Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-04

Neurogene (NGNE)

CEO Rachel McMinn was paid $3,209,553 in fiscal year 2025, ↓ down 7.4% from fiscal year 2024 (SEC filing 0001404644-26-000027 ↗): 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.

$3,209,553 ↓
Rachel McMinn total, FY2025
—
CEO pay percentile vs peers
—
CEO-to-median pay ratio
99.64%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Rachel McMinn (Founder and Chief Executive Officer), FY2025 total compensation $3,209,553 (base salary $618,800) [exec_comp, SEC accession 0001404644-26-000027, filed 2026-04-16]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

NGNE's next annual pay disclosure, estimated April 16, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Rachel McMinn$618,800$371,280$385,746$1,826,570$0$0$7,157$3,209,553
Founder and Chief Executive Officer
Christine Mikail556,000305,800327,6421,552,7540012,2622,754,458
President and Chief Financial Officer
Julie Jordan496,800198,720135,576640,392008191,472,307
Chief Medical 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
Rachel McMinn$3,209,553$3,464,815$1,080,629↓ −255,262
Christine Mikail2,754,4583,362,1741,132,484↓ −607,716
Julie Jordan1,472,3072,460,036—↓ −987,729

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 NGNE
2 companies name NGNE as a compensation peer

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

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Rachel McMinnCEO$3,209,553
Julie JordanChief Medical Officer$1,472,307
Christine MikailPresident$2,754,458
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
Cory FreedlandDirector$239,484
Keith WoodsIndependent Director$237,484
Robert BaffiIndependent Director$240,484
Rohan PalekarIndependent Director$244,484
Sarah B. NoonbergIndependent Director$230,484
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
Julie JordanRSU2025-03-26——8,400—$173,040
Rachel McMinnRSU2025-03-26——23,900—492,340
Christine MikailRSU2025-03-26——20,300—418,180
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Julie Jordan$173,040$0$00.0%
Rachel McMinn492,340000.0%
Christine Mikail418,180000.0%

% 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
Christine MikailOption122,00016.14—
Rachel McMinnOption143,50016.14—
Rachel McMinnRSU76,062—1,566,877
Christine MikailRSU50,000—1,030,000
Christine MikailRSU20,300—418,180
Julie JordanOption39,06332.3—
Rachel McMinnRSU23,900—492,340
Christine MikailRSU21,269—438,141
Julie JordanRSU8,400—173,040
Rachel McMinnOption11,81220.22—
Rachel McMinnOption52,47136.06—
Christine MikailOption11,81318.39—
Christine MikailOption30,32036.06—
Julie JordanOption50,30016.14—
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's executive compensation program reflects a variable pay-for-performance philosophy, utilizing performance measures to align executive compensation with Company performance and incentivizing long-term performance.

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

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-039,991,44536,39461,63199.64%Passed
20252025-04-167,721,8663,174,484104,44870.87%Passed
20242024-06-149,092,990482,0235,87894.91%Passed
20232023-06-0813,514,7246,833,84687,73966.42%Passed
20222022-05-1222,484,5861,701,77925,97192.96%Passed
20212021-05-1335,966,0531,004,73644,85497.28%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
20262026-06-0399.64%a
20252025-04-1670.87%b
20242024-06-1494.91%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 have the same effect as a vote "AGAINST" the matter.”.

