Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-01

Marathon Petroleum (MPC)

CEO Maryann Mannen was paid $19,016,261 in fiscal year 2025, ↑ up 32.2% from fiscal year 2024, the 1st percentile of its disclosed peer group (SEC filing 0001510295-26-000023 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$19,016,261 ↑
Maryann Mannen total, FY2025
1st
CEO pay percentile vs peers
102:1
CEO-to-median pay ratio
97.45%
Say-on-pay support, latest vote

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MPC's next annual pay disclosure, estimated March 15, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Maryann Mannen$1,400,000$0$13,391,322$0$3,303,300$467,458$454,181$19,016,261
President and CEO
Michael Hennigan1,050,00009,147,23202,477,500680,357752,41014,107,499
Executive Chairman
John Quaid830,02703,502,39501,201,200243,560158,0595,935,241
Executive Vice President and CFO
Timothy Aydt890,00002,060,16701,272,700231,5761,028,5345,482,977
Former Executive Vice President Refining
Rick Hessling693,76702,060,1670900,900316,905139,1134,110,852
Chief Commercial Officer
Molly Benson687,53402,060,1670900,900280,019132,6734,061,293
Chief Legal Officer and Corporate Secretary

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Maryann Mannen$19,016,261$14,388,817$8,683,978↑ +4,627,444
Michael Hennigan14,107,49923,755,15324,054,492↓ −9,647,654
John Quaid5,935,2415,809,638—↑ +125,603
Timothy Aydt5,482,9776,247,8905,270,656↓ −764,913
Rick Hessling4,110,8524,225,326—↓ −114,474
Molly Benson4,061,2933,911,616—↑ +149,677

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against MPC
16 companies name MPC as a compensation peer

The list of companies that name MPC as a peer is temporarily unavailable — recheck shortly.

01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Abdulaziz F. AlkhayyalIndependent Director$396,497
Charles E. BunchFormer director (through FY2025)$144,670
Edward G. GalanteFormer director (through FY2025)$124,670
Eileen P. PatersonIndependent Director$396,497
Evan BayhIndependent Director$421,497
Frank M. SempleIndependent Director$683,049
J. Michael SticeIndependent Director$679,739
Jeffrey C. CampbellIndependent Director$426,524
John P. SurmaLead Independent Director$758,049
Jonathan Z. CohenIndependent Director$416,497
Kim K.W. RuckerIndependent Director$413,187
Kimberly N. Ellison-TaylorIndependent Director$406,497
Susan TomaskyFormer director (through FY2025)$126,332
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
John QuaidRSU2025-03-01——4,459—$669,653
Maryann MannenRSU2025-03-01——48,863—2,634,204
Timothy AydtRSU2025-03-01——7,517—405,241
Rick HesslingRSU2025-03-01——2,623—393,922
Molly BensonRSU2025-03-01——7,517—405,241
Timothy AydtRSU2025-03-01——2,623—393,922
Maryann MannenPSU2025-03-0125,57251,144—102,2888,196,849
Maryann MannenRSU2025-03-01——17,048—2,560,269
Timothy AydtPSU2025-03-013,9347,868—15,7361,261,004
John QuaidPSU2025-03-016,68813,376—26,7522,143,772
Michael HenniganRSU2025-03-01——11,645—1,748,846
Molly BensonRSU2025-03-01——2,623—393,922
Michael HenniganRSU2025-03-01——33,377—1,799,354
John QuaidRSU2025-03-01——12,780—688,970
Michael HenniganPSU2025-03-0117,46834,935—69,8705,599,032
Rick HesslingRSU2025-03-01——7,517—405,241
Rick HesslingPSU2025-03-013,9347,868—15,7361,261,004
Molly BensonPSU2025-03-013,9347,868—15,7361,261,004
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
John Quaid$1,358,623$2,143,772$061.2%
Maryann Mannen5,194,4738,196,849061.2%
Timothy Aydt799,1631,261,004061.2%
Rick Hessling799,1631,261,004061.2%
Molly Benson799,1631,261,004061.2%
Michael Hennigan3,548,2005,599,032061.2%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Molly BensonRSU14,663—$2,384,644
Michael HenniganRSU105,943—17,229,510
Timothy AydtRSU21,622—3,516,387
John QuaidPSU24,398—7,935,694
Rick HesslingRSU4,563—742,081
Timothy AydtPSU18,534—6,028,369
Rick HesslingPSU14,979—4,872,070
Molly BensonPSU14,268—4,640,810
John QuaidRSU26,391—4,291,967
Maryann MannenPSU79,302—25,793,768
Maryann MannenRSU74,819—12,167,815
Rick HesslingRSU15,749—2,561,261
Michael HenniganPSU87,554—28,477,814
Michael HenniganRSU29,316—4,767,661
Maryann MannenRSU28,031—4,558,682
John QuaidRSU7,715—1,254,690
Timothy AydtRSU6,036—981,635
Molly BensonPSU4,292—698,008
05

