NewMarket CEO Thomas Gottwald's 2019 pay jumps 50% to $3.2M
NewMarket reports 2019 executive compensation
By ExecPay News
Published: March 10, 2020
NewMarket reported fiscal year 2019 executive compensation information on March 10, 2020.
In 2019, five NewMarket executives received on average a compensation package of $1.8M, a 22% increase compared to previous year.
Average pay of disclosed executives at NewMarket
Thomas E. Gottwald, Chief Executive Officer, received $3.2M in total, which increased by 50% compared to 2018. 37% of Gottwald's compensation, or $1.2M, was of change in pension value and nonqualified deferred compensation earnings. Gottwald also received $575K in non-equity incentive plan, $1.1M in salary, $276K in stock awards, as well as $74K in other compensation.
For fiscal year 2019, the median employee pay was $146,806 at NewMarket. Therefore, the ratio of Thomas E. Gottwald's pay to the median employee pay was 22 to one.
Regina A. Harm, President of Afton Chemical Corporation, received a compensation package of $1.7M, which increased by 25% compared to previous year. 31% of the compensation package, or $534K, was in salary.
Bruce R Hazelgrove, III, Chief Administrative Officer, earned $1.5M in 2019, a 24% increase compared to previous year.
M. Rudolph West, General Counsel, received $1.4M in 2019, which decreases by 8% compared to 2018.
Brian D. Paliotti, Chief Financial Officer, earned $1.2M in 2019, a 6% increase compared to previous year.
Related executives
You may also like
Source: SEC filing on March 10, 2020.