L. Patrick Hassey, outgoing chairman and CEO of Allegheny Technologies Inc. had his total compensation jump 75 percent to $18.2 million last year from $10.4 million in 2009, according to proxy materials filed Wednesday.
The main difference was that the present value of his pension benefits increased to $3.2 million last year from $352,744 in 2009, and the value of his restricted stock jumped to $7.8 million from $5.2 million. The CEO received a $693,206 cash bonus last year, but none in 2009. His salary rose slightly to $937,300. Hassey is retiring from the company on May 1.
The specialty steelmakers' annual shareholder meeting will be held at 11 a.m. April 29 at the Omni William Penn Hotel, Downtown.
