Companies LyondellBasell Industries
LyondellBasell Industries (LYB): executive pay, fiscal 2025
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CEO vs. named peers18th pct.Of 31 peer CEOs
CEO pay, last three years
- $16,546,194FY2023
- $17,018,464FY2024
- $15,577,445FY2025
CEO total pay was $15,577,445 in fiscal 2025, down from $17,018,464 in fiscal 2024.
FY2025: salary $1,486,539 · bonus $0 · stock awards $11,846,184 · option awards $0
Executives and directors
Agustin Izquierdo · CFOPeter Vanacker · CEOJeffrey Kaplan · General CounselKimberly Foley · EVPMichael McMurray · CFOTorkel Rhenman · EVPAlbert Manifold · Independent DirectorBob Dudley · Independent DirectorBridget Karlin · Independent DirectorClaire Farley · Independent DirectorJacques Aigrain · Chair of the BoardLincoln Benet · Independent DirectorMichael Hanley · Independent DirectorRita Griffin · Independent DirectorRobin Buchanan · Independent DirectorTony Chase · Independent DirectorVirginia Kamsky · Independent Director
Frequently asked questions
Who was the highest-paid executive at LyondellBasell Industries in fiscal 2025?
As disclosed, Peter Vanacker (Chief Executive Officer) was the highest-paid executive at LyondellBasell Industries in fiscal 2025, with total compensation of $15,577,445.
How does LyondellBasell Industries's chief executive pay compare to its disclosed peer group?
As disclosed, Peter Vanacker's total compensation ranked at the 18th percentile of LyondellBasell Industries's disclosed peer group.
What is LyondellBasell Industries's CEO-to-median employee pay ratio?
As disclosed, LyondellBasell Industries's CEO-to-median employee pay ratio was 141:1.
How did shareholders vote on LyondellBasell Industries's executive compensation?
As disclosed, 96.72% of shareholders supported LyondellBasell Industries's executive compensation in the latest say-on-pay vote.
How much does LyondellBasell Industries spend in total on board compensation for fiscal 2025?
As disclosed, LyondellBasell Industries reported total board compensation of $3,946,209 for fiscal 2025.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Peter Vanacker | $1,486,539 | $0 | $11,846,184 | $0 | $1,708,500 | $20,693 | $515,529 | $15,577,445 |
| Chief Executive Officer | ||||||||
| Michael McMurray | 879,750 | 0 | 3,789,766 | 0 | 628,911 | 23,097 | 102,024 | 5,423,548 |
| Former Executive Vice President and Chief Financial Officer | ||||||||
| Kimberly Foley | 816,039 | 0 | 2,770,990 | 0 | 624,575 | 62,161 | 89,726 | 4,363,491 |
| Executive Vice President Olefins & Polyolefins | ||||||||
| Torkel Rhenman | 808,954 | 0 | 2,710,938 | 0 | 631,330 | 23,405 | 71,485 | 4,246,112 |
| Executive Vice President Advanced Polymer Solutions | ||||||||
| Jeffrey Kaplan | 783,044 | 0 | 2,548,795 | 0 | 593,630 | 34,608 | 105,472 | 4,065,549 |
| Executive Vice President General Counsel and Procurement | ||||||||
| Agustin Izquierdo | 606,731 | 0 | 1,750,032 | 0 | 484,825 | 17,902 | 83,716 | 2,943,206 |
| Executive Vice President and Chief Financial Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Peter Vanacker | $15,577,445 | $17,018,464 | $16,546,194 | ↓ −1,441,019 |
| Michael McMurray | 5,423,548 | 6,068,696 | 5,696,627 | ↓ −645,148 |
| Kimberly Foley | 4,363,491 | 4,569,642 | — | ↓ −206,151 |
| Torkel Rhenman | 4,246,112 | 4,548,136 | 4,430,295 | ↓ −302,024 |
| Jeffrey Kaplan | 4,065,549 | 4,320,879 | 4,028,240 | ↓ −255,330 |
| Agustin Izquierdo | 2,943,206 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
Our executive compensation program is designed to: Take into account the realities of a cyclical, commodity industry and reward differential performance; Align the interests of management with those of our shareholders; Encourage both short-term and long-term results; Attract, retain, and incentivize the highest caliber team possible; Enable us to pay high achievers above-market median compensation based on individual performance, potential, and impact to the Company's results; Recognize and maintain the Company's market-leading position in health and safety; Emphasize the Company's deep commitment to sustainability and continue focus on value creation.
