ONEOK CEO Terry Spencer's 2018 pay jumps 27% to $7.1M
ONEOK reports 2018 executive compensation
By ExecPay News
Published: April 4, 2019
ONEOK reported fiscal year 2018 executive compensation information on April 4, 2019.
In 2018, five ONEOK executives received on average a compensation package of $3.4M, a 46% increase compared to previous year.
Average pay of disclosed executives at ONEOK
Terry K. Spencer, Chief Executive Officer, received $7.1M in total, which increased by 27% compared to 2017. 61% of Spencer's compensation, or $4.3M, was in stock awards. Spencer also received $135K of change in pension value and nonqualified deferred compensation earnings, $1.7M in non-equity incentive plan, $800K in salary, as well as $117K in other compensation.
For fiscal year 2018, the median employee pay was $130,481 at ONEOK. Therefore, the ratio of Terry K. Spencer's pay to the median employee pay was 54 to one.
Walter S. Hulse III, Chief Financial Officer, received a compensation package of $2.8M, which increased by 54% compared to previous year. 53% of the compensation package, or $1.5M, was in stock awards.
Kevin L. Burdick, Chief Operating Officer, earned $2.7M in 2018, a 64% increase compared to previous year.
Robert F. Martinovich, Chief Administrative Officer, received $2.1M in 2018, which increases by 15% compared to 2017.
Sheridan C. Swords, Senior Vice-President, Natural Gas Liquids, earned $2M in 2018, a 17% increase compared to previous year.
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Source: SEC filing on April 4, 2019.