Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-22

MaxCyte (MXCT)

Fiscal year 2025 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.

$2,687,657
Maher Masoud total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against MXCT
2 companies name MXCT as a compensation peer

Each company listed discloses MXCT 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 MXCT 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 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Maher Masoud$590,000$0$1,143,275$625,300$313,290$0$15,792$2,687,657
President and Chief Executive Officer
Douglas Swirsky491,0000246,750269,914201,893015,5001,225,057
Former Chief Financial Officer
Ali Soleymannezhad281,7500227,832249,22000376,3671,135,169
Former 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 FY20242025
Maher Masoud$2,687,657$3,611,298−923,641
Douglas Swirsky1,225,0571,686,574−461,517
Ali Soleymannezhad1,135,1691,021,833+113,336

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

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
Patrick J. BalthropDirector2026-06-17A30,421$0$0CommonForm 4 ↗
Stanley C. ErckDirector2026-06-17A49,57900Derivative, Class A CommonForm 4 ↗
Cynthia CollinsDirector2026-06-17A30,42100CommonForm 4 ↗
Rekha HemrajaniDirector2026-06-17A30,42100CommonForm 4 ↗
John JohnstonDirector2026-06-17A30,42100CommonForm 4 ↗
Will BrookeDirector2026-06-17A30,42100CommonForm 4 ↗
Yasir Al-WakeelDirector2026-06-17A49,57900Derivative, Class A CommonForm 4 ↗
John JohnstonDirector2026-06-17A49,57900Derivative, Class A CommonForm 4 ↗
Rekha HemrajaniDirector2026-06-17A49,57900Derivative, Class A CommonForm 4 ↗
Richard DouglasDirector2026-06-17A30,42100CommonForm 4 ↗
Richard DouglasDirector2026-06-17A49,57900Derivative, Class A CommonForm 4 ↗
Cynthia CollinsDirector2026-06-17A49,57900Derivative, Class A CommonForm 4 ↗
Patrick J. BalthropDirector2026-06-17A49,57900Derivative, Class A CommonForm 4 ↗
Yasir Al-WakeelDirector2026-06-17A30,42100CommonForm 4 ↗
Stanley C. ErckDirector2026-06-17A30,42100CommonForm 4 ↗
Will BrookeDirector2026-06-17A49,57900Derivative, 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
Ali SoleymannezhadOption$249,220
Maher MasoudPRSU1,143,275
Douglas SwirskyOption269,914
Douglas SwirskyPRSU246,750
Ali SoleymannezhadPRSU227,832
Maher MasoudOption625,300
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Ali Soleymannezhad$0$0$249,2200.0%
Maher Masoud00625,3000.0%
Douglas Swirsky00269,9140.0%

% 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
Maher MasoudOption4,1676.32
Douglas SwirskyOption109,3754.11
Douglas SwirskyOption126,5634.31
Douglas SwirskyPSU37,50058,125
Douglas SwirskyRSU37,50058,125
Maher MasoudPSU400,000620,000
Douglas SwirskyOption150,0003.29
Douglas SwirskyRSU60,93794,452
Douglas SwirskyPSU31,25048,438
Maher MasoudPSU347,500538,625
Maher MasoudOption37,5004.19
Maher MasoudOption208,3334.42
Maher MasoudOption347,5003.29
Maher MasoudOption8,8757.12
05

Incentive-plan design — the Compensation Discussion & Analysis

We do not target a specific competitive position or a specific mix of compensation among base salary, bonus or long-term incentives.

CEO STI target (% of salary)60%
CEO LTI target (% of salary)
Independent consultantPearl Meyer
Clawback policytrue
Anti-hedgingFalse
Anti-pledgingfalse
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
Richard DouglasIndependent · Board Chair · Nominating/Governance$85,000$61,633$57,691$0$204,324
Will BrookeIndependent · Audit (Chair) · Compensation67,50061,63357,6910186,824
Rekha HemrajaniIndependent · Compensation (Chair)60,00061,63357,6910179,324
Stanley C. ErckIndependent · Compensation · Nominating/Governance57,50061,63357,6910176,824
John JohnstonIndependent · Audit50,00061,63357,6910169,324
Patrick J. BalthropIndependent · Nominating/Governance (Chair)50,00061,63357,6910169,324
Yasir Al-WakeelIndependent · Audit50,00061,63357,6910169,324
Cynthia CollinsIndependent · Compensation · Newly elected47,50061,63357,6910166,824
Maher MasoudEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$80,000
Annual equity retainer$119,324
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$467,500
Equity awards (grant-date value)$493,064
All other compensation$0
Total cost of the board$960,564

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
1MaxCyte2025Maher Masoud$590,000$1,143,275$625,300$313,290$2,687,657

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.

