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PDC Energy Management

Management criteria checks 3/4

PDC Energy's CEO is Bart Brookman, appointed in Jun 2014, he has a tenure of 9.17 years. His total yearly compensation is $8.94M , comprised of 9.8% salary and 90.2% bonuses, including company stock and options. He directly owns 0.54% of the company’s shares, worth €31.66M. The average tenure of the management team and the board of directors is 4.8 years and 3.6 years respectively.

Key information

Bart Brookman

Chief executive officer

US$8.9m

Total compensation

CEO salary percentage	9.8%
CEO tenure	9.2yrs
CEO ownership	0.5%
Management average tenure	4.8yrs
Board average tenure	3.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bart Brookman's remuneration changed compared to PDC Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2023	n/a	n/a	US$2b
Mar 31 2023	n/a	n/a	US$2b
Dec 31 2022	US$9m	US$875k	US$2b
Sep 30 2022	n/a	n/a	US$2b
Jun 30 2022	n/a	n/a	US$1b
Mar 31 2022	n/a	n/a	US$499m
Dec 31 2021	US$10m	US$850k	US$522m
Sep 30 2021	n/a	n/a	US$43m
Jun 30 2021	n/a	n/a	-US$134m
Mar 31 2021	n/a	n/a	-US$268m
Dec 31 2020	US$8m	US$803k	-US$724m
Sep 30 2020	n/a	n/a	-US$739m
Jun 30 2020	n/a	n/a	-US$692m
Mar 31 2020	n/a	n/a	-US$402m
Dec 31 2019	US$8m	US$850k	-US$57m
Sep 30 2019	n/a	n/a	US$143m
Jun 30 2019	n/a	n/a	US$124m
Mar 31 2019	n/a	n/a	-US$105m
Dec 31 2018	US$7m	US$850k	US$2m
Sep 30 2018	n/a	n/a	-US$99m
Jun 30 2018	n/a	n/a	-US$388m
Mar 31 2018	n/a	n/a	-US$187m
Dec 31 2017	US$6m	US$825k	-US$128m
Sep 30 2017	n/a	n/a	-US$261m
Jun 30 2017	n/a	n/a	US$8m
Mar 31 2017	n/a	n/a	-US$128m
Dec 31 2016	US$6m	US$750k	-US$246m

Compensation vs Market: Bart's total compensation ($USD8.94M) is above average for companies of similar size in the German market ($USD2.77M).

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

CEO

Bart Brookman (61 yo)

9.2yrs

Tenure

US$8,941,467

Compensation

Mr. Barton R. Brookman, Jr., also known as Bart, has been the Chief Executive Officer and President at PDC Energy, Inc., since January 1, 2015 and June 2014 respectively. Mr. Brookman served as the Chief O...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Barton Brookman	CEO, President & Director	9.2yrs	US$8.94m	0.54% € 31.7m
R. Meyers	Executive VP & CFO	5.6yrs	US$3.72m	0.13% € 7.9m
David Lillo	Senior Vice President of Operations	3yrs	US$2.55m	0.042% € 2.4m
Nicole Martinet	General Counsel	4.6yrs	US$2.71m	0.066% € 3.9m
Lance Lauck	Executive Vice President of Corporate Development & Strategy	8.6yrs	US$3.55m	0.19% € 11.0m
Troy Welling	Chief Accounting Officer and VP of Change of Control & Severance Plan	less than a year	no data	0.015% € 890.9k
Erik Roach	Director of Reservoir Engineering & Technology	5yrs	no data	no data
Sandra Jacoby	Senior Vice President of Corporate Administration	2.6yrs	no data	no data
Aaron Vandeford	Director of Investor Relations	no data	no data	no data
George Courcier	Vice President of Marketing & Midstream	no data	no data	no data
Jaimie Bell	Director of Human Resources	1.9yrs	no data	no data
Ronald Wirth	Vice President of Finance & Treasurer	10.8yrs	no data	no data

4.8yrs

Average Tenure

52.5yo

Average Age

Experienced Management: PD3's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Barton Brookman	CEO, President & Director	8.6yrs	US$8.94m	0.54% € 31.7m
Paul Korus	Independent Director	3.6yrs	US$297.91k	0.033% € 1.9m
Lynn Peterson	Independent Director	3.6yrs	US$273.92k	0.26% € 15.2m
Pamela Butcher	Independent Director	1.5yrs	US$265.97k	0.0055% € 321.3k
Mark Ellis	Independent Non-Executive Chairman	7yrs	US$416.69k	0.053% € 3.1m
Diana Sands	Independent Director	2.5yrs	US$286.93k	0.010% € 608.1k
Carlos Sabater	Independent Director	2.3yrs	US$286.93k	0.0082% € 478.5k

3.6yrs

Average Tenure

65yo

Average Age

Experienced Board: PD3's board of directors are considered experienced (3.6 years average tenure).

