AutoNation Inc. (AN) Chairman and Chief Executive Mike Jackson's received total compensation for 2010 valued at $6.8 million, up 31% from the prior year.
The increase was largely due to higher nonequity incentive plan compensation, which rose to $2.9 million from $1.7 million.
The car-dealership chain has been benefiting from a rebound in the auto industry. Last month, it reported a better-than-expected increase in profit on higher sales of both new and used vehicles.
Shares closed Wednesday up 1.1% at $33.38 in trading before the close. The stock has risen 69% in the last year, outperforming the wider market's gains.
-By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; firstname.lastname@example.org