Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-11

Voyager Therapeutics (VYGR)

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.

$2,508,370
Alfred Sandrock total, FY2025
33rd
CEO pay percentile vs peers
CEO-to-median pay ratio
97.24%
Say-on-pay support, latest vote
Companies that benchmark against VYGR
5 companies name VYGR as a compensation peer

Each company listed discloses VYGR 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 VYGR 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 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Alfred Sandrock$674,903$0$611,900$843,900$361,917$0$15,750$2,508,370
Chief Executive Officer, President, and Director
Jacquelyn Fahey Sandell297,8420175,130241,53000760,4841,474,986
Former Chief Legal Officer
Robin Swartz520,1900300,675414,675205,475013,2851,454,300
Chief Business Officer & Chief Operating Officer
Toby Ferguson513,3690265,860366,660202,781015,7501,364,420
Former Chief Medical 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
Alfred Sandrock$2,508,370
Jacquelyn Fahey Sandell1,474,986
Robin Swartz1,454,300
Toby Ferguson1,364,420

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

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.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Michael HigginsDirector2026-06-09A30,000$0$0Derivative, Class A CommonForm 4 ↗
Nancy VitaleDirector2026-06-09A30,00000Derivative, Class A CommonForm 4 ↗
George ScangosDirector2026-06-09A30,00000Derivative, Class A CommonForm 4 ↗
Catherine J. MackeyDirector2026-06-09A30,00000Derivative, Class A CommonForm 4 ↗
Steven HymanDirector2026-06-09A30,00000Derivative, Class A CommonForm 4 ↗
Glenn PierceDirector2026-06-09A30,00000Derivative, Class A CommonForm 4 ↗
Grace ColonDirector2026-06-09A30,00000Derivative, Class A CommonForm 4 ↗
Jude OnyiaDirector2026-06-09A30,00000Derivative, Class A CommonForm 4 ↗
James A. GeraghtyDirector2026-06-09A30,00000Derivative, Class A CommonForm 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.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Alfred SandrockOPTION$843,900
Toby FergusonOPTION366,660
Jacquelyn Fahey SandellPRSU175,130
Robin SwartzOPTION414,675
Robin SwartzPRSU300,675
Toby FergusonPRSU265,860
Jacquelyn Fahey SandellOPTION241,530
Alfred SandrockPRSU611,900
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Alfred Sandrock$0$0$843,9000.0%
Toby Ferguson00366,6600.0%
Jacquelyn Fahey Sandell00241,5300.0%
Robin Swartz00414,6750.0%

% 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 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Alfred SandrockRSU178,042$600,000
Robin SwartzOption76,5008.43
Robin SwartzOption114,0004.22
Robin SwartzRSU33,334131,003
Robin SwartzRSU13,33352,399
Robin SwartzOption2,5002.85
Robin SwartzRSU70,000275,100
Robin SwartzRSU71,250280,013
Robin SwartzOption5,2003.32
Jacquelyn Fahey SandellOption73,70810.18
Jacquelyn Fahey SandellOption27,2807.6
Jacquelyn Fahey SandellOption16,6004.22
Robin SwartzOption23,3347.43
Robin SwartzOption56,0007.6
Robin SwartzOption118,1259.26
Robin SwartzRSU78,000306,540
Robin SwartzRSU63,000247,590
Robin SwartzOption100,8004.22
05

Incentive-plan design — the Compensation Discussion & Analysis

Voyager's compensation programs are designed to: attract and retain individuals with superior ability, technical, and managerial experience; align executive officers' incentives with our corporate strategies, business objectives and the long-term interests of our stockholders; and increase the incentive to achieve key strategic performance measures by linking incentive award opportunities to the achievement of performance objectives, and by providing a portion of total compensation for executive officers in the form of ownership in the Company.

CEO STI target (% of salary)55%
CEO LTI target (% of salary)
Independent consultantAlpine Rewards, LLC
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-1032,041,373910,087157,03797.24%Passed
20252025-06-0337,755,4322,034,622108,04094.89%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.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-1097.24%a
20252025-06-0394.89%b

a. Voting standard not stated in the filing.

b. 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.

