Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2026-04-01

Nine Energy Service (NINE)

Fiscal year 2024 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
Companies that benchmark against NINE
No companies currently name NINE as a compensation peer in their most recent disclosure.

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

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 Crombie529,61656,897316,8780310,27423,6361,237,301
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 FY20232024
Ann Fox$2,022,618$2,022,259
David Crombie1,237,3011,375,247
Guy Sirkes971,203995,554
Theodore Moore925,976993,034

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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
Theodore MooreRSU106,711$119,516
Guy SirkesRSU32,06635,914
Theodore MooreRSU15,98317,901
Guy SirkesRSU16,28318,237
Guy SirkesRSU108,617121,651
Guy SirkesRSU108,617121,651
Theodore MooreRSU15,98317,901
Ann FoxOption31,23531.18
Theodore MooreOption8,01731.18
Ann FoxRSU84,73394,901
Theodore MooreRSU31,46635,242
David CrombieRSU56,86663,690
Ann FoxRSU294,644330,001
Theodore MooreRSU106,711119,516
Ann FoxRSU43,00048,160
Guy SirkesRSU32,06635,914
Theodore MooreRSU31,46635,242
Ann FoxOption167,57441.39
David CrombieRSU152,345170,626
Ann FoxRSU294,644330,001
Ann FoxRSU43,00048,160
Ann FoxRSU84,73394,901
Guy SirkesRSU16,28318,237
David CrombieRSU28,86632,330
05

Incentive-plan design — the Compensation Discussion & Analysis

We believe that our executive compensation program is effective and aligned with the long-term interests of our stockholders and that the total compensation packages provided to our Named Executive Officers are reasonable in the aggregate.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultantCompensation Advisory Partners (CAP)
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 · Nominating, Governance and Compensation · Departed during FY$228,313$150,001$0$0$0$378,314
Mark E. BaldwinIndependent · Audit (Chair)177,201100,000000277,201
Scott E. SchwingerIndependent · Board Chair · Nominating, Governance and Compensation172,201100,000000272,201
Darryl K. WillisIndependent · Audit · Nominating, Governance and Compensation (Chair)172,201100,000000272,201
Gary L. ThomasIndependent · Audit · Nominating, Governance and Compensation · Not standing for re-election172,201100,000000272,201
Curtis F. HarrellIndependent · Audit · Nominating, Governance and Compensation · Departed during FY172,201100,000000272,201
Andrew L. WaiteIndependent · Audit · Nominating, Governance and Compensation · Departed during FY157,201100,000000257,201
Ann G. FoxEmployee director00000
Richard A. BurnettIndependent · Audit · Newly elected000000
Julie A. PefferIndependent · Audit · Newly elected000000
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.

WTTR Select Water Solutions, Inc.LBRT Liberty Energy, Inc.NCSM NCS Multistage Holdings, Inc.TTI TETRA Technologies, Inc.RES RPC, Inc.SOI Solaris Oilfield Infrastructure Independence Contract Drilling, Inc.PUMP ProPetro Holding Corp.HLX Helix Energy Solutions Group, Inc.OIS Oil States InternationalWHD Cactus, Inc.NR Newpark Resources, Inc.FET Forum Energy 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. (WTTR)24 Liberty Energy, Inc. (LBRT)25 NCS Multistage Holdings, Inc. (NCSM) TETRA Technologies, Inc. (TTI) RPC, Inc. (RES) Solaris Oilfield Infrastructure (SOI) ProPetro Holding Corp. (PUMP) Helix Energy Solutions Group, Inc. (HLX)26 Oil States International (OIS) Cactus, Inc. (WHD) Newpark Resources, Inc. (NR) Forum Energy Technologies, Inc. (FET)

