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Phillip A. Gobe is the former CEO of ProPetro Holding Corp., a key player in the oilfield services industry. He took charge on March 13, 2020, and led the company through some challenging times. With a strong background in management,...

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Phillip A. Gobe

Ex-CEO of ProPetro Holding Corp.

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Sector of Economy

Energy

Born

January 1, 1953 - 72 years ago

CEO of ProPetro Holding Corp. for

1 year 5 months (Mar 2020 - Aug 2021)

Previous Experience

Served as Executive Chairman of the Board and has extensive experience in the energy sector.

Holdings

See how much did Phillip A. Gobe make over time.

Phillip A. Gobe's holdings in ProPetro Holdings are noteworthy. He witnessed significant increases in his holdings, peaking at around $5.25 million in March 2022. His insider trading activity showed considerable fluctuations, with monthly values ranging from $1.14 million to over...

Jan 24, 2025

Total Stock Sold

$3.17M

PUMP

$3.17M

277,860 PUMP shares

What if they kept their stock?

If Phillip A. Gobe didn't sell their stock, today they would have:
Extra PUMP277,860 shares worth $1.15M.
This is -63.67% and $2.02M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Phillip A. Gobe.

PUMP

$220.00K

PUMP at $11.00/share

Sep 18, 2023

Sale

PUMP

$157.50K

PUMP at $10.50/share

Sep 12, 2023

Sale

PUMP

$200.20K

PUMP at $10.01/share

Sep 1, 2023

Sale

PUMP

$364.70K

PUMP at $10.42/share

Aug 1, 2023

Sale

PUMP

$200.00K

PUMP at $10.00/share

Jul 19, 2023

Sale

PUMP

252,393 shares

PUMP

Feb 1, 2023

Received

PUMP

$748.17K

PUMP at $11.36/share

Nov 15, 2022

Sale

PUMP

$220.00K

PUMP at $10.00/share

Oct 6, 2022

Sale

PUMP

$555.20K

PUMP at $13.88/share

Jun 7, 2022

Sale

PUMP

$490.40K

PUMP at $12.26/share

May 12, 2022

Sale

Compensation History

See how much did Phillip A. Gobe make over time.

In 2021, Phillip A. Gobe’s total compensation amounted to $3.4 million, combining salary, bonuses, and other benefits. His base salary was around $800,000, which was standard for a CEO of his stature. Additionally, he earned a bonus of $861,200, nearly reaching his target performance goals. Contributions to the company’s 401(k) plan and other compensation brought his total to that significant figure. The previous year, in 2020, he had a much higher total compensation of $5.09 million, largely due to the vested stock units which were valued at over $2 million at the time. His compensation reflects the company's performance metrics tied to financial targets and operational safety goals, reinforcing a results-driven approach. Gobe’s compensation structure likely motivated him and the executive team to strive for excellence amid the challenges in the oil and gas industry.

Year

2021

Total Compensation

$4.48M

Salary

$810.00K

Board Justification

The compensation philosophy is designed to reward exceptional performance, align executive interests with those of stockholders, and remain competitive in the industry to attract and retain talent.

Bonus

$861.20K

Board Justification

The annual cash incentive bonus is based on the achievement of performance goals, with a target bonus of 100% of base salary. For 2021, Mr. Gobe achieved 99% of the target bonus opportunity.

Other

$29.17K

Board Justification

Other compensation includes vehicle allowance, contributions to the 401(k) plan, and other perquisites.

Restricted Stock

$2.77M(342.56K RSU and PSU)

Board Justification

The vested stock includes RSUs and PSUs that were granted in prior years and vested in 2021, with the total number of shares vested being 342,564.

Performance Metrics

Performance metrics for the CEO's compensation include financial performance measures such as Adjusted EBITDA, Free Cash Flow, and safety metrics.

Other ProPetro Holding Corp. CEOs

Here are other CEOs of ProPetro Holding Corp.