UPDATE 3-Wal-Mart CEO pay down a year after stock award

* CEO Michael Duke compensation about $19 mln in FY 10

* Wal-Mart shares up 0.4 percent
(Adds 2010 earnings, stock move)

CHICAGO, April 19 (BestGrowthStock) – Wal-Mart Stores Inc (WMT.N: )
CEO Michael Duke received a compensation package worth a bit
more than $19 million in the fiscal year ended in January, down
from $28.2 million a year earlier when he received a big stock
award related to his promotion to chief executive.

Duke replaced Lee Scott, who retired as CEO as of Jan. 31,
2009. His salary was $1.2 million in the latest fiscal year,
according to the annual proxy statement of the world’s largest
retailer, up from $1.1 million a year earlier.

He received stock awards of $12.7 million, down from $23.7
million a year earlier. He also received non-equity incentive
payments of $4.8 million in fiscal 2010 and $3.1 million in
fiscal 2009.

In fiscal 2009, Duke received $11.4 million in one-time
stock awards that will vest over the next several years,
Wal-Mart spokesman Greg Rossiter said, adding that without the
award, Duke’s compensation rose to about $19.2 million in
fiscal 2010 from about $17 million in fiscal 2009.

The reporting of the fair value of stock awards in the year
in which they are awarded is required by changes in Securities
and Exchange Commission rules.

In fiscal year 2010, Wal-Mart’s earnings per share rose 7
percent to $3.66.

Wal-Mart also said that former PepsiCo (PEP.N: ) Chairman and
CEO Steven Reinemund, 62, has been nominated to the company’s
board of directors. Former J.C. Penney Co Inc (JCP.N: ) CEO Allen
Questrom, 70, decided to retire from the board, Wal-Mart said.

Wal-Mart shares rose 23 cents to $54.34 on the New York
Stock Exchange early Monday afternoon.

(Reporting by Brad Dorfman; Editing by Phil Berlowitz,
Richard Chang and Robert MacMillan)

UPDATE 3-Wal-Mart CEO pay down a year after stock award