Companies Innovex International, Inc.
Innovex International (DRQ): executive pay, fiscal 2025
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CEO vs. named peers27th pct.Of 13 peer CEOs
CEO pay, last three years
- $2,873,972FY2024
- $3,283,511FY2025
CEO total pay was $3,283,511 in fiscal 2025, up from $2,873,972 in fiscal 2024.
FY2025: salary $550,969 · bonus $0 · stock awards $2,222,492 · option awards $0
Frequently asked questions
Who was the highest-paid executive at Innovex International, Inc. in fiscal 2025?
As disclosed, Adam Anderson (Chief Executive Officer) was the highest-paid executive at Innovex International, Inc. in fiscal 2025, with total compensation of $3,283,511.
How does Innovex International, Inc.'s chief executive pay compare to its disclosed peer group?
As disclosed, Adam Anderson's total compensation ranked at the 27th percentile of Innovex International, Inc.'s disclosed peer group.
What is Innovex International, Inc.'s CEO-to-median employee pay ratio?
As disclosed, Innovex International, Inc.'s CEO-to-median employee pay ratio was 45:1.
How much does Innovex International, Inc. spend in total on board compensation for fiscal 2025?
As disclosed, Innovex International, Inc. reported total board compensation of $2,473,000 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 officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Adam Anderson | $550,969 | $0 | $2,222,492 | $0 | $495,000 | $0 | $15,050 | $3,283,511 |
| Chief Executive Officer | ||||||||
| Mark Reddout | 375,969 | 333,333 | 834,003 | 0 | 202,500 | 0 | 32,078 | 1,777,883 |
| President-North America | ||||||||
| Kendal Reed | 375,969 | 50,000 | 834,003 | 0 | 202,500 | 0 | 10,970 | 1,473,442 |
| Chief Financial 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 |
|---|---|---|---|---|
| Adam Anderson | $3,283,511 | $2,873,972 | — | ↑ +409,539 |
| Mark Reddout | 1,777,883 | 1,621,704 | — | ↑ +156,179 |
| Kendal Reed | 1,473,442 | 1,254,867 | — | ↑ +218,575 |
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 executive compensation program is designed to attract and retain talented executive officers and deliver rewards for superior corporate performance by aligning compensation with Company and individual performance, producing long-term positive results for stockholders, and providing market-competitive compensation.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Meridian Compensation Partners, LLC |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
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 |
|---|---|---|---|---|---|---|---|
| Kendal Reed | PSU | 2025-05-30 | 6,382 | 12,764 | — | 25,528 | $176,143 |
| Mark Reddout | PSU | 2025-05-30 | 6,382 | 12,764 | — | 25,528 | 304,677 |
| Mark Reddout | PSU | 2025-05-30 | 6,382 | 12,764 | — | 25,528 | 176,143 |
| Mark Reddout | RSU | 2025-05-30 | — | — | 25,527 | — | 352,273 |
| Adam Anderson | PSU | 2025-05-30 | 17,019 | 34,037 | — | 68,074 | 812,463 |
| Adam Anderson | PSU | 2025-05-30 | 17,019 | 34,037 | — | 68,074 | 469,711 |
| Adam Anderson | RSU | 2025-05-30 | — | — | 68,073 | — | 939,407 |
| Kendal Reed | PSU | 2025-05-30 | 6,382 | 12,764 | — | 25,528 | 304,677 |
| Kendal Reed | RSU | 2025-05-30 | — | — | 25,527 | — | 352,273 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Kendal Reed | $352,273 | $480,820 | $0 | 57.7% |
| Mark Reddout | 352,273 | 480,820 | 0 | 57.7% |
| Adam Anderson | 939,407 | 1,282,174 | 0 | 57.7% |
% 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 |
|---|---|---|---|---|
| Kendal Reed | RSU | 12,578 | — | $275,081 |
| Mark Reddout | RSU | 12,578 | — | 275,081 |
| Kendal Reed | RSU | 25,527 | — | 558,275 |
| Mark Reddout | RSU | 25,527 | — | 558,275 |
| Adam Anderson | RSU | 33,541 | — | 733,542 |
| Kendal Reed | RSU | 38,641 | — | 845,079 |
| Adam Anderson | RSU | 68,073 | — | 1,488,757 |
| Adam Anderson | RSU | 115,925 | — | 2,535,280 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| John V. LovoiIndependent · Board Chair · Audit · Compensation · Nominating and Governance | $175,000 | $216,000 | — | — | — | $391,000 |
| Benjamin M. FinkIndependent · Audit (Chair) | 95,000 | 216,000 | — | — | — | 311,000 |
| Terence B. JuppIndependent · Compensation (Chair) | 90,000 | 216,000 | — | — | — | 306,000 |
| Carri A. LockhartIndependent · Nominating and Governance | 85,000 | 216,000 | — | — | — | 301,000 |
| Bonnie S. BlackIndependent · Compensation · Nominating and Governance | 75,000 | 216,000 | — | — | — | 291,000 |
| Jason TurowskyIndependent · Compensation | 291,000 | 0 | — | — | — | 291,000 |
