Reynolds' Delen made $8.65 million in 2012

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Associated Press

Posted on March 22, 2013 at 11:02 AM

Updated Friday, Mar 22 at 12:01 PM

RICHMOND, Va. (AP) — Reynolds American CEO Daniel Delen received a pay package valued at $8.65 million in 2012, about 2 percent more than the previous year.

That's according to an Associated Press analysis of data filed by the nation's second-biggest tobacco company with regulators Friday.

Delen received a base salary of $1 million and a $1.2 million performance-based bonus. Delen also received stock awards valued at about $6.2 million and other compensation worth $203,312.

The 47-year-old, who has served as CEO since March 2011, received $8.5 million in 2011.

Last year, Reynolds American Inc. saw its profit fall 10 percent to $1.27 billion and its revenue excluding excise taxes decline 3 percent to $8.3 billion.

The AP's calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.

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