Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-22

ProPetro Holding (PUMP)

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.

$6,539,712
Samuel Sledge total, FY2025
50th
CEO pay percentile vs peers
CEO-to-median pay ratio
98.13%
Say-on-pay support, latest vote
Companies that benchmark against PUMP
13 companies name PUMP as a compensation peer

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

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Samuel Sledge$975,000$0$4,391,410$0$1,137,500$0$35,802$6,539,712
Chief Executive Officer
Adam Muñoz612,00001,951,7320613,200067,6223,244,554
President and Chief Operating Officer
Shelby Fietz505,0000975,8750478,150062,3112,021,336
Chief Commercial Officer
John Mitchell500,0000975,8750473,400053,5392,002,814
General Counsel
David Schorlemer91,726000001,607,4791,699,205
Former Chief Financial Officer
Caleb Weatherl245,95901,013,8640229,000057,9911,546,814
Chief Financial Officer
Celina Davila320,0000179,3430301,800052,132853,275
Former Interim Principal Financial Officer

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 FY20242025
Samuel Sledge$6,539,712$5,987,447$5,787,960+552,265
Adam Muñoz3,244,5543,325,0663,230,832−80,512
Shelby Fietz2,021,3361,954,6524,286,296+66,684
John Mitchell2,002,8141,846,8181,543,135+155,996
David Schorlemer1,699,2052,670,1512,479,852−970,946
Caleb Weatherl1,546,814
Celina Davila853,275

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 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Shelby FietzPSU2025-03-0422,44756,117112,234$553,875
Shelby FietzRSU2025-03-0456,117422,000
Celina DavilaRSU2025-03-0417,957135,037
Celina DavilaPSU2025-03-041,7964,4898,97844,306
Adam MuñozRSU2025-03-04112,233843,992
Adam MuñozPSU2025-03-0444,893112,233224,4661,107,740
Samuel SledgePSU2025-03-04101,010252,525505,0502,492,422
Samuel SledgeRSU2025-03-04252,5251,898,988
Caleb WeatherlPSU2025-08-0140,193100,482200,964504,420
Caleb WeatherlRSU2025-08-01100,482509,444
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Shelby Fietz$422,000$553,875$056.8%
Celina Davila135,03744,306024.7%
Adam Muñoz843,9921,107,740056.8%
Samuel Sledge1,898,9882,492,422056.8%
Caleb Weatherl509,444504,420049.8%

% 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 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Caleb WeatherlRSU100,482$955,584
Samuel SledgePSU990,7109,421,652
Adam MuñozPSU476,0384,527,121
Samuel SledgeRSU472,5334,493,789
John MitchellPSU234,2462,227,679
Celina DavilaPSU16,524157,143
Shelby FietzPSU225,4402,143,934
Adam MuñozRSU225,1522,141,196
Shelby FietzRSU201,7761,918,890
Caleb WeatherlPSU200,9641,911,168
John MitchellRSU108,3101,030,028
Celina DavilaRSU33,354317,197
Samuel SledgeOption21,75014
Adam MuñozOption48,93814
Shelby FietzOption6,09014
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company emphasizes performance-based, 'at risk' pay to align executives' interests with those of stockholders, rewarding exceptional performance and holding executives accountable for underperformance. The program is designed to be competitive in the industry, internally consistent, and flexible enough to respond to the cyclical and volatile nature of the business.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantPearl Meyer
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-19101,804,0921,425,578514,09698.13%Passed
20252025-05-2087,939,2884,817,021215,48794.59%Passed
20242024-04-2393,615,5691,776,58678,34298.06%Passed
20232023-05-1180,131,27825,180,65733,43876.09%Passed
20222022-04-1994,506,4371,328,32136,35698.58%Passed
20212021-05-1788,973,2064,027,22922,17395.65%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
20262026-05-1998.13%a
20252025-05-2094.59%b
20242024-04-2398.06%c

a. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote "AGAINST" Proposal No.”.

b. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote "AGAINST" Proposal No.”.

c. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote "AGAINST" Proposal No.”.

