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Companies Kinetik Holdings

Kinetik (KNTK): executive pay, fiscal 2025

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CEO total pay$6,156,243CEO Jamie Welch · source
Say-on-pay support99.73%Latest vote · source
CEO vs. named peers14th pct.Of 13 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

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Kinetik Holdings in fiscal 2025?
As disclosed, Jamie Welch (President and Chief Executive Officer) was the highest-paid executive at Kinetik Holdings in fiscal 2025, with total compensation of $6,156,243.
How does Kinetik Holdings's chief executive pay compare to its disclosed peer group?
As disclosed, Jamie Welch's total compensation ranked at the 14th percentile of Kinetik Holdings's disclosed peer group.
What is Kinetik Holdings's CEO-to-median employee pay ratio?
As disclosed, Kinetik Holdings's CEO-to-median employee pay ratio was 39:1.
How did shareholders vote on Kinetik Holdings's executive compensation?
As disclosed, 99.73% of shareholders supported Kinetik Holdings's executive compensation in the latest say-on-pay vote.
How much does Kinetik Holdings spend in total on board compensation for fiscal 2025?
As disclosed, Kinetik Holdings 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 objectives of the compensation program for the NEOs are to attract, motivate and retain talented individuals who are committed to achieving our long-term strategic objectives and creating stockholder value. Our compensation program is not only designed to align the incentives of our executives with our stockholders' interests, but also to promote the achievement of key corporate performance measures as determined by the Compensation Committee each year.

CEO STI target (% of salary)125%
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
Steven StellatoPSU2025-03-073,0188,047—16,094338,779
R. Todd CarpenterPSU——13,892—27,7842,215,590
Anne PsencikRSU2025-03-07——10,538—539,440
Steven StellatoRSU2025-03-07——13,892—711,131
Steven StellatoRSU2025-05-09——4,117—171,720
Jamie WelchPSU2025-03-075,74815,329—30,658645,351
Matthew WallRSU2025-03-07——15,329—784,692
Lindsay EllisRSU2025-05-09——2,766—115,370
Trevor HowardPSU2025-03-071,6354,359—8,718183,514
Matthew WallRSU2025-05-09——4,323—180,312
Trevor HowardRSU2025-05-09——2,964—123,628
Lindsay EllisRSU2025-03-07——8,095—414,383
Jamie WelchRSU2025-03-07——25,868—1,324,183
Jamie WelchRSU2025-05-09——13,175—549,529
Trevor HowardRSU2025-03-07——14,945—765,035
Anne PsencikPSU2025-02-26————691,018

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$2,659,240$0100.0%
Steven Stellato882,851338,779027.7%
Anne Psencik539,440691,018056.2%
Jamie Welch1,873,712645,351025.6%
Matthew Wall965,004000.0%
Lindsay Ellis529,753000.0%
Trevor Howard888,663183,514017.1%

% 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 EllisRSU256—$9,220
Lindsay EllisRSU264—9,512
Trevor HowardRSU472—17,020
Anne PsencikRSU618—22,289
Trevor HowardRSU814—29,348
Steven StellatoRSU815—29,383
Matthew WallRSU899—32,422
Lindsay EllisRSU1,309—47,180
Lindsay EllisRSU1,635—58,942
Matthew WallRSU2,035—73,374
R. Todd CarpenterRSU2,035—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 WelchRSU4,553—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 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 · Compensation · Governance and Sustainability Committee$67,775$255,990———$323,765
Deborah L. ByersIndependent · Audit36,250275,409———311,659
Kevin S. McCarthyIndependent · Audit · Compensation31,733263,542———295,275
William OrdemannIndependent · Audit · Governance and Sustainability Committee27,000246,236———273,236
D. Mark LelandIndependent · Audit · Governance and Sustainability Committee27,000246,236———273,236
Jamie WelchEmployee director · Partial-year service—————0
Michael KumarIndependent · Audit · Partial-year service · Newly elected——————
John-Paul (JP) MunfaIndependent · Governance and Sustainability Committee · Partial-year service · Newly elected——————
Karen PuttermanIndependent · Partial-year service · Newly elected——————
David I. FoleyIndependent · Compensation · Partial-year service · Newly elected——————

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$5

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 KNTK

9 companies name KNTK as a compensation peer

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

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.

