Anthony G. Petrello is the CEO of Nabors Industries, where he has served since 2011. His leadership has seen him through various challenges, including the fluctuating oil and gas markets. Notably, his compensation has dramatically varied over the years, with...

Anthony G. Petrello is the CEO of Nabors Industries, where he has served since 2011. His leadership has seen him through various challenges, including the fluctuating oil and gas markets. Notably, his compensation has dramatically varied over the years, with 2023 bringing him over $10 million, including a substantial bonus tied to the company’s performance. In 2022, he earned $0 amidst operational challenges, reflecting the volatility in the industry. His insider trading activity shows significant investments, with peak holdings reaching over $95 million in January 2023 alone, indicating confidence in his company’s future. He previously worked with Nabors Energy Transition Corp. II as well. Petrello influenced key initiatives to align executive pay with company performance, ensuring a focus on long-term shareholder value. His strategic approach has helped Nabors navigate through tough times and emerge stronger. Though details about his education and early career remain scarce, his impact in the drilling industry is well recognized and continues to shape the company’s direction.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Nabors Energy Transition Corp. II CEOs

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Anthony G. Petrello

Ex-CEO of Nabors Energy Transition Corp. II

Education

J.D. from Harvard Law School, B.S. and M.S. in Mathematics from Yale University.

Field of Expertise

Legal & Compliance - Law

Sector of Economy

Financial Services

Born

April 1, 1957 - 68 years ago

CEO of Nabors Energy Transition Corp. II for

0 years 11 months (Jul 2023 - Jun 2024)

Previous Experience

Formerly served as the CEO of Nabors Industries Ltd. and has extensive experience in the energy sector.

Rivals

Competitors/colleagues of Anthony G. Petrello

Holdings

See how much did Anthony G. Petrello make over time.

Anthony G. Petrello's holdings have fluctuated dramatically over the years. In early 2023, he boasted insider holdings worth $95.23 million, demonstrating his significant investment and confidence in Nabors Industries. Previous years reflected similar volatility; for example, in 2019, his holdings...

Anthony G. Petrello's holdings have fluctuated dramatically over the years. In early 2023, he boasted insider holdings worth $95.23 million, demonstrating his significant investment and confidence in Nabors Industries. Previous years reflected similar volatility; for example, in 2019, his holdings ranged from $19.90 million to $31.00 million, with peaks and dips linked to company performance and market conditions. Throughout 2021, his holdings were even higher, reaching amounts over $40 million multiple times a year. Such fluctuations reveal how closely Petrello’s financial interests align with the company’s performance, reflecting the broader dynamics of the industry he leads. This long-term pattern is crucial, showing how important company success is to his personal wealth.

Mar 18, 2025

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shares

NBR @ $43.08

Charitable Transactions

NBR

37,404.72 shares

NBR

Recent Charitable Transactions

NBR

3,500 shares

NBR

Dec 31, 2021

Charity

NBR

$304.07K

NBR at $56.31/share

Dec 29, 2020

Charity

NBR

425,000 shares

NBR

Dec 31, 2018

Charity

NBR

225,000 shares

NBR

Dec 27, 2017

Charity

NBR

100,000 shares

NBR

Dec 29, 2016

Charity

NBR

250,000 shares

NBR

Jan 4, 2016

Charity

Insider Trading

See recent insider trades of Anthony G. Petrello.

NBR

31,456 shares

NBR

Jan 1, 2024

Received

NBR

17,843 shares

NBR

Jan 1, 2023

Received

NBR

30,305 shares

NBR

Dec 31, 2021

Received

NBR

3,500 shares

NBR

Dec 31, 2021

Charity

NBR

93,242 shares

NBR

Dec 29, 2020

Received

NBR

$304.07K

NBR at $56.31/share

Dec 29, 2020

Charity

NBR

$12.81K

NBR at $14.23/share

Feb 27, 2020

Purchase

NBR

3,207,632 shares

NBR

Dec 31, 2019

Received

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1,998,684 shares

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Feb 22, 2019

Received

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2,092,383 shares

NBR

Dec 31, 2018

Received

Compensation History

See how much did Anthony G. Petrello make over time.

In 2023, Anthony G. Petrello's total compensation amounted to over $10 million, primarily tied to performance-based metrics. His base salary was $1.75 million, alongside significant bonuses earned through achieving financial targets like Adjusted EBITDA. Interestingly, in 2022, the total compensation dropped to $0 due to the absence of operations and revenues resulting in no payments. This stark contrast illustrates the steep penalty executives face when companies struggle. Over the years, Petrello's pay has mirrored Nabors' financial health; his most lucrative year was 2018 when he earned nearly $14.7 million. His compensation strategy emphasizes aligning executive pay with shareholder interests, focusing heavily on performance-based pay to drive accountability and results. Such a philosophy is vital in an industry marked by uncertainty and rapid changes.

Year

2023

Total Compensation

$15.83M

Salary

$1.75M

Board Justification

The compensation philosophy aims to attract, retain, and motivate leaders who understand the complexities of the business and can deliver positive results, with a significant portion of compensation tied to performance metrics that align with shareholder interests.

Bonus

$1.58M

Board Justification

The annual cash incentive is based on performance metrics, specifically Adjusted EBITDA less CAPEX, with a target of $633 million for 2023, resulting in a cash incentive earned of approximately $1.58 million for the CEO.

Other

$1.44M

Board Justification

Includes contributions to the Executive Plan, unreimbursed incremental variable operating costs for personal use of corporate aircraft, and other benefits.

Restricted Stock

$11.06M(73.19K RSU)

Board Justification

The number of shares acquired upon vesting of Performance Stock Units (PSUs) for the year 2023, which were earned based on performance goals established for the year.

Performance Metrics

The performance metrics for the CEO's compensation in 2023 included Adjusted EBITDA less CAPEX, with specific targets set for financial performance.

Other Nabors Energy Transition Corp. II CEOs

Here are other CEOs of Nabors Energy Transition Corp. II

Colin Richardson

CEO of Nabors Energy Transition Corp. II

June 2024 - Present