Incentive-plan design — the Compensation Discussion & Analysis

CEO STI target (% of salary)165%
CEO LTI target (% of salary)—
Independent consultantFW Cook
Clawback policy—
Anti-hedging—
Anti-pledging—
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-29202,102,7245,289,661896,07097.45%Passed
20252025-04-30197,907,69314,033,851990,57593.38%Passed
20242024-04-24227,571,90720,486,002954,33691.74%Passed
20232023-04-26292,693,06224,656,9531,815,24792.23%Passed
20222022-04-27365,295,26632,740,3481,356,03991.77%Passed
20212021-04-28130,447,832301,702,8152,589,75630.19%Failed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-04-2997.45%a
20252025-04-3093.38%b
20242024-04-2491.74%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be considered votes "cast" and will have no effect on the outcome.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be considered votes "cast" and will have no effect on the outcome.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be considered votes "cast" and will have no effect on the outcome.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)102 : 1
CEO total compensation$19,016,261
Median employee compensation$186,132
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
John P. SurmaIndependent · Lead Independent Director · Audit$325,000$413,049$0—$20,000$758,049
Frank M. SempleIndependent · Audit · Compensation and Organization Development250,000413,0490—20,000683,049
J. Michael SticeIndependent266,690413,0490——679,739
Jeffrey C. CampbellIndependent · Audit (Chair)170,027246,4970—10,000426,524
Evan BayhIndependent175,000246,4970——421,497
Jonathan Z. CohenIndependent · Audit150,000246,4970—20,000416,497
Kim K.W. RuckerIndependent · Audit · Compensation and Organization Development (Chair)166,690246,4970——413,187
Kimberly N. Ellison-TaylorIndependent · Audit150,000246,4970—10,000406,497
Eileen P. PatersonIndependent · Compensation and Organization Development150,000246,4970——396,497
Abdulaziz F. AlkhayyalIndependent · Compensation and Organization Development · Sustainability and Public Policy150,000246,4970——396,497
Charles E. BunchIndependent · Departed during FY58,17361,4970—25,000144,670
Susan TomaskyIndependent · Departed during FY59,83561,4970—5,000126,332
Edward G. GalanteIndependent · Departed during FY58,17361,4970—5,000124,670
Michael J. HenniganEmployee director · Departed during FY000000
Maryann T. MannenEmployee director · Board Chair000000
09

Board fee structure and ownership guideline

Annual cash retainer$150,000
Annual equity retainer$185,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)30,000 / 25,000 / 25,000
Stock ownership guideline$750,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$2,129,588
Equity awards (grant-date value)$3,149,117
All other compensation$115,000
Total cost of the board$5,393,705

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

FIS Information Corporate
10a

Peer reciprocity

Of the companies Marathon Petroleum names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Marathon Petroleum.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Information2025Stephanie Ferris$1,250,000$18,741,367$0$2,812,500$22,928,412
2Marathon Petroleum2025Maryann Mannen1,400,00013,391,32203,303,30019,016,261

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Marathon Petroleum143%not disclosedYes — Relative TSRFW Cook
Information100%PSU 50 · RSU 50Yes — Relative TSR vs S&P 500Meridian

