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,...

Number of Employees

2.07K

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.

SEC Filing

From March 7, 2022

Phillip A. Gobe

Ex-CEO of ProPetro Holding Corp.

PA

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Born

January 1, 1953 - 72 years ago

Is Founder?

No

Tenure

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.