CEO Barbara Humpton was paid $11,704,645 in fiscal year 2025 (SEC filing 0001213900-26-047155 ↗): 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.
$11,704,645 Barbara Humpton total, FY2025 | — CEO pay percentile vs peers | — CEO-to-median pay ratio | — Say-on-pay support, latest vote |
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| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Barbara Humpton | $167,308 | $0 | $11,536,719 | $0 | $0 | $0 | $627 | $11,704,645 |
| Chief Executive Officer | ||||||||
| Joshua Ballard | 351,346 | 0 | 4,637,862 | 0 | 0 | 0 | 526,879 | 5,516,087 |
| Former Chief Executive Officer | ||||||||
| William Robert Steele Jr. | 311,539 | 246,181 | 4,245,589 | 0 | 0 | 0 | 23,962 | 4,827,271 |
| Chief Financial Officer | ||||||||
| David Kronenfeld | 305,000 | 195,000 | 1,622,238 | 0 | 0 | 0 | 120,192 | 2,242,430 |
| Former Chief Legal 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Barbara Humpton | $11,704,645 | — | — | — |
| Joshua Ballard | 5,516,087 | — | — | — |
| William Robert Steele Jr. | 4,827,271 | — | — | — |
| David Kronenfeld | 2,242,430 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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This is the complete answer, not a partial one — the list is never padded.
One page per director: the seat, the committees and the fee table, read for one person at a time.
| Director | Role | FY2025 total |
|---|---|---|
| Carolyn Trabuco | Independent Director | $678,813 |
| Michael Blitzer | Director | $702,768 |
| Michael Senft | Independent Director | $674,821 |
| Mordechai Gutnick | Independent Director | $662,845 |
| Otto Schwethelm | Independent Director | $680,809 |
| Paul Kern | Independent Director | $668,833 |
| Tready Smith | Director | $658,853 |
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Barbara Humpton | RSU | 2025-10-01 | — | — | 62,666 | — | $1,000,000 |
| Barbara Humpton | RSU | 2025-10-01 | — | — | 250,662 | — | 4,000,000 |
| Joshua Ballard | RSU | — | — | — | 90,992 | — | — |
| Barbara Humpton | RSU | 2025-10-01 | — | — | 313,327 | — | 5,000,000 |
| William Robert Steele Jr. | RSU | — | — | — | 90,992 | — | — |
| David Kronenfeld | RSU | — | — | — | 27,298 | — | — |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Barbara Humpton | $10,000,000 | $0 | $0 | 0.0% |
% 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 |
|---|---|---|---|---|
| David Kronenfeld | RSU | 18,199 | — | $216,568 |
| Barbara Humpton | RSU | 313,327 | — | 3,728,591 |
| Barbara Humpton | RSU | 250,662 | — | 2,982,878 |
| Joshua Ballard | RSU | 181,984 | — | 2,165,610 |
| Joshua Ballard | RSU | 90,992 | — | 1,082,805 |
| William Robert Steele Jr. | RSU | 90,992 | — | 1,082,805 |
| Barbara Humpton | RSU | 62,666 | — | 745,725 |
| William Robert Steele Jr. | RSU | 62,666 | — | 745,725 |
| David Kronenfeld | RSU | 40,947 | — | 487,269 |
| David Kronenfeld | RSU | 27,298 | — | 324,846 |
| David Kronenfeld | RSU | 11,095 | — | 132,031 |
The Company's compensation program is designed to attract, retain, and motivate highly qualified executives and directors by providing competitive compensation that aligns with the Company's performance and shareholder interests.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Meridian |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Michael BlitzerNot independent · Nominating and Corporate Governance Committee | $91,818 | $610,950 | — | — | — | $702,768 |
| Otto SchwethelmIndependent · Audit Committee (Chair) · Compensation Committee | 69,859 | 610,950 | — | — | — | 680,809 |
| Carolyn TrabucoIndependent · Audit Committee · Compensation Committee (Chair) | 67,862 | 610,950 | — | — | — | 678,813 |
| Michael SenftIndependent · Audit Committee · Nominating and Corporate Governance Committee (Chair) | 63,871 | 610,950 | — | — | — | 674,821 |
| Paul KernIndependent · Compensation Committee · Nominating and Corporate Governance Committee · Not standing for re-election | 57,883 | 610,950 | — | — | — | 668,833 |
| Mordechai GutnickIndependent · Nominating and Corporate Governance Committee · Not standing for re-election | 51,895 | 610,950 | — | — | — | 662,845 |
| Tready Smith | 47,903 | 610,950 | — | — | — | 658,853 |
| Joshua BallardEmployee director · Departed during FY | — | — | — | — | — | 0 |
| Barbara HumptonEmployee director | — | — | — | — | — | 0 |
