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Richard A. Hubbell has a solid background in management, holding a B.A. in Economics from Westminster College. He has served as CEO of RPC, Inc. and Marine Products Corp. since 2005. Under his leadership, both companies have focused on performance-based...

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Richard A. Hubbell

Ex-CEO of RPC

Education

B.A. in Economics from Westminster College

Field of Expertise

Business & Management

Sector of Economy

Energy

Born

January 1, 1952 - 73 years ago

CEO of RPC for

17 years 1 month (Apr 2005 - May 2022)

Previous Experience

President of RPC, Inc. from 1987 to 2022; CEO of Marine Products Corporation from February 2001 to May 17, 2022.

Holdings

See how much did Richard A. Hubbell make over time.

Richard A. Hubbell's insider trading activity shows significant fluctuations in the value of his holdings over the years. In late 2019 through early 2020, his holdings surged dramatically with values peaking at over $15 million per month. However, this trend...

Total Stock Sold

$287.75K

MPX

$287.75K

21,750 MPX shares

What if they kept their stock?

If Richard A. Hubbell didn't sell their stock, today they would have:
Extra MPX21,750 shares worth $261.22K.
This is -9.22% and $26.54K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Richard A. Hubbell.

MPX

30,000 shares

MPX

Jan 22, 2024

Received

MPX

21,750 shares

MPX

Jan 24, 2023

Received

MPX

21,750 shares

MPX

Jan 24, 2023

Received

MPX

26,000 shares

MPX

May 17, 2022

Received

MPX

16,250 shares

MPX

Jan 26, 2021

Received

Compensation History

See how much did Richard A. Hubbell make over time.

In 2022, Richard A. Hubbell's compensation totaled approximately $1.38 million, which included a salary of $668,750 and a significant cash bonus of $750,000. This bonus was awarded based on exceeding performance targets specifically in Return on Invested Capital (ROIC). Despite no stocks vesting in 2022, he was granted 75,000 RSUs that will vest over five years. His structure for compensation emphasizes attracting talented executives, motivating performance to meet company goals, and aligning interests with shareholders. This thoughtful approach suggests an understanding of both financial incentives and company performance metrics over the long term, reflecting a compensation philosophy geared toward maximizing shareholder returns.

Year

2022

Total Compensation

$1.47M

Salary

$668.75K

Board Justification

The compensation philosophy is designed to attract and retain qualified executives, motivate performance to achieve company objectives, and align the interests of executives with stockholders.

Bonus

$750.00K

Board Justification

Performance-based cash compensation earned for 2022 based on achieving 150% of the target performance goal for Return on Invested Capital (ROIC).

Other

$49.11K

Board Justification

Other compensation includes insurance on automobile, dining club dues, gasoline for personal automobile, 401(k) Plan Company match of $13,725, and personal use of company aircraft valued at $17,731.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock vested in 2022 as the focus was on performance-based cash compensation and stock grants are not included in total calculations.

Performance Metrics

The performance metrics for 2022 were based on achieving a Return on Invested Capital (ROIC) of at least 9.8% to be eligible for bonuses.

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