How Vogel was paid
$7.9M 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.
Named executive officers
| Executive | Salary | Bonus | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|---|
| Elizabeth A. McDonaldPresident, Chief Executive Officer and Director | $576,369 | $875,000 | $2,299,995 | $536,024 | — | $187,784 | $4,475,172 |
| A. Wade PursellExecutive Vice President and Chief Financial Officer | $581,957 | — | $2,499,989 | $541,220 | $215,853 | $21,000 | $3,860,019 |
| James B. LebeckExecutive Vice President - Chief Corporate Development Officer, General Counsel and Corporate Secretary | $462,485 | — | $1,699,987 | $344,089 | — | $48,291 | $2,554,852 |
| Herbert S. VogelFormer President, Chief Executive Officer and Director | $889,262 | — | $5,500,001 | $992,416 | $342,029 | $154,904 | $7,878,612 |
| Kenneth J. KnottAdvisor, Former Senior Vice President - Business Development and Land | $413,393 | — | $800,002 | $288,342 | $171,059 | $69,206 | $1,742,002 |
What changed and why
- $2.01BSM Energy delivered record operating cash flow of $2.01 billion in 2025 despite benchmark oil price declines.
- 21%Net production increased by 21% with oil comprising 53% of total volumes in 2025.
- The company completed a transformational merger with Civitas Resources on January 30, 2026.
- 10%Fixed annual dividend was increased by 10% to $0.88 per share in February 2026.
- Beth McDonald was appointed President and Chief Executive Officer in early 2026.
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.