Boeing CEO David Calhoun declined a salary and performance bonus for most of 2020 but still received stock benefits that pushed the estimated value of his compensation to more than $21 million, according to a regulatory filing Friday, March 5, 2021.
Calhoun, who became CEO in January 2020, received $269,231 in salary for the period before he disavowed his salary in March.
AdThe company said Calhoun gave up about $3.6 million by declining most of his salary and a $2.5 million bonus.
But most of Calhoun's compensation — valued by Boeing at more than $20 million — came in the form of stock benefits that will vest in the next few years, assuming he remains CEO.
Calhoun, 63, was a longtime Boeing board member before being named CEO after the firing of Dennis Muilenburg in December 2019.