Company: LGNZZ
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0000886163-25-000025
Chunk: 43

Company: LIGAND PHARMACEUTICALS INC
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 43
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 Human Capital Management and Compensation Committee believes that is appropriate based on its review of the foregoing factors, each executive’s total compensation and individual executive officer performance.

#### 2024 Annual Awards
Our Human Capital Management and Compensation Committee’s long-standing practice has been to grant all equity awards on a predetermined schedule. In January 2024, our Human Capital Management and Compensation Committee approved annual long-term incentive awards to our named executive officers as described in the table below.

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| Name              |     | Total Stock Option Target Value (40%) |           |     | Number of Stock Options Granted(1) |         |     | Total RSU  Target Value (27%) |           |     | Number of RSUs Granted(2) |        |     | Total PSU Target Value (33%) |           |     | Number of PSUs Granted 
 (at Target)(2)         |        |
|:------------------|:----|:--------------------------------------|----------:|:----|:-----------------------------------|--------:|:----|:------------------------------|----------:|:----|:--------------------------|-------:|:----|:-----------------------------|----------:|:----|:-----------------------|-------:|
| Todd Davis        |     | $                                     | 3,600,000 |     |                                    | 131,723 |     | $                             | 2,430,000 |     |                           | 32,436 |     | $                            | 2,970,000 |     |                        | 39,644 |
| Tavo Espinoza     |     |                                       |   800,000 |     |                                    |  29,272 |     |                               |   540,000 |     |                           |  7,208 |     |                              |   660,000 |     |                        |  8,810 |
| Andrew Reardon    |     |                                       |   800,000 |     |                                    |  29,272 |     |                               |   540,000 |     |                           |  7,208 |     |                              |   660,000 |     |                        |  8,810 |
| Matthew Korenberg |     |                                       | 1,600,000 |     |                                    |  59,544 |     |                               | 1,080,000 |     |                           | 14,416 |     |                              | 1,320,000 |     |                        | 17,619