Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-04

Expand Energy (EXE)

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.

$9,879,106
Domenic Dell'Osso total, FY2025
20th
CEO pay percentile vs peers
62:1
CEO-to-median pay ratio
97.15%
Say-on-pay support, latest vote
Companies that benchmark against EXE
12 companies name EXE as a compensation peer

Each company listed discloses EXE 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 EXE 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
Domenic Dell'Osso$947,346$8,890,444$41,316$9,879,106
Former President and Chief Executive Officer
Mohit Singh393,4883,036,6192,432,2825,862,389
Former Executive Vice President and Chief Financial Officer
Daniel Turco413,783875,0003,232,442772,500400,0495,693,774
Executive Vice President, Marketing and Commercial
Joshua Viets599,0043,854,1501,050,00041,5165,544,670
Executive Vice President and Chief Operating Officer
Chris Lacy480,6822,219,086650,000316,3783,666,146
Executive Vice President, General Counsel and Corporate Secretary
Brittany Raiford320,00054,000663,440331,06338,1921,406,695
Vice President, Interim Chief Financial Officer and Treasurer

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
Domenic Dell'Osso$9,879,106
Mohit Singh5,862,3894,189,8443,336,049+1,672,545
Daniel Turco5,693,774
Joshua Viets5,544,6704,608,7113,493,808+935,959
Chris Lacy3,666,1462,438,110+1,228,036
Brittany Raiford1,406,695

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.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Daniel TurcoPSU651,455$13,772
Brittany RaifordOption31110.36
Brittany RaifordPSU462,629
Brittany RaifordRSU2,025
Brittany RaifordPSU2,02531
05

Incentive-plan design — the Compensation Discussion & Analysis

Expand Energy's compensation program is designed to align our management team's incentives with the interests of our shareholders and to reinforce the Company's core values and long-term, returns-driven strategy. By linking NEO compensation to rigorous financial and operational metrics, and strategic outcomes that are both differentiated and durable, our program enables us to attract and retain world-class talent while driving performance and accountability.

CEO STI target (% of salary)125%
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
20262026-06-04178,548,1945,243,424204,26897.15%Passed
20252025-06-05188,140,0985,868,346124,30396.98%Passed
20242024-06-06106,404,2982,388,292183,80997.8%Passed
20232023-06-08113,764,894889,603411,13299.22%Passed
20222022-06-09101,508,570704,5373,099,25099.31%Passed
20192019-05-17652,151,042345,726,4316,144,11265.35%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
20262026-06-0497.15%a
20252025-06-0596.98%b
20242024-06-0697.8%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not counted as votes either FOR or AGAINST the director.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not counted as votes either FOR or AGAINST the director.”.

c. Approved under the standard stated in the filing — “Abstentions and Broker Non-Votes: For Proposal 4, abstentions will not be counted as a vote for or against and no broker non-votes are expected.”.

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)62 : 1
CEO total compensation$9,879,106
Median employee compensation$158,503
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Michael A. WichterichEmployee director · Audit · Compensation · Nominating and Corporate Governance · Newly elected$80,000$364,854$0$444,854
Brian SteckIndependent · Compensation (Chair) · CEO Search (Chair) · Environmental and Social Governance · Marketing and Commercial (Chair) · Audit · Nominating and Corporate Governance86,786245,0080331,794
Catherine A. KehrIndependent · Audit (Chair) · CEO Search · Marketing and Commercial · Newly elected113,750208,4880322,238
Sarah A. EmersonIndependent · Environmental and Social Governance (Chair) · Audit · Nominating and Corporate Governance105,000208,4880313,488
Matthew M. GallagherIndependent · Lead Independent Director · Audit · Nominating and Corporate Governance (Chair) · Compensation · Environmental and Social Governance105,000208,4880313,488
Shameek KonarIndependent · Marketing and Commercial (Chair) · Environmental and Social Governance105,000208,4880313,488
Benjamin C. Duster IVIndependent · Audit · Compensation · Nominating and Corporate Governance · Environmental and Social Governance96,250208,4880304,738
Timothy S. DuncanIndependent · Compensation · Environmental and Social Governance · Nominating and Corporate Governance76,607224,0900300,697
John D. GassIndependent · Audit · Compensation · Environmental and Social Governance · Nominating and Corporate Governance90,000208,4880298,488
S.P. “Chip” Johnson IVIndependent · CEO Search · Compensation · Nominating and Corporate Governance · Environmental and Social Governance · Newly elected90,000208,4880298,488
Domenic J. Dell'Osso JrNot independent0000
09

Board fee structure and ownership guideline

Annual cash retainer$80,000
Annual equity retainer$200,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 15,000
Stock ownership guideline5x annual cash retainer
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$948,393
Equity awards (grant-date value)$2,293,368
All other compensation$0
Total cost of the board$3,241,761

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.

