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EQT Corp Executive Compensation (FY25)

EQT · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Toby Rice
Latest say-on-pay support
=
April 14, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 5, 2026Latest filing (8-K): April 15, 2026
10 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
EQT Corp brief$500Get the executive brief
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361 figures on this page: 355 cited to the filing that reported them, 6 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Toby Rice: $11,254,921 → $16,087,233 (42.9% higher)
Say-on-pay support: 98.5% → 94.7% (3.8 points lower)
CEO pay ratio: 74:1 → 103:1 (39.2% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is EQT Corp's chief executive and what were they paid?
Toby Rice was paid $16,087,233 in total compensation as President and Chief Executive Officer for fiscal 2025. Rice's total moved 42.9% higher from the $11,254,921 reported for fiscal 2024.
What was EQT Corp's say-on-pay result?
Shareholders supported the say-on-pay proposal with 94.7% of votes cast for or against in favor at the meeting held April 14, 2026 for fiscal 2025.
Which companies are in EQT Corp's peer group?
Companies named in the disclosed peer group include Antero Resources Corporation, APA Corporation, Coterra Energy, Inc., Devon Energy Corporation and Diamondback Energy, Inc., among others.
What is EQT Corp's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 103:1, against median employee compensation of $155,823.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Toby Rice
President and Chief Executive Officer
◇—◇—◇——◇
David Khani
Former Chief Financial Officer
◇—◇—◇—◇◇
William Jordan
Chief Legal and Policy Officer and Corporate Secretary
◇—◇—◇—◇◇
Richard Duran
Chief Information Officer
◇—◇—◇—◇◇
Lesley Evancho
Chief Human Resources Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Toby Rice
President and Chief Executive Officer
◇—◇—◇——◇
David Khani
Former Chief Financial Officer
Departed during or after this year
◇—◇———◇◇
William Jordan
Chief Legal and Policy Officer and Corporate Secretary
◇—◇—◇—◇◇
Jeremy Knop
Chief Financial Officer
◇—◇—◇—◇◇
Richard Duran
Chief Information Officer
◇—◇—◇—◇◇
Lesley Evancho
Chief Human Resources Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Toby Rice
President and Chief Executive Officer
◇—◇—◇—◇◇
Jeremy Knop
Chief Financial Officer
◇—◇—◇—◇◇
William Jordan
Chief Legal and Policy Officer and Corporate Secretary
◇—◇—◇—◇◇
Robert Wingo
Executive Vice President Corporate Ventures and Midstream
◇—◇—◇—◇◇
Richard Duran
Chief Information Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Toby Rice
President and Chief Executive Officer
◇—◇—◇——◇
Jeremy Knop
Chief Financial Officer
◇—◇—◇—◇◇
William Jordan
Chief Legal and Policy Officer
◇—◇—◇—◇◇
J.E.B. Bolen
Exec VP Operations
◇—◇—◇—◇◇
Sarah Fenton
Exec VP Upstream
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Jeremy T. KnopRSU◇——◇——◇
Jeremy T. KnopRSU◇——◇——◇
Jeremy T. KnopPSU◇—◇—◇—◇
Jeremy T. KnopPSU◇—◇—◇—◇
Sarah FentonRSU◇——◇——◇
Sarah FentonPSU◇—◇—◇—◇
Sarah FentonRSU◇——◇——◇
Toby Z. RiceRSU◇——◇——◇
Toby Z. RicePSU◇—◇—◇—◇
William E. JordanRSU◇——◇——◇
William E. JordanPSU◇—◇—◇—◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Toby RicePSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Jeremy KnopPSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
William JordanPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Sarah FentonRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
J.E.B. BolenRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
David Khani
Former Chief Financial Officer · Severance agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
David Porges
Severance agreement
Benefits continuation on change in control◇
David Schlosser Jr.
Severance agreement
Benefits continuation on change in control◇
Non-compete period◇
Non-solicit period◇
Donald Jenkins
Executive Vice President · Severance agreement
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Erin Centofanti
Executive Vice President · Severance agreement
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
J.E.B. Bolen
Exec VP Operations · Severance agreement
Benefits continuation on change in control◇
Jeremy Knop
Chief Financial Officer · Severance agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Jonathan Lushko
General Counsel · Severance agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Lesley Evancho
Chief Human Resources Officer · Severance agreement
Benefits continuation on change in control◇
Benefits continuation◇
Richard Duran
Chief Information Officer · Severance agreement
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Robert McNally
Chief Executive Officer · Severance agreement
Benefits continuation on change in control◇
Benefits continuation◇
Robert Wingo
Executive Vice President Corporate Ventures and Midstream · Severance agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Sarah Fenton
Exec VP Upstream · Severance agreement
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Steven Schlotterbeck
Severance agreement
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Toby Rice
President and Chief Executive Officer · Severance agreement
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
William Jordan
Chief Legal and Policy Officer · Severance agreement
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2024
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Lydia I. Beebe
◇◇———◇◇
Lee M. Canaan
◇◇———◇◇
Frank C. Hu
◇◇———◇◇
Mr. McManus
◇◇———◇◇
Janet L. Carrig
◇◇———◇◇
Kathryn J. Jackson
◇◇———◇◇
Mr. McCartney
◇◇———◇◇
Anita M. Powers
◇◇———◇◇
Hallie A. Vanderhider
◇◇———◇◇
Mr. D. Rice
◇◇———◇◇
Robert F. Vagt
◇◇———◇◇
Vicky A. Bailey
◇◇———◇◇
Thomas F. Karam
◇◇———◇◇
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.
Stock ownership guideline: 5x annual cash retainer ($500,000)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Antero Resources Corporation AR
  • APA Corporation APA
  • Coterra Energy, Inc. CTRA
  • Devon Energy Corporation DVN
  • Diamondback Energy, Inc. FANG
  • EOG Resources, Inc. EOG
  • Expand Energy Corporation EXE
  • Occidental Petroleum Corporation OXY
  • ONEOK, Inc. OKE
  • Ovintiv Inc. OVV
  • Permian Resources Corporation PR
  • Range Resources Corporation RRC
  • Targa Resources Corp. TRGP
  • The Williams Companies, Inc. WMB

