Patrick J. Dempsey, head of Barnes Group Inc., an aerospace manufacturer and distribution firm, made $2.21 million last year, according to federal filings.

The top paid executive at the firm, though, was Gregory F. Milzcik, the chief executive who retired in March. Last year, Milzcik, made $10.63 million, not including $16.22 million in stock awards and options that will provide value in the future and depend on the company's performance.

Milzcik, 54, has led the company since 2006, when he was promoted from head of operations. Since retiring from Barnes, Milzcik has joined the board of Kulicke & Soffa, a semiconductor firm headquartered in Singapore.

During Dempsey's first year as chief executive, he took home 33 percent more than in 2012, when he was chief financial officer of the Bristol-based company.

In addition to the compensation that Dempsey, 49, realized last year, the company also awarded him stock and options currently worth $1.96 million, the ultimate value of which will be determined by how well the company's stock performs.

The Courant calculates compensation as the sum of salary, bonus, value exercised from stock options and vested stock awards, plus other forms of direct pay, such as incentive payments and personal use of corporate aircraft.

From Jan. 1 to Dec. 31 last year, Barnes' stock increased 74 percent, during which time the Dow Jones Industrial Average rose 28 percent. Revenue increased 17.5 percent for the year, and net income rose about 6.6 percent.

The details were contained in Barnes' proxy statement filed with the U.S. Securities and Exchange Commission on Tuesday in advance of a shareholder meeting in May, where votes will be conducted on the election of directors, the company's executive compensation packages, auditor approval and other proposals.

The filing also listed compensation for other key company executives:

— Christopher J. Stephens Jr., chief financial officer, made $1.83 million, not including $1.01 million in stock awards and options that will provide value in the future and depend on the company's performance.

— Claudia S. Toussaint, general counsel and secretary, made $849,162, not including $685,345 in stock awards and options that will provide value in the future and depend on the company's performance.

— Dawn N. Edwards, senior vice president of human relations, made $807,977, not including $552,337 in stock awards and options that will provide value in the future and depend on the company's performance.

— Richard R. Barnhart, president of Barnes Aerospace, made $773,083, not including $419,873 in stock awards that will provide value in the future and depend on the company's performance.