Huntsman CORP DEF 14A, filed Mar 17, 2025

About this DEF 14A

Huntsman CORP (HUN)

DEF 14A 2025-03-17 For: 2025-04-30

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Added on June 12, 2026

Board Recommendation

1.

Election of 10 nominees to serve as directors until the 2026 Annual Meeting of Stockholders or her/his earlier resignation, removal or death

FOR ALL nominees

2.

Advisory vote to approve named executive officer compensation

3.

Ratification of appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the year ending December 31, 2025

4.

Approval of the 2025 Stock Incentive Plan

Huntsman CORP filed this DEF 14A on March 17, 2025.

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	Page
HUNTSMAN PROXY STATEMENT SUMMARY		1
PART 1—INFORMATION ABOUT THE MEETING		6
General		6
Questions and Answers About the Annual Meeting and Voting		7
PART 2—BOARD OF DIRECTORS		12
Director Nominees		12
Director Compensation		22
PART 3—CORPORATE GOVERNANCE		24
Corporate Governance Highlights		24
Board Governance		25
Board Leadership Structure and Executive Sessions of the Board		25
Board Independence		26
Committees of the Board		28
Board’s Role in Risk Oversight		31
Corporate Responsibility		31
Director Attendance at the Annual Meeting of Stockholders		32
Director Qualification Standards and Diversity		32
Director Nomination Process		32
Stockholder Communications Policy		33
Corporate Governance Guidelines		33
Financial Code of Ethics and Business Conduct Guidelines		34
PART 4—COMPENSATION DISCUSSION AND ANALYSIS		35
Executive Summary		36
Compensation Program Highlights		37
Objectives of Huntsman’s Executive Compensation Program		39
Elements of Huntsman’s Executive Compensation Program		40
2024 Executive Compensation Decisions		42
How We Determine Executive Compensation		47
Compensation Policies and Practices		49
Accounting and Tax Treatment of the Elements of Compensation		50
Compensation Committee Report		50
PART 5—EXECUTIVE COMPENSATION		51
2024 Summary Compensation Table		51
Grants of Plan-Based Awards in 2024		53
Narrative Disclosure to Summary Compensation Table and Grants of Plan-Based Awards Table		54
Outstanding Equity Awards at 2024 Fiscal Year-End		55
Option Exercises and Stock Vested During 2024		56
Pension Benefits in 2024		58
Nonqualified Deferred Compensation in 2024		60
Potential Payments upon Termination or Change of Control		62
Equity Compensation Plan Information		65
Compensation Committee Interlocks and Insider Participation		65
CEO Pay Ratio		65
Pay versus Performance		67
PART 6—AUDIT COMMITTEE MATTERS		71
Fees Billed by Deloitte & Touche LLP and Affiliates		71
Audit Committee Pre-Approval Policies and Procedures		71
Audit Committee Report		72
PART 7—PROPOSALS TO BE VOTED ON AT THE MEETING		73
Proposal 1—Election of Directors		73
Proposal 2—Non-Binding Advisory Vote to Approve the Compensation of Our Named Executive Officers		74
Proposal 3—Ratification of the Appointment of Our Independent Registered Public Accounting Firm		75
Proposal 4—Approval of the 2025 Stock Incentive Plan		76
Stockholder Proposals and Director Nominations for the 2026 Annual Meeting		83
PART 8—ADDITIONAL INFORMATION		84
Security Ownership of Certain Beneficial Owners and Management		84
Certain Relationships and Related Transactions		86
Delinquent Section 16(a) Reports		86
Other Information		87
APPENDIX A—RECONCILIATION OF NON-GAAP FINANCIAL MEASURES		A-1
APPENDIX B—HUNTSMAN CORPORATION 2025 STOCK INCENTIVE PLAN		B-1

	Date and Time				Virtual Meeting Site
	8:00 a.m. Central Time, on April 30, 2025				www.virtualshareholdermeeting.com/HUN2025

	Record Date				Common Stock Outstanding as of the Record Date
	March 7, 2025				173,747,479

	AN INDEPENDENT AND BROADLY-DIVERSE BOARD OF DIRECTORS
	All members of our Board are independent except our CEO
	Five of our 10 director nominees are women (50% gender diversity), two add ethnic diversity, and one, as a retired Vice Admiral of the U.S. Navy, adds diversity as a veteran
	Six new independent directors (including three women) added to the Board since 2020; regular review of composition of board and potential director candidates ongoing
	All Board committees are chaired by women and the Board’s Lead Independent Director and Non-Executive Vice Chair is female

