Torkel Rhenman
Personal wealth note: Equibles reports source-backed professional activity and disclosed compensation; it does not estimate personal net worth.
About Torkel Rhenman
LyondellBasell Industries N.V. reported in an 8-K filed September 27, 2022 that Torkel Rhenman was appointed Executive Vice President, Advanced Polymer Solutions, effective October 1, 2022. The proxy statement of LyondellBasell Industries N.V. reports total compensation of $4,246,112 for Torkel Rhenman in fiscal 2025, including a base salary of $808,954. Disclosed compensation is on record for 7 fiscal years. Torkel Rhenman has spoken on 4 earnings calls across 1 company, most recently for LyondellBasell Industries N.V. on July 31, 2026.
“Torkel Rhenman: Executive Vice President, Advanced Polymer Solutions; and”
Summary generated from SEC filings and earnings-call records held by Equibles.
Affiliation history
Recorded current and former roles; source labels appear when available.
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LyondellBasell Industries N.V. (LYB)
Source not stated
Current
Company network
Recorded roles and call appearances connecting this person to public companies.
Leadership on record at LyondellBasell Industries N.V.
Other people whose current roles at this company are on record from its filings.
- Thomas Aebischer CFO
- Jeffrey Kaplan General Counsel
- Matthew D. Hayes Chief Accounting Officer
- Anthony Chase Board Member
- Peter E.V. Vanacker Board Member
- Robert Dudley Board Member
- To fulfill those duties Board Member
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 |
Recent activity
Earnings-call and investor-event appearances, plus filed executive appointments or departures, newest first.