PepsiCo Inc gave chief executive officer Indra Nooyi a pay package worth $US14.1 million ($A13.42 million) in 2011, which was relatively flat from the previous year.
The compensation for Nooyi included a salary of $US1.6 million ($A1.52 million), up from $US1.3 million ($A1.24 million) in 2010.
Stock and option awards were about the same at $US9.5 million ($A9.04 million) and her incentive-based bonus was $US2.5 million ($A2.38 million), down from $US3 ($A2.86) million.
PepsiCo determines incentive pay each year with a formula that factors in both company and individual performance metrics.
All other compensation for Nooyi in 2011 came to $US520,000 ($A495,025.94) and covered costs for use of the company aircraft and retirement plans contributions.
The No 2 cola company, based in Purchase, NY, has faced investor dissatisfaction in recent years over its underperforming stock price and slipping market share to rival Coca-Cola Co. That has led to ongoing speculation that Nooyi would step down.
The rumours escalated earlier in March when the company restructured its management bench to deepen its lineup of potential successors to Nooyi.
PepsiCo put long-time executive John Compton, who headed the company's Americas food division, in charge of all global marketing and operations in the newly created role of president.
It also hired back former executive Brian Cornell, who had been serving as president and CEO of the Sam's Club division of Wal-Mart Stores Inc Compton, Cornell and Zein Abdalla, who heads PepsiCo Europe, are seen as the most likely internal candidates to replace Nooyi.
For the time being, Nooyi has called 2012 a "transitional year" for PepsiCo, with the company looking to burnish its global brand by boosting its marketing and advertising budget by up to $US600 million ($A571.18 million).
A new mid-calorie soda called "Next" is also set to hit store shelves this week, marking the company's biggest beverage launch in years.
Still, PepsiCo continues to struggle with an uncertain economy and higher costs for the commodities used in its drink and snack foods. As such, PepsiCo this year plans to trim about three per cent of its global workforce of 300,000.
The company also says it expects adjusted earnings for 2012 to fall five per cent amid the changes it is implementing and then rise in the single digits after that. Last year, PepsiCo's net income rose two per cent.
The Associated Press formula calculates an executive's total compensation during the last fiscal year by adding salary, bonuses, perks, above-market interest the company pays on deferred compensation and the estimated value of stock and stock options awarded during the year.
The AP formula does not count changes in the present value of pension benefits, which makes the AP total slightly different in most cases from the total reported by companies to the Securities and Exchange Commission.
The value that a company assigned to an executive's stock and option awards for 2011 was the present value of what the company expected the awards to be worth to the executive over time.
Companies use one of several formulas to calculate that value. The number is just an estimate and the amount an executive ultimately receives will depend on the performance of the company's stock.
Most stock compensation programs require an executive to wait a set time to receive shares or exercise options.
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