Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-23

Uranium Energy (UEC)

CEO Amir Adnani was paid $6,356,248 in fiscal year 2025, ↑ up 18.5% from fiscal year 2024, the 99th percentile of its disclosed peer group (SEC filing 0001437749-26-020059 ↗): 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.

$6,356,248 ↑
Amir Adnani total, FY2025
99th
CEO pay percentile vs peers
93:1
CEO-to-median pay ratio
98.34%
Say-on-pay support, latest vote

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Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Amir Adnani (President and CEO), FY2025 total compensation $6,356,248 (base salary $660,000) [exec_comp, SEC accession 0001437749-26-020059, filed 2026-06-10]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

UEC's next annual pay disclosure, estimated June 14, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Amir Adnani$660,000$246,193$3,998,055$0$1,452,000$0$0$6,356,248
President and CEO
Scott Melbye351,74967,605671,5160300,000001,390,871
Executive Vice President
Josephine Man166,6670674,81299,954160,000001,101,432
Chief Financial Officer, Treasurer and Secretary
Brent Berg320,0000227,9010170,00000717,901
Senior Vice President, U.S. Operations
Pat Obara243,800201,504221,9300000667,234
Former Secretary, Treasurer and 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 FY2024→2025
Amir Adnani$6,356,248$5,365,453$3,700,780↑ +990,795
Scott Melbye1,390,8711,139,699833,477↑ +251,172
Josephine Man1,101,432———
Brent Berg717,901285,601—↑ +432,300
Pat Obara667,234996,603651,976↓ −329,369

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 UEC
2 companies name UEC as a compensation peer

The list of companies that name UEC as a peer is temporarily unavailable — recheck shortly.

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
Amir AdnaniCEO$6,356,248
Josephine ManCFO$1,101,432
Brent BergSVP$717,901
Pat ObaraCFO$667,234
Scott MelbyeEVP$1,390,871
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
Brent BergRSU2025-07-31——19,148—$166,205
Josephine ManPSU2024-10-01—————
Josephine ManRSU2025-07-31——48,295—419,201
Scott MelbyePSU2025-07-31————181,791
Pat ObaraRSU2025-07-31——25,568—221,930
Josephine ManPSU2025-07-31————155,611
Amir AdnaniRSU2025-07-31——330,682——
Brent BergPSU2025-07-31——25,568—61,697
Amir AdnaniPSU2024-08-01——270,492—2,870,320
Brent BergPSU2024-08-01—————
Josephine ManRSU2024-10-01——16,103—100,000
Scott MelbyeRSU2025-07-31——56,420—489,726
Scott MelbyePSU2024-08-01—————
Pat ObaraPSU——————
Amir AdnaniPSU2025-07-31——350,000—1,127,735
Josephine ManOPTION2024-10-01——24,415—99,954
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Brent Berg$166,205$61,697$027.1%
Josephine Man519,201155,61199,95420.1%
Scott Melbye489,726181,791027.1%
Pat Obara221,930000.0%
Amir Adnani03,998,0550100.0%

% 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
Amir AdnaniPSU350,000—$3,034,500
Amir AdnaniRSU330,682—2,867,013
Scott MelbyePSU35,897—311,227
Amir AdnaniRSU264,481—2,293,050
Amir AdnaniPSU210,897—1,828,477
Amir AdnaniPSU270,492—1,462,454
Amir AdnaniRSU132,564—1,149,330
Scott MelbyeRSU56,420—489,161
Scott MelbyePSU56,420—489,161
Brent BergOption17,9186.72—
Josephine ManRSU48,295—418,718
Josephine ManPSU48,295—418,718
Scott MelbyeRSU40,274—349,176
Pat ObaraRSU38,404—332,963
Pat ObaraPSU29,167—252,878
Scott MelbyePSU41,189—222,694
Pat ObaraRSU25,568—221,675
Pat ObaraPSU39,276—212,351
Scott MelbyeRSU22,564—195,630
Brent BergRSU19,148—166,013
Brent BergPSU19,148—166,013
Pat ObaraRSU18,334—158,956
Josephine ManRSU16,103—139,613
Brent BergRSU8,015—69,490
Brent BergPSU8,197—44,318
Amir AdnaniOption38,3053.98—
Josephine ManOption18,3116.21—
Scott MelbyeOption6,5203.98—
Pat ObaraOption5,2983.98—
05

Incentive-plan design — the Compensation Discussion & Analysis

Compensation is based on comparisons of other companies' remunerations and the value of the executive's expertise. The program aims to motivate executive performance and retention while aligning with stockholder value creation.

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
20262026-07-23299,936,4555,059,1821,242,32398.34%Passed
20252025-07-17215,474,83910,728,374690,73795.26%Passed
20242024-07-16201,199,2095,178,864752,24497.14%Passed
20232023-07-20140,353,2125,144,2782,082,01395.1%Passed
20222022-07-2182,723,7202,622,804814,77596.01%Passed
20212021-07-3061,372,4931,624,967749,41096.28%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
20262026-07-2398.34%a
20252025-07-1795.26%b
20242024-07-1697.14%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Approved under the standard stated in the filing — “Abstentions are deemed to be "votes cast" and will have the same effect as a vote against this proposal.”.

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)93 : 1
CEO total compensation—
Median employee compensation$68,387
09

Board fee structure and ownership guideline

Annual cash retainer$38,000
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)12,500 / 10,000 / 5,000
Stock ownership guideline—
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.

