NORTHERN OIL & GAS CEO Nicholas O'Grady's 2021 pay jumps 88% to $2.6M
NORTHERN OIL & GAS reports 2021 executive compensation
By ExecPay News
Published: April 13, 2022
NORTHERN OIL & GAS reported fiscal year 2021 executive compensation information on April 13, 2022.
In 2021, five executives at NORTHERN OIL & GAS received on average a compensation package of $1.4M, a 67% increase compared to previous year.
Average pay of disclosed executives at NORTHERN OIL & GAS
Nicholas O'Grady, Chief Executive Officer, received $2.6M in total, which increased by 88% compared to 2020. 55% of O'Grady's compensation, or $1.4M, was in stock awards. O'Grady also received $590K in bonus, $515K in salary, as well as $64K in other compensation.
For fiscal year 2021, the median employee pay was $197,638 at NORTHERN OIL & GAS. Therefore, the ratio of Nicholas O'Grady's pay to the median employee pay was 13 to one.
Erik Romslo, Chief Legal Officer, received a compensation package of $1.3M, which increased by 62% compared to previous year. 36% of the compensation package, or $480K, was in stock awards.
Adam Dirlam, President, earned $1.2M in 2021, a 69% increase compared to previous year.
Mike Kelly, Chief Strategy Officer, received $1M in 2021, which increases by 38% compared to 2020.
Chad Allen, Chief Financial Officer, earned $1M in 2021, a 59% increase compared to previous year.
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Source: SEC filing on April 13, 2022.