National Oilwell Varco CEO Merrill Miller's 2007 pay jumps 33% to $6.6M
National Oilwell Varco reports 2007 executive compensation
By ExecPay News
Published: April 4, 2008
National Oilwell Varco reported fiscal year 2007 executive compensation information on April 4, 2008.
In 2007, five executives at National Oilwell Varco received on average a compensation package of $3.2M, a 56% increase compared to previous year.
Average pay of disclosed executives at National Oilwell Varco
Merrill A Miller, Jr, Chief Executive Officer, received $6.6M in total, which increased by 33% compared to 2006. 45% of Miller's compensation, or $2.9M, was in stock awards. Miller also received $1.6M in non-equity incentive plan, $1.2M in option awards, $800K in salary, as well as $37K in other compensation.
Clay C. Williams, Chief Financial Officer, received a compensation package of $3.4M, which increased by 93% compared to previous year. 43% of the compensation package, or $1.5M, was in stock awards.
Mark A. Reese, Group President, earned $2.2M in 2007, a 51% increase compared to previous year.
Dwight W. Rettig, General Counsel, received $2.1M in 2007, which increases by 54% compared to 2006.
Haynes B. Smith, Group President, earned $1.7M in 2007, a 31% increase compared to previous year.
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Source: SEC filing on April 4, 2008.