Summit Midstream Partners, LP CEO J Deneke's 2022 pay rises 8% to $3.8M
Summit Midstream Partners, LP reports 2022 executive compensation
By ExecPay News
Published: March 31, 2023
Summit Midstream Partners, LP reported fiscal year 2022 executive compensation information on March 31, 2023.
In 2022, four executives at Summit Midstream Partners, LP received on average a compensation package of $2.4M, a 6% increase compared to previous year.
Average pay of disclosed executives at Summit Midstream Partners, LP
J. Heath Deneke, Chief Executive Officer, received $3.8M in total, which increased by 8% compared to 2021. 42% of Deneke's compensation, or $1.6M, was in non-equity incentive plan. Deneke also received $628K in bonus, $624K in salary, $798K in stock awards, as well as $168K in other compensation.
For fiscal year 2022, the median employee pay was $135,051 at Summit Midstream Partners, LP. Therefore, the ratio of J. Heath Deneke's pay to the median employee pay was 28 to one.
Marc D. Stratton, Chief Financial Officer, received a compensation package of $2.7M, which increased by 82% compared to previous year. 100% of the compensation package, or $2.7M, was in other compensation.
James D. Johnston, General Counsel, earned $1.8M in 2022, a 3% increase compared to previous year.
William J. Mault, Chief Financial Officer, received $1.3M in 2022.
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Source: SEC filing on March 31, 2023.