Ben M. Palmer is the CEO of RPC, Inc. since May 2022 and has also held a position at Marine Products Corp. around the same time. He has a solid background in finance, with a B.S. in Business Administration from...
Ben M. Palmer is the CEO of RPC, Inc. since May 2022 and has also held a position at Marine Products Corp. around the same time. He has a solid background in finance, with a B.S. in Business Administration from Auburn University. In 2023, Palmer's total compensation was about $2.39 million, which largely came from performance-based bonuses linked to the company's cash flow, highlighting his focus on results. His stock options are designed to vest over several years, indicating a long-term view of company success. An interesting note is his insider trading activity; he reached high trading valuations, maxing out at around $12.91 million in January 2023, reflecting significant movements in his stock holdings. This demonstrates his commitment to the company's growth. He plays an important role in aligning executive performance with shareholder interests, ensuring both executives and investors are on the same page. Palmer’s journey in finance and commitment to the businesses he runs shows his strategic focus and goal-driven leadership style.