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MedTech & Diagnostics

Delcath Systems Executive Compensation (FY25)

DCTH · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Gerard Michel
Latest say-on-pay support
=
May 13, 2026
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Data as of October 28, 2026Latest filing (8-K): May 14, 2026
12 filings cited on this page
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132 figures on this page: 123 cited to the filing that reported them, 9 calculated from figures it prints. See the citations

More on Delcath Systems

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Gerard Michel: $2,157,414 → $5,765,258 (167.2% higher)
Say-on-pay support: 98.5% → 88.3% (10.2 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Delcath Systems' chief executive and what were they paid?
Gerard Michel, Chief Executive Officer, received $5,765,258 in total compensation for fiscal 2025. Michel's total was 167.2% higher than the $2,157,414 reported for fiscal 2024.
What was Delcath Systems' say-on-pay result?
Shareholders supported the say-on-pay proposal with 88.3% of votes cast for or against in favor at the meeting held May 13, 2026 for fiscal 2025.

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
Gerard Michel
Chief Executive Officer
◇——◇◇—◇◇
John Purpura
Chief Operating Officer
◇——◇◇——◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gerard Michel
Chief Executive Officer
◇——◇◇——◇
John Purpura
Chief Operating Officer
◇——◇◇——◇
Kevin Muir
General Manager, Interventional Oncology
◇——◇◇——◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gerard Michel
Chief Executive Officer
◇——◇◇——◇
Vojislav Vukovic
Chief Medical Officer
◇——◇◇——◇
Martha Rook
Chief Operating Officer
◇——◇◇——◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gerard Michel
Chief Executive Officer
◇——◇◇——◇
Vojislav Vukovic
Chief Medical Officer
◇——◇◇——◇
Martha Rook
Chief Operating Officer
◇——◇◇——◇
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
Gerard MichelOPTION◇——◇—◇—
Martha RookOPTION◇——◇—◇—
Vojislav VukovicOPTION◇——◇—◇—
Fiscal 2023 are included in the PDF.
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 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Gerard MichelOption◇—◇2/7/35
Option◇—◇2/12/34
Option◇—◇6/12/33
Option◇—◇2/8/33
Martha RookOption◇—◇2/7/35
Option◇—◇3/18/34
Vojislav VukovicOption◇—◇2/7/35
Option◇—◇2/12/34
Option◇—◇6/20/33
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 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John Sylvester
Board chair
◇—◇———◇
Elizabeth Czerepak
◇—◇———◇
Steven Salamon
◇—◇———◇
Bridget Martell, M.A., M.D
◇—◇———◇
Gil Aharon, Ph.D
◇—◇———◇
Gerard Michel served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
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◇
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◇
Equity is delivered as Options.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 13, 2026=◇◇◇
2024May 15, 2025=◇◇◇
2023May 23, 2024=◇◇◇
2022June 12, 2023=◇◇◇
2021May 4, 2022=◇◇◇
2020May 6, 2021=◇◇◇
2019November 23, 2020=◇◇◇
2018September 17, 2019=◇◇◇
2015July 19, 2016=◇◇◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Gerard Michel (Chief Executive Officer), FY2025 total compensation $5,765,258 (base salary $635,707) [exec_comp, SEC accession 0001628280-26-022948, filed 2026-04-02]

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What this page does not include

Everything above is a fact Delcath Systems disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
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.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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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.
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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.
132 figures on this page: 123 cited to the filing that reported them, 9 calculated from figures it prints.
123 cited to the filing
9 calculated from the filing

Documents cited

  1. 0001193125-26-222899
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001628280-26-022948
    NON-EMPLOYEE DIRECTOR COMPENSATION · OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END — 2025 · SUMMARY COMPENSATION TABLE
  3. 0001193125-25-121700
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001628280-25-015761
    SUMMARY COMPENSATION TABLE
  5. 0001193125-24-149142
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001628280-24-016059
    SUMMARY COMPENSATION TABLE
  7. 0001193125-23-166068
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001193125-22-142591
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001193125-21-154966
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001193125-20-302715
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001193125-19-249655
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001193125-16-652580
    Item 5.07. Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Delcath Systems executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/DCTH (accessed 2026).
Short form: data: Velarion

The paid brief for Delcath Systems

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
12 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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MedTech & Diagnostics rankings

Chief executive pay — MedTech & DiagnosticsCEO pay ratio — MedTech & DiagnosticsSay-on-pay support — MedTech & Diagnostics

Terms on this page

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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}
}
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