CEO Zack Arnold was paid $38,880,448 in fiscal year 2025 (SEC filing 0002029118-26-000041 ↗): 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.
$38,880,448 Zack Arnold total, FY2025 | — CEO pay percentile vs peers | — CEO-to-median pay ratio | 96.43% Say-on-pay support, latest vote |
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INR's next annual pay disclosure, estimated April 24, 2027.est. Filing ↗
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Zack Arnold | $410,349 | $1,000 | $2,899,009 | $34,959,578 | $552,500 | $0 | $58,012 | $38,880,448 |
| President, Chief Executive Officer and Director | ||||||||
| David Sproule | 410,349 | 1,000 | 2,899,009 | 34,959,578 | 552,500 | 0 | 52,052 | 38,874,488 |
| Executive Vice President, Chief Financial Officer and Director | ||||||||
| Raleigh Wolfe | 338,731 | 1,000 | 3,084,474 | 0 | 341,250 | 0 | 38,391 | 3,803,846 |
| 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Zack Arnold | $38,880,448 | — | — | — |
| David Sproule | 38,874,488 | — | — | — |
| Raleigh Wolfe | 3,803,846 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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Each company listed discloses INR 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 INR in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
One page per director: the seat, the committees and the fee table, read for one person at a time.
| Director | Role | FY2025 total |
|---|---|---|
| David Poole | Independent Director | $235,000 |
| Katherine M. Gallagher | Independent Director | $225,000 |
| Sarah James | Former director (through FY2025) | $245,000 |
| Scott Gieselman | Independent Director | $240,000 |
| Steven Gray | Independent Director | $300,000 |
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Raleigh Wolfe | PSU | 2025-03-17 | — | — | 43,529 | — | — |
| Zack Arnold | PSU | 2025-03-17 | — | — | 130,586 | — | — |
| David Sproule | PSU | 2025-03-17 | — | — | 130,586 | — | — |
| Raleigh Wolfe | RSU | 2025-02-03 | — | — | 62,500 | — | — |
Grant-level vehicle detail not disclosed.
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Zack Arnold | PSU | 130,586 | — | $1,923,532 |
| Raleigh Wolfe | RSU | 62,500 | — | 920,625 |
| David Sproule | PSU | 130,586 | — | 1,923,532 |
| Raleigh Wolfe | RSU | 43,529 | — | 641,182 |
Executive compensation programs are designed to attract, motivate and retain Named Executive Officers who are critical to the Company's success.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | — |
| Anti-pledging | — |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-06-09 | 67,036,003 | 2,484,190 | 1,525,037 | 96.43% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-06-09 | 96.43%a |
a. 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.
| Ratio (CEO : median employee) | — |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Steven GrayIndependent · Compensation | $0 | $300,000 | — | — | — | $300,000 |
| Sarah JamesIndependent · Departed during FY | 0 | 245,000 | — | — | — | 245,000 |
| Scott GieselmanIndependent · Audit (Chair) · Compensation | 0 | 240,000 | — | — | — | 240,000 |
| David PooleIndependent · Audit · Compensation · Nominating/Governance | 0 | 235,000 | — | — | — | 235,000 |
| Katherine M. GallagherIndependent · Audit · Nominating/Governance (Chair) | 0 | 225,000 | — | — | — | 225,000 |
| Zack ArnoldEmployee director | — | — | — | — | — | 0 |
| David SprouleEmployee director · Not standing for re-election | — | — | — | — | — | 0 |
| Scott McNeillIndependent · Audit · Newly elected | — | — | — | — | — | — |
| Matthew KellyIndependent · Nominating, Governance and Sustainability · Newly elected | — | — | — | — | — | — |
| Annual cash retainer | $65,000 |
|---|---|
| Annual equity retainer | $160,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 15,000 / 10,000 |
| Stock ownership guideline | $325,000 |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $0 |
| Equity awards (grant-date value) | $1,245,000 |
| All other compensation | $0 |
| Total cost of the board | $1,245,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
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 | Infinity Natural Resources | 2025 | Zack Arnold | $410,349 | $2,899,009 | $34,959,578 | $552,500 | $38,880,448 |
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.
