Sunoco, Inc. 2005 Executive Compensation Summary Sheet
This document outlines the 2005 compensation details for Sunoco, Inc.'s named executive officers. It summarizes each executive's base salary, target annual incentive bonus as a percentage of salary, and long-term incentive awards, including stock options and performance-based stock units. The awards were granted under the company's Executive Incentive Plan and Long-Term Performance Enhancement Plan II. The summary provides transparency regarding executive pay and incentive structures for the year.
Exhibit 10.18
Sunoco, Inc. Executive Compensation Summary Sheet
The following is a summary of the base salary, annual guideline incentive bonus opportunity under the Executive Incentive Plan, and long-term incentive awards (stock options and performance-based common stock units) under the Long-Term Performance Enhancement Plan II, of the named executive officers of Sunoco, Inc. for 2005:
| Name/Title | Base Salary | Annual Guideline Incentive Bonus Opportunity Under the Executive Incentive Plan (% of Base Salary) | Stock Options1 | Performance- Based Common Stock Units1 | |||||
| John G. Drosdick Chairman, President and Chief Executive Officer | $ | 1,100,000 | 120% | 118,000 | 31,640 | ||||
| Joel H. Maness Senior Vice President, Refining and Supply | $ | 500,000 | 70% | 32,800 | 8,780 | ||||
| Thomas W. Hofmann Senior Vice President and Chief Financial Officer | $ | 475,000 | 70% | 30,000 | 8,020 | ||||
| Robert W. Owens Senior Vice President, Marketing | $ | 450,000 | 70% | 28,200 | 7,560 | ||||
| Charles K. Valutas Senior Vice President and Chief Administrative Officer | $ | 400,000 | 65% | 24,900 | 6,660 | ||||
NOTE TO TABLE:
| 1 | The stock options and performance-based common stock units awarded for 2005 were granted in December 2004 under the Long-Term Performance Enhancement Plan II. |
