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EXECUTIVE COMPENSATION AND COMPENSATION DISCUSSION AND ANALYSIS
www.staplesannualmeeting.com STAPLES 39
2014 Compensation Results
Sales and earnings results for 2014 were slightly above 97% of target goal with both RONA and sales beyond office supplies
exceeding target. Specific results and the corresponding amount of compensation rewarded for each is provided below. This table
provides information only where there was a 2014 payout opportunity. No three-year performance shares under our long-term
program, implemented for 2013, were yet eligible for payout. For more information about achievement under outstanding
performance share awards, see the “Setting Performance Goals” section of this CD&A.
Annual Cash Award Legacy Long-term Cash Awards
EPS*
Total
Sales*
Beyond
Office
Supplies
Sales
Growth*
2012-2014
(Cumulative
RONA)
2013-2014
(RONA % and Sales
Growth %)
Sales
Growth%* RONA%*
Actual Results $0.981 $22.67 billion $210 million Below Threshold (0.6)% 8.95%
Target Goal $1.01 $23.338 billion $200 million — 2.29% 8.90%
Weighting 50% 25% 25% — 50% 50%
Achievement % 87.34% 70.97% 103.28% 0 70.97% 103.55%
Amount Awarded
Actual @ 87.23% of Target Award Amount Awarded
2014 results @ 87.26% of Target Award
Ronald L. Sargent $1,634,526 0 $956,951
Christine T. Komola $425,045 0 $70,302
Joseph G. Doody $502,803 0 $252,385
Demos Parneros $514,069 0 $252,385
John Wilson $495,292 0 n/a
* Additional information about the calculation of goals is set forth in the applicable “2014 Compensation Program” section below.
Threshold and maximum payout levels for each target are described on pages 43-45 of this proxy statement.
Realized Pay and Alignment with Performance
As the following chart indicates, Mr. Sargent’s realized compensation over the last three years is aligned with performance and
reflects the fact that our reinvention strategy continues to gain traction
CEO Compensation: As Reported vs. Realized
In $ millions
0510 15
As Reported
Realized
2014
2013
2012
6.7
11.7
6.8
10.8
10.0
6.5
Total Shareholder Return
1 Year 3 Year 5 Year
Staples +35% +18% -16%
S&P 500 +14% +62% +106%
S&P Retail +20% +98% +197%
For 2012, 88% of Realized Compensation was attributable
to exercise of expiring 2002 stock options and vesting of
restricted stock granted in prior years
Realized Compensation has been flat since implementation
of performance shares in 2013 and equals 60% of reported
pay over the two year period
No Annual Cash Incentive was earned in 2012 or 2013
1 As Reported Pay includes Base Salary, Actual Annual and Long-Term Cash Incentives earned and the grant date fair value of Long-Term
Equity Awards as reported in the Summary Compensation Table for the applicable year.
2 Realized Compensation includes Base Salary and Actual Annual and Long-Term Cash incentives earned as reported in the Summary
Compensation Table, plus the value of Stock Options exercised or Stock Awards vested for the applicable year.