Prairie Operating appoints Gregory S. Patton as CEO and Michael Shelly as CFO

Prairie Operating Co.

Patton, previously EVP/CFO, becomes CEO; receives $625k base salary and 850,000-share equity award split between PSUs (price milestones) and RSUs (3-year vest).
Shelly, former Citigroup MD, becomes EVP/CFO; receives $525k base salary and 1,400,000-share equity award (560k PSUs on relative TSR, 840k RSUs vesting over 3 years).
Both executives have annual bonus target of 100% of base salary and LTIP target of 300% of base salary.
Compensation Committee amended 2025 PSU awards to set Initial Value at $2.75 per share for TSR performance period ending Dec 31, 2027.

item 5.02 item 9.01

Executive movements

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Role change

Gregory S. Patton

Chief Executive Officer

PROP · Prairie Operating Co.

Effective: 2026-06-23
Successor: Michael Shelly
Filed: June 25, 2026, 7:45 AM ET

appointed (i) Gregory S. Patton, the Company’s Executive Vice President and Chief Financial Officer, to serve as Chief Executive Officer of the Company and as a member of the Board

Appointed

Gregory S. Patton

Director

PROP · Prairie Operating Co.

Effective: 2026-06-23
Filed: June 25, 2026, 7:45 AM ET

appointed (i) Gregory S. Patton, the Company’s Executive Vice President and Chief Financial Officer, to serve as Chief Executive Officer of the Company and as a member of the Board

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Gregory S. Patton was appointed as Chief Executive Officer at Prairie Operating Co..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

appointed (i) Gregory S. Patton, the Company’s Executive Vice President and Chief Financial Officer, to serve as Chief Executive Officer of the Company and as a member of the Board

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Gregory S. Patton was appointed as Director at Prairie Operating Co..

Action: appointed
Role: Director

Exact text from the filing

appointed (i) Gregory S. Patton, the Company’s Executive Vice President and Chief Financial Officer, to serve as Chief Executive Officer of the Company and as a member of the Board

View on SEC.gov

Prairie Operating Co. filing history →

Source: SEC EDGAR

accession 0001140361-26-026324

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