Filing Details Fluor Chairman’s Pay

Fluor Corp. gave Philip J. Carroll Jr. $10.8 million of cash, restricted stock and options in July when he became chairman and chief executive of the Irvine-based construction and engineering firm, which is one of the world’s largest. Carroll, 61, was granted a $750,000 cash signing bonus, restricted stock worth $6.8 million and options valued at $3.2 million, according to a proxy filing with the Securities and Exchange Commission. Carroll headed Shell Oil Co., the U.S. arm of the Royal Dutch/Shell Group of companies, from 1993 until last June, when he reached Shell’s retirement age. Fluor hired him at a salary of $900,000 and a target bonus of $825,000, with the possibility of a bonus of double the target figure. In addition, he will get a deferred bonus of $100,000 each year under his contract, the filing said. Fluor stock fell 94 cents to close at $36.94 on the NYSE.