NewMarket Management

Management criteria checks 3/4

NewMarket's CEO is Teddy Gottwald, appointed in Mar 2004, has a tenure of 20.08 years. total yearly compensation is $3.20M, comprised of 37.3% salary and 62.7% bonuses, including company stock and options. directly owns 3.85% of the company’s shares, worth €182.66M. The average tenure of the management team and the board of directors is 3.8 years and 18.1 years respectively.

Key information

Teddy Gottwald

Chief executive officer

US$3.2m

Total compensation

CEO salary percentage	37.3%
CEO tenure	20.1yrs
CEO ownership	3.8%
Management average tenure	3.8yrs
Board average tenure	18.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Teddy Gottwald's remuneration changed compared to NewMarket's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$398m
Dec 31 2023	US$3m	US$1m	US$388m
Sep 30 2023	n/a	n/a	US$398m
Jun 30 2023	n/a	n/a	US$350m
Mar 31 2023	n/a	n/a	US$317m
Dec 31 2022	US$2m	US$1m	US$279m
Sep 30 2022	n/a	n/a	US$206m
Jun 30 2022	n/a	n/a	US$194m
Mar 31 2022	n/a	n/a	US$180m
Dec 31 2021	US$2m	US$1m	US$190m
Sep 30 2021	n/a	n/a	US$240m
Jun 30 2021	n/a	n/a	US$284m
Mar 31 2021	n/a	n/a	US$254m
Dec 31 2020	US$3m	US$1m	US$270m
Sep 30 2020	n/a	n/a	US$253m
Jun 30 2020	n/a	n/a	US$225m
Mar 31 2020	n/a	n/a	US$277m
Dec 31 2019	US$3m	US$1m	US$254m
Sep 30 2019	n/a	n/a	US$267m
Jun 30 2019	n/a	n/a	US$257m
Mar 31 2019	n/a	n/a	US$236m
Dec 31 2018	US$2m	US$1m	US$234m
Sep 30 2018	n/a	n/a	US$176m
Jun 30 2018	n/a	n/a	US$177m
Mar 31 2018	n/a	n/a	US$187m
Dec 31 2017	US$3m	US$1m	US$190m

Compensation vs Market: Teddy's total compensation ($USD3.20M) is about average for companies of similar size in the German market ($USD3.42M).

Compensation vs Earnings: Teddy's compensation has increased by more than 20% in the past year.

CEO

Teddy Gottwald (62 yo)

20.1yrs

Tenure

US$3,195,097

Compensation

Mr. Thomas E. Gottwald, also known as Teddy, has been the Chief Executive Officer and President at NewMarket Corporation since March 3, 2004 and serves as its Chairman of the Board since July 29, 2014. Mr....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Thomas Gottwald	Chairman	20.1yrs	US$3.20m	3.85% $ 182.7m
William Skrobacz	VP & CFO	1.3yrs	US$973.64k	0.014% $ 673.3k
Bruce Hazelgrove	Executive VP & Chief Administrative Officer	no data	US$1.78m	2.43% $ 115.5m
Bryce Jewett	VP & General Counsel	3.8yrs	US$1.22m	0.019% $ 912.6k
Brian Paliotti	President of Afton Chemical Corporation	1.3yrs	US$1.54m	0.057% $ 2.7m
Gail Ridgeway	Principal Accounting Officer & Controller	1.3yrs	no data	0.0062% $ 294.4k
Cameron Warner	Treasurer	12.5yrs	no data	0.049% $ 2.3m
Anne-Marie Anderson	Secretary	3.8yrs	no data	no data

3.8yrs

Average Tenure

62yo

Average Age

Experienced Management: UG9's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Thomas Gottwald	Chairman	30.3yrs	US$3.20m	3.85% $ 182.7m
Bruce Gottwald	Director	62.3yrs	US$95.00k	11.97% $ 568.5m
H. Harris	Independent Director	8.7yrs	US$207.17k	0.018% $ 863.7k
Mark Gambill	Lead Independent Director	15.3yrs	US$199.99k	0.038% $ 1.8m
James Rogers	Independent Director	20.9yrs	US$205.92k	0.035% $ 1.7m
Ting Xu	Independent Director	2.2yrs	US$192.17k	0.0054% $ 258.3k

18.1yrs

Average Tenure

67yo

Average Age

Experienced Board: UG9's board of directors are seasoned and experienced ( 18.1 years average tenure).

