Company: LGNZZ
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0000886163-25-000025
Chunk: 18

Company: LIGAND PHARMACEUTICALS INC
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 18
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 BOARD OF DIRECTORS
Stockholders may communicate with the Board or individual directors by mail, in care of the Secretary, at our principal executive offices. Letters are distributed to the Board, or to any individual director or directors as appropriate, depending on the content of the letter. However, items that are unrelated to the duties and responsibilities of the Board will be excluded. In addition, material that is illegal, inappropriate or similarly unsuitable will be excluded. Any letter that is filtered out under these standards, however, will be made available to any director upon request.

### COMPENSATION OF DIRECTORS

#### Cash Compensation
We pay our non-employee directors an annual cash retainer that is paid in advance on an annual basis. Under our non-employee director compensation policy, each director is eligible to receive an annual retainer of $42,000. No meeting fees are paid. In addition, the Chairperson of the Board receives an additional annual retainer of $35,000. Non-employee directors also receive additional annual retainers for service on committees of the Board, as provided in the table below. Directors may elect to receive their retainers in cash or vested shares of our common stock, which shares are issued under our 2002 Stock Incentive Plan (the “2002 Plan”), although none of our directors elected to do so during 2024. In April 2025, the Human Capital Management and Compensation Committee reviewed competitive cash compensation data provided by Aon plc (“Aon”) by pay element and in total for the companies comprising the peer group and determined that the cash compensation structure was market competitive and reasonable, despite an above-average Director workload relative to the peers. As such, no changes were made to 2025 cash compensation.

Non-employee members of the Board are also reimbursed for expenses incurred in connection with such service.

16

| Service                                             |     | Annual Retainer 
 (Chair)         |        |         |     | Annual Retainer 
 (Member)        |       |         |
| Audit Committee                                     |     |                 |        | $20,000 |     |                 |       | $10,000 |
| Human Capital Management and Compensation Committee |     |                 |        |  15,000 |     |                 |       |   7,500 |
| Nominating and Corporate Governance Committee       |     |                 | 10,000 |         |     |                 | 5,000 |         |
| Strategic Transaction Committee                     |     |                 |