| Will DonnellIndependent | 291,000 | 0 | — | — | — | 291,000 |
| Angie SeditaIndependent · Audit · Nominating and Governance | 75,000 | 216,000 | — | — | — | 291,000 |
| Patrick ConnellyNot independent · Departed during FY | 0 | 0 | 0 | — | 0 | — |
Board fee structure and ownership guideline
| Annual cash retainer | $75,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 15,000 / 10,000 |
| Stock ownership guideline | $375,000 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $1,177,000 |
| Equity awards (grant-date value) | $1,296,000 |
| All other compensation | $0 |
| Total cost of the board | $2,473,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Innovex International as a peer
Companies that benchmark against DRQ
8 companies name DRQ as a compensation peer
- Atlas Energy Solutions Inc.AESIFY2025
- Expro LtdXPROFY2024
- FORUM ENERGY TECHNOLOGIES, INC.FETFY2024
Each company listed discloses DRQ 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 DRQ 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.
CLB Core Laboratories N.V.BOOM DMC Global Inc.XPRO Expro Group Holdings N.V.FET Forum Energy Technologies, Inc.WHD Cactus, Inc.HOS Helix Energy Solutions Group, Inc.NR Newpark Resources, Inc.TDW Tidewater, Inc.OII Oceaneering International, Inc.OIS Oil States International, Inc.RES RPC, Inc.TTI TETRA Technologies, Inc.KLXE KLX Energy Services Holdings, Inc.
Peer reciprocity
The companies Innovex International, Inc. 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 | Oceaneering International, Inc. | 2025 | Roderick Larson | $910,000 | $2,027,796 | $0 | $4,282,425 | $7,735,670 |
| 2 | Expro Group Holdings NV | 2024 | Michael Jardon | 1,000,000 | 5,246,072 | 0 | 690,625 | 6,962,497 |
| 3 | Forum Energy Technologies, Inc. | 2025 | Neal Lux | 717,769 | 4,232,105 | 0 | 1,196,463 | 6,163,337 |
| 4 | Tidewater, Inc. | 2025 | Quintin Kneen | 750,000 | 3,892,458 | 0 | 1,078,125 | 5,732,208 |
| 5 | DMC Global Inc. | 2025 | James O’Leary | 654,231 | 3,699,992 | 0 | 1,233,304 | 5,615,614 |
| 6 | Tetra Technologies, Inc. | 2025 | Brady Murphy | 735,000 | 1,325,333 | 0 | 3,061,825 | 5,133,908 |
| 7 | Oil States International, Inc. | 2025 | Cindy Taylor | 925,000 | 2,400,003 | 0 | 1,654,244 | 5,079,386 |
| 8 | Core Laboratories NV | 2025 | Lawrence Bruno | 886,912 | 3,505,105 | 0 | 351,217 | 4,980,491 |
| 9 | Innovex International, Inc. | 2025 | Adam Anderson | 550,969 | 2,222,492 | 0 | 495,000 | 3,283,511 |
| 10 | RPC, Inc. | 2025 | Ben Palmer | 618,000 | 1,388,265 | 0 | 1,155,660 | 3,192,075 |
| 11 | Cactus, Inc. | 2025 | Scott Bender | 450,000 | 1,821,634 | 0 | 222,788 | 2,524,459 |
| 12 | KLX Energy Services Holdings, Inc. | 2025 | Christopher Baker | 638,820 | 761,935 | 0 | 291,110 | 1,715,996 |
| — | Helix Energy Solutions Group, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Newpark Resources, 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.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Innovex International, Inc. | not disclosed | not disclosed | not disclosed | Meridian Compensation Partners, LLC |
| Cactus, Inc. | not disclosed | PSU 50 · RSU 50 | not disclosed | Pearl Meyer & Partners, LLC |
| Core Laboratories NV | not disclosed | PSU 100 | not disclosed | Meridian Compensation Partners |
| DMC Global Inc. | not disclosed | RSU 50 · PSU 50 | not disclosed | Pearl Meyer & Partners, LLC |
| Expro Group Holdings NV | not disclosed | PRSU 60 · RSU 40 | Yes — Total Shareholder Return (TSR) | Meridian Compensation Partners, LLC |
| Forum Energy Technologies, Inc. | not disclosed | PSU 50 · RSU 50 | not disclosed | Meridian Compensation Partners, LLC |
| Helix Energy Solutions Group, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| KLX Energy Services Holdings, Inc. | not disclosed | RSU 100 | not disclosed | F.W. Cook |
| Newpark Resources, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Oceaneering International, Inc. | 124% | not disclosed | Yes — Relative TSR | Meridian Compensation Partners, LLC |
| Oil States International, Inc. | not disclosed | RSU 50 · PRSU 25 · Cash Performance Award 25 | not disclosed | Meridian Compensation Partners |
| RPC, Inc. | 187% | RSU 75 · PSU 25 | No | Mercer, LLC |
| Tetra Technologies, Inc. | not disclosed | RSU 50 · LTIP Units 50 | not disclosed | Pay Governance LLC |
| Tidewater, Inc. | not disclosed | not disclosed | not disclosed | Meridian Compensation Partners, LLC |
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) | 45 : 1 |
|---|---|
| CEO total compensation | $3,283,511 |
