UR-Energy (URG): executive pay, fiscal 2025

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CEO total pay$839,741CEO Matthew Gili · source

Say-on-pay support97.63%Latest vote · source

CEO vs. named peers40th pct.Of 7 peer CEOs

CEO pay ratio4:1To the median employee · source

CEO pay, last three years

$839,741FY2025

CEO total pay was $839,741 in fiscal 2025; the brief holds no earlier figure for this CEO.

FY2025: salary $209,443 · bonus $218,225 · stock awards $89,729 · option awards $287,546

Executives and directors

John Cash · President and CEO Matthew Gili · CEO Roger Smith · CFO Steven Hatten · COO Elmer W. Dyke · Independent Director Gary C. Huber · Independent Director John Paul Pressey · Independent Director Kathy E. Walker · Independent Director Rob Chang · Independent Director Thomas H. Parker · Lead Independent Director

Frequently asked questions

Who was the highest-paid executive at UR-Energy in fiscal 2025?

As disclosed, John Cash (President and CEO) was the highest-paid executive at UR-Energy in fiscal 2025, with total compensation of $1,327,195.

How does UR-Energy's chief executive pay compare to its disclosed peer group?

As disclosed, Matthew Gili's total compensation ranked at the 40th percentile of UR-Energy's disclosed peer group.

What is UR-Energy's CEO-to-median employee pay ratio?

As disclosed, UR-Energy's CEO-to-median employee pay ratio was 4:1.

How did shareholders vote on UR-Energy's executive compensation?

As disclosed, 97.63% of shareholders supported UR-Energy's executive compensation in the latest say-on-pay vote.

How much does UR-Energy spend in total on board compensation for fiscal 2025?

As disclosed, UR-Energy reported total board compensation of $658,150 for fiscal 2025.

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
John Cash	$583,805	$454,178	$94,074	$186,689	$0	$0	$8,449	$1,327,195
President and CEO
Matthew Gili	209,443	218,225	89,729	287,546	0	0	34,798	839,741
President and CEO
Steven Hatten	399,733	260,105	55,941	111,017	0	0	4,872	831,668
Chief Operating Officer
Roger Smith	394,542	256,721	55,215	109,571	0	0	11,420	827,469
Chief Financial 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
John Cash	$1,327,195	$1,010,565	$1,133,845	↑ +316,630
Matthew Gili	839,741	—	—	—
Steven Hatten	831,668	714,994	746,935	↑ +116,674
Roger Smith	827,469	739,100	741,070	↑ +88,369

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 compensation program is designed to motivate executive officers and employees to achieve pre-determined objectives without taking excessive risks; provide competitive base salary compensation and benefit programs to attract and retain highly qualified executives and employees; encourage an ownership mentality; and fundamentally to support the achievement of results.

CEO STI target (% of salary)	—
CEO LTI target (% of salary)	—
Independent consultant	Zayla
Clawback policy	—
Anti-hedging	—
Anti-pledging	—

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
Roger Smith	RSU	35,788	—	$49,089
Steven Hatten	RSU	36,259	—	49,735
Roger Smith	Option	36,512	2.06	—
Steven Hatten	Option	36,993	2.06	—
Roger Smith	RSU	37,579	—	51,546
Steven Hatten	RSU	38,073	—	52,223
Roger Smith	Option	38,910	1.55	—
Steven Hatten	Option	39,421	1.55	—
Matthew Gili	RSU	61,069	—	83,766
Roger Smith	Option	95,432	1.77	—
Steven Hatten	Option	96,690	1.77	—
Roger Smith	Option	150,312	2.02	—
Steven Hatten	Option	152,295	2.02	—
Matthew Gili	Option	175,000	1.72	—
Matthew Gili	Option	244,275	2.02	—

