Targa Resources Corp. CEO Matthew Meloy's 2020 pay jumps 88% to $12M
Targa Resources Corp. reports 2020 executive compensation
By ExecPay News
Published: April 1, 2021
Targa Resources Corp. reported fiscal year 2020 executive compensation information on April 1, 2021.
In 2020, six executives at Targa Resources Corp. received on average a compensation package of $6.3M, a 16% increase compared to previous year.
Average pay of disclosed executives at Targa Resources Corp.
Matthew J. Meloy, Chief Executive Officer, received $12M in total, which increased by 88% compared to 2019. 79% of Meloy's compensation, or $9.5M, was in stock awards. Meloy also received $1.8M in bonus, $780K in salary, as well as $24K in other compensation.
For fiscal year 2020, the median employee pay was $113,398 at Targa Resources Corp.. Therefore, the ratio of Matthew J. Meloy's pay to the median employee pay was 107 to one.
Joe Bob Perkins, Chairman, received a compensation package of $11M, which decreased by 10% compared to previous year. 85% of the compensation package, or $9.5M, was in stock awards.
Jennifer R. Kneale, Chief Financial Officer, earned $4.3M in 2020, a 35% increase compared to previous year.
Patrick J. McDonie, President - Gathering and Processing, received $3.4M in 2020, which decreases by 2% compared to 2019.
D. Scott Pryor, President - Logistics and Transportation, earned $3.4M in 2020, a 2% decrease compared to previous year.
Robert M. Muraro, Chief Commercial Officer, received $3.4M in 2020, which decreases by 2% compared to 2019.
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 April 1, 2021.