Marissa Mayer, president and CEO of Yahoo. REUTERS/Elijah Nouvelage Yahoo CEO Marissa Mayer's total compensation was worth $36 million last year, down $6 million, or 15% from the year before, according to regulatory filings on Friday.

Most of the cuts came from her option awards, which went down roughly $9 million from the previous year, largely because of the 15% drop in Yahoo's stock price over the past year.

Her base salary remained the same at $1 million, as nearly all of her pay is tied to performance-related stock awards.

Still, her 2015 compensation is much higher than what she made two years before that, when her total pay was worth about $25 million.

The filings also pointed out that the actual value realized from Mayer's compensation was significantly lower than the reported $36 million amount. Because of the drop in Yahoo's stock value and various vesting schedules, Mayer was able to make only about $14 million, or 39% of the total compensation package, it said.

Besides her annual compensation, the filings also noted that Mayer would be entitled to a pay package worth $55 million if she loses her job due to a change in ownership at Yahoo. Nearly $50 million of the payout would be tied to stock options, it said.

Given all the noise and pressure around the company, Mayer's compensation might seem relatively high. Salesforce CEO Marc Benioff, for example, was paid around $33 million in 2015 while keeping his company's market value at $50 billion — much higher than Yahoo's $35 billion market cap.

Yet Benioff had to take a pay cut after hearing complaints from some shareholders about his hefty pay package. Mayer, however, received an 85% approval from Yahoo shareholders, according to the fillings.