Pottery Barn 2011 Annual Report Download - page 122

Executive Compensation
This table sets forth the annual and long-term compensation earned by our Chief Executive Officer, former Chief
Financial Officer and our three other most highly compensated executive officers during fiscal 2011. These
individuals are collectively known as our named executive officers. Sharon McCollam retired effective March 6,
2012. Julie Whalen became our Acting Chief Financial Officer effective March 6, 2012, after the end of fiscal
2011, and therefore is not a named executive officer during fiscal 2011.
Summary Compensation Table for Fiscal 2011, Fiscal 2010 and Fiscal 2009
Name and
Principal Position
Fiscal
Year
Salary
($)
Bonus
($)
Stock
Awards
($)(1)
Option
Awards
($)(2)
Non-Equity
Incentive Plan
Compensation
($)
Change in
Pension Value
and
Nonqualified
Deferred
Compensation
Earnings
All Other
Compensation
($)(3) Total ($)
Laura J. Alber ........... 2011 $1,156,731 — $2,738,699 $2,691,081 $2,600,000 — $25,020 $ 9,211,531
Director, President 2010 $ 948,077 $350,000(4) $7,761,600 $2,032,940 $2,400,000 — $62,795 $13,555,412
and Chief Executive 2009 $ 800,000 — — — $1,500,000 — $84,506 $ 2,384,506
Officer (PEO)
Sharon L. McCollam ...... 2011 $ 870,193 — $ 871,348 $ 856,243 $ — — $25,230 $ 2,623,014
Former Director and 2010 $ 830,770 — $5,821,200 $1,524,705 $1,600,000 — $63,005 $ 9,839,680
Executive Vice 2009 $ 725,000 — — — $1,500,000 — $84,755 $ 2,309,755
President, Chief
Operating and Chief
Financial Officer (PFO)
Patrick J. Connolly ....... 2011 $ 616,615 — $ 622,450 $ 611,613 $ 700,000 — $16,319 $ 2,566,997
Director and 2010 $ 579,646 — $ 311,850 $ 95,294 $ 800,000 — $14,897 $ 1,801,687
Executive Vice 2009 $ 570,000 — — — $ 500,000 — $14,897 $ 1,084,897
President, Chief
Marketing Officer
Richard Harvey .......... 2011 $ 660,577 — $ 672,312 $ 660,539 $ 270,000 — $16,980 $ 2,280,408
President, 2010 $ 588,462 — $ 693,000 — $ 700,000 — $26,155 $ 2,007,617
Williams-Sonoma 2009 $ 524,994 — — (5) — $ 600,000 — $31,955 $ 1,156,949
Brand
Sandra N. Stangl ......... 2011 $ 716,346 — $ 746,899 $ 733,964 $1,200,000 — $16,770 $ 3,413,979
President, Pottery Barn
Brand
(1) Based on the fair market value of awards granted in fiscal 2011, fiscal 2010, and fiscal 2009. The fair market value is calculated as the closing
price of our stock on the day prior to the grant date multiplied by the number of units granted.
(2) Based on the fair market value of awards granted in fiscal 2011, fiscal 2010, and fiscal 2009. The fair market value assumptions used in the
calculation of these amounts are included in Note H to our Consolidated Financial Statements, which is included in our Annual Report on Form
10-K for the fiscal year ended January 29, 2012.
(3) Details are provided in the “Other Annual Compensation from Summary Compensation” table on page 27.
(4) Represents a special, discretionary bonus of $350,000 that was awarded to Ms. Alber in recognition of her outstanding performance and the
company’s results for fiscal 2010.
(5) Restricted stock units were granted as part of the Williams-Sonoma, Inc. Equity Award Exchange, which was approved by stockholders at the
2008 Annual Meeting and was completed during fiscal 2009. Mr. Harvey was not a named executive officer at the time that the exchange
program began and, accordingly, was eligible to participate in the exchange program. The restricted stock units granted pursuant to the exchange
had a fair value equal to or less than the fair value of the exchanged eligible awards they replaced. As a result, no incremental compensation cost
was recognized in fiscal 2009 with respect to the grant of such restricted stock units, and no incremental fair value is reportable in this
table. Please see the “Grants of Plan-Based Awards” table on page 28 for further discussion about these restricted stock unit grants.
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