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| | | | | A-1 | | |
| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
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| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
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| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
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| | | |
Name
|
| |
Age
|
| |
Title
|
|
Wouter van Kempen | | |
53
|
| | Chair of the Board | |
Deborah Byers | | |
61
|
| | Director | |
Morris R. Clark | | |
55
|
| | Director | |
Carrie M. Fox | | |
39
|
| | Director | |
Carrie L. Hudak | | |
47
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| | Director | |
James M. Trimble | | |
74
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| | Director | |
Howard A. Willard III | | |
59
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| | Director | |
Jeff E. Wojahn | | |
60
|
| | Director | |
M. Christopher Doyle | | |
50
|
| |
President, Chief Executive Officer and Director
|
|
Brian D. Cain | | |
42
|
| | Chief Sustainability Officer | |
Travis L. Counts | | |
45
|
| | Chief Legal Officer and Secretary | |
Marianella Foschi | | |
35
|
| | Chief Financial Officer | |
Sandra K. Garbiso | | |
44
|
| | Chief Accounting Officer | |
T. Hodge Walker | | |
52
|
| | Chief Operating Officer | |
| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
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| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
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Continuing Directors
|
| |
New Directors in 2023
|
| ||||||||||||||||||||||||||||||||||||||||||||||||
| | |
Morris
Clark |
| |
Carrie Fox
|
| |
Carrie
Hudak |
| |
James
Trimble |
| |
Howard
Willard |
| |
Jeff Wojahn
|
| |
M. Christopher
Doyle |
| |
Deborah
Byers |
| |
Wouter
Van Kempen |
| |||||||||||||||||||||||||||
Leadership Experience | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Industry
|
| | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | | | | | | | ✓ | | | | | | ✓ | | | | | | | | | | | | ✓ | | |
Government / Academic /
Services |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
✓
|
| | | | | | | |
Financial | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Literacy
|
| | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | |
Audit
Committee Financial Expert |
| | | | ✓ | | | | | | | | | | | | | | | | | | ✓ | | | | | | | | | | | | | | | | | | | | | | | | ✓ | | | | | | | | |
Education / Substantive Background | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engineering
|
| | | | | | | | | | ✓ | | | | | | | | | | | | ✓ | | | | | | | | | | | | ✓ | | | | | | ✓ | | | | | | | | | | | | | | |
Accounting
|
| | | | ✓ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ✓ | | | | | | | | |
Finance
|
| | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | | | | | | | ✓ | | |
Legal
|
| | | | ✓ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Sciences
|
| | | | | | | | | | ✓ | | | | | | ✓ | | | | | | | | | | | | | | | | | | ✓ | | | | | | ✓ | | | | | | | | | | | | | | |
Diversity | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gender
|
| | | | | | | | | | ✓ | | | | | | ✓ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ✓ | | | | | | | | |
Ethnicity
|
| | | | ✓ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ✓ | | | | | | | | |
Public Company C-Level Experience | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
CEO
|
| | | | | | | | | | | | | | | | | | | | | | ✓ | | | | | | ✓ | | | | | | | | | | | | ✓ | | | | | | | | | | | | ✓ | | |
CFO
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | ✓ | | | | | | | | | | | | | | | | | | | | | | | | | | |
COO
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | ✓ | | | | | | | | | | | | ✓ | | | | | | | | | | | | ✓ | | |
Private Company C-Level Experience | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
CEO
|
| | | | | | | | | | ✓ | | | | | | | | | | | | ✓ | | | | | | | | | | | | ✓ | | | | | | ✓ | | | | | | | | | | | | | | |
CFO
|
| | | | | | | | | | ✓ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
COO
|
| | | | | | | | | | | | | | | | ✓ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Public Company Board Experience | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Board Member
|
| | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | |
| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
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Name of Director
|
| |
Audit
Committee |
| |
Compensation
Committee |
| |
Nominating &
Corporate Governance Committee |
| |
ESG Committee
|
| ||||||||||||
Independent Directors | | | | | | | | | | | | | | | | | | | | | | | | | |
Deborah Byers
|
| |
|
| | | | | | | | | | | | | |
|
| ||||||
Morris R. Clark
|
| |
|
| |
|
| | | | | | | | | | | | | ||||||
Carrie M. Fox
|
| | | | | | | | | | | | | |
|
| |
|
| ||||||
Carrie L. Hudak
|
| |
|
| | | | | | | | | | | | | |
|
| ||||||
James M. Trimble
|
| |
|
| | | | | | | | | | | | | |
|
| ||||||
Wouter van Kempen
|
| | | | | | | |
|
| |
|
| | | | | | | ||||||
Howard A. Willard III
|
| | | | | | | |
|
| |
|
| | | | | | | ||||||
Jeff E. Wojahn
|
| | | | | | | |
|
| |
|
| | | | | | | ||||||
Inside Director | | | | | | | | | | | | | | | | | | | | | | | | | |
M. Christopher Doyle | | | | | | | | | | | | | | | | | | | | | | | | | |
Number of Meetings in 2022
|
| | | | 5 | | | | | | 6 | | | | | | 6 | | | | | | 5 | | |
|
Legend
|
| | | | |||
|
Board Chair
|
| |
|
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|
Committee Chair
|
| |
|
| | ||
|
Member
|
| |
|
| | ||
|
Financial Expert
|
| |
|
| |
| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
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| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
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| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
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| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
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| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
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| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
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|
|
| |
Pay for Performance — Total compensation of our named executive officers is substantially weighted toward performance-based pay. Seventy-five percent of our long-term incentive awards granted to our named executive officers in 2022 are tied to three-year absolute and relative TSR and are fully at-risk.
