CenturyLink 2015 Annual Report Download - page 51
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Actual Payouts of Absolute Revenue Performance-Based Restricted Stock
Grant Year
Performance
Period Performance Goal
Absolute Revenue
Target
Company’s
Performance
Actual
Payout
%
2013 ................... 2013 — 2015 Sum of Absolute Revenue
Targets over Three-Year
Performance Period
$49.125 million 99.5% 92.6%
Realizable Pay for our CEO. The chart below illustrates the realizable pay for 2013, 2014 and 2015 for our
CEO, most of which was “at risk” variable compensation. We calculate realizable pay for a given year by adding
together the (i) actual salary paid during the year, (ii) short-term incentive (“STI”) bonus that was ultimately paid
out for performance during that year, (iii) the value of time-vested restricted stock awards (“RSAs”) and
performance-based restricted stock awards (“PSAs”) that vested during the year and (iv) the RSAs and PSAs that
are projected to vest based on actual performance through the end of the year, valuing the shares based on the
closing price of our common stock on the last business day of the year.
$0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000
2015 Realizable Pay
2015 Total Target Comp
2014 Realizable Pay
2014 Total Target Comp
2013 Realizable Pay
2013 Total Target Comp
2013-2015 Realizable Pay
Base Salary STI RSAs PSAs: Absolute Revenue PSAs: TSR
As this chart illustrates, our CEO’s realizable pay was 71%, 86% and 54% of his total target compensation
for years 2013, 2014 and 2015, respectively.
Significant Stock Ownership. Stock ownership guidelines further align executives and shareholders and
focus the executives on long-term success. We established our executive stock ownership guidelines after
discussions with some of our shareholders. Under our stock ownership guidelines as of the record date:
• Mr. Post held over $44.5 million in stock (including restricted shares), which was 35.6 times base
salary and 5.9 times greater than his target ownership level of six times base salary.
• Our other NEOs held an aggregate of over $6.4 million in stock (including restricted shares), which
was, on average, 11.8 times their respective base salaries and 3.9 times greater than their respective
target ownership level of three times base salary.
40