CEO Sushma Shivaswamy was paid $570,992 in fiscal year 2025, ↓ down 13.2% from fiscal year 2024 (SEC filing 0001171843-26-006362 ↗): 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.
$30,134,204 John Simard total, FY2025 Former President & Chief Executive Officer — highest-paid officer; CEO Sushma Shivaswamy: $570,992 | — CEO (Sushma Shivaswamy) pay percentile vs peers | — CEO-to-median pay ratio | — Say-on-pay support, latest vote |
Ask our research desk, 24h, every figure cited to its filing.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| John Simard | $1,250,000 | $8,530,442 | — | $3,000,000 | — | — | $17,353,762 | $30,134,204 |
| Former President & Chief Executive Officer | ||||||||
| Sushma Shivaswamy | 468,557 | 90,000 | 0 | 0 | 0 | 0 | 12,436 | 570,992 |
| Interim Chief Executive Officer & Chief Scientific 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| John Simard | $30,134,204 | $6,245,581 | — | ↑ +23,888,623 |
| Sushma Shivaswamy | 570,992 | 657,572 | — | ↓ −86,580 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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Each company listed discloses XBIT 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 XBIT in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| John Simard | Option | 48,125 | 9.45 | — |
| John Simard | Option | 500,000 | 11.12 | — |
| Sushma Shivaswamy | Option | 50,000 | 4.24 | — |
| Sushma Shivaswamy | Option | 100,000 | 12.67 | — |
| Hu | Option | 10,000 | 12.64 | — |
| Sushma Shivaswamy | Option | 100,000 | 3.84 | — |
| Hu | Option | 10,000 | 10.36 | — |
| Hu | Option | 5,000 | 5.26 | — |
| John Simard | Option | 61,516 | 4.24 | — |
| Sushma Shivaswamy | Option | 15,000 | 5.26 | — |
| John Simard | Option | 110,740 | 4.44 | — |
| Sushma Shivaswamy | Option | 150,000 | 4.13 | — |
| John Simard | Option | 150,000 | 7.45 | — |
| John Simard | Option | 1,026,228 | 3.52 | — |
| Sushma Shivaswamy | Option | 100,000 | 10.36 | — |
| Hu | Option | 30,000 | 3.84 | — |
The Company's executive compensation program is designed to attract and retain key executives critical to the Company's success and to align the financial interests of executive officers with those of shareholders. The program seeks to motivate and reward executives by ensuring that a significant portion of compensation opportunities is directly related to the achievement of financial and operational goals that impact shareholder value.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
| Annual cash retainer | $50,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | — |
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 | XBiotech Inc. | 2025 | Sushma Shivaswamy | $468,557 | $0 | $0 | $0 | $570,992 |
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, John Simard | DEF 14A | 2026-10-02 | 0001171843-26-006362 | Section “Executive Compensation”. As printed: 30,134,204. Filing ↗ |
| 2 | Section 01, Sushma Shivaswamy | DEF 14A | 2026-10-02 | 0001171843-26-006362 | Section “Executive Compensation”. As printed: 570,992. Filing ↗machine: r3 · c24 · span 252665–252672 |
| 3 | 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) |
| 4 | XBiotech Inc. (subject), Section 10b CEO total | DEF 14A | 2026-10-02 | 0001171843-26-006362 | CEO total compensation as printed in XBiotech Inc.'s own proxy. As printed: 570,992. Filing ↗machine: r3 · c24 · span 252665–252672 |
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