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Companies Civitas Resources

Civitas Resources (CIV): executive pay, fiscal 2024

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CEO total pay$8,385,769CEO M. Christopher Doyle · source
CEO vs. named peers33rd pct.Of 15 peer CEOs
CEO pay ratio48:1To the median employee · source

CEO pay, last three years

  • $9,625,418FY2022
  • $12,463,145FY2023
  • $8,385,769FY2024

CEO total pay was $8,385,769 in fiscal 2024, down from $12,463,145 in fiscal 2023.

FY2024: salary $1,431,150 · bonus $0 · stock awards $6,933,919 · option awards $0

Frequently asked questions

Who was the highest-paid executive at Civitas Resources in fiscal 2024?
As disclosed, M. Christopher Doyle (President and Chief Executive Officer) was the highest-paid executive at Civitas Resources in fiscal 2024, with total compensation of $8,385,769.
How does Civitas Resources's chief executive pay compare to its disclosed peer group?
As disclosed, M. Christopher Doyle's total compensation ranked at the 33rd percentile of Civitas Resources's disclosed peer group.
What is Civitas Resources's CEO-to-median employee pay ratio?
As disclosed, Civitas Resources's CEO-to-median employee pay ratio was 48:1.
How much does Civitas Resources spend in total on board compensation for fiscal 2024?
As disclosed, Civitas Resources reported total board compensation of $2,475,968 for fiscal 2024.

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
M. Christopher Doyle$1,431,150$0$6,933,919$0$0$0$20,700$8,385,769
President and Chief Executive Officer
Thomas Walker802,07302,704,88800021,4803,528,441
Former Chief Operating Officer
Marianella Foschi796,83102,687,24800021,4803,505,559
Chief Financial Officer and Treasurer
Travis Counts791,58902,669,54400020,7003,481,833
Chief Administrative Officer and Corporate Secretary
Jeffrey Kelly665,75001,488,79900020,7002,175,249
Former Chief Transformation 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 officerFY2024 totalFY2023 totalFY2022 totalΔ FY2023→2024
M. Christopher Doyle$8,385,769$12,463,145$9,625,418↓ −4,077,376
Thomas Walker3,528,4416,292,908—↓ −2,764,467
Marianella Foschi3,505,5595,016,1252,683,663↓ −1,510,566
Travis Counts3,481,8334,716,3002,886,477↓ −1,234,467
Jeffrey Kelly2,175,2493,157,698—↓ −982,449

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

Civitas strives to create a compensation program that encourages long-term value creation by tying individual compensation to the long-term performance of its stock while acknowledging the unique qualifications, skills, experience, and responsibilities of each individual. The program aims to align the interests of executive officers with those of stockholders by generating stronger compensation outcomes for stronger stock performance and weaker compensation outcomes for weaker stock performance.

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 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Marianella FoschiRSU2024-02-19——11,337—$715,251
Jeffrey KellyPSU2024-02-191,46614,655—32,9741,092,530
Travis CountsRSU2024-02-19——11,262—710,520
Travis CountsPSU2024-02-192,62826,278—59,1261,959,025
M. Christopher DoyleRSU2024-02-19——29,252—1,845,509
M. Christopher DoylePSU2024-02-196,82668,255—153,5745,088,410
Marianella FoschiPSU2024-02-192,64526,452—59,5171,971,997
Jeffrey KellyRSU2024-02-19——6,281—396,268
Thomas WalkerRSU2024-02-19——11,411—719,920
Thomas WalkerPSU2024-02-192,66326,626—59,9091,984,968

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Marianella Foschi$715,251$1,971,997$073.4%
Jeffrey Kelly396,2681,092,530073.4%
Travis Counts710,5201,959,025073.4%
M. Christopher Doyle1,845,5095,088,410073.4%
Thomas Walker719,9201,984,968073.4%

