Sundar PichaiSundar Pichai earned $164M in 2023

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...

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Michael McMurray

CEO of LyondellBasell Industries N.V.

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Basic Materials

Born

January 1, 1965 - 60 years ago

CEO of LyondellBasell Industries N.V. for

5 years 5 months (Nov 2019 - Present)

Previous Experience

Senior Vice President and Chief Financial Officer at Owens Corning

Holdings

See how much did Michael McMurray make over time.

Since becoming the CEO, Michael McMurray's holdings in LyondellBasell have seen significant fluctuations. Notably, his stock ownership peaked at approximately $26.73 million in May 2024, showcasing his confidence in the company’s growth. Before reaching that high, his holdings exhibited consistent...

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Total Stock Sold

$10.99M

LYB

$5.43M

50,820 LYB shares

OC

$5.56M

84,475 OC shares

What if they kept their stock?

If Michael McMurray didn't sell their stock, today they would have:
Extra LYB50,820 shares worth $2.62M and OC84,475 shares worth $3.24M.
This is -46.61% and $5.12M less than what they got when they sold the stock.

Charitable Transactions

OC

1,048 shares

OC

Recent Charitable Transactions

OC

302 shares

OC

Mar 12, 2018

Charity

OC

746 shares

OC

Aug 2, 2017

Charity

Insider Trading

See recent insider trades of Michael McMurray.

LYB

18,305 shares

LYB

Feb 27, 2025

Received

LYB

$1.11M

LYB at $76.20/share

Feb 26, 2025

Received

FLS

$159.99K

FLS at $49.84/share

May 16, 2024

Received

LYB

$1.71M

LYB at $100.84/share

Mar 12, 2024

Sale

LYB

14,786 shares

LYB

Feb 22, 2024

Received

LYB

$3.27M

LYB at $97.38/share

Feb 21, 2024

Received

FLS

$149.98K

FLS at $33.68/share

May 25, 2023

Received

LYB

8,720 shares

LYB

Feb 23, 2023

Received

LYB

$1.73M

LYB at $94.89/share

Feb 22, 2023

Received

LYB

$3.76M

LYB at $110.94/share

Jun 8, 2022

Sale

Compensation History

See how much did Michael McMurray make over time.

Michael McMurray's compensation at LyondellBasell includes a mix of salary, bonuses, and other benefits. In 2023, his total package was about $1,981,543, with a base salary of $850,000 and a performance bonus of $1,132,519. This bonus was particularly impressive as it was based on the company hitting certain performance metrics, which shows a strong alignment with shareholders' interests. McMurray also got other benefits that brought his compensation up, but there were no stock options or awarded stocks that vested in 2023. His pay structure emphasizes performance-based pay, which is a trend in modern executive compensation, aligning incentives with the company's overall success. Looking back, in 2022, he reported compensation of over $6 million, showing his progressive role within the company since he joined.

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.

Other LyondellBasell Industries N.V. CEOs

Here are other CEOs of LyondellBasell Industries N.V.