William M. Hickey III is the co-CEO of Permian Resources Corporation, having taken the helm in October 2023. With a solid academic background from the University of Texas at Austin, where he earned a B.S. in Business, Hickey's expertise lies...
William M. Hickey III is the co-CEO of Permian Resources Corporation, having taken the helm in October 2023. With a solid academic background from the University of Texas at Austin, where he earned a B.S. in Business, Hickey's expertise lies in aligning business strategy with shareholder interests. Under his leadership, the company's compensation program is unique; both co-CEOs, including Hickey, receive no cash salary, instead opting entirely for performance stock units (PSUs). This method ties their compensation to the company’s long-term performance, specifically total shareholder return. Hickey is known for being actively involved in the financial markets, with significant fluctuations in his trading activity. For instance, in March 2024, his holdings peaked at $215.17 million, reflecting strong investor confidence in Permian Resources. As the market shifts, his portfolio has shown some variability, dipping down to $163.69 million by September 2024. His strategy seems focused on solid long-term growth, reflecting a commitment to building value in the energy sector.