Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-29

Niagen Bioscience, Inc. (NAGE)

CEO Robert Fried was paid $8,381,900 in fiscal year 2025, ↑ up 591.5% from fiscal year 2024 (SEC filing 0001386570-26-000022 ↗): 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.

$8,381,900 ↑
Robert Fried total, FY2025
—
CEO pay percentile vs peers
67:1
CEO-to-median pay ratio
95.72%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Robert Fried (Chief Executive Officer), FY2025 total compensation $8,381,900 (base salary $645,962) [exec_comp, SEC accession 0001386570-26-000022, filed 2026-04-29]

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NAGE's next annual pay disclosure, estimated April 29, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Robert Fried$645,962$0$5,220,188$1,949,648$565,378$0$724$8,381,900
Chief Executive Officer
Ozan Pamir400,0000—68,239237,000011,236716,475
Chief Financial Officer
Carlos Lopez320,0000—77,985150,65609,373558,014
SVP, General Counsel

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
Robert Fried$8,381,900$1,212,131$1,160,206↑ +7,169,769
Ozan Pamir716,475461,641—↑ +254,834
Carlos Lopez558,014347,637—↑ +210,377

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

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Companies that benchmark against NAGE
1 company names NAGE as a compensation peer

    Each company listed discloses NAGE 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 NAGE in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

    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
    Ann CohenIndependent Director$265,576
    Frank Jaksch JrChair of the Board$268,076
    Gary NgIndependent Director$245,576
    Hamed ShahbaziIndependent Director$243,076
    Kristin PatrickIndependent Director$258,076
    Steven RubinLead Independent Director$293,076
    Wendy YuIndependent Director$243,076
    02

    Equity transactions since the proxy statement was filed

    No insider equity transactions reported since the proxy statement.

    03

    Grants of plan-based awards — fiscal year 2025

    ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
    Robert FriedPSU2025-02-25—1,518,600—1,518,600$5,220,188
    Robert FriedOPTION2025-02-12——492,278—1,949,648
    Ozan PamirOPTION2025-02-12——17,230—68,239
    Carlos LopezOPTION2025-02-12——19,691—77,985
    03b

    Vehicle mix — grant-date fair value by award type

    Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
    Robert Fried$0$5,220,188$1,949,64872.8%
    Ozan Pamir0068,2390.0%
    Carlos Lopez0077,9850.0%

    % 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
    Robert FriedOption155,3881.52—
    Robert FriedPSU1,518,600—5,220,188
    Robert FriedOption17,0211.82—
    Robert FriedOption492,2785.48—
    Ozan PamirOption89,5553.46—
    Ozan PamirOption17,2305.48—
    Carlos LopezOption40,0472.97—
    Carlos LopezOption19,6915.48—
    05

    Incentive-plan design — the Compensation Discussion & Analysis

    The Company's compensation philosophy is to provide an executive compensation package that enables it to attract, retain, and motivate executive officers to achieve near-term and long-term business objectives. A significant portion of total compensation is at risk and dependent upon the achievement of company and individual objectives, with the aim of rewarding strong performance with competitive pay.

    CEO STI target (% of salary)—
    CEO LTI target (% of salary)—
    Independent consultantExequity
    Clawback policytrue
    Anti-hedgingtrue
    Anti-pledgingfalse
    06

    Say-on-pay — recent advisory votes

    Meeting yearMeeting dateForAgainstAbstainSupportOutcome
    20262026-06-2443,188,9581,930,441171,97895.72%Passed
    20252025-06-2754,899,4831,160,61956,46097.93%Passed
    20242024-06-2040,766,034882,683464,44996.8%Passed
    20232023-06-2043,580,1021,443,54429,77196.73%Passed
    20222022-06-1636,049,8051,100,329410,94495.98%Passed
    20212021-06-1735,256,419492,856162,90098.17%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
    20262026-06-2495.72%a
    20252025-06-2797.93%b
    20242024-06-2096.8%c

    a. Voting standard not stated in the filing.

    b. Voting standard not stated in the filing.

    c. Approved under the standard stated in the filing — “Abstentions will be counted towards the vote total and will have the same effect as "Against" votes with respect to Proposal 2 and Proposal 3.”.

    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)67 : 1
    CEO total compensation—
    Median employee compensation—
    08

    Director compensation — fiscal year 2025

    DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
    Steven RubinIndependent · Lead Independent Director · Compensation (Chair)$95,000—$198,076—$0$293,076
    Frank Jaksch JrNot independent · Board Chair70,000—198,076—0268,076
    Ann CohenIndependent · Audit (Chair)67,500—198,076—0265,576
    Kristin PatrickIndependent · Nominating and Corporate Governance (Chair)60,000—198,076—0258,076
    Gary NgIndependent · Compensation47,500—198,076—0245,576
    Wendy YuIndependent · Nominating and Corporate Governance45,000—198,076—0243,076
    Hamed ShahbaziIndependent · Nominating and Corporate Governance45,000—198,076—0243,076
    Robert FriedEmployee director—————0
    09

