New York City Michael J. Kowalski, the CEO of jewelry retailer Tiffany & Co., received compensation the company valued at $6.2 million, up 48% from a year ago, when Kowalski declined to take a performance-based bonus.
Kowalski received a base salary of $997,315 and a performance-based bonus of $2 million. He also received stock and option awards the company valued at $3.1 million on the day they were granted.
Kowalski, who became CEO in 1999, received other compensation totaling $168,270, including $147,072 for a life insurance premium, $14,298 for a disability insurance premium and $6,900 for a 401(k) matching contribution.
A year ago, Kowalski's total compensation packaged was valued at $4.2 million.