Company: NGVC
Filing Date: 2025-01-14
Form Type: PRE 14A
Source: 0001437749-25-001121
Chunk: 39

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-01-14
Form: PRE 14A
Chunk 39
---
 Total Shareholder Return (“TSR”) and Net Income, and (iv) the relationship of the CAP Amounts to those financial performance measures.

This disclosure has been prepared in accordance with Item 402(v) of Regulation S-K under the Exchange Act and does not necessarily reflect value actually realized by the executives or how our Board and compensation committee evaluate compensation decisions in light of company or individual performance. For additional discussion of executive compensation program decisions for fiscal 2024, please review the “EXECUTIVE COMPENSATION” section of this Proxy Statement beginning on page 19.

| Fiscal 
 Year   
 (a)    |     | SCT     
 Total   
 Kemper  
 Isely   
 (PEO 1) 
 (b)     |         |     | Compensation  
 Actually Paid 
 to Kemper     
 Isely (PEO 1) 
 (c)(1)        |         |     | SCT     
 Total   
 Zephyr  
 Isely   
 (PEO 2) 
 (b)     |         |     | Compensation  
 Actually Paid 
 to Zephyr     
 Isely (PEO 2) 
 (c)(1)        |         |     | Average   
 SCT Total 
 for Other 
 NEOs      
 (d)       |           |     | Average       
 Compensation  
 Actually Paid 
 to Other      
 NEOs          
 (e)(1)        |           |     | Value of   
 Initial    
 Fixed $100 
 Investment 
 Based on   
 TSR        
 (f)        |        |     | Net Income     
 ($)(Thousands) 
 (g)            |        |
|:-------|:----|:--------|--------:|:----|:--------------|--------:|:----|:--------|--------:|:----|:--------------|--------:|:----|:----------|----------:|:----|:--------------|----------:|:----|:-----------|-------:|:----|:---------------|-------:|
| 2024   |     | $       | 638,021 |     | $             | 638,021 |     | $       | 593,157 |     | $             | 593,159 |     | $         |   934,399 |     | $             | 1,465,114 |     | $          | 303.80 |     | $              | 33,935 |
| 2023   |     | $       | 625,462 |     | $             | 625,