Companies NOVAGOLD RESOURCES INC
NOVAGOLD RESOURCES (NG): executive pay, fiscal 2025
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CEO pay, last three years
- $5,148,848FY2023
- $5,027,900FY2024
- $5,216,220FY2025
CEO total pay was $5,216,220 in fiscal 2025, up from $5,027,900 in fiscal 2024.
FY2025: salary $883,250 · bonus $0 · stock awards $1,633,905 · option awards $1,611,675
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Executives and directors
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 |
|---|---|---|---|---|---|---|---|---|
| Gregory Lang | $883,250 | $0 | $1,633,905 | $1,611,675 | $1,029,278 | $0 | $58,112 | $5,216,220 |
| President and CEO | ||||||||
| Peter Adamek | 411,000 | 0 | 506,709 | 1,084,980 | 375,744 | 0 | 35,712 | 2,414,145 |
| Vice President and CFO | ||||||||
| Richard Williams | 446,416 | 0 | 550,809 | 543,075 | 418,860 | 0 | 29,690 | 1,988,850 |
| Vice President and COO | ||||||||
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 |
|---|---|---|---|---|
| Gregory Lang | $5,216,220 | $5,027,900 | $5,148,848 | ↑ +188,320 |
| Peter Adamek | 2,414,145 | 683,473 | — | ↑ +1,730,672 |
| Richard Williams | 1,988,850 | 1,939,446 | — | ↑ +49,404 |
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
The Company is committed to aligning management compensation with Shareholder interests through performance-based compensation. Because Donlin Gold is in the development stage, the Company is not able to use typical operating company metrics as the basis for performance-based components.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Mercer (Canada) Limited |
| Clawback policy | — |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Richard Williams | Option | 47,566 | 5.77 | — |
| Richard Williams | PSU | 60,300 | — | 614,457 |
| Richard Williams | PSU | 107,800 | — | 1,098,482 |
| Peter Adamek | PSU | 114,900 | — | 1,170,831 |
| Richard Williams | PSU | 124,900 | — | 1,272,731 |
| Richard Williams | Option | 165,800 | 4.2 | — |
| Gregory Lang | Option | 206,533 | 5.77 | — |
| Peter Adamek | Option | 256,400 | 4.35 | — |
| Gregory Lang | PSU | 262,000 | — | 2,669,780 |
| Richard Williams | Option | 278,500 | 4.35 | — |
| Peter Adamek | Option | 300,000 | 4.35 | — |
| Gregory Lang | PSU | 370,500 | — | 3,775,395 |
| Gregory Lang | PSU | 374,400 | — | 3,815,136 |
| Gregory Lang | Option | 575,933 | 4.2 | — |
| Gregory Lang | Option | 826,500 | 4.35 | — |
Director compensation
No director compensation table is on file for fiscal year 2025.
Board fee structure and ownership guideline
| Annual cash retainer | $42,800 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | $3 |
Peer group, and who names NOVAGOLD RESOURCES as a peer
Companies that benchmark against NG
No companies currently name NG as a compensation peer in their most recent disclosure.
This is the complete answer, not a partial one — the list is never padded.
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
Of the companies NOVAGOLD RESOURCES INC names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
Reciprocity shown where the peer’s own current proxy has been read — each mark is cited in the register to that peer’s filing. A dash means the peer’s current proxy was read and names no reciprocal group including NOVAGOLD RESOURCES INC.
