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...

Number of Employees

2.68K

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.

SEC Filing

From April 8, 2021