% 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 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Travis CountsRSU1,938—$88,896
Marianella FoschiRSU2,962—135,867
Travis CountsRSU4,843—222,148
Jeffrey KellyRSU6,281—288,109
Travis CountsRSU6,381—292,696
Travis CountsPSU6,783—311,136
Marianella FoschiRSU7,313—335,447
Marianella FoschiRSU8,609—0
Jeffrey KellyRSU9,072—416,133
Travis CountsRSU11,262—516,588
Marianella FoschiRSU11,337—520,028
Thomas WalkerRSU11,411—523,423
Jeffrey KellyPSU12,509—573,788
Marianella FoschiPSU12,914—0
Jeffrey KellyPSU14,655—672,225
Travis CountsPSU16,953—777,634
M. Christopher DoyleRSU18,792—861,989
M. Christopher DoyleRSU18,862—865,200
Thomas WalkerRSU21,923—1,005,608
Thomas WalkerPSU24,138—1,107,210
Travis CountsRSU25,397—0
Jeffrey KellyRSU25,397—0
Marianella FoschiPSU25,597—1,174,134
Travis CountsPSU26,278—1,205,372
Marianella FoschiPSU26,452—1,213,353
Thomas WalkerPSU26,626—1,221,335
M. Christopher DoyleRSU29,252—1,341,789
Thomas WalkerRSU33,149—0
Travis CountsPSU38,095—0
Jeffrey KellyPSU38,095—0
Thomas WalkerPSU49,723—0
Jeffrey KellyRSU50,794—0
Jeffrey KellyPSU50,794—0
M. Christopher DoylePSU66,014—3,028,062
M. Christopher DoylePSU68,255—3,130,857
Jeffrey KellyRSU186,632—810,756
Thomas WalkerRSU458,144—1,814,181
Travis CountsRSU458,617—1,353,789
Marianella FoschiRSU510,713—1,195,468
Jeffrey KellyRSU669,500—0
Jeffrey KellyRSU700,751—1,422,673
Jeffrey KellyPSU810,756—0
Thomas WalkerRSU906,213—2,712,394
Marianella FoschiPSU1,195,468—0
Travis CountsRSU1,200,450—0
Marianella FoschiRSU1,208,400—0
Thomas WalkerRSU1,216,350—0
Jeffrey KellyPSU1,339,000—0
Travis CountsRSU1,344,095—2,682,340
Travis CountsPSU1,353,789—0
Jeffrey KellyPSU1,422,673—0
Marianella FoschiRSU1,446,757—2,840,708
Thomas WalkerPSU1,814,181—0
Travis CountsPSU2,000,750—0
Marianella FoschiPSU2,014,000—0
Thomas WalkerPSU2,027,250—0
Travis CountsPSU2,682,340—0
Thomas WalkerPSU2,712,394—0
Marianella FoschiPSU2,840,708—0
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Wouter van KempenIndependent · Board Chair · Compensation · Nominating and Corporate Governance$125,000$283,871———$408,871
Morris R. ClarkIndependent · Audit (Chair)25,000283,871———308,871
Carrie L. HudakIndependent · Sustainability (Chair)20,000283,871———303,871
Howard A. Willard IIIIndependent · Compensation (Chair)20,000283,871———303,871
Jeffrey E. WojahnIndependent · Nominating and Corporate Governance (Chair)15,000283,871———298,871
Deborah ByersIndependent · Nominating and Corporate Governance Committee · Sustainability Committee0283,871———283,871
James M. TrimbleIndependent · Audit Committee · Sustainability Committee0283,871———283,871
Carrie M. FoxIndependent · Nominating and Corporate Governance Committee · Sustainability Committee0283,871———283,871

Board fee structure and ownership guideline

Annual cash retainer$0
Annual equity retainer$300,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 15,000
Stock ownership guideline—

Total cost of the board

ComponentFY2024
Cash retainers and fees$205,000
Equity awards (grant-date value)$2,270,968
All other compensation$0
Total cost of the board$2,475,968

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

Peer group, and who names Civitas Resources as a peer

Companies that benchmark against CIV

15 companies name CIV as a compensation peer

Each company listed discloses CIV 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 CIV 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 2024

The compensation peer group as the company disclosed it in its own proxy — 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
1Diamondback Energy, Inc.2025Kaes Van t Hof$1,109,500$11,101,462$0$2,676,350$14,931,423
2Coterra Energy Inc.2024Thomas Jorden1,198,55810,628,85002,500,00014,748,960
3Ovintiv Inc.2025Brendan McCracken1,185,0009,900,00502,136,75013,693,140
4Marathon Oil Corporation2023Lee Tillman1,200,0008,668,144—1,980,00012,830,222
5Devon Energy Corporation2025Clay Gaspar938,1259,633,68901,612,00012,566,384
6Permian Resources Corporation2025William Hickey III011,432,8420011,432,842
7Matador Resources Company2025Joseph Foran1,800,0004,222,40003,726,0009,775,611
8Chord Energy Corporation2025Daniel Brown850,0006,362,91001,275,0008,567,235
9Civitas Resources2024M. Christopher Doyle1,431,1506,933,919008,385,769
10Range Resources Corporation2025Dennis Degner932,5006,143,87701,128,0008,375,421
11SM Energy Company2025Herbert Vogel889,2625,500,0010992,4167,878,612
12Murphy Oil Corporation2025Eric Hambly950,0004,917,31501,324,0637,651,445
13CNX Resources Corporation2025Nicholas DeIuliis800,0003,000,02402,396,0007,420,318
—PDC Energy, Inc.——————not in coverage universe
—Southwestern Energy Company——————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

