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Richard Alario has been a pivotal figure in the oilfield services industry, leveraging his extensive experience to lead DNOW Inc. as its interim CEO from November 2019 to June 2020. With a Bachelor's Degree in Business Administration, he brings a...

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Richard Alario

Ex-CEO of DNOW

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Sector of Economy

Energy

Born

January 1, 1954 - 71 years ago

CEO of DNOW for

0 years 7 months (Nov 2019 - Jun 2020)

Previous Experience

CEO of Key Energy Services

Holdings

See how much did Richard Alario make over time.

Richard Alario has had notable fluctuations in his stock holdings during his time with DNOW. As of June 2020, he had phantom stock awards that had vested, valued at approximately $1.23 million. His total compensation in 2020 was $675,231, which...

Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Richard Alario make over time.

In 2020, Richard Alario's total compensation was $675,231, which only included his salary after the company did not meet performance metrics for bonuses. The absence of bonuses was notable, as he had previously earned $2.99 million in 2019, which included a $850,000 salary plus allowances. His package emphasizes the company's pay-for-performance philosophy but also highlights the challenges faced due to unmet EBITDA and working capital targets. Alario's focus has always been on fostering shareholder value and maintaining strong financial health, which reflects directly on his overall compensation.

Year

2020

Total Compensation

$1.91M

Salary

$675.23K

Board Justification

The compensation philosophy is designed to attract and retain executive talent and emphasize pay for performance, including the creation of stockholder value.

Bonus

$0.00

Board Justification

No bonus was awarded under the 2020 Annual Incentive Plan due to performance metrics not being met.

Other

$0.00

Board Justification

No other compensation was reported for Mr. Alario in 2020.

Restricted Stock

$1.23M(217.41K phantom stock)

Board Justification

Vested stock includes phantom stock awards that were granted to Mr. Alario during his interim CEO role, which fully vested upon his departure from that role.

Performance Metrics

The performance metrics for the annual incentive plan were based on EBITDA and working capital, but the thresholds were not met in 2020.

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