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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2021
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance
As required by Section 953(a) of the Dodd-Frank Act Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation
S-K,
we are providing the following information about the relationship between executive compensation actually paid (as computed in accordance with SEC rules) and certain financial performance of the Company. For further information concerning the Company’s pay for performance philosophy and how the Company’s executive compensation
program
aligns executive compensation with the Company’s performance, refer to the CD&A section of this proxy statement.
Pay Versus Performance Table
 
                                
Value of Initial Fixed $100
Investment Based on:
 
                
Year
(a)
   
SCT Total
Compensation
For PEO
(1)
(b)
     
Compensation
Actually Paid
to PEO
(2)
(c)
     
Average SCT
Total
Compensation
for Other
NEOs
(1)
(d)
     
Average
Compensation
Actually Paid
to Other
NEOs
(3)
(e)
     
Total
Shareholder
Return
(4)
(f)
     
Peer Group
Total
Shareholder
Return
(5)
(g)
     
Net
Income
(6)
(h)
     
Adjusted
EBIT
(7)
*
(i)
  
2024
    $ 9,600,154      $ 26,149,106      $ 2,694,998      $ 5,694,632      $ 339      $ 156      $ 380M      $ 633M  
2023
    $ 7,791,510      $ 8,106,840      $ 2,247,211      $ 2,279,259      $ 206      $ 135      $ 445M      $ 553M  
2022
    $ 7,948,029      $ 17,160,056      $ 2,268,356      $ 3,901,604      $ 186      $ 117      $ 209M      $ 583M  
2021
    $ 8,242,487      $ 17,132,578      $ 2,251,536      $ 3,758,111      $ 143      $ 136      $ 250M      $ 492M  
 
*
Non-GAAP
financial measure. See Appendix B.
(1)
Our Principal Executive Officer (PEO) for each of the years reported was Sean D. Keohane, our CEO and President. The names of each of the NEOs, other than our PEO, included for the purposes of calculating the average amounts in each applicable year are as follows: Ms. McLaughlin, Ms. Kalita, Mr. Kalkstein, and Mr. Zhu. The dollar amounts reported in column (b) are the amounts of total compensation for our PEO reported in our Summary Compensation Table (“SCT”) for each applicable fiscal year and the dollar amounts reported in column (d) are the average of the total compensation amounts reported for the Company’s NEOs as a group (excluding our PEO) in our SCT for each applicable fiscal year.
(2)
The dollar amounts reported represent the amount of “compensation actually paid”, as computed in accordance with SEC rules. The dollar amounts do not reflect the actual amount of compensation earned or realized by or paid to an NEO during the applicable year. In accordance with SEC rules, the following adjustments were made to total compensation to determine the compensation actually paid:
PEO SCT CAP Reconciliation
 
Year
     
Reported Summary
Compensation
Table Total for PEO
       
Minus:
Reported Value of
Equity Awards
(a)
       
Minus:
Pension values
reported in SCT for
covered fiscal year
(b)
       
Plus:
Equity Awards
Adjustments
(c)
       
“Compensation
Actually Paid” to PEO
  
2024
      $ 9,600,154        $ 6,200,575        $ 15,974        $ 22,765,501        $ 26,149,106  
2023
      $ 7,791,510        $ 5,399,962        $ 4,763        $ 5,720,055        $ 8,106,840  
2022
      $ 7,948,029        $ 4,749,921          —        $ 13,961,948        $ 17,160,056  
2021
      $ 8,242,487        $ 4,749,610          —        $ 13,639,701        $ 17,132,578  
 
  (a)
The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” and “Option Awards” columns in the SCT for
the
applicable year. The value of dividends paid on stock awards is reflected in the value of the award in the SCT for each applicable year.
  (b)
The amounts included in this column are the amounts reported in the “Change in Pension and Nonqualified Deferred Compensation Earnings” column of the SCT for each applicable year. There are no pension benefits adjustments as the Supplemental Cash Balance Plan was frozen on December 31, 2013, resulting in no service costs or prior service
costs
.
 
 
  (c)
The equity award adjustments for each applicable year were calculated in accordance with the methodology required by item 402(v) of Regulation
S-K.
The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments for the PEO are provided in the table below.
 
