Companies Nine Energy Service
Nine Energy Service (NINE): executive pay, fiscal 2024
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CEO pay, last three years
- $2,022,259FY2022
- $3,362,060FY2023
- $2,022,618FY2024
CEO total pay was $2,022,618 in fiscal 2024, down from $3,362,060 in fiscal 2023.
FY2024: salary $726,923 · bonus $91,875 · stock awards $612,860 · option awards $0
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Ann Fox | $726,923 | $91,875 | $612,860 | $0 | $577,160 | $0 | $13,800 | $2,022,618 |
| President and Chief Executive Officer | ||||||||
| David Crombie | 529,616 | 56,897 | 316,878 | 0 | 310,274 | 0 | 23,636 | 1,237,301 |
| Executive Vice President and Chief Operating Officer | ||||||||
| Guy Sirkes | 456,923 | 46,200 | 225,923 | 0 | 228,357 | 0 | 13,800 | 971,203 |
| Executive Vice President and Chief Financial Officer | ||||||||
| Theodore Moore | 425,770 | 43,050 | 221,959 | 0 | 221,397 | 0 | 13,800 | 925,976 |
| Executive Vice President, General Counsel and Secretary | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2024 total | FY2023 total | FY2022 total | Δ FY2023→2024 |
|---|---|---|---|---|
| Ann Fox | $2,022,618 | $3,362,060 | $2,022,259 | ↓ −1,339,442 |
| David Crombie | 1,237,301 | 2,083,850 | 1,375,247 | ↓ −846,549 |
| Guy Sirkes | 971,203 | 1,568,484 | 995,554 | ↓ −597,281 |
| Theodore Moore | 925,976 | 1,540,937 | 993,034 | ↓ −614,961 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Compensation Advisory Partners |
| Clawback policy | true |
| Anti-hedging | — |
| Anti-pledging | — |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2024
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| David Crombie | OTHER | 2024-05-07 | — | — | — | — | $316,878 |
Vehicle mix — grant-date fair value by award type
Grant-level vehicle detail not disclosed.
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2024
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Theodore Moore | RSU | 15,983 | — | $17,901 |
| Guy Sirkes | RSU | 16,283 | — | 18,237 |
| David Crombie | RSU | 28,866 | — | 32,330 |
| Theodore Moore | RSU | 31,466 | — | 35,242 |
| Guy Sirkes | RSU | 32,066 | — | 35,914 |
| Ann Fox | RSU | 43,000 | — | 48,160 |
| David Crombie | RSU | 56,866 | — | 63,690 |
| Ann Fox | RSU | 84,733 | — | 94,901 |
| Theodore Moore | RSU | 106,711 | — | 119,516 |
| Guy Sirkes | RSU | 108,617 | — | 121,651 |
| David Crombie | RSU | 152,345 | — | 170,626 |
| Ann Fox | RSU | 294,644 | — | 330,001 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Ernie L. DannerIndependent · Audit · Departed during FY | $228,313 | $150,001 | — | — | — | $378,314 |
| Mark E. BaldwinIndependent · Audit | 177,201 | 100,000 | — | — | — | 277,201 |
| Darryl K. WillisIndependent · Audit · Nominating, Governance and Compensation | 172,201 | 100,000 | — | — | — | 272,201 |
| Scott E. SchwingerIndependent · Board Chair · Nominating, Governance and Compensation | 172,201 | 100,000 | — | — | — | 272,201 |
| Curtis F. HarrellIndependent · Audit · Nominating, Governance and Compensation · Departed during FY | 172,201 | 100,000 | — | — | — | 272,201 |
| Gary L. ThomasIndependent · Audit · Nominating, Governance and Compensation | 172,201 | 100,000 | — | — | — | 272,201 |
| Andrew L. WaiteIndependent · Departed during FY | 157,201 | 100,000 | — | — | — | 257,201 |
| Ann G. FoxEmployee director | — | — | — | — | — | 0 |
| Richard A. BurnettIndependent · Audit · Newly elected | — | — | — | — | — | — |
| Julie A. PefferIndependent · Audit · Newly elected | — | — | — | — | — | — |
Board fee structure and ownership guideline
| Annual cash retainer | $75,000 |
|---|---|
| Annual equity retainer | $100,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 15,000 / 15,000 |
| Stock ownership guideline | 3x annual cash retainer |
Total cost of the board
| Component | FY2024 |
|---|---|
| Cash retainers and fees | $1,251,519 |
| Equity awards (grant-date value) | $750,001 |
| All other compensation | $0 |
