Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-31

Ionis Pharmaceuticals Inc (IONS)

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.

$13,350,777
Brett Monia total, FY2025
40th
CEO pay percentile vs peers
44:1
CEO-to-median pay ratio
96.38%
Say-on-pay support, latest vote
Companies that benchmark against IONS
34 companies name IONS as a compensation peer

Each company listed discloses IONS 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 IONS 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
Brett Monia$1,051,776$2,398,049$8,444,838$1,438,105$0$0$18,009$13,350,777
Chief Executive Officer
Elizabeth Hougen729,750831,9152,300,820516,8080043,0094,422,302
Executive Vice President, Finance and Chief Financial Officer
Richard Geary622,074661,8871,632,840366,7670047,8313,331,400
Executive Vice President, Chief Development Officer
Brian Birchler580,154617,2841,632,840366,7670048,0093,245,054
Executive Vice President, Corporate and Development Operations
Eric Swayze589,013626,7101,632,840366,7670018,0093,233,339
Executive Vice President, Research
Patrick O'Neil611,791581,2011,632,840366,7670018,0093,210,608
Executive Vice President, Chief Legal Officer and General Counsel

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
Brett Monia$13,350,777$15,400,343$12,500,023−2,049,566
Elizabeth Hougen4,422,3025,062,0612,891,527−639,759
Richard Geary3,331,4003,472,1482,559,293−140,748
Brian Birchler3,245,054
Eric Swayze3,233,3393,425,7722,558,065−192,433
Patrick O'Neil3,210,6083,431,2782,547,741−220,670

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

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
Joseph BaroldiEVP, Chief Business Officer2026-04-28D1,626$72$116,727CommonForm 4 ↗
Joseph Klein IIIDirector2026-05-01D1,43174106,534CommonForm 4 ↗
Joseph Klein IIIDirector2026-05-01A10,11147476,329CommonForm 4 ↗
Joseph Klein IIIDirector2026-05-01D8,68073636,704CommonForm 4 ↗
Joseph Klein IIIDirector2026-05-01D10,11100Derivative, Class A CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04D10,96800Derivative, Class A CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04A16,000651,036,800CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04D10,32100Derivative, Class A CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04A10,96838417,442CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04A12,00040480,600CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04A16,00043686,080CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04D17,781761,343,934CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04D12,00000Derivative, Class A CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04D16,00000Derivative, Class A CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04D16,00000Derivative, Class A CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04A10,32141423,987CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04D12,00000Derivative, Class A CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04D59,508754,457,292CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04A12,00060722,400CommonForm 4 ↗
Dividend-equivalent accruals2026-05-131,3161 insider, 1 accrual row
Brett P. MoniaDirector2026-05-13A1,3163342,902CommonForm 4 ↗
Brett P. MoniaDirector2026-05-13D1,31678102,665CommonForm 4 ↗
Brett P. MoniaDirector2026-05-13D3,22079253,347CommonForm 4 ↗
Brett P. MoniaDirector2026-05-13D3,22000Derivative, Class A CommonForm 4 ↗
Brett P. MoniaDirector2026-05-13A3,22033104,972CommonForm 4 ↗
Spencer R. BerthelsenDirector2026-06-01D8,00076605,360CommonForm 4 ↗
Spencer R. BerthelsenDirector2026-06-01D8,00000Derivative, Class A CommonForm 4 ↗
Spencer R. BerthelsenDirector2026-06-01A8,00024195,360CommonForm 4 ↗
Ludwig HantsonDirector2026-06-04A10,75300Derivative, Class A CommonForm 4 ↗
Peter N. ReikesDirector2026-06-04A10,75300Derivative, Class A CommonForm 4 ↗
Holly B. KordasiewiczEVP, Chief Development Officer2026-06-12A19,895571,129,638CommonForm 4 ↗
Holly B. KordasiewiczEVP, Chief Development Officer2026-06-12A12,00033391,200CommonForm 4 ↗
Holly B. KordasiewiczEVP, Chief Development Officer2026-06-12D21,00000Derivative, Class A CommonForm 4 ↗
Holly B. KordasiewiczEVP, Chief Development Officer2026-06-12D41,004732,997,122CommonForm 4 ↗
Holly B. KordasiewiczEVP, Chief Development Officer2026-06-12A21,000611,278,690CommonForm 4 ↗
Holly B. KordasiewiczEVP, Chief Development Officer2026-06-12D19,89500Derivative, Class A CommonForm 4 ↗
Holly B. KordasiewiczEVP, Chief Development Officer2026-06-12D7,95100Derivative, Class A CommonForm 4 ↗
Holly B. KordasiewiczEVP, Chief Development Officer2026-06-12D12,00000Derivative, Class A CommonForm 4 ↗
Holly B. KordasiewiczEVP, Chief Development Officer2026-06-12D19,842741,469,306CommonForm 4 ↗
Holly B. KordasiewiczEVP, Chief Development Officer2026-06-12A7,95161484,136CommonForm 4 ↗
Spencer R. BerthelsenDirector2026-06-15D8,00000Derivative, Class A CommonForm 4 ↗
Spencer R. BerthelsenDirector2026-06-15A8,00024195,360CommonForm 4 ↗
Spencer R. BerthelsenDirector2026-06-15D8,00073587,920CommonForm 4 ↗
Brett P. MoniaDirector2026-06-24D14,565781,142,082CommonForm 4 ↗
Brett P. MoniaDirector2026-06-24D14,56500Derivative, Class A CommonForm 4 ↗
Brett P. MoniaDirector2026-06-24D21,072781,653,941CommonForm 4 ↗
Brett P. MoniaDirector2026-06-24D50,00000Derivative, Class A CommonForm 4 ↗
Brett P. MoniaDirector2026-06-24A21,07233686,947CommonForm 4 ↗
Brett P. MoniaDirector2026-06-24D50,000814,029,500CommonForm 4 ↗
Brett P. MoniaDirector2026-06-24A50,000572,839,000CommonForm 4 ↗
Brett P. MoniaDirector2026-06-24A14,56533474,819CommonForm 4 ↗
Brett P. MoniaDirector2026-06-24D21,07200Derivative, Class A CommonForm 4 ↗
Eric SwayzeEVP Research2026-06-25D10,60279839,492CommonForm 4 ↗
Joseph BaroldiEVP, Chief Business Officer2026-06-26A3,86657219,511CommonForm 4 ↗
Joseph BaroldiEVP, Chief Business Officer2026-06-26A1,7693357,669CommonForm 4 ↗
Dividend-equivalent accruals2026-06-261,7691 insider, 1 accrual row
Eugene SchneiderEVP, Chf Clinical Develop Ofcr2026-06-26D26,00000Derivative, Class A CommonForm 4 ↗
Eugene SchneiderEVP, Chf Clinical Develop Ofcr2026-06-26D26,000812,107,196CommonForm 4 ↗
Eugene SchneiderEVP, Chf Clinical Develop Ofcr2026-06-26A26,000611,583,140CommonForm 4 ↗
Joseph BaroldiEVP, Chief Business Officer2026-06-26D5,63580451,699CommonForm 4 ↗
Joseph BaroldiEVP, Chief Business Officer2026-06-26D3,86600Derivative, Class A CommonForm 4 ↗
Patrick O'NeilEVP CLO & General Counsel2026-06-26D3,06980245,520CommonForm 4 ↗
Michael YangDirector2026-07-01A5,36900Derivative, Class A CommonForm 4 ↗
Joseph Klein IIIDirector2026-07-01A5,36900Derivative, Class A CommonForm 4 ↗
Michael HaydenDirector2026-07-01A5,36900Derivative, Class A CommonForm 4 ↗
Joseph Klein IIIDirector2026-07-01A2,30100Derivative, Class A CommonForm 4 ↗
Joseph Klein IIIDirector2026-07-01D11,51800Derivative, Class A CommonForm 4 ↗
Joseph Klein IIIDirector2026-07-01D99797,866CommonForm 4 ↗
Joan E. HermanDirector2026-07-01A2,30100Derivative, Class A CommonForm 4 ↗
Joan E. HermanDirector2026-07-01A5,36900Derivative, Class A CommonForm 4 ↗
Spencer R. BerthelsenDirector2026-07-01A2,30100Derivative, Class A CommonForm 4 ↗
Allene M. DiazDirector2026-07-01A2,30100Derivative, Class A CommonForm 4 ↗
Joseph LoscalzoDirector2026-07-01A5,36900Derivative, Class A CommonForm 4 ↗
Michael YangDirector2026-07-01A2,30100Derivative, Class A CommonForm 4 ↗
Joseph LoscalzoDirector2026-07-01A2,30100Derivative, Class A CommonForm 4 ↗
Joseph Klein IIIDirector2026-07-01A11,51840460,029CommonForm 4 ↗
Joseph Klein IIIDirector2026-07-01D11,41979902,551CommonForm 4 ↗
Michael HaydenDirector2026-07-01A2,30100Derivative, Class A CommonForm 4 ↗
Spencer R. BerthelsenDirector2026-07-01A5,36900Derivative, Class A CommonForm 4 ↗
Allene M. DiazDirector2026-07-01A5,36900Derivative, Class A CommonForm 4 ↗
C. Frank BennettEVP, Chief Scientific Officer2026-07-07D15,000851,281,930CommonForm 4 ↗
Allene M. DiazDirector2026-07-07A10,11147476,329CommonForm 4 ↗
Allene M. DiazDirector2026-07-07D10,11100Derivative, Class A CommonForm 4 ↗
Holly B. KordasiewiczEVP, Chief Development Officer2026-07-07D3628430,517CommonForm 4 ↗
C. Frank BennettEVP, Chief Scientific Officer2026-07-07D5,53684462,693CommonForm 4 ↗
C. Frank BennettEVP, Chief Scientific Officer2026-07-07D15,00000Derivative, Class A CommonForm 4 ↗
Allene M. DiazDirector2026-07-07D10,11185863,637CommonForm 4 ↗
C. Frank BennettEVP, Chief Scientific Officer2026-07-07A15,00000CommonForm 4 ↗
Joan E. HermanDirector2026-07-15D5,22000Derivative, Class A CommonForm 4 ↗
Spencer R. BerthelsenDirector2026-07-15D5,22000Derivative, Class A CommonForm 4 ↗
Joan E. HermanDirector2026-07-15A5,22000CommonForm 4 ↗
Ludwig HantsonDirector2026-07-15A3,39900Derivative, Class A CommonForm 4 ↗
Peter N. ReikesDirector2026-07-15A3,39900Derivative, Class A CommonForm 4 ↗
Spencer R. BerthelsenDirector2026-07-15A5,22000CommonForm 4 ↗
Michael HaydenDirector2026-07-30A15,00053800,700CommonForm 4 ↗
Michael HaydenDirector2026-07-30A5,00052258,000CommonForm 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.

