BB&T Corp. Chief Executive Officer Kelly King received a 9.1 percent increase in total compensation in 2017, according to a filing with the Securities and Exchange Commission.

Kelly S. King, who serves as both CEO and chairman, earned $12.67 million in compensation for the 2017 financial year. In 2016, King made $11.61 million. He has been CEO of the company since 2009.

The increase primarily comes in the form of stock awards, which King made $1.01 million more of in 2017 compared to the prior year. King’s base salary of $1.075 million is identical to his 2016 salary.

In mid-January 2018, King sold $1.6 million worth of stock while giving away $1.26 million in stock as well, a story NC Biz News covered.

Excluding merger-related and restructuring charges and selected items, BB&T’s adjusted diluted earnings per share was $3.14 for 2017, up 9.4 percent compared to $2.87 per share for 2016.

Additionally, President and COO Christopher L. Henson received a 24.6 percent increase in total compensation in 2017 to $7.19 million.

While Henson’s base salary remained the same at $700,000, his stock awards increased to $1.5 million from $863,971 in 2016.

The stock price of the company, which trades on the New York Stock Exchange under the ticker BBT, presently closed Friday $54.29 per share, a 69-cent increase, or 1.29 percent.

Winston-Salem-based BB&T has more than 2,000 branches in 15 states and the District of Columbia. It had $221.6 billion in assets and market capitalization of $38.9 billion as of Dec. 31, 2017.

The filing can be found here.