CEO Peter Lynch and other top Winn-Dixie Stores Inc. executives took home more cash in fiscal 2011, but their total compensation packages were lower than 2010 because of lower stock and options awards under the company’s long-term incentive plans.
According to Jacksonville-based Winn-Dixie’s annual proxy statement filed Tuesday, Lynch earned a base salary of $1.345 million, slightly higher than in fiscal 2010, and received cash incentive payments of $1.056 million in the fiscal year ended June 29, up from $269,060 the previous year.
But with the lower stock and option awards, the total value of his package fell from $5.3 million in fiscal 2010 to $3.7 million in fiscal 2011.
The trend was similar with the other executives listed in the proxy.