Eastman Chemical CEO Mark Costa's 2019 pay slips 9% to $15M
Eastman Chemical reports 2019 executive compensation
By ExecPay News
Published: March 25, 2020
Eastman Chemical reported fiscal year 2019 executive compensation information on March 25, 2020.
In 2019, five executives at Eastman Chemical received on average a compensation package of $6M, a 1% decrease compared to previous year.
Average pay of disclosed executives at Eastman Chemical
Mark J. Costa, Chief Executive Officer, received $15M in total, which decreased by 9% compared to 2018. 64% of Costa's compensation, or $9.2M, was in stock awards. Costa also received $560K of change in pension value and nonqualified deferred compensation earnings, $377K in non-equity incentive plan, $2.7M in option awards, $1.3M in salary, as well as $368K in other compensation.
For fiscal year 2019, the median employee pay was $81,638 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 $4.5M, which decreased by 19% compared to previous year. 52% of the compensation package, or $2.4M, was in stock awards.
Brad A. Lich, Executive Vice President and Chief Commercial Officer, earned $4.3M in 2019, a 3% decrease compared to previous year.
Lucian Boldea, Executive Vice President, Additives & Functional Products and Chemical Intermediates, received $4M in 2019, which decreases by 20% compared to 2018.
Stephen G. Crawford, Senior Vice President, Chief Technology &Sustainability Officer, earned $2.8M in 2019, a 4% increase compared to previous year.
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
Stephen Crawford
Eastman Chemical
Executive Vice President, Chief Technology & Sustainability Officer
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Source: SEC filing on March 25, 2020.