Companies Marathon Petroleum Corp
Marathon Petroleum (MPC): executive pay, fiscal 2025
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CEO pay, last three years
- $8,683,978FY2023
- $14,388,817FY2024
- $19,016,261FY2025
CEO total pay was $19,016,261 in fiscal 2025, up from $14,388,817 in fiscal 2024.
FY2025: salary $1,400,000 · bonus $0 · stock awards $13,391,322 · option awards $0
Executives and directors
Frequently asked questions
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.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Maryann Mannen | $1,400,000 | $0 | $13,391,322 | $0 | $3,303,300 | $467,458 | $454,181 | $19,016,261 |
| President and CEO | ||||||||
| Michael Hennigan | 1,050,000 | 0 | 9,147,232 | 0 | 2,477,500 | 680,357 | 752,410 | 14,107,499 |
| Executive Chairman | ||||||||
| John Quaid | 830,027 | 0 | 3,502,395 | 0 | 1,201,200 | 243,560 | 158,059 | 5,935,241 |
| Executive Vice President and CFO | ||||||||
| Timothy Aydt | 890,000 | 0 | 2,060,167 | 0 | 1,272,700 | 231,576 | 1,028,534 | 5,482,977 |
| Former Executive Vice President Refining | ||||||||
| Rick Hessling | 693,767 | 0 | 2,060,167 | 0 | 900,900 | 316,905 | 139,113 | 4,110,852 |
| Chief Commercial Officer | ||||||||
| Molly Benson | 687,534 | 0 | 2,060,167 | 0 | 900,900 | 280,019 | 132,673 | 4,061,293 |
| 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 officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Maryann Mannen | $19,016,261 | $14,388,817 | $8,683,978 | ↑ +4,627,444 |
| Michael Hennigan | 14,107,499 | 23,755,153 | 24,054,492 | ↓ −9,647,654 |
| John Quaid | 5,935,241 | 5,809,638 | — | ↑ +125,603 |
| Timothy Aydt | 5,482,977 | 6,247,890 | 5,270,656 | ↓ −764,913 |
| Rick Hessling | 4,110,852 | 4,225,326 | — | ↓ −114,474 |
| Molly Benson | 4,061,293 | 3,911,616 | — | ↑ +149,677 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
| CEO STI target (% of salary) | 165% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | FW Cook |
| Clawback policy | — |
| Anti-hedging | — |
| Anti-pledging | — |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| John Quaid | RSU | 2025-03-01 | — | — | 4,459 | — | $669,653 |
| Maryann Mannen | RSU | 2025-03-01 | — | — | 48,863 | — | 2,634,204 |
| Timothy Aydt | RSU | 2025-03-01 | — | — | 7,517 | — | 405,241 |
| Rick Hessling | RSU | 2025-03-01 | — | — | 2,623 | — | 393,922 |
| Molly Benson | RSU | 2025-03-01 | — | — | 7,517 | — | 405,241 |
| Timothy Aydt | RSU | 2025-03-01 | — | — | 2,623 | — | 393,922 |
| Maryann Mannen | PSU | 2025-03-01 | 25,572 | 51,144 | — | 102,288 | 8,196,849 |
| Maryann Mannen | RSU | 2025-03-01 | — | — | 17,048 | — | 2,560,269 |
| Timothy Aydt | PSU | 2025-03-01 | 3,934 | 7,868 | — | 15,736 | 1,261,004 |
| John Quaid | PSU | 2025-03-01 | 6,688 | 13,376 | — | 26,752 | 2,143,772 |
| Michael Hennigan | RSU | 2025-03-01 | — | — | 11,645 | — | 1,748,846 |
| Molly Benson | RSU | 2025-03-01 | — | — | 2,623 | — | 393,922 |
| Michael Hennigan | RSU | 2025-03-01 | — | — | 33,377 | — | 1,799,354 |
| John Quaid | RSU | 2025-03-01 | — | — | 12,780 | — | 688,970 |
| Michael Hennigan | PSU | 2025-03-01 | 17,468 | 34,935 | — | 69,870 | 5,599,032 |
| Rick Hessling | RSU | 2025-03-01 | — | — | 7,517 | — | 405,241 |