				Sincerely,

				PETER R. HUNTSMAN Chairman of the Board, President and Chief Executive Officer

	HUNTSMAN CORPORATION NOTICE OF 2025 ANNUAL MEETING OF STOCKHOLDERS
	Wednesday, April 30, 2025, 8:00 a.m. Central Time Virtual Meeting Site: www.virtualshareholdermeeting.com/HUN2025

	WE ASK THAT YOU VOTE “FOR ALL” OF OUR DIRECTOR NOMINEES
	The following table provides summary information about each of the Board’s director nominees. Please see “Proposal 1—Director Nominees.” Please also read our “Part 2—Board of Directors” section beginning on page 12 for more information regarding our director nominees. We ask you to vote “FOR ALL” of our director nominees using the enclosed proxy card.

	ACCOUNTABILITY TO STOCKHOLDERS
	Majority voting for director nominees in all uncontested elections
	Simple majority stockholder voting requirements
	Stockholders may request special meetings of stockholders at the ownership threshold of 15%
	Eligible stockholders may nominate director nominees through our proxy materials (proxy access)
	Robust stock ownership guidelines for directors and executive officers
	Policy prohibiting short sales by directors and executive officers
	Policies enhancing transparency in political giving and lobbying activities
	PRUDENT AND PROGRESSIVE RISK OVERSIGHT
	Board and committee-focused oversight of safety across all Huntsman sites through the Company’s “Zero Harm” initiative to create a caring and engaged culture as a value to drive safe operation with the courage to continuously progress our culture, protecting our people, plant and processes from harm
	Board and committee-focused oversight of operational, environmental, health and safety, financial, strategic, competitive, reputational, cybersecurity, legal and regulatory risks

	WE ASK THAT YOU VOTE TO APPROVE OUR SAY-ON-PAY PROPOSAL
	At the Annual Meeting, our stockholders will again have an opportunity to cast an advisory say-on-pay vote on the compensation paid to our named executive officers (“NEOs”). We ask you to vote “FOR” to approve our NEO compensation using the enclosed proxy card. Please see “Proposal 2—Advisory Vote to Approve Named Executive Officer Compensation.” Please also read our “Compensation Discussion and Analysis” beginning on page 35 for more information regarding our executive compensation program in 2024.

	COMPANY PERFORMANCE HIGHLIGHTS				COMPENSATION STRUCTURE AND DECISIONS
	In 2024, our Company continued to experience weak global markets in the chemical industry. Within this environment, we delivered a solid performance on key financial, strategic, and environmental, health and safety initiatives. Points of emphasis include: • Return to Shareholders: Modestly increased the quarterly dividend by 5%, representing the fourth consecutive annual increase in the dividend • Safety Performance: Outperformed our target metrics in personal safety and process safety • Financial: Improved overall volumes by approximately 6%; delivered on cost savings programs that more than offset inflation, while also delivering $414 million of adjusted EBITDA(1) and $101 million in free cash flow(2); reduced our working capital cash conversion cycle and managed capital expenditures prudently given the economic environment; maintained investment grade credit ratings with Moody’s, S&P and Fitch; successfully issued $350 million of senior notes with a 5.70% coupon rate; and returned approximately $174 million to stockholders through dividends • Strategic: Continued our focus on portfolio enhancement by completing the sale of small, non-core assets; completed the separation and acquisition of an MDI and HCL recycle facility from our Shanghai Lianhang Isocyanate Company joint venture in China; expanded our global business services centers (GBS) in Southeast Asia, Latin America and Eastern Europe, with approximately 600 associates working at these sites at the end of 2024 • Sustainability: Published our 2023 sustainability report which includes limited assurance regarding our greenhouse gas emissions and water usage • Planet and People: Continued to invest in and contribute to our communities globally, including by donating to and volunteering at local food banks and awarding university and trade school scholarships to area high school students				The primary objective of our executive compensation program is to align the financial interests of our NEOs with the creation of long-term stockholder value. Key features of the program include: • Annual and long-term incentive plans designed to align executives’ pay with Company and share price performance • Robust compensation benchmarking against a peer group of companies we compete against for talent • Comprehensive policies and practices intended to create a sound compensation governance process and support well-informed decision-making During 2024, the Compensation Committee, with the assistance of Meridian, its independent compensation consultant, focused on balancing long-term and short-term compensation in line with our pay-for-performance philosophy and taking into account energy volatility and a challenging global economic environment and the impacts of these factors on the chemical industry. Key decisions included: • Reaffirmed the approach for determining our CEO’s target compensation and mix to place a significant amount of pay at risk based on Company and share price performance. For our CEO this resulted in the following actions: • Maintained his base salary at the same level as the prior year • Placed a significant portion of our CEO’s total compensation “at risk” with the target value of his cash performance award and his long-term stock incentives amounting to 90% of his total direct compensation • Exercised discretion to reduce the payout of the 2024 annual cash performance awards for our CEO and other executive officers to zero, because the Company did not attain threshold goals of adjusted EBITDA and free cash flow. The Compensation Committee exercised its discretion to eliminate this payment, notwithstanding the positive performance in strategic and operational initiatives and the delivery of positive free cash flow • Approved the results of the 2022-2024 PSU awards at 65.9% of target, aligning the payout with our TSR performance relative to peers

