Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2026-04-08

Nine Energy Service (NINE)

CEO Ann Fox was paid $2,022,618 in fiscal year 2024, the 1st percentile of its disclosed peer group (SEC filing 0001193125-25-048494 ↗): 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.

$2,022,618
Ann Fox total, FY2024
1st
CEO pay percentile vs peers
—
CEO-to-median pay ratio
92.26%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Ann Fox (President and Chief Executive Officer), FY2024 total compensation $2,022,618 (base salary $726,923) [exec_comp, SEC accession 0001193125-25-048494, filed 2025-03-06]

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01

Summary Compensation Table — fiscal year 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Ann Fox$726,923$91,875$612,860$0$577,160$0$13,800$2,022,618
President and Chief Executive Officer
David Crombie529,61656,897316,8780310,274023,6361,237,301
Executive Vice President and Chief Operating Officer
Guy Sirkes456,92346,200225,9230228,357013,800971,203
Executive Vice President and Chief Financial Officer
Theodore Moore425,77043,050221,9590221,397013,800925,976
Executive Vice President, General Counsel and 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 officerFY2024 totalFY2023 totalFY2022 totalΔ FY2023→2024
Ann Fox$2,022,618—$2,022,259—
David Crombie1,237,301—1,375,247—
Guy Sirkes971,203—995,554—
Theodore Moore925,976—993,034—

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 NINE
4 companies name NINE as a compensation peer

Each company listed discloses NINE 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 NINE in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2024 total
Ann FoxCEO$2,022,618
David CrombieCOO$1,237,301
Theodore MooreGeneral Counsel$925,976
Guy SirkesCFO$971,203
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2024 total
Andrew L. WaiteFormer director (through FY2025)$257,201
Curtis F. HarrellFormer director (through FY2025)$272,201
Darryl K. WillisIndependent Director$272,201
Ernie L. DannerFormer director (through FY2025)$378,314
Gary L. ThomasIndependent Director$272,201
Julie A. PefferIndependent Director—
Mark E. BaldwinIndependent Director$277,201
Richard A. BurnettIndependent Director—
Scott E. SchwingerChair of the Board$272,201
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 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
David CrombieOTHER2024-05-07————$316,878
03b

Vehicle mix — grant-date fair value by award type

Grant-level vehicle detail not disclosed.

% 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 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
David CrombieRSU152,345—$170,626
Ann FoxRSU84,733—94,901
David CrombieRSU28,866—32,330
Ann FoxRSU294,644—330,001
Guy SirkesRSU108,617—121,651
Theodore MooreRSU106,711—119,516
Guy SirkesRSU16,283—18,237
Theodore MooreRSU31,466—35,242
David CrombieRSU56,866—63,690
Ann FoxRSU43,000—48,160
Guy SirkesRSU32,066—35,914
Theodore MooreRSU15,983—17,901
05

Incentive-plan design — the Compensation Discussion & Analysis

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantCompensation Advisory Partners
Clawback policytrue
Anti-hedging—
Anti-pledging—
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-05-0212,799,899969,714104,07792.26%Passed
20242024-05-0314,250,3223,186,615101,85081.25%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
20252025-05-0292.26%a
20242024-05-0381.25%b

a. Approved under the standard stated in the filing — “Abstentions will be counted as present in person or represented by proxy and entitled to vote and, thus, will have the same effect as votes against this proposal.”.

b. Approved under the standard stated in the filing — “Abstentions will have the same effect as votes against this proposal.”.

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 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Ernie L. DannerIndependent · Audit · Departed during FY$228,313$150,001———$378,314
Mark E. BaldwinIndependent · Audit177,201100,000———277,201
Darryl K. WillisIndependent · Audit · Nominating, Governance and Compensation172,201100,000———272,201
Scott E. SchwingerIndependent · Board Chair · Nominating, Governance and Compensation172,201100,000———272,201
Curtis F. HarrellIndependent · Audit · Nominating, Governance and Compensation · Departed during FY172,201100,000———272,201
Gary L. ThomasIndependent · Audit · Nominating, Governance and Compensation172,201100,000———272,201
Andrew L. WaiteIndependent · Departed during FY157,201100,000———257,201
Ann G. FoxEmployee director—————0
Richard A. BurnettIndependent · Audit · Newly elected——————
Julie A. PefferIndependent · Audit · Newly elected——————
09

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer$100,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)5,000
Stock ownership guideline3x annual cash retainer
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$1,251,519
Equity awards (grant-date value)$750,001
All other compensation$0
Total cost of the board$2,001,520

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2024

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

SWCH Select Water Solutions, Inc.HLX Helix Energy Solutions Group, Inc.RES RPC, Inc.ICD Independence Contract Drilling, Inc.CXO Cactus, Inc.FET Forum Energy Technologies, Inc.LTBR Liberty Energy, Inc.NCSM NCS Multistage Holdings, Inc.NR Newpark Resources, Inc.OIS Oil States InternationalPUMP ProPetro Holding Corp.SOI Solaris Oilfield InfrastructureTTRA TETRA Technologies, Inc.
10a

Peer reciprocity

Of the companies Nine Energy Service 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.

