Bed, Bath and Beyond 2013 Annual Report Download - page 61

SUMMARY COMPENSATION TABLE FOR FISCAL 2013, FISCAL 2012 AND FISCAL 2011
The following table sets forth information concerning the compensation of the Company’s named executive officers.
Name and
Principal Position
Fiscal
Year
Salary
(1)(2)
($)
Stock
Awards
(3)(4)
($)
Option
Awards
(3)
($)
Change in
Pension Value
and
Nonqualified
Deferred
Compensation
Earnings
($)
All Other
Compensation
($)
Total
($)
Warren Eisenberg
(5) (6)
2013 1,100,000 1,500,023 500,019 — 153,138 3,253,180
Co-Chairman 2012 1,142,308 1,500,033 499,991 — 136,688 3,279,020
2011 1,100,000 1,500,027 500,000 — 115,564 3,215,591
Leonard Feinstein
(7) (8)
2013 1,100,000 1,500,023 500,019 — 163,564 3,263,606
Co-Chairman 2012 1,142,308 1,500,033 499,991 — 145,025 3,287,357
2011 1,100,000 1,500,027 500,000 — 123,264 3,223,291
Steven H. Temares
(9) (10) (11)
2013 3,867,981 6,750,034 6,750,011 1,753,736 22,993 19,144,755
Chief Executive Officer 2012 3,478,846 5,999,994 5,749,992 684,106 22,211 15,935,149
2011 2,894,231 5,225,036 5,000,003 790,392 17,572 13,927,234
Arthur Stark
(12) (13)
2013 1,568,846 1,450,064 600,014 — 14,352 3,633,276
President and Chief 2012 1,513,847 1,350,016 600,003 — 12,262 3,476,128
Merchandising Officer 2011 1,353,558 1,250,004 600,000 — 9,729 3,213,291
Eugene A. Castagna
(14) (15)
2013 1,421,154 1,450,126 600,014 — 16,416 3,487,710
Chief Operating Officer 2012 1,326,923 1,100,010 600,003 — 13,782 3,040,718
2011 1,166,154 1,000,037 600,000 — 15,395 2,781,586
Susan E. Lattmann
(16) (17)
2013 534,908 300,058 — — 7,820 842,786
Chief Financial Officer
and Treasurer
Matthew Fiorilli
(18) (19)
2013 1,453,846 1,200,060 600,014 — 21,825 3,275,745
Senior Vice
President − Stores
(1) Except as otherwise described in this Summary Compensation Table, salaries to named executive officers were paid in cash in fiscal
2013, fiscal 2012 and fiscal 2011, and increases in salary, if any, were effective in May of the fiscal year.
(2) Due to fiscal 2012 being a 53 week year and the timing of the pay cycles, the fiscal 2012 salary amounts include an additional pay
period. Without this additional pay period, fiscal 2012 salaries would have been $1,100,000 each for Messrs. Eisenberg and
Feinstein as their salaries were for the prior six fiscal years and $3,346,154, $1,456,924 and $1,276,923 for Messrs. Temares, Stark
and Castagna, respectively.
(3) The value of stock awards and option awards represents their respective total fair value on the date of grant calculated in
accordance with Accounting Standards Codification Topic No. 718, ‘‘Compensation — Stock Compensation’’ (‘‘ASC 718’’), without
regard to the estimated forfeiture related to service-based vesting conditions. All assumptions made in the valuations are
contained and described in footnote 13 to the Company’s financial statements in the Company’s Form 10-K for fiscal 2013. Stock
awards and option awards are rounded up to the nearest whole share when converted from dollars to shares. The amounts shown
in the table reflect the Company’s accounting expense and do not necessarily reflect the actual value, if any, that may be realized
by the named executive officers.
(4) The vesting of restricted stock awards depends on (i) the Company’s achievement of a performance-based test for the fiscal year of
the grant, and (ii) assuming the performance-based test is met, time vesting, subject in general to the executive remaining in the
Company’s employ on specific vesting dates. The performance-based tests for fiscal years 2013, 2012 and 2011 were met. The fair
value of the performance-based stock awards are reported above at 100% of target, their maximum value assuming the highest
level of performance. The vesting of restricted stock awards granted to Ms. Lattmann and a portion of restricted stock awards
granted to Mr. Castagna are based solely on time vesting.
(5) Salary for Mr. Eisenberg includes a deferral of $546,504, $317,308 and $275,000 for fiscal 2013, 2012 and 2011, respectively,
pursuant to the terms of the Company’s Nonqualified Deferred Compensation Plan. Such amount for fiscal 2013 is also reported in
the Nonqualified Deferred Compensation Table below.
BED BATH & BEYOND PROXY STATEMENT
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