By Christina Rogers 

Ford Motor Co. Chief Executive Mark Fields earned $18.6 million in 2014, mostly in stock compensation and other incentives, capping his first year on the job leading the world's second largest U.S. auto maker.

Alan Mulally, who retired last year as chief executive, received a $22 million pay package, including $3.2 million under the auto maker's incentive bonus plan, the company said Friday in its proxy statement.

Ford Executive Chairman Bill Ford was awarded $15.1 million in compensation last year.

Write to Christina Rogers at christina.rogers@wsj.com

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