Ovintiv CEO Doug Suttles' 2020 pay slips 11% to $11M
Ovintiv reports 2020 executive compensation
By ExecPay News
Published: March 12, 2021
Ovintiv reported fiscal year 2020 executive compensation information on March 12, 2021.
In 2020, seven Ovintiv executives received on average a compensation package of $3.8M, a 9% decrease compared to previous year.
Average pay of disclosed executives at Ovintiv
Doug Suttles, Chief Executive Officer, received $11M in total, which decreased by 11% compared to 2019. 76% of Suttles' compensation, or $8.5M, was in stock awards. Suttles also received $1.3M in non-equity incentive plan, $1.1M in salary, as well as $277K in other compensation.
For fiscal year 2020, the median employee pay was $146,489 at Ovintiv. Therefore, the ratio of Doug Suttles' pay to the median employee pay was 76 to one.
David Hill, Former Executive Vice, President, Land & Exploration, received a compensation package of $3.3M, which increased by 27% compared to previous year. 45% of the compensation package, or $1.5M, was in stock awards.
Mike McAllister, Former President, earned $3.2M in 2020, a 38% decrease compared to previous year.
Renee Zemljak, Executive Vice, President, Midstream, Marketing & Fundamentals, received $2.4M in 2020, which decreases by 9% compared to 2019.
Greg Givens, Chief Operating Officer, earned $2.4M in 2020, a 16% increase compared to previous year.
Brendan McCracken, President, received $2M in 2020, which increases by 38% compared to 2019.
Corey Code, Chief Financial Officer, earned $1.8M in 2020, which is about the same as previous year.
Related executives
Doug Suttles
Ovintiv
Chief Executive Officer
Corey Code
Ovintiv
Chief Financial Officer
Brendan McCracken
Ovintiv
Chief Executive Officer
Greg Givens
Ovintiv
Chief Operating Officer
Renee Zemljak
Ovintiv
Executive Vice President, Midstream, Marketing & Fundamentals
Mike McAllister
Ovintiv
Former President
David Hill
Ovintiv
Former Executive Vice, President, Land & Exploration
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Source: SEC filing on March 12, 2021.