CEO total pay
$19,932,217
Stéphane Bancel · 2025
Say on pay
77%
Latest disclosed shareholder vote
CEO pay ratio
CD&ANot in CD&A
Median employee: $19,932,217
Compensation committee
CD&ACompensation Committee
Per the latest proxy
Filings indexed: 2 · 2026 · 2025
Executive pay
What did they pay them?
From the Summary Compensation Table. Pay mix and YoY are computed from these rows.
| Executive | Role | TotalYoY | Pay mix | Salary | Stock | Cash incentive | Other |
|---|---|---|---|---|---|---|---|
Stéphane Bancel2025 compensation | Chief Executive Officer | $19,932,217 | 88% at-risk | $1,677,739 | $6,897,455 | — | $157,238 |
James Mock2025 compensation | Chief Financial Officer | $5,857,761 | 81% at-risk | $852,192 | $2,452,404 | — | $15,750 |
Stephen Hoge, M.D.2025 compensation | President | $18,054,133 | 92% at-risk | $1,260,000 | $9,196,606 | — | $15,750 |
Shannon Thyme Klinger2025 compensation | Chief Legal Officer and CorporateSecretary | $5,397,914 | 79% at-risk | $852,192 | $2,145,838 | — | $15,750 |
Pay mix: base cash incentive equity other
CD&A excerpt
Compensation discussion & analysis
Opening passage of the loaded filing's CD&A. Use Ask below to query the full text with citations.
Read the full CD&A on SEC.gov ↗
Governance
Policy guardrails
hedging
prohibited
“We prohibit our executive officers, the members of our Board and all employees from hedging or pledging our securities.”
pledging
prohibited
“We prohibit our executive officers, the members of our Board and all employees from hedging or pledging our securities.”
clawback
present
“Clawback Policy”
stock ownership guidelines
present
“6 times annual cash retainerIn February 2021, the Stock Ownership Policy was revised by the Compensation Committee to provide that only owned shares would count toward satisfaction of the ownership requirement, eliminati…”
change in control
Double-Trigger Change of Control
“Double-Trigger Change of Control”
compensation consultant
independent
“Our Compensation Committee charter requires that our compensation consultant is independent of Company management”
compensation committee
Compensation Committee
“Maintain an Independent Compensation Committee”
Performance markers
Metric facts
revenue
$1.9 billion
“program seeks to incentivize and reward strong corporate performance. Highlights of our 2025 corporate performance are set forth below.Total Revenue and Operating Expenses•The most heavily weighted factor in the assessme…”
annual incentive payout
170%
“overall bonus multiplier of 170%.”
say on pay
77%
“at our Annual Meeting on our “say on pay” proposal supported the pay actions we took in the prior year.”
ceo pay ratio
—
“equivalent to 1.5% of our stock outstanding as of December 31, 2025, with such increase taking effect on January 1, 2026. No such increase was authorized by the Compensation Committee for the ESPP for 2026. The number do…”
median employee compensation
$19,932,217
“of our entire employee population of approximately 4,700 global employees as of December 31, 2025. In performing this analysis, we identified the median employee based on actual base pay during 2025, plus all cash bonuse…”
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Anything about Moderna, Inc.’s 2026 proxy
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