Alaska Airlines and Horizon Air 2010 Annual Report Download - page 79

The amounts reported in Column (e) of the table above also include the grant date fair value of performance-based stock unit
awards granted in 2008 and 2010 to the Named Executive Officers based on the probable outcome (determined as of the
grant date) of the performance-based conditions applicable to the awards. Performance-based stock unit awards were not
granted in 2009. The following table presents the aggregate grant date fair value of these awards included in Column (e) for
2008 and 2010 and the aggregate grant date value of these awards assuming that the highest level of performance
conditions will be achieved.
2008 Performance Awards 2010 Performance Awards
Name
Aggregate Grant
Date Fair Value
(Based on Probable
Outcome)
($)
Aggregate Grant
Date Fair Value
(Based on Maximum
Performance)
($)
Aggregate Grant
Date Fair Value
(Based on Probable
Outcome)
($)
Aggregate Grant
Date Fair Value
(Based on Maximum
Performance)
($)
William S. Ayer 607,529 1,215,058 372,512 745,024
Glenn S. Johnson 252,908 505,816 1,264,476 1,450,732
Bradley D. Tilden 316,135 632,270 289,362 578,724
Benito Minicucci 31,064 62,127 176,278 352,556
Jeffrey D. Pinneo 214,422 428,844 149,670 299,340
Brandon S. Pedersen 41,757 83,515 48,892 97,784
(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 (defined benefit plan) as well as earnings on each Named Executive Officer’s
account under the Nonqualified Deferred Compensation Plan. For Mr. Minicucci and Mr. Pedersen, Company contributions to
the Defined-Contribution Officers Supplementary Retirement Plan (DC-OSRP) in lieu of the defined-benefit plan are reported in
Column (i) and detailed in the table in Footnote (4) below.
(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; and accidental death and dismemberment insurance premiums. 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
Company
Contribution
to DC-OSRP
Account
Term Life
Insurance
Premiums
(and Taxes Paid)
Medical
Insurance
Paid
Perquisite
Allowance
Travel Taxes
Paid Other
William S. Ayer 7,350 N/A 2,977(1,708) 10,728 47,446 21,044 1,987
Glenn S. Johnson(5) 5,365 N/A 1,593(914) 10,687 36,000 11,229 2,557
Bradley D. Tilden 7,350 N/A 1,224(702) 10,728 44,515 13,407 2,050
Benito Minicucci 14,700 45,718 354(203) 10,728 33,554 9,909 2,951
Jeffrey D. Pinneo 16,500 N/A 690(396) 9,843 27,688 10,312 1,331
Brandon S. Pedersen 13,163 25,730 277(159) 10,728 26,327 10,703 1,371
(5) Mr. Johnson was elected President of Horizon Air Industries, Inc. in June 2010. Previously he was Executive Vice President/
Finance and CFO of Alaska Air Group, Inc. The Compensation Committee granted a special performance stock unit award to
Mr. Johnson upon his election to president of Horizon Air on 6/10/10. 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, the amount shown in column (h) of the Summary Compensation Table
includes $574,992 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.
(6) 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 and 2010
compensation data is included.
ŠProxy
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