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, Maher MasoudDEF 14A2026-04-290001140361-26-017844Section “2025 Summary Compensation Table”. As printed: 2,687,657. Filing ↗machine: r2 · c21 · span 315402–315411
2Section 01, Douglas SwirskyDEF 14A2026-04-290001140361-26-017844Section “2025 Summary Compensation Table”. As printed: 1,225,057. Filing ↗machine: r4 · c21 · span 323290–323299
3Section 01, Ali SoleymannezhadDEF 14A2026-04-290001140361-26-017844Section “2025 Summary Compensation Table”. As printed: 1,135,169. Filing ↗machine: r6 · c21 · span 331211–331220
4Section 03, Ali Soleymannezhad OptionDEF 14A2026-04-290001140361-26-017844Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t72 · r6 · c12 · span 329473–329480
5Section 03, Maher Masoud PRSUDEF 14A2026-04-290001140361-26-017844Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t72 · r2 · c9 · span 313115–313124
6Section 03, Douglas Swirsky OptionDEF 14A2026-04-290001140361-26-017844Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t72 · r4 · c12 · span 321799–321806
7Section 03, Douglas Swirsky PRSUDEF 14A2026-04-290001140361-26-017844Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t72 · r4 · c9 · span 321310–321317
8Section 03, Ali Soleymannezhad PRSUDEF 14A2026-04-290001140361-26-017844Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t72 · r6 · c9 · span 328903–328910
9Section 03, Maher Masoud OptionDEF 14A2026-04-290001140361-26-017844Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t72 · r2 · c12 · span 313677–313684
10Section 07, pay ratio10-K2026-03-250001104659-26-034557Section “CEO Pay Ratio”. As printed: —. Filing ↗
11Section 08, Richard DouglasDEF 14A2026-04-290001140361-26-017844Section “Director Compensation”. As printed: 204,324. Filing ↗machine: t89 · r6 · c12 · span 523269–523276
12Section 08, Will BrookeDEF 14A2026-04-290001140361-26-017844Section “Director Compensation”. As printed: 186,824. Filing ↗machine: t89 · r4 · c12 · span 518523–518530
13Section 08, Rekha HemrajaniDEF 14A2026-04-290001140361-26-017844Section “Director Compensation”. As printed: 179,324. Filing ↗machine: t89 · r8 · c12 · span 528007–528014
14Section 08, Stanley C. ErckDEF 14A2026-04-290001140361-26-017844Section “Director Compensation”. As printed: 176,824. Filing ↗machine: t89 · r7 · c12 · span 525461–525468
15Section 08, John JohnstonDEF 14A2026-04-290001140361-26-017844Section “Director Compensation”. As printed: 169,324. Filing ↗machine: t89 · r9 · c12 · span 530080–530087
16Section 08, Patrick J. BalthropDEF 14A2026-04-290001140361-26-017844Section “Director Compensation”. As printed: 169,324. Filing ↗machine: t89 · r3 · c12 · span 515981–515988
17Section 08, Yasir Al-WakeelDEF 14A2026-04-290001140361-26-017844Section “Director Compensation”. As printed: 169,324. Filing ↗machine: t89 · r2 · c12 · span 513782–513789
18Section 08, Cynthia CollinsDEF 14A2026-04-290001140361-26-017844Section “Director Compensation”. As printed: 166,824. Filing ↗machine: t89 · r5 · c12 · span 520718–520725
19Section 08, Maher MasoudDEF 14A2026-04-290001140361-26-017844Section “Director Compensation”. As printed: 0. Filing ↗
20Section 02, Patrick J. Balthrop 2026-06-17Form 42026-06-220000905148-26-003050Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Stanley C. Erck 2026-06-17Form 42026-06-220000905148-26-003054Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Cynthia Collins 2026-06-17Form 42026-06-220000905148-26-003052Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Rekha Hemrajani 2026-06-17Form 42026-06-220000905148-26-003055Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, John Johnston 2026-06-17Form 42026-06-220000905148-26-003056Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Will Brooke 2026-06-17Form 42026-06-220000905148-26-003051Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Yasir Al-Wakeel 2026-06-17Form 42026-06-220000905148-26-003049Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, John Johnston 2026-06-17Form 42026-06-220000905148-26-003056Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Rekha Hemrajani 2026-06-17Form 42026-06-220000905148-26-003055Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Richard Douglas 2026-06-17Form 42026-06-220000905148-26-003053Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Richard Douglas 2026-06-17Form 42026-06-220000905148-26-003053Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Cynthia Collins 2026-06-17Form 42026-06-220000905148-26-003052Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Patrick J. Balthrop 2026-06-17Form 42026-06-220000905148-26-003050Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Yasir Al-Wakeel 2026-06-17Form 42026-06-220000905148-26-003049Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Stanley C. Erck 2026-06-17Form 42026-06-220000905148-26-003054Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Will Brooke 2026-06-17Form 42026-06-220000905148-26-003051Insider equity transaction reported since the proxy statement. Filing ↗
36Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
37Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
38Section 09b board cost (computed)ComputedcomputedCash 467,500 + equity 493,064 + all other 0 = 960,564, summed across the director compensation table rows.machine: formula: Σ = 960,564
39MaxCyte (subject), Section 10b CEO totalDEF 14A2026-04-290001140361-26-017844CEO total compensation as printed in MaxCyte's own proxy. As printed: 2,687,657. Filing ↗machine: r2 · c21 · span 315402–315411