---
schema_version: "secwatch.filing_event.v1"
accession: "0001510295-24-000069"
form_type: "8-K/A"
ticker: "MPC"
cik: "0001510295"
company_name: "Marathon Petroleum Corp"
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:14:18.515276+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Marathon Petroleum sets CEO Mannen salary at $1.4M, LTI $12M annualized

## Summary
- Maryann T. Mannen's base salary raised to $1,400,000; target bonus set at 165% of salary.
- Annualized LTI target for Mannen is $12,000,000; received $2,917,000 one-time award for 2024.
- Michael J. Hennigan's base salary reduced to $1,050,000 as Executive Chairman; 2024 LTI unchanged.
- Hennigan's 2025 LTI target reduced to $8,880,000; changes effective August 1, 2024.

## SEC filing metadata
- accession: 0001510295-24-000069
- form_type: 8-K/A
- ticker: MPC
- cik: 0001510295
- company_name: Marathon Petroleum Corp
- filed_at: 2024-08-06T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1510295/000151029524000069/0001510295-24-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1510295/000151029524000069/mpc-20240511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001510295-24-000069
- JSON: https://secwatch.observer/filing/0001510295-24-000069.json
- Plain text: https://secwatch.observer/filing/0001510295-24-000069.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.