Company: MLTX
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0001140361-25-014923
Chunk: 31

Company: MoonLake Immunotherapeutics
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 31
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 Philosophy and Objectives Our executive officer compensation program focuses on attracting, retaining and reward executive officers in order to promote our long-term success. In setting compensation levels and designing the elements of our program, we seek to establish overall compensation levels that are internally equitable and competitive with the talent market. We regularly review our executive officer compensation program with the goal of motivating our executive team to achieve our strategic goals and aligning them with the interests of our shareholders. The Compensation Committee has historically compensated executive officers with three primary compensation components: a base salary, an annual bonus opportunity, and, at times, equity-based compensation. The Compensation Committee believes that cash compensation in the form of base salary and an annual bonus opportunity provides our executive officers with short-term rewards for success in achieving annual goals and objectives, and that long-term compensation through the grant of equity awards aligns the objectives of management with those of our shareholders with respect to long-term performance and success of the Company. In setting compensation levels for our executive officers, the Compensation Committee considers a variety of factors, including peer group survey data, tenure, role, responsibilities, performance, and competitive market practices. Compensation paid to our named executive officers is delivered primarily through at-risk pay, based on both short-term and long-term incentives. In addition to our compensation elements, the following compensation program features are designed to align our executive team’s interests with shareholder interests and market best practices. Best Practice Highlights

| Use of Independent Compensation Consultant.The Compensation Committee receives objective advice from its independent compensation consultant.                                                                                                                                                                                                             |
| Modest Perquisites.NEOs receive only modest perquisites.                                                                                                                                                                                                                                                                                                  |
| Clawback Policy.The Board has adopted a clawback policy applicable to all incentive payments and performance-based equity awards granted to executive officers.                                                                                                                                                                                           |
| Peer Group Analysis.The Company reviews total direct compensation (base salary, annual cash incentive and long-term incentive payments) and the mix of the compensation components for the named executive officers relative to the peer group as one of the factors in determining if compensation is adequate to attract and retain executive officers. |
| No Hedging.The Company has adopted a policy prohibiting hedging and pledging of Company stock.                                                                                                                                                                                                                                                            |
| No Excise Tax Gross-Ups.Our named executive officers are not entitled to any such gross-up.                                                                                                                                                                                                                                                               |

Process for Setting Compensation Our Board and Compensation Committee review compensation practices and philosophy annually for all employees, including our executives. In setting executive base salaries and bonuses and granting equity incentive awards, they consider compensation for comparable positions in the market, the historical compensation levels