EMPIRE PETROLEUM CORP President Michael Morrisett's 2022 pay jumps 247% to $1.4M
EMPIRE PETROLEUM CORP reports 2022 executive compensation
By ExecPay News
Published: May 1, 2023
EMPIRE PETROLEUM CORP reported fiscal year 2022 executive compensation information on May 1, 2023.
In 2022, three executives at EMPIRE PETROLEUM CORP received on average a compensation package of $1.1M, a 166% increase compared to previous year.
Average pay of disclosed executives at EMPIRE PETROLEUM CORP
Michael R. Morrisett, President, received $1.4M in total, which increased by 247% compared to 2021. 39% of Morrisett's compensation, or $542K, was in stock awards. Morrisett also received $295K in bonus, $284K in option awards, $260K in salary, as well as $23K in other compensation.
Thomas W. Pritchard, Chief Executive Officer, received a compensation package of $1.4M, which increased by 255% compared to previous year. 39% of the compensation package, or $542K, was in stock awards.
Eugene J. Sweeney, Chief Operating Officer, earned $383K in 2022.
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Source: SEC filing on May 1, 2023.