XML 27 R2.htm IDEA: XBRL DOCUMENT v3.22.4
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
PAY VERSUS PERFORMANCE

The following table shows the total compensation for our NEOs as set forth in the Summary Compensation Table (SCT), the compensation actually paid (CAP) to our NEOs, Olin’s total shareholder return (TSR), the TSR of our peer group, our Net Income (Loss), and our Adjusted EBITDA. The CAP is calculated in accordance with Item 402(v) of Regulation S-K and is subject the adjustments contained therein which may differ materially from our NEOs cash compensation as paid by Olin. Dollar amounts in the table below for Net Income (Loss) and Adjusted EBITDA are shown in millions.

YearSCT 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)
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 [Text Block] The Other NEOs for each applicable year are as follows:
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 [Text Block] Our peer group reflects the performance of the S&P 1500 Commodity Chemicals Index.    
Adjustment To PEO Compensation, Footnote [Text Block] The following adjustments were made to the SCT total in order to calculate CAP. Amounts presented for Other NEOs reflect an average for the Other NEOs for that applicable year:
Pension AdjustmentsEquity Award Adjustments
(i)
YearExecutivesSCT Total
($)
Deduct Change in
Pension
Value and
Nonqualified
Deferred
Compensation
Earnings from SCT
($)
Deduct Stock Awards from SCT
($)
Deduct Option Awards from SCT
($)
Add
Year End Value of Awards Granted in Current Year
($)
Add Change in Value of Awards Granted in Prior Years
($)
Add Change in Value of Awards Granted in Prior Years which Vested in Current Year
($)
Deduct Awards Which Failed to Meet Vesting Conditions
(4)
($)
Add Accrued Dividends and Interest
($)
2022First CEO$10,745,566 $— $(3,975,484)$(3,657,786)$8,406,229 $(2,209,860)$(405,930)$— $— 
Other NEOs$2,386,281 $— $(653,429)$(599,818)$1,212,539 $(166,284)$(146,115)$(1,467,529)$692 
2021First CEO$10,105,293 $— $(4,479,480)$(3,055,253)$18,553,023 $20,080,000 $— $— $— 
Other NEOs$3,217,587 $— $(1,055,590)$(601,537)$3,825,319 $5,271,902 $1,064,359 $— $2,633 
2020First CEO$1,646,019 $— $(1,012,500)$— $7,557,500 $— $— $— $— 
Second CEO$8,030,259 $(22,921)$(3,532,102)$(2,730,000)$12,626,812 $3,247,818 $(113,722)$— $1,602 
Other NEOs$2,501,366 $(172,064)$(924,710)$(507,325)$2,731,147 $618,107 $(25,078)$— $10,682 
   
Non-PEO NEO Average Total Compensation Amount $ 2,386,281 $ 3,217,587 $ 2,501,366
Non-PEO NEO Average Compensation Actually Paid Amount $ 572,337 11,724,673 4,232,125
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] The following adjustments were made to the SCT total in order to calculate CAP. Amounts presented for Other NEOs reflect an average for the Other NEOs for that applicable year:
Pension AdjustmentsEquity Award Adjustments
(i)
YearExecutivesSCT Total
($)
Deduct Change in
Pension
Value and
Nonqualified
Deferred
Compensation
Earnings from SCT
($)
Deduct Stock Awards from SCT
($)
Deduct Option Awards from SCT
($)
Add
Year End Value of Awards Granted in Current Year
($)
Add Change in Value of Awards Granted in Prior Years
($)
Add Change in Value of Awards Granted in Prior Years which Vested in Current Year
($)
Deduct Awards Which Failed to Meet Vesting Conditions
(4)
($)
Add Accrued Dividends and Interest
($)
2022First CEO$10,745,566 $— $(3,975,484)$(3,657,786)$8,406,229 $(2,209,860)$(405,930)$— $— 
Other NEOs$2,386,281 $— $(653,429)$(599,818)$1,212,539 $(166,284)$(146,115)$(1,467,529)$692 
2021First CEO$10,105,293 $— $(4,479,480)$(3,055,253)$18,553,023 $20,080,000 $— $— $— 
Other NEOs$3,217,587 $— $(1,055,590)$(601,537)$3,825,319 $5,271,902 $1,064,359 $— $2,633 
2020First CEO$1,646,019 $— $(1,012,500)$— $7,557,500 $— $— $— $— 
Second CEO$8,030,259 $(22,921)$(3,532,102)$(2,730,000)$12,626,812 $3,247,818 $(113,722)$— $1,602 
Other NEOs$2,501,366 $(172,064)$(924,710)$(507,325)$2,731,147 $618,107 $(25,078)$— $10,682 
   
