Companies Mustang BIO, Inc
Mustang BIO (MBIO): executive pay, fiscal 2024
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CEO pay, last three years
- $514,479FY2023
- $498,042FY2024
CEO total pay was $498,042 in fiscal 2024, down from $514,479 in fiscal 2023.
FY2024: salary $485,500 · bonus $0 · stock awards $0 · option awards $0
Frequently asked questions
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.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Manuel Litchman | $485,500 | $0 | $0 | $0 | $0 | $0 | $12,542 | $498,042 |
| President, Chief Executive Officer and Interim Chief Financial Officer | ||||||||
| James Murphy | 0 | 0 | 0 | 0 | 0 | 0 | 199,485 | 199,485 |
| Former Interim Chief Financial Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2024 total | FY2023 total | FY2022 total | Δ FY2023→2024 |
|---|---|---|---|---|
| Manuel Litchman | $498,042 | $514,479 | — | ↓ −16,437 |
| James Murphy | 199,485 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The Company's compensation program is designed to align executive interests with stockholders by utilizing equity-based compensation to maximize long-term value and encourage long-term employment, while also providing cash bonuses to incentivize the achievement of annual corporate goals.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2024
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Manuel Litchman | RSU | 137 | — | $1,212 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Michael S. WeissNot independent · Board Chair | $60,000 | $0 | — | — | — | $60,000 |
| Adam J. ChillIndependent · Audit (Chair) · Compensation | 60,000 | 0 | — | — | — | 60,000 |
| Neil HerskowitzIndependent · Audit · Compensation (Chair) | 50,000 | 0 | — | — | — | 50,000 |
| Lindsay A. Rosenwald, M.DNot independent | 50,000 | 0 | — | — | — | 50,000 |
| Michael J. Zelefsky, M.DIndependent · Audit · Compensation | 50,000 | 0 | — | — | — | 50,000 |
| David JinNot independent | 12,500 | 0 | — | — | — | 12,500 |
Board fee structure and ownership guideline
| Annual cash retainer | $50,000 |
|---|---|
| Annual equity retainer | $50,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 10,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2024 |
|---|---|
| Cash retainers and fees | $282,500 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $282,500 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Mustang BIO as a peer
Companies that benchmark against MBIO
No companies currently name MBIO as a compensation peer in their most recent disclosure.
This is the complete answer, not a partial one — the list is never padded.
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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Mustang BIO, Inc | 2024 | Manuel Litchman | $485,500 | $0 | $0 | $0 | $498,042 |
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.
Say-on-pay history and pay ratio
No say-on-pay vote is on file for this company.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (11 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Manuel Litchman. DEF 14A, filed 2025-12-03. Section “Executive Compensation”. As printed: 498,042. View filing ↗
- Section 01, James Murphy. DEF 14A, filed 2025-12-03. Section “Executive Compensation”. As printed: 199,485. View filing ↗
- Section 08, Michael S. Weiss. DEF 14A, filed 2025-12-03. Section “Director Compensation”. As printed: 60,000. View filing ↗
- Section 08, Adam J. Chill. DEF 14A, filed 2025-12-03. Section “Director Compensation”. As printed: 60,000. View filing ↗
- Section 08, Neil Herskowitz. DEF 14A, filed 2025-12-03. Section “Director Compensation”. As printed: 50,000. View filing ↗
- Section 08, Lindsay A. Rosenwald, M.D. DEF 14A, filed 2025-12-03. Section “Director Compensation”. As printed: 50,000. View filing ↗
- Section 08, Michael J. Zelefsky, M.D. DEF 14A, filed 2025-12-03. Section “Director Compensation”. As printed: 50,000. View filing ↗
- Section 08, David Jin. DEF 14A, filed 2025-12-03. Section “Director Compensation”. As printed: 12,500. View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 282,500 + equity 0 + all other 0 = 282,500, summed across the director compensation table rows.
- Mustang BIO, Inc (subject), Section 10b CEO total. DEF 14A, filed 2025-12-03. CEO total compensation as printed in Mustang BIO, Inc's own proxy. As printed: 498,042. View filing ↗