Western Union 2014 Annual Report Download - page 76

Executive Compensation PROXY STATEMENT
The Western Union Company – Proxy Statement | 58
NOTICE OF 2015 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
Executive Compensation
The following table contains compensation information for our named executive officers for the last three fiscal years.
2014 Summary Compensation Table
Name and Principal
Position Year
Salary
($000)(1)
Bonus
($000)
Stock
Awards
($000)(2)
Option
Awards
($000)(2)
Non-Equity
Incentive Plan
Compensation
($000)(3)
Change in
Pension Value
and Non-qualified
Deferred
Compensation
Earnings
($000)
All Other
Compensation
($000)(4)
Total
($000)
Hikmet Ersek(5) 2014 1,000.0 115.0(6) 4,478.1 1,200.0 1,314.8 — 133.9 8,241.8
President and Chief
Executive Officer
2013 1,000.0 — 4,375.0 2,000.0 1,260.0 — 140.9(7) 8,775.9
2012 987.5 — 3,758.9 1,980.0 — — 282.6(7) 7,009.0
Rajesh K. Agrawal 2014 472.0 93.4(8) 1,435.6 260.0 442.4 — 674.8 3,378.2
EVP and Chief
Financial Officer
2013 405.0 — 972.3 429.0 324.0 — 1,230.2 3,360.5
2012 405.0 — 814.4 429.0 97.2 — 960.6 2,706.2
Odilon Almeida 2014 600.0 193.2(9) 1,312.6 240.0 507.6 — 185.5 3,038.9
EVP, President, Americas and
European Union
2013 N/A N/A N/A N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A N/A N/A N/A
J. David Thompson 2014 500.0 9.0(10)1,118.0 240.0 459.0 — 50.4 2,376.4
EVP, Global Operations and
Chief Information Officer
2013 500.0 — 916.5 396.0 360.0 — 61.4 2,233.9
2012 344.7 158.6 2,453.8 330.0 74.7 — 64.7 3,426.5
John R. Dye 2014 500.0 208.0(11)838.9 200.0 376.0 — 11.7 2,134.6
EVP, General Counsel
and Secretary
2013 500.0 300.0 770.0 330.0 360.0 — 20.5 2,280.5
2012 500.0 404.0 469.9 247.5 96.0 — 603.4 2,320.8
Footnotes:
(1) Any salary adjustments, other than for Mr. Almeida, are effective as of March of each reporting year. Mr. Almeida’s
salary adjustment was effective as of January 1, 2014.
(2) The amounts reported in these columns for 2014 represent the annual equity grants to the named executive officers
under the Long-Term Incentive Plan and time-based restricted stock unit awards granted to Messrs. Agrawal,
Almeida, Thompson and Dye as promotion or retention/merit grants. The amounts reported in these columns
are valued based on the aggregate grant date fair value computed in accordance with FASB ASC Topic 718. The
amounts included in the Stock Awards column for the performance-based restricted stock units granted during
2014 are calculated based on the probable satisfaction of the performance conditions for such awards as of the
date of grant in 2014. Assuming the highest level of performance is achieved for the Financial PSUs, the maximum
value of the Financial PSUs at the grant date would be as follows: Mr. Ersek—$4,917,079; Mr. Agrawal—$1,065,377;
Mr. Almeida—$983,433; Mr. Thompson—$983,433; and Mr. Dye—$819,524. Under FASB ASC Topic 718, the
vesting condition related to the TSR PSUs is considered a market condition and not a performance condition.
Accordingly, there is no grant date fair value below or in excess of the amount reflected in the table above for the
named executive officers that could be calculated and disclosed based on achievement of the underlying market
condition. See Note 16 to the Consolidated Financial Statements included in our Annual Reports on Form 10-K for
the years ended December 31, 2014, 2013 and 2012, respectively, for a discussion of the relevant assumptions used
in calculating the amounts reported for the applicable year.
(3) For 2014, the amounts reflect the actual cash bonus received under the Annual Incentive Plan.
(4) Amounts included in this column for 2014 are set forth by category in the 2014 All Other Compensation Table below.