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Biopharma & Life Sciences

Apellis Pharmaceuticals Executive Compensation (FY24)

APLS · Executive and director compensation, fiscal 2022 to 2024
Data as of September 7, 2026Latest filing (8-K): June 4, 2025
197 figures on this page: 192 cited to the filing that reported them, 5 calculated from figures it prints. See the citations
Chief executive, fiscal 2024
◇
Cedric Francois
Latest say-on-pay support
=
June 3, 2025
What changed from fiscal 2023 to fiscal 2024
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Cedric Francois: $10,373,049 → $10,957,451 (5.6% higher)
Say-on-pay support: 89.9% → 94.8% (4.9 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Apellis Pharmaceuticals' chief executive and what were they paid?
Cedric Francois was paid $10,957,451 in total compensation as President & Chief Executive Officer for fiscal 2024. Francois' total was 5.6% higher than the $10,373,049 reported for fiscal 2023.
What was Apellis Pharmaceuticals' say-on-pay result?
The say-on-pay proposal drew 94.8% of votes cast for or against in favor at the meeting held June 3, 2025 for fiscal 2024.
Which companies are in Apellis Pharmaceuticals' peer group?
The disclosed peer group includes ACADIA Pharmaceuticals, Alkermes plc, Amicus Therapeutics, Inc., Axsome Therapeutics, Inc. and Biocryst Pharmaceuticals, Inc, among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Cedric Francois
President & Chief Executive Officer
◇◇◇◇——◇◇
Timothy Sullivan
Chief Financial Officer
◇◇◇◇——◇◇
Adam Townsend
Chief Commercial Officer
◇◇◇◇——◇◇
David Watson
General Counsel
◇◇◇◇——◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Cedric Francois
President & Chief Executive Officer
◇◇◇◇——◇◇
David Watson
General Counsel
◇◇◇◇——◇◇
Caroline Baumal
Chief Medical Officer
◇◇◇◇——◇◇
Timothy Sullivan
Chief Financial Officer
◇◇◇◇——◇◇
Adam Townsend
Chief Commercial Officer
◇◇◇◇——◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Cedric Francois
President & Chief Executive Officer
◇◇◇◇——◇◇
Caroline Baumal
Chief Medical Officer
◇◇◇◇——◇◇
Adam Townsend
Chief Commercial Officer
◇◇◇◇——◇◇
Timothy Sullivan
Chief Financial Officer
◇◇◇◇——◇◇
David Watson
General Counsel
◇◇◇◇——◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2024
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Adam TownsendOPTION◇——◇—◇◇
Adam TownsendRSU◇——◇——◇
Caroline BaumalOPTION◇——◇—◇◇
Caroline BaumalRSU◇——◇——◇
Cedric FrancoisOPTION◇——◇—◇◇
Cedric FrancoisRSU◇——◇——◇
David WatsonRSU◇——◇——◇
David WatsonOPTION◇——◇—◇◇
Timothy SullivanRSU◇——◇——◇
Timothy SullivanOPTION◇——◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2024 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Adam TownsendPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
David WatsonPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Timothy SullivanPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Caroline BaumalPSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2024
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gerald Chan
Board chair
◇◇◇———◇
Alec Machiels
◇◇◇———◇
Paul Fonteyne
◇◇◇———◇
Stephanie Monaghan O'Brien
◇◇◇———◇
A. Sinclair Dunlop
◇◇◇———◇
Keli Walbert, Cedric Francois and Craig Wheeler served on the board in fiscal 2024 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2024
  • ACADIA Pharmaceuticals ACAD
  • Alkermes plc ALKS
  • Amicus Therapeutics, Inc. FOLD
  • Axsome Therapeutics, Inc. AXSM
  • Biocryst Pharmaceuticals, Inc BCRX
  • Blueprint Medicines Corporation BPMC
  • Corcept Therapeutics Incorporated CORT
  • Intra-Cellular Therapies, Inc. ITCI
  • Ionis Pharmaceuticals IONS
  • Madrigal Pharmaceuticals, Inc. MDGL
  • Neurocrine Biosciences NBIX
  • PTC Therapeutics PTCT
  • Ultragenyx Pharmaceuticals RARE

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2024June 3, 2025=◇◇◇
2023June 5, 2024=◇◇◇
2022June 1, 2023=◇◇◇
2021June 1, 2022=◇◇◇
2020June 1, 2021=◇◇◇
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What this page does not include

Everything above is a fact Apellis Pharmaceuticals disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Apellis Pharmaceuticals sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
197 figures on this page: 192 cited to the filing that reported them, 5 calculated from figures it prints.
192 cited to the filing
5 calculated from the filing

Documents cited

  1. 0001193125-25-134886
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  2. 0000950170-25-056966
    ADVISORY VOTE ON THE FREQUENCY OF FUTURE EXECUTIVE COMPENSATION ADVISORY VOTES · FURTHER INFORMATION REGARDING EXE CUTIVE COMPENSATION · HOW OUR DIRECTORSRE SELECTED AND ELECTED & · Outstanding Equity Awards at 2024 Fiscal Year End · and 1 more section
  3. 0001193125-24-155179
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  4. 0000950170-24-049098
    Summary Compensation Table
  5. 0001193125-23-158943
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  6. 0000950170-23-013761
    Summary Compensation Table
  7. 0001193125-22-166256
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  8. 0001193125-21-178650
    Item 5.07. Submission of Matters to a Vote of Security Holders.
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This page is free to cite. Attribution we ask for:
Velarion, “Apellis Pharmaceuticals executive compensation, FY2022–FY2024.” https://intel.velarion.ai/comp/APLS (accessed 2026).
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Biopharma & Life Sciences rankings

Chief executive pay — Biopharma & Life SciencesCEO pay ratio — Biopharma & Life SciencesSay-on-pay support — Biopharma & Life Sciences

Peers Apellis Pharmaceuticals discloses

The companies named in APLS's own disclosed peer group.

ACADIA PharmaceuticalsAlkermes plcAmicus Therapeutics, Inc.Ionis PharmaceuticalsNeurocrine BiosciencesPTC TherapeuticsUltragenyx Pharmaceuticals

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy