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Biopharma & Life Sciences

Exelixis Executive Compensation (FY25)

EXEL · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): May 29, 2026
323 figures on this page: 314 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
Michael Morrissey was paid $33,239,183 in total compensation as President and Chief Executive Officer for fiscal 2025, and Morrissey's total was 161.1% higher than the $12,732,048 reported for fiscal 2024. For fiscal 2025, shareholders backed the say-on-pay proposal with 79.0% of votes cast including abstentions in favor at the meeting held May 26, 2026. Companies named in the disclosed peer group include ACADIA Pharmaceuticals Inc., Alkermes plc, Alnylam Pharmaceuticals, Inc., BioMarin Pharmaceutical Inc. and Exact Sciences Corporation, among others. The company reported 7 named executive officers for fiscal 2025.
Chief executive, fiscal 2025
◇
Michael Morrissey
Median of the other named officers
$9,784,332
6 officers, excluding the chief executive
Latest say-on-pay support
=
May 26, 2026
Chief executive pay ratio
◇
To the median employee
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 — Michael Morrissey: $12,732,048 → $33,239,183 (161.1% higher)
Say-on-pay support: 96.9% → 79.0% (17.9 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Exelixis' chief executive and what were they paid?
Michael Morrissey was paid $33,239,183 in total compensation as President and Chief Executive Officer for fiscal 2025. Morrissey's total was 161.1% higher than the $12,732,048 reported for fiscal 2024.
What was Exelixis' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 79.0% of votes cast including abstentions in favor at the meeting held May 26, 2026.
Which companies are in Exelixis' peer group?
Companies named in the disclosed peer group include ACADIA Pharmaceuticals Inc., Alkermes plc, Alnylam Pharmaceuticals, Inc., BioMarin Pharmaceutical Inc. and Exact Sciences Corporation, among others.
What is Exelixis' chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 81:1, against median employee compensation of $410,693.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Morrissey
President and Chief Executive Officer
◇—◇—◇—◇◇
Amy Peterson
Former Executive Vice President, Product Development and Medical Affairs and Chief Medical Officer
◇◇◇◇◇—◇◇
Dana Aftab
Executive Vice President, Research and Development
◇—◇—◇—◇◇
Christopher Senner
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Jeffrey Hessekiel
Former Executive Vice President and General Counsel
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Morrissey
President and Chief Executive Officer
◇—◇—◇—◇◇
Christopher Senner
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Amy Peterson
Former Executive Vice President, Product Development and Medical Affairs and Chief Medical Officer
◇—◇—◇—◇◇
Jeffrey Hessekiel
Former Executive Vice President and General Counsel
◇—◇—◇—◇◇
Dana Aftab
Executive Vice President, Research and Development
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Morrissey
President and Chief Executive Officer
◇—◇—◇—◇◇
Amy Peterson
Former Executive Vice President, Product Development and Medical Affairs and Chief Medical Officer
Departed during or after this year
◇—◇———◇◇
Christopher Senner
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Dana Aftab
Executive Vice President, Research and Development
◇—◇—◇—◇◇
Patrick Haley
Executive Vice President, Commercial
◇—◇—◇—◇◇
Jeffrey Hessekiel
Former Executive Vice President and General Counsel
Departed during or after this year
◇—◇———◇◇
Brenda Hefti
Senior Vice President and 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 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Brenda J. HeftiPSU◇◇◇—◇—◇
Brenda J. HeftiRSU◇——◇——◇
Brenda J. HeftiOTHER◇—◇———◇
Brenda J. HeftiRSU◇——◇——◇
Christopher J. SennerOTHER◇—◇———◇
Christopher J. SennerRSU◇——◇——◇
Christopher J. SennerPSU◇◇◇—◇—◇
Dana T. AftabRSU◇——◇——◇
Dana T. AftabRSU◇——◇——◇
Dana T. AftabOTHER◇—◇———◇
Dana T. AftabPSU◇◇◇—◇—◇
Michael M. MorrisseyOTHER◇—◇———◇
Michael M. MorrisseyRSU◇——◇——◇
Michael M. MorrisseyPSU◇◇◇—◇—◇
Patrick J. HaleyOTHER◇—◇———◇
Patrick J. HaleyRSU◇——◇——◇
Patrick J. HaleyPSU◇◇◇—◇—◇
Fiscal 2023, 2024 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
Christopher SennerRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Patrick HaleyRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Michael MorrisseyRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇3/3/2028
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Dana AftabRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Brenda HeftiRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
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
Stelios Papadopoulos, Ph.D
Board chair
◇◇————◇
Julie A. Smith
◇◇———◇◇
Jack L. Wyszomierski
◇◇————◇
Maria C. Freire, Ph.D
◇◇———◇◇
Tomas J. Heyman
◇◇———◇◇
George Poste, DVM, Ph.D., FRS
◇◇————◇
Mary C. Beckerle, Ph.D
◇◇———◇◇
David E. Johnson
◇—◇——◇◇
S. Gail Eckhardt, M.D
◇◇———◇◇
Robert L. Oliver, Jr
◇◇————◇
Michael M. Morrissey, Ph.D 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.
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◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as RSUs or Options (director's choice).
Stock ownership guideline: 5x annual cash retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • ACADIA Pharmaceuticals Inc. ACAD
  • Alkermes plc ALKS
  • Alnylam Pharmaceuticals, Inc. ALNY
  • BioMarin Pharmaceutical Inc. BMRN
  • Exact Sciences Corporation EXAS
  • Halozyme Therapeutics HALO
  • Incyte Corporation INCY
  • Ionis Pharmaceuticals, Inc. IONS
  • Jazz Pharmaceuticals plc JAZZ
  • Natera, Inc. NTRA
  • Neurocrine Biosciences, Inc. NBIX
  • NovoCure Limited NVCR
  • PTC Therapeutics, Inc. PTCT
  • Sarepta Therapeutics, Inc. SRPT
  • Ultragenyx Pharmaceutical Inc. RARE
  • United Therapeutics Corporation UTHR

