Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-24

Perpetua Resources (PPTA)

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.

$3,549,185
Michael Wright total, FY2025
Former Vice President, Projectshighest-paid officer; CEO Jonathan Cherry: $2,463,823
CEO (Jonathan Cherry) pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against PPTA
1 company names PPTA as a compensation peer

Each company listed discloses PPTA 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 PPTA 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
Michael Wright$294,407$0$478,235$0$115,229$0$2,661,314$3,549,185
Former Vice President, Projects
Jonathan Cherry458,7500797,07301,188,000020,0002,463,823
President and Chief Executive Officer
Mckinsey Lyon221,9600330,8850270,00009,613832,458
Senior Vice President, External Affairs
Jessica Largent264,4570398,3700132,229010,578805,634
Former Chief Financial Officer
Mark Murchison100,000383,160136,1260619,286
Chief Financial 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
Michael Wright$3,549,185
Jonathan Cherry2,463,823
Mckinsey Lyon832,458
Jessica Largent805,634
Mark Murchison619,286

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.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Michael WrightRSU90,657$2,194,806
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Michael Wright$2,194,806$0$00.0%

% 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
Jessica LargentPSU51,718$1,252,093
Jonathan CherryPSU50,0001,210,500
Jessica LargentPSU42,8921,038,415
Mckinsey LyonPSU40,910990,431
Jonathan CherryRSU38,174924,193
Jonathan CherryPSU38,174924,193
Jessica LargentRSU34,479834,737
Mckinsey LyonPSU33,929821,421
Mckinsey LyonRSU27,273660,279
Jessica LargentRSU19,079461,903
Jessica LargentPSU19,079461,903
Mckinsey LyonRSU15,847383,656
Mckinsey LyonPSU15,847383,656
Jessica LargentRSU14,297346,130
Mark MurchisonPSU12,000290,520
Mckinsey LyonRSU11,310273,815
Mark MurchisonRSU8,000193,680
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
09

Board fee structure and ownership guideline

Annual cash retainer$25,240
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)12,208 / 4,940
Stock ownership guideline$75,720
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
1Perpetua Resources2025Jonathan Cherry$458,750$797,073$0$1,188,000$2,463,823

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, Michael WrightDEF 14A2026-04-240001104659-26-048110Section “Executive Compensation”. As printed: 3,549,185. Filing ↗machine: span 603978–603987
2Section 01, Jonathan CherryDEF 14A2026-04-240001104659-26-048110Section “Executive Compensation”. As printed: 2,463,823. Filing ↗machine: span 581674–581683
3Section 01, Mckinsey LyonDEF 14A2026-04-240001104659-26-048110Section “Executive Compensation”. As printed: 832,458. Filing ↗machine: span 592568–592575
4Section 01, Jessica LargentDEF 14A2026-04-240001104659-26-048110Section “Executive Compensation”. As printed: 805,634. Filing ↗machine: span 596616–596623
5Section 01, Mark MurchisonDEF 14A2026-04-240001104659-26-048110Section “Executive Compensation”. As printed: 619,286. Filing ↗
6Section 03, Michael Wright RSUDEF 14A2026-04-240001104659-26-048110Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 612872–612882
7Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
8Perpetua Resources (subject), Section 10b CEO totalDEF 14A2026-04-240001104659-26-048110CEO total compensation as printed in Perpetua Resources's own proxy. As printed: 2,463,823. Filing ↗machine: span 581674–581683