Andrew Clyde, CEO of Murphy USA Inc. of El Dorado, received nearly $6.2 million in compensation last year, up from $5.56 million the year before. Other top executives received similar raises because of an improved bottom line, Murphy USA reported in a proxy statement Thursday with the Securities and Exchange Commission.
Murphy USA reported a $221.5 million profit for 2016 and a return of $5.59 per diluted share.
Clyde drew a $991,667 salary, $2.6 million in stock awards, $770,000 in option awards, and $1.3 million in nonequity incentive compensation.
Total compensation for Mindy West, the company's executive vice president, chief financial officer and treasurer, was $2.1 million, compared with $1.9 million in 2015. John A. Moore, senior vice president and general counsel, was paid $1.36 million, a raise of $200,000. Marn Cheng, senior vice president for retail operations, had total pay of $1.2 million. Robert Chumley, senior vice president for marketing, had partial-year total compensation of $273,523.
-- Stephen Steed