Fiscal year 2025 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.
Each company listed discloses LBRT 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 LBRT in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Christopher Wright | $80,481 | $0 | $16,630,644 | $0 | $0 | $0 | $4,829 | $16,715,954 |
| Former Chairman of the Board & Former Chief Executive Officer | ||||||||
| Ron Gusek | 591,282 | 179,632 | 2,943,855 | 0 | 1,057,718 | 0 | 21,000 | 4,793,487 |
| Chief Executive Officer & President | ||||||||
| Michael Stock | 460,916 | 127,926 | 2,309,449 | 0 | 753,260 | 0 | 21,000 | 3,672,551 |
| Chief Financial Officer & Treasurer | ||||||||
| R. Sean Elliott | 452,704 | 99,292 | 1,559,571 | 0 | 584,656 | 0 | 21,000 | 2,717,223 |
| Chief Legal Officer & Corporate Secretary | ||||||||
| Ryan Gosney | 339,846 | 90,000 | 1,270,474 | 0 | 529,943 | 0 | 21,000 | 2,251,263 |
| Chief Accounting Officer & Vice President of Finance | ||||||||
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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Christopher Wright | $16,715,954 | — | — | — |
| Ron Gusek | 4,793,487 | — | — | — |
| Michael Stock | 3,672,551 | — | — | — |
| R. Sean Elliott | 2,717,223 | — | — | — |
| Ryan Gosney | 2,251,263 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| R. Sean Elliott | RSU | 2025-01-22 | — | — | 47,132 | — | $1,044,916 |
| Ryan Gosney | PSU | 2025-01-22 | 14,327 | 28,653 | — | 57,306 | 635,237 |
| Ron Gusek | RSU | 2025-01-22 | — | — | 52,085 | — | 1,154,724 |
| Ron Gusek | PSU | 2025-01-22 | 26,043 | 52,085 | — | 104,170 | 1,154,724 |
| R. Sean Elliott | PSU | 2025-01-22 | 11,607 | 23,214 | — | 46,428 | 514,654 |
| Christopher Wright | RSU | 2025-01-15 | — | — | 733,597 | — | 16,630,644 |
| Ron Gusek | PSU | 2025-02-03 | 40,842 | 81,683 | — | 163,366 | 1,471,928 |
| Ryan Gosney | RSU | 2025-01-22 | — | — | 28,653 | — | 635,237 |
| Ron Gusek | RSU | 2025-02-03 | — | — | 81,683 | — | 1,471,928 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| R. Sean Elliott | $1,044,916 | $514,654 | $0 | 33.0% |
| Ryan Gosney | 635,237 | 635,237 | 0 | 50.0% |
| Ron Gusek | 2,626,652 | 2,626,652 | 0 | 50.0% |
| Christopher Wright | 16,630,644 | 0 | 0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Ron Gusek | RSU | 33,068 | — | $610,435 |
| Ron Gusek | PSU | 163,366 | — | 3,015,736 |
| Ron Gusek | PSU | 102,914 | — | 1,899,792 |
| Ron Gusek | PSU | 99,204 | — | 1,831,306 |
| Ron Gusek | RSU | 81,683 | — | 1,507,868 |
| Ron Gusek | RSU | 17,153 | — | 316,644 |
The Company's compensation program is designed to support a strong governance model, generally targeting the market median for total compensation and ensuring a significant portion of target compensation is performance-based or at risk.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-04-14 | 137,886,808 | 1,961,138 | 388,254 | 98.32% | Passed |
| 2025 | 2025-04-15 | 139,465,988 | 2,110,215 | 137,599 | 98.41% | Passed |
| 2024 | 2024-04-16 | 145,842,406 | 2,301,691 | 271,511 | 98.27% | Passed |
| 2023 | 2023-04-18 | 139,251,531 | 2,498,669 | 158,712 | 98.13% | Passed |
| 2022 | 2022-04-19 | 159,712,833 | 2,844,956 | 11,893 | 98.24% | Passed |
| 2021 | 2021-04-20 | 160,776,270 | 671,717 | 69,805 | 99.54% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-04-14 | 98.32%a |
| 2025 | 2025-04-15 | 98.41%b |
| 2024 | 2024-04-16 | 98.27%c |
a. Approved under the standard stated in the filing — “Votes that are withheld have no effect on the outcome of this proposal Broker non-votes have no effect on the outcome of this proposal (2) To approve, on an advisory basis, the compensation of our named executive officers 2 Affirmative vote of a majority of shares present in person or by proxy and entitled to vote on the matter "FOR" Abstentions have the effect of a vote against "AGAINST" Broker non-votes have no effect on the outcome of this proposal (3) To ratify the appointment of Deloitte as our independent registered public accounting firm for the fiscal year end ot be appropriate or feasible to change our executive compensation programs in consideration of one year's advisory vote on executive compensation by the time of the following year's annual meeting of stockholders.”.
