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J. Kent Masters received $24.7M in total compensation as Chairman and Chief Executive Officer of ALBEMARLE CORP in FY2024. The largest component was $14.4M in base salary. That’s up 71% from FY2023. Source: SEC DEF 14A.
In fiscal year 2024, J. Kent Masters, Chairman and Chief Executive Officer of ALBEMARLE CORP (ALB), received total compensation of $24.7 million.
J. Kent Masters's compensation breakdown includes: base salary of $14.4 million, stock awards valued at $7.9 million, option awards of $2.5 million,.
Compared to fiscal year 2023, J. Kent Masters's total compensation increased 71% from $14.5 million to $24.7 million.
ALBEMARLE CORP's top 2 named executive officers received combined total compensation of $26.8 million in fiscal year 2024.
The named executive officers disclosed in ALBEMARLE CORP's 2024 proxy statement are:J. Kent Masters (Chairman and Chief Executive Officer) with total compensation of $24.7 million, and Neal R. Sheorey (Chairman and Chief Executive Officer) with total compensation of $2.1 million.
Chairman and Chief Executive Officer
42% equity · 58% cash
Based on DEF 14A filed 2025-03-27 · FY2024
Team view
2 executives
Chairman and Chief Executive Officer
Total PayFY2024
$24.7M
Chairman and Chief Executive Officer
Total PayFY2024
$2.1M
FY2024 total compensation breakdown
$24.7M total compensation
J. Kent Masters earned $24.7M in FY2024 — here's how that breaks down.
$14.4M
58% of total
$7.9M
32% of total
$2.5M
10% of total
Activity timeline · FY2024
Recent events from filings
Nov 11, 2024
Donald J. LaBauve, Jr. — Appointment | Appointed as Chief Accounting Officer.; Effective date of appointment is November 11, 2024.; Will assume the role of principal accounting officer.; Previously served as Vice President, Corporate Controller and Chief Accounting Officer from February 2014 to November 2019.; Has held various finance positions since joining the Company in 1990.
Oct 7, 2024
Kristin M. Coleman — Severance | Separation meets definition of qualifying termination.; Eligible to receive certain payments and benefits following separation.; Last day of employment: November 4, 2024.
Oct 7, 2024
John C. Barichivich III — Severance | Entitled to severance under the Albemarle Corporation Severance Pay Plan.; Separation meets definition of qualifying termination.; Eligible to receive certain payments and benefits following separation.; Last day of employment: December 31, 2024.
Feb 22, 2024
J. Kent Masters Cash Bonus (Grant FV $2,500,015, Exercise $118.18)
Feb 22, 2024
J. Kent Masters Stock Option (Grant FV $2,500,015, Exercise $118.18)
Feb 22, 2024
J. Kent Masters RSU (Grant FV $2,405,535)
Feb 22, 2024
J. Kent Masters PSU (21,155 target units, 6,347 threshold, 42,310 maximum, Grant FV $3,069,802)
An AI summary will appear here once the pay verdict loads above.
Pay changes vs. stock performance
Recent insider trades by officers and directors
~150 trades
For analysts and deep research
Historical compensation data from latest proxy filing
| Year | Executive | Salary | Bonus & Incentive | Stock Awards | Option Awards | Other Adj. | Total |
|---|---|---|---|---|---|---|---|
| 2024 | J. Kent Masters Chairman and Chief Executive Officer | $14.4M | $0.00M | $7.88M | $2.50M | $0.00M | $24.7M |
| 2023 | J. Kent Masters Chairman and Chief Executive Officer | $1.33M | $1.92M | $8.23M | $2.50M | $0.48M | $14.5M |
| 2022 | J. Kent Masters Chairman and Chief Executive Officer | $1.14M | $2.93M | $5.04M | $1.63M | $0.38M | $11.1M |
| 2021 | J. Kent Masters Chairman and Chief Executive Officer | $1.07M | $2.18M | $4.18M | $1.38M | $0.24M | $9.04M |
| 2020 | J. Kent Masters Chairman and Chief Executive Officer | $4.94M | $0.00M | $0.00M | $0.00M | $0.00M | $4.94M |
Salary = base cash pay. Bonus & Incentive combines annual bonus and non-equity plans. Equity amounts are grant-date fair values. Other Adj. captures pension changes, perquisites, and any reconciliation items so the total matches the reported figure.
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