Marathon Petroleum CEO Michael Hennigan's 2021 pay jumps 36% to $21M
Marathon Petroleum reports 2021 executive compensation
By ExecPay News
Published: March 14, 2022
Marathon Petroleum reported fiscal year 2021 executive compensation information on March 14, 2022.
In 2021, seven executives at Marathon Petroleum received on average a compensation package of $7.8M, a 2% decrease compared to previous year.
Average pay of disclosed executives at Marathon Petroleum
Michael J. Hennigan, Chief Executive Officer, received $21M in total, which increased by 36% compared to 2020. 67% of Hennigan's compensation, or $14M, was in stock awards. Hennigan also received $450K of change in pension value and nonqualified deferred compensation earnings, $4.4M in non-equity incentive plan, $1.6M in salary, as well as $533K in other compensation.
Maryann Mannen, Chief Financial Officer, received a compensation package of $11M. 76% of the compensation package, or $8.5M, was in stock awards.
Timothy T. Griffith, Former President Speedway LLC, earned $6.7M in 2021, a 15% increase compared to previous year.
Raymond L. Brooks, Executive Vice President, Refining, received $6.5M in 2021, which increases by 18% compared to 2020.
Suzanne Gagle, General Counsel, earned $4.7M in 2021, a 24% increase compared to previous year.
Brian C. Davis, Executive Vice President and Chief Commercial Officer, received $3.6M in 2021.
Donald C. Templin, Chief Financial Officer, earned $939K in 2021, a 87% decrease compared to previous year.
Related executives
Michael Hennigan
Marathon Petroleum
Chief Executive Officer
Maryann Mannen
Marathon Petroleum
Chief Financial Officer
Raymond Brooks
Marathon Petroleum
Executive Vice President, Refining
Suzanne Gagle
Marathon Petroleum
General Counsel
Brian Davis
Marathon Petroleum
Executive Vice President and Chief Commercial Officer
Donald Templin
Marathon Petroleum
Chief Financial Officer
Timothy Griffith
Marathon Petroleum
Former President Speedway LLC
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Source: SEC filing on March 14, 2022.