Carlos M. Hernandez has been the CEO of Fluor Corporation since May 2019 after initially serving as the Interim CEO. He has a legal background, which he leveraged during his time as Executive Vice President and Chief Legal Officer before...

Carlos M. Hernandez has been the CEO of Fluor Corporation since May 2019 after initially serving as the Interim CEO. He has a legal background, which he leveraged during his time as Executive Vice President and Chief Legal Officer before stepping into the top role. In 2023, his total compensation was approximately $24 million, combining his salary, bonuses, stock options, and other benefits, showing that Fluor values long-term performance linked to financial metrics. His leadership came at a crucial time as the company navigated significant challenges, including market shifts and operational improvements. Notably, he had a significant increase in vested stock that reflected the company’s stronger performance during his tenure. Another interesting note is his record of substantial insider trading, with his holdings peaking at around $24 million at the beginning of 2023. Over the years, his decisions and movements in the stock market reflect a keen understanding of both the company and the broader industry dynamics.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Fluor CEOs

F

Carlos M. Hernandez

CEO of Fluor

Field of Expertise

Legal & Compliance - Legal

Sector of Economy

Industrials

Born

January 1, 1955 - 70 years ago

CEO of Fluor for

5 years 10 months (May 2019 - Present)

Previous Experience

Executive Vice President, Chief Legal Officer and Secretary of the Company since 2014; Senior Vice President, Chief Legal Officer and Secretary of the Company from 2007 to 2014.

Rivals

Competitors/colleagues of Carlos M. Hernandez

E

Anthony J. Guzzi

CEO of EMCOR Group

2023 Compensation

Stock

$2.70M

Salary

$1.24M

Bonus

$0.00

Other

$159.27K

Total Holdings

$98.76M

T

Robert Buck

CEO of TopBuild Corporation

2023 Compensation

Stock

$2.28M

Salary

$970.83K

Bonus

$0.00

Other

$14.19K

Total Holdings

$20.86M

J

Bob Pragada

CEO of Jacobs Solutions

2023 Compensation

Stock

$1.50M

Salary

$1.00M

Bonus

$500.00K

Other

$200.00K

Total Holdings

$34.62M

A

Michael S. Burke

CEO of AECOM

2020 Compensation

Stock

$21.18M

Salary

$1.23M

Bonus

$0.00

Other

$15.11M

Total Holdings

$81.75M

Holdings

See how much did Carlos M. Hernandez make over time.

Carlos M. Hernandez's stock holdings have shown considerable growth, reaching a peak value around $25 million by early 2024. These holdings have fluctuated throughout his tenure, particularly spiking in late 2022 when his holdings were valued at about $24 million....

Carlos M. Hernandez's stock holdings have shown considerable growth, reaching a peak value around $25 million by early 2024. These holdings have fluctuated throughout his tenure, particularly spiking in late 2022 when his holdings were valued at about $24 million. In 2023, they remained robust with values consistently above $20 million. This trajectory indicates not just confidence in Fluor's strategies but also substantial personal investment in its success. His experience and the timing of his decisions are crucial, as he has managed to align his financial interests with those of the company amidst various market changes. From highs over $35 million in early 2024 to stable values, his holdings alongside his executive role show a commitment to the direction of Fluor Corporation.

Mar 18, 2025

F

shares

FLR @ $37.20

Total Stock Sold

$6.65M

FLR

$6.65M

111,194 FLR shares

What if they kept their stock?

If Carlos M. Hernandez didn't sell their stock, today they would have:
Extra FLR111,194 shares worth $809.49K.
This is -87.83% and $5.84M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Carlos M. Hernandez.

FLR

261,210 shares

FLR

Sep 30, 2020

Received

FLR

10,924 shares

FLR

Sep 18, 2020

Received

FLR

33,900 shares

FLR

May 16, 2019

Received

FLR

$501.79K

FLR at $29.52/share

May 13, 2019

Purchase

FLR

$501.79K

FLR at $29.52/share

May 13, 2019

Purchase

FLR

42,429 shares

FLR

Feb 26, 2019

Received

FLR

6,175 shares

FLR

Feb 19, 2019

Received

FLR

363 shares

FLR

Feb 19, 2019

Received

FLR

$1.76M

FLR at $58.25/share

Feb 23, 2018

Sale

FLR

24,507 shares

FLR

Feb 23, 2018

Received

Compensation History

See how much did Carlos M. Hernandez make over time.

In 2023, Carlos M. Hernandez received a total compensation of roughly $24 million. This came from various sources: a base salary of $1.35 million, a bonus of about $3.38 million based on performance metrics, and around $24.56 million from stock options and RSUs that he exercised and vested. His compensation reflects a careful balance between fixed pay and performance incentives, designed to drive long-term growth for Fluor. The company places importance on aligning executive pay with success metrics including EBITDA and cash flow, contributing to his significant annual earnings. His structured compensation highlights the pressure and expectations placed on CEOs to not only lead but also to deliver measurable results that can positively influence stock prices and shareholder value.

Year

2023

Total Compensation

$29.56M

Salary

$1.35M

Board Justification

The compensation philosophy aligns executive pay with performance metrics that support long-term value creation for the company and its stockholders, focusing on operational excellence and financial discipline.

Bonus

$3.38M

Board Justification

Annual incentive based on performance metrics including EBITDA and cash flow from segments, safety targets, and individual strategic goals for 2023.

Other

$269.24K

Board Justification

Includes various forms of compensation such as retirement contributions and other benefits.

Restricted Stock

$24.56M(627.01K RSU)

Board Justification

Restricted Stock Units (RSUs) that vested in 2023, reflecting the company's stock price performance.

Performance Metrics

Key performance metrics for 2023 included EBITDA, cash flow from segments, safety performance, and strategic goals.

Other Fluor CEOs

Here are other CEOs of Fluor

David T. Seaton

Ex-CEO of Fluor

February 2011 - May 2019