Ultra Petroleum CEO Michael Watford's 2018 pay falls 62% to $8.9M
Ultra Petroleum reports 2018 executive compensation
By ExecPay News
Published: April 12, 2019
Ultra Petroleum reported fiscal year 2018 executive compensation information on April 12, 2019.
In 2018, eight executives at Ultra Petroleum received on average a compensation package of $2.2M, a 77% decrease compared to previous year.
Average pay of disclosed executives at Ultra Petroleum
Michael D. Watford, Chief Executive Officer, received $8.9M in total, which decreased by 62% compared to 2017.
For fiscal year 2018, the median employee pay was $134,599 at Ultra Petroleum. Therefore, the ratio of Michael D. Watford's pay to the median employee pay was 66 to one.
Garland R. Shaw, Chief Financial Officer, received a compensation package of $2.8M, which decreased by 65% compared to previous year. 86% of the compensation package, or $2.4M, was in other compensation.
Garrett B. Smith, General Counsel, earned $1.5M in 2018, a 54% decrease compared to previous year.
Jerald J. Stratton, Jr, Chief Operating Officer, received $1.4M in 2018.
David W. Honeyfield, Chief Financial Officer, earned $834K in 2018.
Brad Johnson, Chief Executive Officer, received $736K in 2018, which decreases by 91% compared to 2017.
Maree K. Delgado, Chief Accounting Officer, earned $675K in 2018.
Kent Rogers, Vice President, Drilling and Completions, received $591K in 2018, which decreases by 83% compared to 2017.
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Kent Rogers
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Michael Watford
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Source: SEC filing on April 12, 2019.