Companies Warrior MET Coal, Inc
Warrior MET Coal (HCC): executive pay, fiscal 2025
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CEO pay, last three years
- $6,667,795FY2023
- $7,908,650FY2024
- $7,336,513FY2025
CEO total pay was $7,336,513 in fiscal 2025, down from $7,908,650 in fiscal 2024.
FY2025: salary $900,000 · bonus $0 · stock awards $4,121,831 · option awards $0
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Walter Scheller III | $900,000 | $0 | $4,121,831 | $0 | $2,011,725 | $0 | $302,957 | $7,336,513 |
| Chief Executive Officer | ||||||||
| Jack Richardson | 575,900 | 0 | 1,470,322 | 0 | 1,029,824 | 0 | 124,798 | 3,200,845 |
| Chief Operating Officer | ||||||||
| Dale Boyles | 495,957 | 0 | 1,228,539 | 0 | 886,870 | 0 | 131,725 | 2,743,091 |
| Chief Financial Officer | ||||||||
| Kelli Gant | 438,900 | 0 | 989,297 | — | 667,115 | 0 | 122,311 | 2,217,622 |
| Chief Administrative Officer and Corporate Secretary | ||||||||
| Charles Lussier | 398,303 | 0 | 772,723 | 0 | 569,796 | 0 | 90,944 | 1,831,766 |
| Chief Commercial Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Walter Scheller III | $7,336,513 | $7,908,650 | $6,667,795 | ↓ −572,137 |
| Jack Richardson | 3,200,845 | 3,363,825 | 2,864,828 | ↓ −162,980 |
| Dale Boyles | 2,743,091 | 2,910,669 | 2,544,820 | ↓ −167,578 |
| Kelli Gant | 2,217,622 | 2,334,989 | 1,982,710 | ↓ −117,367 |
| Charles Lussier | 1,831,766 | 1,907,071 | 1,652,210 | ↓ −75,305 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | — |
| Anti-hedging | — |
| Anti-pledging | — |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Dale Boyles | PSU | 2025-02-10 | 2,207 | 4,414 | — | 8,828 | $263,383 |
| Dale Boyles | PSU | 2025-02-10 | 2,671 | 5,341 | — | 10,683 | 307,748 |
| Dale Boyles | RSU | 2025-02-10 | — | — | 5,341 | — | 285,156 |
| Dale Boyles | PSU | 2025-02-10 | 3,392 | 6,783 | — | 13,566 | 372,251 |
| Kelli Gant | RSU | 2025-02-10 | — | — | 4,316 | — | 230,431 |
| Charles Lussier | RSU | 2025-02-10 | — | — | 3,450 | — | 184,196 |
| Jack Richardson | PSU | 2025-02-10 | 3,934 | 7,868 | — | 15,736 | 431,796 |
| Jack Richardson | PSU | 2025-02-10 | 3,236 | 6,472 | — | 12,944 | 372,917 |
| Walter Scheller III | PSU | 2025-02-10 | 9,552 | 19,105 | — | 38,209 | 1,100,830 |
| Walter Scheller III | PSU | 2025-02-10 | 11,912 | 23,824 | — | 47,648 | 1,307,461 |
| Kelli Gant | PSU | 2025-02-10 | 2,722 | 5,444 | — | 10,888 | 298,767 |
| Charles Lussier | PSU | 2025-02-10 | 1,725 | 3,450 | — | 6,901 | 198,789 |
| Jack Richardson | PSU | 2025-02-10 | 2,682 | 5,364 | — | 10,728 | 320,070 |
| Walter Scheller III | PSU | 2025-02-10 | 7,948 | 15,896 | — | 31,792 | 948,514 |
| Walter Scheller III | RSU | 2025-02-10 | — | — | 14,329 | — | 765,025 |
| Charles Lussier | PSU | 2025-02-10 | 1,402 | 2,803 | — | 5,606 | 167,255 |
| Kelli Gant | PSU | 2025-02-10 | 1,772 | 3,543 | — | 7,086 | 211,411 |
| Jack Richardson | RSU | 2025-02-10 | — | — | 6,472 | — | 345,540 |
| Kelli Gant | PSU | 2025-02-10 | 2,158 | 4,316 | — | 8,632 | 248,688 |
| Charles | PSU | 2025-02-10 | 2,027 | 4,054 | — | 8,108 | 222,484 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Dale Boyles | $285,156 | $943,382 | $0 | 76.8% |
| Kelli Gant | 230,431 | 758,866 | 0 | 76.7% |
| Charles Lussier | 184,196 | 366,044 | 0 | 66.5% |
| Jack Richardson | 345,540 | 1,124,783 | 0 | 76.5% |
| Walter Scheller III | 765,025 | 3,356,805 | 0 | 81.4% |
| Charles | 0 | 222,484 | 0 | 100.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Charles Lussier | RSU | 1,352 | — | $119,206 |
| Kelli Gant | RSU | 1,815 | — | 160,029 |
| Charles Lussier | RSU | 1,869 | — | 164,790 |
| Dale Boyles | RSU | 2,261 | — | 199,352 |
| Kelli Gant | RSU | 2,362 | — | 208,258 |
