Matthew J. Meloy has been the CEO of Targa Resources Corp. since March 1, 2020, after previously serving as President. He has a long history with the company, having worked in various executive roles since 2006, including Chief Financial Officer....

Current Market Cap

$45.13B

Number of Employees

3.19K

Total Compensation

2020 - 2023

Trending up by 137.64% last year
Showing total compensation for the last 2020 - 2023

Stock

Up by 243.70% last year

Salary

Up by 7.83% last year

Bonus

Down by -35.36% last year

Other

Up by 7.26% last year

Year

2023

Total Compensation

$27.41M

Salary

$970.48K

Board 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

$2.33M

Board 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

$29.54K

Board Justification

Includes employer-provided contributions to the 401(k) plan and life insurance premiums paid by the Company.

Restricted Stock

$24.08M(320.84K RSU)

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.

SEC Filing

From March 21, 2024