Nurix Therapeutics, Inc.
For the period ended May 19, 2025. Filed Mar 28, 2025.
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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.
May 19, 2025 · Filed Mar 28, 2025
Contents
Components of Our Executive Compensation Program
Our executive compensation program generally consists of, and is intended to strike a balance among, the following three principal components: base salary, annual performance-based cash bonuses and long-term incentive equity grants. We also provide our executive officers with severance and change-in-control benefits, as well as other benefits available to all our employees, including retirement benefits under the Company’s U.S. 401(k) plan and participation in employee benefit plans. The following chart summarizes the three main elements of compensation, their objectives and key features.
| Element | Description | Objectives |
|---|---|---|
| Base Salary | • Fixed cash compensation.• Determined based on each executive officer’s role, individual skills, experience, performance, and external market value. | • Base salaries are intended to provide stable compensation to executive officers, allow us to attract and retain skilled executive talent and maintain a stable leadership team. |
| Short-Term Incentives: Annual Cash Bonus | • Variable cash compensation based on the level of achievement of pre-determined annual corporate goals and personal performance. | • Promotes and rewards the achievement of key annual strategic, business and operational goals. |
| Long-Term Incentives: Equity-Based Compensation | • Variable equity-based compensation.• Stock Options: All NEOs were granted options in 2024 that are time-based and provide the right to purchase shares at a price equal to the share price on the grant date.• RSUs: All non-CEO NEOs also received restricted share units (RSUs) that are time-based. | • Motivates and rewards executive officers to achieve multi-year strategic goals that we believe will deliver sustained long-term value to shareholders, as well as to attract and retain executive officers. |
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