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Novavax Executive Compensation (FY25)

NVAX · Executive and director compensation, fiscal 2023 to 2025

The paid brief on Novavax

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Data as of September 21, 2026Latest filing (8-K): June 23, 2026
13 filings cited on this page
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Published by Velarion Company Intelligence
Novavax brief$1,500Get the executive brief
270 figures on this page: 260 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
John Jacobs
Median of the other named officers
$2,810,453
5 officers, excluding the chief executive
Latest say-on-pay support
=
June 18, 2026
Chief executive pay ratio
◇
To the median employee

More on Novavax

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 — John Jacobs: $5,087,461 → $8,856,015 (74.1% higher)
CEO pay ratio: 32:1 → 52:1 (62.5% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Novavax's chief executive and what were they paid?
John Jacobs, President and CEO, received $8,856,015 in total compensation for fiscal 2025. Jacobs' total moved 74.1% higher from the $5,087,461 reported for fiscal 2024.
What was Novavax's say-on-pay result?
The say-on-pay proposal drew 50.6% support at the meeting held June 18, 2026 for fiscal 2025.
Which companies are in Novavax's peer group?
The disclosed peer group includes ACADIA Pharmaceuticals Inc., Alkermes plc, Amneal Pharmaceuticals Inc., Amphastar Pharmaceuticals, Inc. and ANI Pharmaceuticals, Inc., among others.
What is Novavax's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 52:1, against median employee compensation of $169,449.

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
John Jacobs
President and Chief Executive Officer
◇◇◇◇◇—◇◇
John Trizzino
Former President and Chief Operating Officer
◇—◇◇◇—◇◇
Mark Casey
Executive Vice President, Chief Legal Officer and Corporate Secretary
◇◇◇◇——◇◇
James Kelly
Executive Vice President, Chief Financial Officer and Treasurer
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John Jacobs
President and Chief Executive Officer
◇—◇◇◇—◇◇
James Kelly
Executive Vice President, Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
Elaine O'Hara
Executive Vice President, Chief Strategy Officer
◇—◇—◇—◇◇
John Trizzino
Former President and Chief Operating Officer
◇—◇—◇—◇◇
Mark Casey
Executive Vice President, Chief Legal Officer and Corporate Secretary
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John Jacobs
President and CEO
◇—◇◇◇—◇◇
Elaine O'Hara
EVP, Chief Strategy Officer
◇—◇◇◇—◇◇
James Kelly
EVP, Chief Financial Officer and Treasurer
◇—◇◇◇—◇◇
Mark Casey
EVP, Chief Legal Officer and Corporate Secretary
◇—◇◇◇—◇◇
Ruxandra Draghia-Akli
Former EVP, Head of Research & Development
Departed during or after this year
◇—◇◇◇—◇◇
John Trizzino
Former President and Chief Operating Officer
Departed during or after this year
◇—◇◇——◇◇
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
Elaine O HaraRSU◇——◇——◇
Elaine O HaraOPTION◇——◇—◇◇
James P. KellyOPTION◇——◇—◇◇
James P. KellyRSU◇——◇——◇
John C. JacobsRSU◇——◇——◇
John C. JacobsOPTION◇——◇—◇◇
Mark J. CaseyOPTION◇——◇—◇◇
Mark J. CaseyRSU◇——◇——◇
Ruxandra Draghia-AkliOPTION◇——◇—◇◇
Ruxandra Draghia-AkliRSU◇——◇——◇
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
Ruxandra Draghia-AkliOption◇—◇3/3/2025
RSU◇◇——
RSU◇◇——
John TrizzinoOption◇—◇11/11/2034
Option◇—◇3/10/2032
RSU◇◇——
RSU◇◇——
Mark CaseyOption◇—◇3/3/2035
RSU◇◇——
RSU◇◇——
RSU◇◇——
Elaine O'HaraOption◇—◇12/11/2033
Option◇—◇3/3/2035
RSU◇◇——
RSU◇◇——
RSU◇◇——
James KellyOption◇—◇3/1/2033
Option◇—◇3/3/2035
Option◇—◇3/7/2033
Option◇—◇3/10/2032
RSU◇◇——
RSU◇◇——
RSU◇◇——
John JacobsOption◇—◇3/3/2035
Option◇—◇3/1/2034
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
John W. Shiver
◇◇◇———◇
John W. Shiver, Ph.D
◇◇◇———◇
Charles W. Newton
◇◇◇———◇
Margaret G. McGlynn, R. Ph
◇◇◇———◇
Richard J. Rodgers
◇◇◇———◇
David Mott
Board chair
◇◇◇———◇
Richard H. Douglas
◇◇◇———◇
Richard H. Douglas, Ph.D
◇◇◇———◇
Gregg H. Alton, J.D
◇◇◇———◇
Rachel K. King
◇◇◇———◇
John C. Jacobs and James F. Young, 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◇
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 and RSUs.

