WASHINGTON (AP) - The chairman, president and chief executive of Ingersoll-Rand Co. received 2007 compensation valued at $10.6 million, a 4.4-percent increase over the year before, according to a regulatory filing yesterday.

The Bermuda-based diversified industrial company paid Herbert Henkel $1.23 million in base salary, up 2.6 percent from $1.2 million in 2006, along with a performance-based bonus of $3 million, down 46 percent from $5.5 million last year.

Mr. Henkel, 59, also received stock and option awards valued at $5.9 million on the day they were granted, more than double the total of $2.7 million from the year before.

In addition, Mr. Henkel received 'other compensation' totalling $444,790, down 37 percent from $702,934 in 2006. The 2007 figure included a contribution to Mr. Henkel's executive savings plan worth $193,875, along with assorted perquisites totalling $211,722, which included travel on company-provided aircraft, the use of a company-leased automobile and financial planning services, the company said.

Mr. Henkel's total pay package in 2006 was valued at $10.2 million.

The Associated Press' total pay calculations include executives' salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year. The calculations do not include changes in the present value of pension benefits, and they sometimes differ from the totals which companies list in the summary compensation table of proxy statements filed with the Securities and Exchange Commission.