NewMarket Management

Management criteria checks 3/4

Key information

Recent management updates

NewMarket Corporation, Annual General Meeting, Apr 25, 2024

Chairman recently sold €2.6m worth of stock

NewMarket Corporation Announces the Election of Lilo Simmons Ukrop as Director

Newmarket Corporation Announces Retirement of Patrick D. Hanley from the Board

Independent Director recently sold €132k worth of stock

Insufficient new directors

Recent updates

NewMarket Corporation Declares Quarterly Dividend, Payable on July 1, 2024

First quarter 2024 earnings released: EPS: US$11.23 (vs US$10.09 in 1Q 2023)

New major risk - Revenue and earnings growth

NewMarket Corporation to Report Q1, 2024 Results on Apr 24, 2024

NewMarket Corporation, Annual General Meeting, Apr 25, 2024

Chairman recently sold €2.6m worth of stock

Upcoming dividend of US$2.50 per share

Fourth quarter dividend of US$2.50 announced

NewMarket Corporation Declares Quarterly Dividend, Payable on April 1, 2024

Full year 2023 earnings released: EPS: US$40.44 (vs US$27.77 in FY 2022)

NewMarket Corporation (NYSE:NEU) completed the acquisition of American Pacific Corporation from AE Industrial Partners, LP.

NewMarket Corporation to Report Q4, 2023 Results on Jan 31, 2024

Upcoming dividend of US$2.25 per share at 1.7% yield

NewMarket Corporation (NYSE:NEU) entered into a definitive purchase agreement to acquire American Pacific Corporation for approximately $700 million.

NewMarket Corporation Announces the Election of Lilo Simmons Ukrop as Director

Third quarter 2023 earnings released: EPS: US$11.60 (vs US$6.32 in 3Q 2022)

NewMarket Corporation to Report Q3, 2023 Results on Oct 25, 2023

Upcoming dividend of US$2.25 per share at 2.0% yield

Newmarket Corporation Announces Retirement of Patrick D. Hanley from the Board

NewMarket Corporation Declares Quarterly Dividend, Payable on October 2, 2023

Second quarter 2023 earnings released: EPS: US$10.36 (vs US$6.54 in 2Q 2022)

NewMarket Corporation to Report Q2, 2023 Results on Jul 26, 2023

Upcoming dividend of US$2.25 per share at 2.1% yield

First quarter 2023 earnings released: EPS: US$10.09 (vs US$5.75 in 1Q 2022)

Upcoming dividend of US$2.10 per share at 2.4% yield

Independent Director recently sold €132k worth of stock

Full year 2022 earnings released: EPS: US$27.77 (vs US$17.71 in FY 2021)

NewMarket Corporation to Report Q4, 2022 Results on Jan 31, 2023

Upcoming dividend of US$2.10 per share

Insufficient new directors

NewMarket Corporation Declares Quarterly Dividend, Payable on January 3, 2023

Third quarter 2022 earnings released: EPS: US$6.32 (vs US$4.80 in 3Q 2021)

NewMarket Corporation to Report Q3, 2022 Results on Oct 24, 2022

Upcoming dividend of US$2.10 per share

NewMarket Corporation Declares Quarterly Dividend, Payable on October 3, 2022

Second quarter 2022 earnings released: EPS: US$6.54 (vs US$4.75 in 2Q 2021)

NewMarket Corporation to Report Q2, 2022 Results on Aug 02, 2022

Upcoming dividend of US$2.10 per share

First quarter 2022 earnings released: EPS: US$5.75 (vs US$6.38 in 1Q 2021)

Insufficient new directors

NewMarket Corporation to Report Q1, 2022 Results on Apr 27, 2022

Upcoming dividend of US$2.10 per share

NewMarket Corporation Declares Quarterly Dividend, Payable on April 1, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$2.10 per share

Independent Director recently sold €161k worth of stock

Third quarter 2021 earnings released: EPS US$4.80 (vs US$8.77 in 3Q 2020)

Upcoming dividend of US$2.10 per share

Independent Director recently sold €170k worth of stock

Second quarter 2021 earnings released: EPS US$4.75 (vs US$2.05 in 2Q 2020)

NewMarket Corporation(NYSE:NEU) dropped from Russell 3000 Growth Index

Upcoming dividend of US$1.90 per share

First quarter 2021 earnings released: EPS US$6.38 (vs US$7.67 in 1Q 2020)

NewMarket Corporation, Annual General Meeting, Apr 22, 2021

Upcoming Dividend of US$1.90 Per Share

Full year 2020 earnings released: EPS US$24.64 (vs US$22.73 in FY 2019)

NewMarket Corporation to Report Q4, 2020 Results on Feb 03, 2021

New 90-day high: €336

New 90-day high: €328

Upcoming Dividend of US$1.90 Per Share

Third quarter earnings released

New 90-day low: €284

NewMarket Corporation to Report Q3, 2020 Results on Oct 28, 2020

New 90-day low: €298

New 90-day low - €316

NewMarket Corporation to Report Q2, 2020 Results on Jul 29, 2020

CEO Compensation Analysis

CEO

Tenure