RPC CEO Richard Hubbell's 2020 pay falls 30% to $1.3M
RPC reports 2020 executive compensation
By ExecPay News
Published: March 15, 2021
RPC reported fiscal year 2020 executive compensation information on March 15, 2021.
In 2020, three RPC executives received on average a compensation package of $971K, a 37% decrease compared to previous year.
Average pay of disclosed executives at RPC
Richard A. Hubbell, Chief Executive Officer, received $1.3M in total, which decreased by 30% compared to 2019. 62% of Hubbell's compensation, or $792K, was in salary. Hubbell also received $7.3K of change in pension value and nonqualified deferred compensation earnings, $459K in stock awards, as well as $18K in other compensation.
For fiscal year 2020, the median employee pay was $77,508 at RPC. Therefore, the ratio of Richard A. Hubbell's pay to the median employee pay was 16 to one.
R. Randall Rollins, Chairman, received a compensation package of $931K, which decreased by 45% compared to previous year. 51% of the compensation package, or $472K, was in salary.
Ben M. Palmer, Chief Financial Officer, earned $706K in 2020, a 34% decrease compared to previous year.
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Source: SEC filing on March 15, 2021.