07

CEO pay ratio

Ratio (CEO : median employee)
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Michael HigginsIndependent · Board Chair · Audit (Chair) · Compensation · Nominating/Governance$92,500$0$53,760$0$0$146,260
Nancy VitaleIndependent · Compensation (Chair) · Nominating/Governance55,000053,76000108,760
Steven HymanIndependent · Audit · Science and Technology (Chair)54,000053,76000107,760
Grace E. ColónIndependent · Audit · Compensation54,000053,76000107,760
James A. GeraghtyIndependent · Audit · Nominating/Governance53,500053,76000107,260
Catherine J. MackeyIndependent · Audit · Science and Technology53,000053,76000106,760
Glenn PierceIndependent · Compensation · Science and Technology51,000053,76000104,760
George ScangosIndependent · Science and Technology · Nominating/Governance (Chair)50,000053,76000103,760
Jude OnyiaNot independent · Science and Technology45,000053,7600098,760
Alfred SandrockEmployee director00000
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)16,000 / 12,500 / 10,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$508,000
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$508,000

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

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

TNYA Tenaya Therapeutics, Inc.GLUE Monte Rosa Therapeutics, Inc.PEPG PepGen, Inc.VIGL Vigil Neuroscience, Inc.FHTX Foghorn Therapeutics, Inc.EDIT Editas Medicine, Inc.PRME Prime Medicine, Inc.PRLD Prelude Therapeutics Inc.WVE Wave Life Sciences Ltd.STOK Stoke Therapeutics, Inc.LXEO Lexeo Therapeutics, Inc.MGTX MeiraGTx Holdings plcSLDB Solid Biosciences, Inc.ADVM Adverum Biotechnologies, Inc.TRDA Entrada Therapeutics, Inc.NGNE Neurogene, Inc.VERV Verve Therapeutics, Inc.
10a

Peer reciprocity

Of the companies Voyager 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.

Tenaya Therapeutics, Inc. (TNYA) Monte Rosa Therapeutics, Inc. (GLUE) PepGen, Inc. (PEPG) Vigil Neuroscience, Inc. (VIGL) Foghorn Therapeutics, Inc. (FHTX) Editas Medicine, Inc. (EDIT)44 Prime Medicine, Inc. (PRME) Prelude Therapeutics Inc. (PRLD) Wave Life Sciences Ltd. (WVE) Stoke Therapeutics, Inc. (STOK) Lexeo Therapeutics, Inc. (LXEO) MeiraGTx Holdings plc (MGTX) Solid Biosciences, Inc. (SLDB) Adverum Biotechnologies, Inc. (ADVM) Entrada Therapeutics, Inc. (TRDA) Neurogene, Inc. (NGNE) Verve Therapeutics, Inc. (VERV)

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 Voyager 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
1Verve Therapeutics, Inc.2024Sekar Kathiresan$639,231$1,683,000$4,727,372$378,972$7,442,663
2Solid Biosciences, Inc.2025Alexander Cumbo650,9882,318,2751,792,39705,223,442
3Prime Medicine, Inc.2025Allan Reine606,21202,828,798402,0003,894,187
4Entrada Therapeutics, Inc.2025Dipal Doshi635,0001,387,4281,452,059349,2503,837,737
5Voyager Therapeutics2025Alfred Sandrock674,903611,900843,900361,9172,508,370
6Foghorn Therapeutics, Inc.2025Adrian Gottschalk638,00001,334,037385,9902,361,027
7Editas Medicine, Inc.2025Gilmore O'Neill686,57401,282,937375,1642,353,655
Tenaya Therapeutics, Inc.not in coverage universe
Monte Rosa Therapeutics, Inc.not in coverage universe
PepGen, Inc.not in coverage universe
Vigil Neuroscience, Inc.not in coverage universe
Prelude Therapeutics Inc.not in coverage universe
Wave Life Sciences Ltd.not in coverage universe
Stoke Therapeutics, Inc.not in coverage universe
Lexeo Therapeutics, Inc.not in coverage universe
MeiraGTx Holdings plcnot in coverage universe
Adverum Biotechnologies, Inc.not in coverage universe
Neurogene, Inc.not in coverage universe

