Viking Therapeutics Inc
For the period ended May 20, 2025. Filed Apr 8, 2025.
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May 20, 2025 · Filed Apr 8, 2025
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Summary Compensation Table
The following table sets forth certain information with respect to the compensation paid to our named executive officers for the fiscal years ended December 31, 2024, 2023 and 2022:
| Name and Principal Position | Year | Salary ($) | Non-Equity Incentive Plan Compensation(l) ($) | Stock Awards(2) ($) | Option Awards(3) ($) | All Other Compensation ($) | Total ($) |
|---|---|---|---|---|---|---|---|
| Brian Lian, Ph.D. Chief Executive Officer | 2024 | 640,000 | 440,000 | 8,468,006 | 4,636,800 | 113,748(4) | 14,298,554 |
| 2023 | 615,000 | 372,100 | 7,937,803 | 3,703,158 | - | 12,628,061 | |
| 2022 | 611,800 | 353,315 | 3,041,865 | 1,404,311 | - | 5,411,291 | |
| Marianne Mancini Chief | 2024 | 490,000 | 245,000 | 1,971,994 | 1,996,400 | - | 4,703,394 |
| 2023 | 465,000 | 205,000 | 1,581,883 | 1,259,074 | - | 3,510,957 | |
| 2022 | 446,000 | 187,300 | 792,185 | 626,539 | - | 2,052,044 |
| Operating Officer | 2024 | 475,000 | 238,000 | 1,971,994 | 1,996,400 | - | 4,681,394 |
| 2023 | 455,000 | 200,000 | 1,581,883 | 1,259,074 | - | 3,495,957 | |
| 2022 | 425,000 | 178,500 | 675,065 | 432,096 | - | 1,710,661 |
(1) The amounts in this column for 2024 relate to amounts earned by our named executive officers pursuant to our bonus program described above under “Annual Cash Incentive”.
(2) These amounts represent the aggregate grant date fair value of restricted stock unit (“RSU”) and performance restricted stock unit (“PRSU”) awards granted to each named executive officer. These amounts do not represent the actual amounts paid to or realized by the named executive officers. The value as of the grant date for the RSU awards and the PRSU awards is calculated based on the number of shares granted and the grant date market price. For PRSU awards, amounts reflect the target number of shares subject to the PRSU award, assuming all performance goals and other requirements are met. The shares subject to each of these PRSU awards granted to our named executive officers in 2022, 2023 and 2024 will vest upon our company achieving the applicable milestone, with 100% of the target number of shares subject to the applicable PRSU award vesting upon the achievement of three of the milestones over a four-year period and 133.3% of the target number of shares subject to the applicable PRSU vesting upon the achievement of all four milestones over a four-year period. Any shares subject to these PRSU awards that are unvested as of the four-year anniversary of the grant date will be forfeited and cancelled.
(3) These amounts represent the aggregate grant date fair value of option awards granted to each named executive officer, computed in accordance with authoritative accounting guidance. These amounts do not represent the actual amounts paid to or realized by the named executive officers. The value as of the grant date for stock options is recognized over the number of days of service required for the stock option to vest in full. As stock‑based compensation expense recognized is based on options ultimately expected to vest, the fair value of each employee option grant during the year ended December 31, 2024 was estimated on the date of grant using the Black-Scholes option pricing model. For a detailed description of the assumptions used for purposes of determining grant date fair value, see Note 7 to the financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on February 26, 2025.
(4) Comprised of HSR Act filing fees, inclusive of an additional payment to cover the taxes for Dr. Lian’s imputed income associated with our payment of such fees, as described above under “–Perquisites, Health, Welfare and Retirement Plans and Benefits–Perquisites and Personal Benefits”.
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