b. Approved under the standard stated in the filing — “In addition, if you "withhold" authority to vote with respect to the election of some or all of the nominees, your shares will not be voted with respect to those nominees indicated Broker non-votes have no effect (2) To approve, on an advisory basis, the compensation of our named executive officers (2) Affirmative vote of a majority of shares present in person or by proxy and entitled to vote on the matter "FOR" Abstentions have the effect of a vote against "AGAINST" Broker non-votes have no effect (3) To ratify the appointment of Deloitte as our independent registered public accounting firm for the fiscal year ending December 31, 2025 Affirmativ ot be appropriate or feasible to change our executive compensation programs in consideration of one year's advisory vote on executive compensation by the time of the following year's annual meeting of stockholders.”.
c. Approved under the standard stated in the filing — “Affirmative vote of a majority of shares present in person or by proxy and entitled to vote on the matter "FOR" Abstentions have the effect of a vote "AGAINST" There will be no broker non-votes on Proposal 3 because brokers have discretion to vote on this proposal (4) To approve our A& R LTI P.”.
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.
| Ratio (CEO : median employee) | 37 : 1 |
|---|---|
| CEO total compensation | $4,793,487 |
| Median employee compensation | $128,701 |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| William F. KimbleIndependent · Board Chair · Audit (Chair) · Nominating and Governance Committee | $185,000 | $269,228 | $0 | — | $0 | $454,228 |
| Peter A. DeaIndependent · Compensation (Chair) · Nominating and Governance Committee | 120,000 | 196,103 | 0 | — | 0 | 316,103 |
| Gale A. NortonIndependent · Audit · Nominating and Governance Committee (Chair) | 120,000 | 196,103 | 0 | — | 0 | 316,103 |
| Cary D. SteinbeckIndependent · Audit · Compensation | 117,500 | 196,103 | 0 | — | 0 | 313,603 |
| Simon AyatIndependent · Audit | 110,000 | 196,103 | 0 | — | 0 | 306,103 |
| Ken BabcockIndependent · Compensation | 107,500 | 196,103 | 0 | — | 0 | 303,603 |
| Arjun MurtiIndependent · Newly elected | 94,167 | 184,144 | 0 | — | 0 | 278,311 |
| Audrey RobertsonIndependent · Departed during FY | 75,000 | 165,802 | 0 | — | 0 | 240,802 |
| Alice YakeIndependent · Newly elected | 21,389 | 37,324 | 0 | — | 0 | 58,713 |
| Ron GusekEmployee director · Newly elected | 0 | 0 | 0 | — | 0 | 0 |
| Christopher A. WrightEmployee director · Departed during FY | 0 | 0 | 0 | — | 0 | 0 |
| James R. McDonaldIndependent · Compensation | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $100,000 |
|---|---|
| Annual equity retainer | $175,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 15,000 / 10,000 |
| Stock ownership guideline | 5x annual Board cash retainer |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $950,556 |
| Equity awards (grant-date value) | $1,637,013 |
| All other compensation | $0 |
| Total cost of the board | $2,587,569 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Of the companies Liberty 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 Liberty Energy.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Halliburton Company | 2025 | Jeffrey Miller | $1,700,000 | $7,992,782 | $0 | $5,944,836 | $16,525,407 |
| 2 | Patterson-UTI Energy, Inc. | 2025 | William Hendricks | 1,300,000 | 8,497,991 | 0 | 2,264,330 | 12,077,321 |
| 3 | Helmerich & Payne, Inc. | 2025 | John Lindsay | 1,179,909 | 5,749,957 | 0 | 1,559,016 | 9,010,799 |
| 4 | Liberty Energy | 2025 | Ron Gusek | 591,282 | 2,943,855 | 0 | 1,057,718 | 4,793,487 |
| 5 | RPC, Inc. | 2025 | Ben Palmer | 618,000 | 1,388,265 | 0 | 1,155,660 | 3,192,075 |
| 6 | ProFrac Holding Corp. | 2025 | Johnathan Wilks | 475,000 | 780,488 | 0 | 47,500 | 1,382,583 |
| — | Oil States International, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | ProPetro Holding Corp. | — | — | — | — | — | — | 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.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Liberty Energy | not disclosed | not disclosed | not disclosed | not disclosed |
| Halliburton Company | not disclosed | PSU 50 · Cash LTI 50 | Yes — Total Shareholder Return (TSR) | not disclosed |
| Helmerich & Payne, Inc. | 109.09% | PSU 50 · RSU 50 | Yes — Total Stockholder Return (TSR) | Willis Towers Watson |
| Oil States International, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Patterson-UTI Energy, Inc. | not disclosed | PSU 50 · RSU 50 | Yes — Total Stockholder Return (TSR) | Pay Governance LLC |
| ProFrac Holding Corp. | not disclosed | PSU 60 · RSU 40 | No | not disclosed |
| ProPetro Holding Corp. | not disclosed | not disclosed | not disclosed | not disclosed |
| RPC, Inc. | 187% | RSU 75 · PSU 25 | No | Mercer, LLC |
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.