|
|
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| |
External Benchmarking — Our Compensation Committee reviews competitive compensation data based on an appropriate group of exploration and production peer companies prior to making annual compensation decisions.
|
|
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| |
Mitigation of Undue Risk — We conduct a risk assessment periodically to carefully consider the degree to which compensation plans and decisions affect risk-taking. We do not believe that any of the compensation arrangements in place are reasonably likely to have a material adverse impact on the Company.
|
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| |
Robust Stock Ownership with No Pledging or Hedging — We have adopted a robust stock ownership policy for our named executive officers and independent directors that also prohibits them from pledging or hedging Company common stock.
|
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Double-Trigger Equity Acceleration upon a Change in Control — Under our Severance Plan and equity award agreements, vesting acceleration of equity incentives following a change in control only occurs if the executive is terminated without cause or resigns for good reason within 12 months following a change in control.
|
|
|
|
| |
Independent Compensation Consultant — We have engaged an independent executive compensation advisor who reports directly to the Compensation Committee and provides no other services to the Company.
|
|
|
|
| |
Focus on Total Compensation — Our Compensation Committee conducts a detailed analysis of total compensation prior to making annual executive compensation decisions.
|
|
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| |
Recoupment Policy — We have adopted a recoupment policy requiring the recoupment of certain incentive compensation paid to officers of the Company when their conduct constitutes “Detrimental Conduct” under the policy, which helps to ensure that officers act in the best interests of the Company, its parents and subsidiaries, and its stakeholders at all times.
|
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| |
No Excise Tax Gross-Ups — Neither our Severance Plan nor our employment arrangements provide for excise tax gross-ups.
|
|
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| |
No Repricing or Backdating — Our LTIP prohibits the repricing, backdating, or buyouts of stock options or stock appreciation rights.
|
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No Hedging or Derivative Transactions in Company Stock — We prohibit our executives from engaging in any short-term trading, short sales, option trading, or hedging transactions related to our common stock.
|
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No Purchases on Margin — We prohibit our executives from purchasing our common stock on margin.
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No Excessive Perquisites — We offer minimal perquisites to the Company’s executives, few of which are not offered to all of the Company’s employees. The Company believes executive salary and LTIP grants fully compensate our executives.
|
|
| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
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| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
25
|
| | | |
|
Peer Group Until July 2022
|
| |||
| Antero Resources Corporation | | | Magnolia Oil & Gas Corporation | |
| APA Corporation | | | Marathon Oil Corporation | |
| California Resources Corporation | | | Matador Resources Company | |
| Callon Petroleum Company | | | Murphy Oil Corporation | |
| Centennial Resource Development, Inc. | | | Oasis Petroleum Inc. | |
| CNX Resources Corporation | | | Ovintiv Inc. | |
| Continental Resources, Inc. | | | PDC Energy, Inc. | |
| Coterra Energy Inc. | | | Range Resources Corporation | |
| Diamondback Energy, Inc. | | | SM Energy Company | |
| Denbury Inc. | | | Southwestern Energy Company | |
| EQT Corporation | | | Whiting Petroleum Company | |
| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
26
|
| | | |
|
2022 Peer Group
|
| |||
| Antero Resources Corporation | | | Murphy Oil Corporation | |
| California Resources Corporation | | | Ovintiv Inc. | |
| Callon Petroleum Company | | | PDC Energy, Inc. | |
| Chord Energy Corporation | | | Permian Resources Corporation | |
| CNX Resources Corporation | | | Range Resources Corporation | |
| Denbury Inc. | | | SM Energy Company | |
| Magnolia Oil & Gas Corporation | | | Southwestern Energy Company | |
| Matador Resources Company | | | | |
| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
27
|
| | | |
Compensation Element
|
| |
Description
|
| |
Purpose
|
|
Base Salary
|
| | Fixed pay for performing day-to-day responsibilities; reflects individual experience, education, tenure in role, performance, internal pay equity, and market compensation based on our peer group | | | Attract and retain qualified employees; and recognize skills, competencies, experience, and individual contributions | |
LTIP
|
