Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-10-13

Lyell Immunopharma, Inc. (LYEL)

CEO Lynn Seely was paid $4,222,265 in fiscal year 2025, ↑ up 182.4% from fiscal year 2024, the 33rd percentile of its disclosed peer group (SEC filing 0001140361-26-016686 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$4,222,265 ↑
Lynn Seely total, FY2025
33rd
CEO pay percentile vs peers
—
CEO-to-median pay ratio
99.94%
Say-on-pay support, latest vote

Track this company's pay every filing: join the Pro seat waitlist

Velarion Pro: every company page, peer tools and exports, one seat — $1,200/year

A confirmation now and one email when Pro opens, and nothing else. Privacy

LYEL's next annual pay disclosure, estimated April 27, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Lynn Seely$690,173$0$186,806$2,907,551$414,000$0$23,735$4,222,265
President, Chief Executive Officer and Director
Stephen Hill529,473062,2691,183,606291,50009,5912,076,439
Chief Operating Officer
Gary Lee520,015062,2691,093,547260,00006,7901,942,621
Chief Scientific 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
Lynn Seely$4,222,265$1,495,376$2,647,476↑ +2,726,889
Stephen Hill2,076,4391,342,8423,108,128↑ +733,597
Gary Lee1,942,621—2,226,356—

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

You have just read Lyell Immunopharma, Inc.'s Summary Compensation Table. The whole free brief as a PDF, emailed now, with every figure cited — then a few short notes on the deeper LYEL reports.

We send the PDF right away, then up to three short notes. Reply “unsubscribe” to any of them, any time.

Get the Lyell Immunopharma, Inc. Peer Teardown Report

$4,222,265 Lynn Seely total, FY2025

$199

The free page is the headline. The teardown reads every company in the disclosed peer group on its own numbers.

Data as of October 13, 2026 · Source: 0001140361-26-016686 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

Reports for LYEL

Every report below is generated from the same filings as the free brief above, at the moment of purchase. What each one adds:

Executive Compensation ReportThe free page is the headline figures. The report is every award, peer and vote combined into one document you can hand to a committee.$1,500 →Reverse Peer AnalysisThe free page is the one line. The analysis reads every company that names this one in its own peer group.$299 →Peer Teardown ReportThe free page is the headline. The teardown reads every company in the disclosed peer group on its own numbers.$199 →
LYELon Velarion Intel, free → The platform reading of this company, beside the same data as a subscription.

Order LYEL

Pick the report, add the email the receipt and the PDF go to, and pay by card on Stripe.

Receipt, invoice, and report delivery. Guest checkout, no account required, secure payment by Stripe.

How we handle your data → Privacy

Companies that benchmark against LYEL
7 companies name LYEL as a compensation peer

The list of companies that name LYEL as a peer is temporarily unavailable — recheck shortly.

Get the Lyell Immunopharma, Inc. Executive Compensation Report

$1,500

Buy the report - $1,500Both reports - $2,400
01b

Executives — the named officers

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.

