Innospec CEO Patrick Williams' 2020 pay jumps 23% to $7.5M
Innospec reports 2020 executive compensation
By ExecPay News
Published: March 19, 2021
Innospec reported fiscal year 2020 executive compensation information on March 19, 2021.
In 2020, five Innospec executives received on average a compensation package of $2.7M, a 28% increase compared to previous year.
Average pay of disclosed executives at Innospec
Patrick S. Williams, Chief Executive Officer, received $7.5M in total, which increased by 23% compared to 2019. 34% of Williams' compensation, or $2.5M, was in non-equity incentive plan. Williams also received $500K in bonus, $849K in option awards, $1.2M in salary, $2.2M in stock awards, as well as $159K in other compensation.
For fiscal year 2020, the median employee pay was $75,014 at Innospec. Therefore, the ratio of Patrick S. Williams' pay to the median employee pay was 99 to one.
Philip J. Boon, Chief Operating Officer, received a compensation package of $1.8M, which increased by 50% compared to previous year. 45% of the compensation package, or $810K, was in non-equity incentive plan.
Ian P. Cleminson, Chief Financial Officer, earned $1.7M in 2020, a 48% increase compared to previous year.
Brian R. Watt, Senior Vice President, Corporate Development and Investor Relations, received $1.2M in 2020, which increases by 30% compared to 2019.
Ian M. McRobbie, Chief Technology Officer, earned $1.1M in 2020, a 11% increase compared to previous year.
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Source: SEC filing on March 19, 2021.