Executive Vice President Advanced Polymer Solutions · LyondellBasell Industries N.V. (LYB)

Torkel Rhenman

A named executive officer of LyondellBasell Industries in every fiscal year CompBrief holds from FY2022 to FY2025. Every figure below is printed as the company filed it and cited to the filing it came from.

Total disclosed compensation, FY2025

$4,246,112

FY2024: $4,548,136

Compensation figures as of the proxy filed April 10, 2026 (DEF 14A).

Torkel Rhenman compensation by year

LyondellBasell Industries Summary Compensation Table · all 4 fiscal years held
In US dollars, as LyondellBasell Industries reports it. Most recent year shaded. Totals are the company’s disclosed totals.
ComponentFY2022FY2023FY2024FY2025
Salary$793,100$798,275$800,000$808,954
Bonus$0$0$0$0
Stock awards$1,691,684$2,024,259$2,837,771$2,710,938
Option awards$594,846$600,685$0$0
Non-equity incentive$2,923,912$894,900$804,000$631,330
Pension and deferred compensation$13,734$20,740$21,763$23,405
All other$94,791$91,436$84,602$71,485
Total$6,112,067$4,430,295$4,548,136$4,246,112

Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: LyondellBasell Industries N.V. DEF 14A filed April 10, 2026, accession 0001308179-26-000250, and prior-year filings. Open the filing on EDGAR.

$6.1M
$4.4M
$4.5M
$4.2M
FY22
FY23
FY24
FY25
SalaryNon-equity incentiveStock awardsOption awardsAll other

Equity holdings

unvested awards at FY2025 year-end
TypeUnvested unitsValue at year-endExercise price
PSU35,272$1,527,278—
RSU26,401$1,143,163—
Option8,051—$94.65

Per the Outstanding Equity Awards at Fiscal Year-End table in LyondellBasell Industries N.V.'s FY2025 proxy; value at the fiscal year-end close, as the company printed it.

Change-in-control & termination

estimated payments LyondellBasell Industries discloses, by trigger · FY2025
TriggerCash severanceAccelerated equityBenefits continuationTotal as disclosed
Change in control and resignation for good reason$3,248,000$2,428,739$0$5,676,739
Involuntary termination without cause$1,624,000$2,111,350$0$3,735,350
Resignation for good reason, no change in control$1,624,000$0$0$1,624,000
Death$0$2,428,739$0$2,428,739
Change in control and involuntary termination$3,248,000$2,428,739$0$5,676,739
Disability$0$2,428,739$0$2,428,739

Per the Potential Payments Upon Termination or Change in Control table in LyondellBasell Industries N.V.'s FY2025 proxy. Estimates as the company printed them; a dash means it printed no figure.

LyondellBasell Industries’s named executive officers, FY2025

as the company reported each
Named executive officerRoleFY2025 total
Peter VanackerChief Executive Officer$15,577,445
Michael McMurrayFormer Executive Vice President and Chief Financial Officer$5,423,548
Kimberly FoleyExecutive Vice President Olefins & Polyolefins$4,363,491
Torkel Rhenman · this pageExecutive Vice President Advanced Polymer Solutions$4,246,112
Jeffrey KaplanExecutive Vice President General Counsel and Procurement$4,065,549
Agustin IzquierdoExecutive Vice President and Chief Financial Officer$2,943,206

The full LyondellBasell Industries compensation record

free company brief

This page is one person within LyondellBasell Industries's record. The company brief lists every named executive, each linking to their own page.

Compensation, the day it’s disclosed

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How this record is built

Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are LyondellBasell Industries's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.

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