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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...

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William R. Thomas

Ex-CEO of EOG Resources

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Energy

Born

January 1, 1929 - 96 years ago

CEO of EOG Resources for

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

Holdings

See how much did William R. Thomas make over time.

William R. Thomas once held a significant position within EOG Resources, with a large portion of his wealth tied up in stock awards and performance units. His wealth peaked when he realized over $2 million from vested stock in 2020....

Total Stock Sold

$14.77M

EOG

$14.77M

174,640 EOG shares

What if they kept their stock?

If William R. Thomas didn't sell their stock, today they would have:
Extra EOG174,640 shares worth $9.16M.
This is -37.98% and $5.61M less than what they got when they sold the stock.

Charitable Transactions

EOG

10,000 shares

EOG

Recent Charitable Transactions

EOG

5,000 shares

EOG

Dec 4, 2013

Charity

EOG

5,000 shares

EOG

Sep 20, 2012

Charity

Insider Trading

See recent insider trades of William R. Thomas.

EOG

1,610 shares

EOG

Apr 25, 2022

Received

EOG

18,700 shares

EOG

Sep 20, 2021

Received

EOG

1 shares

EOG

Sep 20, 2021

Charity

EOG

$10.60K

EOG at $42.38/share

Jun 30, 2021

Received

EOG

35,698 shares

EOG

Feb 9, 2021

Received

EOG

$3.64K

EOG at $42.38/share

Dec 31, 2020

Received

EOG

31,628 shares

EOG

Sep 25, 2020

Received

EOG

$10.59K

EOG at $43.06/share

Jun 30, 2020

Received

EOG

64,262 shares

EOG

Feb 11, 2020

Received

EOG

$9.61K

EOG at $71.20/share

Dec 31, 2019

Received

Compensation History

See how much did William R. Thomas make over time.

William R. Thomas's compensation was closely tied to EOG's performance, with his total salary reaching almost $6 million in 2018, thanks mostly to effective incentive plans. His pay structure included a combination of salary, bonuses, and stock options. Each year, his compensation reflected the company’s operational success and strategic goals, which were often tied to reaching ambitious performance metrics like return on capital and generating free cash flow. By focusing on long-term incentives, Thomas ensured that his interests as CEO were in line with those of shareholders. Notably, in his final years, he received substantial retirement packages that also included contributions to his retirement plans. This structured incentive approach has made him a key figure in navigating corporate challenges while promoting stability and growth within EOG.

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.

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