Diamondback Energy EVP Russell Pantermuehl to retire Dec 31; Barkmann and Cho promoted

Diamondback Energy, Inc.

Russell Pantermuehl retires as EVP & Chief Engineer effective Dec 31, 2021; will serve as consultant through Dec 2022 at $4k/month.
Unvested equity awards continue to vest during consulting period; forfeited after expiration.
Al Barkmann promoted to SVP Reservoir Engineering, assumes many of Pantermuehl's duties.
Yong Cho promoted to SVP Drilling; both report to EVP Danny Wesson.
Pantermuehl joined Diamondback in Aug 2011 before IPO; eligible for 2021 annual bonus.

item 1.01 item 5.02 item 7.01 item 9.01

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Departed

Russell Pantermuehl

Executive Vice President and Chief Engineer

FANG · Diamondback Energy, Inc.

Effective: 2021-12-31
Filed: November 30, 2021, 6:59 PM ET

Russell Pantermuehl, Diamondback’s Executive Vice President and Chief Engineer and a named executive officer in Diamondback’s definitive proxy statement on Schedule 14A filed on April 23, 2021 (the “Proxy Statement”), will be retiring from his current role at Diamondback effective as of December 31, 2021 (the “Retirement Date”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Russell Pantermuehl retired as Executive Vice President and Chief Engineer at Diamondback Energy, Inc..

Action: retired
Role: Executive Vice President and Chief Engineer

Exact text from the filing

Russell Pantermuehl, Diamondback’s Executive Vice President and Chief Engineer and a named executive officer in Diamondback’s definitive proxy statement on Schedule 14A filed on April 23, 2021 (the “Proxy Statement”), will be retiring from his current role at Diamondback effective as of December 31, 2021 (the “Retirement Date”).

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Diamondback Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-21-343714

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