Nabors Industries CEO Anthony Petrello's 2019 pay slips 5% to $14M
Nabors Industries reports 2019 executive compensation
By ExecPay News
Published: April 23, 2020
Nabors Industries reported fiscal year 2019 executive compensation information on April 23, 2020.
In 2019, three executives at Nabors Industries received on average a compensation package of $6.1M, a 4% decrease compared to previous year.
Average pay of disclosed executives at Nabors Industries
Anthony G. Petrello, Chief Executive Officer, received $14M in total, which decreased by 5% compared to 2018. 65% of Petrello's compensation, or $9.2M, was in stock awards. Petrello also received $226K of change in pension value and nonqualified deferred compensation earnings, $1.6M in non-equity incentive plan, $1.6M in salary, as well as $1.5M in other compensation.
William J. Restrepo, Chief Financial Officer, received a compensation package of $3.8M, which decreased by 3% compared to previous year. 54% of the compensation package, or $2M, was in stock awards.
Mark D. Andrews, Secretary, earned $470K in 2019, a 7% increase compared to previous year.
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Source: SEC filing on April 23, 2020.