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
Phillip A. GobeIndependent · Board Chair · Nominating & Corporate Governance · Audit$157,500$154,996$312,496
Anthony J. BestIndependent · Lead Independent Director · Audit · Compensation · Nominating & Corporate Governance129,946154,996284,942
Michele VionIndependent · Compensation (Chair) · Nominating and Corporate Governance110,000154,996264,996
Mark S. BergIndependent · Compensation · Nominating and Corporate Governance104,190154,996259,186
Mary P. RicciardelloIndependent · Audit · Compensation · Nominating & Corporate Governance95,000154,996249,996
G. Larry LawrenceIndependent · Audit · Compensation95,000154,996249,996
Spencer D. Armour IIIIndependent · Nominating and Corporate Governance · Not standing for re-election · Departed during FY95,000154,996249,996
Jack B. MooreIndependent · Nominating and Corporate Governance · Not standing for re-election · Departed during FY40,673040,673
Alex V. VolkovIndependent · Nominating and Corporate Governance000
Samuel D. SledgeEmployee director0
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$154,996
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000
Stock ownership guideline$300
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$827,309
Equity awards (grant-date value)$1,084,972
All other compensation$0
Total cost of the board$1,912,281

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.

AROC Archrock, Inc.OIS Oil States International, Inc.CHX ChampionX CorporationRES RPC, Inc.SE Select Energy Services, Inc.NBR Nabors Industries Ltd.HP Helmerich & Payne, Inc.SLCA U.S. Silica Holdings, Inc.LTBR Liberty Energy, Inc.PFHC ProFrac Holding Corp.PTEN Patterson-UTI Energy, Inc.NINE Nine Energy Services Inc.PDS Precision Drilling Corporation
10a

Peer reciprocity

Of the companies ProPetro Holding 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.

Archrock, Inc. (AROC) Oil States International, Inc. (OIS)41 ChampionX Corporation (CHX) RPC, Inc. (RES) Select Energy Services, Inc. (SE) Nabors Industries Ltd. (NBR)42 Helmerich & Payne, Inc. (HP)43 U.S. Silica Holdings, Inc. (SLCA) Liberty Energy, Inc. (LTBR) ProFrac Holding Corp. (PFHC) Patterson-UTI Energy, Inc. (PTEN)44 Nine Energy Services Inc. (NINE)45 Precision Drilling Corporation (PDS)

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 ProPetro Holding.