| Jack Richardson | RSU | 2,623 | — | 231,270 |
| Charles Lussier | PSU | 2,803 | — | 247,141 |
| Dale Boyles | RSU | 2,943 | — | 259,484 |
| Charles Lussier | RSU | 3,450 | — | 304,187 |
| Kelli Gant | PSU | 3,543 | — | 312,386 |
| Jack Richardson | RSU | 3,576 | — | 315,296 |
| Kelli Gant | RSU | 4,316 | — | 380,542 |
| Dale Boyles | PSU | 4,414 | — | 389,182 |
| Dale Boyles | RSU | 5,341 | — | 470,916 |
| Jack Richardson | PSU | 5,365 | — | 496,838 |
| Walter Scheller III | RSU | 5,956 | — | 525,141 |
| Jack Richardson | RSU | 6,472 | — | 570,636 |
| Charles Lussier | PSU | 6,901 | — | 608,461 |
| Walter Scheller III | RSU | 7,949 | — | 700,863 |
| Kelli Gant | PSU | 8,632 | — | 761,083 |
| Dale Boyles | PSU | 10,683 | — | 941,920 |
| Jack Richardson | PSU | 12,944 | — | 1,141,272 |
| Walter Scheller III | RSU | 14,329 | — | 1,263,388 |
| Walter Scheller III | PSU | 15,897 | — | 1,401,638 |
| Walter Scheller III | PSU | 38,209 | — | 3,368,888 |
| Charles Lussier | RSU | 597,453 | — | 52,677,416 |
| Kelli Gant | RSU | 658,350 | — | 58,046,662 |
| Dale Boyles | RSU | 743,936 | — | 65,592,715 |
| Jack Richardson | RSU | 863,850 | — | 76,165,622 |
| Dale Boyles | RSU | 1,600,000 | — | 141,071,738 |
| Kelli Gant | RSU | 1,600,000 | — | 141,071,860 |
| Walter Scheller III | RSU | 1,600,000 | — | 141,071,934 |
| Jack Richardson | RSU | 1,600,000 | — | 141,071,941 |
| Charles Lussier | RSU | 1,600,000 | — | 141,071,961 |
| Charles Lussier | RSU | 2,568,098 | — | 226,429,137 |
| Kelli Gant | RSU | 2,706,015 | — | 238,589,106 |
| Dale Boyles | RSU | 2,982,827 | — | 262,995,368 |
| Jack Richardson | RSU | 3,205,724 | — | 282,648,566 |
| Dale Boyles | RSU | 4,000,000 | — | 352,679,345 |
| Kelli Gant | RSU | 4,000,000 | — | 352,679,650 |
| Jack Richardson | RSU | 4,000,000 | — | 352,679,852 |
| Charles Lussier | RSU | 4,000,000 | — | 352,679,901 |
| Walter Scheller III | RSU | 4,511,725 | — | 397,798,606 |
| Walter Scheller III | RSU | 5,800,000 | — | 511,385,759 |
| Walter Scheller III | RSU | 9,818,498 | — | 865,696,561 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| J. Brett HarveyIndependent · Board Chair · Compensation (Chair) · Nominating and Corporate Governance · Audit · NCG | $197,500 | $149,952 | $0 | — | $0 | $347,452 |
| Lisa M. SchnorrIndependent · Audit · Compensation · Nominating and Corporate Governance (Chair) · HRC · NCG (Chair) | 135,000 | 124,952 | 0 | — | 0 | 259,952 |
| Alan H. SchumacherIndependent · Audit · Compensation · HRC | 132,500 | 124,952 | 0 | — | 0 | 257,452 |
| Stephen D. WilliamsIndependent · SEHS (Chair) · Sustainability, Environmental, Health and Safety (Chair) | 117,500 | 124,952 | 0 | — | 0 | 242,452 |
| Kimberly Y. ChaineyIndependent · Audit · Nominating and Corporate Governance · NCG · SEHS · Sustainability, Environmental, Health and Safety · Newly elected | 95,000 | 124,952 | 0 | — | 0 | 219,952 |
| Ana B. AmicarellaNot standing for re-election | 33,084 | 0 | 0 | — | 0 | 33,084 |
| Walter J. Scheller IIIEmployee director · Sustainability, Environmental, Health and Safety | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $100,000 |
|---|---|
| Annual equity retainer | $125,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 25,000 / 17,500 / 17,500 |
| Stock ownership guideline | $5 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $710,584 |
| Equity awards (grant-date value) | $649,760 |
| All other compensation | $0 |
| Total cost of the board | $1,360,344 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Warrior MET Coal as a peer
Companies that benchmark against HCC
5 companies name HCC as a compensation peer
- ALLIANCE RESOURCE PARTNERS LPARLPFY2025
- Alpha Metallurgical Resources, Inc.AMRFY2025
- CENTURY ALUMINUM COCENXFY2025
