Ocugen Executive Compensation (FY25)

Name: Ocugen (OCGN) executive compensation
Creator: Velarion
License: https://intel.velarion.ai/terms

OCGN · Executive and director compensation, fiscal 2022 to 2025

Chief executive, fiscal 2025

◇

Shankar Musunuri

Median of the other named officers

$1,192,089

5 officers, excluding the chief executive

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 11, 2026

10 filings cited on this page

Method: intel.velarion.ai/methodology

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216 figures on this page: 208 cited to the filing that reported them, 8 calculated from figures it prints. See the citations

Frequently asked questions

Answers drawn from the data on this page.

Who is Ocugen's chief executive and what were they paid?

Shankar Musunuri, Chief Executive Officer, Chairman and Co-Founder, received $4,841,822 in total compensation for fiscal 2025. Musunuri's total was 149.4% higher than the $1,941,539 reported for fiscal 2024.

What was Ocugen's say-on-pay result?

Shareholders supported the say-on-pay proposal with 79.0% of votes cast for or against in favor at the meeting held June 11, 2026 for fiscal 2025.

What is Ocugen's chief executive pay ratio?

The company reported a chief executive pay ratio of 2:1 for fiscal 2025.

Executive compensation

Every element reported for each named executive officer, by fiscal year.

Fiscal 2022

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Shankar Musunuri Chief Executive Officer	◇	◇	◇	◇	—	—	◇	◇
Jessica Crespo Former Chief Accounting Officer and principal accounting officer	◇	◇	◇	◇	—	—	◇	◇

Fiscal 2023

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Shankar Musunuri Chief Executive Officer	◇	◇	◇	◇	—	—	◇	◇
Arun Upadhyay Chief Scientific Officer	◇	◇	◇	◇	—	—	◇	◇
Quan Vu Former Chief Financial Officer and Chief Business Officer Departed during or after this year	◇	◇	◇	◇	—	—	◇	◇
Jessica Crespo Former Chief Accounting Officer and principal accounting officer Departed during or after this year	◇	—	—	◇	—	—	◇	◇
Michael LSSBB Corporate Controller, Interim Chief Accounting Officer Served on an interim basis	—	—	—	—	—	—	◇	◇
Michael Breininger Corporate Controller, Interim Chief Accounting Officer Served on an interim basis	—	—	—	—	—	—	◇	◇

Fiscal 2024

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Shankar Musunuri Chief Executive Officer, Chairman and Co-Founder	◇	◇	◇	◇	—	—	◇	◇
Huma Qamar Chief Medical Officer	◇	◇	◇	◇	—	—	—	◇
Huma CMI Chief Medical Officer	◇	◇	◇	◇	—	—	—	◇
Arun Upadhyay Chief Scientific Officer	◇	◇	◇	◇	—	—	◇	◇

Fiscal 2025

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Shankar Musunuri Chief Executive Officer, Chairman and Co-Founder	◇	◇	◇	◇	—	—	◇	◇
Huma CMI Chief Medical Officer	◇	◇	◇	◇	—	—	◇	◇
Huma Qamar Chief Medical Officer	◇	◇	◇	◇	—	—	◇	◇
Arun Upadhyay Chief Scientific Officer	◇	◇	◇	◇	—	—	◇	— not reconciled
Ramesh CMA Chief Accounting Officer	◇	◇	◇	◇	—	—	◇	◇
Ramesh Ramachandran Chief Accounting 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

Officer	Award	Grant date	Threshold units	Target units	Units granted	Maximum units	Exercise price	Grant date fair value
Arun Upadhyay	OPTION	◇	—	—	◇	—	◇	◇
Huma Qamar MPH CMI	OPTION	◇	—	—	◇	—	◇	◇
Ramesh Ramachandran CMA	OPTION	◇	—	—	◇	—	◇	◇
Shankar Musunuri	OPTION	◇	—	—	◇	—	◇	◇