    Board fee structure and ownership guideline

    Annual cash retainer$40,000
    Annual equity retainer$20,000
    Per board meeting fee—
    Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 10,000
    Stock ownership guidelineAs of December 31, 2025, our Chief Executive Officer and all of our named executive officers were in compliance with the Stock Ownership Policy... All other non-employee directors remain within their applicable compliance periods
    09b

    Total cost of the board

    ComponentFY2025
    Cash retainers and fees$430,000
    Equity awards (grant-date value)$0
    All other compensation$0
    Total cost of the board$430,000

    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
    1Niagen Bioscience, Inc.2025Robert Fried$645,962$5,220,188$1,949,648$565,378$8,381,900

    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 Niagen Bioscience, Inc. in fiscal 2025?
    As disclosed, Robert Fried (Chief Executive Officer) was the highest-paid executive at Niagen Bioscience, Inc. in fiscal 2025, with total compensation of $8,381,900.
    What is Niagen Bioscience, Inc.'s CEO-to-median employee pay ratio?
    As disclosed, Niagen Bioscience, Inc.'s CEO-to-median employee pay ratio was 67:1.
    How did shareholders vote on Niagen Bioscience, Inc.'s executive compensation?
    As disclosed, 95.72% of shareholders supported Niagen Bioscience, Inc.'s executive compensation in the latest say-on-pay vote.
    How much does Niagen Bioscience, Inc. spend in total on board compensation for fiscal 2025?
    As disclosed, Niagen Bioscience, Inc. reported total board compensation of $430,000 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, Robert FriedDEF 14A2026-04-290001386570-26-000022Section “Executive Compensation”. As printed: 8,381,900. Filing ↗machine: r2 · c45 · span 456542–456551
    2Section 01, Ozan PamirDEF 14A2026-04-290001386570-26-000022Section “Executive Compensation”. As printed: 716,475. Filing ↗machine: r6 · c45 · span 467703–467710
    3Section 01, Carlos LopezDEF 14A2026-04-290001386570-26-000022Section “Executive Compensation”. As printed: 558,014. Filing ↗machine: r8 · c45 · span 474470–474477
    4Section 03, Robert Fried PSUDEF 14A2026-04-290001386570-26-000022Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 502228–502237
    5Section 03, Robert Fried OPTIONDEF 14A2026-04-290001386570-26-000022Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 498940–498949
    6Section 03, Ozan Pamir OPTIONDEF 14A2026-04-290001386570-26-000022Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 509974–509980
    7Section 03, Carlos Lopez OPTIONDEF 14A2026-04-290001386570-26-000022Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 516768–516774
    8Section 07, pay ratioDEF 14A2026-04-290001386570-26-000022Section “CEO Pay Ratio”. As printed: 67 : 1. Filing ↗
    9Section 08, Steven RubinDEF 14A2026-04-290001386570-26-000022Section “Director Compensation”. As printed: 293,076. Filing ↗machine: span 161322–161622
    10Section 08, Frank Jaksch JrDEF 14A2026-04-290001386570-26-000022Section “Director Compensation”. As printed: 268,076. Filing ↗machine: span 173099–173402
    11Section 08, Ann CohenDEF 14A2026-04-290001386570-26-000022Section “Director Compensation”. As printed: 265,576. Filing ↗machine: span 168377–168680
    12Section 08, Kristin PatrickDEF 14A2026-04-290001386570-26-000022Section “Director Compensation”. As printed: 258,076. Filing ↗machine: span 170737–171040
    13Section 08, Gary NgDEF 14A2026-04-290001386570-26-000022Section “Director Compensation”. As printed: 245,576. Filing ↗machine: span 166023–166326
    14Section 08, Wendy YuDEF 14A2026-04-290001386570-26-000022Section “Director Compensation”. As printed: 243,076. Filing ↗machine: span 163670–163973
    15Section 08, Hamed ShahbaziDEF 14A2026-04-290001386570-26-000022Section “Director Compensation”. As printed: 243,076. Filing ↗machine: span 175682–176017
    16Section 08, Robert FriedDEF 14A2026-04-290001386570-26-000022Section “Director Compensation”. As printed: 0. Filing ↗
    17Section 06, 2026 voteForm 8-K2026-06-290001386570-26-000035Item 5.07 · say-on-pay result. As reported: 95.72% (votes for as printed: 43,188,958). Filing ↗
    18Section 06, 2025 voteForm 8-K2025-06-270001628280-25-033302Item 5.07 · say-on-pay result. As reported: 97.93% (votes for as printed: 54,899,483). Filing ↗
    19Section 06, 2024 voteForm 8-K2024-06-240001628280-24-029643Item 5.07 · say-on-pay result. As reported: 96.8% (votes for as printed: 40,766,034). Filing ↗
    20Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
    21Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
    22Section 09b board cost (computed)Computed——Cash 430,000 + equity 0 + all other 0 = 430,000, summed across the director compensation table rows.machine: formula: Σ = 430,000
    23Niagen Bioscience, Inc. (subject), Section 10b CEO totalDEF 14A2026-04-290001386570-26-000022CEO total compensation as printed in Niagen Bioscience, Inc.'s own proxy. As printed: 8,381,900. Filing ↗machine: r2 · c45 · span 456542–456551