Companies Evolution Petroleum Corp

Evolution Petroleum (EPM): executive pay, fiscal 2026

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CEO total pay$973,473CEO Kelly Loyd · source

Say-on-pay support91.84%Latest vote · source

CEO vs. named peers1st pct.Of 11 peer CEOs

CEO pay, last three years

$1,080,561FY2024
$1,315,704FY2025
$973,473FY2026

CEO total pay was $973,473 in fiscal 2026, down from $1,315,704 in fiscal 2025.

FY2026: salary $390,000 · bonus $0 · stock awards $411,679 · option awards $0

Executives and directors

Kelly Loyd · CEO Ryan Stash · CFO J. Mark Bunch · COO Edward J. DiPaolo · Lead Independent Director Marjorie A. Hargrave · Independent Director Myra C. Bierria · Independent Director Robert S. Herlin · Chair of the Board William E. Dozier · Independent Director

Frequently asked questions

Who was the highest-paid executive at Evolution Petroleum Corp in fiscal 2026?

As disclosed, Kelly Loyd (President & Chief Executive Officer) was the highest-paid executive at Evolution Petroleum Corp in fiscal 2026, with total compensation of $973,473.

How does Evolution Petroleum Corp's chief executive pay compare to its disclosed peer group?

As disclosed, Kelly Loyd's total compensation ranked at the 1st percentile of Evolution Petroleum Corp's disclosed peer group.

How did shareholders vote on Evolution Petroleum Corp's executive compensation?

As disclosed, 91.84% of shareholders supported Evolution Petroleum Corp's executive compensation in the latest say-on-pay vote.

How much does Evolution Petroleum Corp spend in total on board compensation for fiscal 2026?

As disclosed, Evolution Petroleum Corp reported total board compensation of $1,028,771 for fiscal 2026.

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
Kelly Loyd	$390,000	$0	$411,679	$0	$119,250	$0	$52,544	$973,473
President & Chief Executive Officer
J. Mark Bunch	317,200	0	223,221	0	72,743	0	51,887	665,051
Chief Operating Officer
Ryan Stash	304,067	0	213,854	0	69,750	0	54,484	642,155
Senior Vice President, Chief Financial Officer & Treasurer

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	FY2026 total	FY2025 total	FY2024 total	Δ FY2025→2026
Kelly Loyd	$973,473	$1,315,704	$1,080,561	↓ −342,231
J. Mark Bunch	665,051	860,382	717,023	↓ −195,331
Ryan Stash	642,155	828,749	697,318	↓ −186,594

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

The Company's compensation programs are designed to incentivize named executive officers to build meaningful retained stock value over the short and long-term by providing a substantial portion of compensation in the form of long-term equity incentives. This strategy aligns employees' interests with those of stockholders and conserves cash to invest in operations, while competitive base salaries and performance-based annual bonuses attract, retain, and motivate talent.

CEO STI target (% of salary)	—
CEO LTI target (% of salary)	—
Independent consultant	Meridian Compensation Partners
Clawback policy	true
Anti-hedging	false
Anti-pledging	false

Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2026

Executive	Award	Grant date	Threshold	Target	Granted	Maximum	Grant-date fair value
J. Mark Bunch	PSU	2025-09-18	—	27,880	—	37,173	$121,556
J. Mark Bunch	PSU	2025-09-18	—	18,586	—	—	101,665
Kelly Loyd	PSU	2025-09-18	—	51,417	—	68,556	224,178
Kelly Loyd	PSU	2025-09-18	—	34,278	—	—	187,501
Ryan Stash	PSU	2025-09-18	—	26,710	—	35,613	116,455
Ryan Stash	PSU	2025-09-18	—	17,806	—	—	97,399

Vehicle mix — grant-date fair value by award type

Named executive officer	Time-vested (RSU)	Performance-vested (PSU)	Options / SARs	% performance-vested
J. Mark Bunch	$0	$223,221	$0	100.0%
Kelly Loyd	0	411,679	0	100.0%
Ryan Stash	0	213,854	0	100.0%

% 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 2026

Executive	Award	Shares unvested	Exercise price	Market value unvested
Ryan Stash	RSU	4,554	—	$16,759
J. Mark Bunch	RSU	4,753	—	17,491
Kelly Loyd	RSU	8,766	—	32,259
J. Mark Bunch	RSU	20,000	—	73,600
Kelly Loyd	RSU	25,000	—	92,000
Ryan Stash	PSU	27,106	—	99,750
J. Mark Bunch	PSU	28,294	—	104,122
Ryan Stash	RSU	48,188	—	177,332
J. Mark Bunch	RSU	50,300	—	185,104
Kelly Loyd	PSU	52,180	—	192,022
Ryan Stash	RSU	53,419	—	196,582
J. Mark Bunch	RSU	55,759	—	205,193
Kelly Loyd	RSU	92,764	—	341,372
Kelly Loyd	RSU	102,834	—	378,429