Proposal	Vote Required	Broker Discretionary Vote Allowed
(1) Election of 10 director nominees	Majority of votes cast	No
(2) A non-binding advisory vote to approve the compensation of our NEOs	Majority of shares present (in person or represented by proxy) and entitled to vote on the matter	No
(3) Ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the year ending December 31, 2025	Majority of shares present (in person or represented by proxy) and entitled to vote on the matter	Yes
(4) Approval of the 2025 Stock Incentive Plan	Majority of shares present (in person or represented by proxy) and entitled to vote on the matter	No

Name(1)	Fees Earned or Paid in Cash ($)(2)			Stock Awards ($)(3)			All Other Compensation ($)(4)			Total ($)
Mary C. Beckerle		$	145,000		$	165,000		$	10,000		$	320,000

Sonia Dulá		$	195,000		$	165,000		$	—		$	360,000

Cynthia L. Egan		$	215,000		$	165,000		$	10,000		$	390,000

Curtis Espeland		$	155,000		$	165,000			—		$	320,000

Daniele Ferrari		$	145,000		$	165,000		$	—		$	310,000

Jeanne McGovern		$	195,000		$	165,000		$	2,500		$	362,500

José Muñoz		$	145,000		$	165,000			—		$	310,000

David Sewell		$	155,000		$	165,000			—		$	320,000

Jan E. Tighe		$	175,000		$	165,000		$	—		$	340,000

Director	Annual Retainer			Audit Committee(a)			Compensation Committee(a)			Nominating & Corporate Governance Committee(a)			Sustainability Committee(a)			Lead Independent Director
Mary C. Beckerle		$	125,000			—			—		$	10,000		$	10,000			—

Sonia Dulá		$	125,000		$	20,000		$	50,000			—			—			—

Cynthia L. Egan		$	125,000			—			—		$	30,000			—		$	60,000

Curtis Espeland		$	125,000		$	20,000		$	10,000			—			—			—

Daniele Ferrari		$	125,000			—			—		$	10,000		$	10,000			—

Jeanne McGovern		$	125,000		$	60,000			—		$	10,000			—			—

José Muñoz		$	125,000			—		$	10,000			—		$	10,000			—

David Sewell		$	125,000		$	20,000			—			—		$	10,000			—

Jan E. Tighe		$	125,000		$	20,000			—			—		$	30,000			—

	• Sole responsibility for the appointment, retention and termination of our independent registered public accounting firm
	• Oversees the work and compensation of our independent registered public accounting firm
	• Monitors our independent registered public accounting firm’s qualifications and independence
	• Monitors the integrity of our financial statements
	• Monitors the performance of our internal audit function and independent registered public accounting firm
	• Monitors our corporate compliance program (other than environmental, health and safety compliance)
	• Monitors our compliance with legal and regulatory requirements applicable to financial and disclosure matters
	• Monitors our enterprise-wide and financial risk exposures
	• Oversees management of risks arising from our business, information and operational technology, digital and data strategies, technology-related business continuity and disaster recovery programs, and cybersecurity program

