Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-08

Atlas Energy Solutions (AESI)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$5,508,018
John Turner total, FY2025
22nd
CEO pay percentile vs peers
60:1
CEO-to-median pay ratio
97.12%
Say-on-pay support, latest vote
Companies that benchmark against AESI
2 companies name AESI as a compensation peer

Each company listed discloses AESI 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 AESI in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
John Turner$906,154$476,100$4,072,930$0$0$0$52,834$5,508,018
Chief Executive Officer and President
Ben Brigham253,07704,197,68800004,450,765
Executive Chairman
Chris Scholla409,61501,730,9950002,100,7224,241,333
Former Executive Vice President and President of Sand and Logistics
Blake McCarthy494,231225,0001,730,99500033,6382,483,864
Chief Financial Officer
Dathan Voelter438,403158,4001,145,503000162,9381,905,244
General Counsel, Secretary and Chief Compliance 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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
John Turner$5,508,018$5,904,989$2,784,985−396,971
Ben Brigham4,450,7656,759,6956,106,025−2,308,930
Chris Scholla4,241,3332,598,392+1,642,941
Blake McCarthy2,483,8643,046,488−562,624
Dathan Voelter1,905,2442,145,8656,278,013−240,621

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
John TurnerPSU2025-03-13113,960227,920$2,072,932
Ben BrighamRSU2025-03-13
Ben BrighamPSU2025-03-13230,769461,5384,197,688
Blake McCarthyPSU2025-03-1348,43396,866880,996
Blake McCarthyRSU2025-03-1348,433849,999
Chris SchollaPSU2025-03-1348,43396,866880,996
Chris SchollaRSU2025-03-1348,433849,999
John TurnerRSU2025-03-13113,9601,999,998
Dathan VoelterRSU2025-03-1332,051562,495
Dathan VoelterPSU2025-03-1332,05164,102583,008
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
John Turner$1,999,998$2,072,932$050.9%
Ben Brigham04,197,6880100.0%
Blake McCarthy849,999880,996050.9%
Chris Scholla849,999880,996050.9%
Dathan Voelter562,495583,008050.9%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Ben BrighamPSU277,778$2,616,669
Ben BrighamPSU230,7692,173,844
Ben BrighamPSU209,1941,970,607
John TurnerRSU113,9601,073,503
John TurnerPSU113,9601,073,503
John TurnerPSU85,744807,708
Dathan VoelterRSU69,026650,224
John TurnerRSU57,166538,503
Blake McCarthyPSU48,433456,239
Blake McCarthyRSU48,433456,238
John TurnerPSU45,833431,747
Dathan VoelterRSU32,051301,920
Dathan VoelterPSU32,051301,920
Blake McCarthyPSU30,251284,964
Dathan VoelterPSU27,778261,669
Dathan VoelterPSU27,118255,452
Blake McCarthyRSU20,169189,991
Blake McCarthyRSU18,728176,417
Dathan VoelterRSU18,080170,313
John TurnerRSU15,279143,928
Dathan VoelterRSU9,26087,229
05

Incentive-plan design — the Compensation Discussion & Analysis

Atlas' executive compensation program is designed to attract and retain talent, pay for performance, and align executives' interests with those of shareholders by heavily weighting compensation toward stock-based incentives. The program links a significant portion of NEO compensation to long-term company performance and stock price returns, with a substantial majority of target compensation delivered as long-term equity.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantMeridian Compensation Partners LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-0782,254,0102,438,555252,89197.12%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 yearMeeting dateApproval — company's computation
20262026-05-0797.12%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.

