Company: NGVC
Filing Date: 2025-01-14
Form Type: PRE 14A
Source: 0001437749-25-001121
Chunk: 35

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-01-14
Form: PRE 14A
Chunk 35
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 compensation program and its weighting towards base salary, a fixed component of compensation, we do not believe that risks arising from our compensation policies and practices for our employees are reasonably likely to have a material adverse effect on us.

Policies and Practices Related to the Grant of Certain Equity Awards. We do not grant equity awards in anticipation of the release of material nonpublic information, and we do not time the release of material nonpublic information based on equity award grant dates or for the purpose of affecting the value of executive compensation. While we do not have a formal policy with respect to the timing of awards of stock options, stock appreciation rights, or similar option-like instruments to our NEOs, historically, including during fiscal 2024, our compensation committee has not granted such awards.

Summary Compensation Table

The following table provides information concerning the compensation earned by our NEOs during the fiscal years ended September 30, 2024 and 2023.

| Name and Principal Position                    |     | Fiscal 
   Year |     | Salary 
 ($)    |         |     | Bonus 
 ($)   |         |     | Stock  
 Awards 
 ($)    |         |    |     | All Other    
 Compensation 
 ($)(1)       |        |     | Total 
 ($)   |           |
| Kemper Isely, Co-President                     |     |   2024 |     |        | 619,800 |     |       |       — |     |        |       — |    |     |              | 18,221 |     |       |   638,021 |
|                                                |     |   2023 |     |        | 607,800 |     |       |       — |     |        |       — |    |     |              | 17,662 |     |       |   625,462 |
| Zephyr Isely, Co-President                     |     |   2024 |     |        | 588,000 |     |       |       — |     |        |       — |    |     |              |  5,159 |     |       |   593,159 |
|                                                |     |   2023 |     |        | 576,000 |     |       |       — |     |        |       — |    |     |              |  5,044 |     |       |   581,044 |
| Heather Isely, Executive Vice President        |     |   2024 |     |        |