Continental Resources Boosts CEO Hamm's Pay 38 pct in 2017
HOUSTON, April 5 (Reuters) - U.S. shale oil producer Continental Resources Inc said on Thursday it boosted founder and Chief Executive Harold Hamm's compensation by 38 percent in 2017.
Hamm, who is the company's largest shareholder, received $12.3 million in compensation last year, the company said in a regulatory filing.
Hamm received a 46 percent salary increase to $1.2 million. His bonus and stock award also grew during the year, to $3.4 million and $7.6 million, respectively.
The value of perks Hamm received during the year, including personal use of the company aircraft and company vehicle, fell to $60,077.
An executive's total compensation often includes a base salary, stock grants, bonus and other items.
Shares of Continental initially fell in 2017 but recovered to end the year up about 4 percent.
(Reporting by Ernest Scheyder; Editing by Dan Grebler)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Continental Resources Boosts CEO Hamm's Pay 38 pct in 2017 (Apr 05)
- Kemp: US Shale Returns to Growth, Posing Problem for OPEC (Jan 05)
- Shale King Hamm Wants to Give Oil Forecasters a Reality Check (Nov 16)