Gulf Island Fabrication CEO Richard Heo's 2021 pay jumps 56% to $2.5M
Gulf Island Fabrication reports 2021 executive compensation
By ExecPay News
Published: April 13, 2022
Gulf Island Fabrication reported fiscal year 2021 executive compensation information on April 13, 2022.
In 2021, three executives at Gulf Island Fabrication received on average a compensation package of $1.5M, a 16% increase compared to previous year.
Average pay of disclosed executives at Gulf Island Fabrication
Richard W. Heo, Chief Executive Officer, received $2.5M in total, which increased by 56% compared to 2020. 47% of Heo's compensation, or $1.2M, was in stock awards. Heo also received $500K in bonus, $415K in non-equity incentive plan, as well as $394K in salary.
Westley S. Stockton, Chief Financial Officer, received a compensation package of $1.4M, which increased by 50% compared to previous year. 41% of the compensation package, or $585K, was in stock awards.
James L. Morvant, Senior Vice President, Fabrication & Services, earned $498K in 2021.
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Source: SEC filing on April 13, 2022.