| Rick Hessling | PSU | 2025-03-01 | 3,934 | 7,868 | — | 15,736 | 1,261,004 |
| Molly Benson | PSU | 2025-03-01 | 3,934 | 7,868 | — | 15,736 | 1,261,004 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| John Quaid | $1,358,623 | $2,143,772 | $0 | 61.2% |
| Maryann Mannen | 5,194,473 | 8,196,849 | 0 | 61.2% |
| Timothy Aydt | 799,163 | 1,261,004 | 0 | 61.2% |
| Rick Hessling | 799,163 | 1,261,004 | 0 | 61.2% |
| Molly Benson | 799,163 | 1,261,004 | 0 | 61.2% |
| Michael Hennigan | 3,548,200 | 5,599,032 | 0 | 61.2% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Molly Benson | PSU | 4,292 | — | $698,008 |
| Rick Hessling | RSU | 4,563 | — | 742,081 |
| Timothy Aydt | RSU | 6,036 | — | 981,635 |
| John Quaid | RSU | 7,715 | — | 1,254,690 |
| Molly Benson | PSU | 14,268 | — | 4,640,810 |
| Molly Benson | RSU | 14,663 | — | 782,564 |
| Rick Hessling | PSU | 14,979 | — | 4,872,070 |
| Rick Hessling | RSU | 15,749 | — | 840,524 |
| Timothy Aydt | PSU | 18,534 | — | 6,028,369 |
| Timothy Aydt | RSU | 21,622 | — | 1,153,966 |
| John Quaid | PSU | 24,398 | — | 7,935,694 |
| John Quaid | RSU | 26,391 | — | 1,408,488 |
| Maryann Mannen | RSU | 28,031 | — | 4,558,682 |
| Michael Hennigan | RSU | 29,316 | — | 4,767,661 |
| Maryann Mannen | RSU | 74,819 | — | 3,993,090 |
| Maryann Mannen | PSU | 79,302 | — | 25,793,768 |
| Michael Hennigan | PSU | 87,554 | — | 28,477,814 |
| Michael Hennigan | RSU | 105,943 | — | 5,654,178 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| John P. SurmaIndependent · Lead Independent Director · Audit | $325,000 | $413,049 | $0 | — | $20,000 | $758,049 |
| Frank M. SempleIndependent · Audit · Compensation and Organization Development | 250,000 | 413,049 | 0 | — | 20,000 | 683,049 |
| J. Michael SticeIndependent | 266,690 | 413,049 | 0 | — | — | 679,739 |
| Jeffrey C. CampbellIndependent · Audit (Chair) | 170,027 | 246,497 | 0 | — | 10,000 | 426,524 |
| Evan BayhIndependent | 175,000 | 246,497 | 0 | — | — | 421,497 |
| Jonathan Z. CohenIndependent · Audit | 150,000 | 246,497 | 0 | — | 20,000 | 416,497 |
| Kim K.W. RuckerIndependent · Audit · Compensation and Organization Development (Chair) | 166,690 | 246,497 | 0 | — | — | 413,187 |
| Kimberly N. Ellison-TaylorIndependent · Audit | 150,000 | 246,497 | 0 | — | 10,000 | 406,497 |
| Eileen P. PatersonIndependent · Compensation and Organization Development | 150,000 | 246,497 | 0 | — | — | 396,497 |
| Abdulaziz F. AlkhayyalIndependent · Compensation and Organization Development · Sustainability and Public Policy | 150,000 | 246,497 | 0 | — | — | 396,497 |
| Charles E. BunchIndependent · Departed during FY | 58,173 | 61,497 | 0 | — | 25,000 | 144,670 |
| Susan TomaskyIndependent · Departed during FY | 59,835 | 61,497 | 0 | — | 5,000 | 126,332 |
| Edward G. GalanteIndependent · Departed during FY | 58,173 | 61,497 | 0 | — | 5,000 | 124,670 |
| Michael J. HenniganEmployee director · Departed during FY | 0 | 0 | 0 | 0 | 0 | 0 |
| Maryann T. MannenEmployee director · Board Chair | 0 | 0 | 0 | 0 | 0 | 0 |
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 | $5 |
Total cost of the board
| Component | FY2025 |
|---|---|
| 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.
