CEO Robert Duggan was paid $172,376 in fiscal year 2025, ↑ up 8.7% from fiscal year 2024 (SEC filing 0001599298-26-000029 ↗): 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.
$249,127,782 Manmeet Soni total, FY2025 Chief Operating Officer, Chief Financial Officer and Director — highest-paid officer; CEO Robert Duggan: $172,376 | — CEO (Robert Duggan) pay percentile vs peers | 489:1 CEO-to-median pay ratio | 96.22% Say-on-pay support, latest vote |
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SMMT's next annual pay disclosure, estimated April 17, 2027.est. Filing ↗
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Manmeet Soni | $616,500 | $388,395 | $0 | $248,101,887 | $0 | $0 | $21,000 | $249,127,782 |
| Chief Operating Officer, Chief Financial Officer and Director | ||||||||
| Mahkam Zanganeh | 616,500 | 388,395 | 0 | 245,021,384 | 0 | 0 | 21,000 | 246,047,279 |
| Co-Chief Executive Officer, President and Director | ||||||||
| Robert Duggan | 0 | 0 | 0 | 0 | 0 | 0 | 172,376 | 172,376 |
| Co-Chief Executive Officer and Chairman of the Board of Directors | ||||||||
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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Manmeet Soni | $249,127,782 | $4,772,489 | $23,613,339 | ↑ +244,355,293 |
| Mahkam Zanganeh | 246,047,279 | 1,161,021 | 20,562,924 | ↑ +244,886,258 |
| Robert Duggan | 172,376 | 158,613 | 0 | ↑ +13,763 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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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.
| Executive | Role | FY2025 total |
|---|---|---|
| Robert Duggan | CEO | $172,376 |
| Mahkam Zanganeh | CEO | $246,047,279 |
| Manmeet Soni | CFO | $249,127,782 |
One page per director: the seat, the committees and the fee table, read for one person at a time.
| Director | Role | FY2025 total |
|---|---|---|
| Alessandra Cesano | Independent Director | $640,181 |
| Jeff Huber | Independent Director | $649,186 |
| Kenneth A. Clark | Lead Independent Director | $835,697 |
| Mostafa Ronaghi | Independent Director | $625,486 |
| Robert Booth | Independent Director | $672,773 |
| Yu (Michelle) Xia | Director | $649,996 |
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.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Robert W. Duggan | Director | 2026-06-04 | A | 100,000 | $15 | $1,460,000 | Common, indirect | Form 4 ↗ |
| Manmeet Soni | Director | 2026-06-04 | A | 25,000 | 14 | 360,750 | Common | Form 4 ↗ |
| Manmeet Soni | Director | 2026-06-04 | A | 25,000 | 14 | 361,500 | Common | Form 4 ↗ |
| Mahkam Zanganeh | Director | 2026-06-04 | A | 100,000 | 15 | 1,460,000 | Common, indirect | Form 4 ↗ |
| Mahkam Zanganeh | Director | 2026-06-12 | A | 3,810,000 | 13 | 49,987,200 | Common, indirect | Form 4 ↗ |
| Robert W. Duggan | Director | 2026-06-12 | A | 3,810,000 | 13 | 49,987,200 | Common | Form 4 ↗ |
| Bhaskar Anand | Chief Accounting Officer | 2026-10-08 | A | 100,000 | 0 | 0 | Common | Form 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.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Manmeet Soni | Option | 3,732,400 | 1.68 | — |
| Mahkam Zanganeh | Option | 346,580 | 1.06 | — |
| Mahkam Zanganeh | Option | 133,300 | 1.29 | — |
| Mahkam Zanganeh | Option | 3,196,053 | 1.68 | — |
| Mahkam Zanganeh | Option | 5,994,099 | 1.68 | — |
| Manmeet Soni | Option | 7,000,000 | 1.68 | — |
| Manmeet Soni | Option | 825,000 | 3.85 | — |
We seek to ensure that the total compensation paid to our NEOs is reasonable and competitive. Compensation of our NEOs is structured around the achievement of individual performance, annual Company objectives and key results (“OKRs”) and long-term business objectives.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-06-10 | 622,624,328 | 24,445,791 | 101,383 | 96.22% | Passed |
| 2025 | 2025-06-12 | 607,320,353 | 16,607,648 | 177,556 | 97.34% | Passed |
| 2024 | 2024-06-14 | 604,242,482 | 15,872,371 | 879,801 | 97.44% | Passed |
| 2021 | 2021-06-16 | 61,902,912 | 65,335 | 97,479 | 99.89% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-06-10 | 96.22%a |
| 2025 | 2025-06-12 | 97.34%b |
| 2024 | 2024-06-14 | 97.44%c |
a. Approved under the standard stated in the filing — “If you ABSTAIN from voting on this proposal, your abstention will not be counted as a vote cast on Proposal 3 and will have no effect on the outcome of the proposal.”.
b. Approved under the standard stated in the filing — “If you ABSTAIN from voting on this proposal, your abstention will not be counted as a vote cast on Proposal 3 and will have no effect on the outcome of the proposal.”.
c. Voting standard not stated in the filing.
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.
| Ratio (CEO : median employee) | 489 : 1 |
|---|---|
| CEO total compensation | $246,047,279 |
| Median employee compensation | $503,340 |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Kenneth A. ClarkIndependent · Lead Independent Director · Compensation (Chair) · Nominating and Corporate Governance (Chair) | $0 | $0 | $835,697 | — | $0 | $835,697 |
| Robert BoothIndependent · Audit · Nominating and Corporate Governance | 0 | 0 | 672,773 | — | 0 | 672,773 |
| Yu (Michelle) XiaNot independent | 0 | 0 | 649,996 | — | 0 | 649,996 |
| Jeff HuberIndependent · Audit (Chair) | 86,600 | 0 | 562,586 | — | 0 | 649,186 |
| Alessandra CesanoIndependent · Nominating and Corporate Governance | 28,200 | 0 | 611,981 | — | 0 | 640,181 |
| Mostafa RonaghiIndependent · Audit · Compensation | 62,900 | 0 | 562,586 | — | 0 | 625,486 |
| Manmeet SoniEmployee director | 0 | 0 | 0 | — | 0 | 0 |
| Robert W. DugganEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
| Mahkam ZanganehEmployee director | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $49,900 |
|---|---|
| Annual equity retainer | $35,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 36,700 / 13,000 / 13,000 |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $177,700 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $177,700 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
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 | Summit Therapeutics | 2025 | Robert Duggan | $0 | $0 | $0 | $0 | $172,376 |
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.
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.
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.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Manmeet Soni | DEF 14A | 2026-04-17 | 0001599298-26-000029 | Section “Executive Compensation”. As printed: 249,127,782. Filing ↗machine: r10 · c21 · span 391802–391813 |
| 2 | Section 01, Mahkam Zanganeh | DEF 14A | 2026-04-17 | 0001599298-26-000029 | Section “Executive Compensation”. As printed: 246,047,279. Filing ↗machine: r6 · c21 · span 385284–385295 |
| 3 | Section 01, Robert Duggan | DEF 14A | 2026-04-17 | 0001599298-26-000029 | Section “Executive Compensation”. As printed: 172,376. Filing ↗machine: r2 · c21 · span 378348–378355 |
| 4 | Section 07, pay ratio | DEF 14A | 2026-04-17 | 0001599298-26-000029 | Section “CEO Pay Ratio”. As printed: 489 : 1. Filing ↗machine: span 499557–499560 |
| 5 | Section 08, Kenneth A. Clark | DEF 14A | 2026-04-17 | 0001599298-26-000029 | Section “Director Compensation”. As printed: 835,697. Filing ↗machine: span 297922–298190 |
| 6 | Section 08, Robert Booth | DEF 14A | 2026-04-17 | 0001599298-26-000029 | Section “Director Compensation”. As printed: 672,773. Filing ↗machine: span 299323–299565 |
| 7 | Section 08, Yu (Michelle) Xia | DEF 14A | 2026-04-17 | 0001599298-26-000029 | Section “Director Compensation”. As printed: 649,996. Filing ↗machine: span 301915–302157 |
| 8 | Section 08, Jeff Huber | DEF 14A | 2026-04-17 | 0001599298-26-000029 | Section “Director Compensation”. As printed: 649,186. Filing ↗machine: span 304832–305074 |
| 9 | Section 08, Alessandra Cesano | DEF 14A | 2026-04-17 | 0001599298-26-000029 | Section “Director Compensation”. As printed: 640,181. Filing ↗machine: span 300959–301201 |
| 10 | Section 08, Mostafa Ronaghi | DEF 14A | 2026-04-17 | 0001599298-26-000029 | Section “Director Compensation”. As printed: 625,486. Filing ↗machine: span 303549–303791 |
| 11 | Section 08, Manmeet Soni | DEF 14A | 2026-04-17 | 0001599298-26-000029 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 12 | Section 08, Robert W. Duggan | DEF 14A | 2026-04-17 | 0001599298-26-000029 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 13 | Section 08, Mahkam Zanganeh | DEF 14A | 2026-04-17 | 0001599298-26-000029 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 14 | Section 02, Robert W. Duggan 2026-06-04 | Form 4 | 2026-06-04 | 0001055919-26-000005 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 15 | Section 02, Manmeet Soni 2026-06-04 | Form 4 | 2026-06-04 | 0001569769-26-000004 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 16 | Section 02, Manmeet Soni 2026-06-04 | Form 4 | 2026-06-04 | 0001569769-26-000004 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 17 | Section 02, Mahkam Zanganeh 2026-06-04 | Form 4 | 2026-06-04 | 0001507650-26-000005 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 18 | Section 02, Mahkam Zanganeh 2026-06-12 | Form 4 | 2026-06-12 | 0001507650-26-000007 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 19 | Section 02, Robert W. Duggan 2026-06-12 | Form 4 | 2026-06-12 | 0001055919-26-000007 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 20 | Section 02, Bhaskar Anand 2026-10-08 | Form 4 | 2026-10-14 | 0001890784-26-000006 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 21 | Section 06, 2026 vote | Form 8-K | 2026-06-12 | 0001599298-26-000054 | Item 5.07 · say-on-pay result. As reported: 96.22% (votes for as printed: 622,624,328). Filing ↗ |
| 22 | Section 06, 2025 vote | Form 8-K | 2025-06-17 | 0001599298-25-000116 | Item 5.07 · say-on-pay result. As reported: 97.34% (votes for as printed: 607,320,353). Filing ↗ |
| 23 | Section 06, 2024 vote | Form 8-K | 2024-06-17 | 0001193125-24-162715 | Item 5.07 · say-on-pay result. As reported: 97.44% (votes for as printed: 604,242,482). Filing ↗ |
| 24 | Section 01 trend, Δ column (computed) | Computed | — | — | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 25 | Section 09b board cost (computed) | Computed | — | — | Cash 177,700 + equity 0 + all other 0 = 177,700, summed across the director compensation table rows.machine: formula: Σ = 177,700 |
| 26 | Summit Therapeutics (subject), Section 10b CEO total | DEF 14A | 2026-04-17 | 0001599298-26-000029 | CEO total compensation as printed in Summit Therapeutics's own proxy. As printed: 172,376. Filing ↗machine: r2 · c21 · span 378348–378355 |
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