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LyondellBasell Industries Executive Compensation (FY25)

LYB · Executive and director compensation, fiscal 2022 to 2025

The paid brief on LyondellBasell Industries

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Data as of September 7, 2026Latest filing (8-K): May 22, 2026
12 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
LyondellBasell Industries brief$1,500Get the executive brief
298 figures on this page: 290 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Peter Vanacker
Median of the other named officers
$4,246,112
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 22, 2026
Chief executive pay ratio
◇
To the median employee

More on LyondellBasell Industries

Five data products on this company. Each one is requested through the developer setup page.
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 — Peter Vanacker: $17,018,464 → $15,577,445 (8.5% lower)
Say-on-pay support: 96.2% → 96.7% (0.5 points higher)
CEO pay ratio: 152:1 → 141:1 (7.2% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is LyondellBasell Industries' chief executive and what were they paid?
Peter Vanacker was paid $15,577,445 in total compensation as Chief Executive Officer for fiscal 2025. Vanacker's total moved 8.5% lower from the $17,018,464 reported for fiscal 2024.
What was LyondellBasell Industries' say-on-pay result?
The say-on-pay proposal drew 96.7% of votes cast for or against in favor at the meeting held May 22, 2026 for fiscal 2025.
Which companies are in LyondellBasell Industries' peer group?
The disclosed peer group includes 3M Company, Archer-Daniels-Midland Company, Caterpillar Inc., Cummins Inc. and Deere & Company, among others. The 2025 PSUs - TSR Peer Group Companies names Akzo Nobel N.V., Arkema S.A., BASF SE, Celanese Corporation and Eastman Chemical Company, among others.
What is LyondellBasell Industries' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 141:1, against median employee compensation of $110,140.

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
Peter Vanacker
Chief Executive Officer
◇◇◇◇◇◇◇◇
Torkel Rhenman
Executive Vice President Advanced Polymer Solutions
◇—◇◇◇◇◇◇
Michael McMurray
Former Executive Vice President and Chief Financial Officer
◇—◇◇◇◇◇◇
Jeffrey Kaplan
Executive Vice President General Counsel and Procurement
◇—◇◇◇◇◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Peter Vanacker
Chief Executive Officer
◇—◇◇◇◇◇◇
Michael McMurray
Former Executive Vice President and Chief Financial Officer
◇—◇◇◇◇◇◇
Torkel Rhenman
Executive Vice President Advanced Polymer Solutions
◇—◇◇◇◇◇◇
Jeffrey Kaplan
Executive Vice President General Counsel and Procurement
◇—◇◇◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Peter Vanacker
Chief Executive Officer
◇—◇—◇◇◇◇
Michael McMurray
Former Executive Vice President and Chief Financial Officer
Departed during or after this year
◇—◇—◇◇◇◇
Kimberly Foley
Executive Vice President Olefins & Polyolefins and Refining
◇—◇—◇◇◇◇
Torkel Rhenman
Executive Vice President Advanced Polymer Solutions
◇—◇—◇◇◇◇
Jeffrey Kaplan
Executive Vice President General Counsel and Procurement
◇—◇—◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Peter Vanacker
Chief Executive Officer
◇—◇—◇◇◇◇
Michael McMurray
Former Executive Vice President and Chief Financial Officer
Departed during or after this year
◇—◇—◇◇◇◇
Kimberly Foley
Executive Vice President Olefins & Polyolefins
◇—◇—◇◇◇◇
Torkel Rhenman
Executive Vice President Advanced Polymer Solutions
◇—◇—◇◇◇◇
Jeffrey Kaplan
Executive Vice President General Counsel and Procurement
◇—◇—◇◇◇◇
Agustin Izquierdo
Executive Vice President and Chief Financial Officer
◇—◇—◇◇◇◇
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
Agustin IzquierdoRSU◇——◇——◇
Agustin IzquierdoPSU◇—————◇
Jeffrey KaplanPSU◇—————◇
Jeffrey KaplanRSU◇——◇——◇
Kimberly FoleyRSU◇——◇——◇
Kimberly FoleyPSU◇—————◇
Michael McMurrayPSU◇—————◇
Michael McMurrayRSU◇——◇——◇
Peter VanackerRSU◇——◇——◇
Peter VanackerPSU◇—————◇
Torkel RhenmanPSU◇—————◇
Torkel RhenmanRSU◇——◇——◇
Fiscal 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
Kimberly FoleyOption◇—◇—
PSU◇◇——
RSU◇◇——
Jeffrey KaplanPSU◇◇——
Option◇—◇—
RSU◇◇——
Michael McMurrayOption◇—◇—
RSU◇◇——
PSU◇◇——
Torkel RhenmanOption◇—◇—
PSU◇◇——
RSU◇◇——
Peter VanackerOption◇—◇—
RSU◇◇——
PSU◇◇——
Agustin IzquierdoOption◇—◇—
RSU◇◇——
PSU◇◇——
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.
Agustin Izquierdo
Executive Vice President and Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Jeffrey Kaplan
Executive Vice President General Counsel and Procurement · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Benefits continuation on change in control◇
Benefits continuation◇
Kimberly Foley
Executive Vice President Olefins & Polyolefins · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Michael McMurray
Former Executive Vice President and Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Benefits continuation on change in control◇
Benefits continuation◇
Peter Vanacker
Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Benefits continuation on change in control◇
Benefits continuation◇
Torkel Rhenman
Executive Vice President Advanced Polymer Solutions · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jacques Aigrain
Board chair
◇◇———◇◇
Michael Hanley
◇◇———◇◇
Claire Farley
◇◇———◇◇
Bridget Karlin
◇◇———◇◇
Rita Griffin
◇◇———◇◇
Tony Chase
◇◇———◇◇
Virginia Kamsky
◇◇———◇◇
Albert Manifold
◇◇———◇◇
Bob Dudley
◇◇———◇◇
Lincoln Benet
◇◇———◇◇
Robin Buchanan
◇◇————◇
Peter Vanacker 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◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.
Stock ownership guideline: 6x annual cash retainer ($690,000)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • 3M Company MMM
  • Archer-Daniels-Midland Company ADM
  • Caterpillar Inc. CAT
  • Cummins Inc. CMI
  • Deere & Company DE
  • Dow Inc. DOW
  • DuPont de Nemours, Inc. DD
  • General Dynamics Corporation GD
  • HF Sinclair Corporation DINO
  • Honeywell International Inc. HON
  • International Paper Company IP
  • Johnson Controls International JCI
  • Linde plc LIN
  • Marathon Petroleum Corporation MPC
  • Phillips 66 PSX
  • The Sherwin-Williams Company SHW
  • Valero Energy Corporation VLO
2025 PSUs - TSR Peer Group Companies
  • Akzo Nobel N.V. symbol not shown
  • Arkema S.A. symbol not shown
  • BASF SE symbol not shown
  • Celanese Corporation CE
  • Eastman Chemical Company EMN
  • Evonik Industries A.G. symbol not shown
  • FMC Corporation FMC
  • Huntsman Corporation HUN
  • Methanex Corporation MEOH
  • Olin Corporation OLN
  • PPG Industries, Inc. PPG
  • RPM International Inc. RPM
  • Shin-Etsu Chemical Co., Ltd. symbol not shown
  • Westlake Corporation WLK

