Targa Resources Corp. CEO Joe Perkins' 2018 pay jumps 153% to $13M
Targa Resources Corp. reports 2018 executive compensation
By ExecPay News
Published: March 29, 2019
Targa Resources Corp. reported fiscal year 2018 executive compensation information on March 29, 2019.
In 2018, seven executives at Targa Resources Corp. received on average a compensation package of $4.8M, a 3% decrease compared to previous year.
Average pay of disclosed executives at Targa Resources Corp.
Joe Bob Perkins, Chief Executive Officer, received $13M in total, which increased by 153% compared to 2017. 94% of Perkins' compensation, or $13M, was in stock awards. Perkins also received $833K in salary and $23K in other compensation.
For fiscal year 2018, the median employee pay was $102,427 at Targa Resources Corp.. Therefore, the ratio of Joe Bob Perkins' pay to the median employee pay was 132 to one.
Matthew J. Meloy, President, received a compensation package of $5.6M, which decreased by 4% compared to previous year. 70% of the compensation package, or $3.9M, was in stock awards.
Paul W. Chung, General Counsel, earned $3.6M in 2018, a 32% increase compared to previous year.
Patrick J. McDonie, President, Gathering and Processing, received $3.1M in 2018, which decreases by 33% compared to 2017.
D. Scott Pryor, President, Logistics and Marketing, earned $3.1M in 2018, a 33% decrease compared to previous year.
Robert M. Muraro, Chief Commercial Officer, received $2.9M in 2018, which decreases by 56% compared to 2017.
Jennifer R. Kneale, Chief Financial Officer, earned $2M in 2018.
Related executives
Joe Perkins
Targa Resources Corp.
Chairman
Matthew Meloy
Targa Resources Corp.
Chief Executive Officer
Jennifer Kneale
Targa Resources Corp.
Chief Financial Officer
Patrick McDonie
Targa Resources Corp.
President - Gathering and Processing
D Pryor
Targa Resources Corp.
President - Logistics and Transportation
Paul Chung
Targa Resources Corp.
General Counsel
Robert Muraro
Targa Resources Corp.
Chief Commercial Officer
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Source: SEC filing on March 29, 2019.