| | Equity-based long-term compensation opportunity that encourages executive retention with vesting of awards over multiple years | | | Drive stockholder value creation; align management interests with stockholders; encourage retention; reward the achievement of our long-term goals, and conserve cash resources | |
Severance and Change in Control
|
| | Lump sum cash payments of salary and bonus multiples, accelerated equity vesting, and continuation of COBRA benefits following certain termination events | | | Eliminate or reduce the reluctance of executives to pursue potential corporate transactions that could benefit the Company, but result in adverse consequences to the executive’s employment; and clarify termination benefits | |
Other Compensation: Benefits and Perquisites
|
| | 401(k) match; parking; medical, dental, life and disability insurance, wellness reimbursement | | | Attract and retain highly qualified employees and support the overall health and well-being of all employees | |
| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
28
|
| | | |
Name
|
| |
2022 Base Salary
as of 12/31/22($) |
| |||
M. Christopher Doyle
|
| | | | 1,300,000 | | |
Marianella Foschi
|
| | | | 603,750 | | |
Matthew R. Owens
|
| | | | 735,000 | | |
Travis L. Counts
|
| | | | 682,500 | | |
Sandra K. Garbiso
|
| | | | 525,000 | | |
| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
29
|
| | | |
Performance Metric
|
| |
Description
|
| |
Purpose
|
|
Absolute TSR
|
| | The Company’s absolute TSR, over a three-year period | | | Same purpose as relative TSR | |
Relative TSR
|
| | The Company’s relative TSR as compared to the TSR of the Company’s peer group companies, over a three-year period | | | Most directly aligns the interests of named executive officers and the interests of the Company’s stockholders | |
Name
|
| |
PSUs (#)(1)
|
| |
RSUs (#)(2)
|
| |
Total Long-Term
Equity Grant Value ($)(3) |
| |||||||||
M. Christopher Doyle
|
| | | | 69,641 | | | | | | 56,376 | | | | | | 8,731,021 | | |
Marianella Foschi
|
| | | | 26,660 | | | | | | 8,887 | | | | | | 1,911,094 | | |
Matthew R. Owens
|
| | | | 32,455 | | | | | | 10,818 | | | | | | 2,326,466 | | |
Travis L. Counts
|
| | | | 18,822 | | | | | | 19,143 | | | | | | 2,570,397 | | |
Sandra K. Garbiso
|
| | | | 15,455 | | | | | | 5,152 | | | | | | 1,107,882 | | |
Benjamin Dell
|
| | | | N/A | | | | | | 4,662 | | | | | | 372,913 | | |
Eric T. Greager
|
| | | | N/A | | | | | | N/A | | | | | | N/A | | |
Dean Tinsley(4)
|
| | | | 17,309 | | | | | | 5,770 | | | | | | 1,240,783 | | |
Cyrus “Skip” Marter(5)
|
| | | | 20,091 | | | | | | 6,697 | | | | | | 1,440,190 | | |
| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
30
|
| | | |
Absolute TSR Performance
(3-year Annualized) |
| |
% of Target # Shares Earned
|
|
≥ 20% | | | 200% | |
12% | | | 100% | |
10% | | | 75% | |
5% | | | 25% | |
<0% | | | 0% | |
| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
31
|
| | | |
Relative TSR
Percentile Rank |
| |
% of Target #
PSUs Earned |
|
≥ 90th percentile | | | 200% | |
75th percentile | | | 150% | |
60th percentile | | | 100% | |
25th percentile | | | 25% | |
≤ 25th percentile | | | 0% | |
| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
32
|
| | | |
Name
|
| |
Severance Plan Tier
|
| |||
M. Christopher Doyle
|
| | | | 1 | | |
Marianella Foschi
|
| | | | 2 | | |
Matthew R. Owens
|
| | | | 1 | | |
Travis L. Counts
|
| | | | 2 | | |
Sandra K. Garbiso
|
| | | | 3 | | |
Benjamin Dell
|
| | | | N/A | | |
Eric T. Greager(1)
|
| | | | 1 | | |
Dean Tinsley(1)
|
| | | | 3 | | |
Cyrus “Skip” Marter(1)
|
| | | | 2 | | |
| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
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| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
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|
| | | |
Position
|
| |
Multiple
|
|
President and Chief Executive Officer | | |
5x base salary
|
|
Chief Operating Officer, Chief Financial Officer and General Counsel (Chief
Legal Officer) |
| |
2x base salary
|
|
Chief Accounting Officer, Chief Sustainability Officer, and Senior Vice
Presidents |
| |
1x base salary
|
|
| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
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| | | |
Name and Principal Position(1)
|
| |
Year
|
| |
Salary
($)(2) |
| |
Stock
Awards ($)(3) |
| |
Non-Equity
Incentive Plan Compensation ($)(4) |
| |
All Other
Compensation ($)(5) |
| |
Total
($) |
| ||||||||||||||||||
M. Christopher Doyle
President and Chief Executive Officer |
| | | | 2022 | | | | | | 850,000 | | | | | | 8,731,021 | | | | | | — | | | | | | 44,397 | | | | | | 9,625,418 | | |
Marianella Foschi
Chief Financial Officer |
| | | | 2022 | | | | | | 599,327 | | | | | | 1,911,094 | | | | | | 124,264(6) | | | | | | 48,978 | | | | | | 2,683,663 | | |
| | | 2021 | | | | | | 88,462 | | | | | | — | | | | | | — | | | | | | 1,462 | | | | | | 89,924 | | | ||
Matthew R. Owens
Chief Operating Officer |
| | | | 2022 | | | | | | 729,615 | | | | | | 2,326,466 | | | | | | — | | | | | | 25,030 | | | | | | 3,081,111 | | |
Travis L. Counts
Chief Legal Officer and Secretary |
