Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-30

Warrior Met Coal (HCC)

CEO Walter Scheller III was paid $7,336,513 in fiscal year 2025, ↓ down 7.2% from fiscal year 2024, the 67th percentile of its disclosed peer group (SEC filing 0001691303-26-000007 ↗): 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
67th
CEO pay percentile vs peers
57:1
CEO-to-median pay ratio
97.92%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Walter Scheller III (Chief Executive Officer), FY2025 total compensation $7,336,513 (base salary $900,000) [exec_comp, SEC accession 0001691303-26-000007, filed 2026-03-10]

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HCC's next annual pay disclosure, estimated March 7, 2027.est. Filing ↗

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 Gant438,9000989,297—667,1150122,3112,217,622
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 FY2024→2025
Walter Scheller III$7,336,513$7,908,650$6,667,795↓ −572,137
Jack Richardson3,200,8453,363,8252,864,828↓ −162,980
Dale Boyles2,743,0912,910,6692,544,820↓ −167,578
Kelli Gant2,217,6222,334,9891,982,710↓ −117,367
Charles Lussier1,831,7661,907,0711,652,210↓ −75,305

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 HCC
5 companies name 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.

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
Dale BoylesCFO$2,743,091
Jack RichardsonCOO$3,200,845
Charles LussierCCO$1,831,766
Kelli GantExecutive$2,217,622
Walter Scheller IIICEO$7,336,513
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Alan H. SchumacherIndependent Director$257,452
Ana B. AmicarellaDirector$33,084
J. Brett HarveyChair of the Board$347,452
Kimberly Y. ChaineyIndependent Director$219,952
Lisa M. SchnorrIndependent Director$259,952
Stephen D. WilliamsIndependent Director$242,452
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
Dale BoylesPSU2025-02-102,2074,414—8,828$263,383
Dale BoylesPSU2025-02-102,6715,341—10,683307,748
Dale BoylesRSU2025-02-10——5,341—285,156
Dale BoylesPSU2025-02-103,3926,783—13,566372,251
Kelli GantRSU2025-02-10——4,316—230,431
Charles LussierRSU2025-02-10——3,450—184,196
Jack RichardsonPSU2025-02-103,9347,868—15,736431,796
Jack RichardsonPSU2025-02-103,2366,472—12,944372,917
Walter Scheller IIIPSU2025-02-109,55219,105—38,2091,100,830
Walter Scheller IIIPSU2025-02-1011,91223,824—47,6481,307,461
Kelli GantPSU2025-02-102,7225,444—10,888298,767
Charles LussierPSU2025-02-101,7253,450—6,901198,789
Jack RichardsonPSU2025-02-102,6825,364—10,728320,070
Walter Scheller IIIPSU2025-02-107,94815,896—31,792948,514
Walter Scheller IIIRSU2025-02-10——14,329—765,025
Charles LussierPSU2025-02-101,4022,803—5,606167,255
Kelli GantPSU2025-02-101,7723,543—7,086211,411
Jack RichardsonRSU2025-02-10——6,472—345,540
Kelli GantPSU2025-02-102,1584,316—8,632248,688
CharlesPSU2025-02-102,0274,054—8,108222,484
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Dale Boyles$285,156$943,382$076.8%
Kelli Gant230,431758,866076.7%
Charles Lussier184,196366,044066.5%
Jack Richardson345,5401,124,783076.5%
Walter Scheller III765,0253,356,805081.4%
Charles0222,4840100.0%