| Median employee compensation | $73,050 |
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, Adam Anderson. DEF 14A, filed 2026-03-27. Section “Summary Compensation Table” · page 32. As printed: 3,283,511. View filing ↗
- Section 01, Mark Reddout. DEF 14A, filed 2026-03-27. Section “Summary Compensation Table” · page 32. As printed: 1,777,883. View filing ↗
- Section 01, Kendal Reed. DEF 14A, filed 2026-03-27. Section “Summary Compensation Table” · page 32. As printed: 1,473,442. View filing ↗
- Section 03, Kendal Reed PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Mark Reddout PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Mark Reddout PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Mark Reddout RSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Adam Anderson PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Adam Anderson PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Adam Anderson RSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Kendal Reed PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Kendal Reed RSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-03-27. Section “CEO Pay Ratio”. As printed: 45 : 1. View filing ↗
- Section 08, John V. Lovoi. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 391,000. View filing ↗
- Section 08, Benjamin M. Fink. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 311,000. View filing ↗
- Section 08, Terence B. Jupp. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 306,000. View filing ↗
- Section 08, Carri A. Lockhart. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 301,000. View filing ↗
- Section 08, Bonnie S. Black. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 291,000. View filing ↗
- Section 08, Jason Turowsky. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 291,000. View filing ↗
- Section 08, Will Donnell. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 291,000. View filing ↗
- Section 08, Angie Sedita. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 291,000. View filing ↗
- Section 08, Patrick Connelly. DEF 14A, filed 2026-03-27. 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 1,177,000 + equity 1,296,000 + all other 0 = 2,473,000, summed across the director compensation table rows.
- Oceaneering International, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Oceaneering International, Inc.'s own proxy. As printed: 7,735,670. View filing ↗
- Expro Group Holdings NV, Section 10b CEO total. DEF 14A, filed 2025-04-11. CEO total compensation as printed in Expro Group Holdings NV's own proxy. As printed: 6,962,497. View filing ↗
- Forum Energy Technologies, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Forum Energy Technologies, Inc.'s own proxy. As printed: 6,163,337. View filing ↗
- Tidewater, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in Tidewater, Inc.'s own proxy. As printed: 5,732,208. View filing ↗
- DMC Global Inc., Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in DMC Global Inc.'s own proxy. As printed: 5,615,614. View filing ↗
- Tetra Technologies, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in Tetra Technologies, Inc.'s own proxy. As printed: 5,133,908. View filing ↗
- Oil States International, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Oil States International, Inc.'s own proxy. As printed: 5,079,386. View filing ↗
- Core Laboratories NV, Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Core Laboratories NV's own proxy. As printed: 4,980,491. View filing ↗
- Innovex International, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Innovex International, Inc.'s own proxy. As printed: 3,283,511. View filing ↗
- RPC, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-18. CEO total compensation as printed in RPC, Inc.'s own proxy. As printed: 3,192,075. View filing ↗
- Cactus, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Cactus, Inc.'s own proxy. As printed: 2,524,459. View filing ↗
- KLX Energy Services Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in KLX Energy Services Holdings, Inc.'s own proxy. As printed: 1,715,996. View filing ↗
- Section 10a, DMC Global Inc. reciprocity. DEF 14A. DMC Global Inc. names Innovex International, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Expro Group Holdings N.V. reciprocity. DEF 14A. Expro Group Holdings N.V. names Innovex International, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Forum Energy Technologies, Inc. reciprocity. DEF 14A. Forum Energy Technologies, Inc. names Innovex International, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