Pep Boys 2005 Annual Report Download - page 74

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ITEM 11 EXECUTIVE COMPENSATION
SUMMARY COMPENSATION TABLE
The following table shows the compensation earned, paid or accrued in each of the last three fiscal years to Pep Boys’
Chief Executive Officer and the four other executive officers that received the highest compensation in fiscal 2005. These
executives are referred to herein as the “named executive officers.”
Long Term
Annual Compensation Compensation Awards
Name and
Principal Position
Fiscal
Year Salary ($) Bonus ($)
Restricted
Stock
Award ($)(a)
Securities
Underlying
Options (#)
All Other
Comp.
($)(b)
Lawrence N. Stevenson 2005 978,846 288,300 883,000 130,000 270,911
CEO(c) 2004 900,000 305,200 999,151 125,000 315,268
2003 590,614 1,130,000 — 919,540 43,399
Hal Smith 2005 411,161 60,354 353,200 20,000 114,399
EVP – Merchandising 2004 414,615 95,100 599,500 25,000 199,927
& Marketing(d) 2003 206,922 190,000 — 150,000 303
Mark S. Bacon 2005 312,690 44,823 361,600 50,000 37,738
SVP – Operations(e)
Mark L. Page 2005 363,500 39,844 44,150 2,500 8,742
SVP – Parts & Tires 2004 360,493 54,100 59,950 2,500 19,018
2003 343,077 242,880 — 15,000 4,350
Harry F. Yanowitz 2005 348,211 49,416 176,600 10,000 44,166
SVP - CFO(f) 2004 326,654 74,200 359,700 15,000 71,313
2003 181,393 221,000 — 125,000 13,869
(a) For fiscal 2005, represents the value of restricted stock units on their date of grant. All restricted stock units granted
through February 25, 2005 vest 20% on their date of grant and additional 20% on each of the next four anniversaries of
the date of grant. Restricted stock units granted after February 25, 2005 vest 25% on each of the first four anniversaries
of the date of grant. All restricted stock units receive dividend equivalents – for fiscal 2005: Stevenson $21,375; Smith
- $7,965; Bacon – $4,050; Page - $1,181; and Yanowitz - $6,075. As of the end of fiscal 2005 the named executive officers
held the following number of restricted stock units having the values indicated based on the closing market price of a
share of Pep Boys’ Stock on the last business day of fiscal 2005 ($15.84): Stevenson – 91,666 ($1,451,989); Smith – 31,000
($491,040); Bacon – 20,000 ($316,800); Page – 5,000 ($79,200); and Yanowitz – 25,000 ($396,000).
(b) For fiscal 2005 includes the following dollar amounts (i) contributed under the defined contribution portion of Pep Boys
Executive Supplemental Retirement Plan: Stevenson – $211,796; Smith – $101,382; Bacon - $37,641; and Yanowitz –
$43,255 (Mr. Page participates in the defined benefit portion of such plan, see “–Pension Plans.”); (ii) contributed
(company match) under Pep Boys’ Deferred Compensation Plan: Stevenson – $57,660; Smith – $12,070 and Page –
$7,968; (iii) contributed (company match) in connection with Pep Boys 401(k) Savings Plan: Smith – $525; Page – $525;
and Yanowitz – $513; and (iv) representing group term life insurance premiums: Stevenson – $1,454; Smith – $422;
Bacon - $ 97; Page – $249; and Yanowitz – $398.
(c) Mr. Stevenson joined Pep Boys effective April 28, 2003.
(d) Mr. Smith joined Pep Boys effective August 1, 2003.
(e) Mr. Bacon joined Pep Boys effective February 28, 2005.
(f) Mr. Yanowitz joined Pep Boys effective June 9, 2003.