Eastman Chemical Management

Management criteria checks 3/4

Eastman Chemical's CEO is Mark Costa, appointed in Jan 2014, has a tenure of 10.25 years. total yearly compensation is $17.60M, comprised of 7.7% salary and 92.3% bonuses, including company stock and options. directly owns 0.34% of the company’s shares, worth $38.32M. The average tenure of the management team and the board of directors is 2.8 years and 9.5 years respectively.

Key information

Mark Costa

Chief executive officer

US$17.6m

Total compensation

CEO salary percentage	7.7%
CEO tenure	10.3yrs
CEO ownership	0.3%
Management average tenure	2.8yrs
Board average tenure	9.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mark Costa's remuneration changed compared to Eastman Chemical's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$925m
Dec 31 2023	US$18m	US$1m	US$894m
Sep 30 2023	n/a	n/a	US$585m
Jun 30 2023	n/a	n/a	US$708m
Mar 31 2023	n/a	n/a	US$692m
Dec 31 2022	US$17m	US$1m	US$793m
Sep 30 2022	n/a	n/a	US$1b
Jun 30 2022	n/a	n/a	US$1b
Mar 31 2022	n/a	n/a	US$818m
Dec 31 2021	US$18m	US$1m	US$857m
Sep 30 2021	n/a	n/a	US$511m
Jun 30 2021	n/a	n/a	US$321m
Mar 31 2021	n/a	n/a	US$494m
Dec 31 2020	US$14m	US$1m	US$478m
Sep 30 2020	n/a	n/a	US$472m
Jun 30 2020	n/a	n/a	US$577m
Mar 31 2020	n/a	n/a	US$808m
Dec 31 2019	US$15m	US$1m	US$759m
Sep 30 2019	n/a	n/a	US$767m
Jun 30 2019	n/a	n/a	US$913m
Mar 31 2019	n/a	n/a	US$999m
Dec 31 2018	US$16m	US$1m	US$1b
Sep 30 2018	n/a	n/a	US$2b
Jun 30 2018	n/a	n/a	US$1b
Mar 31 2018	n/a	n/a	US$1b
Dec 31 2017	US$14m	US$1m	US$1b

Compensation vs Market: Mark's total compensation ($USD17.60M) is above average for companies of similar size in the UK market ($USD5.63M).

Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.

CEO

Mark Costa (57 yo)

10.3yrs

Tenure

US$17,597,890

Compensation

Mr. Mark J. Costa is Director at International Flavors & Fragrances Inc since January 1, 2023. He has been the Chief Executive Officer of Eastman Chemical Co. since January 1, 2014. Mr. Costa had been an E...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mark Costa	Chairman & CEO	10.3yrs	US$17.60m	0.34% $ 38.3m
William McLain	CFO & Executive VP	4.2yrs	US$5.21m	0.031% $ 3.5m
Brad Lich	Executive VP & Chief Commercial Officer	10.3yrs	US$5.85m	0.062% $ 7.0m
Stephen Crawford	Executive VP of Manufacturing & Chief Sustainability Officer	2.8yrs	US$4.70m	0.042% $ 4.7m
Travis Smith	Senior Vice President of Additives & Functional Products	1.5yrs	US$3.50m	0.010% $ 1.2m
Michelle Stewart	VP, Chief Accounting Officer & Controller	2.5yrs	no data	0.0020% $ 223.8k
Christopher Killian	Senior VP & CTO	2.8yrs	no data	0.013% $ 1.4m
Gregory Riddle	Vice President of Investor Relations & Communications	21.7yrs	no data	no data
Adrian Holt	Senior VP & Chief Human Resources Officer	less than a year	no data	no data
J. Kuijpers	MD of EMEA Region & Global Procurement Director	no data	no data	no data
Julie McAlindon	Senior VP of Regions & Chief Supply Chain Officer	2.8yrs	no data	0.0044% $ 502.0k
Clark Jordan	VP of Legal & Corporate Secretary	4.7yrs	no data	no data

2.8yrs

Average Tenure

54.5yo

Average Age

Experienced Management: 0IF3's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mark Costa	Chairman & CEO	10.9yrs	US$17.60m	0.34% $ 38.3m
James O'Brien	Independent Director	8.2yrs	US$305.00k	0.0030% $ 343.7k
Renee Hornbaker	Independent Director	20.6yrs	US$311.06k	0.018% $ 2.0m
David Raisbeck	Independent Director	23.3yrs	US$310.06k	0.035% $ 4.0m
Brett Begemann	Lead Independent DIrector	13.2yrs	US$326.73k	0.0068% $ 771.0k
Julie Holder	Independent Director	12.4yrs	US$316.56k	0.011% $ 1.3m
Humberto Alfonso	Independent Director	13.3yrs	US$315.06k	0.0084% $ 949.6k
Eric Butler	Independent Director	1.7yrs	US$293.06k	0.0030% $ 336.9k
Edward Doheny	Independent Director	4.2yrs	US$290.06k	0.00011% $ 12.4k
Kim Mink	Independent Director	5.8yrs	US$290.00k	0.0012% $ 133.4k
Linnie Haynesworth	Independent Director	1.2yrs	US$286.17k	0.0013% $ 144.7k
Charles Stevens	Independent Director	4.2yrs	US$290.06k	0.0043% $ 483.9k

9.5yrs

Average Tenure

64yo

Average Age

Experienced Board: 0IF3's board of directors are considered experienced (9.5 years average tenure).

