Greg C. Garland is the CEO of Phillips 66, where he has been leading since 2012. He has an impressive background in the energy sector with over 35 years of experience, having previously served as the President and CEO of...

Current Market Cap

$55.51B

Number of Employees

14K

Total Compensation

2019 - 2023

Trending up by 86.70% last year
Showing total compensation for the last 2019 - 2023

Stock

Up by 155.04% last year

Salary

Down by -25.23% last year

Bonus

Down by -27.49% last year

Other

Down by -27.89% last year

Year

2023

Total Compensation

$29.37M

Salary

$1.00M

Board 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

$2.58M

Board 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

$731.05K

Board Justification

Other compensation includes contributions to retirement plans, life insurance premiums, and other benefits.

Restricted Stock

$25.06M(200.91K RSU)

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.

SEC Filing

From April 3, 2024