NOVAGOLD RESOURCES INC Files DEF 14A for Executive Compensation

Ticker: NG · Form: DEF 14A · Filed: 2024-03-22T00:00:00.000Z

Sentiment: neutral

Topics: executive-compensation, proxy-statement, equity-awards

TL;DR

NOVAGOLD DEF 14A out: exec comp details, stock/option awards, fair values for FY23.

AI Summary

NOVAGOLD RESOURCES INC filed a DEF 14A on March 22, 2024, for the fiscal year ending November 30, 2023. The filing details executive compensation and equity awards, including stock and option awards granted to both PEO (Principal Executive Officer) and Non-PEO members. It also reports on the fair value of these awards at fiscal year-end and prior fiscal year-end.

Why It Matters

This filing provides transparency into how NOVAGOLD RESOURCES INC compensates its top executives, which can influence investor decisions and perceptions of corporate governance.

Risk Assessment

Risk Level: low — This is a routine annual filing detailing executive compensation and is not indicative of immediate financial risk.

Key Players & Entities

NOVAGOLD RESOURCES INC (company) — Filer of the DEF 14A
20240322 (date) — Filing date
2023-11-30 (date) — Fiscal year end

FAQ

What is the primary purpose of this DEF 14A filing?

The primary purpose of this DEF 14A filing is to provide information regarding the solicitation of proxies for the company's annual meeting of shareholders, including details on executive compensation, director nominations, and other corporate governance matters.

What fiscal year does this filing cover?

This filing covers the fiscal year ending November 30, 2023.

What types of equity awards are detailed in the filing?

The filing details stock awards and option awards granted to both PEO (Principal Executive Officer) and Non-PEO members.

What information is provided regarding the fair value of equity awards?

The filing provides the fair value at the fiscal year-end for equity awards granted during the fiscal year that remained outstanding, as well as the fair value at the prior fiscal year-end for awards granted in prior fiscal years that failed to meet vesting conditions.

When was this DEF 14A filing submitted to the SEC?

This DEF 14A filing was submitted to the SEC on March 22, 2024.

From the Filing

0001193125-24-075361.txt : 20240322 0001193125-24-075361.hdr.sgml : 20240322 20240322164321 ACCESSION NUMBER: 0001193125-24-075361 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 57 CONFORMED PERIOD OF REPORT: 20240516 FILED AS OF DATE: 20240322 DATE AS OF CHANGE: 20240322 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NOVAGOLD RESOURCES INC CENTRAL INDEX KEY: 0001173420 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-31913 FILM NUMBER: 24775872 BUSINESS ADDRESS: STREET 1: 201 SOUTH MAIN STREET 2: SUITE 400 CITY: SALT LAKE CITY STATE: UT ZIP: 84111 BUSINESS PHONE: 801-449-9328 MAIL ADDRESS: STREET 1: 201 SOUTH MAIN STREET 2: SUITE 400 CITY: SALT LAKE CITY STATE: UT ZIP: 84111 DEF 14A 1 d539879ddef14a.htm DEF 14A DEF 14A DEF 14A false 0001173420 0001173420 2022-12-01 2023-11-30 0001173420 2020-12-01 2021-11-30 0001173420 2021-12-01 2022-11-30 0001173420 ng:OptionAwardsMember ecd:NonPeoNeoMember 2022-12-01 2023-11-30 0001173420 ng:OptionAwardsMember ecd:PeoMember 2022-12-01 2023-11-30 0001173420 ng:StockAwardsMember ecd:NonPeoNeoMember 2022-12-01 2023-11-30 0001173420 ng:StockAwardsMember ecd:PeoMember 2022-12-01 2023-11-30 0001173420 ng:FairValueAtThePriorFyEndForAwardsGrantedInPriorFyThatFailedToMeetTheirVestingConditionsMember ecd:NonPeoNeoMember 2022-12-01 2023-11-30 0001173420 ng:FairValueAtThePriorFyEndForAwardsGrantedInPriorFyThatFailedToMeetTheirVestingConditionsMember ecd:PeoMember 2022-12-01 2023-11-30 0001173420 ng:FairValueAtFiscalYearFyEndOfEquityAwardsGrantedDuringTheFyThatRemainedOutstandingMember ecd:NonPeoNeoMember 2022-12-01 2023-11-30 0001173420 ng:FairValueAtFiscalYearFyEndOfEquityAwardsGrantedDuringTheFyThatRemainedOutstandingMember ecd:PeoMember 2022-12-01 2023-11-30 0001173420 ng:ChangeInFairValueAtFyEndVersusPriorFyEndForAwardsGrantedInPriorFyThatRemainedOutstandingMember ecd:NonPeoNeoMember 2022-12-01 2023-11-30 0001173420 ng:ChangeInFairValueAtFyEndVersusPriorFyEndForAwardsGrantedInPriorFyThatRemainedOutstandingMember ecd:PeoMember 2022-12-01 2023-11-30 0001173420 ng:ChangeInFairValueAtVestingDateVersusPriorFyEndForAwardsGrantedInPriorFyThatVestedDuringTheFyMember ecd:NonPeoNeoMember 2022-12-01 2023-11-30 0001173420 ng:ChangeInFairValueAtVestingDateVersusPriorFyEndForAwardsGrantedInPriorFyThatVestedDuringTheFyMember ecd:PeoMember 2022-12-01 2023-11-30 0001173420 5 2022-12-01 2023-11-30 0001173420 6 2022-12-01 2023-11-30 0001173420 1 2022-12-01 2023-11-30 0001173420 2 2022-12-01 2023-11-30 0001173420 3 2022-12-01 2023-11-30 0001173420 4 2022-12-01 2023-11-30 0001173420 ng:OptionAwardsMember ecd:PeoMember 2021-12-01 2022-11-30 0001173420 ng:StockAwardsMember ecd:NonPeoNeoMember 2021-12-01 2022-11-30 0001173420 ng:OptionAwardsMember ecd:NonPeoNeoMember 2021-12-01 2022-11-30 0001173420 ng:StockAwardsMember ecd:PeoMember 2021-12-01 2022-11-30 0001173420 ng:FairValueAtThePriorFyEndForAwardsGrantedInPriorFyThatFailedToMeetTheirVestingConditionsMember ecd:NonPeoNeoMember 2021-12-01 2022-11-30 0001173420 ng:FairValueAtThePriorFyEndForAwardsGrantedInPriorFyThatFailedToMeetTheirVestingConditionsMember ecd:PeoMember 2021-12-01 2022-11-30 0001173420 ng:FairValueAtFiscalYearFyEndOfEquityAwardsGrantedDuringTheFyThatRemainedOutstandingMember ecd:NonPeoNeoMember 2021-12-01 2022-11-30 0001173420 ng:FairValueAtFiscalYearFyEndOfEquityAwardsGrantedDuringTheFyThatRemainedOutstandingMember ecd:PeoMember 2021-12-01 2022-11-30 0001173420 ng:ChangeInFairValueAtFyEndVersusPriorFyEndForAwardsGrantedInPriorFyThatRemainedOutstandingMember ecd:NonPeoNeoMember 2021-12-01 2022-11-30 0001173420 ng:ChangeInFairValueAtFyEndVersusPriorFyEndForAwardsGrantedInPriorFyThatRemainedOutstandingMember ecd:PeoMember 2021-12-01 2022-11-30 0001173420 ng:ChangeInFairValueAtVestingDateVersusPriorFyEndForAwardsGrantedInPriorFyThatVestedDuringThe