Marathon Petroleum CEO Michael Hennigan's 2020 pay jumps 103% to $16M
Marathon Petroleum reports 2020 executive compensation
By ExecPay News
Published: March 15, 2021
Marathon Petroleum reported fiscal year 2020 executive compensation information on March 15, 2021.
In 2020, six executives at Marathon Petroleum received on average a compensation package of $8M, a 42% decrease compared to previous year.
Average pay of disclosed executives at Marathon Petroleum
Michael J. Hennigan, Chief Executive Officer, received $16M in total, which increased by 103% compared to 2019. 58% of Hennigan's compensation, or $9M, was in stock awards. Hennigan also received $440K of change in pension value and nonqualified deferred compensation earnings, $3.1M in non-equity incentive plan, $1.1M in option awards, $1.5M in salary, as well as $437K in other compensation.
Gary R. Heminger, Chief Executive Officer, received a compensation package of $10M, which decreased by 59% compared to previous year. 60% of the compensation package, or $6M, was in stock awards.
Donald C. Templin, Chief Financial Officer, earned $7.3M in 2020, a 10% decrease compared to previous year.
Timothy T. Griffith, President, Speedway LLC, received $5.8M in 2020, which decreases by 11% compared to 2019.
Raymond L. Brooks, Executive Vice President, Refining, earned $5.5M in 2020.
Suzanne Gagle, General Counsel, received $3.8M in 2020.
Related executives
Michael Hennigan
Marathon Petroleum
Chief Executive Officer
Donald Templin
Marathon Petroleum
Chief Financial Officer
Timothy Griffith
Marathon Petroleum
Former President Speedway LLC
Raymond Brooks
Marathon Petroleum
Executive Vice President, Refining
Suzanne Gagle
Marathon Petroleum
General Counsel
Gary Heminger
Marathon Petroleum
Chief Executive Officer
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Source: SEC filing on March 15, 2021.