CenturyLink 2015 Annual Report Download - page 72
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Please find page 72 of the 2015 CenturyLink annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.with participating in recreational activities scheduled during board retreats. For additional information, see
“Compensation Discussion and Analysis — Our Compensation Program Objectives and Components of
Pay — Other Benefits — Perquisites.”
(5) Mr. Hussain commenced employment with us on October 27, 2014. Mr. Hussain received a cash signing
bonus of $100,000 as part of his negotiated employment package. Mr. Hussain’s annual incentive bonus
with respect to 2014 was prorated based on the number of days worked during 2014.
(6) Ms. Puckett’s employment with us ended on August 31, 2015. Consequently, Ms. Puckett forfeited the
restricted stock awards granted to her in early 2015. Ms. Puckett’s annual incentive bonus with respect to
2015 was prorated based on the number of days worked during 2015. For additional information, see
“— Potential Terminations Payments — Amounts Paid to Former Executive.”
Incentive Compensation and Other Awards
2015 Awards.The table and discussion below summarize:
• the range of potential cash payouts under short-term incentive bonus awards that were granted to each
named officer on the dates indicated below with respect to performance during 2015, and
• grants of long-term compensation awarded to each named officer on the dates indicated below,
consisting of (i) the number of shares of time-vested restricted stock awarded, (ii) the range of potential
share payouts under relative performance-based restricted stock awards and (iii) the range of potential
share payouts under absolute performance-based restricted stock awards, which for purposes of the
table below are referred to as the time-vested awards, the relative performance awards and the absolute
performance awards, respectively.
Grants of Plan-Based Awards
Name
Type of Award
and Grant Date(1)
Range of Payouts Under 2015 Non-
Equity Incentive Plan Awards(2)
Estimated Future Share Payouts Under
Equity Incentive Plan Awards(3)
All other
Stock
Awards:
Unvested
Shares
(#)(4)
Grant
Date Fair
Value
of Stock
Awards
($)(5)
Threshold
($)
Target
($)
Maximum
($)
Threshold
(#)
Target
(#)
Maximum
(#)
Current Executives:
Glen F. Post, III ......... Annual Bonus $1,093,750 $2,187,500 $4,375,000 — — — — —
Time-Vested Award — — — — — — 87,760 $3,214,649
Relative Performance Award — — — 32,910 65,820 131,640 — 2,407,037
Absolute Performance Award — — — 32,910 65,820 131,640 — 1,656,031
R. Stewart Ewing, Jr. ..... Annual Bonus 365,000 730,000 1,460,000 — — — — —
Time-Vested Award — — — — — — 16,106 589,963
Relative Performance Award — — — 6,040 12,080 24,160 — 441,766
Absolute Performance Award — — — 6,040 12,080 24,160 — 303,933
Stacey W. Goff ......... Annual Bonus 296,016 592,032 1,184,064 — — — — —
Time-Vested Award — — — — — — 13,009 476,520
Relative Performance Award — — — 4,879 9,757 19,514 — 356,813
Absolute Performance Award — — — 4,879 9,757 19,514 — 245,486
Aamir Hussain .......... Annual Bonus 237,505 475,010 950,020 — — — — —
Time-Vested Award — — — — — — 14,454 529,450
Relative Performance Award — — — 5,421 10,841 21,682 — 396,455
Absolute Performance Award — — — 5,421 10,841 21,682 — 272,760
David D. Cole .......... Annual Bonus 217,341 434,681 869,362 — — — — —
Time-Vested Award — — — — — — 11,770 431,135
Relative Performance Award — — — 4,414 8,827 17,654 — 322,803
Absolute Performance Award — — — 4,414 8,828 17,656 — 222,112
Former Executive:
Karen A. Puckett(6) ....... Annual Bonus 270,500 541,000 1,082,000 — — — — —
Time-Vested Award — — — — — — 23,579 863,699
Relative Performance Award — — — 8,842 17,684 35,368 — 646,704
Absolute Performance Award — — — 8,843 17,685 35,370 — 444,955
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