This company listing is no longer active

PDC Energy Management

Management criteria checks 3/4

Key information

Recent management updates

Insider recently sold €70k worth of stock

Independent Director recently bought €65k worth of stock

PDC Energy, Inc. Announces Executive Changes Announces Executive Changes

High number of new directors

General Counsel recently sold €574k worth of stock

General Counsel recently sold €475k worth of stock

Recent updates

Second quarter 2023 earnings released: EPS: US$3.31 (vs US$6.83 in 2Q 2022)

PDC Energy, Inc.(NasdaqGS:PDCE) dropped from Russell Small Cap Comp Growth Index

Upcoming dividend of US$0.40 per share at 3.3% yield

PDC Energy, Inc. Declares Quarterly Cash Dividend on Common Shares, Payable on June 22, 2023

Chevron Corporation (NYSE:CVX) entered into a definitive agreement to acquire PDC Energy, Inc. (NasdaqGS:PDCE) for $6.4 billion.

Chevron Corporation (NYSE:CVX) entered into a definitive agreement to acquire PDC Energy, Inc. (NasdaqGS:PDCE) for $6.4 billion.

Insider recently sold €70k worth of stock

First quarter 2023 earnings released: EPS: US$4.69 (vs US$0.33 loss in 1Q 2022)

PDC Energy, Inc. Provides Production Guidance for the Year 2023

Full year 2022 earnings released: EPS: US$18.76 (vs US$5.30 in FY 2021)

PDC Energy, Inc. Declares Increase to Its Quarterly Cash Dividend, Payable on March 16, 2023

PDC Energy, Inc. to Report Q4, 2022 Results on Feb 22, 2023

Independent Director recently bought €65k worth of stock

PDC Energy, Inc. Announces Unanimous Approval of the Guanella Comprehensive Area Plan Adding Clear Line of Sight for Sustainable Long-Term Colorado Development Activities

PDC Energy, Inc. Declares Quarterly Cash Dividend, Payable on December 28, 2022

PDC Energy, Inc. Announces Executive Changes Announces Executive Changes

High number of new directors

General Counsel recently sold €574k worth of stock

Third quarter 2022 earnings released: EPS: US$8.40 (vs US$1.48 in 3Q 2021)

PDC Energy, Inc. Reports Impairment Charges for the Third Quarter Ended September 30, 2022

PDC Energy, Inc. to Report Q3, 2022 Results on Nov 02, 2022

Investor sentiment improved over the past week

PDC Energy, Inc. Declares Quarterly Cash Dividend, Payable on September 22, 2022

Second quarter 2022 earnings released: EPS: US$6.83 (vs US$0.88 loss in 2Q 2021)

PDC Energy, Inc. Reports Impairment Charges for the Second Quarter Ended June 30, 2022

PDC Energy, Inc. to Report Q2, 2022 Results on Aug 03, 2022

PDC Energy, Inc. Announces Approval of Broe Oil and Gas Development Plan Permit Adding to Existing Multi-Year Inventory of Colorado Development Drilling Locations

PDC Energy, Inc.(NasdaqGS:PDCE) dropped from Russell 2000 Value Index

Investor sentiment deteriorated over the past week

PDC Energy, Inc. Announces Approval of Kenosha Oil and Gas Development Plan Permit Application

Investor sentiment improved over the past week

PDC Energy, Inc. Provides Production Guidance for the Second Quarter and Full Year 2022

General Counsel recently sold €475k worth of stock

PDC Energy, Inc. (NasdaqGS:PDCE) completed the acquisition of Great Western Petroleum, LLC from a group of shareholders.

CEO, President & Director recently sold €130k worth of stock

PDC Energy, Inc. Reports Impairment Charges for the First Quarter Ended March 31, 2022

High number of new directors

PDC Energy, Inc., Annual General Meeting, May 25, 2022

CEO, President & Director recently sold €136k worth of stock

PDC Energy, Inc. to Report Q1, 2022 Results on May 04, 2022

High number of new directors

Investor sentiment improved over the past week

CEO, President & Director recently sold €120k worth of stock

High number of new directors

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

PDC Energy, Inc. Provides Production Guidance for the First Quarter, Second Half and Full Year 2022

Independent Director recently sold €256k worth of stock

CEO, President & Director recently sold €109k worth of stock

PDC Energy, Inc. to Report Q4, 2021 Results on Feb 28, 2022

PDC Energy, Inc. Appoints Pamela R. Butcher to the Board of Directors

Independent Director recently sold €245k worth of stock

CEO, President & Director recently sold €90k worth of stock

Independent Director recently sold €201k worth of stock

PDC Energy Declares Special Dividend, Payable December 29, 2021

CEO, President & Director recently sold €88k worth of stock

Senior VP & CFO recently sold €144k worth of stock

Third quarter 2021 earnings released: EPS US$1.48 (vs US$0.31 loss in 3Q 2020)

CEO, President & Director recently sold €93k worth of stock

Independent Director recently sold €220k worth of stock

CEO, President & Director recently sold €77k worth of stock

Independent Director recently sold €574k worth of stock

CEO, President & Director recently sold €71k worth of stock

Upcoming dividend of US$0.12 per share

CEO, President & Director recently sold €66k worth of stock

Second quarter 2021 earnings released: US$0.88 loss per share (vs US$2.23 loss in 2Q 2020)

PDC Energy, Inc. Provides Production Guidance for the Full Year 2021

CEO, President & Director recently sold €80k worth of stock

Independent Director recently sold €191k worth of stock