Peer group, and who names Marathon Petroleum as a peer
Companies that benchmark against MPC
16 companies name MPC as a compensation peer
- Archer-Daniels-Midland CoADMFY2025
- Bunge Global SABGFY2025
- Cheniere Energy, Inc.LNGFY2025
- CVR ENERGY INCCVIFY2025
- Elevance Health, Inc.ELVFY2025
- ENBRIDGE INCENBFY2025
- FEDEX CORPFDXFY2026
- HF Sinclair CorpDINOFY2025
- LyondellBasell Industries N.V.LYBFY2025
- OCCIDENTAL PETROLEUM CORP /DE/OXYFY2025
- ONEOK INC /NEW/OKEFY2025
- PBF Energy Inc.PBFFY2025
- Phillips 66PSXFY2025
- VALERO ENERGY CORP/TXVLOFY2025
- WILLIAMS COMPANIES, INC.WMBFY2025
Each company listed discloses MPC in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named MPC in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
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.
Peer reciprocity
Of the companies Marathon Petroleum Corp 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 Corp.
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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Information | 2025 | Stephanie Ferris | $1,250,000 | $18,741,367 | $0 | $2,812,500 | $22,928,412 |
| 2 | Marathon Petroleum Corp | 2025 | Maryann Mannen | 1,400,000 | 13,391,322 | 0 | 3,303,300 | 19,016,261 |
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.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Marathon Petroleum Corp | 143% | not disclosed | Yes — Relative TSR | FW Cook |
| Information | 100% | PSU 50 · RSU 50 | Yes — Relative TSR vs S&P 500 | Meridian |
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.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-04-29 | 202,102,724 | 5,289,661 | 896,070 | 97.45% | Passed |
| 2025 | 2025-04-30 | 197,907,693 | 14,033,851 | 990,575 | 93.38% | Passed |
| 2024 | 2024-04-24 | 227,571,907 | 20,486,002 | 954,336 | 91.74% | Passed |
| 2023 | 2023-04-26 | 292,693,062 | 24,656,953 | 1,815,247 | 92.23% | Passed |
| 2022 | 2022-04-27 | 365,295,266 | 32,740,348 | 1,356,039 | 91.77% | Passed |
| 2021 | 2021-04-28 | 130,447,832 | 301,702,815 | 2,589,756 | 30.19% | 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 year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-04-29 | 97.45%a |
| 2025 | 2025-04-30 | 93.38%b |
| 2024 | 2024-04-24 | 91.74%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.
CEO pay ratio
| Ratio (CEO : median employee) | 102 : 1 |
|---|---|
| CEO total compensation | $19,016,261 |
| Median employee compensation | $186,132 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (49 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Maryann Mannen. DEF 14A, filed 2026-03-16. Section “Summary Compensation Table”. As printed: 19,016,261. View filing ↗
- Section 01, Michael Hennigan. DEF 14A, filed 2026-03-16. Section “Summary Compensation Table”. As printed: 14,107,499. View filing ↗
- Section 01, John Quaid. DEF 14A, filed 2026-03-16. Section “Summary Compensation Table”. As printed: 5,935,241. View filing ↗
- Section 01, Timothy Aydt. DEF 14A, filed 2026-03-16. Section “Summary Compensation Table”. As printed: 5,482,977. View filing ↗
- Section 01, Rick Hessling. DEF 14A, filed 2026-03-16. Section “Summary Compensation Table”. As printed: 4,110,852. View filing ↗
- Section 01, Molly Benson. DEF 14A, filed 2026-03-16. Section “Summary Compensation Table”. As printed: 4,061,293. View filing ↗
- Section 03, John Quaid RSU. DEF 14A, filed 2026-03-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Maryann Mannen RSU. DEF 14A, filed 2026-03-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Timothy Aydt RSU. DEF 14A, filed 2026-03-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Rick Hessling RSU. DEF 14A, filed 2026-03-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Molly Benson RSU. DEF 14A, filed 2026-03-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Timothy Aydt RSU. DEF 14A, filed 2026-03-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Maryann Mannen PSU. DEF 14A, filed 2026-03-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Maryann Mannen