Sundar PichaiSundar Pichai earned $164M in 2023

Christopher L. Conoscenti, the CEO of Sitio Royalties Corp., has a solid background in the oil and gas sector. He's around 48 years old and earned his degree in Petroleum Engineering from the University of Texas at Austin. Before joining...

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Christopher L. Conoscenti

CEO of Sitio Royalties

Education

Bachelor of Arts degree from the University of Notre Dame and a Juris Doctor and a Master of Business Administration from Tulane University.

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Basic Materials

CEO of Sitio Royalties for

2 years 5 months (Dec 2022 - Present)

Previous Experience

Worked in Oil & Gas Investment Banking at J.P. Morgan Securities LLC and Credit Suisse.

Holdings

See how much did Christopher L. Conoscenti make over time.

Christopher L. Conoscenti holds a substantial amount of shares in Sitio Royalties, with his wealth primarily tied to the company's performance. As of 2023, he vested 104,114 shares of restricted stock units (RSUs) worth about $2.8 million, indicating that he...

Insider Trading

See recent insider trades of Christopher L. Conoscenti.

STR

63,131 shares

STR

Feb 27, 2024

Received

STR

$50.48K

STR at $20.19/share

Mar 17, 2023

Purchase

STR

$221.20K

STR at $22.12/share

Mar 13, 2023

Purchase

STR

58,486 shares

STR

Mar 1, 2023

Received

STR

103,615 shares

STR

Dec 29, 2022

Received

STR

92,858 shares

STR

Dec 29, 2022

Received

STR

103,615 shares

STR

Jun 10, 2022

Received

STR

92,858 shares

STR

Jun 7, 2022

Received

Compensation History

See how much did Christopher L. Conoscenti make over time.

In 2023, Christopher L. Conoscenti's total compensation was approximately $6.7 million, a significant increase from the previous year's $316,000. This steep rise is largely due to the value of vested stock, which amounted to around $2.8 million. His salary was $850,000, and he did not receive any bonuses that year, indicating a focus on long-term performance rather than short-term incentives. Conoscenti's compensation package is aligned with the company's philosophy of long-term value creation for shareholders, highlighting a commitment to rewarding sustained performance. His compensation plan underscores his role in steering Sitio towards growth in the competitive energy sector.

Year

2023

Total Compensation

$3.68M

Salary

$850.00K

Board Justification

The compensation philosophy emphasizes performance-based compensation aligned with shareholder interests, focusing on long-term value creation through equity-based incentives tied to absolute total shareholder return.

Bonus

$0.00

Board Justification

No short-term incentive compensation / cash bonus for executives in 2023

Other

$32.30K

Board Justification

Includes 401(k) contributions, life insurance premiums, and tax distributions related to restricted securities.

Restricted Stock

$2.80M(104.11K RSU)

Board Justification

The number of shares acquired on vesting during 2023, reflecting the vested RSUs and PSUs based on performance metrics achieved.

Performance Metrics

The primary performance metric for compensation is the absolute total shareholder return (TSR) over a three-year period.