 
Year
 
   
 
Year End Fair Value of
Equity Awards
Granted in the Year
 
     
 
Year over Year
Change in Fair Value
of Outstanding and
Unvested Equity
Awards Granted in
Prior Years
 
     
 
Year over Year
Change in Fair Value
of Equity Awards
Granted in Prior Years
that Vested in the Year
 
     
 
Value of Dividends or
other Earnings Paid on
Stock or Option
Awards not Otherwise
Reflected in Fair Value
 
     
 
Total Equity Award
Adjustments
 
  
2024
    $ 12,981,123      $ 8,301,455      $ 1,316,950      $ 165,973      $ 22,765,501  
2023
    $ 3,775,328      $ 313,488      $ 1,394,821      $ 236,419      $ 5,720,055  
2022
    $ 7,430,835      $ 5,145,861      $ 1,191,627      $ 193,625      $ 13,961,948  
2021
    $ 8,655,360      $ 4,231,688      $ 617,361      $ 135,292      $ 13,639,701  
 
(3)
The dollar amounts reported represent the average amount of “compensation actually paid” to the NEOs as a group (excluding our CEO), as computed in accordance with SEC rules. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding our CEO) during the applicable year. In accordance with the SEC rules, the following adjustments were made to average total compensation for the NEOs as a group (excluding our CEO) for each year to determine the compensation actually paid, using the same methodology described above in footnote 2.
Average
Non-PEO
SCT CAP Reconciliation
 
Year
   
 
Average Reported
Summary
Compensation Table
Total for Non-PEO
NEOs
 
     
 
Minus:
Average Reported
Value of Equity
Awards
(a)
 
     
 
Minus:
Pension values
reported in SCT for
covered fiscal year
(b)
 
     
 
Plus:
Average Equity
Awards Adjustments (c)
 
     
 
Average
“Compensation
Actually Paid” to
Non-PEO NEOs
 
  
2024
    $ 2,694,998      $ 1,074,993      $ 995      $ 4,075,622      $ 5,694,632  
2023
    $ 2,247,211      $ 1,024,885      $ 168      $ 1,057,100      $ 2,279,259  
2022
    $ 2,268,356      $ 881,209        —      $ 2,514,456      $ 3,901,604  
2021
    $ 2,251,536      $ 856,145        —      $ 2,362,720      $ 3,758,111  
 
  (a)
The grant date fair value of equity awards represents the
Non-PEO
NEOs average of the total of the amounts reported in the “Stock Awards” and “Option Awards” columns in the SCT for the applicable year. The value of dividends paid on stock awards is reflected in the value of the award in the SCT for each applicable year.
  (b)
The amounts included in this column are the average of the
Non-PEO
NEOs amounts reported in the “Change in Pension and Nonqualified Deferred Compensation Earnings” column of the SCT for each applicable year. There are no pension benefits adjustments as the Supplemental Cash Balance Plan was frozen on December 31, 2013, resulting in no service costs or prior service costs.
  (c)
The average
Non-PEO
NEO equity award adjustment for each applicable year were calculated in accordance with the methodology required by Item 402(v) of Regulation
S-K.
The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments for the
Non-PEO
NEOs are provided in the table below.
 
 
Year
 
  
 
Average Year End Fair
Value of Equity Awards
Granted in the Year
 
    
 
Year over Year Average
Change in Fair Value of
Outstanding and
Unvested Equity
Awards Granted in Prior
Years
 
    
 
Year over Year Average
Change in Fair Value of
Equity Awards Granted
in Prior Years that
Vested in the Year
 
    
 
Average Value of
Dividends or other
Earnings Paid on Stock
or Option Awards not
Otherwise Reflected in
Fair Value
 
    
 
Total Average Equity Award
Adjustments
 
  
2024
   $ 2,250,551     $ 1,555,910     $ 238,702     $ 30,459     $ 4,075,622  
2023
   $ 716,547     $ 53,871     $ 243,399     $ 43,282     $ 1,057,100  
2022
   $ 1,378,593     $ 904,541     $ 197,037     $ 34,285     $ 2,514,456  
2021
   $ 1,560,173     $ 689,457     $ 90,383     $ 22,707     $ 2,362,720  
 
(4)
Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end of each applicable fiscal year and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period.
(5)
Represents the cumulative TSR for the peer group for each measurement period. The peer group for this purpose is the S&P 400 Chemicals index.
(6)
The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable year.
(7)
The Company has determined that Adjusted EBIT is the financial performance measure that represents the most important financial measure used to link compensation actually paid to the Company’s NEOs to the Company’s financial performance for the most recently completed fiscal year.
     