- Core Natural Resources, Inc.CNRFY2025
- OLYMPIC STEEL INCZEUSFY2024
- PEABODY ENERGY CORPBTUFY2025
- SunCoke Energy, Inc.SXCFY2025
Each company listed discloses HCC in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named HCC in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Peer reciprocity
The companies Warrior MET Coal, Inc names as compensation peers that name it back in their own disclosed peer groups.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Arch Resources, Inc. | 2025 | Adam Goldstein | $750,000 | $9,897,947 | $0 | $750,000 | $11,397,947 |
| 2 | Warrior MET Coal, Inc | 2025 | Walter Scheller III | 900,000 | 4,121,831 | 0 | 2,011,725 | 7,336,513 |
| 3 | Materion Corporation | 2025 | Jugal Vijayvargiya | 982,693 | 2,960,100 | 779,921 | 0 | 4,794,902 |
| 4 | Alpha Metallurgical Resources, Inc. | 2025 | C. Andrew Eidson | 943,846 | 2,660,357 | 0 | 520,956 | 4,167,842 |
| — | Kaiser Aluminum Corporation | — | — | — | — | — | — | not in coverage universe |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Warrior MET Coal, Inc | not disclosed | not disclosed | not disclosed | not disclosed |
| Alpha Metallurgical Resources, Inc. | not disclosed | RSU 50 · PSU 50 | not disclosed | Meridian |
| Arch Resources, Inc. | 100% | not disclosed | Yes — Relative TSR | Compensia |
| Kaiser Aluminum Corporation | not disclosed | not disclosed | not disclosed | not disclosed |
| Materion Corporation | not disclosed | PSU 75 | No | Frederic W. Cook & Co., Inc. |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-04-20 | 43,732,168 | 928,162 | 17,389 | 97.92% | Passed |
| 2025 | 2025-04-23 | 41,476,657 | 3,845,118 | 64,215 | 91.52% | Passed |
| 2024 | 2024-04-25 | 27,530,647 | 14,176,211 | 175,221 | 66.01% | Passed |
| 2023 | 2023-04-25 | 26,257,036 | 12,617,343 | 89,284 | 67.54% | Passed |
| 2022 | 2022-04-26 | 29,604,306 | 7,922,390 | 101,861 | 78.89% | Passed |
| 2021 | 2021-04-27 | 42,523,309 | 374,040 | 129,519 | 99.13% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-04-20 | 97.92%a |
| 2025 | 2025-04-23 | 91.52%b |
| 2024 | 2024-04-25 | 66.01%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Voting standard not stated in the filing.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 57 : 1 |
|---|---|
| CEO total compensation | $7,336,513 |
| Median employee compensation | $127,757 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (44 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Walter Scheller III. DEF 14A, filed 2026-03-10. Section “Summary Compensation Table” · page 60. As printed: 7,336,513. View filing ↗
- Section 01, Jack Richardson. DEF 14A, filed 2026-03-10. Section “Summary Compensation Table” · page 60. As printed: 3,200,845. View filing ↗
- Section 01, Dale Boyles. DEF 14A, filed 2026-03-10. Section “Summary Compensation Table” · page 60. As printed: 2,743,091. View filing ↗
- Section 01, Kelli Gant. DEF 14A, filed 2026-03-10. Section “Summary Compensation Table” · page 60. As printed: 2,217,622. View filing ↗
- Section 01, Charles Lussier. DEF 14A, filed 2026-03-10. Section “Summary Compensation Table” · page 60. As printed: 1,831,766. View filing ↗
- Section 03, Dale Boyles PSU. DEF 14A, filed 2026-03-10. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Dale Boyles PSU. DEF 14A, filed 2026-03-10. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Dale Boyles RSU. DEF 14A, filed 2026-03-10. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Dale Boyles PSU. DEF 14A, filed 2026-03-10. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Kelli Gant RSU. DEF 14A, filed 2026-03-10. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Charles Lussier RSU. DEF 14A, filed 2026-03-10. