Sundar PichaiSundar Pichai earned $164M in 2023

Girish K. Saligram has been the CEO of Weatherford International since October 2020. With a strong background in the oil and gas sector, he previously worked for Exterran Corporation as Chief Operating Officer and spent two decades at General Electric,...

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Girish K. Saligram

CEO of Weatherford International

Education

Not specified

Field of Expertise

Energy & Utilities - Oil and Gas

Sector of Economy

Energy

Born

January 1, 1972 - 53 years ago

CEO of Weatherford International for

4 years 6 months (Oct 2020 - Present)

Previous Experience

Chief Operating Officer at Exterran Corporation

Holdings

See how much did Girish K. Saligram make over time.

Girish K. Saligram's holdings have seen significant changes over time. He has been actively selling shares of Weatherford stock, with notable insider trades. Sales started relatively small, averaging around $800,000 in early 2022, but escalated dramatically through 2023, peaking at...

Total Stock Sold

$9.23M

WFRD

$9.23M

110,750 WFRD shares

What if they kept their stock?

If Girish K. Saligram didn't sell their stock, today they would have:
Extra WFRD110,750 shares worth $1.42M.
This is -84.64% and $7.82M less than what they got when they sold the stock.

Charitable Transactions

WFRD

36,250 shares

WFRD

Recent Charitable Transactions

WFRD

12,000 shares

WFRD

Feb 21, 2024

Charity

WFRD

24,250 shares

WFRD

May 23, 2023

Charity

Insider Trading

See recent insider trades of Girish K. Saligram.

WFRD

12,000 shares

WFRD

Feb 21, 2024

Charity

WFRD

$6.21M

WFRD at $103.54/share

Feb 21, 2024

Sale

WFRD

24,250 shares

WFRD

May 23, 2023

Charity

WFRD

$3.01M

WFRD at $59.34/share

May 23, 2023

Sale

WFRD

999,406 shares

WFRD

Feb 8, 2023

Received

Compensation History

See how much did Girish K. Saligram make over time.

In 2023, Girish K. Saligram earned a total of $11,200,810 as CEO of Weatherford International. His compensation structure includes a base salary of $1 million, showcasing a strong fixed income alongside a bonus tied directly to corporate performance metrics, which amounted to $2.4 million. Stock vesting also plays a key role, with nearly $12.8 million in vested stock attributed to his ongoing leadership. This performance-based pay aligns closely with the company’s financial goals, and Saligram's bonuses are directly linked to adjusted EBITDA and free cash flow targets, creating a significant incentive for him to drive company success. His previous compensation in 2022 was around $2.9 million, highlighting a substantial increase as he steers the company through its transformation efforts. This compensation philosophy emphasizes rewarding efforts that align with shareholder interests, cementing his commitment to long-term company performance.

Year

2023

Total Compensation

$16.24M

Salary

$1.00M

Board Justification

The compensation philosophy is designed to attract, motivate, retain, and reward key leadership talent, aligning executive compensation with company performance and shareholder interests.

Bonus

$2.40M

Board Justification

The bonus is based on the achievement of corporate performance goals related to adjusted EBITDA and adjusted free cash flow, with a maximum payout of 200% of target.

Other

$77.47K

Board Justification

Other compensation includes 401(k) match, life insurance premium, relocation & geographic differential, and security services.

Restricted Stock

$12.76M(209.6K RSU)

Board Justification

The vested stock includes 124,926 RSUs vested on January 4, 2023, 28,173 RSUs vested on January 18, 2023, and 56,497 RSUs vested on October 12, 2023.

Performance Metrics

The performance metrics for determining the compensation include adjusted EBITDA and adjusted free cash flow.

Other Weatherford International CEOs

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