Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-22

Granite Ridge Resources (GRNT)

CEO Luke Brandenberg was paid $2,500,956 in fiscal year 2025, ↑ up 71.1% from fiscal year 2024, the 14th percentile of its disclosed peer group (SEC filing 0001928446-26-000011 ↗): 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.

$4,956,370
Tyler Farquharson total, FY2025
President and Chief Executive Officer — highest-paid officer; CEO Luke Brandenberg: $2,500,956
14th
CEO (Luke Brandenberg) pay percentile vs peers
—
CEO-to-median pay ratio
94.04%
Say-on-pay support, latest vote

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GRNT's next annual pay disclosure, estimated April 8, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Tyler Farquharson$477,500$377,285$4,039,739$55,846$0$0$6,000$4,956,370
President and Chief Executive Officer
Luke Brandenberg229,1670456,11477,565001,738,1102,500,956
President and Chief Executive Officer
Kimberly Weimer295,833105,0001,032,8350006,0001,439,668
Interim Chief Financial Officer, Chief Accounting 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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Tyler Farquharson$4,956,370$1,143,831$1,031,779↑ +3,812,539
Luke Brandenberg2,500,9561,461,3061,223,534↑ +1,039,650
Kimberly Weimer1,439,668———

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against GRNT
7 companies name GRNT as a compensation peer

The list of companies that name GRNT as a peer is temporarily unavailable — recheck shortly.

01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Amanda N. CoussensIndependent Director$165,000
Griffin PerryDirector$150,000
John McCartneyLead Independent Director$150,000
Kirk LazarineDirector$150,000
Matthew MillerDirector$150,000
Michele J. EverardIndependent Director$150,000
Thaddeus DardenDirector$150,000
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 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Luke BrandenbergRSU2025-03-05——22,282—$125,002
Tyler FarquharsonPSU2025-03-0516,04232,086—64,172307,705
Tyler FarquharsonRSU2025-03-05——16,043—90,001
Luke BrandenbergPSU2025-03-0522,28246,564—89,126427,369
Tyler FarquharsonPSU2025-06-12————2,687,285
Tyler FarquharsonRSU2025-06-12——171,821—1,024,053
Luke BrandenbergOPTION2025-03-05——64,103—77,565
Kimberly WeimerRSU2025-06-12——42,955—256,012
Tyler FarquharsonOPTION2025-03-05——46,154—55,846
Kimberly WeimerRSU2025-03-05——18,717—105,002
Kimberly WeimerPSU2025-06-12————671,821
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Luke Brandenberg$125,002$427,369$77,56567.8%
Tyler Farquharson1,114,0542,994,99055,84671.9%
Kimberly Weimer361,014671,821065.0%

% 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 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Luke BrandenbergRSU13,178—$62,859
Tyler FarquharsonRSU202,193—950,307
Kimberly WeimerRSU70,748—332,516
Tyler FarquharsonOption18,7506.06—
Tyler FarquharsonOption30,7695.61—
05

Incentive-plan design — the Compensation Discussion & Analysis

The executive compensation program is designed to attract, retain, and motivate highly qualified executives and align their individual interests with the interests of stockholders. Total compensation is generally comprised of approximately 40% equity-based awards, 20% annual cash bonus awards, and 40% base salary, with a focus on competitive market positioning and driving performance in support of business strategies.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantDana Krieg
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-2297,890,3116,200,5713,252,85694.04%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
20262026-05-2294.04%a

a. Voting standard not stated in the filing.

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.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Amanda N. CoussensIndependent · Audit (Chair) · Compensation · Conflicts · ESG$90,000$75,000———$165,000
Kirk LazarineNot independent75,00075,000———150,000
Michele J. EverardIndependent · Audit · Conflicts (Chair)75,00075,000———150,000
Matthew MillerIndependent · Compensation75,00075,000———150,000
Thaddeus DardenIndependent · Compensation (Chair) · ESG75,00075,000———150,000
Griffin PerryNot independent · ESG (Chair)75,00075,000———150,000
John McCartneyIndependent · Lead Independent Director · Audit · Compensation · Conflicts75,00075,000———150,000
09

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer$75,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)15,000
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$540,000
Equity awards (grant-date value)$525,000
All other compensation$0
Total cost of the board$1,065,000

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 Granite Ridge Resources 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 Granite Ridge Resources.

