Allergan Inc. CEO’s Pay Jumps by Half With $9 Million Stock Award
Published: Feb 25, 2013
Allergan Inc. (AGN) Chief Executive Officer David Pyott’s compensation jumped 51 percent last year after the maker of the Botox wrinkle treatment awarded him $9.39 million in stock, according to a company filing. Pyott, CEO since 1998, made $21.2 million last year, including the stock award, $1.3 million in salary, a $1.65 million cash bonus and $7.01 million in options awards, Irvine, California-based Allergan said in a Securities and Exchange Commission filing today. Pyott, who also is chairman and president, was paid total compensation of $13.9 million in 2011. The company’s board said the award was part of a plan to keep Pyott with the company for at least five more years. Under his tenure, the board said, Allergan’s market value has grown to $33.1 billion from about $2 billion.