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Companies Permian Resources Corp

Permian Resources (PR): executive pay, fiscal 2025

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CEO total pay$11,432,842CEO William Hickey III · source
Say-on-pay support99.22%Latest vote · source
CEO vs. named peers63rd pct.Of 16 peer CEOs
CEO pay ratio73:1To the median employee · source

CEO pay, last three years

  • $11,432,842FY2025

CEO total pay was $11,432,842 in fiscal 2025; the brief holds no earlier figure for this CEO.

FY2025: salary $0 · bonus $0 · stock awards $11,432,842 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Permian Resources Corp in fiscal 2025?
As disclosed, James Walter (Co Chief Executive Officer) was the highest-paid executive at Permian Resources Corp in fiscal 2025, with total compensation of $11,432,842.
How does Permian Resources Corp's chief executive pay compare to its disclosed peer group?
As disclosed, William Hickey III's total compensation ranked at the 63rd percentile of Permian Resources Corp's disclosed peer group.
What is Permian Resources Corp's CEO-to-median employee pay ratio?
As disclosed, Permian Resources Corp's CEO-to-median employee pay ratio was 73:1.
How did shareholders vote on Permian Resources Corp's executive compensation?
As disclosed, 99.22% of shareholders supported Permian Resources Corp's executive compensation in the latest say-on-pay vote.

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.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
James Walter$0$0$11,432,842$0$0—$0$11,432,842
Co Chief Executive Officer
William Hickey III0011,432,84200—011,432,842
Co Chief Executive Officer
Guy Oliphint475,00004,063,5570712,500—14,5095,265,566
Executive Vice President and Chief Financial Officer
Robert Shannon395,83304,063,5570480,000—23,5004,962,890
Executive Vice President and Chief Accounting Officer
John Bell400,00004,063,5570480,000—15,2754,958,832
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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
James Walter$11,432,842—$4,297—
William Hickey III11,432,842———
Guy Oliphint5,265,5664,924,2666,094,178↑ +341,300
Robert Shannon4,962,8902,877,431—↑ +2,085,459
John Bell4,958,8322,998,754847,560↑ +1,960,078

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

Incentive-plan design — the Compensation Discussion & Analysis

The most noteworthy feature to our program is that our Co CEOs do not receive any form of cash compensation and instead receive 100% of their compensation in the form of long term incentive awards structured as PSUs.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantMeridian Compensation Partners, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Guy OliphintRSU2025-02-18——37,879—$541,670
Robert ShannonRSU2025-09-02——38,787—562,799
Guy OliphintPSU2025-02-1811,364151,515—454,5452,959,088
John BellPSU2025-02-1811,364151,515—454,5452,959,088
John BellRSU2025-02-18——37,879—541,670
Guy OliphintRSU2025-09-02——38,787—562,799
William Hickey IIIPSU2025-02-1843,905585,399—1,756,19711,432,842
Robert ShannonPSU2025-02-1811,364151,515—454,5452,959,088
James WalterPSU2025-02-1843,905585,399—1,756,19711,432,842
John BellRSU2025-09-02——38,787—562,799
Robert ShannonRSU2025-02-18——37,879—541,670

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Guy Oliphint$1,104,469$2,959,088$072.8%
Robert Shannon1,104,4692,959,088072.8%
John Bell1,104,4692,959,088072.8%
William Hickey III011,432,8420100.0%
James Walter011,432,8420100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Robert ShannonRSU18,323—$257,072
John BellRSU19,028—266,963
Guy OliphintRSU33,827—474,593
Guy OliphintRSU33,871—475,210
Guy OliphintRSU37,879—531,442
John BellRSU37,879—531,442
Robert ShannonRSU37,879—531,442
Guy OliphintRSU38,787—544,182
John BellRSU38,787—544,182
Robert ShannonRSU38,787—544,182
Robert ShannonPSU192,390—2,699,232
John BellPSU199,788—2,803,026
Guy OliphintPSU355,179—4,983,161
Guy OliphintPSU454,545—6,377,266
John BellPSU454,545—6,377,266
Robert ShannonPSU454,545—6,377,266
William Hickey IIIRSU1,756,197—24,639,444
James WalterRSU1,756,197—24,639,444
William Hickey IIIRSU1,787,844—25,083,451
James WalterRSU1,787,844—25,083,451
Director compensation

No director compensation table is on file for fiscal year 2025.

