RING ENERGY CEO Kelly Hoffman's 2018 pay falls 21% to $666.6K

RING ENERGY reports 2018 executive compensation

By ExecPay News

Published: November 13, 2019

RING ENERGY reported fiscal year 2018 executive compensation information on November 13, 2019.
In 2018, four executives at RING ENERGY received on average a compensation package of $515.7K, a 20% decrease compared to previous year.
Average pay of disclosed executives at RING ENERGY
Kelly Hoffman, Chief Executive Officer, received $666.6K in total, which decreased by 21% compared to 2017. 61.15% of Hoffman's compensation, or $407.6K, was in stock awards. Hoffman also received $235K in salary and $24K in other compensation.
For fiscal year 2018, the median employee pay was $98,913 at RING ENERGY. Therefore, the ratio of Kelly Hoffman's pay to the median employee pay was 7 to one.
David Fowler, President, received a compensation package of $489.8K, which decreased by 19% compared to previous year. 54.26% of the compensation package, or $265.8K, was in stock awards.
Daniel D. Wilson, Executive Vice President, earned $465.8K in 2018, a 19% decrease compared to previous year.
William R. Broaddrick, Chief Financial Officer, received $440.8K in 2018, which decreases by 20% compared to 2017.

Related executives

Kelly Hoffman

RING ENERGY

Chief Executive Officer

David Fowler

RING ENERGY

President

Daniel Wilson

RING ENERGY

Executive Vice President

William Broaddrick

RING ENERGY

Chief Financial Officer

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Source: SEC filing on November 13, 2019.