Nicholas O'Grady was appointed CEO of Northern Oil and Gas in January 2020, but he has been with the company since June 2018, when he started as Chief Financial Officer. His career in finance is notable; before joining Northern, he...

Nicholas O'Grady was appointed CEO of Northern Oil and Gas in January 2020, but he has been with the company since June 2018, when he started as Chief Financial Officer. His career in finance is notable; before joining Northern, he was a portfolio manager at Hudson Bay Capital Management, focusing on energy-related investments. O'Grady has a solid background in investment banking, beginning his career at Bank of America. His compensation reflects his success as he earned around $10.2 million in 2023, mainly from his salary, bonuses, and vested stock. Recently, as CEO, he's crucial in driving the company's performance metrics like Adjusted EBITDA. His path to leadership showcases expertise in the energy sector and financial management, making him an important figure at Northern Oil and Gas, especially as the company navigates the industry's challenges and opportunities.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Northern Oil and Gas CEOs

N

Nicholas O'Grady

CEO of Northern Oil and Gas

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Energy

CEO of Northern Oil and Gas for

5 years 3 months (Jan 2020 - Present)

Previous Experience

Portfolio manager at Hudson Bay Capital Management

Rivals

Competitors/colleagues of Nicholas O'Grady

M

Joseph Wm. Foran

Founder and CEO of Matador Resources

2023 Compensation

Stock

$11.09M

Salary

$1.35M

Bonus

$3.11M

Other

$25.70K

Total Holdings

$26.93M

D

Kaes Van't Hof

CEO of Diamondback Energy

2023 Compensation

Stock

$450.00K

Salary

$950.00K

Bonus

$300.00K

Other

$50.00K

Total Holdings

$16.35M

P

James H. Walter

CEO of Permian Resources

2023 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$4.30K

Total Holdings

$163.30M

P

William M. Hickey III

CEO of Permian Resources

2023 Compensation

Stock

$15.00M

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$166.35M

S

Javan D. Ottoson

CEO of SM Energy

2022 Compensation

Stock

$0.00

Salary

$773.08K

Bonus

$1.10M

Other

$167.84K

Total Holdings

$12.79M

O

Brendan McCracken

CEO of Ovintiv

2023 Compensation

Stock

$3.86M

Salary

$1.10M

Bonus

$2.54M

Other

$407.55K

Total Holdings

$7.62M

Holdings

See how much did Nicholas O'Grady make over time.

Nicholas O'Grady holds a noteworthy position in Northern Oil and Gas, with a significant financial stake in the company reflected in his stock holdings. In 2023, his vested stock was valued at approximately $5.9 million. His wealth has seen fluctuations...

Nicholas O'Grady holds a noteworthy position in Northern Oil and Gas, with a significant financial stake in the company reflected in his stock holdings. In 2023, his vested stock was valued at approximately $5.9 million. His wealth has seen fluctuations over the last few years, showcasing how closely tied his financial success is to the company's performance. After moving to the CEO role in 2020, the value of his holdings increased substantially. In previous years, especially in 2021, he earned substantial bonuses that further increased the total value of his assets. Overall, his financial interests align with the company's objectives, positioning him as a committed leader in the energy industry.

Insider Trading

See recent insider trades of Nicholas O'Grady.

No insider trades found for this CEO.

Compensation History

See how much did Nicholas O'Grady make over time.

Nicholas O'Grady's compensation package is quite impressive. In 2023, he earned around $10.2 million, combining his salary, bonuses, and stock rewards. His base salary was $850,000, but it was his bonus of over $1.1 million that highlighted his strong performance metrics, which include Adjusted EBITDA. The stock he accumulated is not just for show; the vested stock awards added roughly $5.9 million to his total compensation. This structure reflects a focus on aligning his pay with the company's performance, which is a growing trend in many executive compensation plans. His past compensation also shows a steady increase as he took on larger roles within the company, closely tied to the company’s growth and profitability.

Year

2023

Total Compensation

$8.06M

Salary

$850.00K

Board Justification

The compensation philosophy focuses on aligning executive pay with company performance, peer benchmarking, and retention strategies, emphasizing long-term value creation.

Bonus

$1.15M

Board Justification

The bonus is based on the 2023 STIP, which includes performance metrics such as Adjusted EBITDA and Return on Capital Employed, with a total cash award of $1,149,212 earned for the year.

Other

$133.94K

Board Justification

Other compensation includes vehicle allowances, 401(k) contributions, and other benefits.

Restricted Stock

$5.92M(159.76K Restricted Stock Awards (RSA))

Board Justification

The vested stock consists of restricted stock awards that are scheduled to vest based on continued service, with specific vesting dates outlined in the proxy statement.

Performance Metrics

Performance metrics include Adjusted EBITDA and Return on Capital Employed, which determine the cash bonus under the 2023 STIP.

Other Northern Oil and Gas CEOs

Here are other CEOs of Northern Oil and Gas

Brandon Elliott

Ex-CEO of Northern Oil and Gas

July 2018 - December 2019