The $19.1 million that Kay's client NextEra Energy awarded to former CEO Lewis Hay in 2012 included $1.4 million in salary; no bonus but $2.6 million in tax-deductible cash incentive pay, which is otherwise equivalent to a bonus; $5.7 million in retirement savings; and $403,422 in "other compensation," including a leased car, home security, club memberships, medical and life insurance, and personal use of company aircraft. The total also included stock and options valued at $8.9 million. Under current SEC-reporting guidelines, the valuation of a CEO's equity grants are about 15 months old by the time they become public. One benefit of Kay's approach is to give shareholders a more up-to-date reading of executive pay. In years when the stock market booms, and a company's share price rises, the market quote for a CEO's performance pay - calculated at year end - will appear much larger.