07

CEO pay ratio

Ratio (CEO : median employee)60 : 1
CEO total compensation
Median employee compensation$91,272
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Robb L. VoylesIndependent · Audit (Chair) · Nominating & Corporate Governance$0$250,000$250,000
A. Lance LangfordIndependent · Compensation · Nominating & Corporate Governance (Chair)0240,000240,000
Gayle BurlesonIndependent · Audit · Compensation (Chair)95,000145,000240,000
Stacy HockIndependent · Compensation · Nominating & Corporate Governance · Not standing for re-election75,000145,000220,000
Douglas RogersNot independent0220,000220,000
John Michael “Mike” HowardIndependent · Compensation · Nominating & Corporate Governance0220,000220,000
Mark P. MillsIndependent · Audit · Compensation0220,000220,000
Ben M. “Bud” BrighamEmployee director · Board Chair0
John TurnerEmployee director0
09

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer$145,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)30,000 / 20,000 / 20,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$170,000
Equity awards (grant-date value)$1,440,000
All other compensation$0
Total cost of the board$1,610,000

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

10

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.

SLCA U.S. Silica Holdings, Inc.SWCH Select Water Solutions, Inc.CTCX Cactus, Inc.NOV NOV, Inc.LE Liberty Energy Inc.PUMP ProPetro Holding Corp.FDR Dril-Quip, Inc.CHX ChampionX CorporationAROC Archrock, Inc.NVX Innovex International, Inc.NBR Nabors Industries Ltd.PTEN Patterson-UTI Energy, Inc.HP Helmerich & Payne, Inc.EXR Expro Group Holdings N.V.PFR ProFrac Holding Corp.WFRD Weatherford International plcOIS Oil States International, Inc.SOI Solaris Oilfield Infrastructure, Inc.CLB Core Laboratories Inc.
10a

Peer reciprocity

Of the companies Atlas Energy Solutions names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

U.S. Silica Holdings, Inc. (SLCA) Select Water Solutions, Inc. (SWCH) Cactus, Inc. (CTCX) NOV, Inc. (NOV)42 Liberty Energy Inc. (LE)43 ProPetro Holding Corp. (PUMP)44 Dril-Quip, Inc. (FDR) ChampionX Corporation (CHX) Archrock, Inc. (AROC) Innovex International, Inc. (NVX) Nabors Industries Ltd. (NBR)45 Patterson-UTI Energy, Inc. (PTEN)46 Helmerich & Payne, Inc. (HP)47 Expro Group Holdings N.V. (EXR)48 ProFrac Holding Corp. (PFR) Weatherford International plc (WFRD)49 Oil States International, Inc. (OIS)50 Solaris Oilfield Infrastructure, Inc. (SOI) Core Laboratories Inc. (CLB)51

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Atlas Energy Solutions.

