Eastman Chemical CEO Mark Costa's 2021 pay jumps 31% to $18M
Eastman Chemical reports 2021 executive compensation
By ExecPay News
Published: March 23, 2022
Eastman Chemical reported fiscal year 2021 executive compensation information on March 23, 2022.
In 2021, five executives at Eastman Chemical received on average a compensation package of $7.9M, a 56% increase compared to previous year.
Average pay of disclosed executives at Eastman Chemical
Mark J. Costa, Chief Executive Officer, received $18M in total, which increased by 31% compared to 2020. 55% of Costa's compensation, or $9.8M, was in stock awards. Costa also received $172K of change in pension value and nonqualified deferred compensation earnings, $3.5M in non-equity incentive plan, $2.6M in option awards, $1.3M in salary, as well as $466K in other compensation.
For fiscal year 2021, the median employee pay was $92,880 at Eastman Chemical. Therefore, the ratio of Mark J. Costa's pay to the median employee pay was 192 to one.
Brad A. Lich, Executive Vice President and Chief Commercial Officer, received a compensation package of $7.3M, which increased by 67% compared to previous year. 61% of the compensation package, or $4.5M, was in stock awards.
William T. McLain, Jr, Chief Financial Officer, earned $5.2M in 2021, a 63% increase compared to previous year.
Lucian Boldea, Executive Vice President, Additives & Functional Products and Chemical Intermediates, received $5M in 2021, which increases by 29% compared to 2020.
Stephen G. Crawford, Executive Vice President, Chief Technology & Sustainability Officer, earned $4.1M in 2021, a 42% increase compared to previous year.
Related executives
Mark Costa
Eastman Chemical
Chief Executive Officer
William McLain
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 23, 2022.