Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-11

Alpha Metallurgical Resources (AMR)

CEO C. Andrew Eidson was paid $4,167,842 in fiscal year 2025, ↓ down 15.7% from fiscal year 2024, the 1st percentile of its disclosed peer group (SEC filing 0001140361-26-012338 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$4,167,842 ↓
C. Andrew Eidson total, FY2025
1st
CEO pay percentile vs peers
—
CEO-to-median pay ratio
98.93%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- C. Andrew Eidson (Chief Executive Officer), FY2025 total compensation $4,167,842 (base salary $943,846) [exec_comp, SEC accession 0001140361-26-012338, filed 2026-03-31]

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AMR's next annual pay disclosure, estimated March 31, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
C. Andrew Eidson$943,846$0$2,660,357$0$520,956$0$42,683$4,167,842
Chief Executive Officer
Jason Whitehead716,05801,643,0870343,831020,0552,723,031
President and Chief Operating Officer
J. Todd Munsey523,36577,8361,043,3260366,66809,6062,020,801
EVP and Chief Financial Officer
Daniel Horn494,22101,043,3260214,634041,0231,793,204
EVP, Chief Commercial Officer
Mark Manno478,4620991,2140208,383017,6751,695,734
EVP, General Counsel and Secretary

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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
C. Andrew Eidson$4,167,842$4,945,893$6,053,361↓ −778,051
Jason Whitehead2,723,0313,278,8034,150,007↓ −555,772
J. Todd Munsey2,020,8012,478,0082,600,492↓ −457,207
Daniel Horn1,793,2042,207,2022,622,440↓ −413,998
Mark Manno1,695,734549,251—↑ +1,146,483

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against AMR
6 companies name AMR as a compensation peer

Each company listed discloses AMR 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 AMR in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
C. Andrew EidsonCEO$4,167,842
Jason WhiteheadPresident$2,723,031
Daniel HornCCO$1,793,204
Mark MannoGeneral Counsel$1,695,734
J. Todd MunseyCFO$2,020,801
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Daniel HornPSU2025-01-227691,538—3,076$302,094
Daniel HornRSU2025-01-22——2,564—503,621
Mark MannoRSU2025-01-22——2,436—478,479
Mark MannoPSU2025-01-22487974—1,948225,569
J. Todd MunseyRSU2025-01-22——2,564—503,621
Jason WhiteheadRSU2025-01-22——4,038—793,144
Jason WhiteheadPSU2025-01-221,2122,423—4,846475,926
C. Andrew EidsonPSU2025-01-221,9623,923—7,846770,556
Daniel HornPSU2025-01-225131,026—2,052237,611
J. Todd MunseyPSU2025-01-225131,026—2,052237,611
Jason WhiteheadPSU2025-01-228081,615—3,230374,018
C. Andrew EidsonPSU2025-01-221,3082,615—5,230605,608
C. Andrew EidsonRSU2025-01-22——6,538—1,284,194
Mark MannoPSU2025-01-227311,462—2,924287,166
J. Todd MunseyPSU2025-01-227691,538—3,076302,094
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Daniel Horn$503,621$539,705$051.7%
Mark Manno478,479512,735051.7%
J. Todd Munsey503,621539,705051.7%
Jason Whitehead793,144849,944051.7%
C. Andrew Eidson1,284,1941,376,164051.7%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
C. Andrew EidsonRSU6,521—$1,316,068
C. Andrew EidsonRSU6,538—1,306,815
Jason WhiteheadRSU4,028—812,931
Jason WhiteheadRSU4,038—807,115
C. Andrew EidsonRSU3,445—688,587
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation program is designed to attract, retain and reward executives who create long-term stockholder value, share our mission and perform in a manner that enables the Company to achieve its strategic goals. The program provides a market-based total compensation tied to financial, operating and share performance, with an emphasis on long-term compensation to align executive interests with long-term results and stockholder interests.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantMeridian
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-067,863,35885,3117,41098.93%Passed
20252025-05-079,160,399503,41014,05994.79%Passed
20242024-05-029,404,763338,73215,74396.52%Passed
20232023-05-038,945,852394,3285,16795.78%Passed
20222022-05-0310,293,788899,4679,03291.96%Passed
20212021-04-2910,525,086371,674485,00092.47%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 yearMeeting dateApproval — company's computation
20262026-05-0698.93%a
20252025-05-0794.79%b
20242024-05-0296.52%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Approved under the standard stated in the filing — “Abstentions are included in the calculation of the number of votes considered to be present at the Annual Meeting for purposes of determining a quorum, but will not be considered votes cast and will not have any effect on the vote on any of the proposals.”.

