Reebok 2015 Annual Report Download - page 47

TO OUR SHAREHOLDERS
Compensation Report
43
1
ALLOCATION IN ACCORDANCE WITH THE CODE
Pursuant to the recommendations of the Code, the fixed compensation, other benefits and the service costs
as well as the Performance Bonus are to be disclosed as an allocation for the financial year in which the
compensation was granted. As stipulated by the Code, the LTIP Bonus resulting from the LTIP 2012/2014
measured over a three-year period is disclosed in the year in which the plan ends, i.e. in the 2014 financial
year. Consequently, a possible LTIP Bonus resulting from the LTIP 2015/2017 will not be disclosed in the 2015
financial year (also not on a pro rata basis), and is not expected to be disclosed until the 2017 financial year.
03ALLOCATIONIN €
Herbert Hainer
CEO
Roland Auschel
Executive Board member, Global Sales
Glenn Bennett
Executive Board member, Global
Operations
2014 2015 2014 2015 2014 12015 2
Fixed compensation 1,500,000 1,582,258 550,000 550,000 546,029 680,560
Other benefits 28,304 28,199 16,237 17,742 19,730 30,993
Total 1,528,304 1,610,457 566,237 567,742 565,759 711,553
One-year variable compensation 3700,194 1,311,270 220,000 412,000 203,660 662,132
Multi-year variable compensation 3,234,000 n.a. 481,250 n.a. 1,763,425 n.a.
LTIP 2012/2014 43,234,000 n.a. 481,250 n.a. 1,763,425 n.a.
LTIP 2015/2017 n.a. n.a. n.a. n.a. n.a. n.a.
Other n.a. n.a. n.a. n.a. n.a. n.a.
Total 55,462,498 2,921,727 1,267,487 979,742 2,532,844 1,373,685
Service cost 6, 7 330,836 428,648 390,536 361,000 756,632 251,162
Overall compensation 5,793,334 3,350,375 1,658,023 1,340,742 3,289,476 1,624,847
Eric Liedtke
Executive Board member, Global Brands
Since March 6, 2014
Robin J. Stalker
Chief Financial Officer
Erich Stamminger
Executive Board member, Global Brands
Until March 6, 2014
2014 2015 2014 2015 2014 2015
Fixed compensation 409,946 516,667 605,000 654,603 192,500 n.a.
Other benefits 10,213 15,656 18,617 19,817 8,382 n.a.
Total 420,159 532,322 623,617 674,421 200,882 n.a.
One-year variable compensation 3183,333 412,000 221,502 520,000 0 n.a.
Multi-year variable compensation 306,250 n.a. 1,617,000 n.a. 1,386,000 n.a.
LTIP 2012/2014 4306,250 n.a. 1,617,000 n.a. 1,386,000 n.a.
LTIP 2015/2017 n.a. n.a. n.a. n.a. n.a. n.a.
Other n.a. n.a. n.a. n.a. n.a. n.a.
Total 5909,742 944,322 2,462,119 1,194,421 1,586,882 n.a.
Service cost 6, 7 315,951 336,000 907,791 379,868 751,066 n.a.
Overall compensation 1,225,693 1,280,322 3,369,910 1,574,289 2,337,948 n.a.
1 Exchange rate 1.3296 $/€ (annual average rate 2014).
2 Exchange rate 1.11005 $/€ (annual average rate 2015).
3 No Performance Bonus 2014 granted to Erich Stamminger due to his resignation effective March 6, 2014. Pro rata temporis Performance Bonus 2014 for Eric Liedtke effective March 6, 2014 due
to his appointment during the year.
4 Pro rata temporis LTIP Bonus 2012/2014 due to the appointment of Roland Auschel (effective October 1, 2013) and Eric Liedtke (effective March 6, 2014) during the plan term. Pro rata temporis
LTIP Bonus 2012/2014 due to the resignation of Erich Stamminger (effective March 6, 2014) during the plan term.
5 For the 2015 financial year, as well as for the previous year, the compensation components outlined above also represent the overall compensations to be disclosed individually in accordance
with commercial law.
6 Based on the amendment of the Pension Agreements of Glenn Bennett and Robin J. Stalker effective March 6, 2015, the service cost in the 2014 financial year comprised the 2014 service cost
and the 2014 past service cost.
7 The service cost for Erich Stamminger also comprises the contractually agreed follow-up bonus in the amount of € 603,387 granted at the time of his departure in March 2014, as the follow-up
bonus is a commitment for other pension benefits made in advance for the case of departure.