0000950170-25-075148 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 20 | Section 02, Sanjay Subramanian 2025-06-25 | Form 4 | 2025-06-27 | 0000950170-25-090862 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 21 | Section 02, Douglas A. Treco 2025-06-25 | Form 4 | 2025-06-27 | 0000950170-25-090864 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 22 | Section 02, Matthew Winton 2025-06-25 | Form 4 | 2025-06-27 | 0000950170-25-090868 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 23 | Section 02, Robert Hopfner 2025-07-01 | Form 4 | 2025-07-03 | 0000950170-25-094089 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 24 | Section 02, Douglas A. Treco 2025-07-01 | Form 4 | 2025-07-03 | 0000950170-25-094091 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 25 | Section 02, Axel Bolte 2025-07-01 | Form 4 | 2025-07-03 | 0000950170-25-094096 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 26 | Section 02, Matthew Winton 2025-07-01 | Form 4 | 2025-07-03 | 0000950170-25-094098 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 27 | Section 02, Sanjay Subramanian 2025-07-01 | Form 4 | 2025-07-03 | 0000950170-25-094103 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 28 | Section 02, Sanjay Subramanian 2025-07-01 | Form 4 | 2025-07-03 | 0000950170-25-094103 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 29 | Section 02, Sanjay Subramanian 2025-07-01 | Form 4 | 2025-07-03 | 0000950170-25-094103 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 30 | Section 02, Robert Hopfner 2025-07-01 | Form 4 | 2025-07-03 | 0000950170-25-094089 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 31 | Section 02, Douglas A. Treco 2025-07-01 | Form 4 | 2025-07-03 | 0000950170-25-094091 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 32 | Section 02, Axel Bolte 2025-07-01 | Form 4 | 2025-07-03 | 0000950170-25-094096 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 33 | Section 02, Sanjay Subramanian 2025-07-01 | Form 4 | 2025-07-03 | 0000950170-25-094103 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 34 | Section 02, Douglas A. Treco 2025-07-01 | Form 4 | 2025-07-03 | 0000950170-25-094091 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 35 | Section 02, Axel Bolte 2025-07-01 | Form 4 | 2025-07-03 | 0000950170-25-094096 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 36 | Section 02, Matthew Winton 2025-07-01 | Form 4 | 2025-07-03 | 0000950170-25-094098 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 37 | Section 02, Sanjay Subramanian 2025-07-01 | Form 4 | 2025-07-03 | 0000950170-25-094103 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 38 | Section 02, Matthew Winton 2025-07-01 | Form 4 | 2025-07-03 | 0000950170-25-094098 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 39 | Section 02, Douglas A. Treco 2025-07-01 | Form 4 | 2025-07-03 | 0000950170-25-094091 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 40 | Section 02, Lynne Sullivan 2025-07-01 | Form 4 | 2025-07-03 | 0000950170-25-094093 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 41 | Section 06, 2024 vote | Form 8-K | 2024-06-20 | 0000950170-24-075598 | Item 5.07 · say-on-pay result. As reported: —. Filing ↗ |
| 42 | Section 06, 2023 vote | Form 8-K | 2023-06-14 | 0000950170-23-027987 | Item 5.07 · say-on-pay result. As reported: —. Filing ↗ |
| 43 | Section 06, 2022 vote | Form 8-K | 2022-06-10 | 0000950170-22-011473 | Item 5.07 · say-on-pay result. As reported: —. Filing ↗ |
| 44 | Section 01 trend, Δ column (computed) | Computed | — | — | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 45 | Section 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 |
| 46 | Section 09b board cost (computed) | Computed | — | — | Cash 375,067 + equity 0 + all other 0 = 375,067, summed across the director compensation table rows.machine: formula: Σ = 375,067 |
| 47 | Inozyme Pharma (subject), Section 10b CEO total | DEF 14A | 2025-04-29 | 0000950170-25-060198 | CEO total compensation as printed in Inozyme Pharma's own proxy. As printed: 2,485,392. Filing ↗machine: span 345346–345355 |
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