View all 96 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Joseph BaroldiEVP, Chief Business Officer2026-04-28D1,626$72$116,727CommonForm 4 ↗
Joseph Klein IIIDirector2026-05-01D1,43174106,534CommonForm 4 ↗
Joseph Klein IIIDirector2026-05-01A10,11147476,329CommonForm 4 ↗
Joseph Klein IIIDirector2026-05-01D8,68073636,704CommonForm 4 ↗
Joseph Klein IIIDirector2026-05-01D10,11100Derivative, Class A CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04D10,96800Derivative, Class A CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04A16,000651,036,800CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04D10,32100Derivative, Class A CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04A10,96838417,442CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04A12,00040480,600CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04A16,00043686,080CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04D17,781761,343,934CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04D12,00000Derivative, Class A CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04D16,00000Derivative, Class A CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04D16,00000Derivative, Class A CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04A10,32141423,987CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04D12,00000Derivative, Class A CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04D59,508754,457,292CommonForm 4 ↗
Joseph LoscalzoDirector2026-05-04A12,00060722,400CommonForm 4 ↗
Brett P. MoniaDirector2026-05-13D1,31600Derivative, Class A CommonForm 4 ↗
Brett P. MoniaDirector2026-05-13A1,3163342,902CommonForm 4 ↗
Brett P. MoniaDirector2026-05-13D1,31678102,665CommonForm 4 ↗
Brett P. MoniaDirector2026-05-13D3,22079253,347CommonForm 4 ↗
Brett P. MoniaDirector2026-05-13D3,22000Derivative, Class A CommonForm 4 ↗
Brett P. MoniaDirector2026-05-13A3,22033104,972CommonForm 4 ↗
Spencer R. BerthelsenDirector2026-06-01D8,00076605,360CommonForm 4 ↗
Spencer R. BerthelsenDirector2026-06-01D8,00000Derivative, Class A CommonForm 4 ↗
Spencer R. BerthelsenDirector2026-06-01A8,00024195,360CommonForm 4 ↗
Ludwig HantsonDirector2026-06-04A10,75300Derivative, Class A CommonForm 4 ↗
Peter N. ReikesDirector2026-06-04A10,75300Derivative, Class A CommonForm 4 ↗
Holly B. KordasiewiczEVP, Chief Development Officer2026-06-12A19,895571,129,638CommonForm 4 ↗
Holly B. KordasiewiczEVP, Chief Development Officer2026-06-12A12,00033391,200CommonForm 4 ↗
Holly B. KordasiewiczEVP, Chief Development Officer2026-06-12D21,00000Derivative, Class A CommonForm 4 ↗
Holly B. KordasiewiczEVP, Chief Development Officer2026-06-12D41,004732,997,122CommonForm 4 ↗
Holly B. KordasiewiczEVP, Chief Development Officer2026-06-12A21,000611,278,690CommonForm 4 ↗
Holly B. KordasiewiczEVP, Chief Development Officer2026-06-12D19,89500Derivative, Class A CommonForm 4 ↗
Holly B. KordasiewiczEVP, Chief Development Officer2026-06-12D7,95100Derivative, Class A CommonForm 4 ↗
Holly B. KordasiewiczEVP, Chief Development Officer2026-06-12D12,00000Derivative, Class A CommonForm 4 ↗
Holly B. KordasiewiczEVP, Chief Development Officer2026-06-12D19,842741,469,306CommonForm 4 ↗
Holly B. KordasiewiczEVP, Chief Development Officer2026-06-12A7,95161484,136CommonForm 4 ↗
Spencer R. BerthelsenDirector2026-06-15D8,00000Derivative, Class A CommonForm 4 ↗
Spencer R. BerthelsenDirector2026-06-15A8,00024195,360CommonForm 4 ↗
Spencer R. BerthelsenDirector2026-06-15D8,00073587,920CommonForm 4 ↗
Brett P. MoniaDirector2026-06-24D14,565781,142,082CommonForm 4 ↗
Brett P. MoniaDirector2026-06-24D14,56500Derivative, Class A CommonForm 4 ↗
Brett P. MoniaDirector2026-06-24D21,072781,653,941CommonForm 4 ↗
Brett P. MoniaDirector2026-06-24D50,00000Derivative, Class A CommonForm 4 ↗
Brett P. MoniaDirector2026-06-24A21,07233686,947CommonForm 4 ↗
Brett P. MoniaDirector2026-06-24D50,000814,029,500CommonForm 4 ↗
Brett P. MoniaDirector2026-06-24A50,000572,839,000CommonForm 4 ↗
Brett P. MoniaDirector2026-06-24A14,56533474,819CommonForm 4 ↗
Brett P. MoniaDirector2026-06-24D21,07200Derivative, Class A CommonForm 4 ↗
Eric SwayzeEVP Research2026-06-25D10,60279839,492CommonForm 4 ↗
Joseph BaroldiEVP, Chief Business Officer2026-06-26A3,86657219,511CommonForm 4 ↗
Joseph BaroldiEVP, Chief Business Officer2026-06-26A1,7693357,669CommonForm 4 ↗
Joseph BaroldiEVP, Chief Business Officer2026-06-26D1,76900Derivative, Class A CommonForm 4 ↗
Eugene SchneiderEVP, Chf Clinical Develop Ofcr2026-06-26D26,00000Derivative, Class A CommonForm 4 ↗
Eugene SchneiderEVP, Chf Clinical Develop Ofcr2026-06-26D26,000812,107,196CommonForm 4 ↗
Eugene SchneiderEVP, Chf Clinical Develop Ofcr2026-06-26A26,000611,583,140CommonForm 4 ↗
Joseph BaroldiEVP, Chief Business Officer2026-06-26D5,63580451,699CommonForm 4 ↗
Joseph BaroldiEVP, Chief Business Officer2026-06-26D3,86600Derivative, Class A CommonForm 4 ↗
Patrick O'NeilEVP CLO & General Counsel2026-06-26D3,06980245,520CommonForm 4 ↗
Michael YangDirector2026-07-01A5,36900Derivative, Class A CommonForm 4 ↗
Joseph Klein IIIDirector2026-07-01A5,36900Derivative, Class A CommonForm 4 ↗
Michael HaydenDirector2026-07-01A5,36900Derivative, Class A CommonForm 4 ↗
Joseph Klein IIIDirector2026-07-01A2,30100Derivative, Class A CommonForm 4 ↗
Joseph Klein IIIDirector2026-07-01D11,51800Derivative, Class A CommonForm 4 ↗
Joseph Klein IIIDirector2026-07-01D99797,866CommonForm 4 ↗
Joan E. HermanDirector2026-07-01A2,30100Derivative, Class A CommonForm 4 ↗
Joan E. HermanDirector2026-07-01A5,36900Derivative, Class A CommonForm 4 ↗
Spencer R. BerthelsenDirector2026-07-01A2,30100Derivative, Class A CommonForm 4 ↗
Allene M. DiazDirector2026-07-01A2,30100Derivative, Class A CommonForm 4 ↗
Joseph LoscalzoDirector2026-07-01A5,36900Derivative, Class A CommonForm 4 ↗
Michael YangDirector2026-07-01A2,30100Derivative, Class A CommonForm 4 ↗
Joseph LoscalzoDirector2026-07-01A2,30100Derivative, Class A CommonForm 4 ↗
Joseph Klein IIIDirector2026-07-01A11,51840460,029CommonForm 4 ↗
Joseph Klein IIIDirector2026-07-01D11,41979902,551CommonForm 4 ↗
Michael HaydenDirector2026-07-01A2,30100Derivative, Class A CommonForm 4 ↗
Spencer R. BerthelsenDirector2026-07-01A5,36900Derivative, Class A CommonForm 4 ↗
Allene M. DiazDirector2026-07-01A5,36900Derivative, Class A CommonForm 4 ↗
C. Frank BennettEVP, Chief Scientific Officer2026-07-07D15,000851,281,930CommonForm 4 ↗
Allene M. DiazDirector2026-07-07A10,11147476,329CommonForm 4 ↗
Allene M. DiazDirector2026-07-07D10,11100Derivative, Class A CommonForm 4 ↗
Holly B. KordasiewiczEVP, Chief Development Officer2026-07-07D3628430,517CommonForm 4 ↗
C. Frank BennettEVP, Chief Scientific Officer2026-07-07D5,53684462,693CommonForm 4 ↗
C. Frank BennettEVP, Chief Scientific Officer2026-07-07D15,00000Derivative, Class A CommonForm 4 ↗
Allene M. DiazDirector2026-07-07D10,11185863,637CommonForm 4 ↗
C. Frank BennettEVP, Chief Scientific Officer2026-07-07A15,00000CommonForm 4 ↗
Joan E. HermanDirector2026-07-15D5,22000Derivative, Class A CommonForm 4 ↗
Spencer R. BerthelsenDirector2026-07-15D5,22000Derivative, Class A CommonForm 4 ↗
Joan E. HermanDirector2026-07-15A5,22000CommonForm 4 ↗
Ludwig HantsonDirector2026-07-15A3,39900Derivative, Class A CommonForm 4 ↗
Peter N. ReikesDirector2026-07-15A3,39900Derivative, Class A CommonForm 4 ↗
Spencer R. BerthelsenDirector2026-07-15A5,22000CommonForm 4 ↗
Michael HaydenDirector2026-07-30A15,00053800,700CommonForm 4 ↗
Michael HaydenDirector2026-07-30A5,00052258,000CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Elizabeth HougenPSU2025-01-157,75015,50031,000$756,555
Richard GearyPSU2025-01-155,50011,00022,000536,910
Patrick O'NeilPSU2025-01-155,50011,00022,000536,910
Eric SwayzePSU2025-01-155,50011,00022,000536,910
Patrick O'NeilRSU2025-01-1533,0001,095,930
Eric SwayzeRSU2025-01-1533,0001,095,930
Brett MoniaRSU2025-01-15129,3954,297,208
Brian BirchlerRSU2025-01-1533,0001,095,930
Brian BirchlerPSU2025-01-155,50011,00022,000536,910
Elizabeth HougenRSU2025-01-1546,5001,544,265
Brett MoniaPSU2025-01-1542,48884,975169,9504,147,630
Brett MoniaOPTION2025-01-0286,2631,438,105
Richard GearyOPTION2025-01-0222,000366,767
Brian BirchlerOPTION2025-01-0222,000366,767
Elizabeth HougenOPTION2025-01-0231,000516,808
Eric SwayzeOPTION2025-01-0222,000366,767
Patrick O'NeilOPTION2025-01-0222,000366,767
Richard GearyRSU2025-01-1533,0001,095,930
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Elizabeth Hougen$1,544,265$756,555$516,80826.9%
Richard Geary1,095,930536,910366,76726.9%
Patrick O'Neil1,095,930536,910366,76726.9%
Eric Swayze1,095,930536,910366,76726.9%
Brett Monia4,297,2084,147,6301,438,10542.0%
Brian Birchler1,095,930536,910366,76726.9%

