In 2023, Greg C. Garland earned $29.37M in total compensation at Phillips 66, including $1.00M salary, $2.58M bonus and $25.06M in stock. Most recently acquired 7,618 shares in Feb 2024. Currently holds stock worth $110.13M. Led Phillips 66 as CEO for 12 years.
Compensation History
Annual executive compensation data for Greg C. Garland, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$29.37M
Salary
$1.00M
Bonus
$2.58M
Other
$731.05K
Salary
$1.00MBoard Justification
The compensation philosophy emphasizes performance-based pay that aligns with company performance and shareholder interests, with a significant portion of compensation at risk.
Bonus
$2.58MBoard Justification
The bonus is based on the Variable Cash Incentive Program (VCIP) which had a payout of 161% of target due to strong performance metrics in 2023.
Other Compensation
$731.05KBoard Justification
Other compensation includes contributions to retirement plans, life insurance premiums, and other benefits.
Restricted Stock
Board Justification
The stock awards that vested in 2023 include Restricted Stock Units (RSUs) and Performance Share Units (PSUs) that were granted in prior years and vested based on performance metrics achieved during the performance period.
Performance Metrics
The performance metrics include Adjusted VCIP EBITDA, Adjusted VCIP Controllable Costs, and safety and operational excellence metrics.
Greg C. Garland
Ex-CEO of Phillips 66
Education
Not specified
Field of Expertise
Technology & Engineering - Engineering
Sector of Economy
Energy
Born
January 1, 1960 - 65 years ago
CEO of Phillips 66 for
12 years 0 months (Apr 2012 - May 2024)
Previous Experience
Senior Vice President, Exploration and Production – Americas for ConocoPhillips; President and CEO of Chevron Phillips Chemical Company
Other Phillips 66 CEOs
Holdings
Track Greg C. Garland's stock holdings and portfolio value over time.
Total Stock Sold
$83.79M
$83.79M
890,117 PSX shares
What if they kept their stock?
If Greg C. Garland didn't sell their stock, today they would have:
Extra PSX890,117 shares worth $124.05M.
This is 48.04% and $40.25M more than what they got when they sold the stock.
Insider Trading
Greg C. Garland's recent stock transactions, purchases, and sales filed with the SEC.
$1.13M
PSX at $147.69/share
Feb 6, 2024
Received
$18.88M
PSX at $111.44/share
Aug 7, 2023
Sale
18,669 shares
PSX
Feb 7, 2023
Received
$16.09M
PSX at $109.70/share
Jun 9, 2022
Sale
17,500 shares
PSX
Mar 9, 2022
Received
28,074 shares
PSX
Feb 8, 2022
Received
$11.17M
PSX at $88.47/share
Feb 7, 2022
Sale
$14.03M
PSX at $88.50/share
Mar 11, 2021
Sale
42,043 shares
PSX
Feb 9, 2021
Received
$3.35M
PSX at $89.57/share
Feb 3, 2020
Received
Rivals
Compare Greg C. Garland with competitor CEOs and industry peers.
R. Lane Riggs
CEO of Valero Energy
2023 Compensation
Stock
$0.00
Salary
$1.43M
Bonus
$3.35M
Other
$179.80K
Total Holdings
$5.28M
Darren W. Woods
CEO of Exxon Mobil
2024 Compensation
Stock
$10.69M
Salary
$1.97M
Bonus
$4.55M
Other
$396.89K
Total Holdings
$421.98M
Avigal Soreq
CEO of Delek US Holdings
2023 Compensation
Stock
$572.59K
Salary
$0.00
Bonus
$0.00
Other
$0.00
Total Holdings
$6.67M
Matthew Lucey
CEO of PBF Energy
2023 Compensation
Stock
$2.99M
Salary
$990.00K
Bonus
$2.83M
Other
$556.35K
Total Holdings
$10.05M
Michael C. Jennings
CEO of HF Sinclair
2023 Compensation
Stock
$8.04M
Salary
$1.20M
Bonus
$500.00K
Other
$464.54K
Total Holdings
$7.55M