Biopharma & Life Sciences
Ultragenyx Pharmaceutical Executive Compensation (FY25)
RARE · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 18, 2026
286 figures on this page: 276 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Emil Kakkis, President and Chief Executive Officer, received $11,405,535 in total compensation for fiscal 2025, and compared with the $13,717,687 reported for fiscal 2024, Kakkis' total was 16.9% lower. The company reported a chief executive pay ratio of 38:1 for fiscal 2025, against median employee compensation of $302,376. The say-on-pay proposal drew 96.5% of votes cast for or against in favor at the meeting held May 14, 2026 for fiscal 2025. The disclosed peer group includes ACADIA Pharmaceuticals Inc., Alkermes plc, Amicus Therapeutics, Apellis Pharmaceuticals, Inc. and Axsome Therapeutics, Inc., among others.
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 — Emil Kakkis: $13,717,687 → $11,405,535 (16.9% lower)
CEO pay ratio: 42:1 → 38:1 (9.5% lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Ultragenyx Pharmaceutical's chief executive and what were they paid?
Emil Kakkis, President and Chief Executive Officer, received $11,405,535 in total compensation for fiscal 2025. Compared with the $13,717,687 reported for fiscal 2024, Kakkis' total was 16.9% lower.
What was Ultragenyx Pharmaceutical's say-on-pay result?
The say-on-pay proposal drew 96.5% of votes cast for or against in favor at the meeting held May 14, 2026 for fiscal 2025.
Which companies are in Ultragenyx Pharmaceutical's peer group?
The disclosed peer group includes ACADIA Pharmaceuticals Inc., Alkermes plc, Amicus Therapeutics, Apellis Pharmaceuticals, Inc. and Axsome Therapeutics, Inc., among others.
What is Ultragenyx Pharmaceutical's chief executive pay ratio?
The company reported a chief executive pay ratio of 38:1 for fiscal 2025, against median employee compensation of $302,376.
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 |
|---|---|---|---|---|---|---|---|---|
Emil Kakkis President and Chief Executive Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Camille Bedrosian Chief Medical Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Emil Kakkis President and Chief Executive Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Erik Horn Chief Financial Officer | ◇ | ◇ | ◇ | ◇ | — | — | — | ◇ |
Karah Parschauer Chief Legal Officer and Secretary | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Emil Kakkis President and Chief Executive Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Erik Horn Chief Financial Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Emil Kakkis President and Chief Executive Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Erik Harris Chief Commercial Officer and Executive Vice President | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Eric Crombez Chief Medical Officer and Executive Vice President | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Howard Horn Chief Financial Officer, Corporate Strategy and Executive Vice President | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Karah Parschauer Chief Legal Officer & Corporate Affairs, Executive Vice President | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
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 |
|---|---|---|---|---|---|---|---|---|
| Emil D. Kakkis | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Emil D. Kakkis | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Emil D. Kakkis | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Eric Crombez | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Eric Crombez | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Eric Crombez | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Erik Harris | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Erik Harris | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Erik Harris | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Howard Horn | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Howard Horn | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Howard Horn | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Karah Parschauer | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Karah Parschauer | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Karah Parschauer | RSU | ◇ | — | — | ◇ | — | — | ◇ |
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 |
|---|---|---|---|---|---|
| Karah Parschauer | PSU | ◇ | ◇ | — | — |
| Option | ◇ | — | ◇ | 3/1/2032 | |
| Option | ◇ | — | ◇ | 3/1/2033 | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 3/1/2034 | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 3/1/2035 | |
| Option | ◇ | — | ◇ | 10/21/2034 | |
| Erik Harris | RSU | ◇ | ◇ | — | — |