% 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
Eric SwayzeRSU3,714$293,815
Brian BirchlerRSU33,0002,610,630
Patrick O'NeilRSU15,3001,210,383
Brian BirchlerRSU11,991948,608
Patrick O'NeilRSU8,603680,583
Eric SwayzeRSU8,603680,583
Richard GearyRSU5,500435,105
Brian BirchlerRSU5,500435,105
Richard GearyRSU4,250336,218
Eric SwayzeRSU4,250336,218
Patrick O'NeilRSU3,821302,279
Brian BirchlerOption14,16752.87
Elizabeth HougenOption31,00034.69
Brian BirchlerOption40732.6
Elizabeth HougenRSU4,139327,436
Brett MoniaRSU44,5023,520,553
Brett MoniaRSU129,39510,236,438
Brett MoniaOption60,71952.87
Elizabeth HougenRSU7,750613,103
Elizabeth HougenOption69032.6
Brian BirchlerRSU1,875148,331
Patrick O'NeilOption63732.6
Eric SwayzeOption6,21337.58
Patrick O'NeilRSU5,500435,105
Richard GearyRSU33,0002,610,630
Patrick O'NeilRSU33,0002,610,630
Eric SwayzeRSU15,3001,210,383
Brian BirchlerRSU8,603680,583
Richard GearyRSU11,991948,608
Richard GearyRSU8,603680,583
Patrick O'NeilOption22,00034.69
Eric SwayzeRSU5,500435,105
Brian BirchlerRSU4,250336,218
Patrick O'NeilRSU4,250336,218
Richard GearyRSU3,821302,279
Patrick O'NeilOption6,21337.58
Patrick O'NeilOption14,16752.87
Eric SwayzeRSU11,991948,608
Eric SwayzeRSU33,0002,610,630
Richard GearyRSU15,3001,210,383
Brian BirchlerRSU15,3001,210,383
Brett MoniaRSU12,6861,003,589
Elizabeth HougenRSU6,750533,993
Patrick O'NeilRSU11,991948,608
Eric SwayzeOption14,16752.87
Brett MoniaOption2,11532.6
Brian BirchlerOption93835.25
Eric SwayzeOption62032.6
Brian BirchlerOption22,00034.69
Elizabeth HougenOption7,02737.58
Richard GearyOption6,21337.58
Brian BirchlerOption6,21337.58
Richard GearyOption14,16752.87
Eric SwayzeOption22,00034.69
Richard GearyOption22,00034.69
Elizabeth HougenRSU24,3001,922,373
Elizabeth HougenOption22,50052.87
Brett MoniaOption86,26334.69
Brett MoniaRSU122,2149,668,350
Elizabeth HougenRSU46,5003,678,615
Elizabeth HougenRSU13,5621,072,890
Brett MoniaRSU65,5765,187,717
Brett MoniaRSU42,4873,361,147
Brett MoniaRSU35,8872,839,021
Brett MoniaOption32,14137.58
Elizabeth HougenRSU9,730769,740
Brian BirchlerRSU2,437192,791
Richard GearyOption63732.6
05

