Bio-Techne
Compensation Insight

How Bio-Techne Pays

Bio-Techne's B1 to B11 scientific and management ladder priced across 30 markets alongside four-year stock options, three-year RSUs and a 15 percent discount ESPP, an $8.151M CEO package at 88.9 to 1, and 10 FY2025 H-1B filings averaging $103,927.

~3,000 employees · Nasdaq: TECH · Bio-Techne Corporation · Minneapolis, Minnesota · FY ends 30 June
Employees
~3,000
Headcount at 30 June 2026, about 2,200 in the United States and 800 elsewhere, down from roughly 3,100 a year earlier.
FY2026 net sales
$1.215B
Reported for the year ended 30 June 2026 across 34 disclosed locations; Bio-Techne publishes no employee count by city.
Stock compensation
$41.8M
FY2026 expense, of which $40.2 million sat in selling, general and administrative costs and $1.6 million in cost of sales.
CEO total pay
$8.15M
Kim Kelderman's FY2025 Summary Compensation Table total, of which $5.86 million was stock and option awards.
CEO pay ratio
88.9:1
Measured against the $91,707 median employee identified for FY2025.
Median employee pay
$91,707
The FY2025 proxy median, materially below large-cap technology medians because the workforce is manufacturing and laboratory heavy.
Options outstanding
7.11M
At 30 June 2026, at a weighted-average exercise price of $73.60 and a weighted-average remaining term of 3.6 years.
H-1B average base
$103,927
Average across 10 certified FY2025 labour condition applications filed as Research and Diagnostic Systems, Inc.
Locations
United States
India
United Kingdom
Australia
Germany
France
Ireland
Switzerland
Canada
China
Japan
Singapore
New Zealand
United Arab Emirates
1.00× base / 1.00× TC vs Minneapolis

Band Hierarchy

Bio-Techne publishes no grade code, no salary matrix and no country bonus targets. The B1 through B6 scientific ladder and the B7 through B11 management ladder are a research crosswalk over public titles, employer-posted ranges and executive filings. Vice President and above are corporate title tiers taken from disclosures rather than modelled bands.

Scientific and technical ladder — B1 through B6

B6
Staff / Principal Scientist or EngineerIC · variable 12% · reported
Staff scientist, staff systems engineer, principal scientist, architect
B5
Senior Scientist / Senior EngineerIC · variable 10% · modeled
Senior scientist, senior manufacturing engineer, senior software engineer, senior product manager
B4
Scientist / Engineer II / ProfessionalIC · variable 7% · reported
Scientist, manufacturing engineer, systems analyst, field application specialist
B3
Advanced Associate / Engineer I / SpecialistIC · variable 5% · modeled
Advanced research associate, engineer I, quality assurance specialist, marketing specialist
B2
Associate / Research Associate / TechnicianIC · variable 3% · modeled
Research associate, quality technician, lab technician, service representative
B1
Trainee / Intern / Production AssistantIC · variable 2% · reported
Intern, manufacturing lab assistant, warehouse and production assistant

Management ladder — B7 through B11

B11
Senior DirectorManagement · variable 30% · reported
Senior director of business development, senior director of research and development, senior site leader
B10
DirectorManagement · variable 22% · reported
Director of environment health and safety, director of research and development, commercial director, site director
B9
Senior Manager / Associate DirectorManagement · variable 16% · modeled
Senior manager, associate director, programme lead, functional head
B8
ManagerManagement · variable 12% · modeled
Research and development manager, operations manager, product manager, IT manager
B7
Team Lead / SupervisorManagement · variable 10% · modeled
Team lead, production supervisor, quality control supervisor, technical lead

Disclosed executive layer

President and Chief Executive Officer
Kim Kelderman
Fully disclosed in the FY2025 proxy, including salary, incentive target, grant-date equity values, all other compensation and the pay ratio.
Executive Vice President and segment presidents
James Hippel as Executive Vice President and Chief Financial Officer, William Geist as President of Protein Sciences, Steve Crouse as President of Diagnostics and Spatial Biology from 1 March 2026
Named executive officers with full Summary Compensation Table disclosure; the Crouse package is disclosed separately in a February 2026 Form 8-K at $505,000 base, a 75 percent target bonus and roughly $1.2 million of annual target equity.
Senior Vice Presidents
Shane Bohnen as Senior Vice President, General Counsel and Corporate Secretary
Appears in the compensation tables only while qualifying as a named executive; his FY2025 total was $1,980,732 against a 70 percent bonus target.
Vice Presidents
Business unit, regional and functional Vice Presidents
No compensation table exists for this layer. Its only public compensation evidence is the June 2026 retention programme, which expressly covered executives, Senior Vice Presidents and Vice Presidents.
Non-employee directors
Independent chair and committee chairs
A $75,000 cash retainer plus $200,000 of annual equity, with individual totals generally between about $275,000 and $400,000 depending on chair duties.
VerifiedOnly the named executive rows carry a company disclosure. Everything from B1 to B11 is reconstructed from postings and third-party records.

Track divergence

B1 to B3
One route only. Cash is essentially the whole package: at B1 base is 98 percent of total and no recurring equity grant is evidenced at all. The employee stock purchase plan is the only stock an employee at this level can reliably reach.
B4 to B5 against B7 to B8
The management route opens at supervisor level and initially pays less than the senior scientist route. A B7 team lead sits at $122,000 total against $142,000 for a B5 senior scientist, so the early move into people leadership is a scope decision rather than a pay rise.
B6 against B9
The individual contributor ladder tops out at staff and principal scientist around $181,000 total, while a senior manager at the same experience reaches about $198,000. Above that point every public Bio-Techne title is managerial, so the technical route has no visible principal-plus tier.
B10 to B11 and above
Variable pay becomes the swing factor, rising from 22 percent of base at director to 30 percent at senior director and 70 to 110 percent for named executives. Equity also changes character: below leadership it is selective and small, while executive grants are split roughly half performance-based and half time-based.

Hierarchy qualifications and legacy structures

  • The B1 to B11 codes are report identifiers created to normalise public Bio-Techne titles. No filing, plan document or job posting shows a Bio-Techne grade or band scheme, and nothing here should be quoted back as a company band.
  • The two research bundles reconstruct different ladders from the same evidence, one running B1 to B14 including executives and one running B1 to B10. This report follows the longer employee ladder and stops it at senior director.
  • Bio-Techne operates through acquired businesses including ProteinSimple, Novus Biologicals, Advanced Cell Diagnostics, Asuragen, Tocris and Lunaphore. Public filings do not say whether legacy grading systems were harmonised, so local titles may not map cleanly.
  • Commercial and field-applications roles can carry a sales incentive plan instead of the modelled band bonus. Quota and commission curves are not publicly disclosed anywhere.
  • Vice President, Senior Vice President, Executive Vice President, segment president and Chief Executive Officer are corporate titles rather than hidden grade numbers, and are excluded from the band rows and the range chart.

Peer-level mapping

BandArchetypePeer mappingCaveat
B1Trainee / Intern / Production AssistantThermo Fisher and Revvity production associate entry, Bio-Rad manufacturing traineeLife-sciences entry titles vary by site and shift; there is no published crosswalk.Observed Minneapolis entry postings interpolated against the wider United States sample; no recurring equity grant is evidenced at this level.
B2Associate / Research Associate / TechnicianThermo Fisher research associate I, Bio-Rad QA technician, Repligen manufacturing associateScope orientation only; Bio-Techne publishes no grade or peer crosswalk.Modelled from the Minneapolis posting sample; the employee stock purchase plan is the only stock vehicle evidenced at this level.
B3Advanced Associate / Engineer I / SpecialistThermo Fisher senior research associate, Agilent engineer I, Revvity applications specialistScope orientation only; Bio-Techne publishes no grade or peer crosswalk.Modelled from posting ranges; the equity figure is the residual implied by the bundle's own Minneapolis total and sits inside its $0 to $10,000 selective grant band.
B4Scientist / Engineer II / ProfessionalThermo Fisher scientist I, Bio-Rad scientist, Waters applications scientistScope orientation only; Bio-Techne publishes no grade or peer crosswalk.Anchored on the employer-posted Minneapolis Immunoassay Scientist range of $78,100 to $128,500 dated 6 August 2026.
B5Senior Scientist / Senior EngineerThermo Fisher senior scientist, Revvity senior engineer, Repligen senior process engineerScope orientation only; Bio-Techne publishes no grade or peer crosswalk.Interpolated between the observed B4 and B6 postings; the bundle places selective grants of $0 to $25,000 at this level.
B6Staff / Principal Scientist or EngineerThermo Fisher principal scientist, Agilent staff engineer, Bruker principal applications scientistThe top of the individual contributor route; above it, public titles are all managerial.Anchored on the employer-posted San Jose Staff Scientist, Process Optimization range of $115,100 to $189,200, deflated to the Minneapolis anchor.
B7Team Lead / SupervisorThermo Fisher production supervisor, Bio-Rad QC supervisorThe first people-leadership step; pay overlaps the B4 and B5 individual contributor rows.Modelled from supervisor postings; two FY2025 labour condition applications for Team Lead roles were certified at $93,500 and $109,137 in Minneapolis.
B8ManagerThermo Fisher manager, Revvity manager, Repligen manufacturing managerScope orientation only; Bio-Techne publishes no grade or peer crosswalk.Modelled from manager postings; the bundle places annual or retention grants of $10,000 to $40,000 at this level with no published threshold.
B9Senior Manager / Associate DirectorThermo Fisher senior manager, Waters senior manager, Bruker associate directorScope orientation only; Bio-Techne publishes no grade or peer crosswalk.Modelled from senior manager postings; a FY2025 Senior Manager, IT System Development application was certified at $149,192 base in Minneapolis.
B10DirectorThermo Fisher director, Bio-Rad director, Revvity directorScope orientation only; Bio-Techne publishes no grade or peer crosswalk.Anchored on employer-provided director postings; the bundle places annual grants of $30,000 to $150,000 at this level without disclosing individual amounts.
B11Senior DirectorThermo Fisher senior director, Waters senior director, Repligen vice president of operationsThe highest band with any employer-posted range; Vice President upward is disclosure-only.Anchored on the employer-posted Senior Director, Business Development range of $193,100 to $317,300 dated 2 July 2025, which also confirms bonus eligibility.

