Leidos Holdings Inc. (NYSE: LDOS) CEO Roger Krone saw his pay package increase about 21 percent in 2016 from 2015, according to proxy materials filed Wednesday with the Securities and Exchange Commission.
The pay bump came at a pivotal time for the Reston-based government services firm. This was the year that Leidos formally merged with a government IT spinoff of Bethesda-based defense giant Lockheed Martin Corp. (NYSE: LMT) — doubling the size of the company to $10 billion in annual revenue — in August.
Krone’s total compensation package totaled $7.9 million, including a $988,462 base salary, $5.2 million in stock and option awards, a $1.638 million bonus and $19,698 in “all other compensation” — which is primarily made up of payments to a company retirement plan.
This total pay package is a rather significant increase from 2015, when Krone brought in $6.5 million.
Filings indicate that Krone’s bonus — as part of the company’s annual cash incentive program — was determined…