Incentive-plan design — the Compensation Discussion & Analysis

We design our compensation structure to drive the creation of long-term stockholder value and mitigate unnecessary or imprudent business risk taking. We use a combination of compensation vehicles that provide a balanced mix of fixed and variable cash incentives, and long-term stock incentives.

CEO STI target (% of salary)75%
CEO LTI target (% of salary)
Independent consultantAon Human Capital Solutions
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-04135,537,9735,088,105112,93796.38%Passed
20252025-06-05132,567,6065,738,006104,59095.78%Passed
20242024-06-06118,899,4754,228,901341,74096.57%Passed
20232023-06-01117,265,2412,746,636100,14897.63%Passed
20222022-06-0297,212,08416,817,773117,27085.16%Passed
20212021-06-02103,175,83911,890,249209,70689.67%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
20262026-06-0496.38%a
20252025-06-0595.78%b
20242024-06-0696.57%c

a. Approved under the standard stated in the filing — “Abstentions will have no effect on Proposals 1, 3, and 4.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes, if any, will have no effect.”.

c. Approved under the standard stated in the filing — “Abstentions will have no effect on Proposal 1 and Proposal 3.”.

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)44 : 1
CEO total compensation$13,350,777
Median employee compensation$304,680
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Joseph H. WenderIndependent · Compensation · Finance (Chair) · Nominating/Governance (Chair) · Not standing for re-election · Departed during FY$150,000$208,487$240,293$0$0$598,780
Joseph LoscalzoIndependent · Board Chair · Nominating/Governance · Medical and Science120,000208,487240,29300568,780
Spencer R. BerthelsenIndependent · Compensation (Chair) · Nominating/Governance · Medical and Science100,000208,487240,29300548,780
Joseph Klein IIIIndependent · Audit (Chair) · Finance95,000208,487240,29300543,780
Joan E. HermanIndependent · Audit · Compensation · Compliance92,500208,487240,29300541,280
B. Lynne ParshallIndependent · Compliance (Chair) · Finance · Not standing for re-election · Departed during FY90,000208,487240,29300538,780
Allene M. DiazIndependent · Audit · Compliance82,500208,487240,29300531,280
Michael HaydenIndependent · Medical and Science (Chair)80,000208,487240,29300528,780
Michael YangIndependent · Compliance70,000208,487240,29300518,780
Brett P. MoniaEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$60,000
Annual equity retainer$448,780
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)40,000
Stock ownership guideline5x base annual cash retainer
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$880,000
Equity awards (grant-date value)$1,876,383
All other compensation$0
Total cost of the board$2,756,383

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 Ionis Pharmaceuticals 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 Ionis Pharmaceuticals 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
1Exelixis2025Michael Morrissey$1,306,040$30,539,552$0$1,382,591$33,239,183
2Incyte Corporation2025William Meury647,26027,509,6572,573,9981,300,00032,085,952
3PTC Therapeutics2025Matthew Klein958,50016,593,8004,399,7601,294,00023,266,326
4Halozyme Therapeutics2025Helen Torley1,000,00019,350,1451,650,0141,147,50023,166,223
5BioMarin Pharmaceuticals2025Alexander Hardy1,130,76916,833,6291,909,3101,644,50021,927,563
6Jazz Pharmaceuticals2025Renee Gala1,003,26916,138,43301,980,00019,151,558
7United Therapeutics2025Martine Rothblatt1,545,0056,067,9906,075,8044,281,87518,038,972
8Exact Sciences Corp2024Kevin Conroy1,083,36813,496,1380712,32915,539,378
9Corcept Therapeutics Inc.2025Joseph Belanoff1,182,333012,907,718015,303,551
10Insmed2025William Lewis854,5502,999,9409,000,0331,495,46314,467,393
11Blueprint Medicines Corp2024Kathryn Haviland821,3637,472,4804,315,144854,21713,477,004
12Neurocrine Biosciences2025Kyle Gano920,0005,750,0235,750,006013,448,935
13Ionis Pharmaceuticals Inc2025Brett Monia1,051,7768,444,8381,438,105013,350,777
14BioCryst Pharmaceuticals, Inc.2025Jon Stonehouse728,466011,132,4581,052,63312,951,082
15Ultragenyx Pharmaceutical2025Emil Kakkis861,1008,364,9381,847,356299,66311,405,535
16Apellis Pharmaceuticals2024Cedric Francois793,1934,779,8324,787,768010,957,451
17Axsome Therapeutics, Inc.2025Herriot Tabuteau835,0005,533,5542,833,237876,75010,283,492
18Amicus Therapeutics2024Bradley Campbell767,3084,990,3652,105,62708,526,943
19Acadia Pharmaceuticals2025Catherine Owen Adams930,0003,240,5583,234,797818,5598,256,518
20Alkermes2025Richard Pops1,250,76905,020,8121,626,0007,915,081
21Sarepta Therapeutics2025Douglas Ingram1,171,4256,000,0050649,0007,840,666

