Sundar PichaiSundar Pichai earned $164M in 2023

Mark E. Lashier is the CEO of Phillips 66, a big player in the energy sector. He stepped into the CEO role in April 2021 after serving as President and COO. Before that, Lashier was the President and CEO of...

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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 1 month (Apr 2021 - Present)

Previous Experience

President and Chief Executive Officer of Chevron Phillips Chemical Company

Holdings

See how much did Mark E. Lashier make over time.

As CEO of Phillips 66, Mark E. Lashier has a significant stake in the company, with a vested stock value exceeding $14 million in 2023. His investment in the firm reflects a strong alignment with shareholder interests. In earlier years,...

Mar 17, 2025

Insider Trading

See recent insider trades of Mark E. Lashier.

PSX

$254.97K

PSX at $144.38/share

May 15, 2024

Received

PSX

$3.83M

PSX at $147.69/share

Feb 6, 2024

Received

PSX

29,870 shares

PSX

Feb 7, 2023

Received

PSX

5,594 shares

PSX

Jul 1, 2022

Received

PSX

18,683 shares

PSX

Feb 8, 2022

Received

PSX

30,674 shares

PSX

Apr 1, 2021

Received

Compensation History

See how much did Mark E. Lashier make over time.

Mark E. Lashier earned over $19 million in total compensation for 2023, which includes a base salary of approximately $1.6 million and performance-based bonuses totaling about $4 million. His bonus structure is tied to the company's achievements in key performance metrics, like safety and operational excellence. Additionally, he received stock options and long-term incentives, which highlight the company's strategy of aligning executive pay with performance. His earnings have seen significant increases over the years as the company has performed well under his leadership.

Year

2023

Total Compensation

$20.58M

Salary

$1.58M

Board 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

$4.04M

Board 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

$755.06K

Board 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

$14.20M(110.48K RSU)

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.

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