leadership
confidence high
sentiment neutral
materiality 0.55
Prairie Operating amends exec comp: CEO base raised to $750k, bonus target cut to 125%
Prairie Operating Co.
- CEO Ed Kovalik base salary increased to $750k (from $550k), bonus target reduced to 125% (from 250%), retroactive to Jan 1, 2025.
- President Gary Hanna base salary raised to $675k (from $550k), bonus target also cut to 125% of base, retroactive to Jan 1, 2025.
- CFO Gregory Patton base salary set at $550k (increase); new severance equal to 3x base plus target bonus on change-of-control termination.
- Changes aimed to align cash compensation with competitive market per compensation consultant Zayla (Gallagher).