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 | Market | 2025 | Jack Sinclair | $1,289,000 | $4,888,121 | $1,700,085 | $3,615,645 | $11,517,223 |
| 2 | Coeur Mining, Inc. | 2025 | Mitchell Krebs | 850,000 | 4,223,336 | 0 | 1,413,125 | 6,646,601 |
| 3 | Centerra Gold Inc. | 2025 | William Heissenbuttel | 918,000 | 2,759,437 | 0 | 1,400,000 | 5,230,084 |
| 4 | NOVAGOLD RESOURCES INC | 2025 | Gregory Lang | 883,250 | 1,633,905 | 1,611,675 | 1,029,278 | 5,216,220 |
| 5 | Silver | 2025 | Richard Hough III | 900,000 | 0 | 1,600,000 | 0 | 4,039,647 |
| — | Equinox Gold Corp. | — | — | — | — | — | — | 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 |
|---|---|---|---|---|
| NOVAGOLD RESOURCES INC | not disclosed | not disclosed | not disclosed | Mercer (Canada) Limited |
| Centerra Gold Inc. | 138.6% | RSU 50 · PSU 50 | Yes — TSR Relative to Certain Enumerated Precious Metals Companies | WTW |
| Coeur Mining, Inc. | 133% | PSU 60 · RSU 40 | Yes — Three-Year Change in Relative Total Shareholder Return (rTSR) | Meridian |
| Equinox Gold Corp. | not disclosed | not disclosed | not disclosed | not disclosed |
| Market | 187% | PSU 50 · RSU 25 · Option 25 | No | Meridian |
| Silver | not disclosed | not disclosed | not disclosed | not disclosed |
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 | 2026-05-14 | 214,048,542 | 81,376,553 | 613,406 | 72.45% | Passed |
| 2025 | 2025-05-15 | 180,443,860 | 73,007,164 | 1,939,929 | 71.19% | Passed |
| 2024 | 2024-05-16 | 209,392,810 | 39,591,494 | 1,124,200 | 84.1% | Passed |
| 2023 | 2023-05-18 | 253,638,153 | 13,317,773 | 503,364 | 95.01% | Passed |
| 2022 | 2022-05-18 | 248,235,710 | 10,953,539 | 1,288,485 | 95.77% | Passed |
| 2021 | 2021-05-12 | 209,570,570 | 6,849,714 | 692,942 | 96.83% | 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 | 2026-05-14 | 72.45%a |
| 2025 | 2025-05-15 | 71.19%b |
| 2024 | 2024-05-16 | 84.1%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.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (15 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, Gregory Lang. DEF 14A, filed 2026-03-25. Section “Summary Compensation Table”. As printed: 5,216,220. View filing ↗
- Section 01, Peter Adamek. DEF 14A, filed 2026-03-25. Section “Summary Compensation Table”. As printed: 2,414,145. View filing ↗
- Section 01, Richard Williams. DEF 14A, filed 2026-03-25. Section “Summary Compensation Table”. As printed: 1,988,850. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-19. Item 5.07 · say-on-pay result. As reported: 72.45% (votes for as printed: 214,048,542). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-20. Item 5.07 · say-on-pay result. As reported: 71.19% (votes for as printed: 180,443,860). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-21. Item 5.07 · say-on-pay result. As reported: 84.1% (votes for as printed: 209,392,810). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Market, Section 10b CEO total. DEF 14A, filed 2026-04-07. CEO total compensation as printed in Market's own proxy. As printed: 11,517,223. View filing ↗
- Coeur Mining, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Coeur Mining, Inc.'s own proxy. As printed: 6,646,601. View filing ↗
- Centerra Gold Inc., Section 10b CEO total. DEF 14A, filed 2026-04-03. CEO total compensation as printed in Centerra Gold Inc.'s own proxy. As printed: 5,230,084. View filing ↗
- NOVAGOLD RESOURCES INC (subject), Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in NOVAGOLD RESOURCES INC's own proxy. As printed: 5,216,220. View filing ↗
- Silver, Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Silver's own proxy. As printed: 4,039,647. View filing ↗
- Section 10a, Market reciprocity. DEF 14A. Market's most recent proxy was read; its disclosed peer group does not include NOVAGOLD RESOURCES INC. View filing ↗
- Section 10a, Coeur Mining, Inc. reciprocity. DEF 14A. Coeur Mining, Inc.'s most recent proxy was read; its disclosed peer group does not include NOVAGOLD RESOURCES INC. View filing ↗
- Section 10a, Centerra Gold Inc. reciprocity. DEF 14A. Centerra Gold Inc.'s most recent proxy was read; its disclosed peer group does not include NOVAGOLD RESOURCES INC. View filing ↗