SkyWest Airlines 2015 Annual Report Download - page 136

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EXECUTIVE COMPENSATION
Summary Compensation Table
The table below summarizes the total compensation paid to or earned by each of the Executives for the years
indicated.
(a) (b) (c) (d) (e) (f) (g) (h) (i) (j)
Performance Non-Equity
Discretionary Stock Option Shares Incentive Plan All Other
Salary Bonus Awards Awards Awards Compensation Compensation Total
Name and Principal Position Year ($) ($)(1) ($)(2) ($)(2) ($)(2) ($)(3) ($) ($)
Jerry C. Atkin ........ 2015 $ 430,800 $ — $ 430,800 $ 215,400 $ 430,800 $ 606,093 $ 136,110 (4) $ 2,250,003
Chairman and Chief . . 2014 $ 420,300 $ 392,641 $ 330,986 $ 226,049 $ — $ 283,676 $ 123,736 (5) $ 1,777,388
Executive Officer.... 2013 $ 410,000 $ — $ 322,875 $ 138,375 $ — $ 478,028 $ 138,242 (6) $ 1,487,520
Russell A. Childs ...... 2015 $ 330,000 $ — $ 330,000 $ 165,000 $ 330,000 $ 464,277 $ 111,563 (7) $ 1,730,840
President .......... 2014 $ 287,317 $ 252,475 $ 209,128 $ 97,481 $ — $ 237,593 $ 104,210 (8) $ 1,188,204
2013 $ 260,400 $ — $ 164,052 $ 70,308 $ — $ 328,781 $ 100,377 (9) $ 923,918
Wade J. Steel ......... 2015 $ 240,000 $ — $ 172,800 $ 86,400 $ 172,800 $ 270,125 $ 85,299 (10)$ 1,027,424
Chief Commercial
Officer ........... 2014 $ 185,708 $ 130,240 $ 103,549 $ 45,959 $ — $ 146,140 $ 56,133 (11)$ 667,729
and former acting Chief
Financial Officer
Robert J. Simmons .... 2015 $ 225,000 $ — $ 251,014 $ 125,507 $ 251,014 $ 337,656 $ 56,308 (12)$ 1,246,499
Chief Financial Officer
Michael B. Thompson .. 2015 $ 215,300 $ — $ 155,016 $ 77,508 $ 155,016 $ 235,624 $ 78,770 (13)$ 917,234
Chief Operating
Officer—SkyWest
Airlines ........... 2014 $ 176,125 $ 112,050 $ 98,347 $ 43,585 $ — $ 138,239 $ 53,483 (14)$ 621,829
Terry M. Vais ........ 2015 $ 165,200 $ — $ 101,205 $ 51,883 $ 101,205 $ 163,371 $ 51,412 (15)$ 634,276
Chief Operating
Officer—ExpressJet
(1) Column (d) includes discretionary annual performance bonuses approved by the Compensation Committee for 2014
of $19,100 to Mr. Childs and $12,345 to Mr. Steel. Such bonuses were paid during 2015, Messrs. Atkin, Simmons,
Thompson and Vais did not receive a discretionary annual performance bonus for 2014. No discretionary annual
performance bonuses were awarded to the Executives in 2013 or 2015.
The amounts in column (d) also include the amounts, approved by the Compensation Committee, of discretionary
performance unit awards issued in 2015 with respect to 2014, but payable in cash in 2017, subject to forfeiture in the
event of termination of employment prior to February 18, 2017. The 2017 cash value of those discretionary
performance unit awards for 2014 service were $392,641 for Mr. Atkin, $233,375 for Mr. Childs, $117,895 for
Mr. Steel and $112,050 for Mr. Thompson. Messrs. Simmons and Vais did not earn discretionary performance unit
awards with respect to 2014.
(2) These columns show the full grant date fair market value of the options granted as computed under ASC Topic 718,
the expense attributable to restricted stock unit awards and the expense attributable to performance shares awards at
the 100% target threshold (excluding estimates for forfeitures in case of awards with service-based vesting). These
amounts do not reflect the extent to which the Executive realized an actual financial benefit from the awards.
Assumptions and methodologies used in the calculation of these amounts are included in footnotes to the
Company’s audited financial statements for the year ended December 31, 2015 which are included in the
Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission.
(3) The amounts in column (h) reflect the annual performance bonus amounts earned in the year indicated based on
performance in that year and paid in the subsequent year. As described in the section entitled “Compensation
Discussion and Analysis” above, annual performance bonuses payable to the Executives are calculated based upon