Board fee structure and ownership guideline

Annual cash retainer$87,500
Annual equity retainer$200,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)22,500 / 20,000 / 15,000
Stock ownership guideline$612,500
Peer group, and who names Permian Resources as a peer

Companies that benchmark against PR

16 companies name PR as a compensation peer

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

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.

Peer reciprocity

The companies Permian Resources Corp names as compensation peers that name it back in their own disclosed peer groups.

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
1EQT Corporation2025Toby Rice$1$13,552,232$0$2,535,000$16,087,233
2Diamondback Energy, Inc.2025Kaes Van t Hof1,109,50011,101,46202,676,35014,931,423
3Coterra Energy Inc.2024Thomas Jorden1,198,55810,628,85002,500,00014,748,960
4Ovintiv Inc.2025Brendan McCracken1,185,0009,900,00502,136,75013,693,140
5APA Corporation2025John Christmann IV1,300,0006,018,4361,897,9963,454,36013,202,517
6Devon Energy Corporation2025Clay Gaspar938,1259,633,68901,612,00012,566,384
7Permian Resources Corp2025William Hickey III011,432,8420011,432,842
8Expand Energy Corporation2025Domenic Dell'Osso947,3468,890,444——9,879,106
9Matador Resources Company2025Joseph Foran1,800,0004,222,40003,726,0009,775,611
10Chord Energy Corporation2025Daniel Brown850,0006,362,91001,275,0008,567,235
11Civitas Resources, Inc.2024M. Christopher Doyle1,431,1506,933,919008,385,769
12Range Resources Corporation2025Dennis Degner932,5006,143,87701,128,0008,375,421
13Murphy Oil Corporation2025Eric Hambly950,0004,917,31501,324,0637,651,445
14Magnolia Oil & Gas Corporation2025Christopher Stavros870,1924,314,30901,480,5006,693,001
15Antero Resources Corporation2025Michael Kennedy655,4704,325,73401,678,3076,687,656
16Northern Oil and Gas, Inc.2025Nicholas O'Grady925,0002,815,68301,638,5645,602,413
17SM Energy Company2025Elizabeth McDonald576,3692,299,9950536,0244,475,172

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.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Permian Resources Corp150%PSU 100Yes — Relative TSRMeridian Compensation Partners, LLC
Antero Resources Corporation157.2%PSU 50 · RSU 50Yes — Absolute TSRCBIZ Compensation Consulting
APA Corporation189.8%PSU 60 · Options 20 · RSU 20Yes — Relative TSRPearl Meyer & Partners, LLC
Chord Energy Corporationnot disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
Civitas Resources, Inc.not disclosedPSU 70 · RSU 30Yes — Absolute TSRMeridian Compensation Partners, LLC
Coterra Energy Inc.174%PSU 50 · RSU 50Yes — Relative TSRF.W. Cook and Zayla Partners
Devon Energy Corporation124%PSU 60 · RSU 40Yes — Relative TSRMeridian Compensation Partners, LLC
Diamondback Energy, Inc.161%PSU 60 · RSU 40Yes — Total Stockholder Return (relative to TSR performance peer group)Meridian
EQT Corporation169%PSU 60 · RSU 40NoMeridian Compensation Partners, LLC
Expand Energy Corporationnot disclosedPSU 70 · RSU 30Yes — Absolute TSRMeridian Compensation Partners, LLC
Magnolia Oil & Gas Corporationnot disclosedRSU 50 · PSU 50not disclosedFW Cook
Matador Resources Companynot disclosedCash LTI 50 · PSU 50NoMeridian Compensation Partners, LLC
Murphy Oil Corporationnot disclosednot disclosednot disclosedMeridian Compensation Partners LLC
Northern Oil and Gas, Inc.136.5%MSU 88 · RSU 12Yes — 3-Year Absolute TSRWillis Towers Watson
Ovintiv Inc.140%RSU 50 · PSU 50Yes — Relative TSRFW Cook
Range Resources Corporationnot disclosedPSU 60 · RSU 40Yes — Total Stockholder Return (TSR)Meridian Compensation Partners, LLC
SM Energy Company93%PSU 60 · RSU 40Yes — Absolute TSRFrederic W. Cook & Co., Inc.