Company Selected Measure Name Adjusted EBIT      
Named Executive Officers, Footnote The names of each of the NEOs, other than our PEO, included for the purposes of calculating the average amounts in each applicable year are as follows: Ms. McLaughlin, Ms. Kalita, Mr. Kalkstein, and Mr. Zhu. The dollar amounts reported in column (b) are the amounts of total compensation for our PEO reported in our Summary Compensation Table (“SCT”) for each applicable fiscal year and the dollar amounts reported in column (d) are the average of the total compensation amounts reported for the Company’s NEOs as a group (excluding our PEO) in our SCT for each applicable fiscal year.      
Peer Group Issuers, Footnote Represents the cumulative TSR for the peer group for each measurement period. The peer group for this purpose is the S&P 400 Chemicals index.      
PEO Total Compensation Amount $ 9,600,154 $ 7,791,510 $ 7,948,029 $ 8,242,487
PEO Actually Paid Compensation Amount $ 26,149,106 8,106,840 17,160,056 17,132,578
Adjustment To PEO Compensation, Footnote
PEO SCT CAP Reconciliation
 
Year
     
Reported Summary
Compensation
Table Total for PEO
       
Minus:
Reported Value of
Equity Awards
(a)
       
Minus:
Pension values
reported in SCT for
covered fiscal year
(b)
       
Plus:
Equity Awards
Adjustments
(c)
       
“Compensation
Actually Paid” to PEO
  
2024
      $ 9,600,154        $ 6,200,575        $ 15,974        $ 22,765,501        $ 26,149,106  
2023
      $ 7,791,510        $ 5,399,962        $ 4,763        $ 5,720,055        $ 8,106,840  
2022
      $ 7,948,029        $ 4,749,921          —        $ 13,961,948        $ 17,160,056  
2021
      $ 8,242,487        $ 4,749,610          —        $ 13,639,701        $ 17,132,578  
 
  (a)
The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” and “Option Awards” columns in the SCT for
the
applicable year. The value of dividends paid on stock awards is reflected in the value of the award in the SCT for each applicable year.
  (b)
The amounts included in this column are the amounts reported in the “Change in Pension and Nonqualified Deferred Compensation Earnings” column of the SCT for each applicable year. There are no pension benefits adjustments as the Supplemental Cash Balance Plan was frozen on December 31, 2013, resulting in no service costs or prior service
costs
.
 
 
  (c)
The equity award adjustments for each applicable year were calculated in accordance with the methodology required by item 402(v) of Regulation
S-K.
The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments for the PEO are provided in the table below.
 
 
Year
 
   
 
Year End Fair Value of
Equity Awards
Granted in the Year
 
     
 
Year over Year
Change in Fair Value
of Outstanding and
Unvested Equity
Awards Granted in
Prior Years
 
     
 
Year over Year
Change in Fair Value
of Equity Awards
Granted in Prior Years
that Vested in the Year
 
     
 
Value of Dividends or
other Earnings Paid on
Stock or Option
Awards not Otherwise
Reflected in Fair Value
 
     
 
Total Equity Award
Adjustments
 
  
2024
    $ 12,981,123      $ 8,301,455      $ 1,316,950      $ 165,973      $ 22,765,501  
2023
    $ 3,775,328      $ 313,488      $ 1,394,821      $ 236,419      $ 5,720,055  
2022
    $ 7,430,835      $ 5,145,861      $ 1,191,627      $ 193,625      $ 13,961,948  
2021
    $ 8,655,360      $ 4,231,688      $ 617,361      $ 135,292      $ 13,639,701  
      
Non-PEO NEO Average Total Compensation Amount $ 2,694,998 2,247,211 2,268,356 2,251,536
Non-PEO NEO Average Compensation Actually Paid Amount $ 5,694,632 2,279,259 3,901,604 3,758,111
Adjustment to Non-PEO NEO Compensation Footnote
Average
Non-PEO
SCT CAP Reconciliation
 
Year
   
 
Average Reported
Summary
Compensation Table
Total for Non-PEO
NEOs
 
     
 
Minus:
Average Reported
Value of Equity
Awards
(a)
 
     
 
Minus:
Pension values
reported in SCT for
covered fiscal year
(b)
 
     
 
Plus:
Average Equity
Awards Adjustments (c)
 
     
 
Average
“Compensation
Actually Paid” to
Non-PEO NEOs
 
  
2024
    $ 2,694,998      $ 1,074,993      $ 995      $ 4,075,622      $ 5,694,632  
2023
    $ 2,247,211      $ 1,024,885      $ 168      $ 1,057,100      $ 2,279,259  
2022
    $ 2,268,356      $ 881,209        —      $ 2,514,456      $ 3,901,604  
2021
    $ 2,251,536      $ 856,145        —      $ 2,362,720      $ 3,758,111  
 
