Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-02

Invivyd (IVVD)

CEO William Duke was paid $2,141,222 in fiscal year 2025, ↑ up 236.9% from fiscal year 2024 (SEC filing 0001193125-26-143783 ↗): 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.

$2,486,155
Jill Andersen total, FY2025
Chief Legal Officer and Corporate Secretary — highest-paid officer; CEO William Duke: $2,141,222
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CEO (William Duke) pay percentile vs peers
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CEO-to-median pay ratio
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Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- William Duke (Chief Financial Officer (Principal Executive Officer)), FY2025 total compensation $2,141,222 (base salary $485,000) [exec_comp, SEC accession 0001193125-26-143783, filed 2026-04-06]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

IVVD's next annual pay disclosure, estimated April 5, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Jill Andersen$500,000$264,000$805,000$905,445$0$0$11,710$2,486,155
Chief Legal Officer and Corporate Secretary
William Duke485,000256,080483,000905,4450011,6972,141,222
Chief Financial Officer (Principal Executive Officer)
Timothy Lee455,000240,240483,000905,4450011,6262,095,311
Chief Commercial 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
Jill Andersen$2,486,155—$2,083,018—
William Duke2,141,222635,543—↑ +1,505,679
Timothy Lee2,095,3111,017,649—↑ +1,077,662

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

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Companies that benchmark against IVVD
3 companies name IVVD as a compensation peer

Each company listed discloses IVVD 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 IVVD in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

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
Ajay RoyanIndependent Director$110,162
Christine AkincFormer director (through FY2025)$81,145
Kevin F. McLaughlinIndependent Director$101,614
Marc EliaChair of the Board$125,960
Paul B. Bolno, M.DIndependent Director$134,351
Srishti Gupta, M.DFormer director (through FY2025)$19,368
Tamsin BerryIndependent Director$87,960
Terrance McGuireIndependent Director$84,460
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
Tamsin BerryDirector2026-05-19A50,000$0$0Derivative, Class A CommonForm 4 ↗
Paul BolnoDirector2026-05-19A32,87600Derivative, Class A CommonForm 4 ↗
Kevin F. McLaughlinDirector2026-05-19A50,00000Derivative, Class A CommonForm 4 ↗
Ajay RoyanDirector2026-05-19A50,00000Derivative, Class A CommonForm 4 ↗
Marc EliaDirector2026-05-19A50,00000Derivative, Class A CommonForm 4 ↗
Terrance McGuireDirector2026-05-19A50,00000Derivative, Class A CommonForm 4 ↗
Michael MinaCMO and Chief Epidemiologist2026-07-31A1,125,00000Derivative, Class A CommonForm 4 ↗
Robert D. Allen IIIChief Scientific Officer2026-08-15A102,000——CommonForm 4 ↗
Jill AndersenChief Legal Officer, Secretary2026-08-15A170,000——CommonForm 4 ↗
William DukeChief Financial Officer2026-08-15D102,00000Derivative, Class A CommonForm 4 ↗
Timothy LeeChief Commercial Officer2026-08-15D102,00000Derivative, Class A CommonForm 4 ↗
Robert D. Allen IIIChief Scientific Officer2026-08-15D102,00000Derivative, Class A CommonForm 4 ↗
Jill AndersenChief Legal Officer, Secretary2026-08-15D170,00000Derivative, Class A CommonForm 4 ↗
Timothy LeeChief Commercial Officer2026-08-15A102,000——CommonForm 4 ↗
Julie GreenChief Human Resources Officer2026-08-15D102,00000Derivative, Class A CommonForm 4 ↗
Julie GreenChief Human Resources Officer2026-08-15A102,000——CommonForm 4 ↗
William DukeChief Financial Officer2026-08-15A102,000——CommonForm 4 ↗
Robert D. Allen IIIChief Scientific Officer2026-08-17D20,679114,930CommonForm 4 ↗
Jill AndersenChief Legal Officer, Secretary2026-08-17D37,256126,899CommonForm 4 ↗
Julie GreenChief Human Resources Officer2026-08-17D22,355116,140CommonForm 4 ↗
Timothy LeeChief Commercial Officer2026-08-17D22,355116,140CommonForm 4 ↗
William DukeChief Financial Officer2026-08-17D22,355116,140CommonForm 4 ↗
Julie GreenChief Human Resources Officer2026-08-18D18,425115,530CommonForm 4 ↗
Jill AndersenChief Legal Officer, Secretary2026-08-18D30,706125,882CommonForm 4 ↗
William DukeChief Financial Officer2026-08-18D18,425115,530CommonForm 4 ↗
Robert D. Allen IIIChief Scientific Officer2026-08-18D17,043114,366CommonForm 4 ↗
Timothy LeeChief Commercial Officer2026-08-18D18,425115,530CommonForm 4 ↗
Marc EliaDirector2026-08-30A10,700,00000Derivative, Class A CommonForm 4 ↗
Ian SheffieldDirector2026-08-31A100,00000Derivative, Class A 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
Timothy LeeOption—————$905,445
William DukeRSU—————483,000
William DukeOption—————905,445
Jill AndersenRSU—————805,000
Timothy LeeRSU—————483,000
Jill AndersenOption—————905,445
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Timothy Lee$483,000$0$905,4450.0%
William Duke483,0000905,4450.0%
Jill Andersen805,0000905,4450.0%

