Torchlight Energy Resources CTO Jonathan Waldern's 2022 pay jumps 926% to $4.3M
Torchlight Energy Resources reports 2022 executive compensation
By ExecPay News
Published: October 30, 2023
Torchlight Energy Resources reported fiscal year 2022 executive compensation information on October 30, 2023.
In 2022, three executives at Torchlight Energy Resources received on average a compensation package of $2.4M, a 274% increase compared to previous year.
Average pay of disclosed executives at Torchlight Energy Resources
Jonathan Waldern, Chief Technology Officer, received $4.3M in total, which increased by 926% compared to 2021. 85% of Waldern's compensation, or $3.7M, was in option awards. Waldern also received $200K in non-equity incentive plan, $250K in salary, as well as $200K in stock awards.
George Palikaras, Chief Executive Officer, received a compensation package of $2M, which increased by 106% compared to previous year. 40% of the compensation package, or $800K, was in option awards.
Kenneth Rice, Chief Financial Officer, earned $991K in 2022, a 79% increase compared to previous year.
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Source: SEC filing on October 30, 2023.