In 2023, Ben M. Palmer earned $1.39M in total compensation at RPC, including $600.00K salary and $768.00K bonus. Most recently acquired 240,000 shares in Apr 2024. Currently holds stock worth $31.49M. 3+ years at the helm of RPC.
Compensation History
Annual executive compensation data for Ben M. Palmer, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$1.39M
Salary
$600.00K
Bonus
$768.00K
Other
$25.05K
Salary
$600.00KBoard Justification
The compensation philosophy is designed to attract, retain, and reward successful executive officers, aligning their interests with those of stockholders through performance-based incentives.
Bonus
$768.00KBoard Justification
Annual performance-based incentive cash compensation based on Operating Cash Flow (OCF) performance metrics for 2023.
Other Compensation
$25.05KBoard Justification
Includes automobile allowance of $8,400 and 401(k) Plan Company match of $14,850.
Restricted Stock
Board Justification
No stock grants were vested in 2023 as the focus is on performance-based compensation and stock options are not included in total compensation calculations.
Performance Metrics
The primary performance metric for 2023 was Operating Cash Flow (OCF), with a target set at $140 million and actual performance achieving $199.6 million.
Ben M. Palmer
CEO of RPC
Education
B.S. in Business Administration from Auburn University
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Energy
Born
January 1, 1966 - 59 years ago
CEO of RPC for
3 years 6 months (May 2022 - Present)
Previous Experience
Vice President, Chief Financial Officer of RPC, Inc. from 1996 to May 17, 2022.
Other RPC CEOs
Holdings
Track Ben M. Palmer's stock holdings and portfolio value over time.
Total Stock Sold
$2.34M
$1.58M
121,719 RES shares
$763.93K
52,000 MPX shares
What if they kept their stock?
If Ben M. Palmer didn't sell their stock, today they would have:
Extra RES121,719 shares worth $704.75K and MPX52,000 shares worth $444.60K.
This is -50.87% and $1.19M less than what they got when they sold the stock.
Insider Trading
Ben M. Palmer's recent stock transactions, purchases, and sales filed with the SEC.
100,000 shares
RES
Apr 23, 2024
Received
240,000 shares
RES
Apr 23, 2024
Received
90,000 shares
RES
May 17, 2022
Received
$78.66K
RES at $5.46/share
Nov 1, 2021
Sale
$172.78K
RES at $5.70/share
Oct 18, 2021
Sale
Rivals
Compare Ben M. Palmer with competitor CEOs and industry peers.
Jeffrey A. Miller
CEO of Halliburton
2023 Compensation
Stock
$27.46M
Salary
$1.60M
Bonus
$0.00
Other
$659.12K
Total Holdings
$24.88M
Stephen Tadlock
CEO of Cactus
2023 Compensation
Stock
$500.00K
Salary
$450.00K
Bonus
$358.43K
Other
$30.62K
Total Holdings
$2.52M
Denise Castillo-Rhodes
CEO of Oil States International
2023 Compensation
Stock
$0.00
Salary
$925.00K
Bonus
$838.86K
Other
$0.00
Total Holdings
$418.37K
Clay C. Williams
CEO of NOVA, Inc.
2023 Compensation
Stock
$5.69M
Salary
$990.30K
Bonus
$1.58M
Other
$18.68K
Total Holdings
$22.38M