In 2021, Thomas Burke earned $15.65M in total compensation at Valaris, including $707.90K salary and $10.90M in stock. Most recently acquired 115,047 shares in Jul 2021. Currently holds stock worth $51.07M.
Compensation History
Annual executive compensation data for Thomas Burke, including salary, bonuses, and stock awards.
Year
2021
Total Compensation
$15.65M
Salary
$707.90K
Bonus
$0.00
Other
$4.05M
Salary
$707.90KBoard Justification
The compensation philosophy is designed to attract, retain, and motivate executives while aligning their interests with those of shareholders, focusing on performance-based incentives.
Bonus
$0.00Board Justification
No bonus was awarded in 2021 as he stepped down from his position on September 2, 2021.
Other Compensation
$4.05MBoard Justification
This includes cash severance payments totaling $3,639,128, a pro-rated second half 2021 bonus of $277,473, subsidized COBRA premiums, and reimbursement of legal fees.
Restricted Stock
Board Justification
115,047 RSUs were granted in 2021, which vested upon separation from the Company on September 2, 2021.
Performance Metrics
Performance metrics include personal safety, process safety, downtime reduction, backlog addition, and EBITDAR.
Thomas Burke
Ex-CEO of Valaris
Education
Not specified
Field of Expertise
Business & Management
Sector of Economy
Energy
Born
December 31, 1968 - 56 years ago
CEO of Valaris for
0 years 9 months (Nov 2020 - Sep 2021)
Previous Experience
Former Executive Vice President and Chief Operating Officer of Valaris plc
Other Valaris CEOs
Holdings
Track Thomas Burke's stock holdings and portfolio value over time.
Insider Trading
Thomas Burke's recent stock transactions, purchases, and sales filed with the SEC.
115,047 shares
VAL
Jul 19, 2021
Received
Rivals
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