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.

09

Board fee structure and ownership guideline

Annual cash retainer$95,000
Annual equity retainer$125,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)30,000 / 20,000 / 12,000
Stock ownership guideline$5
10

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.

10a

Peer reciprocity

Of the companies Alpha Metallurgical Resources 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 Alpha Metallurgical Resources.

10b

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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Core Natural Resources, Inc.2025James Brock$1,000,000$15,922,176$0$2,128,750$19,445,313
2Ryerson Holding Corporation2025Edward Lehner1,200,00016,127,6000451,50017,857,908
3ATI Inc.2025Kimberly Fields950,00010,051,70002,295,79413,512,737
4Carpenter Technology Corporation2026Tony Thene1,055,3568,250,41802,924,78412,393,230
5Peabody Energy Corporation2025James Grech1,075,0005,080,12501,835,8539,025,131
6Kaiser Aluminum Corporation2025Keith Harvey1,000,0004,212,18802,127,5007,914,836
7Warrior Met Coal, Inc.2025Walter Scheller III900,0004,121,83102,011,7257,336,513
8Worthington Steel, Inc.2026Geoffrey Gilmore1,082,0772,976,54803,005,3477,194,997
9Metallus Inc.2025Michael Williams902,7083,865,15601,017,8035,863,348
10Radius Recycling, Inc.2024Tamara Lundgren1,200,7663,348,7910143,5404,912,875
11SunCoke Energy, Inc.2025Katherine Gates975,0002,047,011—1,028,7064,401,365
12Alpha Metallurgical Resources2025C. Andrew Eidson943,8462,660,3570520,9564,167,842

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Alpha Metallurgical Resourcesnot disclosedRSU 50 · PSU 50not disclosedMeridian
ATI Inc.not disclosedPSU 70 · RSU 30not disclosedMeridian Compensation Partners, LLC
Carpenter Technology Corporationnot disclosedPSU 50 · RSU 50Yes — Total Stockholder Return (TSR)not disclosed
Core Natural Resources, Inc.Aggregate payout scores ranged from 78.15% (Klein) to 85.15% (Brock) of target opportunity.%PSUs 55 · RSUs 45Yes — Relative TSR - Compensation Peer GroupMercer
Kaiser Aluminum Corporationnot disclosednot disclosednot disclosedMeridian
Metallus Inc.not disclosedPRSU 60 · RSU 40not disclosedMeridian
Peabody Energy Corporationnot disclosedPSU 50 · RSU 50not disclosedF.W. Cook
Radius Recycling, Inc.not disclosedRSU 50 · PSU 50not disclosedPearl Meyer
Ryerson Holding Corporation30%PSU 67 · RSU 33NoCompensation Advisory Partners (CAP)
SunCoke Energy, Inc.not disclosednot disclosednot disclosedMeridian
Warrior Met Coal, Inc.not disclosednot disclosednot disclosednot disclosed
Worthington Steel, Inc.not disclosednot disclosednot disclosedWillis Towers Watson

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.

10d

Frequently asked questions

Who was the highest-paid executive at Alpha Metallurgical Resources in fiscal 2025?
As disclosed, C. Andrew Eidson (Chief Executive Officer) was the highest-paid executive at Alpha Metallurgical Resources in fiscal 2025, with total compensation of $4,167,842.
How does Alpha Metallurgical Resources's chief executive pay compare to its disclosed peer group?
As disclosed, C. Andrew Eidson's total compensation ranked at the 1st percentile of Alpha Metallurgical Resources's disclosed peer group.
How did shareholders vote on Alpha Metallurgical Resources's executive compensation?
As disclosed, 98.93% of shareholders supported Alpha Metallurgical Resources's executive compensation in the latest say-on-pay vote.

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.

11

Source register

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.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, C. Andrew EidsonDEF 14A2026-03-310001140361-26-012338Section “2025 Summary Compensation Table” · page 48. As printed: 4,167,842. View filing ↗
2Section 01, Jason WhiteheadDEF 14A2026-03-310001140361-26-012338Section “2025 Summary Compensation Table” · page 48. As printed: 2,723,031. View filing ↗
3Section 01, J. Todd MunseyDEF 14A2026-03-310001140361-26-012338Section “2025 Summary Compensation Table” · page 48. As printed: 2,020,801. View filing ↗
4Section 01, Daniel HornDEF 14A2026-03-310001140361-26-012338Section “2025 Summary Compensation Table” · page 48. As printed: 1,793,204. View filing ↗
5Section 01, Mark MannoDEF 14A2026-03-310001140361-26-012338Section “2025 Summary Compensation Table” · page 48. As printed: 1,695,734. View filing ↗
6Section 03, Daniel Horn PSUDEF 14A2026-03-310001140361-26-012338Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
7Section 03, Daniel Horn RSUDEF 14A2026-03-310001140361-26-012338Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
8Section 03, Mark Manno RSUDEF 14A2026-03-310001140361-26-012338Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
9Section 03, Mark Manno PSUDEF 14A2026-03-310001140361-26-012338Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
10Section 03, J. Todd Munsey RSUDEF 14A2026-03-310001140361-26-012338Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
11Section 03, Jason Whitehead RSUDEF 14A2026-03-310001140361-26-012338Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
12Section 03, Jason Whitehead PSUDEF 14A2026-03-310001140361-26-012338Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
13Section 03, C. Andrew Eidson PSUDEF 14A2026-03-310001140361-26-012338Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
14Section 03, Daniel Horn PSUDEF 14A2026-03-310001140361-26-012338Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
15Section 03, J. Todd Munsey PSUDEF 14A2026-03-310001140361-26-012338Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
16Section 03, Jason Whitehead PSUDEF 14A2026-03-310001140361-26-012338Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
17Section 03, C. Andrew Eidson PSUDEF 14A2026-03-310001140361-26-012338Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
18Section 03, C. Andrew Eidson RSUDEF 14A2026-03-310001140361-26-012338Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
19Section 03, Mark Manno PSUDEF 14A2026-03-310001140361-26-012338Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
20Section 03, J. Todd Munsey PSUDEF 14A2026-03-310001140361-26-012338Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
21Section 06, 2026 voteForm 8-K2026-05-080001704715-26-000017Item 5.07 · say-on-pay result. As reported: 98.93% (votes for as printed: 7,863,358). View filing ↗
22Section 06, 2025 voteForm 8-K2025-05-090001704715-25-000016Item 5.07 · say-on-pay result. As reported: 94.79% (votes for as printed: 9,160,399). View filing ↗
23Section 06, 2024 voteForm 8-K2024-05-060001704715-24-000095Item 5.07 · say-on-pay result. As reported: 96.52% (votes for as printed: 9,404,763). View filing ↗
24Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.
25Section 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).
26Core Natural Resources, Inc., Section 10b CEO totalDEF 14A2026-03-160001710366-26-000017CEO total compensation as printed in Core Natural Resources, Inc.'s own proxy. As printed: 19,445,313. View filing ↗
27Ryerson Holding Corporation, Section 10b CEO totalDEF 14A2026-03-180001193125-26-114120CEO total compensation as printed in Ryerson Holding Corporation's own proxy. As printed: 17,857,908. View filing ↗
28ATI Inc., Section 10b CEO totalDEF 14A2026-03-240001193125-26-121340CEO total compensation as printed in ATI Inc.'s own proxy. As printed: 13,512,737. View filing ↗
