Targa Resources Corp. CEO Matthew Meloy's 2021 pay jumps 21% to $15M
Targa Resources Corp. reports 2021 executive compensation
By ExecPay News
Published: March 31, 2022
Targa Resources Corp. reported fiscal year 2021 executive compensation information on March 31, 2022.
In 2021, five executives at Targa Resources Corp. received on average a compensation package of $6.4M, a 2% increase compared to previous year.
Average pay of disclosed executives at Targa Resources Corp.
Matthew J. Meloy, Chief Executive Officer, received $15M in total, which increased by 21% compared to 2020. 70% of Meloy's compensation, or $10M, was in stock awards. Meloy also received $3.5M in bonus, $875K in salary, as well as $27K in other compensation.
For fiscal year 2021, the median employee pay was $124,880 at Targa Resources Corp.. Therefore, the ratio of Matthew J. Meloy's pay to the median employee pay was 118 to one.
Jennifer R. Kneale, Chief Financial Officer, received a compensation package of $5.1M, which increased by 20% compared to previous year. 66% of the compensation package, or $3.4M, was in stock awards.
Patrick J. McDonie, President - Gathering and Processing, earned $4.1M in 2021, a 22% increase compared to previous year.
D. Scott Pryor, President - Logistics and Transportation, received $4.1M in 2021, which increases by 22% compared to 2020.
Robert M. Muraro, Chief Commercial Officer, earned $4.1M in 2021, a 22% increase compared to previous year.
Related executives
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 31, 2022.