AOL CEO Tim Armstrong Sees Huge Pay Cut

He received less stock options and awards this year


tim armstrong aol ceoLast year, AOL (AOL) CEO Tim Armstrong took home a lot less money compared to the prior year. The news didn’t seem to bother AOL shareholders. AOL stock rose more than 3% in Tuesday morning trading.

In 2012, AOL’s CEO received total compensation of $12.1 million. That package included $7.8 million in stock awards and options. Last year, Tim Armstrong’s overall pay package fell 46% to $6.48 million, Bloomberg notes.

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Armstrong’s 2013 compensation comprised $3.3 million in stock awards and options, $2.17 million in non-equity incentives, and a $1 million salary. Last year, the AOL CEO received just $1.04 million in stock option awards, compared to $5.05 million in the previous year.

Since AOL separated from Time Warner (TWX) in 2009, AOL stock has grown 70%.

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