Gulf Island Fabrication CEO Richard Heo's 2022 pay slips 17% to $2.1M
Gulf Island Fabrication reports 2022 executive compensation
By ExecPay News
Published: April 14, 2023
Gulf Island Fabrication reported fiscal year 2022 executive compensation information on April 14, 2023.
In 2022, three executives at Gulf Island Fabrication received on average a compensation package of $1.3M, a 15% decrease compared to previous year.
Average pay of disclosed executives at Gulf Island Fabrication
Richard W. Heo, Chief Executive Officer, received $2.1M in total, which decreased by 17% compared to 2021. 43% of Heo's compensation, or $886K, was in stock awards. Heo also received $714K in non-equity incentive plan and $469K in salary.
Westley S. Stockton, Chief Financial Officer, received a compensation package of $1.2M, which decreased by 18% compared to previous year. 38% of the compensation package, or $443K, was in stock awards.
James L. Morvant, Senior Vice President, Fabrication & Services, earned $512K in 2022, a 3% increase compared to previous year.
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Source: SEC filing on April 14, 2023.