After a year of record results in a resurgent dry bulk market, Eagle Bulk Shipping chief executive Gary Vogel saw his overall compensation package for 2021 double compared to the previous year.

Vogel saw total pay of $3.4m, against 2020 compensation of $1.68m, according to a proxy form filed on Wednesday with US securities regulators.

Most of the difference came in stock-based awards and a cash bonus, as Vogel’s base salary of $678,410 was virtually unchanged from the prior year.