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A spokesman for Ford, Mark Truby, said Mr. Mulally's options award was based on Ford's long-term performance.
If chief executives received their options award on the absolutely best day of the year for eight years running, that data would probably be quite conclusive.
A particularly important change will make it more likely for shareholders to learn when one executive is given a huge options award.
An options award for 419,200 shares granted to Mr. Armstrong at the end of 2000 was also tied to better performance.
For example, James M. Cracchiolo, the C.E.O. of Ameriprise Financial, received an options package worth $9.1 million in 2009, nearly identical to the value of his options award in 2008.
The estimated value of his 2009 options award — $3.6 million — was one-third more than the one in 2008, but the number of underlying shares jumped from 270,000 to 664,461.
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First, it spread options awards over several years based on when the options vested.
Perhaps none more so than the billions of dollars of share options awarded to bosses and other employees.
Apple, which makes computers and iPods, revealed in June that some options awarded to employees might have been mishandled.
The main driver behind the raise for the executive, Kenneth I. Chenault, was an increase in the stock and options awards.
But options overall have come under attack, in as much as options awarded at a prevailing share price should still grow in value with retained earnings.
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