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Last updated: 4 July 2020 at 1:03pm EST

Michael Sumruld Net Worth




The estimated Net Worth of Michael W Sumruld is at least $1.67 Million dollars as of 26 March 2020. Mr. Sumruld owns over 13,266 units of Parker Drilling stock worth over $178,113 and over the last 8 years he sold PKDC stock worth over $0. In addition, he makes $1,488,840 as Chief Financial Officer and Senior Vice President at Parker Drilling.

Mr. Sumruld PKDC stock SEC Form 4 insiders trading

Michael has made over 2 trades of the Parker Drilling stock since 2018, according to the Form 4 filled with the SEC. Most recently he exercised 13,266 units of PKDC stock worth $172,458 on 26 March 2020.

The largest trade he's ever made was exercising 13,266 units of Parker Drilling stock on 26 March 2020 worth over $172,458. On average, Michael trades about 3,360 units every 108 days since 2017. As of 26 March 2020 he still owns at least 13,701 units of Parker Drilling stock.

You can see the complete history of Mr. Sumruld stock trades at the bottom of the page.





Michael Sumruld biography

Michael W. Sumruld CPA serves as Chief Financial Officer, Senior Vice President of the Company. Prior to joining the Company, Mr. Sumruld served as vice president and chief accounting officer of LyondellBassell Industries N.V. from January through September 2017. From 2013 through 2016 Mr. Sumruld served as vice president and treasurer of Baker Hughes Incorporated; from 2012 to 2013 he served as vice president finance – Eastern Hemisphere of Baker Hughes; and in 2011 he served as Baker Hughes’s Director of Investor Relations. He holds Bachelors in Accounting from Houston University annd Masters of Business Administration from Texas A&M University.

What is the salary of Michael Sumruld?

As the Chief Financial Officer and Senior Vice President of Parker Drilling, the total compensation of Michael Sumruld at Parker Drilling is $1,488,840. There are 1 executives at Parker Drilling getting paid more, with Jon-Al Duplantier having the highest compensation of $1,753,680.



How old is Michael Sumruld?

Michael Sumruld is 49, he's been the Chief Financial Officer and Senior Vice President of Parker Drilling since 2017. There are 8 older and 4 younger executives at Parker Drilling. The oldest executive at Parker Drilling Company is Eugene Davis, 65, who is the Independent Chairman of the Board.

What's Michael Sumruld's mailing address?

Michael's mailing address filed with the SEC is 5 GREENWAY PLAZA, SUITE 100, , HOUSTON, TX, 77046.

Insiders trading at Parker Drilling

Over the last 6 years, insiders at Parker Drilling have traded over $7,381,949 worth of Parker Drilling stock and bought 1,374,439 units worth $21,384,720 . The most active insiders traders include Advisors Llcwhitebox Genera..., Capital Management Llc High..., and George G Varde Investment P.... On average, Parker Drilling executives and independent directors trade stock every 14 days with the average trade being worth of $950,859. The most recent stock trade was executed by Bryan Ray Collins on 26 March 2020, trading 11,544 units of PKDC stock currently worth $150,072.



What does Parker Drilling do?

Parker Drilling Company provides contract drilling and drilling-related services, and rental tools and services to the energy industry. It operates through two business lines, Drilling Services and Rental Tools Services. The Drilling Services business line drills oil, natural gas, and geothermal wells with company-owned rigs and customer-owned rigs; and operates barge rigs for drilling oil and natural gas in the shallow waters in and along the inland waterways and coasts of Louisiana, Alabama, and Texas. This business line also provides project related services, such as engineering, procurement, project management, and commissioning of customer-owned drilling facility projects; drill wells and manages the logistical and technological challenges of operating in remote, harsh, and ecologically sensitive areas. The Rental Tools Services business line offers rental equipment, such as standard and heavy-weight drill pipes, tubing, drill collars, and others; pressure control equipment, including blow-out preventers; well construction services, such as tubular running services and downhole tools; well intervention services comprising whipstock, fishing products, and related services; and inspection and machine shop support services for exploration and production companies, drilling contractors, and service companies on land and offshore. The company serves independent and national oil and natural gas exploration and production companies, and integrated service providers in the United States, Russia and other Commonwealth of Independent States countries, Europe, the Middle East, Africa, Asia, Latin America, and other countries. Parker Drilling Company was founded in 1934 and is headquartered in Houston, Texas.



What does Parker Drilling's logo look like?

Parker Drilling Company logo

Complete history of Mr. Sumruld stock trades at LyondellBasell Industries NV and Parker Drilling

Date
#
Company
 Insider
Trans.
Transaction
 Shares Price per share Total value Shares after Source
26 Mar 2020 PKDC Parker Drilling Company Michael W Sumruld
Sr. VP and CFO
 Option 13,266 $7.00 $92,862
26 Mar 2020
13,701 ↗


Parker Drilling executives and stock owners

Parker Drilling executives and other stock owners filed with the SEC include: