Delta CEO’s pay reaches $17.6 million

Delta CEO Richard Anderson

Delta CEO Richard Anderson

Delta Air Lines CEO Richard Anderson made a total of nearly $17.6 million while leading the carrier in 2014, according to company filings.

Anderson’s compensation included a salary of $790,625, stock awards of $9.6 million, option awards of $3.8 million and other incentives of about $3 million. He also received other compensation of $298,881, related to a retirement plan, perqs and other items.

Anderson’s compensation for 2014 increased from nearly $14.4 million in 2013, largely due to an increase in long-term incentives.

“Under the leadership of CEO Richard Anderson, Delta achieved the best year in its 85-year history in 2014,” the company said in a written statement.

Delta said in its filing to the U.S. Securities and Exchange Commission that 95 percent of Anderson’s targeted compensation is “at-risk” and dependent on the company’s performance. “Pay for performance is the foundation of our executive compensation philosophy,” Delta said in the filing.

Other executives of Atlanta-based Delta also saw increases in their total compensation, with president Ed Bastian making $9 million in 2014, chief revenue officer Glen Hauenstein at $5.7 million, chief financial officer Paul Jacobson at nearly $4.7 million and chief operating officer Gil West at $4.6 million. Delta’s executive compensation included base salary increases for 2014.