Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2026-04-29

Soleno Therapeutics (SLNO)

Fiscal year 2024 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.

$51,160,430
Anish Bhatnagar total, FY2024
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote

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Companies that benchmark against SLNO
5 companies name SLNO as a compensation peer

Each company listed discloses SLNO 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 SLNO 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 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Anish Bhatnagar$640,000$0$46,883,000$3,231,230$403,200$0$3,000$51,160,430
CEO and Chairman of the Board
James Mackaness460,00006,923,2001,195,555193,20003,0008,774,955
Chief Financial Officer
Meredith Manning415,17901,947,2005,234,010173,661013,0007,783,050
Chief Commercial Officer
Patricia Hirano375,00005,018,600516,997137,81303,0006,051,410
Senior Vice President, Regulatory Affairs

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 officerFY2024 totalFY2023 totalFY2022 totalΔ FY20232024
Anish Bhatnagar$51,160,430$4,116,434+47,043,996
James Mackaness8,774,9551,211,636+7,563,319
Meredith Manning7,783,050
Patricia Hirano6,051,4101,028,973+5,022,437

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 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Anish BhatnagarOption19,68833.6
Anish BhatnagarOption227,5205.25
Anish BhatnagarOption59,8962.41
Patricia HiranoOption3,02933.6
James MackanessOption37,00036.7
Patricia HiranoOption1,9875.1
Anish BhatnagarRSU425,00019,103,750
James MackanessRSU50,0002,247,500
Patricia HiranoOption39,8795.25
Anish BhatnagarOption11,0145.1
Patricia HiranoOption10,4172.41
James MackanessOption3,5215.1
Patricia HiranoRSU42,5001,910,375
Meredith ManningRSU40,0001,798,000
Anish BhatnagarOption100,00036.7
James MackanessOption15,6252.41
Meredith ManningOption128,00046.31
James MackanessOption41,2025.25
Patricia HiranoOption16,00036.7
05

Incentive-plan design — the Compensation Discussion & Analysis

The company embraces a performance-oriented compensation philosophy focused on creating long-term value, heavily weighting variable, at-risk pay through short-term cash incentives and long-term equity awards to align executive interests with stockholder returns and business goals.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantAon plc
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Dawn BirIndependent · Nominating and Corporate Governance$17,942$655,980$673,922
William G. HarrisIndependent · Audit (Chair) · Compensation70,000290,160360,160
Matthew PaulsIndependent · Lead Independent Director · Compensation · Nominating and Corporate Governance (Chair)64,161290,160354,321
Birgitte VolckIndependent · Audit · Nominating and Corporate Governance57,500290,160347,660
Ernest MarioIndependent · Departed during FY54,688290,160344,848
Andrew SinclairIndependent · Audit · Compensation (Chair)0290,160290,160
Gwen MelincoffIndependent · Not standing for re-election23,874023,874
Anish BhatnagarIndependent · Board Chair
09

Board fee structure and ownership guideline

Annual cash retainer$42,500
Annual equity retainer$6,500
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 10,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$288,165
Equity awards (grant-date value)$2,106,780
All other compensation$0
Total cost of the board$2,394,945

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

10

Disclosed peer group — fiscal year 2024

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 Soleno Therapeutics 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 Soleno Therapeutics.

