Vital Energy Management
Management criteria checks 2/4
Vital Energy's CEO is Mikell Pigott, appointed in Oct 2019, has a tenure of 4.58 years. total yearly compensation is $8.24M, comprised of 9.7% salary and 90.3% bonuses, including company stock and options. directly owns 0.46% of the company’s shares, worth $8.92M. The average tenure of the management team and the board of directors is 4.3 years and 4 years respectively.
Key information
Mikell Pigott
Chief executive officer
US$8.2m
Total compensation
| CEO salary percentage | 9.7% |
| CEO tenure | 4.6yrs |
| CEO ownership | 0.5% |
| Management average tenure | 4.3yrs |
| Board average tenure | 4yrs |
Recent management updates
Recent updates
Vital Energy: Raising The Bar
Mar 21Vital Energy: Management Snuck In More Equity
Feb 14Vital Energy: Why I Sold My Shares (Downgrade)
Feb 05Vital Energy, Inc.'s (NYSE:VTLE) Intrinsic Value Is Potentially 18% Below Its Share Price
Feb 05
Vital Energy Blows Past Guidance
Jan 23Vital Energy: Cheap Free Cash Flow
Dec 22Vital Energy: Going For The Black Gold
Nov 03Here's Why We Think Vital Energy (NYSE:VTLE) Is Well Worth Watching
Oct 24Vital Energy: Permian Acquisitions Are How You Increase Cash Flow Quickly
Sep 15Calculating The Fair Value Of Vital Energy, Inc. (NYSE:VTLE)
Sep 03Vital Energy: Remaking A Company
Aug 15Vital Energy Is At It Again
Jul 18Vital Energy Is An AI Beneficiary
Jul 10Here's Why We Think Vital Energy (NYSE:VTLE) Might Deserve Your Attention Today
Jul 02Vital Energy: Lowering The Breakeven More
Jun 09Vital Energy (NYSE:VTLE) Takes On Some Risk With Its Use Of Debt
Jun 08Vital Energy Is At It Again
Jun 01Vital Energy, Inc.'s (NYSE:VTLE) Intrinsic Value Is Potentially 37% Above Its Share Price
May 17Here's Why We Think Vital Energy (NYSE:VTLE) Might Deserve Your Attention Today
Mar 30Vital Energy Non-GAAP EPS of $3.49 misses by $0.30, revenue of $364.13M beats by $29.93M
Feb 21Vital Energy Is Deeply Discounted
Jan 20Is Vital Energy (NYSE:VTLE) A Risky Investment?
Jan 17Laredo Petroleum: Howard County Issues And Benefits
Dec 15Selling Puts On Laredo Petroleum
Dec 08Laredo Petroleum: Cash Flow Is Now King
Nov 14Newsflash: Laredo Petroleum, Inc. (NYSE:LPI) Analysts Have Been Trimming Their Revenue Forecasts
Nov 09Grab 10% Yield With Laredo Petroleum Bonds
Oct 14CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$8m | US$795k | US$695m |
| Sep 30 2023 | n/a | n/a | US$532m |
| Jun 30 2023 | n/a | n/a | US$864m |
| Mar 31 2023 | n/a | n/a | US$832m |
| Dec 31 2022 | US$6m | US$764k | US$632m |
| Sep 30 2022 | n/a | n/a | US$730m |
| Jun 30 2022 | n/a | n/a | US$529m |
| Mar 31 2022 | n/a | n/a | US$134m |
| Dec 31 2021 | US$6m | US$720k | US$145m |
| Sep 30 2021 | n/a | n/a | -US$237m |
| Jun 30 2021 | n/a | n/a | -US$611m |
| Mar 31 2021 | n/a | n/a | -US$1b |
| Dec 31 2020 | US$3m | US$720k | -US$874m |
| Sep 30 2020 | n/a | n/a | -US$950m |
| Jun 30 2020 | n/a | n/a | -US$977m |
| Mar 31 2020 | n/a | n/a | -US$258m |
| Dec 31 2019 | US$7m | US$413k | -US$342m |
Compensation vs Market: Mikell's total compensation ($USD8.24M) is above average for companies of similar size in the US market ($USD5.66M).
Compensation vs Earnings: Mikell's compensation has increased by more than 20% in the past year.
CEO
Mikell Pigott (49 yo)
4.6yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.6yrs | US$8.24m | 0.46% $ 8.9m | |
| Executive VP & CFO | 3.9yrs | US$3.79m | 0.24% $ 4.7m | |
| Senior VP & COO | 1.7yrs | US$1.51m | 0.087% $ 1.7m | |
| Executive VP | 5.8yrs | US$2.25m | 0.092% $ 1.8m | |
| VP & Chief Accounting Officer | less than a year | no data | 0.013% $ 243.1k | |
| VP & CTO | 2.5yrs | no data | no data | |
| Vice President of Investor Relations | 6.5yrs | no data | no data | |
| Vice President of Midstream & Marketing | 6.7yrs | no data | no data | |
| Vice President of Human Resources | 4.8yrs | no data | no data | |
| VP & Chief Sustainability Officer | 3.3yrs | no data | no data | |
| Vice President of Subsurface & Business Development | no data | no data | no data |
4.3yrs
Average Tenure
48.5yo
Average Age
Experienced Management: VTLE's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.7yrs | US$8.24m | 0.46% $ 8.9m | |
| Independent Director | 5.4yrs | US$249.99k | 0.054% $ 1.0m | |
| Lead Independent Director | 12.8yrs | US$229.99k | 0.059% $ 1.1m | |
| Independent Director | 3.5yrs | US$249.99k | 0.022% $ 434.8k | |
| Independent Non-Executive Chairman | 4.3yrs | US$330.66k | 0.053% $ 1.0m | |
| Independent Director | 4.4yrs | US$249.99k | 0.040% $ 766.8k | |
| Independent Director | 1.9yrs | US$229.99k | 0.012% $ 237.3k | |
| Independent Director | 3.8yrs | US$229.99k | 0.027% $ 525.0k | |
| Independent Director | 3.5yrs | US$249.99k | 0.024% $ 461.3k | |
| Independent Director | 1.9yrs | US$229.99k | 0.012% $ 237.3k |
4.0yrs
Average Tenure
59yo
Average Age
Experienced Board: VTLE's board of directors are considered experienced (4 years average tenure).