| CEO STI target (% of salary) | 170% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Pearl Meyer |
| Clawback policy | True |
| Anti-hedging | True |
| Anti-pledging | True |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Kimberly Foley | RSU | 2025-02-27 | — | — | 13,384 | — | $1,017,050 |
| Jeffrey Kaplan | RSU | 2025-02-27 | — | — | 12,311 | — | 935,513 |
| Michael McMurray | PSU | 2025-02-27 | — | 27,457 | — | 54,914 | 2,398,769 |
| Kimberly Foley | PSU | 2025-02-27 | — | 20,076 | — | 40,152 | 1,753,940 |
| Torkel Rhenman | PSU | 2025-02-27 | — | 19,641 | — | 39,282 | 1,715,925 |
| Agustin Izquierdo | PSU | 2025-02-27 | — | 12,679 | — | 25,358 | 1,107,689 |
| Peter Vanacker | PSU | 2025-02-27 | — | 85,826 | — | 171,652 | 7,498,188 |
| Agustin Izquierdo | RSU | 2025-02-27 | — | — | 8,453 | — | 642,343 |
| Michael McMurray | RSU | 2025-02-27 | — | — | 18,305 | — | 1,390,997 |
| Peter Vanacker | RSU | 2025-02-27 | — | — | 57,218 | — | 4,347,996 |
| Torkel Rhenman | RSU | 2025-02-27 | — | — | 13,094 | — | 995,013 |
| Jeffrey Kaplan | PSU | 2025-02-27 | — | 18,466 | — | 36,932 | 1,613,282 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Kimberly Foley | $1,017,050 | $1,753,940 | $0 | 63.3% |
| Jeffrey Kaplan | 935,513 | 1,613,282 | 0 | 63.3% |
| Michael McMurray | 1,390,997 | 2,398,769 | 0 | 63.3% |
| Torkel Rhenman | 995,013 | 1,715,925 | 0 | 63.3% |
| Agustin Izquierdo | 642,343 | 1,107,689 | 0 | 63.3% |
| Peter Vanacker | 4,347,996 | 7,498,188 | 0 | 63.3% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Agustin Izquierdo | Option | 535 | 94.65 | — |
| Jeffrey Kaplan | Option | 6,966 | 94.65 | — |
| Kimberly Foley | Option | 7,044 | 94.65 | — |
| Torkel Rhenman | Option | 8,051 | 94.65 | — |
| Agustin Izquierdo | RSU | 9,725 | — | 421,093 |
| Michael McMurray | Option | 11,037 | 94.65 | — |
| Agustin Izquierdo | PSU | 14,590 | — | 631,747 |
| Jeffrey Kaplan | RSU | 24,251 | — | 1,050,068 |
| Kimberly Foley | RSU | 25,680 | — | 1,111,944 |
| Torkel Rhenman | RSU | 26,401 | — | 1,143,163 |
| Jeffrey Kaplan | PSU | 32,948 | — | 1,426,648 |
| Kimberly Foley | PSU | 35,218 | — | 1,524,939 |
| Torkel Rhenman | PSU | 35,272 | — | 1,527,278 |
| Peter Vanacker | Option | 35,709 | 94.65 | — |
| Michael McMurray | RSU | 36,881 | — | 1,596,947 |
| Michael McMurray | PSU | 49,636 | — | 2,149,239 |
| Peter Vanacker | RSU | 116,241 | — | 5,033,235 |
| Peter Vanacker | PSU | 155,154 | — | 6,718,168 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Jacques AigrainIndependent · Board Chair · Audit · Nominating/Governance · Finance | $360,000 | $314,152 | $0 | — | $5,000 | $679,152 |
| Michael HanleyIndependent · Audit (Chair) | 152,500 | 164,315 | 0 | — | 29,393 | 346,208 |
| Claire FarleyIndependent · Audit · Nominating/Governance (Chair) | 150,000 | 164,315 | 0 | — | 25,095 | 339,410 |
| Bridget KarlinIndependent · Audit · Finance | 148,384 | 164,315 | 0 | — | 24,345 | 337,044 |
| Rita GriffinIndependent · Compensation & Talent Development | 152,500 | 164,315 | 0 | — | 20,000 | 336,815 |
| Tony ChaseIndependent · Audit · Compensation & Talent Development | 140,000 | 164,315 | 0 | — | 24,345 | 328,660 |
| Virginia KamskyIndependent · Compensation & Talent Development | 135,000 | 164,315 | 0 | — | 24,845 | 324,160 |