Select Water Solutions, Inc. (SWCH)— Helix Energy Solutions Group, Inc. (HLX)26 RPC, Inc. (RES) Independence Contract Drilling, Inc. (ICD) Cactus, Inc. (CXO)— Forum Energy Technologies, Inc. (FET)27 Liberty Energy, Inc. (LTBR) NCS Multistage Holdings, Inc. (NCSM) Newpark Resources, Inc. (NR)— Oil States International (OIS)28✓ ProPetro Holding Corp. (PUMP)29 Solaris Oilfield Infrastructure (SOI) TETRA Technologies, Inc. (TTRA)

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 Nine Energy Service.

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
1Select Water Solutions, Inc.2021Rob Roy$1,046,000$5,739,984$0$1,496,970$8,758,715
2ProPetro Holding Corp.2025Samuel Sledge975,0004,391,41001,137,5006,539,712
3Forum Energy Technologies, Inc.2025Neal Lux717,7694,232,10501,196,4636,163,337
4Oil States International2025Cindy Taylor925,0002,400,00301,654,2445,079,386
5Helix Energy Solutions Group, Inc.2025Owen Kratz800,0003,838,5190420,0005,067,269
6RPC, Inc.2025Ben Palmer618,0001,388,26501,155,6603,192,075
7Nine Energy Service2024Ann Fox726,923612,8600577,1602,022,618
—Independence Contract Drilling, Inc.——————not in coverage universe
—Cactus, Inc.——————not in coverage universe
—Liberty Energy, Inc.——————not in coverage universe
—NCS Multistage Holdings, Inc.——————not in coverage universe
—Newpark Resources, Inc.——————not in coverage universe
—Solaris Oilfield Infrastructure——————not in coverage universe
—TETRA Technologies, 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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Nine Energy Servicenot disclosednot disclosedNoCompensation Advisory Partners
Cactus, Inc.not disclosednot disclosednot disclosednot disclosed
Forum Energy Technologies, Inc.not disclosedPSU 50 · RSU 50not disclosedMeridian Compensation Partners, LLC
Helix Energy Solutions Group, Inc.35%PSU 50 · RSU 50Yes — TSR relative to performance peer groupWTW (Willis Towers Watson)
Independence Contract Drilling, Inc.not disclosednot disclosednot disclosednot disclosed
Liberty Energy, Inc.not disclosednot disclosednot disclosednot disclosed
NCS Multistage Holdings, Inc.not disclosednot disclosednot disclosednot disclosed
Newpark Resources, Inc.not disclosednot disclosednot disclosednot disclosed
Oil States Internationalnot disclosedRSU 50 · PRSU 25 · Cash Performance Award 25not disclosedMeridian Compensation Partners
ProPetro Holding Corp.not disclosedRSU 50 · PSU 50not disclosedPearl Meyer
RPC, Inc.187%RSU 75 · PSU 25NoMercer, LLC
Select Water Solutions, Inc.114.5%RSU 50 · PSU 50Yes — Three-year relative TSRFrederic W. Cook & Co., Inc.
Solaris Oilfield Infrastructurenot disclosednot disclosednot disclosednot disclosed
TETRA Technologies, Inc.not 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.

10d

Frequently asked questions

Who was the highest-paid executive at Nine Energy Service in fiscal 2024?
As disclosed, Ann Fox (President and Chief Executive Officer) was the highest-paid executive at Nine Energy Service in fiscal 2024, with total compensation of $2,022,618.
How does Nine Energy Service's chief executive pay compare to its disclosed peer group?
As disclosed, Ann Fox's total compensation ranked at the 1st percentile of Nine Energy Service's disclosed peer group.
How did shareholders vote on Nine Energy Service's executive compensation?
As disclosed, 92.26% of shareholders supported Nine Energy Service's executive compensation in the latest say-on-pay vote.
How much does Nine Energy Service spend in total on board compensation for fiscal 2024?
As disclosed, Nine Energy Service reported total board compensation of $2,001,520 for fiscal 2024.

