The chief executive officer for Harley-Davidson Inc. received compensation last year that the motorcycle maker valued at almost $4.1 million, a 4 percent drop from the previous year, the Associated Press reported April 1.
Jim Ziemer’s compensation included $875,534 in salary, according to Harley-Davidson’s proxy statement filed with the Securities and Exchange Commission. That’s a slight increase from the base salary of $824,551 he received in 2006. That year, his total compensation was valued at about $4.25 million.
In the filing, H-D said no executives received bonuses because they did not meet performance incentive targets. The company’s profit fell about 10 percent in 2007.
In 2007, Ziemer also received $76,011 in other compensation, including a cash payment of $29,600 in lieu of other perks.
He also recieved stock and option awards with an estimated value of $3.14 million at the time they were granted, an increase from $2.36 million in the prior year.
The Associated Press calculations of total pay include executives’ salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year.