NewMarket CEO Thomas Gottwald's 2018 pay falls 32% to $2.1M
NewMarket reports 2018 executive compensation
By ExecPay News
Published: March 12, 2019
NewMarket reported fiscal year 2018 executive compensation information on March 12, 2019.
In 2018, five NewMarket executives received on average a compensation package of $1.5M, a 25% decrease compared to previous year.
Average pay of disclosed executives at NewMarket
Thomas E. Gottwald, Chief Executive Officer, received $2.1M in total, which decreased by 32% compared to 2017. 50% of Gottwald's compensation, or $1.1M, was in salary. Gottwald also received $490K in non-equity incentive plan, $490K in stock awards, as well as $69K 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 $1.5M, which decreased by 7% compared to previous year. 29% of the compensation package, or $436K, was of change in pension value and nonqualified deferred compensation earnings.
Regina A. Harm, President of Afton Chemical Corporation, earned $1.4M in 2018.
Bruce R Hazelgrove, III, Chief Administrative Officer, received $1.2M in 2018, which decreases by 23% compared to 2017.
Brian D. Paliotti, Chief Financial Officer, earned $1.2M in 2018, a 10% decrease compared to previous year.
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Source: SEC filing on March 12, 2019.