Velarion · Company Intelligence
Compensation Brief
Fiscal year 2022 · Filings through 2026-04-29

Crescent Energy (CRGY)

Fiscal year 2022 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.

$793,667
Bo Shi total, FY2022
General Counsel and Corporate Secretaryhighest-paid officer; CEO David Rockecharlie: $0
CEO (David Rockecharlie) pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against CRGY
2 companies name CRGY as a compensation peer

Each company listed discloses CRGY 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 CRGY 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 2022

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Bo Shi$300,000$345,000$134,485$0$0$0$14,182$793,667
General Counsel and Corporate Secretary
David Rockecharlie00000
Chief Executive 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 officerFY2022 totalFY2021 totalFY2020 totalΔ FY20212022
Bo Shi$793,667
David Rockecharlie0

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 2022

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Bo ShiRSU2022-04-017,305$134,485
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Bo Shi$134,485$0$00.0%

% 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 2022

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Bo ShiRSU7,305$87,587
05

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation program is intended to attract, motivate and retain talented individuals who are committed to high performance and achieving successful company results. It is designed to align the incentives of executives with our stockholders’ interests and to promote the achievement of key corporate performance measures.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantMeridian Compensation Partners
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
08

Director compensation — fiscal year 2022

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Karen J. SimonIndependent · ESG$73,000$168,102$25,000$266,102
Claire S. FarleyIndependent91,500168,1020259,602
Ellis L. “Lon” McCainIndependent88,000168,1020256,102
Erich BobinskyNot independent72,000168,1020240,102
John C. GoffIndependent71,000168,1020239,102
Bevin BrownIndependent71,000168,1020239,102
Robert G. GwinIndependent69,000168,1020237,102
David C. RockecharlieEmployee director0
Brandi KendallEmployee director0
09

Board fee structure and ownership guideline

Annual cash retainer$65,000
Annual equity retainer$125,000
Per board meeting fee$1,000
Committee chair fees (audit / comp / nom-gov)15,000 / 10,000 / 9,500
Stock ownership guideline$5
09b

Total cost of the board

ComponentFY2022
Cash retainers and fees$535,500
Equity awards (grant-date value)$1,176,714
All other compensation$25,000
Total cost of the board$1,737,214

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

10

Disclosed peer group — fiscal year 2022

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

10a

Peer reciprocity

Of the companies Crescent Energy 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.

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 Crescent Energy.

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
1Comstock Resources, Inc.2025M. Jay Allison$1,039,500$16,549,171$0$2,013,512$21,934,257
2EQT Corporation2025Toby Rice113,552,23202,535,00016,087,233
3Ovintiv, Inc.2025Brendan McCracken1,185,0009,900,00502,136,75013,693,140
4APA Corporation2025John Christmann IV1,300,0006,018,4361,897,9963,454,36013,202,517
5Marathon Oil Corporation2023Lee Tillman1,200,0008,668,14401,980,00012,830,222
6Matador Resources Corporation2025Joseph Foran1,800,0004,222,40003,726,0009,775,611
7Chord Energy Corporation2025Daniel Brown850,0006,362,91001,275,0008,567,235
8Range Resources Corporation2025Dennis Degner932,5006,143,87701,128,0008,375,421
9Murphy Oil Company2025Eric Hambly950,0004,917,31501,324,0637,651,445
10CNX Resources Corporation2025Nicholas DeIuliis800,0003,000,02402,396,0007,420,318
11Antero Resources Corporation2025Michael Kennedy655,4704,325,73401,678,3076,687,656
12SM Energy Company2025Elizabeth McDonald576,3692,299,9950536,0244,475,172
13PDC Energy, Inc.2025Robert Gerrity570,0001,780,3170864,0003,214,317
14Crescent Energy2022David Rockecharlie000
California Resources Corporationnot in coverage universe
Magnolia Oil & Gas Corporationnot in coverage universe
Southwestern Energy Companynot 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
Crescent Energynot disclosedRSU 100not disclosedMeridian Compensation Partners
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
California Resources Corporationnot disclosednot disclosednot disclosednot disclosed
Chord Energy Corporationnot disclosedPSU 67 · RSU 33not disclosedMeridian Compensation Partners, LLC
CNX Resources Corporationnot disclosednot disclosednot disclosednot disclosed
Comstock Resources, Inc.not disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
EQT Corporation169%PSU 60 · RSU 40NoMeridian Compensation Partners, LLC
Magnolia Oil & Gas Corporationnot disclosednot disclosednot disclosednot disclosed
Marathon Oil Corporation110%PSU 60 · RSU 40NoMeridian Compensation Partners LLC
Matador Resources Corporationnot disclosedPhantom Units 50 · PSU 50not disclosedMeridian Compensation Partners, LLC
Murphy Oil Companynot disclosednot disclosednot disclosedMeridian Compensation Partners LLC
Ovintiv, Inc.140%RSU 50 · PSU 50Yes — Relative TSRFW Cook
PDC Energy, Inc.not disclosedPSU 60 · RSU 40not disclosednot disclosed
Range Resources Corporation101%PSU 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.

