Company: SRPT
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0000950170-25-058003
Chunk: 75

Company: Sarepta Therapeutics, Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 75
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 of Compensation Based on Short-term and Long-term Performance Goals. The Company has sought to establish goals under our annual bonus program that balance achievements that confer value to stockholders over the course of the year (e.g., product revenue goals) with other efforts that are designed to provide the basis for longer term positive return to stockholders (e.g., advancing our pipeline).

Policies that Reflect Best Practices. The Company has established other policies that it believes reflect responsible pay and governance practices such as stock ownership requirements for directors and officers and a clawback policy (see page 57 for details).

Compensation Program Design

While fixed compensation, such as base salary and benefits, is primarily designed to be competitive in the biopharmaceutical marketplace for employees, incentive compensation is designed to be primarily performance-based and to reward strategic and operational achievements, while still aligning with our peers in the industry. Historically, actual incentive compensation for the named executive officers other than the Chief Executive Officer has been a function of the achievement of defined and agreed upon corporate goals and performance against such goals.

The at-risk component of the compensation package for each named executive officer, which includes a target bonus and long-term equity incentives, is typically determined (in whole or in part) on the basis of achievement of pre-established corporate goals. In determining the 2024 equity awards of our named executive officers, the compensation committee took into account (i) the short and long-term value to stockholders being built by the Company, (ii) the competitive annual market compensation that peer group companies pay to each individual executive serving in a similar position, (iii) the achievement of 2023 corporate goals and individual contributions to such goals, (iv) the amount of vested and unvested equity awards held by a named executive officer at the time of grant and (v) market factors that require the Company to remain competitive in its compensation package in order to attract and retain qualified individuals.

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The tables below provide a high-level summary of our 2024 compensation program as well as our compensation policies and practices.

| 2024 NEO Compensation ProgramComponents   |                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 2024 NEO Compensation Highlights                                                                                                                                                                                                                                                                                                  |
| Fixed                                     | Base Salary                                                                                                                                                                                                                                                                                                                                                                                                                                            | Named executive officers received a salary increase in 2024, in part informed by peer group and other market data provided by Aon.                                                                                                                                                                                                |
| Variable/ Performance-Based               | Bonus                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Performance-based cash payment for CEO and other named executive officers