Velarion · Company Intelligence
Compensation Brief
Fiscal year 2023 · Filings through 2026-07-29

Morphic Holding (MORF)

Fiscal year 2023 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.

$8,907,684
Praveen Tipirneni total, FY2023
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against MORF
5 companies name MORF as a compensation peer

Each company listed discloses MORF 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 MORF 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 2023

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Praveen Tipirneni$613,502$0$3,742,960$4,121,756$412,966$0$16,500$8,907,684
Chief Executive Officer and Director
Bruce Rogers546,00001,931,7482,089,936294,840016,5004,879,024
President, Interim Principal Executive Officer
Marc Schegerin488,80001,861,9642,015,056263,952016,5004,646,272
Chief Financial Officer and Chief Operating Officer
Robert Farrell425,00001,608,2041,777,004204,000016,5004,030,708
Senior Vice President of Finance and Chief Accounting 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 officerFY2023 totalFY2022 totalFY2021 totalΔ FY20222023
Praveen Tipirneni$8,907,684$10,520,145−1,612,461
Bruce Rogers4,879,0245,259,046−380,022
Marc Schegerin4,646,2724,349,052+297,220
Robert Farrell4,030,708

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 2023

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Marc SchegerinOption22,48030.19
Robert FarrellOption58,83031.72
Robert FarrellOption3,64615.42
Robert FarrellRSU50,7001,464,216
Bruce RogersOption4,24615.42
Praveen TipirneniOption116,67544.75
Praveen TipirneniOption11,39015.42
Marc SchegerinOption18,80015
Bruce RogersOption48,25044.75
Bruce RogersRSU15,210439,265
Robert FarrellOption20,31330.19
Praveen TipirneniRSU118,0003,407,840
Praveen TipirneniOption55,52130.19
Marc SchegerinRSU58,7001,695,256
Robert FarrellRSU10,410300,641
Robert FarrellOption31,40044.75
Bruce RogersOption22,48030.19
Bruce RogersRSU60,9001,758,792
Marc SchegerinOption66,71131.72
Marc SchegerinOption44,60044.75
Praveen TipirneniRSU37,5001,083,000
Marc SchegerinRSU14,070406,342
Praveen TipirneniOption136,45631.72
Bruce RogersOption69,19031.72
Bruce RogersOption19,03223.74
05

Incentive-plan design — the Compensation Discussion & Analysis

We continue to reward our NEOs with competitive compensation packages that directly align pay with performance. The caliber of our performance in the areas of research, clinical and regulatory milestones drives our compensation structure, specifically the degree to which NEOs are granted equity and earn bonuses.

CEO STI target (% of salary)55%
CEO LTI target (% of salary)
Independent consultantAon
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
08

Director compensation — fiscal year 2023

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Gustav ChristensenIndependent · Board Chair · Compensation (Chair) · Nominating/Governance$86,500$0$499,986$0$586,486
Joseph P. SlatteryIndependent · Audit (Chair) · Compensation60,7500499,9860560,736
Martin EdwardsIndependent · Audit47,5000499,9860547,486
Susannah GrayIndependent · Audit47,5000499,9860547,486
Norbert BischofbergerIndependent · Compensation45,7500499,9860545,736
Amir NashatIndependent · Nominating/Governance (Chair)45,0000499,9860544,986
Nisha NandaIndependent40,0000499,9860539,986
Timothy A. SpringerIndependent40,0000499,9860539,986
Praveen P. TipirneniEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$40,000
Annual equity retainer$499,986
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)15,000 / 11,500 / 9,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2023
Cash retainers and fees$413,000
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$413,000

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

10

Disclosed peer group — fiscal year 2023

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 Morphic Holding 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 Morphic Holding.

