Starbucks CEO's 2015 Total Pay Valued at $20.1 Million

Starbucks Corp. Chief Executive Howard Schultz's total compensation was valued at $20.1 million for fiscal 2015, down from $21.5 million a year earlier.

Starbucks said in its proxy filing that Mr. Schultz and other top executives earned awards above their targets in the executive management bonus plan because of the company's strong performance.

For the year ended Sept. 27, 2015, Starbucks posted a 35% increase in earnings per share, as revenue rose 17% to $19.16 billion.

Last week, Starbucks said investments in mobile technology and strong sales of Christmas merchandise helped the coffee chain post better-than-expected first-quarter earnings. But its outlook for the current quarter disappointed investors.

Mr. Schultz's non-equity incentive plan compensation rose to $4 million from $2.9 million. His base salary remained at $1.5 million. The other major compensation components were $7.5 million of stock awards and $6.9 million of option awards.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

January 25, 2016 19:05 ET (00:05 GMT)

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