Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-16

LSB Industries (LXU)

CEO Mark Behrman was paid $5,327,795 in fiscal year 2025, ↑ up 22.6% from fiscal year 2024, the 64th percentile of its disclosed peer group (SEC filing 0001193125-26-151347 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$5,327,795 ↑
Mark Behrman total, FY2025
64th
CEO pay percentile vs peers
—
CEO-to-median pay ratio
99.58%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Mark Behrman (President and Chief Executive Officer), FY2025 total compensation $5,327,795 (base salary $785,731) [exec_comp, SEC accession 0001193125-26-151347, filed 2026-04-10]

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LXU's next annual pay disclosure, estimated April 5, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Mark Behrman$785,731$0$3,448,209$0$1,073,600$0$20,255$5,327,795
President and Chief Executive Officer
Cheryl Maguire448,9610660,4600414,49509291,524,845
Executive Vice President and Chief Financial Officer
Michael Foster445,6920596,7990384,30008,5701,435,361
Executive Vice President, General Counsel and Secretary
Damien Renwick415,5570535,8090362,95009,4451,323,761
Executive Vice President and Chief Commercial Officer
Scott Bemis349,1150237,3850262,056020,887869,443
Executive Vice President, Manufacturing

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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Mark Behrman$5,327,795$4,344,104$4,487,833↑ +983,691
Cheryl Maguire1,524,8451,191,9911,235,975↑ +332,854
Michael Foster1,435,3611,151,0971,216,383↑ +284,264
Damien Renwick1,323,7611,072,092967,243↑ +251,669
Scott Bemis869,443460,551—↑ +408,892

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against LXU
6 companies name LXU as a compensation peer

Each company listed discloses LXU 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 LXU in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Damien RenwickCCO$1,323,761
Cheryl MaguireCFO$1,524,845
Mark BehrmanCEO$5,327,795
Michael FosterGeneral Counsel$1,435,361
Scott BemisEVP$869,443
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Cheryl MaguirePSU2025-01-1613,60727,21327,21354,426$660,460
Scott BemisPSU2025-01-164,8919,7819,78119,562237,385
Damien RenwickPSU2025-01-1611,03922,07722,07744,154535,809
Michael FosterPSU2025-01-1612,29524,59024,59049,180596,799
Mark BehrmanPSU2025-01-1671,039142,077142,077284,1543,448,209
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Cheryl Maguire$0$660,460$0100.0%
Scott Bemis0237,3850100.0%
Damien Renwick0535,8090100.0%
Michael Foster0596,7990100.0%
Mark Behrman03,448,2090100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Cheryl MaguirePSU28,479—$242,072
Michael FosterRSU18,812—159,902
Scott BemisPSU9,781—83,139
Cheryl MaguirePSU27,213—231,311
Damien RenwickRSU3,836—32,606
Mark BehrmanRSU31,821—270,479
Mark BehrmanRSU105,202—894,217
Michael FosterRSU24,590—209,015
Damien RenwickPSU8,183—69,556
Damien RenwickRSU16,906—143,701
Damien RenwickRSU22,077—187,655
Scott BemisRSU13,402—113,917
Mark BehrmanPSU157,802—1,341,317
Mark BehrmanRSU142,077—1,207,655
Cheryl MaguireRSU5,754—48,909
Mark BehrmanPSU142,077—1,207,655
Michael FosterPSU12,159—103,352
Mark BehrmanPSU67,884—577,014
Michael FosterRSU5,700—48,450
Michael FosterPSU28,218—239,853
Cheryl MaguireRSU27,213—231,311
Damien RenwickPSU25,358—215,543
Michael FosterPSU24,590—209,015
Damien RenwickPSU22,077—187,655
Cheryl MaguireRSU18,986—161,381
Cheryl MaguirePSU12,274—104,329
Scott BemisRSU9,781—83,139
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation program ties strategy and performance to compensation, including equity-based compensation, to focus our executive team on the long-term success of the Company and align their interests with those of our stockholders. The program is designed to assist in attracting, motivating, and retaining exceptional talent while improving operational and financial performance, with a core philosophy of pay-for-performance.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantCompensation Strategies
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-2148,217,328204,86644,66499.58%Passed
20252025-05-1550,880,212919,893122,77498.22%Passed
20242024-05-2349,660,3353,109,58652,94594.11%Passed
20232023-05-1155,880,2921,855,48538,40396.79%Passed
20222022-05-1274,957,231703,38430,35499.07%Passed
20202020-05-1420,598,3051,584,97936,93392.86%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 yearMeeting dateApproval — company's computation
20262026-05-2199.58%a
20252025-05-1598.22%b
20242024-05-2394.11%c

a. Approved under the standard stated in the filing — “Abstentions will not be counted as votes cast for or against this proposal and broker non-votes will have no effect on the outcome of this proposal.”.

