Natural Grocers by Vitamin Cottage (NGVC) executive compensation, 2026 proxy

Kemper Isely, Chairman and Co-President, was paid $624,411 in 2025, down 2% from $638,021 the year before. The CEO-to-median-employee pay ratio was 15:1, on median employee pay of $41,538.

Filed
January 22, 2026
Annual meeting
March 4, 2026
Pay year
2025
Named executives
6
CEO total pay
$624,411-2% vs prior year
CEO to median employee
15:1median $41,538
CEO Pay Ratio
15:1For Kemper Isely
Median Employee Pay
$41,538Annual total compensation
Net Income
$46,444,000Expressed in thousands in table

How Isely was paid

$624,411 in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary99%All other compensation1%

Named executive officers

ExecutiveTotal
Kemper IselyChairman and Co-President$624,411
Zephyr IselyCo-President$588,000
Heather IselyExecutive Vice President$909,379
Elizabeth IselyExecutive Vice President$909,438
Richard HalléChief Financial Officer$6,802,192
Todd Dissingerformer Chief Financial Officer$155,219

What changed and why

  • $624KKemper Isely received total compensation of $624,411 in fiscal 2025.
  • $588KZephyr Isely received total compensation of $588,000 in fiscal 2025.
  • $6.8MRichard Hallé received $6,802,192 in total compensation following his appointment as CFO.
  • $365KDiscretionary cash bonuses of $365,000 were awarded to selected executive officers.
  • $41,538Median employee annual total compensation was $41,538 for fiscal 2025.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.