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Companies Permian Resources Corp

Permian Resources (CDEV): executive pay, fiscal 2025

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CEO total pay$11,432,842CEO William Hickey · source
CEO vs. named peers59th pct.Of 17 peer CEOs
CEO pay ratio73:1To the median employee · source

CEO pay, last three years

  • $4,297FY2023
  • $11,432,842FY2025

CEO total pay was $11,432,842 in fiscal 2025 (William Hickey), up from $4,297 in fiscal 2023 (James Walter, the CEO that year).

FY2025: salary $0 · bonus $0 · stock awards $11,432,842 · option awards $0

Frequently asked questions

Who was the highest-paid executive at Permian Resources Corp in fiscal 2025?
As disclosed, James Walter (Chief Executive Officer) was the highest-paid executive at Permian Resources Corp in fiscal 2025, with total compensation of $11,432,842.
How does Permian Resources Corp's chief executive pay compare to its disclosed peer group?
As disclosed, William Hickey's total compensation ranked at the 59th percentile of Permian Resources Corp's disclosed peer group.
What is Permian Resources Corp's CEO-to-median employee pay ratio?
As disclosed, Permian Resources Corp's CEO-to-median employee pay ratio was 73:1.
How much does Permian Resources Corp spend in total on board compensation for fiscal 2025?
As disclosed, Permian Resources Corp reported total board compensation of $2,153,631 for fiscal 2025.

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 officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
James Walter$0$0$11,432,842$0$0$0$0$11,432,842
Chief Executive Officer
William Hickey0011,432,842000011,432,842
Chief Executive Officer
Guy Oliphint475,00004,063,5570712,500014,5095,265,566
Executive Vice President and Chief Financial Officer
Robert Shannon395,83304,063,5570480,000023,5004,962,890
Executive Vice President and Chief Accounting Officer
John Bell400,00004,063,5570480,000015,2754,958,832
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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
James Walter$11,432,842—$4,297—
William Hickey11,432,842———
Guy Oliphint5,265,5664,924,2666,094,178↑ +341,300
Robert Shannon4,962,8902,877,431—↑ +2,085,459
John Bell4,958,8322,998,754847,560↑ +1,960,078

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 program is designed to attract, motivate, reward, and retain high-caliber management by aligning executive pay with short-term and long-term business objectives, financial performance, and shareholder returns. A key feature is that Co-CEOs receive 100% of their compensation in performance-based PSUs with no base salary or cash bonus, while other NEOs receive a mix of base salary, annual incentive, and long-term equity heavily weighted toward performance-based PSUs.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantMeridian Compensation Partners, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
William HickeyPSU2025-02-1843,905585,399—1,756,197$11,432,842
James WalterPSU2025-02-1843,905585,399—1,756,19711,432,842
Guy OliphintPSU2025-02-1811,364151,515—454,5452,959,088
John BellPSU2025-02-1811,364151,515—454,5452,959,088
Robert ShannonPSU2025-02-1811,364151,515—454,5452,959,088
John BellRSU2025-02-18——37,879—541,670
John BellRSU2025-09-02——38,787—562,799
Guy OliphintRSU2025-02-18——37,879—541,670
Guy OliphintRSU2025-09-02——38,787—562,799
Robert ShannonRSU2025-02-18——37,879—541,670
Robert ShannonRSU2025-09-02——38,787—562,799

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
William Hickey$0$11,432,842$0100.0%
James Walter011,432,8420100.0%
Guy Oliphint1,104,4692,959,088072.8%
John Bell1,104,4692,959,088072.8%
Robert Shannon1,104,4692,959,088072.8%

