Samuel D. Sledge has been the CEO of ProPetro Holding Corp. since August 31, 2021. He came into this role after serving as the President of the company. Sledge has a practical background, starting with his education featuring a Bachelor...

Number of Employees

2.07K

Year

2023

Total Compensation

$1.80M

Salary

$800.00K

Board Justification

The compensation philosophy aligns executive compensation with company performance, peer benchmarking, and retention strategies, ensuring a significant portion is performance-based.

Bonus

$735.80K

Board Justification

The actual payout as a percentage of target bonus was 87.6% based on performance metrics including Adjusted EBITDA and Free Cash Flow.

Other

$41.41K

Board Justification

Other compensation includes vehicle allowance, 401(k) contributions, and club dues.

Restricted Stock

$224.60K(268.13K RSU)

Board Justification

The RSUs vested in 2023 include 73,281 shares from prior grants and 174,358 shares from the 2023 grant, all of which are subject to continued employment.

Performance Metrics

The performance metrics for the CEO's compensation in 2023 included Adjusted EBITDA, Free Cash Flow, and safety metrics, with a strong emphasis on achieving financial targets.

SEC Filing

From March 21, 2024

Samuel D. Sledge

CEO of ProPetro Holding Corp.

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Education

Bachelor of Business Administration and a Masters of Business Administration from Baylor University

Field of Expertise

Business & Management

Born

January 1, 1987 - 38 years ago

Is Founder?

No

Current Tenure

3 years 4 months (Aug 2021 - Present)

Previous Experience

Served as President and Chief Strategy and Administrative Officer at ProPetro.