Helmerich & Payne CEO John Lindsay's 2021 pay jumps 27% to $8.5M
Helmerich & Payne reports 2021 executive compensation
By ExecPay News
Published: January 18, 2022
Helmerich & Payne reported fiscal year 2021 executive compensation information on January 18, 2022.
In 2021, five executives at Helmerich & Payne received on average a compensation package of $3.6M, a 36% increase compared to previous year.
Average pay of disclosed executives at Helmerich & Payne
John W. Lindsay, Chief Executive Officer, received $8.5M in total, which increased by 27% compared to 2020. 63% of Lindsay's compensation, or $5.3M, was in stock awards. Lindsay also received $12K of change in pension value and nonqualified deferred compensation earnings, $1.8M in non-equity incentive plan, $1M in salary, as well as $360K in other compensation.
For fiscal year 2021, the median employee pay was $86,986 at Helmerich & Payne. Therefore, the ratio of John W. Lindsay's pay to the median employee pay was 97 to one.
Mark W. Smith, Chief Financial Officer, received a compensation package of $3M, which increased by 36% compared to previous year. 55% of the compensation package, or $1.6M, was in stock awards.
Cara M. Hair, Senior Vice President, Corporate Services and Chief Legal and Compliance Officer, earned $2.5M in 2021, a 36% increase compared to previous year.
John R. Bell, Senior Vice President, International and Offshore Operations, Drilling Subsidiary, received $2.2M in 2021, which increases by 34% compared to 2020.
Michael P. Lennox, Senior Vice President, US Land Operations, Drilling Subsidiary, earned $2M in 2021, a 29% increase compared to previous year.
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
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Source: SEC filing on January 18, 2022.