Peer reciprocity

The companies Kinetik Holdings 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
1Global Partners LP2025Cameron Bready$1,050,000$12,129,964$4,002,022$2,903,553$20,307,392
2Equitrans Midstream Corporation2023Thomas Karam790,2505,364,34401,715,88015,457,854
3Plains All American Pipeline, LP2025Willie Chiang887,5008,435,82702,950,00012,295,167
4DT Midstream, Inc.2025David Slater852,2036,282,37101,839,9389,328,071
5National Fuel Gas Company2025David Bauer1,095,0004,170,59301,881,3479,119,455
6Delek US Holdings, Inc.2025Avigal Soreq900,0004,832,19501,895,5447,683,786
7Kinetik Holdings2025Jamie Welch276,9235,140,8410487,5006,156,243
8Antero Midstream Corporation2025Michael Kennedy242,4344,344,8640789,7505,382,718
—Genesis Energy, LP——————not in coverage universe
—Sunoco LP——————not in coverage universe
—Western Midstream Partners, 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 Holdings65%PSU 50 · RSU 50Yes — Annualized TSRMeridian 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
Equitrans Midstream Corporation181%PSU 55 · RSU 45Yes — Relative TSRPay Governance
Genesis Energy, LPnot disclosednot disclosednot disclosednot disclosed
Global Partners LP138.3%PSU 50 · Options 25 · RSU 25Yes — Relative TSRFW Cook
National Fuel Gas Companynot disclosedPSU 66.67 · RSU 33.33not disclosedKorn Ferry and Meridian Compensation Partners, LLC
Plains All American Pipeline, LP131%RSU 50 · PSU 50Yes — Relative TSR with Negative TSR ModifierMeridian
Sunoco LPnot disclosednot disclosednot disclosednot disclosed
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
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-19119,108,008328,400133,67999.73%Passed
20252025-05-19116,544,533233,731206,17499.8%Passed
20242024-05-20141,041,252457,50836,25199.68%Passed
20232023-05-31135,126,424189,83851,47599.86%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
20262026-05-1999.73%a
20252025-05-1999.8%b
20242024-05-2099.68%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on Proposal 3.”.

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.

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 (51 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 “Summary Compensation Table”. As printed: 6,156,243. View filing ↗
  • Section 01, R. Todd Carpenter. DEF 14A, filed 2026-04-08. Section “Summary Compensation Table”. As printed: 3,429,780. View filing ↗
  • Section 01, Anne Psencik. DEF 14A, filed 2026-04-08. Section “Summary Compensation Table”. As printed: 2,879,933. View filing ↗
  • Section 01, Matthew Wall. DEF 14A, filed 2026-04-08. Section “Summary Compensation Table”. As printed: 2,305,408. View filing ↗
  • Section 01, Steven Stellato. DEF 14A, filed 2026-04-08. Section “Summary Compensation Table”. As printed: 2,114,243. View filing ↗
  • Section 01, Trevor Howard. DEF 14A, filed 2026-04-08. Section “Summary Compensation Table”. As printed: 1,840,500. View filing ↗
  • Section 01, Lindsay Ellis. DEF 14A, filed 2026-04-08. Section “Summary Compensation Table”. As printed: 1,234,132. View filing ↗
  • Section 03, R. Todd Carpenter PSU. DEF 14A, filed 2026-04-08. Section “LEAD DIRECTOR” · grants of plan-based awards table. View filing ↗
  • Section 03, Steven Stellato PSU. DEF 14A, filed 2026-04-08. Section “LEAD DIRECTOR” · grants of plan-based awards table. View filing ↗
  • Section 03, R. Todd Carpenter PSU. DEF 14A, filed 2026-04-08. Section “LEAD DIRECTOR” · grants of plan-based awards table. View filing ↗
  • Section 03, Anne Psencik RSU. DEF 14A, filed 2026-04-08. Section “LEAD DIRECTOR” · grants of plan-based awards table. View filing ↗
  • Section 03, Steven Stellato RSU. DEF 14A, filed 2026-04-08. Section “LEAD DIRECTOR” · grants of plan-based awards table. View filing ↗
  • Section 03, Steven Stellato RSU. DEF 14A, filed 2026-04-08. Section “LEAD DIRECTOR” · grants of plan-based awards table. View filing ↗
  • Section 03, Jamie Welch PSU. DEF 14A, filed 2026-04-08. Section “LEAD DIRECTOR” · grants of plan-based awards table. View filing ↗
  • Section 03, Matthew Wall RSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards for the 2025 Fiscal Year” · grants of plan-based awards table. View filing ↗
  • Section 03, Lindsay Ellis RSU. DEF 14A, filed 2026-04-08. Section “LEAD DIRECTOR” · grants of plan-based awards table. View filing ↗
  • Section 03, Trevor Howard PSU. DEF 14A, filed 2026-04-08. Section “LEAD DIRECTOR” · grants of plan-based awards table. View filing ↗
  • Section 03, Matthew Wall RSU. DEF 14A, filed 2026-04-08. Section “LEAD DIRECTOR” · grants of plan-based awards table. View filing ↗
  • Section 03, Trevor Howard RSU. DEF 14A, filed 2026-04-08. Section “LEAD DIRECTOR” · grants of plan-based awards table. View filing ↗
  • Section 03, Lindsay Ellis RSU. DEF 14A, filed 2026-04-08. Section “LEAD DIRECTOR” · grants of plan-based awards table. View filing ↗
  • Section 03, Jamie Welch RSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards for the 2025 Fiscal Year” · grants of plan-based awards table. View filing ↗
  • Section 03, Jamie Welch RSU. DEF 14A, filed 2026-04-08. Section “LEAD DIRECTOR” · grants of plan-based awards table. View filing ↗
  • Section 03, Trevor Howard RSU. DEF 14A, filed 2026-04-08. Section “LEAD DIRECTOR” · grants of plan-based awards table. View filing ↗
  • Section 03, Anne Psencik PSU. DEF 14A. 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, William Ordemann. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 273,236. View filing ↗
  • Section 08, D. Mark Leland. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 273,236. View filing ↗
  • Section 08, Jamie Welch. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Michael Kumar. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: —. View filing ↗
  • Section 08, John-Paul (JP) Munfa. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: —. View filing ↗
  • Section 08, Karen Putterman. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: —. View filing ↗
  • Section 08, David I. Foley. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: —. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-05-20. Item 5.07 · say-on-pay result. As reported: 99.73% (votes for as printed: 119,108,008). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-05-21. Item 5.07 · say-on-pay result. As reported: 99.8% (votes for as printed: 116,544,533). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-23. Item 5.07 · say-on-pay result. As reported: 99.68% (votes for as printed: 141,041,252). 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.
  • 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 ↗
  • Equitrans Midstream Corporation, Section 10b CEO total. DEF 14A, filed 2024-03-04. CEO total compensation as printed in Equitrans Midstream Corporation's own proxy. As printed: 15,457,854. View filing ↗
  • Plains All American Pipeline, LP, Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Plains All American Pipeline, LP's own proxy. As printed: 12,295,167. 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 (subject), Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in Kinetik Holdings'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, DT Midstream, Inc. reciprocity. DEF 14A. DT Midstream, Inc. names Kinetik Holdings in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Plains All American Pipeline, L.P. reciprocity. DEF 14A. Plains All American Pipeline, L.P. names Kinetik Holdings in its own disclosed peer group (read from its most recent proxy). View filing ↗
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