Eastman Chemical CEO Mark Costa's 2020 pay slips 7% to $14M
Eastman Chemical reports 2020 executive compensation
By ExecPay News
Published: March 25, 2021
Eastman Chemical reported fiscal year 2020 executive compensation information on March 25, 2021.
In 2020, seven executives at Eastman Chemical received on average a compensation package of $5.1M, a 16% decrease compared to previous year.
Average pay of disclosed executives at Eastman Chemical
Mark J. Costa, Chief Executive Officer, received $14M in total, which decreased by 7% compared to 2019. 59% of Costa's compensation, or $8M, was in stock awards. Costa also received $538K of change in pension value and nonqualified deferred compensation earnings, $2M in non-equity incentive plan, $1.5M in option awards, $1.3M in salary, as well as $267K in other compensation.
For fiscal year 2020, the median employee pay was $82,567 at Eastman Chemical. Therefore, the ratio of Mark J. Costa's pay to the median employee pay was 164 to one.
Brad A. Lich, Executive Vice President and Chief Commercial Officer, received a compensation package of $4.4M, which increased by 2% compared to previous year. 46% of the compensation package, or $2M, was in stock awards.
Kellye L. Walker, Chief Legal Officer, earned $4.1M in 2020.
Lucian Boldea, Executive Vice President, Additives & Functional Products and Chemical Intermediates, received $3.9M in 2020, which decreases by 3% compared to 2019.
Curtis E. Espeland, Chief Financial Officer, earned $3.5M in 2020, a 24% decrease compared to previous year.
William T. McLain, Jr, Chief Financial Officer, received $3.2M in 2020.
Stephen G. Crawford, Executive Vice President, Chief Technology & Sustainability Officer, earned $2.9M in 2020, 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
William McLain
Eastman Chemical
Chief Financial Officer
Kellye Walker
Eastman Chemical
Chief Legal Officer
Stephen Crawford
Eastman Chemical
Executive Vice President, Chief Technology & Sustainability Officer
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Source: SEC filing on March 25, 2021.