Plus   Neg

Staples CEO Ronald Sargent's 2014 Total Compensation Up 15% To $12.39 Mln

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Delta Airlines becomes the latest airline to experience pet transport disaster. An 8-week-old puppy was flown across the country to the wrong airports by Delta Airlines landing in Detroit, Las Vegas and Salt Lake City before finally making to Idaho. On Saturday, a breeder put Josh Schlaich's new,... Facebook stock is plunging due to self-inflicted wounds. What was once America's favorite social media site is being a accused of turning into a cesspool of misinformation and narcissism. Facebook Inc.'s security chief, Alex Stamos, plans to step down from the company amid questions over Russia's... Media company Tronc, Inc. said Monday that Michael Ferro has stepped down as chairman of its board of directors. The company named Chief Executive Justin Dearborn as chairman of the board. Tronc noted that Ferro, its largest shareholder, is retiring from the board as the company prepares to close on the $500 million sale of its flagship newspaper, the Los Angeles Times, to local ownership.
comments powered by Disqus
Follow RTT