IBM CEO’s pay ticked higher in 2009 to $21.2 million, according to AP calculations

IBM CEO’s pay ticked higher to $21.2M in 2009

SAN JOSE, Calif. — Calculations by The Associated Press show the pay package for IBM’s CEO notched slightly higher in 2009.

Sam Palmisano got a pay package that the company valued at $21.2 million, which was up from $21.0 million a year earlier, according to AP’s calculations based on pay data in IBM’s proxy document filed Monday with regulators.

Palmisano was rewarded for a year in which the technology company wrung out big profit gains despite a rocky market that clipped sales.

The AP’s calculations of executive pay sometimes differ from the totals the companies list in the summary compensation table of their proxy statements filed with the SEC.