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
1Scholar Rock Holding Corporation2025David Hallal$637,500$22,518,500$7,624,988$452,293$33,300,927
2Cogent Biosciences, Inc.2025Andrew Robbins724,55412,993,25013,447,680561,60027,762,684
3Protagonist Therapeutics, Inc.2025Dinesh Patel715,5005,839,2045,618,010686,88012,871,506
4Arcus Biosciences, Inc.2025Terry Rosen775,0002,199,4506,008,860658,7509,656,813
5Morphic Holding2023Praveen Tipirneni613,5023,742,9604,121,756412,9668,907,684
6Kymera Therapeutics, Inc.2025Nello Mainolfi693,00007,318,859519,7508,545,609
7Syndax Pharmaceuticals, Inc.2025Michael Metzger754,3002,021,9653,454,360848,5887,089,213
8RAPT Therapeutics, Inc.2024Brian Wong630,00005,927,297416,0006,979,539
9Day One Biopharmaceuticals, Inc.2024Jeremy Bender680,0002,700,2802,664,697501,8006,560,577
10Arvinas, Inc.2025John Houston706,2362,685,8402,671,051457,0006,534,127
11NGM Biopharmaceuticals, Inc.2022David Woodhouse610,00005,072,750250,0005,933,500
12Replimune Group, Inc.2026Sushil Patel700,0003,376,0031,448,325315,0005,845,982
13Pliant Therapeutics, Inc.2025Bernard Coulie682,0001,810,2502,713,750204,6005,462,901
14Relay Therapeutics, Inc.2025Sanjiv Patel707,84603,513,900424,7084,646,454
15C4 Therapeutics, Inc.2025Andrew Hirsch694,925710,730848,007573,3132,940,975
16Editas Medicine, Inc.2025Gilmore O'Neill686,57401,282,937375,1642,353,655
17Gossamer Bio, Inc.2025Faheem Hasnain649,64901,392,006254,8002,300,455
18Alector, Inc.2025Arnon Rosenthal678,100422,876558,216325,4881,995,018
19Mersana Therapeutics, Inc.2024Michael Huber632,500133,635518,044322,5751,613,754
Stoke Therapeutics, 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
Morphic Holding120%RSU 50 · Options 50not disclosedAon
Alector, Inc.80%not disclosednot disclosedPearl Meyer & Partners, LLC
Arcus Biosciences, Inc.100%Options 67 · RSU 33not disclosedRadford
Arvinas, Inc.108%Options 50 · RSU 50not disclosedAon (Aon's Human Capital Solutions practice, a division of Aon plc)
C4 Therapeutics, Inc.120%not disclosednot disclosedPearl Meyer
Cogent Biosciences, Inc.135%not disclosedNoCompensia
Day One Biopharmaceuticals, Inc.123%Options 50 · RSU 50not disclosedCompensia Inc.
Editas Medicine, Inc.91%Options 100not disclosedPearl Meyer & Partners, LLC
Gossamer Bio, Inc.65%not disclosedNoAlpine Rewards
Kymera Therapeutics, Inc.125%not disclosedNoAlpine Rewards
Mersana Therapeutics, Inc.85%Options 75 · RSU 25not disclosedPearl Meyer & Partners, LLC
NGM Biopharmaceuticals, Inc.75%Options 100not disclosedAon plc (Human Capital Solutions practice)
Pliant Therapeutics, Inc.50%Options 67 · RSU 33not disclosedAlpine Rewards
Protagonist Therapeutics, Inc.160%Options 50 · RSU 50not disclosedAon Human Capital Solutions
RAPT Therapeutics, Inc.120%Options 100not disclosedAon plc/Radford
Relay Therapeutics, Inc.100%Option 100not disclosedAon's Human Capital Solutions practice, a division of Aon plc
Replimune Group, Inc.not disclosednot disclosedNoPearl Meyer
Scholar Rock Holding Corporationnot disclosednot disclosedNoPay Governance
Stoke Therapeutics, Inc.not disclosednot disclosednot disclosednot disclosed
Syndax Pharmaceuticals, Inc.150%Options 34 · PSU 33 · RSU 33Yes — Company's three-year total shareholder return (TSR) as measured against the Nasdaq Biotechnology Index components TSRsAon

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.

