Newpark Resources CEO Paul Howes' 2021 pay jumps 21% to $3.8M
Newpark Resources reports 2021 executive compensation
By ExecPay News
Published: April 8, 2022
Newpark Resources reported fiscal year 2021 executive compensation information on April 8, 2022.
In 2021, five executives at Newpark Resources received on average a compensation package of $1.8M, a 32% increase compared to previous year.
Average pay of disclosed executives at Newpark Resources
Paul L. Howes, Chief Executive Officer, received $3.8M in total, which increased by 21% compared to 2020. 38% of Howes' compensation, or $1.5M, was in stock awards. Howes also received $227K in bonus, $1.4M in non-equity incentive plan, $731K in salary, as well as $22K in other compensation.
For fiscal year 2021, the median employee pay was $51,514 at Newpark Resources. Therefore, the ratio of Paul L. Howes' pay to the median employee pay was 74 to one.
Matthew S. Lanigan, Chief Operating Officer, received a compensation package of $1.8M, which increased by 71% compared to previous year. 33% of the compensation package, or $582K, was in stock awards.
Gregg S. Piontek, Chief Financial Officer, earned $1.5M in 2021, a 27% increase compared to previous year.
E. Chipman Earle, Chief Administrative Officer, received $1.1M in 2021, which increases by 45% compared to 2020.
David A. Paterson, Vice President and President, Fluids Systems, earned $879K in 2021, a 19% increase compared to previous year.
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Source: SEC filing on April 8, 2022.