v3.25.4
Related party disclosures (Tables)
12 Months Ended
Dec. 31, 2025
Disclosure of transactions between related parties [abstract]  
Summary of Compensation of Key Management Personnel

Compensation of key management personnel consists of the following:

 

 

Year ended December 31,

 

 

2025

 

 

2024

 

 

2023

 

 

(Euros in thousands)

 

Fixed

 

 

4,310

 

 

 

3,848

 

 

 

3,611

 

Variable

 

 

1,803

 

 

 

1,733

 

 

 

1,818

 

Share-based compensation expenses

 

 

7,474

 

 

 

9,002

 

 

 

14,033

 

Total *

 

 

13,587

 

 

 

14,583

 

 

 

19,462

 

*including the compensation of (former) key personnel for the period of their services during the year ended December 31, 2025

Summary of Compensation for the Supervisory Board

Total compensation for the non-executive members of the Board amounted to2.5 million in 2025:

 

(Euros in thousands)

 

Peter
Chambré

 

 

Michael G.
Atieh

 

 

Paul
Carter

 

 

Heather L.
Mason

 

 

Adam
Stone

 

 

Mathias
Hothum

 

 

Eliot
Forster

 

 

Alise
Reicin

 

 

Total

 

Board compensation

 

 

90

 

 

 

70

 

 

 

65

 

 

 

50

 

 

 

50

 

 

 

50

 

 

 

50

 

 

 

50

 

 

 

475

 

Share-based compensation expenses

 

 

239

 

 

 

239

 

 

 

239

 

 

 

239

 

 

 

239

 

 

 

236

 

 

 

239

 

 

 

307

 

 

 

1,977

 

Total

 

 

329

 

 

 

309

 

 

 

304

 

 

 

289

 

 

 

289

 

 

 

286

 

 

 

289

 

 

 

357

 

 

 

2,452

 

 

Total compensation for the non-executive members of the Board amounted to €2.6 million in 2024:

 

(Euros in thousands)

 

Peter
Chambré

 

 

Michael G.
Atieh

 

 

Paul
Carter

 

 

Heather L.
Mason

 

 

Adam
Stone

 

 

Mathias
Hothum

 

 

Eliot
Forster

 

 

Alise
Reicin

 

 

Total

 

Board compensation

 

 

85

 

 

 

68

 

 

 

63

 

 

 

48

 

 

 

48

 

 

 

48

 

 

 

48

 

 

 

21

 

 

 

429

 

Share-based compensation expenses

 

 

285

 

 

 

285

 

 

 

285

 

 

 

285

 

 

 

285

 

 

 

269

 

 

 

287

 

 

 

211

 

 

 

2,192

 

Total

 

 

370

 

 

 

353

 

 

 

348

 

 

 

333

 

 

 

333

 

 

 

317

 

 

 

335

 

 

 

232

 

 

 

2,621

 

 

 

 

Total compensation for the non-executive members of the Board amounted to €1.7 million in 2023:

 

(Euros in thousands)

 

Peter
Chambré

 

 

Michael G.
Atieh

 

 

Paul
Carter

 

 

Heather L.
Mason

 

 

Adam
Stone

 

 

Mathias
Hothum

 

 

Eliot
Forster

 

 

Total

 

Board compensation

 

 

80

 

 

 

60

 

 

 

56

 

 

 

43

 

 

 

43

 

 

 

23

 

 

 

43

 

 

 

348

 

Share-based compensation
expenses

 

 

203

 

 

 

203

 

 

 

203

 

 

 

203

 

 

 

203

 

 

 

97

 

 

 

206

 

 

 

1,318

 

Total

 

 

283

 

 

 

263

 

 

 

259

 

 

 

246

 

 

 

246

 

 

 

120

 

 

 

249

 

 

 

1,666

 

Summary of Options Granted to Managing Director and Supervisory Directors The following options were granted to Immatics’ Directors:

 

 

Type of options

 

Grant date

 

Number of
Options

 

 

Strike
Price in
USD

 

 

Expiration date

Executive Director

 

 

 

 

 

 

 

 

 

 

 

 

Harpreet Singh

 

Performance-based options

 

June 30, 2020

 

 

1,598,000

 

 

 

10.00

 

 

June 30, 2030

Harpreet Singh

 

Service options

 

June 30, 2020

 

 

168,000

 

 

 

10.00

 

 

June 30, 2030

Harpreet Singh

 

Matching Stock options

 

June 30, 2020

 

 

264,624

 

 

 

10.00

 

 

June 30, 2030

Harpreet Singh

 

Converted Stock options

 

June 30, 2020

 

 

30,939

 

 

 

1.06

 

 

July 1, 2027

Harpreet Singh

 

Converted Stock options

 

June 30, 2020

 

 

145,371

 

 

 

1.17

 

 

January 1, 2028

Harpreet Singh

 

Service options

 

December 17, 2020

 

 

168,000

 

 

 

9.70

 

 

December 17, 2030

Harpreet Singh

 

Service options

 

December 9, 2021

 

 

168,000

 

 

 

11.00

 

 

December 9, 2031

Harpreet Singh

 

Service options

 

June 14, 2022

 

 

135,000

 

 

 

7.94

 

 

June 14, 2032

Harpreet Singh

 

Service options

 

December 13, 2022

 

 

388,000

 

 

 

9.75

 

 

December 13, 2032

Harpreet Singh

 

Service options

 

December 5, 2023

 

 

390,000

 

 

 

9.06

 

 

December 5, 2033

Harpreet Singh

 

Service options

 

December 3, 2024

 

 

300,000

 

 

 

8.06

 

 

December 3, 2034

Non-executive Directors

 

 

 

 

 

 

 

 

 

 

 

 

