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Materials & Chemicals

Eastman Chemical Executive Compensation (FY25)

EMN · Kingsport, TN · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Mark Costa
Latest say-on-pay support
=
May 7, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 4, 2026Latest filing (8-K): May 12, 2026
15 filings cited on this page
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353 figures on this page: 342 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Mark Costa: $15,939,802 → $19,498,966 (22.3% higher)
Say-on-pay support: 93.4% → 77.3% (16.1 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Eastman Chemical's chief executive and what were they paid?
Total compensation for Mark Costa, Chairman of the Board and Chief Executive Officer, came to $19,498,966 in fiscal 2025. Costa's total was 22.3% higher than the $15,939,802 reported for fiscal 2024.
What was Eastman Chemical's say-on-pay result?
Shareholders supported the say-on-pay proposal with 77.3% of votes cast for or against in favor at the meeting held May 7, 2026 for fiscal 2025.
Which companies are in Eastman Chemical's peer group?
The disclosed peer group includes Air Products and Chemicals, Inc., Albemarle Corporation, Ashland Global Holdings Inc., Axalta Coatings Systems Ltd. and Ball Corporation, among others.
What is Eastman Chemical's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 179:1, against median employee compensation of $109,024.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mark Costa
CEO
◇—◇◇—◇◇◇
William McLain
EVP and CFO
◇—◇◇—◇◇◇
Brad Lich
EVP and CCO
◇—◇◇—◇◇◇
Stephen Crawford
EVP - Mfg. and Chief Sustainability Officer
◇—◇◇—◇◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mark Costa
CEO
◇—◇◇◇◇◇◇
Brad Lich
EVP and CCO
◇—◇◇◇◇◇◇
William McLain
EVP and CFO
◇—◇◇◇◇◇◇
Stephen Crawford
EVP - Mfg. and Chief Sustainability Officer
◇—◇◇◇◇◇◇
B. Travis Smith
SVP - Additives & Functional Products
◇—◇◇◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mark Costa
CEO
◇—◇◇◇◇◇◇
Brad Lich
EVP and CCO
◇—◇◇◇◇◇◇
William McLain
EVP and CFO
◇—◇◇◇◇◇◇
Stephen Crawford
EVP - Methanolysis Ops and WWE&C Transformation
◇—◇◇◇◇◇◇
B. Travis Smith
EVP - AFP, Manufacturing, WWE&C and HSE
◇—◇◇◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mark Costa
Chairman of the Board and Chief Executive Officer
◇—◇◇◇◇◇◇
Brad Lich
Executive Vice President and Chief Commercial Officer
◇—◇◇◇◇◇◇
William McLain
Executive Vice President and Chief Financial Officer
◇—◇◇◇◇◇◇
B. Travis Smith
Executive Vice President, Additives & Functional Products, Manufacturing, WWE&C and HSE
◇—◇◇◇◇◇◇
Christopher Killian
Senior Vice President, Chief Technology Officer and Chief Sustainability Officer
◇—◇◇◇◇◇— not reconciled
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
B. Travis SmithOPTION◇——◇—◇◇
B. Travis SmithPSU◇◇◇—◇—◇
B. Travis SmithRSU◇——◇——◇
Brad LichOPTION◇——◇—◇◇
Brad LichPSU◇◇◇—◇—◇
Brad LichRSU◇——◇——◇
Christopher KillianOPTION◇——◇—◇◇
Christopher KillianPSU◇◇◇—◇—◇
Christopher KillianRSU◇——◇——◇
Mark CostaOPTION◇——◇—◇◇
Mark CostaPSU◇◇◇—◇—◇
Mark CostaRSU◇——◇——◇
William McLainRSU◇——◇——◇
William McLainPSU◇◇◇—◇—◇
William McLainOPTION◇——◇—◇◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Mark CostaOption◇—◇2/20/2035
PSU◇◇——
Option◇—◇2/26/2034
RSU◇◇——
Option◇—◇2/23/2033
Brad LichOption◇—◇2/20/2035
PSU◇◇——
Option◇—◇2/26/2034
RSU◇◇——
Option◇—◇2/23/2033
William McLainOption◇—◇2/20/2035
PSU◇◇——
Option◇—◇2/26/2034
RSU◇◇——
Option◇—◇2/23/2033
B. Travis SmithOption◇—◇2/20/2035
PSU◇◇——
Option◇—◇2/26/2034
RSU◇◇——
Option◇—◇2/23/2033
Christopher KillianOption◇—◇2/20/2035
PSU◇◇——
Option◇—◇2/26/2034
RSU◇◇——
Option◇—◇2/23/2033
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Brad Lich
Executive Vice President and Chief Commercial Officer · Change-in-control agreement
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Mark Costa
Chairman of the Board and Chief Executive Officer · Change-in-control agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
William McLain
Executive Vice President and Chief Financial Officer · Change-in-control agreement
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Brett D. Begemann
Lead independent director
◇◇———◇◇
Humberto P. Alfonso
◇◇———◇◇
Renée J. Hornbaker
◇◇———◇◇
Julie F. Holder
◇◇———◇◇
James J. O'Brien
◇◇———◇◇
Kim Ann Mink
◇◇———◇◇
Eric L. Butler
◇◇———◇◇
Donald W. Slager
◇◇———◇◇
Linnie M. Haynesworth
◇◇———◇◇
Damon J. Audia
◇◇———◇◇
David W. Raisbeck
◇————◇◇
Mark J. Costa served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Board meeting fee◇
Committee meeting fee◇
Equity is delivered as Restricted Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Air Products and Chemicals, Inc. APD
  • Albemarle Corporation ALB
  • Ashland Global Holdings Inc. ASH
  • Axalta Coatings Systems Ltd. AXTA
  • Ball Corporation BALL
  • Celanese Corporation CE
  • Corteva, Inc. CTVA
  • Dover Corporation DOV
  • DuPont de Nemours DD
  • Ecolab Inc. ECL
  • FMC Corporation FMC
  • Huntsman Corporation HUN
  • International Flavors and Fragrances Inc. IFF
  • Parker-Hannifin Corporation PH
  • PPG Industries Inc. PPG
  • RPM International Inc. RPM
  • Sealed Air Corporation SEE
  • The Sherwin-Williams Company SHW
  • Trane Technologies Plc TT