10a

Peer reciprocity

Of the companies Expand 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 Expand 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
1EOG Resources, Inc.2025Ezra Yacob$1,434,615$12,729,628$0$2,718,800$17,576,636
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
7Marathon Oil Corporation2023Lee Tillman1,200,0008,668,14401,980,00012,830,222
8Devon Energy Corporation2025Clay Gaspar938,1259,633,68901,612,00012,566,384
9Expand Energy2025Domenic Dell'Osso947,3468,890,4449,879,106
10Civitas Resources, Inc.2024M. Christopher Doyle1,431,1506,933,919008,385,769
11Range Resources Corporation2025Dennis Degner932,5006,143,87701,128,0008,375,421
Murphy Oil Corporationnot in coverage universe
Chord Energy Corporationnot 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
Expand Energy150%PSU 70 · RSU 30Yes — Absolute Total Shareholder Return (aTSR)Meridian Compensation Partners, LLC
APA Corporation189.8%PSU 60 · Options 20 · RSU 20Yes — Relative TSRPearl Meyer & Partners, LLC
Chord Energy Corporationnot disclosednot disclosednot disclosednot disclosed
Civitas Resources, Inc.not disclosedPSU 70 · RSU 30Yes — Absolute TSRMeridian Compensation Partners, LLC
Coterra Energy Inc.174%PSU 50 · RSU 50Yes — Relative TSRZayla 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
EOG Resources, Inc.125%PSU 60 · RSU 40Yes — Relative TSR vs Performance Peer GroupMeridian Compensation Partners, LLC
EQT Corporation169%PSU 60 · RSU 40NoMeridian Compensation Partners, LLC
Marathon Oil Corporation110%PSU 60 · RSU 40NoMeridian Compensation Partners LLC
Murphy Oil Corporationnot disclosednot disclosednot disclosednot disclosed
Ovintiv Inc.140%RSU 50 · PSU 50Yes — Relative TSRFW Cook
Range Resources Corporation101%PSU 60 · RSU 40Yes — Total Stockholder Return (TSR)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.

