Torkel Rhenman
EVP of Intermediates and Derivatives and Refining
Other
Executive compensation
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2025 | LyondellBasell Industries N.V. (LYB) | Executive Vice President Advanced Polymer Solutions | $808,954 | $4,246,112 |
| 2024 | LyondellBasell Industries N.V. (LYB) | Executive Vice President Advanced Polymer Solutions | $800,000 | $4,548,136 |
| 2023 | LyondellBasell Industries N.V. (LYB) | Executive Vice President Advanced Polymer Solutions | $798,275 | $4,430,295 |
| 2022 | LyondellBasell Industries N.V. (LYB) | Executive Vice President Advanced Polymer Solutions | $793,100 | $6,112,067 |
| 2021 | LyondellBasell Industries N.V. (LYB) | Executive Vice President Advanced Polymer Solutions | $787,503 | $4,616,156 |
| 2020 | LyondellBasell Industries N.V. (LYB) | Executive Vice President Advanced Polymer Solutions Mr. Vanacker assumed his position as CEO effective May 23, 2022. From January 1, 2022 to May 22, 2022, Mr. Lane served as Interim CEO and his base salary was 1,200.000. From May 23, 2022 to September 30, 2022, his base salary was 793,100. From October 1, 2022 to December 31, 2022, his base salary was 870,000. Represents a cash sign-on bonus paid in connection with the 2022 appointment of Mr. Vanacker. Stock awards granted to NEOs in 2020, 2021 and 2022 include RSUs and PSUs. The RSUs are granted under the LyondellBasell Industries Long Term Incentive Plan (the “LTIP”) and entitle the recipient to an equal number of shares of the Company’s stock when the RSUs vest on the third anniversary of the date of grant. RSUs receive cash dividend equivalents at the same time dividends are paid on the Company’s stock. Amounts included in the table are the aggregate grant date fair values of the awards calculated in accordance with ASC 718. The PSUs are also granted under the LTIP. The PSUs entitle the recipient to a number of shares of the Company’s common stock equal to the number of units, multiplied by an earned percentage that can range from 0 to 200% of the targeted number of units based on Company performance. The PSUs accrue dividend equivalents during the performance period in the form of additional units. See Note 15 to the Company’s Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2022 (the “2022 Annual Report”) for a discussion of the calculation of the fair value of the awards. There was no payout under the PSUs for the three-year performance periods ended December 31, 2020 and 2021. The PSUs for the three-year performance period ended December 31, 2022 paid out at 100%. Annual grants of RSUs and PSUs are made at the first regularly scheduled C&TD Committee meeting of the calendar year. The following is the aggregate grant date fair value of the PSUs granted in 2022 if we assumed the maximum amounts (200% of target) will be earned: Peter Vanacker - 9,873,449; Ken Lane - 2,720,259; Michael McMurray - 2,733,861; Jim Guilfoyle - 2,255,516; Jeffrey Kaplan - 1,968,357; Torkel Rhenman - 2,255,516. Stock options are also granted under the LTIP and annual awards are made at the first regularly scheduled C&TD Committee meeting of the calendar year. The stock options vest ratably over a three-year period beginning with the first anniversary of the date of grant and expire after ten years. The amounts shown are the fair values of the stock options on the date of grant, in accordance with ASC 718. The fair values of stock options were calculated using the Black-Scholes option-pricing model. We use the Black-Scholes formula to calculate an assumed value of the options for compensation expense purposes; because the formula uses assumptions, the fair values calculated are not necessarily indicative of the actual values of the stock options. The assumptions used for the 2022 annual grants were: a dividend yield of 4%; a risk-free interest rate of 1.913%; an expected life of 5.4 years; and stock price volatility of 39.05% See Note 15 to the Company’s Consolidated Financial Statements in the 2022 Annual Report for a discussion of the calculation of the fair value of the awards. | $794,077 | $3,484,125 |
| 2019 | LyondellBasell Industries N.V. (LYB) | Executive Vice President Global Intermediates & Derivatives and Refining | $340,385 | $2,765,353 |
Earnings-call appearances
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LyondellBasell Industries N.V. Q2 FY2026 Earnings Call2026-07-31
LyondellBasell Industries N.V. (LYB)
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LyondellBasell Industries N.V. Q1 FY2026 Earnings Call2026-05-01
LyondellBasell Industries N.V. (LYB)
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LyondellBasell Industries N.V. Q4 FY2025 Earnings Call2026-01-30
LyondellBasell Industries N.V. (LYB)
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LyondellBasell Industries N.V. Q3 FY2025 Earnings Call2025-10-31
LyondellBasell Industries N.V. (LYB)
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LyondellBasell Industries N.V. Q1 FY2025 Earnings Call2025-04-25
LyondellBasell Industries N.V. (LYB)
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LyondellBasell Industries N.V. Q4 FY2024 Earnings Call2025-01-31
LyondellBasell Industries N.V. (LYB)
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LyondellBasell Industries N.V. Q3 FY2024 Earnings Call2024-11-01
LyondellBasell Industries N.V. (LYB)
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LyondellBasell Industries N.V. Q2 FY2024 Earnings Call2024-08-02
LyondellBasell Industries N.V. (LYB)
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LyondellBasell Industries N.V. Q1 FY2024 Earnings Call2024-04-26
LyondellBasell Industries N.V. (LYB)
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LyondellBasell Industries N.V. Q4 FY2023 Earnings Call2024-02-02
LyondellBasell Industries N.V. (LYB)
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LyondellBasell Industries N.V. Q3 FY2023 Earnings Call2023-10-27
LyondellBasell Industries N.V. (LYB)
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LyondellBasell Industries N.V. Q2 FY2023 Earnings Call2023-08-04
LyondellBasell Industries N.V. (LYB)
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LyondellBasell Industries N.V. Q1 FY2023 Earnings Call2023-04-28
LyondellBasell Industries N.V. (LYB)
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LyondellBasell Industries N.V. Q4 FY2022 Earnings Call2023-02-03
LyondellBasell Industries N.V. (LYB)
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LyondellBasell Industries N.V. Q3 FY2022 Earnings Call2022-10-28
LyondellBasell Industries N.V. (LYB)
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LyondellBasell Industries N.V. Q2 FY2022 Earnings Call2022-07-29
LyondellBasell Industries N.V. (LYB)