In 2021, Bhavesh V. Patel earned $5.89M in total compensation at LyondellBasell Industries N.V., including $1.58M salary and $4.08M bonus. Most recently sold 1,406 shares in Jun 2021. Currently holds stock worth $42.58M. Led LyondellBasell Industries N.V. as CEO for 9 years.
Compensation History
Annual executive compensation data for Bhavesh V. Patel, including salary, bonuses, and stock awards.
Year
2021
Total Compensation
$5.89M
Salary
$1.58M
Bonus
$4.08M
Other
$233.70K
Salary
$1.58MBoard Justification
The compensation philosophy aims to align executive compensation with the Company's performance, ensuring a strong link between pay and performance while attracting and retaining top talent.
Bonus
$4.08MBoard Justification
The annual bonus payout was based entirely on Company performance, with no individual performance component for the CEO, resulting in a payout at 162% of target due to strong EBITDA performance and continued cost discipline.
Other Compensation
$233.70KBoard Justification
Other compensation includes matching contributions to 401(k) and pension plans, tax reimbursements, and other benefits such as executive physicals and financial planning allowances.
Restricted Stock
Board Justification
No stock awards were vested in 2021 as the amounts are based on the aggregate grant date fair value of the full awards, which include RSUs and PSUs that vested pro-rata upon retirement.
Performance Metrics
The performance metrics for the CEO's compensation are based on Company performance, specifically EBITDA results and cost discipline.
Bhavesh V. Patel
Ex-CEO of LyondellBasell Industries N.V.
Education
Not specified
Sector of Economy
Basic Materials
Born
June 1, 1961 - 64 years ago
CEO of LyondellBasell Industries N.V. for
9 years 10 months (Jan 2012 - Nov 2021)
Previous Experience
Chief Executive Officer at LyondellBasell Industries N.V.
Other LyondellBasell Industries N.V. CEOs
Holdings
Track Bhavesh V. Patel's stock holdings and portfolio value over time.
Total Stock Sold
$165.71K
$165.71K
1,406 LYB shares
What if they kept their stock?
If Bhavesh V. Patel didn't sell their stock, today they would have:
Extra LYB1,406 shares worth $60.68K.
This is -63.38% and $105.03K less than what they got when they sold the stock.
Insider Trading
Bhavesh V. Patel's recent stock transactions, purchases, and sales filed with the SEC.
$165.91K
LYB at $118.00/share
Jun 3, 2021
Sale
31,267 shares
LYB
Feb 25, 2021
Received
$229.67K
LYB at $49.35/share
Apr 6, 2020
Purchase
$473.89K
LYB at $64.51/share
Mar 9, 2020
Purchase
35,431 shares
LYB
Feb 20, 2020
Received
$2.79M
LYB at $81.95/share
Feb 19, 2020
Received
34,782 shares
LYB
Feb 21, 2019
Received
$3.76M
LYB at $89.16/share
Feb 20, 2019
Received
$2.88K
UNP at $143.80/share
May 18, 2018
Purchase
Rivals
Compare Bhavesh V. Patel with competitor CEOs and industry peers.
Sean D. Keohane
CEO of Cabot Corporation
2023 Compensation
Stock
$0.00
Salary
$1.08M
Bonus
$1.05M
Other
$235.25K
Total Holdings
$7.85M
Scott M. Sutton
CEO of Olin
2023 Compensation
Stock
$4.01M
Salary
$1.25M
Bonus
$0.00
Other
$266.70K
Total Holdings
$24.03M
Mark J. Costa
CEO of Eastman Chemical
2022 Compensation
Stock
$1.00
Salary
$1.00
Bonus
$1.00
Other
$1.00
Total Holdings
$302.03K
James R. Fitterling
CEO of Dow
2023 Compensation
Stock
$0.00
Salary
$1.69M
Bonus
$0.00
Other
$812.45K
Total Holdings
$100.35K
D. James Umpleby III
CEO of Caterpillar
2024 Compensation
Stock
$13.21M
Salary
$1.81M
Bonus
$0.00
Other
$881.23K
Total Holdings
$11.97M