ONEOK CEO Terry Spencer's 2019 pay jumps 54% to $11M
ONEOK reports 2019 executive compensation
By ExecPay News
Published: April 3, 2020
ONEOK reported fiscal year 2019 executive compensation information on April 3, 2020.
In 2019, five ONEOK executives received on average a compensation package of $4.1M, a 23% increase compared to previous year.
Average pay of disclosed executives at ONEOK
Terry K. Spencer, Chief Executive Officer, received $11M in total, which increased by 54% compared to 2018. 47% of Spencer's compensation, or $5.1M, was in stock awards. Spencer also received $3.3M of change in pension value and nonqualified deferred compensation earnings, $1.5M in non-equity incentive plan, $825K in salary, as well as $206K in other compensation.
For fiscal year 2019, the median employee pay was $136,080 at ONEOK. Therefore, the ratio of Terry K. Spencer's pay to the median employee pay was 80 to one.
Walter S. Hulse III, Chief Financial Officer, received a compensation package of $2.7M, which decreased by 6% compared to previous year. 53% of the compensation package, or $1.4M, was in stock awards.
Kevin L. Burdick, Chief Operating Officer, earned $2.7M in 2019, a 2% decrease compared to previous year.
Sheridan C. Swords, Senior Vice-President, Natural Gas Liquids, received $2.4M in 2019, which increases by 17% compared to 2018.
Robert F. Martinovich, Chief Administrative Officer, earned $2M in 2019, a 4% decrease compared to previous year.
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Source: SEC filing on April 3, 2020.