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 26, 2026=◇◇◇
2024May 28, 2025=◇◇◇
2023May 30, 2024=◇◇◇
2022May 31, 2023=◇◇◇
2021May 25, 2022=◇◇◇
2020May 26, 2021=◇◇◇
2019May 20, 2020=◇◇◇
2018May 22, 2019=◇◇◇
2017May 23, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Exelixis disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Exelixis 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.
323 figures on this page: 314 cited to the filing that reported them, 9 calculated from figures it prints.
314 cited to the filing
9 calculated from the filing

Documents cited

  1. 0000939767-26-000074
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0000939767-26-000046
    CEO Pay Ratio · Director Compensation · Director Compensation Table · Grants of Plan-Based Awards · and 3 more sections
  3. 0000939767-25-000097
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000939767-25-000061
    Summary Compensation Table
  5. 0000939767-24-000081
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000939767-24-000044
    Summary Compensation Table
  7. 0000939767-23-000069
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000939767-22-000070
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0000939767-21-000057
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000939767-20-000089
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000939767-19-000125
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0000939767-18-000087
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Exelixis executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/EXEL (accessed 2026).
Short form: data: Velarion
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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 Exelixis discloses

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

ACADIA Pharmaceuticals Inc.Alkermes plcAlnylam Pharmaceuticals, Inc.BioMarin Pharmaceutical Inc.Halozyme TherapeuticsIncyte CorporationIonis Pharmaceuticals, Inc.Jazz Pharmaceuticals plcNeurocrine Biosciences, Inc.NovoCure LimitedPTC Therapeutics, Inc.Sarepta Therapeutics, Inc.Ultragenyx Pharmaceutical Inc.United Therapeutics Corporation

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}
}
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