Marathon Petroleum Executive Compensation Details

Ticker: MPC · Form: DEF 14A · Filed: 2025-03-17T00:00:00.000Z

Sentiment: neutral

Topics: executive-compensation, proxy-statement, governance

Related Tickers: MPC

TL;DR

MPC proxy statement out, detailing exec pay for 2024. Check out Mannen & Hennigan's comp.

AI Summary

Marathon Petroleum Corp filed a DEF 14A on March 17, 2025, detailing executive compensation for the fiscal year ending December 31, 2024. The filing includes information on equity awards and pension adjustments for key executives such as Maryann T. Mannen and Michael J. Hennigan. Specific compensation details and adjustments for the period August 1, 2024, to December 31, 2024, are outlined for Ms. Mannen.

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 proxy statement detailing executive compensation and does not present new material risks.

Key Players & Entities

Marathon Petroleum Corp (company) — Filer
Maryann T. Mannen (person) — Executive
Michael J. Hennigan (person) — Executive
Gary R. Heminger (person) — Former Executive

FAQ

What is the reporting period for the executive compensation detailed in this DEF 14A filing?

The filing details executive compensation for the fiscal year ending December 31, 2024, with specific periods noted for certain executives, such as August 1, 2024, to December 31, 2024, for Maryann T. Mannen.

Who are the key executives whose compensation is detailed in this filing?

Key executives mentioned include Maryann T. Mannen and Michael J. Hennigan.

What type of compensation elements are discussed in the filing?

The filing discusses elements such as equity awards and pension adjustments for executives.

When was this DEF 14A filing submitted to the SEC?

This DEF 14A filing was submitted on March 17, 2025.

What is Marathon Petroleum Corp's Standard Industrial Classification (SIC) code?

Marathon Petroleum Corp's SIC code is 2911, which corresponds to PETROLEUM REFINING.

From the Filing

0001510295-25-000023.txt : 20250317 0001510295-25-000023.hdr.sgml : 20250317 20250317165649 ACCESSION NUMBER: 0001510295-25-000023 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 92 CONFORMED PERIOD OF REPORT: 20250430 FILED AS OF DATE: 20250317 DATE AS OF CHANGE: 20250317 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: 25745372 BUSINESS ADDRESS: STREET 1: 539 SOUTH MAIN STREET CITY: FINDLAY STATE: OH ZIP: 45840-3229 BUSINESS PHONE: 419-422-2121 MAIL ADDRESS: STREET 1: 539 SOUTH MAIN STREET CITY: FINDLAY STATE: OH ZIP: 45840-3229 DEF 14A 1 mpc-20250317.htm DEF 14A mpc-20250317 DEF 14A 0001510295 false iso4217:USD xbrli:pure 0001510295 2024-01-01 2024-12-31 0001510295 mpc:MaryannT.MannenMember 2024-08-01 2024-12-31 0001510295 mpc:MichaelJ.HenniganMember 2024-01-01 2024-07-31 0001510295 mpc:MichaelJ.HenniganMember 2023-01-01 2023-12-31 0001510295 2023-01-01 2023-12-31 0001510295 mpc:MichaelJ.HenniganMember 2022-01-01 2022-12-31 0001510295 2022-01-01 2022-12-31 0001510295 mpc:MichaelJ.HenniganMember 2021-01-01 2021-12-31 0001510295 2021-01-01 2021-12-31 0001510295 mpc:MichaelJ.HenniganMember 2020-01-01 2020-12-31 0001510295 2020-01-01 2020-12-31 0001510295 mpc:GaryR.HemingerMember 2020-01-01 2020-04-29 0001510295 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember mpc:MaryannT.MannenMember 2024-08-01 2024-12-31 0001510295 ecd:AggtChngPnsnValInSummryCompstnTblForAplblYrMember ecd:PeoMember mpc:MaryannT.MannenMember 2024-08-01 2024-12-31 0001510295 ecd:PnsnAdjsSvcCstMember ecd:PeoMember mpc:MaryannT.MannenMember 2024-08-01 2024-12-31 0001510295 ecd:EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember ecd:PeoMember mpc:MaryannT.MannenMember 2024-08-01 2024-12-31 0001510295 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember mpc:MichaelJ.HenniganMember 2024-01-01 2024-07-31 0001510295 ecd:AggtChngPnsnValInSummryCompstnTblForAplblYrMember ecd:PeoMember mpc:MichaelJ.HenniganMember 2024-01-01 2024-07-31 0001510295 ecd:PnsnAdjsSvcCstMember ecd:PeoMember mpc:MichaelJ.HenniganMember 2024-01-01 2024-07-31 0001510295 ecd:EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember ecd:PeoMember mpc:MichaelJ.HenniganMember 2024-01-01 2024-07-31 0001510295 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001510295 ecd:AggtChngPnsnValInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001510295 ecd:PnsnAdjsSvcCstMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001510295 ecd:EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001510295 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember mpc:MaryannT.MannenMember 2024-08-01 2024-12-31 0001510295 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember mpc:MaryannT.MannenMember 2024-08-01 2024-12-31 0001510295 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:PeoMember mpc:MaryannT.MannenMember 2024-08-01 2024-12-31 0001510295 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember mpc:MaryannT.MannenMember 2024-08-01 2024-12-31 0001510295 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:PeoMember mpc:MaryannT.MannenMember 2024-08-01 2024-12-31 0001510295 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:PeoMember mpc:MaryannT.MannenMember 2024-08-01 2024-12-31 0001510295 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember mpc:MichaelJ.HenniganMember 2024-01-01 2024-07-31 0001510295 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember mpc:MichaelJ.HenniganMember 2024-01-01 2024-07-31 000