Vitesse Energy Management

Management criteria checks 2/4

Vitesse Energy's CEO is Bob Gerrity, appointed in Aug 2022, has a tenure of 2.25 years. total yearly compensation is $25.15M, comprised of 2.2% salary and 97.8% bonuses, including company stock and options. directly owns 1.68% of the company’s shares, worth $13.78M. The average tenure of the management team and the board of directors is 2.3 years and 1.8 years respectively.

Key information

Bob Gerrity

Chief executive officer

US$25.2m

Total compensation

CEO salary percentage	2.2%
CEO tenure	2.3yrs
CEO ownership	1.7%
Management average tenure	2.3yrs
Board average tenure	1.8yrs

Recent management updates

Recent updates

Vitesse Energy: Deserves Spot In Portfolios Seeking High Capital Returns With Upside Potential

Jun 06

Vitesse Energy, Inc. declares $0.50 dividend

Feb 13

Vitesse Energy Is Going To Offer A 15% Dividend Yield

Feb 06

CEO Compensation Analysis

How has Bob Gerrity's remuneration changed compared to Vitesse Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$46m
Jun 30 2024	n/a	n/a	US$27m
Mar 31 2024	n/a	n/a	US$26m
Dec 31 2023	US$25m	US$548k	-US$22m
Sep 30 2023	n/a	n/a	-US$41m
Jun 30 2023	n/a	n/a	-US$40m
Mar 31 2023	n/a	n/a	-US$50m
Dec 31 2022	US$2m	US$500k	US$0

Compensation vs Market: Bob's total compensation ($USD25.15M) is above average for companies of similar size in the US market ($USD3.20M).

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

CEO

Bob Gerrity (71 yo)

2.3yrs

Tenure

US$25,152,442

Compensation

Mr. Robert W. Gerrity, also known as Bob, is Chairman of the Board at Vitesse Energy, LLC since January 13, 2023 and also serves as its Chief Executive Officer & Director since August 05, 2022. Mr. Gerrity...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Robert Gerrity	Chairman & CEO	2.3yrs	US$25.15m	1.68% $ 13.8m
Brian Cree	President	2.3yrs	US$11.46m	0.49% $ 4.1m
James Henderson	Chief Financial Officer	1.3yrs	US$4.72m	0.17% $ 1.4m
Mike Morella	VP & Chief Accounting Officer	no data	no data	0.12% $ 952.8k
Amanda Bailey	VP & CTO	no data	no data	no data
Michael Regan	General Counsel & Secretary	no data	no data	no data
Luke Weimer	Controller	no data	no data	no data

2.3yrs

Average Tenure

61yo

Average Age

Experienced Management: VTS's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Robert Gerrity	Chairman & CEO	2.3yrs	US$25.15m	1.68% $ 13.8m
Joseph Steinberg	Director	1.8yrs	US$313.08k	9.02% $ 74.2m
Cathleen Osborn	Independent Director	1.8yrs	US$265.58k	0.028% $ 231.9k
Randy Stein	Independent Director	1.8yrs	US$265.58k	0.028% $ 231.9k
Daniel O'Leary	Lead Independent Director	1.8yrs	US$290.58k	0.042% $ 343.1k
Brian Friedman	Director	1.8yrs	US$313.08k	4% $ 32.9m
Linda Adamany	Independent Director	1.8yrs	US$265.58k	0.054% $ 441.4k

1.8yrs

Average Tenure

71yo

Average Age

Experienced Board: VTS's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.

Vitesse Energy Management

Management criteria checks 2/4

Key information

Recent management updates

Chairman & CEO recently bought US$247k worth of stock

Vitesse Energy, Inc., Annual General Meeting, May 02, 2024

Chairman & CEO recently bought US$118k worth of stock

Vitesse Energy, Inc. Announces Chief Financial Officer Transition

Vitesse Energy, Inc. Announces Chief Financial Officer Transition

Chairman & CEO recently bought US$115k worth of stock

Recent updates

New major risk - Revenue and earnings growth

Consensus EPS estimates increase by 32%, revenue downgraded

Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Second quarter dividend of US$0.53 announced

