Velarion · Company Intelligence
Compensation Brief
Fiscal year 2023 · Filings through 2024-04-23

Syros Pharmaceuticals, Inc. (SYRS)

CEO Conley Chee was paid $1,041,697 in fiscal year 2023 (SEC filing 0001193125-24-105876 ↗): 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.

$1,436,782
Nancy Simonian total, FY2023
Former President & Chief Executive Officer — highest-paid officer; CEO Conley Chee: $1,041,697
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CEO (Conley Chee) pay percentile vs peers
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CEO-to-median pay ratio
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Say-on-pay support, latest vote

Ask our research desk, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Conley Chee (President & Chief Executive Officer), FY2023 total compensation $1,041,697 (base salary $479,092) [exec_comp, SEC accession 0001193125-24-105876, filed 2024-04-23]
01

Summary Compensation Table — fiscal year 2023

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Nancy Simonian$635,385$0$477,174$0$318,986$0$5,237$1,436,782
Former President & Chief Executive Officer
Conley Chee479,0920369,4600192,45506901,041,697
President & Chief Executive Officer
Eric Olson409,7910140,700000385,277935,768
Former Chief Scientific Officer
David Roth516,1540160,8000197,60001,980876,534
Chief Medical Officer
Jason Haas485,1850160,8000185,74401,290833,019
Chief Financial 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 officerFY2023 totalFY2022 totalFY2021 totalΔ FY2022→2023
Nancy Simonian$1,436,782$3,487,880—↓ −2,051,098
Conley Chee1,041,697———
Eric Olson935,7681,668,669—↓ −732,901
David Roth876,5341,759,093—↓ −882,559
Jason Haas833,0191,416,010—↓ −582,991

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 SYRS

Each company listed discloses SYRS in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons.

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 2023

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Conley CheeRSU2023-02-16——35,000——
Conley CheePSU2023-02-16—35,000——369,460
Conley CheeRSU2023-12-02——86,000——
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Conley Chee$0$369,460$0100.0%

% 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 2023

ExecutiveAwardShares unvestedExercise priceMarket value unvested
David RothRSU6,000—$46,740
Conley CheeOption15,75248.1—
Eric OlsonOption3,47730.38—
Nancy SimonianRSU118,700—924,673
Conley CheeRSU6,000—46,740
Eric OlsonOption6,069114.1—
Nancy SimonianPSU118,700—924,673
Jason HaasRSU40,000—311,600
Eric OlsonOption45313.88—
Nancy SimonianRSU40,000—311,600
David RothRSU20,000—155,800
David RothRSU18,875—147,036
Eric OlsonOption7,499109—
Conley CheeRSU86,000—669,940
David RothRSU40,000—311,600
Nancy SimonianRSU18,000—140,220
David RothOption24,8756.73—
Conley CheeOption5,42015.9—
Jason HaasRSU18,875—147,036
Eric OlsonOption7,49967.1—
David RothOption39675.4—
Conley CheeOption22,2506.73—
David RothOption3,471114.1—
Nancy SimonianRSU40,125—312,574
Eric OlsonOption2,58430.4—
David RothPSU40,000—311,600
Conley CheePSU86,000—669,940
Jason HaasPSU40,000—311,600
Nancy SimonianOption20,31415.9—
Conley CheeRSU35,000—272,650
Conley CheePSU35,000—272,650
Conley CheeRSU17,000—132,430
Jason HaasRSU6,000—46,740
Jason HaasOption6,77515.9—
David RothOption6,77515.9—
Jason HaasOption34,38245.4—
Jason HaasOption24,8756.73—
Nancy SimonianOption57,5006.73—
Eric OlsonOption6,349109—
Eric OlsonOption8,41575.4—
Eric OlsonOption3,95515.9—
05

Incentive-plan design — the Compensation Discussion & Analysis

The company aims to reward value creation for stockholders and attract, motivate, and retain executive officers by aligning their interests with those of stockholders through a mix of short-term and long-term performance-based incentives. The compensation committee considers market comparables, individual and corporate performance, and the desire to foster long-term commitment while managing dilution.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantCompensia Inc.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
08

