Vital Energy Management

Management criteria checks 2/4

Vital Energy's CEO is Mikell Pigott, appointed in Oct 2019, has a tenure of 5.17 years. total yearly compensation is $8.24M, comprised of 9.7% salary and 90.3% bonuses, including company stock and options. directly owns 0.47% of the company’s shares, worth €4.58M. The average tenure of the management team and the board of directors is 4.8 years and 4.6 years respectively.

Key information

Mikell Pigott

Chief executive officer

US$8.2m

Total compensation

CEO salary percentage9.7%
CEO tenure5.2yrs
CEO ownership0.5%
Management average tenure4.8yrs
Board average tenure4.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mikell Pigott's remuneration changed compared to Vital Energy's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$466m

Jun 30 2024n/an/a

US$256m

Mar 31 2024n/an/a

US$514m

Dec 31 2023US$8mUS$795k

US$695m

Sep 30 2023n/an/a

US$532m

Jun 30 2023n/an/a

US$864m

Mar 31 2023n/an/a

US$832m

Dec 31 2022US$6mUS$764k

US$632m

Sep 30 2022n/an/a

US$730m

Jun 30 2022n/an/a

US$529m

Mar 31 2022n/an/a

US$134m

Dec 31 2021US$6mUS$720k

US$145m

Sep 30 2021n/an/a

-US$237m

Jun 30 2021n/an/a

-US$611m

Mar 31 2021n/an/a

-US$1b

Dec 31 2020US$3mUS$720k

-US$874m

Sep 30 2020n/an/a

-US$950m

Jun 30 2020n/an/a

-US$977m

Mar 31 2020n/an/a

-US$258m

Dec 31 2019US$7mUS$413k

-US$342m

Compensation vs Market: Mikell's total compensation ($USD8.24M) is above average for companies of similar size in the German market ($USD1.47M).

Compensation vs Earnings: Mikell's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


CEO

Mikell Pigott (50 yo)

5.2yrs

Tenure

US$8,236,601

Compensation

Mr. Mikell Jason Pigott has been Director of Vital Energy, Inc. (formerly known as Laredo Petroleum, Inc.) since September 2019 and has been its President and Chief Executive Officer since October 1, 2019....


Leadership Team

NamePositionTenureCompensationOwnership
Mikell Pigott
President5.2yrsUS$8.24m0.47%
€ 4.6m
Bryan Lemmerman
Executive VP & CFO4.5yrsUS$3.79m0.21%
€ 2.1m
Katie Hill
Senior VP & COO2.3yrsUS$1.51m0.078%
€ 769.9k
Mark Denny
Executive VP6.3yrsUS$2.25m0.073%
€ 712.6k
Stephen Faulkner
VP & Chief Accounting Officerless than a yearno data0.013%
€ 122.9k
Brandon Brown
VP & CTO3.1yrsno datano data
Ronald Hagood
Vice President of Investor Relations7.1yrsno datano data
Benjamin Klein
Vice President of Midstream & Marketing7.3yrsno datano data
Amelia Harding
Vice President of Human Resources5.3yrsno datano data
David Ferris
VP & Chief Sustainability Officer3.9yrsno datano data
Kyle Coldiron
Vice President of Subsurface & Business Developmentno datano datano data

4.8yrs

Average Tenure

49.5yo

Average Age

Experienced Management: 8LP1's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mikell Pigott
President5.3yrsUS$8.24m0.47%
€ 4.6m
Frances R. Hawes
Independent Director6yrsUS$249.99k0.044%
€ 433.5k
Edmund Segner
Lead Independent Director13.3yrsUS$229.99k0.058%
€ 573.5k
Jarvis Hollingsworth
Independent Director4.1yrsUS$249.99k0.024%
€ 236.4k
William Albrecht
Independent Non-Executive Chairman4.8yrsUS$330.66k0.053%
€ 521.8k
Craig Jarchow
Independent Director5yrsUS$249.99k0.040%
€ 387.9k
Shihab Kuran
Independent Director2.5yrsUS$229.99k0.014%
€ 136.7k
Lisa Lambert
Independent Director4.3yrsUS$229.99k0.036%
€ 353.4k
Lori Lancaster
Independent Director4.1yrsUS$249.99k0.024%
€ 233.4k
John Driver
Independent Director2.5yrsUS$229.99k0.012%
€ 120.1k

4.6yrs

Average Tenure

60.5yo

Average Age

Experienced Board: 8LP1's board of directors are considered experienced (4.6 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 05:50
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Vital Energy, Inc. is covered by 50 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Joseph AllmanBaird
Jeffrey RobertsonBarclays
Phillip JungwirthBMO Capital Markets Equity Research