Sundar PichaiSundar Pichai earned $164M in 2023

Timothy Cutt is the former CEO of Gulfport Energy, having led the company from May 2021 until January 2023. He has a solid educational background with a bachelor's degree in business administration from a U.S. university. His time in this...

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Timothy Cutt

Ex-CEO of Gulfport Energy

Education

Bachelor's degree in business administration from a university in the United States.

Field of Expertise

Business & Management

Sector of Economy

Energy

Born

January 1, 1968 - 57 years ago

CEO of Gulfport Energy for

1 year 8 months (May 2021 - Jan 2023)

Previous Experience

CEO of Montage Resources Corporation; President and CEO of Blue Ridge Mountain Resources; COO at Ascent Resources.

Holdings

See how much did Timothy Cutt make over time.

Timothy Cutt's stock holdings saw some major fluctuations during his time with Gulfport Energy. In August 2021, he made a notable sale of $1.87 million, signaling a strong confidence in the company's market performance. His earlier trades in 2019 and...

Charitable Transactions

GPOR

8,363 shares

GPOR

Recent Charitable Transactions

GPOR

4,361 shares

GPOR

Aug 29, 2024

Charity

GPOR

4,002 shares

GPOR

Jun 13, 2024

Charity

Insider Trading

See recent insider trades of Timothy Cutt.

GPOR

4,361 shares

GPOR

Aug 29, 2024

Charity

GPOR

4,002 shares

GPOR

Jun 13, 2024

Charity

GPOR

964 shares

GPOR

May 23, 2024

Received

GPOR

48,133 shares

GPOR

May 17, 2024

Received

GPOR

23,409 shares

GPOR

Apr 29, 2022

Received

GPOR

24,590 shares

GPOR

Jul 21, 2021

Received

Compensation History

See how much did Timothy Cutt make over time.

In 2023, Timothy Cutt received $385,141 in total compensation after transitioning to the role of Executive Chairman from his previous position as CEO. His package included a base salary of $229,005, along with severance payments and other benefits related to his transition. The previous year, he earned a much higher total of $6.45 million, driven by a combination of salary, bonuses, and the value of vested stock that showcased the aggressive performance-based pay structure at Gulfport. Cutt's compensation plan included elements designed to create strong incentives for both him and the company's performance, aligning his interests with those of shareholders for long-term growth and stability. Overall, his compensation reflected significant achievements and responsibilities in leading the company during a transitional period.

Year

2023

Total Compensation

$1.82M

Salary

$229.01K

Board Justification

The compensation philosophy emphasizes alignment with shareholder interests through performance-based pay and competitive compensation packages to attract and retain top talent.

Bonus

$154.85K

Board Justification

Pro-rated portion of target annual bonus for fiscal year 2023 based on transition agreement.

Other

$156.14K

Board Justification

Includes severance payments and other benefits during the transition period.

Restricted Stock

$1.28M(13.95K RSU)

Board Justification

Time-based restricted stock units that vested in 2023, based on the vesting provisions of the applicable award agreements.

Performance Metrics

Performance metrics include financial health indicators such as adjusted free cash flow and operational efficiency measures.