Health Net 2015 Annual Report Download - page 133

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Target Total Direct Compensation. The table below shows where target total direct compensation (defined as the
sum of (i) target total cash compensation and (ii) Target LTI Value) for 2015 was positioned in relation to the competitive
market data for each of our named executive officers.
2015 Target Total Direct Compensation (TDC)
Named Executive Officer
Target Total
Cash
Compensation
(TTC)
Target
LTI
Values(1) Target TDC
TDC 50th
Percentile of
Market
Target TDC
as % of 50th
Percentile of
Market(2)
Jay M. Gellert
President and Chief Executive Officer
$ 2,890,500 $6,200,000 $9,090,500 $ 8,983,000 101%
James E. Woys
Executive Vice President, Chief
Financial and Operating Officer and
Interim Treasurer
$ 1,575,676 $1,883,000 $3,458,676 $ 3,383,000 102%
Juanell Hefner
Chief Administration Officer
$ 983,432 $1,050,000 $2,033,432 $ 2,204,000 92%
Steven D. Tough
President, Government Programs
$ 1,038,281 $1,050,000 $2,088,281 $ 2,961,000 71%
Steven J. Sell
President, Western Region Health Plan
$ 1,003,147 $1,050,000 $2,053,147 $ 2,551,000 80%
(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 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 total direct compensation 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.”
Actual Total Direct Compensation. The table below shows where actual total direct compensation (defined as the
sum of (i) base salary at December 31, 2015, (ii) actual 2015 annual performance-based incentive cash paid and
(iii) actual 2015 equity award grant date fair value) for 2015 was positioned in relation to target total direct compensation
for 2015.
2015 Actual Total Direct Compensation
Named Executive Officer Base Salary
at 12/31/15
Actual 2015
Incentive
Cash
Award(1)
Actual 2015
Equity
Award Fair
Value on
Grant Date(2) Actual TDC(3) Target TDC
Actual TDC
vs.
Target TDC
Jay M. Gellert
President and Chief Executive
Officer
$ 1,230,000 $3,321,000 $ 7,242,018 $ 11,793,018 $9,090,500 130%
James E. Woys
Executive Vice President, Chief
Financial and Operating
Officer and Interim Treasurer
$ 787,838 $1,575,676 $ 2,864,043 $ 5,227,557 $3,458,676 151%
Juanell Hefner(4)
Chief Administration Officer $ 546,351 $ 480,789 $ 1,593,583 $ 2,620,723 $2,033,432 129%
Steven D. Tough
President, Government
Programs
$ 576,823 $ 507,604 $ 1,581,720 $ 2,666,147 $2,088,281 128%
Steven J. Sell
President, Western Region
Health Plan
$ 557,304 $ 757,933 $ 1,242,780 $ 2,558,017 $2,053,147 125%