Sundar PichaiSundar Pichai earned $164M in 2023
D

Michael L. Hollis

Ex-CEO of Diamondback Energy

Education

Bachelor of Science in Chemical Engineering from Louisiana State University

Field of Expertise

Technology & Engineering - Engineering

Born

January 1, 1970 - 55 years ago

Economy Sector

Energy

Tenure

2 years 8 months (Jan 2017 - Sep 2019)

Previous Experience

Vice President-Drilling at Diamondback Energy, Inc.

Michael L. Hollis, born in 1970, has a solid background in the energy industry. He graduated with a Bachelor of Science in Chemical Engineering from Louisiana State University. He started his career at ConocoPhillips as a senior drilling engineer and...

Year

2019

Total Compensation

$1.05M

Salary

$500.00K

Board Justification

The compensation philosophy focuses on aligning executive pay with company performance, utilizing peer benchmarking to ensure competitiveness and retention of top talent.

Bonus

$200.00K

Board Justification

The bonus is based on the company's performance metrics including production growth and cost management for the year 2019.

Other

$50.00K

Board Justification

Other compensation includes retirement contributions and health benefits provided in 2019.

Restricted Stock

$300.00K(10K RSU)

Board Justification

The stock that vested in 2019 was part of a long-term incentive plan that rewards performance over a three-year period, with vesting occurring upon achievement of specific performance targets.

Performance Metrics

Performance metrics include production growth, cost management, and shareholder return.