Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-27

Liberty Energy (LBRT)

CEO Ron Gusek was paid $4,793,487 in fiscal year 2025, ↑ up 56.5% from fiscal year 2024, the 29th percentile of its disclosed peer group (SEC filing 0001999371-26-005123 ↗): 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.

$16,715,954
Christopher Wright total, FY2025
Former Chairman of the Board & Former Chief Executive Officer — highest-paid officer; CEO Ron Gusek: $4,793,487
29th
CEO (Ron Gusek) pay percentile vs peers
37:1
CEO-to-median pay ratio
98.32%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Ron Gusek (Chief Executive Officer & President), FY2025 total compensation $4,793,487 (base salary $591,282) [exec_comp, SEC accession 0001999371-26-005123, filed 2026-03-05]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

LBRT's next annual pay disclosure, estimated March 4, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
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 Gusek591,282179,6322,943,85501,057,718021,0004,793,487
Chief Executive Officer & President
Michael Stock460,916127,9262,309,4490753,260021,0003,672,551
Chief Financial Officer & Treasurer
R. Sean Elliott452,70499,2921,559,5710584,656021,0002,717,223
Chief Legal Officer & Corporate Secretary
Ryan Gosney339,84690,0001,270,4740529,943021,0002,251,263
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.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Christopher Wright$16,715,954$5,836,488$5,628,100↑ +10,879,466
Ron Gusek4,793,4873,062,5382,968,292↑ +1,730,949
Michael Stock3,672,5512,949,4032,854,828↑ +723,148
R. Sean Elliott2,717,2232,119,6162,054,504↑ +597,607
Ryan Gosney2,251,2631,515,2641,435,029↑ +735,999

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 LBRT
12 companies name LBRT as a compensation peer

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

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
Alice YakeIndependent Director$58,713
Arjun MurtiIndependent Director$278,311
Audrey RobertsonIndependent Director$240,802
Cary D. SteinbeckIndependent Director$313,603
Gale A. NortonIndependent Director$316,103
James R. McDonaldIndependent Director—
Ken BabcockIndependent Director$303,603
Peter A. DeaIndependent Director$316,103
Simon AyatIndependent Director$306,103
William F. KimbleChair of the Board$454,228
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
Ron GusekRSU2025-01-22——52,085—$1,154,724
R. Sean ElliottRSU2025-01-22——47,132—1,044,916
Ron GusekPSU2025-02-0340,84281,683—163,3661,471,928
Ryan GosneyPSU2025-01-2214,32728,653—57,306635,237
Ron GusekPSU2025-01-2226,04352,085—104,1701,154,724
R. Sean ElliottPSU2025-01-2211,60723,214—46,428514,654
Christopher WrightRSU2025-01-15——733,597—16,630,644
Ryan GosneyRSU2025-01-22——28,653—635,237
Ron GusekRSU2025-02-03——81,683—1,471,928
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Ron Gusek$2,626,652$2,626,652$050.0%
R. Sean Elliott1,044,916514,654033.0%
Ryan Gosney635,237635,237050.0%
Christopher Wright16,630,644000.0%

% 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
Ryan GosneyRSU17,782—$328,256
Ron GusekPSU163,366—3,015,736
Ron GusekPSU102,914—1,899,792
Ron GusekPSU99,204—1,831,306
Ron GusekRSU81,683—1,507,868
Ryan GosneyPSU57,306—1,057,869
R. Sean ElliottRSU47,132—870,057
R. Sean ElliottPSU46,428—857,061
R. Sean ElliottPSU42,050—776,243
R. Sean ElliottPSU40,532—748,221
Ron GusekRSU33,068—610,435
Ryan GosneyRSU28,653—528,934
R. Sean ElliottRSU27,431—506,376
Ryan GosneyPSU26,274—485,018
Ryan GosneyPSU26,124—482,249
Ron GusekRSU17,153—316,644
R. Sean ElliottRSU14,229—262,667
Ryan GosneyRSU8,840—163,186
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation program is designed to support a strong governance model and align executive compensation with the Company's performance and long-term success.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantCBIZ Inc.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-14137,886,8081,961,138388,25498.32%Passed
20252025-04-15139,465,9882,110,215137,59998.41%Passed
20242024-04-16145,842,4062,301,691271,51198.27%Passed
20232023-04-18139,251,5312,498,669158,71298.13%Passed
20222022-04-19159,712,8332,844,95611,89398.24%Passed
20212021-04-20160,776,270671,71769,80599.54%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.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-04-1498.32%a
20252025-04-1598.41%b
20242024-04-1698.27%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.