| Albert ManifoldIndependent · Compensation & Talent Development (Chair) | 152,500 | 164,315 | 0 | — | 5,000 | 321,815 |
| Bob DudleyIndependent | 135,000 | 164,315 | 0 | — | 20,000 | 319,315 |
| Lincoln BenetIndependent · Finance (Chair) | 145,000 | 164,315 | 0 | — | 5,000 | 314,315 |
| Robin BuchananIndependent | 135,000 | 164,315 | 0 | — | — | 299,315 |
| Peter VanackerEmployee director | 0 | 0 | 0 | 0 | 0 | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $115,000 |
|---|---|
| Annual equity retainer | $170,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 27,500 / 27,500 / 20,000 |
| Stock ownership guideline | 6x annual cash retainer ($690,000) |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $1,805,884 |
| Equity awards (grant-date value) | $1,957,302 |
| All other compensation | $183,023 |
| Total cost of the board | $3,946,209 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names LyondellBasell Industries as a peer
Companies that benchmark against LYB
17 companies name LYB as a compensation peer
- Bunge Global SABGFY2025
- Celanese CorpCEFY2025
- Cheniere Energy, Inc.LNGFY2025
- Constellation Energy CorpCEGFY2025
- DOW INC.DOWFY2025
- FEDEX CORPFDXFY2026
- FutureFuel Corp.FFFY2025
- HF Sinclair CorpDINOFY2025
- INTERNATIONAL PAPER CO /NEW/IPFY2025
- Phillips 66PSXFY2025
- PPG INDUSTRIES INCPPGFY2025
- SHERWIN WILLIAMS COSHWFY2025
- SLB LIMITED/NVSLBFY2025
- Smurfit Westrock plcSWFY2025
- VALERO ENERGY CORP/TXVLOFY2025
- WESTLAKE CORPWLKFY2025
Each company listed discloses LYB in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named LYB in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
DOW Dow Inc.CE Celanese CorporationEMN Eastman Chemical CompanyWLK Westlake Corporation Evonik Industries A.G.SHECF Shin-Etsu Chemical Co., Ltd.FMC FMC CorporationMEOH Methanex CorporationHUN Huntsman CorporationOLN Olin CorporationHON Honeywell International Inc.MMM 3M CompanyADM Archer-Daniels-Midland CompanyCAT Caterpillar Inc.CMI Cummins Inc.GD General Dynamics CorporationDINO HF Sinclair CorporationIP International Paper CompanyJCI Johnson Controls InternationalLIN Linde plcMPC Marathon Petroleum CorporationPSX Phillips 66SHW The Sherwin-Williams CompanyVLO Valero Energy Corporation BASF SEDE Deere & CompanyPPG PPG Industries, Inc.RPM RPM International Inc. Arkema S.A.DD DuPont de Nemours, Inc.AKZA Akzo Nobel N.V.
Peer reciprocity
The companies LyondellBasell Industries names as compensation peers that name it back in their own disclosed peer groups.
Celanese Corporation (CE)98Westlake Corporation (WLK)99HF Sinclair Corporation (DINO)100International Paper Company (IP)101Phillips 66 (PSX)102The Sherwin-Williams Company (SHW)103Valero Energy Corporation (VLO)104PPG Industries, Inc. (PPG)105
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Valero Energy Corporation | 2025 | R. Lane Riggs | $1,720,000 | $15,760,536 | $0 | $5,482,810 | $34,228,523 |
| 2 | Deere & Company | 2025 | John May | 1,694,507 | 13,950,239 | 4,255,133 | 5,450,551 | 27,925,424 |
| 3 | General Dynamics Corporation | 2025 | Phebe Novakovic | 1,737,500 | 12,539,634 | 5,220,445 | 5,729,000 | 25,924,082 |
| 4 | Archer-Daniels-Midland Company | 2025 | Juan Luciano | 1,492,500 | 17,700,055 | 0 | 2,826,795 | 23,886,978 |
