NEXTIER OILFIELD SOLUTIONS Chairman James Stewart's 2019 pay jumps 114% to $7.6M
NEXTIER OILFIELD SOLUTIONS reports 2019 executive compensation
By ExecPay News
Published: April 28, 2020
NEXTIER OILFIELD SOLUTIONS reported fiscal year 2019 executive compensation information on April 28, 2020.
In 2019, seven executives at NEXTIER OILFIELD SOLUTIONS received on average a compensation package of $4.1M, a 1% increase compared to previous year.
Average pay of disclosed executives at NEXTIER OILFIELD SOLUTIONS
James C. Stewart, Chairman, received $7.6M in total, which increased by 19% compared to 2018. 67% of Stewart's compensation, or $5.1M, was in stock awards. Stewart also received $1.5M in non-equity incentive plan, $959K in salary, as well as $28K in other compensation.
For fiscal year 2019, the median employee pay was $115,735 at NEXTIER OILFIELD SOLUTIONS. Therefore, the ratio of James C. Stewart's pay to the median employee pay was 65 to one.
Gregory L. Powell, Executive President and Chief Integration Officer, received a compensation package of $6.1M, which increased by 24% compared to previous year. 65% of the compensation package, or $4M, was in stock awards.
Robert W. Drummond, Chief Executive Officer, earned $6M in 2019, a 22% decrease compared to previous year.
Jan Kees van Gaalen, Chief Financial Officer, received $4.3M in 2019.
Kevin M. McDonald, Chief Administrative Officer, earned $2.4M in 2019, a 14% increase compared to previous year.
Ian J. Henkes, Senior Vice President - Operations, received $1.4M in 2019, which decreases by 4% compared to 2018.
Kenneth Pucheu, Chief Financial Officer, earned $967K in 2019.
Related executives
Robert Drummond
NEXTIER OILFIELD SOLUTIONS
Chief Executive Officer
Kenneth Pucheu
NEXTIER OILFIELD SOLUTIONS
Chief Financial Officer
Gregory Powell
NEXTIER OILFIELD SOLUTIONS
Executive Vice President and Chief Integration Officer
Kevin McDonald
NEXTIER OILFIELD SOLUTIONS
Chief Administrative Officer
Ian Henkes
NEXTIER OILFIELD SOLUTIONS
Senior Vice President, Operations
James Stewart
NEXTIER OILFIELD SOLUTIONS
Chairman
Jan van Gaalen
NEXTIER OILFIELD SOLUTIONS
Chief Financial Officer
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Source: SEC filing on April 28, 2020.