Kroger 2014 Annual Report Download - page 48
Download and view the complete annual report
Please find page 48 of the 2014 Kroger annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.46
Quantification of Payments upon Termination or Change in Control
Thefollowingtableprovidesinformationregardingcertainpotentialpaymentsthatwouldhavebeen
madetothenamedexecutiveofficersifthetriggeringeventoccurredonJanuary31,2015,givencompensation,
ageandservicelevelsasofthatdateand,whereapplicable,basedontheclosingpriceperKrogercommon
shareonthelasttradingdayofthefiscalyear($69.05onJanuary30,2015).Amountsactuallyreceivedupon
theoccurrenceofatriggeringeventwillvarybasedonfactorssuchasthetimingduringtheyearofsuch
event,thepriceofKrogercommonshares,andtheofficer’sage,lengthofserviceandcompensationlevels.
Name
Involuntary
Termination
Voluntary
Termination/
Retirement Death Disability
Change in
Control
without
Termination
Change in
Control with
Termination
W. Rodney McMullen
AccruedandBankedVacation ............. $738,464 $ 738,464 $ 738,464 $ 738,464 $ 738,464 $ 738,464
Severance............................. — — — — — $ 4,640,016
AdditionalVacationandBonus ............ — — — — — $ 104,872
ContinuedHealthandWelfareBenefits(1) ... — — — — — $ 86,963
StockOptions(2) ....................... — — $10,455,330 $ 10,455,330 $ 10,455,330 $ 10,455,330
RestrictedStock(3) ..................... — — $13,145,188 $ 13,145,188 $ 13,145,188 $ 13,145,188
PerformanceUnits(4) ................... — — $ 1,470,213 $ 1,470,213 $ 2,135,717 $ 2,135,717
Long-TermCashBonus(5) ................ — — $ 749,079 $ 749,079 $ 1,019,800 $ 1,019,800
ExecutiveGroupLifeInsurance ........... — — $ 5,670,000 — — —
J. Michael Schlotman
AccruedandBankedVacation ............. $467,680 $ 467,680 $ 467,680 $ 467,680 $ 467,680 $ 467,680
Severance............................. — — — — — $ 2,316,744
AdditionalVacationandBonus ............ — — — — — $ 40,505
ContinuedHealthandWelfareBenefits(1) ... — — — — — $ 64,739
StockOptions(2) ....................... — — $ 4,753,720 $ 4,753,720 $ 4,753,720 $ 4,753,720
RestrictedStock(3) ..................... — — $ 4,982,442 $ 4,982,442 $ 4,982,442 $ 4,982,442
PerformanceUnits(4) ................... — $ 665,780 $ 665,780 $ 665,780 $ 816,862 $ 816,862
Long-TermCashBonus(5) ................ — $ 524,467 $ 524,467 $ 524,467 $ 703,050 $ 703,050
ExecutiveGroupLifeInsurance ........... — — $ 2,934,606 — — —
Michael L. Ellis
AccruedandBankedVacation ............. $138,465 $ 138,465 $ 138,465 $ 138,465 $ 138,465 $ 138,465
Severance............................. — — — — — $ 2,720,016
AdditionalVacationandBonus ............ — — — — — $ 54,359
ContinuedHealthandWelfareBenefits(1) ... — — — — — $ 59,828
StockOptions(2) ....................... — — $ 2,729,288 $ 2,729,288 $ 2,729,288 $ 2,729,288
RestrictedStock(3) ..................... — — $ 4,665,502 $ 4,665,502 $ 4,665,502 $ 4,665,502
PerformanceUnits(4) ................... — $ 404,058 $ 404,058 $ 404,058 $ 607,295 $ 607,295
Long-TermCashBonus(5) ................ — $ 444,765 $ 444,765 $ 444,765 $ 643,500 $ 643,500
ExecutiveGroupLifeInsurance ........... — — $ 2,170,669 — — —
Kathleen S. Barclay
AccruedandBankedVacation ............. $ 69,325 $ 69,325 $ 69,325 $ 69,325 $ 69,325 $ 69,325
Severance............................. — — — — — $ 1,589,262
AdditionalVacationandBonus ............ — — — — — $ 39,179
ContinuedHealthandWelfareBenefits(1) ... — — — — — $ 52,226
StockOptions(2) ....................... — — $ 3,280,820 $ 3,280,820 $ 3,280,820 $ 3,280,820
RestrictedStock(3) ..................... — — $ 3,147,369 $ 3,147,369 $ 3,147,369 $ 3,147,369
PerformanceUnits(4) ................... — $ 441,483 $ 441,483 $ 441,483 $ 587,270 $ 587,270
Long-TermCashBonus(5) ................ — $ 520,606 $ 520,606 $ 520,606 $ 688,650 $ 688,650
ExecutiveGroupLifeInsurance ........... — — $ 2,834,000 — — —