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
3Helmerich & Payne, Inc.2025John Lindsay1,179,9095,749,95701,559,0169,010,799
4ProPetro Holding2025Samuel Sledge975,0004,391,41001,137,5006,539,712
5Oil States International, Inc.2025Cindy Taylor925,0002,400,00301,654,2445,079,386
6RPC, Inc.2025Ben Palmer618,0001,388,26501,155,6603,192,075
7Nine Energy Services Inc.2024Ann Fox726,923612,8600577,1602,022,618
Archrock, Inc.not in coverage universe
ChampionX Corporationnot in coverage universe
Select Energy Services, Inc.not in coverage universe
U.S. Silica Holdings, Inc.not in coverage universe
Liberty Energy, Inc.not in coverage universe
ProFrac Holding Corp.not in coverage universe
Precision Drilling Corporationnot 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
ProPetro Holdingnot disclosedRSU 50 · PSU 50not disclosedPearl Meyer
Archrock, Inc.not disclosednot disclosednot disclosednot disclosed
ChampionX Corporationnot disclosednot disclosednot disclosednot disclosed
Helmerich & Payne, Inc.109.09%PSU 50 · RSU 50Yes — Total Stockholder Return (TSR)Willis Towers Watson
Liberty Energy, Inc.not disclosednot disclosednot disclosednot disclosed
Nabors Industries Ltd.not disclosednot disclosedYes — Relative Total Shareholder Return (TSR)Pay Governance
Nine Energy Services Inc.not disclosednot disclosedNoCompensation Advisory Partners (CAP)
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
Precision Drilling Corporationnot disclosednot disclosednot disclosednot disclosed
ProFrac Holding Corp.not disclosednot disclosednot disclosednot disclosed
RPC, Inc.187%RSU 75 · PSU 25NoMercer, LLC
Select Energy Services, Inc.not disclosednot disclosednot disclosednot disclosed
U.S. Silica Holdings, 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, Samuel SledgeDEF 14A2026-04-080001104659-26-040891Section “SUMMARY COMPENSATION TABLE”. As printed: 6,539,712. Filing ↗machine: r1 · c48 · span 1147235–1147244
2Section 01, Adam MuñozDEF 14A2026-04-080001104659-26-040891Section “SUMMARY COMPENSATION TABLE”. As printed: 3,244,554. Filing ↗machine: r5 · c48 · span 1173229–1173238
3Section 01, Shelby FietzDEF 14A2026-04-080001104659-26-040891Section “SUMMARY COMPENSATION TABLE”. As printed: 2,021,336. Filing ↗machine: r8 · c48 · span 1192285–1192294
4Section 01, John MitchellDEF 14A2026-04-080001104659-26-040891Section “SUMMARY COMPENSATION TABLE”. As printed: 2,002,814. Filing ↗machine: r11 · c48 · span 1211532–1211541
5Section 01, David SchorlemerDEF 14A2026-04-080001104659-26-040891Section “SUMMARY COMPENSATION TABLE”. As printed: 1,699,205. Filing ↗machine: r15 · c48 · span 1237535–1237544
6Section 01, Caleb WeatherlDEF 14A2026-04-080001104659-26-040891Section “SUMMARY COMPENSATION TABLE”. As printed: 1,546,814. Filing ↗machine: r4 · c48 · span 1165993–1166002
7Section 01, Celina DavilaDEF 14A2026-04-080001104659-26-040891Section “SUMMARY COMPENSATION TABLE”. As printed: 853,275. Filing ↗machine: r14 · c48 · span 1230334–1230341
8Section 03, Shelby Fietz PSUDEF 14A2026-04-080001104659-26-040891Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: span 1060840–1060847
9Section 03, Shelby Fietz RSUDEF 14A2026-04-080001104659-26-040891Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: span 1059405–1059412
10Section 03, Celina Davila RSUDEF 14A2026-04-080001104659-26-040891Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: span 1066500–1066507
11Section 03, Celina Davila PSUDEF 14A2026-04-080001104659-26-040891Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: span 1067934–1067940
12Section 03, Adam Muñoz RSUDEF 14A2026-04-080001104659-26-040891Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: span 1055871–1055878
13Section 03, Adam Muñoz PSUDEF 14A2026-04-080001104659-26-040891Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: span 1057307–1057316
14Section 03, Samuel Sledge PSUDEF 14A2026-04-080001104659-26-040891Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: span 1050095–1050104
15Section 03, Samuel Sledge RSUDEF 14A2026-04-080001104659-26-040891Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: span 1048653–1048662
16Section 03, Caleb Weatherl PSUDEF 14A2026-04-080001104659-26-040891Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: span 1053746–1053753