% 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

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Robert ShannonRSU18,323—$257,072
John BellRSU19,028—266,963
Guy OliphintRSU33,827—474,593
Guy OliphintRSU33,871—475,210
Guy OliphintRSU37,879—531,442
John BellRSU37,879—531,442
Robert ShannonRSU37,879—531,442
Guy OliphintRSU38,787—544,182
John BellRSU38,787—544,182
Robert ShannonRSU38,787—544,182
Robert ShannonPSU192,390—2,699,232
John BellPSU199,788—2,803,026
Guy OliphintPSU355,179—4,983,161
Guy OliphintPSU454,545—6,377,266
John BellPSU454,545—6,377,266
Robert ShannonPSU454,545—6,377,266
William HickeyPSU1,756,197—24,639,444
James WalterPSU1,756,197—24,639,444
William HickeyPSU1,787,844—25,083,451
James WalterPSU1,787,844—25,083,451
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Steven D. GrayIndependent · Board Chair · Compensation · Nominating and Corporate Governance (Chair)$0$439,865———$439,865
Jeffrey H. TepperIndependent · Audit (Chair) · Nominating and Corporate Governance0298,038———298,038
Maire A. BaldwinIndependent · Audit · Compensation (Chair)0295,638———295,638
Robert M. TichioIndependent · Compensation · Environmental, Social and Governance (Chair)0290,839———290,839
Aron MarquezIndependent · Compensation · Environmental, Social and Governance0276,417———276,417
Karan E. EvesIndependent · Audit · Nominating and Corporate Governance0276,417———276,417
Robert J. AndersonDeparted during FY0276,417———276,417
Frost W. CochranIndependent · Audit · Environmental, Social and Governance00————
William J. QuinnNot independent00————

Board fee structure and ownership guideline

Annual cash retainer$87,500
Annual equity retainer$200,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)22,500 / 20,000 / 15,000
Stock ownership guideline$612,500

Total cost of the board

ComponentFY2025
Cash retainers and fees$0
Equity awards (grant-date value)$2,153,631
All other compensation$0
Total cost of the board$2,153,631

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

Peer group, and who names Permian Resources as a peer

Companies that benchmark against CDEV

No companies currently name CDEV as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy, which names it the “Compensation Peer Group” — the reference set behind the percentile above.

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
1HighPeak Energy, Inc.2025Antonio Neri$1,350,000$19,628,955$0$2,408,832$23,482,721
2EQT Corporation2025Toby Rice113,552,23202,535,00016,087,233
3Diamondback Energy, Inc.2025Kaes Van t Hof1,109,50011,101,46202,676,35014,931,423
4Coterra Energy Inc.2024Thomas Jorden1,198,55810,628,85002,500,00014,748,960
5Ovintiv Inc.2025Brendan McCracken1,185,0009,900,00502,136,75013,693,140
6APA Corporation2025John Christmann IV1,300,0006,018,4361,897,9963,454,36013,202,517
7Devon Energy Corporation2025Clay Gaspar938,1259,633,68901,612,00012,566,384
8Permian Resources Corp2025William Hickey011,432,8420011,432,842
9Expand Energy Corporation2025Domenic Dell'Osso947,3468,890,444——9,879,106
10Matador Resources Company2025Joseph Foran1,800,0004,222,40003,726,0009,775,611
11Chord Energy Corporation2025Daniel Brown850,0006,362,91001,275,0008,567,235
12Civitas Resources, Inc.2024M. Christopher Doyle1,431,1506,933,919008,385,769
13SM Energy Company2025Herbert Vogel889,2625,500,0010992,4167,878,612
14Murphy Oil Corporation2025Eric Hambly950,0004,917,31501,324,0637,651,445
15Magnolia Oil & Gas Corporation2025Christopher Stavros870,1924,314,30901,480,5006,693,001
16Antero Resources Corporation2025Michael Kennedy655,4704,325,73401,678,3076,687,656
17Northern Oil and Gas, Inc.2025Nicholas O'Grady925,0002,815,68301,638,5645,602,413
18Range Resources Corporation2025Stuart Bodden639,4232,534,702003,722,785