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 14, 2026=◇◇◇
2024April 16, 2025=◇◇◇
2022April 19, 2023=◇◇◇
2021April 20, 2022=◇◇◇
2018July 10, 2019=◇◇◇
2017June 21, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Toby Rice (President and Chief Executive Officer), FY2025 total compensation $16,087,233 (base salary $1) [exec_comp, SEC accession 0001104659-26-020027, filed 2026-02-26]

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What this page does not include

Everything above is a fact EQT Corp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
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Where EQT Corp sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
361 figures on this page: 355 cited to the filing that reported them, 6 calculated from figures it prints.
355 cited to the filing
6 calculated from the filing

Documents cited

  1. 0001104659-26-043807
    Proposal 2: Approval of a Non-Binding Resolution to Approve the Compensation of the Company’s Named Executive Officers for 2025 (Say-on-Pay) The shareholders approved a non-binding resolution to appro
  2. 0001104659-26-020027
    2025 Grants of Plan-Based Awards Table · CEO Pay Ratio · Director Compensation · Outstanding Equity Awards at Fiscal Year-End · and 1 more section
  3. 0001104659-25-036013
    Proposal 2: Approval of a Non-Binding Resolution to Approve the 2024 Compensation of the Company’s Named Executive Officers (Say-on-Pay) The shareholders approved a non-binding resolution to approve t
  4. 0001104659-25-019408
    Directors’ Compensation · Summary Compensation Table
  5. 0001104659-24-029592
    Summary Compensation Table
  6. 0001104659-23-047774
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001104659-22-048392
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001104659-19-039833
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001104659-18-041647
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
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Velarion, “EQT Corp executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/EQT (accessed 2026).
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10 filings cited on this page
Method: intel.velarion.ai/methodology
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Energy rankings

Chief executive pay — EnergyCEO pay ratio — EnergySay-on-pay support — Energy

Peers EQT Corp discloses

The companies named in EQT's own disclosed peer group.

Antero Resources CorporationAPA CorporationCoterra Energy, Inc.Devon Energy CorporationDiamondback Energy, Inc.EOG Resources, Inc.Expand Energy CorporationOccidental Petroleum CorporationONEOK, Inc.Ovintiv Inc.Permian Resources CorporationRange Resources CorporationTarga Resources Corp.The Williams Companies, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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