Starwood 2012 Annual Report Download - page 45
Download and view the complete annual report
Please find page 45 of the 2012 Starwood annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35 -
36 -
37 -
38 -
39 -
40 -
41 -
42 -
43 -
44 -
45 -
46 -
47 -
48 -
49 -
50 -
51 -
52 -
53 -
54 -
55 -
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
 |
 |
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.-2013Proxy Statement 39
EXECUTIVE COMPENSATION
59%
14%
27%
CEO COMPENSATION MIX
LTIBase Salary Bonus
TARGET
61%
19%
19%
NEO COMPENSATION MIX
LTIBase Salary Bonus
TARGET
In addition, our 2012 pay decisions were in line with changes in our stock price, measured both on an annual and three-year basis.
Our one-year and three-year total stockholder return results, measured as of the end of 2012, were 22% and 63%, respectively. As
the chart below indicates, a comparison of the compensation that we have reported in the Summary Compensation Table since 2009
for Mr. van Paasschen has moved in tandem with our annual total stockholder return over the past four years:
TSR CEO Compensation
STOCK RETURN PERFORMANCE vs. CEO COMPENSATION
2008 2010
2009 2012
2011
0
50
100
150
200
250
300
350
TSR assuming investment of $100 on
December 31, 2008 ($) CEO Compensation ($ 000)
4,500
5,500
6,500
7,500
8,500
9,500
10,500
11,500
We believe that this chart demonstrates that we have effectively
operated an executive compensation program that has closely
linked CEO pay changes to the stock price results experienced
by our stockholders under Mr. van Paasschen’s leadership. For
purposes of this chart, total stockholder return includes the
reinvestment of dividends and is calculated on a compounded
annual growth rate basis.
Our analysis of our recent results, stock price performance and
trends in CEO pay demonstrate to us that our CEO pay decisions
in both 2012 and in recent years are closely aligned with Company
performance, and refl ect a balanced and responsible approach
to executive compensation.
Compensation Best Practices
For 2012, we engaged in the following pay practices, which we
believe align with market best practices, with respect to our named
executive offi cer compensation program:
•
All Incentive Awards Subject to Clawback—all incentive
awards received by any senior vice president or more senior
offi cer, including our named executive offi cers, remain subject to
a clawback policy that mandates repayment in certain instances
where there is a restatement of our fi nancial statements.
•
No Hedging Activities Linked to Company Stock — our offi cers
and directors, including our named executive offi cers, were
required to refrain from engaging in any hedging or monetization
transaction directly linked to company stock.