% 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
Walter Scheller IIIPSU38,209—$3,368,888
Dale BoylesRSU743,936—65,592,715
Walter Scheller IIIPSU15,897—1,401,638
Walter Scheller IIIRSU9,818,498—865,696,561
Kelli GantPSU8,632—761,083
Walter Scheller IIIRSU5,800,000—511,385,759
Walter Scheller IIIRSU4,511,725—397,798,606
Charles LussierRSU4,000,000—352,679,901
Kelli GantRSU658,350—58,046,662
Charles LussierPSU6,901—608,461
Jack RichardsonRSU4,000,000—352,679,852
Jack RichardsonRSU3,205,724—282,648,566
Kelli GantRSU4,000,000—352,679,650
Dale BoylesRSU4,000,000—352,679,345
Dale BoylesRSU2,982,827—262,995,368
Charles LussierRSU1,600,000—141,071,961
Kelli GantRSU2,706,015—238,589,106
Jack RichardsonPSU5,365—496,838
Charles LussierRSU2,568,098—226,429,137
Jack RichardsonRSU1,600,000—141,071,941
Walter Scheller IIIRSU1,600,000—141,071,934
Kelli GantRSU1,600,000—141,071,860
Dale BoylesRSU1,600,000—141,071,738
Jack RichardsonRSU863,850—76,165,622
Charles LussierRSU597,453—52,677,416
Walter Scheller IIIRSU14,329—1,263,388
Walter Scheller IIIRSU5,956—525,141
Jack RichardsonPSU12,944—1,141,272
Dale BoylesPSU10,683—941,920
Jack RichardsonRSU6,472—570,636
Walter Scheller IIIRSU7,949—700,863
Dale BoylesRSU5,341—470,916
Dale BoylesPSU4,414—389,182
Dale BoylesRSU2,261—199,352
Kelli GantRSU4,316—380,542
Jack RichardsonRSU3,576—315,296
Kelli GantPSU3,543—312,386
Charles LussierRSU3,450—304,187
Dale BoylesRSU2,943—259,484
Charles LussierPSU2,803—247,141
Jack RichardsonRSU2,623—231,270
Kelli GantRSU2,362—208,258
Charles LussierRSU1,869—164,790
Kelli GantRSU1,815—160,029
Charles LussierRSU1,352—119,206
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.

07

CEO pay ratio

Ratio (CEO : median employee)57 : 1
CEO total compensation$7,908,650
Median employee compensation$138,393
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
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)135,000124,9520—0259,952
Alan H. SchumacherIndependent · Audit · Compensation · HRC132,500124,9520—0257,452
Stephen D. WilliamsIndependent · SEHS (Chair) · Sustainability, Environmental, Health and Safety (Chair)117,500124,9520—0242,452
Kimberly Y. ChaineyIndependent · Audit · Nominating and Corporate Governance · NCG · SEHS · Sustainability, Environmental, Health and Safety · Newly elected95,000124,9520—0219,952
Ana B. AmicarellaNot standing for re-election33,08400—033,084
Walter J. Scheller IIIEmployee director · Sustainability, Environmental, Health and Safety—————0
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$5
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.

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 Warrior Met Coal 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 Warrior Met Coal.

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
1Arch Resources, Inc.2025Adam Goldstein$750,000$9,897,947$0$750,000$11,397,947
2Warrior Met Coal2025Walter Scheller III900,0004,121,83102,011,7257,336,513
3Materion Corporation2025Jugal Vijayvargiya982,6932,960,100779,92104,794,902
4Alpha Metallurgical Resources, Inc.2025C. Andrew Eidson943,8462,660,3570520,9564,167,842
—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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Warrior Met Coalnot disclosednot disclosednot disclosednot disclosed
Alpha Metallurgical Resources, Inc.not disclosedRSU 50 · PSU 50not disclosedMeridian
Arch Resources, Inc.100%not disclosedYes — Relative TSRCompensia
Kaiser Aluminum Corporationnot disclosednot disclosednot disclosednot disclosed
Materion Corporationnot disclosedPSU 75NoFrederic 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.

10d

Frequently asked questions

Who was the highest-paid executive at Warrior Met Coal in fiscal 2025?
As disclosed, Walter Scheller III (Chief Executive Officer) was the highest-paid executive at Warrior Met Coal in fiscal 2025, with total compensation of $7,336,513.
How does Warrior Met Coal's chief executive pay compare to its disclosed peer group?
As disclosed, Walter Scheller III's total compensation ranked at the 67th percentile of Warrior Met Coal's disclosed peer group.
What is Warrior Met Coal's CEO-to-median employee pay ratio?
As disclosed, Warrior Met Coal's CEO-to-median employee pay ratio was 57:1.
How did shareholders vote on Warrior Met Coal's executive compensation?
As disclosed, 97.92% of shareholders supported Warrior Met Coal's executive compensation in the latest say-on-pay vote.
How much does Warrior Met Coal spend in total on board compensation for fiscal 2025?
As disclosed, Warrior Met Coal reported total board compensation of $1,360,344 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.

