William R. Thomas is a highly experienced executive in the oil and gas industry, known for his significant role at EOG Resources, Inc. He served as Chief Executive Officer from 2014 to 2021 and contributed to the company's focus on...

Number of Employees

3.05K

Year

2021

Total Compensation

$1.27M

Salary

$747.12K

Board Justification

EOG Resources, Inc. aims to align executive compensation with company performance, focusing on long-term incentives to ensure alignment with stockholder interests. The compensation structure is designed to attract, motivate, and retain top executive talent while promoting sustainable company growth.

Bonus

$0.00

Board Justification

Mr. Thomas was not eligible to receive a bonus for 2021 performance since he was no longer an employee in March 2022 when bonuses were paid, consistent with EOG’s practice for all employees.

Other

$521.70K

Board Justification

Includes $293,562 in retirement contributions, $95,000 in charitable matching contributions, $70,103 in retirement gifts, $28,316 in tax gross-up for retirement gifts, and $27,163 for earned, yet untaken vacation upon retirement.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock vested for Mr. Thomas in 2021 as he retired effective September 30, 2021.

Performance Metrics

The performance metrics for determining compensation include achieving a 35% all-in after-tax rate of return, generating significant free cash flow, and improving safety and environmental records.

SEC Filing

From March 10, 2022

William R. Thomas

Ex-CEO of EOG Resources

WR

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1929 - 96 years ago

Is Founder?

No

Tenure

7 years 8 months (Jan 2014 - Sep 2021)

Previous Experience

Senior Executive Vice President, Exploration; Executive Vice President and General Manager of EOG's Fort Worth, Texas office