Reynolds' Delen made $8.65 million in 2012
RICHMOND, Va. (AP) — Reynolds American CEO Daniel Delen received a pay package valued at $8.65 million in 2012, about 2 percent more than the previous year.
That's according to an Associated Press analysis of data filed by the nation's second-biggest tobacco company with regulators Friday.
Delen received a base salary of $1 million and a $1.2 million performance-based bonus. Delen also received stock awards valued at about $6.2 million and other compensation worth $203,312.
The 47-year-old, who has served as CEO since March 2011, received $8.5 million in 2011.
Last year, Reynolds American Inc. saw its profit fall 10 percent to $1.27 billion and its revenue excluding excise taxes decline 3 percent to $8.3 billion.
The AP's calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.