Michael McMurray is the Chief Executive Officer of LyondellBasell Industries N.V., a leading global chemical company. He joined the company in November 2019 after previously serving as the Chief Financial Officer at Owens Corning. McMurray has a solid background in...

Current Market Cap

$31.23B

Number of Employees

20K

Total Compensation

2019 - 2023

Trending down by -20.50% last year
Showing total compensation for the last 2019 - 2023

Stock

Down by -100.00% last year

Salary

Up by 3.16% last year

Bonus

Up by 0.00% last year

Other

Up by 0.00% last year

Year

2023

Total Compensation

$2.08M

Salary

$850.00K

Board Justification

The compensation philosophy aligns executive pay with company performance and shareholder interests, emphasizing performance-based incentives.

Bonus

$1.13M

Board Justification

The annual bonus for 2023 was calculated based on company performance metrics, resulting in a payout of 133% of the target bonus.

Other

$102.02K

Board Justification

Other compensation includes matching contributions to 401(k) and other benefits.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2023 as the focus was on performance-based stock units (PSUs) with a performance period ending December 31, 2025.

Performance Metrics

The performance metrics for 2023 included business results, value creation, safety performance, and sustainability.

SEC Filing

From April 8, 2024