WM Wrigley Jr. Co. (NYSE: WWY) president and chief executive William Perez was awarded a 20 percent increase in compensation compared to last year, according to an 8-K filing with the SEC.

The executive earned about $1.4 million in base salary during his first full year as head of the candy-maker along with a non-equity incentive plan of nearly $2 million (although he will defer the receipt of this award), stock and option awards valued at $4.4 million, and $230,522 in other compensation. The company ended up covering a relocation allowance, financial planning services, administrative assistant services, personal use of company aircraft and savings plan matching contributions.

Meanwhile, Wrigley shares have fallen 20 percent from a 52-week high of $69.12 in October while net income rose 19 percent to $2.28 per share on revenues of $5.39 billion.