Patterson-UTI Energy CEO William Hendricks' 2018 pay falls 31% to $9.8M
Patterson-UTI Energy reports 2018 executive compensation
By ExecPay News
Published: April 12, 2019
Patterson-UTI Energy reported fiscal year 2018 executive compensation information on April 12, 2019.
In 2018, six executives at Patterson-UTI Energy received on average a compensation package of $4.8M, a 29% decrease compared to previous year.
Average pay of disclosed executives at Patterson-UTI Energy
William Andrew Hendricks, Jr, Chief Executive Officer, received $9.8M in total, which decreased by 31% compared to 2017. 78% of Hendricks' compensation, or $7.7M, was in stock awards. Hendricks also received $1.1M in non-equity incentive plan, $1M in salary, as well as $11K in other compensation.
Mark S. Siegel, Chairman, received a compensation package of $7.3M, which decreased by 43% compared to previous year. 84% of the compensation package, or $6.1M, was in stock awards.
Kenneth N. Berns, Executive Vice President Chief Commercial Officer, earned $3.8M in 2018, a 37% decrease compared to previous year.
C. Andrew Smith, Chief Financial Officer, received $2.8M in 2018, which decreases by 6% compared to 2017.
James M. Holcomb, President — Patterson-UTI Drilling Company LLC, earned $2.6M in 2018, a 19% decrease compared to previous year.
Seth D. Wexler, General Counsel, received $2.3M in 2018, which decreases by 27% compared to 2017.
Related executives
William Hendricks
Patterson-UTI Energy
Chief Executive Officer
C Smith
Patterson-UTI Energy
Chief Financial Officer
Mark Siegel
Patterson-UTI Energy
Chairman
Kenneth Berns
Patterson-UTI Energy
Executive Vice President Chief Commercial Officer
James Holcomb
Patterson-UTI Energy
President — Patterson-UTI Drilling Company LLC
Seth Wexler
Patterson-UTI Energy
General Counsel
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Source: SEC filing on April 12, 2019.