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, Bo ShiDEF 14A2023-08-250001193125-23-221512Section “Executive Compensation”. As printed: 793,667. Filing ↗machine: r17 · c23 · span 177888–177895
2Section 01, David RockecharlieDEF 14A2023-08-250001193125-23-221512Section “Executive Compensation”. As printed: 0. Filing ↗
3Section 03, Bo Shi RSUDEF 14A2023-08-250001193125-23-221512Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 177549–177556
4Section 08, Karen J. SimonDEF 14A2023-08-250001193125-23-221512Section “Director Compensation”. As printed: 266,102. Filing ↗machine: span 285828–285835
5Section 08, Claire S. FarleyDEF 14A2023-08-250001193125-23-221512Section “Director Compensation”. As printed: 259,602. Filing ↗machine: span 282937–282944
6Section 08, Ellis L. “Lon” McCainDEF 14A2023-08-250001193125-23-221512Section “Director Compensation”. As printed: 256,102. Filing ↗machine: span 284866–284873
7Section 08, Erich BobinskyDEF 14A2023-08-250001193125-23-221512Section “Director Compensation”. As printed: 240,102. Filing ↗machine: span 286779–286786
8Section 08, John C. GoffDEF 14A2023-08-250001193125-23-221512Section “Director Compensation”. As printed: 239,102. Filing ↗machine: span 281988–281995
9Section 08, Bevin BrownDEF 14A2023-08-250001193125-23-221512Section “Director Compensation”. As printed: 239,102. Filing ↗machine: span 287745–287752
10Section 08, Robert G. GwinDEF 14A2023-08-250001193125-23-221512Section “Director Compensation”. As printed: 237,102. Filing ↗machine: span 283902–283909
11Section 08, David C. RockecharlieDEF 14A2023-08-250001193125-23-221512Section “Director Compensation”. As printed: 0. Filing ↗
12Section 08, Brandi KendallDEF 14A2023-08-250001193125-23-221512Section “Director Compensation”. As printed: 0. Filing ↗
13Section 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
14Section 09b board cost (computed)ComputedcomputedCash 535,500 + equity 1,176,714 + all other 25,000 = 1,737,214, summed across the director compensation table rows.machine: formula: Σ = 1,737,214
15Comstock Resources, Inc., Section 10b CEO totalDEF 14A2026-04-220001193125-26-170561CEO total compensation as printed in Comstock Resources, Inc.'s own proxy. As printed: 21,934,257. Filing ↗machine: span 869756–869766
16EQT Corporation, Section 10b CEO totalDEF 14A2026-02-260001104659-26-020027CEO total compensation as printed in EQT Corporation's own proxy. As printed: 16,087,233. Filing ↗machine: r1 · c48 · span 1446364–1446374
17Ovintiv, Inc., Section 10b CEO totalDEF 14A2026-03-250001193125-26-124351CEO total compensation as printed in Ovintiv, Inc.'s own proxy. As printed: 13,693,140. Filing ↗machine: r3 · c31 · span 1274573–1274583
18APA Corporation, Section 10b CEO totalDEF 14A2026-04-090001193125-26-149453CEO total compensation as printed in APA Corporation's own proxy. As printed: 13,202,517. Filing ↗machine: t67 · r2 · c24 · span 1213765–1213775
19Marathon Oil Corporation, Section 10b CEO totalDEF 14A2024-04-100000101778-24-000082CEO total compensation as printed in Marathon Oil Corporation's own proxy. As printed: 12,830,222. Filing ↗machine: t76 · r2 · c23 · span 726272–726282
20Matador Resources Corporation, Section 10b CEO totalDEF 14A2026-04-290001520006-26-000013CEO total compensation as printed in Matador Resources Corporation's own proxy. As printed: 9,775,611. Filing ↗machine: r2 · c6 · span 1657541–1657551
21Chord Energy Corporation, Section 10b CEO totalDEF 14A2026-03-190001486159-26-000010CEO total compensation as printed in Chord Energy Corporation's own proxy. As printed: 8,567,235. Filing ↗machine: span 1305435–1305444
22Range Resources Corporation, Section 10b CEO totalDEF 14A2026-03-310001193125-26-134699CEO total compensation as printed in Range Resources Corporation's own proxy. As printed: 8,375,421. Filing ↗machine: span 2305762–2305771