| 5 | Phillips 66 | 2025 | Mark Lashier | 1,741,667 | 16,185,204 | 0 | 3,734,134 | 23,113,403 |
| 6 | Linde plc | 2025 | Sanjiv Lamba | 1,575,000 | 11,680,804 | 4,938,908 | 3,197,250 | 21,777,870 |
| 7 | 3M Company | 2025 | William Brown | 1,800,000 | 7,753,852 | 7,001,242 | 3,745,322 | 21,005,009 |
| 8 | Honeywell International Inc. | 2025 | Vimal Kapur | 1,600,000 | 10,866,269 | 3,623,914 | 3,516,800 | 20,381,435 |
| 9 | Johnson Controls International | 2025 | Joakim Weidemanis | 825,000 | 12,849,088 | 3,749,993 | 2,357,247 | 19,963,827 |
| 10 | Cummins Inc. | 2025 | Jennifer Rumsey | 1,533,750 | 6,429,004 | 0 | 6,975,656 | 19,905,532 |
| 11 | Eastman Chemical Company | 2025 | Mark Costa | 1,406,958 | 12,682,200 | 3,278,151 | 987,000 | 19,498,966 |
| 12 | Dow Inc. | 2025 | Jim Fitterling | 1,695,200 | 11,910,628 | 2,970,005 | 533,988 | 19,078,777 |
| 13 | Marathon Petroleum Corporation | 2025 | Maryann Mannen | 1,400,000 | 13,391,322 | 0 | 3,303,300 | 19,016,261 |
| 14 | Caterpillar Inc. | 2025 | Joseph Creed | 1,381,892 | 9,538,484 | 3,101,117 | 2,476,800 | 17,008,077 |
| 15 | DuPont de Nemours, Inc. | 2025 | Lori Koch | 1,242,313 | 12,547,711 | 0 | 1,897,500 | 16,134,250 |
| 16 | LyondellBasell Industries | 2025 | Peter Vanacker | 1,486,539 | 11,846,184 | 0 | 1,708,500 | 15,577,445 |
| 17 | The Sherwin-Williams Company | 2025 | Heidi Petz | 1,373,077 | 6,456,207 | 4,253,859 | 2,390,000 | 14,914,317 |
| 18 | PPG Industries, Inc. | 2025 | Timothy Knavish | 1,300,000 | 7,333,542 | 3,666,690 | 1,924,000 | 14,885,022 |
| 19 | International Paper Company | 2025 | Andrew Silvernail | 1,000,000 | 12,174,818 | 0 | 1,318,500 | 14,838,324 |
| 20 | Huntsman Corporation | 2025 | Peter R. Huntsman | 1,334,125 | 10,513,393 | 0 | 1,329,561 | 14,666,623 |
| 21 | HF Sinclair Corporation | 2025 | Timothy Go | 1,204,615 | 9,977,382 | 0 | 2,668,968 | 14,278,553 |
| 22 | FMC Corporation | 2025 | Pierre Brondeau | 1,334,125 | 6,257,919 | 2,373,420 | 1,798,261 | 12,038,391 |
| 23 | RPM International Inc. | 2026 | Frank Sullivan | 1,135,000 | 5,194,543 | 2,665,673 | 1,703,000 | 11,133,668 |
| 24 | Celanese Corporation | 2025 | Scott Richardson | — | 5,249,958 | 2,249,990 | 1,342,625 | 10,137,072 |
| 25 | Olin Corporation | 2025 | Kenneth Lane | 1,100,000 | 7,486,984 | 0 | 1,069,640 | 9,798,424 |
| 26 | Westlake Corporation | 2025 | Jean-Marc Gilson | 1,288,462 | 3,000,205 | 963,799 | 1,089,692 | 6,423,651 |
| — | Shin-Etsu Chemical Co., Ltd. | — | — | — | — | — | — | not in coverage universe |
| — | Methanex Corporation | — | — | — | — | — | — | not in coverage universe |
| — | Akzo Nobel NV | — | — | — | — | — | — | not in coverage universe |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| LyondellBasell Industries | 67% | PSU 60 · RSU 40 | Yes — Relative TSR | Pearl Meyer |
| 3M Company | 118.9% | PSU 50 · Options 50 | No | FW Cook |
| Akzo Nobel NV | not disclosed | not disclosed | not disclosed | not disclosed |
| Archer-Daniels-Midland Company | 94.7% | PSU 60 · RSU 40 | No | Meridian Compensation Partners, LLC |
| Caterpillar Inc. | 118% | PSU 50 · RSU 25 · Options 25 | Yes — relative Total Shareholder Return (rTSR) | Meridian Compensation Partners, LLC |
| Celanese Corporation | 93.4% | PSU 70 · Options 30 | No | Willis Towers Watson PLC |
| Cummins Inc. | 90% | PSU 70 · Cash LTI 30 | No | Farient |
| Deere & Company | 160.8% | PSU 50 · RSU 25 · Options 25 | No | Semler Brossy Consulting Group, LLC (current); Pearl Meyer & Partners, LLC (prior year) |
| Dow Inc. | not disclosed | PSU 65 · Options 20 · RSU 15 | Yes — Relative TSR | Mercer |
| DuPont de Nemours, Inc. | 101.2% | PSU 60 · RSU 40 | Yes — Relative TSR | Frederic W. Cook & Co., Inc. (FW Cook) |
| Eastman Chemical Company | 47% | PSA 60 · Option 20 · RSU 20 | Yes — Relative total shareholder return (rTSR) | Aon plc |
| FMC Corporation | not disclosed | not disclosed | Yes | Aon |
| General Dynamics Corporation | 177.0% | PSU 50 · Options 30 · RSU 20 | Yes — rTSR (relative Total Shareholder Return) | Pay Governance, LLC |
| HF Sinclair Corporation | 151.8% | not disclosed | No | Meridian Compensation Partners, LLC |
| Honeywell International Inc. | 126% | PSU 50 · Options 25 · RSU 25 | Yes — three-year total shareowner return (TSR) relative to the 2025 Compensation Peer Group | not disclosed |
| Huntsman Corporation | not disclosed | not disclosed | Yes — Relative TSR | Meridian Compensation Partners, LLC |
| International Paper Company | 87.9% | PSU 100 | Yes — Relative TSR | Frederic W. Cook |
| Johnson Controls International | 176.6% | PSU 50 · Option 25 · RSU 25 | Yes — TSR Relative to S&P 500 Industrials | Farient Advisors LLC |
| Linde plc | 116.0% | PSU 50 · Option 30 · RSU 20 | Yes — Relative Total Shareholder Return (TSR) | Willis Towers Watson |
| Marathon Petroleum Corporation | 143% | not disclosed | Yes — Relative TSR | FW Cook |
| Methanex Corporation | not disclosed | not disclosed | not disclosed | not disclosed |
| Olin Corporation | not disclosed | PSU 60 · RSU 40 | not disclosed | Exequity LLP |
| Phillips 66 | 134% | PSU 70 · RSU 30 | Yes — Relative TSR | Mercer |
| PPG Industries, Inc. | 93% | Option 33 · PRSU 33 · TSR Shares 33 | No | FW Cook |
| RPM International Inc. | not disclosed | not disclosed | No | Willis Towers Watson |
| Shin-Etsu Chemical Co., Ltd. | not disclosed | not disclosed | not disclosed | not disclosed |
| The Sherwin-Williams Company | 110.86% | PSU 60 · Options 40 | No | Mercer (US) LLC |
| Valero Energy Corporation | 199.23% | PSU 50 · RSU 50 | Yes — Relative TSR | Exequity |
| Westlake Corporation | 111% | Option 33 · RSU 33 · PSU 33 | Yes — Relative TSR | Willis Towers Watson |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-22 | 257,609,478 | 8,749,875 | 465,012 | 96.72% | Passed |
| 2025 | 2025-05-23 | 265,325,326 | 10,567,631 | 511,479 | 96.17% | Passed |
| 2024 | 2024-05-24 | 277,508,840 | 6,509,310 | 339,003 | 97.71% | Passed |
| 2023 | 2023-05-19 | 272,594,744 | 6,627,652 | 245,014 | 97.63% | Passed |
| 2022 | 2022-05-27 | 277,085,546 | 9,149,315 | 420,775 | 96.8% | Passed |
| 2021 | 2021-05-28 | 283,513,644 | 9,098,772 | 353,180 | 96.89% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-05-22 | 96.72%a |
| 2025 | 2025-05-23 | 96.17%b |
| 2024 | 2024-05-24 | 97.71%c |
a. Approved under the standard stated in the filing — “Each other voting item set forth in this proxy statement requires the affirmative vote of a majority of the votes cast by shareholders in order to be approved.”.
b. Voting standard not stated in the filing.
