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...

Number of Employees

330

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).

SEC Filing

From April 21, 2023

Jamie Welch

CEO of Kinetik Holdings

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Education

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

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1967 - 58 years ago

Is Founder?

No

Current Tenure

2 years 11 months (Feb 2022 - Present)

Previous Experience

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