Centennial Resource Development CEO Sean Smith's 2020 pay jumps 51% to $6.6M

Centennial Resource Development reports 2020 executive compensation

By ExecPay News

Published: March 18, 2021

Centennial Resource Development reported fiscal year 2020 executive compensation information on March 18, 2021.

In 2020, six executives at Centennial Resource Development received on average a compensation package of $2.9M, a 6% decrease compared to previous year.

Average pay of disclosed executives at Centennial Resource Development

Sean R. Smith, Chief Executive Officer, received $6.6M in total, which increased by 51% compared to 2019. 79% of Smith's compensation, or $5.2M, was in stock awards. Smith also received $783K in non-equity incentive plan, $561K in salary, as well as $20K in other compensation.

For fiscal year 2020, the median employee pay was $152,757 at Centennial Resource Development. Therefore, the ratio of Sean R. Smith's pay to the median employee pay was 43 to one.

George S. Glyphis, Chief Financial Officer, received a compensation package of $3.4M, which decreased by 5% compared to previous year. 76% of the compensation package, or $2.6M, was in stock awards.

Davis O. O'Connor, General Counsel, earned $2.4M in 2020, a 8% decrease compared to previous year.

Matthew R. Garrison, Chief Operating Officer, received $2.4M in 2020.

Brent P. Jensen, Chief Accounting Officer, earned $1.9M in 2020, a 5% decrease compared to previous year.

Mark G. Papa, Chief Executive Officer, received $325K in 2020, which decreases by 87% compared to 2019.