% 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
Jill AndersenRSU335,000—$827,450
William DukeRSU201,000—496,470
Timothy LeeRSU201,000—496,470
William DukeOption686,1121.61—
William DukeOption328,1251.83—
Jill AndersenOption155,7301.44—
Timothy LeeOption375,0001.76—
William DukeOption66,6673.59—
Jill AndersenOption11,9806.78—
Jill AndersenOption40,1053.57—
Jill AndersenOption133,3343.59—
Jill AndersenOption686,1121.61—
Timothy LeeOption686,1121.61—
05

Incentive-plan design — the Compensation Discussion & Analysis

Our equity-based incentive awards granted to our named executive officers are designed to align the interests of our named executive officers with those of our stockholders.

CEO STI target (% of salary)40%
CEO LTI target (% of salary)—
Independent consultantAlpine Rewards
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-19—————
20252025-05-20—————
20242024-05-21—————
20232023-05-23—————
20222022-06-22—————

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
20262026-05-19—a
20252025-05-20—b
20242024-05-21—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.

07

CEO pay ratio

Ratio (CEO : median employee)—
CEO total compensation—
Median employee compensation—
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Paul B. Bolno, M.DIndependent · Compensation · Newly elected$12,351$0$122,000—$0$134,351
Marc EliaIndependent · Board Chair · Audit85,500040,460—0125,960
Ajay RoyanIndependent · Nominating and Corporate Governance · Newly elected31,111079,051—0110,162
Kevin F. McLaughlinIndependent · Audit (Chair) · Compensation61,154040,460—0101,614
Tamsin BerryIndependent · Audit47,500040,460—087,960
Terrance McGuireIndependent · Nominating and Corporate Governance44,000040,460—084,460
Christine AkincIndependent · Departed during FY40,685040,460—081,145
Srishti Gupta, M.DIndependent · Departed during FY19,3680——019,368
09

Board fee structure and ownership guideline

Annual cash retainer$40,000
Annual equity retainer$40,460
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)10,000 / 30,000
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$341,669
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$341,669

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Invivyd2025William Duke$485,000$483,000$905,445$0$2,141,222

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.

