EMPIRE PETROLEUM CORP CFO Stephen Faulkner receives $692K in 2023
EMPIRE PETROLEUM CORP reports 2023 executive compensation
By ExecPay News
Published: April 29, 2024
EMPIRE PETROLEUM CORP reported fiscal year 2023 executive compensation information on April 29, 2024.
In 2023, four executives at EMPIRE PETROLEUM CORP received on average a compensation package of $484K, a 54% decrease compared to previous year.
Average pay of disclosed executives at EMPIRE PETROLEUM CORP
Stephen L. Faulkner, Jr, Chief Financial Officer, received $692K in total. 48% of Faulkner's compensation, or $332K, was in stock awards. Faulkner also received $120K in bonus and $240K in salary.
Michael R. Morrisett, Chief Executive Officer, received a compensation package of $542K, which decreased by 61% compared to previous year. 48% of the compensation package, or $260K, was in bonus.
Thomas W. Pritchard, Chief Executive Officer, earned $421K in 2023, a 70% decrease compared to previous year.
Eugene J. Sweeney, Chief Operating Officer, received $280K in 2023, which decreases by 27% compared to 2022.
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Source: SEC filing on April 29, 2024.