Summit Midstream Partners, LP CEO J Deneke's 2021 pay jumps 60% to $3.6M
Summit Midstream Partners, LP reports 2021 executive compensation
By ExecPay News
Published: March 31, 2022
Summit Midstream Partners, LP reported fiscal year 2021 executive compensation information on March 31, 2022.
In 2021, three executives at Summit Midstream Partners, LP received on average a compensation package of $2.2M, a 86% increase compared to previous year.
Average pay of disclosed executives at Summit Midstream Partners, LP
J. Heath Deneke, Chief Executive Officer, received $3.6M in total, which increased by 60% compared to 2020. 43% of Deneke's compensation, or $1.5M, was in stock awards. Deneke also received $253K in bonus, $1.1M in non-equity incentive plan, $600K in salary, as well as $53K in other compensation.
For fiscal year 2021, the median employee pay was $124,607 at Summit Midstream Partners, LP. Therefore, the ratio of J. Heath Deneke's pay to the median employee pay was 29 to one.
James D. Johnston, General Counsel, received a compensation package of $1.7M, which increased by 212% compared to previous year. 30% of the compensation package, or $512K, was in stock awards.
Marc D. Stratton, Chief Financial Officer, earned $1.5M in 2021, a 70% increase compared to previous year.
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Source: SEC filing on March 31, 2022.