By Liz Hampton

(Reuters) – Halliburton’s top proxy advisor suggested that shareholders vote against the executive compensation plan. The oilfield services company filed Monday’s filing.

According to a regulatory filing, Institutional Shareholder Services (ISS), criticized members of the compensation committee for not addressing concerns about long-term incentives pay.

Also, the advisory firm was unhappy with Jeff Miller’s nearly 20% increase in long-term incentives value in 2021.

Halliburton called ISS’s analyses “misleading” but said that the company’s “performance had excelled for the benefit of Halliburton’s shareholder,” citing its prudent spending, reduction in debt, and growing dividend.

This vote was an advisory motion, and isn’t binding for the company.

Halliburton shares traded Monday at $33.36, down by 10.7%, but up approximately 46% year to date.

Halliburton shareholders voted in opposition to the proposed compensation scheme for executive officers last year.

ISS didn’t immediately reply to a request of comment.