RGC Resources CEO Paul Nester's 2021 pay slips 2% to $977K
RGC Resources reports 2021 executive compensation
By ExecPay News
Published: December 1, 2023
RGC Resources reported fiscal year 2021 executive compensation information on December 1, 2023.
In 2021, five executives at RGC Resources received on average a compensation package of $603K, a 19% decrease compared to previous year.
Average pay of disclosed executives at RGC Resources
Paul W. Nester, Chief Executive Officer, received $977K in total, which decreased by 2% compared to 2020. 42% of Nester's compensation, or $406K, was in salary. Nester also received $29K of change in pension value and nonqualified deferred compensation earnings, $200K in non-equity incentive plan, $286K in stock awards, as well as $58K in other compensation.
For fiscal year 2021, the median employee pay was $93,531 at RGC Resources. Therefore, the ratio of Paul W. Nester's pay to the median employee pay was 10 to one.
C. James Shockley, Jr, Chief Operating Officer, received a compensation package of $545K. 42% of the compensation package, or $232K, was in salary.
Carl J. Shockley, Jr, Chief Operating Officer, earned $545K in 2021, a 28% decrease compared to previous year.
Robert L. Wells, II, Chief Investment Officer, received $516K in 2021, which decreases by 30% compared to 2020.
Lawrence T. Oliver, Secretary, earned $428K in 2021.
RGC Resources' fiscal year ends on September 30.
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Source: SEC filing on December 1, 2023.