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
Ionis Pharmaceuticals Inc228%RSU 67 · PSU 33Yes — Relative TSRAon Human Capital Solutions
Acadia Pharmaceuticals110%Options 50 · PSU 25 · RSU 25YesFW Cook
Alkermes130%PSU 53 · RSU 24 · Options 23Yes — Relative Total Shareholder Return (TSR)Alpine Rewards LLC
Amicus Therapeutics108%Options 33 · RSU 33 · PSU 33Yes — TSR GoalPay Governance
Apellis Pharmaceuticals90.74%not disclosedYes — Total Shareholder Return (TSR) relative to NASDAQ Biotechnology IndexPay Governance
Axsome Therapeutics, Inc.150%RSU 33 · Options 33 · PSU 33NoFrederic W. Cook & Co., Inc.
BioCryst Pharmaceuticals, Inc.170%not disclosednot disclosedAon Human Capital Solutions (division of Aon plc)
BioMarin Pharmaceuticals130%PSU 66 · RSU 21 · Options 13Yes — Relative TSRAon Human Capital Solutions
Blueprint Medicines Corp130%RSU 37 · Options 32 · PSU 31Yes — Relative Total Stockholder Return (rTSR)Aon (Human Capital Solutions practice, formerly Radford)
Corcept Therapeutics Inc.100%not disclosednot disclosednot disclosed
Exact Sciences Corp47%PSU 60 · RSU 40NoAon
Exelixis105%PSU 50 · RSU 50Yes — 2025 Relative TSR GoalAon
Halozyme Therapeutics127.5%PSU 50 · RSU 35 · Option 15NoF.W. Cook & Co., Inc.
Incyte Corporation138.6%PSU 60 · Options 20 · RSU 20Yes — relative total shareholder return (TSR)Aon
Insmed175%Options 75 · RSU 25NoWillis Towers Watson (WTW)
Jazz Pharmaceuticals150%PSU 50 · RSU 50Yes — Relative TSRAon
Neurocrine Biosciences105%Options 50 · PSU 30 · RSU 20NoFrederic W. Cook & Co., Inc.
PTC Therapeutics167%Options 50 · RSU 50Yes — TSR relative to Nasdaq Biotechnology IndexFW Cook
Sarepta Therapeutics100%RSU 50 · PSU 50NoFW Cook
Ultragenyx Pharmaceutical44%PSU 60 · RSU 20 · Options 20Yes — Relative TSRAon's Human Capital Solutions Practice
United Therapeutics221%Options 50 · PSU 50NoAon Human Capital Solutions

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.

