Health Net 2015 Annual Report Download - page 132

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Actual Total Cash Compensation. The table below shows where actual total cash compensation (defined as the
sum of (i) base salary at December 31, 2015 and (ii) actual 2015 annual performance-based incentive cash paid) for 2015
was positioned in relation to target total cash compensation for 2015.
2015 Actual Total Cash Compensation
Named Executive Officer Base Salary
at 12/31/2015
Actual 2015
Incentive
Cash Award
(% of
Base Salary)
Actual 2015
Incentive
Cash Award
Paid
Actual Total
Cash
Compensation
(ATC)
Target Total
Cash
Compensation
(TTC) ATC as %
of TTC
Jay M. Gellert
President and Chief
Executive Officer
$1,230,000 270% $3,321,000 $4,551,000 $2,890,500 157%
James E. Woys
Executive Vice President,
Chief Financial and
Operating Officer and
Interim Treasurer
$787,838 200% $1,575,676 $2,363,514 $1,575,676 150%
Juanell Hefner
Chief Administration Officer $546,351 88% $480,789 $1,027,140 $983,432 104%
Steven D. Tough
President, Government
Programs
$576,823 88% $507,604 $1,084,427 $1,038,281 104%
Steven J. Sell
President, Western Region
Health Plan
$557,304 136% $757,933 $1,315,237 $1,003,147 131%
Long-Term Equity Compensation Program. As discussed above under “—What are the elements of named
executive officer compensation and why do we provide each element?—Long-Term Equity Incentive Compensation—
2015 Equity Grant Guidelines,” the 2015 annual equity grants were made using the Target LTI Value approach. The table
below shows where Target LTI Values set for 2015 were positioned in relation to the competitive market data for each of
our named executive officers.
2015 Target Long-Term Equity Compensation
Named Executive Officer Target
LTI Values(1)
50th
Percentile of
Market
Target LTI
Value as %
of 50th
Percentile of
Market(2)
Jay M. Gellert
President and Chief Executive Officer $ 6,200,000 $ 6,200,000 100%
James E. Woys
Executive Vice President, Chief Financial and Operating Officer
and Interim Treasurer
$ 1,883,000 $ 1,883,000 100%
Juanell Hefner
Chief Administration Officer $ 1,050,000 $ 1,169,000 90%
Steven D. Tough
President, Government Programs $ 1,050,000 $ 1,611,000 65%
Steven J. Sell
President, Western Region Health Plan $ 1,050,000 $ 1,332,000 79%
(1) Target LTI Values vary from the grant date fair values shown for such awards in the “Summary Compensation Table.” For a
description of how Target LTI Values are determined, see discussion above under “—What are the elements of named
executive officer compensation and why do we provide each element?—Long-Term Equity Incentive Compensation—2015
Equity Grant Guidelines.” For a description of how the grant date fair values shown for such awards in the “Summary
Compensation Table” are determined, see the footnotes thereto.
(2) Describes Target LTI Values as a percentage of 50th percentile of market based on the competitive market data provided by Semler. See
discussion above under “—Competitive compensation analysis for fiscal 2015.”