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Companies Kinetik Holdings Inc.

Kinetik (KIN): executive pay, fiscal 2025

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CEO total pay$6,156,243CEO Jamie Welch · source
CEO vs. named peers20th pct.Of 15 peer CEOs
CEO pay ratio39:1To the median employee · source

CEO pay, last three years

  • $2,321,989FY2023
  • $7,243,604FY2024
  • $6,156,243FY2025

CEO total pay was $6,156,243 in fiscal 2025, down from $7,243,604 in fiscal 2024.

FY2025: salary $276,923 · bonus $162,500 · stock awards $5,140,841 · option awards $0

Frequently asked questions

Who was the highest-paid executive at Kinetik Holdings Inc. in fiscal 2025?
As disclosed, Jamie Welch (President and Chief Executive Officer) was the highest-paid executive at Kinetik Holdings Inc. in fiscal 2025, with total compensation of $6,156,243.
How does Kinetik Holdings Inc.'s chief executive pay compare to its disclosed peer group?
As disclosed, Jamie Welch's total compensation ranked at the 20th percentile of Kinetik Holdings Inc.'s disclosed peer group.
What is Kinetik Holdings Inc.'s CEO-to-median employee pay ratio?
As disclosed, Kinetik Holdings Inc.'s CEO-to-median employee pay ratio was 39:1.
How much does Kinetik Holdings Inc. spend in total on board compensation for fiscal 2025?
As disclosed, Kinetik Holdings Inc. reported total board compensation of $1,477,171 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 officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Jamie Welch$276,923$162,500$5,140,841$0$487,500$0$88,479$6,156,243
President and Chief Executive Officer
R. Todd Carpenter83,07702,215,5900001,131,1133,429,780
General Counsel and Chief Compliance Officer
Anne Psencik216,00001,674,108000989,8252,879,933
Chief Strategy Officer
Matthew Wall353,36581,0471,610,3550243,141017,5002,305,408
Executive Vice President and Chief Operating Officer
Steven Stellato336,53873,1251,467,7050219,375017,5002,114,243
Executive Vice President, Chief Administrative Officer and Chief Accounting Officer
Trevor Howard332,30865,8131,227,4420197,438017,5001,840,500
Senior Vice President and Chief Financial Officer
Lindsay Ellis298,61551,188713,2670153,563017,5001,234,132
General Counsel, Chief Compliance Officer and Corporate Secretary

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
Jamie Welch$6,156,243$7,243,604$2,321,989↓ −1,087,361
R. Todd Carpenter3,429,7802,285,3482,019,551↑ +1,144,432
Anne Psencik2,879,9332,285,3482,019,551↑ +594,585
Matthew Wall2,305,4082,358,7081,699,171↓ −53,300
Steven Stellato2,114,2432,373,5502,019,551↓ −259,307
Trevor Howard1,840,500———
Lindsay Ellis1,234,132———

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 compensation program is designed to attract, motivate, and retain talented individuals committed to achieving long-term strategic objectives and creating stockholder value, aligning executive incentives with stockholder interests and promoting the achievement of key corporate performance measures. The program emphasizes a pay-for-performance philosophy where the vast majority of compensation is at risk and variable, with a strong emphasis on long-term performance through performance-based equity awards.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantMeridian Compensation Partners
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
R. Todd CarpenterPSU2025-03-073,95210,538—21,076$443,650
Lindsay EllisRSU2025-03-07——8,095—414,383
Lindsay EllisRSU2025-05-09——2,766—115,370
Trevor HowardRSU2025-03-07——14,945—765,035
Trevor HowardRSU2025-05-09——2,964—123,628
Trevor HowardPSU2025-03-071,6354,359—8,718183,514
Anne PsencikRSU2025-03-07——10,538—539,440
Steven StellatoRSU2025-03-07——13,892—711,131
Steven StellatoRSU2025-05-09——4,117—171,720
Steven StellatoPSU2025-03-073,0188,047—16,094338,779
Matthew WallRSU2025-03-07——15,329—784,692
Matthew WallRSU2025-05-09——4,323—180,312
Matthew WallPSU2025-03-075,21013,892—27,784584,853
Jamie WelchRSU2025-03-07——25,868—1,324,183
Jamie WelchRSU2025-05-09——13,175—549,529
Jamie WelchPSU2025-03-075,74815,329—30,658645,351