Vitesse Energy Declares Fourth Quarter Cash Dividend, Payable on December 31, 2024

Consensus EPS estimates fall by 14%

Vitesse Energy, Inc. to Report Q3, 2024 Results on Nov 04, 2024

Chairman & CEO recently bought US$247k worth of stock

Upcoming dividend of US$0.53 per share

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Vitesse Energy, Inc. Reaffirms Production Guidance for the Year 2024

Vitesse Energy Shows Why It Remains A Strong Dividend Growth Choice

First quarter dividend of US$0.53 announced

New minor risk - Shareholder dilution

Vitesse Energy, Inc. Declares Second Quarter Cash Dividend, Payable on September 30, 2024

Vitesse Energy, Inc. to Report Q2, 2024 Results on Aug 05, 2024

Upcoming dividend of US$0.53 per share

First quarter dividend increased to US$0.53

Vitesse Energy, Inc. (NYSE:VTS) acquired additional oil and gas interests in the Williston Basin of North Dakota.

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Vitesse Energy, Inc. Declares Second Quarter Cash Dividend, Payable on June 28, 2024

Vitesse Energy, Inc. to Report Q1, 2024 Results on May 07, 2024

Vitesse Energy, Inc., Annual General Meeting, May 02, 2024

Upcoming dividend of US$0.50 per share

Fourth quarter dividend of US$0.50 announced

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Vitesse Energy, Inc. Reaffirms Production Guidance for the Year 2024

Vitesse Energy, Inc. to Report Fiscal Year 2023 Results on Feb 26, 2024

Analysts Predict Vitesse Energy Should Show Strong Profits In 2024

Upcoming dividend of US$0.50 per share at 8.9% yield

Now 21% undervalued after recent price drop

Consensus EPS estimates fall by 18%

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Vitesse Energy, Inc. Reaffirms Production Guidance for the Year 2023 and Provides Preliminary Production Guidance for the Year 2024

Vitesse Energy: A Bright Outlook Inspires Optimism

Vitesse Energy, Inc. to Report Q3, 2023 Results on Nov 01, 2023

Consensus EPS estimates fall by 342%

Vitesse Energy, Inc. (NYSE:VTS) acquired Additional oil and gas interests in the Williston Basin of North Dakota.

Now 24% undervalued after recent price drop

Chairman & CEO recently bought US$118k worth of stock

Upcoming dividend of US$0.50 per share at 8.2% yield

Vitesse Energy, Inc. Announces Chief Financial Officer Transition

Vitesse Energy, Inc. Announces Chief Financial Officer Transition

Chairman & CEO recently bought US$115k worth of stock

Consensus EPS estimates have been downgraded.

Vitesse Energy Is A Bakken Power Player

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Vitesse Energy, Inc. Reaffirms Production Guidance for the Year 2023

Vitesse Energy, Inc. Declares Quarterly Cash Dividend, Payable on September 29, 2023

Vitesse Energy, Inc. to Report Q2, 2023 Results on Jul 31, 2023

Upcoming dividend of US$0.50 per share at 7.9% yield

Vitesse Energy: Deserves Spot In Portfolios Seeking High Capital Returns With Upside Potential

Investor sentiment improves as stock rises 16%

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Vitesse Energy, Inc. Reaffirms Production Guidance for the Year 2023

Vitesse Energy, Inc. Declares Second Quarterly Cash Dividend on Common Stock, Payable on June 30, 2023

Now 23% undervalued

Investor sentiment improves as stock rises 16%

Less than half of directors are independent

General Counsel & Secretary recently bought US$83k worth of stock

Now 23% undervalued

Investor sentiment improves as stock rises 16%

Full year 2022 earnings released: EPS: US$0.26 (vs US$0.24 loss in FY 2021)

Vitesse Energy, Inc. (NYSE:VTS) announces an Equity Buyback for $60 million worth of its shares.

Vitesse Energy, Inc. declares $0.50 dividend

Vitesse Energy Is Going To Offer A 15% Dividend Yield

Vitesse Energy, Inc. to Report Fiscal Year 2022 Results on Feb 13, 2023

Vitesse Energy, Inc.(NYSE:VTS) dropped from S&P 400

CEO Compensation Analysis