Rene R. Joyce served as the Chief Executive Officer of Targa Resources from 2005 until the end of 2011, marking a significant era for the company. During his tenure, he received substantial compensation, including a total of nearly $1.62 million...

Current Market Cap

$45.13B

Number of Employees

3.19K

Total Compensation

2010 - 2011

Trending up by 21.74% last year
Showing total compensation for the last 2010 - 2011

Stock

Up by 0.00% last year

Salary

Up by 11.37% last year

Bonus

Up by 27.95% last year

Other

Up by 4.39% last year

Year

2011

Total Compensation

$1.65M

Salary

$529.00K

Board Justification

The compensation philosophy aims to provide competitive total compensation to attract and retain key executives, aligning their interests with those of shareholders and ensuring performance-based rewards.

Bonus

$1.09M

Board Justification

The bonus for 2011 was determined based on the company's performance against key business priorities, with the total cash bonus pool funded at 200% of the target level due to outstanding performance.

Other

$23.39K

Board Justification

Other compensation includes contributions to the 401(k) plan and the dollar value of life insurance coverage provided by the Company.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2011 as the focus is on cash compensation and performance metrics for the year.

Performance Metrics

The performance metrics for determining the CEO's compensation in 2011 included financial and operational business priorities set by the Compensation Committee.

SEC Filing

From April 4, 2012