NEW YORK (AP) — PepsiCo gave CEO Indra Nooyi a pay package worth $12.6 million last year, which is down 11 percent from the previous year, as the soda-and-snack food giant changed the way it awards long-term incentive compensation.
The Purchase, N.Y.-based company did away with outright option awards last year and instead gave Nooyi a long-term incentive award tied to the performance of the company's future stock price and other metrics. That figure is not included in the pay summary filed with the Securities and Exchange Commission.
For the year, Nooyi's base salary was roughly even with from the previous year at $1.6 million. Her annual incentive pay rose 32 percent to $3.3 million, as PepsiCo said it met its financial goals during a year of restructuring.
Nooyi's stock awards rose 20 percent to $7.5 million. All other pay came to more than $149,000 and covered costs for use of a company plane and contributions to retirement plans.
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