United Parcel Service Inc. Chief Executive David P. Abney's total compensation for 2015 rose 35%, driven by big increases in base pay and stock awards.

Over all, Mr. Abney's compensation for the 12-month period ended Dec. 31 rose to $11.3 million from $8.4 million, with his base pay increasing 51% to $1 million.

Meanwhile, Chief Financial Officer Richard N. Peretz, who assumed his post on July 1, received $1.5 million in total compensation, including a base salary of $382,431.

Kurt P. Kuehn, who retired as CFO effective July 1, received $4.8 million in total compensation including $381,327 in base pay and a $1 million cash bonus that was paid in September, when he left UPS.

The delivery giant, which had struggled in the past two holiday seasons, last month reported that profit nearly tripled in the fourth quarter, and it projected strong results for 2016 on sustained e-commerce demand.

Write to Maria Armental at maria.armental@wsj.com

 

(END) Dow Jones Newswires

March 14, 2016 17:35 ET (21:35 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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