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
Voyager Therapeutics97.5%not disclosedNoAlpine Rewards, LLC
Adverum Biotechnologies, Inc.not disclosednot disclosednot disclosednot disclosed
Editas Medicine, Inc.91%Options 100not disclosedPearl Meyer & Partners, LLC
Entrada Therapeutics, Inc.not disclosednot disclosedNoPay Governance
Foghorn Therapeutics, Inc.not disclosedOptions 100not disclosedPay Governance, LLC
Lexeo Therapeutics, Inc.not disclosednot disclosednot disclosednot disclosed
MeiraGTx Holdings plcnot disclosednot disclosednot disclosednot disclosed
Monte Rosa Therapeutics, Inc.not disclosednot disclosednot disclosednot disclosed
Neurogene, Inc.not disclosednot disclosednot disclosednot disclosed
PepGen, Inc.not disclosednot disclosednot disclosednot disclosed
Prelude Therapeutics Inc.not disclosednot disclosednot disclosednot disclosed
Prime Medicine, Inc.120%Options 100not disclosedAlpine Rewards
Solid Biosciences, Inc.100%not disclosedNoRadford (AON Hewitt)
Stoke Therapeutics, Inc.not disclosednot disclosednot disclosednot disclosed
Tenaya Therapeutics, Inc.not disclosednot disclosednot disclosednot disclosed
Verve Therapeutics, Inc.not disclosednot disclosednot disclosedRadford Data & Analytics from Aon plc
Vigil Neuroscience, Inc.not disclosednot disclosednot disclosednot disclosed
Wave Life Sciences Ltd.not disclosednot disclosednot disclosednot disclosed

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.

