Kaes Van't Hof is the CEO of Diamondback Energy, leading the company since March 2019. With a Bachelor’s degree in Business Administration, he brings a strong business mindset to the energy sector. Before becoming CEO, he worked with Diamondback as...

Current Market Cap

$32.12B

Number of Employees

1.02K

Total Compensation

2019 - 2023

Trending down by -67.89% last year
Showing total compensation for the last 2019 - 2023

Stock

Down by -85.00% last year

Salary

Up by 5.56% last year

Bonus

Down by -80.00% last year

Other

Up by 0.00% last year

Year

2023

Total Compensation

$1.75M

Salary

$950.00K

Board Justification

The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies, ensuring that the CEO's interests are aligned with those of shareholders.

Bonus

$300.00K

Board Justification

The bonus is based on the company's performance metrics including revenue growth and operational efficiency for the year 2023.

Other

$50.00K

Board Justification

Other compensation includes retirement contributions and health benefits for the year 2023.

Restricted Stock

$450.00K(15K RSU)

Board Justification

15,000 shares of RSUs vested in 2023 as part of the long-term incentive plan, based on performance criteria being met.

Performance Metrics

Performance metrics include revenue growth, operational efficiency, and total shareholder return.

SEC Filing

From April 25, 2024