CEO Jeffrey Dayno received total compensation of approximately $7.9 million in 2025, driven largely by equity awards totaling $6.6 million in reported value — a significant increase from $5.5 million in equity in 2024 — while HRMY's stock declined 14.3% over three years compared to a 46.6% median gain for the company's own disclosed peer group, a gap of 60.9 percentage points. Under the pay-for-performance alignment check, variable and equity pay is above benchmark while total shareholder return materially underperforms sector peers by more than 20 percentage points over three years, which is the condition that triggers a No vote on incentive compensation. Although the prior say-on-pay vote was 97.6% supportive (well above the 70% threshold), the structural misalignment between above-benchmark equity grants and severe multi-year stock underperformance relative to peers fails the pay-for-performance test under policy.

Deloitte has served since 2017 (approximately 9 years), well below the 25-year tenure threshold; the non-audit fee ratio is 43.7% (tax fees of $693,000 divided by audit fees of $1,587,000), which is below the 50% threshold that would raise independence concerns; and Deloitte is a Big 4 firm appropriate for a $1.6 billion market cap company.