Targa Resources Corp. CEO Joe Perkins' 2019 pay slips 8% to $12M
Targa Resources Corp. reports 2019 executive compensation
By ExecPay News
Published: March 27, 2020
Targa Resources Corp. reported fiscal year 2019 executive compensation information on March 27, 2020.
In 2019, six executives at Targa Resources Corp. received on average a compensation package of $5.4M, a 12% increase compared to previous year.
Average pay of disclosed executives at Targa Resources Corp.
Joe Bob Perkins, Chief Executive Officer, received $12M in total, which decreased by 8% compared to 2018. 93% of Perkins' compensation, or $12M, was in stock awards. Perkins also received $892K in salary and $24K in other compensation.
For fiscal year 2019, the median employee pay was $114,112 at Targa Resources Corp.. Therefore, the ratio of Joe Bob Perkins' pay to the median employee pay was 109 to one.
Matthew J. Meloy, President, received a compensation package of $6.5M, which increased by 16% compared to previous year. 61% of the compensation package, or $3.9M, was in stock awards.
Patrick J. McDonie, President – Gathering and Processing, earned $3.4M in 2019, a 11% increase compared to previous year.
D. Scott Pryor, President - Logistics and Transportation, received $3.4M in 2019, which increases by 11% compared to 2018.
Robert M. Muraro, Chief Commercial Officer, earned $3.4M in 2019, a 19% increase compared to previous year.
Jennifer R. Kneale, Chief Financial Officer, received $3.1M in 2019, which increases by 60% compared to 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
Robert Muraro
Targa Resources Corp.
Chief Commercial Officer
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Source: SEC filing on March 27, 2020.