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

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Permian Resources Corpnot disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
Antero Resources Corporation157.2%PSU 50 · RSU 50Yes — Absolute TSRCBIZ Compensation Consulting
APA Corporation189.8%PSU 60 · Options 20 · RSU 20Yes — Relative TSRPearl Meyer & Partners, LLC
Chord Energy Corporationnot disclosedPSU 67 · RSU 33not disclosedMeridian Compensation Partners, LLC
Civitas Resources, Inc.not disclosedPSU 70 · RSU 30Yes — Absolute TSRMeridian Compensation Partners, LLC
Coterra Energy Inc.174%PSU 50 · RSU 50Yes — Relative TSRF.W. Cook and Zayla Partners
Devon Energy Corporation124%PSU 60 · RSU 40Yes — Relative TSRMeridian Compensation Partners, LLC
Diamondback Energy, Inc.161%PSU 60 · RSU 40Yes — Total Stockholder Return (relative to TSR performance peer group)Meridian
EQT Corporation169%PSU 60 · RSU 40NoMeridian Compensation Partners, LLC
Expand Energy Corporationnot disclosedPSU 70 · RSU 30Yes — Absolute TSRMeridian Compensation Partners, LLC
HighPeak Energy, Inc.89%not disclosedYes — relative TSR vs. S&P 500FW Cook
Magnolia Oil & Gas Corporationnot disclosedRSU 50 · PSU 50not disclosedFW Cook
Matador Resources Companynot disclosedCash LTI 50 · PSU 50NoMeridian Compensation Partners, LLC
Murphy Oil Corporationnot disclosednot disclosednot disclosedMeridian Compensation Partners LLC
Northern Oil and Gas, Inc.136.5%MSU 88 · RSU 12Yes — 3-Year Absolute TSRWillis Towers Watson
Ovintiv Inc.140%RSU 50 · PSU 50Yes — Relative TSRFW Cook
Range Resources Corporationnot disclosednot disclosednot disclosedMeridian Compensation Consultants, LLC
SM Energy Company93%PSU 60 · RSU 40Yes — Absolute TSRFrederic W. Cook & Co., Inc.

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

No say-on-pay vote is on file for this company.

