Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-29

Orion (OEC)

Fiscal year 2025 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.

$3,488,971
Corning Painter total, FY2025
1st
CEO pay percentile vs peers
45:1
CEO-to-median pay ratio
95.86%
Say-on-pay support, latest vote
Companies that benchmark against OEC
No companies currently name OEC as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Corning Painter$1,140,000$0$1,732,655$0$598,500$0$17,816$3,488,971
Chief Executive Officer
Jeff Glajch506,6740330,0350172,903017,8161,027,428
Former Chief Financial Officer
Sandra Niewiem437,4550173,3800137,7980104,662853,295
SVP, Global Specialty Carbon Black and EMEA Region
Pedro Riveros449,8260195,3420141,695017,816804,679
SVP, Global Rubber Carbon Black and Americas Region
Carlos Quinones415,8550180,5900130,994017,816745,255
SVP, Global Operations
Jon Puckett38,46270,000258,86000051,790419,112
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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Corning Painter$3,488,971
Jeff Glajch1,027,428
Sandra Niewiem853,295
Pedro Riveros804,679
Carlos Quinones745,255
Jon Puckett419,112

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

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
Jeff GlajchPSU2025-05-0515,76331,52563,050$167,768
Jeff GlajchRSU2025-05-0513,511162,267
Sandra NiewiemRSU2025-05-057,09885,247
Sandra NiewiemPSU2025-05-058,28116,56133,12288,133
Corning PainterPSU2025-05-0582,753165,505331,010880,774
Corning PainterRSU2025-05-0570,931851,811
Jon PuckettRSU2025-12-1349,213258,860
Carlos QuinonesPSU2025-05-058,62517,25034,50091,800
Carlos QuinonesRSU2025-05-057,39388,790
Pedro RiverosRSU2025-05-057,99796,044
Pedro RiverosPSU2025-05-059,33018,65937,31899,298
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Jeff Glajch$162,267$167,768$050.8%
Sandra Niewiem85,24788,133050.8%
Corning Painter851,811880,774050.8%
Jon Puckett258,860000.0%
Carlos Quinones88,79091,800050.8%
Pedro Riveros96,04499,298050.8%

% 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
Corning PainterPSU82,753$436,933
Corning PainterPSU59,040311,731
Jon PuckettRSU49,213259,845
Corning PainterRSU47,287249,675
Corning PainterRSU16,86989,068
Jeff GlajchPSU15,76383,228
Jeff GlajchPSU11,42760,335
Pedro RiverosPSU9,33049,262
Jeff GlajchRSU9,00747,557
Carlos QuinonesPSU8,62545,540
Sandra NiewiemPSU8,28143,724
Pedro RiverosPSU6,62134,959
Sandra NiewiemPSU5,90431,173
Pedro RiverosRSU5,33128,148
Carlos QuinonesRSU4,92926,025
Sandra NiewiemRSU4,73224,985
Carlos QuinonesPSU4,59924,283
Jeff GlajchRSU3,26517,239
Pedro RiverosRSU1,8929,990
Sandra NiewiemRSU1,6878,907
Carlos QuinonesRSU1,3146,938
05

Incentive-plan design — the Compensation Discussion & Analysis

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultant
Clawback policytrue
Anti-hedging
Anti-pledging
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-2541,016,6141,769,80931,90695.86%Passed
20252025-06-2642,057,7442,911,936468,79993.52%Passed
20242024-06-2045,336,3571,901,3938,39495.97%Passed
20222022-06-3041,832,1152,884,74173,23893.55%Passed
20212021-06-2448,160,1021,026,237180,18997.91%Passed
20202020-06-3045,119,5591,006,00493,40297.82%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
20262026-06-2595.86%a
20252025-06-2693.52%b
20242024-06-2095.97%c

a. Voting standard not stated in the filing.

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.

07

CEO pay ratio

Ratio (CEO : median employee)45 : 1
CEO total compensation
Median employee compensation$78,448
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Dan SmithIndependent · Board Chair · Compensation (Chair) · Executive (Chair) · Chairman of the Board$235,000$137,500$0$0$372,500
Paul HuckIndependent · Audit (Chair) · Compensation · Executive137,000137,50000274,500
Kerry GalvinIndependent · Audit · Nominating, Sustainability and Governance (Chair) · Executive135,000137,50000272,500
Mary LindseyIndependent · Audit115,000137,50000252,500
Didier MiratonIndependent · Compensation112,000137,50000249,500
Yi Hyon PaikIndependent · Nominating, Sustainability and Governance110,000137,50000247,500
Michel WurthIndependent · Nominating, Sustainability and Governance · Not standing for re-election110,000137,50000247,500
Jacqueline HoogerbruggeIndependent · Audit · Newly elected57,500137,50000195,000
Hans-Dietrich WinkhausIndependent · Audit · Departed during FY57,50000057,500
Corning PainterEmployee director · Executive0
09

Board fee structure and ownership guideline

Annual cash retainer$105,000
Annual equity retainer$137,500
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 25,000 / 20,000
Stock ownership guideline$525,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,069,000
Equity awards (grant-date value)$1,100,000
All other compensation$0
Total cost of the board$2,169,000

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.