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
1Soleno Therapeutics2024Anish Bhatnagar$640,000$46,883,000$3,231,230$403,200$51,160,430
2Cogent Biosciences Inc.2025Andrew Robbins724,55412,993,25013,447,680561,60027,762,684
3Viking Therapeutics Inc.2025Brian Lian672,00017,756,8172,468,016373,00021,269,833
4Rhythm Pharmaceuticals Inc.2025David Meeker807,6928,274,7857,688,560759,48817,544,525
5CymaBay Therapeutics Inc2025Dinesh Patel715,5005,839,2045,618,010686,88012,871,506
6Mirum Pharmaceuticals Inc.2025Christopher Peetz755,0003,683,9044,931,3201,057,00010,441,224
7Geron Corporation2025Harout Semerjian261,66709,695,400203,00010,221,755
8Arcus Biosciences Inc.2025Terry Rosen775,0002,199,4506,008,860658,7509,656,813
9Travere Therapeutics Inc.2025Eric Dube854,2503,314,5203,309,384964,1258,457,151
10Vir Biotechnology Inc.2025Marianne De Backer950,0002,296,8003,507,3601,002,7507,834,045
11Vera Therapeutics Inc.2025Marshall Fordyce660,0002,356,2853,415,725554,4006,986,410
12Viridian Therapeutics Inc.2025Stephen Mahoney700,0001,058,0984,381,713630,0006,776,249
13KalVista Pharmaceuticals Inc.2024Benjamin Palleiko580,4415,486,659302,46806,772,197
14Pliant Therapeutics Inc.2025Bernard Coulie682,0001,810,2502,713,750204,6005,462,901
15REGENXBIO Inc.2025Curran Simpson665,510777,4482,350,302387,3274,200,712
16Amylyx Pharmaceuticals Inc.2025Justin Klee686,200650,226817,783548,0982,719,807
17Alector Inc.2025Arnon Rosenthal678,100422,876558,216325,4881,995,018

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
Soleno Therapeuticsnot disclosednot disclosednot disclosedAon plc
Alector Inc.not disclosednot disclosednot disclosednot disclosed
Amylyx Pharmaceuticals Inc.106.5%not disclosedNoPearl Meyer
Arcus Biosciences Inc.100%Options 67 · RSU 33not disclosedRadford
Cogent Biosciences Inc.135%not disclosedNoCompensia
CymaBay Therapeutics Inc160%Options 50 · RSU 50not disclosedAon Human Capital Solutions
Geron Corporation90%Options 75 · RSU 25not disclosedAon
KalVista Pharmaceuticals Inc.not disclosednot disclosedNoAon
Mirum Pharmaceuticals Inc.200%Option 47.2 · PSU 17.6 · RSU 17.6NoAlpine Rewards
Pliant Therapeutics Inc.not disclosednot disclosednot disclosednot disclosed
REGENXBIO Inc.97%Options 75 · RSU 25not disclosedWillis Towers Watson
Rhythm Pharmaceuticals Inc.120%Options 50 · RSU 50NoPay Governance
Travere Therapeutics Inc.150%not disclosedNoAon
Vera Therapeutics Inc.140%RSU 50 · Options 50not disclosedAlpine Rewards
Viking Therapeutics Inc.not disclosednot disclosednot disclosedAon
Vir Biotechnology Inc.125%Options 67 · RSU 33not disclosedSemler Brossy
Viridian Therapeutics Inc.150%Options 75 · RSU 25not disclosedCompensia

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.

FAQ

Frequently asked questions

Who was the highest-paid executive at Soleno Therapeutics in fiscal 2024?
As disclosed, Anish Bhatnagar, CEO and Chairman of the Board, was the highest-paid executive with total compensation of $51,160,430.
How does Soleno Therapeutics's chief executive pay compare to its disclosed peer group?
The filing shows that the CEO pay percentile of disclosed peers is not disclosed in this filing.
What is Soleno Therapeutics's CEO-to-median employee pay ratio?
The filing shows that the CEO-to-median employee pay ratio is not disclosed in this filing.
How did shareholders vote on Soleno Therapeutics's executive compensation?
The filing shows that the say-on-pay support latest vote is not disclosed in this filing.
How much does Soleno Therapeutics spend in total on board compensation for fiscal 2024?
As disclosed, total board compensation for fiscal 2024 was $2,394,945.

