Companies Neuraxis, INC
Neuraxis (NRXS): executive pay, fiscal 2025
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CEO pay, last three years
- $839,398FY2023
- $578,376FY2024
- $936,439FY2025
CEO total pay was $936,439 in fiscal 2025, up from $578,376 in fiscal 2024.
FY2025: salary $345,102 · bonus $180,960 · stock awards $388,841
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Executives and directors
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Brian Carrico | $345,102 | $180,960 | $388,841 | — | — | — | $21,536 | $936,439 |
| President, Chief Executive Officer, and Director | ||||||||
| Timothy Henrichs | 327,336 | 140,551 | 327,922 | — | — | — | 21,536 | 817,345 |
| Chief Financial Officer | ||||||||
| Adrian Miranda | 300,000 | 77,533 | 171,900 | — | — | — | 21,536 | 570,969 |
| Chief Medical Officer, Senior Vice President of Science and Technology | ||||||||
| Thomas Carrico | 300,000 | 77,533 | 166,308 | — | — | — | 23,042 | 566,883 |
| Chief Regulatory Officer, Compliance Officer and Privacy 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 officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Brian Carrico | $936,439 | $578,376 | $839,398 | ↑ +358,063 |
| Timothy Henrichs | 817,345 | 628,877 | — | ↑ +188,468 |
| Adrian Miranda | 570,969 | 382,445 | 323,052 | ↑ +188,524 |
| Thomas Carrico | 566,883 | 368,914 | 411,097 | ↑ +197,969 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | — |
| Anti-hedging | — |
| Anti-pledging | — |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Carrico | RSU | 35,000 | — | $158,900 |
| Adrian Miranda | RSU | 35,000 | — | 158,900 |
| Carrico | RSU | 37,435 | — | 169,955 |
| Adrian Miranda | RSU | 40,000 | — | 181,600 |
| Timothy Henrichs | RSU | 67,980 | — | 308,629 |
| Carrico | RSU | 70,019 | — | 317,886 |
| Carrico | RSU | 100,640 | — | 456,906 |
| Timothy Henrichs | RSU | 174,037 | — | 790,128 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Kristin FergeIndependent · Audit (Chair) · Compensation · Nominating and Corporate Governance | $65,004 | $50,000 | — | — | — | $115,004 |
| Gilad AharonIndependent · Compensation (Chair) | 60,883 | 50,000 | — | — | — | 110,883 |
| Bradley Mitch WatkinsIndependent · Board Chair · Audit · Compensation · Nominating and Corporate Governance | 60,537 | 50,000 | — | — | — | 110,537 |
| Beth KeyserIndependent · Audit · Compensation · Nominating and Corporate Governance (Chair) | 60,000 | 50,000 | — | — | — | 110,000 |
| Timothy HenrichsNot independent · Departed during FY | 0 | 0 | — | — | — | 0 |
| Brian CarricoEmployee director | — | — | — | — | — | 0 |
| Christopher Robin BrownNot independent · Newly elected | — | — | — | — | — | — |
Board fee structure and ownership guideline
| Annual cash retainer | — |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $246,424 |
| Equity awards (grant-date value) | $200,000 |
| All other compensation | $0 |
| Total cost of the board | $446,424 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Neuraxis as a peer
Companies that benchmark against NRXS
No companies currently name NRXS as a compensation peer in their most recent disclosure.
This is the complete answer, not a partial one — the list is never padded.
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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Neuraxis, INC | 2025 | Brian Carrico | $345,102 | $388,841 | — | — | $936,439 |
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.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2024 | 2024-08-15 | 3,609,621 | 26,578 | 5,000 | 99.27% | 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 year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2024 | 2024-08-15 | 99.27%a |
a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the outcome of the vote on this proposal.”.
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.
CEO pay ratio
| Ratio (CEO : median employee) | — |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (16 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Brian Carrico. DEF 14A, filed 2026-04-28. Section “Executive Compensation”. As printed: 936,439. View filing ↗
- Section 01, Timothy Henrichs. DEF 14A, filed 2026-04-28. Section “Executive Compensation”. As printed: 817,345. View filing ↗
- Section 01, Adrian Miranda. DEF 14A, filed 2026-04-28. Section “Executive Compensation”. As printed: 570,969. View filing ↗
- Section 01, Thomas Carrico. DEF 14A, filed 2026-04-28. Section “Executive Compensation”. As printed: 566,883. View filing ↗
- Section 07, pay ratio. 10-K, filed 2026-03-19. Section “CEO Pay Ratio”. As printed: —. View filing ↗
- Section 08, Kristin Ferge. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 115,004. View filing ↗
- Section 08, Gilad Aharon. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 110,883. View filing ↗
- Section 08, Bradley Mitch Watkins. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 110,537. View filing ↗
- Section 08, Beth Keyser. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 110,000. View filing ↗
- Section 08, Timothy Henrichs. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Brian Carrico. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Christopher Robin Brown. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: —. View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-08-21. Item 5.07 · say-on-pay result. As reported: 99.27% (votes for as printed: 3,609,621). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 246,424 + equity 200,000 + all other 0 = 446,424, summed across the director compensation table rows.
- Neuraxis, INC (subject), Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in Neuraxis, INC's own proxy. As printed: 936,439. View filing ↗