As the Former Executive at Weatherford, Burt Martin earned a total compensation of $16,017,749 in 2009, which increased by 300.49% compared to 2008.

Of this total, $291,231 was earned as salary, $500,000 was received as a bonus, $2,252,809 was awarded as stock, and $12,973,709 came from all other compensation.

Mr. Martin's employment with the Company terminated effective as of June 3, 2009.

The Stock Awards amount includes the grant date fair value of an award granted on February 5, 2009 that was not vested as of the date of Mr. Martin's termination.

Mr. Martin's Accumulated Benefit in the executive retirement plan decreased by $5,135,921 with his departure from the Company. His lump sum benefit of $12,881,254 is included in the termination payment amount in the All Other Compensation amount.

Burt Martin worked with Keith Morley, Peter Fontana, Stuart Ferguson, Andrew Becnel, and Bernard Duroc-Danner at Weatherford in 2009.


Distribution
History
Compensation Data Fiscal 2009 Ends: Dec 31
  • Salary$291,231
  • Bonus$500,000
  • Stock Awards$2,252,809
  • Other$12,973,709
  • Total$16,017,749
Company
Weatherford
Industry
Oil Related Services and Equipment
Sector
Energy