The president and CEO of drug distributor AmerisourceBergen Corp. received a compensation package valued at $5.5 million in 2009, up 3 percent from the year before, according to Associated Press calculation of figures filed with regulators Tuesday.
The Chesterbrook-based company said R. David Yost's salary rose by 4 percent, to $1.2 million, and his performance-based cash bonus grew 11 percent to $3 million. However the value of his stock and options on the dates they were granted dropped 16 percent to $1.1 million.
The value of Yost's other compensation edged up 3 percent to about $134,000. Most of that total came from his supplemental 401(k) plan, which was valued at about $93,000.
Yost, 62, has been AmerisourceBergen's CEO since 2001, and its president since September 2007.
For the fiscal year ended Sept. 30, the company's operating profit grew 7 percent due to lower expenses and better profit margins. Revenue rose 2 percent to $71.76 billion.
The Associated Press formula is designed to isolate the value the company's board placed on the executive's total compensation package during the last fiscal year. It includes salary, bonus, performance-related bonuses, perks, above-market returns on deferred compensation, and the estimated value of stock options and awards granted during the year.