Houston midstream co. to award millions of dollars in executive retention bonuses

Houston-based Buckeye Partners LP has decided to award its executives millions of dollars in special retention bonuses.

Each of the company’s five top executives will draw the retention bonus in two equal installments — one on May 1, 2020, and the other a year after that, according to a Dec. 6 filing with the U.S. Securities and Exchange Commission.

The largest award is going to CEO Clark Smith, who will pull down $1 million on each of the payment dates. CFO Keith St. Clair will take the next…