	• Supports the Board in fulfilling its oversight responsibilities relating to senior management and director compensation
	• Reviews, evaluates and approves our compensation programs for our senior management and directors, policies and plans including annual cash performance awards, equity-based compensation and compensation agreements*
	• Reviews and approves compensation for our corporate and executive officers, and reviews and recommends compensation for our directors*
	• Executes responsibilities under applicable securities laws and regulations relating to our proxy statement for the annual meeting of stockholders or other applicable report or filing
	• Reviews the succession and development planning process for corporate officers
	• Reviews human capital management matters
	• Performs such other functions as the Board may assign from time to time

	• Ensures that our corporate governance system enables appropriate oversight mechanism
	• Reviews and assesses the adequacy of our Corporate Governance Guidelines annually
	• Reviews and monitors director independence
	• Manages the Board’s annual director evaluation process
	• Assesses the appropriate balance of skills, characteristics and perspectives required for an effective Board
	• Identifies, screens and recommends qualified director candidates
	• Regularly reassesses the adequacy of the Board’s size
	• Oversees succession planning for our CEO

	• Oversees the development of key sustainability policies and metrics, and the implementation of sustainability initiatives
	• Monitors the impact of our business operations with respect to matters related to sustainability
	• Reviews, advises and, where appropriate, makes recommendations regarding investor initiatives pertaining to sustainability and other related matters
	• Identifies, evaluates and monitors the sustainability trends, issues and associated risks
	• Reviews and reports to the Board regarding our reports on sustainability
	• Reviews the status of our environmental health and safety performance and systems
	• Oversees our regulatory and environmental, health and safety related compliance matters and product stewardship programs
	• Reviews current and emerging environmental, health and safety related trends
	• Reviews and monitors key public policy trends, issues, and regulatory matters that may affect our business, strategies, and operations.

	WE ASK THAT YOU VOTE TO APPROVE OUR SAY-ON-PAY PROPOSAL
	At our 2025 Annual Meeting, our stockholders will again have the opportunity to cast an advisory say-on-pay vote on the compensation paid to our NEOs. We ask that you vote to approve executive officer compensation. Please see “Proposal 2—Advisory Vote to Approve Named Executive Officer Compensation.” In accordance with the preference expressed by our stockholders at the 2023 annual meeting, we will continue to hold these advisory votes on executive compensation annually.

	Name			Title
	Peter R. Huntsman			Chairman of the Board, President and Chief Executive Officer, also referred to as our “CEO”

	Philip M. Lister			Executive Vice President and Chief Financial Officer

	Anthony P. Hankins			Division President, Polyurethanes and CEO—Asia Pacific

	David M. Stryker			Executive Vice President, General Counsel and Secretary

	R. Wade Rogers			Senior Vice President, Global Human Resources and Chief Compliance Officer

	CEO Earned or Accrued Pay			Summary Compensation Table Amount
Actual Base Salary Paid		$	1,300,000		$	1,300,000
Actual Non-Equity Incentive Plan Paid(1)			—			—
2024 Stock Award Grant		$	9,880,000		$	11,398,545
Change in Pension Value and Nonqualified Deferred Compensation Earnings		$	1,646,469		$	1,646,469
All Other Compensation		$	221,103		$	221,103
Total		$	13,047,572		$	14,566,117

Compensation Element		Description and Purpose of the Element
Annual Cash Compensation	Base Salary	Reflective of the NEO’s responsibilities, tenure, job performance, special circumstances (such as international assignments) and the market for the NEO’s services.
Annual Cash Compensation	Annual Cash Performance Award	Cash performance awards are earned based on Company performance measured over our fiscal year against preset goals and strategic initiatives. For 2024, 100% of our annual cash performance awards were linked to the achievement of preset adjusted EBITDA, pre-determined strategic and operational metrics, and free cash flow targets.
Long-Term Equity-Based Compensation	Performance Share Units	Performance share unit awards are earned based on Company performance measured over three fiscal years against preset goals related to relative TSR. For 2024, performance share unit awards represented 60% of equity-based compensation for each of our NEOs.
Long-Term Equity-Based Compensation	Restricted Stock	Restricted stock awards are ratably earned over a three-year service period, with the realizable value tied to the value of our common stock at the time of vesting. Three-year ratable vesting provides both retentive value as well as a long-term focus. For 2024, restricted stock awards represented 40% of equity-based compensation for each of our NEOs.