c. Voting standard not stated in the filing.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 141 : 1 |
|---|---|
| CEO total compensation | $15,577,445 |
| Median employee compensation | $110,140 |
Insider trades since the proxy
Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Matthew D. Hayes | SVP & CAO | 2026-04-15 | D | 40 | $73 | $2,925 | Common | Form 4 ↗ |
| Agustin Izquierdo | EVP & Chief Financial Officer | 2026-04-15 | D | 45 | 73 | 3,291 | Common | Form 4 ↗ |
| Jeffrey Kaplan | EVP, Chief PC, Leg & Corp Ofc | 2026-05-13 | D | 10,000 | 74 | 741,573 | Common | Form 4 ↗ |
| Tony Chase | Director | 2026-05-21 | A | 2,321 | 0 | 0 | Common | Form 4 ↗ |
| Jacques Aigrain | Director | 2026-05-21 | A | 4,437 | 0 | 0 | Common | Form 4 ↗ |
| Robin Buchanan | Director | 2026-05-21 | A | 2,321 | 0 | 0 | Common | Form 4 ↗ |
| Claire Farley | Director | 2026-05-21 | A | 2,321 | 0 | 0 | Common | Form 4 ↗ |
| Bob Dudley | Director | 2026-05-21 | A | 2,321 | 0 | 0 | Common | Form 4 ↗ |
| Bridget Karlin | Director | 2026-05-21 | A | 2,321 | 0 | 0 | Common | Form 4 ↗ |
| Rita Griffin | Director | 2026-05-21 | A | 2,321 | 0 | 0 | Common | Form 4 ↗ |
| Albert Manifold | Director | 2026-05-21 | A | 2,321 | 0 | 0 | Common | Form 4 ↗ |
| Lincoln Benet | Director | 2026-05-21 | A | 2,321 | 0 | 0 | Common | Form 4 ↗ |
| Virginia Kamsky | Director | 2026-05-21 | A | 2,321 | 0 | 0 | Common | Form 4 ↗ |
| Michael Hanley | Director | 2026-05-21 | A | 2,321 | 0 | 0 | Common | Form 4 ↗ |
| Lincoln Benet | Director | 2026-05-22 | D | 1,410 | 70 | 98,305 | Common | Form 4 ↗ |
| Jacques Aigrain | Director | 2026-05-22 | D | 575 | 70 | 40,089 | Common | Form 4 ↗ |
| Bob Dudley | Director | 2026-05-22 | D | 708 | 70 | 49,362 | Common | Form 4 ↗ |
| Virginia Kamsky | Director | 2026-05-22 | D | 593 | 70 | 41,344 | Common | Form 4 ↗ |
| Rita Griffin | Director | 2026-05-22 | D | 639 | 70 | 44,551 | Common | Form 4 ↗ |
| Albert Manifold | Director | 2026-05-22 | D | 689 | 70 | 48,037 | Common | Form 4 ↗ |
| Robin Buchanan | Director | 2026-05-22 | D | 1,247 | 70 | 86,941 | Common | Form 4 ↗ |
| Tony Chase | Director | 2026-05-22 | D | 540 | 70 | 37,649 | Common | Form 4 ↗ |
| Michael Hanley | Director | 2026-05-22 | D | 540 | 70 | 37,649 | Common | Form 4 ↗ |
| Bridget Karlin | Director | 2026-05-22 | D | 521 | 70 | 36,324 | Common | Form 4 ↗ |
| Claire Farley | Director | 2026-05-22 | D | 565 | 70 | 39,392 | Common | Form 4 ↗ |
| Virginia Kamsky | Director | 2026-06-30 | D | 100 | 53 | 5,265 | Common | Form 4 ↗ |
| Virginia Kamsky | Director | 2026-06-30 | A | 561 | 0 | 0 | Common | Form 4 ↗ |
| Bridget Karlin | Director | 2026-06-30 | A | 615 | 0 | 0 | Common | Form 4 ↗ |
| Bridget Karlin | Director | 2026-06-30 | D | 73 | 53 | 3,843 | Common | Form 4 ↗ |
| Bridget Karlin | Director | 2026-09-30 | D | 194 | 57 | 11,149 | Common | Form 4 ↗ |
| Virginia Kamsky | Director | 2026-09-30 | D | 139 | 57 | 7,988 | Common | Form 4 ↗ |
| Virginia Kamsky | Director | 2026-09-30 | A | 720 | 0 | 0 | Common | Form 4 ↗ |
| Bridget Karlin | Director | 2026-09-30 | A | 781 | 0 | 0 | Common | Form 4 ↗ |
| Matthew D. Hayes | SVP & CAO | 2026-10-15 | D | 152 | 63 | 9,526 | Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
Sources (105 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Peter Vanacker. DEF 14A, filed 2026-04-10. Section “Compensation Tables” · page 59. As printed: 15,577,445. View filing ↗
- Section 01, Michael McMurray. DEF 14A, filed 2026-04-10. Section “Compensation Tables” · page 59. As printed: 5,423,548. View filing ↗
- Section 01, Kimberly Foley. DEF 14A, filed 2026-04-10. Section “Compensation Tables” · page 59. As printed: 4,363,491. View filing ↗
- Section 01, Torkel Rhenman. DEF 14A, filed 2026-04-10. Section “Compensation Tables” · page 59. As printed: 4,246,112. View filing ↗
- Section 01, Jeffrey Kaplan. DEF 14A, filed 2026-04-10. Section “Summary Compensation Table”. As printed: 4,065,549. View filing ↗
- Section 01, Agustin Izquierdo. DEF 14A, filed 2026-04-10. Section “Compensation Tables” · page 59. As printed: 2,943,206. View filing ↗
- Section 03, Kimberly Foley RSU. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Jeffrey Kaplan RSU. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Michael McMurray PSU. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Kimberly Foley PSU. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Torkel Rhenman PSU. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Agustin Izquierdo PSU. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Peter Vanacker PSU. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Agustin Izquierdo RSU. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Michael McMurray RSU. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Peter Vanacker RSU. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Torkel Rhenman RSU. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Jeffrey Kaplan PSU. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-04-10. Section “CEO Pay Ratio”. As printed: 141 : 1. View filing ↗
