Aetna Inc. CEO Mark T. Bertolini saw his 2011 pay package increase 20 percent in his first full year as the chief executive of the Hartford health insurer, regulatory filings show.
Bertolini's total $10.6 million payout in 2011 included a $1 million base salary, $2 million cash bonus, and $7.3 million in stock awards, according to a regulatory filing published Monday with the U.S. Securities and Exchange Commission.
In 2010, when Bertolini took over the CEO reins in November of that year, the Aetna chief executive had a total pay package of $8.8 million.
In 2011, Aetna earned $1.98 billion in profits, a 12 percent increase from the prior year. The company's stock price increased nearly 40 percent in 2011 to $42.02 from $30.04.