His total annual payout included a $1.8 million base salary and $12.7 million in stock awards, along with about $3.2 million in other compensation, according to public filings posted Friday.
Hackett said in a recent call with investors that 2018 was a "challenging year" that was "full of headwinds." But he also positioned it as a turning point.
Ford praised Hackett's leadership in the filing, saying he is "equipped to lead the Company's commitment to becoming the world's most trusted company, designing smart vehicles for a smart world that help people move more safely, confidently, and freely."
Few on Wall Street doubt that the company needs to shake things up.
Hackett became CEO of Ford in May 2017 amid mounting financial pressures. Ford's stock is up more than 10% so far in 2018, though it's still down more than 40% compared to five years ago.
Ford Executive Chairman Bill Ford, the great-grandson of company founder Henry Ford, has also pushed for development of a new generation of electric and self-driving cars.
Bill Ford was the second-highest compensated executive at Ford last year with a total payout of $13.8 million.