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.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-19671,484,0235,284,1211,248,31199.22%Passed
20252025-05-21613,236,61715,546,35411,940,56397.53%Passed
20242024-05-22526,992,530133,304,807888,36079.81%Passed
20212021-04-28164,564,658971,5883,004,71399.41%Passed
20202020-04-29167,856,25044,376,88058,83379.09%Passed
20192019-05-01255,805,440870,607332,25899.66%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
20262026-05-1999.22%a
20252025-05-2197.53%b
20242024-05-2279.81%c

a. Approved under the standard stated in the filing — “If you abstain for purposes of these proposals, your abstention will not be counted as a vote cast and, therefore, will not have an effect on the results of such vote.”.

b. Approved under the standard stated in the filing — “If you abstain for purposes of these proposals, your abstention will not be counted as a vote cast and, therefore, will not have an effect on the results of such vote.”.

c. Approved under the standard stated in the filing — “If you abstain for purposes of these proposals, your abstention will not be counted as a vote cast and, therefore, will not have an effect on the results of such vote.”.

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.

CEO pay ratio

Ratio (CEO : median employee)73 : 1
CEO total compensation$11,432,842
Median employee compensation$155,801
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (50 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, James Walter. DEF 14A, filed 2026-04-06. Section “2025 SUMMARY COMPENSATION TABLE” · page 49. As printed: 11,432,842. View filing ↗
  • Section 01, William Hickey III. DEF 14A, filed 2026-04-06. Section “2025 SUMMARY COMPENSATION TABLE” · page 46. As printed: 11,432,842. View filing ↗
  • Section 01, Guy Oliphint. DEF 14A, filed 2026-04-06. Section “2025 SUMMARY COMPENSATION TABLE”. As printed: 5,265,566. View filing ↗
  • Section 01, Robert Shannon. DEF 14A, filed 2026-04-06. Section “2025 SUMMARY COMPENSATION TABLE”. As printed: 4,962,890. View filing ↗
  • Section 01, John Bell. DEF 14A, filed 2026-04-06. Section “2025 SUMMARY COMPENSATION TABLE”. As printed: 4,958,832. View filing ↗
  • Section 03, Guy Oliphint RSU. DEF 14A, filed 2026-04-06. Section “GRANTS OF PLAN‑BASED AWARDS” · grants of plan-based awards table. View filing ↗
  • Section 03, Robert Shannon RSU. DEF 14A, filed 2026-04-06. Section “GRANTS OF PLAN‑BASED AWARDS” · grants of plan-based awards table. View filing ↗
  • Section 03, Guy Oliphint PSU. DEF 14A, filed 2026-04-06. Section “GRANTS OF PLAN‑BASED AWARDS” · grants of plan-based awards table. View filing ↗
  • Section 03, John Bell PSU. DEF 14A, filed 2026-04-06. Section “GRANTS OF PLAN‑BASED AWARDS” · grants of plan-based awards table. View filing ↗
  • Section 03, John Bell RSU. DEF 14A, filed 2026-04-06. Section “GRANTS OF PLAN‑BASED AWARDS” · grants of plan-based awards table. View filing ↗
  • Section 03, Guy Oliphint RSU. DEF 14A, filed 2026-04-06. Section “GRANTS OF PLAN‑BASED AWARDS” · grants of plan-based awards table. View filing ↗
  • Section 03, William Hickey III PSU. DEF 14A, filed 2026-04-06. Section “GRANTS OF PLAN‑BASED AWARDS” · grants of plan-based awards table. View filing ↗
  • Section 03, Robert Shannon PSU. DEF 14A, filed 2026-04-06. Section “GRANTS OF PLAN‑BASED AWARDS” · grants of plan-based awards table. View filing ↗
  • Section 03, James Walter PSU. DEF 14A, filed 2026-04-06. Section “GRANTS OF PLAN‑BASED AWARDS” · grants of plan-based awards table. View filing ↗
  • Section 03, John Bell RSU. DEF 14A, filed 2026-04-06. Section “GRANTS OF PLAN‑BASED AWARDS” · grants of plan-based awards table. View filing ↗
  • Section 03, Robert Shannon RSU. DEF 14A, filed 2026-04-06. Section “GRANTS OF PLAN‑BASED AWARDS” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-04-06. Section “CEO Pay Ratio”. As printed: 73 : 1. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-05-19. Item 5.07 · say-on-pay result. As reported: 99.22% (votes for as printed: 671,484,023). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-05-21. Item 5.07 · say-on-pay result. As reported: 97.53% (votes for as printed: 613,236,617). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-22. Item 5.07 · say-on-pay result. As reported: 79.81% (votes for as printed: 526,992,530). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 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).
