In 2023, Mark E. Lashier earned $20.58M in total compensation at Phillips 66, including $1.58M salary, $4.04M bonus and $14.20M in stock. Most recently acquired 1,766 shares in May 2024. Currently holds stock worth $12.86M. 4+ years at the helm of Phillips 66.
Compensation History
Annual executive compensation data for Mark E. Lashier, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$20.58M
Salary
$1.58M
Bonus
$4.04M
Other
$755.06K
Salary
$1.58MBoard Justification
The compensation philosophy of Phillips 66 is to align executive compensation with Company performance and shareholder value creation. The compensation program is designed to attract, retain, and motivate executives by providing competitive total compensation aligned with market practice and emphasizing performance-based pay.
Bonus
$4.04MBoard Justification
The bonus for 2023 was determined based on the Company's performance against established metrics under the Variable Cash Incentive Program (VCIP). The payout was 161% of the target due to strong operational and financial performance, particularly in Safety & Operating Excellence and Adjusted VCIP EBITDA.
Other Compensation
$755.06KBoard Justification
Other compensation includes Company contributions to nonqualified defined contribution plans, executive group life insurance premiums, executive health physical, financial counseling, matching contributions under the tax-qualified savings plan, matching gift programs, miscellaneous perquisites, and personal use of company aircraft.
Restricted Stock
Board Justification
The vested stock includes RSUs and PSP awards that vested during the year. The 2021-2023 PSP award vested on December 31, 2023, and was paid out in cash in early 2024.
Performance Metrics
The performance metrics for determining CEO compensation in 2023 included Adjusted VCIP EBITDA, Adjusted VCIP Controllable Costs, Safety & Operating Excellence, and High-Performing Organization metrics.
Mark E. Lashier
CEO of Phillips 66
Education
Bachelor's degree and doctorate in chemical engineering from Iowa State University
Field of Expertise
Technology & Engineering - Engineering
Sector of Economy
Energy
Born
January 1, 1965 - 60 years ago
CEO of Phillips 66 for
4 years 8 months (Apr 2021 - Present)
Previous Experience
President and Chief Executive Officer of Chevron Phillips Chemical Company
Other Phillips 66 CEOs
Holdings
Track Mark E. Lashier's stock holdings and portfolio value over time.
Insider Trading
Mark E. Lashier's recent stock transactions, purchases, and sales filed with the SEC.
$254.97K
PSX at $144.38/share
May 15, 2024
Received
$3.83M
PSX at $147.69/share
Feb 6, 2024
Received
29,870 shares
PSX
Feb 7, 2023
Received
5,594 shares
PSX
Jul 1, 2022
Received
18,683 shares
PSX
Feb 8, 2022
Received
30,674 shares
PSX
Apr 1, 2021
Received
Rivals
Compare Mark E. Lashier with competitor CEOs and industry peers.
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Stock
$0.00
Salary
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Bonus
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Darren W. Woods
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Salary
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Bonus
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2023 Compensation
Stock
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Salary
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Bonus
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Michael C. Jennings
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2023 Compensation
Stock
$8.04M
Salary
$1.20M
Bonus
$500.00K
Other
$464.54K
Total Holdings
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