In 2023, Matthew J. Meloy earned $27.41M in total compensation at Targa Resources, including $970.48K salary, $2.33M bonus and $24.08M in stock. Most recently acquired 345,746 shares in Jan 2024. Currently holds stock worth $121.25M. Has donated $39.79M in stock to charitable causes. 5+ years at the helm of Targa Resources.
Compensation History
Annual executive compensation data for Matthew J. Meloy, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$27.41M
Salary
$970.48K
Bonus
$2.33M
Other
$29.54K
Salary
$970.48KBoard Justification
The compensation program is designed to attract and retain key executives by providing competitive total compensation that aligns with company performance and shareholder interests.
Bonus
$2.33MBoard Justification
The bonus awarded pursuant to the 2023 Bonus Plan that was paid to the named executive officers in cash, based on performance metrics including Adjusted EBITDA and Distributable Cash Flow per share.
Other Compensation
$29.54KBoard Justification
Includes employer-provided contributions to the 401(k) plan and life insurance premiums paid by the Company.
Restricted Stock
Board Justification
The number of shares acquired upon the vesting of restricted stock units during 2023, valued based on the closing price of the stock on the vesting date.
Performance Metrics
Adjusted EBITDA, Distributable Cash Flow per share, and the percentage of G&P volumes with fees or fee-based floors.
Matthew J. Meloy
CEO of Targa Resources
Sector of Economy
Energy
Born
July 30, 2024 - 1 years ago
CEO of Targa Resources for
5 years 9 months (Mar 2020 - Present)
Previous Experience
Unknown
Other Targa Resources CEOs
Holdings
Track Matthew J. Meloy's stock holdings and portfolio value over time.
Total Stock Sold
$2.24M
$2.24M
30,747 TRGP shares
What if they kept their stock?
If Matthew J. Meloy didn't sell their stock, today they would have:
Extra TRGP30,747 shares worth $5.54M.
This is 146.61% and $3.29M more than what they got when they sold the stock.
Charitable Transactions
221,046 shares
TRGP
Recent Charitable Transactions
14,336 shares
TRGP
Aug 7, 2024
Charity
38,852 shares
TRGP
Feb 21, 2024
Charity
9,119 shares
TRGP
Nov 17, 2023
Charity
10,241 shares
TRGP
Aug 10, 2023
Charity
42,915 shares
TRGP
Feb 27, 2023
Charity
9,504 shares
TRGP
Nov 4, 2022
Charity
Insider Trading
Matthew J. Meloy's recent stock transactions, purchases, and sales filed with the SEC.
14,336 shares
TRGP
Aug 7, 2024
Charity
38,852 shares
TRGP
Feb 21, 2024
Charity
345,746 shares
TRGP
Jan 18, 2024
Received
9,119 shares
TRGP
Nov 17, 2023
Charity
10,241 shares
TRGP
Aug 10, 2023
Charity
42,915 shares
TRGP
Feb 27, 2023
Charity
268,445 shares
TRGP
Jan 19, 2023
Received
9,504 shares
TRGP
Nov 4, 2022
Charity
19,788 shares
TRGP
Mar 4, 2022
Charity
137,848 shares
TRGP
Jan 20, 2022
Received
Rivals
Compare Matthew J. Meloy with competitor CEOs and industry peers.
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Stock
$0.00
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Bonus
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2023 Compensation
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$27.11M
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Bonus
$0.00
Other
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Total Holdings
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Pierce H. Norton II
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2023 Compensation
Stock
$813.39K
Salary
$835.00K
Bonus
$2.10M
Other
$336.99K
Total Holdings
$8.61M
Brendan McCracken
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2023 Compensation
Stock
$3.86M
Salary
$1.10M
Bonus
$2.54M
Other
$407.55K
Total Holdings
$7.57M