| | | | 2022 | | | | | | 275,625 | | | | | | 2,570,397 | | | | | | — | | | | | | 40,455 | | | | | | 2,886,477 | | |
Sandra K. Garbiso
Chief Accounting Officer and Treasurer |
| | | | 2022 | | | | | | 521,154 | | | | | | 1,107,882 | | | | | | — | | | | | | 54,320 | | | | | | 1,683,356 | | |
| | | 2021 | | | | | | 306,483 | | | | | | 870,785 | | | | | | 220,644 | | | | | | 19,280 | | | | | | 1,417,192 | | | ||
| | | 2020 | | | | | | 270,133 | | | | | | 371,954 | | | | | | 250,129 | | | | | | 19,091 | | | | | | 911,307 | | | ||
Benjamin Dell(7)
Former Interim Chief Executive Officer |
| | | | 2022 | | | | | | — | | | | | | 372,913 | | | | | | — | | | | | | 631,243 | | | | | | 1,004,156 | | |
Eric Greager(8)
Former President and Chief Executive Officer |
| | | | 2022 | | | | | | 80,385 | | | | | | — | | | | | | — | | | | | | 11,365,523 | | | | | | 11,445,908 | | |
| | | 2021 | | | | | | 529,808 | | | | | | 1,865,983 | | | | | | 521,336 | | | | | | 20,893 | | | | | | 2,938,020 | | | ||
| | | 2020 | | | | | | 473,166 | | | | | | 1,196,349 | | | | | | 586,182 | | | | | | 18,468 | | | | | | 2,274,165 | | | ||
Dean Tinsley(9)
Former Senior Vice President, Operations |
| | | | 2022 | | | | | | 348,775 | | | | | | 1,240,783 | | | | | | — | | | | | | 4,972,028 | | | | | | 6,561,586 | | |
| | | 2021 | | | | | | 340,309 | | | | | | 1,119,541 | | | | | | 244,284 | | | | | | 19,011 | | | | | | 1,723,145 | | | ||
| | | 2020 | | | | | | 299,076 | | | | | | 556,835 | | | | | | 276,928 | | | | | | 18,374 | | | | | | 1,151,213 | | | ||
Cyrus D. Marter(10)
Former General Counsel and Secretary |
| | | | 2022 | | | | | | 415,000 | | | | | | 1,440,190(10) | | | | | | — | | | | | | 2,866,367 | | | | | | 4,721,557 | | |
| | | 2021 | | | | | | 358,300 | | | | | | 1,243,953 | | | | | | 248,224 | | | | | | 19,333 | | | | | | 1,869,810 | | | ||
| | | 2020 | | | | | | 298,145 | | | | | | 625,364 | | | | | | 285,806 | | | | | | 18,395 | | | | | | 1,227,710 | | |
| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
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|
| | | |
Named Executive
Officer |
| |
Reserved
Parking ($)(A) |
| |
401(k)
Employer Match ($) |
| |
Dividend
Equivalents ($)(B) |
| |
Air Travel
($)(C) |
| |
Relocation
Allowance ($)(D) |
| |
Vacation
Payout ($)(E) |
| |
Severance
($)(F) |
| |
Consulting
Fees ($)(G) |
| |
Total
($) |
| |||||||||||||||||||||||||||
M. Christopher Doyle
|
| | | | 2,320 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 42,077 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 44,397 | | |
Marianella Foschi
|
| | | | 3,480 | | | | | | 18,300 | | | | | | 2,546 | | | | | | 0 | | | | | | 24,652 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 48,978 | | |
Matthew R.
Owens |
| | | | 3,480 | | | | | | 18,300 | | | | | | 3,250 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 25,030 | | |
Travis Counts
|
| | | | 1,450 | | | | | | 14,175 | | | | | | 0 | | | | | | 0 | | | | | | 24,830 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 40,455 | | |
Sandra
Garbiso |
| | | | 3,480 | | | | | | 18,300 | | | | | | 32,540 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 54,320 | | |
Benjamin Dell
|
| | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 483,883 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 483,883 | | |
Eric Greager
|
| | | | 290 | | | | | | 18,300 | | | | | | 218,985 | | | | | | 0 | | | | | | 0 | | | | | | 92,308 | | | | | | 10,635,640 | | | | | | 400,000 | | | | | | 11,365,523 | | |
Dean Tinsley
|
| | | | 2,030 | | | | | | 18,300 | | | | | | 240,316 | | | | | | 0 | | | | | | 0 | | | | | | 66,715 | | | | | | 4,644,667 | | | | | | 0 | | | | | | 4,972,028 | | |
Cyrus D.
Marter |
| | | | 2,320 | | | | | | 18,300 | | | | | | 200,477 | | | | | | 0 | | | | | | 0 | | | | | | 78,751 | | | | | | 2,566,519 | | | | | | 0 | | | | | | 2,866,367 | | |
| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
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| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
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|
| | | |
| | | | | | | | |
Committee
Approval Date |
| |
Estimated Future Payouts
Under Equity Incentive Plan Awards(2) |
| |
All Other
Stock Awards; Number of Shares of Stock or Units (#) |
| |
Grant
Date Fair Value of Stock Awards ($)(3) |
| ||||||||||||||||||||||||
Name(1)
|
| |
Grant
Date |
| |
Threshold
(#) |
| |
Target
(#) |
| |
Maximum
(#) |
| ||||||||||||||||||||||||||||||
M. Christopher Doyle | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
RSUs
|
| | | | 05/02/22 | | | | | | 04/20/22 | | | | | | — | | | | | | — | | | | | | — | | | | | | 56,376(4) | | | | | | 3,247,257 | | |
PSUs – aTSR(5)
|
| | | | 05/02/22 | | | | | | 04/20/22 | | | | | | 11,607 | | | | | | 46,427 | | | | | | 92,854 | | | | | | — | | | | | | 3,686,304 | | |
PSUs – rTSR(6)
|
| | | | 05/02/22 | | | | | | 04/20/22 | | | | | | 5,804 | | | | | | 23,214 | | | | | | 46,428 | | | | | | — | | | | | | 1,797,460 | | |
Marianella Foschi | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
RSUs
|
| | | | 02/23/22 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 8,887(4) | | | | | | 407,291 | | |
PSUs – aTSR(5)
|
