Comparison of option and stock components of CEO pay, 2006–2018
Options realized and stock awards as a share of CEO compensation based on options realized
| Options realized | Stock awards | * | |
|---|---|---|---|
| 2006 | 47.8% | 21.9% | 0% |
| 2007 | 50.2% | 25.5% | 0% |
| 2008 | 33.9% | 35.9% | 0% |
| 2009 | 26.7% | 35.7% | 0% |
| 2010 | 29.4% | 34.2% | 0% |
| 2011 | 29.4% | 35.3% | 0% |
| 2012 | 38.8% | 33.0% | 0% |
| 2013 | 37.9% | 34.7% | 0% |
| 2014 | 36.4% | 36.9% | 0% |
| 2015 | 34.9% | 37.2% | 0% |
| 2016 | 32.7% | 39.5% | 0% |
| 2017 | 38.6% | 35.4% | 0% |
| 2018 (proj.) | 30.5% | 43.9% | 0% |
Options granted and stock awards as a share of CEO compensation based on options granted
| Options granted | Stock awards | * | |
|---|---|---|---|
| 2006 | 25.3% | 29.8% | 0% |
| 2007 | 28.7% | 36.5% | 0% |
| 2008 | 28.2% | 39.0% | 0% |
| 2009 | 23.5% | 37.2% | 0% |
| 2010 | 23.0% | 37.3% | 0% |
| 2011 | 23.6% | 38.1% | 0% |
| 2012 | 19.4% | 43.4% | 0% |
| 2013 | 18.6% | 45.5% | 0% |
| 2014 | 15.0% | 49.3% | 0% |
| 2015 | 13.8% | 49.3% | 0% |
| 2016 | 15.4% | 49.6% | 0% |
| 2017 | 16.4% | 48.2% | 0% |
| 2018 (proj.) | 14.4% | 54.1% | 0% |
Notes: CEO average annual compensation is measured for CEOs at the top 350 U.S. firms ranked by sales. Two measures are computed, differing in the treatment of stock options: One uses “options realized,” and the other uses the value of “options granted.” Both series also include salary, bonus, restricted stock awards (fair value), and long-term incentive payouts for CEOs. Projected value for 2018 is based on the percent change in CEO pay in the samples available in June 2017 and in June 2018 (labeled first-half [FH] data) applied to the full-year 2017 value. Projections for compensation based on options granted and options realized are calculated separately. Totals are computed using unrounded numbers. Numbers may not sum to totals due to rounding.
Source: Authors’ analysis of data from Compustat’s ExecuComp database, the Bureau of Labor Statistics’ Current Employment Statistics data series, and the Bureau of Economic Analysis NIPA tables