Michael L. Hollis, born in 1970, has a solid background in the energy industry. He graduated with a Bachelor of Science in Chemical Engineering from Louisiana State University. He started his career at ConocoPhillips as a senior drilling engineer and...

Number of Employees

1.02K

Year

2019

Total Compensation

$1.05M

Salary

$500.00K

Board Justification

The compensation philosophy focuses on aligning executive pay with company performance, utilizing peer benchmarking to ensure competitiveness and retention of top talent.

Bonus

$200.00K

Board Justification

The bonus is based on the company's performance metrics including production growth and cost management for the year 2019.

Other

$50.00K

Board Justification

Other compensation includes retirement contributions and health benefits provided in 2019.

Restricted Stock

$300.00K(10K RSU)

Board Justification

The stock that vested in 2019 was part of a long-term incentive plan that rewards performance over a three-year period, with vesting occurring upon achievement of specific performance targets.

Performance Metrics

Performance metrics include production growth, cost management, and shareholder return.

SEC Filing

From April 24, 2020

Michael L. Hollis

Ex-CEO of Diamondback Energy

ML

Education

Bachelor of Science in Chemical Engineering from Louisiana State University

Field of Expertise

Technology & Engineering - Engineering

Born

January 1, 1970 - 55 years ago

Is Founder?

No

Tenure

2 years 8 months (Jan 2017 - Sep 2019)

Previous Experience

Vice President-Drilling at Diamondback Energy, Inc.