| | | | 02/23/22 | | | | | | — | | | | | | 4,443 | | | | | | 17,773 | | | | | | 35,546 | | | | | | — | | | | | | 980,714 | | |
PSUs – rTSR(6)
|
| | | | 02/23/22 | | | | | | — | | | | | | 2,222 | | | | | | 8,887 | | | | | | 17,774 | | | | | | — | | | | | | 523,089 | | |
Matthew R. Owens | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
RSUs
|
| | | | 02/23/22 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 10,818(4) | | | | | | 495,789 | | |
PSUs – aTSR(5)
|
| | | | 02/23/22 | | | | | | — | | | | | | 5,409 | | | | | | 21,637 | | | | | | 43,274 | | | | | | — | | | | | | 1,193,930 | | |
PSUs – rTSR(5)
|
| | | | 02/23/22 | | | | | | — | | | | | | 2,705 | | | | | | 10,818 | | | | | | 21,636 | | | | | | — | | | | | | 636,747 | | |
Travis L. Counts | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
RSUs
|
| | | | 08/01/22 | | | | | | 06/28/22 | | | | | | — | | | | | | — | | | | | | — | | | | | | 19,143(4) | | | | | | 1,107,614 | | |
PSUs – aTSR(5)
|
| | | | 08/01/22 | | | | | | 06/28/22 | | | | | | 3,137 | | | | | | 12,548 | | | | | | 25,096 | | | | | | — | | | | | | 996,688 | | |
PSUs – rTSR(6)
|
| | | | 08/01/22 | | | | | | 06/28/22 | | | | | | 1,569 | | | | | | 6,274 | | | | | | 12,548 | | | | | | — | | | | | | 466,095 | | |
Sandra K. Garbiso | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
RSUs
|
| | | | 02/23/22 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 5,152(4) | | | | | | 236,116 | | |
PSUs – aTSR(5)
|
| | | | 02/23/22 | | | | | | — | | | | | | 2,576 | | | | | | 10,303 | | | | | | 20,606 | | | | | | — | | | | | | 568,520 | | |
PSUs – rTSR(6)
|
| | | | 02/23/22 | | | | | | — | | | | | | 1,288 | | | | | | 5,152 | | | | | | 10,304 | | | | | | — | | | | | | 303,247 | | |
Benjamin Dell(7) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
RSUs
|
| | | | 06/01/22 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 4,662 | | | | | | 372,913 | | |
PSUs – aTSR
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
PSUs – rTSR
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Eric T. Greager(8) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
RSUs
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
PSUs – aTSR
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
PSUs – rTSR
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Dean Tinsley(9) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
RSUs
|
| | | | 02/23/22 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 5,770(4) | | | | | | 264,439 | | |
PSUs – aTSR(5)
|
| | | | 02/23/22 | | | | | | — | | | | | | 2,885 | | | | | | 11,539 | | | | | | 23,078 | | | | | | — | | | | | | 636,722 | | |
PSUs – rTSR(6)
|
| | | | 02/23/22 | | | | | | — | | | | | | 1,443 | | | | | | 5,770 | | | | | | 11,540 | | | | | | — | | | | | | 339,622 | | |
Cyrus “Skip” Marter(10) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
RSUs
|
| | | | 02/23/22 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 6,697(4) | | | | | | 306,924 | | |
PSUs – aTSR(5)
|
| | | | 02/23/22 | | | | | | — | | | | | | 3,349 | | | | | | 13,394 | | | | | | 26,788 | | | | | | — | | | | | | 739,081 | | |
PSUs – rTSR(6)
|
| | | | 02/23/22 | | | | | | — | | | | | | 1,674 | | | | | | 6,697 | | | | | | 13,394 | | | | | | — | | | | | | 394,185 | | |
| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
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| | | |
| | | | | | | | |
Option Awards
|
| |
Stock Awards
|
| ||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | |
Non-Qualified Stock Options
|
| |
Restricted Stock Units
|
| |
Performance Stock Unit
Awards |
| |||||||||||||||||||||||||||||||||||||||
Name
|
| |
Grant
Date |
| |
Number of
Securities Underlying Unexercised Options (#) Exercisable |
| |
Number of
Securities Underlying Unexercised Options (#) Unexercisable |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date |
| |
Number of
Shares or Units of Stock That Have not Vested (#) |
| |
Market Value
of Shares or Units of Stock That Have Not Vested ($)(1) |
| |
Equity
Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) |
| |
Equity
Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(1) |
| |||||||||||||||||||||||||||
M. Christopher
Doyle |
| | | | 05/02/22 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 56,376(2) | | | | | | 3,265,862 | | | | | | 69,641(3) | | | | | | 4,034,303 | | |
Marianella Foschi
|
| | | | 01/20/21 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 11,008(4) | | | | | | 637,693 | | | | | | 49,537(4)(5) | | | | | | 2,869,678 | | |
| | | | | 02/23/22 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 8,887(2) | | | | | | 514,824 | | | | | | 26,660(3) | | | | | | 1,544,414 | | |
Matthew R. Owens
|
| | | | 01/20/21 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 14,052(4) | | | | | | 814,032 | | | | | | 63,239(4)(5) | | | | | | 3,663,435 | | |
| | | | | 02/23/22 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 10,818 | | | | | | 626,687 | | | | | | 32,455(3) | | | | | | 1,880,118 | | |
Travis L. Counts
|
| | | | 08/01/22 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 19,143(2) | | | | | | 1,108,954 | | | | | | 18,822(3) | | | | | | 1,090,358 | | |
