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On January 31, 2024, Chevron Corporation conducted its annual executive compensation review, resulting in salary increases for certain executives and the approval of equity awards under the 2022 Long-Term Incentive Plan (LTIP). Chevron's CEO, Michael K. Wirth, received a base salary increase to $1,900,000, while Vice Chairman Mark A. Nelson and Vice President and General Counsel R. Hewitt Pate also saw salary increases. Vice President and CFO Pierre R. Breber's salary remained unchanged in anticipation of his retirement. The Board approved equity grant target values for the executives, with Mr. Wirth receiving $17,500,000. The equity awards, effective from February 6, 2024, include performance shares, restricted stock units, and stock options, with vesting terms and performance criteria detailed in the announcement. The performance shares are contingent on Chevron's relative Total Shareholder Return and Return on Capital Employed compared to a peer group. The announcement also noted that new forms of award agreements under the 2022 LTIP have been approved for future executive officer and employee awards.
On January 31, 2024, Chevron Corporation conducted its annual executive compensation review, resulting in salary increases for certain executives and the approval of equity awards under the 2022 Long-Term Incentive Plan (LTIP). Chevron's CEO, Michael K. Wirth, received a base salary increase to $1,900,000, while Vice Chairman Mark A. Nelson and Vice President and General Counsel R. Hewitt Pate also saw salary increases. Vice President and CFO Pierre R. Breber's salary remained unchanged in anticipation of his retirement. The Board approved equity grant target values for the executives, with Mr. Wirth receiving $17,500,000. The equity awards, effective from February 6, 2024, include performance shares, restricted stock units, and stock options, with vesting terms and performance criteria detailed in the announcement. The performance shares are contingent on Chevron's relative Total Shareholder Return and Return on Capital Employed compared to a peer group. The announcement also noted that new forms of award agreements under the 2022 LTIP have been approved for future executive officer and employee awards.
2024年1月31日，雪佛龙公司进行了年度高管薪酬审查，结果增加了某些高管的薪酬，并批准了2022年长期激励计划（LTIP）下的股权奖励。雪佛龙首席执行官迈克尔·沃思将基本工资提高至190万美元，而副董事长马克·纳尔逊和副总裁兼总法律顾问休伊特·佩特也获得了加薪。副总裁兼首席财务官皮埃尔·布雷伯的薪水保持不变，因为预计他将退休。董事会批准了高管的股权补助目标价值，沃思先生获得了17,500,000美元。股票奖励自2024年2月6日起生效，包括绩效股票、限制性股票单位和股票期权，公告中详述了归属条款和绩效标准。绩效份额取决于雪佛龙与同行群体相比的相对股东总回报率和已动用资本回报率。该公告还指出，2022年LTIP下的新形式的奖励协议已获批准，用于未来的执行官和员工奖励。
2024年1月31日，雪佛龙公司进行了年度高管薪酬审查，结果增加了某些高管的薪酬，并批准了2022年长期激励计划（LTIP）下的股权奖励。雪佛龙首席执行官迈克尔·沃思将基本工资提高至190万美元，而副董事长马克·纳尔逊和副总裁兼总法律顾问休伊特·佩特也获得了加薪。副总裁兼首席财务官皮埃尔·布雷伯的薪水保持不变，因为预计他将退休。董事会批准了高管的股权补助目标价值，沃思先生获得了17,500,000美元。股票奖励自2024年2月6日起生效，包括绩效股票、限制性股票单位和股票期权，公告中详述了归属条款和绩效标准。绩效份额取决于雪佛龙与同行群体相比的相对股东总回报率和已动用资本回报率。该公告还指出，2022年LTIP下的新形式的奖励协议已获批准，用于未来的执行官和员工奖励。
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