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Corbin J. Robertson, Jr. is the CEO and Chairman of GP Natural Resource Partners, L.P., a company he helped establish in 2002. With a degree from the University of Texas at Austin, he has deep roots in the energy sector,...

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Corbin J. Robertson, Jr.

Founder and CEO of Natural Resource Partners

Education

Bachelor's degree from the University of Texas

Field of Expertise

Energy & Utilities - Energy

Sector of Economy

Energy

Born

July 1, 1955 - 69 years ago

CEO of Natural Resource Partners for

22 years 7 months (Oct 2002 - Present)

Previous Experience

Chairman and CEO of Quintana Minerals Corporation

Rivals

Competitors/colleagues of Corbin J. Robertson, Jr.

Holdings

See how much did Corbin J. Robertson, Jr. make over time.

Corbin J. Robertson, Jr. has a significant amount of his wealth tied up in Natural Resource Partners, having a peak wealth value of around $245 million in July 2024. In 2018, he held over 133,600 phantom units, with significant equity...

Insider Trading

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NRP

$3.25M

NRP at $12.02/share

Oct 10, 2014

Purchase

NRP

$245.30K

NRP at $19.62/share

Aug 22, 2013

Purchase

NRP

$20.00K

NRP at $20.00/share

Oct 17, 2002

Purchase

Compensation History

See how much did Corbin J. Robertson, Jr. make over time.

In 2018, Corbin J. Robertson, Jr. earned a total compensation of approximately $1.46 million primarily through a salary of $1.21 million and a cash bonus of $250,000, which reflects his contributions to performance metrics. In contrast, his compensation in 2017 was much higher, totaling $3.25 million, driven mainly by a discretionary bonus related to his leadership and the company's performance. The interesting twist is that in previous years, especially around 2016 and prior, he often did not take a salary or bonus, relying on long-term performance-based phantom units instead. This structure aligns his interests with the company’s health and the welfare of unitholders. The compensation philosophy aims to motivate leaders to optimize for long-term success rather than short-term gains, showcasing a commitment to sustainable growth.

Year

2018

Total Compensation

$1.46M

Salary

$1.21M

Board Justification

The compensation philosophy aims to retain qualified individuals to manage the business under current market conditions, with a focus on aligning executive compensation with company performance and peer benchmarking.

Bonus

$250.00K

Board Justification

Discretionary short-term cash incentive award based on performance metrics and individual contributions for the year 2018.

Other

$0.00

Board Justification

No additional compensation reported outside of salary, bonus, and stock awards.

Restricted Stock

$0.00(0 Phantom Units)

Board Justification

No stock was vested in 2018 as all stock awards were phantom units that will settle in common units upon vesting in future periods.

Performance Metrics

Performance metrics considered for the bonus included overall company performance and individual contributions.