Andrew Duff, chairman and CEO Total compensation: $2,175,560 for the year ended Dec. 31, 2008
Salary: $400,000
Other compensation: $585,470
Value realized on vesting shares: $1,190,090
New stock options: 32,149
Total 2008 return to shareholders: 14.2 percent
Note: Base salaries for Duff and other named executive officers were not increased for 2009 and none received an annual incentive award for 2008 performance. Duff's other compensation includes a cash payment dating back to Piper's spinoff from U.S. Bancorp in 2003. The company also discontinued its $2,880 per year parking stipend for Duff and others.
![Attendees of Frostbike made their way through the convention Saturday at the Quality Bike Products campus in Minneapolis. ] (AARON LAVINSKY/STAR TRIBUNE) aaron.lavinsky@startribune.com Frostbike 2016 was held at the Quality Bike Products Campus on Saturday, Feb. 27, 2016 in Bloomington, Minn.](https://arc.stimg.co/startribunemedia/NH2BSHB74ND2V6GF2G2HI5X4MM.jpg?&w=252&ar=3:2&fit=crop)
