Wednesday, September 25, 2019

Findlay, Ohio-Based Pipe Lines Company Andeavor Logistics LP's Top-Tier Executives Average Annual Pay and Employee Benefits Increase Was a Messy But Blistering 20.6% Per Year During the Seven Years (2012-2018) Since Its 2011 IPO

From annual compensation information contained in Company 10-K filings with the US SEC, the chart below shows Andeavor Logistics LP's Top-Tier Executives Annual Total Compensation for each of two consecutive substantially full years of employment for the past seven years, since its 2011 IPO.


FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
Andeavor Logistics LP 2018 2017 2017 2016 2016 2015 2015 2014 2014 2013
Top-Tier Total Total Total Total Total Total Total Total Total Total
Executive Comp Comp Comp Comp Comp Comp Comp Comp Comp Comp
$ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s
Sorensen President       1,537       1,420       1,420       1,564       1,564       1,331    
Goff Former CEO  N/A   N/A        2,813       2,129       2,129       2,346       2,346       1,918       1,918       1,665
Sterin Former CFO  N/A   N/A           575          432          432          411    
Rucker Former General Counsel  N/A   N/A   N/A   N/A     
Anderson Former President  N/A   N/A        1,183       1,176       1,176       1,405       1,405          861
Parrish General Counsel          282          213          213          214
Spendlove Former CFO  N/A   N/A 
Weyen VP Operations       1,056          547
 Totals        1,537       1,420       4,808       4,125       5,308       5,264       3,804       3,536       4,592       3,287
Annual % Change vs Prior Year 8.2% 16.6% 0.8% 7.6% 39.7%
5 Year Average Per Year % Change 14.6%
FYE FYE FYE FYE
Dec Dec Dec Dec
Andeavor Logistics LP 2013 2012 2012 2011
Top-Tier Total Total Total Total
Executive Comp Comp Comp Comp
$ 000s $ 000s $ 000s $ 000s
Goff Former CEO       1,665          705          705          627
Anderson Former President          861       1,077       1,077          823
Parrish General Counsel          214          118          118          132
Spendlove Former CFO          256          118          118          132
Weyen VP Operations  N/A   N/A     
Romasko Former COO          342          157
Grimmer Former VP Operations  N/A   N/A 
 Totals        3,338       2,175       2,018       1,714
Annual % Change vs Prior Year 53.5% 17.7%
2 Year Average Per Year % Change 35.6%
7 Year Average Per Year % Change 20.6%