19th April 2024

For the first time, public companies are revealing how much

compensation their CEOs are actually poised to get, by tabulating gains and losses in the stock awards that make up much of their pay packages.

For Olivier Le Peuch, chief executive of oil-field-services company Schlumberger Ltd., the new disclosure shows the value of his pay jumped nearly $24 million during the course of last year, driven by a sharp rise in the company’s share price. At nuts-and-bolts-maker Fastenal Co., new equity awards for CEO Daniel Florness lost nearly half their value in 2022.

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