Kroger 2014 Annual Report Download - page 36
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deferralaccountiscreatedeachyearandtheinterestrateestablishedforthatyearisappliedtothatdeferral
accountuntilthedeferredcompensationispaidout.IftheinterestrateestablishedbytheCompanyfor
aparticularyearexceeds120%oftheapplicablefederallong-terminterestratethatcorrespondsmost
closelytotheplanrate,theamountbywhichtheplanrateexceeds120%ofthecorrespondingfederal
rateisdeemedtobeabove-marketorpreferential.Inthirteenofthetwenty-oneyearsinwhichatleast
onenamedexecutiveofficerdeferredcompensation,theratesetundertheplanforthatyearexceeds
120% of the corresponding federal rate. For each of the deferral accounts in which the plan rate is
deemedtobeabove-market,theCompanycalculatestheamountbywhichtheactualannualearningson
theaccountexceedwhattheannualearningswouldhavebeeniftheaccountearnedinterestat120%of
the corresponding federal rate, and discloses those amounts as preferential earnings. Amounts deferred
in2014earninterestataratehigherthan120%ofthecorrespondingfederalrate,accordinglythereare
preferential earnings on these amounts.
TheamountreportedforMr.McMullenincludesachangeinpensionvalueintheamountof$3,426,477
andpreferentialearningsonnonqualifieddeferredcompensationintheamountof$71,919.Theamount
reportedforMr.Schlotmanincludesonlyachangeinpensionvalue.TheamountreportedforMr.Ellis
includesachangeinpensionvalueintheamountof$23,444andpreferentialearningsonnonqualified
deferred compensation in the amount of $3,933. The amount reported for Mr. Donnelly includes a
changeinpensionvalueintheamountof$337,634andpreferentialearningsonnonqualifieddeferred
compensationintheamountof$4,141.TheamountreportedforMr.Dillonincludesonlypreferential
earningsonnonqualified deferredcompensationbecause theactuarial present valueofaccumulated
pensionbenefitsunderhispensionplansdecreasedby$264,282.
(6) Thefollowingtableprovidestheitemsandamountsincludedinthe“AllOtherCompensation”column
for2014.
Life Insurance
Premium
Accidental Death
and Dismemberment
Insurance Premium
Long-Term
Disability
Insurance
Premium
Payment of
Dividend
Equivalents
on Earned
Performance Units
Dividends
Paid on
Unvested
Restricted
Stock Other
Mr. McMullen $ 55,221 $228 $3,489 $29,215 $144,449 —
Mr.Schlotman $ 49,172 $ 228 — $16,382 $ 48,140 —
Mr.Ellis $ 43,002 $ 228 $3,489 $ 6,596 $ 45,615 $18,375
Ms.Barclay $ 67,581 $ 228 — $ 9,906 $ 31,082 $10,897
Mr.Donnelly $ 55,879 $ 228 $3,481 $ 7,604 $ 33,113 —
Mr.Dillon $242,691 $228 — $89,521 $196,253 $ 325
Theamountsreportedin“Other”columnforMr.EllisandMs.BarclayrepresenttheCompany’smatching
contributiontothetheir401(k)savingsplanaccounts.Theamountreportedinthe“Other”columnfor
Mr.Dillonrepresentsthevalueofaretirementgift.