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
1Helix Energy Solutions Group, Inc.2025Owen Kratz$800,000$3,838,519$0$420,000$5,067,269
2Select Water Solutions, Inc.2025John Schmitz800,0003,245,5260681,3524,876,029
3Liberty Energy, Inc.2025Ron Gusek591,2822,943,85501,057,7184,793,487
4RPC, Inc.2025Ben Palmer618,0001,388,26501,155,6603,192,075
5Nine Energy Service2024Ann Fox726,923612,8600577,1602,022,618
NCS Multistage Holdings, Inc.not in coverage universe
TETRA Technologies, Inc.not in coverage universe
Solaris Oilfield Infrastructurenot in coverage universe
ProPetro Holding Corp.not in coverage universe
Oil States Internationalnot in coverage universe
Cactus, Inc.not in coverage universe
Newpark Resources, Inc.not in coverage universe
Forum Energy 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 (CAP)
Cactus, Inc.not disclosednot disclosednot disclosednot disclosed
Forum Energy Technologies, Inc.not disclosednot disclosednot disclosednot disclosed
Helix Energy Solutions Group, Inc.35%PSU 50 · RSU 50Yes — TSR relative to performance peer groupWTW (Willis Towers Watson)
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 disclosednot disclosednot disclosednot disclosed
ProPetro Holding Corp.not disclosednot disclosednot disclosednot disclosed
RPC, Inc.187%RSU 75 · PSU 25NoMercer, LLC
Select Water Solutions, Inc.88.1%RSU 50 · PSU 50Yes — Relative Total Shareholder Return (TSR)Meridian Compensation Partners
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.

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 “Summary Compensation Table”. As printed: 2,022,618. Filing ↗machine: r2 · c25 · span 262873–262882
2Section 01, David CrombieDEF 14A2025-03-060001193125-25-048494Section “Summary Compensation Table”. As printed: 1,237,301. Filing ↗machine: r4 · c25 · span 266337–266346
3Section 01, Guy SirkesDEF 14A2025-03-060001193125-25-048494Section “Summary Compensation Table”. As printed: 971,203. Filing ↗machine: r6 · c25 · span 269777–269784
4Section 01, Theodore MooreDEF 14A2025-03-060001193125-25-048494Section “Summary Compensation Table”. 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: t100 · r2 · c11 · span 357909–357916
7Section 08, Mark E. BaldwinDEF 14A2025-03-060001193125-25-048494Section “Director Compensation”. As printed: 277,201. Filing ↗machine: t100 · r3 · c11 · span 358845–358852
8Section 08, Scott E. SchwingerDEF 14A2025-03-060001193125-25-048494Section “Director Compensation”. As printed: 272,201. Filing ↗machine: t100 · r5 · c11 · span 360747–360754
9Section 08, Darryl K. WillisDEF 14A2025-03-060001193125-25-048494Section “Director Compensation”. As printed: 272,201. Filing ↗machine: t100 · r8 · c11 · span 363605–363612
10Section 08, Gary L. ThomasDEF 14A2025-03-060001193125-25-048494Section “Director Compensation”. As printed: 272,201. Filing ↗machine: t100 · r6 · c11 · span 361707–361714
11Section 08, Curtis F. HarrellDEF 14A2025-03-060001193125-25-048494Section “Director Compensation”. As printed: 272,201. Filing ↗machine: t100 · r4 · c11 · span 359808–359815
12Section 08, Andrew L. WaiteDEF 14A2025-03-060001193125-25-048494Section “Director Compensation”. As printed: 257,201. Filing ↗machine: t100 · r7 · c11 · 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: 0. Filing ↗
15Section 08, Julie A. PefferDEF 14A2025-03-060001193125-25-048494Section “Director Compensation”. As printed: 0. 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)ComputedcomputedCash 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
19Helix 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
20Select 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
21Liberty 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
22RPC, 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
23Nine 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
24Section 10a, Select Water Solutions, Inc. reciprocityDEF 14A0001104659-26-033864Select Water Solutions, Inc.'s most recent proxy was read; its disclosed peer group does not include Nine Energy Service. Filing ↗
25Section 10a, Liberty Energy, Inc. reciprocityDEF 14A0001999371-26-005123Liberty Energy, Inc.'s most recent proxy was read; its disclosed peer group does not include Nine Energy Service. Filing ↗
26Section 10a, Helix Energy Solutions Group, Inc. reciprocityDEF 14A0001140361-26-012501Helix Energy Solutions Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Nine Energy Service. Filing ↗