Kim Weimer
About Kim Weimer
Interim Chief Financial Officer and Chief Accounting Officer of Granite Ridge Resources (GRNT) since June 12, 2025; previously Chief Accounting Officer from January 2024. Age 46; B.S. in Finance and Accounting (Louisiana State University); Certified Public Accountant (Texas) . Granite Ridge emphasizes total shareholder returns and low leverage; Weimer’s 2025 equity awards are explicitly tied to stock price performance, aligning pay with shareholder outcomes .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Granite Ridge Resources | Interim CFO & Chief Accounting Officer | Appointed Jun 12, 2025 | Oversees finance, accounting, interim leadership during CFO search |
| Granite Ridge Resources | Chief Accounting Officer | Jan 2024–Jun 2025 | Led accounting and reporting functions |
| Titanium Exploration Partners | Chief Financial Officer | Oct 2018–Dec 2023 | Oversaw finance and accounting operations |
| Enduro Resource Partners | Vice President & Chief Financial Officer | Not disclosed | Executive finance leadership |
| Encore Acquisition Company; Encore Energy Partners | Director of Investor Relations | Not disclosed | Capital markets and IR strategy |
External Roles
No public company directorships or committee roles disclosed .
Fixed Compensation
Time-based equity granted upon appointment as Interim CFO.
| Component | Grant Date | Amount / Terms | Vesting | Change-of-Control Treatment | Notes |
|---|---|---|---|---|---|
| Restricted Stock (RS) | Jun 12, 2025 | 42,955 shares | 100% vest on Jun 12, 2030 (5th anniversary) | Double-trigger: vests in full if terminated without Cause within 12 months post-CoC | Standard transfer and withholding restrictions; subject to clawback |
Performance Compensation
Price-based PSUs granted upon appointment as Interim CFO.
| Metric | Target / Tranches | Performance Period | Trigger / Target | Actual (to date) | Payout | Vesting & Acceleration |
|---|---|---|---|---|---|---|
| Stock Price (closing) | 128,866 PSUs in 3 tranches: 42,955; 42,955; 42,956 | Grant to Dec 31, 2032 | Company closing stock price ≥ $7.00 for 20 consecutive trading days | Not disclosed | 1 share of common stock per earned PSU | Single-trigger CoC: deemed earned at Target and vests; Shares issued by Mar 15 following CoC year |
Clawback policy: Company will recover incentive-based compensation tied to financial reporting measures upon a required accounting restatement (NYSE Rule 10D compliance, effective Nov 8, 2023) .
Equity Ownership & Alignment
| Item | Amount | Status | Notes |
|---|---|---|---|
| Beneficial ownership (common shares) | Not disclosed | N/A | 2025 proxy lists only CEO/CFO and directors; Weimer not included in beneficial ownership table . |
| Unvested PSUs | 128,866 | Unvested | Price-based, $7 threshold; performance period through 2032 . |
| Unvested RS | 42,955 | Unvested | Time-based, cliffs on Jun 12, 2030 . |
| Hedging / short sales | Prohibited | Policy | Insider Trading Policy bans hedging/monetization and short sales . |
| Pledging | Not disclosed | — | No explicit pledging policy disclosed in proxy . |
| Ownership guidelines | Not disclosed | — | No executive stock ownership guidelines disclosed for officers . |
Employment Terms
- Appointment: Interim CFO & Chief Accounting Officer effective June 12, 2025; permanent CFO search underway .
- Indemnity: Individual indemnity agreement executed April 3, 2024 (officer status) .
- Base salary / bonus: Not disclosed for Weimer in 8-K or proxy (scaled EGC disclosures only covered CEO/CFO) .
- Severance: Not disclosed for Weimer; award-specific acceleration applies (see RS and PSU agreements) .
- Non-compete / non-solicit: Not disclosed for Weimer; award agreements define “Cause” but do not include restrictive covenants .
Compensation Structure Analysis
- Shift to price-linked PSUs: 100% of PSUs vest only on sustained stock price performance ($7 for 20 consecutive days), strengthening pay-for-performance alignment .
- Long-dated retention RS: Five-year cliff RS reduces near-term selling pressure and supports retention through 2030 .
- Change-of-control economics: PSUs include single-trigger vesting at target on CoC (potentially shareholder-sensitive); RS requires double-trigger (termination without Cause post-CoC) .
- Clawback compliance: NYSE-aligned clawback policy in place since 2023 .
Governance Context (Company-level)
- Controlled company: Voting Agreement parties control ~50% of shares; NYSE governance exemptions utilized (committee independence not fully required) .
- Compensation Committee: Thaddeus Darden (Chair), Matthew Miller, John McCartney; independent consultant engaged (Dana Krieg) .
- Say-on-Pay: Not required as an Emerging Growth Company; scaled executive compensation disclosure applies .
Investment Implications
- Strong alignment via PSUs: Price-based hurdles and sustained trading-day requirement tie Weimer’s upside to shareholder returns; expect reduced discretionary bonuses and emphasis on equity performance .
- Retention signal: Five-year cliff RS likely lowers near-term insider selling pressure, supporting stability through 2030 .
- Event risk: Single-trigger PSU vesting at target on change-of-control increases potential payout asymmetry in strategic transactions; RS protection is more shareholder-friendly with double-trigger .
- Policy safeguards: Hedging bans and NYSE-compliant clawback mitigate misalignment risks; however, controlled company status may influence compensation oversight dynamics .