10d

Frequently asked questions

Who was the highest-paid executive at Invivyd in fiscal 2025?
As disclosed, Jill Andersen (Chief Legal Officer and Corporate Secretary) was the highest-paid executive at Invivyd in fiscal 2025, with total compensation of $2,486,155.
How much does Invivyd spend in total on board compensation for fiscal 2025?
As disclosed, Invivyd reported total board compensation of $341,669 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, Jill AndersenDEF 14A2026-04-060001193125-26-143783Section “Summary Compensation Table” · page 24. As printed: 2,486,155. Filing ↗machine: t9 · r4 · c20 · span 516489–516498
2Section 01, William DukeDEF 14A2026-04-060001193125-26-143783Section “Summary Compensation Table” · page 24. As printed: 2,141,222. Filing ↗machine: t9 · r2 · c20 · span 501097–501106
3Section 01, Timothy LeeDEF 14A2026-04-060001193125-26-143783Section “Summary Compensation Table” · page 24. As printed: 2,095,311. Filing ↗machine: t9 · r6 · c20 · span 531870–531879
4Section 03, Timothy Lee OptionDEF 14A2026-04-060001193125-26-143783Section “INFORMATION REGARDING THE BOARD OF DIRECTORS AND CORPORATE GOVERNANCE” · grants of plan-based awards table. Filing ↗machine: t9 · r6 · c14 · span 529821–529828
5Section 03, William Duke RSUDEF 14A2026-04-060001193125-26-143783Section “INFORMATION REGARDING THE BOARD OF DIRECTORS AND CORPORATE GOVERNANCE” · grants of plan-based awards table. Filing ↗machine: t9 · r2 · c11 · span 498023–498030
6Section 03, William Duke OptionDEF 14A2026-04-060001193125-26-143783Section “INFORMATION REGARDING THE BOARD OF DIRECTORS AND CORPORATE GOVERNANCE” · grants of plan-based awards table. Filing ↗machine: t9 · r2 · c14 · span 499048–499055
7Section 03, Jill Andersen RSUDEF 14A2026-04-060001193125-26-143783Section “INFORMATION REGARDING THE BOARD OF DIRECTORS AND CORPORATE GOVERNANCE” · grants of plan-based awards table. Filing ↗machine: t9 · r4 · c11 · span 513415–513422
8Section 03, Timothy Lee RSUDEF 14A2026-04-060001193125-26-143783Section “INFORMATION REGARDING THE BOARD OF DIRECTORS AND CORPORATE GOVERNANCE” · grants of plan-based awards table. Filing ↗machine: t9 · r6 · c11 · span 528796–528803
9Section 03, Jill Andersen OptionDEF 14A2026-04-060001193125-26-143783Section “INFORMATION REGARDING THE BOARD OF DIRECTORS AND CORPORATE GOVERNANCE” · grants of plan-based awards table. Filing ↗machine: t9 · r4 · c14 · span 514440–514447
10Section 07, pay ratio10-K2026-03-050001193125-26-092547Section “CEO Pay Ratio”. As printed: —. Filing ↗
11Section 08, Paul B. Bolno, M.DDEF 14A2026-04-060001193125-26-143783Section “Director Compensation”. As printed: 134,351. Filing ↗machine: t13 · r4 · c11 · span 768178–768387
12Section 08, Marc EliaDEF 14A2026-04-060001193125-26-143783Section “Director Compensation”. As printed: 125,960. Filing ↗machine: t13 · r5 · c11 · span 772775–772984
13Section 08, Ajay RoyanDEF 14A2026-04-060001193125-26-143783Section “Director Compensation”. As printed: 110,162. Filing ↗machine: t13 · r9 · c11 · span 791581–791790
14Section 08, Kevin F. McLaughlinDEF 14A2026-04-060001193125-26-143783Section “Director Compensation”. As printed: 101,614. Filing ↗machine: t13 · r8 · c11 · span 786752–786961
15Section 08, Tamsin BerryDEF 14A2026-04-060001193125-26-143783Section “Director Compensation”. As printed: 87,960. Filing ↗machine: t13 · r3 · c11 · span 763411–763619
16Section 08, Terrance McGuireDEF 14A2026-04-060001193125-26-143783Section “Director Compensation”. As printed: 84,460. Filing ↗machine: t13 · r7 · c11 · span 782146–782354
17Section 08, Christine AkincDEF 14A2026-04-060001193125-26-143783Section “Director Compensation”. As printed: 81,145. Filing ↗machine: t13 · r2 · c11 · span 758812–759020
18Section 08, Srishti Gupta, M.DDEF 14A2026-04-060001193125-26-143783Section “Director Compensation”. As printed: 19,368. Filing ↗machine: t13 · r6 · c3 · span 774781–774989
19Section 02, Tamsin Berry 2026-05-19Form 42026-05-210001193125-26-234656Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Paul Bolno 2026-05-19Form 42026-05-210001193125-26-234660Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Kevin F. McLaughlin 2026-05-19Form 42026-05-210001193125-26-234665Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Ajay Royan 2026-05-19Form 42026-05-210001193125-26-234666Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Marc Elia 2026-05-19Form 42026-05-210001193125-26-234661Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Terrance McGuire 2026-05-19Form 42026-05-210001193125-26-234662Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Michael Mina 2026-07-31Form 42026-08-040001193125-26-332844Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Robert D. Allen III 2026-08-15Form 42026-08-180001193125-26-355911Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Jill Andersen 2026-08-15Form 42026-08-180001193125-26-355912Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, William Duke 2026-08-15Form 42026-08-180001193125-26-355913Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Timothy Lee 2026-08-15Form 42026-08-180001193125-26-355915Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Robert D. Allen III 2026-08-15Form 42026-08-180001193125-26-355911Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Jill Andersen 2026-08-15Form 42026-08-180001193125-26-355912Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Timothy Lee 2026-08-15Form 42026-08-180001193125-26-355915Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Julie Green 2026-08-15Form 42026-08-180001193125-26-355914Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Julie Green 2026-08-15Form 42026-08-180001193125-26-355914Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, William Duke 2026-08-15Form 42026-08-180001193125-26-355913Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Robert D. Allen III 2026-08-17Form 42026-08-180001193125-26-355911Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Jill Andersen 2026-08-17Form 42026-08-180001193125-26-355912Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Julie Green 2026-08-17Form 42026-08-180001193125-26-355914Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Timothy Lee 2026-08-17Form 42026-08-180001193125-26-355915Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, William Duke 2026-08-17Form 42026-08-180001193125-26-355913Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Julie Green 2026-08-18Form 42026-08-180001193125-26-355914Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Jill Andersen 2026-08-18Form 42026-08-180001193125-26-355912Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, William Duke 2026-08-18Form 42026-08-180001193125-26-355913Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Robert D. Allen III 2026-08-18Form 42026-08-180001193125-26-355911Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Timothy Lee 2026-08-18Form 42026-08-180001193125-26-355915Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Marc Elia 2026-08-30Form 42026-09-010001193125-26-378862Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Ian Sheffield 2026-08-31Form 42026-09-020001193125-26-380337Insider equity transaction reported since the proxy statement. Filing ↗
48Section 06, 2026 voteForm 8-K2026-05-190001193125-26-230731Item 5.07 · say-on-pay result. As reported: —. Filing ↗
49Section 06, 2025 voteForm 8-K2025-05-200000950170-25-075199Item 5.07 · say-on-pay result. As reported: —. Filing ↗
50Section 06, 2024 voteForm 8-K2024-05-220000950170-24-063279Item 5.07 · say-on-pay result. As reported: —. Filing ↗
51Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
52Section 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
53Section 09b board cost (computed)Computed——Cash 341,669 + equity 0 + all other 0 = 341,669, summed across the director compensation table rows.machine: formula: Σ = 341,669
54Invivyd (subject), Section 10b CEO totalDEF 14A2026-04-060001193125-26-143783CEO total compensation as printed in Invivyd's own proxy. As printed: 2,141,222. Filing ↗machine: t9 · r2 · c20 · span 501097–501106

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