Brendan McCracken is the President and CEO of Ovintiv Inc., a major player in the energy sector, focusing on oil and natural gas. He’s been with the company since 1997, and has taken on various roles, showcasing his deep knowledge...

Number of Employees

1.74K

Year

2023

Total Compensation

$7.91M

Salary

$1.10M

Board Justification

The compensation program aligns with shareholder interests, emphasizing performance-based pay and market competitiveness, with a significant portion tied to financial and operational results.

Bonus

$2.54M

Board Justification

The annual bonus is based on performance against a combination of Company metrics and individual objectives for the year, with a target of 125% of base salary and a maximum of 250%.

Other

$407.55K

Board Justification

Other compensation includes contributions to retirement plans, life spending allowance, company aircraft use, and other perquisites.

Restricted Stock

$3.86M(88.99K RSU)

Board Justification

The value realized upon vesting of RSUs was based on the NYSE closing price on the vesting date, with a total of 88,985 RSUs vesting in 2023.

Performance Metrics

The performance metrics include financial, operational, and total shareholder return (TSR) results.

SEC Filing

From March 21, 2024

Brendan McCracken

CEO of Ovintiv

O

Education

Bachelor of Science in Mechanical Engineering from Queen's University, MBA from University of Oxford

Field of Expertise

Technology & Engineering - Engineering

Born

January 1, 1976 - 49 years ago

Is Founder?

No

Current Tenure

3 years 5 months (Aug 2021 - Present)

Previous Experience

Joined predecessor company in 1997, served in various leadership roles