Devon Energy Chairman J Nichols' 2010 pay rises 17% to $19M
Devon Energy reports 2010 executive compensation
By ExecPay News
Published: April 26, 2011
Devon Energy reported fiscal year 2010 executive compensation information on April 26, 2011.
In 2010, seven executives at Devon Energy received on average a compensation package of $8M, a 7% increase compared to previous year.
Average pay of disclosed executives at Devon Energy
J. Larry Nichols, Chairman, received $19M in total, which increased by 17% compared to 2009. 29% of Nichols' compensation, or $5.5M, was in option awards. Nichols also received $3M in bonus, $3.2M of change in pension value and nonqualified deferred compensation earnings, $1.4M in salary, $5.5M in stock awards, as well as $319K in other compensation.
John Richels, Chief Executive Officer, received a compensation package of $18M, which increased by 69% compared to previous year. 28% of the compensation package, or $5M, was in stock awards.
Darryl G. Smette, Executive Vice President, earned $5.5M in 2010, a 31% increase compared to previous year.
David A. Hager, Executive Vice President, received $4.7M in 2010, which decreases by 14% compared to 2009.
Jeffrey A. Agosta, Chief Financial Officer, earned $3.6M in 2010.
Lyndon C. Taylor, Executive Vice President, received $3.5M in 2010.
Danny J. Heatly, Chief Accounting Officer, earned $1.6M in 2010, a 33% decrease compared to previous year.
Related executives
John Richels
Devon Energy
Chief Executive Officer
Jeffrey Agosta
Devon Energy
Chief Financial Officer
David Hager
Devon Energy
Chief Executive Officer
Darryl Smette
Devon Energy
Executive Vice President Marketing, Facilities, Pipelines and Supply Chain
Lyndon Taylor
Devon Energy
Former Executive Vice President Chief Legal & Admin Officer
Danny Heatly
Devon Energy
Chief Accounting Officer
J Nichols
Devon Energy
Chairman
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Source: SEC filing on April 26, 2011.