Sandra K. Garbiso
|
| | | | 06/22/20 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,903(2) | | | | | | 168,171 | | | | | | — | | | | | | — | | |
| | | | | 05/28/21 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 4,000(2) | | | | | | 231,720 | | | | | | 9,371(3) | | | | | | 542,862 | | |
| | | | | 02/23/22 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 5,152(2) | | | | | | 298,455 | | | | | | 15,455(3) | | | | | | 895,308 | | |
Benjamin Dell(6)
|
| | | | 06/01/22 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,331(2) | | | | | | 135,035 | | | | | | — | | | | | | — | | |
Eric T. Greager(7)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Dean Tinsley(8)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Cyrus D. Marter(9)
|
| | | | 04/28/17 | | | | | | 12,380 | | | | | | — | | | | | | 34.36 | | | | | | 04/28/27 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
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|
| | | |
| | |
Stock Awards
|
| |||||||||
Name
|
| |
Number of Shares
Acquired on Vesting(1) |
| |
Value Realized
on Vesting ($)(2) |
| ||||||
M. Christopher Doyle
|
| | | | 0 | | | | | | 0 | | |
Marianella Foschi
|
| | | | 5,504 | | | | | | 304,206 | | |
Matthew R. Owens
|
| | | | 7,027 | | | | | | 388,382 | | |
Travis L. Counts
|
| | | | 0 | | | | | | 0 | | |
Sandra Garbiso
|
| | | | 19,414 | | | | | | 1,236,075 | | |
Benjamin Dell(3)
|
| | | | 7,250 | | | | | | 428,703 | | |
Eric Greager(4)
|
| | | | 148,794 | | | | | | 8,204,965 | | |
Dean Tinsley(5)
|
| | | | 68,771 | | | | | | 4,153,560 | | |
Cyrus “Skip” Marter(6)
|
| | | | 51,233 | | | | | | 3,343,905 | | |
| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
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| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
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|
| | | |
Name
|
| |
Plan
|
| |
Registrant
Contributions in Last FY ($)(1) |
| |
Aggregate Balance at
Last FYE ($)(2) |
| ||||||
Benjamin Dell
|
| |
Extraction LTIP (Deferred RSU Award)
|
| | | | 22,006 | | | | | | 1,036,785 | | |
| CIVITAS RESOURCES, INC. 2023 Proxy Statement | | |
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|
| | | |
Name
|
| |
Payment Type
|
| |
Termination
without Cause or Resignation for Good Reason ($) |
| |
Termination
for Disability or Death ($) |
| |
Termination
Without Cause or Resignation for Good Reason/ Change in Control ($) |
| |
Retirement
($) |
| ||||||||||||
M. Christopher Doyle(7)
|
| |
Cash Severance(1)
|
| | | | 2,600,000 | | | | | | — | | | | | | 3,900,000 | | | | | | — | | |
| RSUs(2) | | | | | 790,775 | | | | | | 3,551,970 | | | | | | 3,551,970 | | | | | | — | | | ||
| PSUs(3) | | | | | 1,615,513 | | | | | | 4,387,731 | | | | | | 8,775,462 | | | | | | — | | | ||
|
Health Payment(4)
|
| | | | 44,131 | | | | | | — | | | | | | 44,131 | | | | | | — | | | ||
| TOTAL | | | | | 5,050,419 | | | | | | 7,939,701 | | | | | | 16,271,563 | | | | | | — | | | ||
Matthew R. Owens(8)
|
| |
Cash Severance(1)
|
| | | | 1,470,000 | | | | | | — | | | | | | 2,205,000 | | | | | | — | | |
| RSUs(2) | | | | | 628,558 | | | | | | 1,603,588 | | | | | | 1,603,588 | | | | | | — | | | ||
| PSUs(3) | | | | | 3,135,693 | | | | | | 5,747,614 | | | | | | 12,348,955 | | | | | | — | | | ||
|
Health Payment(4)
|
| | | | 44,131 | | | | | | — | | | | | | 44,131 | | | | | | — | | | ||
| TOTAL | | | | | 5,278,382 | | | | | | 7,351,203 | | | | | | 16,201,674 | | | | | | — | | | ||
Travis L. Counts
|
| |
Cash Severance(1)
|
| | | | 1,023,750 | | | | | | — | | | | | | 1,706,250 | | | | | | — | | |
| RSUs(2) | | | | | 164,710 | | | | | | 1,180,022 | | | | | | 1,180,022 | | | | | | — | | | ||
| PSUs(3) | | | | | 427,183 | | | | | | 1,160,235 | | | | | | 2,320,470 | | | | | | — | | | ||
|
Health Payment(4)
|
| | | | 22,066 | | | | | | | | | | | | 33,099 | | | | | | — | | | ||
| TOTAL | | | | | 1,637,709 | | | | | | 2,340,258 | | | | | | 5,239,841 | | | | | | — | | | ||
Marianella Foschi
|
| |
Cash Severance(1)
|
| | | | 905,625 | | | | | | — | | | | | | 1,509,375 | | | | | | — | | |
| RSUs(2) | | | | | 499,908 | | | | | | 1,282,698 | | | | | | 1,282,698 | | | | | | — | | | ||
| PSUs(3) | | | | | 2,767,385 | | | | | | 4,916,092 | | | | | | 9,832,183 | | | | | | — | | | ||
|
Health Payment(4)
|
| | | | 8,543 | | | | | | — | | | | | | 12,815 | | | | | | — | | | ||
| TOTAL | | | | | 4,181,461 | | | | | | 6,198,790 | | | | | | 12,637,071 | | | | | | — | | | ||
Sandra Garbiso
|
| |
Cash Severance(1)
|
| | | | 525,000 | | | | | | — | | | | | | 1,050,000 | | | | | | — | | |
| RSUs(2) | | | | | 272,561 | | | | | | 782,167 | | | | | | 782,167 | | | | | | — | | | ||
| PSUs(3) | | | | | 484,910 | | | | | | 1,605,157 | | | | | | 3,210,315 | | | | | | — | | | ||
|
Health Payment(4)
|
| | | | 22,066 | | | | | | — | | | | | | 33,099 | | | | | | — | | | ||
| TOTAL | | | | | 1,304,537 | | | | | | 2,387,324 | | | | | | 5,075,581 | | | | | | — | | | ||
Benjamin Dell(5)
|
| |
Cash Severance
|
| | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | | |
| RSUs | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | ||
| PSUs | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | ||
