ADT 2013 Annual Report Download - page 55

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COMPENSATION OF NON-MANAGEMENT DIRECTORS
COMPENSATION OF NON-MANAGEMENT
DIRECTORS
Compensation for our non-management directors consists of an annual cash retainer in the amount of $80,000 per year and an annual equity
award of RSUs with a grant date fair value of approximately $120,000 and a one-year vesting term. In addition, the non-executive chairman of
our Board of Directors receives an additional cash retainer in the amount of $150,000 per year, the chairs of the Audit Committee and
Compensation Committee receive an additional cash retainer in the amount of $20,000 per year and the chair of the Nominating and
Governance Committee receives an additional cash retainer in the amount of $15,000 per year.
The following table sets forth information concerning the fiscal year 2013 compensation paid to our non-management directors.
Name Fees Earned or
Paid in Cash ($) Stock Awards
($) (1)
All Other
Compensation
($) (2)
Total
($)
Thomas Colligan (3) 100,000 180,060 — 280,060
Timothy Donahue 80,000 120,023 266 200,289
Robert Dutkowsky (3) 80,000 180,060 — 260,060
Bruce Gordon 245,000 120,023 — 365,023
Bridgette Heller (3) 80,000 180,060 950 261,010
Kathleen Hyle (3) 80,000 180,060 2,583 262,643
Keith Meister (3)(4) 62,849 150,062 — 212,911
Dinesh Paliwal 100,000 120,023 480 220,503
(1) This column reflects the fair value of the awards granted to our non-management directors calculated in accordance with Financial Accounting Standards Board Accounting Standards
Codification (“FASB ASC”) Topic 718, excluding estimated forfeitures. The fair value of RSUs is computed by multiplying the total number of shares subject to the award by the closing price
of the Company’s common stock on the date of grant. RSUs granted to board members generally vest and the underlying units are converted to shares and delivered to board members on the
first anniversary of the grant date. The value of DEUs granted in connection with dividends paid on the Company’s common stock during fiscal year 2013 are excluded.
(2) This column reflects the value of the discount on security monitoring services provided by the Company, as well as the value of system installation, where applicable.
(3) The value of stock awards includes, in addition to the annual grant awarded to all directors in conjunction with the Company’s Annual Meeting on March 14, 2013, the value of “stub grants”
made to Messrs. Colligan, Dutkowsky and Meister, and to Mses. Heller and Hyle. These stub grants represented pro-rated grants covering the period from the date of their appointments to
the Board until the Annual Meeting.
(4) Mr. Meister resigned from the Board of Directors on November 24, 2013.
The ADT Corporation 2014 Proxy Statement 43
PROXY STATEMENT