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.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Christopher Wright | DEF 14A | 2026-03-05 | 0001999371-26-005123 | Section “EXECUTIVE COMPENSATION TABLES” · page 27. As printed: 16,715,954. Filing ↗machine: span 593669–593679 |
| 2 | Section 01, Ron Gusek | DEF 14A | 2026-03-05 | 0001999371-26-005123 | Section “EXECUTIVE COMPENSATION TABLES” · page 27. As printed: 4,793,487. Filing ↗machine: r5 · c14 · span 606395–606404 |
| 3 | Section 01, Michael Stock | DEF 14A | 2026-03-05 | 0001999371-26-005123 | Section “EXECUTIVE COMPENSATION TABLES” · page 27. As printed: 3,672,551. Filing ↗ |
| 4 | Section 01, R. Sean Elliott | DEF 14A | 2026-03-05 | 0001999371-26-005123 | Section “EXECUTIVE COMPENSATION TABLES” · page 27. As printed: 2,717,223. Filing ↗ |
| 5 | Section 01, Ryan Gosney | DEF 14A | 2026-03-05 | 0001999371-26-005123 | Section “EXECUTIVE COMPENSATION TABLES” · page 27. As printed: 2,251,263. Filing ↗ |
| 6 | Section 03, R. Sean Elliott RSU | DEF 14A | 2026-03-05 | 0001999371-26-005123 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t61 · r14 · c26 · span 749665–749674 |
| 7 | Section 03, Ryan Gosney PSU | DEF 14A | 2026-03-05 | 0001999371-26-005123 | Section “EXECUTIVE COMPENSATION TABLES” · grants of plan-based awards table. Filing ↗machine: t61 · r16 · c26 · span 762905–762912 |
| 8 | Section 03, Ron Gusek RSU | DEF 14A | — | 0001999371-26-005123 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗ |
| 9 | Section 03, Ron Gusek PSU | DEF 14A | — | 0001999371-26-005123 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗ |
| 10 | Section 03, R. Sean Elliott PSU | DEF 14A | 2026-03-05 | 0001999371-26-005123 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t61 · r13 · c26 · span 743410–743417 |
| 11 | Section 03, Christopher Wright RSU | DEF 14A | 2026-03-05 | 0001999371-26-005123 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t61 · r4 · c24 · span 685391–685401 |
| 12 | Section 03, Ron Gusek PSU | DEF 14A | 2026-03-05 | 0001999371-26-005123 | Section “EXECUTIVE COMPENSATION TABLES” · grants of plan-based awards table. Filing ↗machine: t61 · r7 · c26 · span 704450–704459 |
| 13 | Section 03, Ryan Gosney RSU | DEF 14A | 2026-03-05 | 0001999371-26-005123 | Section “EXECUTIVE COMPENSATION TABLES” · grants of plan-based awards table. Filing ↗machine: t61 · r16 · c26 · span 762905–762912 |
| 14 | Section 03, Ron Gusek RSU | DEF 14A | 2026-03-05 | 0001999371-26-005123 | Section “EXECUTIVE COMPENSATION TABLES” · grants of plan-based awards table. Filing ↗machine: t61 · r7 · c26 · span 704450–704459 |
| 15 | Section 07, pay ratio | DEF 14A | 2026-03-05 | 0001999371-26-005123 | Section “CEO Pay Ratio”. As printed: 37 : 1. Filing ↗ |
| 16 | Section 08, William F. Kimble | DEF 14A | 2026-03-05 | 0001999371-26-005123 | Section “Director Compensation”. As printed: 454,228. Filing ↗machine: span 981831–981838 |
| 17 | Section 08, Peter A. Dea | DEF 14A | 2026-03-05 | 0001999371-26-005123 | Section “Director Compensation”. As printed: 316,103. Filing ↗machine: span 978667–978674 |
| 18 | Section 08, Gale A. Norton | DEF 14A | 2026-03-05 | 0001999371-26-005123 | Section “Director Compensation”. As printed: 316,103. Filing ↗machine: span 991339–991346 |
| 19 | Section 08, Cary D. Steinbeck | DEF 14A | 2026-03-05 | 0001999371-26-005123 | Section “Director Compensation”. As printed: 313,603. Filing ↗machine: span 997756–997763 |
| 20 | Section 08, Simon Ayat | DEF 14A | 2026-03-05 | 0001999371-26-005123 | Section “Director Compensation”. As printed: 306,103. Filing ↗machine: span 972337–972344 |
| 21 | Section 08, Ken Babcock | DEF 14A | 2026-03-05 | 0001999371-26-005123 | Section “Director Compensation”. As printed: 303,603. Filing ↗machine: span 975353–975360 |
