NORTHERN OIL & GAS, INC.
For the period ended Apr 11, 2025. Filed Apr 11, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Apr 11, 2025 · Filed Apr 11, 2025
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Contents
32 2025 Proxy Statement
| Table of Contents | Executive Compensation |
|---|
As a result of the foregoing calculations and determinations, the cash awards paid to the named executive officers under the 2024 STIP were as follows:
| Adjusted EBITDA Metric($) | ROCEMetric($) | Individual Goals($) | Total($) | Total(% of Base Salary) | |
|---|---|---|---|---|---|
| Nicholas O’Grady | 443,522 | 538,233 | 600,000 | 1,581,756 | 171 |
| Adam Dirlam | 229,806 | 268,203 | 300,000 | 798,009 | 133 |
| Chad Allen | 172,355 | 201,152 | 225,000 | 598,507 | 120 |
| James Evans | 167,184 | 195,117 | 180,000 | 542,302 | 112 |
| Erik Romslo | 124,991 | 143,230 | 158,000 | 426,221 | 90 |
Long-Term Equity Incentive Program (LTIP)
The purpose of our LTIP is to align the interests of our named executive officers with those of our stockholders and to provide variable compensation primarily dependent upon company performance. Since LTIP awards may vest and grow in value over time, the program is intended to incentivize company performance over the long-term. Equity awards granted pursuant to the LTIP are granted under the EIP.
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