secwatch.observer — SEC 8-K summary
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Issuer:     Marathon Petroleum Corp (MPC)
CIK:        0001510295
Form:       8-K/A
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001510295-24-000069
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1510295/000151029524000069/0001510295-24-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1510295/000151029524000069/mpc-20240511.htm
  HTML page:      https://secwatch.observer/filing/0001510295-24-000069

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