Alaska Airlines and Horizon Air 2009 Annual Report Download - page 63

Name Grant Date (b)
Estimated Future
Payouts Under Equity
Incentive Plan Awards Number of Units
Expected to Vest as of
December 31, 2009Threshold Target Maximum
William S. Ayer 1/31/07 2,625 10,500 22,100 0
2/8/08 5,525 22,100 44,200 5,525
Bradley D. Tilden 1/31/07 1,350 5,400 10,800 0
2/8/08 2,875 11,500 23,000 2,875
Glenn S. Johnson 1/31/07 273 1,090 2,180 0
2/8/08 2,300 9,200 18,400 2,300
Benito Minicucci 1/31/07 125 500 1,000 0
2/8/08 283 1,130 2,260 283
Jeffrey D. Pinneo 1/31/07 1,150 4,600 9,200 0
2/8/08 1,950 7,800 15,600 1,950
(2) Non-Equity Incentive Plan Compensation is Performance-Based Pay Plan compensation and Operational
Performance Rewards, further described in the “Compensation Discussion and Analysis” section above.
(3) The amount reported in Column (h) of the Summary Compensation Table above reflects the year-over-year
change in present value of accumulated benefits determined as of December 31 of each year for the
Retirement Plan for Salaried Employees and the Officers Supplementary Retirement Plan as well as earnings
on each Named Executive Officer’s account under the Nonqualified Deferred Compensation Plan. For
Mr. Minicucci, the amount represents Company contributions to the Officers Supplementary Retirement Plan
defined-contribution plan in lieu of the defined-benefit plan.
(4) The following table presents detailed information on the types and amounts of compensation reported for the
Named Executive Officers in Column (i) of the Summary Compensation Table. For Column (i), each perquisite
and other personal benefit is included in the total and identified and, if it exceeds the greater of $25,000 or
10% of the total amount of perquisites and other benefits for that officer, is quantified in the table below. All
reimbursements of taxes with respect to perquisites and other benefits are identified and quantified. Tax
reimbursements are provided for travel privileges unique to the airline industry. Also included in the total for
Column (i) are: the Company’s incremental cost of providing flight benefits; Alaska Airlines Board Room
membership; annual physical; accidental death and dismemberment insurance premiums; and perquisite
allowance. By providing positive-space travel without tax consequences to Named Executive Officers, we are
able to deliver a highly valued benefit at a low cost to the Company. In addition, we believe that this benefit
provides the opportunity for Named Executive Officers to connect with the Company’s frontline employees.
Name
Company
Contribution
to 401(k)
Account
Term Life
Insurance
Premiums
(and Taxes Paid)
Medical
Insurance
Premiums
Perquisite
Allowance
Travel Taxes
Paid Other
William S. Ayer $ 7,350 $1,223($704) $10,856 $44,862 $11,784 $1,645
Bradley D. Tilden $ 7,350 $611($351) $10,856 $42,369 $17,107 $2,671
Glenn S. Johnson $ 7,350 $862($496) $8,048 $37,385 $ 6,259 $1,256
Benito Minicucci $14,700 $321($183) $10,856 $31,154 $ 5,917 $1,511
Jeffrey D. Pinneo $16,500 $690($396) $9,343 $30,856 $10,589 $2,658
(5) Mr. Tilden was elected President of Alaska Airlines, Inc. in December 2008. His base salary is $340,000
effective December 4, 2008.
(6) Mr. Johnson was elected Executive Vice President/Finance and CFO of Alaska Air Group, Inc. in December
2008. His base salary is $300,000 effective December 4, 2008. In 2008, Mr. Johnson became partially
vested under the Supplementary Retirement Plan, and earned sufficient service under the Plan to accrue a
benefit payable at his Normal Retirement Age. As a result of these changes, $574,992 is included in the
Summary Compensation Table in Column (h) as the Change in Pension Value and is attributable to
Mr. Johnson’s vesting and service accruals under the Supplementary Retirement Plan during 2008. The
Supplementary Retirement Plan and the nonqualified benefits are payable over the long term after Mr. Johnson
retires from the Company.
(7) Mr. Minicucci was elected Executive Vice President/Operations and Chief Operating Officer of Alaska Airlines,
Inc. in December 2008 and was not a Named Executive Officer prior to 2009. As such, only Mr. Minicucci’s
2009 compensation data is included.
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