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
  • Amneal Pharmaceuticals Inc. AMRX
  • Amphastar Pharmaceuticals, Inc. AMPH
  • ANI Pharmaceuticals, Inc. ANIP
  • Arvinas, Inc ARVN
  • Beam Therapeutics Inc. BEAM
  • Bicycle BCYC
  • BioCryst Pharmaceuticals, Inc. BCRX
  • Corcept Therapeutics Incorporated CORT
  • Crinetics Pharmaceuticals, Inc. CRNX
  • Denali Therapeutics Inc. DNLI
  • Dynavax Technologies Corporation DVAX
  • Emergent BioSolutions Inc. EBS
  • Halozyme Therapeutics, Inc. HALO
  • Insmed Incorporated INSM
  • Intellia Therapeutics, Inc. NTLA
  • Organogenesis Holdings, Inc. ORGO
  • Pacira BioSciences, Inc. PCRX
  • PTC Therapeutics, Inc. symbol not shown
  • Sana Biotechnology, Inc. SANA
  • Supernus Pharmaceuticals, Inc. SUPN
  • Ultragenyx Pharmaceutical Inc. RARE
  • Vir Biotechnology, Inc. VIR

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 18, 2026=◇◇◇
2024June 20, 2025=◇◇◇
2023June 13, 2024=◇◇◇
2022July 11, 2023=◇◇◇
2021June 16, 2022=◇◇◇
2020June 17, 2021=◇◇◇
2019June 25, 2020=◇◇◇
2018June 28, 2019=◇◇◇
2017June 14, 2018=◇◇◇
2016June 15, 2017=◇◇◇

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 Novavax disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Novavax 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
Say-on-pay responsiveness
Novavax recorded a low support level. The responsiveness analysis covers what the company said it would do, what it did, and how that compares with the companies that recovered their vote.
Responsiveness analysis
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.
270 figures on this page: 260 cited to the filing that reported them, 10 calculated from figures it prints.
260 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001104659-26-076648
  2. 0001628280-26-027328
    Compensation of Directors · DIRECTOR COMPENSATION TABLE · Grants of Plan-Based Awards Table · Outstanding Equity Awards at 202 · and 2 more sections
  3. 0001104659-25-061874
  4. 0001000694-25-000013
    SUMMARY COMPENSATION TABLE
  5. 0001104659-24-071735
  6. 0001000694-24-000020
    Summary Compensation Table
  7. 0001104659-23-080024
  8. 0001104659-22-072966
  9. 0001104659-21-085176
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001104659-20-077556
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001144204-19-033618
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001144204-18-034442
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001144204-17-032891
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Novavax executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/NVAX (accessed 2026).
Short form: data: Velarion

The paid brief for Novavax

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
13 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 Novavax discloses

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

ACADIA Pharmaceuticals Inc.Alkermes plcAmneal Pharmaceuticals Inc.Amphastar Pharmaceuticals, Inc.ANI Pharmaceuticals, Inc.Arvinas, IncBeam Therapeutics Inc.BicycleBioCryst Pharmaceuticals, Inc.Corcept Therapeutics IncorporatedCrinetics Pharmaceuticals, Inc.Denali Therapeutics Inc.Dynavax Technologies CorporationEmergent BioSolutions Inc.Halozyme Therapeutics, Inc.Insmed IncorporatedIntellia Therapeutics, Inc.Organogenesis Holdings, Inc.Pacira BioSciences, Inc.Sana Biotechnology, Inc.Supernus Pharmaceuticals, Inc.Ultragenyx Pharmaceutical Inc.Vir Biotechnology, Inc.

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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