Clay C. Williams has been the CEO of NOV Inc. since February 2014. He was previously the President and Chief Operating Officer since December 2012. Before that, he played various roles within the company, including Executive Vice President and Chief...

Number of Employees

33.68K

Year

2023

Total Compensation

$8.28M

Salary

$990.30K

Board Justification

The compensation philosophy emphasizes performance-based pay, aligning executive compensation with company performance and shareholder interests, while ensuring market competitiveness.

Bonus

$1.58M

Board Justification

The bonus is based on the Company's performance metrics including Adjusted EBITDA, Energy Transition Revenue, and Safety goals, with a payout percentage of 123% of the target bonus for 2023.

Other

$18.68K

Board Justification

This includes contributions to the 401k Plan and other benefits.

Restricted Stock

$5.69M(260.03K RSU)

Board Justification

The stock that vested in 2023 includes restricted stock units that were granted in previous years and vested based on performance metrics over the vesting period.

Performance Metrics

The performance metrics for the CEO's compensation include Adjusted EBITDA, Energy Transition Revenue, and Safety performance.

SEC Filing

From April 4, 2024

Clay C. Williams

CEO of NOVA, Inc.

N

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1962 - 63 years ago

Is Founder?

No

Current Tenure

10 years 10 months (Feb 2014 - Present)

Previous Experience

President and Chief Operating Officer since December 2012, Executive Vice President from February 2009, Senior Vice President and Chief Financial Officer from March 2005.