Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-02

HighPeak Energy (HPK)

CEO Michael Hollis was paid $2,823,992 in fiscal year 2025, ↑ up 22.8% from fiscal year 2024, the 10th percentile of its disclosed peer group (SEC filing 0001437749-26-014193 ↗): 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.

$2,823,992 ↑
Michael Hollis total, FY2025
10th
CEO pay percentile vs peers
—
CEO-to-median pay ratio
94.4%
Say-on-pay support, latest vote

Ask our research desk, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Michael Hollis (President and Chief Executive Officer), FY2025 total compensation $2,823,992 (base salary $1,200,000) [exec_comp, SEC accession 0001437749-26-014193, filed 2026-04-30]

HPK's next annual pay disclosure, estimated April 30, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Michael Hollis$1,200,000$1,250,000$0$0$0$0$373,992$2,823,992
President and Chief Executive Officer
W. Ryan Hightower500,000400,0000000229,6241,129,624
Executive Vice President
Daniel Silver500,000400,0000000228,4241,128,424
Executive Vice President
Rodney Woodard545,000215,0000000146,960906,960
Chief Operating Officer
Steven Tholen515,000300,000000068,400883,400
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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Michael Hollis$2,823,992$2,298,992$4,131,987↑ +525,000
W. Ryan Hightower1,129,624———
Daniel Silver1,128,424———
Rodney Woodard906,960886,7601,305,900↑ +20,200
Steven Tholen883,400———

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 HPK
6 companies name HPK as a compensation peer

Each company listed discloses HPK 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 HPK in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

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
Jack HightowerFormer director (through FY2025)—
Jason A. EdgeworthChair of the Board$150,008
Jay M. ChernoskyIndependent Director$150,008
Keith A. CovingtonIndependent Director$150,008
Larry C. OldhamIndependent Director$157,505
Sharon F. FulghamIndependent Director$150,001
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
Rodney WoodardRSA2026-01-09——50,000——
Jack HightowerRSA2026-01-09——50,000——
Michael HollisRSA2026-01-09——550,000——
Daniel SilverRSA2026-01-09——50,000——
Steven TholenRSA2026-01-09——50,000——
03b

Vehicle mix — grant-date fair value by award type

Grant-level vehicle detail not disclosed.

% 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
Daniel SilverOption70,00010.5—
Michael HollisOption400,00010.5—
Rodney WoodardOption95,00010.5—
Steven TholenOption70,00010.5—
HightowerOption70,00010.5—
HightowerOption1,000,00010.3—
05

Incentive-plan design — the Compensation Discussion & Analysis

The Compensation Committee aims to balance short- and long-term and fixed and variable components of compensation to attract, motivate, and retain highly talented executives while keeping them focused on promoting strategic objectives and maximizing asset value. The objective is to incentivize executives to create long-term value for stockholders by making a portion of total direct compensation variable and dependent on company performance.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantPearl Meyer & Partners, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-0282,986,9474,884,64640,09194.4%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
20262026-06-0294.4%a

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have the effect of a vote against the say-on-pay proposal.”.

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
Larry C. OldhamIndependent · Audit (Chair)$25,000$132,505——$0$157,505
Jason A. EdgeworthIndependent · Board Chair · Compensation · Nominating & Governance (Chair)0150,008——0150,008
Keith A. CovingtonIndependent · Audit · Compensation (Chair) · ESG · Nominating & Governance0150,008——0150,008
Jay M. ChernoskyIndependent · Audit · Compensation · Nominating & Governance0150,008——0150,008
Sharon F. FulghamIndependent · Compensation · ESG (Chair) · Nominating & Governance25,000125,001——0150,001
Jack HightowerEmployee director · Departed during FY—————0
Michael L. HollisEmployee director · ESG—————0
Daniel SilverEmployee director · ESG · Newly elected—————0
09

Board fee structure and ownership guideline

Annual cash retainer$0
Annual equity retainer$150,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)7,500
Stock ownership guideline$750,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$50,000
Equity awards (grant-date value)$707,530
All other compensation$0
Total cost of the board$757,530

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 HighPeak 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 HighPeak 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 Resources2025M. Jay Allison$1,039,500$16,549,171$0$2,013,512$21,934,257
2Matador Resources Company2025Joseph Foran1,800,0004,222,40003,726,0009,775,611
3Civitas Resources, Inc.2024M. Christopher Doyle1,431,1506,933,919008,385,769
4Gulfport Energy Corporation2025John Reinhart919,7265,277,43701,098,9007,323,707
5Magnolia Oil & Gas Corporation2025Christopher Stavros870,1924,314,30901,480,5006,693,001
6BKV Corporation2025Christopher Kalnin795,3863,411,01401,676,4015,903,801
7Riley Exploration Permian, Inc.2025Bobby Riley675,0003,914,7250742,0005,782,259
8Granite Ridge Resources, Inc.2025Tyler Farquharson477,5004,039,73955,84604,956,370
9SM Energy Company2025Elizabeth McDonald576,3692,299,9950536,0244,475,172
10Ring Energy, Inc.2025Paul McKinney626,6671,473,3060753,9842,884,957
11HighPeak Energy2025Michael Hollis1,200,0000002,823,992
—Vital 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
HighPeak Energynot disclosedRSU 100not disclosedPearl Meyer & Partners, LLC
BKV Corporationnot disclosedPRSUs 67 · TRSUs 33NoWillis Towers Watson plc (WTW)
Civitas Resources, Inc.not disclosedPSU 70 · RSU 30Yes — Absolute TSRMeridian Compensation Partners, LLC
Comstock Resourcesnot disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
Granite Ridge Resources, Inc.not disclosednot disclosednot disclosedDana Krieg
Gulfport Energy Corporationnot disclosedPRSU 60 · RSU 40not disclosedWTW
Magnolia Oil & Gas Corporationnot disclosedRSU 50 · PSU 50not disclosedFW Cook
Matador Resources Companynot disclosedCash LTI 50 · PSU 50NoMeridian Compensation Partners, LLC
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
SM Energy Company93%PSU 60 · RSU 40Yes — Absolute TSRFrederic W. Cook & Co., Inc.
Vital Energy, Inc.not 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.

