Company: CRNX
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0000950170-25-057452
Chunk: 48

Company: Crinetics Pharmaceuticals, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 48
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 of our executive compensation program. The compensation committee also regularly assesses the effectiveness and competitiveness of our compensation programs. In the first quarter of each year, the compensation committee reviews the performance of each of our named executive officers during the previous year. At this time the compensation committee also reviews our performance relative to the corporate performance goals set by the board of directors for the year under review and makes the final annual incentive award determinations based on our overall corporate performance and, with respect to the named executive officers other than our Chief Executive Officer, the compensation committee’s evaluation of each named executive officer’s performance for the year under review. In connection with this review, the compensation committee also reviews and adjusts, as appropriate, annual base salaries for our named executive officers and grants, as appropriate, additional equity awards to our named executive officers and certain other eligible employees. During the fourth quarter of each year our compensation committee reviews the corporate performance goals for purposes of annual incentive awards for the following year, and such goals historically have been recommended to the full board of directors for approval. Role of our Executive Officers Our Chief Executive Officer, with the assistance and support of our Chief Human Resources Officer, aids the compensation committee by providing annual recommendations regarding the compensation of all of our named executive officers, other than himself. The compensation committee also, on occasion, meets with our Chief Executive Officer to obtain recommendations with respect to our compensation programs and practices generally. The compensation committee considers, but is not bound to accept, the Chief Executive Officer’s recommendations with respect to named executive officer compensation. Our Chief Executive Officer generally attends the compensation committee meetings, but the compensation committee routinely also holds executive sessions that are not attended by any members of management or non-independent directors. Any deliberations or decisions regarding our Chief Executive Officer’s compensation are made without him present. Role of the Independent Compensation Consultants Our compensation committee has the sole authority to engage and retain an independent compensation consultant to provide independent counsel and advice. On a periodic basis, the compensation committee formally conducts an evaluation as to the effectiveness of the independent compensation consultant and periodically runs a request for proposal process to ensure the independent compensation consultant is meeting its needs. For 2024, our compensation committee retained Aon through July and then engaged Pearl Meyer through the remainder of the year. The following services were provided by the independent compensation consultants in 2024:

| Aon         | •Conducts market research and analysis of current practices of comparable public companies to assist the compensation committee in developing director and executive compensation levels for 2024;       
 •Reviews our peer