Critical evidence warning

Bio-Techne does not publish salary ranges, band minimums, midpoints, bonus targets by level or a minimum grade for equity. Every non-executive figure here is an employer-posted range, a third-party salary observation or a calibrated model around one, and should be used for orientation rather than quoted as a Bio-Techne pay band.


Compensation by Band — Minneapolis

Low / median / high annual values at 1.00× base and 1.00× total-compensation factors versus Minneapolis. Total equals base plus bonus plus annualized equity.

BandTitleBaseVariableTotal TCEquity
B1
Trainee / Intern / Production Assistant
0–1 years · reported
$40K$53K2%
$47K
$40K$55K
B2
Associate / Research Associate / Technician
0–3 years · modeled
$49K$66K3%
$59K
$50K$68K
B3
Advanced Associate / Engineer I / Specialist
2–5 years · modeled
$64K$86K5%
$84K
$71K$96K
$5K
B4
Scientist / Engineer II / Professional
3–7 years · reported
$88K$118K7%
$116K
$99K$133K
$6K
B5
Senior Scientist / Senior Engineer
6–10 years · modeled
$105K$141K10%
$142K
$121K$163K
$7K
B6
Staff / Principal Scientist or Engineer
8–14 years · reported
$129K$175K12%
$181K
$154K$208K
$11K
B7
Team Lead / Supervisor
5–10 years · modeled
$87K$117K10%
$122K
$104K$140K
$10K
B8
Manager
7–12 years · modeled
$101K$137K12%
$142K
$121K$163K
$9K
B9
Senior Manager / Associate Director
10–15 years · modeled
$136K$184K16%
$198K
$168K$228K
$12K
B10
Director
12–18 years · reported
$159K$215K22%
$258K
$219K$297K
$30K
B11
Senior Director
15–22 years · reported
$210K$284K30%
$380K
$323K$437K
$59K
FY2026 Form 10-K material properties · 4 reported band cellsReportedModeledVerifiedBase and total use the bundle's own low and high posting bounds around the median, which run roughly minus 20 to plus 25 percent at junior bands and widen to minus 30 to plus 40 percent at senior director.

Total Compensation Range by Band

Total compensation in Minneapolis across the employee bands. Ranges are planning envelopes around the median, not offer bands.

B1$40K$55KB2$50K$68KB3$71K$96KB4$99K$133KB5$121K$163KB6$154K$208KB7$104K$140KB8$121K$163KB9$168K$228KB10$219K$297KB11$323K$437K$0$100K$200K$300K$400K$500K

Global Footprint & Pay Arbitrage

Bio-Techne reported approximately 3,000 employees at 30 June 2026, about 2,200 in the United States and 800 elsewhere, across 34 disclosed locations. Minneapolis is the pay anchor. The United States carries almost all the direct pay evidence; the United Kingdom carries the best non-United States evidence; India and Australia are explicit country benchmarks rather than verified Bio-Techne pay.

~3,000
Employees at 30 June 2026
2,200 / 800
United States and international split
30
Markets modelled in this report
$1.215B
FY2026 net sales

Office and market catalogue — calibration factors versus Minneapolis

LocationLikely office profilePresenceBaseTC
Minneapolis
United States · USD
Headquarters, research and development, manufacturing and corporate centreFY2026 Form 10-K material properties1.00×1.00×
Wallingford
United States · USD
Connecticut site carried as a benchmark; no separate city pay evidence locatedFY2026 Form 10-K material properties1.07×1.07×
Newark
United States · USD
Research and development and product operations site in northern CaliforniaFY2026 Form 10-K material properties1.25×1.25×
Austin
United States · USD
Operations and commercial site with quality assurance postingsFY2026 Form 10-K material properties0.98×0.98×
San Jose
United States · USD
Instruments research and development site, the highest-paying United States marketFY2026 Form 10-K material properties1.30×1.30×
Portland
United States · USD
Pacific Northwest life-sciences benchmark rather than a verified material propertyRegional coverage1.04×1.04×
Devens
United States · USD
Massachusetts manufacturing and research site inside the Boston labour marketFY2026 Form 10-K material properties1.17×1.17×
Waltham
United States · USD
Boston life-sciences benchmark used for comparison with the Devens siteRegional coverage1.20×1.20×
Bangalore
India · INR
India country-market benchmark; no direct Bio-Techne employee office is verified hereCountry-market benchmark0.06×0.07×
Pune
India · INR
The one India employee location evidenced in the 2025 sustainability footprint, priced on the same country benchmark2025 sustainability report footprint0.06×0.07×
Mumbai
India · INR
India benchmark carrying the bundle's 6 percent Mumbai city premium over BangaloreCountry-market benchmark0.07×0.07×
Abingdon
United Kingdom · GBP
Research, manufacturing and commercial site, the strongest non-United States evidence baseFY2026 Form 10-K material properties0.74×0.74×
Bristol
United Kingdom · GBP
Chemistry development and production site with several employer-posted rangesFY2026 Form 10-K material properties0.70×0.70×
Cambridge
United Kingdom · GBP
Cambridge life-sciences cluster benchmark rather than a verified Bio-Techne propertyRegional coverage0.78×0.78×
Melbourne
Australia · AUD
Country-market benchmark; the official network lists an authorised distributor in Noble Park, Victoria rather than an employee officeAuthorised distributor only0.98×0.98×
Sydney
Australia · AUD
Australian benchmark carrying the bundle's 5 percent Sydney premium over MelbourneCountry-market benchmark1.03×1.03×
Wiesbaden
Germany · EUR
German commercial and research presence with city pay benchmarked, not observedCountry presence verified0.76×0.76×
Bavaria
Germany · EUR
German operations region shown at regional rather than city resolutionCountry presence verified0.77×0.77×
Lille
France · EUR
French commercial presence, the lowest-calibrated western European market hereCountry presence verified0.67×0.67×
Paris
France · EUR
French commercial market benchmark against the Rennes and Massy footprintCountry presence verified0.74×0.74×
Dublin
Ireland · EUR
Distribution and commercial site, the best-calibrated euro-area marketFY2026 Form 10-K material properties0.79×0.79×
Zurich
Switzerland · CHF
Swiss market anchored on the Lunaphore Tolochenaz property, the only market above Minneapolis outside the United StatesFY2026 Form 10-K material properties1.05×1.05×
Toronto
Canada · CAD
Manufacturing and commercial site anchored on an observed Bio-Techne postingFY2026 Form 10-K material properties0.82×0.82×
Vancouver
Canada · CAD
Canadian west-coast benchmark rather than a verified Bio-Techne propertyRegional coverage0.84×0.84×
Shanghai
China · CNY
Commercial and operations site; the filing evidences a defined-contribution pension, not salariesFY2026 Form 10-K material properties0.47×0.47×
Beijing
China · CNY
Commercial site benchmarked slightly below Shanghai on the bundle's own calibrationFY2026 Form 10-K material properties0.45×0.45×
Tokyo
Japan · JPY
Japan commercial coverage; the size of the direct site is not quantified in any filing2025 sustainability report footprint0.67×0.67×
Singapore
Singapore · SGD
Asia Pacific regional commercial coverage with no published city headcount2025 sustainability report footprint0.74×0.74×
Auckland
New Zealand · NZD
New Zealand country benchmark; no significant direct office is verifiedCountry-market benchmark0.75×0.75×
Dubai
United Arab Emirates · AED
Middle East regional benchmark; no significant direct office is verifiedCountry-market benchmark0.72×0.72×

Bio-Techne discloses 34 locations but no employee count by city, so this catalogue cannot rank offices by headcount. Material owned or leased sites named in the FY2026 Form 10-K that carry no separate pay benchmark here include Saint Paul, Centennial, San Marcos, Ottawa, Rennes, Düsseldorf and Tolochenaz.

