Trican Well Service Management

Management criteria checks 3/4

Trican Well Service's CEO is Brad Fedora, appointed in Sep 2020, has a tenure of 3.58 years. total yearly compensation is CA$4.28M, comprised of 12.8% salary and 87.2% bonuses, including company stock and options. directly owns 0.48% of the company’s shares, worth €2.87M. The average tenure of the management team and the board of directors is 3.2 years and 3.3 years respectively.

Key information

Brad Fedora

Chief executive officer

CA$4.3m

Total compensation

CEO salary percentage	12.8%
CEO tenure	3.6yrs
CEO ownership	0.5%
Management average tenure	3.2yrs
Board average tenure	3.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Brad Fedora's remuneration changed compared to Trican Well Service's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	CA$4m	CA$550k	CA$121m
Sep 30 2023	n/a	n/a	CA$118m
Jun 30 2023	n/a	n/a	CA$120m
Mar 31 2023	n/a	n/a	CA$112m
Dec 31 2022	CA$4m	CA$542k	CA$79m
Sep 30 2022	n/a	n/a	CA$63m
Jun 30 2022	n/a	n/a	CA$34m
Mar 31 2022	n/a	n/a	CA$24m
Dec 31 2021	CA$3m	CA$500k	CA$12m
Sep 30 2021	n/a	n/a	-CA$20m
Jun 30 2021	n/a	n/a	-CA$52m
Mar 31 2021	n/a	n/a	-CA$71m
Dec 31 2020	CA$2m	CA$150k	-CA$228m
Sep 30 2020	n/a	n/a	-CA$229m
Jun 30 2020	n/a	n/a	-CA$221m
Mar 31 2020	n/a	n/a	-CA$222m
Dec 31 2019	CA$234k	n/a	-CA$71m
Sep 30 2019	n/a	n/a	-CA$202m
Jun 30 2019	n/a	n/a	-CA$198m
Mar 31 2019	n/a	n/a	-CA$205m
Dec 31 2018	CA$159k	n/a	-CA$229m
Sep 30 2018	n/a	n/a	-CA$61m
Jun 30 2018	n/a	n/a	-CA$2m
Mar 31 2018	n/a	n/a	CA$40m
Dec 31 2017	CA$72k	n/a	CA$19m

Compensation vs Market: Brad's total compensation ($USD3.13M) is above average for companies of similar size in the German market ($USD1.30M).

Compensation vs Earnings: Brad's compensation has been consistent with company performance over the past year.

CEO

Brad Fedora (53 yo)

3.6yrs

Tenure

CA$4,282,467

Compensation

Mr. Bradley P. D. Fedora, also known as Brad, MBA, has been Chief Executive Officer and President of Trican Well Service Ltd. since September 1, 2020. He has been Non-Independent Director at Trican Well Se...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Bradley P. Fedora	President	3.6yrs	CA$4.28m	0.48% CA$ 2.9m
Scott Matson	Chief Financial Officer	2.8yrs	CA$1.92m	0.019% CA$ 114.5k
Todd Thue	Chief Operating Officer	3.6yrs	CA$2.43m	0.17% CA$ 986.0k
Chika Onwuekwe	VP of Legal	7.1yrs	CA$1.00m	0.065% CA$ 386.4k
Brian Lane	Vice President of Sales & Marketing	1.4yrs	CA$2.13m	0.015% CA$ 90.2k
Kathleen McCrum	Vice President of Human Resources	less than a year	no data	no data

3.2yrs

Average Tenure

Experienced Management: TWZ's management team is considered experienced (3.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Bradley P. Fedora	President	6.8yrs	CA$4.28m	0.48% CA$ 2.9m
Michael McNulty	Independent Director	3.3yrs	CA$173.66k	0.018% CA$ 107.3k
Trudy Curran	Independent Director	2.9yrs	CA$169.26k	0.0041% CA$ 24.7k
Stuart O'Connor	Independent Director	2.4yrs	CA$154.15k	0.0030% CA$ 18.1k
Thomas Alford	Independent Chairman of the Board	3.3yrs	CA$243.00k	0.032% CA$ 189.4k
Deborah Stein	Independent Director	7.9yrs	CA$166.66k	0.015% CA$ 87.0k

3.3yrs

Average Tenure

62yo

Average Age

Experienced Board: TWZ's board of directors are considered experienced (3.3 years average tenure).

