Michael L. Morrison
Net Worth
Last updated:
What is Michael L. Morrison net worth?
The estimated net worth of Mr. Michael L. Morrison is at least $5,893,110 as of 18 Feb 2020. He owns shares worth $3,843 as insider, has earned $512,267 from insider trading and has received compensation worth at least $5,377,000 in ION Geophysical Corporation.
What is the salary of Michael L. Morrison?
Mr. Michael L. Morrison salary is $283,000 per year as Executive Vice President & Chief Financial Officer in ION Geophysical Corporation.
How old is Michael L. Morrison?
Mr. Michael L. Morrison is 54 years old, born in 1971.
What stocks does Michael L. Morrison currently own?
As insider, Mr. Michael L. Morrison owns shares in one company:
| Company | Title | Shares | Price per share | Total value |
|---|---|---|---|---|
| ION Geophysical Corporation (IO) | Executive Vice President & Chief Financial Officer | 11,139 | $0.35 | $3,843 |
What does ION Geophysical Corporation do?
ION Geophysical Corporation provides data-driven decision-making to offshore energy, and ports, and defense industries worldwide. The company operates through two segments, E&P Technology & Services and Operations Optimization. The E&P Technology & Services segment creates digital data assets and delivers services to help E&P companies improve decision-making and reduce risk. This segment includes two synergistic groups, imaging and reservoir services, and ventures. The company's Imaging and Reservoir Services group provides data processing, imaging, and reservoir services that improve image quality and subsurface insights, helping E&P companies reduce exploration and production risk, evaluate and develop reservoirs, and increase production. Its Imaging and Reservoir Services group develops and applies proprietary processing algorithms through its imaging engine to data owned or licensed by its customers to translate raw data into subsurface images. The Operations Optimization segment develops mission-critical subscription offerings and provides engineering services that enable operational control and optimization offshore. This segment includes the company's Optimization Software & Services and Devices offerings. The company's Optimization Software & Services group provides survey design, command, and control software systems and related services for marine towed streamer and seabed operations. Its Devices offerings group develops intelligent equipment controlled by its software to optimize operations. The company sells its services and products through a direct sales force consisting of employees and international third-party sales representatives. ION Geophysical Corporation was formerly known as Input/Output, Inc. and changed its name to ION Geophysical Corporation in 2007. The company was founded in 1968 and is headquartered in Houston, Texas. On April 12, 2022, ION Geophysical Corporation along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas.
Michael L. Morrison insider trading
ION Geophysical Corporation
Mr. Michael L. Morrison has made 9 insider trades between 2006-2020, according to the Form 4 filled with the SEC. Most recently he purchased 1,163 units of IO stock on 18 Feb 2020.
The largest trade he's ever made was exercising 16,000 units of IO stock on 28 Feb 2011. As of 18 Feb 2020 he still owns at least 11,139 units of IO stock.
ION Geophysical key executives
ION Geophysical Corporation executives and other stock owners filed with the SEC:
- Mr. Christopher T. Usher (64) Chief Executive Officer, Pres & Director
- Mr. Dale J. Lambert (66) Executive Vice President of EPTS
- Mr. Kenneth G. Williamson (60) Executive Vice President of Innovation & Strategic Marketing
- Mr. Matthew R. Powers (49) Executive Vice President, Gen. Counsel & Corporation Sec.
- Mr. Michael L. Morrison (54) Executive Vice President & Chief Financial Officer