SEC Document


Table of Contents

EXECUTIVE COMPENSATION (CONTINUED)

 

 

Grants of Plan-Based Awards For Fiscal 2017

 

        

 

Estimated Possible Payouts
Under Non-Equity Incentive
Plan Awards
(1)

    Estimated Possible Payouts
Under Equity Incentive Plan
Awards
   

All Other
Stock
Awards:
Number
of Shares
of Stock

or Units
(#)

(i)

   

All Other
Option
Awards:
Number of
Securities
Underlying

Options
(#)

(j)

   

Exercise
or Base
Price of
Option

Awards
($/Sh)
(k)

       

  Name

  (a)

  

Grant Date

(b)

 

Threshold
($)

(c)

    Target
($)
(d)
   

Maximum
($)

(e)

   

Threshold
(#)

(f)

    Target
(#) (g)
   

Maximum
(#)

(h)

         

Grant Date
Fair Value
of Stock
and Option

Awards

($)(2)

(I)

 
Frank C. Sullivan    7/25/16                    
   SERP                    
   Restricted Stock(3)                 4,200           214,158  
   Incentive Plan Award     970,000         1,455,000                
   7/17/17 PERS(4)           45,000         60,000       0           0  
     7/17/17 SARs(5)                                                             200,000       55.19       2,580,000  
Ronald A. Rice    7/25/16                    
   SERP                    
   Restricted Stock(3)                 4,389           223,795  
   Incentive Plan Award     730,000         1,095,000                
   7/17/17 PERS(4)           26,250         35,000       0           0  
     7/17/17 SARs(5)                                                             100,000       55.19       1,290,000  
Russell L. Gordon    7/25/16                    
   SERP                    
   Restricted Stock(3)                 4,188           213,546  
   Incentive Plan Award     475,000         712,500                
   7/17/17 PERS(4)             15,000         0           0  
     7/17/17 SARs(5)                                                             30,000       55.19       387,000  
Edward W. Moore    7/25/16                    
   SERP                    
   Restricted Stock(3)                 2,093           106,722  
   Incentive Plan Award     370,000         555,000                
   7/17/17 PERS(4)           11,250         15,000       0           0  
     7/17/17 SARs(5)                                                             30,000       55.19       387,000  
Janeen B. Kastner    7/25/16                    
   SERP                    
   Restricted Stock(3)                 1,697           86,530  
   Incentive Plan Award     310,000         465,000                
   7/17/17 PERS(4)           11,250         15,000       0           0  
     7/17/17 SARs(5)                                                             30,000       55.19       387,000  

 

(1) These columns show the possible payouts for each named executive officer under the Incentive Plan for fiscal 2017 based on the goals set in July 2016. Detail regarding actual awards under the Incentive Plan is reported in the Summary Compensation Table and is included in the Compensation Discussion and Analysis.

 

(2) The values included in this column represent the grant date fair value of restricted stock computed in accordance with ASC 718, except no assumptions for forfeitures were included. A discussion of the assumptions used in calculating the compensation cost is set forth in Note H of the Notes to Consolidated Financial Statements of our 2017 Annual Report to Stockholders.

 

(3) Shares of SERP restricted stock awarded under the 2007 Restricted Stock Plan and 2014 Omnibus Plan. These shares vest on the earliest to occur of (a) the later of either the employee’s attainment of age 55 or the fifth anniversary of the May 31st immediately preceding the date on which the shares of restricted stock were awarded, (b) the retirement of the employee on or after the attainment of age 65 or (c) a change in control with respect to the Company.

 

(4) PERS for which the threshold and maximum number of shares and performance goals with respect to fiscal 2017 were determined in July 2016 and are disclosed herein pursuant to Commission rules.

 

(5) SARs granted pursuant to the 2014 Omnibus Plan. These SARs vest in four equal installments, beginning July 17, 2018.

 

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