Centennial Resource Development COO Sean Smith's 2018 pay rises 5% to $4.1M

Centennial Resource Development reports 2018 executive compensation

By ExecPay News

Published: March 8, 2019

Centennial Resource Development reported fiscal year 2018 executive compensation information on March 8, 2019.

In 2018, five executives at Centennial Resource Development received on average a compensation package of $2.8M, a 50% decrease compared to previous year.

Average pay of disclosed executives at Centennial Resource Development

Sean R. Smith, Chief Operating Officer, received $4.1M in total, which increased by 5% compared to 2017. 73% of Smith's compensation, or $3M, was in stock awards. Smith also received $131K in bonus, $523K in non-equity incentive plan, $457K in salary, as well as $17K in other compensation.

For fiscal year 2018, the median employee pay was $130,761 at Centennial Resource Development. Therefore, the ratio of Sean R. Smith's pay to the median employee pay was 31 to one.

George S. Glyphis, Chief Financial Officer, received a compensation package of $3.3M, which increased by 3% compared to previous year. 69% of the compensation package, or $2.2M, was in stock awards.

Mark G. Papa, Chief Executive Officer, earned $2.7M in 2018, a 73% decrease compared to previous year.

Davis O. O'Connor, General Counsel, received $2.4M in 2018.

Brent P. Jensen, Chief Accounting Officer, earned $1.8M in 2018.