Prairie Operating promotes CFO Gregory Patton to CEO, hires Michael Shelly as new CFO

Filed June 25, 2026 · Period ending June 23, 2026 · ~1 min read

Key Changes

• high

  Gregory Patton, 40, promoted from CFO to CEO with $625K base salary, 100% target bonus, and 850,000 share equity grant split between performance and time-based RSUs.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• high

  Michael Shelly, 50, hired as CFO from Citigroup's Natural Resources Investment Banking Group with $525K base salary and 1.4M share equity grant (560K performance RSUs, 840K time-based RSUs vesting over three years).

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• medium

  Compensation Committee amended 2025 performance stock units for executives, setting initial stock value at $2.75/share for calculating total shareholder return over the 2025-2027 performance period.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →