California Resources CEO Todd Stevens' 2019 pay jumps 36% to $10M
California Resources reports 2019 executive compensation
By ExecPay News
Published: March 24, 2020
California Resources reported fiscal year 2019 executive compensation information on March 24, 2020.
In 2019, five executives at California Resources received on average a compensation package of $4.8M, a 36% increase compared to previous year.
Average pay of disclosed executives at California Resources
Todd A. Stevens, Chief Executive Officer, received $10M in total, which increased by 36% compared to 2018. 46% of Stevens' compensation, or $4.9M, was in stock awards. Stevens also received $35K of change in pension value and nonqualified deferred compensation earnings, $3.8M in non-equity incentive plan, $540K in option awards, $875K in salary, as well as $431K in other compensation.
For fiscal year 2019, the median employee pay was $154,051 at California Resources. Therefore, the ratio of Todd A. Stevens' pay to the median employee pay was 68 to one.
Marshall D. Smith, Chief Financial Officer, received a compensation package of $5M, which increased by 39% compared to previous year. 42% of the compensation package, or $2.1M, was in non-equity incentive plan.
Charles F. Weiss, Executive Vice President Public Affairs, earned $3M in 2019, a 38% increase compared to previous year.
Darren Williams, Executive Vice President Operations and Geoscience, received $3M in 2019, which increases by 34% compared to 2018.
Michael L. Preston, Chief Administrative Officer, earned $2.8M in 2019.
Related executives
Todd Stevens
California Resources
Chief Executive Officer
Marshall Smith
California Resources
Chief Financial Officer
Darren Williams
California Resources
Executive Vice President Operations and Geoscience
Charles Weiss
California Resources
Executive Vice President Public Affairs
Michael Preston
California Resources
Chief Administrative Officer
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Source: SEC filing on March 24, 2020.