Kroger 2015 Annual Report Download - page 42

Download and view the complete annual report

Please find page 42 of the 2015 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.

Page out of 153

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153

40
Compensation Tables
Summary Compensation Table
The following table and footnotes provide information regarding the compensation of the NEOs for
the fiscal years presented.
Name and Principal
Position(1)
Fiscal
Year
Salary
($)
Stock
Awards
($)(2)
Option
Awards
($)(3)
Non-Equity
Incentive Plan
Compensation
($)(4)
Change in
Pension
Value and
Nonqualified
Deferred
Compensation
Earnings
($)(5)
All Other
Compensation
($)(6)
Total
($)
W. Rodney McMullen 2015 1,216,665 4,332,252 2,300,092 2,999,693 618,033 279,656 11,746,391
Chairman and Chief 2014 1,118,726 3,740,251 1,951,394 2,441,546 3,498,396 232,602 12,982,915
Executive Officer 2013 962,731 5,062,435 907,862 1,722,946 63,518 166,329 8,885,821
J. Michael Schlotman 2015 793,825 2,489,148 1,040,847 1,394,752 44,163 148,104 5,910,839
Executive Vice President 2014 745,313 1,490,700 520,372 1,103,750 1,922,821 113,922 5,896,878
and Chief Financial 2013 688,599 1,564,689 509,088 1,004,220 — 85,176 3,851,772
Officer
Michael J. Donnelly 2015 700,684 1,919,013 585,529 1,274,152 321,545 175,112 4,976,035
Executive Vice President 2014 651,315 748,051 390,279 1,024,261 341,775 100,305 3,255,986
of Merchandising 2013 565,136 1,099,201 236,283 803,052 3,744 81,557 2,778,973
Christopher T. Hjelm 2015 653,368 1,992,003 780,633 1,302,852 168 98,992 4,828,016
Executive Vice President
and Chief Information
Officer
Frederick J. Morganthall II 2015 619,944 1,595,918 390,414 1,453,450 — 297,335 4,357,061
Executive Vice President
of Retail Operations
(1) Messrs. Hjelm and Morganthall became NEOs in 2015.
(2) Amounts reflect the grant date fair value of restricted stock and performance units granted each
fiscal year, as computed in accordance with FASB ASC Topic 718. The following table reflects the
value of each type of award granted to the NEOs in 2015:
Name Restricted Stock Performance Units
Mr. McMullen $3,300,021 $1,032,231
Mr. Schlotman $1,979,946 $509,202
Mr. Donnelly $1,632,562 $286,451
Mr. Hjelm $1,610,062 $381,941
Mr. Morganthall $1,404,958 $190,960
The grant date fair value of the performance units reflected in the stock awards column and in
the table above is computed based on the probable outcome of the performance conditions as
of the grant date. This amount is 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. The
assumptions used in calculating the valuations are set forth in Note 12 to the consolidated financial
statements in Kroger’s 10-K for fiscal year 2015.