Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-21

Warrior Met Coal (HCC)

Fiscal year 2025 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.

$7,336,513
Walter Scheller III total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
97.92%
Say-on-pay support, latest vote
Companies that benchmark against HCC
1 company names HCC as a compensation peer

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.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Walter Scheller III$900,000$0$4,121,831$0$2,011,725$0$302,957$7,336,513
Chief Executive Officer
Jack Richardson575,90001,470,32201,029,8240124,7983,200,845
Chief Operating Officer
Dale Boyles495,95701,228,5390886,8700131,7252,743,091
Chief Financial Officer
Kelli Gant438,9000989,2970667,1150122,3112,217,622
Chief Administrative Officer and Corporate Secretary
Charles Lussier398,3030772,7230569,796090,9441,831,766
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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Walter Scheller III$7,336,513
Jack Richardson3,200,845
Dale Boyles2,743,091
Kelli Gant2,217,622
Charles Lussier1,831,766

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

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Dale BoylesPSU10,683$941,920
Walter Scheller IIIRSU5,800,000511,385,759
Dale BoylesRSU5,341470,916
Walter Scheller IIIRSU4,511,725397,798,606
Charles LussierRSU4,000,000352,679,901
Kelli GantRSU4,316380,542
Jack RichardsonRSU4,000,000352,679,852
Kelli GantRSU4,000,000352,679,650
Dale BoylesRSU4,000,000352,679,345
Jack RichardsonRSU3,205,724282,648,566
Dale BoylesRSU2,982,827262,995,368
Kelli GantRSU2,706,015238,589,106
Charles LussierRSU2,568,098226,429,137
Charles LussierRSU1,600,000141,071,961
Jack RichardsonRSU1,600,000141,071,941
Walter Scheller IIIRSU1,600,000141,071,934
Kelli GantRSU1,600,000141,071,860
Dale BoylesRSU1,600,000141,071,738
Jack RichardsonRSU863,85076,165,622
Dale BoylesRSU743,93665,592,715
Kelli GantRSU658,35058,046,662
Charles LussierRSU597,45352,677,416
Walter Scheller IIIPSU38,2093,368,888
Walter Scheller IIIPSU15,8971,401,638
Walter Scheller IIIRSU14,3291,263,388
Jack RichardsonPSU12,9441,141,272
Kelli GantPSU8,632761,083
Walter Scheller IIIRSU7,949700,863
Charles LussierPSU6,901608,461
Jack RichardsonRSU6,472570,636
Walter Scheller IIIRSU5,956525,141
Jack RichardsonPSU5,365496,838
Dale BoylesPSU4,414389,182
Jack RichardsonRSU3,576315,296
Kelli GantPSU3,543312,386
Charles LussierRSU3,450304,187
Dale BoylesRSU2,943259,484
Charles LussierPSU2,803247,141
Jack RichardsonRSU2,623231,270
Kelli GantRSU2,362208,258
Dale BoylesRSU2,261199,352
Charles LussierRSU1,869164,790
Kelli GantRSU1,815160,029
Charles LussierRSU1,352119,206
05

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
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-2043,732,168928,16217,38997.92%Passed
20252025-04-2341,476,6573,845,11864,21591.52%Passed
20242024-04-2527,530,64714,176,211175,22166.01%Passed
20232023-04-2526,257,03612,617,34389,28467.54%Passed
20222022-04-2629,604,3067,922,390101,86178.89%Passed
20212021-04-2742,523,309374,040129,51999.13%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 yearMeeting dateApproval — company's computation
20262026-04-2097.92%a
20252025-04-2391.52%b
20242024-04-2566.01%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.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
J. Brett HarveyIndependent · Board Chair · Compensation (Chair) · Nominating and Corporate Governance · Human Capital (Chair)$197,500$149,952$0$0$0$347,452
Lisa M. SchnorrIndependent · Audit · Human Resources & Compensation · Nominating and Corporate Governance (Chair)135,000124,952000259,952
Alan H. SchumacherIndependent · Audit (Chair) · Human Resources & Compensation132,500124,952000257,452
Stephen D. WilliamsIndependent · Safety, Environment & Health (Chair) · Sustainability, Environmental, Health and Safety (Chair)117,500124,952000242,452
Kimberly Y. ChaineyIndependent · Audit · Nominating and Corporate Governance · Safety, Environment & Health · Sustainability, Environmental, Health and Safety · Newly elected95,000124,952000219,952
Ana B. AmicarellaIndependent · Not standing for re-election33,084000033,084
Walter J. Scheller IIIEmployee director · Sustainability, Environmental, Health and Safety0
09