CEO pay ratio

Ratio (CEO : median employee)73 : 1
CEO total compensation$11,432,842
Median employee compensation$155,801
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (47 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 Walter. DEF 14A, filed 2026-04-06. Section “SUMMARY COMPENSATION TABLE” · page 46. As printed: 11,432,842. View filing ↗
  • Section 01, William Hickey. DEF 14A, filed 2026-04-06. Section “SUMMARY COMPENSATION TABLE” · page 46. As printed: 11,432,842. View filing ↗
  • Section 01, Guy Oliphint. DEF 14A, filed 2026-04-06. Section “SUMMARY COMPENSATION TABLE” · page 46. As printed: 5,265,566. View filing ↗
  • Section 01, Robert Shannon. DEF 14A, filed 2026-04-06. Section “SUMMARY COMPENSATION TABLE” · page 46. As printed: 4,962,890. View filing ↗
  • Section 01, John Bell. DEF 14A, filed 2026-04-06. Section “SUMMARY COMPENSATION TABLE” · page 46. As printed: 4,958,832. View filing ↗
  • Section 03, William Hickey PSU. DEF 14A, filed 2026-04-06. Section “GRANTS OF PLAN‑BASED AWARDS” · grants of plan-based awards table. View filing ↗
  • Section 03, James Walter PSU. DEF 14A, filed 2026-04-06. Section “GRANTS OF PLAN‑BASED AWARDS” · grants of plan-based awards table. View filing ↗
  • Section 03, Guy Oliphint PSU. DEF 14A, filed 2026-04-06. Section “GRANTS OF PLAN‑BASED AWARDS” · grants of plan-based awards table. View filing ↗
  • Section 03, John Bell PSU. DEF 14A, filed 2026-04-06. Section “GRANTS OF PLAN‑BASED AWARDS” · grants of plan-based awards table. View filing ↗
  • Section 03, Robert Shannon PSU. DEF 14A, filed 2026-04-06. Section “GRANTS OF PLAN‑BASED AWARDS” · grants of plan-based awards table. View filing ↗
  • Section 03, John Bell RSU. DEF 14A, filed 2026-04-06. Section “GRANTS OF PLAN‑BASED AWARDS” · grants of plan-based awards table. View filing ↗
  • Section 03, John Bell RSU. DEF 14A, filed 2026-04-06. Section “GRANTS OF PLAN‑BASED AWARDS” · grants of plan-based awards table. View filing ↗
  • Section 03, Guy Oliphint RSU. DEF 14A, filed 2026-04-06. Section “GRANTS OF PLAN‑BASED AWARDS” · grants of plan-based awards table. View filing ↗
  • Section 03, Guy Oliphint RSU. DEF 14A, filed 2026-04-06. Section “GRANTS OF PLAN‑BASED AWARDS” · grants of plan-based awards table. View filing ↗
  • Section 03, Robert Shannon RSU. DEF 14A, filed 2026-04-06. Section “GRANTS OF PLAN‑BASED AWARDS” · grants of plan-based awards table. View filing ↗
  • Section 03, Robert Shannon RSU. DEF 14A, filed 2026-04-06. Section “GRANTS OF PLAN‑BASED AWARDS” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-04-06. Section “CEO Pay Ratio”. As printed: 73 : 1. View filing ↗
  • Section 08, Steven D. Gray. DEF 14A, filed 2026-04-06. Section “Director Compensation”. As printed: 439,865. View filing ↗
  • Section 08, Jeffrey H. Tepper. DEF 14A, filed 2026-04-06. Section “Director Compensation”. As printed: 298,038. View filing ↗
  • Section 08, Maire A. Baldwin. DEF 14A, filed 2026-04-06. Section “Director Compensation”. As printed: 295,638. View filing ↗
  • Section 08, Robert M. Tichio. DEF 14A, filed 2026-04-06. Section “Director Compensation”. As printed: 290,839. View filing ↗
  • Section 08, Aron Marquez. DEF 14A, filed 2026-04-06. Section “Director Compensation”. As printed: 276,417. View filing ↗
  • Section 08, Karan E. Eves. DEF 14A, filed 2026-04-06. Section “Director Compensation”. As printed: 276,417. View filing ↗
  • Section 08, Robert J. Anderson. DEF 14A, filed 2026-04-06. Section “Director Compensation”. As printed: 276,417. View filing ↗
  • Section 08, Frost W. Cochran. DEF 14A, filed 2026-04-06. Section “Director Compensation”. As printed: —. View filing ↗
  • Section 08, William J. Quinn. DEF 14A, filed 2026-04-06. Section “Director Compensation”. As printed: —. 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 2,153,631 + all other 0 = 2,153,631, summed across the director compensation table rows.
  • HighPeak Energy, Inc., Section 10b CEO total. DEF 14A, filed 2026-02-11. CEO total compensation as printed in HighPeak Energy, Inc.'s own proxy. As printed: 23,482,721. View filing ↗
  • EQT Corporation, Section 10b CEO total. DEF 14A, filed 2026-02-26. CEO total compensation as printed in EQT Corporation's own proxy. As printed: 16,087,233. View filing ↗
  • Diamondback Energy, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in Diamondback Energy, Inc.'s own proxy. As printed: 14,931,423. View filing ↗
  • Coterra Energy Inc., Section 10b CEO total. DEF 14A, filed 2025-03-20. CEO total compensation as printed in Coterra Energy Inc.'s own proxy. As printed: 14,748,960. View filing ↗
  • Ovintiv Inc., Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in Ovintiv Inc.'s own proxy. As printed: 13,693,140. View filing ↗
  • APA Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in APA Corporation's own proxy. As printed: 13,202,517. View filing ↗
  • Devon Energy Corporation, Section 10b CEO total. DEF 14A, filed 2026-05-28. CEO total compensation as printed in Devon Energy Corporation's own proxy. As printed: 12,566,384. View filing ↗
  • Permian Resources Corp (subject), Section 10b CEO total. DEF 14A, filed 2026-04-06. CEO total compensation as printed in Permian Resources Corp's own proxy. As printed: 11,432,842. View filing ↗
  • Expand Energy Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Expand Energy Corporation's own proxy. As printed: 9,879,106. View filing ↗
  • Matador Resources Company, Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Matador Resources Company's own proxy. As printed: 9,775,611. View filing ↗
  • Chord Energy Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in Chord Energy Corporation's own proxy. As printed: 8,567,235. View filing ↗
  • Civitas Resources, Inc., Section 10b CEO total. DEF 14A, filed 2025-04-21. CEO total compensation as printed in Civitas Resources, Inc.'s own proxy. As printed: 8,385,769. View filing ↗
  • SM Energy Company, Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in SM Energy Company's own proxy. As printed: 7,878,612. View filing ↗
  • Murphy Oil Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Murphy Oil Corporation's own proxy. As printed: 7,651,445. View filing ↗
  • Magnolia Oil & Gas Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-24. CEO total compensation as printed in Magnolia Oil & Gas Corporation's own proxy. As printed: 6,693,001. View filing ↗
  • Antero Resources Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Antero Resources Corporation's own proxy. As printed: 6,687,656. 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 ↗
  • Range Resources Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Range Resources Corporation's own proxy. As printed: 3,722,785. View filing ↗
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