| Health Payment | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | ||
| TOTAL | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | ||
Eric T. Greager(6)
|
| |
Cash Severance
|
| | | | — | | | | | | — | | | | | | 2,400,000 | | | | | | — | | |
| RSUs | | | | | | | | | | | | | | | | | 5,589,592 | | | | | | — | | | ||
| PSUs | | | | | — | | | | | | — | | | | | | 2,792,346 | | | | | | — | | | ||
| Health Payment | | | | | — | | | | | | — | | | | | | 53,351 | | | | | | — | | | ||
| TOTAL | | | | | — | | | | | | — | | | | | | 10,835,289 | | | | | | — | | | ||
Dean Tinsley(7)
|
| |
Cash Severance
|
| | | | — | | | | | | — | | | | | | 1,176,000 | | | | | | — | | |
| RSUs | | | | | — | | | | | | — | | | | | | 955,576 | | | | | | — | | | ||
| PSUs | | | | | — | | | | | | — | | | | | | 2,696,952 | | | | | | — | | | ||
| Health Payment | | | | | — | | | | | | — | | | | | | 33,099 | | | | | | — | | | ||
| TOTAL | | | | | — | | | | | | — | | | | | | 4,861,627 | | | | | | — | | | ||
Cyrus D. Marter(8)
|
| |
Cash Severance
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| RSUs | | | | | — | | | | | | — | | | | | | — | | | | | | 746,092 | | | ||
| PSUs | | | | | — | | | | | | — | | | | | | — | | | | | | 1,978,557 | | | ||
| Health Payment | | | | | — | | | | | | — | | | | | | — | | | | | | 33,099 | | | ||
| TOTAL | | | | | — | | | | | | — | | | | | | — | | | | | | 2,757,748 | | |
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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Average Summary Compensation Table Total for Non-PEO NEOs(5) | | | Average Compensation Actually Paid to Non-PEO NEOs (4)(5) | | | Value of Initial Fixed $100 Investment Based On: | | | | | | | | | | | |||||||||||||||
Year | | | Summary Compensation Table Total for PEO 1(1) | | | Compensation Actually Paid to PEO 1(4) | | | Summary Compensation Table Total for PEO 2(2) | | | Compensation Actually Paid to PEO 2(4) | | | Summary Compensation Table Total for PEO 3(3) | | | Compensation Actually Paid to PEO 3(4) | | | Total Shareholder Return(6) | | | Peer Group Total Shareholder Return(6) | | | Net Income(7) | | | Total Shareholder Return | | |||||||||||||||||||||||||||||||||||||||
2022 | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | | |||||||||||
2021 | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | | |||||||
2020 | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | |
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Fiscal Year | | | Executives | | | SCT (A) | | | Minus Stock Award Values from SCT (B) | | | Year End Value of New Awards (C1) | | | Change in Value of Unvested Awards (C2) | | | Change in Value of Vested Awards (C3) | | | Total Equity CAP (D) = (C1) + +(C2)+(C3) | | | CAP (E) = (A)+(B)+(D) | | |||||||||||||||||||||
2022 | | | PEO 1 – Mr. Doyle | | | | $ | | | | | $ | ( | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||||
| PEO-2 – Mr. Dell | | | | $ | | | | | $ | ( | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||||||
| PEO 3 – Mr. Greager | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | ( | | | | | $ | ( | | | | | $ | | | |||||||
| Non-PEO NEOs | | | | $ | | | | | $ | ( | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||||||
2021 | | | PEO 3 – Mr. Greager | | | | $ | | | | | $ | ( | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||||
| Non-PEO NEOs | | | | $ | | | | | $ | ( | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||||||
2020 | | | PEO 3 – Mr. Greager | | | | $ | | | | | $ | ( | | | | | $ | | | | | $ | ( | | | | | $ | ( | | | | | $ | | | | | $ | | | ||||
| Non-PEO NEOs | | | | $ | | | | | $ | ( | | | | | $ | | | | | $ | ( | | | | | $ | ( | | | | | $ | | | | | $ | | |
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| | | |
Board/Committee
|
| |
Committee
Chair Compensation ($) |
| |||
Audit Committee Chair
|
| | | | 25,000 | | |
Compensation Chair
|
| | | | 20,000 | | |
ESG Committee Chair
|
| | | | 20,000 | | |
Nominating and Corporate Governance Chair
|
| | | | 15,000 | | |
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Name
|
| |
Fees Earned or
Paid in Cash ($)(1) |
| |
Stock
Awards ($)(2) |
| |
Dividends Earned and
Paid in Cash on Deferred RSUs(3) |
| |
Total ($)
|
| ||||||||||||
Morris R. Clark
|
| | | $ | 25,000(4) | | | | | $ | 372,913 | | | | | $ | 147,360 | | | | | $ | 545,273 | | |
Carrie M. Fox
|
| | | $ | 0 | | | | | $ | 372,913 | | | | | $ | 147,360 | | | | | $ | 520,273 | | |
Carrie L. Hudak
|
| | | $ | 19,982(5) | | | | | $ | 372,913 | | | | | $ | 45,257 | | | | | $ | 438,152 | | |
Brian Steck
|
| | | $ | 14,986(6) | | | | | $ | 372,913 | | | | | $ | 45,257 | | | | | $ | 433,156 | | |
James M. Trimble
|
| | | $ | 0 | | | | | $ | 372,913 | | | | | $ | 45,257 | | | | | $ | 418,170 | | |
Howard A. Willard III
|
| | | $ | 20,000(7) | | | | | $ | 372,913 | | | | | $ | 147,360 | | | | | $ | 540,273 | | |
Jeffrey E. Wojahn
|
| | | $ | 0 | | | | | $ | 372,913 | | | | | $ | 45,257 | | | | | $ | 418,170 | | |
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Name
|
| |
RSUs
Outstanding and Deferred(a) (#) |
| |||
Morris R. Clark
|
| | | | 24,336 | | |