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Jack Richardson PSU. DEF 14A, filed 2026-03-10. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Jack Richardson PSU. DEF 14A, filed 2026-03-10. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Walter Scheller III PSU. DEF 14A, filed 2026-03-10. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Walter Scheller III PSU. DEF 14A, filed 2026-03-10. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Kelli Gant PSU. DEF 14A, filed 2026-03-10. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Charles Lussier PSU. DEF 14A, filed 2026-03-10. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Jack Richardson PSU. DEF 14A, filed 2026-03-10. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Walter Scheller III PSU. DEF 14A, filed 2026-03-10. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Walter Scheller III RSU. DEF 14A, filed 2026-03-10. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Charles Lussier PSU. DEF 14A, filed 2026-03-10. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Kelli Gant PSU. DEF 14A, filed 2026-03-10. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Jack Richardson RSU. DEF 14A, filed 2026-03-10. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Kelli Gant PSU. DEF 14A, filed 2026-03-10. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Charles PSU. DEF 14A, filed 2026-03-10. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-03-10. Section “CEO Pay Ratio”. As printed: 57 : 1. View filing ↗
- Section 08, J. Brett Harvey. DEF 14A, filed 2026-03-10. Section “Director Compensation”. As printed: 347,452. View filing ↗
- Section 08, Lisa M. Schnorr. DEF 14A, filed 2026-03-10. Section “Director Compensation”. As printed: 259,952. View filing ↗
- Section 08, Alan H. Schumacher. DEF 14A, filed 2026-03-10. Section “Director Compensation”. As printed: 257,452. View filing ↗
- Section 08, Stephen D. Williams. DEF 14A, filed 2026-03-10. Section “Director Compensation”. As printed: 242,452. View filing ↗
- Section 08, Kimberly Y. Chainey. DEF 14A, filed 2026-03-10. Section “Director Compensation”. As printed: 219,952. View filing ↗
- Section 08, Ana B. Amicarella. DEF 14A, filed 2026-03-10. Section “Director Compensation”. As printed: 33,084. View filing ↗
- Section 08, Walter J. Scheller III. DEF 14A, filed 2026-03-10. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-04-21. Item 5.07 · say-on-pay result. As reported: 97.92% (votes for as printed: 43,732,168). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-04-24. Item 5.07 · say-on-pay result. As reported: 91.52% (votes for as printed: 41,476,657). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-04-29. Item 5.07 · say-on-pay result. As reported: 66.01% (votes for as printed: 27,530,647). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 710,584 + equity 649,760 + all other 0 = 1,360,344, summed across the director compensation table rows.
- Arch Resources, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Arch Resources, Inc.'s own proxy. As printed: 11,397,947. View filing ↗
- Warrior MET Coal, Inc (subject), Section 10b CEO total. DEF 14A, filed 2026-03-10. CEO total compensation as printed in Warrior MET Coal, Inc's own proxy. As printed: 7,336,513. View filing ↗
- Materion Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Materion Corporation's own proxy. As printed: 4,794,902. View filing ↗
- Alpha Metallurgical Resources, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Alpha Metallurgical Resources, Inc.'s own proxy. As printed: 4,167,842. View filing ↗
- Section 10a, Alpha Metallurgical Resources, Inc. reciprocity. DEF 14A. Alpha Metallurgical Resources, Inc. names Warrior MET Coal, Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