RSU. DEF 14A, filed 2026-03-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Timothy Aydt PSU. DEF 14A, filed 2026-03-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, John Quaid PSU. DEF 14A, filed 2026-03-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Michael Hennigan RSU. DEF 14A, filed 2026-03-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Molly Benson RSU. DEF 14A, filed 2026-03-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Michael Hennigan RSU. DEF 14A, filed 2026-03-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, John Quaid RSU. DEF 14A, filed 2026-03-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Michael Hennigan PSU. DEF 14A, filed 2026-03-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Rick Hessling RSU. DEF 14A, filed 2026-03-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Rick Hessling PSU. DEF 14A, filed 2026-03-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Molly Benson PSU. DEF 14A, filed 2026-03-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-03-16. Section “CEO Pay Ratio”. As printed: 102 : 1. View filing ↗
- Section 08, John P. Surma. DEF 14A, filed 2026-03-16. Section “Director Compensation”. As printed: 758,049. View filing ↗
- Section 08, Frank M. Semple. DEF 14A, filed 2026-03-16. Section “Director Compensation”. As printed: 683,049. View filing ↗
- Section 08, J. Michael Stice. DEF 14A, filed 2026-03-16. Section “Director Compensation”. As printed: 679,739. View filing ↗
- Section 08, Jeffrey C. Campbell. DEF 14A, filed 2026-03-16. Section “Director Compensation”. As printed: 426,524. View filing ↗
- Section 08, Evan Bayh. DEF 14A, filed 2026-03-16. Section “Director Compensation”. As printed: 421,497. View filing ↗
- Section 08, Jonathan Z. Cohen. DEF 14A, filed 2026-03-16. Section “Director Compensation”. As printed: 416,497. View filing ↗
- Section 08, Kim K.W. Rucker. DEF 14A, filed 2026-03-16. Section “Director Compensation”. As printed: 413,187. View filing ↗
- Section 08, Kimberly N. Ellison-Taylor. DEF 14A, filed 2026-03-16. Section “Director Compensation”. As printed: 406,497. View filing ↗
- Section 08, Eileen P. Paterson. DEF 14A, filed 2026-03-16. Section “Director Compensation”. As printed: 396,497. View filing ↗
- Section 08, Abdulaziz F. Alkhayyal. DEF 14A, filed 2026-03-16. Section “Director Compensation”. As printed: 396,497. View filing ↗
- Section 08, Charles E. Bunch. DEF 14A, filed 2026-03-16. Section “Director Compensation”. As printed: 144,670. View filing ↗
- Section 08, Susan Tomasky. DEF 14A, filed 2026-03-16. Section “Director Compensation”. As printed: 126,332. View filing ↗
- Section 08, Edward G. Galante. DEF 14A, filed 2026-03-16. Section “Director Compensation”. As printed: 124,670. View filing ↗
- Section 08, Michael J. Hennigan. DEF 14A, filed 2026-03-16. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Maryann T. Mannen. DEF 14A, filed 2026-03-16. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-01. Item 5.07 · say-on-pay result. As reported: 97.45% (votes for as printed: 202,102,724). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-02. Item 5.07 · say-on-pay result. As reported: 93.38% (votes for as printed: 197,907,693). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-04-26. Item 5.07 · say-on-pay result. As reported: 91.74% (votes for as printed: 227,571,907). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 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).
- Section 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.
- Information, Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in Information's own proxy. As printed: 22,928,412. View filing ↗
- Marathon Petroleum Corp (subject), Section 10b CEO total. DEF 14A, filed 2026-03-16. CEO total compensation as printed in Marathon Petroleum Corp's own proxy. As printed: 19,016,261. View filing ↗
- Section 10a, Information reciprocity. DEF 14A. Information's most recent proxy was read; its disclosed peer group does not include Marathon Petroleum Corp. View filing ↗