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Ezra Y. Yacob

Chairman of the Board and CEO at EOG RESOURCES
Board
Since October 2021
Age
48 years
Tenure
Joined EOG in August 2005, progressing through roles from Division Exploration Manager, Vice President and General Manager, Executive Vice President, and President, before becoming Chief Executive Officer in October 2021 and later Chairman of the Board in October 2022.

Also at EOG RESOURCES

ADJ
Ann D. Janssen
EVP and CFO
JRL
Jeffrey R. Leitzell
EVP and COO
LWHJ
Lloyd W. Helms, Jr.
President

About

Ezra Y. Yacob is the current Chairman of the Board and Chief Executive Officer at EOG Resources, a position that highlights his long-standing commitment to the energy sector. Since joining the company in August 2005 , he has demonstrated exceptional leadership and strategic acumen in each role he has held.

Throughout his tenure, he has advanced through several key roles including Division Exploration Manager, Vice President and General Manager, Executive Vice President, and President, before being named Chief Executive Officer in October 2021 and then elevated to Chairman of the Board in October 2022.

While detailed personal background and educational credentials remain undisclosed, his expansive experience in geoscience and leadership has been instrumental to the company’s success and growth, reinforcing his reputation as a pivotal figure in the industry.

$EOG Performance Under Ezra Y. Yacob

Past Roles

Organization Role Date Range Details
EOG Resources Chief Executive Officer October 2021 – September 2022
EOG Resources President January 2021 – September 2021
EOG Resources Executive Vice President, Exploration and Production December 2017 – January 2021
EOG Resources Vice President and General Manager, Midland, Texas office May 2014 – December 2017
EOG Resources Division Exploration Manager, Midland and Fort Worth, Texas offices March 2012 – May 2014
EOG Resources Various geoscience and leadership positions Prior to March 2012
United States Geological Survey (Minerals Division) Minerals Division Before August 2005

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary$1,169,231 Bi-weekly (26 pay periods)Annual base salary received in 2023.
All Other Compensation$373,139 Included in annual compensation paymentIncludes matching contributions under the Savings and Retirement Plan ($318,779 ), Cash Perquisite Allowance ($2,600 ), Charitable Matching Contributions ($45,127 ), Spouse Travel Expenses (including tax gross-up) ($5,613 ), Health Savings Account Contribution ($1,000 ), and Wellness Incentive ($20 ).

Performance Compensation

Data from  FY 2023

Non-Equity Incentive Bonus

MetricValueDetails
Base Salary Used$1,200,000 Base salary as of 12/31/2023.
Bonus Target Percentage150% 150% of base salary.
Target Bonus$1,800,000 Calculation: 150% x $1,200,000.
Threshold Payout$0 Minimum threshold defined.
Maximum Payout$3,600,000 Cap at 200% of the target bonus.
Performance Factor140% Determined by the Compensation Committee.
Actual Bonus Paid$2,520,000 Bonus paid as 140% of the target bonus.
Vesting ScheduleN/A Cash bonus paid after fiscal year-end; no vesting.
Evaluation PeriodAnnual Assessed annually by the Compensation Committee.

Long-Term Incentive Awards - Performance Units

MetricValueDetails
Performance MetricRelative TSR Measured versus a Performance Peer Group.
Performance Peer GroupAPA, Coterra, ConocoPhillips, Devon Energy, Diamondback Energy, Marathon Oil, Occidental, Ovintiv, S&P 500 Peer group used for relative TSR comparisons.
ROCE Modifier Range-70% to +70% Adjusts payout based on average ROCE over a three-year period.
Final Payout Cap200% Maximum performance multiple is capped at 200%.
Grant DateSeptember 15, 2023
Units Granted45,392 Performance units granted.
Target Value$6,000,000 Reflects 60% weighting of the total long-term incentive award.
Vesting ScheduleCliff vest on Feb 28, 2027 Vesting occurs after the three-year performance period (Jan 2024 – Dec 2026).
Evaluation PeriodJanuary 2024 – December 2026 Three-year performance evaluation period.

Long-Term Incentive Awards - Restricted Stock/RSUs

MetricValueDetails
Grant DateSeptember 15, 2023
Units Granted30,261 Shares/units granted.
Grant Date Fair Value$132.18 per share/unit Fair value per unit based on the closing stock price on the grant date.
Total Award Value$3,999,899 Total fair value of the Restricted Stock/RSUs awarded.
Vesting ScheduleThree-year cliff Vesting occurs after three years; no additional performance thresholds provided for RSUs.

Note: The Restricted Stock/RSUs component does not include specific performance targets or metrics beyond the vesting conditions provided.