07

CEO pay ratio

Ratio (CEO : median employee)37 : 1
CEO total compensation$4,793,487
Median employee compensation$128,701
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
William F. KimbleIndependent · Board Chair · Audit Committee (Chair)$185,000$269,228$0—$0$454,228
Peter A. DeaIndependent · Compensation Committee (Chair)120,000196,1030—0316,103
Gale A. NortonIndependent · Nominating and Governance Committee (Chair)120,000196,1030—0316,103
Cary D. SteinbeckIndependent · Audit · Compensation117,500196,1030—0313,603
Simon AyatIndependent · Audit110,000196,1030—0306,103
Ken BabcockIndependent · Compensation107,500196,1030—0303,603
Arjun MurtiIndependent94,167184,1440—0278,311
Audrey RobertsonIndependent75,000165,8020—0240,802
Alice YakeIndependent21,38937,3240—058,713
Christopher A. WrightEmployee director · Departed during FY000—00
Ron GusekEmployee director000—00
James R. McDonaldIndependent · Compensation000—00
09

Board fee structure and ownership guideline

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 guideline5x annual Board cash retainer
09b

Total cost of the board

ComponentFY2025
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.

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 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.

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
1Halliburton Company2025Jeffrey Miller$1,700,000$7,992,782$0$5,944,836$16,525,407
2Patterson-UTI Energy, Inc.2025William Hendricks1,300,0008,497,99102,264,33012,077,321
3Helmerich & Payne, Inc.2025John Lindsay1,179,9095,749,95701,559,0169,010,799
4ProPetro Holding Corp.2025Samuel Sledge975,0004,391,41001,137,5006,539,712
5Oil States International, Inc.2025Cindy Taylor925,0002,400,00301,654,2445,079,386
6Liberty Energy2025Ron Gusek591,2822,943,85501,057,7184,793,487
7RPC, Inc.2025Ben Palmer618,0001,388,26501,155,6603,192,075
8ProFrac Holding Corp.2025Johnathan Wilks475,000780,488047,5001,382,583

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
Liberty Energynot disclosednot disclosedNoCBIZ Inc.
Halliburton Companynot disclosednot disclosedYes — Total Shareholder Return (TSR)not disclosed
Helmerich & Payne, Inc.109.09%PSU 50 · RSU 50Yes — Total Stockholder Return (TSR)Willis Towers Watson
Oil States International, Inc.not disclosedRSU 50 · PRSU 25 · Cash Performance Award 25not disclosedMeridian Compensation Partners
Patterson-UTI Energy, Inc.not disclosedPSU 50 · RSU 50Yes — Total Stockholder Return (TSR)Pay Governance LLC
ProFrac Holding Corp.not disclosedPSU 60 · RSU 40Nonot disclosed
ProPetro Holding Corp.not disclosedRSU 50 · PSU 50not disclosedPearl Meyer
RPC, Inc.187%RSU 75 · PSU 25NoMercer, 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.

