Phillips 66 CEO Greg Garland's 2018 pay slips 18% to $19M
Phillips 66 reports 2018 executive compensation
By ExecPay News
Published: March 29, 2019
Phillips 66 reported fiscal year 2018 executive compensation information on March 29, 2019.
In 2018, five executives at Phillips 66 received on average a compensation package of $8.2M, a 13% decrease compared to previous year.
Average pay of disclosed executives at Phillips 66
Greg Garland, Chief Executive Officer, received $19M in total, which decreased by 18% compared to 2017. 49% of Garland's compensation, or $9.4M, was in stock awards. Garland also received $5M in non-equity incentive plan, $3M in option awards, $1.7M in salary, as well as $250K in other compensation.
For fiscal year 2018, the median employee pay was $196,407 at Phillips 66. Therefore, the ratio of Greg Garland's pay to the median employee pay was 98 to one.
Kevin Mitchell, Chief Financial Officer, received a compensation package of $6.8M, which increased by 70% compared to previous year. 45% of the compensation package, or $3M, was in stock awards.
Paula Johnson, General Counsel, earned $5.3M in 2018, a 3% decrease compared to previous year.
Robert Herman, Executive Vice President,, received $5.1M in 2018, which decreases by 7% compared to 2017.
Tim Roberts, Executive Vice President,, earned $4.5M in 2018.
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Source: SEC filing on March 29, 2019.