Vitesse Energy Management
Management criteria checks 1/4
Vitesse Energy's CEO is Bob Gerrity, appointed in Aug 2022, has a tenure of 1.75 years. total yearly compensation is $25.15M, comprised of 2.2% salary and 97.8% bonuses, including company stock and options. directly owns 1.65% of the company’s shares, worth $11.64M. The average tenure of the management team and the board of directors is 1.7 years and 1.3 years respectively.
Key information
Bob Gerrity
Chief executive officer
US$25.2m
Total compensation
| CEO salary percentage | 2.2% |
| CEO tenure | 1.8yrs |
| CEO ownership | 1.6% |
| Management average tenure | 1.7yrs |
| Board average tenure | 1.3yrs |
Recent management updates
Recent updates
Analysts Predict Vitesse Energy Should Show Strong Profits In 2024
Jan 28Vitesse Energy: A Bright Outlook Inspires Optimism
Oct 25Vitesse Energy Is A Bakken Power Player
Aug 08Vitesse Energy: Deserves Spot In Portfolios Seeking High Capital Returns With Upside Potential
Jun 06Vitesse Energy, Inc. declares $0.50 dividend
Feb 13Vitesse Energy Is Going To Offer A 15% Dividend Yield
Feb 06CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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$74m |
| Jun 30 2023 | n/a | n/a | US$76m |
| 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 ($USD3.41M).
Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.
CEO
Bob Gerrity (70 yo)
1.8yrs
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 |
|---|---|---|---|---|
| Chairman & CEO | 1.8yrs | US$25.15m | 1.65% $ 11.6m | |
| President | 1.8yrs | US$11.46m | 0.50% $ 3.5m | |
| Chief Financial Officer | less than a year | US$4.72m | 0.034% $ 239.3k | |
| VP & Chief Accounting Officer | no data | no data | 0.12% $ 819.6k | |
| VP & CTO | no data | no data | no data | |
| General Counsel & Secretary | 1.7yrs | no data | 0.19% $ 1.3m | |
| Controller | no data | no data | no data |
1.7yrs
Average Tenure
59yo
Average Age
Experienced Management: VTS's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 1.8yrs | US$25.15m | 1.65% $ 11.6m | |
| Director | 1.3yrs | US$313.08k | 9.05% $ 63.8m | |
| Independent Director | 1.3yrs | US$265.58k | 0.028% $ 199.4k | |
| Independent Director | 1.3yrs | US$265.58k | 0.028% $ 199.4k | |
| Director | 1.3yrs | US$313.08k | 4.01% $ 28.3m | |
| Independent Director | 1.3yrs | US$265.58k | 0.054% $ 379.7k | |
| Lead Independent Director | 1.3yrs | US$290.58k | no data |
1.3yrs
Average Tenure
70yo
Average Age
Experienced Board: VTS's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.