Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-30

MIMEDX GROUP, INC. (MIMX)

CEO Joseph Capper was paid $7,182,208 in fiscal year 2025, up 416.8% from fiscal year 2024, the 60th percentile of its disclosed peer group (SEC filing 0001376339-26-000033 ↗): 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.

$7,182,208
Joseph Capper total, FY2025
60th
CEO pay percentile vs peers
70:1
CEO-to-median pay ratio
—
Say-on-pay support, latest vote

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Companies that benchmark against MIMX
No companies currently name MIMX as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Joseph Capper$768,173$0$4,699,000$819,422$887,800$0$7,813$7,182,208
Chief Executive Officer
William Hulse IV546,0000977,380170,436376,740074,9332,145,489
General Counsel and Chief Administrative Officer
Doug Rice540,0000966,643168,565372,600071,9212,119,729
Chief Financial Officer
Ricci Whitlow540,0000966,643168,565372,600013,1352,060,943
EVP & Chief Operating Officer
Kimberly Maersk-Moller540,0000966,643168,565372,60009,0412,056,849
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
Joseph Capper$7,182,208$1,389,859$20,756,346+5,792,349
William Hulse IV2,145,4892,401,9511,913,212−256,462
Doug Rice2,119,7292,391,9762,745,075−272,247
Ricci Whitlow2,060,9432,294,2763,132,360−233,333
Kimberly Maersk-Moller2,056,8493,988,494—−1,931,645

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

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
William Hulse IVOption53,6558.63—
Doug RiceRSU706,835—1,767,088
Kimberly Maersk-MollerOption36,4868.3—
Ricci WhitlowPSU1,751,352—1,275,076
Joseph CapperRSU1,511,524—1,079,663
Kimberly Maersk-MollerPSU1,194,363—869,559
William Hulse IVPSU1,022,412—761,033
Doug RicePSU219,348—548,370
Joseph CapperOption177,3648.3—
Doug RiceOption47,0006.44—
Doug RiceOption53,0668.63—
Doug RiceOption36,4868.3—
William Hulse IVOption36,8918.3—
Ricci WhitlowOption53,0668.63—
Ricci WhitlowOption36,4868.3—
Kimberly Maersk-MollerOption29,4818.63—
05

Incentive-plan design — the Compensation Discussion & Analysis

MIMEDX's compensation practices are guided by three overarching principles: attracting and retaining key talent with specific expertise, promoting a pay-for-performance culture where a significant portion of variable compensation is at-risk, and aligning executive interests with those of shareholders by linking compensation to short- and long-term financial and operating goals.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantWillis Towers Watson
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
07

CEO pay ratio

Ratio (CEO : median employee)70 : 1
CEO total compensation—
Median employee compensation$103,278
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
M. Kathleen BehrensIndependent · Board Chair · Audit · Nominating and Corporate Governance$132,987$168,793———$301,780
James L. BiermanIndependent · Audit (Chair)68,926168,793———237,719
K. Todd NewtonIndependent · Compensation (Chair) · Ethics and Compliance66,786168,793———235,579
Cato T. LaurencinIndependent · Ethics and Compliance · Nominating and Corporate Governance58,240168,793———227,033
William A. HawkinsIndependent · Ethics and Compliance (Chair)57,953168,793———226,746
Dorothy E. PuhyIndependent · Audit55,286168,793———224,079
Tiffany P. OlsonIndependent · Compensation53,152168,793———221,945
Martin P. SutterIndependent · Compensation · Nominating and Corporate Governance (Chair) · Newly elected00———0
09

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer$170,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)21,000 / 16,000 / 12,500
Stock ownership guideline$3
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$493,330
Equity awards (grant-date value)$1,181,551
All other compensation$0
Total cost of the board$1,674,881

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 MIMEDX GROUP, 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 MIMEDX GROUP, 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
1Vericel Corporation2025Dominick Colangelo$860,000$3,964,630$5,456,287$860,000$11,156,368
2Alphatec Holdings, Inc.2025Patrick Miles762,0008,859,6500600,00010,260,507
3ADMA Biologics, Inc.2025Adam Grossman925,0004,049,9944,049,9981,156,25010,237,326
4Standard BioTools Inc.2025Michael Egholm680,2565,337,8831,671,3631,120,0008,823,502
5Veracyte, Inc.2025Marc Stapley700,0005,890,8770826,0007,421,877
6Orthofix Medical Inc2025Massimo Calafiore848,3224,499,9881,500,009445,5797,310,039
7MIMEDX GROUP, INC.2025Joseph Capper768,1734,699,000819,422887,8007,182,208
8CareDx, Inc.2025John Hanna693,2695,622,6380852,5157,179,699
9Artivion, Inc.2025J. Patrick Mackin835,1455,006,9900991,3686,883,108
10Organogenesis Holdings Inc.2025Gary Gillheeney979,1052,833,3301,380,0171,536,5756,811,754
11AngioDynamics, Inc.2025James Clemmer803,0272,628,871808,2071,215,6085,494,285
12Bioventus Inc.2025Robert Claypoole824,1101,982,530662,949781,2564,299,108
13OraSure Technologies, Inc.2025Carrie Eglinton Manner721,0003,394,1880173,0404,292,228
14Tactile Systems Technology, Inc.2025Sheri Dodd675,0002,019,9780737,4383,466,916
15Outset Medical, Inc.2025Leslie Trigg755,1662,197,8820294,5153,255,510
16Anika Therapeutics2025Stephen Griffin500,0001,215,222002,033,370
—Axonics, Inc.——————not in coverage universe
—AVITA Medical, Inc.——————not in coverage universe

