Fannie Mae 2009 Annual Report Download - page 225

COMPENSATION TABLES
Summary Compensation Table for 2009, 2008 and 2007
The following table shows summary compensation information for 2009, 2008 and 2007 for the named
executives.
Name and
Principal Position Year
Salary
($)
(1)
Bonus
($)
(2)
Stock
Awards
($)
(3)
Non-Equity
Incentive
Plan
Compensation
($)
(4)
Change in
Pension
Value and
Nonqualified
Deferred
Compensation
Earnings
($)
(5)
All Other
Compensation
($)
(6)
Total
($)
(7)
Michael Williams
(8)
................... 2009 860,523 2,867,200 — 2,051,100 790,803 111,180 6,680,806
President and Chief Executive Officer 2008 676,000 871,000 4,783,993 — 724,874 43,034 7,098,901
2007 697,164 — 5,247,443 1,189,760 359,279 55,418 7,549,064
Herbert Allison
(9)
.................... 2009 — — — — — 330,858 330,858
President and Chief Executive Officer 2008 — — — — — 58,260 58,260
David Johnson
(10)
.................... 2009 675,000 1,700,000 — 1,035,000 — 192,365 3,602,365
Executive Vice President and Chief Financial
Officer
2008 48,077 — — — — 962 49,039
Kenneth Bacon
(11)
.................... 2009 550,800 1,069,600 — 1,017,000 288,324 56,996 2,982,720
Executive Vice President—Housing and
Community Development
2008 527,262 670,000 1,999,998 — 271,981 58,800 3,528,041
David Benson . . ..................... 2009 519,231 1,369,667 — 1,282,800 125,157 47,815 3,344,670
Executive Vice President—Capital Markets
Timothy Mayopoulos
(12)
................ 2009 439,346 1,278,610 — 842,601 — 87,138 2,647,695
Executive Vice President, General Counsel
and Corporate Secretary
(1)
Calendar year 2009 contained 27 biweekly pay periods, rather than the usual 26 biweekly pay periods. As a result,
salary amounts for 2009 are slightly higher to reflect the additional biweekly pay period.
(2)
Amounts shown for 2009 in the “Bonus” column consist of the entire amount of 2009 deferred pay. Except for
Messrs. Williams and Mayopoulos, this deferred pay will be paid in four equal installments in March, June,
September and December 2010. These amounts generally will be paid only if the named executive remains employed
by us on the payment date. More information about deferred pay is presented in “Compensation Discussion and
Analysis—Elements of 2009 Compensation—What are the elements of our 2009 executive compensation
arrangements?” More information on Mr. Williams’ 2009 compensation is provided in footnote 8 below and more
information on Mr. Mayopoulos’ 2009 compensation is provided in footnote 12 below.
(3)
Amounts shown in the “Stock Awards” column represent the aggregate grant date fair value of restricted stock
granted during the applicable year computed in accordance with the accounting standards for stock compensation.
The amounts shown exclude the impact of estimated forfeitures related to service-based vesting conditions. Amounts
for 2008 and 2007 in the “Stock Awards” and “Total” columns have been recomputed to reflect the aggregate grant
date fair value of the restricted stock granted during each year in accordance with the accounting standards for stock
compensation, rather than the amount recognized for financial statement purposes with respect to the restricted stock
during each year. The grant date fair value of restricted stock for each year is the average of the high and low trading
price of our common stock on the date of grant.
(4)
Amounts shown for 2009 in the “Non-Equity Incentive Plan Compensation” column include long-term incentive
awards awarded based on 2009 corporate and individual performance. The amount of this award was $1,665,000 for
Mr. Williams, $1,035,000 for Mr. Johnson, $720,000 for Mr. Bacon, $837,300 for Mr. Benson and $842,601 for
Mr. Mayopoulos. These long-term incentive awards are payable in two equal installments. The first installment was
paid in February 2010 and the second installment will be paid in the first quarter of 2011. These amounts generally
will be paid only if the named executive remains employed by us on the payment date. More information about these
long-term incentive awards is presented in “Compensation Discussion and Analysis— Elements of 2009
Compensation—What are the elements of our 2009 executive compensation arrangements?”
Amounts shown for 2009 in the “Non-Equity Incentive Plan Compensation” column for Messrs. Williams, Bacon and
Benson also include the performance-based portion of their 2008 Retention Program award, which was based on
2009 corporate performance. The amount of this award was $386,100 for Mr. Williams, $297,000 for Mr. Bacon and
$445,500 for Mr. Benson. This portion of the 2008 Retention Program award was paid in February 2010.
Messrs. Allison, Johnson and Mayopoulos did not receive 2008 Retention Program awards.
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