Peabody Energy CEO receives pay package of $11.4 million in 2009, up 52 percent from 2008

Pay of Peabody CEO jumps 52 pct. to $11.4M in 2009

ST. LOUIS — Peabody Energy Chairman and CEO Gregory Boyce received compensation of $11.4 million last year, a 52 percent increase for an executive whose salary has tripled since 2006, according to an Associated Press analysis of a regulatory filing.

Boyce received a salary of $1.1 million, $2.2 million in incentives and stock options and restricted stock worth $8 million when they were granted, nearly double the $4.2 million he received in similar awards in 2008.

The AP’s executive pay calculation, based on a regulatory filing, aims to isolate the value the company’s board placed on the CEO’s total compensation package. The figure includes salary, bonus, incentives, perks and the estimated value of stock options and awards.