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
1Riley Exploration Permian Inc.2025Bobby Riley$675,000$3,914,725$0$742,000$5,782,259
2Northern Oil & Gas Inc.2025Nicholas O'Grady925,0002,815,68301,638,5645,602,413
3Diversified Energy Co PLC2025Robert Hutson806,9232,795,23401,359,0564,996,277
4Black Stone Minerals LP2025Thomas Carter485,0343,767,2490517,8954,787,678
5Vitesse Energy Inc.2025Robert Gerrity570,0001,780,3170864,0003,214,317
6Ring Energy Inc.2025Paul McKinney626,6671,473,3060753,9842,884,957
7Granite Ridge Resources2025Luke Brandenberg229,167456,11477,56502,500,956
8Evolution Petroleum Corp.2025Kelly Loyd375,000534,672—356,2501,315,704
9Crescent Energy Co2022David Rockecharlie00——0
—Sitio Royalties Corp.——————not in coverage universe
—Vital Energy Inc.——————not in coverage universe
—SandRidge Energy 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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Granite Ridge Resourcesnot disclosednot disclosednot disclosedDana Krieg
Black Stone Minerals LPnot disclosedPSU 50 · RSU 50NoFW Cook
Crescent Energy Conot disclosedRSU 100not disclosedMeridian Compensation Partners
Diversified Energy Co PLCnot disclosedRSU 70 · PSU 30not disclosedMercer Limited
Evolution Petroleum Corp.not disclosedPerformance-based restricted common stock 66.7 · Time-vested restricted common stock 33.3Yes — Relative Total Shareholder Return (TSR)not disclosed
Northern Oil & Gas Inc.136.5%MSU 88 · RSU 12Yes — 3-Year Absolute TSRWillis Towers Watson
Riley Exploration Permian Inc.not disclosedRSU 70 · PRSU 30not disclosedMeridian Compensation Partners, LLC
Ring Energy Inc.not disclosedPSU 60 · RSU 40not disclosedMeridian Compensation Partners, LLC
SandRidge Energy Inc.not disclosednot disclosednot disclosednot disclosed
Sitio Royalties Corp.not disclosednot disclosednot disclosednot disclosed
Vital Energy Inc.not disclosednot disclosednot disclosednot disclosed
Vitesse Energy Inc.not disclosedPSU 60 · RSU 40not 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.

10d

Frequently asked questions

Who was the highest-paid executive at Granite Ridge Resources in fiscal 2025?
As disclosed, Tyler Farquharson (President and Chief Executive Officer) was the highest-paid executive at Granite Ridge Resources in fiscal 2025, with total compensation of $4,956,370.
How does Granite Ridge Resources's chief executive pay compare to its disclosed peer group?
As disclosed, Luke Brandenberg's total compensation ranked at the 14th percentile of Granite Ridge Resources's disclosed peer group.
How did shareholders vote on Granite Ridge Resources's executive compensation?
As disclosed, 94.04% of shareholders supported Granite Ridge Resources's executive compensation in the latest say-on-pay vote.
How much does Granite Ridge Resources spend in total on board compensation for fiscal 2025?
As disclosed, Granite Ridge Resources reported total board compensation of $1,065,000 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.

