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Steven P. Guidry, born on May 15, 1956, has a solid educational foundation with a Bachelor's degree in Engineering. He became the CEO of Vaalco Energy, Inc. on October 21, 2013, stepping in after a long-term leader, Robert L. Gerry,...

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Steven P. Guidry

Ex-CEO of Vaalco Energy

Education

Bachelor's degree in Engineering

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Energy

Born

May 15, 1956 - 69 years ago

CEO of Vaalco Energy for

2 years 10 months (Oct 2013 - Sep 2016)

Previous Experience

33 years at Marathon Oil Corporation in various senior executive roles, including President of Marathon's Libya subsidiary.

Holdings

See how much did Steven P. Guidry make over time.

During Steven P. Guidry's time at Vaalco Energy, he had stock options and restricted stock grants that reflected his participation in the company’s success. In 2015, his holdings included 60,250 shares of restricted stock which vested at an estimated value...

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Total Stock Sold

$1.32M

MRO

$1.31M

36,429.334 MRO shares

EGY

$15.34K

3,031 EGY shares

What if they kept their stock?

If Steven P. Guidry didn't sell their stock, today they would have:
Extra MRO36,429.334 shares worth $217.85K and EGY3,031 shares worth $3.73K.
This is -83.23% and $1.10M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Steven P. Guidry.

EGY

$29.98K

EGY at $3.10/share

Mar 20, 2015

Purchase

EGY

$15.34K

EGY at $5.06/share

Mar 4, 2015

Sale

EGY

60,250 shares

EGY

Mar 3, 2015

Received

EGY

27,850 shares

EGY

Mar 4, 2014

Received

EGY

27,850 shares

EGY

Mar 4, 2014

Received

EGY

$203.11K

EGY at $6.05/share

Nov 22, 2013

Purchase

EGY

100,000 shares

EGY

Oct 21, 2013

Received

MRO

$1.30M

MRO at $36.44/share

Sep 12, 2013

Sale

MRO

4,500 shares

MRO

Feb 26, 2013

Received

MRO

$119.54

MRO at $33.74/share

Mar 13, 2012

Sale

Compensation History

See how much did Steven P. Guidry make over time.

Steven P. Guidry’s compensation at Vaalco Energy saw significant fluctuations during his tenure from 2013 to 2016 based mainly on the company's performance in a challenging oil industry. In 2014, he earned a total of $1,396,000, bolstered by a strong cash bonus of about $395,000, reflecting his success in achieving corporate goals. The following years, however, told a different story. His 2015 earnings dropped to $524,000 with no bonuses recorded due to weaker stock performance. By 2016, things got leaner, as his total compensation fell to $570,133, and he received no bonuses for the year, highlighting the pressures of the industry. Throughout his time, the proportion of his earnings linked to performance-based metrics and stock options illustrated the inherent risks associated with executive compensation in the volatile energy sector.

Year

2016

Total Compensation

$399.32K

Salary

$380.88K

Board Justification

The compensation program is designed to align the interests of management with those of stockholders, rewarding performance that contributes to the achievement of the business strategy.

Bonus

$0.00

Board Justification

No bonuses were paid to the executive team pursuant to its normal bonus program in March of 2016 due to weak industry conditions.

Other

$18.44K

Board Justification

This amount includes 401(k) match and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2016 as all stock options and SAR awards held by Mr. Guidry were forfeited upon his departure from the Company in 2016.

Performance Metrics

The performance metrics included achieving average daily net oil and gas production, direct operating costs, safety performance, and total stockholder return.