Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-22

Tenax Therapeutics (TENX)

Fiscal year 2025 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.

$8,079,633
Christopher Giordano total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
98.77%
Say-on-pay support, latest vote
Companies that benchmark against TENX
No companies currently name TENX as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Christopher Giordano$563,734$0$0$7,266,000$204,375$0$45,524$8,079,633
President and Chief Executive Officer
Stuart Rich322,724003,242,750157,50009,9933,732,967
Chief Medical Officer
Thomas McGauley000000475,498475,498
Interim 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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Christopher Giordano$8,079,633
Stuart Rich3,732,967
Thomas McGauley475,498

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 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Christopher GiordanoOption1,400,0005.89
Stuart RichOption625,0005.89
05

Incentive-plan design — the Compensation Discussion & Analysis

Compensation is provided through a mix of base salary, annual cash bonus based on operational goals, and long-term equity compensation in the form of options.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantAnderson Pay Advisors
Clawback policy
Anti-hedgingfalse
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-06-112,435,04330,28420,72298.77%Passed
20222022-06-0913,901,2721,123,419120,75492.52%Passed
20192019-06-133,242,063386,6111589.35%Passed
20172017-06-143,958,457232,71066,21894.45%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
20252025-06-1198.77%a
20222022-06-0992.52%b
20192019-06-1389.35%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

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.

09

Board fee structure and ownership guideline

Annual cash retainer$45,000
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)15,000 / 10,000 / 7,000
Stock ownership guideline
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
1Tenax Therapeutics2025Christopher Giordano$563,734$0$7,266,000$204,375$8,079,633

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.

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, Christopher GiordanoDEF 14A2026-04-220001193125-26-168580Section “Executive Compensation”. As printed: 8,079,633. Filing ↗machine: span 393167–393176
2Section 01, Stuart RichDEF 14A2026-04-220001193125-26-168580Section “Executive Compensation”. As printed: 3,732,967. Filing ↗machine: span 423487–423496
3Section 01, Thomas McGauleyDEF 14A2026-04-220001193125-26-168580Section “Executive Compensation”. As printed: 475,498. Filing ↗machine: r9 · c28 · span 452034–452041
4Section 06, 2025 voteForm 8-K2025-06-170001654954-25-007104Item 5.07 · say-on-pay result. As reported: 98.77% (votes for as printed: 2,435,043). Filing ↗
5Section 06, 2022 voteForm 8-K2022-06-100001654954-22-008221Item 5.07 · say-on-pay result. As reported: 92.52% (votes for as printed: 13,901,272). Filing ↗
6Section 06, 2019 voteForm 8-K2019-06-140001654954-19-007357Item 5.07 · say-on-pay result. As reported: 89.35% (votes for as printed: 3,242,063). Filing ↗
7Tenax Therapeutics (subject), Section 10b CEO totalDEF 14A2026-04-220001193125-26-168580CEO total compensation as printed in Tenax Therapeutics's own proxy. As printed: 8,079,633. Filing ↗machine: span 393167–393176