Dollar General 2014 Annual Report Download - page 32

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Proxy
In reaching the determination that Ms. Cochran is independent, the Board considered that
Ms. Cochran’s brother, Stephen Brophy, has served as a Vice President of the Company (a
non-executive position) since 2009. For 2014, Mr. Brophy earned from the Company total cash
compensation (comprised of his base salary and bonus compensation) of less than $320,000 and
received an annual equity award consisting of 3,034 non-qualified stock options, a target award of
569 performance share units, and 566 restricted stock units. In March 2015, Mr. Brophy received an
annual equity award consisting of 3,583 non-qualified stock options, a target award of 433 performance
share units, and 433 restricted stock units. All equity awards were granted on terms consistent with the
annual equity awards received by all Dollar General employees at the same job grade level as
Mr. Brophy and on terms substantially similar to the forms of award agreements on file with the SEC.
We do not expect Mr. Brophy’s total cash compensation for 2015 to materially differ from his 2014
total cash compensation.
Mr. Brophy also is eligible to participate in employee benefits plans and programs available to
our other full-time employees. Ms. Cochran does not participate in any decision-making related to
Mr. Brophy’s compensation or performance evaluations. Mr. Brophy’s cash compensation and equity
awards were approved by the Compensation Committee pursuant to the Company’s related-party
transactions approval policy.
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