b. Approved under the standard stated in the filing — “Abstentions will not be counted as votes cast for or against this proposal and broker non-votes will have no effect on the outcome of this proposal.”.

c. Approved under the standard stated in the filing — “Abstentions will not be counted as votes cast for or against the director and broker non-votes will have no effect on this proposal.”.

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.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Lynn F. WhiteIndependent · Lead Independent Director · Audit · Compensation (Chair)$157,500$120,002———$277,502
Diana M. PeningerIndependent · Audit · Compensation92,500120,002———212,502
Jonathan S. BobbIndependent · Nominating and Corporate Governance · Compensation212,500————212,500
Barry H. GolsenIndependent · Audit · Nominating and Corporate Governance210,000————210,000
Kanna KitamuraIndependent207,500————207,500
Riccardo BertoccoIndependent · Audit · Newly elected57,747120,002———177,749
Mark T. BehrmanEmployee director · Board Chair—————0
Jonathan Z. AckermanIndependent · Not standing for re-election · Newly elected——————
09

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer$120,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 12,500
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$937,747
Equity awards (grant-date value)$360,006
All other compensation$0
Total cost of the board$1,297,753

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

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.

10a

Peer reciprocity

Of the companies LSB Industries names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including LSB Industries.

10b

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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Ingevity Corporation2025David Li$810,685$8,500,086$2,000,007$1,293,600$12,839,719
2CSW Industrials, Inc.2026Joseph Armes925,0004,938,00101,286,9767,273,615
3Compass Minerals International2025Edward Dowling Jr.1,000,0003,500,01901,645,2806,343,575
4AdvanSix Inc.2025Erin Kane1,019,7003,747,9000785,4005,647,438
5LSB Industries2025Mark Behrman785,7313,448,20901,073,6005,327,795
6Ecovyst, Inc.2025Kurt Bitting750,0003,347,7520804,0004,992,440
7Intrepid Potash, Inc.2025Kevin Crutchfield600,0002,151,2840822,0003,887,607
8Quaker Chemical Corporation2025Joseph Berquist800,0002,420,3190461,8403,709,451
9Hawkins, Inc.2026Patrick Hawkins743,2692,062,3930736,9843,607,894
10Orion Engineered Carbons S.A2025Corning Painter1,140,0001,732,6550598,5003,488,971
11American Vanguard Corporation2025Douglas Kaye650,0000—235,9501,069,480
12CVR Partners, LP2025Gregory Rizzo332,924000434,372

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
LSB Industriesnot disclosedRSU 50 · PSU 50not disclosedCompensation Strategies
AdvanSix Inc.not disclosedPSU 50 · RSU 50not disclosednot disclosed
American Vanguard Corporationnot disclosednot disclosednot disclosedExequity, LLP
Compass Minerals Internationalnot disclosedRSU 50 · PSU 50not disclosedFW Cook
CSW Industrials, Inc.not disclosedPSU 60 · RSU 40not disclosedWTW
CVR Partners, LPnot disclosednot disclosednot disclosednot disclosed
Ecovyst, Inc.not disclosedPSU 60 · RSU 40not disclosedWillis Towers Watson
Hawkins, Inc.not disclosedPRSU 100not disclosedMcLagan
Ingevity Corporationnot disclosedPSU 50 · RSU 50not disclosedPearl Meyer
Intrepid Potash, Inc.not disclosedPSU 60 · RSU 40not disclosedF.W. Cook
Orion Engineered Carbons S.Anot disclosednot disclosednot disclosednot disclosed
Quaker Chemical Corporationnot disclosedPSU 60 · RSU 40not disclosedMeridian Compensation Partners

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.

