RGC RESOURCES reports 2018 executive compensation

CEO John S. D'Orazio receives $801K

RGC RESOURCES reported fiscal year 2018 executive compensation information on December 6, 2018.

In 2018, four executives at RGC RESOURCES received on average a compensation package of $520,669, a 3% decrease compared to previous year.

Average pay of disclosed executives at RGC RESOURCES

John S. D'Orazio, Chief Executive Officer, received $801,014 in total, which decreased by 2% compared to 2017. 52.19% of D'Orazio's compensation, or $418,070, was in salary. D'Orazio also received $29,429 of change in pension value and nonqualified deferred compensation earnings, $161,208 in non-equity incentive plan, $151,406 in stock awards, as well as $40,901 in other compensation.

Paul W. Nester, Chief Financial Officer, received a compensation package of $482,437, which increased by 9% compared to previous year. 52.53% of the compensation package, or $253,417, was in salary.

Carl J. Shockley, Jr, VP - Operations, Roanoke Gas Co, earned $419,730 in 2018, a 18% decrease compared to previous year.

Robert L. Wells, II, VP, Information Technology, received $379,493 in 2018, which increases by 2% compared to 2017.

RGC RESOURCES' fiscal year ends on September 30.