Coca-Cola Bottling CEO Harrison Earned Less in 2017

3/26/18

The chief executive officer of Coca-Cola Bottling Co. Consolidated made 2 percent less in 2017 than in 2016, according to a filing Monday with the Securities and Exchange Commission.

J. Frank Harrison III, who serves as both the company’s CEO and chairman, made $11.12 million in 2017. In 2016, the executive earned $11.36 million.

His base salary remained fairly constant, increasing by just more than $50,000, from $1.04 million to $1.10 million.

The slight decrease in overall pay came in the form of a decrease in stock awards and in his non-equity incentive plan compensation.

In 2017, Harrison made $6.98 million in stock awards, a near 2 percent decrease from a 2016 amount of $7.12 million.

Likewise, the executive’s incentive plan fell nearly $200,000, totaling $1.02 million in 2017, a 15.5 percent decrease from the $1.21 million he made in his non-equity incentive plan in 2016.

The company’s stock, which operates under the ticker COKE on the NASDAQ, closed Friday at a price of $169.59 per share. It opened Monday at $171.71 per share.

Coca-Cola Bottling is independent of The Coca-Cola Co., which is headquartered in Atlanta and operates on the New York Stock Exchange.

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