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
MIMEDX GROUP, INC.not disclosednot disclosednot disclosedWillis Towers Watson
ADMA Biologics, Inc.125%RSU 50 · Options 50not disclosedPay Governance LLC
Alphatec Holdings, Inc.157%PSU 50 · RSU 50NoCompensia
AngioDynamics, Inc.150%PSU 50 · RSU 25 · Options 25NoMeridian
Anika Therapeutics100%PSU 67 · RSU 33NoWillis Towers Watson
Artivion, Inc.118.7%PSU 50 · RSU 50NoWillis Towers Watson
AVITA Medical, Inc.not disclosednot disclosednot disclosednot disclosed
Axonics, Inc.not disclosednot disclosednot disclosednot disclosed
Bioventus Inc.not disclosedRSU 49 · PSU 26 · Options 25NoAon plc
CareDx, Inc.122%RSU 70 · PSU 30NoAlpine Rewards
OraSure Technologies, Inc.24.0%RSU 50 · PSU 50Yes — Relative TSR performance vs peer groupPay Governance
Organogenesis Holdings Inc.not disclosednot disclosednot disclosedPearl Meyer
Orthofix Medical Inc47.7%PSU 50 · Option 25 · RSU 25NoMeridian
Outset Medical, Inc.39%PSU 50 · RSU 50Yes — Relative TSR compared to Russell 2000 Medical Device IndexPearl Meyer
Standard BioTools Inc.160%not disclosednot disclosedPearl Meyer
Tactile Systems Technology, Inc.115%PSU 50 · RSU 50NoAon Consulting, Inc.
Veracyte, Inc.118%PSU 50 · RSU 50NoAon
Vericel Corporation100%Options 58 · RSU 42not disclosedFW Cook

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 MIMEDX GROUP, INC. in fiscal 2025?
Joseph Capper, the Chief Executive Officer, was the highest-paid executive at MIMEDX GROUP, INC. in fiscal 2025 with total compensation of $7,182,208.
How does MIMEDX GROUP, INC.'s chief executive pay compare to its disclosed peer group?
The company reported that the CEO's pay fell at the 60th percentile of the disclosed peer group.
What is MIMEDX GROUP, INC.'s CEO-to-median employee pay ratio?
As disclosed, the CEO-to-median employee pay ratio was 70:1.
How did shareholders vote on MIMEDX GROUP, INC.'s executive compensation?
The filing shows that the latest say-on-pay support vote is not disclosed.
How much does MIMEDX GROUP, INC. spend in total on board compensation for fiscal 2025?
The total board compensation for fiscal 2025 was $1,674,881.

