Sundar PichaiSundar Pichai earned $164M in 2023

Brendan McCracken is the President and CEO of Ovintiv Inc., a major player in the energy sector, focusing on oil and natural gas. He’s been with the company since 1997, and has taken on various roles, showcasing his deep knowledge...

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Brendan McCracken

CEO of Ovintiv

Education

Bachelor of Science in Mechanical Engineering from Queen's University, MBA from University of Oxford

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Energy

Born

January 1, 1976 - 49 years ago

CEO of Ovintiv for

3 years 8 months (Aug 2021 - Present)

Previous Experience

Joined predecessor company in 1997, served in various leadership roles

Holdings

See how much did Brendan McCracken make over time.

Brendan McCracken has significantly increased his holdings in Ovintiv over the years. In 2020, he gradually built up his investment, starting with smaller transactions as low as $27.78K in early 2020, which eventually grew to cumulative purchases exceeding $12M by...

Insider Trading

See recent insider trades of Brendan McCracken.

OVV

1 shares

OVV

Mar 31, 2022

Purchase

OVV

153 shares

OVV

Mar 31, 2022

Purchase

OVV

$9.14K

OVV at $3.05/share

Mar 11, 2020

Purchase

OVV

$41.60K

OVV at $8.32/share

Mar 6, 2020

Purchase

Compensation History

See how much did Brendan McCracken make over time.

In 2023, Brendan McCracken's total compensation reached $3,961,422. This package was crafted to align with company performance and shareholder interests. His base salary of $1,100,000 is complemented by a large annual bonus of $2,543,875, which can reach up to 250% of his base based on performance. Vested stocks contributed $3,862,621 to his package. In contrast, back in 2022, his total compensation was a hefty $100,165,373 mostly due to vested stock awards. The structure encourages executives to drive growth and value for the company, with his total compensation reflecting both immediate rewards and long-term investments in Ovintiv's success.

Year

2023

Total Compensation

$7.91M

Salary

$1.10M

Board Justification

The compensation program aligns with shareholder interests, emphasizing performance-based pay and market competitiveness, with a significant portion tied to financial and operational results.

Bonus

$2.54M

Board Justification

The annual bonus is based on performance against a combination of Company metrics and individual objectives for the year, with a target of 125% of base salary and a maximum of 250%.

Other

$407.55K

Board Justification

Other compensation includes contributions to retirement plans, life spending allowance, company aircraft use, and other perquisites.

Restricted Stock

$3.86M(88.99K RSU)

Board Justification

The value realized upon vesting of RSUs was based on the NYSE closing price on the vesting date, with a total of 88,985 RSUs vesting in 2023.

Performance Metrics

The performance metrics include financial, operational, and total shareholder return (TSR) results.

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