ExecutiveRoleFY2025 total
Gary LeeChief Scientific Officer$1,942,621
Lynn SeelyCEO$4,222,265
Stephen HillCOO$2,076,439
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
Catherine FriedmanLead Independent Director$142,609
Elizabeth NabelIndependent Director$102,609
Mark BachledaIndependent Director$150,697
Otis BrawleyIndependent Director$97,609
Richard KlausnerChair of the Board$122,609
Robert NelsenFormer director (through FY2025)$21,464
Sumant RamachandraIndependent Director$93,916
William RieflinIndependent Director$115,109
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
Lynn SeelyDirector2026-05-11D388$19$7,337CommonForm 4 ↗
Gary LeeChief Scientific Officer2026-05-11D130192,460CommonForm 4 ↗
Veronica Sanchez BulisVP, Corporate Controller2026-05-11D217194,103CommonForm 4 ↗
Stephen HillChief Operating Officer2026-05-11D89191,684CommonForm 4 ↗
David ShookChief Medical Officer2026-06-10D1,9771324,989CommonForm 4 ↗
Mark BachledaDirector2026-06-10A9,25000Derivative, Class A CommonForm 4 ↗
Richard KlausnerDirector2026-06-10A9,25000Derivative, Class A CommonForm 4 ↗
William RieflinDirector2026-06-10A9,25000Derivative, Class A CommonForm 4 ↗
Elizabeth NabelDirector2026-06-10A9,25000Derivative, Class A CommonForm 4 ↗
Catherine FriedmanDirector2026-06-10A9,25000Derivative, Class A CommonForm 4 ↗
Otis BrawleyDirector2026-06-10A9,25000Derivative, Class A CommonForm 4 ↗
Sumant RamachandraDirector2026-06-10A9,25000Derivative, Class A CommonForm 4 ↗
Innovative Cellular Therapeutics Holdings LtdGreater-than-10% holder2026-06-15D66,50000CommonForm 4 ↗
Innovative Cellular Therapeutics Holdings LtdGreater-than-10% holder2026-06-29D76,00000CommonForm 4 ↗
Innovative Cellular Therapeutics Holdings LtdGreater-than-10% holder2026-07-16D1014137CommonForm 4 ↗
Innovative Cellular Therapeutics Holdings LtdGreater-than-10% holder2026-07-17D1014137CommonForm 4 ↗
Innovative Cellular Therapeutics Holdings LtdGreater-than-10% holder2026-07-27D38,50000CommonForm 4 ↗
Innovative Cellular Therapeutics Holdings LtdGreater-than-10% holder2026-07-27D44,00000CommonForm 4 ↗
Lynn SeelyDirector2026-08-10D390145,593CommonForm 4 ↗
Stephen HillChief Operating Officer2026-08-10D89141,276CommonForm 4 ↗
Gary LeeChief Scientific Officer2026-08-10D131141,879CommonForm 4 ↗
Veronica Sanchez BulisVP, Corporate Controller2026-08-10D621148,905CommonForm 4 ↗
Gary LeeChief Scientific Officer2026-08-21D1,4571622,642CommonForm 4 ↗
Stephen HillChief Operating Officer2026-08-21D9891615,369CommonForm 4 ↗
Lynn SeelyDirector2026-08-21D9,58916149,013CommonForm 4 ↗
Jarrad Mattieu AguirreChief Medical Officer2026-09-10A47,50000Derivative, Class A CommonForm 4 ↗
David ShookChief Medical Officer2026-09-10D500136,350CommonForm 4 ↗
Jarrad Mattieu AguirreChief Medical Officer2026-10-12D42293,642CommonForm 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
Stephen HillOTHER—————$62,269
Gary LeeOTHER—————62,269
Lynn SeelyOTHER—————186,806
03b

Vehicle mix — grant-date fair value by award type

Grant-level vehicle detail not disclosed.

% 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
Stephen HillOption17,80911.07—
Gary LeeOption17,80911.07—
Lynn SeelyPSU25,000—769,500
Lynn SeelyRSU20,000—615,600
Lynn SeelyRSU13,710—421,994
Stephen HillPSU5,000—153,900
Stephen HillRSU4,000—123,120
Gary LeePSU5,000—153,900
Stephen HillRSU4,569—140,634
Gary LeeRSU4,569—140,634
Gary LeeRSU4,000—123,120
Lynn SeelyOption53,43211.07—
Lynn SeelyOption175,00017.23—
Stephen HillOption13,11942.6—
Stephen HillOption10,82736—
Stephen HillOption75,00017.23—
Gary LeeOption8,75042.6—
Gary LeeOption10,82736—
Gary LeeOption68,00017.23—
05

Incentive-plan design — the Compensation Discussion & Analysis

Compensation is designed to attract and retain highly talented individuals, motivate employees to achieve short- and long-term results in the best interests of stockholders, and reflect a long-term commitment to the Company.

CEO STI target (% of salary)60%
CEO LTI target (% of salary)—
Independent consultantAlpine
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-1011,860,2186,613410,70999.94%Passed
20252025-05-15160,688,7451,547,34465,69799.05%Passed
20242024-06-14108,778,03646,997,7368,235,02269.83%Passed
20232023-06-16131,476,8343,278,72119,180,84497.57%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
20262026-06-1099.94%a
20252025-05-1599.05%b
20242024-06-1469.83%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes, if any, will have no effect and will not be counted towards the vote total for any proposal.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes, if any, will have no effect and will not be counted towards the vote total for any proposal.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes, if any, will have no effect and will not be counted towards the vote total for any proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

