Roderick A. Larson, born in 1967, is the President and CEO of Oceaneering International, Inc., a company he joined in 2012 as Senior Vice President and COO. Roderick has a solid background in management, having spent over two decades at...

Roderick A. Larson, born in 1967, is the President and CEO of Oceaneering International, Inc., a company he joined in 2012 as Senior Vice President and COO. Roderick has a solid background in management, having spent over two decades at Baker Hughes, an oilfield services company, where he held several senior roles, including President for Latin America. After stepping into the CEO role in 2017, he has overseen substantial growth in the company. Roderick's compensation package reflects a strong alignment with the company’s performance; in 2022, he earned around $5.75 million, with a large chunk coming from stock awards tied to the company's success. His leadership style focuses on performance metrics like EBITDA and Free Cash Flow, which means he sets clear targets for the team. Roderick’s story is one of climbing the corporate ladder and making data-driven decisions, showing that smart management can lead to real gains in both company profits and executive pay.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Oceaneering International CEOs

O

Roderick A. Larson

CEO of Oceaneering International

Field of Expertise

Business & Management

Sector of Economy

Energy

CEO of Oceaneering International for

8 years 0 months (May 2017 - Present)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Roderick A. Larson

M

Joseph Wm. Foran

Founder and CEO of Matador Resources

2023 Compensation

Stock

$11.09M

Salary

$1.35M

Bonus

$3.11M

Other

$25.70K

Total Holdings

$26.93M

H

Jeffrey A. Miller

CEO of Halliburton

2023 Compensation

Stock

$27.46M

Salary

$1.60M

Bonus

$0.00

Other

$659.12K

Total Holdings

$29.98M

C

Stephen Tadlock

CEO of Cactus

2023 Compensation

Stock

$500.00K

Salary

$450.00K

Bonus

$358.43K

Other

$30.62K

Total Holdings

$1.68M

O

Denise Castillo-Rhodes

CEO of Oil States International

2023 Compensation

Stock

$0.00

Salary

$925.00K

Bonus

$838.86K

Other

$0.00

Total Holdings

$487.94K

M

R. Andrew Clyde

Founder and CEO of Murphy USA

2023 Compensation

Stock

$12.53M

Salary

$1.27M

Bonus

$2.43M

Other

$398.23K

Total Holdings

$96.74M

N

Anthony G. Petrello

CEO of Nabors Industries

2023 Compensation

Stock

$11.06M

Salary

$1.75M

Bonus

$1.58M

Other

$1.44M

Total Holdings

$24.52M

Holdings

See how much did Roderick A. Larson make over time.

Under Roderick A. Larson’s tenure as CEO, he has significant holdings in Oceaneering's stock, currently valued at around $6.37 million based on his vested restricted stock awards. His wealth in company stock peaked at $4.56 million in 2019 and has...

Under Roderick A. Larson’s tenure as CEO, he has significant holdings in Oceaneering's stock, currently valued at around $6.37 million based on his vested restricted stock awards. His wealth in company stock peaked at $4.56 million in 2019 and has seen substantial fluctuation due to stock performance in the oil and energy sector. His holdings reflect a strategy that ties his financial success to that of the company, effectively aligning the interests of management with shareholders. This strategy is critical in a volatile industry, emphasizing the importance of strong management and operational performance in building shareholder value. As he invests in his company's future, it demonstrates confidence in Oceaneering’s long-term goals and market position.

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Insider Trading

See recent insider trades of Roderick A. Larson.

OII

100,962 shares

OII

Feb 23, 2024

Received

OII

96,899 shares

OII

Feb 24, 2023

Received

OII

104,185 shares

OII

Feb 25, 2022

Received

OII

152,160 shares

OII

Feb 26, 2021

Received

OII

$50.00K

OII at $5.00/share

Mar 9, 2020

Purchase

OII

107,922 shares

OII

Feb 27, 2020

Received

OII

83,246 shares

OII

Feb 28, 2019

Received

OII

$56.70K

OII at $11.34/share

Dec 21, 2018

Purchase

OII

62,253 shares

OII

Mar 1, 2018

Received

OII

25,163 shares

OII

May 5, 2017

Received

Compensation History

See how much did Roderick A. Larson make over time.

Roderick A. Larson's compensation paints a picture of a results-driven leader. In 2022, he received a total compensation of about $5.75 million, which breaks down into a base salary of $760,000, a bonus of $622,155, and vested stock worth around $6.37 million. This package is noticeable as it mostly hinges on company performance, particularly through metrics like EBITDA. Notably, in 2020, his total compensation was only $1.17 million, highlighting the volatility and performance links in his earnings. Larson’s pay structure is built to attract and motivate key leaders while also keeping shareholders’ interests in mind, which reflects a progressive approach in executive compensation. This ensures that stakeholders see a direct correlation between the company's success and managerial earnings.

Year

2022

Total Compensation

$8.18M

Salary

$760.00K

Board Justification

Designed to attract, retain, and motivate key executives with a competitive package aligned with shareholder interests, with a significant portion tied to performance metrics.

Bonus

$622.16K

Board Justification

Annual bonus payments made pursuant to our Annual Cash Bonus Award Program for 2022

Other

$427.42K

Board Justification

Includes contributions to SERP, 401(k), life insurance premiums, and perquisites

Restricted Stock

$6.37M(364.27K Restricted Stock Units (RSUs))

Board Justification

Unvested restricted stock units awarded pursuant to the Restricted Stock Unit Agreements entered into with the Named Executive Officers in 2020, 2021 and 2022

Performance Metrics

Key performance metrics include Adjusted EBITDA and Free Cash Flow.

Other Oceaneering International CEOs

Here are other CEOs of Oceaneering International

M. Kevin McEvoy

Ex-CEO of Oceaneering International

May 2011 - May 2017