Genie Energy Management

Management criteria checks 2/4

Genie Energy's CEO is Michael Stein, appointed in Nov 2017, has a tenure of 6.5 years. total yearly compensation is $3.20M, comprised of 13.5% salary and 86.5% bonuses, including company stock and options. directly owns 1.32% of the company’s shares, worth €5.17M. The average tenure of the management team and the board of directors is 12.8 years and 12.6 years respectively.

Key information

Michael Stein

Chief executive officer

US$3.2m

Total compensation

CEO salary percentage	13.5%
CEO tenure	6.5yrs
CEO ownership	1.3%
Management average tenure	12.8yrs
Board average tenure	12.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Michael Stein's remuneration changed compared to Genie Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$3m	US$433k	US$13m
Sep 30 2023	n/a	n/a	US$49m
Jun 30 2023	n/a	n/a	US$54m
Mar 31 2023	n/a	n/a	US$47m
Dec 31 2022	US$2m	US$450k	US$55m
Sep 30 2022	n/a	n/a	US$43m
Jun 30 2022	n/a	n/a	US$31m
Mar 31 2022	n/a	n/a	US$37m
Dec 31 2021	US$919k	US$450k	US$16m
Sep 30 2021	n/a	n/a	US$14m
Jun 30 2021	n/a	n/a	US$13m
Mar 31 2021	n/a	n/a	US$4m
Dec 31 2020	US$2m	US$365k	US$11m
Sep 30 2020	n/a	n/a	US$13m
Jun 30 2020	n/a	n/a	US$12m
Mar 31 2020	n/a	n/a	US$2m
Dec 31 2019	US$779k	US$350k	US$3m
Sep 30 2019	n/a	n/a	US$15m
Jun 30 2019	n/a	n/a	US$16m
Mar 31 2019	n/a	n/a	US$21m
Dec 31 2018	US$2m	US$350k	US$21m
Sep 30 2018	n/a	n/a	US$9m
Jun 30 2018	n/a	n/a	US$4m
Mar 31 2018	n/a	n/a	-US$7m
Dec 31 2017	US$640k	US$267k	-US$8m

Compensation vs Market: Michael's total compensation ($USD3.20M) is above average for companies of similar size in the German market ($USD1.04M).

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

CEO

Michael Stein (39 yo)

6.5yrs

Tenure

US$3,200,306

Compensation

Mr. Michael M. Stein has been Chief Executive Officer of Genie Energy Ltd. since November 1, 2017. He serves as Chief Executive Officer and Director at Oriel Energy, Inc. Mr. Stein serves as the Chief Exec...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Stein	Chief Executive Officer	6.5yrs	US$3.20m	1.32% $ 5.2m
Avi Goldin	Chief Financial Officer	12.8yrs	US$1.60m	0.24% $ 932.5k
Bill Ulrey	Vice President of Investor Relations & External Affairs	no data	no data	no data
Joyce Mason	Corporate Secretary & Director	13.3yrs	no data	0.079% $ 309.6k
Efraim Eitam	President of Genie Oil & Gas	no data	no data	no data
Alan Schwab	President & COO of Genie Retail Energy	no data	no data	no data

12.8yrs

Average Tenure

46yo

Average Age

Experienced Management: 6GE's management team is seasoned and experienced (12.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Joyce Mason	Corporate Secretary & Director	3yrs	no data	0.079% $ 309.6k
Howard Jonas	Chairman of the Board	13.3yrs	US$1.69m	15.62% $ 61.3m
James Courter	Ex-officio Director	3yrs	US$125.00k	1.11% $ 4.4m
William Perry	Lead Independent Director	12.6yrs	US$66.34k	0.61% $ 2.4m
Allan Sass	Independent Director	12.6yrs	US$79.59k	0.14% $ 554.5k
Alan Rosenthal	Independent Director	12.6yrs	US$79.59k	0.16% $ 636.8k

12.6yrs

Average Tenure

68yo

Average Age

Experienced Board: 6GE's board of directors are seasoned and experienced ( 12.6 years average tenure).