10d

Frequently asked questions

Who was the highest-paid executive at HighPeak Energy in fiscal 2025?
As disclosed, Michael Hollis (President and Chief Executive Officer) was the highest-paid executive at HighPeak Energy in fiscal 2025, with total compensation of $2,823,992.
How does HighPeak Energy's chief executive pay compare to its disclosed peer group?
As disclosed, Michael Hollis's total compensation ranked at the 10th percentile of HighPeak Energy's disclosed peer group.
How did shareholders vote on HighPeak Energy's executive compensation?
As disclosed, 94.4% of shareholders supported HighPeak Energy's executive compensation in the latest say-on-pay vote.
How much does HighPeak Energy spend in total on board compensation for fiscal 2025?
As disclosed, HighPeak Energy reported total board compensation of $757,530 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, Michael HollisDEF 14A2026-04-300001437749-26-014193Section “Executive Compensation”. As printed: 2,823,992. Filing ↗machine: span 290005–290014
2Section 01, W. Ryan HightowerDEF 14A2026-04-300001437749-26-014193Section “Executive Compensation”. As printed: 1,129,624. Filing ↗machine: span 321115–321124
3Section 01, Daniel SilverDEF 14A2026-04-300001437749-26-014193Section “Executive Compensation”. As printed: 1,128,424. Filing ↗machine: span 327363–327372
4Section 01, Rodney WoodardDEF 14A2026-04-300001437749-26-014193Section “Executive Compensation”. As printed: 906,960. Filing ↗machine: span 302136–302143
5Section 01, Steven TholenDEF 14A2026-04-300001437749-26-014193Section “Executive Compensation”. As printed: 883,400. Filing ↗machine: span 314865–314872
6Section 03, Rodney Woodard RSADEF 14A2026-04-300001437749-26-014193Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 256007–256013
7Section 03, Jack Hightower RSADEF 14A2026-04-300001437749-26-014193Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 259252–259258
8Section 03, Michael Hollis RSADEF 14A2026-04-300001437749-26-014193Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 254380–254387
9Section 03, Daniel Silver RSADEF 14A2026-04-300001437749-26-014193Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 260871–260877
10Section 03, Steven Tholen RSADEF 14A2026-04-300001437749-26-014193Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 257629–257635
11Section 08, Larry C. OldhamDEF 14A2026-04-300001437749-26-014193Section “Director Compensation”. As printed: 157,505. Filing ↗machine: span 830579–830586
12Section 08, Jason A. EdgeworthDEF 14A2026-04-300001437749-26-014193Section “Director Compensation”. As printed: 150,008. Filing ↗machine: span 821148–821155
13Section 08, Keith A. CovingtonDEF 14A2026-04-300001437749-26-014193Section “Director Compensation”. As printed: 150,008. Filing ↗machine: span 816889–816896
14Section 08, Jay M. ChernoskyDEF 14A2026-04-300001437749-26-014193Section “Director Compensation”. As printed: 150,008. Filing ↗machine: span 812630–812637
15Section 08, Sharon F. FulghamDEF 14A2026-04-300001437749-26-014193Section “Director Compensation”. As printed: 150,001. Filing ↗machine: span 826324–826331
16Section 08, Jack HightowerDEF 14A2026-04-300001437749-26-014193Section “Director Compensation”. As printed: 0. Filing ↗
17Section 08, Michael L. HollisDEF 14A2026-04-300001437749-26-014193Section “Director Compensation”. As printed: 0. Filing ↗
18Section 08, Daniel SilverDEF 14A2026-04-300001437749-26-014193Section “Director Compensation”. As printed: 0. Filing ↗
19Section 06, 2026 voteForm 8-K2026-06-020001437749-26-019162Item 5.07 · say-on-pay result. As reported: 94.4% (votes for as printed: 82,986,947). Filing ↗
20Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
21Section 09b board cost (computed)Computed——Cash 50,000 + equity 707,530 + all other 0 = 757,530, summed across the director compensation table rows.machine: formula: Σ = 757,530
22Comstock Resources, Section 10b CEO totalDEF 14A2026-04-220001193125-26-170561CEO total compensation as printed in Comstock Resources's own proxy. As printed: 21,934,257. Filing ↗machine: span 869756–869766
23Matador Resources Company, Section 10b CEO totalDEF 14A2026-04-290001520006-26-000013CEO total compensation as printed in Matador Resources Company's own proxy. As printed: 9,775,611. Filing ↗machine: r2 · c6 · span 1657541–1657551
24Civitas 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 ↗
25Gulfport Energy Corporation, Section 10b CEO totalDEF 14A2026-04-080001213900-26-041489CEO total compensation as printed in Gulfport Energy Corporation's own proxy. As printed: 7,323,707. Filing ↗machine: r13 · c6 · span 1324664–1324674
26Magnolia Oil & Gas Corporation, Section 10b CEO totalDEF 14A2026-03-240001104659-26-033837CEO total compensation as printed in Magnolia Oil & Gas Corporation's own proxy. As printed: 6,693,001. Filing ↗machine: span 1032349–1032358
27BKV Corporation, Section 10b CEO totalDEF 14A2026-04-280001104659-26-050381CEO total compensation as printed in BKV Corporation's own proxy. As printed: 5,903,801. Filing ↗machine: r1 · c50 · span 772545–772554
28Riley 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
29Granite Ridge Resources, Inc., Section 10b CEO totalDEF 14A2026-04-080001928446-26-000011CEO total compensation as printed in Granite Ridge Resources, Inc.'s own proxy. As printed: 4,956,370. Filing ↗machine: span 452405–452415
30SM 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
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
32HighPeak Energy (subject), Section 10b CEO totalDEF 14A2026-04-300001437749-26-014193CEO total compensation as printed in HighPeak Energy's own proxy. As printed: 2,823,992. Filing ↗machine: span 290005–290014
33Section 10a, Magnolia Oil & Gas Corporation reciprocityDEF 14A—0001104659-26-033837Magnolia Oil & Gas Corporation's most recent proxy was read; its disclosed peer group does not include HighPeak Energy. Filing ↗
34Section 10a, Comstock Resources reciprocityDEF 14A—0001193125-26-170561Comstock Resources's most recent proxy was read; its disclosed peer group does not include HighPeak Energy. Filing ↗
35Section 10a, Riley Exploration Permian, Inc. reciprocityDEF 14A—0001140361-26-014090Riley Exploration Permian, Inc. names HighPeak Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗
36Section 10a, Granite Ridge Resources, Inc. reciprocityDEF 14A—0001928446-26-000011Granite Ridge Resources, Inc.'s most recent proxy was read; its disclosed peer group does not include HighPeak Energy. Filing ↗
37Section 10a, Matador Resources Company reciprocityDEF 14A—0001520006-26-000013Matador Resources Company's most recent proxy was read; its disclosed peer group does not include HighPeak Energy. Filing ↗
38Section 10a, SM Energy Company reciprocityDEF 14A—0000893538-26-000048SM Energy Company's most recent proxy was read; its disclosed peer group does not include HighPeak Energy. Filing ↗
39Section 10a, Civitas Resources, Inc. reciprocityDEF 14A—0001558370-25-005077Civitas Resources, Inc.'s most recent proxy was read; its disclosed peer group does not include HighPeak Energy. Filing ↗
40Section 10a, Gulfport Energy Corporation reciprocityDEF 14A—0001213900-26-041489Gulfport Energy Corporation names HighPeak Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗
41Section 10a, Ring Energy, Inc. reciprocityDEF 14A—0001384195-26-000068Ring Energy, Inc. names HighPeak Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗

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