Minneapolis anchor medians — the basis of every modeled cell

BandBaseStockBonusTotal
B1$47K$0$930$47K
B4$103K$6K$7K$116K
B6$152K$11K$18K$181K
B10$187K$30K$41K$258K
B11$247K$59K$74K$380K
  • The Minneapolis column is the anchor. B4 is anchored on an employer-posted Immunoassay Scientist range of $78,100 to $128,500, B6 on a San Jose Staff Scientist range of $115,100 to $189,200 deflated to Minneapolis, and B10 and B11 on employer-provided director and senior director postings reaching $317,300.
  • United States city factors come from the bundle's own calibration and run from 0.98 in Austin to 1.30 in San Jose, applied identically to base and total because the bundle publishes a single city multiplier.
  • The United Kingdom is the strongest non-United States evidence base. Employer-posted Abingdon and Bristol ranges run from £19,600 for entry customer operations to £99,580 for a senior manager, which supports the 0.70 to 0.78 United Kingdom calibration.
  • India and Australia are the two markets where no Bio-Techne employee office is verified. Their columns are country-market benchmarks carried for comparability, and the only India location with any official footprint evidence is Pune, with a current sales role in New Delhi.
  • Named executive figures are corporate disclosures. They are carried in the executive section rather than as bands, because scaling a single worldwide chief executive number by a city factor would produce a meaningless local range.

Model rules

  • Every modeled cell is the Minneapolis median multiplied by the city base or total factor and then by the 25 August 2026 foreign-exchange snapshot. Foreign exchange is a presentation conversion, not a purchasing-power adjustment.
  • A total compensation cell is base plus target variable pay plus annualised equity. The bundle's published Minneapolis totals sat a few percent above that sum at B1 and B2, so those rows are rebuilt from components and the residual is dropped rather than presented as pay.
  • India and Australia carry separate junior and senior factors because their compression is strongly level-dependent. India runs from roughly 0.07 of the Minneapolis total at B1 to 0.34 at B11, while Australia runs the other way, from about 0.98 at B1 down to 0.78 at B11 as statutory wage floors stop binding.
  • Every other market carries one flat factor for base and total, because the bundle applies a single multiplier per city and no city-level base and total divergence is evidenced.
  • Where no direct city observation exists, the cell is modeled and should be treated as a planning envelope. Sixteen of the thirty markets here have no direct Bio-Techne pay observation at all.

Variable Pay & Annual Cash Incentive

Bio-Techne discloses its executive annual incentive in detail and discloses nothing at all about the employee bonus grid. Named executive targets, mechanisms and payout factors below are company disclosures from the FY2025 proxy; the band targets are modelled from the research bundle and are not Bio-Techne policy.

BandTargetMechanismRecent payout
B1
Trainee / Intern / Production Assistant
2% of baseSite or individual incentive where the role carries one; many entry roles carry none.Not publicly disclosed
B2
Associate / Research Associate / Technician
3% of baseCompany and individual bonus or a local incentive, role dependent.Not publicly disclosed
B3
Advanced Associate / Engineer I / Specialist
5% of baseCompany and individual bonus or a local incentive, role dependent.Not publicly disclosed
B4
Scientist / Engineer II / Professional
7% of baseCompany and individual bonus; field application roles may sit on a commercial plan instead.Not publicly disclosed
B5
Senior Scientist / Senior Engineer
10% of baseCompany and individual bonus; the cadence is assumed annual but is not disclosed.Not publicly disclosed
B6
Staff / Principal Scientist or Engineer
12% of baseCompany and individual bonus; the cadence is assumed annual but is not disclosed.Not publicly disclosed
B7
Team Lead / Supervisor
10% of baseCompany result plus function or site result plus individual performance.Not publicly disclosed
B8
Manager
12% of baseCompany result plus function or site result plus individual performance.Not publicly disclosed
B9
Senior Manager / Associate Director
16% of baseCompany result plus function or site result plus individual performance.Not publicly disclosed
B10
Director
22% of baseCompany plus business-unit plus individual performance; a sales plan may replace or overlay it.Not publicly disclosed
B11
Senior Director
30% of baseCompany plus business-unit plus individual performance; the posted senior director range confirms bonus eligibility.Not publicly disclosed
ModeledVerifiedThe executive annual incentive runs from zero to 200 percent of target on corporate adjusted EBITA and organic revenue, with segment measures for segment presidents and individual or strategic objectives layered on top. FY2025 outcomes ranged from 86.4 percent for the Diagnostics and Spatial Biology president to 145.0 percent for the Protein Sciences president, while FY2024 payouts for the disclosed officers were roughly 29 to 52 percent of target. That spread is the clearest evidence that the plan is genuinely variable rather than a fixed cash allowance.

Executive incentive targets — percent of salary

President and Chief Executive Officer
110% of salary
A $1,029,600 target on a $936,000 salary, with a maximum of 200 percent of target.
Executive Vice President and Chief Financial Officer
100% of salary
A $723,000 target funded on corporate adjusted EBITA and organic revenue.
Segment presidents
90% of salary
Targets of $515,880 for Protein Sciences and $514,800 for Diagnostics and Spatial Biology, carrying segment measures alongside the corporate scorecard.
Senior Vice President and General Counsel
70% of salary
A $301,700 target on a $431,000 salary.
President, Diagnostics and Spatial Biology from 1 March 2026
75% of salary
Steve Crouse's employment agreement sets a $505,000 base and a 75 percent target, disclosed in the February 2026 Form 8-K.

Named-executive outcomes

ExecutiveTargetPaidAttainment
Kim Kelderman$1,029,600$1,318,917128.1% of target
James Hippel$723,000$926,163128.1% of target
William Geist$515,880$748,026145.0% of target
Matthew McManus$514,800$444,78786.4% of target
Shane Bohnen$301,700$386,478128.1% of target

Employee payout timing and history

No company-wide payout percentage is published for employees. The only enterprise-level evidence is the cash bonus expense recorded in the benefit-plan disclosures: $25.6 million in FY2026, $32.8 million in FY2025 and $13.5 million in FY2024. That is an accounting aggregate covering a changing headcount and cannot be read as a target-achievement percentage. Merger employee materials indicated that FY2026 United States annual bonus payouts were communicated for the end of August 2026.

Sales and special incentives

Bio-Techne is not an offshore delivery business, so there is no onshore and offshore allowance structure to model. United States commercial, field-applications and customer-facing roles can sit on sales incentive plans distinct from the band model, and sampled postings confirm commission structures exist, but no quota, accelerator or commission curve is publicly disclosed.


Equity — RSUs, PSUs, Options & ESPP

Bio-Techne runs three distinct stock channels that should not be conflated: a Section 423 employee stock purchase plan open broadly, time-based options and restricted stock units that the FY2026 Form 10-K says have been extended deeper into the organisation, and performance restricted stock units concentrated in senior leadership. The pending Merck KGaA merger stops new grants and terminates the purchase plan at closing.