Director compensation

Director	Cash fees	Stock awards	Option awards	Non-equity incentive	All other	Total
Robert S. HerlinIndependent	$121,004	$101,457	—	—	$10,815	$233,276
Marjorie A. HargraveIndependent · Audit (Chair) · Compensation	92,350	101,457	—	—	10,815	204,622
William E. DozierIndependent · Compensation (Chair)	90,557	101,457	—	—	10,815	202,829
Edward J. DiPaoloIndependent · Lead Independent Director · Compensation	84,000	101,457	—	—	10,815	196,272
Myra C. BierriaIndependent	79,500	101,457	—	—	10,815	191,772

Board fee structure and ownership guideline

Annual cash retainer	$50,000
Annual equity retainer	$100,000
Per board meeting fee	$1,500
Committee chair fees (audit / comp / nom-gov)	18,000 / 12,000 / 12,000
Stock ownership guideline	—

Total cost of the board

Component	FY2026
Cash retainers and fees	$467,411
Equity awards (grant-date value)	$507,285
All other compensation	$54,075
Total cost of the board	$1,028,771

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Evolution Petroleum as a peer

Companies that benchmark against EPM

6 companies name EPM as a compensation peer

The list of companies that name EPM as a peer is temporarily unavailable — recheck shortly.

Disclosed peer group — fiscal year 2026

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

AMPY Amplify Energy Corporation Berry CorporationEPSN Epsilon Energy Ltd.GRNT Granite Ridge Resources, Inc.NOG Northern Oil and Gas, Inc.PED PEDEVCO Corp. EQV Ventures Acquisition GroupREPX Riley Exploration Permian, Inc.REI Ring Energy, Inc.SD SandRidge Energy, Inc.VTS Vitesse Energy, Inc.

Peer reciprocity

The companies Evolution Petroleum Corp names as compensation peers that name it back in their own disclosed peer groups.

Amplify Energy Corporation (AMPY)³¹Epsilon Energy Ltd. (EPSN)³²Granite Ridge Resources, Inc. (GRNT)³³Riley Exploration Permian, Inc. (REPX)³⁴

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	Riley Exploration Permian, Inc.	2025	Bobby Riley	$675,000	$3,914,725	$0	$742,000	$5,782,259
2	Northern Oil and Gas, Inc.	2025	Nicholas O'Grady	925,000	2,815,683	0	1,638,564	5,602,413
3	Granite Ridge Resources, Inc.	2025	Tyler Farquharson	477,500	4,039,739	55,846	0	4,956,370
4	Vitesse Energy, Inc.	2025	Robert Gerrity	570,000	1,780,317	0	864,000	3,214,317
5	Ring Energy, Inc.	2025	Paul McKinney	626,667	1,473,306	0	753,984	2,884,957
6	Pedevco Corp.	2025	J. Douglas Schick	350,000	1,518,800	0	0	2,017,600
7	Amplify Energy Corporation	2025	Daniel Furbee	430,457	1,038,349	0	359,473	1,898,298
8	Epsilon Energy Ltd.	2025	Jason Stabell	331,000	796,998	—	—	1,381,758
9	SandRidge Energy, Inc.	2025	Grayson Pranin	393,750	275,442	0	287,760	991,555
10	Evolution Petroleum Corp	2026	Kelly Loyd	390,000	411,679	0	119,250	973,473