Director compensation

Director	Cash fees	Stock awards	Option awards	Non-equity incentive	All other	Total
John Paul PresseyIndependent · Audit (Chair)	$75,000	$33,650	$66,774	$0	$0	$175,424
Gary C. HuberIndependent · Corporate Governance Nominating (Chair)	75,000	33,650	66,774	0	0	175,424
Elmer W. DykeIndependent · Health, Safety and Environment Technical (Chair)	75,000	33,650	66,774	0	0	175,424
Rob ChangIndependent · Treasury and Investment (1) (Chair)	75,000	33,650	66,774	0	0	175,424
Thomas H. ParkerIndependent · Lead Independent Director	75,000	33,650	66,774	0	0	175,424
Kathy E. WalkerIndependent · Compensation (Chair)	75,000	33,650	66,774	0	0	175,424
John W. CashEmployee director · Board Chair	6,250	0	0	0	0	6,250
Matthew D. GiliEmployee director · Newly elected	—	—	—	—	—	0

Board fee structure and ownership guideline

Annual cash retainer	$75,000
Annual equity retainer	—
Per board meeting fee	$0
Committee chair fees (audit / comp / nom-gov)	—
Stock ownership guideline	$225,000

Total cost of the board

Component	FY2025
Cash retainers and fees	$456,250
Equity awards (grant-date value)	$201,900
All other compensation	$0
Total cost of the board	$658,150

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names UR-Energy as a peer

Companies that benchmark against URG

2 companies name URG as a compensation peer

CENTRUS ENERGY CORPLEUFY2025
URANIUM ENERGY CORPUECFY2025

Each company listed discloses URG 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 URG 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.

CLNE Energy Fuels Inc.NB NioCorp Developments Ltd. Americas Gold and Silver CorporationUEC Uranium Energy Corp.EPM Evolution Petroleum Corp.GORO Gold Resource CorporationEU enCore Energy Corp.

Peer reciprocity

The companies UR-Energy names as compensation peers that name it back in their own disclosed peer groups.

Uranium Energy Corp. (UEC)²⁵

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	Uranium Energy Corp.	2025	Amir Adnani	$660,000	$3,998,055	$0	$1,452,000	$6,356,248
2	Energy Fuels Inc.	2025	Andrew Littlefair	787,062	947,868	0	867,973	2,698,546
3	Evolution Petroleum Corp.	2026	Kelly Loyd	390,000	411,679	0	119,250	973,473
4	UR-Energy	2025	Matthew Gili	209,443	89,729	287,546	0	839,741
5	Gold Resource Corporation	2024	Allen Palmiere	495,000	302,239	0	0	817,354
6	NioCorp Developments Ltd.	2025	Mark Smith	325,000	0	126,000	0	451,000
—	enCore Energy 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
UR-Energy	not disclosed	not disclosed	not disclosed	Zayla
enCore Energy Corp.	not disclosed	not disclosed	not disclosed	not disclosed
Energy Fuels Inc.	111%	RSU 50 · PSU 50	No	Semler Brossy
Evolution Petroleum Corp.	not disclosed	PRSU 66.7 · RSU 33.3	not disclosed	Meridian Compensation Partners
Gold Resource Corporation	not disclosed	not disclosed	not disclosed	not disclosed
NioCorp Developments Ltd.	not disclosed	Option 100	not disclosed	not disclosed
Uranium Energy Corp.	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	2026-06-04	204,012,682	4,952,139	—	97.63%	Passed
2025	2025-06-05	197,702,629	9,777,240	—	95.29%	Passed
2024	2024-06-06	117,422,592	4,676,565	—	96.17%	Passed
2023	2023-06-02	89,783,985	29,312,243	—	75.39%	Passed
2022	2022-06-02	57,999,486	15,348,454	—	79.07%	Passed
2021	2021-06-03	36,623,343	8,904,433	—	80.44%	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	2026-06-04	97.63%^a
2025	2025-06-05	95.29%^b
2024	2024-06-06	96.17%^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)	4 : 1
CEO total compensation	$1,327,195
Median employee compensation	—

Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (25 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, John Cash. DEF 14A, filed 2026-04-24. Section “Executive Compensation”. As printed: 1,327,195. View filing ↗
Section 01, Matthew Gili. DEF 14A, filed 2026-04-24. Section “Executive Compensation”. As printed: 839,741. View filing ↗
Section 01, Steven Hatten. DEF 14A, filed 2026-04-24. Section “Executive Compensation”. As printed: 831,668. View filing ↗
Section 01, Roger Smith. DEF 14A, filed 2026-04-24. Section “Executive Compensation”. As printed: 827,469. View filing ↗
Section 07, pay ratio. DEF 14A, filed 2026-04-24. Section “CEO Pay Ratio”. As printed: 4 : 1. View filing ↗
Section 08, John Paul Pressey. DEF 14A, filed 2026-04-24. Section “Director Compensation”. As printed: 175,424. View filing ↗
Section 08, Gary C. Huber. DEF 14A, filed 2026-04-24. Section “Director Compensation”. As printed: 175,424. View filing ↗
Section 08, Elmer W. Dyke. DEF 14A, filed 2026-04-24. Section “Director Compensation”. As printed: 175,424. View filing ↗
Section 08, Rob Chang. DEF 14A, filed 2026-04-24. Section “Director Compensation”. As printed: 175,424. View filing ↗
Section 08, Thomas H. Parker. DEF 14A, filed 2026-04-24. Section “Director Compensation”. As printed: 175,424. View filing ↗
Section 08, Kathy E. Walker. DEF 14A, filed 2026-04-24. Section “Director Compensation”. As printed: 175,424. View filing ↗
Section 08, John W. Cash. DEF 14A, filed 2026-04-24. Section “Director Compensation”. As printed: 6,250. View filing ↗
Section 08, Matthew D. Gili. DEF 14A, filed 2026-04-24. Section “Director Compensation”. As printed: 0. View filing ↗
Section 06, 2026 vote. Form 8-K, filed 2026-06-05. Item 5.07 · say-on-pay result. As reported: 97.63% (votes for as printed: 204,012,682). View filing ↗
Section 06, 2025 vote. Form 8-K, filed 2025-06-06. Item 5.07 · say-on-pay result. As reported: 95.29% (votes for as printed: 197,702,629). View filing ↗
Section 06, 2024 vote. Form 8-K, filed 2024-06-07. Item 5.07 · say-on-pay result. As reported: 96.17% (votes for as printed: 117,422,592). View filing ↗
Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
Section 09b board cost (computed). Computed. Cash 456,250 + equity 201,900 + all other 0 = 658,150, summed across the director compensation table rows.
Uranium Energy Corp., Section 10b CEO total. DEF 14A, filed 2026-06-10. CEO total compensation as printed in Uranium Energy Corp.'s own proxy. As printed: 6,356,248. View filing ↗
Energy Fuels Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Energy Fuels Inc.'s own proxy. As printed: 2,698,546. View filing ↗
Evolution Petroleum Corp., Section 10b CEO total. DEF 14A, filed 2026-10-22. CEO total compensation as printed in Evolution Petroleum Corp.'s own proxy. As printed: 973,473. View filing ↗
UR-Energy (subject), Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in UR-Energy's own proxy. As printed: 839,741. View filing ↗
Gold Resource Corporation, Section 10b CEO total. DEF 14A, filed 2025-04-25. CEO total compensation as printed in Gold Resource Corporation's own proxy. As printed: 817,354. View filing ↗
NioCorp Developments Ltd., Section 10b CEO total. DEF 14A, filed 2026-02-25. CEO total compensation as printed in NioCorp Developments Ltd.'s own proxy. As printed: 451,000. View filing ↗
Section 10a, Uranium Energy Corp. reciprocity. DEF 14A. Uranium Energy Corp. names UR-Energy in its own disclosed peer group (read from its most recent proxy). View filing ↗