Alaska Airlines and Horizon Air 2014 Annual Report Download - page 47

2014 Director Compensation
The following table presents information regarding the compensation paid for 2014 to members of the
Board of Directors who are not also the Company’s employees (non-employee directors). The
compensation paid to Mr. Tilden, who is also an employee, is presented in the Summary Compensation
Table and the related explanatory tables. Mr. Tilden does not receive additional compensation for his
service as a director. Mr. Langland and Mr. Mallott resigned from the Board of Directors in May and
December 2014, respectively.
Name
(a)
Fees
Earned
or Paid
in Cash(1)
($)
(b)
Stock
Awards(2)
($)
(c)
Option
Awards(2)
($)
(d)
Non-Equity
Incentive Plan
Compen-
sation(2)
($)
(e)
Change in
Pension Value
and
Non-qualified
Deferred
Compen-
sation
Earnings(2)
($)
(f)
All Other
Compen-
sation(3)
($)
(g)
Total
($)
(h)
Patricia M. Bedient 63,092 74,908 0 0 0 855 138,855
Marion C. Blakey 50,092 74,908 0 0 0 545 125,545
Phyllis J. Campbell 60,092 74,908 0 0 0 9,482 144,482
Dhiren R. Fonseca(4) 22,501 37,499 0 0 0 545 60,545
Jessie J. Knight, Jr. 45,092 74,908 0 0 0 1,742 121,742
R. Marc Langland(5) 0 0 0 0 0 3,936 3,936
Dennis F. Madsen 45,092 74,908 0 0 0 5,297 125,297
Byron I. Mallott(6) 45,092 74,908 0 0 0 7,888 127,888
Helvi K. Sandvik 45,092 74,908 0 0 0 3,824 123,824
Katherine J. Savitt(4) 22,501 37,499 0 0 0 545 60,545
J. Kenneth Thompson 50,092 74,908 0 0 0 9,225 134,225
Eric K. Yeaman 45,092 74,908 0 0 0 3,148 123,148
(1) Directors received an annual cash retainer of $43,000. In addition, the compensation for non-employee
directors included the following:
• an annual retainer of $10,000 to the Lead Director, who is also the Governance and Nominating
Committee chair;
• an annual retainer of $18,000 to the Audit Committee chair and $8,000 each to the Compensation and
Leadership Development, Governance and Nominating, and Safety Committee chairs;
• an annual retainer of $1,000 to non-employee directors for service on the board of Alaska Airlines and
$1,000 for service on the board of Horizon Air;
• reimbursement of expenses in connection with attending board and committee meetings as well as
expenses in connection with director education.
(2) Under the terms of the Company’s Stock Deferral Plan for Non-Employee Directors each board member may
elect in the prior year to receive his or her annual award in the form of fully vested shares at the time of grant
or to defer payment of all or a portion of the award until his or her termination of service on the Board. If no
election is made the year prior to payment, common stock is issued.
In 2014, Ms. Blakey, Mr. Mallott, Ms. Sandvik and Mr. Yeaman were each granted 1,582 deferred stock units
(DSUs), based on their elections to defer made in 2013. Ms. Bedient, Ms. Campbell, Mr. Knight,
ŠProxy
DIRECTOR COMPENSATION 35