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Investor Presentaiton

Differentiated Shareholder Alignment PR % of Total Equity Owned by CEO1 8% 7% 6% 5% 4% 3% 2% 1% 0% PR Significant CEO ownership of ~6% separates PR from peers Permian Resources has adopted a performance-focused compensation philosophy, driving differentiated shareholder alignment Significant senior leadership insider ownership: One of the largest CEO ownership levels in the industry • Management team compensation shifting towards performance-based equity compensation: The Company's Co-CEOs will receive compensation solely in performance stock units (PSUs) with no cash salary or bonus Director compensation has been redesigned to increase weighting of equity compensation for the Company's Board of Directors PSUs will be increasingly used for equity awards to the Company's leadership team (CEO, EVP, SVP and VP) to further align officer compensation with shareholders Sources: IHS Markit's BD Corporate, Company filings and Colgate estimates. (1) Comparable companies exclude controlled companies. Peer figures assume direct beneficial ownership held by CEO only 15
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