Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2025-06-10

Verve Therapeutics (VERV)

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.

$7,442,663
Sekar Kathiresan total, FY2024
CEO pay percentile vs peers
CEO-to-median pay ratio
95.33%
Say-on-pay support, latest vote
Companies that benchmark against VERV
7 companies name VERV as a compensation peer

Each company listed discloses VERV 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 VERV 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
Sekar Kathiresan$639,231$0$1,683,000$4,727,372$378,972$0$14,088$7,442,663
Chief Executive Officer
Andrew Bellinger243,8460573,7502,038,94600574,3583,430,900
Former Chief Scientific Officer
Allison Dorval469,4230573,7501,617,732206,712014,0882,881,705
Chief Financial Officer
Andrew Ashe389,0770459,0001,348,110172,260011,6182,380,065
President, Chief Operating Officer and General Counsel

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
Sekar Kathiresan$7,442,663
Andrew Bellinger3,430,900
Allison Dorval2,881,705
Andrew Ashe2,380,065

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.

03

Grants of plan-based awards — fiscal year 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Andrew AsheOPTION$1,348,110
Allison DorvalOPTION1,617,732
Andrew AshePSU459,000
Andrew BellingerOPTION2,038,946
Allison DorvalPSU573,750
Andrew BellingerPSU573,750
Sekar KathiresanPSU1,683,000
Sekar KathiresanOPTION4,727,372
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Andrew Ashe$0$459,000$1,348,11025.4%
Allison Dorval0573,7501,617,73226.2%
Andrew Bellinger0573,7502,038,94622.0%
Sekar Kathiresan01,683,0004,727,37226.3%

% 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 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Allison DorvalRSU1,875$10,575
Andrew AsheOption99,01521.76
Andrew AsheOption150,00012.75
Allison DorvalOption30,94333.25
Allison DorvalOption17,50030.94
Andrew AsheOption01.48
Sekar KathiresanOption01.39
Sekar KathiresanOption01.48
Sekar KathiresanOption08.24
Sekar KathiresanOption019
Sekar KathiresanOption021.76
Andrew AsheOption02.87
Sekar KathiresanOption18,0008.24
Sekar KathiresanOption6,75019
Sekar KathiresanOption96,83830.94
Sekar KathiresanOption298,01421.76
Sekar KathiresanOption526,00012.75
Andrew AsheOption4,5008.24
Andrew AsheOption2,70019
Andrew AsheOption36,45930.94
Allison DorvalOption180,00012.75
Sekar KathiresanOption02.87
Sekar KathiresanOption034.88
Sekar KathiresanRSU132,000744,480
Andrew AsheRSU36,000203,040
Sekar KathiresanOption030.94
Allison DorvalRSU45,000253,800
Allison DorvalOption99,01521.76
05

Incentive-plan design — the Compensation Discussion & Analysis

equity grants provide our executives with a strong link to our long-term performance, create an ownership culture and help to align the interests of our executives and our stockholders

CEO STI target (% of salary)60%
CEO LTI target (% of salary)
Independent consultantRadford Data & Analytics from Aon plc
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-06-0556,159,1362,748,937478,38195.33%Passed
20242024-06-0639,396,0505,481,52425,64487.79%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
20252025-06-0595.33%a
20242024-06-0687.79%b

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be counted as votes cast or voted on Proposals No.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be counted as votes cast or voted on Proposals No.”.

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.

08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Jodie MorrisonIndependent · Compensation · Research and Development · Newly elected$26,971$0$937,999$0$0$964,970
Ourania Tatsis, Ph.DNot independent · Research and Development (Chair) · Newly elected23,1180937,99900961,117
Burt Adelman, M.DIndependent · Board Chair · Compensation (Chair) · Nominating/Governance (Chair)100,0000468,99900568,999
Michael MacLeanIndependent · Audit (Chair)65,0000468,99900533,999
Sheila Mikhail, J.DIndependent · Audit · Nominating/Governance57,5000468,99900526,499
Krishna Yeshwant, M.DIndependent · Nominating/Governance53,6680468,99900522,667
Lonnel CoatsIndependent · Audit52,5000468,99900521,499
Alexander CumboIndependent · Compensation52,5000468,99900521,499
Sekar Kathiresan, M.DEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$45,000
Annual equity retainer$468,999
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)11,250 / 7,500 / 5,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$431,257
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$431,257

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
1Verve Therapeutics2024Sekar Kathiresan$639,231$1,683,000$4,727,372$378,972$7,442,663

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, Sekar KathiresanDEF 14A2025-04-250000950170-25-058325Section “Summary compensation table” · page 17. As printed: 7,442,663. Filing ↗machine: r2 · c20 · span 327433–327442
2Section 01, Andrew BellingerDEF 14A2025-04-250000950170-25-058325Section “Summary compensation table” · page 17. As printed: 3,430,900. Filing ↗machine: r5 · c20 · span 348506–348515
3Section 01, Allison DorvalDEF 14A2025-04-250000950170-25-058325Section “Summary compensation table” · page 17. As printed: 2,881,705. Filing ↗machine: r11 · c20 · span 388418–388427
4Section 01, Andrew AsheDEF 14A2025-04-250000950170-25-058325Section “Summary compensation table” · page 17. As printed: 2,380,065. Filing ↗machine: r8 · c20 · span 369568–369577
5Section 03, Andrew Ashe OPTIONDEF 14A2025-04-250000950170-25-058325Section “EXECUTIVE AND DIRECTOR COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t9 · r8 · c11 · span 366232–366241
6Section 03, Allison Dorval OPTIONDEF 14A2025-04-250000950170-25-058325Section “EXECUTIVE AND DIRECTOR COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t9 · r11 · c11 · span 385082–385091
7Section 03, Andrew Ashe PSUDEF 14A2025-04-250000950170-25-058325Section “EXECUTIVE AND DIRECTOR COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t9 · r8 · c8 · span 365236–365243
8Section 03, Andrew Bellinger OPTIONDEF 14A2025-04-250000950170-25-058325Section “EXECUTIVE AND DIRECTOR COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t9 · r5 · c11 · span 345169–345178
9Section 03, Allison Dorval PSUDEF 14A2025-04-250000950170-25-058325Section “EXECUTIVE AND DIRECTOR COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t9 · r11 · c8 · span 384086–384093
10Section 03, Andrew Bellinger PSUDEF 14A2025-04-250000950170-25-058325Section “EXECUTIVE AND DIRECTOR COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t9 · r5 · c8 · span 344173–344180
11Section 03, Sekar Kathiresan PSUDEF 14A2025-04-250000950170-25-058325Section “EXECUTIVE AND DIRECTOR COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t9 · r2 · c8 · span 323099–323108
12Section 03, Sekar Kathiresan OPTIONDEF 14A2025-04-250000950170-25-058325Section “EXECUTIVE AND DIRECTOR COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t9 · r2 · c11 · span 324097–324106
13Section 08, Jodie MorrisonDEF 14A2025-04-250000950170-25-058325Section “Director Compensation”. As printed: 964,970. Filing ↗machine: t14 · r7 · c11 · span 764491–764498
14Section 08, Ourania Tatsis, Ph.DDEF 14A2025-04-250000950170-25-058325Section “Director Compensation”. As printed: 961,117. Filing ↗machine: t14 · r8 · c11 · span 768933–768940
15Section 08, Burt Adelman, M.DDEF 14A2025-04-250000950170-25-058325Section “Director Compensation”. As printed: 568,999. Filing ↗machine: t14 · r2 · c11 · span 742293–742300
16Section 08, Michael MacLeanDEF 14A2025-04-250000950170-25-058325Section “Director Compensation”. As printed: 533,999. Filing ↗machine: t14 · r5 · c11 · span 755607–755614
17Section 08, Sheila Mikhail, J.DDEF 14A2025-04-250000950170-25-058325Section “Director Compensation”. As printed: 526,499. Filing ↗machine: t14 · r6 · c11 · span 760052–760059
18Section 08, Krishna Yeshwant, M.DDEF 14A2025-04-250000950170-25-058325Section “Director Compensation”. As printed: 522,667. Filing ↗machine: t14 · r9 · c11 · span 773788–773795
19Section 08, Lonnel CoatsDEF 14A2025-04-250000950170-25-058325Section “Director Compensation”. As printed: 521,499. Filing ↗machine: t14 · r3 · c11 · span 746730–746737
20Section 08, Alexander CumboDEF 14A2025-04-250000950170-25-058325Section “Director Compensation”. As printed: 521,499. Filing ↗machine: t14 · r4 · c11 · span 751170–751177
21Section 08, Sekar Kathiresan, M.DDEF 14A2025-04-250000950170-25-058325Section “Director Compensation”. As printed: 0. Filing ↗
22Section 06, 2025 voteForm 8-K2025-06-100001193125-25-138470Item 5.07 · say-on-pay result. As reported: 95.33% (votes for as printed: 56,159,136). Filing ↗
23Section 06, 2024 voteForm 8-K2024-06-070001193125-24-157327Item 5.07 · say-on-pay result. As reported: 87.79% (votes for as printed: 39,396,050). Filing ↗
24Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
25Section 09b board cost (computed)ComputedcomputedCash 431,257 + equity 0 + all other 0 = 431,257, summed across the director compensation table rows.machine: formula: Σ = 431,257
26Verve Therapeutics (subject), Section 10b CEO totalDEF 14A2025-04-250000950170-25-058325CEO total compensation as printed in Verve Therapeutics's own proxy. As printed: 7,442,663. Filing ↗machine: r2 · c20 · span 327433–327442