Starwood 2009 Annual Report Download - page 46

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VI. NARRATIVE DISCLOSURE TO SUMMARY COMPENSATION TABLE AND GRANTS OF
PLAN-BASED AWARDS SECTION
We describe below the Executive Plan awards granted to our Named Executive Officers for 2009. These
awards are reflected in both the Summary Compensation Table on page 34 and the Grants of Plan-Based Awards
section on page 36.
Each of the Named Executive Officers received an award in March 2010 relating to his 2009 performance. The
table below presents for each Named Executive Officer his salary, target award as both a percentage of salary and a
dollar amount, actual award, the portion of the award that is deferred into restricted stock units and the related 33%
increase in his restricted stock units.
Name
Salary
($)
Award
Target
Relative
to Salary
(%)
Award
Target
($)
Actual
Award
($)
Award Deferred
into Restricted
Stock/Restricted
Stock Units
($)
Increased
Award
Deferred into
Restricted
Stock/Restricted
Stock Units
($)
van Paasschen(1) ...... 1,000,000 200% 2,000,000 1,700,000 425,000 565,250
Avril ............... 725,000 100% 725,000 616,250 154,063 204,904
Prabhu(2) ........... 640,658 100% 640,658 544,559 136,140 181,066
Siegel ............... 615,039 100% 615,039 522,784 130,696 173,826
Turner .............. 625,000 100% 625,000 531,250 132,813 176,641
(1) Mr. van Paasschen received an additional one-time special bonus enhancement of $800,000 relating to his 2009
performance, of which 25%, or $200,000, was deferred into restricted stock units. Following the 33% increase,
the amount deferred in respect of the one-time special bonus enhancement was $266,000.
(2) Mr. Prabhu received an additional one-time special bonus enhancement of $207,191 relating to his 2009
performance, of which 25%, or $51,798 was deferred into restricted stock units. Following the 33% increase,
the amount deferred in respect of the one-time special bonus enhancement was $68,891.
The following factors contributed to the Compensation Committee’s determination of the 2009 Executive Plan
awards for the Named Executive Officers:
• the Company’s 2009 financial performance as measured by EBIDTA and earnings per share;
• the strategic and operational performance goals for each Named Executive Officer that link individual
contributions to execution of our business strategy and major financial and operating goals; and
• the bonuses paid to executive officers performing comparable functions in peer companies,
as further described in the Annual Incentive Compensation assessment commencing on page 23 above.
37