- Section 08, Jacques Aigrain. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 679,152. View filing ↗
- Section 08, Michael Hanley. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 346,208. View filing ↗
- Section 08, Claire Farley. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 339,410. View filing ↗
- Section 08, Bridget Karlin. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 337,044. View filing ↗
- Section 08, Rita Griffin. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 336,815. View filing ↗
- Section 08, Tony Chase. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 328,660. View filing ↗
- Section 08, Virginia Kamsky. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 324,160. View filing ↗
- Section 08, Albert Manifold. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 321,815. View filing ↗
- Section 08, Bob Dudley. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 319,315. View filing ↗
- Section 08, Lincoln Benet. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 314,315. View filing ↗
- Section 08, Robin Buchanan. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 299,315. View filing ↗
- Section 08, Peter Vanacker. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 02, Matthew D. Hayes 2026-04-15. Form 4, filed 2026-04-17. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Agustin Izquierdo 2026-04-15. Form 4, filed 2026-04-17. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Jeffrey Kaplan 2026-05-13. Form 4, filed 2026-05-15. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Tony Chase 2026-05-21. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Jacques Aigrain 2026-05-21. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Robin Buchanan 2026-05-21. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Claire Farley 2026-05-21. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Bob Dudley 2026-05-21. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Bridget Karlin 2026-05-21. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Rita Griffin 2026-05-21. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Albert Manifold 2026-05-21. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Lincoln Benet 2026-05-21. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Virginia Kamsky 2026-05-21. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Michael Hanley 2026-05-21. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Lincoln Benet 2026-05-22. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Jacques Aigrain 2026-05-22. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Bob Dudley 2026-05-22. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Virginia Kamsky 2026-05-22. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Rita Griffin 2026-05-22. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Albert Manifold 2026-05-22. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Robin Buchanan 2026-05-22. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Tony Chase 2026-05-22. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Michael Hanley 2026-05-22. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Bridget Karlin 2026-05-22. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Claire Farley 2026-05-22. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Virginia Kamsky 2026-06-30. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Virginia Kamsky 2026-06-30. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Bridget Karlin 2026-06-30. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Bridget Karlin 2026-06-30. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Bridget Karlin 2026-09-30. Form 4, filed 2026-10-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Virginia Kamsky 2026-09-30. Form 4, filed 2026-10-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Virginia Kamsky 2026-09-30. Form 4, filed 2026-10-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Bridget Karlin 2026-09-30. Form 4, filed 2026-10-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Matthew D. Hayes 2026-10-15. Form 4, filed 2026-10-16. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-22. Item 5.07 · say-on-pay result. As reported: 96.72% (votes for as printed: 257,609,478). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-23. Item 5.07 · say-on-pay result. As reported: 96.17% (votes for as printed: 265,325,326). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-24. Item 5.07 · say-on-pay result. As reported: 97.71% (votes for as printed: 277,508,840). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 1,805,884 + equity 1,957,302 + all other 183,023 = 3,946,209, summed across the director compensation table rows.
