LYB · LyondellBasell Industries N.V. · Executive Compensation

$57.51 -0.27 (-0.47%)

S&P 500 member Russell 1000 member Rebalance outlook locked

Market Cap

$18.78B

323.04M

Volume · Oct 1 3.66M Avg daily vol (3M) 4.21M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Peter Vanacker	Chief Executive Officer	$1,486,539	—	$11,846,184	—	$1,708,500	$515,529	$15,577,445
Michael McMurray	Former Executive Vice President and Chief Financial Officer	$879,750	—	$3,789,766	—	$628,911	$102,024	$5,423,548
Kimberly Foley	Executive Vice President Olefins & Polyolefins	$816,039	—	$2,770,990	—	$624,575	$89,726	$4,363,491
Torkel Rhenman	Executive Vice President Advanced Polymer Solutions	$808,954	—	$2,710,938	—	$631,330	$71,485	$4,246,112
Jeffrey Kaplan	Executive Vice President General Counsel and Procurement	$783,044	—	$2,548,795	—	$593,630	$105,472	$4,065,549
Agustin Izquierdo	Executive Vice President and Chief Financial Officer	$606,731	—	$1,750,032	—	$484,825	$83,716	$2,943,206

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Peter Vanacker	Chief Executive Officer	$1,450,000	—	$12,586,300	—	$2,563,600	$399,728	$17,018,464
Michael McMurray	Former Executive Vice President and Chief Financial Officer	$872,313	—	$4,026,506	—	$1,027,988	$120,687	$6,068,696
Kimberly Foley	Executive Vice President Olefins & Polyolefins and Refining	$762,308	—	$2,749,013	—	$895,125	$86,811	$4,569,642
Torkel Rhenman	Executive Vice President Advanced Polymer Solutions	$800,000	—	$2,837,771	—	$804,000	$84,602	$4,548,136
Jeffrey Kaplan	Executive Vice President General Counsel and Procurement	$761,517	—	$2,629,192	—	$796,153	$101,743	$4,320,879

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Peter Vanacker	Chief Executive Officer	$1,437,500	—	$8,978,151	$2,664,298	$2,946,400	$503,366	$16,546,194
Michael McMurray	Former Executive Vice President and Chief Financial Officer	$843,500	—	$2,775,140	$823,520	$1,132,519	$102,024	$5,696,627
Ken Lane	Executive Vice President Global Olefins & Polyolefins and Procurement	$870,000	—	$2,201,335	$653,260	$1,097,179	$603,110	$5,445,559
Jim Guilfoyle	Senior Vice President Olefins & Polyolefins EAMEI	$793,562	—	$1,942,151	$576,288	$916,566	$824,643	$5,099,821
Torkel Rhenman	Executive Vice President Advanced Polymer Solutions	$798,275	—	$2,024,259	$600,685	$894,900	$91,436	$4,430,295
Jeffrey Kaplan	Executive Vice President General Counsel and Procurement	$734,000	—	$1,751,648	$519,783	$884,115	$104,545	$4,028,240

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Peter Vanacker	Chief Executive Officer	$861,538	$1,900,000	$9,676,036	$2,500,004	$1,398,485	$669,379	$17,018,989
Ken Lane	Executive Vice President Global Olefins & Polyolefins and Procurement	$968,825	—	$3,582,510	$717,419	$3,389,488	$128,469	$8,798,076
Torkel Rhenman	Executive Vice President Advanced Polymer Solutions	$793,100	—	$1,691,684	$594,846	$2,923,912	$94,791	$6,112,067
Michael McMurray	Former Executive Vice President and Chief Financial Officer	$824,000	—	$2,050,443	$721,022	$2,409,387	$91,685	$6,109,473
Jim Guilfoyle	Senior Vice President Olefins & Polyolefins EAMEI	$770,183	—	$1,691,684	$594,846	$2,817,421	$89,244	$5,963,378
Jeffrey Kaplan	Executive Vice President General Counsel and Procurement	$710,831	—	$1,476,315	$519,120	$2,284,481	$94,115	$5,091,018

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Michael McMurray	Executive Vice President and Chief Financial Officer	$818,185	—	$2,186,241	$738,700	$1,312,040	$86,092	$5,155,194
Torkel Rhenman	Executive Vice President Advanced Polymer Solutions	$787,503	—	$1,841,166	$622,124	$1,262,839	$88,125	$4,616,156
Ken Lane	Executive Vice President Global Olefins & Polyolefins and Procurement	$787,503	—	$1,841,166	$622,124	$1,262,839	$88,429	$4,615,795
Jim Guilfoyle	Senior Vice President Olefins & Polyolefins EAMEI	$671,408	—	$1,625,037	$549,087	$1,075,996	$76,292	$4,015,779
Jeffrey Kaplan	Executive Vice President and General Counsel	$688,215	—	$1,555,813	$525,706	$1,042,259	$77,980	$3,906,637