Director compensation — fiscal year 2023

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Peter WirthIndependent$80,000$14,800$15,604—$110,404$110,404
Marsha H. FanucciIndependent54,37514,80015,604—84,77984,779
S. Gail EckhardtIndependent52,00014,80015,604—82,40482,404
Richard A. YoungIndependent51,75014,80015,604—82,15482,154
Deborah DunsireIndependent48,67014,80015,604—79,07479,074
Andrew M. OhIndependent48,12514,80015,604—78,15478,154
Timothy C. TysonIndependent45,62514,80015,604—76,02976,029
Mark J. AllesIndependent35,62514,80015,604—66,02966,029
09

Board fee structure and ownership guideline

Annual cash retainer$40,000
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)15,000 / 10,000 / 8,000
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2023
Cash retainers and fees$416,170
Equity awards (grant-date value)$118,400
All other compensation$659,027
Total cost of the board$1,193,597

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
1Syros Pharmaceuticals, Inc.2023Conley Chee$479,092$369,460$0$192,455$1,041,697

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 Syros Pharmaceuticals, Inc. in fiscal 2023?
As disclosed, Nancy Simonian (Former President & Chief Executive Officer) was the highest-paid executive at Syros Pharmaceuticals, Inc. in fiscal 2023, with total compensation of $1,436,782.
How much does Syros Pharmaceuticals, Inc. spend in total on board compensation for fiscal 2023?
As disclosed, Syros Pharmaceuticals, Inc. reported total board compensation of $1,193,597 for fiscal 2023.

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, Nancy Simonian10-K2024-04-230001193125-24-105876Section “Executive Compensation”. As printed: 1,436,782. Filing ↗machine: r10 · c27 · span 257487–257496
2Section 01, Conley Chee10-K2024-04-230001193125-24-105876Section “Executive Compensation”. As printed: 1,041,697. Filing ↗machine: r2 · c27 · span 248160–248169
3Section 01, Eric Olson10-K2024-04-230001193125-24-105876Section “Executive Compensation”. As printed: 935,768. Filing ↗machine: r12 · c27 · span 260263–260270
4Section 01, David Roth10-K2024-04-230001193125-24-105876Section “Executive Compensation”. As printed: 876,534. Filing ↗machine: r4 · c27 · span 250575–250582
5Section 01, Jason Haas10-K2024-04-230001193125-24-105876Section “Executive Compensation”. As printed: 833,019. Filing ↗machine: r6 · c27 · span 253235–253242
6Section 03, Conley Chee RSU10-K2024-04-230001193125-24-105876Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
7Section 03, Conley Chee PSU10-K2024-04-230001193125-24-105876Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
8Section 03, Conley Chee RSU10-K2024-04-230001193125-24-105876Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
9Section 08, Peter Wirth10-K2024-04-230001193125-24-105876Section “Director Compensation”. As printed: 110,404. Filing ↗
10Section 08, Marsha H. Fanucci10-K2024-04-230001193125-24-105876Section “Director Compensation”. As printed: 84,779. Filing ↗
11Section 08, S. Gail Eckhardt10-K2024-04-230001193125-24-105876Section “Director Compensation”. As printed: 82,404. Filing ↗
12Section 08, Richard A. Young10-K2024-04-230001193125-24-105876Section “Director Compensation”. As printed: 82,154. Filing ↗
13Section 08, Deborah Dunsire10-K2024-04-230001193125-24-105876Section “Director Compensation”. As printed: 79,074. Filing ↗
14Section 08, Andrew M. Oh10-K2024-04-230001193125-24-105876Section “Director Compensation”. As printed: 78,154. Filing ↗
15Section 08, Timothy C. Tyson10-K2024-04-230001193125-24-105876Section “Director Compensation”. As printed: 76,029. Filing ↗
16Section 08, Mark J. Alles10-K2024-04-230001193125-24-105876Section “Director Compensation”. As printed: 66,029. Filing ↗
17Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
18Section 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
19Section 09b board cost (computed)Computed——Cash 416,170 + equity 118,400 + all other 659,027 = 1,193,597, summed across the director compensation table rows.machine: formula: Σ = 1,193,597
20Syros Pharmaceuticals, Inc. (subject), Section 10b CEO total10-K2024-04-230001193125-24-105876CEO total compensation as printed in Syros Pharmaceuticals, Inc.'s own proxy. As printed: 1,041,697. Filing ↗machine: r2 · c27 · span 248160–248169

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