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
R. Todd Carpenter$0$443,650$0100.0%
Lindsay Ellis529,753000.0%
Trevor Howard888,663183,514017.1%
Anne Psencik539,440000.0%
Steven Stellato882,851338,779027.7%
Matthew Wall965,004584,853037.7%
Jamie Welch1,873,712645,351025.6%

% 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

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Lindsay EllisPSU256—$9,220
Lindsay EllisRSU264—9,512
Trevor HowardPSU472—17,020
Anne PsencikPSU618—22,289
Trevor HowardRSU814—29,348
Steven StellatoPSU815—29,383
Matthew WallPSU899—32,422
Lindsay EllisRSU1,309—47,180
Lindsay EllisRSU1,635—58,942
Matthew WallRSU2,035—73,374
R. Todd CarpenterPSU2,035—73,374
Anne PsencikRSU2,035—73,374
Steven StellatoRSU2,132—76,864
Lindsay EllisRSU2,766—99,714
Trevor HowardRSU2,964—106,852
Trevor HowardRSU3,018—108,799
Lindsay EllisRSU3,713—133,854
Anne PsencikRSU3,952—142,470
Trevor HowardRSU4,034—145,426
Steven StellatoRSU4,117—148,418
Matthew WallRSU4,323—155,844
Jamie WelchPSU4,553—164,140
Steven StellatoRSU5,210—187,821
Steven StellatoRSU5,448—196,400
Trevor HowardRSU5,448—196,400
Matthew WallRSU5,748—207,215
Anne PsencikRSU6,051—218,139
Lindsay EllisRSU8,095—291,825
Matthew WallRSU10,084—363,528
R. Todd CarpenterRSU10,084—363,528
Anne PsencikRSU10,538—379,895
Steven StellatoRSU10,565—380,868
Trevor HowardRSU11,445—412,592
Jamie WelchRSU12,795—461,261
Jamie WelchRSU13,175—474,959
Steven StellatoRSU13,892—500,807
Trevor HowardRSU14,945—538,767
Matthew WallRSU15,329—552,610
Matthew WallRSU15,407—555,422
R. Todd CarpenterRSU15,407—555,422
Anne PsencikRSU15,407—555,422
Steven StellatoRSU16,141—581,883
Jamie WelchRSU25,868—932,541
Jamie WelchRSU26,195—944,330
Jamie WelchRSU26,195—944,330
Jamie WelchRSU29,102—1,049,109
Jamie WelchRSU32,282—1,163,766
Matthew WallRSU36,324—1,309,480
Lindsay EllisRSU36,324—1,309,480
R. Todd CarpenterRSU36,324—1,309,480
Jamie WelchRSU63,388—2,285,137
Jamie WelchRSU395,416—14,254,747
Jamie WelchRSU2,319,646—83,623,238
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Laura A. SuggIndependent · Lead Independent Director · Audit · Compensation · Governance$67,775$255,990———$323,765
Deborah L. ByersIndependent · Audit (Chair) · Compensation · Governance36,250275,409———311,659
Kevin S. McCarthyIndependent · Audit · Compensation · Governance31,733263,542———295,275
D. Mark LelandIndependent · Audit · Compensation · Governance27,000246,236———273,236
William OrdemannIndependent · Audit · Compensation · Governance27,000246,236———273,236

Board fee structure and ownership guideline

Annual cash retainer$110,000
Annual equity retainer$155,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)35,000 / 20,000 / 15,000
Stock ownership guideline$550,000

Total cost of the board

ComponentFY2025
Cash retainers and fees$189,758
Equity awards (grant-date value)$1,287,413
All other compensation$0
Total cost of the board$1,477,171

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Kinetik as a peer

Companies that benchmark against KIN

Each company listed discloses KIN in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons.

