Pottery Barn 2013 Annual Report Download - page 135

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Grants of Plan-Based Awards
This table sets forth certain information regarding all grants of plan-based awards made to the Named Executive
Officers during fiscal 2013.
Grant
Date
Compensation
Committee
Approval
Date
Estimated Future
Payouts Under
Non-Equity Incentive
Plan Awards
All
Other
Stock
Awards;
Number
of Shares
of Stock
or Units
(#)(3)
Grant Date
Fair Value
of Stock
and
Option
Awards
($)
Threshold
($)
Target
($)(1)(2)
Maximum
($)(2)
Laura J. Alber ............ — — — $1,950,000 $10,000,000 — —
4/26/2013 3/27/2013 — — — 131,307 $6,999,976
Julie P. Whalen ........... — — — $ 600,000 $10,000,000 — —
4/26/2013 3/27/2013 — — — 25,323 $1,349,969
Sandra N. Stangl .......... — — — $1,000,000 $10,000,000 — —
4/26/2013 3/27/2013 — — — 46,895 $2,499,972
Janet M. Hayes ............ — — — $ 760,000 $10,000,000 — —
4/26/2013 3/27/2013 — — — 33,764 $1,799,959
Patrick J. Connolly ......... — — — $ 643,750 $10,000,000 — —
4/26/2013 3/27/2013 — — — 20,821 $1,109,968
(1) Target potential payment for each eligible executive pursuant to our established incentive targets.
(2) To ensure deductibility under our stockholder-approved 2001 Incentive Bonus Plan (intended to qualify as performance-based
compensation under Internal Revenue Code Section 162(m)), the Compensation Committee specified a primary performance goal. For
fiscal 2012, the Compensation Committee established the primary performance goal for the 2001 Incentive Bonus Plan as positive net
cash provided by operating activities (excluding any non-recurring charges) as provided on the company’s consolidated statements of
cash flows. The Compensation Committee also set a secondary performance goal to guide its use of discretion in determining whether to
reduce bonus amounts from the maximum available under the 2001 Incentive Bonus Plan; the Compensation Committee typically
expects to pay bonuses at target levels if the secondary performance goal is fully met. For fiscal 2013, the Compensation Committee set
the secondary performance goal as an earnings per share target of $2.80 (excluding extraordinary non-recurring charges, and including
any amounts payable to covered employees under the 2001 Incentive Bonus Plan). As further described in the Compensation Discussion
and Analysis beginning on page 26, in the first quarter of fiscal 2014, the Compensation Committee determined that the 2001 Incentive
Bonus Plan’s primary and secondary performance goals were achieved, but the Compensation Committee elected to apply its discretion
in determining to reduce the actual amount to be paid to the Named Executive Officers under the 2001 Incentive Bonus Plan below the
maximum potential payment.
(3) Grants of restricted stock units.
43
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