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

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Mark BachledaIndependent · Nominating and Corporate Governance · Newly elected$30,606$0$120,091$0$0$150,697
Catherine FriedmanIndependent · Lead Independent Director · Audit · Compensation (Chair)105,000037,60900142,609
Richard KlausnerNot independent · Board Chair85,000037,60900122,609
William RieflinIndependent · Audit (Chair) · Compensation77,500037,60900115,109
Elizabeth NabelIndependent · Nominating and Corporate Governance · Audit65,000037,60900102,609
Otis BrawleyIndependent · Nominating and Corporate Governance (Chair)60,000037,6090097,609
Sumant RamachandraIndependent · Compensation56,307037,6090093,916
Robert NelsenIndependent · Not standing for re-election · Departed during FY21,464000021,464
Lynn SeelyEmployee director000—00
09

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer$300,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 10,000
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$500,877
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$500,877

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
1Lyell Immunopharma, Inc.2025Lynn Seely$690,173$186,806$2,907,551$414,000$4,222,265

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 Lyell Immunopharma, Inc. in fiscal 2025?
As disclosed, Lynn Seely (President, Chief Executive Officer and Director) was the highest-paid executive at Lyell Immunopharma, Inc. in fiscal 2025, with total compensation of $4,222,265.
How does Lyell Immunopharma, Inc.'s chief executive pay compare to its disclosed peer group?
As disclosed, Lynn Seely's total compensation ranked at the 33rd percentile of Lyell Immunopharma, Inc.'s disclosed peer group.
How did shareholders vote on Lyell Immunopharma, Inc.'s executive compensation?
As disclosed, 99.94% of shareholders supported Lyell Immunopharma, Inc.'s executive compensation in the latest say-on-pay vote.
How much does Lyell Immunopharma, Inc. spend in total on board compensation for fiscal 2025?
As disclosed, Lyell Immunopharma, Inc. reported total board compensation of $500,877 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, Lynn SeelyDEF 14A2026-04-240001140361-26-016686Section “Summary Compensation Table” · page 29. As printed: 4,222,265. Filing ↗machine: r2 · c24 · span 450163–450172
2Section 01, Stephen HillDEF 14A2026-04-240001140361-26-016686Section “Summary Compensation Table” · page 29. As printed: 2,076,439. Filing ↗machine: r4 · c24 · span 459053–459062
3Section 01, Gary LeeDEF 14A2026-04-240001140361-26-016686Section “Summary Compensation Table” · page 29. As printed: 1,942,621. Filing ↗machine: r6 · c24 · span 467953–467962
4Section 03, Stephen Hill OTHERDEF 14A2026-04-240001140361-26-016686Section “TABLE OF CONTENTS INFORMATION REGARDING OUR BOARD OF DIRECTORS AND CORPORATE GOVERNANCE” · grants of plan-based awards table. Filing ↗machine: t107 · r4 · c12 · span 456745–456751
5Section 03, Gary Lee OTHERDEF 14A2026-04-240001140361-26-016686Section “TABLE OF CONTENTS INFORMATION REGARDING OUR BOARD OF DIRECTORS AND CORPORATE GOVERNANCE” · grants of plan-based awards table. Filing ↗machine: t107 · r6 · c12 · span 465970–465976
6Section 03, Lynn Seely OTHERDEF 14A2026-04-240001140361-26-016686Section “TABLE OF CONTENTS INFORMATION REGARDING OUR BOARD OF DIRECTORS AND CORPORATE GOVERNANCE” · grants of plan-based awards table. Filing ↗machine: t107 · r2 · c12 · span 448215–448222
7Section 07, pay ratio10-K2026-03-120001628280-26-017253Section “CEO Pay Ratio”. As printed: —. Filing ↗
8Section 08, Mark BachledaDEF 14A2026-04-240001140361-26-016686Section “Director Compensation”. As printed: 150,697. Filing ↗
9Section 08, Catherine FriedmanDEF 14A2026-04-240001140361-26-016686Section “Director Compensation”. As printed: 142,609. Filing ↗machine: span 284857–285039
10Section 08, Richard KlausnerDEF 14A2026-04-240001140361-26-016686Section “Director Compensation”. As printed: 122,609. Filing ↗machine: span 286667–286849
11Section 08, William RieflinDEF 14A2026-04-240001140361-26-016686Section “Director Compensation”. As printed: 115,109. Filing ↗machine: span 294439–294663
12Section 08, Elizabeth NabelDEF 14A2026-04-240001140361-26-016686Section “Director Compensation”. As printed: 102,609. Filing ↗machine: span 288746–288928
13Section 08, Otis BrawleyDEF 14A2026-04-240001140361-26-016686Section “Director Compensation”. As printed: 97,609. Filing ↗machine: span 282781–283002
14Section 08, Sumant RamachandraDEF 14A2026-04-240001140361-26-016686Section “Director Compensation”. As printed: 93,916. Filing ↗machine: span 292693–292914
