Marathon Oil CEO Lee Tillman's 2020 pay slips 14% to $12M
Marathon Oil reports 2020 executive compensation
By ExecPay News
Published: April 9, 2021
Marathon Oil reported fiscal year 2020 executive compensation information on April 9, 2021.
In 2020, five executives at Marathon Oil received on average a compensation package of $5.1M, a 15% decrease compared to previous year.
Average pay of disclosed executives at Marathon Oil
Lee M. Tillman, Chief Executive Officer, received $12M in total, which decreased by 14% compared to 2019. 59% of Tillman's compensation, or $7.1M, was in stock awards. Tillman also received $365K of change in pension value and nonqualified deferred compensation earnings, $1.3M in non-equity incentive plan, $1.8M in option awards, $1.2M in salary, as well as $269K in other compensation.
T. Mitchell Little, Chief Executive Officer, received a compensation package of $4.4M, which decreased by 17% compared to previous year. 44% of the compensation package, or $1.9M, was in stock awards.
Dane E. Whitehead, Chief Financial Officer, earned $3.6M in 2020, a 10% decrease compared to previous year.
Patrick J. Wagner, Executive Vice President, Corporate Development and Strategy, received $3M in 2020, which decreases by 16% compared to 2019.
Reginald D. Hedgebeth, Chief Administrative Officer, earned $2.5M in 2020, a 23% decrease compared to previous year.
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Source: SEC filing on April 9, 2021.