  (a)
The grant date fair value of equity awards represents the
Non-PEO
NEOs average of the total of the amounts reported in the “Stock Awards” and “Option Awards” columns in the SCT for the applicable year. The value of dividends paid on stock awards is reflected in the value of the award in the SCT for each applicable year.
  (b)
The amounts included in this column are the average of the
Non-PEO
NEOs amounts reported in the “Change in Pension and Nonqualified Deferred Compensation Earnings” column of the SCT for each applicable year. There are no pension benefits adjustments as the Supplemental Cash Balance Plan was frozen on December 31, 2013, resulting in no service costs or prior service costs.
  (c)
The average
Non-PEO
NEO equity award adjustment for each applicable year were calculated in accordance with the methodology required by Item 402(v) of Regulation
S-K.
The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments for the
Non-PEO
NEOs are provided in the table below.
 
 
Year
 
  
 
Average Year End Fair
Value of Equity Awards
Granted in the Year
 
    
 
Year over Year Average
Change in Fair Value of
Outstanding and
Unvested Equity
Awards Granted in Prior
Years
 
    
 
Year over Year Average
Change in Fair Value of
Equity Awards Granted
in Prior Years that
Vested in the Year
 
    
 
Average Value of
Dividends or other
Earnings Paid on Stock
or Option Awards not
Otherwise Reflected in
Fair Value
 
    
 
Total Average Equity Award
Adjustments
 
  
2024
   $ 2,250,551     $ 1,555,910     $ 238,702     $ 30,459     $ 4,075,622  
2023
   $ 716,547     $ 53,871     $ 243,399     $ 43,282     $ 1,057,100  
2022
   $ 1,378,593     $ 904,541     $ 197,037     $ 34,285     $ 2,514,456  
2021
   $ 1,560,173     $ 689,457     $ 90,383     $ 22,707     $ 2,362,720  
      
Compensation Actually Paid vs. Total Shareholder Return LOGO      
Compensation Actually Paid vs. Net Income LOGO      
Compensation Actually Paid vs. Company Selected Measure LOGO      
Total Shareholder Return Vs Peer Group LOGO      
Tabular List, Table
Financial Performance Measures
The most important financial performance measures used by the Company to link executive “compensation actually paid” to the Company’s NEOs in fiscal 2024 to the Company’s financial performance are listed below. These metrics are in our incentive awards and are further described in the CD&A section of this proxy statement.
 
•  
Adjusted EBIT
•  
Adjusted EPS
•  
Adjusted RONA
•  
Net Working Capital Days
•  
Discretionary Free Cash Flow
     
Total Shareholder Return Amount $ 339 206 186 143
Peer Group Total Shareholder Return Amount 156 135 117 136
Net Income (Loss) $ 380,000,000 $ 445,000,000 $ 209,000,000 $ 250,000,000
Company Selected Measure Amount 633,000,000 553,000,000 583,000,000 492,000,000
PEO Name Sean D. Keohane      
Measure:: 1        
Pay vs Performance Disclosure        
Name Adjusted EBIT      
Measure:: 2        
Pay vs Performance Disclosure        
Name Adjusted EPS      
Measure:: 3        
Pay vs Performance Disclosure        
Name Adjusted RONA      
Measure:: 4        
Pay vs Performance Disclosure        
Name Net Working Capital Days      
Measure:: 5        
Pay vs Performance Disclosure        
Name Discretionary Free Cash Flow      
PEO | Aggregate Pension Adjustments Service Cost        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (15,974) $ (4,763) $ 0 $ 0
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (6,200,575) (5,399,962) (4,749,921) (4,749,610)
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 22,765,501 5,720,055 13,961,948 13,639,701
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 12,981,123 3,775,328 7,430,835 8,655,360
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 8,301,455 313,488 5,145,861 4,231,688
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,316,950 1,394,821 1,191,627 617,361
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 165,973 236,419 193,625 135,292
Non-PEO NEO | Aggregate Pension Adjustments Service Cost        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (995) (168) 0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,074,993) (1,024,885) (881,209) (856,145)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,075,622 1,057,100 2,514,456 2,362,720
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,250,551 716,547 1,378,593 1,560,173
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,555,910 53,871 904,541 689,457
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 238,702 243,399 197,037 90,383
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 30,459 $ 43,282 $ 34,285 $ 22,707