Ally Bank 2011 Annual Report Download - page 250

Table of Contents
Ally Financial Inc. • Form 10−K
Summary Compensation Table
The following table shows compensation for any person serving as principal executive officer or principal financial officer during 2011, as well as
Ally's next three most highly compensated executive officers.
Name and principal position Year Salary ($) (a) (b)
Stock
awards
($) (c) (d) (e)
All other
compensation
($) (f) Total ($)
Michael A. Carpenter 2011 — 9,500,000 43,077 9,543,077
Chief Executive Officer 2010 186,346 9,708,750 29,958 9,925,054
2009 119,726 682,438 35 802,199
Jeffrey J. Brown 2011 600,000 3,743,678 29,609 4,373,287
Senior Executive Vice President of Finance and Corporate
Planning 2010 500,000 3,750,000 38,908 4,288,908
Thomas Marano 2011 600,000 7,403,449 31,450 8,034,899
Chief Executive Officer, ResCap, and Chief Capital Markets
Officer 2010 500,000 6,906,250 26,785 7,433,035
2009 2,419,231 3,223,108 51,994 5,694,333
Barbara Yastine 2011 600,000 4,587,357 27,950 5,215,307
Chief Administrative Officer
William Muir 2011 509,000 3,147,280 30,595 3,686,875
President
James G. Mackey 2011 550,000 2,305,738 29,653 2,885,391
Chief Financial Officer 2010 475,068 1,922,951 21,604 2,419,623
(a) Amounts represent the cash portion of the base salary earned from each executive's employment commencement with Ally. These dates are: November 15, 2009, for Mr. Carpenter
and May 1, 2009, for Mr. Marano. Mr. Mackey was named CFO on June 1, 2011. The amounts shown as salary do not include the DSU award values that are part of the executive's
base salary and are shown as stock awards in this table.
(b) For 2010, represents the amount of Mr. Carpenter's compensation that was paid in cash prior to March 23, 2010, when his compensation structure changed to be fully based on
long−term equity of the Company.
(c) The 2011 total represents the grant date fair value of the Ally DSU and IRSU awards granted in 2011 and is not necessarily the cash payment received. The amounts for each NEO
for 2011 are displayed in the following table.
Name DSU ($) IRSU ($) Total ($)
Michael A. Carpenter 8,000,000 1,500,000 9,500,000
Jeffrey J. Brown 2,350,000 1,393,678 3,743,678
Thomas Marano 4,735,633 2,667,816 7,403,449
Barbara Yastine 2,858,238 1,729,119 4,587,357
William Muir 1,931,520 1,215,760 3,147,280
James G. Mackey 1,353,825 951,913 2,305,738
(d) The 2010 total represents the grant date fair value of the Ally DSU and IRSU awards granted in 2010 and is not necessarily the cash payment received. The amount for
Mr. Carpenter includes $395,096 of IRSU awards that were granted in January 2010 for performance in 2009, as per the SEC rules. The amounts for each NEO for 2010 are
displayed in the following table.
Name DSU ($) IRSU ($) Total ($)
Michael A. Carpenter 7,813,654 1,895,096 9,708,750
Jeffrey J. Brown 2,350,000 1,400,000 3,750,000
Thomas Marano 4,437,500 2,468,750 6,906,250
James G. Mackey 1,119,964 802,987 1,922,951
(e) The 2009 total represents the grant date fair value of the Ally DSU and IRSU awards granted in 2009 and is not necessarily the cash payment received. The amount for
Mr. Carpenter does not include $395,096 of IRSU awards that were granted in January 2010 for performance in 2009 and were included in the 2010 total, as per the SEC rules. The
Restricted Stock Unit (RSU) value shown for Mr. Marano represents the grant date fair value of his RSU awards granted in 2009. Subsequent to the grant, RSU awards with a fair
value of $671,135 were vested and settled, and RSU awards with a fair value of $2,013,407 were converted to IRSU awards with the original RSU grant date. Based on TARP
restrictions, a portion of Mr. Marano's IRSU awards were converted to DSU awards in December 2010. The balances below have been restated to include this conversion. The
amounts for each NEO for 2009 are displayed in the following table.
Name RSU ($) DSU ($) Total ($)
Michael Carpenter — 682,438 682,438
Thomas Marano 2,569,246 653,862 3,223,108
(f) See the All Other Compensation in 2011 section for further details.
247