Mary Barra,General Motors' new chief executive officer and the auto industry's first female CEO, will be paid up to $4.4 million in cash and stock compensation this year, GM disclosed in a federal filing on Friday.
The package for Barra, who assumed her new role on Wednesday, does not include what she and other executives will receive under the long-term compensation plan, which is subject to shareholder approval in June. GM will disclose those details in April.
The No. 1 U.S. automaker revealed in documents filed with the U.S.Securities and Exchange Commission that Barra, 52, will receive an annual cash base salary of $1.6 million. She also will be eligible for $2.8 million under the company's short-term incentive plan.
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GM has not yet disclosed what former CEO Dan Akerson was paid in 2013, but the previous year he was paid $11.1 million, including $1.7 million in cash and $7.3 million in stock and other incentives.The 2012 figure also reflected $2 million in restricted stock units that he received in 2011.