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EXECUTIVE COMPENSATION AND COMPENSATION DISCUSSION AND ANALYSIS
40 STAPLES Notice of Annual Meeting of Stockholders
3 Year Performance Period Achievement
(2013 – 2015)
FY13 FY14 FY15
RONA % Actual Results 10.10% 8.95% 9.03%
Target Goal 10.89% 8.90% 9.16%
Weighting 50% 50% 50%
Achievement % 42.69% 103.55% 90.85%
Sales Growth % Actual Results -4.60% -0.61% -2.22%
Target Goal -1.40% 2.29% 1.2%
Weighting 50% 50% 50%
Achievement % 56.79% 70.97% 66.02%
Plan Year Achievement 49.74% 87.26% 78.44%
Total Achievement 71.81%
Actual % payout after -25% TSR modifier applied (71.81% x 75%) 53.86%
The goal achievement for 2014 and 2015 will also be applied
to the corresponding annual goals for our 2014-2016
performance share awards granted in March 2014, and our
2015-2017 performance share awards granted in March
2015. In 2016, we moved to cumulative three-year goals for
our performance share awards, in response to shareholder
feedback. The target awards for the grants made in 2014 and
2015 are set forth below.
3 Year Performance Period Achievement
(2014 – 2016)
2014
(RONA% and
Sales Growth%)
2015
(RONA% and
Sales Growth%)
2016
(RONA% and
Sales Growth%)
87.26% 78.44% TBD
Target
Award ($) Target Award
(Shares)
Ronald L. Sargent $8,225,000 613,806
Christine T. Komola $2,169,100 161,874
Joseph G. Doody $2,169,100 161,874
Demos Parneros $2,169,100 161,874
John Wilson $2,169,100 161,874
* Achievement against 2016 goals will be determined by the Committee in March 2017
3 Year Performance Period Achievement
(2015 – 2017)
2015
(RONA% and
Sales Growth%)
2016
(RONA% and
Sales Growth%)
2017
(RONA% and
Sales Growth%)
78.44% TBD TBD
Target
Award ($) Target Award
(Shares)
Ronald L. Sargent $8,225,000 495,781
Christine T. Komola $2,169,100 130,748
Joseph G. Doody $2,169,100 130,748
Demos Parneros $2,169,100 130,748
John Wilson $2,169,100 130,748
* Achievement against 2016 and 2017 goals will be determined by the Committee in March 2017 and March 2018, respectively.