Eastman Chemical Management

Management criteria checks 3/4

Key information

Recent management updates

Eastman Chemical Company, Annual General Meeting, May 02, 2024

Chairman & CEO recently sold US$1.1m worth of stock

Charles K. Stevens to Not Stand for Re-Election to the Board of Eastman Chemical Company

Eastman Chemical Company Announces the Appointment of Adrian Holt as Chief Human Resources Officer

Insider recently sold US$165k worth of stock

Eastman Chemical Company Elects Linnie M. Haynesworth as Director

Recent updates

First quarter 2024 earnings released: EPS: US$1.41 (vs US$1.13 in 1Q 2023)

Eastman Chemical Company to Report Q1, 2024 Results on Apr 25, 2024

Eastman Chemical Company, Annual General Meeting, May 02, 2024

Upcoming dividend of US$0.81 per share

Chairman & CEO recently sold US$1.1m worth of stock

Fourth quarter dividend of US$0.81 announced

Charles K. Stevens to Not Stand for Re-Election to the Board of Eastman Chemical Company

Eastman Chemical Company Declares Quarterly Cash Dividend, Payable on April 5, 2024

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: US$7.54 (vs US$6.42 in FY 2022)

Eastman Chemical Company to Report Q4, 2023 Results on Feb 01, 2024

Eastman Chemical Company Declares Quarterly Cash Dividend, Payable on January 5, 2024

INEOS Acetyls Americas Ltd completed the acquisition of Texas City Operations of Eastman Chemical Company (NYSE:EMN).

Eastman Chemical Company Provides Earnings Guidance for the Full-Year 2023

Third quarter 2023 earnings released: EPS: US$1.50 (vs US$2.49 in 3Q 2022)

Eastman Chemical Company to Report Q3, 2023 Results on Oct 26, 2023

INEOS Acetyls Americas Ltd entered into a definitive agreement to acquire Texas City Operations of Eastman Chemical Company (NYSE:EMN) for approximately $490 million.

Now 22% undervalued

Upcoming dividend of US$0.79 per share at 3.8% yield

Now 21% undervalued

Eastman Chemical Company Declares Quarterly Cash Dividend, Payable on Oct. 6, 2023

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: US$2.29 (vs US$2.05 in 2Q 2022)

Eastman Chemical Company to Report Q2, 2023 Results on Jul 27, 2023

Upcoming dividend of US$0.79 per share at 3.8% yield

Eastman Chemical Company Announces the Appointment of Adrian Holt as Chief Human Resources Officer

Eastman Chemical Company Declares Quarterly Cash Dividend, Payable on July 7, 2023

First quarter 2023 earnings released: EPS: US$1.13 (vs US$1.82 in 1Q 2022)

Upcoming dividend of US$0.79 per share at 3.8% yield

Insider recently sold US$165k worth of stock

Eastman Chemical Company Declares Quarterly Cash Dividend, Payable on April 10, 2023

Eastman Chemical Company Elects Linnie M. Haynesworth as Director

Now 16% undervalued

Full year 2022 earnings released: EPS: US$6.42 (vs US$6.35 in FY 2021)

Eastman Chemical Company to Report Q4, 2022 Results on Jan 26, 2023

Upcoming dividend of US$0.79 per share

Eastman Chemical Company Declares Quarterly Cash Dividend, Payable on January 6, 2023

Third quarter 2022 earnings released: EPS: US$2.49 (vs US$2.59 in 3Q 2021)

Eastman Chemical Company Announces New Executive Leadership Appointment

Investor sentiment deteriorated over the past week

Eastman Chemical Company to Report Q3, 2022 Results on Oct 27, 2022

Upcoming dividend of US$0.76 per share

Eastman Chemical Company Elects Eric L. Butler as Director

Eastman Chemical Company Declares Quarterly Cash Dividend, Payable on October 7, 2022

Second quarter 2022 earnings released: EPS: US$2.05 (vs US$1.07 loss in 2Q 2021)

Now 22% undervalued after recent price drop

Eastman Chemical Company to Report Q2, 2022 Results on Jul 28, 2022

Now 22% undervalued after recent price drop

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.76 per share

Insider recently sold US$1.1m worth of stock

Eastman Chemical Company Declares Quarterly Cash Dividend, Payable on July 8, 2022

First quarter 2022 earnings released: EPS: US$1.82 (vs US$2.01 in 1Q 2021)

Eastman Chemical Company to Report Q1, 2022 Results on Apr 28, 2022

Synthomer plc (LSE:SYNT) completed the acquisition of Adhesive Resins business of Eastman Chemical Company (NYSE:EMN).

Upcoming dividend of US$0.76 per share

Insider recently sold US$587k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Eastman Chemical Company Declares Quarterly Cash Dividend, Payable on April 1, 2022

Now 20% undervalued

Milberg Coleman Bryson Phillips Grossman Files Eastman Chemical Company Steam Pipe Explosion Lawsuit

Eastman Chemical Company Provides Earnings Guidance for the First Quarter 2022

Eastman Chemical Company Provides Earnings Guidance for the Year 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Upcoming dividend of US$0.76 per share

Independent Director Vanessa Allen Sutherland has left the company

Independent Director Vanessa Allen Sutherland has left the company

Independent Director Vanessa Allen Sutherland has left the company

Independent Director Vanessa Allen Sutherland has left the company