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 22, 2026=◇◇◇
2024May 23, 2025=◇◇◇
2023May 24, 2024=◇◇◇
2022May 19, 2023=◇◇◇
2021May 27, 2022=◇◇◇
2020May 28, 2021=◇◇◇
2019May 29, 2020=◇◇◇
2016May 24, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact LyondellBasell Industries disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where LyondellBasell Industries sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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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.
298 figures on this page: 290 cited to the filing that reported them, 8 calculated from figures it prints.
290 cited to the filing
8 calculated from the filing

Documents cited

  1. 0001489393-26-000034
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001308179-26-000250
    CEO Pay Ratio · Compensation Discussion and Analysis · Compensation Tables · Director Compensation · and 3 more sections
  3. 0001489393-25-000028
  4. 0001308179-25-000443
    Compensation Tables
  5. 0001489393-24-000025
  6. 0001489393-23-000032
  7. 0001308179-23-000608
    Summary Compensation Table
  8. 0001489393-22-000028
  9. 0001489393-21-000019
  10. 0001489393-20-000037
  11. 0001193125-17-189202
  12. 0001308179-24-000473
    Summary Compensation Table
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This page is free to cite. Attribution we ask for:
Velarion, “LyondellBasell Industries executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/LYB (accessed 2026).
Short form: data: Velarion

The paid brief for LyondellBasell Industries

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
12 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers LyondellBasell Industries discloses

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

3M CompanyArcher-Daniels-Midland CompanyCaterpillar Inc.Cummins Inc.Deere & CompanyDow Inc.DuPont de Nemours, Inc.General Dynamics CorporationHF Sinclair CorporationHoneywell International Inc.International Paper CompanyJohnson Controls InternationalLinde plcMarathon Petroleum CorporationPhillips 66The Sherwin-Williams CompanyValero Energy CorporationCelanese CorporationEastman Chemical CompanyFMC CorporationHuntsman CorporationOlin CorporationPPG Industries, Inc.RPM International Inc.

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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