SILVERBOW RESOURCES CEO Sean Woolverton's 2019 pay falls 55% to $1.8M
SILVERBOW RESOURCES reports 2019 executive compensation
By ExecPay News
Published: April 6, 2020
SILVERBOW RESOURCES reported fiscal year 2019 executive compensation information on April 6, 2020.
In 2019, four executives at SILVERBOW RESOURCES received on average a compensation package of $1.2M, a 51% decrease compared to previous year.
Average pay of disclosed executives at SILVERBOW RESOURCES
Sean C. Woolverton, Chief Executive Officer, received $1.8M in total, which decreased by 55% compared to 2018. 33% of Woolverton's compensation, or $599K, was in stock awards. Woolverton also received $590K in non-equity incentive plan, $584K in salary, as well as $19K in other compensation.
For fiscal year 2019, the median employee pay was $140,788 at SILVERBOW RESOURCES. Therefore, the ratio of Sean C. Woolverton's pay to the median employee pay was 13 to one.
G. Gleeson Van Riet, Chief Financial Officer, received a compensation package of $1.2M, which decreased by 36% compared to previous year. 56% of the compensation package, or $694K, was in other compensation.
Steven W. Adam, Chief Operating Officer, earned $1.2M in 2019, a 42% decrease compared to previous year.
Christopher M. Abundis, Chief Financial Officer, received $602K in 2019, which decreases by 68% compared to 2018.
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Source: SEC filing on April 6, 2020.