Smith had the same $800,000 base salary as in 2009. But he had $8.5 million in stock awards, which compared to just over $2 million in 2009 and $4.9 million in 2008. His option award of $3.1 million for 2010 compared to none last year and $4.2 million for 2008. Under the incentive plan, he received $1.4 million, up from $65,418 a year earlier, but not up to the $1.7 million of two years ago.
The story was the same for the other executives as the compensation committee cited Intuit's 11-percent growth in revenue, 18 percent-increase in non-GAAP operation income and 16-percent income in non-GAAP earnings per share for the most recently ended year as the major factors in the awards.
Williams, the only executive to receive a bonus in each of the last three years, had total compensation of $4.9 million for fiscal 2010, compared to $1.7 million in 2009 and $2.9 million in 2008. He got a big boost from a stock award of $2.6 million, compared to $503,000 a year earlier. His bonus was $200,000 for the most recently ended year compared to the same amount for 2009 and $400,000 for 2008.
Kiran Patel, the EVP who heads Intuit’s Small Business Group, received just over $7 million, up from $5.5 million the prior year and $3.5 million in 2008. His $3.9 million stock award was not as significant an increase from $3.8 million in 2009. However, he received a $1.3 million option award for 2010, compared to no income from that source last year.
Sasan Goodarzi got $3.5 million in compensation for the last fiscal year in his role as SVP and general manager of the Intuit Financial Services Division. Goodarzi had $1.5 million in compensation in 2009 and $3.3 million in 2008. For 2010, he had a stock award of $1.9 million, compared to $296,100. His option awards were valued at $585,648, as opposed to no option awards for 2009.
Daniel R. Maurer, an SVP who manages the Consumer Group, had $3.8 million in compensation for 2010, his first year as a named executive. His pay included a salary of $475,000 and a $2.2 million stock award.
Last modified on Sunday, 02 June 2013