David L. Porges is the former CEO and Executive Chairman of EQT Corporation, a leader in natural gas production. He has a strong finance background and has been with EQT since 1998, moving up the ranks rapidly. Notably, he transitioned...
David L. Porges is the former CEO and Executive Chairman of EQT Corporation, a leader in natural gas production. He has a strong finance background and has been with EQT since 1998, moving up the ranks rapidly. Notably, he transitioned from CEO to Executive Chairman in 2017, showing his commitment to the company long after stepping down from the top executive role. Porges was pivotal during a significant acquisition and later assisted with shareholder engagement activities. His compensation included substantial bonuses, especially a $2.5 million bonus in 2013 for successfully navigating key business transactions. Interestingly, Porges had an impressive ownership record, at one point holding shares worth over $29 million, significantly surpassing the required equity ownership guidelines. His strategic decisions helped EQT adapt to changing market conditions. Despite stepping down in early 2017, he remains involved as a non-executive Chairman, ensuring a smooth transition for the company. The insider trading data reveals Porges actively engaged with EQT stock, peaking at monthly valued trades over $18 million, signaling confidence in the company's potential and his commitment to shareholder value.