10d

Frequently asked questions

Who was the highest-paid executive at LSB Industries in fiscal 2025?
As disclosed, Mark Behrman (President and Chief Executive Officer) was the highest-paid executive at LSB Industries in fiscal 2025, with total compensation of $5,327,795.
How does LSB Industries's chief executive pay compare to its disclosed peer group?
As disclosed, Mark Behrman's total compensation ranked at the 64th percentile of LSB Industries's disclosed peer group.
How did shareholders vote on LSB Industries's executive compensation?
As disclosed, 99.58% of shareholders supported LSB Industries's executive compensation in the latest say-on-pay vote.
How much does LSB Industries spend in total on board compensation for fiscal 2025?
As disclosed, LSB Industries reported total board compensation of $1,297,753 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.

11

Source register

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.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Mark BehrmanDEF 14A2026-04-100001193125-26-151347Section “2025 Summary Compensation Table” · page 49. As printed: 5,327,795. View filing ↗
2Section 01, Cheryl MaguireDEF 14A2026-04-100001193125-26-151347Section “2025 Summary Compensation Table” · page 49. As printed: 1,524,845. View filing ↗
3Section 01, Michael FosterDEF 14A2026-04-100001193125-26-151347Section “2025 Summary Compensation Table” · page 49. As printed: 1,435,361. View filing ↗
4Section 01, Damien RenwickDEF 14A2026-04-100001193125-26-151347Section “2025 Summary Compensation Table” · page 49. As printed: 1,323,761. View filing ↗
5Section 01, Scott BemisDEF 14A2026-04-100001193125-26-151347Section “2025 Summary Compensation Table” · page 49. As printed: 869,443. View filing ↗
6Section 03, Cheryl Maguire PSUDEF 14A2026-04-100001193125-26-151347Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
7Section 03, Scott Bemis PSUDEF 14A2026-04-100001193125-26-151347Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
8Section 03, Damien Renwick PSUDEF 14A2026-04-100001193125-26-151347Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
9Section 03, Michael Foster PSUDEF 14A2026-04-100001193125-26-151347Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
10Section 03, Mark Behrman PSUDEF 14A2026-04-100001193125-26-151347Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
11Section 08, Lynn F. WhiteDEF 14A2026-04-100001193125-26-151347Section “Director Compensation”. As printed: 277,502. View filing ↗
12Section 08, Diana M. PeningerDEF 14A2026-04-100001193125-26-151347Section “Director Compensation”. As printed: 212,502. View filing ↗
13Section 08, Jonathan S. BobbDEF 14A2026-04-100001193125-26-151347Section “Director Compensation”. As printed: 212,500. View filing ↗
14Section 08, Barry H. GolsenDEF 14A2026-04-100001193125-26-151347Section “Director Compensation”. As printed: 210,000. View filing ↗
15Section 08, Kanna KitamuraDEF 14A2026-04-100001193125-26-151347Section “Director Compensation”. As printed: 207,500. View filing ↗
16Section 08, Riccardo BertoccoDEF 14A2026-04-100001193125-26-151347Section “Director Compensation”. As printed: 177,749. View filing ↗
17Section 08, Mark T. BehrmanDEF 14A2026-04-100001193125-26-151347Section “Director Compensation”. As printed: 0. View filing ↗
18Section 08, Jonathan Z. AckermanDEF 14A2026-04-100001193125-26-151347Section “Director Compensation”. As printed: —. View filing ↗
19Section 06, 2026 voteForm 8-K2026-05-210001193125-26-234766Item 5.07 · say-on-pay result. As reported: 99.58% (votes for as printed: 48,217,328.06). View filing ↗
20Section 06, 2025 voteForm 8-K2025-05-190000950170-25-074408Item 5.07 · say-on-pay result. As reported: 98.22% (votes for as printed: 50,880,212.93). View filing ↗
21Section 06, 2024 voteForm 8-K2024-05-300000950170-24-066121Item 5.07 · say-on-pay result. As reported: 94.11% (votes for as printed: 49,660,335). View filing ↗
22Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.
23Section 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).
24Section 09b board cost (computed)Computed——Cash 937,747 + equity 360,006 + all other 0 = 1,297,753, summed across the director compensation table rows.
