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.
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.