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, Joseph CapperDEF 14A2026-04-290001376339-26-000033Section “Summary Compensation Table (2025, 2024 and 2023)” · page 29. As printed: 7,182,208. Filing ↗
2Section 01, William Hulse IVDEF 14A2026-04-290001376339-26-000033Section “Summary Compensation Table (2025, 2024 and 2023)” · page 29. As printed: 2,145,489. Filing ↗
3Section 01, Doug RiceDEF 14A2026-04-290001376339-26-000033Section “Summary Compensation Table (2025, 2024 and 2023)” · page 29. As printed: 2,119,729. Filing ↗
4Section 01, Ricci WhitlowDEF 14A2026-04-290001376339-26-000033Section “Summary Compensation Table (2025, 2024 and 2023)” · page 29. As printed: 2,060,943. Filing ↗
5Section 01, Kimberly Maersk-MollerDEF 14A2026-04-290001376339-26-000033Section “Summary Compensation Table (2025, 2024 and 2023)” · page 29. As printed: 2,056,849. Filing ↗
6Section 07, pay ratioDEF 14A2026-04-290001376339-26-000033Section “CEO Pay Ratio”. As printed: 70 : 1. Filing ↗
7Section 08, M. Kathleen BehrensDEF 14A2026-04-290001376339-26-000033Section “Director Compensation”. As printed: 301,780. Filing ↗machine: span 730062–730188
8Section 08, James L. BiermanDEF 14A2026-04-290001376339-26-000033Section “Director Compensation”. As printed: 237,719. Filing ↗machine: span 731102–731445
9Section 08, K. Todd NewtonDEF 14A2026-04-290001376339-26-000033Section “Director Compensation”. As printed: 235,579. Filing ↗machine: span 734874–735217
10Section 08, Cato T. LaurencinDEF 14A2026-04-290001376339-26-000033Section “Director Compensation”. As printed: 227,033. Filing ↗machine: span 733619–733962
11Section 08, William A. HawkinsDEF 14A2026-04-290001376339-26-000033Section “Director Compensation”. As printed: 226,746. Filing ↗machine: span 732361–732704
12Section 08, Dorothy E. PuhyDEF 14A2026-04-290001376339-26-000033Section “Director Compensation”. As printed: 224,079. Filing ↗machine: span 737409–737752
13Section 08, Tiffany P. OlsonDEF 14A2026-04-290001376339-26-000033Section “Director Compensation”. As printed: 221,945. Filing ↗machine: span 736142–736485
14Section 08, Martin P. SutterDEF 14A2026-04-290001376339-26-000033Section “Director Compensation”. As printed: 0. Filing ↗
15Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
16Section 09b board cost (computed)Computed——Cash 493,330 + equity 1,181,551 + all other 0 = 1,674,881, summed across the director compensation table rows.machine: formula: Σ = 1,674,881
17Vericel Corporation, Section 10b CEO totalDEF 14A2026-03-190001308179-26-000094CEO total compensation as printed in Vericel Corporation's own proxy. As printed: 11,156,368. Filing ↗machine: t258 · r1 · c27 · span 627744–627754
18Alphatec Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-290001193125-26-191867CEO total compensation as printed in Alphatec Holdings, Inc.'s own proxy. As printed: 10,260,507. Filing ↗machine: t26 · r2 · c25 · span 858148–858158
19ADMA Biologics, Inc., Section 10b CEO totalDEF 14A2026-04-150001140361-26-014799CEO total compensation as printed in ADMA Biologics, Inc.'s own proxy. As printed: 10,237,326. Filing ↗machine: r2 · c25 · span 619658–619669
20Standard BioTools Inc., Section 10b CEO totalDEF 14A2026-04-270001140361-26-017100CEO total compensation as printed in Standard BioTools Inc.'s own proxy. As printed: 8,823,502. Filing ↗machine: r2 · c22 · span 553256–553266
21Veracyte, Inc., Section 10b CEO totalDEF 14A2026-04-220001384101-26-000021CEO total compensation as printed in Veracyte, Inc.'s own proxy. As printed: 7,421,877. Filing ↗machine: r4 · c27 · span 855413–855422
22Orthofix Medical Inc, Section 10b CEO totalDEF 14A2026-04-290001193125-26-191716CEO total compensation as printed in Orthofix Medical Inc's own proxy. As printed: 7,310,039. Filing ↗machine: t96 · r4 · c16 · span 1472329–1472338
23MIMEDX GROUP, INC. (subject), Section 10b CEO totalDEF 14A2026-04-290001376339-26-000033CEO total compensation as printed in MIMEDX GROUP, INC.'s own proxy. As printed: 7,182,208. Filing ↗
24CareDx, Inc., Section 10b CEO totalDEF 14A2026-04-270001217234-26-000028CEO total compensation as printed in CareDx, Inc.'s own proxy. As printed: 7,179,699. Filing ↗machine: t113 · r3 · c9 · span 1893652–1893661
25Artivion, Inc., Section 10b CEO totalDEF 14A2026-04-010001999371-26-007510CEO total compensation as printed in Artivion, Inc.'s own proxy. As printed: 6,883,108. Filing ↗machine: r3 · c9 · span 741873–741882
26Organogenesis Holdings Inc., Section 10b CEO totalDEF 14A2026-04-300001193125-26-197357CEO total compensation as printed in Organogenesis Holdings Inc.'s own proxy. As printed: 6,811,754. Filing ↗machine: r2 · c31 · span 316005–316014
27AngioDynamics, Inc., Section 10b CEO totalDEF 14A2025-09-250001628280-25-042704CEO total compensation as printed in AngioDynamics, Inc.'s own proxy. As printed: 5,494,285. Filing ↗machine: r2 · c27 · span 502542–502551
28Bioventus Inc., Section 10b CEO totalDEF 14A2026-04-220001665988-26-000014CEO total compensation as printed in Bioventus Inc.'s own proxy. As printed: 4,299,108. Filing ↗machine: t53 · r2 · c28 · span 430404–430413
29OraSure Technologies, Inc., Section 10b CEO totalDEF 14A2026-04-300001116463-26-000032CEO total compensation as printed in OraSure Technologies, Inc.'s own proxy. As printed: 4,292,228. Filing ↗machine: t152 · r2 · c21 · span 850376–850385
30Tactile Systems Technology, Inc., Section 10b CEO totalDEF 14A2026-03-250001104659-26-034206CEO total compensation as printed in Tactile Systems Technology, Inc.'s own proxy. As printed: 3,466,916. Filing ↗machine: r3 · c12 · span 865797–865806
31Outset Medical, Inc., Section 10b CEO totalDEF 14A2026-04-240001193125-26-177150CEO total compensation as printed in Outset Medical, Inc.'s own proxy. As printed: 3,255,510. Filing ↗machine: r2 · c30 · span 1343364–1343373
32Anika Therapeutics, Section 10b CEO totalDEF 14A2026-04-280001140361-26-017488CEO total compensation as printed in Anika Therapeutics's own proxy. As printed: 2,033,370. Filing ↗machine: r5 · c22 · span 1052517–1052526
33Section 10a, AngioDynamics, Inc. reciprocityDEF 14A—0001628280-25-042704AngioDynamics, Inc.'s most recent proxy was read; its disclosed peer group does not include MIMEDX GROUP, INC.. Filing ↗
34Section 10a, Artivion, Inc. reciprocityDEF 14A—0001999371-26-007510Artivion, Inc.'s most recent proxy was read; its disclosed peer group does not include MIMEDX GROUP, INC.. Filing ↗
35Section 10a, Standard BioTools Inc. reciprocityDEF 14A—0001140361-26-017100Standard BioTools Inc.'s most recent proxy was read; its disclosed peer group does not include MIMEDX GROUP, INC.. Filing ↗
36Section 10a, Bioventus Inc. reciprocityDEF 14A—0001665988-26-000014Bioventus Inc.'s most recent proxy was read; its disclosed peer group does not include MIMEDX GROUP, INC.. Filing ↗
37Section 10a, Veracyte, Inc. reciprocityDEF 14A—0001384101-26-000021Veracyte, Inc.'s most recent proxy was read; its disclosed peer group does not include MIMEDX GROUP, INC.. Filing ↗
38Section 10a, Vericel Corporation reciprocityDEF 14A—0001308179-26-000094Vericel Corporation's most recent proxy was read; its disclosed peer group does not include MIMEDX GROUP, INC.. Filing ↗
39Section 10a, Outset Medical, Inc. reciprocityDEF 14A—0001193125-26-177150Outset Medical, Inc.'s most recent proxy was read; its disclosed peer group does not include MIMEDX GROUP, INC.. Filing ↗
40Section 10a, CareDx, Inc. reciprocityDEF 14A—0001217234-26-000028CareDx, Inc.'s most recent proxy was read; its disclosed peer group does not include MIMEDX GROUP, INC.. Filing ↗
41Section 10a, Tactile Systems Technology, Inc. reciprocityDEF 14A—0001104659-26-034206Tactile Systems Technology, Inc.'s most recent proxy was read; its disclosed peer group does not include MIMEDX GROUP, INC.. Filing ↗
42Section 10a, Anika Therapeutics reciprocityDEF 14A—0001140361-26-017488Anika Therapeutics's most recent proxy was read; its disclosed peer group does not include MIMEDX GROUP, INC.. Filing ↗
43Section 10a, Orthofix Medical Inc reciprocityDEF 14A—0001193125-26-191716Orthofix Medical Inc's most recent proxy was read; its disclosed peer group does not include MIMEDX GROUP, INC.. Filing ↗
44Section 10a, OraSure Technologies, Inc. reciprocityDEF 14A—0001116463-26-000032OraSure Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include MIMEDX GROUP, INC.. Filing ↗
45Section 10a, Organogenesis Holdings Inc. reciprocityDEF 14A—0001193125-26-197357Organogenesis Holdings Inc.'s most recent proxy was read; its disclosed peer group does not include MIMEDX GROUP, INC.. Filing ↗
46Section 10a, ADMA Biologics, Inc. reciprocityDEF 14A—0001140361-26-014799ADMA Biologics, Inc.'s most recent proxy was read; its disclosed peer group does not include MIMEDX GROUP, INC.. Filing ↗
47Section 10a, Alphatec Holdings, Inc. reciprocityDEF 14A—0001193125-26-191867Alphatec Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include MIMEDX GROUP, INC.. Filing ↗

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