In 2023, David A. Hager earned $34.67M in total compensation at MRC Global, including $1.25M salary, $1.64M bonus and $31.78M in stock. Most recently acquired 5,745 shares in Feb 2022. Currently holds stock worth $36.08M. 1+ years at the helm of MRC Global.
Compensation History
Annual executive compensation data for David A. Hager, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$34.67M
Salary
$1.25M
Bonus
$1.64M
Other
$0.00
Salary
$1.25MBoard Justification
Devon's compensation philosophy emphasizes a pay-for-performance model that aligns executive compensation with company performance and shareholder value.
Bonus
$1.64MBoard Justification
The performance bonus for 2023 was calculated based on a target of 130% of base salary, adjusted by the Company performance score of 101%.
Other Compensation
$0.00Board Justification
No additional compensation was reported outside of salary, bonus, and vested stock for 2023.
Restricted Stock
Board Justification
The stock awards that vested in 2023 were based on previous grants, with a total of 570,032 shares vesting during the year.
Performance Metrics
The performance metrics for 2023 included Free Cash Flow, Cash Return on Capital Employed, Total Capital Expenditures, Total Oil and Gas Production, and ESG & Community Engagement.
David A. Hager
CEO of MRC Global
Education
Bachelor's degree in Geology
Field of Expertise
Technology & Engineering - Engineering
Sector of Economy
Energy
Born
September 1, 1957 - 68 years ago
CEO of MRC Global for
1 year 8 months (Mar 2024 - Present)
Previous Experience
Former Executive Chairman and CEO of Devon Energy Corporation, Chief Operating Officer of Kerr-McGee Corporation.
Other MRC Global CEOs
Holdings
Track David A. Hager's stock holdings and portfolio value over time.
Total Stock Sold
$257.28K
$257.28K
3,000 DVN shares
What if they kept their stock?
If David A. Hager didn't sell their stock, today they would have:
Extra DVN3,000 shares worth $113.13K.
This is -56.03% and $144.15K less than what they got when they sold the stock.
Insider Trading
David A. Hager's recent stock transactions, purchases, and sales filed with the SEC.
5,745 shares
DVN
Feb 10, 2022
Received
334,120 shares
DVN
Jan 27, 2022
Received
15,206 shares
DVN
Feb 10, 2021
Received
106,903 shares
DVN
Jan 4, 2021
Received
188,554 shares
DVN
Feb 10, 2020
Received
56,155 shares
DVN
Jan 30, 2020
Received
167,060 shares
DVN
Feb 11, 2019
Received
118,782 shares
DVN
Feb 12, 2018
Received
120,376 shares
DVN
Jan 23, 2018
Received
181,496 shares
DVN
Jan 24, 2017
Received
Rivals
Compare David A. Hager with competitor CEOs and industry peers.