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 03, Dale Boyles PSUDEF 14A2026-03-100001691303-26-000007Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
7Section 03, Dale Boyles PSUDEF 14A2026-03-100001691303-26-000007Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
8Section 03, Dale Boyles RSUDEF 14A2026-03-100001691303-26-000007Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
9Section 03, Dale Boyles PSUDEF 14A2026-03-100001691303-26-000007Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
10Section 03, Kelli Gant RSUDEF 14A2026-03-100001691303-26-000007Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
11Section 03, Charles Lussier RSUDEF 14A2026-03-100001691303-26-000007Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
12Section 03, Jack Richardson PSUDEF 14A2026-03-100001691303-26-000007Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
13Section 03, Jack Richardson PSUDEF 14A2026-03-100001691303-26-000007Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
14Section 03, Walter Scheller III PSUDEF 14A2026-03-100001691303-26-000007Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
15Section 03, Walter Scheller III PSUDEF 14A2026-03-100001691303-26-000007Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
16Section 03, Kelli Gant PSUDEF 14A2026-03-100001691303-26-000007Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
17Section 03, Charles Lussier PSUDEF 14A2026-03-100001691303-26-000007Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
18Section 03, Jack Richardson PSUDEF 14A2026-03-100001691303-26-000007Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
19Section 03, Walter Scheller III PSUDEF 14A2026-03-100001691303-26-000007Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
20Section 03, Walter Scheller III RSUDEF 14A2026-03-100001691303-26-000007Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
21Section 03, Charles Lussier PSUDEF 14A2026-03-100001691303-26-000007Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
22Section 03, Kelli Gant PSUDEF 14A2026-03-100001691303-26-000007Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
23Section 03, Jack Richardson RSUDEF 14A2026-03-100001691303-26-000007Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
24Section 03, Kelli Gant PSUDEF 14A2026-03-100001691303-26-000007Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
25Section 03, Charles PSUDEF 14A2026-03-100001691303-26-000007Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
26Section 07, pay ratioDEF 14A2025-03-130001193125-25-053540Section “CEO Pay Ratio”. As printed: 57 : 1. Filing ↗
27Section 08, J. Brett HarveyDEF 14A2026-03-100001691303-26-000007Section “Director Compensation”. As printed: 347,452. Filing ↗
28Section 08, Lisa M. SchnorrDEF 14A2026-03-100001691303-26-000007Section “Director Compensation”. As printed: 259,952. Filing ↗
29Section 08, Alan H. SchumacherDEF 14A2026-03-100001691303-26-000007Section “Director Compensation”. As printed: 257,452. Filing ↗
30Section 08, Stephen D. WilliamsDEF 14A2026-03-100001691303-26-000007Section “Director Compensation”. As printed: 242,452. Filing ↗
31Section 08, Kimberly Y. ChaineyDEF 14A2026-03-100001691303-26-000007Section “Director Compensation”. As printed: 219,952. Filing ↗
32Section 08, Ana B. AmicarellaDEF 14A2026-03-100001691303-26-000007Section “Director Compensation”. As printed: 33,084. Filing ↗
33Section 08, Walter J. Scheller IIIDEF 14A2026-03-100001691303-26-000007Section “Director Compensation”. As printed: 0. Filing ↗
34Section 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 ↗
35Section 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 ↗
36Section 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 ↗
37Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
38Section 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).machine: formula: sums + PSU ratio
39Section 09b board cost (computed)Computed——Cash 710,584 + equity 649,760 + all other 0 = 1,360,344, summed across the director compensation table rows.machine: formula: Σ = 1,360,344
40Arch Resources, Inc., Section 10b CEO totalDEF 14A2026-04-300001104659-26-052227CEO total compensation as printed in Arch Resources, Inc.'s own proxy. As printed: 11,397,947. Filing ↗machine: r1 · c25 · span 914328–914338
41Warrior 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
42Materion Corporation, Section 10b CEO totalDEF 14A2026-03-260001104657-26-000022CEO total compensation as printed in Materion Corporation's own proxy. As printed: 4,794,902. Filing ↗machine: r2 · c51 · span 477569–477578
43Alpha Metallurgical Resources, Inc., Section 10b CEO totalDEF 14A2026-03-310001140361-26-012338CEO total compensation as printed in Alpha Metallurgical Resources, Inc.'s own proxy. As printed: 4,167,842. Filing ↗machine: r2 · c25 · span 867785–867794
44Section 10a, Alpha Metallurgical Resources, Inc. reciprocityDEF 14A—0001140361-26-012338Alpha Metallurgical Resources, Inc. names Warrior Met Coal in its own disclosed peer group (read from its most recent proxy). Filing ↗
45Section 10a, Materion Corporation reciprocityDEF 14A—0001104657-26-000022Materion Corporation's most recent proxy was read; its disclosed peer group does not include Warrior Met Coal. Filing ↗
46Section 10a, Arch Resources, Inc. reciprocityDEF 14A—0001104659-26-052227Arch Resources, Inc.'s most recent proxy was read; its disclosed peer group does not include Warrior Met Coal. Filing ↗