EQT (EQT) executive compensation, 2026 proxy

Toby Z. Rice, President and Chief Executive Officer, was paid $16.1M in 2025, up 43% from $11.3M the year before. The CEO-to-median-employee pay ratio was 103:1, on median employee pay of $155,823.

Filed
February 26, 2026
Annual meeting
April 14, 2026
Pay year
2025
Named executives
5
CEO total pay
$16.1M+43% vs prior year
CEO to median employee
103:1median $155,823
CEO pay in equity
84%$13.6M in awards
Prior say-on-pay support
98%of votes cast
Free Cash Flow
$2.9BGenerated during fiscal 2025
Operating Activities Cash
$5.1BNet cash provided by operations
Quarterly Dividend Increase
5%Increase to $0.165 per share
Say-on-Pay Support
98%At the 2025 annual meeting

How Rice was paid

$16.1M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary0%Stock awards84%Non-equity incentive16%

Named executive officers

ExecutiveTotal
Toby Z. RicePresident and Chief Executive Officer$16,087,233
Jeremy T. KnopChief Financial Officer$9,417,798
J.E.B. BolenExec VP Operations$3,947,378
Sarah FentonExec VP Upstream$3,935,971
William E. JordanChief Legal and Policy Officer$4,105,199

What changed and why

  • $16.1MCEO total compensation increased to $16,087,233 in 2025 due to higher stock and incentive awards.
  • 30%Free cash flow per share remained the most heavily weighted performance measure at 30% under the STIP.
  • The company maintained broad equity ownership through its equity for all program providing RSU grants.
  • 10%The 2025 STIP added production as a performance measure representing 10% of pool funding.
  • 98%Shareholders approved say-on-pay compensation with 98% support at the previous annual meeting.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.