Ring Energy Management
Management criteria checks 3/4
Ring Energy's CEO is Paul McKinney, appointed in Oct 2020, has a tenure of 3.58 years. total yearly compensation is $3.76M, comprised of 15.1% salary and 84.9% bonuses, including company stock and options. directly owns 0.62% of the company’s shares, worth $2.29M. The average tenure of the management team and the board of directors is 3.5 years and 3.6 years respectively.
Key information
Paul McKinney
Chief executive officer
US$3.8m
Total compensation
| CEO salary percentage | 15.1% |
| CEO tenure | 3.6yrs |
| CEO ownership | 0.6% |
| Management average tenure | 3.5yrs |
| Board average tenure | 3.6yrs |
Recent management updates
Recent updates
The Ring Energy, Inc. (NYSEMKT:REI) Analysts Have Been Trimming Their Sales Forecasts
Apr 17
Is Ring Energy (NYSEMKT:REI) Using Too Much Debt?
Mar 31Did Ring Energy, Inc. (NYSEMKT:REI) Insiders Buy Up More Shares?
Mar 10Ring Energy's (NYSEMKT:REI) Stock Price Has Reduced 86% In The Past Three Years
Feb 12
Ring Energy, Inc.'s (NYSEMKT:REI) Intrinsic Value Is Potentially 81% Above Its Share Price
Jan 11CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$78m |
| Dec 31 2023 | US$4m | US$569k | US$105m |
| Sep 30 2023 | n/a | n/a | US$68m |
| Jun 30 2023 | n/a | n/a | US$151m |
| Mar 31 2023 | n/a | n/a | US$164m |
| Dec 31 2022 | US$4m | US$530k | US$139m |
| Sep 30 2022 | n/a | n/a | US$148m |
| Jun 30 2022 | n/a | n/a | US$87m |
| Mar 31 2022 | n/a | n/a | US$30m |
| Dec 31 2021 | US$3m | US$480k | US$3m |
| Sep 30 2021 | n/a | n/a | -US$181m |
| Jun 30 2021 | n/a | n/a | -US$197m |
| Mar 31 2021 | n/a | n/a | -US$316m |
| Dec 31 2020 | US$500k | US$120k | -US$253m |
Compensation vs Market: Paul's total compensation ($USD3.76M) is above average for companies of similar size in the US market ($USD2.40M).
Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.
CEO
Paul McKinney (64 yo)
3.6yrs
Tenure
US$3,762,729
Compensation
Mr. Paul D. McKinney serves as Chief Executive Officer and Chairman at Ring Energy, Inc since October 01, 2020 and serves as Director since joining on October 01, 2020. He serves on the Board of Directors...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman of the Board | 3.6yrs | US$3.76m | 0.62% $ 2.3m | |
| Executive VP | 3.2yrs | US$1.19m | 0.16% $ 586.7k | |
| Executive Vice President of Operations | 3.6yrs | US$1.19m | 0.18% $ 656.3k | |
| Executive Vice President of Land | 3.5yrs | US$1.19m | 0.18% $ 656.3k | |
| Executive Vice President of Engineering & Corporate Strategy | 3.4yrs | US$1.19m | 0.19% $ 710.5k | |
| VP of Compliance & GM of the Midland - Texas Office | 3.4yrs | no data | no data | |
| Officer of Investor Relations | no data | no data | no data |
3.5yrs
Average Tenure
46yo
Average Age
Experienced Management: REI's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman of the Board | 3.6yrs | US$3.76m | 0.62% $ 2.3m | |
| Independent Director | 3.6yrs | US$240.00k | 0.18% $ 660.5k | |
| Independent Director | 3.6yrs | US$225.00k | 0.15% $ 567.5k | |
| Lead Independent Director | 11.3yrs | US$250.00k | 0.31% $ 1.1m | |
| Independent Director | 3.6yrs | US$225.00k | 0.12% $ 423.5k | |
| Independent Director | 11.3yrs | US$245.00k | 0.21% $ 755.4k | |
| Independent Director | 1.7yrs | US$225.00k | 0.053% $ 196.0k | |
| Director | 1.7yrs | US$75.00k | no data | |
| Independent Director | 4.7yrs | US$240.00k | 0.20% $ 722.4k |
3.6yrs
Average Tenure
64yo
Average Age
Experienced Board: REI's board of directors are considered experienced (3.6 years average tenure).