Griffith
Kenney
Templin
Heminger

By LOU WILIN
STAFF WRITER

Gary Heminger, Marathon Petroleum Corp. chairman and chief executive officer, earned $19.7 million in 2017, or nearly 19 percent more than in 2016, the company reported.

Heminger’s salary increased 2.3 percent to $1.64 million last year, Marathon Petroleum reported to the Securities and Exchange Commission. A performance-based bonus increased 19 percent to $5 million.

His stock awards increased nearly 39 percent to $7.7 million. Heminger’s stock options increased 9 percent to $3.8 million.

The value of Heminger’s pension and non-qualified deferred compensation earnings grew by $942,420. But that was 14 percent less growth than in 2016.

Heminger’s other perks, of $514,721, included $403,474 in contributions to his retirement plan; $82,880 in personal use of company aircraft; $12,800 in personal security; $11,916 in tax and financial planning; and $3,651 for a physical.

Donald Templin, Marathon’s president, earned $5.9 million, or 18 percent more than in 2016.

Templin’s salary increased 7 percent to $856,250. A performance-based bonus increased nearly 31 percent to $1.7 million.

His stock awards increased 40 percent to $2.6 million. Templin’s stock options decreased 60 percent to $240,001.

The value of Templin’s pension and non-qualified deferred compensation earnings grew by $285,452. That was 18 percent more growth than in 2016.

Templin’s other perks, of $159,596, included $150,716 in contributions to his retirement plan; $5,229 in tax and financial planning; and $3,651 for a physical.

Timothy Griffith, chief financial officer, earned $4.4 million, or 38 percent more than in 2016.

Griffith’s salary increased 13.5 percent to $681,250. A performance-based bonus increased 47 percent to $1.1 million.

His stock awards increased 59 percent to $1.6 million. Griffith’s stock options increased 25 percent to $800,003.

The value of his pension and non-qualified deferred compensation earnings grew by $145,967. That was 29 percent more than in 2016.

Griffith’s other perks, of $103,922, included $100,271 in contributions to his retirement plan, and $3,651 for a physical.

Anthony Kenney, president of Speedway, a Marathon subsidiary, earned nearly $4.5 million, or 10 percent more than in 2016.

Kenney’s salary increased by 4.5 percent to $718,750. A performance-based bonus increased by 2.3 percent to $1.1 million.

His stock awards increased nearly 36 percent to $1.3 million. Kenney’s stock options increased nearly 5 percent to $792,000.

The value of his pension and non-qualified deferred compensation earnings grew by $379,447. That was 6 percent less than in 2016.

Kenney’s other perks, of $135,898, included $122,013 in contributions to his retirement plan; $10,234 in tax and financial planning; and $3,651 for a physical.

Marathon Petroleum’s profit last year nearly tripled from the previous year to $3.43 billion, or $6.70 per share.

Revenue for the entire year increased 19 percent from 2016, to $75.37 billion.

Wilin: 419-427-8413
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