Red Hat, the Raleigh software company with a booming business, gave its top executives modest annual raises this week.
CEO Jim Whitehurst's base salary rose to $775,000, for example, a 3 percent increase, Red Hat reported in a Securities and Exchange Commission filing today. Chief financial officer Charlie Peters and others got similar raises.
The base salaries are just a small part of the executives' total compensation. Whitehurst also could receive a bonus of up to $775,000 if Red Hat meets various financial and other goals, plus other pay.
Last year, Whitehurst made $8.97 million, including $7.16 million in stock awards, Red Hat disclosed in a previous SEC filing. That made him one of the Triangle's highest paid CEOs.