2020 Equity Incentive Plan
Active before the merger closes; no new awards after the effective time
Verified
An omnibus plan permitting incentive and nonqualified options, restricted stock, restricted stock units, performance shares and units, stock appreciation rights and cash units. Options are priced at the Nasdaq closing price on the grant date and carry a maximum ten-year term. The board committee selects recipients, and the FY2026 Form 10-K says eligibility has been expanded deeper into the organisation.
Reserve: A 9,936,808 share maximum aggregate reserve, with 5.9 million shares available for future grant and 8.1 million subject to outstanding awards at 30 June 2026
FY2026 Form 10-K, 2025 proxy statement and the 2020 plan award forms
Stock options
Active and the larger of the two time-based vehicles
Verified
Generally vest 25 percent on each of the first four anniversaries of grant. FY2026 activity was 988,000 granted at a weighted-average exercise price of $54.01, 2,785,000 exercised at $45.82 and 555,000 forfeited, leaving 7,108,000 outstanding at a weighted-average exercise price of $73.60 and 4,957,000 exercisable.
Reserve: Granted from the 2020 plan reserve; the weighted-average remaining contractual term was 3.6 years at 30 June 2026
FY2026 Form 10-K
Restricted stock units
Active for executives and selected employees deeper in the organisation
Verified
Time-based units generally vest in one-third instalments on each of the first three anniversaries. FY2026 activity was 589,000 granted at a weighted-average grant-date fair value of $53.73, 238,000 vested and 157,000 forfeited, leaving 1,025,000 outstanding at a weighted-average grant-date fair value of $64.38.
Reserve: Granted from the 2020 plan reserve; the fair value of units vested in FY2026 was $18.1 million and $32.1 million of cost remains unrecognised
FY2026 Form 10-K
Performance restricted stock units
Active for executives and senior leadership
Verified
A three-year performance period with cliff settlement. The FY2025 design weighted 40 percent organic revenue, 35 percent adjusted EBITA and 25 percent relative total shareholder return, and the executive long-term incentive target mix was 50 percent performance-based and 50 percent time-based.
Reserve: The merger proxy modelled up to 495,282 performance units outstanding alongside 610,319 restricted stock units and 17,852 restricted shares
2025 proxy statement and the August 2026 merger proxy
2014 Employee Stock Purchase Plan
Wind-down; no new phase may begin before the merger closes and the plan terminates at closing
Verified
A Section 423 plan approved on 30 October 2014 and effective from FY2015. Shares are purchased at 85 percent of the closing price at the end of each phase, subject to statutory annual limits and a historic six-month holding condition in the plan text. Participation and deductions may not be materially increased during the interim period.
Reserve: 800,000 shares allocated; 85,000 shares were issued in FY2026 at an expense of about $0.858 million, and the merger proxy showed 187,716 shares reserved
The 2014 plan document, FY2026 Form 10-K and the August 2026 merger proxy
Legacy 2010 Equity Incentive Plan
Closed to new grants
Verified
Options and stock awards granted before the 2020 plan replaced it. Outstanding awards continue on their existing terms until exercise, vesting or merger treatment.
Reserve: Residual outstanding awards only; no new grants may be made
FY2026 Form 10-K
  • The disclosed reserve balances are not a clean utilisation denominator. The merger proxy's categories for outstanding awards, plan-reserved shares and purchase plan shares differ and may overlap in economic exposure, so no reliable equity-pool utilisation percentage is publicly disclosed and none is calculated here by dividing unlike categories.
  • The two research bundles report the reserve differently. One quotes 5,538,267 shares reserved for plan grants and 187,716 for the purchase plan from the merger proxy; the other quotes 5.9 million available for future grant and 8.1 million subject to outstanding awards from the FY2026 Form 10-K. Both are used above with their source named.
  • The option book is close to worthless in aggregate at current prices. The weighted-average exercise price of $73.60 sits above the $73.00 cash merger consideration and above the $72.33 reference share price, and options struck at or above $73.00 receive no payment at closing.
  • No filing states a minimum band for a recurring grant. Historical disclosures cover key non-management employees, management and executives, which establishes breadth but not entitlement, so every modelled grant value below senior leadership is an estimate rather than a plan promise.

Equity plan capacity and FY2026 grant activity

$41.8M
FY2026 stock compensation expense
$40.2 million in selling, general and administrative costs and $1.6 million in cost of sales.
7.11M
Options outstanding at 30 June 2026
At a weighted-average exercise price of $73.60, with 4.957 million already exercisable.
1.03M
Restricted stock units outstanding
At a weighted-average grant-date fair value of $64.38; $32.1 million of cost is still unrecognised.
5.9M
Shares available for future grant
Against 8.1 million subject to outstanding awards and a 9,936,808 share maximum reserve.
85,000
Purchase plan shares issued in FY2026
At an expense of about $0.858 million; the plan holds an 800,000 share allocation.
$22M
Below-Vice-President retention pool
Approved in June 2026 for critical talent, alongside separate executive, Senior Vice President and Vice President cash retention and 300,000 delegated FY2027 equity shares for non-insiders.

Vesting — common reported employee schedule

Year 1
25%
+25% · annual tranche
Year 2
50%
+25% · annual tranche
Year 3
75%
+25% · annual tranche
Year 4
100%
+25% · annual tranche

The schedule above is the standard option pattern of 25 percent on each of the first four anniversaries. Time-based restricted stock units run faster, vesting in one-third instalments over three years, and performance restricted stock units run slower, cliff-settling after a three-year performance period. Under the merger terms vested in-the-money options are expected to be cashed out for the spread, unvested awards generally convert to cash-based awards that continue vesting, and options struck at or above $73.00 receive nothing.

Eligibility by hierarchy level

  • No recurring grant is evidenced at B1 or B2. For those levels the employee stock purchase plan is the only reliable stock vehicle.
  • From B3 to B5 the bundle models selective grants of $0 to $25,000 in annual value, framed as ad hoc or retention rather than an annual entitlement.
  • B6 is the first level with an observed grant for selected key talent, modelled at $5,000 to $25,000, but the threshold itself is not disclosed.
  • B8 to B10 are modelled at $10,000 to $150,000 depending on level, described as annual or retention specific, again with no published threshold.
  • B11 is modelled at $100,000 to $400,000 from public executive design, and Vice Presidents were expressly covered by the FY2026 retention arrangements, which is evidence of eligibility rather than of an ordinary annual grant.
  • The FY2026 Form 10-K's statement that option eligibility has been expanded deeper into the organisation is the single most useful eligibility fact Bio-Techne publishes, and it still stops short of naming a level.

Indicative annual grant value by band — Minneapolis

BandAnnual value (USD)MedianShares at $72.33
B3$4K$6K$5K~4982
B4$4K$7K$6K~60100
B5$5K$8K$7K~69116
B6$8K$13K$11K~112186
B7$7K$12K$10K~102169
B8$7K$11K$9K~90151
B9$9K$16K$12K~129214
B10$22K$37K$30K~310516
B11$44K$74K$59K~6111,018

Annualized planning value (±25%), not the face value of every new-hire grant. Share equivalents use the $72.33 reference price at 25 August 2026 close and ignore plan valuation rules and PSU performance. Highlighted rows are disclosed grant-date stock awards.

Named executive target equity

ExecutiveTargetUnits / structure
Kim Kelderman
President and Chief Executive Officer
About $8.14M of FY2025 grant-date long-term incentive$1.933 million of options, about $1.920 million of time restricted stock units and about $4.288 million of performance restricted stock units
James Hippel
Executive Vice President and Chief Financial Officer
About $6.43M of FY2025 target long-term incentive$4,453,020 of stock awards and $907,273 of option awards in the FY2025 Summary Compensation Table
William Geist
President, Protein Sciences
About $2.50M of FY2025 target long-term incentive$1,206,585 of stock awards and $593,448 of option awards in the FY2025 Summary Compensation Table
Shane Bohnen
Senior Vice President, General Counsel and Corporate Secretary
About $1.59M of FY2025 target long-term incentive$767,575 of stock awards and $377,496 of option awards, split across options, time units and performance units
Steve Crouse
President, Diagnostics and Spatial Biology
About $1.2M of annual target equity$300,000 of options, $300,000 of time restricted stock units and $600,000 of target performance restricted stock units under the February 2026 appointment terms
VerifiedThe 2014 Employee Stock Purchase Plan is the only equity component an ordinary Bio-Techne employee can size for themselves. It is a Section 423 plan that buys shares at 85 percent of the closing price at the end of each purchase phase, so the discount is a straight 15 percent rather than a lookback. It issued 85,000 shares in FY2026 at an expense of about $0.858 million against an 800,000 share allocation. Merger employee materials said the cycle running to August 2026 was expected to be the last, with no new phase beginning before closing and the plan terminating at the effective time.

Executive Compensation

The FY2025 proxy is the last ordinary Summary Compensation Table Bio-Techne has published. The FY2026 annual-meeting proxy had not supplied a newer table by the report date; the August 2026 special merger proxy carries transaction-specific amounts instead, which are shown separately rather than folded into annual pay.

CEO total — Kim Kelderman
$8.15M
Stock awards are 71.9% of the reported total; salary 11% and non-equity incentive 16%
11%
16%
72%
Salary $936K
Incentive $1.32M
Equity $5.86M
Salary$936,000
Non-equity incentive plan$1,318,917
Stock awards$3,929,942
Option awards$1,932,848
All other compensation$33,473
Reported total$8,151,181

Reading the package

Salary was 11.5 percent of the FY2025 reported total, stock and option awards 71.9 percent, the non-equity incentive 16.2 percent and all other compensation less than half a percent. The equity figures are grant-date accounting values rather than money received, and with the option book struck at a weighted average of $73.60 against a $73.00 merger price, a material part of that accounting value carries no realisable spread.

CEO-to-median-employee ratio
88.9:1
Median employee $91,707 · The FY2025 proxy identified a median employee with annual total compensation of $91,707 and compared it with the chief executive's $8,151,181 Summary Compensation Table total. The median is low relative to technology peers because Bio-Techne's workforce is heavily manufacturing, laboratory and field based rather than software based..
Peer CEO comparison
Bio-Techne · Kim Kelderman · FY2025$8.15M
2025 definitive proxy statement
Bio-Rad Laboratories · Norman Schwartz · Latest disclosed$8.00M
Bio-Rad 2026 proxy statement; a 97:1 ratio on an $82,784 median
Repligen · Chief Executive Officer · Latest disclosed$6.12M
Peer proxy researched in the intelligence bundle; an 82:1 ratio on a $74,954 median
Waters · Chief Executive Officer · Latest disclosed$13.97M
Peer proxy researched in the intelligence bundle; a 153:1 ratio on a $92,793 median
Revvity · Prahlad Singh · Latest disclosed$13.81M
Revvity 2026 proxy statement; a 239:1 ratio on a $57,745 median
Bruker · Frank Laukien · Latest disclosed$4.71M
Bruker 2026 proxy statement; a 55:1 ratio

Bio-Techne's chief executive pay sits mid-pack in this life-sciences tools set, close to Bio-Rad, above Repligen and Bruker and materially below Waters and Revvity. Pay ratios are not comparable across the set because they depend on workforce geography and role mix as much as on executive pay: Revvity's 239:1 reflects a $57,745 median rather than an unusually large package. The disclosure periods are also not perfectly synchronised, so these are proxy-to-proxy comparisons rather than matched fiscal-year economics.


