Overseas Shipholding Group CEO Samuel Norton's 2018 pay jumps 117% to $3.3M
Overseas Shipholding Group reports 2018 executive compensation
By ExecPay News
Published: April 16, 2019
Overseas Shipholding Group reported fiscal year 2018 executive compensation information on April 16, 2019.
In 2018, five executives at Overseas Shipholding Group received on average a compensation package of $1.2M, a 104% increase compared to previous year.
Average pay of disclosed executives at Overseas Shipholding Group
Samuel H. Norton, Chief Executive Officer, received $3.3M in total, which increased by 117% compared to 2017. 41% of Norton's compensation, or $1.4M, was in stock awards. Norton also received $921K in non-equity incentive plan, $625K in option awards, $395K in salary, as well as $18K in other compensation.
For fiscal year 2018, the median employee pay was $77,284 at Overseas Shipholding Group. Therefore, the ratio of Samuel H. Norton's pay to the median employee pay was 43 to one.
Richard Trueblood, Chief Financial Officer, received a compensation package of $854K, which increased by 311% compared to previous year. 54% of the compensation package, or $459K, was in non-equity incentive plan.
Damon M. Mote, Chief Administrative Officer, earned $744K in 2018, a 58% increase compared to previous year.
Patrick J. O'Halloran, Vice President and Chief Operations Officer, received $742K in 2018, which increases by 57% compared to 2017.
Susan Allan, General Counsel, earned $575K in 2018, a 43% increase compared to previous year.
Related executives
Samuel Norton
Overseas Shipholding Group
Chief Executive Officer
Richard Trueblood
Overseas Shipholding Group
Chief Financial Officer
Patrick O'Halloran
Overseas Shipholding Group
Chief Operating Officer
Damon Mote
Overseas Shipholding Group
Chief Administrative Officer
Susan Allan
Overseas Shipholding Group
General Counsel
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Source: SEC filing on April 16, 2019.