Innospec CEO Patrick Williams' 2021 pay jumps 33% to $9.9M
Innospec reports 2021 executive compensation
By ExecPay News
Published: March 18, 2022
Innospec reported fiscal year 2021 executive compensation information on March 18, 2022.
In 2021, five Innospec executives received on average a compensation package of $3.3M, a 24% increase compared to previous year.
Average pay of disclosed executives at Innospec
Patrick S. Williams, Chief Executive Officer, received $9.9M in total, which increased by 33% compared to 2020. 35% of Williams' compensation, or $3.5M, was in option awards. Williams also received $2.4M in non-equity incentive plan, $1.2M in salary, $2.7M in stock awards, as well as $98K in other compensation.
For fiscal year 2021, the median employee pay was $86,517 at Innospec. Therefore, the ratio of Patrick S. Williams' pay to the median employee pay was 114 to one.
Ian P. Cleminson, Chief Financial Officer, received a compensation package of $1.9M, which increased by 6% compared to previous year. 26% of the compensation package, or $489K, was in non-equity incentive plan.
Philip J. Boon, Chief Operating Officer, earned $1.8M in 2021, a 2% decrease compared to previous year.
David B. Jones, General Counsel, received $1.7M in 2021.
Ian M. McRobbie, Chief Technology Officer, earned $1.3M in 2021, a 20% increase compared to previous year.
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Source: SEC filing on March 18, 2022.