Executive Officer	2023(1)			2024(1)			% Increase
Peter R. Huntsman		$	1,300,000		$	1,300,000		n/a

Philip M. Lister		$	650,000		$	715,000		10%

Anthony P. Hankins		$	1,072,900		$	1,105,087		3%

David M. Stryker		$	655,000		$	674,650		3%

R. Wade Rogers		$	536,500		$	552,595		3%

Performance Measure	What It Is	Why We Believe It Is Important
Adjusted EBITDA	An indicator of general economic performance that is not affected by debt restructurings, fluctuations in interest rates or effective tax rates, or levels of depreciation and amortization	Significant measure by which our stockholders measure our financial performance, thus aligning the interests of management with those of our long-term stockholders
Free cash flow	Operating cash from continuing operations less capital expenditures from continuing operations	Important measure of the financial performance of our Company with a significant impact on our strategic planning, liquidity and the ability to reduce our leverage through cash repayments on outstanding debt
Strategic and Operational Initiatives	An array of quantitative and qualitative metrics on which the Compensation Committee and the Board can evaluate the performance of management and determine an appropriate reward	Near-term measures focusing management on specific value creation initiatives such as M&A, site consolidation and/or closures, divisional rightsizing, expanding regional GBS centers, strategic vendor management, commercial excellence programs and supply chain optimization. Also, measures achievement of environmental performance and injury reduction objectives

Performance Measure	Threshold			Target			Maximum
Adjusted EBITDA		$	475		$	515		$	592

Free cash flow		$	170		$	195		$	225

Strategic and Operational Initiatives	0%			100%			250%

Performance Criteria	2024 Performance Target		2024 Performance		% Better than Target
ASTM 2920 Level 1 injury rate		0.15		0.1293		7.3%

Process severity index		0.16		0.1247		7.5%

Performance Criteria	Weighting		2024 Target Performance			2024 Actual Performance			% of Target		Performance Score
Adjusted EBITDA		40%		$	515		$	414		0%		0%

Free cash flow		40%		$	195		$	101		0%		0%

Strategic & Operational		20%	100%			100%				100%		20%

Overall Performance Score (% of Target Award Achieved)												20%

Overall Performance Score (% of Target Award Approved)												0%

Executive Officer	Target Award Amounts			% of Target Award Approved		Approved Amount of Cash Performance Award
Peter R. Huntsman		$	1,820,000		0%		$	0

Philip M. Lister		$	572,000		0%		$	0

Anthony P. Hankins		$	884,070		0%		$	0

David M. Stryker		$	539,720		0%		$	0

R. Wade Rogers		$	386,817		0%		$	0

Executive Officer	Target Performance Share Units		Restricted Stock		Total Target Award Value
Peter R. Huntsman		247,723		165,148		$	9,880,000

Philip M. Lister		43,878		29,252		$	1,750,000

Anthony P. Hankins		50,146		33,431		$	2,000,000

David M. Stryker		35,102		23,402		$	1,400,000

R. Wade Rogers		26,402		17,601		$	1,053,000

• Ashland Global Holdings Inc.	• Covestro AG	• H.B. Fuller Company
• BASF Corp.	• Dow Inc.	• Lanxess AG
• Celanese Corporation	• Eastman Chemical Company	• Trinseo S.A.
• Clariant AG	• Evonik Industries AG	• Westlake Chemical

Executive Officer	Target Award Amount		Number of Shares Earned
Peter R. Huntsman		70,785		46,647

