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

Sable Offshore (SOC)

CEO James Flores was paid $75,943,061 in fiscal year 2025, ↑ up 4348.9% from fiscal year 2024 (SEC filing 0001831481-26-000041 ↗): 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

You have just read Sable Offshore's Summary Compensation Table. The whole free brief as a PDF, sent in 2 minutes, with every figure cited — then a few short notes on the deeper SOC reports.

We send the PDF within 2 minutes, then up to three short notes. Reply “unsubscribe” to any of them, any time.

Track this company's pay every filing: join the Pro seat waitlist

Velarion Pro: every company page, peer tools and exports, one seat — $1,200/year

A confirmation now and one email when Pro opens, and nothing else. Privacy

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- James Flores (Chairman and Chief Executive Officer), FY2025 total compensation $75,943,061 (base salary $1,300,000) [exec_comp, SEC accession 0001831481-26-000041, filed 2026-04-30]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

SOC's next annual pay disclosure, estimated April 30, 2027.est. Filing ↗

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 FY2024→2025
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.

How we handle your data → Privacy

Companies that benchmark against SOC
1 company names SOC as a compensation peer

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

01c

Board of directors

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

DirectorRoleFY2025 total
Christopher SarofimIndependent Director$495,500
Gregory PipkinIndependent Director$495,500
Michael DillardIndependent Director$495,500
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
Gregory PatrinelyRSU2025-04-25——750,000—$14,865,000
James FloresRSU2025-04-25——750,000—14,865,000
Doss BourgeoisRSU2025-04-25——750,000—14,865,000
Anthony DuennerRSU2025-04-25——750,000—14,865,000
James FloresRSU2025-04-25——3,500,000—69,370,000
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Gregory Patrinely$14,865,000$0$00.0%
James Flores84,235,000000.0%
Doss Bourgeois14,865,000000.0%
Anthony Duenner14,865,000000.0%

% 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
Anthony DuennerRSU650,000—$5,863,000
Gregory PatrinelyRSU650,000—5,863,000
James FloresRSU650,000—5,863,000
Anthony DuennerRSU750,000—6,765,000
Doss BourgeoisRSU650,000—5,863,000
Gregory PatrinelyRSU750,000—6,765,000
James FloresRSU750,000—6,765,000
James FloresRSU3,500,000—31,570,000
Doss BourgeoisRSU750,000—6,765,000
05

Incentive-plan design — the Compensation Discussion & Analysis

Sable's compensation philosophy focuses on providing a fixed base salary reflecting skill and responsibility, an annual incentive bonus tied to operational, regulatory, and strategic execution, and long-term equity awards designed to align executive interests with stockholders and provide retention incentives.

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
Gregory PipkinIndependent · Audit · Compensation (Chair) · Nominating and Corporate Governance$0$495,500———$495,500
Christopher SarofimIndependent · Audit (Chair) · Compensation · Nominating and Corporate Governance0495,500———495,500
Michael DillardIndependent · Audit · Compensation · Nominating and Corporate Governance (Chair)0495,500———495,500
James C. FloresEmployee director · Board Chair—————0
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.

10d

Frequently asked questions

Who was the highest-paid executive at Sable Offshore in fiscal 2025?
As disclosed, James Flores (Chairman and Chief Executive Officer) was the highest-paid executive at Sable Offshore in fiscal 2025, with total compensation of $75,943,061.
How much does Sable Offshore spend in total on board compensation for fiscal 2025?
As disclosed, Sable Offshore reported total board compensation of $1,486,500 for fiscal 2025.

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, 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 03, Gregory Patrinely RSUDEF 14A2026-04-300001831481-26-000041Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 242622–242632
6Section 03, James Flores RSUDEF 14A2026-04-300001831481-26-000041Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
7Section 03, Doss Bourgeois RSUDEF 14A2026-04-300001831481-26-000041Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 253393–253403
8Section 03, Anthony Duenner RSUDEF 14A2026-04-300001831481-26-000041Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 248087–248097
9Section 03, James Flores RSUDEF 14A2026-04-300001831481-26-000041Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 231993–232003
10Section 08, Gregory PipkinDEF 14A2026-04-300001831481-26-000041Section “Director Compensation”. As printed: 495,500. Filing ↗machine: span 338512–338817
11Section 08, Christopher SarofimDEF 14A2026-04-300001831481-26-000041Section “Director Compensation”. As printed: 495,500. Filing ↗machine: span 339926–340231
12Section 08, Michael DillardDEF 14A2026-04-300001831481-26-000041Section “Director Compensation”. As printed: 495,500. Filing ↗machine: span 336972–337103
13Section 08, James C. FloresDEF 14A2026-04-300001831481-26-000041Section “Director Compensation”. As printed: 0. Filing ↗
14Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
15Section 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).machine: formula: sums + PSU ratio
16Section 09b board cost (computed)Computed——Cash 0 + equity 1,486,500 + all other 0 = 1,486,500, summed across the director compensation table rows.machine: formula: Σ = 1,486,500
17Sable 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