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.
This is the complete answer, not a partial one — the list is never padded.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Sherif Foda | $840,000 | $0 | $0 | $0 | $1,428,000 | $0 | $0 | $2,268,000 |
| Chairman & Chief Executive Officer | ||||||||
| Stefan Angeli | 450,000 | 0 | 689,000 | 0 | 562,500 | 0 | 0 | 1,701,500 |
| Chief Financial Officer | ||||||||
| Jennifer Howard | 315,000 | 0 | 206,700 | 0 | 0 | 0 | 0 | 521,700 |
| 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Sherif Foda | $2,268,000 | — | — | — |
| Stefan Angeli | 1,701,500 | — | — | — |
| Jennifer Howard | 521,700 | — | — | — |
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 | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Stefan Angeli | RSU | 100,000 | — | $1,566,000 |
| Amor | RSU | 66,667 | — | 1,044,005 |
| Al-Hadrami | RSU | 60,000 | — | 939,600 |
| Amor | RSU | 50,000 | — | 783,000 |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-07 | 65,237,233 | 1,182,283 | 25,168 | 98.22% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-05-07 | 98.22%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.
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Anthony (Tony) R. ChaseIndependent · Nominating/Governance (Chair) · Audit · Compensation | $65,000 | $103,350 | — | — | — | $168,350 |
| Andrew WaiteIndependent · Nominating/Governance · Audit · Compensation | 70,000 | 68,900 | — | — | — | 138,900 |
| Antonio Campo MejiaIndependent · Nominating/Governance · Audit · Compensation (Chair) | 65,000 | 68,900 | — | — | — | 133,900 |
| Yousef Al NowaisIndependent | 0 | 0 | — | — | — | 118,900 |
| Lisa PollinaIndependent · Nominating/Governance · Audit (Chair) · Compensation | 25,000 | 34,450 | — | — | — | 59,450 |
| Sherif FodaEmployee director | — | — | — | — | — | 0 |
| 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 | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $225,000 |
| Equity awards (grant-date value) | $275,600 |
| All other compensation | $0 |
| Total cost of the board | $500,600 |
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 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.
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 | Nabors Industries Ltd. | 2025 | Anthony Petrello | $1,750,000 | $5,352,354 | $0 | $2,049,275 | $29,636,103 |
| 2 | Patterson-UTI Energy, Inc. | 2025 | William Hendricks | 1,300,000 | 8,497,991 | 0 | 2,264,330 | 12,077,321 |
| 3 | Core Laboratories Inc. | 2025 | Lawrence Bruno | 886,912 | 3,505,105 | 0 | 351,217 | 4,980,491 |
| 4 | Select Water Solutions, Inc. | 2025 | John Schmitz | 800,000 | 3,245,526 | 0 | 681,352 | 4,876,029 |
| 5 | Liberty Energy Inc. | 2025 | Ron Gusek | 591,282 | 2,943,855 | 0 | 1,057,718 | 4,793,487 |
| 6 | National Energy Services Reunited | 2025 | Sherif Foda | 840,000 | 0 | 0 | 1,428,000 | 2,268,000 |
| — | TETRA Technologies | — | — | — | — | — | — | not in coverage universe |
| — | Cactus, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | ProPetro Holding Corp. | — | — | — | — | — | — | not in coverage universe |
| — | Oil States International, Inc. | — | — | — | — | — | — | 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 |
|---|---|---|---|---|
| National Energy Services Reunited | not disclosed | not disclosed | not disclosed | not disclosed |
| Cactus, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Core Laboratories Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Liberty Energy Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Nabors Industries Ltd. | not disclosed | not disclosed | Yes — Relative Total Shareholder Return (TSR) | Pay Governance |
| 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 |
| ProPetro Holding Corp. | not disclosed | not disclosed | not disclosed | not disclosed |
| Select Water Solutions, Inc. | 88.1% | RSU 50 · PSU 50 | Yes — Relative Total Shareholder Return (TSR) | Meridian Compensation Partners |
| TETRA Technologies | not disclosed | not disclosed | not disclosed | not 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.
