Patterson-UTI Energy CEO William Hendricks' 2019 pay slips 9% to $8.8M
Patterson-UTI Energy reports 2019 executive compensation
By ExecPay News
Published: April 10, 2020
Patterson-UTI Energy reported fiscal year 2019 executive compensation information on April 10, 2020.
In 2019, five executives at Patterson-UTI Energy received on average a compensation package of $4.2M, a 11% decrease compared to previous year.
Average pay of disclosed executives at Patterson-UTI Energy
William Andrew Hendricks, Jr, Chief Executive Officer, received $8.8M in total, which decreased by 9% compared to 2018. 74% of Hendricks' compensation, or $6.6M, was in stock awards. Hendricks also received $1.3M in non-equity incentive plan, $1M in salary, as well as $11K in other compensation.
Kenneth N. Berns, Executive Vice President Chief Commercial Officer, received a compensation package of $3.5M, which decreased by 8% compared to previous year. 71% of the compensation package, or $2.5M, was in stock awards.
Mark S. Siegel, Chairman, earned $3.5M in 2019, a 52% decrease compared to previous year.
C. Andrew Smith, Chief Financial Officer, received $3.2M in 2019, which increases by 13% compared to 2018.
Seth D. Wexler, General Counsel, earned $2.2M in 2019, a 2% decrease compared to previous year.
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Source: SEC filing on April 10, 2020.