Starwood 2012 Annual Report Download - page 61

STARWOOD HOTELS & RESORTS WORLDWIDE, INC.-2013Proxy Statement 55
EXECUTIVE COMPENSATION
2012 Summary Compensation Table
The table below sets forth a summary of the compensation earned by the named executive offi cers for up to the past three years:
Name and Principal Position Year Salary ($)(1)
Bonus
($)(2)
Stock
Awards
($)(3)
Option
Awards
($)(4)
Non-Equity
Incentive Plan
Compensation
($)(5)
All Other
Compensation
($)(6)
Total
($)
Frits van Paasschen
Chief Executive Offi cer andPresident
2012 1,250,000 — 4,327,101 1,172,036 2,300,000 53,902 9,103,039
2011 1,250,000 — 3,997,530 1,125,465 2,450,000 32,863 8,855,858
2010 1,208,333 — 3,956,262 1,210,395 3,000,000 19,927 9,394,917
Vasant M. Prabhu
Vice Chairman
andChiefFinancial Offi cer
2012 764,279 — 2,310,809 639,296 705,443 10,000 4,429,827
2011 751,750 — 2,174,427 630,256 736,715 11,198 4,304,346
2010 733,235 — 2,312,035 726,243 902,100 9,800 4,683,413
Sergio D. Rivera
Co-President, The Americas
2012 669,912 — 1,258,469 255,726 1,764,240 26,894 4,005,241
Kenneth S. Siegel
Chief Administrative Offi cer,
General Counsel and Secretary
2012 638,490 12,770 1,476,605 404,877 587,411 10,000 3,130,153
2011 638,490 — 1,600,725 461,442 625,720 11,981 3,338,358
2010 634,582 — 1,468,148 459,953 766,188 9,800 3,338,671
Simon M. Turner
President, Global Development
2012 763,991 — 1,310,690 1,065,480 705,443 10,000 3,855,604
2011 733,142 — 1,314,216 1,125,465 735,020 9,800 3,917,643
2010 644,792 — 693,824 1,888,226 778,500 9,800 4,015,142
Matthew E. Avril
Former President, Hotel Group
2012 764,279 — 1,710,765 468,818 352,722 26,891 3,323,475
2011 751,750 — 1,574,435 450,186 736,715 10,557 3,523,643
2010 747,292 — 1,550,838 484,167 902,100 9,901 3,694,298
(1) Represents salary actually earned during the fiscal year listed.
(2) Represents a lump sum cash payment equal to 2% of Mr. Siegel’s 2012 base salary, which lump sum payment was provided instead of a salary increase for 2012. For more
information about this payment, see the section entitled 2012 Base Salary and Discretionary Payment beginning on page 42 of this proxy statement.
(3) Represents the grant date fair value for restricted stock and restricted stock unit awards granted during the year computed in accordance with Financial Accounting Standards
Board Accounting Standards Codification Topic 718, or ASC718. For additional information, refer to Note22 of our financial statements filed with the SEC as part of the
Form10-K for the year ended December31, 2012. These amounts reflect the grant date fair value for these awards and do not correspond to the actual value that will be
recognized by the named executive officers. See the 2012 Grants of Plan-Based Awards Table on page56 of this proxy statement for information on awards granted
in 2012.
(4) Represents the grant date fair value for stock option awards granted during the year computed in accordance with ASC718. For additional information, refer to Note22 of our
financial statements filed with the SEC as part of the Form10-K for the year ended December31, 2012. These amounts reflect the grant date fair value for these awards and
do not correspond to the actual value that will be recognized by the named executive officers. See the 2012 Grants of Plan-Based Awards Table on page56 of this
proxy statement for information on awards granted in 2012.
(5) Represents cash awards paid in March2013 with respect to performance in 2012, as discussed under the section entitled 2012 Annual Incentive Compensation
beginning on page 43 of this proxy statement and the payout for a special long-term cash incentive award for Mr. Rivera, as discussed under the section entitled 2012 Long-
Term Incentive Compensation beginning on page47 of this proxy statement. Cash incentive awards disclosed for 2011 include the following 2011 amounts that were
converted into restricted stock units in 2012 and such number of restricted stock units was increased by 33% in accordance with the Executive Plan (no amounts earned for
2012 performance were so deferred, as that program was discontinued with respect to the 2012 annual incentive program):
Name 2011AmountDeferred
van Paasschen 612,500
Prabhu 184,179
Rivera 177,057
Siegel 156,430
Turner 183,755
Avril 184,179
(6) The amounts reported in “All Other Compensation” for 2012 include our contributions to the Savings Plan of $10,000 for each NEO, life insurance premiums for Mr.van
Paasschen, chauffeured car service for Mr. van Paasschen of $16,732, company reimbursement for Mr. Rivera’s relocation of $16,894, and tax gross-up payments (including a
payment to Mr.van Paasschen in the amount of $12,361). Each officer’s perquisites and personal benefits for 2012 are less than $10,000, and no other item reported in this
column for 2012 has a value that exceeds $10,000 with the exception of spousal travel expenses for Mr. Avril of $11,985.