Richard A. Hubbell has a solid background in management, holding a B.A. in Economics from Westminster College. He has served as CEO of RPC, Inc. and Marine Products Corp. since 2005. Under his leadership, both companies have focused on performance-based...

Current Market Cap

$1.42B

Number of Employees

2.69K

Total Compensation

2018 - 2022

Trending up by 2.05% last year
Showing total compensation for the last 2018 - 2022

Stock

Down by -100.00% last year

Salary

Down by -29.61% last year

Bonus

Up by 0.00% last year

Other

Up by 42.72% last year

Year

2022

Total Compensation

$1.47M

Salary

$668.75K

Board Justification

The compensation philosophy is designed to attract and retain qualified executives, motivate performance to achieve company objectives, and align the interests of executives with stockholders.

Bonus

$750.00K

Board Justification

Performance-based cash compensation earned for 2022 based on achieving 150% of the target performance goal for Return on Invested Capital (ROIC).

Other

$49.11K

Board Justification

Other compensation includes insurance on automobile, dining club dues, gasoline for personal automobile, 401(k) Plan Company match of $13,725, and personal use of company aircraft valued at $17,731.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock vested in 2022 as the focus was on performance-based cash compensation and stock grants are not included in total calculations.

Performance Metrics

The performance metrics for 2022 were based on achieving a Return on Invested Capital (ROIC) of at least 9.8% to be eligible for bonuses.

SEC Filing

From March 15, 2023

Richard A. Hubbell

Ex-CEO of RPC

RA

Education

B.A. in Economics from Westminster College

Field of Expertise

Business & Management

Born

January 1, 1952 - 72 years ago

Is Founder?

No

Tenure

17 years 1 month (Apr 2005 - May 2022)

Previous Experience

President of RPC, Inc. from 1987 to 2022; CEO of Marine Products Corporation from February 2001 to May 17, 2022.

View Holdings

Insider Holdings of Richard A. Hubbell

MPXRES

$32.02M

$9.97M (45.23%)

Last Insider Trade

RES

80,000 shares

RES

Apr 23, 2024

Received