Equity Valuation Assumption Difference, Footnote [Text Block] 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 [Text Block] Compensation actually paid to our NEOs (as adjusted for continuing NEOs) tracks closely with TSR and moves directionally with our performance indicating the strong relationship between the two metrics.    
Compensation Actually Paid vs. Net Income [Text Block] Compensation actually paid also directionally reflects changes in our net income and Adjusted EBITDA; during the years when Olin’s performance increased, so did our compensation actually paid and vice versa.    
Compensation Actually Paid vs. Company Selected Measure [Text Block] Compensation actually paid also directionally reflects changes in our net income and Adjusted EBITDA; during the years when Olin’s performance increased, so did our compensation actually paid and vice versa.    
Total Shareholder Return Vs Peer Group [Text Block] As shown above, Olin’s cumulative TSR has exceeded the cumulative peer group TSR during the past three years.    
Tabular List [Table Text Block]
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 $ 336 359 151
Peer Group Total Shareholder Return Amount 119 126 108
Net Income (Loss) $ 1,326,900,000 $ 1,296,700,000 $ (969,900,000)
Company Selected Measure Amount 2,427,800,000 2,493,300,000 636,000,000.0
Additional 402(v) Disclosure [Text Block] 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 short-term incentive program. Within our long-term incentive program, Net Income (LTIP) and Relative Total Shareholder Return are measures used specifically in the Performance Share Program.    
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted Cash Flow    
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Levered Free Cash Flow    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted EBITDA    
Measure [Axis]: 4      
Pay vs Performance Disclosure [Table]      
Measure Name Net Income (LTIP)    
Measure [Axis]: 5      
Pay vs Performance Disclosure [Table]      
Measure Name Relative Total Shareholder Return    
Scott M. Sutton [Member]      
Pay vs Performance Disclosure [Table]      
PEO Total Compensation Amount $ 10,745,566 $ 10,105,293 $ 1,646,019
PEO Actually Paid Compensation Amount $ 8,902,735 41,203,583 8,191,019
John E. Fischer [Member]      
Pay vs Performance Disclosure [Table]      
PEO Total Compensation Amount     8,030,259
PEO Actually Paid Compensation Amount     17,507,746
PEO [Member]      
Pay vs Performance Disclosure [Table]      
PEO Name Our First CEO for the years presented represents Mr. Sutton. Mr. Sutton became President and CEO of Olin on September 1, 2020. Our Second CEO represents John E. Fischer who was Chairman, President, and CEO prior to Mr. Sutton.    
PEO [Member] | Scott M. Sutton [Member] | Pension Adjustments: Deduct Change in Pension Value and Nonqualified Deferred Compensation on Earnings from SCT [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 0 0 0
PEO [Member] | Scott M. Sutton [Member] | Equity Award Adjustments: Deduct Stock Awards from SCT [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (3,975,484) (4,479,480) (1,012,500)
PEO [Member] | Scott M. Sutton [Member] | Equity Award Adjustments: Deduct Option Awards from SCT [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (3,657,786) (3,055,253) 0
PEO [Member] | Scott M. Sutton [Member] | Equity Award Adjustments: Add Year End Value of Awards Granted in Current Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 8,406,229 18,553,023 7,557,500
PEO [Member] | Scott M. Sutton [Member] | Equity Award Adjustments: Add Change in Value of Awards Granted in Prior Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (2,209,860) 20,080,000 0
PEO [Member] | Scott M. Sutton [Member] | Equity Award Adjustments: Add Change in Value of Awards Granted in Prior Years which Vested in Current Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (405,930) 0 0
PEO [Member] | Scott M. Sutton [Member] | Equity Award Adjustments: Deduct Awards Which Failed to Meet Vesting Conditions [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
PEO [Member] | Scott M. Sutton [Member] | Equity Award Adjustments: Add Accrued Dividends and Interest [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
PEO [Member] | John E. Fischer [Member] | Pension Adjustments: Deduct Change in Pension Value and Nonqualified Deferred Compensation on Earnings from SCT [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     (22,921)
PEO [Member] | John E. Fischer [Member] | Equity Award Adjustments: Deduct Stock Awards from SCT [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     (3,532,102)
PEO [Member] | John E. Fischer [Member] | Equity Award Adjustments: Deduct Option Awards from SCT [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     (2,730,000)
PEO [Member] | John E. Fischer [Member] | Equity Award Adjustments: Add Year End Value of Awards Granted in Current Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     12,626,812
PEO [Member] | John E. Fischer [Member] | Equity Award Adjustments: Add Change in Value of Awards Granted in Prior Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     3,247,818
PEO [Member] | John E. Fischer [Member] | Equity Award Adjustments: Add Change in Value of Awards Granted in Prior Years which Vested in Current Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     (113,722)
PEO [Member] | John E. Fischer [Member] | Equity Award Adjustments: Deduct Awards Which Failed to Meet Vesting Conditions [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     0
PEO [Member] | John E. Fischer [Member] | Equity Award Adjustments: Add Accrued Dividends and Interest [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     1,602
Non-PEO NEO [Member] | Pension Adjustments: Deduct Change in Pension Value and Nonqualified Deferred Compensation on Earnings from SCT [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 (172,064)
Non-PEO NEO [Member] | Equity Award Adjustments: Deduct Stock Awards from SCT [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (653,429) (1,055,590) (924,710)
Non-PEO NEO [Member] | Equity Award Adjustments: Deduct Option Awards from SCT [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (599,818) (601,537) (507,325)
Non-PEO NEO [Member] | Equity Award Adjustments: Add Year End Value of Awards Granted in Current Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,212,539 3,825,319 2,731,147
Non-PEO NEO [Member] | Equity Award Adjustments: Add Change in Value of Awards Granted in Prior Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (166,284) 5,271,902 618,107
Non-PEO NEO [Member] | Equity Award Adjustments: Add Change in Value of Awards Granted in Prior Years which Vested in Current Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (146,115) 1,064,359 (25,078)
Non-PEO NEO [Member] | Equity Award Adjustments: Deduct Awards Which Failed to Meet Vesting Conditions [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,467,529) 0 0
Non-PEO NEO [Member] | Equity Award Adjustments: Add Accrued Dividends and Interest [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 692 $ 2,633 $ 10,682