Transocean CEO Jeremy Thigpen's 2019 pay rises 16% to $9.9M
Transocean reports 2019 executive compensation
By ExecPay News
Published: March 30, 2020
Transocean reported fiscal year 2019 executive compensation information on March 30, 2020.
In 2019, five Transocean executives received on average a compensation package of $4.9M, a 20% increase compared to previous year.
Average pay of disclosed executives at Transocean
Jeremy D. Thigpen, Chief Executive Officer, received $9.9M in total, which increased by 16% compared to 2018. 52% of Thigpen's compensation, or $5.2M, was in stock awards. Thigpen also received $1.8M in non-equity incentive plan, $1.8M in option awards, $1M in salary, as well as $216K in other compensation.
For fiscal year 2019, the median employee pay was $129,485 at Transocean. Therefore, the ratio of Jeremy D. Thigpen's pay to the median employee pay was 77 to one.
Mark Mey, Chief Financial Officer, received a compensation package of $4.5M, which increased by 16% compared to previous year. 44% of the compensation package, or $2M, was in stock awards.
Howard Davis, Executive Vice President and Chief Administrative and Information Officer, earned $3.4M in 2019, a 15% increase compared to previous year.
Keelan I. Adamson, Executive Vice President and Chief Operations Officer, received $3.4M in 2019, which increases by 57% compared to 2018.
Brady Long, General Counsel, earned $3.2M in 2019, a 16% increase compared to previous year.
Related executives
Jeremy Thigpen
Transocean
Chief Executive Officer
Mark Mey
Transocean
Chief Financial Officer
Keelan Adamson
Transocean
Executive Vice President and Chief Operations Officer
Howard Davis
Transocean
Executive Vice President and Chief Administrative and Information Officer
Brady Long
Transocean
General Counsel
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Source: SEC filing on March 30, 2020.