Fiscal 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

Officer	Award	Unvested units	Market value of unvested units	Exercise price	Expires
Huma CMI	Option	◇	—	◇	April 16, 2034
	Option	◇	—	◇	January 2, 2035
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	Option	◇	—	◇	January 2, 2035
Shankar Musunuri	Option	◇	—	◇	January 2, 2035
	RSU	◇	◇	—	—
	Option	◇	—	◇	January 3, 2033
	RSU	◇	◇	—	—
	Option	◇	—	◇	January 2, 2034
	Option	◇	—	◇	January 2, 2035
	RSU	◇	=	—	—
Arun Upadhyay	RSU	◇	◇	—	—
	Option	◇	—	◇	January 2, 2035
	Option	◇	—	◇	January 2, 2035
	Option	◇	—	◇	January 3, 2033
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	Option	◇	—	◇	January 2, 2034
Ramesh Ramachandran	RSU	◇	◇	—	—
	Option	◇	—	◇	January 2, 2035
	Option	◇	—	◇	January 2, 2035
	Option	◇	—	◇	September 16, 2034

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

Director	Fees earned in cash	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Uday B. Kompella, Ph.D	◇	—	◇	—	—	—	◇
Satish Chandran, Ph.D	◇	—	◇	—	—	◇	◇
Kirsten Castillo, MBA	◇	—	◇	—	—	—	◇
Junge Zhang, Ph.D	◇	—	◇	—	—	—	◇
Blaise Coleman, MBA	◇	—	◇	—	—	—	◇
Prabhavathi Fernandes, Ph.D., FIDSA	◇	—	—	—	—	—	◇
Marna C. Whittington, Ph.D	◇	—	—	—	—	—	◇

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	◇
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.

Year	Meeting	Support	Votes for	Votes against	Abstentions
2025	June 11, 2026	=	◇	◇	◇
2024	June 5, 2025	=	◇	◇	◇
2023	June 28, 2024	=	◇	◇	◇
2022	June 23, 2023	=	◇	◇	◇
2021	June 7, 2022	=	◇	◇	◇
2020	July 2, 2021	=	◇	◇	◇
2019	December 23, 2020	=	◇	◇	◇

Chief executive pay ratio

As calculated and reported by the company.

Ratio

◇

Chief executive total compensation

◇

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

Sample answer — “What is the CEO’s total compensation?”

- Shankar Musunuri (Chief Executive Officer, Chairman and Co-Founder), FY2025 total compensation $4,841,822 (base salary $757,900) [exec_comp, SEC accession 0001140361-26-017260, filed 2026-04-28]

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What this page does not include

Everything above is a fact Ocugen 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.

216 figures on this page: 208 cited to the filing that reported them, 8 calculated from figures it prints.

208 cited to the filing

8 calculated from the filing

Documents cited

8-K, filed June 11, 2026
0001104659-26-073015
Item 5.07 Submission of Matters to a Vote of Security Holders
DEF 14A, filed April 28, 2026
0001140361-26-017260
2025 EXECUTIVE COMPENSATION TABLES · DIRECTOR COMPENSATION PROGRAM
8-K, filed June 5, 2025
0001104659-25-056875
Item 5.07 Submission of Matters to a Vote of Security Holders
DEF 14A, filed April 25, 2025
0001140361-25-015803
2024 EXECUTIVE COMPENSATION TABLES
8-K, filed June 28, 2024
0001104659-24-076278
Item 5.07 Submission of Matters to a Vote of Security Holders
DEF 14A, filed May 28, 2024
0001104659-24-065576
2023 EXECUTIVE COMPENSATION TABLES
8-K, filed June 27, 2023
0001104659-23-074970
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed June 7, 2022
0001104659-22-068955
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed July 2, 2021
0001104659-21-088830
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed December 28, 2020
0001104659-20-139852
Item 5.07 Submission of Matters to a Vote of Security Holders

Cite this data

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Velarion, “Ocugen executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/OCGN (accessed 2026).

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The paid brief for Ocugen

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.

$500 for the Executive Compensation Report. Both reports for $900.

Get the executive brief Get the board briefNo account needed.

10 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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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}
}

More on Ocugen

Frequently asked questions

Executive compensation

Equity awards granted

Outstanding awards

Director compensation

Director fee schedule

Disclosed peer group

Say-on-pay history

Chief executive pay ratio

What this page does not include

Citations

Documents cited

The paid brief for Ocugen