The chief executive officer of Extended Stay America made 85 percent less in 2017 compared to 2016, according to a filing with the Securities and Exchange Commission.

Gerardo I. Lopez, who also serves as the company’s president, made $2 million in 2017 after making $13.9 million in 2016. In 2015, the CEO made just less than $5.3 million.

The change comes almost entirely in the form of stock awards. In 2017, Lopez earned no compensation through stock awards. In 2016, he earned $12 million in stock awards. In 2015, he racked up $4.4 million in stock awards.

His $1.03 million salary remained constant from 2016 to 2017, though his non-equity incentive plan increased 19 percent, rising to $905,000 in 2017 from $762,000 one year prior.

Extended Stay America will hold its annual meeting of shareholders on May 16 at 8 a.m. in Suite 100 of the Everett Building, located at 11525 N. Community House Road in Charlotte.

The company, which operates on the New York Stock Exchange under the ticker STAY, opened and closed Monday at $20.15 per share.

Presently, the price sits at $20.59, a 2 percent increase since Monday.