Disclosed peer group — fiscal year 2025

The peer group the company's own proxy names the “2025 Peer Group” and “Performance Peer Group”, used to compare total shareholder return — the reference set behind the percentile above.

Peer reciprocity

The companies Kinetik Holdings 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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1The Williams Company, Inc.2025Laura Alber$1,600,000$18,999,797$0$12,500,000$33,297,422
2Targa Resources Corp.2025Matthew Meloy1,170,66716,275,9930021,470,708
3Global Partners LP2025Cameron Bready1,050,00012,129,9644,002,0222,903,55320,307,392
4Energy Transfer LP2025Marshall McCrea1,553,10015,779,38402,718,00020,076,651
5Kinder Morgan, Inc.2025Kimberly Dang523,07711,750,0270012,331,566
6Oneok, Inc.2025Pierce Norton II1,000,0008,771,279—1,578,00012,003,335
7DT Midstream, Inc.2025David Slater852,2036,282,37101,839,9389,328,071
8National Fuel Gas Company2025David Bauer1,095,0004,170,59301,881,3479,119,455
9Delek US Holdings, Inc.2025Avigal Soreq900,0004,832,19501,895,5447,683,786
10Kinetik Holdings Inc.2025Jamie Welch276,9235,140,8410487,5006,156,243
11Antero Midstream Corporation2025Michael Kennedy242,4344,344,8640789,7505,382,718
—Western Midstream Partners, LP——————not in coverage universe
—Equitrans Midstream Corporation——————not in coverage universe
—Sunoco LP——————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

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Kinetik Holdings Inc.not disclosedRSU 50 · PSU 50not disclosedMeridian Compensation Partners
Antero Midstream Corporationnot disclosedRSU 75 · PSU 25not disclosedCBIZ Compensation Consulting
Delek US Holdings, Inc.not disclosedRSU 50 · PSU 50not disclosedPay Governance LLC
DT Midstream, Inc.152.62%PSU 70 · RSU 30NoMeridian Compensation Partners LLC
Energy Transfer LPnot disclosedRSU 75 · CRSU 25not disclosedMeridian Compensation Partners, LLC
Equitrans Midstream Corporationnot disclosednot disclosednot disclosednot disclosed
Global Partners LP138.3%PSU 50 · Option 25 · Restricted Stock 25Yes — Relative TSRFW Cook
Kinder Morgan, Inc.102.5%not disclosedNoNone retained in 2025 (used Equilar Insight benchmarking software platform instead of a compensation consultant)
National Fuel Gas Companynot disclosedPSU 66.67 · RSU 33.33not disclosedKorn Ferry and Meridian Compensation Partners, LLC
Oneok, Inc.105.2%PSU 70 · RSU 30Yes — Total Shareholder Return (TSR)Meridian Compensation Partners
Sunoco LPnot disclosednot disclosednot disclosednot disclosed
Targa Resources Corp.190%PSU 50 · RSU 50Yes — Relative TSR vs. Alerian US Midstream Index (AMUS)Meridian Compensation Partners
The Williams Company, Inc.157.9%PSU 63 · RSU 37NoPay Governance LLC
Western Midstream Partners, LPnot 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.

