Marathon Oil CEO Lee Tillman's 2020 pay slips 14% to $12M

Marathon Oil reports 2020 executive compensation

By ExecPay News

Published: April 9, 2021

Marathon Oil reported fiscal year 2020 executive compensation information on April 9, 2021.
In 2020, five executives at Marathon Oil received on average a compensation package of $5.1M, a 15% decrease compared to previous year.
Average pay of disclosed executives at Marathon Oil
Lee M. Tillman, Chief Executive Officer, received $12M in total, which decreased by 14% compared to 2019. 59% of Tillman's compensation, or $7.1M, was in stock awards. Tillman also received $365K of change in pension value and nonqualified deferred compensation earnings, $1.3M in non-equity incentive plan, $1.8M in option awards, $1.2M in salary, as well as $269K in other compensation.
T. Mitchell Little, Chief Executive Officer, received a compensation package of $4.4M, which decreased by 17% compared to previous year. 44% of the compensation package, or $1.9M, was in stock awards.
Dane E. Whitehead, Chief Financial Officer, earned $3.6M in 2020, a 10% decrease compared to previous year.
Patrick J. Wagner, Executive Vice President, Corporate Development and Strategy, received $3M in 2020, which decreases by 16% compared to 2019.
Reginald D. Hedgebeth, Chief Administrative Officer, earned $2.5M in 2020, a 23% decrease compared to previous year.

Related executives

Lee Tillman

Marathon Oil

Chief Executive Officer

T Little

Marathon Oil

Chief Executive Officer

Dane Whitehead

Marathon Oil

Chief Financial Officer

Patrick Wagner

Marathon Oil

Executive Vice President, Corporate Development and Strategy

Reginald Hedgebeth

Marathon Oil

Chief Administrative Officer

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Source: SEC filing on April 9, 2021.