Companies Sable Offshore Corp.
Sable Offshore (SOC): executive pay, fiscal 2025
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CEO pay, last three years
- $1,707,013FY2024
- $75,943,061FY2025
CEO total pay was $75,943,061 in fiscal 2025, up from $1,707,013 in fiscal 2024.
FY2025: salary $1,300,000 · bonus $3,900,000 · stock awards $69,370,000 · 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 |
|---|---|---|---|---|---|---|---|---|
| James Flores | $1,300,000 | $3,900,000 | $69,370,000 | $0 | $0 | $0 | $1,373,061 | $75,943,061 |
| Chairman and Chief Executive Officer | ||||||||
| Anthony Duenner | 800,000 | 2,400,000 | 14,865,000 | 0 | 0 | 0 | 38,240 | 18,103,240 |
| Executive Vice President, General Counsel and Secretary | ||||||||
| Gregory Patrinely | 800,000 | 2,400,000 | 14,865,000 | 0 | 0 | 0 | 25,362 | 18,090,362 |
| Executive Vice President and Chief Financial Officer | ||||||||
| Doss Bourgeois | 778,850 | 2,400,000 | 14,865,000 | 0 | 0 | 0 | 39,297 | 18,083,147 |
| Former, Executive Vice President and Chief Operating Officer | ||||||||
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 | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| James Flores | $75,943,061 | $1,707,013 | — | ↑ +74,236,048 |
| Anthony Duenner | 18,103,240 | 9,310,115 | — | ↑ +8,793,125 |
| Gregory Patrinely | 18,090,362 | 9,302,615 | — | ↑ +8,787,747 |
| Doss Bourgeois | 18,083,147 | 9,310,115 | — | ↑ +8,773,032 |
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
Sable's compensation philosophy focuses on providing a fixed base salary reflecting skill and responsibility, an annual incentive bonus tied to operational, regulatory, and strategic execution, and long-term equity awards designed to align executive interests with stockholders and provide retention incentives.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Gregory Patrinely | RSU | 2025-04-25 | — | — | 750,000 | — | $14,865,000 |
| James Flores | RSU | 2025-04-25 | — | — | 750,000 | — | 14,865,000 |
| Doss Bourgeois | RSU | 2025-04-25 | — | — | 750,000 | — | 14,865,000 |
| Anthony Duenner | RSU | 2025-04-25 | — | — | 750,000 | — | 14,865,000 |
| James Flores | RSU | 2025-04-25 | — | — | 3,500,000 | — | 69,370,000 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Gregory Patrinely | $14,865,000 | $0 | $0 | 0.0% |
| James Flores | 84,235,000 | 0 | 0 | 0.0% |
| Doss Bourgeois | 14,865,000 | 0 | 0 | 0.0% |
| Anthony Duenner | 14,865,000 | 0 | 0 | 0.0% |
% 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 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| James Flores | RSU | 650,000 | — | $5,863,000 |
| Gregory Patrinely | RSU | 650,000 | — | 5,863,000 |
| Anthony Duenner | RSU | 650,000 | — | 5,863,000 |
| Doss Bourgeois | RSU | 650,000 | — | 5,863,000 |
| James Flores | RSU | 750,000 | — | 6,765,000 |
| Gregory Patrinely | RSU | 750,000 | — | 6,765,000 |
| Anthony Duenner | RSU | 750,000 | — | 6,765,000 |
| Doss Bourgeois | RSU | 750,000 | — | 6,765,000 |
| James Flores | RSU | 3,500,000 | — | 31,570,000 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Gregory PipkinIndependent · Audit · Compensation (Chair) · Nominating and Corporate Governance | $0 | $495,500 | — | — | — | $495,500 |
| Christopher SarofimIndependent · Audit (Chair) · Compensation · Nominating and Corporate Governance | 0 | 495,500 | — | — | — | 495,500 |
| Michael DillardIndependent · Audit · Compensation · Nominating and Corporate Governance (Chair) | 0 | 495,500 | — | — | — | 495,500 |
| James C. FloresEmployee director · Board Chair | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $0 |
|---|---|
| Annual equity retainer | $495,500 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $0 |
| Equity awards (grant-date value) | $1,486,500 |
| All other compensation | $0 |
| Total cost of the board | $1,486,500 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Sable Offshore as a peer
Companies that benchmark against SOC
1 company names SOC as a compensation peer
Each company listed discloses SOC 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 SOC in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
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 | Sable Offshore Corp. | 2025 | James Flores | $1,300,000 | $69,370,000 | $0 | $0 | $75,943,061 |
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.
Say-on-pay history and pay ratio
No say-on-pay vote is on file for this company.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (17 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, James Flores. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · page 22. As printed: 75,943,061. View filing ↗
- Section 01, Anthony Duenner. DEF 14A, filed 2026-04-30. Section “Executive Compensation”. As printed: 18,103,240. View filing ↗
- Section 01, Gregory Patrinely. DEF 14A, filed 2026-04-30. Section “Executive Compensation”. As printed: 18,090,362. View filing ↗
- Section 01, Doss Bourgeois. DEF 14A, filed 2026-04-30. Section “Executive Compensation”. As printed: 18,083,147. View filing ↗
- Section 03, Gregory Patrinely RSU. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, James Flores RSU. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Doss Bourgeois RSU. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Anthony Duenner RSU. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, James Flores RSU. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 08, Gregory Pipkin. DEF 14A, filed 2026-04-30. Section “Director Compensation”. As printed: 495,500. View filing ↗
- Section 08, Christopher Sarofim. DEF 14A, filed 2026-04-30. Section “Director Compensation”. As printed: 495,500. View filing ↗
- Section 08, Michael Dillard. DEF 14A, filed 2026-04-30. Section “Director Compensation”. As printed: 495,500. View filing ↗
- Section 08, James C. Flores. DEF 14A, filed 2026-04-30. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 0 + equity 1,486,500 + all other 0 = 1,486,500, summed across the director compensation table rows.
- Sable Offshore Corp. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Sable Offshore Corp.'s own proxy. As printed: 75,943,061. View filing ↗