March 28--The total compensation of Motorola Solutions' chief executive rose 66 percent to $13.3 million last year as Greg Brown received a boost in incentive pay.
The head of the Schaumburg-based communication devices company received more than $5.1 million in cash compensation, up from more than $1.8 million the previous year, according to the annual proxy filed Monday with the Securities and Exchange Commission.
Those figures include both salary and short- and long-term incentive compensation.
In 2014, a short-term incentive plan tied to operating earnings and cash flow came in below expectations and hit 30 percent of its target. In 2015, those results came in at 88 percent of target, the proxy showed.
Brown also made more under the long-term incentive plan, which is focused on stock performance compared with peers. In 2014, he received no long-term incentive cash payments. Last year, he received more than $2.2 million.
He also received more stock and option awards in 2015.
Those were valued at nearly $7.8 million last year, up from $5.8 million the previous year.
byerak@tribpub.com
