Kroger 2014 Annual Report Download - page 48

Download and view the complete annual report

Please find page 48 of the 2014 Kroger annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 142

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142

46
Quantification of Payments upon Termination or Change in Control
The฀following฀table฀provides฀information฀regarding฀certain฀potential฀payments฀that฀would฀have฀been฀
made฀to฀the฀named฀executive฀officers฀if฀the฀triggering฀event฀occurred฀on฀January฀31,฀2015,฀given฀compensation,฀
age฀and฀service฀levels฀as฀of฀that฀date฀and,฀where฀applicable,฀based฀on฀the฀closing฀price฀per฀Kroger฀common฀
share฀on฀the฀last฀trading฀day฀of฀the฀fiscal฀year฀($69.05฀on฀January฀30,฀2015).฀Amounts฀actually฀received฀upon฀
the฀occurrence฀of฀a฀triggering฀event฀will฀vary฀based฀on฀factors฀such฀as฀the฀timing฀during฀the฀year฀of฀such฀
event,฀the฀price฀of฀Kroger฀common฀shares,฀and฀the฀officer’s฀age,฀length฀of฀service฀and฀compensation฀levels.
Name
Involuntary
Termination
Voluntary
Termination/
Retirement Death Disability
Change in
Control
without
Termination
Change in
Control with
Termination
W. Rodney McMullen
Accrued฀and฀Banked฀Vacation ............. $738,464฀ $ 738,464฀ $ 738,464฀ $ 738,464฀ $ 738,464฀ $ 738,464฀
Severance............................. — — — — — $ 4,640,016฀
Additional฀Vacation฀and฀Bonus ............ — — — — — $ 104,872฀
Continued฀Health฀and฀Welfare฀Benefits(1) ... — — — — — $ 86,963฀
Stock฀Options(2) ....................... — — $10,455,330฀ $ 10,455,330฀ $ 10,455,330฀ $ 10,455,330฀
Restricted฀Stock(3) ..................... — — $13,145,188฀ $ 13,145,188฀ $ 13,145,188฀ $ 13,145,188฀
Performance฀Units(4) ................... — — $ 1,470,213฀ $ 1,470,213฀ $ 2,135,717฀ $ 2,135,717฀
Long-Term฀Cash฀Bonus(5) ................ — — $ 749,079฀ $ 749,079฀ $ 1,019,800฀ $ 1,019,800฀
Executive฀Group฀Life฀Insurance ........... — — $ 5,670,000฀ — — —
J. Michael Schlotman
Accrued฀and฀Banked฀Vacation ............. $467,680฀ $ 467,680฀ $ 467,680฀ $ 467,680฀ $ 467,680฀ $ 467,680฀
Severance............................. — — — — — $ 2,316,744฀
Additional฀Vacation฀and฀Bonus ............ — — — — — $ 40,505฀
Continued฀Health฀and฀Welfare฀Benefits(1) ... — — — — — $ 64,739฀
Stock฀Options(2) ....................... — — $ 4,753,720฀ $ 4,753,720฀ $ 4,753,720฀ $ 4,753,720฀
Restricted฀Stock(3) ..................... — — $ 4,982,442฀ $ 4,982,442฀ $ 4,982,442฀ $ 4,982,442฀
Performance฀Units(4) ................... — $ 665,780฀ $ 665,780฀ $ 665,780฀ $ 816,862฀ $ 816,862฀
Long-Term฀Cash฀Bonus(5) ................ — $ 524,467฀ $ 524,467฀ $ 524,467฀ $ 703,050฀ $ 703,050฀
Executive฀Group฀Life฀Insurance ........... — — $ 2,934,606฀ — — —
Michael L. Ellis
Accrued฀and฀Banked฀Vacation ............. $138,465฀ $ 138,465฀ $ 138,465฀ $ 138,465฀ $ 138,465฀ $ 138,465฀
Severance............................. — — — — — $ 2,720,016฀
Additional฀Vacation฀and฀Bonus ............ — — — — — $ 54,359฀
Continued฀Health฀and฀Welfare฀Benefits(1) ... — — — — — $ 59,828฀
Stock฀Options(2) ....................... — — $ 2,729,288฀ $ 2,729,288฀ $ 2,729,288฀ $ 2,729,288฀
Restricted฀Stock(3) ..................... — — $ 4,665,502฀ $ 4,665,502฀ $ 4,665,502฀ $ 4,665,502฀
Performance฀Units(4) ................... — $ 404,058฀ $ 404,058฀ $ 404,058฀ $ 607,295฀ $ 607,295฀
Long-Term฀Cash฀Bonus(5) ................ — $ 444,765฀ $ 444,765฀ $ 444,765฀ $ 643,500฀ $ 643,500฀
Executive฀Group฀Life฀Insurance ........... — — $ 2,170,669฀ — — —
Kathleen S. Barclay
Accrued฀and฀Banked฀Vacation ............. $ 69,325฀ $ 69,325฀ $ 69,325฀ $ 69,325฀ $ 69,325฀ $ 69,325฀
Severance............................. — — — — — $ 1,589,262฀
Additional฀Vacation฀and฀Bonus ............ — — — — — $ 39,179฀
Continued฀Health฀and฀Welfare฀Benefits(1) ... — — — — — $ 52,226฀
Stock฀Options(2) ....................... — — $ 3,280,820฀ $ 3,280,820฀ $ 3,280,820฀ $ 3,280,820฀
Restricted฀Stock(3) ..................... — — $ 3,147,369฀ $ 3,147,369฀ $ 3,147,369฀ $ 3,147,369฀
Performance฀Units(4) ................... — $ 441,483฀ $ 441,483฀ $ 441,483฀ $ 587,270฀ $ 587,270฀
Long-Term฀Cash฀Bonus(5) ................ — $ 520,606฀ $ 520,606฀ $ 520,606฀ $ 688,650฀ $ 688,650฀
Executive฀Group฀Life฀Insurance ........... — — $ 2,834,000฀ — — —