Sundar PichaiSundar Pichai earned $164M in 2023
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John T. Rynd

Ex-CEO of Tidewater

Education

N/A

Field of Expertise

Business & Management

Born

February 12, 1958 - 67 years ago

Economy Sector

Energy

Tenure

1 year 5 months (Mar 2018 - Sep 2019)

Previous Experience

Various roles in the energy industry, including CEO and President of Tidewater.

John T. Rynd was the CEO of Tidewater, Inc., starting from March 5, 2018, until his retirement on September 3, 2019. He joined Tidewater during a crucial time, as the company was looking to stabilize after a rough patch. Before...

Year

2019

Total Compensation

$3.23M

Salary

$400.00K

Board Justification

The compensation philosophy emphasizes performance-based compensation aligned with company performance and retention strategies, while managing fixed costs through conservative base salaries and at-risk incentives.

Bonus

$0.00

Board Justification

No bonuses were earned under the 2019 STI program due to negative cash flow from operations.

Other

$1.21M

Board Justification

This includes a cash severance equal to one year’s base salary plus target bonus, contingent upon compliance with certain post-employment restrictive covenants, and full acceleration of his initial equity award (with performance deemed at target for the performance-based portion of that award).

Restricted Stock

$1.62M(106.74K RSU)

Board Justification

The vesting of these RSUs was accelerated on Mr. Rynd’s retirement date of September 3, 2019; however, these RSUs will settle and pay out in shares on March 3, 2020.

Performance Metrics

The performance metrics included cash flow from operations, safety performance, and individual performance goals.