Genie Energy Management

Management criteria checks 2/4

Key information

Recent management updates

Genie Energy Ltd., Annual General Meeting, May 08, 2024

Independent Director recently sold €382k worth of stock

Corporate Secretary & Director recently sold €105k worth of stock

Ex-officio Director recently sold €614k worth of stock

Chief Financial Officer recently sold €147k worth of stock

Genie Energy Ltd., Annual General Meeting, May 11, 2022

Recent updates

Genie Energy Ltd. to Report Q1, 2024 Results on May 08, 2024

Genie Energy Ltd., Annual General Meeting, May 08, 2024

Full year 2023 earnings released: EPS: US$0.50 (vs US$2.16 in FY 2022)

Genie Energy Ltd. to Report Q4, 2023 Results on Mar 11, 2024

Third quarter dividend of US$0.075 announced

Investor sentiment deteriorates as stock falls 16%

Now 20% undervalued

Independent Director recently sold €382k worth of stock

Corporate Secretary & Director recently sold €105k worth of stock

Now 20% undervalued

Ex-officio Director recently sold €614k worth of stock

Chief Financial Officer recently sold €147k worth of stock

Now 23% undervalued

Third quarter 2023 earnings released: EPS: US$0.54 (vs US$0.78 in 3Q 2022)

Investor sentiment improves as stock rises 17%

Genie Energy Ltd. to Report Q3, 2023 Results on Nov 06, 2023

Investor sentiment improves as stock rises 18%

Genie Energy Ltd. to Report Q2, 2023 Results on Aug 07, 2023

New minor risk - Shareholder dilution

Investor sentiment improves as stock rises 16%

Upcoming dividend of US$0.075 per share at 2.1% yield

First quarter 2023 earnings released: EPS: US$0.43 (vs US$0.68 in 1Q 2022)

Genie Energy Ltd. Declares Quarterly Dividend, Payable on May 30, 2023

Investor sentiment improves as stock rises 16%

Investor sentiment improves as stock rises 16%

Full year 2022 earnings released: EPS: US$2.16 (vs US$0.91 in FY 2021)

Genie Energy Ltd. Declares Fourth Quarter 2022 Common Stock Dividend, Payable on or About March 1, 2023

Genie Energy Ltd. (NYSE:GNE) acquired Portfolio of residential and small commercial customer contracts from Mega Energy LLC.

Third quarter 2022 earnings released: EPS: US$0.76 (vs US$0.10 loss in 3Q 2021)

Genie Energy Ltd. Declares Dividend of Class A and Class B Common Stock Payable on or About November 21, 2022

Investor sentiment improved over the past week

Genie Energy Ltd. to Report Q3, 2022 Results on Nov 07, 2022

Genie Energy Declares Dividend on Class A and Class B Common Stock, Payable on or About August 26, 2022

Second quarter 2022 earnings released: EPS: US$1.33 (vs US$0.19 in 2Q 2021)

Genie Energy Ltd. to Report Q2, 2022 Results on Aug 08, 2022

Investor sentiment improved over the past week

Upcoming dividend of US$0.075 per share

First quarter 2022 earnings released: EPS: US$0.68 (vs US$0.091 loss in 1Q 2021)

Genie Energy Ltd. Declares Dividend for the Share of Class A and Class B Common Stock, to Be Paid on or About May 31, 2022

Genie Energy Ltd., Annual General Meeting, May 11, 2022

Investor sentiment improved over the past week

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Genie Energy Ltd. to Report Q4, 2021 Results on Mar 10, 2022

Genie Energy Ltd. Resumes Quarterly Dividend on Common Stock, Payable on or About March 1, 2022

Third quarter 2021 earnings released: US$0.10 loss per share (vs US$0.24 profit in 3Q 2020)

Genie Energy Ltd. Announces That It Is Preparing to Launch A Full-Service Energy Sales Platform

Second quarter 2021 earnings released: EPS US$0.20 (vs US$0.061 in 2Q 2020)

Genie Energy Ltd.(NYSE:GNE) dropped from Russell 3000 Growth Index

Vice Chairman of the Board James Courter has left the company

Investor sentiment improved over the past week

First quarter 2021 earnings released: US$0.091 loss per share (vs US$0.21 profit in 1Q 2020)

Genie Solar Energy Completes Two Rooftop Solar Installations in New Hampshire for Integra Biosciences

Full year 2020 earnings released: EPS US$0.45 (vs US$0.10 in FY 2019)

Genie Energy Ltd. to Report Q4, 2020 Results on Mar 11, 2021

New 90-day low: €6.25

Genie Energy and Community Power Partners, LLC Form Solar Joint Venture

Upcoming Dividend of US$0.085 Per Share

New 90-day high: €7.90

Third quarter 2020 earnings released: EPS US$0.24

Genie Energy Ltd. to Report Q3, 2020 Results on Nov 06, 2020

New 90-day high - €7.85

Genie Energy Ltd. to Report Q2, 2020 Results on Aug 06, 2020

Genie Energy Ltd.(NYSE:GNE) dropped from Russell 2000 Value Index

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure