In 2023, Anthony G. Petrello earned $15.83M in total compensation at Nabors Energy Transition Corp. II, including $1.75M salary, $1.58M bonus and $11.06M in stock. Most recently acquired 31,456 shares in Jan 2024. Currently holds stock worth $12.89M. Has donated $2.19M in stock to charitable causes.
Compensation History
Annual executive compensation data for Anthony G. Petrello, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$15.83M
Salary
$1.75M
Bonus
$1.58M
Other
$1.44M
Salary
$1.75MBoard Justification
The compensation philosophy aims to attract, retain, and motivate leaders who understand the complexities of the business and can deliver positive results, with a significant portion of compensation tied to performance metrics that align with shareholder interests.
Bonus
$1.58MBoard Justification
The annual cash incentive is based on performance metrics, specifically Adjusted EBITDA less CAPEX, with a target of $633 million for 2023, resulting in a cash incentive earned of approximately $1.58 million for the CEO.
Other Compensation
$1.44MBoard Justification
Includes contributions to the Executive Plan, unreimbursed incremental variable operating costs for personal use of corporate aircraft, and other benefits.
Restricted Stock
Board Justification
The number of shares acquired upon vesting of Performance Stock Units (PSUs) for the year 2023, which were earned based on performance goals established for the year.
Performance Metrics
The performance metrics for the CEO's compensation in 2023 included Adjusted EBITDA less CAPEX, with specific targets set for financial performance.
Anthony G. Petrello
Ex-CEO of Nabors Energy Transition Corp. II
Education
J.D. from Harvard Law School, B.S. and M.S. in Mathematics from Yale University.
Field of Expertise
Legal & Compliance - Law
Sector of Economy
Financial Services
Born
April 1, 1957 - 68 years ago
CEO of Nabors Energy Transition Corp. II for
0 years 11 months (Jul 2023 - Jun 2024)
Previous Experience
Formerly served as the CEO of Nabors Industries Ltd. and has extensive experience in the energy sector.
Other Nabors Energy Transition Corp. II CEOs
Holdings
Track Anthony G. Petrello's stock holdings and portfolio value over time.
Charitable Transactions
37,404.72 shares
NBR
Recent Charitable Transactions
3,500 shares
NBR
Dec 31, 2021
Charity
$304.07K
NBR at $56.31/share
Dec 29, 2020
Charity
425,000 shares
NBR
Dec 31, 2018
Charity
225,000 shares
NBR
Dec 27, 2017
Charity
100,000 shares
NBR
Dec 29, 2016
Charity
250,000 shares
NBR
Jan 4, 2016
Charity
Insider Trading
Anthony G. Petrello's recent stock transactions, purchases, and sales filed with the SEC.
31,456 shares
NBR
Jan 1, 2024
Received
17,843 shares
NBR
Jan 1, 2023
Received
30,305 shares
NBR
Dec 31, 2021
Received
3,500 shares
NBR
Dec 31, 2021
Charity
93,242 shares
NBR
Dec 29, 2020
Received
$304.07K
NBR at $56.31/share
Dec 29, 2020
Charity
3,207,632 shares
NBR
Dec 31, 2019
Received
1,998,684 shares
NBR
Feb 22, 2019
Received
2,092,383 shares
NBR
Dec 31, 2018
Received
Rivals
Compare Anthony G. Petrello with competitor CEOs and industry peers.