Named Executive Officers & Board

Bio-Techne's FY2026 officer roster is small and the compensation disclosure covers only those who qualify as named executives. One segment president changed during the year: Steve Crouse became President of Diagnostics and Spatial Biology effective 1 March 2026, and his package is disclosed in a Form 8-K rather than a proxy table.

Kim Kelderman · President and Chief Executive Officer$8.15M
Salary $936K · Cash incentive $1.32M · Stock $5.86M · Other $33K · Equity 71.9%
James Hippel · Executive Vice President and Chief Financial Officer$7.03M
Salary $723K · Cash incentive $926K · Stock $5.36M · Other $18K · Equity 76.3%
William Geist · President, Protein Sciences$3.14M
Salary $573K · Cash incentive $748K · Stock $1.80M · Other $18K · Equity 57.3%
Matthew McManus · President, Diagnostics and Spatial Biology$2.85M
Salary $572K · Cash incentive $445K · Stock $1.81M · Other $20K · Equity 63.6%
Shane Bohnen · Senior Vice President, General Counsel and Corporate Secretary$1.98M
Salary $431K · Cash incentive $386K · Stock $1.15M · Other $18K · Equity 57.8%

Executive base salaries are reviewed at least annually around the fiscal year ending 30 June, and the annual incentive is genuinely performance-linked, having paid 86.4 to 145.0 percent of target in FY2025 after roughly 29 to 52 percent in FY2024. The long-term incentive target mix is 50 percent performance-based and 50 percent time-based, with performance units measured over three years on organic revenue, adjusted EBITA and relative total shareholder return.

Board compensation framework

ElementAmountNotes
Non-employee director cash retainer$75,000The base annual retainer for every non-employee director in FY2025.
Independent chair retainer$120,000Paid in addition to the base cash retainer.
Audit Committee chair retainer$25,000The largest committee chair premium.
Compensation Committee chair retainer$17,500Paid in addition to the base cash retainer.
Other committee chair retainer$15,000Applies to the remaining standing committee chairs.
Annual director equity$200,000Granted roughly half as options and half as restricted stock, vesting over one year or to the next annual meeting subject to award terms.
Typical individual director total$275,000–$400,000The observed FY2025 spread, driven mainly by chair duties.

Director compensation is a governance package rather than an employment band, so it is excluded from the band rows and the range chart. It is worth noting only because the $200,000 annual director equity grant is larger than the modelled annual grant for any employee level below senior director.

Regional heads and other officers

The pending Merck KGaA merger adds a layer that is not annual compensation. The merger proxy estimated Kim Kelderman's golden-parachute value at approximately $52.9 million, including about $31.8 million of equity value and $16.5 million of tax reimbursement. Disclosed retention bonuses were $2,120,976 for Kelderman, $1,541,510 for Hippel, $1,161,014 for Geist, $971,097 for Bohnen and $910,263 for Crouse, alongside a $22 million pool for critical talent below Vice President.


Insider Trades — SEC Forms 3/4/5

Bio-Techne is a Nasdaq issuer, so SEC Forms 3, 4 and 5 under Section 16 are the relevant insider regime. Indian SAST, promoter-group and stock-exchange insider reporting concepts do not apply, and the Merck acquisition is governed by United States merger and proxy disclosure rather than promoter filings.

DatePersonTransactionSharesPriceValue
2026-08-17
Kim Kelderman
President and Chief Executive Officer
Award
57,590 time-vested plus 93,582 cliff-vested restricted stock units; a non-cash compensatory grant valued at the report reference price.
151,172$10.93M
2026-08-17
James Hippel
Executive Vice President and Chief Financial Officer
Award
Compensatory restricted stock unit award reported at a zero acquisition price.
58,897$4.26M
2026-08-17
Shane Bohnen
Senior Vice President and General Counsel
Award
Two tranches of 11,344 and 18,432 restricted stock units.
29,776$2.15M
2026-08-15
Kim Kelderman
President and Chief Executive Officer
Settlement
Shares acquired on vesting of previously granted restricted stock units.
21,470$72.40$1.55M
2026-08-15
Kim Kelderman
President and Chief Executive Officer
Withholding
Shares withheld to cover tax on the same-day settlement, not a discretionary sale.
10,821$72.40$783K
2026-08-15
James Hippel
Executive Vice President and Chief Financial Officer
Settlement
Shares acquired on vesting of previously granted restricted stock units.
9,779$72.40$708K
2026-08-15
James Hippel
Executive Vice President and Chief Financial Officer
Withholding
Shares withheld to cover tax on the same-day settlement.
4,310$72.40$312K
2026-08-15
William Geist
President, Protein Sciences
Settlement
Shares acquired on vesting of previously granted restricted stock units.
6,416$72.40$465K
2026-08-15
William Geist
President, Protein Sciences
Withholding
Shares withheld to cover tax on the same-day settlement.
1,976$72.40$143K
2026-07-28
Kim Kelderman
President and Chief Executive Officer
Purchase
Option exercise at a $47.60 strike, well below the $73.00 merger consideration.
35,000$47.60$1.67M
2026-07-28
Kim Kelderman
President and Chief Executive Officer
Withholding
Shares withheld at $72.07 to settle the exercise cost and tax on the same option exercise.
28,686$72.07$2.07M
2026-07-23
Shane Bohnen
Senior Vice President and General Counsel
Purchase
Small option exercise at the same $47.60 legacy strike.
448$47.60$21K
2026-07-23
Shane Bohnen
Senior Vice President and General Counsel
Withholding
Shares withheld at $71.77 against the exercise.
344$71.77$25K

Reading guide

Read the transaction codes, not the directionEvery disposal in this ledger is a Form 4 code F, meaning shares withheld or disposed to satisfy tax on a vesting or exercise. None of it is a discretionary open-market sale, and reading it as bearish would be a mistake.
The August 2026 grants are unusually largeThe 17 August 2026 awards to the chief executive, chief financial officer and general counsel total roughly 240,000 units. They sit in the transaction period, so vesting remains subject to both award terms and the merger conversion rules.
Legacy strikes are deep in the moneyThe July 2026 exercises were struck at $47.60 against a $73.00 cash merger price, a spread of about $25 a share. The wider option book is not comparable: its weighted-average strike is $73.60.
No trading-plan audit is possibleThe research bundles did not extend to a complete Rule 10b5-1 plan review, so this report does not infer whether any of these transactions ran under a pre-established plan.
Grant values use a reference priceWhere a Form 4 shows a zero acquisition price for a compensatory award, the value shown is the unit count multiplied by the $72.33 reference share price of 25 August 2026.

Benefits & Perks

Bio-Techne publishes no global benefits manual and no country rewards portal, so the benefit picture is thinner than the pay picture. What follows separates the aggregate facts the FY2026 Form 10-K does disclose, the elements named in current job postings, and the statutory floors that apply in each market whether or not Bio-Techne enhances them.

United States

  • Retirement401(k) with an employer match. The FY2026 Form 10-K records $6.0 million of plan contribution expense and confirms that Bio-Techne makes matching contributions, but the formula is not disclosed. Employee reports range from about 3 percent to as much as 6 percent, so no single rate is asserted here. [official]
  • Stock2014 Employee Stock Purchase Plan at a 15 percent discount. Shares are bought at 85 percent of the closing price at the end of each phase. This is the only equity element evidenced as broadly available, and it terminates when the Merck merger closes. [official]
  • MedicalMedical, dental and vision cover. Described as competitive in current employer postings. Carriers, plan designs, employee premium shares and tier structures are not published in any source. [official]
  • ProtectionLife, short-term and long-term disability. Referenced in posting benefit summaries. Coverage multiples, elimination periods and benefit caps are not public. [official]
  • AccountsHealth savings, flexible spending and dependent-care accounts. Named in job-market benefit summaries; contribution limits follow federal law and the plan documents rather than a published Bio-Techne schedule. [official]
  • LeavePaid time off, holidays and paid volunteer time. Offered according to current postings, but the company-wide day count by tenure is not publicly disclosed. [reported]
  • FamilyPaid parental leave. Appears in sampled current postings. The number of employer-paid weeks is not publicly disclosed. [reported]
  • DevelopmentTuition and training support. Mentoring, training and tuition support appear in postings and in the Form 10-K's human capital discussion; annual caps are not disclosed. [official]

Global programs

  • DevelopmentAnnual talent review and leadership development. The FY2026 Form 10-K confirms an annual talent review and leadership development programmes that identify high-potential employees for advancement. It gives no rating scale, calendar or outcome distribution. [official]
  • Working modelHybrid working where the role allows. Referenced in the Form 10-K human capital discussion and in the sustainability report. Laboratory, manufacturing and field roles are necessarily on site. [official]
  • WellbeingEmployee assistance and wellness elements. Named in recruiting and sustainability material. Providers, session limits and eligibility are not published. [official]
  • RecognitionEmployee recognition and internal mobility. Described in the Form 10-K and careers material as part of the retention approach; no award values or programme rules are published. [official]
  • LearningExternal training and education support. Available according to postings and the sustainability report. No universal reimbursement limit or named learning platform is disclosed. [reported]

Benefit fields not publicly quantified

The 401(k) match formula and vesting, medical carriers and premium shares, the paid time off schedule by tenure, the number of employer-paid parental leave weeks, tuition caps, and every country pension rate outside the statutory floors are not publicly disclosed. Bio-Techne publishes no global benefits manual and no country rewards portal, so nothing above should be read as a complete package for any market. These gaps are recorded rather than filled with peer benchmarks.


Performance Review & Pay Progression

Bio-Techne confirms an annual talent review at governance level and nothing else. There is no published rating scale, no merit calendar, no promotion matrix and no company-wide hike percentage, so this section records what is absent as carefully as what is known.

Not publicly disclosed

The employee rating scale and its labels are not publicly disclosed, so no rating-to-increase table can exist.
Whether a bell curve or forced distribution is used is not publicly disclosed.
The merit-effective month for employees is not publicly disclosed. Executive compensation is set around the fiscal year ending 30 June, which does not prove the same effective date applies to everyone.
The promotion hike matrix is not publicly disclosed, and the experience ranges in the band table must not be read as one.
Probation and confirmation terms are country and contract dependent; no global policy was located.
Mid-year corrections, market adjustments and off-cycle increases are not publicly disclosed and are not modelled numerically here.
A single anonymous employee report suggested roughly a 3 percent merit increase in one context, but the sample is far too weak to generalise and no rating-to-hike table is shown.

Modeled promotion planning timeline

BandYears to next scopePromotion hikeStatus
B1About 1.0 year to B2Not disclosedModeled planning interval
B2About 1.8 years to B3Not disclosedModeled planning interval
B3About 2.2 years to B4Not disclosedModeled planning interval
B4About 2.5 years to B5Not disclosedModeled planning interval
B5About 2.8 years to B6 or across to B7 people leadershipNot disclosedModeled planning interval
B6About 3.0 years to B9 technical leadership or B8 people leadershipNot disclosedModeled planning interval
B7About 2.5 years to B8Not disclosedModeled planning interval
B8About 2.7 years to B9Not disclosedModeled planning interval
B9About 3.0 years to B10Not disclosedModeled planning interval
B10About 3.2 years to B11Not disclosedModeled planning interval
B11About 3.5 years to Vice President, which is carried as an executive tier rather than a bandNot disclosedModeled planning interval

What Bio-Techne does confirm is an annual talent review and leadership development programmes that identify high-potential employees for further development and advancement, and that executive base salaries are reviewed at least annually under executive arrangements. Merger employee materials indicated that FY2026 United States annual bonus payouts were communicated for the end of August 2026, which is the only concrete pay-calendar evidence in either bundle.

Pay progression evidence

Modelled progression, not Bio-Techne policy: about 1.0 year at B1, 1.8 at B2, 2.2 at B3, 2.5 at B4, 2.8 at B5 and 3.0 at B6 on the scientific route, and about 2.5 at B7, 2.7 at B8, 3.0 at B9, 3.2 at B10 and 3.5 at B11 on the management route. The modelled promotion base increase is 8 to 15 percent through B3 and 10 to 20 percent from B4 upward. In a market where scientific salaries have moved quickly, midpoint movement can exceed the promotion increment itself, so the model should be read as a planning heuristic rather than a rule.


H-1B / LCA Visa Footprint — United States

Bio-Techne is a very light H-1B sponsor, and the filings sit under a subsidiary name. The principal matched legal employer is Research and Diagnostic Systems, Inc., a Bio-Techne business, so searching only for Bio-Techne Corporation undercounts the record. Labour condition application wages are base salary only and exclude any bonus or equity.

FY2025 certified applications
10
Against 4 in FY2024, 1 in FY2023 and 3 in a partial FY2026 sample. This is a very small programme by any standard.
FY2025 average salary
$103,927
Down from about $107,094 in FY2024 and up from $91,898 in FY2023; the sample is small enough that year-to-year movement is noise.
FY2025 approvals
5
With zero denials recorded in the period snapshot, alongside 5 in FY2024 and 3 in FY2023, also with no denials.
Sample median
$105,144
From the nine-record FY2025 role sample, with a 25th percentile of $76,874 and a 75th percentile of $109,137.
Largest worksite cluster
Minneapolis
Eleven observed historical petitions, more than every other Bio-Techne worksite combined in the sampled data.

Dataset summary

DatasetResultInterpretation
MyVisaJobs, Research and Diagnostic Systems, Inc.10 FY2025 labour condition applications at an average of $103,927A secondary compilation of Department of Labor and USCIS records under the subsidiary employer name.
FrogHire visa sponsorship dataset for Bio-TechneNo H-1B records found in its 2020 to 2026 windowA direct contradiction of the record above, almost certainly caused by employer-name matching. It is a false negative rather than evidence of no sponsorship.
Current Bio-Techne United States job postingsSeveral state explicitly that no present or future sponsorship is availableConsistent with a small, role-specific sponsorship programme rather than a broad one.

City-level H-1B wage history

CityP25MedianP75Records
Minneapolis, MN
The largest observed historical worksite cluster and the location of the headquarters.
$77K$105,144$109K11
Centennial / Denver, CO
A sparse sample interpolated from the two disclosed roles.
$105K$127,168$149K2
Bellevue, WA
Dominated by a single business-development role, so the percentiles collapse to one value.
$148K$147,784$148K2
St. Paul, MN
One observed record only; shown for completeness rather than as a distribution.
$77K$76,874$77K1

All-years aggregates. P25/P75 are rounded reconstruction values marked modeled; medians and record counts are the stronger fields.

Selected title / worksite records

TitleWorksiteProffered wageNotes
Senior Manager, IT System DevelopmentMinneapolis, MN$149,192The highest certified wage in the FY2025 sample; maps to the B9 band.
Business Development Manager, Cell & Gene TherapyBellevue, WA$147,784A commercial role in a high-cost market; commission is not captured in a labour condition application.
Team Lead, Software QAMinneapolis, MN$109,137Consistent with the modelled B7 anchor of $102,000 base in Minneapolis.
Advanced BiostatisticianMinneapolis, MN$108,784Sits between the B4 and B5 anchors on the scientific ladder.
Senior Manager, Digital Marketing OptimizationCentennial, CO$105,144The sample median, and the only Colorado record with a senior title.
Team Lead, Systems DeveloperMinneapolis, MN$93,500A second B7 data point, $15,637 below the software quality assurance team lead.
Senior Research AssociateSt. Paul, MN$76,874The 25th percentile of the sample; maps to the B3 band.
Senior Product MarketingMinneapolis, MN$71,386Low for a senior title, which shows how loosely public titles map to scope at this company.
Advanced Research Associate, GMPMinneapolis, MN$61,005The lowest certified wage in the sample; maps to the B3 band in a manufacturing context.

Reading the data correctly

  • A labour condition application is a Department of Labor wage and working-conditions filing, while an approval or denial is a separate USCIS petition outcome that may be decided in a different fiscal year. Dividing approvals by applications does not produce a meaningful approval rate, and no such rate is calculated here.
  • The wages are proffered base salary only. They exclude the annual incentive, any option or restricted stock unit grant and the employee stock purchase plan discount, so they are not comparable with the total compensation figures in the band table.
  • The sample is tiny. Nine to eleven records cannot support a percentile claim in the way a thousand-record employer sample can, and the percentiles above are sample order statistics rather than an employer-wide release.
  • The two research bundles disagree outright on whether any usable Bio-Techne visa record exists. This section follows the bundle that located records under the subsidiary employer name, and flags the disagreement rather than suppressing it.
  • Employer-name variation is the single biggest risk in this dataset. Bio-Techne files under Research and Diagnostic Systems, Inc., and acquired businesses may file under their own legal names, so the true count is likely to be at least as high as shown and possibly higher.

Key Nuances & Insights

01There is no Bio-Techne grade code

B1 to B11 is a research crosswalk over public titles, not a leaked internal architecture. The two source bundles built different ladders from the same evidence, one running to fourteen levels and one to ten, which is the clearest possible proof that the numbering is analytical. Quoting a band number back in a negotiation would be quoting this report, not the company.

02Equity is broader here than at most companies this size

The FY2026 Form 10-K states plainly that stock option eligibility has been expanded deeper into the organisation and that long-term incentives now mix options and restricted stock units. That is an unusually direct disclosure and it matters: at a $1.2 billion revenue instruments and reagents business, equity reaching below the director layer is not the norm.

03But grant sizes below leadership stay opaque

Breadth is disclosed and depth is not. Filings give aggregate option and unit activity plus individual executive grants, and nothing in between. Every grant value modelled here for B3 through B11 is an estimate around that gap, not a plan promise, and no filing names a minimum level for a recurring award.

04Three separate stock channels, easily conflated

An employee can encounter the employee stock purchase plan at a flat 15 percent discount, time-based options vesting over four years and restricted stock units vesting over three, and performance units that cliff after three years on organic revenue, adjusted EBITA and relative shareholder return. These have completely different risk profiles and should never be added together as one equity number.

05The option book is underwater against the merger price

At 30 June 2026 the weighted-average exercise price on 7.108 million outstanding options was $73.60, above both the $73.00 cash merger consideration and the $72.33 reference share price. Options struck at or above $73.00 receive no payment at closing, so a large part of the disclosed grant-date value will never convert into cash for its holders.

06The merger overrides the forward-looking answer

Pre-close design still governs outstanding awards, but new grants stop at the effective time, the purchase plan terminates, unvested awards generally convert to cash-based awards that continue vesting, and a $22 million retention pool sits over critical talent below Vice President. Anyone modelling a Bio-Techne package for 2027 is modelling a Merck package.

07The cash incentive is genuinely variable, at least for executives

FY2025 paid 86.4 to 145.0 percent of target across the named executives; FY2024 paid roughly 29 to 52 percent. A plan that can pay a third of target one year and a third above it the next is not a disguised salary, and the enterprise bonus expense fell from $32.8 million to $25.6 million between FY2025 and FY2026 accordingly.

08India and Australia carry a benchmark flag, not Bio-Techne pay

Neither bundle verified a significant direct employee office in either country. The official contact network lists an Australian distributor in Noble Park, Victoria, and the only India footprint evidence is Pune plus a New Delhi sales role. The columns are useful for comparability and must not be presented as a Bio-Techne salary sheet.

09United States evidence is far stronger than anywhere else

State pay-transparency rules put real employer ranges in public for scientific and leadership roles, which is why the Minneapolis and San Jose anchors are usable. The United Kingdom has a decent posting sample from Abingdon and Bristol. Everything else is a calibration factor applied to a United States median.

10Visa filings hide under a subsidiary name

Research and Diagnostic Systems, Inc. is the legal employer in the sampled labour condition applications. One research bundle found ten FY2025 filings under that name and the other found none searching for Bio-Techne, which is a textbook employer-name false negative rather than a genuine contradiction.

11Lateral versus internal pay gaps cannot be quantified

Public data cannot separate new-hire offers from incumbent salaries at matched level and location. A lateral premium is plausible in tight scientific and software markets, but no Bio-Techne-specific controlled dataset exists, so none is asserted.

12Acquisition history may fragment local titles

ProteinSimple, Novus Biologicals, Advanced Cell Diagnostics, Asuragen, Tocris and Lunaphore all operate under the Bio-Techne brand with their own legal entities. Filings never say whether their grading was harmonised, so a title at an acquired site may not carry the same scope as the same title at Minneapolis.

Research control

Bio-Techne's chief executive pay of $8.151 million sits mid-pack in this life-sciences tools set, close to Bio-Rad at $7.996 million, above Repligen at $6.115 million and Bruker at $4.706 million, and well below Waters at $13.973 million and Revvity at $13.810 million. Its 88.9:1 ratio is the second lowest in the set, but that is a function of a $91,707 median employee in a manufacturing and laboratory workforce rather than of executive restraint. On the employee side the ladder tops out low by technology standards, with the highest banded level here at $380,000 total, because Vice President and above are carried as executive tiers rather than as bands and because equity below leadership is selective rather than routine.

Evidence classification

LabelMeaningExamples and permitted use
VerifiedA Bio-Techne SEC filing, an official plan document, a government rule or an employer-posted salary range.Executive pay, equity plan mechanics, headcount, revenue, statutory benefits, board retainers and foreign-exchange rates.
ReportedA named third-party dataset with observable records, chiefly salary aggregators and the visa compilations.The Minneapolis and San Jose scientific anchors, the United Kingdom posting sample and the H-1B wage distribution.
ModeledThe Minneapolis anchor multiplied by a city calibration factor and the 25 August 2026 foreign-exchange snapshot, inside a planning envelope.Every market without a direct observation, the management band rows and every band-level equity and bonus target.
Not publicly disclosedNo source in either research bundle supports a figure.Recorded as such rather than estimated, including the 401(k) match rate, the employee bonus grid and every India and Australia Bio-Techne pay figure.

Explicit “Not publicly disclosed” index

A company-wide band, grade or salary matrix, and any minimum level for a recurring equity grant.
Employee bonus targets, payout percentages, cadence and rating multipliers outside the named executive plan.
The 401(k) match formula and vesting schedule, despite $6.0 million of disclosed plan contribution expense.
Employee counts by city, and therefore any ranking of Bio-Techne's 34 locations by headcount.
A numeric company-wide attrition rate, a salary hike percentage, a merit-effective month and a promotion hike matrix.
Bio-Techne-specific salary ranges anywhere in India or Australia, and any Bio-Techne pay observation in Germany, France, China, Japan, Singapore, New Zealand or the United Arab Emirates.
A reliable equity-pool utilisation percentage, because the disclosed reserve categories in the merger proxy and the Form 10-K are not like-for-like denominators.
Sales quota, commission and accelerator structures for commercial and field-applications roles.
Paid time off day counts by tenure and the number of employer-paid parental leave weeks in any market.
A three-year trend for median employee remuneration, since only the FY2025 figure of $91,707 is disclosed.

Known gaps and diligence before relying on a cell

  1. 1Vice President, SVP, EVP, segment president and Chief Executive Officer are deliberately excluded from the band rows. One bundle carried them as bands B12 to B14 with worldwide proxy values that are identical in every city table, which would drag every location's calibration factor toward 1.0 at the top of the ladder and produce an India cell priced on a United States chief executive salary. Those cohorts are carried in the executive and career-level sections instead, and the ladder stops at senior director.
  2. 2The bundle's published Minneapolis total for B1 and B2 sat about 5 percent above base plus target variable pay with no equity evidenced at those levels. Those two rows are rebuilt from components, so their totals here are $47,430 and $59,225 rather than the bundle's $50,000 and $63,000. Every other row's total is the bundle's own figure with the equity column set to the residual it implies.
  3. 3That residual is not always consistent with the same bundle's modelled grant ranges. At B9 the implied annual equity is $12,400 against a stated $20,000 to $75,000 range, and at B11 it is $58,900 against a stated $100,000 to $400,000 range. This report follows the total-compensation table because the city calibration factors are derived from it, and records the disagreement here rather than choosing the larger number.
  4. 4India and China compression is convex rather than linear, so a two-point interpolation cannot fit it exactly. The India factors here are a least-squares fit across all eleven bands, which places the junior end at 0.062 base and 0.068 total against directly computed values of 0.090 and 0.093, and the senior end at 0.330 and 0.336 against 0.361 and 0.352. Mid-ladder India cells therefore read a few points high and the extremes read low.
  5. 5Australia runs the opposite way from most offshore markets: statutory wage floors put entry pay at roughly parity with Minneapolis while senior pay sits around 0.78 of it. The Melbourne and Sydney factors are set to fall with seniority rather than rise, which is the reverse of the India and China pattern in the same table.
  6. 6The two bundles disagree on the equity reserve. One quotes 5,538,267 shares reserved for plan grants and 187,716 purchase plan shares from the August 2026 merger proxy; the other quotes 5.9 million available and 8.1 million outstanding from the FY2026 Form 10-K against a 9,936,808 share maximum. Both are carried with their source named because the categories are not equivalent.
  7. 7The bundles also disagree on the golden-parachute totals, at approximately $52.888 million and $52,809,876 for the chief executive, and on the chief financial officer's figure, where one gives about $15.165 million of equity value and the other a $17,801,650 total. The proxy-traceable figures are used and the difference is noted.
  8. 8H-1B evidence is contradictory. One bundle found ten FY2025 filings under Research and Diagnostic Systems, Inc. at an average of $103,927, the other found no usable Bio-Techne record at all. The section is included because the subsidiary-name records are traceable, but it should be read as thin rather than authoritative.
  9. 9India location evidence conflicts across bundles. One prices Bangalore and Mumbai as country benchmarks; the other says the only footprint evidence is Pune plus a New Delhi sales role. Pune is included here on the same India benchmark factors, which is a deliberate merge decision rather than a bundle figure.
  10. 10Sixteen of the thirty markets carry no direct Bio-Techne pay observation. Bad Nauheim, Nottingham and Flowery Branch appeared in one bundle as pure requested-location benchmarks and are omitted here to keep the market list to those with either a verified site or a defensible calibration.
  11. 11No employer-cost benefit load is applied anywhere. Where a bundle computes total reward as pay plus a notional employer benefit percentage, that is employer cost rather than compensation, and every total in this report is base plus target variable pay plus annualised equity only.

