Fannie Mae 2013 Annual Report Download - page 197

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COMPENSATION TABLES
Summary Compensation Table for 2013, 2012 and 2011
The following table shows summary compensation information for 2013, 2012 and 2011 for the named executives. For more
information on the compensation reflected in this table, see the footnotes following the table.
Salary
($)
Non-Equity
Incentive
Plan
Compensation
($)
Name and
Principal Position Year Base Salary(1)
Fixed
Deferred
Salary
(Service-
Based)(2) Bonus ($)(3)
At-Risk
Deferred
Salary
(Performance-
Based)(4)
Long-Term
Incentive
Awards(5)
Change in
Pension
Value and
Nonqualified
Deferred
Compensation
Earnings
($)(6)
All Other
Compensation
($)(7) Total ($)
Timothy Mayopoulos(8) . . . . . 2013 599,615 — — — — — 87,969 687,584
President and Chief 2012 500,000 1,358,500 — 776,588 521,538 — 80,000 3,236,626
Executive Officer 2011 500,000 734,834 — 624,608 952,149 — 80,000 2,891,591
David Benson(8) . . . . . . . . . . . 2013 574,231 1,436,462 — 818,170 — 332,926 66,825 3,228,614
Executive Vice President 2012 500,000 1,264,000 — 737,100 465,000 321,555 13,350 3,301,005
and Chief Financial 2011 500,000 684,834 — 582,108 820,553 299,704 15,500 2,902,699
Officer
Susan McFarland(9) . . . . . . . . 2013 300,000 438,960 — 421,200 — — 72,000 1,232,160
Former Executive Vice 2012 600,000 1,416,000 800,000 734,400 181,150 — 100,013 3,831,563
President and Chief 2011 288,462 766,667 900,000 651,667 218,906 — 94,391 2,920,093
Financial Officer
Terence Edwards. . . . . . . . . . 2013 500,000 1,264,000 — 737,100 — — 81,000 2,582,100
Executive Vice President 2012 500,000 1,264,000 — 737,100 465,000 — 80,000 3,046,100
and Chief Operating 2011 500,000 684,834 — 582,108 854,744 — 80,000 2,701,686
Officer
Bradley Lerman. . . . . . . . . . . 2013 450,000 950,000 550,000 585,000 — — 36,000 2,571,000
Executive Vice President,
General Counsel and
Corporate Secretary
John Nichols . . . . . . . . . . . . . 2013 450,000 950,000 — 570,000 — — 70,477 2,040,477
Executive Vice President 2012 430,962 861,538 — 540,000 187,069 — 66,862 2,086,431
and Chief Risk Officer
__________
(1) Amounts shown in this sub-column consist of base salary paid during the year on a bi-weekly basis.
(2) Amounts shown in this sub-column for 2013 consist of the fixed, service-based portion of deferred salary. As described in footnote 4
below, the remaining portion of 2013 deferred salary is included in the “Non-Equity Incentive Plan Compensation” column because it is
performance-based. Deferred salary for 2013 generally will be paid in four equal installments in March, June, September and December
2014. Deferred salary for 2012 was paid to our named executives, including Mr. Mayopoulos, during 2013. More information about
2013 deferred salary is presented above in “Compensation Discussion and Analysis—Chief Executive Officer Compensation and 2013
Executive Compensation Program—Elements of 2013 Executive Compensation Program—Direct Compensation.” As described in
footnote 9 below, Ms. McFarland forfeited a portion of the 2012 fixed deferred salary reported in this sub-column as a result of her
departure from the company prior to January 31, 2014.
(3) Amounts shown in this column consist of installments of sign-on awards paid to the named executives in the years indicated. Under
their terms, paid installments of sign-on awards are subject to repayment if the executive chooses to leave Fannie Mae within one year
after payment. Ms. McFarland was granted a $1.7 million sign-on award in 2011, when she joined Fannie Mae. Her sign-on award was
paid as follows: $900,000 in July 2011, $600,000 in the first quarter of 2012, and $200,000 in July 2012. Ms. McFarland resigned as
Chief Financial Officer effective April 3, 2013, but remained employed by the company as a senior adviser until June 30, 2013. As
described in “Potential Payments Upon Termination or Change-in-Control,” the requirement that Ms. McFarland repay the final
$200,000 installment payment of her sign-on award was waived in connection with her execution of a release of claims. Mr. Lerman
was granted a sign-on award in 2012 when he joined Fannie Mae, of which the final $550,000 installment was paid in 2013.