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, Sherif Foda | DEF 14A | 2026-03-24 | 0001493152-26-012394 | Section “Executive Compensation”. As printed: 2,268,000. Filing ↗machine: r1 · c42 · span 500808–500817 |
| 2 | Section 01, Stefan Angeli | DEF 14A | 2026-03-24 | 0001493152-26-012394 | Section “Executive Compensation”. As printed: 1,701,500. Filing ↗machine: r5 · c42 · span 513290–513299 |
| 3 | Section 01, Jennifer Howard | DEF 14A | 2026-03-24 | 0001493152-26-012394 | Section “Executive Compensation”. As printed: 521,700. Filing ↗machine: r9 · c42 · span 525692–525699 |
| 4 | Section 08, Anthony (Tony) R. Chase | DEF 14A | 2026-03-24 | 0001493152-26-012394 | Section “Director Compensation”. As printed: 168,350. Filing ↗machine: span 669285–669292 |
| 5 | Section 08, Andrew Waite | DEF 14A | 2026-03-24 | 0001493152-26-012394 | Section “Director Compensation”. As printed: 138,900. Filing ↗machine: span 670170–670177 |
| 6 | Section 08, Antonio Campo Mejia | DEF 14A | 2026-03-24 | 0001493152-26-012394 | Section “Director Compensation”. As printed: 133,900. Filing ↗machine: span 668352–668359 |
| 7 | Section 08, Yousef Al Nowais | DEF 14A | 2026-03-24 | 0001493152-26-012394 | Section “Director Compensation”. As printed: 118,900. Filing ↗machine: span 667424–667431 |
| 8 | Section 08, Lisa Pollina | DEF 14A | 2026-03-24 | 0001493152-26-012394 | Section “Director Compensation”. As printed: 59,450. Filing ↗machine: span 671066–671072 |
| 9 | Section 08, Sherif Foda | DEF 14A | 2026-03-24 | 0001493152-26-012394 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 10 | Section 06, 2026 vote | Form 8-K | 2026-05-07 | 0001493152-26-021759 | Item 5.07 · say-on-pay result. As reported: 98.22%. Filing ↗ |
| 11 | Section 09b board cost (computed) | Computed | — | computed | Cash 225,000 + equity 275,600 + all other 0 = 500,600, summed across the director compensation table rows.machine: formula: Σ = 500,600 |
| 12 | Nabors Industries Ltd., Section 10b CEO total | DEF 14A | 2026-04-22 | 0001140361-26-016154 | CEO total compensation as printed in Nabors Industries Ltd.'s own proxy. As printed: 29,636,103. Filing ↗machine: r2 · c25 · span 1447823–1447833 |
| 13 | 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 |
| 14 | Core Laboratories Inc., Section 10b CEO total | DEF 14A | 2026-03-31 | 0001193125-26-134986 | CEO total compensation as printed in Core Laboratories Inc.'s own proxy. As printed: 4,980,491. Filing ↗machine: r2 · c20 · span 793587–793596 |
| 15 | Select Water Solutions, Inc., Section 10b CEO total | DEF 14A | 2026-03-24 | 0001104659-26-033864 | CEO total compensation as printed in Select Water Solutions, Inc.'s own proxy. As printed: 4,876,029. Filing ↗machine: span 1041295–1041304 |
| 16 | Liberty Energy Inc., Section 10b CEO total | DEF 14A | 2026-03-05 | 0001999371-26-005123 | CEO total compensation as printed in Liberty Energy Inc.'s own proxy. As printed: 4,793,487. Filing ↗machine: r5 · c14 · span 606395–606404 |
| 17 | National Energy Services Reunited (subject), Section 10b CEO total | DEF 14A | 2026-03-24 | 0001493152-26-012394 | CEO total compensation as printed in National Energy Services Reunited's own proxy. As printed: 2,268,000. Filing ↗machine: r1 · c42 · span 500808–500817 |
| 18 | Section 10a, Select Water Solutions, Inc. reciprocity | DEF 14A | — | 0001104659-26-033864 | Select Water Solutions, Inc.'s most recent proxy was read; its disclosed peer group does not include National Energy Services Reunited. Filing ↗ |
| 19 | Section 10a, Core Laboratories Inc. reciprocity | DEF 14A | — | 0001193125-26-134986 | Core Laboratories Inc.'s most recent proxy was read; its disclosed peer group does not include National Energy Services Reunited. Filing ↗ |
| 20 | Section 10a, Liberty Energy Inc. reciprocity | DEF 14A | — | 0001999371-26-005123 | Liberty Energy Inc.'s most recent proxy was read; its disclosed peer group does not include National Energy Services Reunited. Filing ↗ |
| 21 | Section 10a, Nabors Industries Ltd. reciprocity | DEF 14A | — | 0001140361-26-016154 | Nabors Industries Ltd.'s most recent proxy was read; its disclosed peer group does not include National Energy Services Reunited. Filing ↗ |
| 22 | Section 10a, Patterson-UTI Energy, Inc. reciprocity | DEF 14A | — | 0001628280-25-017335 | Patterson-UTI Energy, Inc.'s most recent proxy was read; its disclosed peer group does not include National Energy Services Reunited. Filing ↗ |