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...

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 the oil and gas industry began as a geophysicist at Mobil Corp, and he later played key roles at Oryx Energy and Kerr-McGee. He has shown leadership through difficult commodity price environments, helping to enhance Devon's financial standing, including significant cost reductions and asset divestitures. In 2023, his total compensation was around $4.7 million, with a strong portion coming from stock awards that demonstrate his commitment to the company's success. Interestingly, in the early months of 2022, Hager's holdings peaked at approximately $69 million, showcasing investor confidence. His business education includes a Bachelor's in Geology from Purdue University and an MBA from Southern Methodist University. Recently, he joined MRC Global’s Board of Directors in March 2024, highlighting his ongoing influence in the energy sector.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other MRC Global CEOs

M

David A. Hager

CEO of MRC Global

Education

Bachelor's degree in Geology

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Energy

Born

September 1, 1957 - 67 years ago

CEO of MRC Global for

1 year 0 months (Mar 2024 - Present)

Previous Experience

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

Rivals

Competitors/colleagues of David A. Hager

E

Andrea J. Funk

CEO of EnerSys

2023 Compensation

Stock

$250.00K

Salary

$450.00K

Bonus

$100.00K

Other

$50.00K

Total Holdings

$4.45M

E

Shawn M. O'Connell

CEO of EnerSys

2023 Compensation

Stock

$250.00K

Salary

$800.00K

Bonus

$200.00K

Other

$150.00K

Total Holdings

$4.15M

Holdings

See how much did David A. Hager make over time.

David Hager's insider trading data shows substantial fluctuations in his stakes in Devon Energy. He reached a peak of $69 million in holdings in May 2022. Since then, his holdings have seen some adjustments, reflecting broader market trends and company...

David Hager's insider trading data shows substantial fluctuations in his stakes in Devon Energy. He reached a peak of $69 million in holdings in May 2022. Since then, his holdings have seen some adjustments, reflecting broader market trends and company performance. As of early 2024, his holdings decreased to around $41 million, indicating a shift but still highlighting his significant investment in the company’s future.

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Total Stock Sold

$257.28K

DVN

$257.28K

3,000 DVN shares

What if they kept their stock?

If David A. Hager didn't sell their stock, today they would have:
Extra DVN3,000 shares worth $26.40K.
This is -89.74% and $230.88K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of David A. Hager.

DVN

5,745 shares

DVN

Feb 10, 2022

Received

DVN

334,120 shares

DVN

Jan 27, 2022

Received

DVN

15,206 shares

DVN

Feb 10, 2021

Received

DVN

106,903 shares

DVN

Jan 4, 2021

Received

DVN

188,554 shares

DVN

Feb 10, 2020

Received

DVN

56,155 shares

DVN

Jan 30, 2020

Received

DVN

167,060 shares

DVN

Feb 11, 2019

Received

DVN

118,782 shares

DVN

Feb 12, 2018

Received

DVN

120,376 shares

DVN

Jan 23, 2018

Received

DVN

181,496 shares

DVN

Jan 24, 2017

Received

Compensation History

See how much did David A. Hager make over time.

In 2023, David Hager’s compensation package amounted to $4.7 million. This included a base salary of $1.25 million and a bonus of $1.64 million, which reflected strong performance metrics from the company. His stock awards that vested represented a substantial $31.8 million, showcasing the alignment of his earnings with Devon's value and performance. Hager's compensation over the years has fluctuated, reaching a peak of nearly $14.5 million in 2022, emphasizing his role in driving Devon's long-term growth and shareholder interests. The pay structure at Devon follows a philosophy of linking executive compensation closely to company performance, which promotes accountability and transparency.

Year

2023

Total Compensation

$34.67M

Salary

$1.25M

Board Justification

Devon's compensation philosophy emphasizes a pay-for-performance model that aligns executive compensation with company performance and shareholder value.

Bonus

$1.64M

Board Justification

The performance bonus for 2023 was calculated based on a target of 130% of base salary, adjusted by the Company performance score of 101%.

Other

$0.00

Board Justification

No additional compensation was reported outside of salary, bonus, and vested stock for 2023.

Restricted Stock

$31.78M(570.03K common stock)

Board Justification

The stock awards that vested in 2023 were based on previous grants, with a total of 570,032 shares vesting during the year.

Performance Metrics

The performance metrics for 2023 included Free Cash Flow, Cash Return on Capital Employed, Total Capital Expenditures, Total Oil and Gas Production, and ESG & Community Engagement.

Other MRC Global CEOs

Here are other CEOs of MRC Global

Andrew R. Lane

Ex-CEO of MRC Global

April 2012 - December 2021