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Materials & Chemicals

McEwen Executive Compensation (FY25)

MUX · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Robert McEwen
Latest say-on-pay support
=
June 19, 2025
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7 filings cited on this page
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255 figures on this page: 250 cited to the filing that reported them, 5 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Robert McEwen: $4,907 → $776,549

Frequently asked questions

Answers drawn from the data on this page.
Who is McEwen's chief executive and what were they paid?
Robert McEwen was paid $776,549 in total compensation as Chairman and Chief Executive Officer for fiscal 2025. Compared with the $4,907 reported for fiscal 2024, McEwen's total was up.
What was McEwen's say-on-pay result?
The say-on-pay proposal drew 97.3% of votes cast for or against in favor at the meeting held June 19, 2025 for fiscal 2024.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William Shaver
Chief Operating Officer
◇——————◇
Perry Ing
Interim Chief Financial Officer
◇——————◇
Stefan Spears
Vice President – Corporate Development
◇—————◇◇
Robert McEwen
Chairman and Chief Executive Officer
◇—————◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William Shaver
Chief Operating Officer
◇◇◇◇———◇
Perry Ing
Interim Chief Financial Officer
◇◇◇◇———◇
Carmen Diges
General Counsel and Corporate Secretary
◇◇◇◇——◇◇
Stefan Spears
Vice President – Corporate Development
◇◇◇◇——◇◇
Robert McEwen
Chairman and Chief Executive Officer
◇——◇——◇◇
Jeff Chan
Vice President – Finance
◇◇—◇——◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William Shaver
Chief Operating Officer
◇◇————◇◇
Perry Ing
Interim Chief Financial Officer
◇◇————◇◇
Jeff Chan
Vice President – Finance
◇◇————◇◇
Stefan Spears
Vice President – Corporate Development
◇◇————◇◇
Robert McEwen
Chairman and Chief Executive Officer
◇—————◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William Shaver
Chief Operating Officer
◇◇—◇——◇◇
Robert McEwen
Chairman and Chief Executive Officer
◇——◇——◇◇
Perry Ing
Chief Financial Officer
◇◇—◇——◇◇
Carmen Diges
General Counsel and Corporate Secretary
◇◇—◇——◇◇
Jeffrey Chan
Vice President – Finance
◇◇—◇——◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Carmen DigesRSU◇——◇——◇
Carmen DigesRSU◇——◇——◇
Carmen DigesRSU◇——◇——◇
Carmen DigesRSU◇——◇——◇
Carmen DigesOPTION◇——◇—◇◇
Jeffrey ChanRSU◇——◇——◇
Jeffrey ChanRSU◇——◇——◇
Jeffrey ChanRSU◇——◇——◇
Jeffrey ChanOPTION◇——◇—◇◇
Perry IngRSU◇——◇——◇
Perry IngRSU◇——◇——◇
Perry IngRSU◇——◇——◇
Perry IngRSU◇——◇——◇
Perry IngOPTION◇——◇—◇◇
Robert R. McEwenOPTION◇——◇—◇◇
William ShaverRSU◇——◇——◇
William ShaverRSU◇——◇——◇
William ShaverRSU◇——◇——◇
William ShaverOPTION◇——◇—◇◇
William ShaverRSU◇——◇——◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Robert McEwenOption◇—◇August 11, 2030
Option◇—◇June 28, 2028
William ShaverOption◇—◇August 11, 2030
Option◇—◇June 28, 2028
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Perry IngOption◇—◇August 11, 2030
Option◇—◇June 28, 2028
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Carmen DigesOption◇—◇August 11, 2030
Option◇—◇June 28, 2028
RSU◇=——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Jeffrey ChanOption◇—◇August 11, 2030
Option◇—◇June 28, 2028
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Richard Brissenden
◇—◇———◇
Ian Ball
◇—◇———◇
William Shaver
◇◇◇———◇
Nicolas Darveau-Garneau
◇◇◇———◇
Michelle Makori
◇◇◇———◇
Robert R. McEwen
Board chair
——◇———◇
John Florek
—◇◇———◇
Dalia Asterbadi
—◇◇———◇
Michael Melanson
◇—◇———◇
Steve Kaszas
—◇◇———◇
Alfred Colas
◇—◇———◇
Allan Ambrose
◇—————◇
Robin Dunbar
◇—————◇
Merri Sanchez
◇—————◇
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Equity is delivered as Options.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2024June 19, 2025=◇◇◇
2021July 7, 2022=◇◇◇
2018May 23, 2019=◇◇◇
2015May 31, 2016=◇◇◇

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Sample answer — “What is the CEO’s total compensation?”
- Robert McEwen (Chairman and Chief Executive Officer), FY2025 total compensation $776,549 (base salary $1) [exec_comp, SEC accession 0001104659-26-048627, filed 2026-04-24]

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What this page does not include

Everything above is a fact McEwen disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
255 figures on this page: 250 cited to the filing that reported them, 5 calculated from figures it prints.
250 cited to the filing
5 calculated from the filing

Documents cited

  1. 0001104659-26-048627
    DIRECTOR COMPENSATION · GRANTS OF PLAN BASED AWARDS
  2. 0001104659-25-062578
    Proposal 2 Election results for the proposal to approve, on an advisory basis, the compensation of the Company’s named executive officers are as follows: For Against Abstain Broker Non-Votes
  3. 0001104659-25-042532
  4. 0001104659-24-062782
    Summary Compensation Table
  5. 0001104659-22-079225
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  6. 0001104659-19-032418
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  7. 0001104659-16-125435
    Item 5.07. Submission of Matters to a Vote of Security Holders.
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “McEwen executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/MUX (accessed 2026).
Short form: data: Velarion

The McEwen brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $2,400.
7 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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