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, Anish BhatnagarDEF 14A2025-04-220001193125-25-089274Section “2024 Summary Compensation Table”. As printed: 51,160,430. Filing ↗machine: r2 · c27 · span 288252–288262
2Section 01, James MackanessDEF 14A2025-04-220001193125-25-089274Section “2024 Summary Compensation Table”. As printed: 8,774,955. Filing ↗machine: r4 · c27 · span 292522–292531
3Section 01, Meredith ManningDEF 14A2025-04-220001193125-25-089274Section “2024 Summary Compensation Table”. As printed: 7,783,050. Filing ↗machine: r8 · c27 · span 300993–301002
4Section 01, Patricia HiranoDEF 14A2025-04-220001193125-25-089274Section “2024 Summary Compensation Table”. As printed: 6,051,410. Filing ↗machine: r6 · c27 · span 296781–296790
5Section 08, Dawn BirDEF 14A2025-04-220001193125-25-089274Section “Director Compensation”. As printed: 673,922. Filing ↗machine: span 228634–228641
6Section 08, William G. HarrisDEF 14A2025-04-220001193125-25-089274Section “Director Compensation”. As printed: 360,160. Filing ↗machine: span 222976–222983
7Section 08, Matthew PaulsDEF 14A2025-04-220001193125-25-089274Section “Director Compensation”. As printed: 354,321. Filing ↗machine: span 227502–227509
8Section 08, Birgitte VolckDEF 14A2025-04-220001193125-25-089274Section “Director Compensation”. As printed: 347,660. Filing ↗machine: span 226390–226397
9Section 08, Ernest MarioDEF 14A2025-04-220001193125-25-089274Section “Director Compensation”. As printed: 344,848. Filing ↗machine: span 221860–221867
10Section 08, Andrew SinclairDEF 14A2025-04-220001193125-25-089274Section “Director Compensation”. As printed: 290,160. Filing ↗machine: span 223868–223875
11Section 08, Gwen MelincoffDEF 14A2025-04-220001193125-25-089274Section “Director Compensation”. As printed: 23,874. Filing ↗machine: span 224722–224728
12Section 08, Anish BhatnagarDEF 14A2025-04-220001193125-25-089274Section “Director Compensation”. As printed: —. Filing ↗
13Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
14Section 09b board cost (computed)ComputedcomputedCash 288,165 + equity 2,106,780 + all other 0 = 2,394,945, summed across the director compensation table rows.machine: formula: Σ = 2,394,945
15Soleno Therapeutics (subject), Section 10b CEO totalDEF 14A2025-04-220001193125-25-089274CEO total compensation as printed in Soleno Therapeutics's own proxy. As printed: 51,160,430. Filing ↗machine: r2 · c27 · span 288252–288262
16Cogent 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
17Viking Therapeutics Inc., Section 10b CEO totalDEF 14A2026-04-010001193125-26-137915CEO total compensation as printed in Viking Therapeutics Inc.'s own proxy. As printed: 21,269,833. Filing ↗machine: r2 · c18 · span 395920–395930
18Rhythm Pharmaceuticals Inc., Section 10b CEO totalDEF 14A2026-04-290001628280-26-028375CEO total compensation as printed in Rhythm Pharmaceuticals Inc.'s own proxy. As printed: 17,544,525. Filing ↗machine: r2 · c42 · span 513064–513074
19CymaBay Therapeutics Inc, Section 10b CEO totalDEF 14A2026-04-280001104659-26-050429CEO total compensation as printed in CymaBay Therapeutics Inc's own proxy. As printed: 12,871,506. Filing ↗machine: r1 · c47 · span 613195–613205
20Mirum Pharmaceuticals Inc., Section 10b CEO totalDEF 14A2026-04-230001759425-26-000027CEO total compensation as printed in Mirum Pharmaceuticals Inc.'s own proxy. As printed: 10,441,224. Filing ↗machine: r2 · c21 · span 580200–580210
21Geron Corporation, Section 10b CEO totalDEF 14A2026-04-070000886744-26-000024CEO total compensation as printed in Geron Corporation's own proxy. As printed: 10,221,755. Filing ↗machine: t118 · r6 · c23 · span 1062574–1062584
22Arcus 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
23Travere Therapeutics Inc., Section 10b CEO totalDEF 14A2026-04-060001438533-26-000027CEO total compensation as printed in Travere Therapeutics Inc.'s own proxy. As printed: 8,457,151. Filing ↗machine: span 558514–558523