| Dr. Thomas CaulfieldIndependent · Compensation Committee · Nominating and Corporate Governance Committee · Newly elected | — | — | — | — | — | — |
| Annual cash retainer | $60,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 15,000 / 10,000 |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $451,091 |
| Equity awards (grant-date value) | $4,276,650 |
| All other compensation | $0 |
| Total cost of the board | $4,727,741 |
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 | USA Rare Earth | 2025 | Barbara Humpton | $167,308 | $11,536,719 | $0 | $0 | $11,704,645 |
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, Barbara Humpton | DEF 14A | 2026-04-23 | 0001213900-26-047155 | Section “Summary Compensation Table”. As printed: 11,704,645. Filing ↗machine: r1 · c14 · span 639500–639510 |
| 2 | Section 01, Joshua Ballard | DEF 14A | 2026-04-23 | 0001213900-26-047155 | Section “Summary Compensation Table”. As printed: 5,516,087. Filing ↗machine: r3 · c14 · span 654537–654546 |
| 3 | Section 01, William Robert Steele Jr. | DEF 14A | 2026-04-23 | 0001213900-26-047155 | Section “Summary Compensation Table”. As printed: 4,827,271. Filing ↗machine: r5 · c14 · span 672306–672315 |
| 4 | Section 01, David Kronenfeld | DEF 14A | 2026-04-23 | 0001213900-26-047155 | Section “Summary Compensation Table”. As printed: 2,242,430. Filing ↗machine: r7 · c14 · span 687328–687337 |
| 5 | Section 03, Barbara Humpton RSU | DEF 14A | 2026-04-23 | 0001213900-26-047155 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 707443–707453 |
| 6 | Section 03, Barbara Humpton RSU | DEF 14A | 2026-04-23 | 0001213900-26-047155 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 707079–707089 |
| 7 | Section 03, Joshua Ballard RSU | DEF 14A | 2026-04-23 | 0001213900-26-047155 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 723025–723031 |
| 8 | Section 03, Barbara Humpton RSU | DEF 14A | 2026-04-23 | 0001213900-26-047155 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 707259–707269 |
| 9 | Section 03, William Robert Steele Jr. RSU | DEF 14A | 2026-04-23 | 0001213900-26-047155 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗ |
| 10 | Section 03, David Kronenfeld RSU | DEF 14A | 2026-04-23 | 0001213900-26-047155 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 722082–722088 |
| 11 | Section 08, Michael Blitzer | DEF 14A | 2026-04-23 | 0001213900-26-047155 | Section “Director Compensation”. As printed: 702,768. Filing ↗machine: span 816873–817252 |
| 12 | Section 08, Otto Schwethelm | DEF 14A | 2026-04-23 | 0001213900-26-047155 | Section “Director Compensation”. As printed: 680,809. Filing ↗machine: span 828667–829046 |
| 13 | Section 08, Carolyn Trabuco | DEF 14A | 2026-04-23 | 0001213900-26-047155 | Section “Director Compensation”. As printed: 678,813. Filing ↗machine: span 840560–840939 |
| 14 | Section 08, Michael Senft | DEF 14A | 2026-04-23 | 0001213900-26-047155 | Section “Director Compensation”. As printed: 674,821. Filing ↗machine: span 832611–832990 |
| 15 | Section 08, Paul Kern | DEF 14A | 2026-04-23 | 0001213900-26-047155 | Section “Director Compensation”. As printed: 668,833. Filing ↗machine: span 824741–825120 |
| 16 | Section 08, Mordechai Gutnick | DEF 14A | 2026-04-23 | 0001213900-26-047155 | Section “Director Compensation”. As printed: 662,845. Filing ↗machine: span 820801–821180 |
| 17 | Section 08, Tready Smith | DEF 14A | 2026-04-23 | 0001213900-26-047155 | Section “Director Compensation”. As printed: 658,853. Filing ↗machine: span 836614–836993 |
| 18 | Section 08, Joshua Ballard | DEF 14A | 2026-04-23 | 0001213900-26-047155 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 19 | Section 08, Barbara Humpton | DEF 14A | 2026-04-23 | 0001213900-26-047155 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 20 | Section 08, Dr. Thomas Caulfield | DEF 14A | 2026-04-23 | 0001213900-26-047155 | Section “Director Compensation”. As printed: —. Filing ↗ |
| 21 | Section 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 |
| 22 | Section 09b board cost (computed) | Computed | — | — | Cash 451,091 + equity 4,276,650 + all other 0 = 4,727,741, summed across the director compensation table rows.machine: formula: Σ = 4,727,741 |
| 23 | USA Rare Earth (subject), Section 10b CEO total | DEF 14A | 2026-04-23 | 0001213900-26-047155 | CEO total compensation as printed in USA Rare Earth's own proxy. As printed: 11,704,645. Filing ↗machine: r1 · c14 · span 639500–639510 |