Michael L. Hollis, born in 1970, has a solid background in the energy industry. He graduated with a Bachelor of Science in Chemical Engineering from Louisiana State University. He started his career at ConocoPhillips as a senior drilling engineer and...

Michael L. Hollis, born in 1970, has a solid background in the energy industry. He graduated with a Bachelor of Science in Chemical Engineering from Louisiana State University. He started his career at ConocoPhillips as a senior drilling engineer and later worked at Chesapeake Energy as a drilling manager before joining Diamondback Energy in 2011. At Diamondback, he climbed the ranks from Vice President of Drilling to Chief Operating Officer and then President in 2017. Under his leadership, the company has focused on performance metrics that drive growth and shareholder returns. Despite a successful career, Hollis stepped down from his leadership role in September 2019 for personal reasons. Notably, he has been part of Viper Energy Partners LP since 2014 as a director, showcasing his ongoing influence within the sector. This guy has moved up the corporate ladder within a decade, proving that technical skills and strategic oversight are valuable in today's energy landscape.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Diamondback Energy CEOs

D

Michael L. Hollis

Ex-CEO of Diamondback Energy

Education

Bachelor of Science in Chemical Engineering from Louisiana State University

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Energy

Born

January 1, 1970 - 55 years ago

CEO of Diamondback Energy for

2 years 8 months (Jan 2017 - Sep 2019)

Previous Experience

Vice President-Drilling at Diamondback Energy, Inc.

Rivals

Competitors/colleagues of Michael L. Hollis

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

C

Ryan M. Lance

CEO of ConocoPhillips

2023 Compensation

Stock

$0.00

Salary

$1.74M

Bonus

$0.00

Other

$448.39K

Total Holdings

$13.99M

E

Ezra Y. Yacob

CEO of EOG Resources

2023 Compensation

Stock

$0.00

Salary

$1.17M

Bonus

$2.52M

Other

$373.14K

Total Holdings

$22.37M

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

V

Travis D. Stice

CEO of Viper Energy

2023 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$66.66M

Holdings

See how much did Michael L. Hollis make over time.

Michael L. Hollis has demonstrated significant insider trading activity, particularly from 2019 through early 2024. His holdings were valued at $13.15 million in September 2019. Following that, his holdings showed fluctuations, peaking at $28.22 million in April 2024. Notably, during...

Michael L. Hollis has demonstrated significant insider trading activity, particularly from 2019 through early 2024. His holdings were valued at $13.15 million in September 2019. Following that, his holdings showed fluctuations, peaking at $28.22 million in April 2024. Notably, during this period, he consistently engaged in trades, selling portions of his stock holdings almost every month, which reflected a strategic approach to managing his wealth. By December of 2023, his holdings were valued at approximately $21.20 million, indicating that his wealth creation is tied closely to his stock involvement in Diamondback Energy. Overall, Hollis appears to have effectively capitalized on his stock position, particularly during times of strong company performance in the energy sector.

Total Stock Sold

$18.44M

FANG

$17.78M

213,043 FANG shares

HPK

$660.00K

40,000 HPK shares

What if they kept their stock?

If Michael L. Hollis didn't sell their stock, today they would have:
Extra FANG213,043 shares worth $9.25M and HPK40,000 shares worth $272.00K.
This is -48.34% and $8.91M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Michael L. Hollis.

HPK

$288.43K

HPK at $22.44/share

Nov 17, 2022

Purchase

HPK

$161.98K

HPK at $16.48/share

Sep 19, 2023

Purchase

HPK

$12.00M

HPK at $10.50/share

Jul 19, 2023

Purchase

HPK

$695.76K

HPK at $21.86/share

Dec 6, 2022

Purchase

HPK

$955.31K

HPK at $22.22/share

Nov 21, 2022

Purchase

HPK

$70.72K

HPK at $20.21/share

Sep 23, 2022

Purchase

HPK

$350.02K

HPK at $21.61/share

Sep 2, 2022

Received

HPK

$650.01K

HPK at $21.61/share

Aug 22, 2022

Received

HPK

$66.06K

HPK at $13.21/share

Nov 30, 2021

Purchase

HPK

115,000 shares

HPK

Nov 4, 2021

Received

Compensation History

See how much did Michael L. Hollis make over time.

Michael L. Hollis’s compensation during his time at Diamondback Energy tells an interesting story. In 2019, he earned about $1.05 million through a mix of salary, bonuses, and vested stocks. His salary was $500,000, complemented by a performance bonus of $200,000, which aligned with the company's focus on growth and efficiency. He also had vested stocks valued at $300,000, part of a long-term incentive plan designed to reward sustained performance. Looking back, his total compensation peaked in 2018 at nearly $5.94 million, significantly fueled by a large bonus and stock vesting. His compensation highlights a pay-for-performance strategy, which has been a common theme in his career, ensuring that a large part of his income depended on the company's success.

Year

2019

Total Compensation

$1.05M

Salary

$500.00K

Board Justification

The compensation philosophy focuses on aligning executive pay with company performance, utilizing peer benchmarking to ensure competitiveness and retention of top talent.

Bonus

$200.00K

Board Justification

The bonus is based on the company's performance metrics including production growth and cost management for the year 2019.

Other

$50.00K

Board Justification

Other compensation includes retirement contributions and health benefits provided in 2019.

Restricted Stock

$300.00K(10K RSU)

Board Justification

The stock that vested in 2019 was part of a long-term incentive plan that rewards performance over a three-year period, with vesting occurring upon achievement of specific performance targets.

Performance Metrics

Performance metrics include production growth, cost management, and shareholder return.

Other Diamondback Energy CEOs

Here are other CEOs of Diamondback Energy

Kaes Van't Hof

CEO of Diamondback Energy

March 2019 - Present