Nabors Industries CEO Anthony Petrello's 2020 pay jumps 25% to $18M
Nabors Industries reports 2020 executive compensation
By ExecPay News
Published: April 22, 2021
Nabors Industries reported fiscal year 2020 executive compensation information on April 22, 2021.
In 2020, three executives at Nabors Industries received on average a compensation package of $7.6M, a 25% increase compared to previous year.
Average pay of disclosed executives at Nabors Industries
Anthony G. Petrello, Chief Executive Officer, received $18M in total, which increased by 25% compared to 2019. 74% of Petrello's compensation, or $13M, was in stock awards. Petrello also received $254K of change in pension value and nonqualified deferred compensation earnings, $1.7M in non-equity incentive plan, $1.3M in salary, as well as $1.3M in other compensation.
William J. Restrepo, Chief Financial Officer, received a compensation package of $4.9M, which increased by 30% compared to previous year. 63% of the compensation package, or $3.1M, was in stock awards.
Mark D. Andrews, Secretary, earned $473K in 2020, a 1% increase compared to previous year.
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Source: SEC filing on April 22, 2021.