Eastman Chemical Management
Management criteria checks 3/4
Eastman Chemical's CEO is Mark Costa, appointed in Jan 2014, has a tenure of 11.67 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 $36.41M. The average tenure of the management team and the board of directors is 3.6 years and 10.3 years respectively.
Key information
Mark Costa
Chief executive officer
US$17.6m
Total compensation
| CEO salary percentage | 7.7% |
| CEO tenure | 11yrs |
| CEO ownership | 0.3% |
| Management average tenure | 3.6yrs |
| Board average tenure | 10.3yrs |
Recent management updates
Recent updates
Investors Continue Waiting On Sidelines For Eastman Chemical Company (NYSE:EMN)
Dec 23
Eastman Chemical (NYSE:EMN) Has Announced That It Will Be Increasing Its Dividend To $0.83
Dec 09Should You Think About Buying Eastman Chemical Company (NYSE:EMN) Now?
Oct 24Eastman Chemical: Difficult To See Upside At This Valuation (Rating Downgrade)
Oct 14Is Eastman Chemical (NYSE:EMN) Using Too Much Debt?
Sep 08We Ran A Stock Scan For Earnings Growth And Eastman Chemical (NYSE:EMN) Passed With Ease
Aug 15Eastman Chemical Company (NYSE:EMN) Shares Could Be 33% Below Their Intrinsic Value Estimate
Jul 28Eastman Chemical Company's (NYSE:EMN) Share Price Is Matching Sentiment Around Its Earnings
Jul 16Eastman Chemical Running In Place (Rating Downgrade)
Jul 10Is Now An Opportune Moment To Examine Eastman Chemical Company (NYSE:EMN)?
Jun 03Does Eastman Chemical (NYSE:EMN) Have A Healthy Balance Sheet?
May 08It's Probably Less Likely That Eastman Chemical Company's (NYSE:EMN) CEO Will See A Huge Pay Rise This Year
Apr 26Eastman Chemical: Cyclical But Resilient
Apr 25Eastman Chemical Company's (NYSE:EMN) Share Price Is Matching Sentiment Around Its Earnings
Apr 03Is There An Opportunity With Eastman Chemical Company's (NYSE:EMN) 22% Undervaluation?
Feb 22We Think You Should Be Aware Of Some Concerning Factors In Eastman Chemical's (NYSE:EMN) Earnings
Feb 09Here's Why Eastman Chemical (NYSE:EMN) Has A Meaningful Debt Burden
Jan 23Eastman Chemical: Structural Disappointments
Nov 22Eastman Chemical: Shares Are Already Pricing In Recovery
Nov 01Eastman Chemical: Sales Volumes Need To Stabilize
Sep 18Eastman Chemical Benefits From Reversal In Gas And NGL Costs
Jul 033 Reasons To Consider Eastman Chemical Company
May 30Eastman Chemical: A Sporty Valuation But A Bearish Chart Post-Earnings
Feb 26Eastman Chemical: A Great Long-Term Dividend Stock At The Right Price
Dec 13Eastman Chemical Non-GAAP EPS of $2.05 beats by $0.05, revenue of $2.71B beats by $140M
Oct 27CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$885m |
| Jun 30 2024 | n/a | n/a | US$883m |
| 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$1b |
Compensation vs Market: Mark's total compensation ($USD17.60M) is above average for companies of similar size in the US market ($USD12.87M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
CEO
Mark Costa (58 yo)
11yrs
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 |
|---|---|---|---|---|
| Chairman & CEO | 11yrs | US$17.60m | 0.34% $ 36.4m | |
| CFO & Executive VP | 4.9yrs | US$5.21m | 0.032% $ 3.4m | |
| Executive VP & Chief Commercial Officer | 11yrs | US$5.85m | 0.063% $ 6.6m | |
| Executive VP of Manufacturing & Chief Sustainability Officer | 3.6yrs | US$4.70m | 0.042% $ 4.5m | |
| Senior Vice President of Additives & Functional Products | 2.3yrs | US$3.50m | 0.010% $ 1.1m | |
| VP, Chief Accounting Officer & Controller | 3.3yrs | no data | 0.0020% $ 212.7k | |
| Senior VP & CTO | 3.6yrs | no data | 0.011% $ 1.1m | |
| Vice President of Investor Relations & Communications | 22.4yrs | no data | no data | |
| Senior VP & Chief Human Resources Officer | 1.7yrs | no data | no data | |
| MD of EMEA Region & Global Procurement Director | no data | no data | no data | |
| Senior VP of Regions & Chief Supply Chain Officer | 3.6yrs | no data | 0.0045% $ 478.2k | |
| Senior VP | less than a year | no data | no data |
3.6yrs
Average Tenure
55yo
Average Age
Experienced Management: EMN's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 11.7yrs | US$17.60m | 0.34% $ 36.4m | |
| Director | less than a year | no data | 0.000090% $ 9.5k | |
| Independent Director | 8.9yrs | US$310.90k | 0.0042% $ 440.1k | |
| Independent Director | 21.3yrs | US$311.06k | 0.019% $ 2.0m | |
| Independent Director | 24.1yrs | US$310.06k | 0.025% $ 2.7m | |
| Lead Independent DIrector | 13.9yrs | US$326.73k | 0.0069% $ 732.2k | |
| Independent Director | 13.2yrs | US$316.56k | 0.013% $ 1.3m | |
| Independent Director | 14yrs | US$315.06k | 0.0085% $ 902.5k | |
| Independent Director | 2.4yrs | US$293.06k | 0.0041% $ 433.8k | |
| Independent Director | 4.9yrs | US$290.06k | 0.00011% $ 11.6k | |
| Independent Director | 6.5yrs | US$301.56k | 0.0012% $ 127.0k | |
| Independent Director | 1.9yrs | US$286.17k | 0.0013% $ 137.5k |
10.3yrs
Average Tenure
65yo
Average Age
Experienced Board: EMN's board of directors are seasoned and experienced ( 10.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 00:17 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Eastman Chemical Company is covered by 41 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ishan Majumdar | Baptista Research |
| Sergey Vasnetsov | Barclays |
| Michael Leithead | Barclays |