In 2011, he received $375,000 in base salary and an additional $52.6 million in stock, with $236,000 tacked on as a non-equity incentive plan.
In 2012, he earned a higher base salary of $1.5 million and $388,000 in "other compensation."
But, he's not getting any more stock, dropping his total annual compensation from about $53.3 million to around $1.9 million.
Sure, the bulk of that stock award was probably part of his signing bonus. Regardless, his 2012 package represents a 97 percent drop from a year ago.
The other main members of his C-suite — CFO Ken Hannah, COO Michael Kramer, and CTO Daniel Walker — didn't receive any stock awards either.
Johnson missed out on a lot of his incentives, and he only received 44 percent of his target cash compensation. His executive team did a bit better, earning 55 percent.
Johnson's in the middle of a massive transformation attempt at the ailing 111-year-old retailer, but so far, sales numbers have been disastrous and some analysts are getting worried about the company's cash flow.
More From Business Insider
- JCPenney Has Color-Coded Employees To Prepare For Future Firings
- Why JCPenney's New Corporate Culture Is Failing
- Veteran Retail Analyst Is Fed Up With JCPenney: 'This Is All A Farce'
- Investment & Company Information