Independence Contract Drilling, Inc.

OTCPK:ICDI Stock Report

Market Cap: US$3.8m

Independence Contract Drilling Management

Management criteria checks 2/4

Independence Contract Drilling's CEO is John Gallegos, appointed in Oct 2018, has a tenure of 6.08 years. total yearly compensation is $1.97M, comprised of 28% salary and 72% bonuses, including company stock and options. directly owns 3.79% of the company’s shares, worth $143.15K. The average tenure of the management team and the board of directors is 4.6 years and 2.7 years respectively.

Key information

John Gallegos

Chief executive officer

US$2.0m

Total compensation

CEO salary percentage28.0%
CEO tenure6.1yrs
CEO ownership3.8%
Management average tenure4.6yrs
Board average tenure2.7yrs

Recent management updates

Recent updates

Improved Revenues Required Before Independence Contract Drilling, Inc. (NYSE:ICD) Shares Find Their Feet

Jun 20
Improved Revenues Required Before Independence Contract Drilling, Inc. (NYSE:ICD) Shares Find Their Feet

Does Independence Contract Drilling (NYSE:ICD) Have A Healthy Balance Sheet?

May 09
Does Independence Contract Drilling (NYSE:ICD) Have A Healthy Balance Sheet?

Independence Contract Drilling's (NYSE:ICD) Returns On Capital Are Heading Higher

Feb 29
Independence Contract Drilling's (NYSE:ICD) Returns On Capital Are Heading Higher

We Think Independence Contract Drilling (NYSE:ICD) Is Taking Some Risk With Its Debt

Jan 10
We Think Independence Contract Drilling (NYSE:ICD) Is Taking Some Risk With Its Debt

Independence Contract Drilling, Inc.'s (NYSE:ICD) Shares Lagging The Industry But So Is The Business

Nov 10
Independence Contract Drilling, Inc.'s (NYSE:ICD) Shares Lagging The Industry But So Is The Business

Independence Contract Drilling (NYSE:ICD) Seems To Be Using A Lot Of Debt

Jun 14
Independence Contract Drilling (NYSE:ICD) Seems To Be Using A Lot Of Debt

Independence Contract Drilling Navigates Through Operational Challenges

Jun 08

Health Check: How Prudently Does Independence Contract Drilling (NYSE:ICD) Use Debt?

Feb 22
Health Check: How Prudently Does Independence Contract Drilling (NYSE:ICD) Use Debt?

Independence Contract Drilling: Repricing And Profit Growth Potential Are Alluring

Feb 03

Independence Contract Drilling Non-GAAP EPS of -$0.35, revenue of $49.1M

Nov 01

Is Independence Contract Drilling (NYSE:ICD) Using Debt In A Risky Way?

Oct 28
Is Independence Contract Drilling (NYSE:ICD) Using Debt In A Risky Way?

Independence Contract Drilling: Rig Reactivation And Margin Expansion Will Drive It

Oct 06

Independence Contract Drilling: Await The Repricing And Contract Renewals

Jul 13

Independence Contract Drilling: Better Quality Rigs And Repricing Will Outdo Cash Flow Concerns

Apr 06

Independence Contract Drilling: Improved Revenue And Margin Can Bail Out Cash Flow Crunch

Jan 14

Independence Contract Drilling reports Q1 results

May 04

Independence Contract Drilling EPS beats by $0.48, beats on revenue

Nov 03

CEO Compensation Analysis

How has John Gallegos's remuneration changed compared to Independence Contract Drilling's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024n/an/a

-US$59m

Mar 31 2024n/an/a

-US$47m

Dec 31 2023US$2mUS$552k

-US$38m

Sep 30 2023n/an/a

-US$8m

Jun 30 2023n/an/a

-US$8m

Mar 31 2023n/an/a

-US$7m

Dec 31 2022US$6mUS$480k

-US$65m

Sep 30 2022n/an/a

-US$100m

Jun 30 2022n/an/a

-US$97m

Mar 31 2022n/an/a

-US$109m

Dec 31 2021US$2mUS$419k

-US$67m

Sep 30 2021n/an/a

-US$78m

Jun 30 2021n/an/a

-US$89m

Mar 31 2021n/an/a

-US$84m

Dec 31 2020US$849kUS$430k

-US$97m

Sep 30 2020n/an/a

-US$89m

Jun 30 2020n/an/a

-US$84m

Mar 31 2020n/an/a

-US$87m

Dec 31 2019US$2mUS$465k

-US$61m

Sep 30 2019n/an/a

-US$34m

Jun 30 2019n/an/a

-US$28m

Mar 31 2019n/an/a

-US$18m

Dec 31 2018US$3mUS$106k

-US$20m

Compensation vs Market: John's total compensation ($USD1.97M) is above average for companies of similar size in the US market ($USD651.15K).

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


CEO

John Gallegos (54 yo)

6.1yrs

Tenure

US$1,970,300

Compensation

Mr. John Anthony Gallegos Jr. was the President of Sidewinder Drilling, LLC since November 2014 until September 2018 and its Chief Executive Officer since October 4, 2017 until September 2018. Mr. Gallegos...


Leadership Team

NamePositionTenureCompensationOwnership
John Gallegos
President6.1yrsUS$1.97m3.79%
$ 143.2k
Philip Choyce
Executive VP12.7yrsUS$1.11m1.75%
$ 66.2k
Scott Keller
Senior Vice President of Business Development3.9yrsUS$732.78k1.02%
$ 38.4k
Philip Dalrymple
Senior Vice President of Operations4.7yrsUS$329.68k1.05%
$ 39.7k
Katherine Kokenes
VP & Chief Accounting Officer4.5yrsno data0.38%
$ 14.3k
Marc Noel
Vice President of Sales & Marketing3.9yrsno datano data

4.6yrs

Average Tenure

52yo

Average Age

Experienced Management: ICDI's management team is considered experienced (4.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John Gallegos
President6.1yrsUS$1.97m3.79%
$ 143.2k
Vincent Cebula
Independent Director2.7yrsUS$182.75k0.53%
$ 20.1k
Steven Strom
Independent Directorless than a yearno datano data
James Minmier
Independent Chairman of the Board6.1yrsUS$186.75k0.66%
$ 24.9k
Robert Barrett
Independent Director2.3yrsUS$175.50k0.52%
$ 19.7k

2.7yrs

Average Tenure

60yo

Average Age

Experienced Board: ICDI's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.