FAQ

Frequently asked questions

Who was the highest-paid executive at Ionis Pharmaceuticals Inc in fiscal 2025?
As disclosed, the highest-paid executive at Ionis Pharmaceuticals Inc in fiscal 2025 was Brett Monia, Chief Executive Officer, with total compensation of $13,350,777.
How does Ionis Pharmaceuticals Inc's chief executive pay compare to its disclosed peer group?
The filing shows that Ionis Pharmaceuticals Inc's chief executive pay is at the 40th percentile of its disclosed peer group.
What is Ionis Pharmaceuticals Inc's CEO-to-median employee pay ratio?
The company reported a CEO-to-median employee pay ratio of 44:1.
How did shareholders vote on Ionis Pharmaceuticals Inc's executive compensation?
Shareholders approved the executive compensation plan with 96.38% support in the latest vote.
How much does Ionis Pharmaceuticals Inc spend in total on board compensation for fiscal 2025?
The filing shows that Ionis Pharmaceuticals Inc spent $2,756,383 in total on board compensation 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, Brett MoniaDEF 14A2026-04-230001140361-26-016388Section “Summary Compensation Table” · page 69. As printed: 13,350,777. Filing ↗machine: t325 · r3 · c25 · span 1543650–1543661
2Section 01, Elizabeth HougenDEF 14A2026-04-230001140361-26-016388Section “Summary Compensation Table” · page 69. As printed: 4,422,302. Filing ↗machine: t325 · r6 · c25 · span 1557695–1557705
3Section 01, Richard GearyDEF 14A2026-04-230001140361-26-016388Section “Summary Compensation Table” · page 69. As printed: 3,331,400. Filing ↗machine: t325 · r9 · c25 · span 1572320–1572330
4Section 01, Brian BirchlerDEF 14A2026-04-230001140361-26-016388Section “Summary Compensation Table” · page 69. As printed: 3,245,054. Filing ↗machine: t325 · r12 · c25 · span 1586150–1586160
5Section 01, Eric SwayzeDEF 14A2026-04-230001140361-26-016388Section “Summary Compensation Table” · page 69. As printed: 3,233,339. Filing ↗machine: t325 · r15 · c25 · span 1600570–1600580
6Section 01, Patrick O'NeilDEF 14A2026-04-230001140361-26-016388Section “Executive Compensation”. As printed: 3,210,608. Filing ↗
7Section 03, Elizabeth Hougen PSUDEF 14A2026-04-230001140361-26-016388Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t339 · r8 · c7 · span 1679108–1679114
8Section 03, Richard Geary PSUDEF 14A2026-04-230001140361-26-016388Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t339 · r11 · c7 · span 1692396–1692402
9Section 03, Patrick O'Neil PSUDEF 14A2026-04-230001140361-26-016388Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t339 · r20 · c7 · span 1734067–1734073
10Section 03, Eric Swayze PSUDEF 14A2026-04-230001140361-26-016388Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t339 · r17 · c7 · span 1720126–1720132
11Section 03, Patrick O'Neil RSUDEF 14A2026-04-230001140361-26-016388Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t339 · r19 · c13 · span 1730836–1730842
12Section 03, Eric Swayze RSUDEF 14A2026-04-230001140361-26-016388Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t339 · r16 · c13 · span 1717028–1717034
13Section 03, Brett Monia RSUDEF 14A2026-04-230001140361-26-016388Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t339 · r4 · c13 · span 1661553–1661560
14Section 03, Brian Birchler RSUDEF 14A2026-04-230001140361-26-016388Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t339 · r13 · c13 · span 1703259–1703265
15Section 03, Brian Birchler PSUDEF 14A2026-04-230001140361-26-016388Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t339 · r14 · c7 · span 1706843–1706849
16Section 03, Elizabeth Hougen RSUDEF 14A2026-04-230001140361-26-016388Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t339 · r7 · c13 · span 1675524–1675530
17Section 03, Brett Monia PSUDEF 14A2026-04-230001140361-26-016388Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t339 · r5 · c7 · span 1664653–1664659
18Section 03, Brett Monia OPTIONDEF 14A2026-04-230001140361-26-016388Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t339 · r3 · c25 · span 1659158–1659167
19Section 03, Richard Geary OPTIONDEF 14A2026-04-230001140361-26-016388Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t339 · r9 · c25 · span 1686905–1686912
20Section 03, Brian Birchler OPTIONDEF 14A2026-04-230001140361-26-016388Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t339 · r12 · c25 · span 1700461–1700468
21Section 03, Elizabeth Hougen OPTIONDEF 14A2026-04-230001140361-26-016388Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t339 · r6 · c25 · span 1672726–1672733
22Section 03, Eric Swayze OPTIONDEF 14A2026-04-230001140361-26-016388Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t339 · r15 · c25 · span 1714635–1714642
23Section 03, Patrick O'Neil OPTIONDEF 14A2026-04-230001140361-26-016388Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t339 · r18 · c25 · span 1728053–1728060
24Section 03, Richard Geary RSUDEF 14A2026-04-230001140361-26-016388Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t339 · r10 · c13 · span 1689298–1689304
25Section 07, pay ratioDEF 14A2026-04-230001140361-26-016388Section “CEO Pay Ratio”. As printed: 44 : 1. Filing ↗machine: span 2844499–2844506
26Section 08, Joseph H. WenderDEF 14A2026-04-230001140361-26-016388Section “Director Compensation”. As printed: 598,780. Filing ↗machine: t397 · r9 · c16 · span 2529972–2529980
27Section 08, Joseph LoscalzoDEF 14A2026-04-230001140361-26-016388Section “Director Compensation”. As printed: 568,780. Filing ↗machine: t397 · r7 · c16 · span 2522300–2522308
28Section 08, Spencer R. BerthelsenDEF 14A2026-04-230001140361-26-016388Section “Director Compensation”. As printed: 548,780. Filing ↗machine: t397 · r2 · c16 · span 2502804–2502812
29Section 08, Joseph Klein IIIDEF 14A2026-04-230001140361-26-016388Section “Director Compensation”. As printed: 543,780. Filing ↗machine: t397 · r6 · c16 · span 2518255–2518263
30Section 08, Joan E. HermanDEF 14A2026-04-230001140361-26-016388Section “Director Compensation”. As printed: 541,280. Filing ↗machine: t397 · r5 · c16 · span 2514601–2514609
31Section 08, B. Lynne ParshallDEF 14A2026-04-230001140361-26-016388Section “Director Compensation”. As printed: 538,780. Filing ↗machine: t397 · r8 · c16 · span 2525940–2525948
32Section 08, Allene M. DiazDEF 14A2026-04-230001140361-26-016388Section “Director Compensation”. As printed: 531,280. Filing ↗machine: t397 · r3 · c16 · span 2506884–2506892
33Section 08, Michael HaydenDEF 14A2026-04-230001140361-26-016388Section “Director Compensation”. As printed: 528,780. Filing ↗machine: t397 · r4 · c16 · span 2510535–2510543
34Section 08, Michael YangDEF 14A2026-04-230001140361-26-016388Section “Director Compensation”. As printed: 518,780. Filing ↗machine: t397 · r10 · c16 · span 2532899–2532907
35Section 08, Brett P. MoniaDEF 14A2026-04-230001140361-26-016388Section “Director Compensation”. As printed: 0. Filing ↗
36Section 02, Joseph Baroldi 2026-04-28Form 42026-04-300000874015-26-000179Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Joseph Klein III 2026-05-01Form 42026-05-050000874015-26-000182Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Joseph Klein III 2026-05-01Form 42026-05-050000874015-26-000182Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Joseph Klein III 2026-05-01Form 42026-05-050000874015-26-000182Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Joseph Klein III 2026-05-01Form 42026-05-050000874015-26-000182Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Joseph Loscalzo 2026-05-04Form 42026-05-060000874015-26-000183Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Joseph Loscalzo 2026-05-04Form 42026-05-060000874015-26-000183Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Joseph Loscalzo 2026-05-04Form 42026-05-060000874015-26-000183Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Joseph Loscalzo 2026-05-04Form 42026-05-060000874015-26-000183Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Joseph Loscalzo 2026-05-04Form 42026-05-060000874015-26-000183Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Joseph Loscalzo 2026-05-04Form 42026-05-060000874015-26-000183Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Joseph Loscalzo 2026-05-04Form 42026-05-060000874015-26-000183Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Joseph Loscalzo 2026-05-04Form 42026-05-060000874015-26-000183Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Joseph Loscalzo 2026-05-04Form 42026-05-060000874015-26-000183Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Joseph Loscalzo 2026-05-04Form 42026-05-060000874015-26-000183Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Joseph Loscalzo 2026-05-04Form 42026-05-060000874015-26-000183Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Joseph Loscalzo 2026-05-04Form 42026-05-060000874015-26-000183Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Joseph Loscalzo 2026-05-04Form 42026-05-060000874015-26-000183Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Joseph Loscalzo 2026-05-04Form 42026-05-060000874015-26-000183Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Brett P. Monia 2026-05-13Form 42026-05-150000874015-26-000185Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Brett P. Monia 2026-05-13Form 42026-05-150000874015-26-000185Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Brett P. Monia 2026-05-13Form 42026-05-150000874015-26-000185Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Brett P. Monia 2026-05-13Form 42026-05-150000874015-26-000185Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Brett