In 2023, Kurt J. Bitting earned $3.42M in total compensation at Ecovyst, including $700.00K salary, $45.50K bonus and $2.23M in stock. 3+ years at the helm of Ecovyst.
Compensation History
Annual executive compensation data for Kurt J. Bitting, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$3.42M
Salary
$700.00K
Bonus
$45.50K
Other
$441.97K
Salary
$700.00KBoard Justification
The compensation philosophy is designed to align the interests of the CEO with those of the shareholders by rewarding performance that creates shareholder value, while also being competitive in the market to attract and retain top talent.
Bonus
$45.50KBoard Justification
The annual performance-based cash award opportunity for Mr. Bitting was set at 100% of his base salary, with actual payout based on the achievement of performance metrics for the year 2023.
Other Compensation
$441.97KBoard Justification
Other compensation includes contributions to retirement plans, life insurance, and relocation expenses.
Restricted Stock
Board Justification
The stock awards that vested in 2023 included Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) that were granted in prior years, with the value realized upon vesting calculated based on the market price of the stock at the time of vesting.
Performance Metrics
The performance metrics for 2023 included Adjusted EBITDA, Adjusted Free Cash Flow, HSE Perfect Days, and Recordable Incident Rate.
Kurt J. Bitting
CEO of Ecovyst
Education
B.S. in Business Administration from Villanova University; M.B.A. from Rider University
Field of Expertise
Business & Management
Sector of Economy
Basic Materials
Born
January 1, 1976 - 49 years ago
CEO of Ecovyst for
3 years 7 months (Apr 2022 - Present)
Previous Experience
Business Director in the Company’s Refining Services business
Other Ecovyst CEOs
Holdings
Track Kurt J. Bitting's stock holdings and portfolio value over time.
Insider Trading
Kurt J. Bitting's recent stock transactions, purchases, and sales filed with the SEC.
No insider trades found for this CEO.
Rivals
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