At least five of the highest-paid CEOs in the country run companies based in or with a significant presence in Colorado, according to a new analysis from the Wall Street Journal.

The big picture: The majority of chief executives across more than 400 of the nation’s largest companies received year-over-year raises of at least 9% — including several in the Centennial State — as stock awards buoyed the value of compensation packages, per the WSJ.

Half of those business leaders earned at least $15.7 million — a new record for median CEO pay in the annual survey — and several made more than $50 million.

…The Wall Street Journal used information from corporate proxy statements filed through May 16 last year by companies in the S&P 500 index, as collected by MyLogIQ, a provider of public company data and analysis.