Sundar PichaiSundar Pichai earned $164M in 2023
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Nicholas O'Grady

CEO of Northern Oil and Gas

Field of Expertise

Finance & Banking - Finance

Economy Sector

Energy

Current Tenure

5 years 1 month (Jan 2020 - Present)

Previous Experience

Portfolio manager at Hudson Bay Capital Management

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...

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.