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.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Rohan PalekarIndependent · Audit Committee · Compensation Committee (Chair)$60,000$0$184,484—$0$244,484
Robert BaffiIndependent · Compensation Committee · Nominating and Corporate Governance Committee (Chair)56,0000184,484—0240,484
Cory FreedlandNot independent · Audit Committee (Chair)55,0000184,484—0239,484
Keith WoodsIndependent · Audit Committee · Nominating and Corporate Governance Committee53,0000184,484—0237,484
Sarah B. NoonbergIndependent · Compensation Committee46,0000184,484—0230,484
Rachel McMinnEmployee director · Board Chair—————0
09

Board fee structure and ownership guideline

Annual cash retainer$40,000
Annual equity retainer$184,484
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)15,000 / 12,000 / 10,000
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$270,000
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$270,000

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
1Neurogene2025Rachel McMinn$618,800$385,746$1,826,570$0$3,209,553

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 Neurogene in fiscal 2025?
As disclosed, Rachel McMinn (Founder and Chief Executive Officer) was the highest-paid executive at Neurogene in fiscal 2025, with total compensation of $3,209,553.
How did shareholders vote on Neurogene's executive compensation?
As disclosed, 99.64% of shareholders supported Neurogene's executive compensation in the latest say-on-pay vote.
How much does Neurogene spend in total on board compensation for fiscal 2025?
As disclosed, Neurogene reported total board compensation of $270,000 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, Rachel McMinnDEF 14A2026-04-160001404644-26-000027Section “Executive Compensation”. As printed: 3,209,553. Filing ↗machine: r2 · c21 · span 218271–218280
2Section 01, Christine MikailDEF 14A2026-04-160001404644-26-000027Section “Executive Compensation”. As printed: 2,754,458. Filing ↗machine: r4 · c21 · span 221874–221883
3Section 01, Julie JordanDEF 14A2026-04-160001404644-26-000027Section “Executive Compensation”. As printed: 1,472,307. Filing ↗machine: r6 · c21 · span 225474–225483
4Section 03, Julie Jordan RSUDEF 14A2026-04-160001404644-26-000027Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 278602–278609
5Section 03, Rachel McMinn RSUDEF 14A2026-04-160001404644-26-000027Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 249778–249785
6Section 03, Christine Mikail RSUDEF 14A2026-04-160001404644-26-000027Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 271854–271861
7Section 08, Rohan PalekarDEF 14A2026-04-160001404644-26-000027Section “Director Compensation”. As printed: 244,484. Filing ↗machine: span 405168–405294
8Section 08, Robert BaffiDEF 14A2026-04-160001404644-26-000027Section “Director Compensation”. As printed: 240,484. Filing ↗machine: span 401522–401648
9Section 08, Cory FreedlandDEF 14A2026-04-160001404644-26-000027Section “Director Compensation”. As printed: 239,484. Filing ↗machine: span 402828–402954
10Section 08, Keith WoodsDEF 14A2026-04-160001404644-26-000027Section “Director Compensation”. As printed: 237,484. Filing ↗machine: span 406419–406545
11Section 08, Sarah B. NoonbergDEF 14A2026-04-160001404644-26-000027Section “Director Compensation”. As printed: 230,484. Filing ↗machine: span 403936–404062
12Section 08, Rachel McMinnDEF 14A2026-04-160001404644-26-000027Section “Director Compensation”. As printed: 0. Filing ↗
13Section 06, 2026 voteForm 8-K2026-06-040001404644-26-000040Item 5.07 · say-on-pay result. As reported: 99.64% (votes for as printed: 9,991,445). Filing ↗
14Section 06, 2025 voteForm 8-K2025-06-120001404644-25-000053Item 5.07 · say-on-pay result. As reported: 70.87% (votes for as printed: 7,721,866). Filing ↗
15Section 06, 2024 voteForm 8-K2024-06-170001404644-24-000066Item 5.07 · say-on-pay result. As reported: 94.91% (votes for as printed: 9,092,990). Filing ↗
16Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
17Section 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
18Section 09b board cost (computed)Computed——Cash 270,000 + equity 0 + all other 0 = 270,000, summed across the director compensation table rows.machine: formula: Σ = 270,000
19Neurogene (subject), Section 10b CEO totalDEF 14A2026-04-160001404644-26-000027CEO total compensation as printed in Neurogene's own proxy. As printed: 3,209,553. Filing ↗machine: r2 · c21 · span 218271–218280