Murphy USA CEO Andrew Clyde Sees Pay Boost in 2015

Andrew Clyde

Stock awards lifted the pay of Murphy USA Inc. CEO Andrew Clyde in 2015, raising his total compensation to $5.6 million, about a half-million dollars more than he earned in 2014, the publicly traded company’s first full year of operation after being spun off from Murphy Oil Corp.

Clyde, who is also president of the El Dorado-based fuel retailer, received the equivalent of $2.3 million in stock awards, up from awards of $1.9 million in 2014, according to the firm’s proxy statement. His base salary of $898,245 was also up, from $818,750.

Executive Vice President Mindy K. West, the company’s CFO, received total compensation of $1.98 million, with a base salary of $500,250 and stock awards of $651,969. Her 2014 total pay was $2,048,710. She also realized $4.4 million in 2015 on the exercise of 118,154 stock options.

Other top executives:

• John A. Moore, Murphy USA’s senior vice president and general counsel, had compensation of $1.34 million, slightly down from last year’s $1.39 million, on a base salary of $402,689. He also realized $851,456 on 22,401 stock options.
• Marn K. Cheng, senior vice president of retail operations and support, received a total of $1.13 million, up from 2014’s $1.01 million. Cheng’s base salary was $353,833.
• Joseph Henderson III, vice president of fuels, received $736,555 in total pay and a salary of $276,736. Henderson wasn’t a named executive officer in 2014, and he resigned from the company on Dec. 31 receiving no severance payments and forfeiting stock option awards.

Murphy USA will hold its annual stockholders meeting at 1 p.m. May 5 at the South Arkansas Arts Center, 110 East Fifth St., in El Dorado. The company will ask shareholders to vote on three proposals:

• To re-elect three board members whose terms are expiring: Chairman R. Madison Murphy, the Rev. Christoph Keller III and Clyde.
• To approve compensation for named executive officers.
• To ratify the appointment of KPMG LLLP as the company’s public accounting firm. KPMG was already serving in that capacity.