Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-30

Sable Offshore (SOC)

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.

$75,943,061
James Flores total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against SOC
No companies currently name SOC 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 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
James Flores$1,300,000$3,900,000$69,370,000$0$0$0$1,373,061$75,943,061
Chairman and Chief Executive Officer
Anthony Duenner800,0002,400,00014,865,00000038,24018,103,240
Executive Vice President, General Counsel and Secretary
Gregory Patrinely800,0002,400,00014,865,00000025,36218,090,362
Executive Vice President and Chief Financial Officer
Doss Bourgeois778,8502,400,00014,865,00000039,29718,083,147
Former, Executive Vice President and Chief Operating 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
James Flores$75,943,061$1,707,013+74,236,048
Anthony Duenner18,103,2409,310,115+8,793,125
Gregory Patrinely18,090,3629,302,615+8,787,747
Doss Bourgeois18,083,1479,310,115+8,773,032

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.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
James FloresRSU3,500,000$31,570,000
James FloresRSU750,0006,765,000
Gregory PatrinelyRSU750,0006,765,000
Anthony DuennerRSU750,0006,765,000
Doss BourgeoisRSU750,0006,765,000
James FloresRSU650,0005,863,000
Gregory PatrinelyRSU650,0005,863,000
Anthony DuennerRSU650,0005,863,000
Doss BourgeoisRSU650,0005,863,000
05

Incentive-plan design — the Compensation Discussion & Analysis

Sable's compensation philosophy focuses on transitioning from a pre-operational state to an operating business by rewarding the executive team for progress against operational, regulatory, strategic, and financial priorities. The company utilizes a combination of base salary, annual cash bonuses, and long-term equity incentives to attract, retain, and motivate key personnel while aligning their interests with stockholders.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultant
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Michael DillardIndependent · Audit$0$495,500$495,500
Gregory PipkinIndependent · Audit0495,500495,500
Christopher SarofimIndependent · Audit (Chair)0495,500495,500
James C. FloresEmployee director · Board Chair0
09

Board fee structure and ownership guideline

Annual cash retainer$0
Annual equity retainer$495,500
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$0
Equity awards (grant-date value)$1,486,500
All other compensation$0
Total cost of the board$1,486,500

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

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
1Sable Offshore2025James Flores$1,300,000$69,370,000$0$0$75,943,061

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.

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, James FloresDEF 14A2026-04-300001831481-26-000041Section “Executive Compensation”. As printed: 75,943,061. Filing ↗machine: r2 · c36 · span 232908–232918
2Section 01, Anthony DuennerDEF 14A2026-04-300001831481-26-000041Section “Executive Compensation”. As printed: 18,103,240. Filing ↗machine: r11 · c36 · span 248745–248755
3Section 01, Gregory PatrinelyDEF 14A2026-04-300001831481-26-000041Section “Executive Compensation”. As printed: 18,090,362. Filing ↗machine: r8 · c36 · span 243430–243440
4Section 01, Doss BourgeoisDEF 14A2026-04-300001831481-26-000041Section “Executive Compensation”. As printed: 18,083,147. Filing ↗machine: r14 · c36 · span 254201–254211
5Section 08, Michael DillardDEF 14A2026-04-300001831481-26-000041Section “Director Compensation”. As printed: 495,500. Filing ↗
6Section 08, Gregory PipkinDEF 14A2026-04-300001831481-26-000041Section “Director Compensation”. As printed: 495,500. Filing ↗machine: span 338797–338804
7Section 08, Christopher SarofimDEF 14A2026-04-300001831481-26-000041Section “Director Compensation”. As printed: 495,500. Filing ↗
8Section 08, James C. FloresDEF 14A2026-04-300001831481-26-000041Section “Director Compensation”. As printed: 0. Filing ↗
9Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
10Section 09b board cost (computed)ComputedcomputedCash 0 + equity 1,486,500 + all other 0 = 1,486,500, summed across the director compensation table rows.machine: formula: Σ = 1,486,500
11Sable Offshore (subject), Section 10b CEO totalDEF 14A2026-04-300001831481-26-000041CEO total compensation as printed in Sable Offshore's own proxy. As printed: 75,943,061. Filing ↗machine: r2 · c36 · span 232908–232918