CLB 2019 Proxy Statement

37 Grants of Plan-Based Awards for the Year Ended December 31, 2018 Estimated Future Payouts Under Non-Equity Incentive Plan Awards Estimated Future Payouts Under Equity Incentive Plan Awards Grant Date Fair Value of Stock and Option Awards ($) Name of Executive Grant Date Approval Date Threshold ($) Target ($) Maximum ($) Threshold (#) Target (#) Maximum (#) David M. Demshur — 1,109,750 2,219,499 2/13/2018 1/29/2018 21,019 42,038 63,057 6,282,999 Lawrence Bruno — 318,750 637,500 2/13/2018 1/29/2018 6,841 13,682 20,523 2,044,912 Christopher S. Hill — N/A N/A 2/13/2018 1/29/2018 1,300 2,600 2,600 259,064 Richard L. Bergmark — 404,700 809,400 2/13/2018 1/29/2018 8,432 16,864 25,296 2,520,493 Monty L. Davis — 404,700 809,400 2/13/2018 1/29/2018 8,432 16,864 25,296 2,520,493 Narrative Disclosure to Summary Compensation Table and Grants of Plan-Based Awards Table The following is a discussion of material factors necessary to an understanding of the information disclosed in the Summary Compensation Table. Employment Agreements The information below describes the employment agreements that we maintained withMessrs. Demshur, Bergmark and Davis during the 2018 year and which governed their compensation for the 2018 year. Although we have entered into employment agreements with Messrs. Bruno and Hill following the end of the 2018 year, their compensation was not governed by formal agreements during the 2018 year. David M. Demshur Mr. Demshur serves as our Chief Executive Officer and previously served as our President pursuant to an employment agreement entered into on August 1, 1998, as amended and restated as of December 31, 2007. Unless either party gives notice to terminate the agreement, the agreement will automatically renew each year on the anniversary of the effective date for a successive three-year term. Mr. Demshur's employment agreement, as amended, entitles him to an initial base salary of $420,000, subject to increase at the discretion of the Compensation Committee, and the opportunity to earn a yearly bonus of up to 220% of his then current annual base salary dependent upon his reaching certain performance objectives established by the CompensationCommittee and described above under "Compensation Discussion and Analysis - Elements of Compensation - Non-Equity Incentive Compensation." The employment agreement provides that Mr. Demshur is entitled to participate in all of our benefit plans and programs that are available to our other executive employees. Richard L. Bergmark Mr. Bergmark served as our Executive Vice President and previously served as our Chief Financial Officer pursuant to an employment agreement entered into on August 1, 1998, as amended and restated as of December 31, 2007. Unless either party gave notice to terminate the agreement, the agreement would have automatically renewed each year on the anniversary of the effective date for a successive three-year term. Mr. Bergmark's employment agreement, as amended, entitled him to an initial base salary of $236,250, subject to increase at the discretion of the Compensation Committee, and the opportunity to earn a yearly bonus of up to 150% of his then current annual base salary dependent upon his reaching certain performance objectives established by the Compensation Committee and described above under "Compensation Discussion andAnalysis - Elements of Compensation - Non-Equity Incentive Compensation." The employment agreement provided that Mr. Bergmark was entitled to participate in all of our benefit plans and programs that were available to our other executive employees. As disclosed above under "Compensation Discussion and Analysis - Introduction", Mr. Bergmark retired from his role as our Chief Financial Officer, effective at the