  • EQT Corporation, Section 10b CEO total. DEF 14A, filed 2026-02-26. CEO total compensation as printed in EQT Corporation's own proxy. As printed: 16,087,233. View filing ↗
  • Diamondback Energy, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in Diamondback Energy, Inc.'s own proxy. As printed: 14,931,423. View filing ↗
  • Coterra Energy Inc., Section 10b CEO total. DEF 14A, filed 2025-03-20. CEO total compensation as printed in Coterra Energy Inc.'s own proxy. As printed: 14,748,960. View filing ↗
  • Ovintiv Inc., Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in Ovintiv Inc.'s own proxy. As printed: 13,693,140. View filing ↗
  • APA Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in APA Corporation's own proxy. As printed: 13,202,517. View filing ↗
  • Devon Energy Corporation, Section 10b CEO total. DEF 14A, filed 2026-05-28. CEO total compensation as printed in Devon Energy Corporation's own proxy. As printed: 12,566,384. View filing ↗
  • Permian Resources Corp (subject), Section 10b CEO total. DEF 14A, filed 2026-04-06. CEO total compensation as printed in Permian Resources Corp's own proxy. As printed: 11,432,842. View filing ↗
  • Expand Energy Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Expand Energy Corporation's own proxy. As printed: 9,879,106. View filing ↗
  • Matador Resources Company, Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Matador Resources Company's own proxy. As printed: 9,775,611. View filing ↗
  • Chord Energy Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in Chord Energy Corporation's own proxy. As printed: 8,567,235. View filing ↗
  • Civitas Resources, Inc., Section 10b CEO total. DEF 14A, filed 2025-04-21. CEO total compensation as printed in Civitas Resources, Inc.'s own proxy. As printed: 8,385,769. View filing ↗
  • Range Resources Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Range Resources Corporation's own proxy. As printed: 8,375,421. View filing ↗
  • Murphy Oil Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Murphy Oil Corporation's own proxy. As printed: 7,651,445. View filing ↗
  • Magnolia Oil & Gas Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-24. CEO total compensation as printed in Magnolia Oil & Gas Corporation's own proxy. As printed: 6,693,001. View filing ↗
  • Antero Resources Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Antero Resources Corporation's own proxy. As printed: 6,687,656. View filing ↗
  • Northern Oil and Gas, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Northern Oil and Gas, Inc.'s own proxy. As printed: 5,602,413. View filing ↗
  • SM Energy Company, Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in SM Energy Company's own proxy. As printed: 4,475,172. View filing ↗
  • Section 10a, Devon Energy Corporation reciprocity. DEF 14A. Devon Energy Corporation names Permian Resources Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Diamondback Energy, Inc. reciprocity. DEF 14A. Diamondback Energy, Inc. names Permian Resources Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Northern Oil and Gas, Inc. reciprocity. DEF 14A. Northern Oil and Gas, Inc. names Permian Resources Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Ovintiv Inc. reciprocity. DEF 14A. Ovintiv Inc. names Permian Resources Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, SM Energy Company reciprocity. DEF 14A. SM Energy Company names Permian Resources Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Chord Energy Corporation reciprocity. DEF 14A. Chord Energy Corporation names Permian Resources Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, EQT Corporation reciprocity. DEF 14A. EQT Corporation names Permian Resources Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Magnolia Oil & Gas Corporation reciprocity. DEF 14A. Magnolia Oil & Gas Corporation names Permian Resources Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Matador Resources Company reciprocity. DEF 14A. Matador Resources Company names Permian Resources Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Murphy Oil Corporation reciprocity. DEF 14A. Murphy Oil Corporation names Permian Resources Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Civitas Resources, Inc. reciprocity. DEF 14A. Civitas Resources, Inc. names Permian Resources Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
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