Lawrence V. Bruno has been leading Core Laboratories Inc. as CEO since May 2020. He holds a Master of Science degree in Geology from the University of Houston, making him well-suited for the oilfield services sector where he has over...

Current Market Cap

$928.62M

Number of Employees

3.6K

Total Compensation

2020 - 2023

Trending down by -4.19% last year
Showing total compensation for the last 2020 - 2023

Stock

Down by -4.43% last year

Salary

Up by 8.16% last year

Bonus

Down by -29.60% last year

Other

Up by 15.80% last year

Year

2023

Total Compensation

$3.24M

Salary

$886.91K

Board Justification

The compensation philosophy emphasizes performance-based pay to align executive interests with shareholder value, focusing on metrics like ROIC and total shareholder return.

Bonus

$371.11K

Board Justification

In 2023, the CEO earned a cash incentive bonus based on performance metrics, but the payout was reduced to 35.5% of the earned amount due to broader assessments of the Company’s financial performance.

Other

$215.07K

Board Justification

Other compensation includes contributions to the 401(k) plan, discretionary contributions to the nonqualified deferred compensation plan, and imputed income for life insurance premiums.

Restricted Stock

$1.77M(100.06K RSU)

Board Justification

In 2023, the CEO vested in 100,058 shares of performance-based restricted stock, which were earned based on achieving performance targets over the previous three-year period.

Performance Metrics

The performance metrics for 2023 included revenue growth, operating margin, and EPS yield relative to peers.

SEC Filing

From March 18, 2024

Lawrence V. Bruno

CEO of Core Laboratories

C

Education

Master of Science degree in Geology from the University of Houston

Field of Expertise

Born

January 1, 1960 - 64 years ago

Is Founder?

No

Current Tenure

4 years 6 months (May 2020 - Present)

Previous Experience

President and Chief Operating Officer of Core Laboratories Inc., over 35 years in the industry