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Factbox: SandRidge payments to CEO and his family
January 14, 2013 / 6:11 PM / 5 years ago

Factbox: SandRidge payments to CEO and his family

(Reuters) -


SandRidge Energy has paid millions of dollars to chief executive Tom Ward and his family, in addition to his salary and bonus, including:

* $5 million to lease property and pay royalties to WCT Resources, a Ward family-controlled energy company

* Nearly $4 million in royalties to TLW Land & Cattle, an Oklahoma firm controlled by Ward

* More than $18 million to sponsor and license the Oklahoma City Thunder basketball team, in which Ward owns a 19 percent interest

* Nearly $850,000 to buy tickets to “various sporting and other entertainment events” from Ward

Source: SEC filings

Reporting By Michael Erman; Editing by Patricia Kranz

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