NewMarket CEO Thomas Gottwald's 2020 pay stays at $3.1M
NewMarket reports 2020 executive compensation
By ExecPay News
Published: March 11, 2021
NewMarket reported fiscal year 2020 executive compensation information on March 11, 2021.
In 2020, five NewMarket executives received on average a compensation package of $1.8M, a 1% decrease compared to previous year.
Average pay of disclosed executives at NewMarket
Thomas E. Gottwald, Chief Executive Officer, received $3.1M in total, which is about the same as previous year. 36% of Gottwald's compensation, or $1.1M, was of change in pension value and nonqualified deferred compensation earnings. Gottwald also received $550K in non-equity incentive plan, $1.1M in salary, $254K in stock awards, as well as $119K in other compensation.
For fiscal year 2020, the median employee pay was $171,885 at NewMarket. Therefore, the ratio of Thomas E. Gottwald's pay to the median employee pay was 18 to one.
Regina A. Harm, President of Afton Chemical Corporation, received a compensation package of $1.9M, which increased by 10% compared to previous year. 30% of the compensation package, or $557K, was in salary.
Bruce R Hazelgrove, III, Chief Administrative Officer, earned $1.6M in 2020, a 3% increase compared to previous year.
Brian D. Paliotti, Chief Financial Officer, received $1.3M in 2020, which increases by 5% compared to 2019.
M. Rudolph West, Vice President, Special Counsel, earned $1.1M in 2020, a 22% decrease compared to previous year.
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Source: SEC filing on March 11, 2021.