Sundar PichaiSundar Pichai earned $164M in 2023

David Cherechinsky is the CEO of DNOW Inc., having taken on this role in June 2020 after serving as the Senior Vice President and Chief Financial Officer. He has a solid background in finance and accounting, holding a Bachelor’s Degree...

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David Cherechinsky

CEO of DNOW

Education

Bachelor's degree in Accounting

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Energy

Born

January 1, 1966 - 59 years ago

CEO of DNOW for

4 years 10 months (Jun 2020 - Present)

Previous Experience

Senior Vice President and Chief Financial Officer at DNOW

Holdings

See how much did David Cherechinsky make over time.

David Cherechinsky holds a significant number of shares in DNOW, having been granted approximately 155,925 restricted stock units (RSUs) in 2022, which are set to vest over three years. In 2023, he also had 59,633 RSUs vesting, valued at around...

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Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did David Cherechinsky make over time.

In 2023, David Cherechinsky's total compensation was approximately $2.18 million. This included a base salary of $950,000 and a performance-based bonus of $1,289,099, which was based on the company’s achievements in key financial metrics. His potential for bonuses shows an alignment with the company’s success, as he earned a bonus equivalent to 177.727% of the target set for the year. Additionally, he saw 59,633 RSUs vesting that year, signaling that he is rewarded not just for short-term gains but for sustaining the company’s performance over the long haul. His strategic focus on driving DNOW towards operational excellence is further tied to how he is compensated, emphasizing a pay-for-performance philosophy that aligns with shareholder interests. Historically, his compensation reflects the performance waves experienced by DNOW, especially with no bonuses awarded in 2020 due to unmet performance thresholds during the pandemic.

Year

2023

Total Compensation

$2.98M

Salary

$950.00K

Board Justification

The compensation philosophy is designed to attract and retain top talent while aligning executive interests with shareholder value through a mix of base salary, annual incentives, and long-term equity awards.

Bonus

$1.29M

Board Justification

The bonus is based on the company's performance metrics, specifically EBITDA and Working Capital, with a target incentive opportunity of 100% of salary. The actual payout was determined based on the company's achievement of these metrics in 2023.

Other

$0.00

Board Justification

No other compensation was reported for 2023.

Restricted Stock

$740.64K(59.63K RSU)

Board Justification

The stock awards that vested in 2023 were part of the long-term incentive plan, which includes performance-based share awards and restricted stock that vest over a three-year period.

Performance Metrics

The performance metrics for 2023 included EBITDA and Working Capital, which were used to determine the annual incentive payout.

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