| Option | ◇ | — | ◇ | 3/1/2033 | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 3/1/2035 | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 3/1/2032 | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 3/1/2034 | |
| Eric Crombez | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 3/1/2035 | |
| Option | ◇ | — | ◇ | 5/1/2033 | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 3/1/2034 | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 3/1/2033 | |
| Option | ◇ | — | ◇ | 3/1/2032 | |
| PSU | ◇ | ◇ | — | — | |
| Howard Horn | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 10/9/2033 | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 10/21/2034 | |
| Option | ◇ | — | ◇ | 3/1/2035 | |
| Option | ◇ | — | ◇ | 3/1/2034 | |
| PSU | ◇ | ◇ | — | — |
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 |
|---|---|---|---|---|---|---|---|
Daniel G. Welch Board chair | ◇ | ◇ | ◇ | — | — | — | ◇ |
Michael Narachi | ◇ | ◇ | ◇ | — | — | — | ◇ |
Matthew K. Fust | ◇ | ◇ | ◇ | — | — | — | ◇ |
Shehnaaz Suliman | ◇ | ◇ | ◇ | — | — | — | ◇ |
Deborah Dunsire | ◇ | ◇ | ◇ | — | — | — | ◇ |
Amrit Ray | ◇ | ◇ | ◇ | — | — | — | ◇ |
Corsee D. Sanders and Emil D. Kakkis 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 chair premium | ◇ |
| Audit committee chair | ◇ |
| Compensation committee chair | ◇ |
| Nominating and governance chair | ◇ |
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
- Amicus Therapeutics FOLD
- Apellis Pharmaceuticals, Inc. APLS
- Axsome Therapeutics, Inc. AXSM
- Blueprint Medicines Corporation BPMC
- BridgeBio Pharma, Inc. BBIO
- Corcept Therapeutics Inc. CORT
- Denali Therapeutics Inc. DNLI
- Exelixis Inc. EXEL
- Halozyme Therapeutics HALO
- Insmed Incorporated INSM
- Intra-Cellular Therapies Inc. ITCI
- Ionis Pharmaceuticals, Inc. IONS
- Jazz Pharmaceuticals plc JAZZ
- Neurocrine Biosciences, Inc. NBIX
- PTC Therapeutics, Inc. PTCT
- Sarepta Therapeutics, Inc. SRPT
- Vericel Corporation VCEL
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 14, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 15, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | June 18, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | June 7, 2023 | = | ◇ | ◇ | ◇ |
| 2020 | June 24, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | June 26, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | June 11, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | June 19, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | June 22, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | June 9, 2016 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Ultragenyx Pharmaceutical disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Ultragenyx Pharmaceutical 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 — $1,500Written 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 — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable 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 IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
286 figures on this page: 276 cited to the filing that reported them, 10 calculated from figures it prints.
276 cited to the filing
10 calculated from the filing
Documents cited
- 0001193125-26-228639Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001308179-26-000174CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards · Outstanding Equity Awards at December 31, 2025 · and 1 more section
- 0000950170-25-074529Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001308179-25-000296Summary Compensation Table
- 0000950170-24-076222Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001308179-24-000609Summary Compensation Table
- 0000950170-23-027644Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001308179-23-000757Summary Compensation Table
- 0000950170-21-000388Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001564590-20-031076Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001564590-19-022660Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001564590-18-015905Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001564590-17-012902Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-16-622434Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Ultragenyx Pharmaceutical executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/RARE (accessed 2026).
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Biopharma & Life Sciences rankings
Peers Ultragenyx Pharmaceutical discloses
The companies named in RARE's own disclosed peer group.
ACADIA Pharmaceuticals Inc.Alkermes plcAmicus TherapeuticsApellis Pharmaceuticals, Inc.BridgeBio Pharma, Inc.Denali Therapeutics Inc.Exelixis Inc.Halozyme TherapeuticsInsmed IncorporatedIonis Pharmaceuticals, Inc.Jazz Pharmaceuticals plcNeurocrine Biosciences, Inc.PTC Therapeutics, Inc.Sarepta Therapeutics, Inc.Vericel Corporation
Terms on this page
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}
}