James H. Walter is the co-CEO of Permian Resources Corporation, where he has been helping steer the company since October 2023. He holds a B.B.A. in Finance from the University of Texas at Austin and has made a name for...

James H. Walter is the co-CEO of Permian Resources Corporation, where he has been helping steer the company since October 2023. He holds a B.B.A. in Finance from the University of Texas at Austin and has made a name for himself in the finance field. His focus is clear: aligning executive compensation with the company’s performance. In 2023, the total compensation for Walter was $4,297, which is a bit unusual since he does not receive a salary or bonuses. Instead, his pay comes from performance stock units granted in 2022 that are tied to the company's long-term success. This reflects a hands-on approach to his leadership role, aiming to drive shareholder returns. Interestingly, his insider trading activity shows some significant values, with his holdings peaking at $211.22 million in April 2024 but gradually declining to $160.69 million by September 2024. This fluctuation shows the dynamic nature of his investments and the company's performance over time.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Permian Resources CEOs

P

James H. Walter

CEO of Permian Resources

Education

B.B.A. in Finance from the University of Texas at Austin

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Energy

Born

January 1, 1975 - 50 years ago

CEO of Permian Resources for

1 year 6 months (Oct 2023 - Present)

Previous Experience

CEO of Earthstone Energy, Inc.

Rivals

Competitors/colleagues of James H. Walter

M

Joseph Wm. Foran

Founder and CEO of Matador Resources

2023 Compensation

Stock

$11.09M

Salary

$1.35M

Bonus

$3.11M

Other

$25.70K

Total Holdings

$26.93M

D

Kaes Van't Hof

CEO of Diamondback Energy

2023 Compensation

Stock

$450.00K

Salary

$950.00K

Bonus

$300.00K

Other

$50.00K

Total Holdings

$16.35M

S

Javan D. Ottoson

CEO of SM Energy

2022 Compensation

Stock

$0.00

Salary

$773.08K

Bonus

$1.10M

Other

$167.84K

Total Holdings

$12.79M

O

Brendan McCracken

CEO of Ovintiv

2023 Compensation

Stock

$3.86M

Salary

$1.10M

Bonus

$2.54M

Other

$407.55K

Total Holdings

$7.62M

C

Douglas E. Brooks

CEO of Chord Energy

2023 Compensation

Stock

$1.01M

Salary

$850.00K

Bonus

$0.00

Other

$23.81K

Total Holdings

$2.75M

Holdings

See how much did James H. Walter make over time.

James H. Walter's holdings in Permian Resources Corporation have seen interesting fluctuations. As of early March 2024, his holdings were worth approximately $200.31 million, a number that peaked at $211.22 million in April. Over the following months, the value of...

James H. Walter's holdings in Permian Resources Corporation have seen interesting fluctuations. As of early March 2024, his holdings were worth approximately $200.31 million, a number that peaked at $211.22 million in April. Over the following months, the value of his holdings decreased, hitting $198.92 million in May, then further down to $186.88 million in June. This gradual decline continued, with values recorded at $192.72 million in July and $173.40 million in August. By September 2024, his holdings stood at $160.69 million. This change highlights the impact of market conditions and performance metrics on his investment position.

Total Stock Sold

$62.52M

PR

$62.52M

4,000,000 PR shares

What if they kept their stock?

If James H. Walter didn't sell their stock, today they would have:
Extra PR4,000,000 shares worth $31.80M.
This is -49.14% and $30.72M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of James H. Walter.

PR

$62.84M

PR at $15.71/share

Mar 6, 2024

Sale

Compensation History

See how much did James H. Walter make over time.

In 2023, James H. Walter's total compensation as co-CEO of Permian Resources Corporation was $4,297. This figure is quite unique because it is composed entirely of other compensation rather than a salary or bonuses. Walter and his co-CEO do not participate in the Annual Incentive Program, which is common at many companies. Instead, their compensation is fully aligned with the long-term performance of the company, reflected in performance stock units (PSUs) granted in 2022. These PSUs are designed to vest over a multi-year period based on total shareholder return. This structure emphasizes a strong connection between executive pay and company performance, making Walter's financial success directly tied to that of Permian Resources.

Year

2023

Total Compensation

$4.30K

Salary

$0.00

Board Justification

The compensation philosophy emphasizes performance-based compensation, aligning executive pay with shareholder returns, with Co-CEOs receiving 100% of their compensation in the form of long-term incentive awards.

Bonus

$0.00

Board Justification

No bonus was awarded for 2023 as the Co-CEOs do not participate in the Annual Incentive Program.

Other

$4.30K

Board Justification

Other compensation includes matching contributions to the 401(k) Plan and other benefits.

Restricted Stock

$0.00(0 PSUs)

Board Justification

No stock awards were granted or vested in 2023 as the Co-CEOs' compensation consists entirely of PSUs granted in 2022, which are structured to vest over a multi-year performance period.

Performance Metrics

The performance metrics for the PSUs are based on total shareholder return (TSR) on both an absolute basis and relative to the peer group.

Other Permian Resources CEOs

Here are other CEOs of Permian Resources

Sean R. Smith

Ex-CEO of Permian Resources

June 2020 - December 2022