| 22 | Section 08, Arjun Murti | DEF 14A | 2026-03-05 | 0001999371-26-005123 | Section “Director Compensation”. As printed: 278,311. Filing ↗machine: span 988023–988030 |
| 23 | Section 08, Audrey Robertson | DEF 14A | 2026-03-05 | 0001999371-26-005123 | Section “Director Compensation”. As printed: 240,802. Filing ↗ |
| 24 | Section 08, Alice Yake | DEF 14A | 2026-03-05 | 0001999371-26-005123 | Section “Director Compensation”. As printed: 58,713. Filing ↗machine: span 1000692–1000698 |
| 25 | Section 08, Ron Gusek | DEF 14A | 2026-03-05 | 0001999371-26-005123 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 26 | Section 08, Christopher A. Wright | DEF 14A | 2026-03-05 | 0001999371-26-005123 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 27 | Section 08, James R. McDonald | DEF 14A | 2026-03-05 | 0001999371-26-005123 | Section “Director Compensation”. As printed: 0. Filing ↗machine: t71 · r6 · c10 · span 984985–984987 |
| 28 | Section 06, 2026 vote | Form 8-K | 2026-04-17 | 0001694028-26-000016 | Item 5.07 · say-on-pay result. As reported: 98.32% (votes for as printed: 137,886,808). Filing ↗ |
| 29 | Section 06, 2025 vote | Form 8-K | 2025-04-21 | 0001694028-25-000088 | Item 5.07 · say-on-pay result. As reported: 98.41% (votes for as printed: 139,465,988). Filing ↗ |
| 30 | Section 06, 2024 vote | Form 8-K | 2024-04-19 | 0001694028-24-000034 | Item 5.07 · say-on-pay result. As reported: 98.27% (votes for as printed: 145,842,406). Filing ↗ |
| 31 | Section 03b vehicle mix (computed) | 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 |
| 32 | Section 09b board cost (computed) | Computed | — | computed | Cash 950,556 + equity 1,637,013 + all other 0 = 2,587,569, summed across the director compensation table rows.machine: formula: Σ = 2,587,569 |
| 33 | Halliburton Company, Section 10b CEO total | DEF 14A | 2026-03-31 | 0000045012-26-000033 | CEO total compensation as printed in Halliburton Company's own proxy. As printed: 16,525,407. Filing ↗machine: t159 · r2 · c18 · span 2610544–2610554 |
| 34 | Patterson-UTI Energy, Inc., Section 10b CEO total | DEF 14A | 2026-04-13 | 0000889900-26-000020 | CEO total compensation as printed in Patterson-UTI Energy, Inc.'s own proxy. As printed: 12,077,321. Filing ↗machine: span 571078–571088 |
| 35 | Helmerich & Payne, Inc., Section 10b CEO total | DEF 14A | 2026-01-22 | 0001104659-26-005786 | CEO total compensation as printed in Helmerich & Payne, Inc.'s own proxy. As printed: 9,010,799. Filing ↗machine: r1 · c42 · span 1420313–1420322 |
| 36 | Liberty Energy (subject), Section 10b CEO total | DEF 14A | 2026-03-05 | 0001999371-26-005123 | CEO total compensation as printed in Liberty Energy's own proxy. As printed: 4,793,487. Filing ↗machine: r5 · c14 · span 606395–606404 |
| 37 | RPC, Inc., Section 10b CEO total | DEF 14A | 2026-03-18 | 0001104659-26-030766 | CEO total compensation as printed in RPC, Inc.'s own proxy. As printed: 3,192,075. Filing ↗machine: t142 · r9 · c14 · span 742140–742149 |
| 38 | ProFrac Holding Corp., Section 10b CEO total | DEF 14A | 2026-04-27 | 0001104659-26-049044 | CEO total compensation as printed in ProFrac Holding Corp.'s own proxy. As printed: 1,382,583. Filing ↗machine: r3 · c35 · span 312739–312748 |
| 39 | Section 10a, Patterson-UTI Energy, Inc. reciprocity | DEF 14A | — | 0001628280-25-017335 | Patterson-UTI Energy, Inc. names Liberty Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 40 | Section 10a, Helmerich & Payne, Inc. reciprocity | DEF 14A | — | 0001104659-26-005786 | Helmerich & Payne, Inc.'s most recent proxy was read; its disclosed peer group does not include Liberty Energy. Filing ↗ |
| 41 | Section 10a, Halliburton Company reciprocity | DEF 14A | — | 0000045012-26-000033 | Halliburton Company names Liberty Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗ |