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More: $10M for SAP boss McDermott: proxy

As software sales hit targets

"Business planning software giant SAP hiked the long-term stock options awarded to senior executives in 2015 while the company's board recommended a 5 percent rise in its annual dividend," Reuters reports here. Read SAP's "integrated report" for last year here. 

SAP, headquartered in Germany, says sales are up, so it's paying Newtown Square-based CEO William McDermott more, though not as much as rival U.S. tech CEOs earn: "Chief Executive Bill McDermott received compensation for 2015 including salary, benefits and short- and long-term incentives of 9.28 million euros ($10.40 million), up nearly 15 percent over 2014.," Reuters added.

"McDermott also received restricted stock options under a three-year plan that had a theoretical value of 8.32 million euros at the end of last year but which will fluctuate in price before he is allowed to realize them later in the decade.

"SAP executive compensation, while high by German corporate standards, remains modest compared with U.S. software peers. Silicon Valley rival Oracle Corp paid $53 million each in total compensation to co-CEOs Safra Catz and Mark Hurd during its fiscal year 2015, according to filings."

Reuters says McDermott's contract has been renewed until at least 2021. The company also approved a dividend of 1.15 euros ($1.29) a share, 45% of profits, adding its target is to boost profits until that payout drops to 35%.