10b

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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Nabors Industries Ltd.2025Anthony Petrello$1,750,000$5,352,354$0$2,049,275$29,636,103
2Expro Group Holdings N.V.2025Joseph Margolis940,00011,138,71501,616,21314,186,887
3Weatherford International plc2025Girishchandra Saligram1,254,8089,969,03501,735,29613,022,298
4NOV, Inc.2025Clay Williams1,000,0009,576,940899,2081,129,49212,713,187
5Patterson-UTI Energy, Inc.2025William Hendricks1,300,0008,497,99102,264,33012,077,321
6Helmerich & Payne, Inc.2025John Lindsay1,179,9095,749,95701,559,0169,010,799
7Select Water Solutions, Inc.2021Rob Roy1,046,0005,739,98401,496,9708,758,715
8ProPetro Holding Corp.2025Samuel Sledge975,0004,391,41001,137,5006,539,712
9Liberty Energy Inc.2025Andrew McLean1,100,0002,841,49101,416,2505,914,780
10Atlas Energy Solutions2025John Turner906,1544,072,930005,508,018
11Oil States International, Inc.2025Cindy Taylor925,0002,400,00301,654,2445,079,386
12Core Laboratories Inc.2025Lawrence Bruno886,9123,505,1050351,2174,980,491
U.S. Silica Holdings, Inc.not in coverage universe
Cactus, Inc.not in coverage universe
Dril-Quip, Inc.not in coverage universe
ChampionX Corporationnot in coverage universe
Archrock, Inc.not in coverage universe
Innovex International, Inc.not in coverage universe
ProFrac Holding Corp.not in coverage universe
Solaris Oilfield Infrastructure, 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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Atlas Energy Solutionsnot disclosedRSU 50 · PSU 50not disclosedMeridian Compensation Partners LLC
Archrock, Inc.not disclosednot disclosednot disclosednot disclosed
Cactus, Inc.not disclosednot disclosednot disclosednot disclosed
ChampionX Corporationnot disclosednot disclosednot disclosednot disclosed
Core Laboratories Inc.not disclosednot disclosednot disclosednot disclosed
Dril-Quip, Inc.not disclosednot disclosednot disclosednot disclosed
Expro Group Holdings N.V.98.25%PSU 75 · RSU 25Yes — Relative TSRMeridian
Helmerich & Payne, Inc.109.09%PSU 50 · RSU 50Yes — Total Stockholder Return (TSR)Willis Towers Watson
Innovex International, Inc.not disclosednot disclosednot disclosednot disclosed
Liberty Energy Inc.103%PSU 60 · RSU 40NoFrederic W. Cook & Co., Inc.
Nabors Industries Ltd.not disclosednot disclosedYes — Relative Total Shareholder Return (TSR)Pay Governance
NOV, Inc.87%PSU 50 · RSU 40 · Options 10Yes — TSR (total shareholder return) goalMeridian Compensation Partners
Oil States International, Inc.not disclosedRSU 50 · PRSU 25 · Cash Performance Award 25not disclosedMeridian Compensation Partners
Patterson-UTI Energy, Inc.not disclosedPSU 50 · RSU 50Yes — Total Stockholder Return (TSR)Pay Governance LLC
ProFrac Holding Corp.not disclosednot disclosednot disclosednot disclosed
ProPetro Holding Corp.not disclosedRSU 50 · PSU 50not disclosedPearl Meyer
Select Water Solutions, Inc.114.5%RSU 50 · PSU 50Yes — Three-year relative TSRFrederic W. Cook & Co., Inc.
Solaris Oilfield Infrastructure, Inc.not disclosednot disclosednot disclosednot disclosed
U.S. Silica Holdings, Inc.not disclosednot disclosednot disclosednot disclosed
Weatherford International plc92.3%PSU 75 · RSU 25NoLB&Co.