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, Ann FoxDEF 14A2025-03-060001193125-25-048494Section “Executive Compensation”. As printed: 2,022,618. Filing ↗machine: r2 · c25 · span 262873–262882
2Section 01, David CrombieDEF 14A2025-03-060001193125-25-048494Section “Executive Compensation”. As printed: 1,237,301. Filing ↗machine: r4 · c25 · span 266337–266346
3Section 01, Guy SirkesDEF 14A2025-03-060001193125-25-048494Section “Executive Compensation”. As printed: 971,203. Filing ↗machine: r6 · c25 · span 269777–269784
4Section 01, Theodore MooreDEF 14A2025-03-060001193125-25-048494Section “Executive Compensation”. As printed: 925,976. Filing ↗machine: r8 · c25 · span 273220–273227
5Section 03, David Crombie OTHERDEF 14A2025-03-060001193125-25-048494Section “EXECUTIVE AND DIRECTOR COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t78 · r4 · c13 · span 265675–265682
6Section 08, Ernie L. DannerDEF 14A2025-03-060001193125-25-048494Section “Director Compensation”. As printed: 378,314. Filing ↗machine: span 357909–357916
7Section 08, Mark E. BaldwinDEF 14A2025-03-060001193125-25-048494Section “Director Compensation”. As printed: 277,201. Filing ↗machine: span 358845–358852
8Section 08, Darryl K. WillisDEF 14A2025-03-060001193125-25-048494Section “Director Compensation”. As printed: 272,201. Filing ↗machine: span 363605–363612
9Section 08, Scott E. SchwingerDEF 14A2025-03-060001193125-25-048494Section “Director Compensation”. As printed: 272,201. Filing ↗machine: span 360747–360754
10Section 08, Curtis F. HarrellDEF 14A2025-03-060001193125-25-048494Section “Director Compensation”. As printed: 272,201. Filing ↗machine: span 359808–359815
11Section 08, Gary L. ThomasDEF 14A2025-03-060001193125-25-048494Section “Director Compensation”. As printed: 272,201. Filing ↗machine: span 361707–361714
12Section 08, Andrew L. WaiteDEF 14A2025-03-060001193125-25-048494Section “Director Compensation”. As printed: 257,201. Filing ↗machine: span 362643–362650
13Section 08, Ann G. FoxDEF 14A2025-03-060001193125-25-048494Section “Director Compensation”. As printed: 0. Filing ↗
14Section 08, Richard A. BurnettDEF 14A2025-03-060001193125-25-048494Section “Director Compensation”. As printed: —. Filing ↗
15Section 08, Julie A. PefferDEF 14A2025-03-060001193125-25-048494Section “Director Compensation”. As printed: —. Filing ↗
16Section 06, 2025 voteForm 8-K2025-05-070001193125-25-114963Item 5.07 · say-on-pay result. As reported: 92.26% (votes for as printed: 12,799,899). Filing ↗
17Section 06, 2024 voteForm 8-K2024-05-060001193125-24-132025Item 5.07 · say-on-pay result. As reported: 81.25% (votes for as printed: 14,250,322). Filing ↗
18Section 09b board cost (computed)Computed——Cash 1,251,519 + equity 750,001 + all other 0 = 2,001,520, summed across the director compensation table rows.machine: formula: Σ = 2,001,520
19Select Water Solutions, Inc., Section 10b CEO totalDEF 14A2022-04-280001193125-22-125136CEO total compensation as printed in Select Water Solutions, Inc.'s own proxy. As printed: 8,758,715. Filing ↗machine: t137 · span 427436–427445
20ProPetro 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
21Forum Energy Technologies, Inc., Section 10b CEO totalDEF 14A2026-03-270001401257-26-000021CEO total compensation as printed in Forum Energy Technologies, Inc.'s own proxy. As printed: 6,163,337. Filing ↗machine: r2 · c21 · span 343952–343961
22Oil States International, Section 10b CEO totalDEF 14A2026-03-270001121484-26-000017CEO total compensation as printed in Oil States International's own proxy. As printed: 5,079,386. Filing ↗machine: r2 · c21 · span 888287–888296
23Helix Energy Solutions Group, Inc., Section 10b CEO totalDEF 14A2026-04-010001140361-26-012501CEO total compensation as printed in Helix Energy Solutions Group, Inc.'s own proxy. As printed: 5,067,269. Filing ↗machine: r2 · c22 · span 1194229–1194239
24RPC, 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
25Nine Energy Service (subject), Section 10b CEO totalDEF 14A2025-03-060001193125-25-048494CEO total compensation as printed in Nine Energy Service's own proxy. As printed: 2,022,618. Filing ↗machine: r2 · c25 · span 262873–262882
26Section 10a, Helix Energy Solutions Group, Inc. reciprocityDEF 14A—0001140361-26-012501Helix Energy Solutions Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Nine Energy Service. Filing ↗
27Section 10a, Forum Energy Technologies, Inc. reciprocityDEF 14A—0001401257-26-000021Forum Energy Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include Nine Energy Service. Filing ↗
28Section 10a, Oil States International reciprocityDEF 14A—0001121484-26-000017Oil States International's most recent proxy was read; its disclosed peer group does not include Nine Energy Service. Filing ↗
29Section 10a, ProPetro Holding Corp. reciprocityDEF 14A—0001104659-26-040891ProPetro Holding Corp. names Nine Energy Service in its own disclosed peer group (read from its most recent proxy). Filing ↗

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