Skip to main content

Beam Therapeutics Inc

For the period ended Jun 5, 2024. Filed Apr 19, 2024.

View on SEC.gov

About this filing

What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

Jun 5, 2024 · Filed Apr 19, 2024

BEAM$26.41+2.1%Stored close · as of Nov 6, 2026
See the whole filing, with its images and exhibits

PAY VERSUS PERFORMANCE

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid and certain financial performance of our Company.

Pay Versus Performance Table

The table below presents information on the compensation of our principal executive officer (“PEO”) and our other NEOs in comparison to certain performance metrics for the years ended December 31,2023, 2022, 2021 and 2020. The metrics discussed within this section are not those that our compensation committee uses when setting executive compensation. The use of the term “Compensation Actually Paid” (“CAP”) is required by SEC rules. Neither CAP nor the total amount reported in the Summary Compensation Table (“SCT”) reflect the amount of compensation actually earned or received by or paid to the executives during the applicable year.

Value of Initial Fixed $100 Investment Based on:
Year · SCT Total for PEO(1)(2)($) · CAP to PEO(1)(3)($) · Average SCT Total for Other NEOs(1)(2)($) · Average CAP to Other NEOs(1)(3)($) · TSR(4)($) · Peer Group TSR(5)($) · Net Loss(6)(in thousands)($)
20236,280,0992,830,3152,542,318615,870145.17125.93(132,527)
2022​9,496,745​(13,939,497)​3,058,553​(9,460,679)​208.59120.40​(289,088)
2021​13,911,975​17,020,857​4,737,263​6,713,763​425.01133.95​(370,679)
2020​906,768​61,898,557​3,768,26937,536,489​435.41133.92​(194,617)

(1)

For each year shown, the PEO was Mr. Evans. For 2020, 2021 and 2022, the other NEOs were Dr. Ciaramella and Ms. Burrell. For 2023, they were Dr. Ciaramella, Ms. Burell, Dr. Bellon and Dr. Simon.

(2)

The amounts shown in this column are the amounts of total compensation reported for Mr. Evans, or the average total compensation reported for the other NEOs, as applicable, for each corresponding year in the “Total” column of the SCT. Please refer to “Executive Compensation—Summary Compensation Table.”

(3)

The amounts shown have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually realized or received by Mr. Evans and other NEOs. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Mr. Evans' total compensation, or the average total compensation of the other NEOs, as applicable, as reported in the “Total” column in the SCT for 2023:

YearSCT Total for PEO ($)Minus Stock and Option Awards from SCT ($)Plus Year-End Equity Value of Unvested Awards Granted During Year ($)Plus Change in Value of Unvested Awards Granted in Prior Years ($)Plus Value of Awards Granted and Vested During Year ($)Plus Change in Value of Prior Years’ Awards Vested During Year ($)CAP to PEO ($)
20236,280,099(5,145,874)2,894,297(676,146)419,741(941,801)2,830,315
YearAvg. SCT Total for Other NEOs ($)Minus Avg. Stock and Option Awards from SCT ($)Plus Avg. Year-End Equity Value of Unvested Awards Granted During Year ($)Plus Avg. Change in Value of Unvested Awards Granted in Prior Years ($)Plus Avg. Value of Awards Granted and Vested During Year ($)Plus Avg. Change in Value of Prior Years’ Awards Vested During Year ($)Average CAP to Other NEOs ($)
20232,542,318(1,772,468)964,244(690,715)111,923(539,432)615,870

(4)

Cumulative total shareholder return (“TSR”) illustrates the value, as of the last day of the indicated fiscal year, of an investment of $100 in the Company’s common stock on February 5, 2020, the first day of trading of our common stock on the Nasdaq Global Select Market.

(5)

Peer group TSR illustrates the value, as of the last day of the indicated fiscal year, of an investment of $100 in the peer group's common stock on January 31, 2020, including reinvestment of dividends, weighted according to the peer group's respective stock market capitalizations. The peer group used for this purpose is the Nasdaq Biotechnology Index.

(6)

The dollar amounts reported represent the amount of net loss reflected in our audited financial statements for the applicable year.

Analysis of Information Presented in the Pay Versus Performance Table

As described in more detail above in “Compensation Discussion and Analysis,” our executive compensation program reflects a performance-driven compensation philosophy. While we utilize several performance measures to align executive compensation with Company performance, those Company measures are not financial performance measures and are therefore not presented in the Pay Versus Performance Table. Moreover, we generally seek to incentivize long-term performance, and therefore do not specifically align our performance measures with “compensation actually paid” (as computed in accordance with Item 402(v) of Regulation S-K) for a particular year. In accordance with Item 402(v) of Regulation S-K, we are providing the following descriptions of the relationships between information presented in the Pay Versus Performance Table above.

CAP, TSR of the Company and Peer Group TSR

The following graph illustrates the relationship of the CAP for our PEO and other NEOs, as calculated pursuant to SEC rules, to our TSR and the TSR of the Nasdaq Biotechnology Index from February 6, 2020, the first day of trading of our common stock on the Nasdaq Global Select Market, through the end of the period presented in the Pay Versus Performance Table.

CAP and Net Loss

The following graph illustrates the relationship of the CAP for our PEO and other NEOs, as calculated pursuant to SEC rules, to our net loss over the four years presented in the Pay Versus Performance Table.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.