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Civitas Resourcesnot disclosedPSU 70 · RSU 30not disclosedMeridian Compensation Partners, LLC
Chord Energy Corporationnot disclosedPSU 67 · RSU 33not disclosedMeridian Compensation Partners, LLC
CNX Resources Corporationnot disclosedRSU 50 · PSU 40 · ESG PSU 10not disclosednot disclosed
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
Marathon Oil Corporation110%RSU 40 · FCF PSU 30 · TSR PSU 30NoMeridian Compensation Partners LLC
Matador Resources Companynot disclosedCash LTI 50 · PSU 50NoMeridian Compensation Partners, LLC
Murphy Oil Corporationnot disclosednot disclosednot disclosedMeridian Compensation Partners LLC
Ovintiv Inc.140%RSU 50 · PSU 50Yes — Relative TSRFW Cook
PDC Energy, Inc.not disclosednot disclosednot disclosednot disclosed
Permian Resources Corporation150%not disclosedYes — Relative TSRMeridian Compensation Partners, LLC
Range Resources Corporationnot disclosedPSU 60 · RSU 40Yes — Total Stockholder Return (TSR)Meridian Compensation Partners, LLC
SM Energy Company93%PSU 60 · RSU 40Yes — Absolute TSRFrederic W. Cook & Co., Inc.
Southwestern Energy Companynot disclosednot disclosednot disclosednot 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

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

CEO pay ratio

Ratio (CEO : median employee)48 : 1
CEO total compensation$8,385,769
Median employee compensation$175,040
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (40 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, M. Christopher Doyle. DEF 14A, filed 2025-04-21. Section “2024 Summary Compensation Table” · page 41. As printed: 8,385,769. View filing ↗
  • Section 01, Thomas Walker. DEF 14A, filed 2025-04-21. Section “2024 Summary Compensation Table” · page 41. As printed: 3,528,441. View filing ↗
  • Section 01, Marianella Foschi. DEF 14A, filed 2025-04-21. Section “2024 Summary Compensation Table” · page 41. As printed: 3,505,559. View filing ↗
  • Section 01, Travis Counts. DEF 14A, filed 2025-04-21. Section “2024 Summary Compensation Table” · page 41. As printed: 3,481,833. View filing ↗
  • Section 01, Jeffrey Kelly. DEF 14A, filed 2025-04-21. Section “2024 Summary Compensation Table” · page 41. As printed: 2,175,249. View filing ↗
  • Section 03, Marianella Foschi RSU. DEF 14A, filed 2025-04-21. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Jeffrey Kelly PSU. DEF 14A, filed 2025-04-21. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Travis Counts RSU. DEF 14A, filed 2025-04-21. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Travis Counts PSU. DEF 14A, filed 2025-04-21. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, M. Christopher Doyle RSU. DEF 14A, filed 2025-04-21. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, M. Christopher Doyle PSU. DEF 14A, filed 2025-04-21. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Marianella Foschi PSU. DEF 14A, filed 2025-04-21. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Jeffrey Kelly RSU. DEF 14A, filed 2025-04-21. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Thomas Walker RSU. DEF 14A, filed 2025-04-21. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Thomas Walker PSU. DEF 14A, filed 2025-04-21. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2025-04-21. Section “CEO Pay Ratio”. As printed: 48 : 1. View filing ↗
  • Section 08, Wouter van Kempen. DEF 14A, filed 2025-04-21. Section “Director Compensation”. As printed: 408,871. View filing ↗
  • Section 08, Morris R. Clark. DEF 14A, filed 2025-04-21. Section “Director Compensation”. As printed: 308,871. View filing ↗
  • Section 08, Carrie L. Hudak. DEF 14A, filed 2025-04-21. Section “Director Compensation”. As printed: 303,871. View filing ↗
  • Section 08, Howard A. Willard III. DEF 14A, filed 2025-04-21. Section “Director Compensation”. As printed: 303,871. View filing ↗
  • Section 08, Jeffrey E. Wojahn. DEF 14A, filed 2025-04-21. Section “Director Compensation”. As printed: 298,871. View filing ↗
  • Section 08, Deborah Byers. DEF 14A, filed 2025-04-21. Section “Director Compensation”. As printed: 283,871. View filing ↗
  • Section 08, James M. Trimble. DEF 14A, filed 2025-04-21. Section “Director Compensation”. As printed: 283,871. View filing ↗
  • Section 08, Carrie M. Fox. DEF 14A, filed 2025-04-21. Section “Director Compensation”. As printed: 283,871. 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 205,000 + equity 2,270,968 + all other 0 = 2,475,968, summed across the director compensation table rows.
  • 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 ↗
  • Marathon Oil Corporation, Section 10b CEO total. DEF 14A, filed 2024-04-10. CEO total compensation as printed in Marathon Oil Corporation's own proxy. As printed: 12,830,222. 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 Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-06. CEO total compensation as printed in Permian Resources Corporation's own proxy. As printed: 11,432,842. 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 (subject), Section 10b CEO total. DEF 14A, filed 2025-04-21. CEO total compensation as printed in Civitas Resources's own proxy. As printed: 8,385,769. View filing ↗
  • Range Resources Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Range Resources Corporation's own proxy. As printed: 8,375,421. 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 ↗
  • CNX Resources Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in CNX Resources Corporation's own proxy. As printed: 7,420,318. View filing ↗
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