Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-01

Idaho Strategic Resources (IDR)

CEO John Swallow was paid $442,528 in fiscal year 2025, ↑ up 84.0% from fiscal year 2024 (SEC filing 0001654954-26-004296 ↗): 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.

$442,528 ↑
John Swallow total, FY2025
—
CEO pay percentile vs peers
—
CEO-to-median pay ratio
99.53%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- John Swallow (President, CEO & Chairman), FY2025 total compensation $442,528 (base salary $279,650) [exec_comp, SEC accession 0001654954-26-004296, filed 2026-05-01]

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IDR's next annual pay disclosure, estimated May 1, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
John Swallow$279,650$53,550$0$109,328$0$0$0$442,528
President, CEO & Chairman
Grant Brackebusch279,65053,5500109,328000442,528
CFO & Vice President
Robert Morgan200,40041,750061,794000303,944
Vice President of Exploration

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
John Swallow$442,528$240,500$167,042↑ +202,028
Grant Brackebusch442,528240,500175,375↑ +202,028
Robert Morgan303,944177,100140,625↑ +126,844

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 IDR
No companies currently name IDR as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

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
Grant BrackebuschOption11,50011.5—
John SwallowOption11,50011.5—
05

Incentive-plan design — the Compensation Discussion & Analysis

The Compensation Committee aims to enhance shareholder value, align pay and performance, and attract and retain top executive talent by reviewing compensation practices against competitive market data and peer groups. The Committee does not use a single method or measure, nor does it establish specific targets for total direct compensation, but generally begins deliberations with reference to overall Company performance.

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

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20242024-06-176,622,32231,02946,40499.53%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
20242024-06-1799.53%a

a. Approved under the standard stated in the filing — “FOR Advisory vote on executive compensation Majority of votes cast Abstentions and broker non-votes are not counted as votes cast, and thus will have no effect on the outcome of the vote.”.

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
John SwallowEmployee director · Board Chair—————$0
Grant BrackebuschEmployee director—————0
Kevin ShiellIndependent · Audit · Compensation · Nominating——0—0—
Richard BeavenIndependent · Audit (Chair) · Compensation (Chair) · Nominating (Chair)——0—0—
Carolyn TurnerIndependent · Audit · Compensation · Nominating——0—0—
09

Board fee structure and ownership guideline

Annual cash retainer$17,500
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$0
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$0

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
1Idaho Strategic Resources2025John Swallow$279,650$0$109,328$0$442,528

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.

10d

Frequently asked questions

Who was the highest-paid executive at Idaho Strategic Resources in fiscal 2025?
As disclosed, John Swallow (President, CEO & Chairman) was the highest-paid executive at Idaho Strategic Resources in fiscal 2025, with total compensation of $442,528.
How did shareholders vote on Idaho Strategic Resources's executive compensation?
As disclosed, 99.53% of shareholders supported Idaho Strategic Resources's executive compensation in the latest say-on-pay vote.
How much does Idaho Strategic Resources spend in total on board compensation for fiscal 2025?
As disclosed, Idaho Strategic Resources reported total board compensation of $0 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, John SwallowDEF 14A2026-05-010001654954-26-004296Section “Executive Compensation”. As printed: 442,528. Filing ↗machine: r1 · c33 · span 172837–172844
2Section 01, Grant BrackebuschDEF 14A2026-05-010001654954-26-004296Section “Executive Compensation”. As printed: 442,528. Filing ↗machine: r4 · c33 · span 186182–186189
3Section 01, Robert MorganDEF 14A2026-05-010001654954-26-004296Section “Executive Compensation”. As printed: 303,944. Filing ↗machine: r7 · c33 · span 199505–199512
4Section 08, John SwallowDEF 14A2026-05-010001654954-26-004296Section “Director Compensation”. As printed: 0. Filing ↗
5Section 08, Grant BrackebuschDEF 14A2026-05-010001654954-26-004296Section “Director Compensation”. As printed: 0. Filing ↗
6Section 08, Kevin ShiellDEF 14A2026-05-010001654954-26-004296Section “Director Compensation”. As printed: —. Filing ↗
7Section 08, Richard BeavenDEF 14A2026-05-010001654954-26-004296Section “Director Compensation”. As printed: —. Filing ↗
8Section 08, Carolyn TurnerDEF 14A2026-05-010001654954-26-004296Section “Director Compensation”. As printed: —. Filing ↗
9Section 06, 2024 voteForm 8-K2024-06-180001654954-24-007919Item 5.07 · say-on-pay result. As reported: 99.53% (votes for as printed: 6,622,322). Filing ↗
10Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
11Section 09b board cost (computed)Computed——Cash 0 + equity 0 + all other 0 = 0, summed across the director compensation table rows.machine: formula: Σ = 0
12Idaho Strategic Resources (subject), Section 10b CEO totalDEF 14A2026-05-010001654954-26-004296CEO total compensation as printed in Idaho Strategic Resources's own proxy. As printed: 442,528. Filing ↗machine: r1 · c33 · span 172837–172844

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