10d

Frequently asked questions

Who was the highest-paid executive at Liberty Energy in fiscal 2025?
As disclosed, Christopher Wright (Former Chairman of the Board & Former Chief Executive Officer) was the highest-paid executive at Liberty Energy in fiscal 2025, with total compensation of $16,715,954.
How does Liberty Energy's chief executive pay compare to its disclosed peer group?
As disclosed, Ron Gusek's total compensation ranked at the 29th percentile of Liberty Energy's disclosed peer group.
What is Liberty Energy's CEO-to-median employee pay ratio?
As disclosed, Liberty Energy's CEO-to-median employee pay ratio was 37:1.
How did shareholders vote on Liberty Energy's executive compensation?
As disclosed, 98.32% of shareholders supported Liberty Energy's executive compensation in the latest say-on-pay vote.
How much does Liberty Energy spend in total on board compensation for fiscal 2025?
As disclosed, Liberty Energy reported total board compensation of $2,587,569 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, Christopher WrightDEF 14A2026-03-050001999371-26-005123Section “EXECUTIVE COMPENSATION TABLES” · page 27. As printed: 16,715,954. Filing ↗machine: r2 · c14 · span 593669–593679
2Section 01, Ron GusekDEF 14A2026-03-050001999371-26-005123Section “EXECUTIVE COMPENSATION TABLES” · page 27. As printed: 4,793,487. Filing ↗machine: r5 · c14 · span 606395–606404
3Section 01, Michael StockDEF 14A2026-03-050001999371-26-005123Section “EXECUTIVE COMPENSATION TABLES” · page 27. As printed: 3,672,551. Filing ↗
4Section 01, R. Sean ElliottDEF 14A2026-03-050001999371-26-005123Section “EXECUTIVE COMPENSATION TABLES” · page 27. As printed: 2,717,223. Filing ↗
5Section 01, Ryan GosneyDEF 14A2026-03-050001999371-26-005123Section “EXECUTIVE COMPENSATION TABLES” · page 27. As printed: 2,251,263. Filing ↗
6Section 03, Ron Gusek RSUDEF 14A—0001999371-26-005123Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
7Section 03, R. Sean Elliott RSUDEF 14A2026-03-050001999371-26-005123Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t61 · r14 · c26 · span 749665–749674
8Section 03, Ron Gusek PSUDEF 14A2026-03-050001999371-26-005123Section “EXECUTIVE COMPENSATION TABLES” · grants of plan-based awards table. Filing ↗machine: t61 · r7 · c26 · span 704450–704459
9Section 03, Ryan Gosney PSUDEF 14A2026-03-050001999371-26-005123Section “EXECUTIVE COMPENSATION TABLES” · grants of plan-based awards table. Filing ↗machine: t61 · r16 · c26 · span 762905–762912
10Section 03, Ron Gusek PSUDEF 14A—0001999371-26-005123Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
11Section 03, R. Sean Elliott PSUDEF 14A2026-03-050001999371-26-005123Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t61 · r13 · c26 · span 743410–743417
12Section 03, Christopher Wright RSUDEF 14A2026-03-050001999371-26-005123Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t61 · r4 · c24 · span 685391–685401
13Section 03, Ryan Gosney RSUDEF 14A2026-03-050001999371-26-005123Section “EXECUTIVE COMPENSATION TABLES” · grants of plan-based awards table. Filing ↗machine: t61 · r16 · c26 · span 762905–762912
14Section 03, Ron Gusek RSUDEF 14A2026-03-050001999371-26-005123Section “EXECUTIVE COMPENSATION TABLES” · grants of plan-based awards table. Filing ↗machine: t61 · r7 · c26 · span 704450–704459
15Section 07, pay ratioDEF 14A2026-03-050001999371-26-005123Section “CEO Pay Ratio”. As printed: 37 : 1. Filing ↗
16Section 08, William F. KimbleDEF 14A2026-03-050001999371-26-005123Section “Director Compensation”. As printed: 454,228. Filing ↗machine: span 981656–981850
17Section 08, Peter A. DeaDEF 14A2026-03-050001999371-26-005123Section “Director Compensation”. As printed: 316,103. Filing ↗machine: span 978492–978686
18Section 08, Gale A. NortonDEF 14A2026-03-050001999371-26-005123Section “Director Compensation”. As printed: 316,103. Filing ↗machine: span 991164–991358
19Section 08, Cary D. SteinbeckDEF 14A2026-03-050001999371-26-005123Section “Director Compensation”. As printed: 313,603. Filing ↗machine: span 997581–997775
20Section 08, Simon AyatDEF 14A2026-03-050001999371-26-005123Section “Director Compensation”. As printed: 306,103. Filing ↗machine: span 972162–972356
21Section 08, Ken BabcockDEF 14A2026-03-050001999371-26-005123Section “Director Compensation”. As printed: 303,603. Filing ↗machine: span 975178–975372
22Section 08, Arjun MurtiDEF 14A2026-03-050001999371-26-005123Section “Director Compensation”. As printed: 278,311. Filing ↗machine: span 987848–988042
