Kroger 2013 Annual Report Download - page 34

32
EX E C U T I V E C O M P E N S A T I O N
SU M M A R Y C O M P E N S A T I O N T A B L E
฀The฀following฀table฀shows฀the฀compensation฀of฀the฀former฀Chief฀Executive฀Officer,฀ Chief฀Executive฀
Officer, Chief Financial Officer and each of the Company’s three most highly compensated executive officers
other฀than฀the฀former฀CEO,฀CEO฀and฀CFO฀(the฀“named฀executive฀officers”)฀during฀the฀fiscal฀years฀presented:
SU M M A R Y C O M P E N S A T I O N T A B L E
Name and Principal
Position Year
Salary
($)
Bonus
($)
Stock
Awards
($)
Option
Awards
($)
Non-Equity
Incentive Plan
Compensation
($)
Change in
Pension
Value and
Nonqualified
Deferred
Compensation
Earnings
($)
All Other
Compensation
($)
Total
($)
(1) (2) (3) (4) (5) (6)
David฀B.฀Dillon 2013 $1,346,161 — $5,709,429 $2,781,910 $2,456,235 $15,376 $459,584 $12,768,695
Chairman and Former 2012 $1,328,320 — $3,332,852 $1,342,088 $1,600,065 $3,380,527 $301,985 $11,285,837
Chief Executive Officer 2011 $1,273,871 — $3,130,540 $1,716,693 $2,699,153 $3,088,686 $232,820 $12,141,763
W.฀Rodney฀McMullen 2013 $ 962,731 — $5,062,435 $907,862 $1,722,946 $63,518 $166,329 $8,885,821
Chief Executive Officer 2012 $ 937,732 — $1,087,655 $437,983 $1,079,085 $1,415,003 $124,998 $ 5,082,456
2011 $ 899,113 — $1,009,368 $553,506 $1,821,903 $1,768,792 $104,573 $6,157,255
J.฀Michael฀Schlotman 2013 $ 688,599 — $1,564,689 $509,088 $1,004,220 $ — $ 85,176 $3,851,772
Senior฀Vice฀President 2012 $ 669,787 — $ 609,908 $245,602 $602,146 $822,669 $60,137 $ 3,010,249
and Chief Financial 2011 $ 631,371 — $ 503,801 $276,269 $1,002,310 $ 990,524 $45,269 $3,449,544
Officer
Kathleen฀S.฀Barclay 2013 $ 686,702 — $1,436,930 $307,838 $1,026,620 $ — $144,953 $3,603,043
Senior฀Vice฀President 2012 $ 675,972 — $ 491,998 $ 148,512 $628,271 $ — $ 96,054 $2,040,807
Paul฀W.฀Heldman 2013 $ 772,298 — $ 944,621 $460,267 $1,084,020 $ 11,645 $156,184 $3,429,035
Executive Vice 2012 $ 761,501 — $ 551,418 $ 222,048 $ 648,071 $1,266,466 $115,715 $3,565,219
President,฀Secretary 2011 $ 730,682 — $ 479,075 $262,710 $1,110,126 $1,374,309 $96,977 $4,053,879
and฀General฀Counsel
Michael฀L.฀Ellis฀ 2013 $ 539,576 — $1,484,681 $236,283 $755,571 $ 1,944 $ 64,332 $3,082,387
President and
Chief Operating Officer
(1)฀ Mr.฀McMullen฀was฀promoted฀to฀Chief฀Executive฀Officer฀on฀January฀1,฀2014฀when฀Mr.฀Dillon฀retired฀from฀
his฀position฀as฀Chief฀Executive฀Officer.฀Mr.฀Dillon฀remains฀as฀Chairman฀of฀the฀Board.฀Ms.฀Barclay฀became฀
a฀ named฀ executive฀ officer฀ in฀ 2012.฀ Mr.฀ Ellis฀ became฀ a฀ named฀ executive฀ officer฀ in฀ 2013฀ and฀ became฀
President฀and฀Chief฀Operating฀Officer฀on฀January฀1,฀2014.
(2)฀ The฀ stock฀ awards฀ reflected฀ in฀ the฀ table฀ consist฀ of฀ both฀ time-based฀ and฀ performance-based฀ awards฀
granted฀under฀the฀Company’s฀long-term฀incentive฀plans.฀With฀respect฀to฀time-based฀awards,฀or฀restricted฀
stock,฀the฀aggregate฀grant฀date฀fair฀value฀computed฀in฀accordance฀with฀FASB฀ASC฀Topic฀718฀is฀as฀follows:฀
Mr.฀Dillon:฀$4,227,912;฀Mr.฀McMullen:฀$4,578,950;฀Mr.฀Schlotman:฀$1,293,572;฀Ms.฀Barclay:฀$1,272,990;฀
Mr.฀Heldman:฀$699,504;฀and฀Mr.฀Ellis:฀$1,358,848.฀
฀ The฀value฀of฀the฀performance-based฀awards,฀or฀performance฀units,฀reflected฀in฀the฀table฀is฀as฀follows:฀
Mr.฀ Dillon:฀ $1,481,517;฀ Mr.฀ McMullen:฀ $483,485;฀ Mr.฀ Schlotman:฀ $271,117;฀ Ms.฀ Barclay:฀ $163,940;฀
Mr.฀Heldman:฀$245,117;฀and฀Mr.฀Ellis:฀$125,833.฀The฀reported฀amounts฀reflect฀the฀aggregate฀fair฀value฀
at฀the฀grant฀date฀based฀on฀the฀ probable฀ outcome฀of฀the฀performance฀conditions.฀These฀amounts฀are฀
consistent฀with฀the฀estimate฀of฀aggregate฀compensation฀cost฀to฀be฀recognized฀by฀the฀Company฀over฀the฀
three-year฀performance฀period฀of฀the฀award฀determined฀as฀of฀the฀grant฀date฀under฀FASB฀ASC฀Topic฀718,฀
excluding the effect of estimated forfeitures.