E-Z-GO 2015 Annual Report Download - page 65

Download and view the complete annual report

Please find page 65 of the 2015 E-Z-GO 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.

Page out of 88

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88


7KHVWRFNRSWLRQDFWLYLW\GXULQJLVSURYLGHGEHORZ
(
O
p
tions in thousands
)
Number of
O
p
tions
Weighted-
Average
Exercise
Price
2XWVWDQGLQJDWEHJLQQLQJRI\HDU   
*UDQWHG  
([HUFLVHG  
)RUIHLWHGRUH[SLUHG  
2XWVWDQGLQJDWHQGRI\HDU   
([HUFLVDEOHDWHQGRI\HDU   
$W-DQXDU\  RXU RXWVWDQGLQJ RSWLRQVKDG DQ DJJUHJDWHLQWULQVLF YDOXH RI  PLOOLRQDQG D ZHLJKWHGDYHUDJHUHPDLQLQJ
FRQWUDFWXDO OLIH RI VL[ \HDUV  2XU H[HUFLVDEOH RSWLRQV KDG DQ DJJUHJDWH LQWULQVLF YDOXH RI  PLOOLRQ DQG D ZHLJKWHGDYHUDJH
UHPDLQLQJFRQWUDFWXDOOLIHRIILYH\HDUVDW-DQXDU\7KHWRWDOLQWULQVLFYDOXHRIRSWLRQVH[HUFLVHGGXULQJDQG
ZDVPLOOLRQPLOOLRQDQGPLOOLRQUHVSHFWLYHO\
Restricted Stock Units
:HLVVXHUHVWULFWHGVWRFNXQLWVVHWWOHGLQERWKFDVKDQGVWRFNYHVWLQJRQHWKLUGHDFKLQWKHWKLUGIRXUWKDQGILIWK\HDUIROORZLQJWKH
\HDURIWKHJUDQWZKLFKLQFOXGHWKHULJKWWRUHFHLYHGLYLGHQGHTXLYDOHQWV7KH IDLU YDOXH RI WKHVH XQLWV LV EDVHG RQ WKH WUDGLQJ
SULFHRIRXUFRPPRQVWRFNDQGLVUHFRJQL]HGUDWDEO\RYHUWKHYHVWLQJSHULRG)RUXQLWVSD\DEOHLQVWRFNZHXVHWKHWUDGLQJSULFH
RQWKHJUDQWGDWHZKLOHXQLWVSD\DEOHLQFDVKDUHUHPHDVXUHGXVLQJWKHSULFHDWHDFKUHSRUWLQJSHULRGGDWH3ULRUWRZHLVVXHG
UHVWULFWHG VWRFN XQLWV WKDW YHVWHG LQ HTXDO LQVWDOOPHQWV RYHU ILYH \HDUV 7KH  DFWLYLW\ IRU UHVWULFWHG VWRFN XQLWV LV SURYLGHG
EHORZ
Units Pa
y
able in Stock Units Pa
y
able in Cash
(
Shares/Units in thousands
)
Number of
Shares
Weighted-
Average Grant
Date Fair Value
Number of
Units
Weighted-
Average Grant
Date Fair Value
2XWVWDQGLQJDWEHJLQQLQJRI\HDUQRQYHVWHG      
*UDQWHG    
9HVWHG    
)RUIHLWHG    
2XWVWDQGLQJDWHQGRI\HDUQRQYHVWHG      
7KHIDLUYDOXHRIWKHUHVWULFWHGVWRFNDZDUGVWKDWYHVWHGDQGRUDPRXQWVSDLGXQGHUWKHVHDZDUGVLVDVIROORZV
(
In millions
)
2015 2014 2013
)DLUYDOXHRIDZDUGVYHVWHG      
&DVKSDLG   
Performance Share Units
7KHIDLUYDOXHRIVKDUHEDVHGFRPSHQVDWLRQDZDUGVDFFRXQWHGIRUDVOLDELOLWLHVLQFOXGHVSHUIRUPDQFHVKDUHXQLWVZKLFKDUHSDLGLQ
FDVKLQWKHILUVWTXDUWHURIWKH\HDUIROORZLQJYHVWLQJ3D\RXWVXQGHUSHUIRUPDQFHVKDUHXQLWVYDU\EDVHGRQFHUWDLQSHUIRUPDQFH
FULWHULDJHQHUDOO\VHWIRUHDFK\HDURIDWKUHH\HDUSHUIRUPDQFHSHULRG7KHSHUIRUPDQFHVKDUHXQLWVYHVWDWWKHHQGRIWKUHH\HDUV
7KHIDLUYDOXHRIWKHVHDZDUGVLVEDVHGRQWKHWUDGLQJSULFHRIRXUFRPPRQVWRFNDQGLVUHPHDVXUHGDWHDFKUHSRUWLQJSHULRGGDWH
7KHDFWLYLW\IRURXUSHUIRUPDQFHVKDUHXQLWVLVDVIROORZV
(
Units in thousands
)
Number of
Units
Weighted-
Average
Grant Date
Fair Value
2XWVWDQGLQJDWEHJLQQLQJRI\HDUQRQYHVWHG  
*UDQWHG  
9HVWHG  
)RUIHLWHG  
2XWVWDQGLQJDWHQGRI\HDUQRQYHVWHG   
7(;7521$118$/5(3257