Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2026-05-22

Granite Ridge Resources (GRNT)

Fiscal year 2024 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.

$1,461,306
Luke Brandenberg total, FY2024
CEO pay percentile vs peers
CEO-to-median pay ratio
94.04%
Say-on-pay support, latest vote
Companies that benchmark against GRNT
1 company names GRNT as a compensation peer

Each company listed discloses GRNT 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 GRNT 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 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Luke Brandenberg$500,000$366,055$481,438$107,813$0$0$6,000$1,461,306
President and Chief Executive Officer
Tyler Farquharson450,000263,560346,64677,625006,0001,143,831
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 officerFY2024 totalFY2023 totalFY2022 totalΔ FY20232024
Luke Brandenberg$1,461,306
Tyler Farquharson1,143,831

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 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Luke BrandenbergRSU109,082$704,670
Tyler FarquharsonRSU85,980555,431
Luke BrandenbergOption12,0185.02
Tyler FarquharsonOption12,0185.02
Luke BrandenbergRSU29,485190,473
Tyler FarquharsonRSU23,709153,160
Luke BrandenbergOption53,3349.22
Luke BrandenbergOption52,0846.06
Tyler FarquharsonOption53,3349.22
Tyler FarquharsonOption37,5006.06
Luke BrandenbergOption78,1256.06
Tyler FarquharsonOption56,2506.06
05

Incentive-plan design — the Compensation Discussion & Analysis

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.

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
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
1Granite Ridge Resources2024Luke Brandenberg$500,000$481,438$107,813$0$1,461,306

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.

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, Luke BrandenbergDEF 14A2025-04-080001928446-25-000017Section “Summary Compensation Table” · page 23. As printed: 1,461,306. Filing ↗machine: span 290882–290892
2Section 01, Tyler FarquharsonDEF 14A2025-04-080001928446-25-000017Section “Summary Compensation Table” · page 23. As printed: 1,143,831. Filing ↗machine: span 298560–298570
3Section 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 ↗
4Granite Ridge Resources (subject), Section 10b CEO totalDEF 14A2025-04-080001928446-25-000017CEO total compensation as printed in Granite Ridge Resources's own proxy. As printed: 1,461,306. Filing ↗machine: span 290882–290892