David A. Hager is the CEO of Devon Energy Corporation, a role he has held since August 1, 2015. He joined Devon in 2009 as Executive Vice President for Exploration and Production before moving up to COO. Hager's journey in...

Number of Employees

2.8K

Year

2023

Total Compensation

$3.52M

Salary

$860.00K

Board Justification

The compensation philosophy is designed to attract, motivate, and retain executives while aligning their interests with those of the stockholders through performance-based incentives.

Bonus

$861.45K

Board Justification

The annual cash incentive amount is based on performance metrics, with 87.5% on adjusted EBITDA and 12.5% on safety measures, resulting in a payout of 80.4% of target for 2023.

Other

$21.06K

Board Justification

Includes 401(k) match, life insurance premiums, and other benefits such as a car allowance and executive physicals.

Restricted Stock

$1.77M(161.08K RSU)

Board Justification

The RSUs granted in 2023 vest over a three-year period, with 34% vesting in the first year and 33% in each of the following two years.

Performance Metrics

The performance metrics for 2023 included adjusted EBITDA and safety measures, with specific targets set for each.

SEC Filing

From April 3, 2024

David A. Hager

CEO of MRC Global

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Education

Bachelor's degree in Geology

Field of Expertise

Technology & Engineering - Engineering

Born

September 1, 1957 - 67 years ago

Is Founder?

No

Current Tenure

0 years 10 months (Mar 2024 - Present)

Previous Experience

Former Executive Chairman and CEO of Devon Energy Corporation, Chief Operating Officer of Kerr-McGee Corporation.