Centennial Resource Development reports 2018 executive compensation

COO Sean R. Smith receives $4.1M

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 $2,844,315, a 50% decrease compared to previous year.

Average pay of disclosed executives at Centennial Resource Development

Sean R. Smith, Chief Operating Officer, received $4,110,563 in total, which increased by 5% compared to 2017. 72.59% of Smith's compensation, or $2,983,826, was in stock awards. Smith also received $130,625 in bonus, $522,500 in non-equity incentive plan, $457,112 in salary, as well as $16,500 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 $3,262,299, which increased by 3% compared to previous year. 68.64% of the compensation package, or $2,239,217, was in stock awards.

Mark G. Papa, Chief Executive Officer, earned $2,693,240 in 2018, a 73% decrease compared to previous year.

Davis O. O'Connor, General Counsel, received $2,392,993 in 2018.

Brent P. Jensen, Chief Accounting Officer, earned $1,762,479 in 2018.