P. Monia 2026-05-13Form 42026-05-150000874015-26-000185Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Brett P. Monia 2026-05-13Form 42026-05-150000874015-26-000185Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Spencer R. Berthelsen 2026-06-01Form 42026-06-030000874015-26-000188Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Spencer R. Berthelsen 2026-06-01Form 42026-06-030000874015-26-000188Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Spencer R. Berthelsen 2026-06-01Form 42026-06-030000874015-26-000188Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Ludwig Hantson 2026-06-04Form 42026-06-080000874015-26-000202Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Peter N. Reikes 2026-06-04Form 42026-06-080000874015-26-000203Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Holly B. Kordasiewicz 2026-06-12Form 42026-06-160000874015-26-000208Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Holly B. Kordasiewicz 2026-06-12Form 42026-06-160000874015-26-000208Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Holly B. Kordasiewicz 2026-06-12Form 42026-06-160000874015-26-000208Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Holly B. Kordasiewicz 2026-06-12Form 42026-06-160000874015-26-000208Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, Holly B. Kordasiewicz 2026-06-12Form 42026-06-160000874015-26-000208Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, Holly B. Kordasiewicz 2026-06-12Form 42026-06-160000874015-26-000208Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, Holly B. Kordasiewicz 2026-06-12Form 42026-06-160000874015-26-000208Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, Holly B. Kordasiewicz 2026-06-12Form 42026-06-160000874015-26-000208Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, Holly B. Kordasiewicz 2026-06-12Form 42026-06-160000874015-26-000208Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, Holly B. Kordasiewicz 2026-06-12Form 42026-06-160000874015-26-000208Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, Spencer R. Berthelsen 2026-06-15Form 42026-06-160000874015-26-000207Insider equity transaction reported since the proxy statement. Filing ↗
77Section 02, Spencer R. Berthelsen 2026-06-15Form 42026-06-160000874015-26-000207Insider equity transaction reported since the proxy statement. Filing ↗
78Section 02, Spencer R. Berthelsen 2026-06-15Form 42026-06-160000874015-26-000207Insider equity transaction reported since the proxy statement. Filing ↗
79Section 02, Brett P. Monia 2026-06-24Form 42026-06-260000874015-26-000212Insider equity transaction reported since the proxy statement. Filing ↗
80Section 02, Brett P. Monia 2026-06-24Form 42026-06-260000874015-26-000212Insider equity transaction reported since the proxy statement. Filing ↗
81Section 02, Brett P. Monia 2026-06-24Form 42026-06-260000874015-26-000212Insider equity transaction reported since the proxy statement. Filing ↗
82Section 02, Brett P. Monia 2026-06-24Form 42026-06-260000874015-26-000212Insider equity transaction reported since the proxy statement. Filing ↗
83Section 02, Brett P. Monia 2026-06-24Form 42026-06-260000874015-26-000212Insider equity transaction reported since the proxy statement. Filing ↗
84Section 02, Brett P. Monia 2026-06-24Form 42026-06-260000874015-26-000212Insider equity transaction reported since the proxy statement. Filing ↗
85Section 02, Brett P. Monia 2026-06-24Form 42026-06-260000874015-26-000212Insider equity transaction reported since the proxy statement. Filing ↗
86Section 02, Brett P. Monia 2026-06-24Form 42026-06-260000874015-26-000212Insider equity transaction reported since the proxy statement. Filing ↗
87Section 02, Brett P. Monia 2026-06-24Form 42026-06-260000874015-26-000212Insider equity transaction reported since the proxy statement. Filing ↗
88Section 02, Eric Swayze 2026-06-25Form 42026-06-260000874015-26-000211Insider equity transaction reported since the proxy statement. Filing ↗
89Section 02, Joseph Baroldi 2026-06-26Form 42026-06-300000874015-26-000218Insider equity transaction reported since the proxy statement. Filing ↗
90Section 02, Joseph Baroldi 2026-06-26Form 42026-06-300000874015-26-000218Insider equity transaction reported since the proxy statement. Filing ↗
91Section 02, Joseph Baroldi 2026-06-26Form 42026-06-300000874015-26-000218Insider equity transaction reported since the proxy statement. Filing ↗
92Section 02, Eugene Schneider 2026-06-26Form 42026-06-300000874015-26-000216Insider equity transaction reported since the proxy statement. Filing ↗
93Section 02, Eugene Schneider 2026-06-26Form 42026-06-300000874015-26-000216Insider equity transaction reported since the proxy statement. Filing ↗
94Section 02, Eugene Schneider 2026-06-26Form 42026-06-300000874015-26-000216Insider equity transaction reported since the proxy statement. Filing ↗
95Section 02, Joseph Baroldi 2026-06-26Form 42026-06-300000874015-26-000218Insider equity transaction reported since the proxy statement. Filing ↗
96Section 02, Joseph Baroldi 2026-06-26Form 42026-06-300000874015-26-000218Insider equity transaction reported since the proxy statement. Filing ↗
97Section 02, Patrick O'Neil 2026-06-26Form 42026-06-300000874015-26-000217Insider equity transaction reported since the proxy statement. Filing ↗
98Section 02, Michael Yang 2026-07-01Form 42026-07-060000874015-26-000232Insider equity transaction reported since the proxy statement. Filing ↗
99Section 02, Joseph Klein III 2026-07-01Form 42026-07-060000874015-26-000229Insider equity transaction reported since the proxy statement. Filing ↗
100Section 02, Michael Hayden 2026-07-01Form 42026-07-060000874015-26-000228Insider equity transaction reported since the proxy statement. Filing ↗
101Section 02, Joseph Klein III 2026-07-01Form 42026-07-060000874015-26-000229Insider equity transaction reported since the proxy statement. Filing ↗
102Section 02, Joseph Klein III 2026-07-01Form 42026-07-060000874015-26-000229Insider equity transaction reported since the proxy statement. Filing ↗
103Section 02, Joseph Klein III 2026-07-01Form 42026-07-060000874015-26-000229Insider equity transaction reported since the proxy statement. Filing ↗
104Section 02, Joan E. Herman 2026-07-01Form 42026-07-060000874015-26-000230Insider equity transaction reported since the proxy statement. Filing ↗
105Section 02, Joan E. Herman 2026-07-01Form 42026-07-060000874015-26-000230Insider equity transaction reported since the proxy statement. Filing ↗
106Section 02, Spencer R. Berthelsen 2026-07-01Form 42026-07-060000874015-26-000226Insider equity transaction reported since the proxy statement. Filing ↗
107Section 02, Allene M. Diaz 2026-07-01Form 42026-07-060000874015-26-000227Insider equity transaction reported since the proxy statement. Filing ↗
108Section 02, Joseph Loscalzo 2026-07-01Form 42026-07-060000874015-26-000231Insider equity transaction reported since the proxy statement. Filing ↗
109Section 02, Michael Yang 2026-07-01Form 42026-07-060000874015-26-000232Insider equity transaction reported since the proxy statement. Filing ↗
110Section 02, Joseph Loscalzo 2026-07-01Form 42026-07-060000874015-26-000231Insider equity transaction reported since the proxy statement. Filing ↗
111Section 02, Joseph Klein III 2026-07-01Form 42026-07-060000874015-26-000229Insider equity transaction reported since the proxy statement. Filing ↗
112Section 02, Joseph Klein III 2026-07-01Form 42026-07-060000874015-26-000229Insider equity transaction reported since the proxy statement. Filing ↗
113Section 02, Michael Hayden 2026-07-01Form 42026-07-060000874015-26-000228Insider equity transaction reported since the proxy statement. Filing ↗
114Section 02, Spencer R. Berthelsen 2026-07-01Form 42026-07-060000874015-26-000226Insider equity transaction reported since the proxy statement. Filing ↗
115Section 02, Allene M. Diaz 2026-07-01Form 42026-07-060000874015-26-000227Insider equity transaction reported since the proxy statement. Filing ↗
116Section 02, C. Frank Bennett 2026-07-07Form 42026-07-090000874015-26-000239Insider equity transaction reported since the proxy statement. Filing ↗
117Section 02, Allene M. Diaz 2026-07-07Form 42026-07-090000874015-26-000237Insider equity transaction reported since the proxy statement. Filing ↗
118Section 02, Allene M. Diaz 2026-07-07Form 42026-07-090000874015-26-000237Insider equity transaction reported since the proxy statement. Filing ↗
119Section 02, Holly B. Kordasiewicz 2026-07-07Form 42026-07-090000874015-26-000236Insider equity transaction reported since the proxy statement. Filing ↗
120Section 02, C. Frank Bennett 2026-07-07Form 42026-07-090000874015-26-000239Insider equity transaction reported since the proxy statement. Filing ↗
121Section 02, C. Frank Bennett 2026-07-07Form 42026-07-090000874015-26-000239Insider equity transaction reported since the proxy statement. Filing ↗
122Section 02, Allene M. Diaz 2026-07-07Form 42026-07-090000874015-26-000237Insider equity transaction reported since the proxy statement. Filing ↗
123Section 02, C. Frank Bennett 2026-07-07Form 42026-07-090000874015-26-000239Insider equity transaction reported since the proxy statement. Filing ↗
124Section 02, Joan E. Herman 2026-07-15Form 42026-07-170000874015-26-000245Insider equity transaction reported since the proxy statement. Filing ↗
125Section 02, Spencer R. Berthelsen 2026-07-15Form 42026-07-170000874015-26-000244Insider equity transaction reported since the proxy statement. Filing ↗
