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Natera Executive Compensation (FY25)

NTRA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Steven Chapman
Latest say-on-pay support
=
June 11, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 5, 2026Latest filing (8-K): June 16, 2026
8 filings cited on this page
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268 figures on this page: 263 cited to the filing that reported them, 5 calculated from figures it prints. See the citations

More on Natera

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 — Steven Chapman: $13,032,674 → $14,957,319 (14.8% higher)
Say-on-pay support: 95.9% → 98.0% (2.1 points higher)
CEO pay ratio: 95:1 → 101:1 (6.3% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Natera's chief executive and what were they paid?
Steven Chapman, Chief Executive Officer, President and Director, received $14,957,319 in total compensation for fiscal 2025. Compared with the $13,032,674 reported for fiscal 2024, Chapman's total was 14.8% higher.
What was Natera's say-on-pay result?
Shareholders supported the say-on-pay proposal with 98.0% of votes cast for or against in favor at the meeting held June 11, 2026 for fiscal 2025.
Which companies are in Natera's peer group?
Companies named in the disclosed peer group include Alnylam Pharmaceuticals, Inc., BeiGene, Bio-Techne Corporation, BioMarin Pharmaceutical Inc. and Exact Sciences Corporation, among others.
What is Natera's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 101:1, against median employee compensation of $148,726.

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
Steven Chapman
Chief Executive Officer and President
◇—◇—◇—◇◇
Matthew Rabinowitz
Executive Chairman
◇——◇◇——◇
Robert Schueren
Chief Operating Officer
◇—◇—◇—◇◇
Michael Brophy
Chief Financial Officer
◇—◇—◇—◇◇
Daniel Rabinowitz
Chief Legal Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Steven Chapman
Chief Executive Officer and President
◇—◇—◇—◇◇
Matthew Rabinowitz
Executive Chairman
◇——◇◇——◇
Michael Brophy
Chief Financial Officer
◇—◇—◇—◇◇
Daniel Rabinowitz
Chief Legal Officer
◇—◇—◇—◇◇
Robert Schueren
Chief Operating Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Steven Chapman
Chief Executive Officer, President and Director
◇—◇—◇—◇◇
Matthew Rabinowitz
Executive Chairman
◇—◇—◇——◇
John Fesko
President, Chief Business Officer
◇—◇—◇—◇◇
Solomon Moshkevich
President, Clinical Diagnostics
◇—◇—◇—◇◇
Michael Brophy
Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Steven Chapman
Chief Executive Officer, President and Director
◇—◇—◇—◇◇
Matthew Rabinowitz
Executive Chairman
◇—◇—◇——◇
Michael Brophy
Chief Financial Officer
◇—◇—◇—◇◇
Solomon Moshkevich
President, Clinical Diagnostics
◇—◇—◇—◇◇
John Fesko
President, Chief Business 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 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
John FeskoPSU◇◇◇—◇—◇
John FeskoRSU◇——◇——◇
Matthew RabinowitzPSU◇◇◇—◇—◇
Matthew RabinowitzRSU◇——◇——◇
Michael BrophyPSU◇◇◇—◇—◇
Michael BrophyRSU◇——◇——◇
Solomon MoshkevichRSU◇——◇——◇
Solomon MoshkevichPSU◇◇◇—◇—◇
Steven ChapmanRSU◇——◇——◇
Steven ChapmanPSU◇◇◇—◇—◇
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
Steven ChapmanRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Matthew RabinowitzPSU◇◇——
Option◇—◇01/26/2033
RSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇01/27/2032
Michael BrophyRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Solomon MoshkevichRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
John FeskoRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
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
Roelof Botha
Lead independent director
◇◇————◇
Herm Rosenman
◇◇————◇
Rowan Chapman
◇◇————◇
Gail Marcus
◇◇————◇
Monica Bertagnolli
◇◇————◇
Ruth Williams-Brinkley
◇◇————◇
Roy Baynes
◇◇————◇
James Healy
◇—————◇
Jonathan Sheena, Matthew Rabinowitz and Steven Chapman 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◇
Board equity retainer◇
Total board retainer◇
Lead independent director 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 2025
  • Alnylam Pharmaceuticals, Inc. ALNY
  • BeiGene symbol not shown
  • Bio-Techne Corporation TECH
  • BioMarin Pharmaceutical Inc. BMRN
  • Exact Sciences Corporation EXAS
  • Exelixis, Inc. EXEL
  • Guardant Health, Inc. GH
  • Illumina, Inc. ILMN
  • Incyte Corp. INCY
  • Insulet Corp. PODD
  • Ionis Pharmaceuticals, Inc. IONS
  • Masimo Corporation MASI
  • Neurocrine Biosciences, Inc. NBIX
  • Qualys, Inc. QLYS
  • Repligen Corporation RGEN
  • Revvity, Inc. RVTY
  • Sarepta Therapeutics, Inc. SRPT
  • United Therapeutics Corporation UTHR

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 11, 2026=◇◇◇
2024June 12, 2025=◇◇◇
2023June 12, 2024=◇◇◇
2022June 9, 2023=◇◇◇
2021May 25, 2022=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Steven Chapman (Chief Executive Officer, President and Director), FY2025 total compensation $14,957,319 (base salary $853,710) [exec_comp, SEC accession 0001104659-26-047770, filed 2026-04-23]

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What this page does not include

Everything above is a fact Natera disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Natera 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.
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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.
Board Governance Report — $500
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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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
268 figures on this page: 263 cited to the filing that reported them, 5 calculated from figures it prints.
263 cited to the filing
5 calculated from the filing

Documents cited

  1. 0001604821-26-000003
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001104659-26-047770
    2025 Grants of Plan-Based Awards · CEO Pay Ratio · Director Compensation · Outstanding Equity Awards at 2025 Fiscal Year-End · and 1 more section
  3. 0001104659-25-060626
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001558370-25-005445
    Summary Compensation Table
  5. 0001104659-24-072800
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001558370-24-005619
    Summary Compensation Table
  7. 0001104659-23-071619
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001104659-22-067171
    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, “Natera executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/NTRA (accessed 2026).
Short form: data: Velarion

The paid brief for Natera

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 $500 for the board report; $900 for both.
Get the executive briefGet the board briefNo account needed.
8 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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Peers Natera discloses

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

Alnylam Pharmaceuticals, Inc.Bio-Techne CorporationBioMarin Pharmaceutical Inc.Exact Sciences CorporationExelixis, Inc.Guardant Health, Inc.Illumina, Inc.Incyte Corp.Insulet Corp.Ionis Pharmaceuticals, Inc.Masimo CorporationNeurocrine Biosciences, Inc.Qualys, Inc.Repligen CorporationRevvity, Inc.Sarepta Therapeutics, Inc.United Therapeutics Corporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

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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