Starwood 2010 Annual Report Download - page 49

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Shares. No separate Compensation Committee approval was required for award of these deferred stock units,
which are provided by plan terms.
(7) This award vests on the third anniversary of the grant date, except with respect to Mr. Siegel whose awards as of
September 4, 2010, vest quarterly in equal installments over three years due to his retirement eligible status, as
defined in the LTIP.
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 2010. 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 2011 relating to his 2010 performance. The
table below sets forth 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 ........ 1,250,000 200% 2,500,000 3,000,000 750,000 997,500
Avril ............... 751,750 100% 751,750 902,100 225,525 299,948
Prabhu ............. 751,750 100% 751,750 902,100 225,525 299,948
Siegel ............... 638,490 100% 638,490 766,188 191,547 254,758
Turner .............. 648,750 100% 648,750 778,500 194,625 258,851
The following factors contributed to the Compensation Committee’s determination of the 2010 Executive Plan
awards for the Named Executive Officers:
• the Company’s 2010 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