126Section 02, Joan E. Herman 2026-07-15Form 42026-07-170000874015-26-000245Insider equity transaction reported since the proxy statement. Filing ↗
127Section 02, Ludwig Hantson 2026-07-15Form 42026-07-170000874015-26-000246Insider equity transaction reported since the proxy statement. Filing ↗
128Section 02, Peter N. Reikes 2026-07-15Form 42026-07-170000874015-26-000247Insider equity transaction reported since the proxy statement. Filing ↗
129Section 02, Spencer R. Berthelsen 2026-07-15Form 42026-07-170000874015-26-000244Insider equity transaction reported since the proxy statement. Filing ↗
130Section 02, Michael Hayden 2026-07-30Form 42026-07-310000874015-26-000254Insider equity transaction reported since the proxy statement. Filing ↗
131Section 02, Michael Hayden 2026-07-30Form 42026-07-310000874015-26-000254Insider equity transaction reported since the proxy statement. Filing ↗
132Section 06, 2026 voteForm 8-K2026-06-080001140361-26-024407Item 5.07 · say-on-pay result. As reported: 96.38% (votes for as printed: 135,537,973). Filing ↗
133Section 06, 2025 voteForm 8-K2025-06-100001140361-25-022001Item 5.07 · say-on-pay result. As reported: 95.78% (votes for as printed: 132,567,606). Filing ↗
134Section 06, 2024 voteForm 8-K2024-06-100001140361-24-029588Item 5.07 · say-on-pay result. As reported: 96.57% (votes for as printed: 118,899,475). Filing ↗
135Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
136Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
137Section 09b board cost (computed)ComputedcomputedCash 880,000 + equity 1,876,383 + all other 0 = 2,756,383, summed across the director compensation table rows.machine: formula: Σ = 2,756,383
138Exelixis, Section 10b CEO totalDEF 14A2026-04-150000939767-26-000046CEO total compensation as printed in Exelixis's own proxy. As printed: 33,239,183. Filing ↗machine: r2 · c10 · span 2655516–2655526
139Incyte Corporation, Section 10b CEO totalDEF 14A2026-04-280000879169-26-000031CEO total compensation as printed in Incyte Corporation's own proxy. As printed: 32,085,952. Filing ↗machine: t91 · r2 · c16 · span 637817–637827
140PTC Therapeutics, Section 10b CEO totalDEF 14A2026-04-200001104659-26-045528CEO total compensation as printed in PTC Therapeutics's own proxy. As printed: 23,266,326. Filing ↗machine: t148 · r6 · c16 · span 769400–769410
141Halozyme Therapeutics, Section 10b CEO totalDEF 14A2026-03-230001159036-26-000041CEO total compensation as printed in Halozyme Therapeutics's own proxy. As printed: 23,166,223. Filing ↗machine: r3 · c48 · span 478282–478292
142BioMarin Pharmaceuticals, Section 10b CEO totalDEF 14A2026-04-210001628280-26-026290CEO total compensation as printed in BioMarin Pharmaceuticals's own proxy. As printed: 21,927,563. Filing ↗machine: span 1384905–1384915
143Jazz Pharmaceuticals, Section 10b CEO totalDEF 14A2026-06-080001232524-26-000029CEO total compensation as printed in Jazz Pharmaceuticals's own proxy. As printed: 19,151,558. Filing ↗machine: r3 · c27 · span 1437369–1437379
144United Therapeutics, Section 10b CEO totalDEF 14A2026-04-290001082554-26-000009CEO total compensation as printed in United Therapeutics's own proxy. As printed: 18,038,972. Filing ↗machine: span 1993726–1993736
145Exact Sciences Corp, Section 10b CEO totalDEF 14A2025-04-290001124140-25-000034CEO total compensation as printed in Exact Sciences Corp's own proxy. As printed: 15,539,378. Filing ↗machine: span 1077855–1077865
146Corcept Therapeutics Inc., Section 10b CEO totalDEF 14A2026-04-170001628280-26-025735CEO total compensation as printed in Corcept Therapeutics Inc.'s own proxy. As printed: 15,303,551. Filing ↗machine: span 283504–283514
147Insmed, Section 10b CEO totalDEF 14A2026-04-010001104506-26-000022CEO total compensation as printed in Insmed's own proxy. As printed: 14,467,393. Filing ↗machine: r4 · c51 · span 912553–912563
148Blueprint Medicines Corp, Section 10b CEO totalDEF 14A2025-04-240001558370-25-005415CEO total compensation as printed in Blueprint Medicines Corp's own proxy. As printed: 13,477,004. Filing ↗machine: t150 · r5 · c14 · span 1101152–1101162
149Neurocrine Biosciences, Section 10b CEO totalDEF 14A2026-04-150000914475-26-000015CEO total compensation as printed in Neurocrine Biosciences's own proxy. As printed: 13,448,935. Filing ↗machine: t50 · r4 · c7 · span 847947–847957
150Ionis Pharmaceuticals Inc (subject), Section 10b CEO totalDEF 14A2026-04-230001140361-26-016388CEO total compensation as printed in Ionis Pharmaceuticals Inc's own proxy. As printed: 13,350,777. Filing ↗machine: t325 · r3 · c25 · span 1543650–1543661
151BioCryst Pharmaceuticals, Inc., Section 10b CEO totalDEF 14A2026-04-230001628280-26-026822CEO total compensation as printed in BioCryst Pharmaceuticals, Inc.'s own proxy. As printed: 12,951,082. Filing ↗machine: span 512256–512266
152Ultragenyx Pharmaceutical, Section 10b CEO totalDEF 14A2026-03-270001308179-26-000174CEO total compensation as printed in Ultragenyx Pharmaceutical's own proxy. As printed: 11,405,535. Filing ↗machine: span 668997–669007
153Apellis Pharmaceuticals, Section 10b CEO totalDEF 14A2025-04-230000950170-25-056966CEO total compensation as printed in Apellis Pharmaceuticals's own proxy. As printed: 10,957,451. Filing ↗machine: r2 · c25 · span 951555–951565
154Axsome Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-240001193125-26-177610CEO total compensation as printed in Axsome Therapeutics, Inc.'s own proxy. As printed: 10,283,492. Filing ↗machine: t51 · r2 · c27 · span 900236–900246
155Amicus Therapeutics, Section 10b CEO totalDEF 14A2025-04-240001140361-25-015479CEO total compensation as printed in Amicus Therapeutics's own proxy. As printed: 8,526,943. Filing ↗machine: r2 · c25 · span 736127–736137
156Acadia Pharmaceuticals, Section 10b CEO totalDEF 14A2026-04-240001193125-26-174163CEO total compensation as printed in Acadia Pharmaceuticals's own proxy. As printed: 8,256,518. Filing ↗machine: t33 · span 1170878–1170887
157Alkermes, Section 10b CEO totalDEF 14A2026-04-060001193125-26-143977CEO total compensation as printed in Alkermes's own proxy. As printed: 7,915,081. Filing ↗machine: r3 · c33 · span 2508258–2508267
158Sarepta Therapeutics, Section 10b CEO totalDEF 14A2026-04-240001193125-26-177247CEO total compensation as printed in Sarepta Therapeutics's own proxy. As printed: 7,840,666. Filing ↗machine: t34 · r2 · c25 · span 1454395–1454404
159Section 10a, Exact Sciences Corp reciprocityDEF 14A0001124140-25-000034Exact Sciences Corp's most recent proxy was read; its disclosed peer group does not include Ionis Pharmaceuticals Inc. Filing ↗
160Section 10a, United Therapeutics reciprocityDEF 14A0001082554-26-000009United Therapeutics names Ionis Pharmaceuticals Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
161Section 10a, Neurocrine Biosciences reciprocityDEF 14A0000914475-26-000015Neurocrine Biosciences names Ionis Pharmaceuticals Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
162Section 10a, Sarepta Therapeutics reciprocityDEF 14A0001193125-26-177247Sarepta Therapeutics names Ionis Pharmaceuticals Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
163Section 10a, Blueprint Medicines Corp reciprocityDEF 14A0001558370-25-005415Blueprint Medicines Corp's most recent proxy was read; its disclosed peer group does not include Ionis Pharmaceuticals Inc. Filing ↗
164Section 10a, Ultragenyx Pharmaceutical reciprocityDEF 14A0001308179-26-000174Ultragenyx Pharmaceutical names Ionis Pharmaceuticals Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
165Section 10a, BioMarin Pharmaceuticals reciprocityDEF 14A0001628280-26-026290BioMarin Pharmaceuticals names Ionis Pharmaceuticals Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
166Section 10a, Acadia Pharmaceuticals reciprocityDEF 14A0001193125-26-174163Acadia Pharmaceuticals names Ionis Pharmaceuticals Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
167Section 10a, Apellis Pharmaceuticals reciprocityDEF 14A0000950170-25-056966Apellis Pharmaceuticals names Ionis Pharmaceuticals Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
168Section 10a, Exelixis reciprocityDEF 14A0000939767-26-000046Exelixis names Ionis Pharmaceuticals Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
169Section 10a, Jazz Pharmaceuticals reciprocityDEF 14A0001232524-26-000029Jazz Pharmaceuticals's most recent proxy was read; its disclosed peer group does not include Ionis Pharmaceuticals Inc. Filing ↗
170Section 10a, Insmed reciprocityDEF 14A0001104506-26-000022Insmed names Ionis Pharmaceuticals Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
171Section 10a, Amicus Therapeutics reciprocityDEF 14A0001140361-25-015479Amicus Therapeutics names Ionis Pharmaceuticals Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
172Section 10a, Halozyme Therapeutics reciprocityDEF 14A0001159036-26-000041Halozyme Therapeutics names Ionis Pharmaceuticals Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
173Section 10a, Axsome Therapeutics, Inc. reciprocityDEF 14A0001193125-26-177610Axsome Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Ionis Pharmaceuticals Inc. Filing ↗
174Section 10a, BioCryst Pharmaceuticals, Inc. reciprocityDEF 14A0001628280-26-026822BioCryst Pharmaceuticals, Inc.'s most recent proxy was read; its disclosed peer group does not include Ionis Pharmaceuticals Inc. Filing ↗
175Section 10a, PTC Therapeutics reciprocityDEF 14A0001104659-26-045528PTC Therapeutics names Ionis Pharmaceuticals Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