Activision CEO Bobby Kotick is one of the highest paid CEOs in the U.S., making $64.9 million in 2012, a second-highest sum for a U.S. CEO serving at a public company.
That’s according to a report on Bloomberg, which notes that a vast majority of Kotick’s pay increase came from $55.9 million in stock awards, which will vest over the next five years. His total cash salary for 2012 was inline with his previous earnings: $8.33 million.
Activision’s report states that Kotick exceeded his performance goals on operating income, diluted earnings per share, and free cash flow. Kotick did not meet his target in the expansion of profit margins, however.
The Activision CEO will receive another $16 million if he steers Activision towards its highest performance targets in 2013.