| Total cost of the board | $2,001,520 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Nine Energy Service as a peer
Companies that benchmark against NINE
4 companies name NINE as a compensation peer
- Civeo CorpCVEOFY2025
- KLX Energy Services Holdings, Inc.KLXEFY2025
- NATURAL GAS SERVICES GROUP INCNGSFY2025
- ProPetro Holding Corp.PUMPFY2025
- TETRA TECHNOLOGIES INCTTIFY2025
Each company listed discloses NINE in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named NINE in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Disclosed peer group — fiscal year 2024
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Peer reciprocity
The companies Nine Energy Service names as compensation peers that name it back in their own disclosed peer groups.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Select Water Solutions, Inc. | 2021 | Rob Roy | $1,046,000 | $5,739,984 | $0 | $1,496,970 | $8,758,715 |
| 2 | Liberty Energy, Inc. | 2025 | Seth Grae | 596,147 | 6,356,242 | 0 | 400,896 | 7,563,139 |
| 3 | ProPetro Holding Corp. | 2025 | Samuel Sledge | 975,000 | 4,391,410 | 0 | 1,137,500 | 6,539,712 |
| 4 | Forum Energy Technologies, Inc. | 2025 | Neal Lux | 717,769 | 4,232,105 | 0 | 1,196,463 | 6,163,337 |
| 5 | Oil States International | 2025 | Cindy Taylor | 925,000 | 2,400,003 | 0 | 1,654,244 | 5,079,386 |
| 6 | Helix Energy Solutions Group, Inc. | 2025 | Owen Kratz | 800,000 | 3,838,519 | 0 | 420,000 | 5,067,269 |
| 7 | RPC, Inc. | 2025 | Ben Palmer | 618,000 | 1,388,265 | 0 | 1,155,660 | 3,192,075 |
| 8 | Nine Energy Service | 2024 | Ann Fox | 726,923 | 612,860 | 0 | 577,160 | 2,022,618 |
| 9 | NCS Multistage Holdings, Inc. | 2025 | Ryan Hummer | 470,833 | 707,034 | 0 | 688,991 | 1,893,018 |
| — | Independence Contract Drilling, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Cactus, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Newpark Resources, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Solaris Oilfield Infrastructure | — | — | — | — | — | — | not in coverage universe |
| — | Tetra Technologies, Inc. | — | — | — | — | — | — | not in coverage universe |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Nine Energy Service | not disclosed | not disclosed | No | Compensation Advisory Partners |
| Cactus, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Forum Energy Technologies, Inc. | not disclosed | PSU 50 · RSU 50 | not disclosed | Meridian Compensation Partners, LLC |
| Helix Energy Solutions Group, Inc. | 35% | PSU 50 · RSU 50 | Yes — TSR relative to performance peer group | WTW (Willis Towers Watson) |
| Independence Contract Drilling, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Liberty Energy, Inc. | not disclosed | PSA 63 · RSA 37 | not disclosed | Berkeley Research Group, LLC |
| NCS Multistage Holdings, Inc. | not disclosed | not disclosed | not disclosed | Mercer LLC |
| Newpark Resources, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Oil States International | not disclosed | RSU 50 · PRSU 25 · Cash Performance Award 25 | not disclosed | Meridian Compensation Partners |
| ProPetro Holding Corp. | not disclosed | RSU 50 · PSU 50 | not disclosed | Pearl Meyer |
| RPC, Inc. | 187% | RSU 75 · PSU 25 | No | Mercer, LLC |
| Select Water Solutions, Inc. | 114.5% | RSU 50 · PSU 50 | Yes — Three-year relative TSR | Frederic W. Cook & Co., Inc. |
| Solaris Oilfield Infrastructure | not disclosed | not disclosed | not disclosed | not disclosed |
| Tetra Technologies, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2025 | 2025-05-02 | 12,799,899 | 969,714 | 104,077 | 92.26% | Passed |
| 2024 | 2024-05-03 | 14,250,322 | 3,186,615 | 101,850 | 81.25% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2025 | 2025-05-02 | 92.26%a |
| 2024 | 2024-05-03 | 81.25%b |
a. Approved under the standard stated in the filing — “Abstentions will be counted as present in person or represented by proxy and entitled to vote and, thus, will have the same effect as votes against this proposal.”.
