CEO Pay At-Risk The Board’s commitment to the long-term alignment of shareholder interests and Trevali’s compensation philosophy is demonstrated through the significant “at risk” compensation of Ricus Grimbeek, President and Chief Executive Officer.

For 2020, Mr. Grimbeek was entitled to the following compensation: • Base salary of $650,000; • Short term incentive target of 100% of base salary ($650,000); and • Long-term incentive target of $1,500,000 (approximately 231% of base salary), to be satisfied through the issuance of performance share units.

Full details here;

https://s22.q4cdn.com/617180940/files/doc_downloads/agm-materials/2021/NOTICE-OF-MEETING-AND-MANAGEMENT-INFORMATION-CIRCULAR.pdf

Sounds to me like he's the only one making money here (and the rest of the board of course)