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...

Current Market Cap

$9.79B

Number of Employees

461

Total Compensation

2020 - 2022

Trending up by 1110.75% last year
Showing total compensation for the last 2020 - 2022

Stock

Up by 0.00% last year

Salary

Down by -2.18% last year

Bonus

Up by 0.00% last year

Other

Up by 30550.22% last year

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.

SEC Filing

From April 11, 2023