Trican Well Service Management

Management criteria checks 3/4

Key information

Recent management updates

Trican Well Service Ltd., Annual General Meeting, May 14, 2024

Trican Well Service Ltd., Annual General Meeting, May 12, 2022

Independent Chairman of the Board recently bought €36k worth of stock

Trican Well Service Ltd., Annual General Meeting, May 13, 2021

Trican Well Service Ltd. Announces Appointment of Thomas M. Alford as Chairman of the Board

Trican Well Service Ltd. Appoints Michael J. McNulty to Its Board of Directors and Member of the Audit Committee

Recent updates

Trican Well Service Ltd. to Report Q1, 2024 Results on May 13, 2024

Upcoming dividend of CA$0.045 per share

Trican Well Service Ltd., Annual General Meeting, May 14, 2024

Full year 2023 earnings released: EPS: CA$0.56 (vs CA$0.33 in FY 2022)

New major risk - Revenue and earnings growth

Trican Well Service Ltd. Approves Dividend, Payable on December 29, 2023

Third quarter 2023 earnings released: EPS: CA$0.17 (vs CA$0.16 in 3Q 2022)

Trican Well Service Ltd. to Report Q3, 2023 Results on Nov 09, 2023

Upcoming dividend of CA$0.04 per share at 3.2% yield

Second quarter 2023 earnings released: EPS: CA$0.045 (vs CA$0.006 in 2Q 2022)

New minor risk - Share price stability

Trican Well Service Ltd. to Report Q2, 2023 Results on Aug 01, 2023

Upcoming dividend of CA$0.04 per share at 4.8% yield

First quarter 2023 earnings released: EPS: CA$0.20 (vs CA$0.054 in 1Q 2022)

Investor sentiment deteriorates as stock falls 16%

Upcoming dividend of CA$0.04 per share

Investor sentiment improves as stock rises 19%

Full year 2022 earnings released: EPS: CA$0.33 (vs CA$0.048 in FY 2021)

Trican Well Service Ltd. to Report Q4, 2022 Results on Feb 22, 2023

Third quarter 2022 earnings released: EPS: CA$0.16 (vs CA$0.036 in 3Q 2021)

Trican Well Service Ltd. to Report Q3, 2022 Results on Nov 09, 2022

Investor sentiment deteriorated over the past week

Second quarter 2022 earnings released: EPS: CA$0.006 (vs CA$0.033 loss in 2Q 2021)

Trican Well Service Ltd. to Report Q2, 2022 Results on Jul 26, 2022

First quarter 2022 earnings released: EPS: CA$0.054 (vs CA$0.007 in 1Q 2021)

Trican Well Service Ltd. to Report Q1, 2022 Results on May 11, 2022

Trican Well Service Ltd., Annual General Meeting, May 12, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Third quarter 2021 earnings released: EPS CA$0.036 (vs CA$0.098 loss in 3Q 2020)

Forecast to breakeven in 2022

Second quarter 2021 earnings released: CA$0.033 loss per share (vs CA$0.11 loss in 2Q 2020)

Independent Chairman of the Board recently bought €36k worth of stock

Independent Director Michael Rapps has left the company

Independent Director Michael Rapps has left the company

Interim Chief Financial Officer Klaas Deemter has left the company

Lead Independent Director has left the company

Independent Director has left the company

Forecast breakeven pushed back to 2023

Forecast breakeven pushed back to 2023

First quarter 2021 earnings released: EPS CA$0.007 (vs CA$0.58 loss in 1Q 2020)

Trican Well Service Ltd., Annual General Meeting, May 13, 2021

Full year 2020 earnings released: CA$0.88 loss per share (vs CA$0.25 loss in FY 2019)

Revenue beats expectations

Trican Well Service Ltd. Announces Appointment of Thomas M. Alford as Chairman of the Board

New 90-day high: €1.21

Trican Well Service Ltd. to Report Q4, 2020 Results on Feb 23, 2021

Trican Well Service Ltd. Appoints Michael J. McNulty to Its Board of Directors and Member of the Audit Committee

Trican Well Service Ltd. Announces That Robert Skilnick, Trican's Chief Financial Officer, Has Resigned, Anticipates to Leaves in March 2021

New 90-day high: €1.09

New 90-day high: €1.01

New 90-day high: €0.98

Trican Well Service Ltd. Announces Appointment of Thomas M. Alford to its Board of Directors

New 90-day high: €0.82

Revenue beats expectations

Third quarter 2020 earnings released: CA$0.098 loss per share

Trican Well Service Ltd. to Report Q3, 2020 Results on Nov 06, 2020

New 90-day high: €0.76

New 90-day high - €0.59

Trican Well Service Ltd. Announces CEO Changes, Effective September 1, 2020

Trican Well Service Ltd. to Report Q2, 2020 Results on Jul 31, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age