By LOU WILIN
STAFF WRITER

Gary Heminger, Marathon Petroleum Corp. chairman and chief executive officer, earned $19.8 million in 2018, or 0.7 percent more than in 2017, the company reported.

Heminger’s salary increased 3.1 percent to $1.69 million last year, Marathon Petroleum reported to the Securities and Exchange Commission. A performance-based bonus increased 4 percent to $5.2 million.

His stock awards increased 5.3 percent to $8.14 million. Heminger’s

Kenney
Griffith
Templin
Heminger

stock options decreased 15.6 percent to $3.2 million.

The value of Heminger’s pension and non-qualified deferred compensation earnings grew by $931,253. That was 1.2 percent less growth than in 2017.

Heminger’s other perks, of $603,595, included $469,328 in company contributions to his retirement plan; $111,251 in personal use of company aircraft; $12,793 in tax and financial planning; $6,454 in personal security; and $3,769 for physicals.

Donald Templin, president of refining, marketing and supply, earned $6.4 million in 2018, or 9.5 percent more than in 2017.

Templin’s salary rose 9.5 percent to $937,500 last year. His performance-based bonus was $1.7 million, the same as in 2017.

Templin’s stock awards declined nearly 10 percent to $2.36 million. His stock options increased by fourfold to $960,005.

The value of Templin’s pension and non-qualified deferred compensation earnings increased by $268,777. That was nearly 6 percent less growth than in 2017.

Templin’s other perks, of $192,823, included $185,018 in company contributions to his retirement plan; $4,036 for tax and financial planning; and $3,769 for physicals.

Marathon Petroleum Chief Financial Officer Timothy Griffith earned $4.5 million in 2018, or 1.7 percent more than in 2017.

Griffith’s salary rose nearly 14 percent to $775,000 last year, Marathon Petroleum reported to the Securities and Exchange Commission.

A performance-based bonus increased 4.5 percent to $1.15 million.

Griffith’s stock awards climbed 2.7 percent to $1.66 million. His stock options declined nearly 16 percent to $672,011.

The value of Griffith’s pension and non-qualified deferred compensation earnings grew by $130,153. That was nearly 11 percent less growth than in 2017.

Griffith’s other perks, of $135,124, included $131,355 in company contributions to his retirement plan; and $3,769 for physicals.

Speedway President Anthony Kenney earned $4.47 million in 2018, or 0.2 percent more than in 2017.

His salary increased 3.5 percent from a year earlier to $743,750 in 2018. He earned a performance-based bonus of $1.1 million, the same as in 2017.

Kenney’s stock awards rose nearly 14 percent to $1.5 million. His stock options declined nearly 15 percent to $675,016.

The value of Kenney’s pension and non-qualified deferred compensation earnings grew by $286,725. That was 24 percent less growth than in 2017.

Kenney’s other perks, of $142,504, included $129,384 in company contributions to his retirement plan; $9,351 in tax and financial planning; and $3,769 in physicals.

Wilin: 419-427-8413 Send an E-mail to Lou Wilin

Comments