Freddie Mac 2015 Annual Report Download - page 376

Executive Compensation 2015 Compensation Information for NEOs
Freddie Mac 2015 Form 10-K 374
Thrift/401(k)
Plan
Contributions SERP Benefit Accruals
Interest on
Fixed Deferred
Salary Perquisites
Mr. Layton $ 22,525 $ 33,409 $ 1,024 $ —
Mr. Mackey 22,525 62,149 2,000 —
Mr. Hutchins 22,525 55,657 1,477 —
Mr. Lowman 22,525 62,149 2,000 —
Mr. McDavid 22,525 62,149 1,650 —
Employer contributions to the Thrift/401(k) Plan are generally available on the same terms to all of our employees. After the first
year of employment, we match up to 6% of eligible compensation at 100% of the employee’s contributions. Employee
contributions and our matching contributions are invested in accordance with the employee’s investment elections and are
immediately vested. Employees receive an additional employer contribution to our Thrift/401(k) Plan equal to 2.5% of
compensation earned in the prior year and are automatically vested in that contribution. For additional information regarding
the SERP Benefit, see “— Nonqualified Deferred Compensation.”
Perquisites are valued at their aggregate incremental cost to us. During the years reported, the aggregate value of perquisites
received by all NEOs was less than $10,000. In accordance with SEC rules, amounts shown under “All Other Compensation”
do not include perquisites for an NEO that, in the aggregate, amount to less than $10,000.
(6) Amounts reported for Mr. Hutchins in the Salary-Earned During Year, Salary-Deferred and Non-Equity Incentive Plan
Compensation columns are less than the corresponding annual target amounts because he took additional vacation as leave
without pay during 2015.
GRANTS OF PLAN-BASED AWARDS
The following table contains information concerning grants of plan-based awards to each of the NEOs
during 2015. The Purchase Agreement prohibits us from issuing equity securities without Treasury’s
consent. No stock awards were granted during 2015. For a description of the performance and other
measures used to determine payouts, see “— Elements of Target Total Direct Compensation,” “—
Determination of 2015 Target TDC for NEOs,” “— Determination of At-Risk Deferred Salary,” and “— 2015
Deferred Salary.”