Thomas E. Jorden has been steering Coterra Energy Inc. since its merger with Cimarex Energy in 2021, where he served as Chairman and CEO. With a strong academic foundation boasting both a B.S. and M.S. in Geophysics from the Colorado...

Current Market Cap

$19.57B

Number of Employees

1.22K

Total Compensation

2021 - 2023

Trending up by 802.76% last year
Showing total compensation for the last 2021 - 2023

Stock

Up by 0.00% last year

Salary

Up by 1.96% last year

Bonus

Up by 60.00% last year

Other

Up by 1158.57% last year

Year

2023

Total Compensation

$21.50M

Salary

$1.13M

Board Justification

The compensation philosophy is designed to align executive compensation with business strategy, attract and retain talented executives, and encourage sustained value creation for stockholders.

Bonus

$2.00M

Board Justification

The annual cash incentive award for 2023 was based on performance metrics, with a total payout of $2,000,000 approved by the Compensation Committee, reflecting 137% of the target bonus.

Other

$351.13K

Board Justification

Other compensation includes contributions to retirement plans, insurance premiums, and other personal benefits provided to the CEO.

Restricted Stock

$18.02M(706.15K RSU)

Board Justification

The stock awards that vested in 2023 include restricted stock units and performance shares that were granted prior to 2023, with a total market value of $18,020,948 as of December 31, 2023.

Performance Metrics

The performance metrics for the annual cash incentive included economic performance, production guidance, budget guidance, and greenhouse gas intensity metrics.

SEC Filing

From March 20, 2024

Thomas E. Jorden

Ex-CEO of Coterra Energy

TE

Education

B.S. and M.S. in Geophysics from the Colorado School of Mines

Field of Expertise

Born

January 1, 1960 - 64 years ago

Is Founder?

No

Tenure

1 year 11 months (Oct 2021 - Sep 2023)

Previous Experience

Former Chief Executive Officer of Cimarex Energy Co.

View Holdings

Insider Holdings of Thomas E. Jorden

CTRA

$61.50M

-$1.07M (-1.72%)

Last Insider Trade

CTRA

112,416 shares

CTRA

Mar 7, 2024

Charity