Western Union 2013 Annual Report Download - page 77

59 | The Western Union Company – Proxy Statement
NOTICE OF 2014 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
Executive Compensation PROXY STATEMENT
The following table summarizes awards made to our named executive officers in 2013.
2013 Grants of Plan-Based Awards Table
Estimated Possible
Payouts Under
Non-Equity
Incentive Plan
Awards(1)
Estimated Future Payouts
Under Equity Incentive Plan
Awards
All Other
Option
Awards:
Number of
Securities
Underlying
Options
(#)(4)
Exercise
or Base
Price of
Option
Awards
($/sh)
Grant
Date
Fair
Value of
Stock
and
Option
Awards
($000)(5)
Name
Grant
Date
Approval
Date
Target
($000)
Maximum
($000)
Threshold
(#)
Target
(#)
Maximum
(#)
Hikmet Ersek 1,350.0 1,875.0
2/20/2013 2/20/2013 0 23,453 70,356(2) 375.0
2/20/2013 2/20/2013 71,429(3) 271,429(3) 571,430(3) 4,000.0
2/20/2013 2/20/2013 625,000 $14.00 2,000.0
Scott T. Scheirman 500.4 695.1
2/20/2013 2/20/2013 0 8,694(2) 26,081(2) 139.0
2/20/2013 2/20/2013 20,938(3) 79,563(3) 167,500(3) 1,172.5
2/20/2013 2/20/2013 180,469 $14.00 577.5
Rajesh K. Agrawal 364.5 506.3
2/20/2013 2/20/2013 0 6,333(2) 18,996(2) 101.3
2/20/2013 2/20/2013 15,554(3) 59,104(3) 124,430(3) 871.0
2/20/2013 2/20/2013 134,063 $14.00 429.0
J. David Thompson 405.0 562.5
2/20/2013 2/20/2013 0 7,036(2) 21,107(2) 112.5
2/20/2013 2/20/2013 14,357(3) 54,558(3) 114,858(3) 804.0
2/20/2013 2/20/2013 123,750 $14.00 396.0
John R. Dye 360.0 500.0
2/20/2013 2/20/2013 0 6,254(2) 18,762(2) 100.0
2/20/2013 2/20/2013 11,965(3) 45,465(3) 95,716(3) 670.0
2/20/2013 2/20/2013 103,125 $14.00 330.0
Footnotes:
(1) These amounts consist of the target and maximum cash award levels set in 2013 under the Annual Incentive
Plan. The amount actually earned by each named executive officer is included in the Non-Equity Incentive Plan
Compensation column in the 2013 Summary Compensation Table. Pursuant to the terms of the Separation
Agreement, Mr. Scheirman received a cash payment equal to his 2013 bonus under the Annual Incentive Plan, based
on actual performance. Please see “Compensation Discussion and Analysis” for further information regarding the
Annual Incentive Plan.
(2) These amounts represent the target and maximum restricted stock units granted under the Annual Incentive Plan. For
actively employed executives, these restricted stock units will vest in increments of 30% and 70%, respectively, on the
first and second anniversaries of February 20, 2014, subject to continued employment on each such vesting date and the
Company’s achievement of a 2014 threshold operating income goal of $500,000,000. In connection with his separation
from the Company and pursuant to the Separation Agreement, Mr. Scheirman forfeited this award. See “Narrative to
Summary Compensation Table and Grants of Plan-Based Awards Table” for further information regarding this award.
(3) These amounts represent the threshold, target and maximum performance-based restricted stock units granted
under the Long-Term Incentive Plan. For actively employed executives, these performance-based restricted stock
units are scheduled to vest on February 20, 2016, subject to the achievement of the threshold performance goals.
In connection with his separation from the Company and pursuant to the Separation Agreement, Mr. Scheirman will
receive a prorated payout of this award, based on actual achievement of the underlying performance goals and his
service during the performance period. See “Executive Compensation-Narrative to Summary Compensation Table and
Grants of Plan-Based Awards Table” for further information regarding this award.