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, Domenic Dell'OssoDEF 14A2026-04-240001104659-26-048155Section “Executive Compensation”. As printed: 9,879,106. Filing ↗
2Section 01, Mohit SinghDEF 14A2026-04-240001104659-26-048155Section “Executive Compensation”. As printed: 5,862,389. Filing ↗
3Section 01, Daniel TurcoDEF 14A2026-04-240001104659-26-048155Section “Executive Compensation”. As printed: 5,693,774. Filing ↗
4Section 01, Joshua VietsDEF 14A2026-04-240001104659-26-048155Section “Executive Compensation”. As printed: 5,544,670. Filing ↗
5Section 01, Chris LacyDEF 14A2026-04-240001104659-26-048155Section “Executive Compensation”. As printed: 3,666,146. Filing ↗
6Section 01, Brittany RaifordDEF 14A2026-04-240001104659-26-048155Section “Executive Compensation”. As printed: 1,406,695. Filing ↗
7Section 07, pay ratioDEF 14A2026-04-240001104659-26-048155Section “CEO Pay Ratio”. As printed: 62 : 1. Filing ↗machine: span 273649–273658
8Section 08, Michael A. WichterichDEF 14A2026-04-240001104659-26-048155Section “Director Compensation”. As printed: 444,854. Filing ↗
9Section 08, Brian SteckDEF 14A2026-04-240001104659-26-048155Section “Director Compensation”. As printed: 331,794. Filing ↗
10Section 08, Catherine A. KehrDEF 14A2026-04-240001104659-26-048155Section “Director Compensation”. As printed: 322,238. Filing ↗
11Section 08, Sarah A. EmersonDEF 14A2026-04-240001104659-26-048155Section “Director Compensation”. As printed: 313,488. Filing ↗
12Section 08, Matthew M. GallagherDEF 14A2026-04-240001104659-26-048155Section “Director Compensation”. As printed: 313,488. Filing ↗
13Section 08, Shameek KonarDEF 14A2026-04-240001104659-26-048155Section “Director Compensation”. As printed: 313,488. Filing ↗
14Section 08, Benjamin C. Duster IVDEF 14A2026-04-240001104659-26-048155Section “Director Compensation”. As printed: 304,738. Filing ↗
15Section 08, Timothy S. DuncanDEF 14A2026-04-240001104659-26-048155Section “Director Compensation”. As printed: 300,697. Filing ↗
16Section 08, John D. GassDEF 14A2026-04-240001104659-26-048155Section “Director Compensation”. As printed: 298,488. Filing ↗
17Section 08, S.P. “Chip” Johnson IVDEF 14A2026-04-240001104659-26-048155Section “Director Compensation”. As printed: 298,488. Filing ↗
18Section 08, Domenic J. Dell'Osso JrDEF 14A2026-04-240001104659-26-048155Section “Director Compensation”. As printed: 0. Filing ↗
19Section 06, 2026 voteForm 8-K2026-06-040000895126-26-000032Item 5.07 · say-on-pay result. As reported: 97.15% (votes for as printed: 178,548,194). Filing ↗
20Section 06, 2025 voteForm 8-K2025-06-050000895126-25-000056Item 5.07 · say-on-pay result. As reported: 96.98% (votes for as printed: 188,140,098). Filing ↗
21Section 06, 2024 voteForm 8-K2024-06-060001104659-24-069081Item 5.07 · say-on-pay result. As reported: 97.8% (votes for as printed: 106,404,298). Filing ↗
22Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
23Section 09b board cost (computed)ComputedcomputedCash 948,393 + equity 2,293,368 + all other 0 = 3,241,761, summed across the director compensation table rows.machine: formula: Σ = 3,241,761
24EOG Resources, Inc., Section 10b CEO totalDEF 14A2026-03-270001104659-26-036125CEO total compensation as printed in EOG Resources, Inc.'s own proxy. As printed: 17,576,636. Filing ↗machine: t153 · r6 · c17 · span 1140550–1140560
25EQT 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
26Diamondback Energy, Inc., Section 10b CEO totalDEF 14A2026-04-090001308179-26-000242CEO total compensation as printed in Diamondback Energy, Inc.'s own proxy. As printed: 14,931,423. Filing ↗machine: t243 · span 824819–824829
27Coterra Energy Inc., Section 10b CEO totalDEF 14A2025-03-200001104659-25-026126CEO total compensation as printed in Coterra Energy Inc.'s own proxy. As printed: 14,748,960. Filing ↗machine: t61 · r1 · c63 · span 936374–936384
28Ovintiv 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
29APA 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
30Marathon 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
31Devon Energy Corporation, Section 10b CEO totalDEF 14A2026-05-280001104659-26-067065CEO total compensation as printed in Devon Energy Corporation's own proxy. As printed: 12,566,384. Filing ↗machine: r1 · c22 · span 1488697–1488707
32Expand Energy (subject), Section 10b CEO totalDEF 14A2026-04-240001104659-26-048155CEO total compensation as printed in Expand Energy's own proxy. As printed: 9,879,106. Filing ↗
33Civitas Resources, Inc., Section 10b CEO totalDEF 14A2025-04-210001558370-25-005077CEO total compensation as printed in Civitas Resources, Inc.'s own proxy. As printed: 8,385,769. Filing ↗machine: t156 · r5 · c14 · span 1210375–1210384
34Range 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
35Section 10a, Civitas Resources, Inc. reciprocityDEF 14A0001558370-25-005077Civitas Resources, Inc.'s most recent proxy was read; its disclosed peer group does not include Expand Energy. Filing ↗
36Section 10a, Range Resources Corporation reciprocityDEF 14A0001193125-26-134699Range Resources Corporation names Expand Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗
37Section 10a, APA Corporation reciprocityDEF 14A0001193125-26-149453APA Corporation names Expand Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗
38Section 10a, Devon Energy Corporation reciprocityDEF 14A0001104659-26-067065Devon Energy Corporation names Expand Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗
39Section 10a, Coterra Energy Inc. reciprocityDEF 14A0001104659-25-026126Coterra Energy Inc. names Expand Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗
40Section 10a, EOG Resources, Inc. reciprocityDEF 14A0001104659-26-036125EOG Resources, Inc. names Expand Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗
41Section 10a, Diamondback Energy, Inc. reciprocityDEF 14A0001308179-26-000242Diamondback Energy, Inc. names Expand Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗
42Section 10a, EQT Corporation reciprocityDEF 14A0001104659-26-020027EQT Corporation names Expand Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗
43Section 10a, Marathon Oil Corporation reciprocityDEF 14A0000101778-24-000082Marathon Oil Corporation's most recent proxy was read; its disclosed peer group does not include Expand Energy. Filing ↗
44Section 10a, Ovintiv Inc. reciprocityDEF 14A0001193125-26-124351Ovintiv Inc. names Expand Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