FX rates used — 1 USD equals, snapshot 2026-08-25

95.4176
INR
0.733579
GBP
1.397959
AUD
0.857486
EUR
0.802693
CHF
1.385954
CAD
6.719774
CNY
159.235123
JPY
1.27028
SGD
1.67958
NZD
3.6725
AED

Single-date conversion layer for comparability; it ignores payroll-date FX, tax, purchasing power, benefits valuation and hedging. Compensation intelligence, not legal, tax, investment, immigration or employment advice.

Source register — 22 sources

S1FY2026 Form 10-K · Bio-Techne Corporation · 2026-08-24. Headcount, net sales, locations, share-based compensation, option and unit roll-forward, plan reserves, benefit-plan expense and the pending Merck transaction.
S22025 Definitive Proxy Statement · Bio-Techne Corporation · 2025-09-19. FY2025 named executive compensation, incentive targets and outcomes, long-term incentive design, board retainers and the CEO pay ratio.
S3Bio-Techne and Merck KGaA definitive merger proxy · Bio-Techne Corporation · 2026-08-20. The $73.00 cash consideration, the 23 September 2026 special meeting, equity conversion, purchase plan wind-down, retention arrangements and golden-parachute estimates.
S4FY2026 fourth-quarter and full-year results release · Bio-Techne Corporation · 2026-08-24. FY2026 revenue, adjusted operating income, location count and the employee summary.
S52014 Employee Stock Purchase Plan · Bio-Techne Corporation · 2014-09-19. Section 423 design, the 85 percent purchase price, the share allocation and the holding condition.
S62020 Equity Incentive Plan and award forms · Bio-Techne Corporation · 2020-11-03. Award types permitted, option pricing and term, and the restricted stock unit award architecture.
S7Form 8-K on the Steve Crouse appointment · Bio-Techne Corporation · 2026-02-09. Segment president base salary, target bonus percentage and the split of the annual equity target.
S82025 Sustainability Report footprint · Bio-Techne Corporation · 2025. Employee locations beyond the material properties table, including Pune, Tokyo, Osaka and Singapore.
S9Contact, locations and distributor directory · Bio-Techne Corporation · 2026-08-26 access. Official location and contact evidence; identifies an Australian distributor in Noble Park, Victoria rather than an employee office.
S10Immunoassay Scientist posting, Minneapolis · ZipRecruiter listing of a Bio-Techne posting · 2026-08-06. The employer-provided $78,100 to $128,500 range that anchors the B4 band.
S11Staff Scientist, Process Optimization posting, San Jose · ZipRecruiter listing of a Bio-Techne posting · 2026-08-26 access. The employer-provided $115,100 to $189,200 range that anchors the B6 band.
S12Senior Director, Business Development posting · FlexJobs listing of a Bio-Techne posting · 2025-07-02. The employer-provided $193,100 to $317,300 range and confirmation of bonus eligibility at B11.
S13United Kingdom postings for Abingdon and Bristol · Indeed, Glassdoor and Bio-Techne Workday listings · 2026-08-26 access. The £19,600 to £99,580 United Kingdom posting sample supporting the 0.70 to 0.78 calibration.
S14Bio-Techne salary and benefit pages · Glassdoor, Indeed and Levels.fyi · 2026-08-26 access. Sparse employee-reported cross-checks on total compensation and the inconsistent 401(k) match reports.
S15Research and Diagnostic Systems H-1B profile · MyVisaJobs · 2026-08-26 access. The FY2023 to FY2026 labour condition application counts, average salaries and the FY2025 role sample.
S16Bio-Techne visa sponsorship dataset · FrogHire · 2026-08-26 access. The contradicting result showing no H-1B records for the parent name, recorded as an employer-name false negative.
S17SEC Forms 4 for Kelderman, Hippel, Geist and Bohnen · United States Securities and Exchange Commission · 2026-07-23 to 2026-08-19. Every insider transaction in this report, including the August 2026 grants, the vesting settlements and the tax withholdings.
S18Peer proxy statements for Bio-Rad, Revvity, Bruker, Waters and Repligen · United States Securities and Exchange Commission · 2026. The peer chief executive totals, median employee figures and pay ratios used in the positioning comparison.
S19EPFO Provident Fund scheme and Ministry of Labour compliance handbook · Government of India · 2026. The 12 percent provident fund basis, the gratuity framework and the 26-week maternity entitlement.
S20Fair Work Ombudsman and Australian Taxation Office guidance · Government of Australia · 2026-08-26 access. The 12 percent superannuation guarantee from 1 July 2025, four weeks annual leave and the unpaid parental leave entitlement.
S21UK Government holiday entitlement and Pensions Regulator contribution guidance · Government of the United Kingdom · 2026-08-26 access. The 5.6-week statutory holiday minimum and the 8 percent minimum workplace pension contribution.
S22Central bank exchange-rate snapshots · European Central Bank, Reserve Bank of Australia, People's Bank of China and Central Bank of the UAE · 2026-08-25. The single frozen foreign-exchange snapshot used for every conversion in this report.

Recent News & Workforce Trend

Bio-Techne's compensation news in 2026 is dominated by one event. The Merck KGaA acquisition at $73.00 a share reshapes equity, retention and the forward-looking package, and every other development should be read against it.

~3,000
FY2026 employees
At 30 June 2026, about 2,200 in the United States and 800 elsewhere, across 34 disclosed locations.
~3,100
FY2025 employees
At 30 June 2025. The FY2026 Form 10-K says attrition was significantly reduced without giving a rate, so the decline is not decomposed into leavers and hiring.

Bio-Techne does not publish quarterly net additions, an attrition percentage, city-level headcount or a three-year median employee remuneration trend in a comparable format, so the two data points above are the entire disclosed workforce series. The only median employee figure available anywhere is the FY2025 proxy's $91,707.

24 Aug 2026
FY2026 Form 10-K filed with expanded option eligibility confirmed

Approximately 3,000 employees and $1.215 billion of net sales, with the FY2026 equity roll-forward becoming the current baseline: 7.108 million options outstanding at $73.60, 1.025 million restricted stock units outstanding, 5.9 million shares available for grant and $41.8 million of stock compensation expense. The filing states that stock option eligibility has been expanded deeper into the organisation.

FY2026 Form 10-K
20 Aug 2026
Definitive merger proxy sets a 23 September 2026 special meeting

Confirms the $73.00 per share cash price, the equity conversion mechanics, the purchase plan wind-down, the retention pool and the change-in-control amounts. Closing was expected in late 2026 or early 2027 subject to conditions, and at the effective time the 2020 plan stops issuing new awards.

Bio-Techne and Merck KGaA definitive merger proxy
17 Aug 2026
Large transaction-period restricted stock unit grants to the top three officers

Zero-price compensatory awards of 151,172 units to the chief executive, 58,897 to the chief financial officer and 29,776 to the general counsel, worth roughly $17.3 million combined at the reference price. Vesting remains subject to both the award terms and the merger conversion rules.

SEC Forms 4 filed 19 August 2026
12 Aug 2026
FY2026 results show flat adjusted earnings

Revenue of $1.215 billion with adjusted earnings per share broadly flat, which is the operating context for the FY2026 incentive outcome and for the $25.6 million cash bonus expense, down from $32.8 million in FY2025.

FY2026 fourth-quarter and full-year results release
25 Jun 2026
Merck KGaA agrees to acquire Bio-Techne for $73.00 a share in cash

The transaction that changes every forward-looking compensation assumption. Vested in-the-money options are expected to be cashed out for the spread, unvested awards generally convert to cash-based awards that continue vesting, and options struck at or above $73.00 receive no payment.

FY2026 Form 10-K and the merger proxy
23 Jun 2026
Retention programme approved, including a $22 million below-Vice-President pool

The Compensation Committee approved executive, Senior Vice President and Vice President retention arrangements alongside a $22 million pool for critical talent below Vice President, plus 300,000 shares of delegated FY2027 equity grant capacity for non-insiders. Named executive retention ran from $910,263 to $2,120,976.

Bio-Techne and Merck KGaA merger proxy
1 Mar 2026
Steve Crouse becomes President of Diagnostics and Spatial Biology

His disclosed employment terms are the clearest public window into segment-president design: a $505,000 base, a 75 percent target bonus and about $1.2 million of annual target equity split $300,000 options, $300,000 time restricted stock units and $600,000 of target performance units.

Form 8-K dated 9 February 2026
19 Sep 2025
FY2025 proxy discloses $8.151 million chief executive pay at an 88.9:1 ratio

The last ordinary Summary Compensation Table Bio-Techne has published. FY2025 incentive payouts ran from 86.4 to 145.0 percent of target after roughly 29 to 52 percent in FY2024, and the long-term incentive target mix was 50 percent performance-based and 50 percent time-based.

2025 definitive proxy statement
Last updated 2026-08-27