Marathon Oil CEO Lee Tillman's 2019 pay rises 15% to $14M
Marathon Oil reports 2019 executive compensation
By ExecPay News
Published: April 9, 2020
Marathon Oil reported fiscal year 2019 executive compensation information on April 9, 2020.
In 2019, five executives at Marathon Oil received on average a compensation package of $6.1M, a 11% increase compared to previous year.
Lee M. Tillman, Chief Executive Officer, received $14M in total, which increased by 15% compared to 2018. 60% of Tillman's compensation, or $8.4M, was in stock awards. Tillman also received $403K of change in pension value and nonqualified deferred compensation earnings, $1.9M in non-equity incentive plan, $1.8M in option awards, $1.2M in salary, as well as $302K in other compensation.
T. Mitchell Little, Executive Vice President, Operations, received a compensation package of $5.3M, which increased by 15% compared to previous year. 43% of the compensation package, or $2.3M, was in stock awards.
Dane E. Whitehead, Chief Financial Officer, earned $4.1M in 2019, a 9% increase compared to previous year.
Patrick J. Wagner, Executive Vice President, Corporate Development and Strategy, received $3.6M in 2019, which decreases by 1% compared to 2018.
Reginald D. Hedgebeth, Chief Administrative Officer, earned $3.3M in 2019, a 9% increase compared to previous year.