NewMarket CEO Thomas Gottwald's 2021 pay falls 22% to $2.5M
NewMarket reports 2021 executive compensation
By ExecPay News
Published: March 11, 2022
NewMarket reported fiscal year 2021 executive compensation information on March 11, 2022.
In 2021, five NewMarket executives received on average a compensation package of $1.5M, a 15% decrease compared to previous year.
Average pay of disclosed executives at NewMarket
Thomas E. Gottwald, Chief Executive Officer, received $2.5M in total, which decreased by 22% compared to 2020. 46% of Gottwald's compensation, or $1.1M, was in salary. Gottwald also received $528K of change in pension value and nonqualified deferred compensation earnings, $500K in non-equity incentive plan, $258K in stock awards, as well as $58K in other compensation.
For fiscal year 2021, the median employee pay was $103,521 at NewMarket. Therefore, the ratio of Thomas E. Gottwald's pay to the median employee pay was 24 to one.
Regina A. Harm, President of Afton Chemical Corporation, received a compensation package of $1.7M, which decreased by 10% compared to previous year. 35% of the compensation package, or $579K, was in salary.
Bruce R Hazelgrove, III, Chief Administrative Officer, earned $1.3M in 2021, a 16% decrease compared to previous year.
Brian D. Paliotti, Chief Financial Officer, received $1.2M in 2021, which decreases by 10% compared to 2020.
Bryce D. Jewett, III, General Counsel, earned $956K in 2021.
Related executives
You may also like
Source: SEC filing on March 11, 2022.