Philip A. Choyce
2023
In 2023, Philip A. Choyce earned a total compensation of $1.1M as Executive Vice President and Chief Financial Officer at Independence Contract Drilling, a 57% decrease compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $228,056 |
|---|---|
| Salary | $411,950 |
| Stock Awards | $444,730 |
| Other | $25,500 |
| Total | $1,110,236 |
Choyce received $444.7K in stock awards, accounting for 40% of the total pay in 2023.
Choyce also received $228.1K in non-equity incentive plan, $412K in salary and $25.5K in other compensation.
Rankings
In 2023, Philip A. Choyce's compensation ranked 1,101st out of 3,006 executives tracked by ExecPay. In other words, Choyce earned more than 63.4% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 1,101 out of 3,006 | 63rd |
Division Mining | 28 out of 88 | 68th |
Major group Oil And Gas Extraction | 19 out of 48 | 60th |
Industry group Oil And Gas Field Services | 7 out of 17 | 59th |
Industry Drilling Oil and Gas Wells | 2 out of 3 | 33rd |
Pay ratio
| Philip A. Choyce's Pay | $1,110,236 |
|---|---|
| Median Employee's Pay | $79,677 |
| Pay Ratio | 14to 1 |
In 2023, the annual total compensation of Philip A. Choyce was $1,110,236.
The annual total compensation of the median employee at Independence Contract Drilling was $79,677.
The ratio of Philip A. Choyce's pay to the pay of median employee was therefore 14 to one.
Source: SEC filing on April 29, 2024.
Choyce's colleagues
We found two more compensation records of executives who worked with Philip A. Choyce at Independence Contract Drilling in 2023.