Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-07

National Energy Services Reunited (NESR)

CEO Sherif Foda was paid $2,268,000 in fiscal year 2025, the 1st percentile of its disclosed peer group (SEC filing 0001493152-26-012394 ↗): 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.

$2,268,000
Sherif Foda total, FY2025
1st
CEO pay percentile vs peers
—
CEO-to-median pay ratio
98.22%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Sherif Foda (Chairman & Chief Executive Officer), FY2025 total compensation $2,268,000 (base salary $840,000) [exec_comp, SEC accession 0001493152-26-012394, filed 2026-03-24]

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

NESR's next annual pay disclosure, estimated March 24, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Sherif Foda$840,000$0$0$0$1,428,000$0$0$2,268,000
Chairman & Chief Executive Officer
Stefan Angeli450,0000689,0000562,500001,701,500
Chief Financial Officer
Naif Hadrami272,0040413,4000305,2220108,2001,098,826
Vice President
Jennifer Howard315,0000206,7000000521,700
General Counsel

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
Sherif Foda$2,268,000———
Stefan Angeli1,701,500———
Naif Hadrami1,098,826———
Jennifer Howard521,700———

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 NESR
No companies currently name NESR as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

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
Andrew WaiteIndependent Director$138,900
Anthony (Tony) R. ChaseIndependent Director$168,350
Antonio Campo MejiaIndependent Director$133,900
Lisa PollinaIndependent Director$59,450
Yousef Al NowaisIndependent Director$118,900
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Stefan AngeliRSU100,000—$1,566,000
05

Incentive-plan design — the Compensation Discussion & Analysis

NESR seeks to provide competitive pay opportunities to attract and retain the executive talent needed to execute our business strategy. Our programs are underpinned by a philosophy of pay for performance and shareholder alignment. A majority of NEO pay is variable with value at risk for operational, financial and stock price performance, ensuring that realized compensation outcomes are aligned with our ability to deliver on our business objectives and to grow shareholder value.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantMeridian Compensation Partners, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-0765,237,2331,182,28325,16898.22%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
20262026-05-0798.22%a

a. Voting standard not stated in the filing.

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
Anthony (Tony) R. ChaseIndependent · Compensation · Nominating/Governance (Chair) · Audit$65,000$103,350$0—$0$168,350
Andrew WaiteIndependent · Compensation · Nominating/Governance · Audit70,00068,9000—0138,900
Antonio Campo MejiaIndependent · Compensation (Chair) · Nominating/Governance · Audit65,00068,9000—0133,900
Yousef Al NowaisIndependent50,00068,900———118,900
Lisa PollinaIndependent · Compensation · Nominating/Governance · Audit (Chair)25,00034,4500—059,450
Sherif FodaEmployee director · Board Chair—————0
09

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer$100,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 15,000
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$275,000
Equity awards (grant-date value)$344,500
All other compensation$0
Total cost of the board$619,500

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 National Energy Services Reunited 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 National Energy Services Reunited.

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
1Nabors Industries Ltd.2025Anthony Petrello$1,750,000$5,352,354$0$2,049,275$29,636,103
2Patterson-UTI Energy, Inc.2025William Hendricks1,300,0008,497,99102,264,33012,077,321
3ProPetro Holding Corp.2025Samuel Sledge975,0004,391,41001,137,5006,539,712
4TETRA Technologies2025Brady Murphy735,0001,325,33303,061,8255,133,908
5Oil States International, Inc.2025Cindy Taylor925,0002,400,00301,654,2445,079,386
6Core Laboratories Inc.2025Lawrence Bruno886,9123,505,1050351,2174,980,491
7Select Water Solutions, Inc.2025John Schmitz800,0003,245,5260681,3524,876,029
8Liberty Energy Inc.2025Ron Gusek591,2822,943,85501,057,7184,793,487
9Cactus, Inc.2025Scott Bender450,0001,821,6340222,7882,524,459
10National Energy Services Reunited2025Sherif Foda840,000001,428,0002,268,000

