Roger Greene
TrinseoAbout Roger Greene
Roger Greene is Vice President, Controller and Principal Accounting Officer at Trinseo PLC (TSE). He joined Trinseo in September 2023 and is currently age 49 (age 48 in the prior year proxy). Greene previously served as Vice President and Chief Audit Executive at Corteva Agriscience; Global Business Controller for DuPont’s Agriculture Division (2016–2019); and held leadership roles in DuPont’s corporate accounting/controllership groups after beginning his career in PwC’s Assurance practice. He holds a bachelor’s degree in accounting from Pennsylvania State University and is a Certified Public Accountant . During his tenure environment, Trinseo’s pay-versus-performance disclosures show the company’s $100 TSR investment value at $16 in 2024 vs peer $146, Net loss of $(348.5) million, and Adjusted EBITDA of $203.7 million .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Trinseo PLC | Vice President, Controller and Principal Accounting Officer | Joined September 2023 | Principal Accounting Officer overseeing controllership |
| Corteva Agriscience | Vice President, Chief Audit Executive | Not disclosed | Led the internal audit function |
| DuPont (Agriculture Division) | Global Business Controller | 2016–2019 | Division-level financial control; leadership in corporate accounting/controllership |
| PricewaterhouseCoopers | Assurance practice | Not disclosed | Audit/assurance foundation |
Fixed Compensation
Greene is not identified as a Named Executive Officer (NEO) in Trinseo’s proxy, so individual base salary, target bonus, and actual bonus details are not disclosed. The NEO lists in 2024 and 2025 include other executives, but not Greene .
| Element | Disclosure Status | Source |
|---|---|---|
| Base salary | Not disclosed (not a NEO in SCT tables) | |
| Target bonus % | Not disclosed (not a NEO in SCT tables) | |
| Actual bonus paid | Not disclosed (not a NEO in SCT tables) | |
| Benefits/perquisites | Executives are eligible for generally-available benefit plans (savings, medical, dental, group life, disability, AD&D) per country practices | |
| Pension/SERP | NEOs do not participate in qualified/non-qualified DB plans; no SERP provided by agreement (Switzerland DC plan exception for select roles noted) |
Performance Compensation
Company-level incentive design emphasizes pay-for-performance and uses multi-metric alignment. Greene’s biography does not specify individual award metrics/weights; however, Trinseo’s “Most Important Financial Measures” used to link executive compensation actually paid include:
| Year | Metric | Notes |
|---|---|---|
| 2024 | Adjusted EBITDA; Free Cash Flow; Capital Expenditures; Total Shareholder Return | Company states Adjusted EBITDA is primary non-GAAP metric |
| 2023 | Adjusted EBITDA; Free Cash Flow; Capital Expenditures; Total Shareholder Return | Metrics list and reconciliation references provided in proxy |
Additional governance features: annual equity grants are regularly scheduled in February; new hires may be eligible for a grant at the next board meeting following hire .
Equity Ownership & Alignment
| Topic | Policy/Detail | Implication |
|---|---|---|
| Share ownership guidelines | CEO: 6x base salary; Other NEOs: 2x base salary. Must be met within 5 years of hire; retention requirement to hold 50% of net shares from RSUs/options/PSUs until compliant | |
| Anti-hedging | Prohibits short sales, zero-cost collars, forward sale contracts, derivative hedging; prohibits holding in margin accounts | |
| Pledging | Prohibited unless financial capacity to repay is shown and preapproval from Chief Compliance Officer is obtained | |
| Section 16 compliance | Company reports timely filings in 2023 for executive officers and directors (with noted Form 4 amendments for certain directors) | |
| Beneficial ownership listing | Greene is not listed among individual beneficial owners/NEOs in the stock ownership tables as of March 31, 2024 and March 31, 2025 |
Employment Terms
Greene’s specific employment agreement terms are not disclosed in the proxies. Company-wide executive terms (applied to NEOs) provide a benchmark for governance and retention risk:
| Provision | Terms | Notes |
|---|---|---|
| Severance (non-CIC) | CEO: 2.0x salary+target bonus (paid over 24 months); CFO/other NEOs: 1.5x salary+target bonus (over 18 months) | |
| Change-in-control (CIC) | Double-trigger; CEO: 3.0x salary+target bonus lump sum; other NEOs: 2.0x salary+target bonus lump sum | |
| Non-compete / non-solicit | For specified NEOs: non-compete and non-solicit for 2 years post-termination; perpetual confidentiality | |
| Clawback | Policy adopted Nov 2023; recoup incentive compensation tied to financial results subject to accounting restatement; allows cancellation and reimbursement of vested/unvested equity awards | |
| 280G gross-ups | Not permitted in executive employment agreements/amendments |
Vesting Mechanics and Equity Plan Terms
| Award Type | Standard Vesting/Plan Terms | CIC / Death / Disability Treatment |
|---|---|---|
| RSUs & Options | Minimum vesting period of 12 months under Plan; options priced at FMV; no repricing without shareholder approval; no liberal share recycling; dividends not paid until vest | Vest in full upon death, disability, or change in control; partial vesting in certain terminations without cause |
| PSUs | Performance-based; no automatic grants; dividends not paid until vest | Vest in full upon change in control; partial vesting upon death or disability; values in examples calculated presuming target performance |
| Grant timing | Annual equity grants typically in February; new hires may be eligible at next board meeting after hire |
Company Pay vs Performance (Context during Greene’s Tenure)
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Value of $100 Investment – TSR ($) | $149 | $151 | $68 | $26 | $16 |
| Peer Group $100 Investment – TSR ($) | $118 | $149 | $132 | $146 | $146 |
| Net (loss) income ($ millions) | $7.9 | $440.0 | $(430.9) | $(701.3) | $(348.5) |
| Adjusted EBITDA ($ millions) | $285.1 | $729.4 | $311.7 | $154.3 | $203.7 |
Investment Implications
- Background/skill set: Greene’s CPA and deep controllership/audit lineage (PwC → DuPont → Corteva) suggests strong internal controls expertise and alignment with reliable reporting—valuable for a Principal Accounting Officer amid restructuring/performance volatility .
- Alignment safeguards: Strict anti-hedging/pledging policies, share ownership guidelines with retention requirements, and robust clawback framework mitigate misalignment risks and potential insider selling pressure. Pledging requires preapproval and proven repayment capacity, reducing collateral-driven sell risks .
- Compensation transparency: As a non-NEO, Greene’s individual pay/award detail is not disclosed, limiting direct pay-for-performance assessment. Company-wide incentive metrics emphasize Adjusted EBITDA, FCF, Capex, and TSR—consistent with cash generation and shareholder return focus .
- Retention economics: Company NEO terms employ double-trigger CIC protections and 1.5–3.0x severance multiples; although Greene’s specific agreement is undisclosed, governance norms suggest structured retention incentives for senior executives while disallowing 280G gross-ups .
- Performance context: 2023–2024 saw significant net losses and depressed TSR relative to peers, with improved Adjusted EBITDA in 2024. Execution risk remains, placing higher value on Greene’s accounting leadership to sustain control integrity and support any turnaround efforts .