Peter Chambré

 

Matching Stock options

 

June 30, 2020

 

 

211,974

 

 

 

10.00

 

 

June 30, 2030

Peter Chambré

 

Service options

 

June 30, 2020

 

 

25,000

 

 

 

10.00

 

 

June 30, 2030

Peter Chambré

 

Service options

 

December 9, 2021

 

 

15,000

 

 

 

11.00

 

 

December 9, 2031

Peter Chambré

 

Service options

 

June 14, 2022

 

 

25,000

 

 

 

7.94

 

 

June 14, 2032

Peter Chambré

 

Service options

 

June 27, 2023

 

 

25,000

 

 

 

11.41

 

 

June 27, 2033

Peter Chambré

 

Service options

 

June 25, 2024

 

 

40,000

 

 

 

12.00

 

 

June 25, 2034

Peter Chambré

 

Service options

 

June 24, 2025

 

 

41,500

 

 

 

5.44

 

 

June 24, 2035

Adam Stone

 

Service options

 

June 30, 2020

 

 

25,000

 

 

 

10.00

 

 

June 30, 2030

Adam Stone

 

Service options

 

December 9, 2021

 

 

15,000

 

 

 

11.00

 

 

December 9, 2031

Adam Stone

 

Service options

 

June 14, 2022

 

 

25,000

 

 

 

7.94

 

 

June 14, 2032

Adam Stone

 

Service options

 

June 27, 2023

 

 

25,000

 

 

 

11.41

 

 

June 27, 2033

Adam Stone

 

Service options

 

June 25, 2024

 

 

40,000

 

 

 

12.00

 

 

June 25, 2034

Adam Stone

 

Service options

 

June 24, 2025

 

 

41,500

 

 

 

5.44

 

 

June 24, 2035

Heather L. Mason

 

Service options

 

June 30, 2020

 

 

25,000

 

 

 

10.00

 

 

June 30, 2030

Heather L. Mason

 

Service options

 

December 9, 2021

 

 

15,000

 

 

 

11.00

 

 

December 9, 2031

Heather L. Mason

 

Service options

 

June 14, 2022

 

 

25,000

 

 

 

7.94

 

 

June 14, 2032

Heather L. Mason

 

Service options

 

June 27, 2023

 

 

25,000

 

 

 

11.41

 

 

June 27, 2033

Heather L. Mason

 

Service options

 

June 25, 2024

 

 

40,000

 

 

 

12.00

 

 

June 25, 2034

Heather L. Mason

 

Service options

 

June 24, 2025

 

 

41,500

 

 

 

5.44

 

 

June 24, 2035

Michael G. Atieh

 

Service options

 

June 30, 2020

 

 

25,000

 

 

 

10.00

 

 

June 30, 2030

Michael G. Atieh

 

Service options

 

December 9, 2021

 

 

15,000

 

 

 

11.00

 

 

December 9, 2031

Michael G. Atieh

 

Service options

 

June 14, 2022

 

 

25,000

 

 

 

7.94

 

 

June 14, 2032

Michael G. Atieh

 

Service options

 

June 27, 2023

 

 

25,000

 

 

 

11.41

 

 

June 27, 2033

Michael G. Atieh

 

Service options

 

June 25, 2024

 

 

40,000

 

 

 

12.00

 

 

June 25, 2034

Michael G. Atieh

 

Service options

 

June 24, 2025

 

 

41,500

 

 

 

5.44

 

 

June 24, 2035

Paul Carter

 

Service options

 

June 30, 2020

 

 

25,000

 

 

 

10.00

 

 

June 30, 2030

Paul Carter

 

Service options

 

December 9, 2021

 

 

15,000

 

 

 

11.00

 

 

December 9, 2031

Paul Carter

 

Service options

 

June 14, 2022

 

 

25,000

 

 

 

7.94

 

 

June 14, 2032

Paul Carter

 

Service options

 

June 27, 2023

 

 

25,000

 

 

 

11.41

 

 

June 27, 2033

Paul Carter

 

Service options

 

June 25, 2024

 

 

40,000

 

 

 

12.00

 

 

June 25, 2034

Paul Carter

 

Service options

 

June 24, 2025

 

 

41,500

 

 

 

5.44

 

 

June 24, 2035

Eliot Forster

 

Service options

 

September 14, 2020

 

 

25,000

 

 

 

9.16

 

 

September 13, 2030

Eliot Forster

 

Service options

 

December 9, 2021

 

 

15,000

 

 

 

11.00

 

 

December 9, 2031

Eliot Forster

 

Service options

 

June 14, 2022

 

 

25,000

 

 

 

7.94

 

 

June 14, 2032

Eliot Forster

 

Service options

 

June 27, 2023

 

 

25,000

 

 

 

11.41

 

 

June 27, 2033

Eliot Forster

 

Service options

 

June 25, 2024

 

 

40,000

 

 

 

12.00

 

 

June 25, 2034

Eliot Forster

 

Service options

 

June 24, 2025

 

 

41,500

 

 

 

5.44

 

 

June 24, 2035

Mathias Hothum

 

Service options

 

June 27, 2023

 

 

25,000

 

 

 

11.41

 

 

June 27, 2033

Mathias Hothum

 

Service options

 

June 25, 2024

 

 

40,000

 

 

 

12.00

 

 

June 25, 2034

Mathias Hothum

 

Service options

 

June 24, 2025

 

 

41,500

 

 

 

5.44

 

 

June 24, 2035

Alise Reicin

 

Service options

 

July 29, 2024

 

 

60,000

 

 

 

12.08

 

 

June 29, 2034

Alise Reicin

 

Service options

 

June 24, 2025

 

 

41,500

 

 

 

5.44

 

 

June 24, 2035