J. Larry Nichols
2007
In 2007, J. Larry Nichols earned a total compensation of $18.2M as Chairman of the Board and Chief Executive Officer at Devon Energy, a 41% increase compared to previous year.
Compensation breakdown
| Bonus | $2,600,600 |
|---|---|
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $2,425,191 |
| Option Awards | $6,519,791 |
| Salary | $1,200,000 |
| Stock Awards | $5,215,275 |
| Other | $247,063 |
| Total | $18,207,920 |
Nichols received $6.5M in option awards, accounting for 36% of the total pay in 2007.
Nichols also received $2.6M in bonus, $2.4M of change in pension value and nonqualified deferred compensation earnings, $1.2M in salary, $5.2M in stock awards and $247.1K in other compensation.
Rankings
In 2007, J. Larry Nichols' compensation ranked 93rd out of 8,700 executives tracked by ExecPay. In other words, Nichols earned more than 98.9% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 93 out of 8,700 | 99th |
Division Mining | 8 out of 390 | 98th |
Major group Oil And Gas Extraction | 6 out of 286 | 98th |
Industry group Crude Petroleum And Natural Gas | 4 out of 185 | 98th |
Industry Crude Petroleum and Natural Gas | 4 out of 185 | 98th |
Source: SEC filing on April 28, 2008.
Nichols' colleagues
We found four more compensation records of executives who worked with J. Larry Nichols at Devon Energy in 2007.