Alligator Energy LimitedURG Ur-Energy Inc.WSTRF Western Uranium & Vanadium Corp.CLNE Energy Fuels Inc.
10a

Peer reciprocity

Of the companies Uranium Energy 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.

✓ Ur-Energy Inc. (URG)31 Western Uranium & Vanadium Corp. (WSTRF)— Energy Fuels Inc. (CLNE)32

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 Uranium Energy.

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
1Uranium Energy2025Amir Adnani$660,000$3,998,055$0$1,452,000$6,356,248
2Energy Fuels Inc.2025Andrew Littlefair787,062947,8680867,9732,698,546
3Ur-Energy Inc.2025Matthew Gili209,44389,729287,5460839,741
—Western Uranium & Vanadium Corp.——————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
Uranium Energynot disclosednot disclosednot disclosednot disclosed
Energy Fuels Inc.111%RSU 50 · PSU 50NoSemler Brossy
Ur-Energy Inc.not disclosednot disclosednot disclosedZayla
Western Uranium & Vanadium Corp.not disclosednot disclosednot disclosednot disclosed

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 Uranium Energy in fiscal 2025?
As disclosed, Amir Adnani (President and CEO) was the highest-paid executive at Uranium Energy in fiscal 2025, with total compensation of $6,356,248.
How does Uranium Energy's chief executive pay compare to its disclosed peer group?
As disclosed, Amir Adnani's total compensation ranked at the 99th percentile of Uranium Energy's disclosed peer group.
What is Uranium Energy's CEO-to-median employee pay ratio?
As disclosed, Uranium Energy's CEO-to-median employee pay ratio was 93:1.
How did shareholders vote on Uranium Energy's executive compensation?
As disclosed, 98.34% of shareholders supported Uranium Energy's executive compensation in the latest say-on-pay vote.

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, Amir AdnaniDEF 14A2026-06-100001437749-26-020059Section “Summary Compensation Table”. As printed: 6,356,248. Filing ↗machine: r1 · c31 · span 586648–586657
2Section 01, Scott MelbyeDEF 14A2026-06-100001437749-26-020059Section “Summary Compensation Table”. As printed: 1,390,871. Filing ↗machine: r9 · c31 · span 630517–630526
3Section 01, Josephine ManDEF 14A2026-06-100001437749-26-020059Section “Summary Compensation Table”. As printed: 1,101,432. Filing ↗machine: r5 · c31 · span 608838–608847
4Section 01, Brent BergDEF 14A2026-06-100001437749-26-020059Section “Summary Compensation Table”. As printed: 717,901. Filing ↗machine: r13 · c32 · span 651988–651995
5Section 01, Pat ObaraDEF 14A2026-06-100001437749-26-020059Section “Summary Compensation Table”. As printed: 667,234. Filing ↗machine: r17 · c31 · span 673791–673798
6Section 03, Brent Berg RSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
7Section 03, Josephine Man PSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
8Section 03, Josephine Man RSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
9Section 03, Scott Melbye PSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
10Section 03, Pat Obara RSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
11Section 03, Josephine Man PSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
12Section 03, Amir Adnani RSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
13Section 03, Brent Berg PSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
14Section 03, Amir Adnani PSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
15Section 03, Brent Berg PSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
16Section 03, Josephine Man RSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
17Section 03, Scott Melbye RSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
18Section 03, Scott Melbye PSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
19Section 03, Pat Obara PSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
20Section 03, Amir Adnani PSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
21Section 03, Josephine Man OPTIONDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
22Section 07, pay ratioDEF 14A2026-06-100001437749-26-020059Section “CEO Pay Ratio”. As printed: 93 : 1. Filing ↗
23Section 06, 2026 voteForm 8-K2026-07-230001437749-26-024336Item 5.07 · say-on-pay result. As reported: 98.34% (votes for as printed: 299,936,455). Filing ↗
24Section 06, 2025 voteForm 8-K2025-07-170001437749-25-022950Item 5.07 · say-on-pay result. As reported: 95.26% (votes for as printed: 215,474,839). Filing ↗
25Section 06, 2024 voteForm 8-K2024-07-170001437749-24-022922Item 5.07 · say-on-pay result. As reported: 97.14% (votes for as printed: 201,199,209). Filing ↗
26Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
27Section 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
28Uranium Energy (subject), Section 10b CEO totalDEF 14A2026-06-100001437749-26-020059CEO total compensation as printed in Uranium Energy's own proxy. As printed: 6,356,248. Filing ↗machine: r1 · c31 · span 586648–586657
29Energy Fuels Inc., Section 10b CEO totalDEF 14A2026-04-300001104659-26-052378CEO total compensation as printed in Energy Fuels Inc.'s own proxy. As printed: 2,698,546. Filing ↗machine: t150 · r6 · c14 · span 789888–789897
30Ur-Energy Inc., Section 10b CEO totalDEF 14A2026-04-240001104659-26-048693CEO total compensation as printed in Ur-Energy Inc.'s own proxy. As printed: 839,741. Filing ↗
31Section 10a, Ur-Energy Inc. reciprocityDEF 14A—0001104659-26-048693Ur-Energy Inc. names Uranium Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗
32Section 10a, Energy Fuels Inc. reciprocityDEF 14A—0001104659-26-052378Energy Fuels Inc.'s most recent proxy was read; its disclosed peer group does not include Uranium Energy. Filing ↗

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