Helmerich & Payne CEO John Lindsay's 2020 pay slips 14% to $6.6M
Helmerich & Payne reports 2020 executive compensation
By ExecPay News
Published: January 19, 2021
Helmerich & Payne reported fiscal year 2020 executive compensation information on January 19, 2021.
In 2020, seven executives at Helmerich & Payne received on average a compensation package of $2.7M, a 22% decrease compared to previous year.
Average pay of disclosed executives at Helmerich & Payne
John W. Lindsay, Chief Executive Officer, received $6.6M in total, which decreased by 14% compared to 2019. 78% of Lindsay's compensation, or $5.2M, was in stock awards. Lindsay also received $72K of change in pension value and nonqualified deferred compensation earnings, $1M in salary, as well as $391K in other compensation.
For fiscal year 2020, the median employee pay was $102,231 at Helmerich & Payne. Therefore, the ratio of John W. Lindsay's pay to the median employee pay was 65 to one.
Robert L. Stauder, Former Senior Vice President and Chief Engineer, Drilling Subsidiary, received a compensation package of $2.9M, which increased by 7% compared to previous year. 54% of the compensation package, or $1.6M, was in stock awards.
Mark W. Smith, Chief Financial Officer, earned $2.2M in 2020, a 11% decrease compared to previous year.
Wade W. Clark, Former Vice President, US Land, Drilling Subsidiary, received $1.9M in 2020.
Cara M. Hair, Senior Vice President, Corporate Services and Chief Legal and Compliance Officer, earned $1.8M in 2020, a 12% decrease compared to previous year.
John R. Bell, Senior Vice President, International and Offshore Operations, Drilling Subsidiary, received $1.7M in 2020, which decreases by 19% compared to 2019.
Michael P. Lennox, Senior Vice President, US Land Operations, Drilling Subsidiary, earned $1.5M in 2020.
Helmerich & Payne's fiscal year ends on September 30.
Related executives
John Lindsay
Helmerich & Payne
Chief Executive Officer
Mark Smith
Helmerich & Payne
Chief Financial Officer
Cara Hair
Helmerich & Payne
Senior Vice President, Corporate Services and Chief Legal and Compliance Officer
John Bell
Helmerich & Payne
Senior Vice President, International and Offshore Operations, Drilling Subsidiary
Michael Lennox
Helmerich & Payne
Senior Vice President, US Land Operations, Drilling Subsidiary
Robert Stauder
Helmerich & Payne
Former Senior Vice President and Chief Engineer, Drilling Subsidiary
Wade Clark
Helmerich & Payne
Former Vice President, US Land, Drilling Subsidiary
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Source: SEC filing on January 19, 2021.