Approach Resources CEO J Craft's 2018 pay slips 11% to $2.1M
Approach Resources reports 2018 executive compensation
By ExecPay News
Published: May 21, 2019
Approach Resources reported fiscal year 2018 executive compensation information on May 21, 2019.
In 2018, four executives at Approach Resources received on average a compensation package of $1.5M, a 6% decrease compared to previous year.
Average pay of disclosed executives at Approach Resources
J. Ross Craft, Chief Executive Officer, received $2.1M in total, which decreased by 11% compared to 2017. 60% of Craft's compensation, or $1.3M, was in stock awards. Craft also received $254K in non-equity incentive plan, $577K in salary, as well as $23K in other compensation.
For fiscal year 2018, the median employee pay was $86,698 at Approach Resources. Therefore, the ratio of J. Ross Craft's pay to the median employee pay was 24 to one.
Qingming Yang, Chief Operating Officer, received a compensation package of $1.4M, which decreased by 3% compared to previous year. 54% of the compensation package, or $761K, was in stock awards.
Sergei Krylov, Chief Financial Officer, earned $1.3M in 2018, a 1% decrease compared to previous year.
J. Curtis Henderson, Chief Administrative Officer, received $1.2M in 2018, which decreases by 4% compared to 2017.
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Source: SEC filing on May 21, 2019.