In 2023, Lee M. Tillman earned $3.56M in total compensation at Marathon Oil, including $1.20M salary and $1.98M bonus. Most recently sold 80,647 shares in Mar 2024. Has donated $5.25M in stock to charitable causes. Has led Marathon Oil for over 11 years.
Compensation History
Annual executive compensation data for Lee M. Tillman, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$3.56M
Salary
$1.20M
Bonus
$1.98M
Other
$384.19K
Salary
$1.20MBoard Justification
The compensation philosophy emphasizes performance-based pay, aligning executive interests with stockholder value through a significant portion of at-risk compensation tied to company performance metrics.
Bonus
$1.98MBoard Justification
The annual cash bonus is based on the Company’s achievement of short-term safety, environmental, financial and operational goals, with a performance factor of 110% applied to the target bonus opportunity.
Other Compensation
$384.19KBoard Justification
Other compensation includes perquisites such as tax and financial planning services, company physicals, and contributions to defined contribution plans.
Restricted Stock
Board Justification
No stock grants vested in 2023 as the focus is on performance-based compensation.
Performance Metrics
Performance metrics include safety (TRIR), GHG emissions intensity, enterprise breakeven, reinvestment rate, and cash flow per debt adjusted share.
Lee M. Tillman
CEO of Marathon Oil
Education
Ph.D. in Chemical Engineering from Auburn University
Field of Expertise
Technology & Engineering - Engineering
Sector of Economy
Energy
Born
January 1, 1963 - 62 years ago
CEO of Marathon Oil for
11 years 11 months (Jan 2014 - Present)
Previous Experience
Vice President of Engineering at ExxonMobil
Other Marathon Oil CEOs
Holdings
Track Lee M. Tillman's stock holdings and portfolio value over time.
Total Stock Sold
$57.93M
$57.93M
2,581,077 MRO shares
What if they kept their stock?
If Lee M. Tillman didn't sell their stock, today they would have:
Extra MRO2,581,077 shares worth $73.69M.
This is 27.2% and $15.76M more than what they got when they sold the stock.
Charitable Transactions
183,894 shares
MRO
Recent Charitable Transactions
103,016 shares
MRO
Mar 1, 2024
Charity
40,478 shares
MRO
Aug 28, 2023
Charity
40,400 shares
MRO
Nov 4, 2022
Charity
Insider Trading
Lee M. Tillman's recent stock transactions, purchases, and sales filed with the SEC.
$2.17M
MRO at $26.94/share
Mar 19, 2024
Sale
138,211 shares
MRO
Mar 1, 2024
Received
103,016 shares
MRO
Mar 1, 2024
Charity
267,856 shares
MRO
Jan 31, 2024
Received
$4.37M
MRO at $27.36/share
Sep 15, 2023
Sale
40,478 shares
MRO
Aug 28, 2023
Charity
124,079 shares
MRO
Mar 1, 2023
Received
549,187 shares
MRO
Jan 25, 2023
Received
$974.69K
MRO at $32.49/share
Nov 11, 2022
Sale
$976.74K
MRO at $32.56/share
Nov 8, 2022
Sale
Rivals
Compare Lee M. Tillman with competitor CEOs and industry peers.