25Ingevity Corporation, Section 10b CEO totalDEF 14A2026-03-170001104659-26-029507CEO total compensation as printed in Ingevity Corporation's own proxy. As printed: 12,839,719. View filing ↗
26CSW Industrials, Inc., Section 10b CEO totalDEF 14A2026-07-160001193125-26-306099CEO total compensation as printed in CSW Industrials, Inc.'s own proxy. As printed: 7,273,615. View filing ↗
27Compass Minerals International, Section 10b CEO totalDEF 14A2026-01-230001308179-26-000019CEO total compensation as printed in Compass Minerals International's own proxy. As printed: 6,343,575. View filing ↗
28AdvanSix Inc., Section 10b CEO totalDEF 14A2026-04-290001673985-26-000022CEO total compensation as printed in AdvanSix Inc.'s own proxy. As printed: 5,647,438. View filing ↗
29LSB Industries (subject), Section 10b CEO totalDEF 14A2026-04-100001193125-26-151347CEO total compensation as printed in LSB Industries's own proxy. As printed: 5,327,795. View filing ↗
30Ecovyst, Inc., Section 10b CEO totalDEF 14A2026-04-150001140361-26-014838CEO total compensation as printed in Ecovyst, Inc.'s own proxy. As printed: 4,992,440. View filing ↗
31Intrepid Potash, Inc., Section 10b CEO totalDEF 14A2026-04-170001140361-26-015363CEO total compensation as printed in Intrepid Potash, Inc.'s own proxy. As printed: 3,887,607. View filing ↗
32Quaker Chemical Corporation, Section 10b CEO totalDEF 14A2026-03-310001628280-26-022236CEO total compensation as printed in Quaker Chemical Corporation's own proxy. As printed: 3,709,451. View filing ↗
33Hawkins, Inc., Section 10b CEO totalDEF 14A2026-06-180000046250-26-000026CEO total compensation as printed in Hawkins, Inc.'s own proxy. As printed: 3,607,894. View filing ↗
34Orion Engineered Carbons S.A, Section 10b CEO totalDEF 14A2026-04-240001308179-26-000347CEO total compensation as printed in Orion Engineered Carbons S.A's own proxy. As printed: 3,488,971. View filing ↗
35American Vanguard Corporation, Section 10b CEO totalDEF 14A2026-04-230001193125-26-173620CEO total compensation as printed in American Vanguard Corporation's own proxy. As printed: 1,069,480. View filing ↗
36CVR Partners, LP, Section 10b CEO totalDEF 14A2026-04-030000019871-26-000010CEO total compensation as printed in CVR Partners, LP's own proxy. As printed: 434,372. View filing ↗
37Section 10a, Intrepid Potash, Inc. reciprocityDEF 14A—0001140361-26-015363Intrepid Potash, Inc.'s most recent proxy was read; its disclosed peer group does not include LSB Industries. View filing ↗
38Section 10a, AdvanSix Inc. reciprocityDEF 14A—0001673985-26-000022AdvanSix Inc. names LSB Industries in its own disclosed peer group (read from its most recent proxy). View filing ↗
39Section 10a, Ecovyst, Inc. reciprocityDEF 14A—0001140361-26-014838Ecovyst, Inc. names LSB Industries in its own disclosed peer group (read from its most recent proxy). View filing ↗
40Section 10a, American Vanguard Corporation reciprocityDEF 14A—0001193125-26-173620American Vanguard Corporation names LSB Industries in its own disclosed peer group (read from its most recent proxy). View filing ↗
41Section 10a, CSW Industrials, Inc. reciprocityDEF 14A—0001193125-26-306099CSW Industrials, Inc.'s most recent proxy was read; its disclosed peer group does not include LSB Industries. View filing ↗
42Section 10a, Ingevity Corporation reciprocityDEF 14A—0001104659-26-029507Ingevity Corporation's most recent proxy was read; its disclosed peer group does not include LSB Industries. View filing ↗
43Section 10a, Compass Minerals International reciprocityDEF 14A—0001308179-26-000019Compass Minerals International names LSB Industries in its own disclosed peer group (read from its most recent proxy). View filing ↗
44Section 10a, Quaker Chemical Corporation reciprocityDEF 14A—0001628280-26-022236Quaker Chemical Corporation's most recent proxy was read; its disclosed peer group does not include LSB Industries. View filing ↗
45Section 10a, Orion Engineered Carbons S.A reciprocityDEF 14A—0001308179-26-000347Orion Engineered Carbons S.A's most recent proxy was read; its disclosed peer group does not include LSB Industries. View filing ↗