Mark G. Papa's holdings in Permian Resources Corporation provide a window into his financial strategy and market outlook. In recent years before his retirement, he emphasized cash compensation over stock options, notably having declined stock grants in 2019 and 2020....

Mark G. Papa's holdings in Permian Resources Corporation provide a window into his financial strategy and market outlook. In recent years before his retirement, he emphasized cash compensation over stock options, notably having declined stock grants in 2019 and 2020. This indicates a preference for immediate returns amid fluctuating market conditions. Over the years, his total compensation peaked in 2017 at about $2.84 million, which included a hefty $2.04 million bonus reflecting strong performance metrics set by the company. However, by 2020, his total compensation dropped significantly to around $800,927 as his retirement was finalized. This shift from equity to cash highlights a transition that might resonate with executives focusing on short-term market stability rather than potential long-term equity gains, reflecting the broader challenges faced within the industry during that period.