17Section 03, Caleb Weatherl RSUDEF 14A2026-04-080001104659-26-040891Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: span 1052310–1052317
18Section 08, Phillip A. GobeDEF 14A2026-04-080001104659-26-040891Section “Director Compensation”. As printed: 312,496. Filing ↗machine: span 575373–575380
19Section 08, Anthony J. BestDEF 14A2026-04-080001104659-26-040891Section “Director Compensation”. As printed: 284,942. Filing ↗machine: span 572563–572570
20Section 08, Michele VionDEF 14A2026-04-080001104659-26-040891Section “Director Compensation”. As printed: 264,996. Filing ↗machine: span 586665–586672
21Section 08, Mark S. BergDEF 14A2026-04-080001104659-26-040891Section “Director Compensation”. As printed: 259,186. Filing ↗machine: span 569616–569623
22Section 08, Mary P. RicciardelloDEF 14A2026-04-080001104659-26-040891Section “Director Compensation”. As printed: 249,996. Filing ↗machine: span 583857–583864
23Section 08, G. Larry LawrenceDEF 14A2026-04-080001104659-26-040891Section “Director Compensation”. As printed: 249,996. Filing ↗machine: span 578210–578217
24Section 08, Spencer D. Armour IIIDEF 14A2026-04-080001104659-26-040891Section “Director Compensation”. As printed: 249,996. Filing ↗machine: span 566697–566704
25Section 08, Jack B. MooreDEF 14A2026-04-080001104659-26-040891Section “Director Compensation”. As printed: 40,673. Filing ↗machine: span 579585–579591
26Section 08, Alex V. VolkovDEF 14A2026-04-080001104659-26-040891Section “Director Compensation”. As printed: 0. Filing ↗
27Section 08, Samuel D. SledgeDEF 14A2026-04-080001104659-26-040891Section “Director Compensation”. As printed: 0. Filing ↗
28Section 06, 2026 voteForm 8-K2026-05-220001104659-26-065695Item 5.07 · say-on-pay result. As reported: 98.13% (votes for as printed: 101,804,092). Filing ↗
29Section 06, 2025 voteForm 8-K2025-05-270001104659-25-052967Item 5.07 · say-on-pay result. As reported: 94.59% (votes for as printed: 87,939,288). Filing ↗
30Section 06, 2024 voteForm 8-K2024-04-260001104659-24-052954Item 5.07 · say-on-pay result. As reported: 98.06% (votes for as printed: 93,615,569). Filing ↗
31Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
32Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
33Section 09b board cost (computed)ComputedcomputedCash 827,309 + equity 1,084,972 + all other 0 = 1,912,281, summed across the director compensation table rows.machine: formula: Σ = 1,912,281
34Nabors 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
35Patterson-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
36Helmerich & Payne, Inc., Section 10b CEO totalDEF 14A2026-01-220001104659-26-005786CEO total compensation as printed in Helmerich & Payne, Inc.'s own proxy. As printed: 9,010,799. Filing ↗machine: r1 · c42 · span 1420313–1420322
37ProPetro Holding (subject), Section 10b CEO totalDEF 14A2026-04-080001104659-26-040891CEO total compensation as printed in ProPetro Holding's own proxy. As printed: 6,539,712. Filing ↗machine: r1 · c48 · span 1147235–1147244
38Oil 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
39RPC, 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
40Nine Energy Services Inc., Section 10b CEO totalDEF 14A2025-03-060001193125-25-048494CEO total compensation as printed in Nine Energy Services Inc.'s own proxy. As printed: 2,022,618. Filing ↗machine: r2 · c25 · span 262873–262882
41Section 10a, Oil States International, Inc. reciprocityDEF 14A0001121484-26-000017Oil States International, Inc. names ProPetro Holding in its own disclosed peer group (read from its most recent proxy). Filing ↗
42Section 10a, Nabors Industries Ltd. reciprocityDEF 14A0001140361-26-016154Nabors Industries Ltd.'s most recent proxy was read; its disclosed peer group does not include ProPetro Holding. Filing ↗
43Section 10a, Helmerich & Payne, Inc. reciprocityDEF 14A0001104659-26-005786Helmerich & Payne, Inc. names ProPetro Holding in its own disclosed peer group (read from its most recent proxy). Filing ↗
44Section 10a, Patterson-UTI Energy, Inc. reciprocityDEF 14A0001628280-25-017335Patterson-UTI Energy, Inc.'s most recent proxy was read; its disclosed peer group does not include ProPetro Holding. Filing ↗
45Section 10a, Nine Energy Services Inc. reciprocityDEF 14A0001193125-25-048494Nine Energy Services Inc. names ProPetro Holding in its own disclosed peer group (read from its most recent proxy). Filing ↗