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.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, John TurnerDEF 14A2026-03-270001140361-26-011749Section “Executive Compensation”. As printed: 5,508,018. Filing ↗machine: r5 · c18 · span 569568–569577
2Section 01, Ben BrighamDEF 14A2026-03-270001140361-26-011749Section “Executive Compensation”. As printed: 4,450,765. Filing ↗machine: r2 · c18 · span 559079–559088
3Section 01, Chris SchollaDEF 14A2026-03-270001140361-26-011749Section “Executive Compensation”. As printed: 4,241,333. Filing ↗machine: r13 · c18 · span 597068–597077
4Section 01, Blake McCarthyDEF 14A2026-03-270001140361-26-011749Section “Executive Compensation”. As printed: 2,483,864. Filing ↗machine: r8 · c18 · span 579367–579376
5Section 01, Dathan VoelterDEF 14A2026-03-270001140361-26-011749Section “Executive Compensation”. As printed: 1,905,244. Filing ↗machine: r10 · c18 · span 586747–586756
6Section 03, John Turner PSUDEF 14A2026-03-270001140361-26-011749Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 647742–647751
7Section 03, Ben Brigham RSUDEF 14A2026-03-270001140361-26-011749Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
8Section 03, Ben Brigham PSUDEF 14A2026-03-270001140361-26-011749Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 640862–640871
9Section 03, Blake McCarthy PSUDEF 14A2026-03-270001140361-26-011749Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 656078–656085
10Section 03, Blake McCarthy RSUDEF 14A2026-03-270001140361-26-011749Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 652160–652167
11Section 03, Chris Scholla PSUDEF 14A2026-03-270001140361-26-011749Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 671380–671387
12Section 03, Chris Scholla RSUDEF 14A2026-03-270001140361-26-011749Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 667683–667690
13Section 03, John Turner RSUDEF 14A2026-03-270001140361-26-011749Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 644441–644450
14Section 03, Dathan Voelter RSUDEF 14A2026-03-270001140361-26-011749Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 659910–659917
15Section 03, Dathan Voelter PSUDEF 14A2026-03-270001140361-26-011749Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 663285–663292
16Section 07, pay ratioDEF 14A2026-03-270001140361-26-011749Section “CEO Pay Ratio”. As printed: 60 : 1. Filing ↗
17Section 08, Robb L. VoylesDEF 14A2026-03-270001140361-26-011749Section “Director Compensation”. As printed: 250,000. Filing ↗
18Section 08, A. Lance LangfordDEF 14A2026-03-270001140361-26-011749Section “Director Compensation”. As printed: 240,000. Filing ↗machine: span 298021–298028
19Section 08, Gayle BurlesonDEF 14A2026-03-270001140361-26-011749Section “Director Compensation”. As printed: 240,000. Filing ↗machine: span 292931–292938
20Section 08, Stacy HockDEF 14A2026-03-270001140361-26-011749Section “Director Compensation”. As printed: 220,000. Filing ↗machine: span 294655–294662
21Section 08, Douglas RogersDEF 14A2026-03-270001140361-26-011749Section “Director Compensation”. As printed: 220,000. Filing ↗
22Section 08, John Michael “Mike” HowardDEF 14A2026-03-270001140361-26-011749Section “Director Compensation”. As printed: 220,000. Filing ↗machine: span 296157–296164
23Section 08, Mark P. MillsDEF 14A2026-03-270001140361-26-011749Section “Director Compensation”. As printed: 220,000. Filing ↗machine: span 299989–299996
24Section 08, Ben M. “Bud” BrighamDEF 14A2026-03-270001140361-26-011749Section “Director Compensation”. As printed: 0. Filing ↗
25Section 08, John TurnerDEF 14A2026-03-270001140361-26-011749Section “Director Compensation”. As printed: 0. Filing ↗
26Section 06, 2026 voteForm 8-K2026-05-080001193125-26-214632Item 5.07 · say-on-pay result. As reported: 97.12% (votes for as printed: 82,254,010). Filing ↗
27Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
28Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
29Section 09b board cost (computed)ComputedcomputedCash 170,000 + equity 1,440,000 + all other 0 = 1,610,000, summed across the director compensation table rows.machine: formula: Σ = 1,610,000
30Nabors Industries Ltd., Section 10b CEO totalDEF 14A2026-04-220001140361-26-016154CEO total compensation as printed in Nabors Industries Ltd.'s own proxy. As printed: 29,636,103. Filing ↗machine: r2 · c25 · span 1447823–1447833
