Marathon Petroleum Chairman Gregory Goff's 2019 pay jumps 387% to $30M
Marathon Petroleum reports 2019 executive compensation
By ExecPay News
Published: March 16, 2020
Marathon Petroleum reported fiscal year 2019 executive compensation information on March 16, 2020.
In 2019, six executives at Marathon Petroleum received on average a compensation package of $14M, a 66% increase compared to previous year.
Average pay of disclosed executives at Marathon Petroleum
Gregory J. Goff, Chairman, received $30M in total, which increased by 387% compared to 2018. 39% of Goff's compensation, or $12M, was in stock awards. Goff also received $5.7M of change in pension value and nonqualified deferred compensation earnings, $7.8M in non-equity incentive plan, $2.9M in option awards, $1.6M in salary, as well as $439K in other compensation.
Gary R. Heminger, Chief Executive Officer, received a compensation package of $24M, which increased by 22% compared to previous year. 37% of the compensation package, or $9M, was in non-equity incentive plan.
Donald C. Templin, Chief Financial Officer, earned $8.1M in 2019, a 26% increase compared to previous year.
Michael J. Hennigan, Chief Executive Officer, received $7.7M in 2019.
Timothy T. Griffith, President, Speedway LLC, earned $6.5M in 2019, a 45% increase compared to previous year.
Anthony R. Kenney, Executive Vice President, Speedway LLC, received $5.7M in 2019, which increases by 28% compared to 2018.
Related executives
Gary Heminger
Marathon Petroleum
Chief Executive Officer
Donald Templin
Marathon Petroleum
Chief Financial Officer
Gregory Goff
Marathon Petroleum
Chairman
Michael Hennigan
Marathon Petroleum
Chief Executive Officer
Timothy Griffith
Marathon Petroleum
Former President Speedway LLC
Anthony Kenney
Marathon Petroleum
Executive Vice President, Speedway LLC
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Source: SEC filing on March 16, 2020.