Mark Parker, president and chief executive officer of Nike Inc., saw his 2009 pay package expand 84.4 percent — and the cash portion of it more than double. Parker earned a total of $13.1 million last year, up from $7.1 million in the prior year, as his salary moved up marginally — jumping 0.8 percent to $1.5 million — but his nonequity incentive plan compensation nearly quintupled to $4.4 million from $900,000. The sum of Parker’s stock and option awards expanded 53.7 percent to $7 million from $4.6 million in 2008. Excluding these awards, Parker took in $6.1 million last year versus $2.6 million in the prior year. Because of fluctuating stock prices and vesting schedules, awards aren’t necessarily realized by the executive, but companies are required to include them in executive compensation tables when submitting proxy statements to the Securities and Exchange Commission, as Nike did late Monday.
This story first appeared in the August 3, 2010 issue of WWD. Subscribe Today.