FUL HB Fuller CompanyECVT Ecovyst, Inc.SXT Sensient Technologies CorporationTROX Tronox Holdings PLCKWR Quaker Chemical CorporationASIX Advansix, Inc.MTX Minerals Technologies Inc.KOP Koppers Holdings, Inc.ASH Ashland, Inc.IOSP Innospec Inc.CBT Cabot Corporation Ingevity Corporation
10a

Peer reciprocity

Of the companies Orion 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.

HB Fuller Company (FUL) Ecovyst, Inc. (ECVT) Sensient Technologies Corporation (SXT) Tronox Holdings PLC (TROX) Quaker Chemical Corporation (KWR) Advansix, Inc. (ASIX) Minerals Technologies Inc. (MTX) Koppers Holdings, Inc. (KOP) Ashland, Inc. (ASH) Innospec Inc. (IOSP) Cabot Corporation (CBT)37

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 Orion.

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
1Cabot Corporation2025Sean Keohane$1,100,000$4,224,847$2,274,925$1,402,501$9,307,883
2Ashland, Inc.2025Guillermo Novo1,152,3325,233,86301,313,8307,907,423
3Orion2025Corning Painter1,140,0001,732,6550598,5003,488,971
HB Fuller Companynot in coverage universe
Ecovyst, Inc.not in coverage universe
Sensient Technologies Corporationnot in coverage universe
Tronox Holdings PLCnot in coverage universe
Quaker Chemical Corporationnot in coverage universe
Advansix, Inc.not in coverage universe
Minerals Technologies Inc.not in coverage universe
Koppers Holdings, Inc.not in coverage universe
Innospec Inc.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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Orionnot disclosednot disclosednot disclosednot disclosed
Advansix, Inc.not disclosednot disclosednot disclosednot disclosed
Ashland, Inc.90.4%not disclosedYes — Relative Total Shareholder Return (rTSR)Meridian Compensation Partners
Cabot Corporation90%PSU 35 · Options 35 · RSU 30NoMeridian Compensation Partners
Ecovyst, Inc.not disclosednot disclosednot disclosednot disclosed
HB Fuller Companynot disclosednot disclosednot disclosednot disclosed
Innospec Inc.not disclosednot disclosednot disclosednot disclosed
Koppers Holdings, Inc.not disclosednot disclosednot disclosednot disclosed
Minerals Technologies Inc.not disclosednot disclosednot disclosednot disclosed
Quaker Chemical Corporationnot disclosednot disclosednot disclosednot disclosed
Sensient Technologies Corporationnot disclosednot disclosednot disclosednot disclosed
Tronox Holdings PLCnot disclosednot disclosednot disclosednot disclosed

