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

Uranium Energy (UEC)

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.

$6,356,248
Amir Adnani total, FY2025
CEO pay percentile vs peers
93:1
CEO-to-median pay ratio
98.34%
Say-on-pay support, latest vote
Companies that benchmark against UEC
1 company names UEC as a compensation peer

Each company listed discloses UEC 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 UEC 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
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 FY20242025
Amir Adnani$6,356,248
Scott Melbye1,390,871
Josephine Man1,101,432
Brent Berg717,901
Pat Obara667,234

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
Josephine ManPSU2025-07-31$155,611
Amir AdnaniRSU2025-07-31330,682
Brent BergPSU2025-07-3125,56861,697
Amir AdnaniPSU2024-08-01270,4922,870,320
Brent BergPSU2024-08-01
Josephine ManPSU2024-10-01
Josephine ManRSU2025-07-3148,295419,201
Josephine ManRSU2024-10-0116,103100,000
Scott MelbyeRSU2025-07-3156,420489,726
Scott MelbyePSU2024-08-01
Pat ObaraPSU
Pat ObaraRSU2025-07-3125,568221,930
Amir AdnaniPSU2025-07-31350,0001,127,735
Brent BergRSU2025-07-3119,148166,205
Josephine ManOPTION2024-10-0124,41599,954
Scott MelbyePSU2025-07-31181,791
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Josephine Man$519,201$155,611$99,95420.1%
Amir Adnani03,998,0550100.0%
Brent Berg166,20561,697027.1%
Scott Melbye489,726181,791027.1%
Pat Obara221,930000.0%

% 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 AdnaniRSU330,6822,867,013
Scott MelbyePSU35,897311,227
Amir AdnaniRSU264,4812,293,050
Amir AdnaniPSU210,8971,828,477
Amir AdnaniPSU270,4921,462,454
Amir AdnaniRSU132,5641,149,330
Scott MelbyeRSU56,420489,161
Scott MelbyePSU56,420489,161
Brent BergOption17,9186.72
Josephine ManRSU48,295418,718
Josephine ManPSU48,295418,718
Scott MelbyeRSU40,274349,176
Pat ObaraRSU38,404332,963
Pat ObaraPSU29,167252,878
Scott MelbyePSU41,189222,694
Pat ObaraRSU25,568221,675
Pat ObaraPSU39,276212,351
Scott MelbyeRSU22,564195,630
Brent BergRSU19,148166,013
Brent BergPSU19,148166,013
Pat ObaraRSU18,334158,956
Josephine ManRSU16,103139,613
Brent BergRSU8,01569,490
Brent BergPSU8,19744,318
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
20242024-07-16201,199,2095,178,864752,24497.49%Passed
20232023-07-20140,353,2125,144,2782,082,01396.46%Passed
20222022-07-2182,723,7202,622,804814,77596.93%Passed
20212021-07-3061,372,4931,624,967749,41097.42%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
20242024-07-1697.49%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)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
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

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, 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, Josephine Man PSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
7Section 03, Amir Adnani RSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
8Section 03, Brent Berg PSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
9Section 03, Amir Adnani PSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
10Section 03, Brent Berg PSUDEF 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, Josephine Man RSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
13Section 03, Josephine Man RSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
14Section 03, Scott Melbye RSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
15Section 03, Scott Melbye PSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
16Section 03, Pat Obara PSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
17Section 03, Pat Obara RSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
18Section 03, Amir Adnani PSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
19Section 03, Brent Berg RSUDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
20Section 03, Josephine Man OPTIONDEF 14A2026-06-100001437749-26-020059Section “Grants of Plan Based Awards” · grants of plan-based awards table. Filing ↗
21Section 03, Scott Melbye PSUDEF 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: 97.49% (votes for as printed: 201,199,209). Filing ↗
26Section 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
27Uranium 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