CEOs' wallets are turning into one of the biggest winners from the rising stock market, with the top 10 payouts hitting a record $4.7 billion, and they're likely to get even fatter next year.
By cashing in lucrative stock options they got when stocks were beat up, CEOs saw their total 2012 "realized" pay jump by a median 8.5%, according to a comprehensive look at money paid to 2,259 CEOs who have served at least the last two years to be released by GMI Ratings Tuesday. The number includes base salary paid to CEOs, in addition to the value of options granted in previous years that CEOs sold in 2012.
CEO pay measured this way jumped for the third straight year, following double-digit percentage gains in 2010 and 2011, GMI found.
(Read more: SEC to CEOs: Show your pay: Report)