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, Alfred SandrockDEF 14A2026-04-280001104659-26-050297Section “Summary Compensation Table”. As printed: 2,508,370. Filing ↗machine: t9 · r1 · c47 · span 370852–370861
2Section 01, Jacquelyn Fahey SandellDEF 14A2026-04-280001104659-26-050297Section “Summary Compensation Table”. As printed: 1,474,986. Filing ↗machine: t9 · r3 · c47 · span 381828–381837
3Section 01, Robin SwartzDEF 14A2026-04-280001104659-26-050297Section “Summary Compensation Table”. As printed: 1,454,300. Filing ↗machine: r5 · c47 · span 392885–392894
4Section 01, Toby FergusonDEF 14A2026-04-280001104659-26-050297Section “Summary Compensation Table”. As printed: 1,364,420. Filing ↗machine: r7 · c47 · span 403929–403938
5Section 03, Alfred Sandrock OPTIONDEF 14A2026-04-280001104659-26-050297Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t9 · r1 · c29 · span 368653–368660
6Section 03, Toby Ferguson OPTIONDEF 14A2026-04-280001104659-26-050297Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t9 · r7 · c29 · span 402077–402084
7Section 03, Jacquelyn Fahey Sandell PRSUDEF 14A2026-04-280001104659-26-050297Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t9 · r3 · c23 · span 379315–379322
8Section 03, Robin Swartz OPTIONDEF 14A2026-04-280001104659-26-050297Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t9 · r5 · c29 · span 390691–390698
9Section 03, Robin Swartz PRSUDEF 14A2026-04-280001104659-26-050297Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t9 · r5 · c23 · span 389918–389925
10Section 03, Toby Ferguson PRSUDEF 14A2026-04-280001104659-26-050297Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t9 · r7 · c23 · span 401418–401425
11Section 03, Jacquelyn Fahey Sandell OPTIONDEF 14A2026-04-280001104659-26-050297Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t9 · r3 · c29 · span 379974–379981
12Section 03, Alfred Sandrock PRSUDEF 14A2026-04-280001104659-26-050297Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t9 · r1 · c23 · span 367879–367886
13Section 07, pay ratioDEF 14A2026-04-280001104659-26-050297Section “CEO Pay Ratio”. As printed: —. Filing ↗
14Section 08, Michael HigginsDEF 14A2026-04-280001104659-26-050297Section “Director Compensation”. As printed: 146,260. Filing ↗machine: t5 · r3 · c23 · span 264315–264322
15Section 08, Nancy VitaleDEF 14A2026-04-280001104659-26-050297Section “Director Compensation”. As printed: 108,760. Filing ↗machine: t5 · r9 · c23 · span 281405–281412
16Section 08, Steven HymanDEF 14A2026-04-280001104659-26-050297Section “Director Compensation”. As printed: 107,760. Filing ↗machine: t5 · r4 · c23 · span 266943–266950
17Section 08, Grace E. ColónDEF 14A2026-04-280001104659-26-050297Section “Director Compensation”. As printed: 107,760. Filing ↗machine: t5 · r1 · c23 · span 258626–258633
18Section 08, James A. GeraghtyDEF 14A2026-04-280001104659-26-050297Section “Director Compensation”. As printed: 107,260. Filing ↗machine: t5 · r2 · c23 · span 261253–261260
19Section 08, Catherine J. MackeyDEF 14A2026-04-280001104659-26-050297Section “Director Compensation”. As printed: 106,760. Filing ↗machine: t5 · r5 · c23 · span 270016–270023
20Section 08, Glenn PierceDEF 14A2026-04-280001104659-26-050297Section “Director Compensation”. As printed: 104,760. Filing ↗machine: t5 · r7 · c23 · span 275714–275721
21Section 08, George ScangosDEF 14A2026-04-280001104659-26-050297Section “Director Compensation”. As printed: 103,760. Filing ↗machine: t5 · r8 · c23 · span 278345–278352
22Section 08, Jude OnyiaDEF 14A2026-04-280001104659-26-050297Section “Director Compensation”. As printed: 98,760. Filing ↗machine: t5 · r6 · c23 · span 272643–272649
23Section 08, Alfred SandrockDEF 14A2026-04-280001104659-26-050297Section “Director Compensation”. As printed: 0. Filing ↗
24Section 02, Michael Higgins 2026-06-09Form 42026-06-110001104659-26-072923Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Nancy Vitale 2026-06-09Form 42026-06-110001104659-26-072924Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, George Scangos 2026-06-09Form 42026-06-110001104659-26-072934Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Catherine J. Mackey 2026-06-09Form 42026-06-110001104659-26-072927Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Steven Hyman 2026-06-09Form 42026-06-110001104659-26-072926Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Glenn Pierce 2026-06-09Form 42026-06-110001104659-26-072917Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Grace Colon 2026-06-09Form 42026-06-110001104659-26-072919Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Jude Onyia 2026-06-09Form 42026-06-110001104659-26-072922Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, James A. Geraghty 2026-06-09Form 42026-06-110001104659-26-072921Insider equity transaction reported since the proxy statement. Filing ↗
33Section 06, 2026 voteForm 8-K2026-06-100001104659-26-072324Item 5.07 · say-on-pay result. As reported: 97.24% (votes for as printed: 32,041,373). Filing ↗
34Section 06, 2025 voteForm 8-K2025-06-050001104659-25-056835Item 5.07 · say-on-pay result. As reported: 94.89% (votes for as printed: 37,755,432). Filing ↗
35Section 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
36Section 09b board cost (computed)ComputedcomputedCash 508,000 + equity 0 + all other 0 = 508,000, summed across the director compensation table rows.machine: formula: Σ = 508,000
37Verve Therapeutics, Inc., Section 10b CEO totalDEF 14A2025-04-250000950170-25-058325CEO total compensation as printed in Verve Therapeutics, Inc.'s own proxy. As printed: 7,442,663. Filing ↗machine: r2 · c20 · span 327433–327442
38Solid Biosciences, Inc., Section 10b CEO totalDEF 14A2026-04-230001193125-26-173642CEO total compensation as printed in Solid Biosciences, Inc.'s own proxy. As printed: 5,223,442. Filing ↗machine: r2 · c25 · span 472915–472924
39Prime Medicine, Inc., Section 10b CEO totalDEF 14A2026-04-230001628280-26-026697CEO total compensation as printed in Prime Medicine, Inc.'s own proxy. As printed: 3,894,187. Filing ↗machine: r2 · c42 · span 285179–285188
40Entrada Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-240001689375-26-000021CEO total compensation as printed in Entrada Therapeutics, Inc.'s own proxy. As printed: 3,837,737. Filing ↗machine: t12 · r2 · c14 · span 336891–336900
41Voyager Therapeutics (subject), Section 10b CEO totalDEF 14A2026-04-280001104659-26-050297CEO total compensation as printed in Voyager Therapeutics's own proxy. As printed: 2,508,370. Filing ↗machine: t9 · r1 · c47 · span 370852–370861
42Foghorn Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-300001193125-26-193928CEO total compensation as printed in Foghorn Therapeutics, Inc.'s own proxy. As printed: 2,361,027. Filing ↗machine: r2 · c34 · span 245360–245369
43Editas Medicine, Inc., Section 10b CEO totalDEF 14A2026-04-280001650664-26-000037CEO total compensation as printed in Editas Medicine, Inc.'s own proxy. As printed: 2,353,655. Filing ↗machine: t42 · r2 · c12 · span 545455–545464
44Section 10a, Editas Medicine, Inc. reciprocityDEF 14A0001650664-26-000037Editas Medicine, Inc. names Voyager Therapeutics in its own disclosed peer group (read from its most recent proxy). Filing ↗