Carrie M. Fox
|
| | | | 24,336 | | |
Carrie L. Hudak
|
| | | | 8,097 | | |
Brian Steck
|
| | | | 8,097 | | |
James M. Trimble
|
| | | | 8,097 | | |
Howard A. Willard III
|
| | | | 24,336 | | |
Jeffrey E. Wojahn
|
| | | | 8,097 | | |
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Equity Compensation Plan Information
|
| ||||||||||||||||||
Plan category
|
| |
Number of securities
to be issued upon exercise of outstanding options, warrants and rights |
| |
Weighted-average
exercise price of outstanding options, warrants and rights |
| |
Number of securities
remaining available for future issuance under equity compensation plans (excluding securities reflected in first column) |
| |||||||||
Equity compensation plans approved by security holders
|
| | | | 751,607(1) | | | | | $ | 34.36(2) | | | | | | 928,590(3) | | |
Equity compensation plans not approved by security holders
|
| | | | 631,347(4) | | | | | | N/A | | | | | | 2,430,898(5) | | |
Total
|
| | | | 1,382,954 | | | | | | — | | | | | | 3,359,488 | | |
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Name of Beneficial Owner
|
| |
Common
Stock Beneficially Owed |
| |
Warrants
|
| |
Restricted
Stock Units(1)(2) |
| |
Deferred
Restricted Stock Units |
| |
Non-
Qualified Stock Options |
| |
Total Stock
and Stock-Based Holdings |
| |
Percentage
of Class(3) |
| |||||||||||||||||||||
Significant Stockholders | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Canada Pension Plan Investment
Board(4) |
| | | | 16,480,721 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 16,480,721 | | | | | | 20.5 | | |
Kimmeridge Energy Management Company, LLC(5)
|
| | | | 11,644,497 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 11,644,497 | | | | | | 14.5 | | |
BlackRock, Inc.(6)
|
| | | | 9,400,196 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 9,400,196 | | | | | | 11.7 | | |
The Vanguard Group(7)
|
| | | | 8,477,400 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 8,477,400 | | | | | | 10.6 | | |
FMR LLC(8)
|
| | | | 5,273,182 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 5,273,182 | | | | | | 6.6 | | |
Directors and Named Executive Officers | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Deborah Byers(9)
|
| | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 1,305 | | | | | | 0 | | | | | | 1,305 | | | | | | * | | |
Morris A. Clark(9)
|
| | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 24,336 | | | | | | 0 | | | | | | 24,336 | | | | | | * | | |
Carrie M. Fox(9)
|
| | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 24,336 | | | | | | 0 | | | | | | 24,336 | | | | | | * | | |
Carrie L. Hudak(9)
|
| | | | 14,939 | | | | | | 0 | | | | | | 0 | | | | | | 8,097 | | | | | | 0 | | | | | | 23,036 | | | | | | * | | |
James M. Trimble(9)
|
| | | | 26,882 | | | | | | 0 | | | | | | 0 | | | | | | 8,097 | | | | | | 0 | | | | | | 34,979 | | | | | | * | | |
Wouter van Kempen(9)
|
| | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 1,305 | | | | | | 0 | | | | | | 1,305 | | | | | | * | | |
Howard A. Willard(9)
|
| | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 24,336 | | | | | | 0 | | | | | | 24,336 | | | | | | * | | |
Jeffrey E. Wojahn(9)
|
| | | | 21,769 | | | | | | 0 | | | | | | 0 | | | | | | 8,097 | | | | | | 0 | | | | | | 29,866 | | | | | | * | | |
M. Christopher Doyle(9)(10)
|
| | | | 33,623 | | | | | | 0 | | | | | | 84,668 | | | | | | 0 | | | | | | 0 | | | | | | 118,291 | | | | | | * | | |
Marianella Foschi(10)(11)
|
| | | | 8,253 | | | | | | 955 | | | | | | 22,398 | | | | | | 0 | | | | | | 0 | | | | | | 31,606 | | | | | | * | | |
Matthew R. Owens(10)(12)
|
| | | | 10,344 | | | | | | 0 | | | | | | 25,064 | | | | | | 0 | | | | | | 0 | | | | | | 35,408 | | | | | | * | | |
Travis L. Counts(10)
|
| | | | 3,556 | | | | | | 0 | | | | | | 26,408 | | | | | | 0 | | | | | | 0 | | | | | | 29,964 | | | | | | * | | |
Sandra K. Garbiso(10)
|
| | | | 25,322 | | | | | | 0 | | | | | | 15,630 | | | | | | 0 | | | | | | 0 | | | | | | 40,952 | | | | | | * | | |
Benjamin Dell(10)(13)
|
| | | | 24,336 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 24,336 | | | | | | * | | |
Eric Greager(10)(14)
|
| | | | 50,400 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 50,400 | | | | | | * | | |
Dean Tinsley(10)(15)
|
| | | | 39,604 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 39,604 | | | | | | * | | |
Cyrus D. Marter IV(10)(16)
|
| | | | 72,449 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 72,449 | | | | | | * | | |
All current directors and executive officers
as a group (14 persons)(17) |
| | | | 135,044 | | | | | | 955 | | | | | | 189,257 | | | | | | 99,909 | | | | | | 0 | | | | | | 425,165 | | | | | | * | | |
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Description
|
| |
2022 ($)
|
| |
2021 ($)
|
| ||||||
Audit Fees(1)
|
| | | | 1,944,883 | | | | | | 1,707,292 | | |
Audit-Related Fees(2)
|
| | | | 233,443 | | | | | | 1,169,626 | | |
Tax Fees(3)
|
| | | | 828,738 | | | | | | 645,911 | | |
All Other Fees
|
| | | | — | | | | | | — | | |
Total
|
| | | | 3,007,064 | | | | | | 3,522,829 | | |
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