Company: XOMAP
Filing Date: 2025-04-04
Form Type: PRE 14A
Source: 0001193125-25-073470
Chunk: 77

Company: XOMA Royalty Corp
Filing Date: 2025-04-04
Form: PRE 14A
Chunk 77
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 the 2024 fiscal year and approved target bonus opportunities for each NEO under the 2024 Cash Bonus Plan as follows:

| Name and Principal Position |     | 2024 Target Bonus  
 (% of Base Salary) |    |   |
| Owen Hughes                 |     |                    | 60 | % |
| Thomas M. Burns             |     |                    | 40 | % |
| Bradley Sitko               |     |                    | 50 | % |

Bonuses under the 2024 Cash Bonus Plan were based 100% upon the Company’s achievement of the following corporate objectives: (a) total stockholder return, (b) execution of a transformation deal and (c) capital deployment, each established by the Board in February 2024. The bonuses earned by each NEO under the 2024 Cash Bonus Plan set forth in the “Non-EquityIncentive Plan Compensation” column of the Summary Compensation Table above were approved by our Compensation Committee based on achievement of the 2024 corporate objectives at 99% of target. Equity Compensation We believe that our ability to grant equity-based awards is a valuable and necessary compensation tool that aligns the long-term financial interests of our executive officers with the financial interests of our stockholders. In addition, we believe that our ability to grant equity-based awards helps us to attract, retain and motivate executive officers, and encourages them to devote their best efforts to our business and financial success. 2024 PSUs In January 2024, in connection with his appointment as permanent Chief Executive Officer, Mr. Hughes was granted 275,000 PSUs under the 2010 Plan. Vesting of the PSUs requires satisfaction of both a performance requirement and a service-based requirement. The performance requirement is achieved with respect to the number of PSUs set forth in the table below when the volume-weighted average price of our common stock equals or exceeds the prices set forth below for any 30 consecutive calendar-dayperiod (the “30-DayVWAP”) prior to the earlier of May 18, 2026 or the Company’s 2026 annual meeting of stockholders:

| $30.00 Target |     | $35.00 Target |     | $40.00 Target |     | $45.00 Target |
| 160,078       |     |        53,350 |     |        32,835 |     |        28,737 |

55

The service-based requirement vests as to one-thirdon the date the performance requirement is achieved