Companies Granite Ridge Resources
Granite Ridge Resources (GRNT): executive pay, fiscal 2025
Free brief. Every figure links to the company’s own filing.
Velarion Intel: free for 3 days, no card →Email me Granite Ridge Resources’s executive pay brief as a PDF
You get it on this page the moment you ask, and a copy by email. Every figure is cited to its filing.
After the PDF, up to three short notes on the deeper reports for this company. Reply “unsubscribe” to any of them, any time.
CEO pay, last three years
- $1,031,779FY2023
- $1,143,831FY2024
- $4,956,370FY2025
CEO total pay was $4,956,370 in fiscal 2025, up from $1,143,831 in fiscal 2024.
FY2025: salary $477,500 · bonus $377,285 · stock awards $4,039,739 · option awards $55,846
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 |
|---|---|---|---|---|---|---|---|---|
| Tyler Farquharson | $477,500 | $377,285 | $4,039,739 | $55,846 | $0 | $0 | $6,000 | $4,956,370 |
| President and Chief Executive Officer | ||||||||
| Luke Brandenberg | 229,167 | 0 | 456,114 | 77,565 | 0 | 0 | 1,738,110 | 2,500,956 |
| President and Chief Executive Officer | ||||||||
| Kimberly Weimer | 295,833 | 105,000 | 1,032,835 | 0 | 0 | 0 | 6,000 | 1,439,668 |
| Interim Chief Financial Officer, Chief Accounting 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 |
|---|---|---|---|---|
| Tyler Farquharson | $4,956,370 | $1,143,831 | $1,031,779 | ↑ +3,812,539 |
| Luke Brandenberg | 2,500,956 | 1,461,306 | 1,223,534 | ↑ +1,039,650 |
| Kimberly Weimer | 1,439,668 | — | — | — |
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 executive compensation program is designed to attract, retain, and motivate highly qualified executives and align their individual interests with the interests of stockholders. Total compensation is generally comprised of approximately 40% equity-based awards, 20% annual cash bonus awards, and 40% base salary, with a focus on competitive market positioning and driving performance in support of business strategies.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Dana Krieg |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
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 |
|---|---|---|---|---|---|---|---|
| Luke Brandenberg | RSU | 2025-03-05 | — | — | 22,282 | — | $125,002 |
| Tyler Farquharson | PSU | 2025-03-05 | 16,042 | 32,086 | — | 64,172 | 307,705 |
| Tyler Farquharson | RSU | 2025-03-05 | — | — | 16,043 | — | 90,001 |
| Luke Brandenberg | PSU | 2025-03-05 | 22,282 | 46,564 | — | 89,126 | 427,369 |
| Tyler Farquharson | PSU | 2025-06-12 | — | — | — | — | 2,687,285 |
| Tyler Farquharson | RSU | 2025-06-12 | — | — | 171,821 | — | 1,024,053 |
| Luke Brandenberg | OPTION | 2025-03-05 | — | — | 64,103 | — | 77,565 |
| Kimberly Weimer | RSU | 2025-06-12 | — | — | 42,955 | — | 256,012 |
| Tyler Farquharson | OPTION | 2025-03-05 | — | — | 46,154 | — | 55,846 |
| Kimberly Weimer | RSU | 2025-03-05 | — | — | 18,717 | — | 105,002 |
| Kimberly Weimer | PSU | 2025-06-12 | — | — | — | — | 671,821 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Luke Brandenberg | $125,002 | $427,369 | $77,565 | 67.8% |
| Tyler Farquharson | 1,114,054 | 2,994,990 | 55,846 | 71.9% |
| Kimberly Weimer | 361,014 | 671,821 | 0 | 65.0% |
% 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 |
|---|---|---|---|---|
| Luke Brandenberg | RSU | 11,106 | — | $62,859 |
| Tyler Farquharson | Option | 18,750 | 6.06 | — |
| Tyler Farquharson | Option | 30,769 | 5.61 | — |
| Kimberly Weimer | RSU | 70,748 | — | 332,516 |
| Tyler Farquharson | RSU | 202,193 | — | 950,307 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Amanda N. CoussensIndependent · Audit (Chair) · Compensation · Conflicts · ESG | $90,000 | $75,000 | — | — | — | $165,000 |
| Kirk LazarineNot independent | 75,000 | 75,000 | — | — | — | 150,000 |