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Bob Patel	Chief Executive Officer	$1,635,577	—	$8,859,438	$2,953,132	$1,663,200	$441,614	$15,570,513
Michael McMurray	Executive Vice President and Chief Financial Officer	$830,769	—	$1,860,122	$620,004	$498,960	$86,039	$3,909,112
Torkel Rhenman	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	—	$1,559,312	$519,757	$511,229	$86,098	$3,484,125
Ken Lane	Interim CEO and Executive Vice President Global Olefins & Polyolefins and Procurement	$794,077	—	$1,443,789	$481,253	$482,828	$87,098	$3,302,107
Dan Coombs	Former Executive Vice President Global Manufacturing, Projects, and Refining	$475,200	—	$1,595,986	$531,969	$237,281	$47,782	$2,904,042
Jeff Kaplan	Executive Vice President and Chief Legal Officer	$683,792	—	$1,200,657	$400,209	$406,696	$91,258	$2,798,701
Jeffrey Kaplan	Executive Vice President and General Counsel	$683,792	—	$1,200,657	$400,209	$406,696	$77,007	$2,784,450

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Bob Patel	Chief Executive Officer	$1,575,000	—	$9,234,533	$3,078,125	$1,600,000	$435,323	$15,943,313
Michael McMurray	Executive Vice President and Chief Financial Officer	$104,615	$750,000	$2,250,026	$1,500,003	—	$211,639	$4,821,034
Ken Lane	Executive Vice President Global Olefins & Polyolefins	$331,731	$750,000	$2,078,897	$209,595	$461,869	$238,826	$4,083,323
Thomas Aebischer	Former Executive Vice President and Chief Financial Officer	$788,825	—	$1,850,978	$616,962	$490,239	$286,890	$4,048,816
Dan Coombs	Former Executive Vice President Global Manufacturing, Projects, and Refining	$686,400	—	$1,276,790	$425,569	$415,598	$80,877	$2,901,629
Torkel Rhenman	Executive Vice President Global Intermediates & Derivatives and Refining	$340,385	$350,000	$1,351,322	$233,745	$240,053	$236,838	$2,765,353
Jeff Kaplan	Executive Vice President and Chief Legal Officer	$629,936	—	$1,143,155	$381,011	$415,921	$72,212	$2,662,717

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Bob Patel	Chief Executive Officer	$1,573,558	—	$8,859,526	$2,953,136	$4,536,001	$271,364	$18,206,797
Thomas Aebischer	Former Executive Vice President and Chief Financial Officer	$763,122	—	$1,788,421	$596,112	$1,360,787	$93,416	$4,615,066
Dan Coombs	Former Executive Vice President Global Manufacturing, Projects, and Refining	$679,292	—	$1,763,003	$531,973	$881,138	$79,057	$3,949,060
Jeff Kaplan	Executive Vice President and Chief Legal Officer	$601,110	—	$1,363,080	$354,318	$1,013,805	$70,285	$3,415,461

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Bob Patel	Chief Executive Officer	$1,497,596	—	$8,437,663	$2,812,521	$4,435,200	$385,660	$17,589,372
Thomas Aebischer	Former Executive Vice President and Chief Financial Officer	$726,023	—	$1,736,269	$578,737	$880,768	$77,566	$4,012,099
Dan Coombs	Executive Vice President Global Manufacturing, Projects, and Refining	$643,846	—	$1,485,079	$495,011	$941,097	$70,905	$3,650,539

Executive changes

Person	Role	Change	Effective	Filed
Albert Manifold	director	Appointed	2026-05-22	2026-05-22
Peter Vanacker	director	Appointed	2026-05-22	2026-05-22
Bridget Karlin	director	Appointed	2026-05-22	2026-05-22
Virginia Kamsky	director	Appointed	2026-05-22	2026-05-22
Michael Hanley	director	Appointed	2026-05-22	2026-05-22
Rita Griffin	director	Appointed	2026-05-22	2026-05-22
Claire Farley	director	Appointed	2026-05-22	2026-05-22
Robert Dudley	director	Appointed	2026-05-22	2026-05-22
Robin Buchanan	director	Appointed	2026-05-22	2026-05-22
Anthony Chase	director	Appointed	2026-05-22	2026-05-22
Lincoln Benet	director	Appointed	2026-05-22	2026-05-22
Jacques Aigrain	director	Appointed	2026-05-22	2026-05-22
Matthew D. Hayes	Senior Vice President, Chief Accounting Officer	Appointed	2025-03-24	2025-03-17
Chukwuemeka (Emeka) A. Oyolu	Senior Vice President, Chief Accounting Officer, and principal accounting officer	Resigned	2025-03-24	2025-03-17
Agustin Izquierdo	Executive Vice President and Chief Financial Officer	Appointed	2025-03-01	2024-11-22
Michael McMurray	Chief Financial Officer	Retired	2025-03-01	2024-11-22
Kimberly Foley	Executive Vice President, Global O&P, Refining and Supply Chain	Appointed	2024-03-01	2024-02-20
Aaron Ledet	Executive Vice President, Intermediates & Derivatives	Appointed	2024-03-01	2024-02-20
Kenneth Lane	Executive Vice President, Olefins and Polyolefins (O&P) and Global Procurement	Resigned	2024-03-15	2024-02-20
James (Jim) Guilfoyle	Senior Vice President, O&P, Europe, Africa, Middle East and India (EAMEI)	Appointed	2022-10-01	2022-09-27
Torkel Rhenman	Executive Vice President, Advanced Polymer Solutions	Appointed	2022-10-01	2022-09-27
Kenneth (Ken) Lane	Executive Vice President, Olefins & Polyolefins (O&P)	Appointed	2022-10-01	2022-09-27

Key facts CIK 1489393 CUSIP N53745100 13F (30d) 18 filings 17 filers Visit website Investor relations