Biopharma & Life Sciences
Terns Pharmaceuticals Executive Compensation (FY24)
TERN · Executive and director compensation, fiscal 2023 to 2024
Data as of September 7, 2026Latest filing (DEF 14A): April 29, 2025
104 figures on this page, cited to the filing that reported them. See the citations
Amy Burroughs was paid $8,240,502 in total compensation as Chief Executive Officer and Director for fiscal 2024, and the company reported 4 named executive officers for fiscal 2024. Separately, figures cover fiscal 2023 through fiscal 2024. As an emerging growth company, the company is exempt from the advisory say-on-pay vote.
Frequently asked questions
Answers drawn from the data on this page.
Who is Terns Pharmaceuticals' chief executive and what were they paid?
Amy Burroughs was paid $8,240,502 in total compensation as Chief Executive Officer and Director for fiscal 2024.
What was Terns Pharmaceuticals' say-on-pay result?
As an emerging growth company, the company is exempt from the advisory say-on-pay vote.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Erin Quirk Former President, Head of Research & Development | ◇ | ◇ | — | ◇ | ◇ | — | ◇ | ◇ |
Mark Vignola Former Chief Financial Officer and Treasurer | ◇ | ◇ | — | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Amy Burroughs Chief Executive Officer and Director | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Mark Vignola Former Chief Financial Officer and Treasurer Departed during or after this year | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Melita Sun Jung Chief Business Officer | ◇ | ◇ | — | ◇ | ◇ | — | ◇ | ◇ |
Erin Quirk Former President, Head of Research & Development 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 2024
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Amy Burroughs | OTHER | — | — | — | — | — | — | ◇ |
| Erin Quirk | OTHER | — | — | — | — | — | — | ◇ |
| Mark Vignola | OTHER | — | — | — | — | — | — | ◇ |
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 2024 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Mark Vignola | PSU | ◇ | ◇ | — | — |
| Option | ◇ | — | ◇ | 9/9/2030 | |
| Option | ◇ | — | ◇ | 1/25/2032 | |
| Option | ◇ | — | ◇ | 9/27/2031 | |
| Option | ◇ | — | ◇ | 1/22/2034 | |
| Option | ◇ | — | ◇ | 1/31/2033 | |
| Option | ◇ | — | ◇ | 12/29/2030 | |
| Melita Jung | Option | ◇ | — | ◇ | — |
| Option | ◇ | — | ◇ | 4/30/2034 | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| Amy Burroughs | Option | ◇ | — | ◇ | 2/28/2034 |
| 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 2024
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Jill Quigley | ◇ | — | ◇ | — | — | ◇ | ◇ |
Heather Turner | ◇ | — | ◇ | — | — | — | ◇ |
David Fellows Board chair | ◇ | — | ◇ | — | — | — | ◇ |
Radhika Tripuraneni | ◇ | — | ◇ | — | — | — | ◇ |
Ann Taylor | ◇ | — | ◇ | — | — | — | ◇ |
Jeffrey Kindler | ◇ | — | ◇ | — | — | — | ◇ |
Hongbo Lu | ◇ | — | ◇ | — | — | — | ◇ |
Carl Gordon | ◇ | — | ◇ | — | — | — | ◇ |
Amy Burroughs and Robert Azelby served on the board in fiscal 2024 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 | ◇ |
| 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.
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.
This company is an emerging growth company and is exempt from the advisory vote on executive compensation. There is no vote to report.
Chief executive pay ratio
As calculated and reported by the company.
What this page does not include
Everything above is a fact Terns Pharmaceuticals 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.
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.
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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.
104 figures on this page, cited to the filing that reported them.
104 cited to the filing
Documents cited
- 0000950170-25-0601382024 Director Compensation Table · 2024 Summary Compensation Table · DIRECTOR COMPENSATION · EXECUTIVE COMPENSATION & · and 1 more section
- 0000950170-24-0482892023 Summary Compensation Table
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Velarion, “Terns Pharmaceuticals executive compensation, FY2023–FY2024.” https://intel.velarion.ai/comp/TERN (accessed 2026).
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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}
}