Alison Vasquez
About Alison Vasquez
Alison Vasquez is Executive Vice President, Chief Financial Officer and Treasurer of Orion Group Holdings (ORN), appointed effective June 23, 2025; she is age 50, a CPA in Texas, and holds a BBA in Accounting and an MPA (Professional Accounting) from the University of Texas at Austin . Prior to ORN, she led a 350+ person global finance organization at KBR as SVP & Chief Accounting Officer and previously held VP roles across Internal Audit, FP&A, Investor Relations, and Finance, plus chief auditor roles at Energy Transfer LP and Noble Corporation plc; she began her career in assurance/advisory at Arthur Andersen and PwC . ORN’s recent fundamentals show revenues rising from $712M in FY23 to $796M in FY24 and EBITDA improving to ~$31.4M in FY24; 2025 guidance stands at $800–$850M revenue and $42–$46M Adjusted EBITDA, aligning with her pro‑rata bonus metrics for 2025 . See performance tables below for revenue/EBITDA trends and disclosed TSR markers .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| KBR, Inc. | SVP & Chief Accounting Officer | May 2024 – Jun 2025 | Led 350+ global finance professionals across accounting, tax, reporting, controls, shared services, systems, and government compliance . |
| KBR, Inc. | VP Finance, Sustainable Technology | Dec 2022 – May 2024 | Finance leadership for sustainable tech portfolio; supported growth and portfolio execution . |
| KBR, Inc. | VP FP&A and Investor Relations | Jul 2018 – Dec 2022 | Drove planning, forecasting, IR messaging; enhanced capital market alignment . |
| KBR, Inc. | VP Internal Audit | Aug 2016 – Jul 2018 | Strengthened internal controls and risk management . |
| Energy Transfer LP | Chief Auditor | Pre‑2016 | Enterprise audit leadership; controls and compliance . |
| Noble Corporation plc | Chief Auditor | Pre‑2016 | Enterprise audit leadership; controls and compliance . |
| Arthur Andersen; PwC | Assurance/Advisory (Manager/Senior Manager) | 1998 – 2016 | Public company audit, advisory, and technical accounting foundation . |
External Roles
| Organization/Certification | Role | Years | Notes |
|---|---|---|---|
| State of Texas | Certified Public Accountant | — | Active CPA credential . |
| University of Texas at Austin | BBA (Accounting); MPA (Professional Accounting) | — | Academic foundation; UT Austin alumna . |
Fixed Compensation
| Component | Amount/Terms | Effective Date | Notes |
|---|---|---|---|
| Base Salary | $450,000 annualized | Jun 23, 2025 | $8,653.85 per week . |
| Vehicle Allowance | $1,250 per month | Jun 23, 2025 | Paid weekly; taxable fringe; company gas card provided . |
| Mobile Phone Stipend | $50 per month | Jun 23, 2025 | Paid weekly . |
| Benefits | Medical, dental, vision, life/AD&D (4x salary up to $1.5M), spouse life $20k, child life $10k; MERP; 401(k) match (100% first 3%, 50% next 2%); ESPP (15% discount) | Eligibility per plan | Executive benefit details and match terms disclosed . |
| Time Off | Unlimited FTO; 5 days paid dependent/family care; 4 hours VTO/year; 9 holidays | Ongoing | Company policies summarized . |
Performance Compensation
| Incentive Type | Metric | Weighting | Target | Actual | Payout | Vesting/Timing |
|---|---|---|---|---|---|---|
| Annual Bonus (2025 Pro‑Rata) | Adjusted EBITDA | 50% | 75% of base salary target (pro‑rated days employed) | TBD | Discretionary Committee determination | FY25, paid post-year end. |
| Annual Bonus (2025 Pro‑Rata) | Revenues | 30% | 75% of base salary target (pro‑rated) | TBD | Discretionary Committee determination | FY25, paid post-year end. |
| Annual Bonus (2025 Pro‑Rata) | Strategic Goals | 20% | 75% of base salary target (pro‑rated) | TBD | Discretionary Committee determination | FY25, paid post-year end. |
| Sign‑On Equity | Restricted Shares | — | $250,000 grant value | N/A | N/A | Vests ratably on 1st/2nd/3rd anniversaries of grant (expected grant on Jun 23, 2025) . |
| Annual Equity (from 2026) | Restricted Shares | 40% | Historical value $240,000 | N/A | N/A | Vests ratably over 3 years . |
| Annual Equity (from 2026) | PSUs | 60% | Historical value $360,000 | N/A | N/A | Cliff vests at 3 years; performance conditions set by Compensation Committee (Company practice uses ROIC and Relative TSR) . |
Equity Ownership & Alignment
- Stock ownership requirements: CFO minimum 2.0x annual base salary; executives/directors receive five years from becoming subject to comply .
