Sundar PichaiSundar Pichai earned $164M in 2023
V

Cary M. Bounds

Ex-CEO of Vaalco Energy

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Born

March 10, 1966 - 58 years ago

Economy Sector

Energy

Tenure

4 years 7 months (Sep 2016 - Apr 2021)

Previous Experience

Chief Operating Officer of VAALCO Energy, Inc. prior to becoming CEO.

Cary M. Bounds is the former CEO of Vaalco Energy, Inc., having stepped into the role in December 2016 after serving as COO for a year and a half. His career in the energy sector spans over 25 years, indicating...

Year

2021

Total Compensation

$1.75M

Salary

$434.70K

Board Justification

The compensation philosophy is designed to attract, retain, and motivate high caliber executives, aligning their interests with those of stockholders through performance-based incentives.

Bonus

$0.00

Board Justification

No annual cash incentive bonus was paid to Mr. Bounds for 2021 due to his resignation in April 2021.

Other

$1.32M

Board Justification

Includes a cash severance payment of $1,164,500, $95,500 for attorneys’ fees, $25,785 for health plan coverage, and $12,539 in vacation payout.

Restricted Stock

$0.00(0 Restricted Stock and Stock Options)

Board Justification

Mr. Bounds forfeited all equity awards in connection with his termination of service on April 30, 2021.

Performance Metrics

The performance metrics for determining compensation include financial and operational objectives, with a focus on safety performance and overall company performance.