23Section 08, Audrey RobertsonDEF 14A2026-03-050001999371-26-005123Section “Director Compensation”. As printed: 240,802. Filing ↗
24Section 08, Alice YakeDEF 14A2026-03-050001999371-26-005123Section “Director Compensation”. As printed: 58,713. Filing ↗machine: span 1000517–1000710
25Section 08, Christopher A. WrightDEF 14A2026-03-050001999371-26-005123Section “Director Compensation”. As printed: 0. Filing ↗
26Section 08, Ron GusekDEF 14A2026-03-050001999371-26-005123Section “Director Compensation”. As printed: 0. Filing ↗
27Section 08, James R. McDonaldDEF 14A2026-03-050001999371-26-005123Section “Director Compensation”. As printed: 0. Filing ↗
28Section 06, 2026 voteForm 8-K2026-04-170001694028-26-000016Item 5.07 · say-on-pay result. As reported: 98.32% (votes for as printed: 137,886,808). Filing ↗
29Section 06, 2025 voteForm 8-K2025-04-210001694028-25-000088Item 5.07 · say-on-pay result. As reported: 98.41% (votes for as printed: 139,465,988). Filing ↗
30Section 06, 2024 voteForm 8-K2024-04-190001694028-24-000034Item 5.07 · say-on-pay result. As reported: 98.27% (votes for as printed: 145,842,406). Filing ↗
31Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
32Section 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).machine: formula: sums + PSU ratio
33Section 09b board cost (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
34Halliburton Company, Section 10b CEO totalDEF 14A2026-03-310000045012-26-000033CEO total compensation as printed in Halliburton Company's own proxy. As printed: 16,525,407. Filing ↗machine: r2 · c18 · span 2610544–2610554
35Patterson-UTI Energy, Inc., Section 10b CEO totalDEF 14A2026-04-130000889900-26-000020CEO total compensation as printed in Patterson-UTI Energy, Inc.'s own proxy. As printed: 12,077,321. Filing ↗machine: span 571078–571088
36Helmerich & Payne, Inc., Section 10b CEO totalDEF 14A2026-01-220001104659-26-005786CEO total compensation as printed in Helmerich & Payne, Inc.'s own proxy. As printed: 9,010,799. Filing ↗machine: r1 · c42 · span 1420313–1420322
37ProPetro Holding Corp., Section 10b CEO totalDEF 14A2026-04-080001104659-26-040891CEO total compensation as printed in ProPetro Holding Corp.'s own proxy. As printed: 6,539,712. Filing ↗machine: r1 · c48 · span 1147235–1147244
38Oil States International, Inc., Section 10b CEO totalDEF 14A2026-03-270001121484-26-000017CEO total compensation as printed in Oil States International, Inc.'s own proxy. As printed: 5,079,386. Filing ↗machine: r2 · c21 · span 888287–888296
39Liberty Energy (subject), Section 10b CEO totalDEF 14A2026-03-050001999371-26-005123CEO total compensation as printed in Liberty Energy's own proxy. As printed: 4,793,487. Filing ↗machine: r5 · c14 · span 606395–606404
40RPC, Inc., Section 10b CEO totalDEF 14A2026-03-180001104659-26-030766CEO total compensation as printed in RPC, Inc.'s own proxy. As printed: 3,192,075. Filing ↗machine: t142 · r9 · c14 · span 742140–742149
41ProFrac Holding Corp., Section 10b CEO totalDEF 14A2026-04-270001104659-26-049044CEO total compensation as printed in ProFrac Holding Corp.'s own proxy. As printed: 1,382,583. Filing ↗machine: r3 · c35 · span 312739–312748
42Section 10a, Halliburton Company reciprocityDEF 14A—0000045012-26-000033Halliburton Company names Liberty Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗
43Section 10a, ProPetro Holding Corp. reciprocityDEF 14A—0001104659-26-040891ProPetro Holding Corp.'s most recent proxy was read; its disclosed peer group does not include Liberty Energy. Filing ↗
44Section 10a, Patterson-UTI Energy, Inc. reciprocityDEF 14A—0001628280-25-017335Patterson-UTI Energy, Inc.'s most recent proxy was read; its disclosed peer group does not include Liberty Energy. Filing ↗
45Section 10a, ProFrac Holding Corp. reciprocityDEF 14A—0001193125-24-102896ProFrac Holding Corp. names Liberty Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗
46Section 10a, Oil States International, Inc. reciprocityDEF 14A—0001121484-26-000017Oil States International, Inc.'s most recent proxy was read; its disclosed peer group does not include Liberty Energy. Filing ↗
47Section 10a, Helmerich & Payne, Inc. reciprocityDEF 14A—0001104659-26-005786Helmerich & Payne, Inc.'s most recent proxy was read; its disclosed peer group does not include Liberty Energy. Filing ↗

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