Special GM Stock Option Hikes CEO Barra’s Pay 77%

General Motors Co. says a one-time stock option grant boosted its compensation package for CEO Mary Barra for 2015 by as much as 77% to $28.6 million.

Barra’s actual payout last year came to $7.3 million, which included $1.8 million in salary, incentives and previous stock awards that vested in 2015.

Last year she also qualified to receive $12 million in stock that will vest over three years if GM meets various performance goals. She was granted an additional $11.1 million in stock options, 60% of which will begin to vest in 2018 if GM meets or exceeds the average stock performance of a basket of other auto companies.