Centennial Resource Development COO Sean Smith's 2019 pay rises 6% to $4.4M

Centennial Resource Development reports 2019 executive compensation

By ExecPay News

Published: March 19, 2020

Centennial Resource Development reported fiscal year 2019 executive compensation information on March 19, 2020.

In 2019, five executives at Centennial Resource Development received on average a compensation package of $3M, a 7% increase compared to previous year.

Average pay of disclosed executives at Centennial Resource Development

Sean R. Smith, Chief Operating Officer, received $4.4M in total, which increased by 6% compared to 2018. 74% of Smith's compensation, or $3.3M, was in stock awards. Smith also received $123K in bonus, $492K in non-equity incentive plan, $481K in salary, as well as $20K in other compensation.

For fiscal year 2019, the median employee pay was $142,221 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 $3.6M, which increased by 11% compared to previous year. 72% of the compensation package, or $2.6M, was in stock awards.

Davis O. O'Connor, General Counsel, earned $2.6M in 2019, a 10% increase compared to previous year.

Mark G. Papa, Chief Executive Officer, received $2.5M in 2019, which decreases by 7% compared to 2018.

Brent P. Jensen, Chief Accounting Officer, earned $2M in 2019, a 16% increase compared to previous year.