Michael Hennigan compensation by year
Marathon Petroleum Summary Compensation Table · all 7 fiscal years held| Component | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Salary | $954,167 | $1,485,417 | $1,600,000 | $1,675,343 | $1,737,809 | $1,457,377 | $1,050,000 |
| Bonus | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock awards | $2,215,393 | $8,988,339 | $14,186,189 | $13,925,769 | $16,200,864 | $17,084,462 | $9,147,232 |
| Option awards | $888,005 | $1,104,000 | $0 | $0 | $0 | $0 | $0 |
| Non-equity incentive | $3,166,666 | $3,079,333 | $4,416,300 | $4,376,800 | $4,688,700 | $3,759,500 | $2,477,500 |
| Pension and deferred compensation | $245,801 | $440,104 | $450,102 | $595,747 | $741,763 | $799,469 | $680,357 |
| All other | $186,835 | $437,072 | $532,615 | $714,873 | $685,356 | $654,345 | $752,410 |
| Total | $7,656,867 | $15,534,265 | $21,185,206 | $21,288,532 | $24,054,492 | $23,755,153 | $14,107,499 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: Marathon Petroleum Corp DEF 14A filed March 16, 2026, accession 0001510295-26-000023, and prior-year filings. Open the filing on EDGAR.
How this page was built: the Marathon Petroleum Corp filed document, accession 0001510295-26-000023. Every figure is read from that document and cited to the page and table it appears in. Filed March 16, 2026.
Equity holdings
unvested awards at FY2024 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| PSU | 117,421 | $32,760,459 | — |
| RSU | 147,195 | $7,044,753 | — |
| RSU | 40,781 | $5,688,950 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in Marathon Petroleum Corp's FY2024 proxy; value at the fiscal year-end close, as the company printed it.
Marathon Petroleum’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Maryann Mannen | President and CEO | $19,016,261 |
| Michael Hennigan · this page | Executive Chairman | $14,107,499 |
| John Quaid | Executive Vice President and CFO | $5,935,241 |
| Timothy Aydt | Former Executive Vice President Refining | $5,482,977 |
| Rick Hessling | Chief Commercial Officer | $4,110,852 |
| Molly Benson | Chief Legal Officer and Corporate Secretary | $4,061,293 |
Board service
Marathon Petroleum board · FY2023–FY2025How this board is paid
Company policy: Marathon Petroleum pays directors a $150,000 cash retainer and $185,000 in equity. As stated in Marathon Petroleum's FY2025 proxy.
Michael Hennigan's compensation dossier, Marathon Petroleum
You have read Michael Hennigan's totals and holdings. The dossier adds each equity grant Marathon Petroleum disclosed for Michael Hennigan and Marathon Petroleum's own disclosed peer group, where the company discloses them, with every row in a PDF and a CSV cited to its filing.
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are Marathon Petroleum's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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