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...

Current Market Cap

$694.91M

Number of Employees

12K

Total Compensation

2019 - 2023

Trending down by -12.74% last year
Showing total compensation for the last 2019 - 2023

Stock

Down by -7.81% last year

Salary

Up by 0.00% last year

Bonus

Down by -47.47% last year

Other

Up by 3.69% last year

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.

SEC Filing

From April 25, 2024

Anthony G. Petrello

Ex-CEO of Nabors Energy Transition Corp. II

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Education

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

Field of Expertise

Born

April 1, 1957 - 67 years ago

Is Founder?

No

Tenure

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.

View Holdings

Insider Holdings of Anthony G. Petrello

NBR

$43.22M

-$2.70M (-5.89%)

Last Insider Trade

NBR

31,456 shares

NBR

Jan 1, 2024

Received