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
National Energy Services Reunitednot disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
Cactus, Inc.not disclosedPSU 50 · RSU 50not disclosedPearl Meyer & Partners, LLC
Core Laboratories Inc.not disclosednot disclosednot disclosednot disclosed
Liberty Energy Inc.not disclosednot disclosedNoCBIZ Inc.
Nabors Industries Ltd.not disclosednot disclosedYes — Relative Total Shareholder Return (TSR)Pay Governance
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
ProPetro Holding Corp.not disclosedRSU 50 · PSU 50not disclosedPearl Meyer
Select Water Solutions, Inc.88.1%RSU 50 · PSU 50Yes — Relative Total Shareholder Return (TSR)Meridian Compensation Partners
TETRA Technologiesnot disclosedRSU 50 · LTIP Units 50not disclosedPay Governance 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 National Energy Services Reunited in fiscal 2025?
As disclosed, Sherif Foda (Chairman & Chief Executive Officer) was the highest-paid executive at National Energy Services Reunited in fiscal 2025, with total compensation of $2,268,000.
How does National Energy Services Reunited's chief executive pay compare to its disclosed peer group?
As disclosed, Sherif Foda's total compensation ranked at the 1st percentile of National Energy Services Reunited's disclosed peer group.
How did shareholders vote on National Energy Services Reunited's executive compensation?
As disclosed, 98.22% of shareholders supported National Energy Services Reunited's executive compensation in the latest say-on-pay vote.
How much does National Energy Services Reunited spend in total on board compensation for fiscal 2025?
As disclosed, National Energy Services Reunited reported total board compensation of $619,500 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, Sherif FodaDEF 14A2026-03-240001493152-26-012394Section “Executive Compensation”. As printed: 2,268,000. Filing ↗machine: r1 · c42 · span 500808–500817
2Section 01, Stefan AngeliDEF 14A2026-03-240001493152-26-012394Section “Executive Compensation”. As printed: 1,701,500. Filing ↗machine: r5 · c42 · span 513290–513299
3Section 01, Naif HadramiDEF 14A2026-03-240001493152-26-012394Section “Executive Compensation”. As printed: 1,098,826. Filing ↗machine: r17 · c42 · span 550388–550397
4Section 01, Jennifer HowardDEF 14A2026-03-240001493152-26-012394Section “Executive Compensation”. As printed: 521,700. Filing ↗machine: r9 · c42 · span 525692–525699
5Section 08, Anthony (Tony) R. ChaseDEF 14A2026-03-240001493152-26-012394Section “Director Compensation”. As printed: 168,350. Filing ↗machine: span 669285–669292
6Section 08, Andrew WaiteDEF 14A2026-03-240001493152-26-012394Section “Director Compensation”. As printed: 138,900. Filing ↗machine: span 670170–670177
7Section 08, Antonio Campo MejiaDEF 14A2026-03-240001493152-26-012394Section “Director Compensation”. As printed: 133,900. Filing ↗machine: span 668352–668359
8Section 08, Yousef Al NowaisDEF 14A2026-03-240001493152-26-012394Section “Director Compensation”. As printed: 118,900. Filing ↗machine: span 667424–667431
9Section 08, Lisa PollinaDEF 14A2026-03-240001493152-26-012394Section “Director Compensation”. As printed: 59,450. Filing ↗machine: span 671066–671072
10Section 08, Sherif FodaDEF 14A2026-03-240001493152-26-012394Section “Director Compensation”. As printed: 0. Filing ↗
11Section 06, 2026 voteForm 8-K2026-05-070001493152-26-021759Item 5.07 · say-on-pay result. As reported: 98.22%. Filing ↗
12Section 09b board cost (computed)Computed——Cash 275,000 + equity 344,500 + all other 0 = 619,500, summed across the director compensation table rows.machine: formula: Σ = 619,500
13Nabors Industries Ltd., Section 10b CEO totalDEF 14A2026-04-220001140361-26-016154CEO total compensation as printed in Nabors Industries Ltd.'s own proxy. As printed: 29,636,103. Filing ↗machine: r2 · c25 · span 1447823–1447833
14Patterson-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
15ProPetro 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
16TETRA Technologies, Section 10b CEO totalDEF 14A2026-04-090000844965-26-000026CEO total compensation as printed in TETRA Technologies's own proxy. As printed: 5,133,908. Filing ↗machine: span 841633–841642
17Oil 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
18Core Laboratories Inc., Section 10b CEO totalDEF 14A2026-03-310001193125-26-134986CEO total compensation as printed in Core Laboratories Inc.'s own proxy. As printed: 4,980,491. Filing ↗machine: r2 · c20 · span 793587–793596
19Select Water Solutions, Inc., Section 10b CEO totalDEF 14A2026-03-240001104659-26-033864CEO total compensation as printed in Select Water Solutions, Inc.'s own proxy. As printed: 4,876,029. Filing ↗machine: span 1041295–1041304
20Liberty Energy Inc., Section 10b CEO totalDEF 14A2026-03-050001999371-26-005123CEO total compensation as printed in Liberty Energy Inc.'s own proxy. As printed: 4,793,487. Filing ↗machine: r5 · c14 · span 606395–606404
21Cactus, Inc., Section 10b CEO totalDEF 14A2026-03-310001628280-26-022453CEO total compensation as printed in Cactus, Inc.'s own proxy. As printed: 2,524,459. Filing ↗machine: span 346833–346842
22National Energy Services Reunited (subject), Section 10b CEO totalDEF 14A2026-03-240001493152-26-012394CEO total compensation as printed in National Energy Services Reunited's own proxy. As printed: 2,268,000. Filing ↗machine: r1 · c42 · span 500808–500817
23Section 10a, Core Laboratories Inc. reciprocityDEF 14A—0001193125-26-134986Core Laboratories Inc.'s most recent proxy was read; its disclosed peer group does not include National Energy Services Reunited. Filing ↗
24Section 10a, Liberty Energy Inc. reciprocityDEF 14A—0001999371-26-005123Liberty Energy Inc.'s most recent proxy was read; its disclosed peer group does not include National Energy Services Reunited. Filing ↗
25Section 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 National Energy Services Reunited. Filing ↗
26Section 10a, ProPetro Holding Corp. reciprocityDEF 14A—0001104659-26-040891ProPetro Holding Corp.'s most recent proxy was read; its disclosed peer group does not include National Energy Services Reunited. Filing ↗
27Section 10a, TETRA Technologies reciprocityDEF 14A—0000844965-26-000026TETRA Technologies's most recent proxy was read; its disclosed peer group does not include National Energy Services Reunited. Filing ↗
28Section 10a, Select Water Solutions, Inc. reciprocityDEF 14A—0001104659-26-033864Select Water Solutions, Inc.'s most recent proxy was read; its disclosed peer group does not include National Energy Services Reunited. Filing ↗
29Section 10a, Cactus, Inc. reciprocityDEF 14A—0001628280-26-022453Cactus, Inc.'s most recent proxy was read; its disclosed peer group does not include National Energy Services Reunited. Filing ↗
30Section 10a, Nabors Industries Ltd. reciprocityDEF 14A—0001140361-26-016154Nabors Industries Ltd.'s most recent proxy was read; its disclosed peer group does not include National Energy Services Reunited. Filing ↗
31Section 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 National Energy Services Reunited. Filing ↗