ANNAPOLIS, MD — Colfax Corp president and chief executive officer Matthew Trerotola received $11.9 million in compensation in 2016, down from $17.5 million in 2015.

Trerotola, who has been CEO since 2015, saw his base salary more than double between 2015 and 2016, from $426,923 to $1 million. Trerotola received $1 million bonuses in 2015 and 2016 as two of the three scheduled payouts of his cash signing bonus.colfax-squarelogo-1399570218633

Trerotola received less in stock and option awards for 2016. In 2015, he took home $8.3 million in stock awards and $6.5 million from option awards. Last year, he took home $3.06 million and $5.5 million in stock and options, respectively.

Trerotola also received $334,937 in all other compensation, including an $18,574 auto allowance and $188,094 in aircraft usage.

Senior vice president and Chief Financial Officer Christopher Hix earned $2.7 million since joining Colfax in June. His hiring package included $1.2 million in option awards. Hix’s predecessor earned $752,458 for the year. 

Daniel Pryor, executive vice president of strategy and business development, saw his total compensation decrease by nearly $5 million. That $5 million came from stock and option awards in 2015. Without those awards in 2016, his total compensation fell to $902,360.

The form 14A can be found here.

This story is from the Maryland Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism