How Vanacker was paid
$15.6M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|
| Peter VanackerChief Executive Officer | $1,486,539 | $11,846,184 | $1,708,500 | $20,693 | $515,529 | $15,577,445 |
| Agustin IzquierdoExecutive Vice President and Chief Financial Officer | $606,731 | $1,750,032 | $484,825 | $17,902 | $83,716 | $2,943,206 |
| Kimberly FoleyExecutive Vice President Olefins & Polyolefins | $816,039 | $2,770,990 | $624,575 | $62,161 | $89,726 | $4,363,491 |
| Torkel RhenmanExecutive Vice President Advanced Polymer Solutions | $808,954 | $2,710,938 | $631,330 | $23,405 | $71,485 | $4,246,112 |
| Jeffrey KaplanExecutive Vice President General Counsel and Procurement | $783,044 | $2,548,795 | $593,630 | $34,608 | $105,472 | $4,065,549 |
| Michael McMurrayFormer Executive Vice President and Chief Financial Officer | $879,750 | $3,789,766 | $628,911 | $23,097 | $102,024 | $5,423,548 |
What changed and why
- $15.6MPeter Vanacker received total compensation of $15,577,445 for fiscal 2025, representing a decrease from $17,018,464 in 2024.
- Challenging market conditions negatively impacted EBITDA, resulting in annual bonuses paying slightly below target.
- 25%Performance share units for the 2023-2025 period earned 25% of target due to negative total shareholder return.
- No stock options were granted to named executive officers in 2025.
- The ratio of CEO to global median employee compensation was 141 to 1.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.