| Michele J. EverardIndependent · Audit · Conflicts (Chair) | 75,000 | 75,000 | — | — | — | 150,000 |
| Matthew MillerIndependent · Compensation | 75,000 | 75,000 | — | — | — | 150,000 |
| Thaddeus DardenIndependent · Compensation (Chair) · ESG | 75,000 | 75,000 | — | — | — | 150,000 |
| Griffin PerryNot independent · ESG (Chair) | 75,000 | 75,000 | — | — | — | 150,000 |
| John McCartneyIndependent · Lead Independent Director · Audit · Compensation · Conflicts | 75,000 | 75,000 | — | — | — | 150,000 |
Board fee structure and ownership guideline
| Annual cash retainer | $75,000 |
|---|---|
| Annual equity retainer | $75,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 15,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $540,000 |
| Equity awards (grant-date value) | $525,000 |
| All other compensation | $0 |
| Total cost of the board | $1,065,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Granite Ridge Resources as a peer
Companies that benchmark against GRNT
7 companies name GRNT as a compensation peer
- Amplify Energy Corp.AMPYFY2025
- Diversified Energy CoDECFY2025
- EVOLUTION PETROLEUM CORPEPMFY2026
- HighPeak Energy, Inc.HPKFY2025
- NORTHERN OIL & GAS, INC.NOGFY2025
- Riley Exploration Permian, Inc.REPXFY2025
- RING ENERGY, INC.REIFY2025
Each company listed discloses GRNT 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 GRNT 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 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Peer reciprocity
The companies Granite Ridge Resources 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 | Vital Energy Inc. | 2024 | Jason Pigott | $828,269 | $6,404,790 | $0 | $868,647 | $8,141,620 |
| 2 | Riley Exploration Permian Inc. | 2025 | Bobby Riley | 675,000 | 3,914,725 | 0 | 742,000 | 5,782,259 |
| 3 | Northern Oil & Gas Inc. | 2025 | Nicholas O'Grady | 925,000 | 2,815,683 | 0 | 1,638,564 | 5,602,413 |
| 4 | Diversified Energy Co PLC | 2025 | Robert Hutson | 806,923 | 2,795,234 | 0 | 1,359,056 | 4,996,277 |
| 5 | Granite Ridge Resources | 2025 | Tyler Farquharson | 477,500 | 4,039,739 | 55,846 | 0 | 4,956,370 |
| 6 | Black Stone Minerals LP | 2025 | Thomas Carter | 485,034 | 3,767,249 | 0 | 517,895 | 4,787,678 |
| 7 | Vitesse Energy Inc. | 2025 | Robert Gerrity | 570,000 | 1,780,317 | 0 | 864,000 | 3,214,317 |
| 8 | Ring Energy Inc. | 2025 | Paul McKinney | 626,667 | 1,473,306 | 0 | 753,984 | 2,884,957 |
| 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 |
| 11 | Crescent Energy Co | 2022 | David Rockecharlie | 0 | 0 | — | — | 0 |
| — | Sitio Royalties Corp. | — | — | — | — | — | — | 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 |
|---|---|---|---|---|
| Granite Ridge Resources | not disclosed | not disclosed | not disclosed | Dana Krieg |
| Black Stone Minerals LP | not disclosed | PSU 50 · RSU 50 | No | FW Cook |
| Crescent Energy Co | not disclosed | RSU 100 | not disclosed | Meridian Compensation Partners |
| Diversified Energy Co PLC | not disclosed | RSU 70 · PSU 30 | not disclosed | Mercer Limited |
| Evolution Petroleum Corp. | not disclosed | PRSU 66.7 · RSU 33.3 | not disclosed | Meridian Compensation Partners |
| Northern Oil & Gas Inc. | 136.5% | MSU 88 · RSU 12 | Yes — 3-Year Absolute TSR | Willis Towers Watson |
| 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 |
| Sitio Royalties Corp. | not disclosed | not disclosed | not disclosed | not disclosed |
| Vital Energy Inc. | not disclosed | RSU 50 · PSU 50 | not disclosed | Willis Towers Watson |
| 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 |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-22 | 97,890,311 | 6,200,571 | 3,252,856 | 94.04% | 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 |
|---|---|---|
| 2026 | 2026-05-22 | 94.04%a |
a. Voting standard not stated in the filing.