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.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Corning PainterDEF 14A2026-04-240001308179-26-000347Section “Executive Compensation”. As printed: 3,488,971. Filing ↗machine: r1 · c14 · span 1070480–1070489
2Section 01, Jeff GlajchDEF 14A2026-04-240001308179-26-000347Section “Executive Compensation”. As printed: 1,027,428. Filing ↗machine: r7 · c14 · span 1081808–1081817
3Section 01, Sandra NiewiemDEF 14A2026-04-240001308179-26-000347Section “Executive Compensation”. As printed: 853,295. Filing ↗machine: r10 · c14 · span 1087243–1087250
4Section 01, Pedro RiverosDEF 14A2026-04-240001308179-26-000347Section “Executive Compensation”. As printed: 804,679. Filing ↗machine: r13 · c14 · span 1093122–1093129
5Section 01, Carlos QuinonesDEF 14A2026-04-240001308179-26-000347Section “Executive Compensation”. As printed: 745,255. Filing ↗machine: r16 · c14 · span 1098548–1098555
6Section 01, Jon PuckettDEF 14A2026-04-240001308179-26-000347Section “Executive Compensation”. As printed: 419,112. Filing ↗machine: r5 · c14 · span 1077972–1077979
7Section 03, Jeff Glajch PSUDEF 14A2026-04-240001308179-26-000347Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1177816–1177823
8Section 03, Jeff Glajch RSUDEF 14A2026-04-240001308179-26-000347Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1180221–1180228
9Section 03, Sandra Niewiem RSUDEF 14A2026-04-240001308179-26-000347Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1194168–1194174
10Section 03, Sandra Niewiem PSUDEF 14A2026-04-240001308179-26-000347Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1190973–1190979
11Section 03, Corning Painter PSUDEF 14A2026-04-240001308179-26-000347Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1158234–1158241
12Section 03, Corning Painter RSUDEF 14A2026-04-240001308179-26-000347Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1160639–1160646
13Section 03, Jon Puckett RSUDEF 14A2026-04-240001308179-26-000347Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
14Section 03, Carlos Quinones PSUDEF 14A2026-04-240001308179-26-000347Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1215702–1215708
15Section 03, Carlos Quinones RSUDEF 14A2026-04-240001308179-26-000347Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1219799–1219805
16Section 03, Pedro Riveros RSUDEF 14A2026-04-240001308179-26-000347Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1204909–1204915
17Section 03, Pedro Riveros PSUDEF 14A2026-04-240001308179-26-000347Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1202506–1202512
18Section 07, pay ratioDEF 14A2026-04-240001308179-26-000347Section “CEO Pay Ratio”. As printed: 45 : 1. Filing ↗
19Section 08, Dan SmithDEF 14A2026-04-240001308179-26-000347Section “Director Compensation”. As printed: 372,500. Filing ↗machine: span 712389–712396
20Section 08, Paul HuckDEF 14A2026-04-240001308179-26-000347Section “Director Compensation”. As printed: 274,500. Filing ↗machine: span 709748–709755
21Section 08, Kerry GalvinDEF 14A2026-04-240001308179-26-000347Section “Director Compensation”. As printed: 272,500. Filing ↗machine: span 708355–708362
22Section 08, Mary LindseyDEF 14A2026-04-240001308179-26-000347Section “Director Compensation”. As printed: 252,500. Filing ↗machine: span 710414–710421
23Section 08, Didier MiratonDEF 14A2026-04-240001308179-26-000347Section “Director Compensation”. As printed: 249,500. Filing ↗machine: span 711071–711078
24Section 08, Yi Hyon PaikDEF 14A2026-04-240001308179-26-000347Section “Director Compensation”. As printed: 247,500. Filing ↗machine: span 711737–711744
25Section 08, Michel WurthDEF 14A2026-04-240001308179-26-000347Section “Director Compensation”. As printed: 247,500. Filing ↗machine: span 714070–714077
26Section 08, Jacqueline HoogerbruggeDEF 14A2026-04-240001308179-26-000347Section “Director Compensation”. As printed: 195,000. Filing ↗machine: span 709096–709103
27Section 08, Hans-Dietrich WinkhausDEF 14A2026-04-240001308179-26-000347Section “Director Compensation”. As printed: 57,500. Filing ↗machine: span 712816–712822
28Section 08, Corning PainterDEF 14A2026-04-240001308179-26-000347Section “Director Compensation”. As printed: 0. Filing ↗
29Section 06, 2026 voteForm 8-K2026-06-290001493152-26-031092Item 5.07 · say-on-pay result. As reported: 95.86% (votes for as printed: 41,016,614). Filing ↗
30Section 06, 2025 voteForm 8-K2025-06-260000950142-25-001679Item 5.07 · say-on-pay result. As reported: 93.52% (votes for as printed: 42,057,744). Filing ↗
31Section 06, 2024 voteForm 8-K2024-06-200000950142-24-001659Item 5.07 · say-on-pay result. As reported: 95.97% (votes for as printed: 45,336,357). Filing ↗
32Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
33Section 09b board cost (computed)ComputedcomputedCash 1,069,000 + equity 1,100,000 + all other 0 = 2,169,000, summed across the director compensation table rows.machine: formula: Σ = 2,169,000
34Cabot Corporation, Section 10b CEO totalDEF 14A2026-01-270001193125-26-023681CEO total compensation as printed in Cabot Corporation's own proxy. As printed: 9,307,883. Filing ↗machine: r3 · c39 · span 853934–853943
35Ashland, Inc., Section 10b CEO totalDEF 14A2025-12-090001193125-25-312753CEO total compensation as printed in Ashland, Inc.'s own proxy. As printed: 7,907,423. Filing ↗machine: t125 · r3 · c21 · span 2021429–2021438
36Orion (subject), Section 10b CEO totalDEF 14A2026-04-240001308179-26-000347CEO total compensation as printed in Orion's own proxy. As printed: 3,488,971. Filing ↗machine: r1 · c14 · span 1070480–1070489
37Section 10a, Cabot Corporation reciprocityDEF 14A0001193125-26-023681Cabot Corporation's most recent proxy was read; its disclosed peer group does not include Orion. Filing ↗