24Vir Biotechnology Inc., Section 10b CEO totalDEF 14A2026-04-160001628280-26-025379CEO total compensation as printed in Vir Biotechnology Inc.'s own proxy. As printed: 7,834,045. Filing ↗machine: t71 · r3 · c22 · span 625913–625922
25Vera Therapeutics Inc., Section 10b CEO totalDEF 14A2026-04-090001140361-26-014002CEO total compensation as printed in Vera Therapeutics Inc.'s own proxy. As printed: 6,986,410. Filing ↗machine: r2 · c24 · span 581040–581049
26Viridian Therapeutics Inc., Section 10b CEO totalDEF 14A2026-04-170001193125-26-160344CEO total compensation as printed in Viridian Therapeutics Inc.'s own proxy. As printed: 6,776,249. Filing ↗machine: r2 · c35 · span 371769–371778
27KalVista Pharmaceuticals Inc., Section 10b CEO totalDEF 14A2025-08-210001193125-25-185353CEO total compensation as printed in KalVista Pharmaceuticals Inc.'s own proxy. As printed: 6,772,197. Filing ↗machine: span 291290–291299
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
29REGENXBIO Inc., Section 10b CEO totalDEF 14A2026-04-140001193125-26-155058CEO total compensation as printed in REGENXBIO Inc.'s own proxy. As printed: 4,200,712. Filing ↗machine: r2 · c16 · span 436444–436453
30Amylyx Pharmaceuticals Inc., Section 10b CEO totalDEF 14A2026-04-230001193125-26-171800CEO total compensation as printed in Amylyx Pharmaceuticals Inc.'s own proxy. As printed: 2,719,807. Filing ↗machine: r4 · c29 · span 597623–597632
31Alector 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
32Section 10a, Mirum Pharmaceuticals Inc. reciprocityDEF 14A0001759425-26-000027Mirum Pharmaceuticals Inc.'s most recent proxy was read; its disclosed peer group does not include Soleno Therapeutics. Filing ↗
33Section 10a, Viridian Therapeutics Inc. reciprocityDEF 14A0001193125-26-160344Viridian Therapeutics Inc. names Soleno Therapeutics in its own disclosed peer group (read from its most recent proxy). Filing ↗
34Section 10a, Amylyx Pharmaceuticals Inc. reciprocityDEF 14A0001193125-26-171800Amylyx Pharmaceuticals Inc.'s most recent proxy was read; its disclosed peer group does not include Soleno Therapeutics. Filing ↗
35Section 10a, CymaBay Therapeutics Inc reciprocityDEF 14A0001104659-26-050429CymaBay Therapeutics Inc's most recent proxy was read; its disclosed peer group does not include Soleno Therapeutics. Filing ↗
36Section 10a, Cogent Biosciences Inc. reciprocityDEF 14A0001193125-26-173834Cogent Biosciences Inc.'s most recent proxy was read; its disclosed peer group does not include Soleno Therapeutics. Filing ↗
37Section 10a, Alector Inc. reciprocityDEF 14A0001193125-26-186928Alector Inc.'s most recent proxy was read; its disclosed peer group does not include Soleno Therapeutics. Filing ↗
38Section 10a, Rhythm Pharmaceuticals Inc. reciprocityDEF 14A0001628280-26-028375Rhythm Pharmaceuticals Inc.'s most recent proxy was read; its disclosed peer group does not include Soleno Therapeutics. Filing ↗
39Section 10a, Vera Therapeutics Inc. reciprocityDEF 14A0001140361-26-014002Vera Therapeutics Inc. names Soleno Therapeutics in its own disclosed peer group (read from its most recent proxy). Filing ↗
40Section 10a, Geron Corporation reciprocityDEF 14A0000886744-26-000024Geron Corporation's most recent proxy was read; its disclosed peer group does not include Soleno Therapeutics. Filing ↗
41Section 10a, Pliant Therapeutics Inc. reciprocityDEF 14A0001746473-26-000076Pliant Therapeutics Inc.'s most recent proxy was read; its disclosed peer group does not include Soleno Therapeutics. Filing ↗
42Section 10a, Travere Therapeutics Inc. reciprocityDEF 14A0001438533-26-000027Travere Therapeutics Inc.'s most recent proxy was read; its disclosed peer group does not include Soleno Therapeutics. Filing ↗
43Section 10a, Vir Biotechnology Inc. reciprocityDEF 14A0001628280-26-025379Vir Biotechnology Inc.'s most recent proxy was read; its disclosed peer group does not include Soleno Therapeutics. Filing ↗
44Section 10a, Viking Therapeutics Inc. reciprocityDEF 14A0001193125-26-137915Viking Therapeutics Inc.'s most recent proxy was read; its disclosed peer group does not include Soleno Therapeutics. Filing ↗