Philip M. Lister		11,087		7,306

Anthony P. Hankins		17,057		11,241

David M. Stryker		11,940		7,868

R. Wade Rogers		8,980		5,918

	Compensation Committee				• Articulates our compensation philosophy, establishes our executive compensation program, and implements policies and plans covering our executive officers. • Reviews, evaluates, and approves the compensation structure and level for all our executive officers. • Reviews each element of compensation annually for our CEO and makes recommendations for approval to the independent members of the Board (including those members who serve on the Compensation Committee). • Evaluates the CEO performance with respect to stated objectives for the prior year. • Evaluates each executive officer’s performance, including thorough reports from other members of executive management other than with respect to our CEO and may apply discretion in determining individual compensation decisions.
	Executive Management				• Our CEO articulates our strategic direction and works with the Compensation Committee to identify and set appropriate targets for executive officers (other than himself). • Our CEO is assisted by our Senior Vice President and head of Global Human Resources who provides advice on the design and development of our compensation programs, the interpretation of compensation data and the effects of adjustments, and modifications to our compensation programs. • Our CEO and the Senior Vice President and head of Global Human Resources make recommendations to the Compensation Committee regarding each element of compensation for each of our NEOs (other than the CEO). • Our CEO also provides the Compensation Committee with his evaluation with respect to each NEO’s performance (other than his own performance) during the prior year. • Our finance and legal departments also assist our CEO and the Senior Vice President and Global Human Resources by advising on legal and financial considerations relevant to these programs.
	Compensation Consultant (Meridian)				• Advises the Compensation Committee in its oversight role, supports the Compensation Committee’s interaction with executive management in the executive compensation design process, and provides independent compensation data and analysis to facilitate the annual review of our compensation programs. • At the direction of the Compensation Committee, evaluates levels of executive officer and director compensation as compared to general market compensation data and peer data as discussed below. • Evaluates proposed compensation programs or changes to existing programs, provides information on current executive compensation trends, and updates the Compensation Committee on applicable legislative, technical and governance matters.

• Air Products & Chemicals Inc.	• Ecolab Inc.	• Scotts Miracle-Gro Company
• Avery Dennison Corporation	• FMC Corporation	• Sealed Air Corporation
• Avient Corporation	• LyondellBasell Industries N.V.	• The Chemours Company
• Axalta Coating Systems Ltd.	• Olin Corporation	• The Mosaic Company
• Celanese Corporation	• PPG Industries Inc.	• The Sherwin-Williams Company
• CF Industries Holdings, Inc.	• Packaging Corporation of America	• Westlake Chemical Corporation
• Eastman Chemical Company	• RPM International Inc.

Name and Principal Position	Year		Salary			Bonus			Stock Awards(1)			Option Awards(2)		Non-Equity Incentive Plan Compensation(3)			Change in Pension Value & Nonqualified Deferred Compensation Earnings(4)			All Other Compensation(5)			Total
Peter R. Huntsman Chairman, President and Chief Executive Officer		2024		$	1,300,000			—		$	11,398,545		—			—		$	1,646,469		$	221,103		$	14,566,117
		2023		$	1,400,000			—		$	12,268,520		—		$	250,000		$	3,322,662		$	390,645		$	17,631,827
		2022		$	1,700,000			—		$	9,950,759		—		$	2,871,576			—		$	508,394		$	15,030,729

Philip M. Lister Executive Vice President and Chief Financial Officer		2024		$	698,750			—		$	2,018,973		—			—		$	153,552		$	122,365		$	2,993,640
		2023		$	637,500			—		$	1,862,609		—		$	216,645		$	234,602		$	142,021		$	3,093,377
		2022		$	575,000			—		$	1,558,573		—		$	579,141			—		$	143,319		$	2,856,033
Anthony P. Hankins(6) Division President, Polyurethanes and CEO—Asia Pacific		2024		$	1,097,040			—		$	2,307,393		—			—			—		$	420,991		$	3,825,424
		2023		$	1,063,566			—		$	2,483,508		—		$	250,000			—		$	522,962		$	4,320,036
		2022		$	1,028,024			—		$	2,397,813		—		$	999,564			—		$	549,905		$	4,975,306

David M. Stryker Executive Vice President, General Counsel & Secretary		2024		$	669,738			—		$	1,615,176		—			—		$	252,546		$	32,823		$	2,570,283
		2023		$	643,976			—		$	1,738,460		—		$	218,312		$	456,745		$	30,932		$	3,088,425
		2022		$	606,454		$	1,000,00		$	1,678,479		—		$	589,664			—		$	20,700		$	3,895,297

R. Wade Rogers Senior Vice President, Global Human Resources and Chief Compliance Officer		2024		$	548,571			—		$	1,214,836		—			—		$	303,804		$	84,844		$	2,152,055
		2023		$	531,821			—		$	1,307,569		—		$	156,464		$	395,253		$	95,904		$	2,487,011
		2022		$	514,012			—		$	1,262,377		—		$	437,309			—		$	110,514		$	2,324,212