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at Marathon Petroleum in fiscal 2025?
As disclosed, Maryann Mannen (President and CEO) was the highest-paid executive at Marathon Petroleum in fiscal 2025, with total compensation of $19,016,261.
How does Marathon Petroleum's chief executive pay compare to its disclosed peer group?
As disclosed, Maryann Mannen's total compensation ranked at the 1st percentile of Marathon Petroleum's disclosed peer group.
What is Marathon Petroleum's CEO-to-median employee pay ratio?
As disclosed, Marathon Petroleum's CEO-to-median employee pay ratio was 102:1.
How did shareholders vote on Marathon Petroleum's executive compensation?
As disclosed, 97.45% of shareholders supported Marathon Petroleum's executive compensation in the latest say-on-pay vote.
How much does Marathon Petroleum spend in total on board compensation for fiscal 2025?
As disclosed, Marathon Petroleum reported total board compensation of $5,393,705 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Maryann MannenDEF 14A2026-03-160001510295-26-000023Section “Summary Compensation Table”. As printed: 19,016,261. Filing ↗machine: t228 · r3 · c8 · span 2936922–2936932
2Section 01, Michael HenniganDEF 14A2026-03-160001510295-26-000023Section “Summary Compensation Table”. As printed: 14,107,499. Filing ↗machine: r6 · c8 · span 2949718–2949728
3Section 01, John QuaidDEF 14A2026-03-160001510295-26-000023Section “Summary Compensation Table”. As printed: 5,935,241. Filing ↗machine: r9 · c8 · span 2962670–2962679
4Section 01, Timothy AydtDEF 14A2026-03-160001510295-26-000023Section “Summary Compensation Table”. As printed: 5,482,977. Filing ↗machine: r15 · c8 · span 2989753–2989762
5Section 01, Rick HesslingDEF 14A2026-03-160001510295-26-000023Section “Summary Compensation Table”. As printed: 4,110,852. Filing ↗machine: r11 · c8 · span 2971425–2971434
6Section 01, Molly BensonDEF 14A2026-03-160001510295-26-000023Section “Summary Compensation Table”. As printed: 4,061,293. Filing ↗machine: r13 · c8 · span 2980499–2980508
7Section 03, John Quaid RSUDEF 14A1900-01-010001510295-26-000023Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 3144293–3144300
8Section 03, Maryann Mannen RSUDEF 14A1900-01-010001510295-26-000023Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 3118998–3119007
9Section 03, Timothy Aydt RSUDEF 14A1900-01-010001510295-26-000023Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 3203700–3203707
10Section 03, Rick Hessling RSUDEF 14A1900-01-010001510295-26-000023Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 3161321–3161328
11Section 03, Molly Benson RSUDEF 14A1900-01-010001510295-26-000023Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 3187200–3187207
12Section 03, Timothy Aydt RSUDEF 14A1900-01-010001510295-26-000023Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 3195394–3195401
13Section 03, Maryann Mannen PSUDEF 14A1900-01-010001510295-26-000023Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 3115175–3115184
14Section 03, Maryann Mannen RSUDEF 14A1900-01-010001510295-26-000023Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 3110190–3110199
15Section 03, Timothy Aydt PSUDEF 14A1900-01-010001510295-26-000023Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 3200171–3200180
16Section 03, John Quaid PSUDEF 14A1900-01-010001510295-26-000023Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 3149307–3149316
17Section 03, Michael Hennigan RSUDEF 14A1900-01-010001510295-26-000023Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 3127238–3127247
18Section 03, Molly Benson RSUDEF 14A1900-01-010001510295-26-000023Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 3178372–3178379
19Section 03, Michael Hennigan RSUDEF 14A1900-01-010001510295-26-000023Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 3135569–3135578
20Section 03, John Quaid RSUDEF 14A1900-01-010001510295-26-000023Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 3153121–3153128
21Section 03, Michael Hennigan PSUDEF 14A1900-01-010001510295-26-000023Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 3131992–3132001
22Section 03, Rick Hessling RSUDEF 14A1900-01-010001510295-26-000023Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 3169649–3169656
23Section 03, Rick Hessling PSUDEF 14A1900-01-010001510295-26-000023Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 3166098–3166107
