Gulf Island Fabrication CEO Richard Heo's 2023 pay slips 10% to $1.9M
Gulf Island Fabrication reports 2023 executive compensation
By ExecPay News
Published: April 11, 2024
Gulf Island Fabrication reported fiscal year 2023 executive compensation information on April 11, 2024.
In 2023, three executives at Gulf Island Fabrication received on average a compensation package of $1.1M, a 10% decrease compared to previous year.
Average pay of disclosed executives at Gulf Island Fabrication
Richard W. Heo, Chief Executive Officer, received $1.9M in total, which decreased by 10% compared to 2022. 37% of Heo's compensation, or $688K, was in stock awards. Heo also received $678K in non-equity incentive plan and $487K in salary.
Westley S. Stockton, Chief Financial Officer, received a compensation package of $1.1M, which decreased by 9% compared to previous year. 36% of the compensation package, or $381K, was in non-equity incentive plan.
James L. Morvant, Senior Vice President, Fabrication & Services, earned $482K in 2023, a 6% decrease compared to previous year.
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Source: SEC filing on April 11, 2024.