29Carpenter Technology Corporation, Section 10b CEO totalDEF 14A2026-09-110001193125-26-389294CEO total compensation as printed in Carpenter Technology Corporation's own proxy. As printed: 12,393,230. View filing ↗
30Peabody Energy Corporation, Section 10b CEO totalDEF 14A2026-03-260001064728-26-000012CEO total compensation as printed in Peabody Energy Corporation's own proxy. As printed: 9,025,131. View filing ↗
31Kaiser Aluminum Corporation, Section 10b CEO totalDEF 14A2026-04-280001193125-26-187425CEO total compensation as printed in Kaiser Aluminum Corporation's own proxy. As printed: 7,914,836. View filing ↗
32Warrior Met Coal, Inc., Section 10b CEO totalDEF 14A2026-03-100001691303-26-000007CEO total compensation as printed in Warrior Met Coal, Inc.'s own proxy. As printed: 7,336,513. View filing ↗
33Worthington Steel, Inc., Section 10b CEO totalDEF 14A2026-08-140001193125-26-352256CEO total compensation as printed in Worthington Steel, Inc.'s own proxy. As printed: 7,194,997. View filing ↗
34Metallus Inc., Section 10b CEO totalDEF 14A2026-03-120001193125-26-102544CEO total compensation as printed in Metallus Inc.'s own proxy. As printed: 5,863,348. View filing ↗
35Radius Recycling, Inc., Section 10b CEO totalDEF 14A2024-12-160001558370-24-016289CEO total compensation as printed in Radius Recycling, Inc.'s own proxy. As printed: 4,912,875. View filing ↗
36SunCoke Energy, Inc., Section 10b CEO totalDEF 14A2026-04-010001193125-26-136032CEO total compensation as printed in SunCoke Energy, Inc.'s own proxy. As printed: 4,401,365. View filing ↗
37Alpha Metallurgical Resources (subject), Section 10b CEO totalDEF 14A2026-03-310001140361-26-012338CEO total compensation as printed in Alpha Metallurgical Resources's own proxy. As printed: 4,167,842. View filing ↗
38Section 10a, Carpenter Technology Corporation reciprocityDEF 14A—0001193125-26-389294Carpenter Technology Corporation's most recent proxy was read; its disclosed peer group does not include Alpha Metallurgical Resources. View filing ↗
39Section 10a, Core Natural Resources, Inc. reciprocityDEF 14A—0001710366-26-000017Core Natural Resources, Inc. names Alpha Metallurgical Resources in its own disclosed peer group (read from its most recent proxy). View filing ↗
40Section 10a, Metallus Inc. reciprocityDEF 14A—0001193125-26-102544Metallus Inc.'s most recent proxy was read; its disclosed peer group does not include Alpha Metallurgical Resources. View filing ↗
41Section 10a, Radius Recycling, Inc. reciprocityDEF 14A—0001558370-24-016289Radius Recycling, Inc.'s most recent proxy was read; its disclosed peer group does not include Alpha Metallurgical Resources. View filing ↗
42Section 10a, SunCoke Energy, Inc. reciprocityDEF 14A—0001193125-26-136032SunCoke Energy, Inc.'s most recent proxy was read; its disclosed peer group does not include Alpha Metallurgical Resources. View filing ↗
43Section 10a, Kaiser Aluminum Corporation reciprocityDEF 14A—0001193125-26-187425Kaiser Aluminum Corporation's most recent proxy was read; its disclosed peer group does not include Alpha Metallurgical Resources. View filing ↗
44Section 10a, Ryerson Holding Corporation reciprocityDEF 14A—0001193125-26-114120Ryerson Holding Corporation's most recent proxy was read; its disclosed peer group does not include Alpha Metallurgical Resources. View filing ↗
45Section 10a, Peabody Energy Corporation reciprocityDEF 14A—0001064728-26-000012Peabody Energy Corporation names Alpha Metallurgical Resources in its own disclosed peer group (read from its most recent proxy). View filing ↗
46Section 10a, ATI Inc. reciprocityDEF 14A—0001193125-26-121340ATI Inc.'s most recent proxy was read; its disclosed peer group does not include Alpha Metallurgical Resources. View filing ↗
47Section 10a, Warrior Met Coal, Inc. reciprocityDEF 14A—0001691303-26-000007Warrior Met Coal, Inc. names Alpha Metallurgical Resources in its own disclosed peer group (read from its most recent proxy). View filing ↗