23Murphy Oil Company, Section 10b CEO totalDEF 14A2026-03-270001193125-26-127236CEO total compensation as printed in Murphy Oil Company's own proxy. As printed: 7,651,445. Filing ↗machine: r6 · c39 · span 786403–786412
24CNX Resources Corporation, Section 10b CEO totalDEF 14A2026-03-260001308179-26-000153CEO total compensation as printed in CNX Resources Corporation's own proxy. As printed: 7,420,318. Filing ↗machine: r1 · c25 · span 718010–718019
25Antero Resources Corporation, Section 10b CEO totalDEF 14A2026-04-230001308179-26-000330CEO total compensation as printed in Antero Resources Corporation's own proxy. As printed: 6,687,656. Filing ↗machine: t260 · r1 · c27 · span 557200–557209
26SM Energy Company, Section 10b CEO totalDEF 14A2026-04-080000893538-26-000048CEO total compensation as printed in SM Energy Company's own proxy. As printed: 4,475,172. Filing ↗machine: span 673171–673180
27PDC Energy, Inc., Section 10b CEO totalDEF 14A2026-04-170001104659-26-044918CEO total compensation as printed in PDC Energy, Inc.'s own proxy. As printed: 3,214,317. Filing ↗machine: r1 · c35 · span 260442–260451
28Crescent Energy (subject), Section 10b CEO totalDEF 14A2023-08-250001193125-23-221512CEO total compensation as printed in Crescent Energy's own proxy. As printed: 0. Filing ↗
29Section 10a, CNX Resources Corporation reciprocityDEF 14A0001308179-26-000153CNX Resources Corporation's most recent proxy was read; its disclosed peer group does not include Crescent Energy. Filing ↗
30Section 10a, SM Energy Company reciprocityDEF 14A0000893538-26-000048SM Energy Company's most recent proxy was read; its disclosed peer group does not include Crescent Energy. Filing ↗
31Section 10a, Matador Resources Corporation reciprocityDEF 14A0001520006-26-000013Matador Resources Corporation's most recent proxy was read; its disclosed peer group does not include Crescent Energy. Filing ↗
32Section 10a, Murphy Oil Company reciprocityDEF 14A0001193125-26-127236Murphy Oil Company's most recent proxy was read; its disclosed peer group does not include Crescent Energy. Filing ↗
33Section 10a, Marathon Oil Corporation reciprocityDEF 14A0000101778-24-000082Marathon Oil Corporation's most recent proxy was read; its disclosed peer group does not include Crescent Energy. Filing ↗
34Section 10a, Ovintiv, Inc. reciprocityDEF 14A0001193125-26-124351Ovintiv, Inc.'s most recent proxy was read; its disclosed peer group does not include Crescent Energy. Filing ↗
35Section 10a, APA Corporation reciprocityDEF 14A0001193125-26-149453APA Corporation's most recent proxy was read; its disclosed peer group does not include Crescent Energy. Filing ↗
36Section 10a, Range Resources Corporation reciprocityDEF 14A0001193125-26-134699Range Resources Corporation's most recent proxy was read; its disclosed peer group does not include Crescent Energy. Filing ↗
37Section 10a, Antero Resources Corporation reciprocityDEF 14A0001308179-26-000330Antero Resources Corporation's most recent proxy was read; its disclosed peer group does not include Crescent Energy. Filing ↗
38Section 10a, EQT Corporation reciprocityDEF 14A0001104659-26-020027EQT Corporation's most recent proxy was read; its disclosed peer group does not include Crescent Energy. Filing ↗
39Section 10a, Comstock Resources, Inc. reciprocityDEF 14A0001193125-26-170561Comstock Resources, Inc.'s most recent proxy was read; its disclosed peer group does not include Crescent Energy. Filing ↗
40Section 10a, Chord Energy Corporation reciprocityDEF 14A0001486159-26-000010Chord Energy Corporation's most recent proxy was read; its disclosed peer group does not include Crescent Energy. Filing ↗