- Valero Energy Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in Valero Energy Corporation's own proxy. As printed: 34,228,523. View filing ↗
- Deere & Company, Section 10b CEO total. DEF 14A, filed 2026-01-14. CEO total compensation as printed in Deere & Company's own proxy. As printed: 27,925,424. View filing ↗
- General Dynamics Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in General Dynamics Corporation's own proxy. As printed: 25,924,082. View filing ↗
- Archer-Daniels-Midland Company, Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Archer-Daniels-Midland Company's own proxy. As printed: 23,886,978. View filing ↗
- Phillips 66, Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Phillips 66's own proxy. As printed: 23,113,403. View filing ↗
- Linde plc, Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Linde plc's own proxy. As printed: 21,777,870. View filing ↗
- 3M Company, Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in 3M Company's own proxy. As printed: 21,005,009. View filing ↗
- Honeywell International Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Honeywell International Inc.'s own proxy. As printed: 20,381,435. View filing ↗
- Johnson Controls International, Section 10b CEO total. DEF 14A, filed 2026-01-16. CEO total compensation as printed in Johnson Controls International's own proxy. As printed: 19,963,827. View filing ↗
- Cummins Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Cummins Inc.'s own proxy. As printed: 19,905,532. View filing ↗
- Eastman Chemical Company, Section 10b CEO total. DEF 14A, filed 2026-03-24. CEO total compensation as printed in Eastman Chemical Company's own proxy. As printed: 19,498,966. View filing ↗
- Dow Inc., Section 10b CEO total. DEF 14A, filed 2026-02-27. CEO total compensation as printed in Dow Inc.'s own proxy. As printed: 19,078,777. View filing ↗
- Marathon Petroleum Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-16. CEO total compensation as printed in Marathon Petroleum Corporation's own proxy. As printed: 19,016,261. View filing ↗
- Caterpillar Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Caterpillar Inc.'s own proxy. As printed: 17,008,077. View filing ↗
- DuPont de Nemours, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in DuPont de Nemours, Inc.'s own proxy. As printed: 16,134,250. View filing ↗
- LyondellBasell Industries (subject), Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in LyondellBasell Industries's own proxy. As printed: 15,577,445. View filing ↗
- The Sherwin-Williams Company, Section 10b CEO total. DEF 14A, filed 2026-03-11. CEO total compensation as printed in The Sherwin-Williams Company's own proxy. As printed: 14,914,317. View filing ↗
- PPG Industries, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-05. CEO total compensation as printed in PPG Industries, Inc.'s own proxy. As printed: 14,885,022. View filing ↗
- International Paper Company, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in International Paper Company's own proxy. As printed: 14,838,324. View filing ↗
- Huntsman Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-16. CEO total compensation as printed in Huntsman Corporation's own proxy. As printed: 14,666,623. View filing ↗
- HF Sinclair Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in HF Sinclair Corporation's own proxy. As printed: 14,278,553. View filing ↗
- FMC Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-13. CEO total compensation as printed in FMC Corporation's own proxy. As printed: 12,038,391. View filing ↗
- RPM International Inc., Section 10b CEO total. DEF 14A, filed 2026-08-25. CEO total compensation as printed in RPM International Inc.'s own proxy. As printed: 11,133,668. View filing ↗
- Celanese Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-04. CEO total compensation as printed in Celanese Corporation's own proxy. As printed: 10,137,072. View filing ↗
- Olin Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-20. CEO total compensation as printed in Olin Corporation's own proxy. As printed: 9,798,424. View filing ↗
- Westlake Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Westlake Corporation's own proxy. As printed: 6,423,651. View filing ↗
- Section 10a, Celanese Corporation reciprocity. DEF 14A. Celanese Corporation names LyondellBasell Industries in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Westlake Corporation reciprocity. DEF 14A. Westlake Corporation names LyondellBasell Industries in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, HF Sinclair Corporation reciprocity. DEF 14A. HF Sinclair Corporation names LyondellBasell Industries in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, International Paper Company reciprocity. DEF 14A. International Paper Company names LyondellBasell Industries in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Phillips 66 reciprocity. DEF 14A. Phillips 66 names LyondellBasell Industries in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, The Sherwin-Williams Company reciprocity. DEF 14A. The Sherwin-Williams Company names LyondellBasell Industries in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Valero Energy Corporation reciprocity. DEF 14A. Valero Energy Corporation names LyondellBasell Industries in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, PPG Industries, Inc. reciprocity. DEF 14A. PPG Industries, Inc. names LyondellBasell Industries in its own disclosed peer group (read from its most recent proxy). View filing ↗