RPC CEO Richard Hubbell's 2019 pay jumps 55% to $1.8M
RPC reports 2019 executive compensation
By ExecPay News
Published: March 17, 2020
RPC reported fiscal year 2019 executive compensation information on March 17, 2020.
In 2019, three RPC executives received on average a compensation package of $1.5M, a 28% decrease compared to previous year.
Average pay of disclosed executives at RPC
Richard A. Hubbell, Chief Executive Officer, received $1.8M in total, which decreased by 29% compared to 2018. 52% of Hubbell's compensation, or $950K, was in salary. Hubbell also received $7.6K of change in pension value and nonqualified deferred compensation earnings, $854K in stock awards, as well as $19K in other compensation.
For fiscal year 2019, the median employee pay was $89,330 at RPC. Therefore, the ratio of Richard A. Hubbell's pay to the median employee pay was 20 to one.
R. Randall Rollins, Chairman, received a compensation package of $1.7M, which decreased by 29% compared to previous year. 50% of the compensation package, or $854K, was in stock awards.
Ben M. Palmer, Chief Financial Officer, earned $1.1M in 2019, a 26% decrease compared to previous year.
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Source: SEC filing on March 17, 2020.