Sundar PichaiSundar Pichai earned $164M in 2023

Jamie Welch is the CEO of Kinetik Holdings Inc., where he takes charge of operations and management in the midstream energy sector. He completed his B.S. at the University of Nebraska and his M.S. in Mineral Economics from the Colorado...

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Jamie Welch

CEO of Kinetik Holdings

Education

Bachelor of Law and a Diploma of Legal Practice from Queensland University of Technology

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Energy

Born

January 1, 1967 - 58 years ago

CEO of Kinetik Holdings for

3 years 2 months (Feb 2022 - Present)

Previous Experience

Group Chief Financial Officer and Head of Business Development for Energy Transfer Equity, L.P.

Holdings

See how much did Jamie Welch make over time.

Jamie Welch's holdings reveal his deep commitment to Kinetik Holdings. As of 2024, he owns around 3.57 million shares of Class A Common Stock and about 798,320 Class C shares. This amounts to his total ownership being valued at over...

Total Stock Sold

$622.50K

SHAK

$622.50K

11,176 SHAK shares

What if they kept their stock?

If Jamie Welch didn't sell their stock, today they would have:
Extra SHAK11,176 shares worth $482.69K.
This is -22.46% and $139.81K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Jamie Welch.

KNTK

$499.97K

KNTK at $33.75/share

Mar 18, 2024

Purchase

KNTK

55,493 shares

KNTK

Mar 7, 2024

Received

KNTK

$1.00M

KNTK at $31.50/share

Dec 14, 2023

Purchase

KNTK

$286.33K

KNTK at $35.24/share

Aug 21, 2023

Purchase

KNTK

$217.91K

KNTK at $31.13/share

Mar 31, 2023

Purchase

KNTK

48,699 shares

KNTK

Mar 10, 2023

Received

KNTK

$187.40K

KNTK at $32.97/share

Sep 30, 2022

Purchase

KNTK

$905.85K

KNTK at $36.60/share

Sep 21, 2022

Purchase

KNTK

$42.38K

KNTK at $38.53/share

Aug 17, 2022

Purchase

KNTK

1,357,531 shares

KNTK

Feb 22, 2022

Received

Compensation History

See how much did Jamie Welch make over time.

In 2023, Jamie Welch's compensation package was $2,321,989, with the bulk coming from performance and equity compensation. His salary was $676,000, and he earned $237,276 from annual incentives. Notably, instead of cash bonuses, he opted for fully vested shares, demonstrating confidence in Kinetik's future. In previous years, his compensation also saw significant jumps; from 2020 to 2021 it rose to about $463,368 and then $1,184,860 in 2022, a strong indicator of his growing influence and the company's expansion. This compensation strategy aligns with Kinetik's goal to incentivize growth and performance based on key metrics like market performance and environmental goals, emphasizing a results-driven approach in executive compensation. Welch’s recent raises, aligned with market standards, showcase an effort to retain top talent and motivate for high performance.

Year

2022

Total Compensation

$1.18M

Salary

$534.42K

Board Justification

The objectives of the compensation program for the NEOs are to attract, motivate and retain talented individuals who are committed to achieving our long-term strategic objectives and creating stockholder value. Our compensation program is designed to align the incentives of our executives with our stockholders’ interests, and to promote the achievement of key corporate performance measures as determined by the Compensation Committee each year.

Bonus

$644.34K

Board Justification

The amounts included in this column reflect the amount of the 2022 annual incentive awards earned by each of Messrs. Welch, Wall, Stellato and Carpenter and Ms. Psencik based upon the Company’s achievement of objective performance metrics. Each of Messrs. Welch, Wall, Stellato and Carpenter and Ms. Psencik elected to receive their 2022 annual incentive awards in the form of fully vested shares of Class A Common Stock rather than cash.

Other

$6.10K

Board Justification

Amounts reported in the 'All Other Compensation' column for Messrs. Welch, Wall, Stellato and Carpenter and Ms. Psencik include non-elective contributions to each such NEO’s 401(k) plan account.

Restricted Stock

$0.00(0 Class A Shares)

Board Justification

No additional stock awards were granted to Mr. Welch in 2022 outside the merger consideration described above under 'Compensation Discussion and Analysis—2022 Post-Transaction NEO Compensation—Equity Awards—Consideration Allocation Shares.'

Performance Metrics

Adjusted EBITDA, ESG factors including goals with respect to Scope 1 and Scope 2 greenhouse gas intensity ratio, methane intensity ratio, management diversity, total recordable incident rate (TRIR) and motor vehicle incident rate (MVIR).

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