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, Tyler FarquharsonDEF 14A2026-04-080001928446-26-000011Section “2025 Summary Compensation Table” · page 31. As printed: 4,956,370. Filing ↗machine: r2 · c48 · span 452405–452415
2Section 01, Luke BrandenbergDEF 14A2026-04-080001928446-26-000011Section “2025 Summary Compensation Table” · page 31. As printed: 2,500,956. Filing ↗machine: r5 · c48 · span 462528–462538
3Section 01, Kimberly WeimerDEF 14A2026-04-080001928446-26-000011Section “2025 Summary Compensation Table” · page 31. As printed: 1,439,668. Filing ↗machine: r8 · c48 · span 472368–472378
4Section 03, Luke Brandenberg RSUDEF 14A2026-04-080001928446-26-000011Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 520879–520886
5Section 03, Tyler Farquharson PSUDEF 14A2026-04-080001928446-26-000011Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 508167–508174
6Section 03, Tyler Farquharson RSUDEF 14A2026-04-080001928446-26-000011Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 501103–501109
7Section 03, Luke Brandenberg PSUDEF 14A2026-04-080001928446-26-000011Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 524259–524266
8Section 03, Tyler Farquharson PSUDEF 14A2026-04-080001928446-26-000011Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 511768–511777
9Section 03, Tyler Farquharson RSUDEF 14A2026-04-080001928446-26-000011Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 504678–504687
10Section 03, Luke Brandenberg OPTIONDEF 14A2026-04-080001928446-26-000011Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗
11Section 03, Kimberly Weimer RSUDEF 14A2026-04-080001928446-26-000011Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 536942–536949
12Section 03, Tyler Farquharson OPTIONDEF 14A2026-04-080001928446-26-000011Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗
13Section 03, Kimberly Weimer RSUDEF 14A2026-04-080001928446-26-000011Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 533367–533374
14Section 03, Kimberly Weimer PSUDEF 14A2026-04-080001928446-26-000011Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 540539–540546
15Section 08, Amanda N. CoussensDEF 14A2026-04-080001928446-26-000011Section “Director Compensation”. As printed: 165,000. Filing ↗machine: span 323206–323540
16Section 08, Kirk LazarineDEF 14A2026-04-080001928446-26-000011Section “Director Compensation”. As printed: 150,000. Filing ↗machine: span 327667–327970
17Section 08, Michele J. EverardDEF 14A2026-04-080001928446-26-000011Section “Director Compensation”. As printed: 150,000. Filing ↗machine: span 326203–326506
18Section 08, Matthew MillerDEF 14A2026-04-080001928446-26-000011Section “Director Compensation”. As printed: 150,000. Filing ↗machine: span 330893–331196
19Section 08, Thaddeus DardenDEF 14A2026-04-080001928446-26-000011Section “Director Compensation”. As printed: 150,000. Filing ↗machine: span 324734–325037
20Section 08, Griffin PerryDEF 14A2026-04-080001928446-26-000011Section “Director Compensation”. As printed: 150,000. Filing ↗machine: span 332357–332660
21Section 08, John McCartneyDEF 14A2026-04-080001928446-26-000011Section “Director Compensation”. As printed: 150,000. Filing ↗machine: span 329132–329435
22Section 06, 2026 voteForm 8-K2026-05-220001928446-26-000019Item 5.07 · say-on-pay result. As reported: 94.04% (votes for as printed: 97,890,311). Filing ↗
23Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
24Section 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).machine: formula: sums + PSU ratio
25Section 09b board cost (computed)Computed——Cash 540,000 + equity 525,000 + all other 0 = 1,065,000, summed across the director compensation table rows.machine: formula: Σ = 1,065,000
26Riley Exploration Permian Inc., Section 10b CEO totalDEF 14A2026-04-100001140361-26-014090CEO total compensation as printed in Riley Exploration Permian Inc.'s own proxy. As printed: 5,782,259. Filing ↗machine: span 508818–508827
27Northern Oil & Gas Inc., Section 10b CEO totalDEF 14A2026-04-100001104485-26-000013CEO total compensation as printed in Northern Oil & Gas Inc.'s own proxy. As printed: 5,602,413. Filing ↗machine: t117 · r4 · c12 · span 550610–550619
28Diversified Energy Co PLC, Section 10b CEO totalDEF 14A2026-03-240001140361-26-010918CEO total compensation as printed in Diversified Energy Co PLC's own proxy. As printed: 4,996,277. Filing ↗machine: r1 · c7 · span 588495–588504
29Black Stone Minerals LP, Section 10b CEO totalDEF 14A2026-04-300001193125-26-197340CEO total compensation as printed in Black Stone Minerals LP's own proxy. As printed: 4,787,678. Filing ↗
30Vitesse Energy Inc., Section 10b CEO totalDEF 14A2026-04-170001104659-26-044918CEO total compensation as printed in Vitesse Energy Inc.'s own proxy. As printed: 3,214,317. Filing ↗machine: r1 · c35 · span 260442–260451
31Ring Energy Inc., Section 10b CEO totalDEF 14A2026-04-100001384195-26-000068CEO total compensation as printed in Ring Energy Inc.'s own proxy. As printed: 2,884,957. Filing ↗machine: span 545523–545532
32Granite Ridge Resources (subject), Section 10b CEO totalDEF 14A2026-04-080001928446-26-000011CEO total compensation as printed in Granite Ridge Resources's own proxy. As printed: 2,500,956. Filing ↗machine: r5 · c48 · span 462528–462538
33Evolution Petroleum Corp., Section 10b CEO totalDEF 14A2025-10-230001104659-25-101832CEO total compensation as printed in Evolution Petroleum Corp.'s own proxy. As printed: 1,315,704. Filing ↗
34Crescent Energy Co, Section 10b CEO totalDEF 14A2023-08-250001193125-23-221512CEO total compensation as printed in Crescent Energy Co's own proxy. As printed: 0. Filing ↗
35Section 10a, Black Stone Minerals LP reciprocityDEF 14A—0001193125-26-197340Black Stone Minerals LP's most recent proxy was read; its disclosed peer group does not include Granite Ridge Resources. Filing ↗
36Section 10a, Riley Exploration Permian Inc. reciprocityDEF 14A—0001140361-26-014090Riley Exploration Permian Inc. names Granite Ridge Resources in its own disclosed peer group (read from its most recent proxy). Filing ↗
37Section 10a, Evolution Petroleum Corp. reciprocityDEF 14A—0001104659-25-101832Evolution Petroleum Corp.'s most recent proxy was read; its disclosed peer group does not include Granite Ridge Resources. Filing ↗
38Section 10a, Northern Oil & Gas Inc. reciprocityDEF 14A—0001104485-26-000013Northern Oil & Gas Inc. names Granite Ridge Resources in its own disclosed peer group (read from its most recent proxy). Filing ↗
39Section 10a, Ring Energy Inc. reciprocityDEF 14A—0001384195-26-000068Ring Energy Inc. names Granite Ridge Resources in its own disclosed peer group (read from its most recent proxy). Filing ↗
40Section 10a, Crescent Energy Co reciprocityDEF 14A—0001193125-23-221512Crescent Energy Co's most recent proxy was read; its disclosed peer group does not include Granite Ridge Resources. Filing ↗
41Section 10a, Diversified Energy Co PLC reciprocityDEF 14A—0001140361-26-010918Diversified Energy Co PLC names Granite Ridge Resources in its own disclosed peer group (read from its most recent proxy). Filing ↗

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