Mark J. Costa is the CEO of Eastman Chemical Company, a global specialty materials company that focuses on sustainable solutions. He has a Bachelor's degree in Chemical Engineering from the University of Kentucky and took charge as CEO in January...

Mark J. Costa is the CEO of Eastman Chemical Company, a global specialty materials company that focuses on sustainable solutions. He has a Bachelor's degree in Chemical Engineering from the University of Kentucky and took charge as CEO in January 2014. Under his leadership, Eastman has made significant innovations in recycling technologies, including facilities aimed at tackling plastic waste. Mark also emphasizes integrating sustainability into all aspects of Eastman's operations, showing that the company doesn't just focus on profits but also on reducing environmental impact. His background includes various executive roles at Eastman since he joined in 2006, where he has been pivotal in growing the company's market presence. Costa's compensation is linked to performance metrics, aiming to create long-term value for shareholders. It’s notable that he has been actively involved in implementing strategies that address climate change while also enhancing Eastman's financial strength through improved cash flow and cost competitiveness.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Eastman Chemical CEOs

E

Mark J. Costa

CEO of Eastman Chemical

Education

Bachelor's degree in Chemical Engineering from the University of Kentucky

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Basic Materials

Born

April 1, 1969 - 56 years ago

CEO of Eastman Chemical for

11 years 3 months (Jan 2014 - Present)

Previous Experience

Executive Vice President of the Company

Rivals

Competitors/colleagues of Mark J. Costa

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Michael McMurray

CEO of LyondellBasell Industries N.V.

2023 Compensation

Stock

$0.00

Salary

$850.00K

Bonus

$1.13M

Other

$102.02K

Total Holdings

$26.24M

D

James R. Fitterling

CEO of Dow

2023 Compensation

Stock

$0.00

Salary

$1.69M

Bonus

$0.00

Other

$812.45K

Total Holdings

$15.37M

Holdings

See how much did Mark J. Costa make over time.

Mark J. Costa's insider trading activities reveal a range of fluctuations in his holdings over the years, which reflects both market trends and Eastman’s performance. In 2019, his holdings valued around $17.12 million, which increased to as high as $35.50...

Mark J. Costa's insider trading activities reveal a range of fluctuations in his holdings over the years, which reflects both market trends and Eastman’s performance. In 2019, his holdings valued around $17.12 million, which increased to as high as $35.50 million by May 2021. However, like many executives, his net worth saw ups and downs influenced by stock market performance and company developments. By the end of 2022, his holdings had slightly decreased, down to approximately $30.80 million. Despite this, Costa maintains substantial investment in Eastman, indicating confidence in the company's long-term strategies and sustainability initiatives.

Mar 18, 2025

E

shares

EMN @ $91.27

I

shares

IFF @ $NaN

Total Stock Sold

$72.85M

EMN

$72.85M

833,885 EMN shares

What if they kept their stock?

If Mark J. Costa didn't sell their stock, today they would have:
Extra EMN833,885 shares worth $47.15M.
This is -35.28% and $25.70M less than what they got when they sold the stock.

Charitable Transactions

EMN

3,000 shares

EMN

Recent Charitable Transactions

EMN

3,000 shares

EMN

Sep 2, 2021

Charity

Insider Trading

See recent insider trades of Mark J. Costa.

EMN

$483.79K

EMN at $100.08/share

Feb 26, 2025

Sale

EMN

81,525 shares

EMN

Feb 18, 2025

Received

EMN

$1.92M

EMN at $105.00/share

Nov 29, 2024

Sale

EMN

$9.45M

EMN at $105.32/share

Nov 26, 2024

Sale

EMN

$10.32M

EMN at $100.78/share

May 7, 2024

Sale

EMN

$1.05M

EMN at $87.60/share

Mar 1, 2024

Sale

EMN

52,535 shares

EMN

Feb 14, 2024

Received

EMN

92,916 shares

EMN

Feb 15, 2023

Received

EMN

86,326 shares

EMN

Feb 23, 2022

Received

EMN

3,000 shares

EMN

Sep 2, 2021

Charity

Compensation History

See how much did Mark J. Costa make over time.

In terms of compensation, Mark J. Costa's pay is designed to align with Eastman's performance. In 2022, his total compensation was notably under $1 million, consisting of a mix of salary, bonuses, and stock options. He faced no bonuses in previous years as they were tied to performance targets that hinged on corporate results, indicating that his earnings fluctuate with how well the company does. This structure aims to motivate executives to work towards long-term success and growth for the company, aligning their interests with those of shareholders. The compensation plan reflects a strategy where performance metrics like revenue growth and sustainability goals play a key role.

Year

2022

Total Compensation

$4.00

Salary

$1.00

Board Justification

The compensation philosophy is designed to align executive pay with performance, focusing on long-term value creation for shareholders.

Bonus

$1.00

Board Justification

The bonus is based on performance metrics related to corporate and individual goals for the year 2022.

Other

$1.00

Board Justification

Other compensation includes benefits such as retirement contributions and health benefits.

Restricted Stock

$1.00(1 RSU)

Board Justification

The stock that vested in 2022 is part of the long-term incentive plan and is based on performance metrics over the previous years.

Performance Metrics

Performance metrics include financial targets such as revenue growth, earnings before interest and taxes (EBIT), and sustainability goals.

Other Eastman Chemical CEOs

Here are other CEOs of Eastman Chemical

James P. Rogers

Ex-CEO of Eastman Chemical

May 2009 - January 2014