Pep Boys 2010 Annual Report Download - page 33

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27
Option Exercises and Stock Vested Table
The following table shows information regarding stock options exercised by the named executive officers and
RSUs held by the named executive officers that vested, during fiscal 2010.
Option Awards Stock Awards
Name
Number of Shares
Acquired on
Exercise (#)
Value Realized on
Exercise ($)
Number of Shares
Acquired on
Vesting (#)
Value Realized on
Vesting ($)(a)
Michael R. Odell -- -- 12,805 122,544
Raymond L. Arthur -- -- 8,334 104,425
William E. Shull III -- -- 2,000 19,880
Scott A. Webb -- -- 10,573 99,273
Joseph A. Cirelli -- -- 4,125 38,418
(a) Based upon the closing price of a share of Pep Boys Stock on the vesting date(s).
Pension Plans
Qualified Defined Benefit Pension Plan. We have a qualified defined benefit pension plan for all employees
hired prior to February 2, 1992. Future benefit accruals on behalf of all participants were frozen under this plan as of
December 31, 1996. Benefits payable under this plan are calculated based on the participant’s compensation (base
salary plus accrued bonus) over the last five years of the participant’s employment by Pep Boys and the number of
years of participation in the plan. Benefits payable under this plan are not subject to deduction for Social Security
or other offset amounts. The maximum annual benefit for any employee under this plan is $20,000. Mr. Cirelli is the
only named executive officer who participated in the qualified defined benefit pension plan in fiscal 2010. His
accrued annualized benefit thereunder, at normal retirement age, is $19,162.
Nonqualified Defined Contribution and Other Nonqualified Deferred Compensation Plans
As explained in our Compensation Discussion and Analysis, set forth below is information regarding benefits
under our non-qualified defined contribution plan (our Account Plan) and Deferred Compensation Plan for our
named executive officers. The Account Plan is a retirement plan pursuant to which we make annual contributions
based upon a named executive officer’s age and then current compensation. In order to further assist our named
executive officers with their retirement savings, the Deferred Compensation Plan allows participants to defer up to
20% of their annual salary and 100% of their annual bonus. In order to further encourage share ownership and more
directly align the interests of named executive officers with that of our shareholders, the first 20% of an executive’s
bonus deferred into Pep Boys Stock is matched by the Company on a one-for-one basis with Pep Boys Stock that
vests over three years.
Nonqualified Defined Contribution Plan (our Account Plan)
Name
Executive
Contributions
in Last FY
($)
Registrant
Contributions
in Last FY
($)
Aggregate
Earnings in
Last FY
($)
Aggregate
Withdrawals/
Distributions
($)
Aggregate
Balance at Last
FYE
($)
Michael R. Odell -- 209,560 28,284 -- 449,756
Raymond L. Arthur -- 177,170 19,416 -- 405,135
William E. Shull -- 55,321 (126) -- 103,567
Scott A. Webb -- 69,151 (285) -- 175,550
Joseph A. Cirelli -- 83,337 271 -- 141,385