NewMarket reports 2018 executive compensation

CEO Thomas E. Gottwald receives $2.1M

NewMarket reported fiscal year 2018 executive compensation information on March 12, 2019.

In 2018, five NewMarket executives received on average a compensation package of $1,474,542, a 25% decrease compared to previous year.

Average pay of disclosed executives at NewMarket

Thomas E. Gottwald, Chief Executive Officer, received $2,102,180 in total, which decreased by 32% compared to 2017. 50.09% of Gottwald's compensation, or $1,053,000, was in salary. Gottwald also received $490,000 in non-equity incentive plan, $490,316 in stock awards, as well as $68,864 in other compensation.

For fiscal year 2018, the median employee pay was $95,606 at NewMarket. Therefore, the ratio of Thomas E. Gottwald's pay to the median employee pay was 22 to one.

M. Rudolph West, General Counsel, received a compensation package of $1,499,495, which decreased by 7% compared to previous year. 29.07% of the compensation package, or $435,895, was of change in pension value and nonqualified deferred compensation earnings.

Regina A. Harm, President of Afton Chemical Corporation, earned $1,360,587 in 2018.

Bruce R Hazelgrove, III, Chief Administrative Officer, received $1,229,546 in 2018, which decreases by 23% compared to 2017.

Brian D. Paliotti, Chief Financial Officer, earned $1,180,901 in 2018, a 10% decrease compared to previous year.