XML 39 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table PAY VERSUS PERFORMANCE
The following table shows the total compensation for our NEOs for the past five fiscal years as set forth in the
Summary Compensation Table (SCT), the compensation actually paid (CAP) to our CEO, and on an average basis, our
other NEOs, Olin’s total shareholder return (TSR), the TSR of our peer group (Peer Group TSR), our Net Income (Loss),
and our financial performance measure for compensatory purposes, Adjusted EBITDA.  The CAP is calculated in
accordance with Item 402(v) of Regulation S-K and is subject to the adjustments contained therein which may differ
materially from our NEOs cash compensation as paid by Olin.
Year
SCT Total for
First CEO
(1)
($)
SCT Total for
Second CEO
(1)
($)
Average SCT
Total for
Other NEOs
(2)
($)
CAP to
First CEO
(3)
($)
CAP to
Second CEO
(3)
($)
Average CAP
to Other
NEOs
(3) (4)
($)
TSR
(5)
($)
Peer
Group
TSR
(5)
($)
Net
Income
(Loss)
($ in
millions)
Adjusted
EBITDA
($ in
millions)
2024
$2,781,383
$20,358,134
$2,269,661
$(7,840,154)
$10,721,588
$388,243
$221
$113
$108.6
$873.9
2023
$11,982,531
N/A
$2,306,226
$13,528,609
N/A
$2,417,626
$347
$138
$460.2
$1,310.1
2022
$10,745,566
N/A
$2,386,281
$8,902,735
N/A
$572,337
$336
$119
$1,326.9
$2,427.8
2021
$10,105,293
N/A
$3,217,587
$41,203,583
N/A
$11,724,673
$359
$126
$1,296.7
$2,493.3
2020
$1,646,019
$8,030,259
$2,501,366
$8,191,019
$17,507,746
$4,232,125
$151
$108
$(969.9)
$636.0
       
Company Selected Measure Name Adjusted EBITDA        
Named Executive Officers, Footnote The Other NEOs for each applicable year are as follows:
2024: Todd A. Slater, Brett A. Flaugher, Dana C. O’Brien, Florian J. Kohl, Patrick M. Schumacher, and Damian
Gumpel
2023: Todd A. Slater, Dana C. O’Brien, Patrick M. Schumacher, and Damian Gumpel
2022: Todd A. Slater, Dana C. O’Brien, Patrick M. Schumacher, Damian Gumpel, and Pat D. Dawson
2021: Todd A. Slater, Pat D. Dawson, James A. Varilek, and Damian Gumpel
2020: Todd A. Slater, Pat D. Dawson, James A. Varilek, and Brett A. Flaugher
       
Peer Group Issuers, Footnote Our peer group reflects the performance
of the S&P 1500 Commodity Chemicals Index.
       
Adjustment To PEO Compensation, Footnote he following adjustments were made to the SCT total in order to calculate CAP for 2024:
First CEO
($)
Second CEO
($)
Average
Other NEOs
($)
Total Compensation from Summary Compensation Table
$2,781,383
$20,358,134
$2,269,661
Adjustments for Pension
Change in Pension Value and Nonqualified Deferred Compensation Earnings in
the Summary Compensation Table
(87)
Service Cost
Total Adjustments for Pension
(87)
Adjustments for Equity Awards (i)
Grant Date Fair Value of Stock Awards in the Summary Compensation Table
(15,695,134)
(732,610)
Grant Date Fair Value of Option Awards in the Summary Compensation Table
(3,500,007)
(573,349)
Year-end Fair Value of Outstanding and Unvested Awards Granted in Current
Year
9,558,595
483,831
Year-over-year Change in Fair Value of Outstanding and Unvested Awards
Granted in Prior Years
(507,064)
Fair Value at Vest Date for Awards Granted and Vested in Current Year
Year-over-year Change in Fair Value Between Prior Year-end Fair Value and Vest
Date Fair Value of Awards Granted in Prior Years
(3,755,222)
(396,300)
Prior Year-end Fair Value of Awards Which Failed to Meet Vesting Conditions
(6,866,315)
(155,839)
Dividends or Other Earnings Paid on Stock or Option Awards not Otherwise
Reflected in Total Compensation
Total Adjustments for Equity Awards
(10,621,537)
(9,636,546)
(1,881,331)
Compensation Actually Paid
$(7,840,154)
$10,721,588
$388,243
       
Non-PEO NEO Average Total Compensation Amount $ 2,269,661 $ 2,306,226 $ 2,386,281 $ 3,217,587 $ 2,501,366
Non-PEO NEO Average Compensation Actually Paid Amount $ 388,243 2,417,626 572,337 11,724,673 4,232,125
Adjustment to Non-PEO NEO Compensation Footnote The following adjustments were made to the SCT total in order to calculate CAP for 2024:
First CEO
($)
Second CEO
($)
Average
Other NEOs
($)
Total Compensation from Summary Compensation Table
$2,781,383
$20,358,134
$2,269,661
Adjustments for Pension
Change in Pension Value and Nonqualified Deferred Compensation Earnings in
the Summary Compensation Table
(87)
Service Cost
Total Adjustments for Pension
(87)
Adjustments for Equity Awards (i)
Grant Date Fair Value of Stock Awards in the Summary Compensation Table
(15,695,134)
(732,610)
Grant Date Fair Value of Option Awards in the Summary Compensation Table
(3,500,007)
(573,349)
Year-end Fair Value of Outstanding and Unvested Awards Granted in Current
Year
9,558,595
483,831
Year-over-year Change in Fair Value of Outstanding and Unvested Awards
Granted in Prior Years
(507,064)
Fair Value at Vest Date for Awards Granted and Vested in Current Year
Year-over-year Change in Fair Value Between Prior Year-end Fair Value and Vest
Date Fair Value of Awards Granted in Prior Years
(3,755,222)
(396,300)
Prior Year-end Fair Value of Awards Which Failed to Meet Vesting Conditions
(6,866,315)
(155,839)
Dividends or Other Earnings Paid on Stock or Option Awards not Otherwise
Reflected in Total Compensation
Total Adjustments for Equity Awards
(10,621,537)
(9,636,546)
(1,881,331)
Compensation Actually Paid
$(7,840,154)
$10,721,588
$388,243
       
