Marathon Petroleum CEO Gary Heminger's 2018 pay rises 1% to $20M
Marathon Petroleum reports 2018 executive compensation
By ExecPay News
Published: March 14, 2019
Marathon Petroleum reported fiscal year 2018 executive compensation information on March 14, 2019.
In 2018, five executives at Marathon Petroleum received on average a compensation package of $8.3M, a 9% increase compared to previous year.
Average pay of disclosed executives at Marathon Petroleum
Gary R. Heminger, Chief Executive Officer, received $20M in total, which increased by 1% compared to 2017. 41% of Heminger's compensation, or $8.1M, was in stock awards. Heminger also received $931K of change in pension value and nonqualified deferred compensation earnings, $5.2M in non-equity incentive plan, $3.2M in option awards, $1.7M in salary, as well as $604K in other compensation.
Donald C. Templin, President, Refining, Marketing and Supply, received a compensation package of $6.4M, which increased by 10% compared to previous year. 37% of the compensation package, or $2.4M, was in stock awards.
Gregory J. Goff, Chairman, earned $6.2M in 2018.
Timothy T. Griffith, Chief Financial Officer, received $4.5M in 2018, which increases by 2% compared to 2017.
Anthony R. Kenney, President, Speedway, earned $4.5M in 2018, which is about the same as previous year.
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Source: SEC filing on March 14, 2019.