Total compensation: $9,037,570 for the year ended Dec. 31
Salary: $1,228,373
Non-equity incentive pay: $1,994,865
Other compensation: $523,671
Exercised stock options: $339,362
Value realized on vesting shares: $4,951,299
New stock options: 204,804
Total return to shareholders: 16.6 percent
Note: The company also recorded an expense of $4,000,053 for stock awards and $3,059,772 for option awards as part of Thulin's long-term incentive compensation in 2012.
Thulin became CEO of 3M Co. on Feb. 24, 2012. To recognize his new CEO responsibilities, the compensation committee approved an increase in his base salary from $835,000 per year to $1.3 million and an increase in his targeted annual cash compensation for the year to $3.3 million.
3M met its 2012 performance targets, and the compensation committee approved an increase to his annual incentive compensation "to recognize his successful first year as 3M's CEO."
Patrick Kennedy
The NHL team’s owner, Craig Leipold, said he’s committed to keeping the team in the capital city. Mayor Melvin Carter hopes the revamp revitalizes downtown.
