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James D. Palm is the former CEO of Gulfport Energy Corporation, and he held this position from December 2005 until April 2014. With a background in mechanical engineering and an MBA from Oklahoma State University, Palm merged technical expertise and...

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James D. Palm

Founder and Ex-CEO of Gulfport Energy

Education

Bachelor of Science in Mechanical Engineering, Masters in Business Administration from Oklahoma State University

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Energy

Born

January 1, 1953 - 72 years ago

CEO of Gulfport Energy for

8 years 4 months (Dec 2005 - Apr 2014)

Previous Experience

Manager and owner of Crescent Exploration, LLC; Chairman of the Oklahoma Energy Resources Board; President of the Oklahoma Independent Petroleum Association.

Holdings

See how much did James D. Palm make over time.

James D. Palm's insider trading activity reveals his substantial investment in Gulfport Energy. In 2019, his trading ranged from $755.42K to about $660.80K a month, showing a steady involvement in the market. Fast forward to 2021, and he was making...

Insider Trading

See recent insider trades of James D. Palm.

GPOR

80,000 shares

GPOR

Jan 31, 2014

Received

GPOR

$6.18M

GPOR at $49.46/share

May 28, 2013

Sale

GPOR

50,000 shares

GPOR

Feb 25, 2013

Received

GPOR

67,500 shares

GPOR

Feb 21, 2012

Received

GPOR

$900.00K

GPOR at $36.00/share

Nov 16, 2011

Sale

GPOR

$875.39K

GPOR at $35.02/share

Nov 8, 2011

Sale

GPOR

$650.00K

GPOR at $26.00/share

Feb 3, 2011

Sale

GPOR

$121.85K

GPOR at $21.92/share

Dec 30, 2010

Sale

Compensation History

See how much did James D. Palm make over time.

In his final year as CEO of Gulfport Energy, James D. Palm earned a total compensation of about $6.9 million. This figure primarily stemmed from various awards, including a unique retirement setup. Notably, $5.1 million was attributed to vested stock units granted in connection with his retirement. It’s interesting to note that during his tenure, Palm’s salary was $225,000, with no bonuses in his last year due to his retirement timing. The compensation structure he received reflects the company’s philosophy to align executive incentives with performance metrics, showing how executives are rewarded on long-term success rather than just annual performance. His earlier years saw bonuses as high as $500K, earned through successfully navigating the company in a competitive market.

Year

2014

Total Compensation

$6.98M

Salary

$50.00K

Board Justification

The compensation philosophy aims to attract and retain key executives, align their interests with those of stockholders, and motivate individual performance.

Bonus

$0.00

Board Justification

No bonus was awarded to Mr. Palm in 2014 as he retired in February 2014.

Other

$1.82M

Board Justification

Includes $1,800,000 in severance payments received by Mr. Palm in connection with his retirement effective February 15, 2014.

Restricted Stock

$5.11M(80K restricted stock units)

Board Justification

80,000 shares of restricted stock units granted in connection with his retirement, vesting in three equal installments starting February 15, 2015.

Performance Metrics

Performance metrics for 2014 included growth in EBITDA, estimated proved reserves, and oil and natural gas production.

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