b. Approved under the standard stated in the filing — “Abstentions will have the same effect as votes against this proposal.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (29 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Ann Fox. DEF 14A, filed 2025-03-06. Section “Executive Compensation” · page 23. As printed: 2,022,618. View filing ↗
- Section 01, David Crombie. DEF 14A, filed 2025-03-06. Section “Executive Compensation”. As printed: 1,237,301. View filing ↗
- Section 01, Guy Sirkes. DEF 14A, filed 2025-03-06. Section “Executive Compensation”. As printed: 971,203. View filing ↗
- Section 01, Theodore Moore. DEF 14A, filed 2025-03-06. Section “Executive Compensation”. As printed: 925,976. View filing ↗
- Section 03, David Crombie OTHER. DEF 14A, filed 2025-03-06. Section “EXECUTIVE AND DIRECTOR COMPENSATION” · grants of plan-based awards table. View filing ↗
- Section 08, Ernie L. Danner. DEF 14A, filed 2025-03-06. Section “Director Compensation”. As printed: 378,314. View filing ↗
- Section 08, Mark E. Baldwin. DEF 14A, filed 2025-03-06. Section “Director Compensation”. As printed: 277,201. View filing ↗
- Section 08, Darryl K. Willis. DEF 14A, filed 2025-03-06. Section “Director Compensation”. As printed: 272,201. View filing ↗
- Section 08, Scott E. Schwinger. DEF 14A, filed 2025-03-06. Section “Director Compensation”. As printed: 272,201. View filing ↗
- Section 08, Curtis F. Harrell. DEF 14A, filed 2025-03-06. Section “Director Compensation”. As printed: 272,201. View filing ↗
- Section 08, Gary L. Thomas. DEF 14A, filed 2025-03-06. Section “Director Compensation”. As printed: 272,201. View filing ↗
- Section 08, Andrew L. Waite. DEF 14A, filed 2025-03-06. Section “Director Compensation”. As printed: 257,201. View filing ↗
- Section 08, Ann G. Fox. DEF 14A, filed 2025-03-06. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Richard A. Burnett. DEF 14A, filed 2025-03-06. Section “Director Compensation”. As printed: —. View filing ↗
- Section 08, Julie A. Peffer. DEF 14A, filed 2025-03-06. Section “Director Compensation”. As printed: —. View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-07. Item 5.07 · say-on-pay result. As reported: 92.26% (votes for as printed: 12,799,899). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-06. Item 5.07 · say-on-pay result. As reported: 81.25% (votes for as printed: 14,250,322). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 1,251,519 + equity 750,001 + all other 0 = 2,001,520, summed across the director compensation table rows.
- Select Water Solutions, Inc., Section 10b CEO total. DEF 14A, filed 2022-04-28. CEO total compensation as printed in Select Water Solutions, Inc.'s own proxy. As printed: 8,758,715. View filing ↗
- Liberty Energy, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Liberty Energy, Inc.'s own proxy. As printed: 7,563,139. View filing ↗
- ProPetro Holding Corp., Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in ProPetro Holding Corp.'s own proxy. As printed: 6,539,712. View filing ↗
- Forum Energy Technologies, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Forum Energy Technologies, Inc.'s own proxy. As printed: 6,163,337. View filing ↗
- Oil States International, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Oil States International's own proxy. As printed: 5,079,386. View filing ↗
- Helix Energy Solutions Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Helix Energy Solutions Group, Inc.'s own proxy. As printed: 5,067,269. View filing ↗
- RPC, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-18. CEO total compensation as printed in RPC, Inc.'s own proxy. As printed: 3,192,075. View filing ↗
- Nine Energy Service (subject), Section 10b CEO total. DEF 14A, filed 2025-03-06. CEO total compensation as printed in Nine Energy Service's own proxy. As printed: 2,022,618. View filing ↗
- NCS Multistage Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in NCS Multistage Holdings, Inc.'s own proxy. As printed: 1,893,018. View filing ↗
- Section 10a, ProPetro Holding Corp. reciprocity. DEF 14A. ProPetro Holding Corp. names Nine Energy Service in its own disclosed peer group (read from its most recent proxy). View filing ↗