Kroger 2012 Annual Report Download - page 40

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38
interest at the rate representing Kroger’s cost of ten-year debt as determined by Kroger’s CEO and reviewed
by the Compensation Committee prior to the beginning of each deferral year. The interest rate established for
deferral amounts for each deferral year will be applied to those deferral amounts for all subsequent years until
the deferred compensation is paid out. Participants can elect to receive lump sum distributions or quarterly
installments for periods up to ten years. Participants also can elect between lump sum distributions and
quarterly installments to be received by designated beneficiaries if the participant dies before distribution of
deferred compensation is completed.
DI R E C T O R C O M P E N S A T I O N
The following table describes the fiscal year 2012 compensation for non-employee directors. Employee
directors receive no compensation for their Board service.
2012 DIRECTOR COMPENSATION
Name
Fees
Earned
or Paid
in Cash
($)
Stock
Awards
($)
Option
Awards
($)
Non-Equity
Incentive Plan
Compensation
($)
Change in
Pension Value
and
Nonqualified
Deferred
Compensation
Earnings
($)
All
Other
Compensation
($)
Total
($)
(1) (1) (12)
Reuben V. Anderson ....... $ 76,008 $120,780(2) $29,217(4) — —(9) $465 $226,470
Robert D. Beyer. . . . . . . . . . . $ 81,105 $120,780(3) $29,217(4) — $ 5,972(10) $465 $237,539
Susan J. Kropf ............ $ 86,142 $120,780(3) $29,217(5) — N/A $465 $236,604
John฀T.฀LaMacchia. . . . . . . . . $ 81,105 $120,780(2) $29,217(4) — $ 415(11) $465 $231,982
David B. Lewis ........... $ 76,008 $120,780(2) $29,217(4) — N/A $266 $226,271
Jorge฀P.฀Montoya .......... $ 88,169 $120,780(2) $29,217(5) — N/A $465 $238,631
Clyde฀R.฀Moore ........... $ 83,073 $120,780(3) $29,217(4) — —(9) $465 $233,535
Susan฀M.฀Phillips .......... $ 86,142 $120,780(2) $29,217(6) — $1,995(10) $465 $238,599
Steven R. Rogel ........... $ 76,008 $120,780(2) $29,217(4) — N/A $465 $226,470
James A. Runde ........... $ 83,073 $120,780(2) $29,217(7) — N/A $465 $233,535
Ronald L. Sargent ......... $ 98,304 $120,780(3) $29,217(7) — $2,058(10) $465 $250,824
Bobby฀S.฀Shackouls ........ $118,573 $120,780(3) $29,217(8) — N/A $266 $268,836
(1)฀ These฀amounts฀represent฀the฀aggregate฀grant฀date฀fair฀value฀of฀awards฀computed฀in฀accordance฀with฀
FASB ASC Topic 718.
(2)฀ Aggregate฀number฀of฀stock฀awards฀outstanding฀at฀fiscal฀year฀end฀was฀5,500฀shares.
(3)฀ Aggregate฀number฀of฀stock฀awards฀outstanding฀at฀fiscal฀year฀end฀was฀8,250฀shares.
(4)฀ Aggregate฀number฀of฀stock฀options฀outstanding฀at฀fiscal฀year฀end฀was฀57,500฀shares.
(5)฀ Aggregate฀number฀of฀stock฀options฀outstanding฀at฀fiscal฀year฀end฀was฀37,500฀shares.
(6)฀ Aggregate฀number฀of฀stock฀options฀outstanding฀at฀fiscal฀year฀end฀was฀46,500฀shares.
(7)฀ Aggregate฀number฀of฀stock฀options฀outstanding฀at฀fiscal฀year฀end฀was฀42,500฀shares.
(8)฀ Aggregate฀number฀of฀stock฀options฀outstanding฀at฀fiscal฀year฀end฀was฀47,500฀shares.
(9)฀ This฀ amount฀ reflects฀ the฀ change฀ in฀ pension฀ value฀ for฀ the฀ applicable฀ directors.฀ Only฀ those฀ directors฀
elected to the Board prior to July 17, 1997 are eligible to participate in the outside director retirement
plan.฀Mr.฀Anderson’s฀pension฀value฀did฀not฀change.฀Mr.฀Moore’s฀pension฀value฀decreased฀by฀$800.฀In฀
accordance with SEC rules, negative amounts are required to be disclosed, but not reflected in the sum
of total compensation.
(10)฀ This฀ amount฀ reflects฀ preferential฀ earnings฀ on฀ nonqualified฀ deferred฀ compensation.฀ For฀ a฀ complete฀
explanation of preferential earnings, please refer to footnote 5 to the Summary Compensation Table.