Alaska Airlines and Horizon Air 2013 Annual Report Download - page 70

EXECUTIVE COMPENSATION
2013 SUMMARY COMPENSATION TABLE
The following table presents information regarding compensation of the CEO, the CFO and the
three other most highly compensated executive officers for services rendered during 2013.
These individuals are referred to as the Named Executive Officers in this Proxy Statement.
Name and
Principal
Position
(a)
Year
(b)
Salary
($)
(c)
Bonus
($)
(d)
Stock
Awards(1)
($)
(e)
Option
Awards(1)
($)
(f)
Non-Equity
Compen-
sation(2)
($)
(g)
Change in
Pension
Value and
Nonqualified
Deferred
Compen-
sation
Earnings(3)
($)
(h)
All
Other
Compen-
sation(4)
($)
(i)
Total
($)
(j)
Bradley D. Tilden 2013 425,000 — 1,062,879 556,715 812,900 — 62,038 2,919,532
President and CEO, 2012 419,614 — 3,160,012 442,002 684,528 883,208 102,008 5,691,372
Alaska 2011 388,269 — 649,780 336,498 445,649 543,728 87,040 2,450,964
Brandon S. Pedersen 2013 293,846 — 1,245,010 196,539 422,085 — 95,083 2,252,563
VP/Finance 2012 277,692 — 319,162 145,343 340,308 — 116,999 1,199,504
and CFO, Alaska 2011 260,961 — 176,544 91,052 229,585 — 113,149 871,291
Glenn S. Johnson 2013 335,000 — 558,618 292,606 452,798 71,547 65,526 1,776,095
President, Horizon Air 2012 320,308 — 517,034 222,992 392,414 564,533 77,203 2,094,484
Exec VP, Air Group 2011 308,846 — 416,840 214,435 306,889 513,009 74,207 1,834,226
Benito Minicucci 2013 329,615 — 558,618 292,606 473,324 — 107,564 1,761,727
Exec VP/Operations 2012 314,038 — 603,820 274,758 384,706 — 120,402 1,697,724
and COO, Alaska 2011 293,846 — 490,400 257,322 297,958 — 126,567 1,466,093
Keith Loveless(5) 2013 335,000 — 558,618 292,606 481,038 4,939 53,403 1,725,604
Exec VP and General 2012 333,462 — 508,063 144,945 360,836 791,793 73,293 2,212,392
Counsel, Alaska
(1) The amounts reported in Columns (e) and (f) of the Summary Compensation Table above reflect the fair value
of these awards on the grant date as determined under the principles used to calculate the value of equity
awards for purposes of the Company’s financial statements (disregarding any estimate of forfeitures related to
service-based vesting conditions). For a discussion of the assumptions and methodologies used to value the
awards reported in Column (e) and Column (f), please see the discussion of stock awards and option awards
contained in Note 11 (Stock-Based Compensation Plans) to the Company’s Consolidated Financial
Statements, included as part of the Company’s 2013 Annual Report filed on Form 10-K with the SEC and
incorporated herein by reference. For information about the stock awards and option awards granted in 2013
to the Named Executive Officers, please see the discussion under 2013 Grants of Plan-Based Awards below.
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 2011, 2012 and 2013 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. The following table presents the aggregate grant date fair value of these performance-based awards
included in Column (e) for 2011, 2012 and 2013, and the aggregate grant date value of these awards
assuming that the highest level of performance conditions will be achieved.
In 2012, the Committee awarded Mr. Tilden an additional 45,460 performance stock units in connection with
his election as CEO of the Company. The award, which was included with Mr. Tilden’s annual grant and has a
three-year performance period, represents four times Mr. Tilden’s 2012 base salary if target goals are met,
and can range from 0% if threshold performance is not reached to 200% of target if maximum performance is
achieved. The performance goals are based 50% on TSR relative to the Company’s peer group and 50% on
TSR relative to the Standard and Poors 500 Index, and are designed to pay out in proportion to the degree to
which similarly invested stockholders would be rewarded.
ŠProxy
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