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$500,000
09b

Total cost of the board

ComponentFY2025
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.

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
1Warrior Met Coal2025Walter Scheller III$900,000$4,121,831$0$2,011,725$7,336,513

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.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Walter Scheller IIIDEF 14A2026-03-100001691303-26-000007Section “Summary Compensation Table” · page 60. As printed: 7,336,513. Filing ↗machine: r4 · c17 · span 2277284–2277293
2Section 01, Jack RichardsonDEF 14A2026-03-100001691303-26-000007Section “Summary Compensation Table” · page 60. As printed: 3,200,845. Filing ↗machine: r9 · c17 · span 2313773–2313782
3Section 01, Dale BoylesDEF 14A2026-03-100001691303-26-000007Section “Summary Compensation Table” · page 60. As printed: 2,743,091. Filing ↗machine: r14 · c17 · span 2350254–2350263
4Section 01, Kelli GantDEF 14A2026-03-100001691303-26-000007Section “Summary Compensation Table” · page 60. As printed: 2,217,622. Filing ↗machine: r19 · c17 · span 2386715–2386724
5Section 01, Charles LussierDEF 14A2026-03-100001691303-26-000007Section “Summary Compensation Table” · page 60. As printed: 1,831,766. Filing ↗machine: r24 · c17 · span 2423229–2423238
6Section 08, J. Brett HarveyDEF 14A2026-03-100001691303-26-000007Section “Director Compensation”. As printed: 347,452. Filing ↗
7Section 08, Lisa M. SchnorrDEF 14A2026-03-100001691303-26-000007Section “Director Compensation”. As printed: 259,952. Filing ↗
8Section 08, Alan H. SchumacherDEF 14A2026-03-100001691303-26-000007Section “Director Compensation”. As printed: 257,452. Filing ↗
9Section 08, Stephen D. WilliamsDEF 14A2026-03-100001691303-26-000007Section “Director Compensation”. As printed: 242,452. Filing ↗
10Section 08, Kimberly Y. ChaineyDEF 14A2026-03-100001691303-26-000007Section “Director Compensation”. As printed: 219,952. Filing ↗
11Section 08, Ana B. AmicarellaDEF 14A2026-03-100001691303-26-000007Section “Director Compensation”. As printed: 33,084. Filing ↗
12Section 08, Walter J. Scheller IIIDEF 14A2026-03-100001691303-26-000007Section “Director Compensation”. As printed: 0. Filing ↗
13Section 06, 2026 voteForm 8-K2026-04-210001691303-26-000011Item 5.07 · say-on-pay result. As reported: 97.92% (votes for as printed: 43,732,168). Filing ↗
14Section 06, 2025 voteForm 8-K2025-04-240001691303-25-000013Item 5.07 · say-on-pay result. As reported: 91.52% (votes for as printed: 41,476,657). Filing ↗
15Section 06, 2024 voteForm 8-K2024-04-290001193125-24-122489Item 5.07 · say-on-pay result. As reported: 66.01% (votes for as printed: 27,530,647). Filing ↗
16Section 09b board cost (computed)ComputedcomputedCash 710,584 + equity 649,760 + all other 0 = 1,360,344, summed across the director compensation table rows.machine: formula: Σ = 1,360,344
17Warrior Met Coal (subject), Section 10b CEO totalDEF 14A2026-03-100001691303-26-000007CEO total compensation as printed in Warrior Met Coal's own proxy. As printed: 7,336,513. Filing ↗machine: r4 · c17 · span 2277284–2277293