UPS CEO David Abney’s total compensation doubled to $8.4 million in 2014, mostly due to increased stock awards.
Sandy Springs-based UPS said the increased value of Abney’s stock awards to $5.4 million in 2014 from $3.2 million in 2013 reflects a change in how it accounts for the awards. The company now reports the full value of the awards for three-year performance targets, rather than spreading it over three years, and the accounting for 2014 also includes a third of the value of the 2012 and 2013 incentive plans.
For Abney, who was promoted from chief operating officer to CEO in September 2014, total compensation for 2014 included a salary of $674,546, up from $499,494 in 2013.
Previous CEO Scott Davis, who retired in September, had a salary of $830,835 in 2014 and total compensation of nearly $17 million.
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