Centennial Resource Development CEO Sean Smith's 2021 pay jumps 31% to $8.7M

Centennial Resource Development reports 2021 executive compensation

By ExecPay News

Published: March 15, 2022

Centennial Resource Development reported fiscal year 2021 executive compensation information on March 15, 2022.

In 2021, five executives at Centennial Resource Development received on average a compensation package of $4.3M, a 52% increase compared to previous year.

Average pay of disclosed executives at Centennial Resource Development

Sean R. Smith, Chief Executive Officer, received $8.7M in total, which increased by 31% compared to 2020. 76% of Smith's compensation, or $6.6M, was in stock awards. Smith also received $1.4M in non-equity incentive plan, $708K in salary, as well as $22K in other compensation.

For fiscal year 2021, the median employee pay was $198,914 at Centennial Resource Development. Therefore, the ratio of Sean R. Smith's pay to the median employee pay was 44 to one.

George S. Glyphis, Chief Financial Officer, received a compensation package of $4.3M, which increased by 24% compared to previous year. 73% of the compensation package, or $3.1M, was in stock awards.

Davis O. O'Connor, General Counsel, earned $3.1M in 2021, a 29% increase compared to previous year.

Matthew R. Garrison, Chief Operating Officer, received $3.1M in 2021, which increases by 30% compared to 2020.

Brent P. Jensen, Chief Accounting Officer, earned $2.5M in 2021, a 28% increase compared to previous year.