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, Praveen TipirneniDEF 14A2024-04-250001679363-24-000035Section “Summary Compensation Table”. As printed: 8,907,684. Filing ↗machine: r3 · c48 · span 295049–295058
2Section 01, Bruce RogersDEF 14A2024-04-250001679363-24-000035Section “Summary Compensation Table”. As printed: 4,879,024. Filing ↗machine: r7 · c48 · span 302445–302454
3Section 01, Marc SchegerinDEF 14A2024-04-250001679363-24-000035Section “Summary Compensation Table”. As printed: 4,646,272. Filing ↗machine: r11 · c48 · span 310060–310069
4Section 01, Robert FarrellDEF 14A2024-04-250001679363-24-000035Section “Summary Compensation Table”. As printed: 4,030,708. Filing ↗machine: r15 · c48 · span 317486–317495
5Section 08, Gustav ChristensenDEF 14A2024-04-250001679363-24-000035Section “Director Compensation”. As printed: 586,486. Filing ↗
6Section 08, Joseph P. SlatteryDEF 14A2024-04-250001679363-24-000035Section “Director Compensation”. As printed: 560,736. Filing ↗
7Section 08, Martin EdwardsDEF 14A2024-04-250001679363-24-000035Section “Director Compensation”. As printed: 547,486. Filing ↗
8Section 08, Susannah GrayDEF 14A2024-04-250001679363-24-000035Section “Director Compensation”. As printed: 547,486. Filing ↗
9Section 08, Norbert BischofbergerDEF 14A2024-04-250001679363-24-000035Section “Director Compensation”. As printed: 545,736. Filing ↗
10Section 08, Amir NashatDEF 14A2024-04-250001679363-24-000035Section “Director Compensation”. As printed: 544,986. Filing ↗
11Section 08, Nisha NandaDEF 14A2024-04-250001679363-24-000035Section “Director Compensation”. As printed: 539,986. Filing ↗
12Section 08, Timothy A. SpringerDEF 14A2024-04-250001679363-24-000035Section “Director Compensation”. As printed: 539,986. Filing ↗
13Section 08, Praveen P. TipirneniDEF 14A2024-04-250001679363-24-000035Section “Director Compensation”. As printed: 0. Filing ↗
14Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
15Section 09b board cost (computed)ComputedcomputedCash 413,000 + equity 0 + all other 0 = 413,000, summed across the director compensation table rows.machine: formula: Σ = 413,000
16Scholar Rock Holding Corporation, Section 10b CEO totalDEF 14A2026-04-220001104659-26-046917CEO total compensation as printed in Scholar Rock Holding Corporation's own proxy. As printed: 33,300,927. Filing ↗machine: r1 · c47 · span 363867–363877
17Cogent Biosciences, Inc., Section 10b CEO totalDEF 14A2026-04-230001193125-26-173834CEO total compensation as printed in Cogent Biosciences, Inc.'s own proxy. As printed: 27,762,684. Filing ↗machine: r2 · c39 · span 369353–369363
18Protagonist Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-280001104659-26-050429CEO total compensation as printed in Protagonist Therapeutics, Inc.'s own proxy. As printed: 12,871,506. Filing ↗machine: r1 · c47 · span 613195–613205
19Arcus Biosciences, Inc., Section 10b CEO totalDEF 14A2026-04-210001724521-26-000025CEO total compensation as printed in Arcus Biosciences, Inc.'s own proxy. As printed: 9,656,813. Filing ↗machine: r2 · c48 · span 403740–403749
20Morphic Holding (subject), Section 10b CEO totalDEF 14A2024-04-250001679363-24-000035CEO total compensation as printed in Morphic Holding's own proxy. As printed: 8,907,684. Filing ↗machine: r3 · c48 · span 295049–295058
21Kymera Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-290001193125-26-191495CEO total compensation as printed in Kymera Therapeutics, Inc.'s own proxy. As printed: 8,545,609. Filing ↗machine: r2 · c14 · span 676137–676146
22Syndax Pharmaceuticals, Inc., Section 10b CEO totalDEF 14A2026-04-300001193125-26-197859CEO total compensation as printed in Syndax Pharmaceuticals, Inc.'s own proxy. As printed: 7,089,213. Filing ↗machine: span 936322–936331
23RAPT Therapeutics, Inc., Section 10b CEO totalDEF 14A2025-04-140000950170-25-053517CEO total compensation as printed in RAPT Therapeutics, Inc.'s own proxy. As printed: 6,979,539. Filing ↗machine: r2 · c23 · span 816852–816861
24Day One Biopharmaceuticals, Inc., Section 10b CEO totalDEF 14A2025-04-110001140361-25-013462CEO total compensation as printed in Day One Biopharmaceuticals, Inc.'s own proxy. As printed: 6,560,577. Filing ↗machine: r2 · c21 · span 526324–526333
25Arvinas, Inc., Section 10b CEO totalDEF 14A2026-04-290001628280-26-028156CEO total compensation as printed in Arvinas, Inc.'s own proxy. As printed: 6,534,127. Filing ↗machine: t20 · r3 · c22 · span 471921–471930