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)39 : 1
CEO total compensation$6,156,243
Median employee compensation$156,492
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (44 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, Jamie Welch. DEF 14A, filed 2026-04-08. Section “Executive Compensation Tables”. As printed: 6,156,243. View filing ↗
  • Section 01, R. Todd Carpenter. DEF 14A, filed 2026-04-08. Section “Executive Compensation Tables”. As printed: 3,429,780. View filing ↗
  • Section 01, Anne Psencik. DEF 14A, filed 2026-04-08. Section “Executive Compensation Tables”. As printed: 2,879,933. View filing ↗
  • Section 01, Matthew Wall. DEF 14A, filed 2026-04-08. Section “Executive Compensation Tables”. As printed: 2,305,408. View filing ↗
  • Section 01, Steven Stellato. DEF 14A, filed 2026-04-08. Section “Executive Compensation Tables”. As printed: 2,114,243. View filing ↗
  • Section 01, Trevor Howard. DEF 14A, filed 2026-04-08. Section “Executive Compensation Tables”. As printed: 1,840,500. View filing ↗
  • Section 01, Lindsay Ellis. DEF 14A, filed 2026-04-08. Section “Executive Compensation Tables”. As printed: 1,234,132. View filing ↗
  • Section 03, R. Todd Carpenter PSU. DEF 14A, filed 2026-04-08. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Lindsay Ellis RSU. DEF 14A, filed 2026-04-08. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Lindsay Ellis RSU. DEF 14A, filed 2026-04-08. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Trevor Howard RSU. DEF 14A, filed 2026-04-08. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Trevor Howard RSU. DEF 14A, filed 2026-04-08. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Trevor Howard PSU. DEF 14A, filed 2026-04-08. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Anne Psencik RSU. DEF 14A, filed 2026-04-08. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Steven Stellato RSU. DEF 14A, filed 2026-04-08. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Steven Stellato RSU. DEF 14A, filed 2026-04-08. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Steven Stellato PSU. DEF 14A, filed 2026-04-08. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Matthew Wall RSU. DEF 14A, filed 2026-04-08. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Matthew Wall RSU. DEF 14A, filed 2026-04-08. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Matthew Wall PSU. DEF 14A, filed 2026-04-08. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Jamie Welch RSU. DEF 14A, filed 2026-04-08. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Jamie Welch RSU. DEF 14A, filed 2026-04-08. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Jamie Welch PSU. DEF 14A, filed 2026-04-08. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-04-08. Section “CEO Pay Ratio”. As printed: 39 : 1. View filing ↗
  • Section 08, Laura A. Sugg. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 323,765. View filing ↗
  • Section 08, Deborah L. Byers. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 311,659. View filing ↗
  • Section 08, Kevin S. McCarthy. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 295,275. View filing ↗
  • Section 08, D. Mark Leland. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 273,236. View filing ↗
  • Section 08, William Ordemann. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 273,236. 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 189,758 + equity 1,287,413 + all other 0 = 1,477,171, summed across the director compensation table rows.
  • The Williams Company, Inc., Section 10b CEO total. DEF 14A, filed 2026-05-06. CEO total compensation as printed in The Williams Company, Inc.'s own proxy. As printed: 33,297,422. View filing ↗
  • Targa Resources Corp., Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Targa Resources Corp.'s own proxy. As printed: 21,470,708. View filing ↗
  • Global Partners LP, Section 10b CEO total. DEF 14A, filed 2026-03-17. CEO total compensation as printed in Global Partners LP's own proxy. As printed: 20,307,392. View filing ↗
  • Energy Transfer LP, Section 10b CEO total. 10-K. CEO total compensation as printed in Energy Transfer LP's own proxy. As printed: 20,076,651. View filing ↗
  • Kinder Morgan, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Kinder Morgan, Inc.'s own proxy. As printed: 12,331,566. View filing ↗
  • Oneok, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Oneok, Inc.'s own proxy. As printed: 12,003,335. View filing ↗
  • DT Midstream, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in DT Midstream, Inc.'s own proxy. As printed: 9,328,071. View filing ↗
  • National Fuel Gas Company, Section 10b CEO total. DEF 14A, filed 2026-01-23. CEO total compensation as printed in National Fuel Gas Company's own proxy. As printed: 9,119,455. View filing ↗
  • Delek US Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-10. CEO total compensation as printed in Delek US Holdings, Inc.'s own proxy. As printed: 7,683,786. View filing ↗
  • Kinetik Holdings Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in Kinetik Holdings Inc.'s own proxy. As printed: 6,156,243. View filing ↗
  • Antero Midstream Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Antero Midstream Corporation's own proxy. As printed: 5,382,718. View filing ↗
  • Section 10a, ONEOK, Inc. reciprocity. DEF 14A. ONEOK, Inc. names Kinetik Holdings Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
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