ProPetro Holding Corp. CEO Dale Redman's 2018 pay falls 34% to $5.5M
ProPetro Holding Corp. reports 2018 executive compensation
By ExecPay News
Published: September 8, 2020
ProPetro Holding Corp. reported fiscal year 2018 executive compensation information on September 8, 2020.
In 2018, six executives at ProPetro Holding Corp. received on average a compensation package of $2.6M, a 36% decrease compared to previous year.
Average pay of disclosed executives at ProPetro Holding Corp.
Dale Redman, Chief Executive Officer, received $5.5M in total, which decreased by 34% compared to 2017. 61% of Redman's compensation, or $3.4M, was in stock awards. Redman also received $1.4M in non-equity incentive plan, $685K in salary, as well as $19K in other compensation.
For fiscal year 2018, the median employee pay was $90,148 at ProPetro Holding Corp.. Therefore, the ratio of Dale Redman's pay to the median employee pay was 61 to one.
Jeffrey D. Smith, Chief Administrative Officer, received a compensation package of $2.6M, which decreased by 47% compared to previous year. 51% of the compensation package, or $1.3M, was in stock awards.
Jeffrey Smith, Chief Financial Officer, earned $2.6M in 2018, a 47% decrease compared to previous year.
David Sledge, Chief Operating Officer, received $2.5M in 2018, which decreases by 45% compared to 2017.
Mark Howell, General Counsel, earned $1.5M in 2018, a 64% increase compared to previous year.
Ian Denholm, Chief Accounting Officer, received $835K in 2018, which increases by 40% compared to 2017.
Related executives
Jeffrey Smith
ProPetro Holding Corp.
Chief Administrative Officer
Dale Redman
ProPetro Holding Corp.
Chief Executive Officer
Jeffrey Smith
ProPetro Holding Corp.
Chief Financial Officer
David Sledge
ProPetro Holding Corp.
Chief Operating Officer
Ian Denholm
ProPetro Holding Corp.
Chief Accounting Officer
Mark Howell
ProPetro Holding Corp.
General Counsel
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Source: SEC filing on September 8, 2020.