Sundar PichaiSundar Pichai earned $164M in 2023

Sean R. Smith, a finance expert, holds a B.S. in Business Administration from the University of Texas at Austin. He served as the CEO of Permian Resources Corporation from June 2020 until December 2022, when he moved to the role...

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Sean R. Smith

Ex-CEO of Permian Resources

Education

B.S. in Business Administration from the University of Texas at Austin

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Energy

Born

January 1, 1977 - 48 years ago

CEO of Permian Resources for

2 years 6 months (Jun 2020 - Dec 2022)

Previous Experience

Chief Operating Officer of Permian Resources Corporation

Holdings

See how much did Sean R. Smith make over time.

Sean R. Smith has seen impressive changes in his stock holdings over time. Starting at $22.34 million in September 2022, his holdings peaked at $53.30 million by April 2024. There were ups and downs, with values fluctuating regularly. For instance,...

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Insider Trading

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PR

178,784 shares

PR

Sep 1, 2022

Received

Compensation History

See how much did Sean R. Smith make over time.

In 2022, Sean R. Smith's total compensation reached $21.83 million. This figure includes his base salary of $692,862, with no bonuses awarded as he transitioned to Executive Chair. A significant portion came from vested stock valued at approximately $1.5 million. Notably, he received $6.54 million in cash severance payments during this transition. His compensation reflects a strategy focused more on long-term rewards rather than short-term incentives, aiming to retain capable leadership while aligning with shareholder interests.

Year

2022

Total Compensation

$8.84M

Salary

$692.86K

Board Justification

The compensation philosophy emphasizes performance-based compensation aligned with shareholder interests, focusing on long-term value creation and retention of key executives.

Bonus

$0.00

Board Justification

No bonus was awarded for 2022 as Mr. Smith transitioned to Executive Chair and did not participate in the Annual Incentive Program.

Other

$6.65M

Board Justification

Other compensation includes cash severance payments of $6,543,110 received upon his departure from the organization, along with matching contributions to the 401(k) Plan and imputed income associated with reserved parking and company-paid life insurance.

Restricted Stock

$1.50M(178.78K Restricted Stock)

Board Justification

Mr. Smith received 178,784 shares of restricted stock granted as part of his long-term incentive award, which vests in equal installments over three years, subject to continued employment.

Performance Metrics

Performance metrics for 2022 included financial, operational, and strategic goals aligned with shareholder value creation.