- Hedging/pledging prohibited; equity and cash incentives subject to clawback; equity awards use double‑trigger vesting upon change of control; options currently not granted .
- Sign‑on RS grant vests over 3 years; anticipated vest dates around Jun 23, 2026/2027/2028, which may create predictable selling windows if 10b5‑1 plans are established (no Form 4 activity disclosed here) .
Employment Terms
| Term | Details |
|---|---|
| Start Date & Role | Effective June 23, 2025; appointed EVP, CFO & Treasurer . |
| Employment Basis | At‑will, subject to terms of employment separation in related agreements . |
| Severance | Eligible for severance benefits per Exhibit B of Offer Letter (summary referenced; specific multiples not disclosed in filing excerpt) . |
| Non‑Solicit/Confidentiality | Offer acceptance included Confidentiality & Non‑Solicitation Agreement . |
| Change‑of‑Control Treatment (Plan‑level) | Company program uses double‑trigger vesting; clawbacks apply; no option repricing; anti‑hedging/pledging . |
Performance & Track Record
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Revenues ($) | 748,322,000 | 711,778,000 | 796,394,000 |
| EBITDA ($) | 11,057,000* | 15,683,000* | 31,388,000* |
Values retrieved from S&P Global.*
Additional market/performance markers:
- Company share price closed at $4.94 on Dec 31, 2023 and $7.33 on Dec 31, 2024, indicating strong year‑over‑year appreciation into FY24 .
- Pay‑versus‑performance table cites $100 initial investment value rising to 148 by 2024 for company TSR context versus peer TSR of 298 (Committee’s focused peer group), reflecting broader capital market dynamics relevant to PSU design and relative TSR benchmarking .
Compensation Structure Analysis
- Increased at‑risk pay: ORN emphasizes PSUs for NEOs (60% PSUs / 40% RS as of 2024), aligning payout with ROIC and Relative TSR across peer benchmarks; Vasquez’s 2026 annual equity will follow Committee‑set performance metrics at grant .
- Ownership alignment: CFO guideline at 2.0x salary and anti‑hedging/pledging policies reduce misalignment risks; five‑year compliance runway supports new executive onboarding .
- Process rigor: Independent consultant (Meridian), updated focused peer group for compensation benchmarking, and clawback policy underscore governance quality in pay decisions .
Risk Indicators & Red Flags
- Hedging/pledging prohibited by policy, mitigating alignment concerns .
- No related‑party transactions disclosed since Jan 1, 2024; audit oversight robust .
- Equity grants follow regular timing (March) with 10‑day average price method to reduce grant timing volatility; company currently does not grant options (reduces repricing risk) .
Investment Implications
- Compensation alignment: Vasquez’s 2025 pro‑rata bonus directly ties to Adjusted EBITDA, revenue, and strategic goals, aligning near‑term cash incentives with ORN’s reiterated FY25 guidance and operational execution .
- Retention and selling pressure: Three‑year sign‑on RS vesting (expected first vest ~Jun 2026) creates predictable potential Form 4 activity; monitor for any 10b5‑1 plan and subsequent filings to gauge supply overhang .
- Long‑term value creation: Emphasis on ROIC and Relative TSR in PSU design and CFO ownership guidelines should strengthen capital discipline and shareholder alignment; tracking ROIC outcomes and TSR versus the focused peer group will be essential to assess realized compensation versus performance .
Notes: All compensation and employment terms for Ms. Vasquez are drawn from the June 10, 2025 8‑K and attached Offer Letter; severance specifics referenced to Exhibit B were not detailed in the excerpted filing. Financial trends presented use S&P Global fundamentals for revenues and EBITDA and proxy‑disclosed TSR markers.
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