In 2023, J. Kent Masters earned $3.81M in total compensation at Albemarle, including $1.40M salary and $1.92M bonus. Most recently sold 5,050 shares in Dec 2024. Currently holds stock worth $17.43M. 9+ years at the helm of Albemarle.
Compensation History
Annual executive compensation data for J. Kent Masters, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$3.81M
Salary
$1.40M
Bonus
$1.92M
Other
$483.59K
Salary
$1.40MBoard Justification
The compensation philosophy is designed to attract and retain highly qualified executives, motivate them to achieve business objectives, and align their interests with those of shareholders, with a significant portion of compensation being performance-based.
Bonus
$1.92MBoard Justification
The bonus is based on the Company's performance metrics including Adjusted EBITDA and Adjusted Cash Flow from Operations, with individual performance considered, capped at 100% of target due to overall company performance.
Other Compensation
$483.59KBoard Justification
Other compensation includes contributions to savings plans, perquisites, and other benefits.
Restricted Stock
Board Justification
No stock was vested in 2023 as the stock grants are structured to vest in future years based on performance metrics and continued employment.
Performance Metrics
Performance metrics include Adjusted EBITDA, Adjusted Cash Flow from Operations, and individual performance metrics.
J. Kent Masters
CEO of Albemarle
Education
Master of Business Administration from Harvard Business School and Bachelor of Science in Chemical Engineering from the University of Michigan.
Field of Expertise
Manufacturing & Industrial - Chemical
Sector of Economy
Basic Materials
Born
June 1, 1969 - 56 years ago
CEO of Albemarle for
9 years 8 months (Apr 2016 - Present)
Previous Experience
Formerly served as Chief Executive Officer of a global specialty chemicals company.
Other Albemarle CEOs
Holdings
Track J. Kent Masters's stock holdings and portfolio value over time.
Total Stock Sold
$510.56K
$510.56K
5,050 ALB shares
What if they kept their stock?
If J. Kent Masters didn't sell their stock, today they would have:
Extra ALB5,050 shares worth $632.21K.
This is 23.83% and $121.65K more than what they got when they sold the stock.
Insider Trading
J. Kent Masters's recent stock transactions, purchases, and sales filed with the SEC.
$510.66K
ALB at $101.12/share
Dec 5, 2024
Sale
7,908 shares
ALB
Feb 26, 2024
Received
$993.57K
ALB at $181.64/share
May 5, 2023
Purchase
$999.98K
ALB at $190.80/share
Feb 18, 2022
Purchase
1,850 shares
ALB
Jul 1, 2019
Received
1,400 shares
ALB
Jul 2, 2018
Received
1,150 shares
ALB
Jul 3, 2017
Received
1,500 shares
ALB
Jul 1, 2016
Received
1,850 shares
ALB
Jul 1, 2015
Received
800 shares
ALB
Mar 10, 2015
Received
Rivals
Compare J. Kent Masters with competitor CEOs and industry peers.
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2023 Compensation
Stock
$0.00
Salary
$1.08M
Bonus
$1.05M
Other
$235.25K
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$7.85M
Leroy M. Ball, Jr.
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Bonus
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Erin N. Kane
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2021 Compensation
Stock
$396.77K
Salary
$919.23K
Bonus
$1.71M
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Total Holdings
$28.65M
Elon Musk
Founder and CEO of Tesla, Inc.
2024 Compensation
Stock
$0.00
Salary
$0.00
Bonus
$0.00
Other
$0.00
Total Holdings
$171.47B
Mark A. Douglas
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2023 Compensation
Stock
$0.00
Salary
$1.22M
Bonus
$0.00
Other
$420.56K
Total Holdings
$1.77M