Ovintiv CEO Doug Suttles' 2021 pay rises 8% to $12M
Ovintiv reports 2021 executive compensation
By ExecPay News
Published: March 23, 2022
Ovintiv reported fiscal year 2021 executive compensation information on March 23, 2022.
In 2021, six Ovintiv executives received on average a compensation package of $5M, a 34% increase compared to previous year.
Average pay of disclosed executives at Ovintiv
Doug Suttles, Chief Executive Officer, received $12M in total, which increased by 8% compared to 2020. 78% of Suttles' compensation, or $9.5M, was in stock awards. Suttles also received $1.5M in non-equity incentive plan, $683K in salary, as well as $394K in other compensation.
For fiscal year 2021, the median employee pay was $171,140 at Ovintiv. Therefore, the ratio of Doug Suttles' pay to the median employee pay was 71 to one.
Brendan McCracken, Chief Executive Officer, received a compensation package of $8.6M, which increased by 331% compared to previous year. 70% of the compensation package, or $6M, was in stock awards.
Greg Givens, Chief Operating Officer, earned $2.8M in 2021, a 17% increase compared to previous year.
Renee Zemljak, Executive Vice President, Midstream, Marketing & Fundamentals, received $2.7M in 2021, which increases by 12% compared to 2020.
Corey Code, Chief Financial Officer, earned $2.2M in 2021, a 26% increase compared to previous year.
Joanne Cox, General Counsel, received $1.6M in 2021.
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Source: SEC filing on March 23, 2022.