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...

Number of Employees

2.68K

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.

SEC Filing

From April 5, 2024