Westlake Chemical CEO Albert Chao's 2018 pay rises 6% to $9M
Westlake Chemical reports 2018 executive compensation
By ExecPay News
Published: April 5, 2019
Westlake Chemical reported fiscal year 2018 executive compensation information on April 5, 2019.
In 2018, five executives at Westlake Chemical received on average a compensation package of $5.3M, a 35% increase compared to previous year.
Average pay of disclosed executives at Westlake Chemical
Albert Chao, Chief Executive Officer, received $9M in total, which increased by 6% compared to 2017. 58% of Chao's compensation, or $5.3M, was in non-equity incentive plan. Chao also received $1.3M in option awards, $1.1M in salary, $1.3M in stock awards, as well as $83K in other compensation.
For fiscal year 2018, the median employee pay was $87,852 at Westlake Chemical. Therefore, the ratio of Albert Chao's pay to the median employee pay was 103 to one.
James Chao, Chairman, received a compensation package of $6.7M, which increased by 6% compared to previous year. 56% of the compensation package, or $3.8M, was in non-equity incentive plan.
Roger L. Kearns, Executive Vice President,, earned $5.2M in 2018.
M. Steven Bender, Chief Financial Officer, received $3.1M in 2018, which increases by 10% compared to 2017.
Vinyls Chemicals Robert F. Buesinger, Executive Vice President, Vinyl Products, earned $2.4M in 2018, a 22% increase compared to previous year.
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Source: SEC filing on April 5, 2019.