Eastman Chemical CEO Mark Costa's 2018 pay rises 10% to $16M
Eastman Chemical reports 2018 executive compensation
By ExecPay News
Published: March 22, 2019
Eastman Chemical reported fiscal year 2018 executive compensation information on March 22, 2019.
In 2018, six executives at Eastman Chemical received on average a compensation package of $6.1M, a 15% increase compared to previous year.
Average pay of disclosed executives at Eastman Chemical
Mark J. Costa, Chief Executive Officer, received $16M in total, which increased by 10% compared to 2017. 61% of Costa's compensation, or $9.6M, was in stock awards. Costa also received $186K of change in pension value and nonqualified deferred compensation earnings, $1.5M in non-equity incentive plan, $2.9M in option awards, $1.2M in salary, as well as $373K in other compensation.
For fiscal year 2018, the median employee pay was $89,284 at Eastman Chemical. Therefore, the ratio of Mark J. Costa's pay to the median employee pay was 178 to one.
Curtis E. Espeland, Chief Financial Officer, received a compensation package of $5.6M, which increased by 32% compared to previous year. 59% of the compensation package, or $3.3M, was in stock awards.
Lucian Boldea, Senior Vice President, Additives & Functional Products, earned $4.9M in 2018, a 81% increase compared to previous year.
Brad A. Lich, Executive Vice President and Chief Commercial Officer, received $4.4M in 2018, which increases by 7% compared to 2017.
David A. Golden, Secretary, earned $2.9M in 2018, a 12% increase compared to previous year.
Stephen G. Crawford, Senior Vice President, Chief Technology &Sustainability Officer, received $2.6M in 2018, which decreases by 25% compared to 2017.
Related executives
Mark Costa
Eastman Chemical
Chief Executive Officer
Curtis Espeland
Eastman Chemical
Chief Financial Officer
Brad Lich
Eastman Chemical
Executive Vice President and Chief Commercial Officer
Lucian Boldea
Eastman Chemical
Executive Vice President, Additives & Functional Products and Chemical Intermediates
David Golden
Eastman Chemical
Secretary
Stephen Crawford
Eastman Chemical
Executive Vice President, Chief Technology & Sustainability Officer
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Source: SEC filing on March 22, 2019.