Vertex Energy Management
Management criteria checks 1/4
Vertex Energy's CEO is Ben Cowart, appointed in Apr 2009, has a tenure of 15.08 years. total yearly compensation is $1.57M, comprised of 30.3% salary and 69.7% bonuses, including company stock and options. directly owns 6.53% of the company’s shares, worth €7.37M. The average tenure of the management team and the board of directors is 1.9 years and 11.3 years respectively.
Key information
Ben Cowart
Chief executive officer
US$1.6m
Total compensation
| CEO salary percentage | 30.3% |
| CEO tenure | 15.1yrs |
| CEO ownership | 6.5% |
| Management average tenure | 1.9yrs |
| Board average tenure | 11.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | -US$126m |
| Sep 30 2023 | n/a | n/a | -US$16m |
| Jun 30 2023 | n/a | n/a | -US$18m |
| Mar 31 2023 | n/a | n/a | -US$6m |
| Dec 31 2022 | US$2m | US$477k | -US$17m |
| Sep 30 2022 | n/a | n/a | -US$74m |
| Jun 30 2022 | n/a | n/a | -US$85m |
| Mar 31 2022 | n/a | n/a | -US$32m |
| Dec 31 2021 | US$731k | US$366k | -US$27m |
| Sep 30 2021 | n/a | n/a | -US$22m |
| Jun 30 2021 | n/a | n/a | -US$31m |
| Mar 31 2021 | n/a | n/a | -US$19m |
| Dec 31 2020 | US$612k | US$359k | -US$32m |
| Sep 30 2020 | n/a | n/a | -US$20m |
| Jun 30 2020 | n/a | n/a | -US$21m |
| Mar 31 2020 | n/a | n/a | -US$15m |
| Dec 31 2019 | US$613k | US$352k | -US$12m |
| Sep 30 2019 | n/a | n/a | -US$13m |
| Jun 30 2019 | n/a | n/a | -US$13m |
| Mar 31 2019 | n/a | n/a | -US$11m |
| Dec 31 2018 | US$501k | US$345k | -US$8m |
| Sep 30 2018 | n/a | n/a | -US$8m |
| Jun 30 2018 | n/a | n/a | -US$7m |
| Mar 31 2018 | n/a | n/a | -US$11m |
| Dec 31 2017 | US$464k | US$335k | -US$12m |
Compensation vs Market: Ben's total compensation ($USD1.57M) is above average for companies of similar size in the German market ($USD402.64K).
Compensation vs Earnings: Ben's compensation has increased whilst the company is unprofitable.
CEO
Ben Cowart (54 yo)
15.1yrs
Tenure
US$1,570,638
Compensation
Mr. Benjamin P. Cowart, also known as Ben, is the Founder of Vertex Energy Inc., and has been its Chairman of the Board, Chief Executive Officer and President since April 2009. Mr. Cowart serves as Preside...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 15.1yrs | US$1.57m | 6.53% $ 7.4m | |
| Chief Financial Officer | 13.9yrs | US$1.01m | 1.1% $ 1.2m | |
| Chief Operating Officer | 1.9yrs | US$818.11k | 0.016% $ 17.7k | |
| General Counsel & Secretary | 1.4yrs | US$128.13k | 0.13% $ 144.9k | |
| Chief Strategy Officer | 1.9yrs | US$1.61m | 0.094% $ 105.7k | |
| Executive Vice President | no data | no data | no data | |
| Chief Commercial Officer | 1.1yrs | no data | 0.0016% $ 1.8k | |
| Investor Relations Contact | no data | no data | no data |
1.9yrs
Average Tenure
53.5yo
Average Age
Experienced Management: 5VE's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 15.1yrs | US$1.57m | 6.53% $ 7.4m | |
| Lead Independent Director | 15.9yrs | US$46.00k | 0.25% $ 287.6k | |
| Independent Director | 11.3yrs | US$25.25k | 0.028% $ 31.2k | |
| Independent Director | 1.4yrs | no data | 0.019% $ 21.5k | |
| Independent Director | 1.4yrs | no data | 0.024% $ 26.7k |
11.3yrs
Average Tenure
62yo
Average Age
Experienced Board: 5VE's board of directors are seasoned and experienced ( 11.3 years average tenure).