|Mattel CEO got $7.3 million|
Buffalo News, NY -
LOS ANGELES (AP) — The chief executive of toymaker Mattel Inc. received a compensation package last year valued by the company at $7.3 million, according to an analysis of a regulatory filing Thursday.
Robert A. Eckert received a salary of about $1.3 million, non-equity incentive plan compensation of $2.5 million, and other compensation of $381,178, the company said in its proxy statement filed with the Securities and Exchange Commission.
Eckert also holds the title of chairman at the El Segundo, Calif.-based company, which owns Fisher-Price Toys in East Aurora, N.Y.
He also received compensation from stock and option awards that had an estimated value of about $3.1 million when granted.
The executive’s other compensation included $160,095 for personal use of company aircraft and $40,158 to cover related tax gross-up; $116,346 in company contributions for a deferred compensation plan; $18,615 in company contributions to a personal investment plan; and $7,126 for tax gross-ups relating to financial counseling and tax return preparation.
Mattel also paid an unspecified amount for Eckert’s use of a company car, premiums for excess liability insurance and a physical exam, the company said.
The Associated Press calculations of total compensation include salary, bonus, incentives, perks, any abovemarket returns on deferred compensation and the estimated value of stock options and awards granted during the year.