Meredith Corp. Chairman and CEO Steve Lacy received an incentive award of $2.1 million for the company’s 2010 fiscal year, according to the Des Moines-based communication company’s most recent proxy statement.

The Meredith board of directors had set a target award of $925,000 for Lacy, equal to 100 percent of his salary in fiscal 2010, which ended June 30. His actual award equaled 227 percent of that target after he was evaluated with these weightings: corporate earnings per share, 55 percent; operating cash flow, 25 percent; and individual performance, 20 percent.

The company goals for earnings per share were 64 cents for the first half of the fiscal year and $1.22 for the final six months; the actual results were 83 cents and $1.40. The operating cash flow targets were $50 million and $95 million; the actual figures were $55.9 million and $107.1 million.