Western Union 2015 Annual Report Download - page 69

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NOTICE OF 2016 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
2016 Proxy Statement | 51
COMPENSATION DISCUSSION AND ANALYSIS
• Retention Awards. In early 2015, the committee awarded
Mr. Thompson a restricted stock unit award with a
grant value of $300,000 for retention purposes. This
restricted stock unit award is scheduled to vest in three
equal installments on February 20, 2016, 2017 and
2018, respectively, subject to Mr. Thompson’s continued
employment through each vesting date.
Diane Scott
Former Executive Vice President, Chief Marketing Officer
In February 2015, the Compensation Committee set
Ms. Scott’s 2015 compensation levels after considering the
input of the Compensation Consultant and market data.
• Base Salary. For 2015, Ms. Scott’s annual base salary was
increased from $500,000 to $518,000.
• Annual Incentive Plan Target and Payout Level. Ms. Scott’s
annual incentive target was increased from $425,000
to $440,300, as a result of Ms. Scott’s 2015 base salary
increase. The maximum Annual Incentive Plan award that
Ms. Scott could have earned during 2015 was 150% of
Ms. Scott’s target, or $660,450. Ms. Scott’s 2015 Annual
Incentive Plan award payout was $504,144, reflecting a
blended payout of 115% of target based on the Company’s
achievement of the corporate and strategic performance
goals and Ms. Scott’s achievement of her individual/
business unit performance goals.
• Long-Term Incentive Award. For 2015, no changes were
made to Ms. Scott’s long-term incentive award target.
Accordingly, Ms. Scott’s long-term incentive award target
remained at $1,100,000.