Petrus Resources Management
Management criteria checks 3/4
Petrus Resources' CEO is Ken Gray, appointed in Apr 2021, has a tenure of 3.08 years. total yearly compensation is CA$959.06K, comprised of 27.1% salary and 72.9% bonuses, including company stock and options. directly owns 3.19% of the company’s shares, worth CA$5.15M. The average tenure of the management team and the board of directors is 2.5 years and 7.4 years respectively.
Key information
Ken Gray
Chief executive officer
CA$959.1k
Total compensation
| CEO salary percentage | 27.1% |
| CEO tenure | 3yrs |
| CEO ownership | 3.2% |
| Management average tenure | 2.5yrs |
| Board average tenure | 7.4yrs |
Recent management updates
Recent updates
We Think That There Are More Issues For Petrus Resources (TSE:PRQ) Than Just Sluggish Earnings
Apr 04
Petrus Resources (TSE:PRQ) Takes On Some Risk With Its Use Of Debt
Dec 09Investors Don't See Light At End Of Petrus Resources Ltd.'s (TSE:PRQ) Tunnel
Jun 13Petrus Resources (TSE:PRQ) Has A Pretty Healthy Balance Sheet
Apr 27We Believe Petrus Resources' (TSE:PRQ) Earnings Are A Poor Guide For Its Profitability
Mar 10Does Petrus Resources (TSE:PRQ) Have A Healthy Balance Sheet?
Feb 20Is Petrus Resources (TSE:PRQ) Using Debt In A Risky Way?
Jul 20Is Petrus Resources (TSE:PRQ) A Risky Investment?
Mar 09Key Things To Understand About Petrus Resources' (TSE:PRQ) CEO Pay Cheque
Nov 24
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | CA$51m |
| Sep 30 2023 | n/a | n/a | CA$33m |
| Jun 30 2023 | n/a | n/a | CA$54m |
| Mar 31 2023 | n/a | n/a | CA$67m |
| Dec 31 2022 | CA$959k | CA$260k | CA$61m |
| Sep 30 2022 | n/a | n/a | CA$153m |
| Jun 30 2022 | n/a | n/a | CA$151m |
| Mar 31 2022 | n/a | n/a | CA$129m |
| Dec 31 2021 | CA$830k | CA$178k | CA$115m |
Compensation vs Market: Ken's total compensation ($USD702.04K) is above average for companies of similar size in the Canadian market ($USD175.48K).
Compensation vs Earnings: Ken's compensation has been consistent with company performance over the past year.
CEO
Ken Gray (60 yo)
3yrs
Tenure
CA$959,058
Compensation
Mr. Ken Gray, P.Eng, has been President and Chief Executive Officer of Petrus Resources Ltd. since April 12, 2021 and has been its Director since March 11, 2021. He has extensive experience in the oil and...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3yrs | CA$959.06k | 3.19% CA$ 5.1m | |
| Chief Financial Officer | 3yrs | CA$751.21k | 0.045% CA$ 72.2k | |
| Chief Operating Officer | 1.9yrs | CA$738.96k | 0.19% CA$ 308.9k | |
| Vice President of Commercial & Corporate Development | 1.2yrs | no data | 0.050% CA$ 81.1k |
2.5yrs
Average Tenure
Experienced Management: PRQ's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.1yrs | CA$959.06k | 3.19% CA$ 5.1m | |
| Independent Chairman of the Board | 8.4yrs | CA$106.43k | 27.39% CA$ 44.2m | |
| Independent Director | 2.8yrs | CA$92.78k | 0.074% CA$ 120.1k | |
| Independent Director | 7.4yrs | CA$92.78k | 0.18% CA$ 293.8k | |
| Independent Director | 8.4yrs | CA$92.78k | 0.020% CA$ 32.0k |
7.4yrs
Average Tenure
60yo
Average Age
Experienced Board: PRQ's board of directors are considered experienced (7.4 years average tenure).