24Section 03, Molly Benson PSUDEF 14A1900-01-010001510295-26-000023Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 3183399–3183408
25Section 07, pay ratioDEF 14A2026-03-160001510295-26-000023Section “CEO Pay Ratio”. As printed: 102 : 1. Filing ↗
26Section 08, John P. SurmaDEF 14A2026-03-160001510295-26-000023Section “Director Compensation”. As printed: 758,049. Filing ↗machine: t133 · r14 · c7 · span 1786656–1787396
27Section 08, Frank M. SempleDEF 14A2026-03-160001510295-26-000023Section “Director Compensation”. As printed: 683,049. Filing ↗machine: t133 · r12 · c7 · span 1776305–1777045
28Section 08, J. Michael SticeDEF 14A2026-03-160001510295-26-000023Section “Director Compensation”. As printed: 679,739. Filing ↗machine: t133 · r13 · c7 · span 1781482–1782222
29Section 08, Jeffrey C. CampbellDEF 14A2026-03-160001510295-26-000023Section “Director Compensation”. As printed: 426,524. Filing ↗machine: t133 · r6 · c7 · span 1751230–1751969
30Section 08, Evan BayhDEF 14A2026-03-160001510295-26-000023Section “Director Compensation”. As printed: 421,497. Filing ↗machine: t133 · r4 · c7 · span 1743065–1743804
31Section 08, Jonathan Z. CohenDEF 14A2026-03-160001510295-26-000023Section “Director Compensation”. As printed: 416,497. Filing ↗machine: t133 · r7 · c7 · span 1755211–1755950
32Section 08, Kim K.W. RuckerDEF 14A2026-03-160001510295-26-000023Section “Director Compensation”. As printed: 413,187. Filing ↗machine: t133 · r11 · c7 · span 1771529–1772269
33Section 08, Kimberly N. Ellison-TaylorDEF 14A2026-03-160001510295-26-000023Section “Director Compensation”. As printed: 406,497. Filing ↗machine: t133 · r8 · c7 · span 1759201–1759940
34Section 08, Eileen P. PatersonDEF 14A2026-03-160001510295-26-000023Section “Director Compensation”. As printed: 396,497. Filing ↗machine: t133 · r10 · c7 · span 1767543–1768283
35Section 08, Abdulaziz F. AlkhayyalDEF 14A2026-03-160001510295-26-000023Section “Director Compensation”. As printed: 396,497. Filing ↗machine: t133 · r3 · c7 · span 1739095–1739832
36Section 08, Charles E. BunchDEF 14A2026-03-160001510295-26-000023Section “Director Compensation”. As printed: 144,670. Filing ↗machine: t133 · r5 · c7 · span 1747247–1747986
37Section 08, Susan TomaskyDEF 14A2026-03-160001510295-26-000023Section “Director Compensation”. As printed: 126,332. Filing ↗machine: t133 · r15 · c7 · span 1791225–1791963
38Section 08, Edward G. GalanteDEF 14A2026-03-160001510295-26-000023Section “Director Compensation”. As printed: 124,670. Filing ↗machine: t133 · r9 · c7 · span 1763555–1764295
39Section 08, Michael J. HenniganDEF 14A2026-03-160001510295-26-000023Section “Director Compensation”. As printed: 0. Filing ↗
40Section 08, Maryann T. MannenDEF 14A2026-03-160001510295-26-000023Section “Director Compensation”. As printed: 0. Filing ↗
41Section 06, 2026 voteForm 8-K2026-05-010001510295-26-000033Item 5.07 · say-on-pay result. As reported: 97.45% (votes for as printed: 202,102,724). Filing ↗
42Section 06, 2025 voteForm 8-K2025-05-020001510295-25-000035Item 5.07 · say-on-pay result. As reported: 93.38% (votes for as printed: 197,907,693). Filing ↗
43Section 06, 2024 voteForm 8-K2024-04-260001510295-24-000041Item 5.07 · say-on-pay result. As reported: 91.74% (votes for as printed: 227,571,907). Filing ↗
44Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
45Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
46Section 09b board cost (computed)Computed——Cash 2,129,588 + equity 3,149,117 + all other 115,000 = 5,393,705, summed across the director compensation table rows.machine: formula: Σ = 5,393,705
47Information, Section 10b CEO totalDEF 14A2026-04-280001136893-26-000026CEO total compensation as printed in Information's own proxy. As printed: 22,928,412. Filing ↗machine: r2 · c8 · span 2228542–2228552
48Marathon Petroleum (subject), Section 10b CEO totalDEF 14A2026-03-160001510295-26-000023CEO total compensation as printed in Marathon Petroleum's own proxy. As printed: 19,016,261. Filing ↗machine: t228 · r3 · c8 · span 2936922–2936932
49Section 10a, Information reciprocityDEF 14A—0001136893-26-000026Information's most recent proxy was read; its disclosed peer group does not include Marathon Petroleum. Filing ↗

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