Pottery Barn 2012 Annual Report Download - page 125
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In determining the type and number of equity awards granted to an individual executive, the Compensation
Committee considered such factors as:
• The individual’s performance and contribution to the profitability of the company;
• The type and number of awards previously granted to an individual;
• An individual’s outstanding awards;
• The vesting schedule of the individual’s outstanding awards;
• The relative value of awards offered by comparable companies to executives in comparable positions to
fairly benchmark awards of different sizes and type and the resulting total direct compensation relative to
peers;
• Internal equity between positions within the company;
• The appropriate mix between long-term incentive awards and other types of compensation, such as base
salary and bonus; and
• Additional factors, including succession planning and retention of the company’s high-level potential
executives.
The Compensation Committee believes that each of these factors influences the type and number of shares
appropriate for each individual and that no one factor is determinative.
In determining the level of restricted stock unit grants for named executive officers other than the Chief
Executive Officer, the Compensation Committee took into account the Chief Executive Officer’s assessment of
the performance of the company and the adequacy of compensation levels of named executive officers. In
determining the level of restricted stock unit grants for the Chief Executive Officer, the Compensation
Committee took into account the company’s performance and the assessment of the independent members of the
Board of Directors concerning the Chief Executive Officer’s performance.
What equity grants were made in fiscal 2012?
Equity grants approved by the Compensation Committee in April 2012 were as follows.
Named Executive Officer
Number of
Restricted
Stock Units
Laura J. Alber .................................... 160,345
Julie P. Whalen ................................... 10,020
Patrick J. Connolly ................................ 30,065
Richard Harvey ................................... 20,040
Sandra N. Stangl .................................. 45,095
Sharon L. McCollam(1) ............................ —
(1) Ms. McCollam retired from the company effective March 6, 2012.
In addition, the Compensation Committee approved an additional equity grant in conjunction with Ms. Whalen’s
promotion in July 2012. This grant resulted in total direct compensation for Ms. Whalen at close to the 75th
percentile of the relevant market data for the company’s proxy peer group. This award was deemed appropriate
as it provided significant retentive value for Ms. Whalen as well as alignment with stockholder interests.
Named Executive Officer
Number of
Restricted
Stock Units
Julie P. Whalen ................................... 42,750
31
Proxy