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.
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.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Zack Arnold | DEF 14A | 2026-04-24 | 0002029118-26-000041 | Section “Executive Compensation”. As printed: 38,880,448. Filing ↗machine: r2 · c48 · span 196945–196956 |
| 2 | Section 01, David Sproule | DEF 14A | 2026-04-24 | 0002029118-26-000041 | Section “Executive Compensation”. As printed: 38,874,488. Filing ↗machine: r4 · c48 · span 201906–201917 |
| 3 | Section 01, Raleigh Wolfe | DEF 14A | 2026-04-24 | 0002029118-26-000041 | Section “Executive Compensation”. As printed: 3,803,846. Filing ↗machine: r6 · c48 · span 206914–206924 |
| 4 | Section 03, Raleigh Wolfe PSU | DEF 14A | 2026-04-24 | 0002029118-26-000041 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 253502–253508 |
| 5 | Section 03, Zack Arnold PSU | DEF 14A | 2026-04-24 | 0002029118-26-000041 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 237875–237882 |
| 6 | Section 03, David Sproule PSU | DEF 14A | 2026-04-24 | 0002029118-26-000041 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗ |
| 7 | Section 03, Raleigh Wolfe RSU | DEF 14A | 2026-04-24 | 0002029118-26-000041 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 237728–237734 |
| 8 | Section 07, pay ratio | 10-K | 2026-03-10 | 0002029118-26-000014 | Section “CEO Pay Ratio”. As printed: —. Filing ↗ |
| 9 | Section 08, Steven Gray | DEF 14A | 2026-04-24 | 0002029118-26-000041 | Section “Director Compensation”. As printed: 300,000. Filing ↗ |
| 10 | Section 08, Sarah James | DEF 14A | 2026-04-24 | 0002029118-26-000041 | Section “Director Compensation”. As printed: 245,000. Filing ↗machine: span 289174–289384 |
| 11 | Section 08, Scott Gieselman | DEF 14A | 2026-04-24 | 0002029118-26-000041 | Section “Director Compensation”. As printed: 240,000. Filing ↗ |
| 12 | Section 08, David Poole | DEF 14A | 2026-04-24 | 0002029118-26-000041 | Section “Director Compensation”. As printed: 235,000. Filing ↗ |
| 13 | Section 08, Katherine M. Gallagher | DEF 14A | 2026-04-24 | 0002029118-26-000041 | Section “Director Compensation”. As printed: 225,000. Filing ↗machine: span 285713–285977 |
| 14 | Section 08, Zack Arnold | DEF 14A | 2026-04-24 | 0002029118-26-000041 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 15 | Section 08, David Sproule | DEF 14A | 2026-04-24 | 0002029118-26-000041 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 16 | Section 08, Scott McNeill | DEF 14A | 2026-04-24 | 0002029118-26-000041 | Section “Director Compensation”. As printed: —. Filing ↗ |
| 17 | Section 08, Matthew Kelly | DEF 14A | 2026-04-24 | 0002029118-26-000041 | Section “Director Compensation”. As printed: —. Filing ↗ |
| 18 | Section 06, 2026 vote | Form 8-K | 2026-06-10 | 0002029118-26-000056 | Item 5.07 · say-on-pay result. As reported: 96.43% (votes for as printed: 67,036,003). Filing ↗ |
| 19 | Section 09b board cost (computed) | Computed | — | — | Cash 0 + equity 1,245,000 + all other 0 = 1,245,000, summed across the director compensation table rows.machine: formula: Σ = 1,245,000 |
| 20 | Infinity Natural Resources (subject), Section 10b CEO total | DEF 14A | 2026-04-24 | 0002029118-26-000041 | CEO total compensation as printed in Infinity Natural Resources's own proxy. As printed: 38,880,448. Filing ↗machine: r2 · c48 · span 196945–196956 |
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