26NGM Biopharmaceuticals, Inc., Section 10b CEO totalDEF 14A2023-03-290001628280-23-009712CEO total compensation as printed in NGM Biopharmaceuticals, Inc.'s own proxy. As printed: 5,933,500. Filing ↗machine: r2 · c42 · span 406619–406628
27Replimune Group, Inc., Section 10b CEO totalDEF 14A2026-07-290001104659-26-087650CEO total compensation as printed in Replimune Group, Inc.'s own proxy. As printed: 5,845,982. Filing ↗machine: r1 · c41 · span 430765–430774
28Pliant Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-220001746473-26-000076CEO total compensation as printed in Pliant Therapeutics, Inc.'s own proxy. As printed: 5,462,901. Filing ↗machine: r2 · c48 · span 436933–436942
29Relay Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-280001193125-26-186929CEO total compensation as printed in Relay Therapeutics, Inc.'s own proxy. As printed: 4,646,454. Filing ↗machine: r2 · c29 · span 660153–660162
30C4 Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-290001628280-26-028104CEO total compensation as printed in C4 Therapeutics, Inc.'s own proxy. As printed: 2,940,975. Filing ↗machine: span 511808–511817
31Editas Medicine, Inc., Section 10b CEO totalDEF 14A2026-04-280001650664-26-000037CEO total compensation as printed in Editas Medicine, Inc.'s own proxy. As printed: 2,353,655. Filing ↗machine: t42 · r2 · c12 · span 545455–545464
32Gossamer Bio, Inc., Section 10b CEO totalDEF 14A2026-04-240001728117-26-000027CEO total compensation as printed in Gossamer Bio, Inc.'s own proxy. As printed: 2,300,455. Filing ↗machine: r2 · c48 · span 378559–378568
33Alector, Inc., Section 10b CEO totalDEF 14A2026-04-280001193125-26-186928CEO total compensation as printed in Alector, Inc.'s own proxy. As printed: 1,995,018. Filing ↗machine: span 1038665–1038674
34Mersana Therapeutics, Inc., Section 10b CEO totalDEF 14A2025-04-290001104659-25-040448CEO total compensation as printed in Mersana Therapeutics, Inc.'s own proxy. As printed: 1,613,754. Filing ↗machine: t16 · r1 · c41 · span 608188–608197
35Section 10a, NGM Biopharmaceuticals, Inc. reciprocityDEF 14A0001628280-23-009712NGM Biopharmaceuticals, Inc.'s most recent proxy was read; its disclosed peer group does not include Morphic Holding. Filing ↗
36Section 10a, Arvinas, Inc. reciprocityDEF 14A0001628280-26-028156Arvinas, Inc.'s most recent proxy was read; its disclosed peer group does not include Morphic Holding. Filing ↗
37Section 10a, Cogent Biosciences, Inc. reciprocityDEF 14A0001193125-26-173834Cogent Biosciences, Inc.'s most recent proxy was read; its disclosed peer group does not include Morphic Holding. Filing ↗
38Section 10a, Gossamer Bio, Inc. reciprocityDEF 14A0001728117-26-000027Gossamer Bio, Inc.'s most recent proxy was read; its disclosed peer group does not include Morphic Holding. Filing ↗
39Section 10a, Kymera Therapeutics, Inc. reciprocityDEF 14A0001193125-26-191495Kymera Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Morphic Holding. Filing ↗
40Section 10a, Mersana Therapeutics, Inc. reciprocityDEF 14A0001104659-25-040448Mersana Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Morphic Holding. Filing ↗
41Section 10a, Protagonist Therapeutics, Inc. reciprocityDEF 14A0001104659-26-050429Protagonist Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Morphic Holding. Filing ↗
42Section 10a, Syndax Pharmaceuticals, Inc. reciprocityDEF 14A0001193125-26-197859Syndax Pharmaceuticals, Inc.'s most recent proxy was read; its disclosed peer group does not include Morphic Holding. Filing ↗
43Section 10a, C4 Therapeutics, Inc. reciprocityDEF 14A0001628280-26-028104C4 Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Morphic Holding. Filing ↗
44Section 10a, Relay Therapeutics, Inc. reciprocityDEF 14A0001193125-26-186929Relay Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Morphic Holding. Filing ↗
45Section 10a, Alector, Inc. reciprocityDEF 14A0001193125-26-186928Alector, Inc.'s most recent proxy was read; its disclosed peer group does not include Morphic Holding. Filing ↗
46Section 10a, Editas Medicine, Inc. reciprocityDEF 14A0001650664-26-000037Editas Medicine, Inc.'s most recent proxy was read; its disclosed peer group does not include Morphic Holding. Filing ↗
47Section 10a, Pliant Therapeutics, Inc. reciprocityDEF 14A0001746473-26-000076Pliant Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Morphic Holding. Filing ↗
48Section 10a, Scholar Rock Holding Corporation reciprocityDEF 14A0001104659-26-046917Scholar Rock Holding Corporation's most recent proxy was read; its disclosed peer group does not include Morphic Holding. Filing ↗