31Expro Group Holdings N.V., Section 10b CEO totalDEF 14A2026-04-010001289490-26-000027CEO total compensation as printed in Expro Group Holdings N.V.'s own proxy. As printed: 14,186,887. Filing ↗machine: r2 · c21 · span 521873–521883
32Weatherford International plc, Section 10b CEO totalDEF 14A2026-04-210001193125-26-166847CEO total compensation as printed in Weatherford International plc's own proxy. As printed: 13,022,298. Filing ↗machine: r3 · c27 · span 828253–828263
33NOV, Inc., Section 10b CEO totalDEF 14A2026-04-090001193125-26-148884CEO total compensation as printed in NOV, Inc.'s own proxy. As printed: 12,713,187. Filing ↗machine: t130 · r2 · c35 · span 574372–574382
34Patterson-UTI Energy, Inc., Section 10b CEO totalDEF 14A2026-04-130000889900-26-000020CEO total compensation as printed in Patterson-UTI Energy, Inc.'s own proxy. As printed: 12,077,321. Filing ↗machine: span 571078–571088
35Helmerich & Payne, Inc., Section 10b CEO totalDEF 14A2026-01-220001104659-26-005786CEO total compensation as printed in Helmerich & Payne, Inc.'s own proxy. As printed: 9,010,799. Filing ↗machine: r1 · c42 · span 1420313–1420322
36Select Water Solutions, Inc., Section 10b CEO totalDEF 14A2022-04-280001193125-22-125136CEO total compensation as printed in Select Water Solutions, Inc.'s own proxy. As printed: 8,758,715. Filing ↗machine: t137 · span 427436–427445
37ProPetro Holding Corp., Section 10b CEO totalDEF 14A2026-04-080001104659-26-040891CEO total compensation as printed in ProPetro Holding Corp.'s own proxy. As printed: 6,539,712. Filing ↗machine: r1 · c48 · span 1147235–1147244
38Liberty Energy Inc., Section 10b CEO totalDEF 14A2026-03-270001104659-26-036100CEO total compensation as printed in Liberty Energy Inc.'s own proxy. As printed: 5,914,780. Filing ↗machine: t19 · r1 · c47 · span 511069–511078
39Atlas Energy Solutions (subject), Section 10b CEO totalDEF 14A2026-03-270001140361-26-011749CEO total compensation as printed in Atlas Energy Solutions's own proxy. As printed: 5,508,018. Filing ↗machine: r5 · c18 · span 569568–569577
40Oil States International, Inc., Section 10b CEO totalDEF 14A2026-03-270001121484-26-000017CEO total compensation as printed in Oil States International, Inc.'s own proxy. As printed: 5,079,386. Filing ↗machine: r2 · c21 · span 888287–888296
41Core Laboratories Inc., Section 10b CEO totalDEF 14A2026-03-310001193125-26-134986CEO total compensation as printed in Core Laboratories Inc.'s own proxy. As printed: 4,980,491. Filing ↗machine: r2 · c20 · span 793587–793596
42Section 10a, NOV, Inc. reciprocityDEF 14A0001193125-26-148884NOV, Inc.'s most recent proxy was read; its disclosed peer group does not include Atlas Energy Solutions. Filing ↗
43Section 10a, Liberty Energy Inc. reciprocityDEF 14A0001104659-26-036100Liberty Energy Inc.'s most recent proxy was read; its disclosed peer group does not include Atlas Energy Solutions. Filing ↗
44Section 10a, ProPetro Holding Corp. reciprocityDEF 14A0001104659-26-040891ProPetro Holding Corp.'s most recent proxy was read; its disclosed peer group does not include Atlas Energy Solutions. Filing ↗
45Section 10a, Nabors Industries Ltd. reciprocityDEF 14A0001140361-26-016154Nabors Industries Ltd.'s most recent proxy was read; its disclosed peer group does not include Atlas Energy Solutions. Filing ↗
46Section 10a, Patterson-UTI Energy, Inc. reciprocityDEF 14A0001628280-25-017335Patterson-UTI Energy, Inc.'s most recent proxy was read; its disclosed peer group does not include Atlas Energy Solutions. Filing ↗
47Section 10a, Helmerich & Payne, Inc. reciprocityDEF 14A0001104659-26-005786Helmerich & Payne, Inc.'s most recent proxy was read; its disclosed peer group does not include Atlas Energy Solutions. Filing ↗
48Section 10a, Expro Group Holdings N.V. reciprocityDEF 14A0001289490-26-000027Expro Group Holdings N.V.'s most recent proxy was read; its disclosed peer group does not include Atlas Energy Solutions. Filing ↗
49Section 10a, Weatherford International plc reciprocityDEF 14A0001193125-26-166847Weatherford International plc's most recent proxy was read; its disclosed peer group does not include Atlas Energy Solutions. Filing ↗
50Section 10a, Oil States International, Inc. reciprocityDEF 14A0001121484-26-000017Oil States International, Inc.'s most recent proxy was read; its disclosed peer group does not include Atlas Energy Solutions. Filing ↗
51Section 10a, Core Laboratories Inc. reciprocityDEF 14A0001193125-26-134986Core Laboratories Inc.'s most recent proxy was read; its disclosed peer group does not include Atlas Energy Solutions. Filing ↗