Total compensation: $3,187,521 for the year ended Dec. 31
Salary: $410,000
Non-equity incentive pay: $1,489,574
Other compensation: $10,200
Value realized on vesting shares: $1,277,747
New stock options: 126,800
Total 2013 shareholder return: –5.4 percent
Note: Wiehoff took home $3.2 million in 2013, down from $5.2 million in 2012 as CEO of the Eden Prairie-based third-party freight logistics firm.
Wiehoff's base salary has been the same for the past three years, but his annual incentive compensation was down 6.3 percent compared with 2012. The annual bonus was decreased primarily because the company's adjusted pretax income decreased 6.6 percent for the year.
The biggest dip in Wiehoff's take-home compensation was due to a 59 percent decrease in the amount of restricted shares that vested in 2013 compared with 2012.
The company has had solid support for its executive compensation policies in the previous two years. The company had 95 percent support in shareholder say-on-pay votes at C.H. Robinson's annual meetings in 2013 and 2012.
Patrick Kennedy
The Office of Cannabis Management announced Wednesday that a Pine County company will receive the state’s first marijuana license.