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
Evolution Petroleum Corp	not disclosed	PRSU 66.7 · RSU 33.3	not disclosed	Meridian Compensation Partners
Amplify Energy Corporation	not disclosed	PSU 50 · RSU 50	not disclosed	Meridian
Epsilon Energy Ltd.	not disclosed	RSU 100	not disclosed	not disclosed
Granite Ridge Resources, Inc.	not disclosed	not disclosed	not disclosed	Dana Krieg
Northern Oil and Gas, Inc.	136.5%	MSU 88 · RSU 12	Yes — 3-Year Absolute TSR	Willis Towers Watson
Pedevco Corp.	not disclosed	not disclosed	not disclosed	Meridian
Riley Exploration Permian, Inc.	not disclosed	RSU 70 · PRSU 30	not disclosed	Meridian Compensation Partners, LLC
Ring Energy, Inc.	not disclosed	PSU 60 · RSU 40	not disclosed	Meridian Compensation Partners, LLC
SandRidge Energy, Inc.	not disclosed	RSU 66.6 · PSU 33.3	not disclosed	not disclosed
Vitesse Energy, Inc.	not disclosed	PSU 60 · RSU 40	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	2025-12-04	17,048,777	1,513,891	375,823	91.84%	Passed
2024	2024-12-05	18,062,831	779,716	251,017	95.86%	Passed
2023	2023-12-07	18,577,891	569,211	173,687	96.15%	Passed
2022	2022-12-08	19,998,893	692,530	277,299	95.37%	Passed
2021	2021-12-09	20,494,828	548,193	380,092	95.67%	Passed
2020	2020-12-09	22,210,741	1,250,273	115,866	94.67%	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	2025-12-04	91.84%^a
2024	2024-12-05	95.86%^b
2023	2023-12-07	96.15%^c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Approved under the standard stated in the filing — “As a result, abstentions will have the same practical effect as a vote 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 (34 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, Kelly Loyd. DEF 14A, filed 2026-10-22. Section “Executive Compensation”. As printed: 973,473. View filing ↗
Section 01, J. Mark Bunch. DEF 14A, filed 2026-10-22. Section “Executive Compensation”. As printed: 665,051. View filing ↗
Section 01, Ryan Stash. DEF 14A, filed 2026-10-22. Section “Executive Compensation”. As printed: 642,155. View filing ↗
Section 03, J. Mark Bunch PSU. DEF 14A, filed 2026-10-22. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
Section 03, J. Mark Bunch PSU. DEF 14A, filed 2026-10-22. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
Section 03, Kelly Loyd PSU. DEF 14A, filed 2026-10-22. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
Section 03, Kelly Loyd PSU. DEF 14A, filed 2026-10-22. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
Section 03, Ryan Stash PSU. DEF 14A, filed 2026-10-22. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
Section 03, Ryan Stash PSU. DEF 14A, filed 2026-10-22. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
Section 08, Robert S. Herlin. DEF 14A, filed 2026-10-22. Section “Director Compensation”. As printed: 233,276. View filing ↗
Section 08, Marjorie A. Hargrave. DEF 14A, filed 2026-10-22. Section “Director Compensation”. As printed: 204,622. View filing ↗
Section 08, William E. Dozier. DEF 14A, filed 2026-10-22. Section “Director Compensation”. As printed: 202,829. View filing ↗
Section 08, Edward J. DiPaolo. DEF 14A, filed 2026-10-22. Section “Director Compensation”. As printed: 196,272. View filing ↗
Section 08, Myra C. Bierria. DEF 14A, filed 2026-10-22. Section “Director Compensation”. As printed: 191,772. View filing ↗
Section 06, 2025 vote. Form 8-K, filed 2025-12-09. Item 5.07 · say-on-pay result. As reported: 91.84% (votes for as printed: 17,048,777). View filing ↗
Section 06, 2024 vote. Form 8-K, filed 2024-12-10. Item 5.07 · say-on-pay result. As reported: 95.86% (votes for as printed: 18,062,831). View filing ↗
Section 06, 2023 vote. Form 8-K, filed 2023-12-08. Item 5.07 · say-on-pay result. As reported: 96.15% (votes for as printed: 18,577,891). 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 467,411 + equity 507,285 + all other 54,075 = 1,028,771, summed across the director compensation table rows.
Riley Exploration Permian, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Riley Exploration Permian, Inc.'s own proxy. As printed: 5,782,259. View filing ↗
Northern Oil and Gas, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Northern Oil and Gas, Inc.'s own proxy. As printed: 5,602,413. View filing ↗
Granite Ridge Resources, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in Granite Ridge Resources, Inc.'s own proxy. As printed: 4,956,370. View filing ↗
Vitesse Energy, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-17. CEO total compensation as printed in Vitesse Energy, Inc.'s own proxy. As printed: 3,214,317. View filing ↗
Ring Energy, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Ring Energy, Inc.'s own proxy. As printed: 2,884,957. View filing ↗
Pedevco Corp., Section 10b CEO total. DEF 14A, filed 2026-07-15. CEO total compensation as printed in Pedevco Corp.'s own proxy. As printed: 2,017,600. View filing ↗
Amplify Energy Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Amplify Energy Corporation's own proxy. As printed: 1,898,298. View filing ↗
Epsilon Energy Ltd., Section 10b CEO total. DEF 14A, filed 2026-04-17. CEO total compensation as printed in Epsilon Energy Ltd.'s own proxy. As printed: 1,381,758. View filing ↗
SandRidge Energy, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-27. CEO total compensation as printed in SandRidge Energy, Inc.'s own proxy. As printed: 991,555. View filing ↗
Evolution Petroleum Corp (subject), Section 10b CEO total. DEF 14A, filed 2026-10-22. CEO total compensation as printed in Evolution Petroleum Corp's own proxy. As printed: 973,473. View filing ↗
Section 10a, Amplify Energy Corporation reciprocity. DEF 14A. Amplify Energy Corporation names Evolution Petroleum Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
Section 10a, Epsilon Energy Ltd. reciprocity. DEF 14A. Epsilon Energy Ltd. names Evolution Petroleum Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
Section 10a, Granite Ridge Resources, Inc. reciprocity. DEF 14A. Granite Ridge Resources, Inc. names Evolution Petroleum Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
Section 10a, Riley Exploration Permian, Inc. reciprocity. DEF 14A. Riley Exploration Permian, Inc. names Evolution Petroleum Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