Office supplies retailer Staples Inc. (SPLS) disclosed in a regulatory filing that its Chief Executive officer Ronald Sargent received a 2014 total compensation that was about 15 percent higher than the prior year, while his base salary remained unchanged in 2014 as well as 2013.
The increase in total compensation for its CEO in 2014 from 2013 was primarily due to the payment in 2014 of an annual cash incentive award earned under the Amended and Restated Executive Officer Incentive Plan. No annual cash incentive award was earned in 2013. The increase in total compensation for its CEO in 2013 and 2014 as compared to 2012 was primarily related to a change in the form of incentive awards granted to its NEOs.
Sargent received a total compensation of $12.39 million, including base salary, stock grants and incentives in 2014, compared to the $10.77 million he received in 2013, and $6.47 million he got in 2012.
The total compensation received by Sargent in 2014 includes $1.25 million as base salary, $8.23 million as stock grants, and non-equity incentive plan compensation of $2.59 million.
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