Velarion · Company Intelligence
Compensation Brief
Fiscal year 2026 · Filings through 2026-08-27

U.S. Gold (USAU)

CEO George Bee was paid $1,109,102 in fiscal year 2026, ↑ up 9.5% from fiscal year 2025 (SEC filing 0001493152-26-040300 ↗): 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.

$1,109,102 ↑
George Bee total, FY2026
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CEO pay percentile vs peers
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CEO-to-median pay ratio
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Sample answer — “What is the CEO’s total compensation?”
- George Bee (President and Chief Executive Officer (PEO)), FY2026 total compensation $1,109,102 (base salary $346,667) [exec_comp, SEC accession 0001493152-26-040300, filed 2026-08-27]

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USAU's next annual pay disclosure, estimated February 13, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2026

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
George Bee$346,667$340,000$250,948$171,487——$0$1,109,102
President and Chief Executive Officer (PEO)
Eric Alexander265,000260,000166,330122,494——0813,824
Chief Financial Officer and Corporate Secretary (Principal Financial and Accounting Officer)
Kevin Francis245,000180,000129,90997,986——0652,895
Vice President-Exploration and Technical Services

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 officerFY2026 totalFY2025 totalFY2024 totalΔ FY2025→2026
George Bee$1,109,102$1,012,670$300,000↑ +96,432
Eric Alexander813,824781,252240,000↑ +32,572
Kevin Francis652,895588,931220,000↑ +63,964

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 USAU
No companies currently name USAU as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

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.

ExecutiveRoleFY2026 total
George BeeCEO$1,109,102
Eric AlexanderCFO$813,824
Kevin FrancisExecutive$652,895
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2026 total
Johanna FipkeLead Independent Director$336,287
Luke NormanChair of the Board$893,021
Michael WaldkirchIndependent Director$336,619
Robert W. SchaferIndependent Director$342,619
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2026

ExecutiveAwardShares unvestedExercise priceMarket value unvested
George BeeRSU4,928—$80,918
Eric AlexanderRSU8,645—141,951
George BeeOption7,5977.65—
Kevin FrancisOption9,13219.24—
George BeeRSU13,043—214,166
Kevin FrancisRSU6,752—110,868
Eric AlexanderRSU3,584—58,849
Kevin FrancisRSU2,352—38,620
George BeeOption15,98219.24—
Eric AlexanderOption5,5257.65—
Eric AlexanderOption11,41619.24—
Kevin FrancisOption3,6267.65—
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company believes that executive compensation should be competitive with other companies of similar size and complexity, and should align the interests of executives with those of stockholders.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultant—
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingfalse
07

CEO pay ratio

Ratio (CEO : median employee)—
CEO total compensation—
Median employee compensation—
08

Director compensation — fiscal year 2026

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Luke NormanNot independent · Board Chair$32,000$184,534$171,487—$505,000$893,021
Robert W. SchaferIndependent48,000147,629146,990—0342,619
Michael WaldkirchIndependent42,000147,629146,990—0336,619
Johanna FipkeIndependent · Lead Independent Director41,668147,629146,990—0336,287
George BeeEmployee director · Partial-year service—————0
09

Board fee structure and ownership guideline

Annual cash retainer$32,000
Annual equity retainer$300,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)10,000 / 8,000 / 8,000
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2026
Cash retainers and fees$163,668
Equity awards (grant-date value)$627,421
All other compensation$505,000
Total cost of the board$1,296,089

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

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
1U.S. Gold2026George Bee$346,667$250,948$171,487—$1,109,102

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.

10d

Frequently asked questions

Who was the highest-paid executive at U.S. Gold in fiscal 2026?
As disclosed, George Bee (President and Chief Executive Officer (PEO)) was the highest-paid executive at U.S. Gold in fiscal 2026, with total compensation of $1,109,102.
How much does U.S. Gold spend in total on board compensation for fiscal 2026?
As disclosed, U.S. Gold reported total board compensation of $1,296,089 for fiscal 2026.

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, George BeeDEF 14A2026-08-270001493152-26-040300Section “Summary Compensation Table” · page 24. As printed: 1,109,102. Filing ↗
2Section 01, Eric AlexanderDEF 14A2026-08-270001493152-26-040300Section “Summary Compensation Table” · page 24. As printed: 813,824. Filing ↗
3Section 01, Kevin FrancisDEF 14A2026-08-270001493152-26-040300Section “Summary Compensation Table” · page 24. As printed: 652,895. Filing ↗
4Section 07, pay ratio10-K2026-07-290001493152-26-035188Section “CEO Pay Ratio”. As printed: —. Filing ↗
5Section 08, Luke NormanDEF 14A2026-08-270001493152-26-040300Section “Director Compensation”. As printed: 893,021. Filing ↗machine: span 314812–314883
6Section 08, Robert W. SchaferDEF 14A2026-08-270001493152-26-040300Section “Director Compensation”. As printed: 342,619. Filing ↗machine: span 316969–317040
7Section 08, Michael WaldkirchDEF 14A2026-08-270001493152-26-040300Section “Director Compensation”. As printed: 336,619. Filing ↗machine: span 319126–319197
8Section 08, Johanna FipkeDEF 14A2026-08-270001493152-26-040300Section “Director Compensation”. As printed: 336,287. Filing ↗machine: span 321268–321339
9Section 08, George BeeDEF 14A2026-08-270001493152-26-040300Section “Director Compensation”. As printed: 0. Filing ↗
10Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
11Section 09b board cost (computed)Computed——Cash 163,668 + equity 627,421 + all other 505,000 = 1,296,089, summed across the director compensation table rows.machine: formula: Σ = 1,296,089
12U.S. Gold (subject), Section 10b CEO totalDEF 14A2026-08-270001493152-26-040300CEO total compensation as printed in U.S. Gold's own proxy. As printed: 1,109,102. Filing ↗

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