Gary Hendrickson, president, CEOTotal compensation: $3,409,549 for the year ended Oct. 31
Salary: $858,269
Non-equity incentive pay: $1,760,739
Other compensation: $456,258
Value realized on vesting shares: $334,283
New stock options: 121,610
Total fiscal 2012 return to shareholders: 63.2 percent
Note: Hendrickson's total compensation increased 30 percent over the previous year's total of $2.6 million, mainly from a nearly $1 million increase in his annual bonus.
Valspar posted record sales, operating margins and earnings per share for 2012, which helped executives achieve incentive targets. But the company's annual sales, while a record $4.02 billion, were below the level that would have earned executives maximum bonuses.
During the past five years, Valspar's stock has had a total shareholder return on an annualized basis of 20.2 percent, easily outperforming the S&P 500 index over that period.
PATRICK KENNEDY
The new rule, which goes into effect March 1, says only firms owned by citizens or U.S. nationals will qualify for Small Business Administration loans.