15Section 08, Robert NelsenDEF 14A2026-04-240001140361-26-016686Section “Director Compensation”. As printed: 21,464. Filing ↗machine: span 289544–289764
16Section 08, Lynn SeelyDEF 14A2026-04-240001140361-26-016686Section “Director Compensation”. As printed: 0. Filing ↗
17Section 02, Lynn Seely 2026-05-11Form 42026-06-150001327111-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Gary Lee 2026-05-11Form 42026-06-150001907345-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Veronica Sanchez Bulis 2026-05-11Form 42026-06-150002095702-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Stephen Hill 2026-05-11Form 42026-06-150001866154-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, David Shook 2026-06-10Form 42026-06-110001959742-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Mark Bachleda 2026-06-10Form 42026-06-120001887762-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Richard Klausner 2026-06-10Form 42026-06-120001591178-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, William Rieflin 2026-06-10Form 42026-06-120001182471-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Elizabeth Nabel 2026-06-10Form 42026-06-120001619929-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Catherine Friedman 2026-06-10Form 42026-06-120001411874-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Otis Brawley 2026-06-10Form 42026-06-120001213029-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Sumant Ramachandra 2026-06-10Form 42026-06-120001439368-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Innovative Cellular Therapeutics Holdings Ltd 2026-06-15Form 42026-06-180001140361-26-025796Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Innovative Cellular Therapeutics Holdings Ltd 2026-06-29Form 42026-07-010001140361-26-027140Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Innovative Cellular Therapeutics Holdings Ltd 2026-07-16Form 42026-07-170001140361-26-028846Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Innovative Cellular Therapeutics Holdings Ltd 2026-07-17Form 42026-07-200001140361-26-028955Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Innovative Cellular Therapeutics Holdings Ltd 2026-07-27Form 42026-07-270001140361-26-029791Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Innovative Cellular Therapeutics Holdings Ltd 2026-07-27Form 42026-07-270001140361-26-029817Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Lynn Seely 2026-08-10Form 42026-08-110001327111-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Stephen Hill 2026-08-10Form 42026-08-110001866154-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Gary Lee 2026-08-10Form 42026-08-110001907345-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Veronica Sanchez Bulis 2026-08-10Form 42026-08-110002095702-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Gary Lee 2026-08-21Form 42026-08-250001907345-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Stephen Hill 2026-08-21Form 42026-08-250001866154-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Lynn Seely 2026-08-21Form 42026-08-250001327111-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Jarrad Mattieu Aguirre 2026-09-10Form 42026-09-100002150331-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, David Shook 2026-09-10Form 42026-09-100001959742-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Jarrad Mattieu Aguirre 2026-10-12Form 42026-10-130002150331-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
45Section 06, 2026 voteForm 8-K2026-06-150001193125-26-271071Item 5.07 · say-on-pay result. As reported: 99.94% (votes for as printed: 11,860,218). Filing ↗
46Section 06, 2025 voteForm 8-K2025-05-210001193125-25-123970Item 5.07 · say-on-pay result. As reported: 99.05% (votes for as printed: 160,688,745). Filing ↗
47Section 06, 2024 voteForm 8-K2024-06-140001193125-24-161601Item 5.07 · say-on-pay result. As reported: 69.83% (votes for as printed: 108,778,036). Filing ↗
48Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
49Section 09b board cost (computed)Computed——Cash 500,877 + equity 0 + all other 0 = 500,877, summed across the director compensation table rows.machine: formula: Σ = 500,877
50Lyell Immunopharma, Inc. (subject), Section 10b CEO totalDEF 14A2026-04-240001140361-26-016686CEO total compensation as printed in Lyell Immunopharma, Inc.'s own proxy. As printed: 4,222,265. Filing ↗machine: r2 · c24 · span 450163–450172

The Pay Desk — the free weekly executive pay briefing, one company at a time, every number traceable to a public filing.

You'll confirm on The Pay Desk's sign-up page.

Get the Lyell Immunopharma, Inc. Executive Compensation Report

$1,500

Buy the report - $1,500Both reports - $2,400
LYEL Peer Teardown Report