Independence Contract Drilling CEO J Gallegos' 2023 pay falls 66% to $2M
Independence Contract Drilling reports 2023 executive compensation
By ExecPay News
Published: April 29, 2024
Independence Contract Drilling reported fiscal year 2023 executive compensation information on April 29, 2024.
In 2023, three executives at Independence Contract Drilling received on average a compensation package of $1.3M, a 63% decrease compared to previous year.
Average pay of disclosed executives at Independence Contract Drilling
J. Anthony Gallegos, Jr, Chief Executive Officer, received $2M in total, which decreased by 66% compared to 2022. 51% of Gallegos' compensation, or $1M, was in stock awards. Gallegos also received $383K in non-equity incentive plan, $552K in salary, as well as $26K in other compensation.
For fiscal year 2023, the median employee pay was $79,677 at Independence Contract Drilling. Therefore, the ratio of J. Anthony Gallegos, Jr's pay to the median employee pay was 25 to one.
Philip A. Choyce, Chief Financial Officer, received a compensation package of $1.1M, which decreased by 57% compared to previous year. 40% of the compensation package, or $445K, was in stock awards.
Scott A. Keller, Senior Vice President Business Development, earned $733K in 2023, a 58% decrease compared to previous year.
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Source: SEC filing on April 29, 2024.