Marathon Petroleum Executive Compensation Details Revealed
Ticker: MPC · Form: DEF 14A · Filed: 2024-03-14T00:00:00.000Z
Sentiment: neutral
Topics: executive-compensation, proxy-statement, annual-filing
Related Tickers: MPC
TL;DR
MPC's DEF 14A is out, showing exec pay details for 2023. Expect info on stock awards and pensions.
AI Summary
Marathon Petroleum Corp (MPC) filed its DEF 14A on March 14, 2024, detailing executive compensation for the fiscal year ending December 31, 2023. The filing includes information on the fair value of equity-based awards granted, changes in pension values, and pension service costs for its PEO members. Specific dollar amounts and dates related to these compensation components are provided within the document.
Why It Matters
This filing provides transparency into how Marathon Petroleum compensates its top executives, which can influence investor perception and corporate governance.
Risk Assessment
Risk Level: low — This is a routine annual filing disclosing executive compensation, not indicating new or unusual risks.
Key Numbers
- 2023 — Fiscal Year (The period for which executive compensation is detailed.)
- 2022 — Fiscal Year (Comparative compensation data from the previous year.)
- 2021 — Fiscal Year (Comparative compensation data from two years prior.)
Key Players & Entities
- Marathon Petroleum Corp (company) — Filer of the DEF 14A
- 2023-12-31 (date) — Fiscal year end for compensation details
- March 14, 2024 (date) — Filing date of the DEF 14A
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Definitive Proxy Statement, is used to solicit proxies from shareholders for an upcoming annual meeting and provides detailed information about matters to be voted on, including executive compensation.
When was Marathon Petroleum Corp's DEF 14A filed?
Marathon Petroleum Corp's DEF 14A was filed on March 14, 2024.
What fiscal year does this filing primarily cover for compensation details?
This filing primarily covers the fiscal year ending December 31, 2023, for executive compensation details.
What specific types of compensation are detailed in this filing for PEO members?
The filing details the fair value of equity-based awards granted, changes in pension values, and pension service costs for its PEO members.
What is the standard industrial classification for Marathon Petroleum Corp?
The standard industrial classification for Marathon Petroleum Corp is PETROLEUM REFINING [2911].
From the Filing
0001510295-24-000033.txt : 20240314 0001510295-24-000033.hdr.sgml : 20240314 20240314160649 ACCESSION NUMBER: 0001510295-24-000033 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 133 CONFORMED PERIOD OF REPORT: 20240424 FILED AS OF DATE: 20240314 DATE AS OF CHANGE: 20240314 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Marathon Petroleum Corp CENTRAL INDEX KEY: 0001510295 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 271284632 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-35054 FILM NUMBER: 24750109 BUSINESS ADDRESS: STREET 1: 539 SOUTH MAIN STREET CITY: FINDLAY STATE: OH ZIP: 45840-3229 BUSINESS PHONE: 419-421-2159 MAIL ADDRESS: STREET 1: 539 SOUTH MAIN STREET CITY: FINDLAY STATE: OH ZIP: 45840-3229 DEF 14A 1 mpc-20240313.htm DEF 14A mpc-20240313 DEF 14A 0001510295 false 0001510295 2023-01-01 2023-12-31 iso4217:USD xbrli:pure 0001510295 2022-01-01 2022-12-31 0001510295 2021-01-01 2021-12-31 0001510295 2020-01-01 2020-12-31 0001510295 2020-01-01 2020-04-29 0001510295 ecd:PeoMember mpc:GrantDateFairValueOfEquityBasedAwardsMember 2023-01-01 2023-12-31 0001510295 ecd:PeoMember mpc:ChangeInPensionValueMember 2023-01-01 2023-12-31 0001510295 ecd:PeoMember mpc:PensionServiceCostMember 2023-01-01 2023-12-31 0001510295 mpc:ChangeInValueOfEquityAwardsMember ecd:PeoMember 2023-01-01 2023-12-31 0001510295 ecd:PeoMember mpc:GrantDateFairValueOfEquityBasedAwardsMember 2022-01-01 2022-12-31 0001510295 ecd:PeoMember mpc:ChangeInPensionValueMember 2022-01-01 2022-12-31 0001510295 ecd:PeoMember mpc:PensionServiceCostMember 2022-01-01 2022-12-31 0001510295 mpc:ChangeInValueOfEquityAwardsMember ecd:PeoMember 2022-01-01 2022-12-31 0001510295 ecd:PeoMember mpc:GrantDateFairValueOfEquityBasedAwardsMember 2021-01-01 2021-12-31 0001510295 ecd:PeoMember mpc:ChangeInPensionValueMember 2021-01-01 2021-12-31 0001510295 ecd:PeoMember mpc:PensionServiceCostMember 2021-01-01 2021-12-31 0001510295 mpc:ChangeInValueOfEquityAwardsMember ecd:PeoMember 2021-01-01 2021-12-31 0001510295 ecd:PeoMember mpc:GrantDateFairValueOfEquityBasedAwardsMember 2020-01-01 2020-12-31 0001510295 ecd:PeoMember mpc:ChangeInPensionValueMember 2020-01-01 2020-12-31 0001510295 ecd:PeoMember mpc:PensionServiceCostMember 2020-01-01 2020-12-31 0001510295 mpc:ChangeInValueOfEquityAwardsMember ecd:PeoMember 2020-01-01 2020-12-31 0001510295 ecd:PeoMember mpc:GrantDateFairValueOfEquityBasedAwardsMember 2020-01-01 2020-04-29 0001510295 ecd:PeoMember mpc:ChangeInPensionValueMember 2020-01-01 2020-04-29 0001510295 ecd:PeoMember mpc:PensionServiceCostMember 2020-01-01 2020-04-29 0001510295 mpc:ChangeInValueOfEquityAwardsMember ecd:PeoMember 2020-01-01 2020-04-29 0001510295 mpc:GrantDateFairValueOfEquityBasedAwardsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001510295 mpc:ChangeInPensionValueMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001510295 ecd:NonPeoNeoMember mpc:PensionServiceCostMember 2023-01-01 2023-12-31 0001510295 mpc:ChangeInValueOfEquityAwardsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001510295 mpc:GrantDateFairValueOfEquityBasedAwardsMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001510295 mpc:ChangeInPensionValueMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001510295 ecd:NonPeoNeoMember mpc:PensionServiceCostMember 2022-01-01 2022-12-31 0001510295 mpc:ChangeInValueOfEquityAwardsMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001510295 mpc:GrantDateFairValueOfEquityBasedAwardsMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0001510295 mpc:ChangeInPensionValueMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0001510295 ecd:NonPeoNeoMember mpc:PensionServiceCostMember 2021-01-01 2021-12-31 0001510295 mpc:ChangeInValueOfEquityAwardsMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0001510295 mpc:GrantDateFairValueOfEquityBasedAwardsMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0001510295 mpc:ChangeInPe