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  "documentTitle": "Oasis Stratus Presentation March 2021",
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  "notes": "The slide uses a visual gap analysis to highlight the delta between CEO pay and peer medians.",
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      "kind": "callout",
      "text": "During Ms. Benson's time on the Board, CEO compensation was moderately reined in. However, Mr. Armstrong's compensation remains excessive.",
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      "text": "CEO Compensation as % of Average Market Cap",
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      "text": "To make CEO compensation objective, the following must occur: Introduce a formulaic compensation scheme that actually ties pay to performance. Introduce policies that reduce potential issues that could arise from a lack of separation of the CEO and Chairman roles. Remove Mr. Leslie as Chair of Compensation Committee. Reconstitute Compensation Committee to be comprised of a majority of truly independent directors with no loyalty to the CEO.",
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      "text": "Over the last three years, Mr. Armstrong has earned in excess of $5mm in total compensation while shareholders have earned -2% over the same period. There is a lack of correlation between compensation and performance.",
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      "text": "Note: Compensation based on total compensation as disclosed in proxy filings of Stratus and peers. Market capitalization is average during each respective fiscal year. Source: Public filings, Bloomberg",
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      "text": "CEO Compensation Continues to Be Excessive",
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