i3 Energy Plc

TSX:ITE Stock Report

Market Cap: CA$276.6m

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i3 Energy Management

Management criteria checks 4/4

i3 Energy's CEO is Majid Shafiq, appointed in Oct 2018, has a tenure of 6.08 years. total yearly compensation is £667.00K, comprised of 75% salary and 25% bonuses, including company stock and options. directly owns 0.84% of the company’s shares, worth CA$2.32M. The average tenure of the management team and the board of directors is 4.5 years and 6.3 years respectively.

Key information

Majid Shafiq

Chief executive officer

UK£667.0k

Total compensation

CEO salary percentage75.0%
CEO tenure6.1yrs
CEO ownership0.8%
Management average tenure4.5yrs
Board average tenure6.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Majid Shafiq's remuneration changed compared to i3 Energy's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024n/an/a

UK£13m

Mar 31 2024n/an/a

-UK£1m

Dec 31 2023UK£667kUK£500k

UK£15m

Sep 30 2023n/an/a

UK£27m

Jun 30 2023n/an/a

UK£38m

Mar 31 2023n/an/a

UK£45m

Dec 31 2022UK£5mUK£487k

UK£42m

Sep 30 2022n/an/a

UK£44m

Jun 30 2022n/an/a

UK£47m

Mar 31 2022n/an/a

UK£36m

Dec 31 2021UK£1mUK£384k

UK£25m

Sep 30 2021n/an/a

UK£18m

Jun 30 2021n/an/a

UK£11m

Mar 31 2021n/an/a

UK£12m

Dec 31 2020UK£702kUK£313k

UK£12m

Sep 30 2020n/an/a

-UK£691k

Jun 30 2020n/an/a

-UK£13m

Mar 31 2020n/an/a

-UK£12m

Dec 31 2019UK£590kUK£271k

-UK£11m

Sep 30 2019n/an/a

-UK£8m

Jun 30 2019n/an/a

-UK£6m

Mar 31 2019n/an/a

-UK£4m

Dec 31 2018UK£278kUK£58k

-UK£2m

Sep 30 2018n/an/a

-UK£2m

Jun 30 2018n/an/a

-UK£1m

Mar 31 2018n/an/a

-UK£2m

Dec 31 2017UK£62kn/a

-UK£3m

Compensation vs Market: Majid's total compensation ($USD861.81K) is about average for companies of similar size in the Canadian market ($USD729.13K).

Compensation vs Earnings: Majid's compensation has been consistent with company performance over the past year.

CEO

Majid Shafiq (60 yo)

6.1yrs

Tenure

UK£667,000

Compensation

Mr. Majid Shafiq has been Chief Executive Officer at i3 Energy Plc since October 8, 2018. Mr. Majid Shafiq serves Chief Executive Officer of Àrgentil Capital Partners since 2015. Mr. Shafiq has significant...

Leadership Team

NamePositionTenureCompensationOwnership
Majid Shafiq
CEO & Executive Director6.1yrsUK£667.00k0.84%
CA$ 2.3m
Ryan J. Heath
President of i3 Canada Limited & Executive Directorno dataUK£403.00k0.71%
CA$ 2.0m
Jason Dranchuk
Chief Financial Officer1.6yrsno data0.017%
CA$ 46.0k
Mark Hadley
Vice President of Exploration2.8yrsno datano data
John Woods
Chief Operating Officer of i3 Energy North Sea Limited6.1yrsno datano data
Ian Schafer
Chief Operating Officer of i3 Energy Canada Ltdno datano datano data
Tim Stephenson
Vice President of Corporate Development - i3 Energy Canada Ltdno datano datano data

4.5yrs

Average Tenure

Experienced Management: ITE's management team is considered experienced (4.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Majid Shafiq
CEO & Executive Director7.3yrsUK£667.00k0.84%
CA$ 2.3m
Ryan J. Heath
President of i3 Canada Limited & Executive Director1.9yrsUK£403.00k0.71%
CA$ 2.0m
John Festival
Independent Non-Executive Chairman3.9yrsUK£120.00k0.26%
CA$ 706.6k
Neill Carson
Independent Non-Executive Director7.7yrsUK£75.00k0.64%
CA$ 1.8m
Richard Ames
Independent Non-Executive Director7.3yrsUK£75.00k0.13%
CA$ 354.1k
Linda Beal
Independent Non-Executive Director5.2yrsUK£75.00k0.11%
CA$ 300.3k

6.3yrs

Average Tenure

63yo

Average Age

Experienced Board: ITE's board of directors are considered experienced (6.3 years average tenure).