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 (41 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, Tyler Farquharson. DEF 14A, filed 2026-04-08. Section “2025 Summary Compensation Table” · page 31. As printed: 4,956,370. View filing ↗
- Section 01, Luke Brandenberg. DEF 14A, filed 2026-04-08. Section “2025 Summary Compensation Table” · page 31. As printed: 2,500,956. View filing ↗
- Section 01, Kimberly Weimer. DEF 14A, filed 2026-04-08. Section “2025 Summary Compensation Table” · page 31. As printed: 1,439,668. View filing ↗
- Section 03, Luke Brandenberg RSU. DEF 14A, filed 2026-04-08. Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Tyler Farquharson PSU. DEF 14A, filed 2026-04-08. Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Tyler Farquharson RSU. DEF 14A, filed 2026-04-08. Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Luke Brandenberg PSU. DEF 14A, filed 2026-04-08. Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Tyler Farquharson PSU. DEF 14A, filed 2026-04-08. Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Tyler Farquharson RSU. DEF 14A, filed 2026-04-08. Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Luke Brandenberg OPTION. DEF 14A, filed 2026-04-08. Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Kimberly Weimer RSU. DEF 14A, filed 2026-04-08. Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Tyler Farquharson OPTION. DEF 14A, filed 2026-04-08. Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Kimberly Weimer RSU. DEF 14A, filed 2026-04-08. Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Kimberly Weimer PSU. DEF 14A, filed 2026-04-08. Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 08, Amanda N. Coussens. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 165,000. View filing ↗
- Section 08, Kirk Lazarine. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 150,000. View filing ↗
- Section 08, Michele J. Everard. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 150,000. View filing ↗
- Section 08, Matthew Miller. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 150,000. View filing ↗
- Section 08, Thaddeus Darden. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 150,000. View filing ↗
- Section 08, Griffin Perry. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 150,000. View filing ↗
- Section 08, John McCartney. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 150,000. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-22. Item 5.07 · say-on-pay result. As reported: 94.04% (votes for as printed: 97,890,311). 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 540,000 + equity 525,000 + all other 0 = 1,065,000, summed across the director compensation table rows.
- Vital Energy Inc., Section 10b CEO total. DEF 14A, filed 2025-04-10. CEO total compensation as printed in Vital Energy Inc.'s own proxy. As printed: 8,141,620. View filing ↗
- 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 & Gas Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Northern Oil & Gas Inc.'s own proxy. As printed: 5,602,413. View filing ↗
- Diversified Energy Co PLC, Section 10b CEO total. DEF 14A, filed 2026-03-24. CEO total compensation as printed in Diversified Energy Co PLC's own proxy. As printed: 4,996,277. View filing ↗
- Granite Ridge Resources (subject), Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in Granite Ridge Resources's own proxy. As printed: 4,956,370. View filing ↗
- Black Stone Minerals LP, Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Black Stone Minerals LP's own proxy. As printed: 4,787,678. 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 ↗
- 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., 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 ↗
- Crescent Energy Co, Section 10b CEO total. DEF 14A, filed 2023-08-25. CEO total compensation as printed in Crescent Energy Co's own proxy. As printed: 0. View filing ↗
- Section 10a, Riley Exploration Permian Inc. reciprocity. DEF 14A. Riley Exploration Permian Inc. names Granite Ridge Resources in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Evolution Petroleum Corp. reciprocity. DEF 14A. Evolution Petroleum Corp. names Granite Ridge Resources in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Northern Oil & Gas Inc. reciprocity. DEF 14A. Northern Oil & Gas Inc. names Granite Ridge Resources in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Ring Energy Inc. reciprocity. DEF 14A. Ring Energy Inc. names Granite Ridge Resources in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Diversified Energy Co PLC reciprocity. DEF 14A. Diversified Energy Co PLC names Granite Ridge Resources in its own disclosed peer group (read from its most recent proxy). View filing ↗