Stephen I. Chazen is the CEO and Chairman of Magnolia Oil & Gas Corporation, bringing over four decades of experience in the oil and gas industry. His career includes a significant stint as President and CEO of Occidental Petroleum from...

Number of Employees

12.57K

Year

2016

Total Compensation

$3.28M

Salary

$1.00M

Board Justification

The compensation philosophy for the CEO is designed to align with company performance and shareholder interests, focusing on long-term value creation and retention of key executives.

Bonus

$0.00

Board Justification

No annual cash incentive was awarded to Mr. Chazen in 2016 as part of an agreement with the Board due to his transition from CEO to strategic advisor.

Other

$2.28M

Board Justification

This amount includes payment for accrued but unused vacation and other benefits.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested for Mr. Chazen in 2016 as he did not participate in the long-term incentive program for that year.

Performance Metrics

Mr. Chazen was not eligible for performance metrics in 2016 due to his transition from CEO.

SEC Filing

From March 24, 2017