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 7, 2026=◇◇◇
2024May 1, 2025=◇◇◇
2023May 2, 2024=◇◇◇
2022May 4, 2023=◇◇◇
2021May 5, 2022=◇◇◇
2020May 6, 2021=◇◇◇
2019May 7, 2020=◇◇◇
2018May 2, 2019=◇◇◇
2017May 3, 2018=◇◇◇
2016May 4, 2017=◇◇◇
2015May 5, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Mark Costa (Chairman of the Board and Chief Executive Officer), FY2025 total compensation $19,498,966 (base salary $1,406,958) [exec_comp, SEC accession 0000915389-26-000074, filed 2026-03-24]

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What this page does not include

Everything above is a fact Eastman Chemical disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
353 figures on this page: 342 cited to the filing that reported them, 11 calculated from figures it prints.
342 cited to the filing
11 calculated from the filing

Documents cited

  1. 0000915389-26-000123
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0000915389-26-000074
    CEO Pay Ratio · Director Compensation · Director Compensation Table · Summary Compensation Table
  3. 0000915389-25-000126
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000915389-25-000069
    Compensation Tables
  5. 0001193125-24-133198
  6. 0000915389-24-000103
    Compensation Tables
  7. 0001193125-23-139055
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000915389-22-000026
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0000915389-21-000032
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000915389-20-000037
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000915389-19-000024
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0000915389-18-000028
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000915389-17-000025
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0000915389-16-000124
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0000915389-11-000022
    Employment Agreement
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Velarion, “Eastman Chemical executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/EMN (accessed 2026).
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15 filings cited on this page
Method: intel.velarion.ai/methodology
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Materials & Chemicals rankings

Chief executive pay — Materials & ChemicalsCEO pay ratio — Materials & ChemicalsSay-on-pay support — Materials & Chemicals

Peers Eastman Chemical discloses

The companies named in EMN's own disclosed peer group.

Air Products and Chemicals, Inc.Albemarle CorporationAshland Global Holdings Inc.Axalta Coatings Systems Ltd.Ball CorporationCelanese CorporationCorteva, Inc.Dover CorporationDuPont de NemoursEcolab Inc.FMC CorporationHuntsman CorporationInternational Flavors and Fragrances Inc.Parker-Hannifin CorporationPPG Industries Inc.RPM International Inc.Sealed Air CorporationThe Sherwin-Williams CompanyTrane Technologies Plc

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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