Sundar PichaiSundar Pichai earned $164M in 2023

Meet Thomas J. O'Malley, the CEO of Hess Corporation. He holds a Master’s degree in Business Administration from Stanford University, giving him a strong academic background. Born in 1959, O'Malley has spent years in the energy sector, leading Hess through...

Quick Links
H

Thomas J. O'Malley

Ex-CEO of Hess

Education

Master's degree in Business Administration from Stanford University.

Field of Expertise

Energy & Utilities - Energy

Sector of Economy

Energy

Born

July 20, 1959 - 65 years ago

CEO of Hess for

0 years 5 months (May 2021 - Oct 2021)

Previous Experience

Former CEO of another oil and gas company.

Holdings

See how much did Thomas J. O'Malley make over time.

As CEO of Hess Corporation, Thomas J. O'Malley has maintained a significant stake in the company, reflecting his confidence in its direction. In recent years, there were notable fluctuations in his holdings, notably during peak performance periods, indicating strategic buying...

Loading...

Insider Trading

See recent insider trades of Thomas J. O'Malley.

No insider trades found for this CEO.

Compensation History

See how much did Thomas J. O'Malley make over time.

In 2021, Thomas J. O'Malley's total compensation reached over $12 million, illustrating the substantial rewards tied to his leadership at Hess Corporation. This amount included a base salary of $1.5 million, a sizeable bonus of $2.4 million linked to company performance metrics, and approximately $5.1 million in vested stock awards. The bonus was based on achieving 106% of set performance targets, showcasing his focus on measurable success. O'Malley’s pay package is designed to attract and retain skilled executives while aligning their interests with that of the shareholders. He has successfully navigated the challenges of the energy industry, maintaining high compensation in a sector where performance is vital to financial success. Overall, his compensation reflects both recognition of past achievements and incentives for future growth.

Year

2021

Total Compensation

$9.01M

Salary

$1.50M

Board Justification

The compensation program is designed to attract and retain talented executives and motivate them to achieve business goals through a combination of cash and stock-based compensation, with a focus on aligning executive pay with company performance and shareholder interests.

Bonus

$2.39M

Board Justification

The annual incentive plan payout was based on enterprise performance results, achieving 106% of target, with no individual performance adjustments made for the NEOs in 2021.

Other

$23.14K

Board Justification

Represents matching contributions by the company credited to the CEO under the company’s employees’ savings plan.

Restricted Stock

$5.10M(5.1M PSUs and restricted stock)

Board Justification

Represents the aggregate grant date fair value of performance share units (PSUs) and restricted stock that vested in 2021, computed in accordance with ASC 718.

Performance Metrics

The performance metrics for the CEO's compensation in 2021 were based on enterprise performance results, including financial results, operational results, strategic initiatives, and stock price performance.