Equity Valuation Assumption Difference, Footnote Our valuation assumptions used to calculate the fair value of equity awards reflect changes in our stock price and
related volatility, changes to the length of the awards solely due to the passage of time, and updates to market
driven assumptions such as the risk-free interest rate.
       
Compensation Actually Paid vs. Total Shareholder Return
3649
       
Compensation Actually Paid vs. Net Income
3651
       
Compensation Actually Paid vs. Company Selected Measure
3652
       
Total Shareholder Return Vs Peer Group
3648
       
Tabular List, Table Required Tabular Disclosure of Most Important Measures to Determine Compensation Actually Paid
Most Important Performance Measures
Adjusted Cash Flow
Levered Free Cash Flow
Adjusted EBITDA
Net Income (LTIP)
Relative Total Shareholder Return
       
Total Shareholder Return Amount $ 221 347 336 359 151
Peer Group Total Shareholder Return Amount 113 138 119 126 108
Net Income (Loss) $ 108,600,000 $ 460,200,000 $ 1,326,900,000 $ 1,296,700,000 $ (969,900,000)
Company Selected Measure Amount 873,900,000 1,310,100,000 2,427,800,000 2,493,300,000 636,000,000.0
Additional 402(v) Disclosure The measures listed above represent the most important performance measures we use to determine
compensation actually paid.  Adjusted Cash Flow, Levered Free Cash Flow and Adjusted EBITDA are measures used to
assess performance against targets included in the 2024 STIP, as described in the CD&A under the heading “What We
Pay and Why: Elements of Compensation — Short-Term Incentive Program (STIP).”  Net Income and Relative Total
Shareholder Return are measures used to determine achievement of performance share units under our 2024 LTIP, as
described in the CD&A under the heading “What We Pay and Why: Elements of Compensation — Long-Term Incentive
Compensation Program (LTIP).”
       
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted Cash Flow        
Measure:: 2          
Pay vs Performance Disclosure          
Name Levered Free Cash Flow        
Measure:: 3          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Measure:: 4          
Pay vs Performance Disclosure          
Name Net Income (LTIP)        
Measure:: 5          
Pay vs Performance Disclosure          
Name Relative Total Shareholder Return        
Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (87)        
Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,881,331)        
Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 483,831        
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 (507,064)        
Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (396,300)        
Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (155,839)        
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 0        
Pension Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (87)        
Aggregate Grant Date Fair Value of Stock Award Amounts Reported in Summary Compensation Table [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (732,610)        
Aggregate Grant Date Fair Value of Option Award Amounts Reported in Summary Compensation Table [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (573,349)        
Scott M. Sutton [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount 2,781,383 $ 11,982,531 $ 10,745,566 $ 10,105,293 $ 1,646,019
PEO Actually Paid Compensation Amount (7,840,154) $ 13,528,609 $ 8,902,735 $ 41,203,583 8,191,019
Scott M. Sutton [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Scott M. Sutton [Member] | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Scott M. Sutton [Member] | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (10,621,537)        
Scott M. Sutton [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Scott M. Sutton [Member] | 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 0        
Scott M. Sutton [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Scott M. Sutton [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,755,222)        
Scott M. Sutton [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (6,866,315)        
Scott M. Sutton [Member] | 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 0        
Scott M. Sutton [Member] | Pension Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Scott M. Sutton [Member] | Aggregate Grant Date Fair Value of Stock Award Amounts Reported in Summary Compensation Table [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Scott M. Sutton [Member] | Aggregate Grant Date Fair Value of Option Award Amounts Reported in Summary Compensation Table [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Kenneth T. Lane [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount 20,358,134        
PEO Actually Paid Compensation Amount 10,721,588        
Kenneth T. Lane [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Kenneth T. Lane [Member] | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Kenneth T. Lane [Member] | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (9,636,546)        
Kenneth T. Lane [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 9,558,595        
Kenneth T. Lane [Member] | 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 0        
Kenneth T. Lane [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Kenneth T. Lane [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Kenneth T. Lane [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Kenneth T. Lane [Member] | 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 0        
Kenneth T. Lane [Member] | Pension Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Kenneth T. Lane [Member] | Aggregate Grant Date Fair Value of Stock Award Amounts Reported in Summary Compensation Table [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (15,695,134)        
Kenneth T. Lane [Member] | Aggregate Grant Date Fair Value of Option Award Amounts Reported in Summary Compensation Table [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (3,500,007)        
John E. Fischer [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount         8,030,259
PEO Actually Paid Compensation Amount         $ 17,507,746
PEO          
Pay vs Performance Disclosure          
PEO Name For 2024 through 2020, our First CEO represents Mr. Sutton who became President and CEO of Olin on September 1, 2020.  For 2024, our Second CEO represents Mr. Lane who became President and CEO on March 18, 2024.  For 2020, our Second CEO represents John E. Fischer who was Chairman, President, and CEO prior to Mr. Sutton.