Kroger 2014 Annual Report Download - page 49

47
Name
Involuntary
Termination
Voluntary
Termination/
Retirement Death Disability
Change in
Control
without
Termination
Change in
Control with
Termination
Michael J. Donnelly
Accrued฀and฀Banked฀Vacation ............. $216,716฀ $ 216,716฀ $ 216,716฀ $ 216,716฀ $ 216,716฀ $ 216,716฀
Severance............................. — — — — — $ 2,095,800฀
Additional฀Vacation฀and฀Bonus ............ — — — — — $ 38,457฀
Continued฀Health฀and฀Welfare฀Benefits(1) ... — — — — — $ 51,566฀
Stock฀Options(2) ....................... — — $ 2,765,214฀ $ 2,765,214฀ $ 2,765,214฀ $ 2,765,214฀
Restricted฀Stock(3) ..................... — — $ 3,057,879฀ $ 3,057,879฀ $ 3,057,879฀ $ 3,057,879฀
Performance฀Units(4) ................... — $ 350,130฀ $ 350,130฀ $ 350,130฀ $ 477,826฀ $ 477,826฀
Long-Term฀Cash฀Bonus(5) ................ — $ 438,685฀ $ 438,685฀ $ 438,685฀ $ 597,030฀ $ 597,030฀
Executive฀Group฀Life฀Insurance ........... — — $ 2,601,600฀ — — —
David B. Dillon(6)
Accrued฀and฀Banked฀Vacation ............. — $ 790,380฀ $ 790,380฀ $ 790,380฀ $ 790,380฀ $ 790,380฀
Severance............................. — — — — — $ 4,773,240฀
Additional฀Vacation฀and฀Bonus ............ — — — — — $ 97,891฀
Continued฀Health฀and฀Welfare฀Benefits(1) ... — — — — — $ 175,898฀
Stock฀Options(2) ....................... — — $26,143,600฀ $ 26,143,600฀ $ 26,143,600฀ $ 26,143,600฀
Restricted฀Stock(3) ..................... — — $18,063,412฀ $ 18,063,412฀ $ 18,063,412฀ $ 18,063,412฀
Performance฀Units(4) ................... — $2,168,124฀ $ 2,168,124฀ $ 2,168,124฀ $ 3,871,806฀ $ 3,871,806฀
Long-Term฀Cash฀Bonus(5) ................ — $ 611,950฀ $ 611,950฀ $ 611,950฀ $ 1,350,000฀ $ 1,350,000฀
Executive฀Group฀Life฀Insurance ........... — — $ 4,745,000฀ — — —
(1)฀ Represents฀the฀aggregate฀present฀value฀of฀continued฀participation฀in฀the฀Company’s฀medical,฀dental฀and฀
executive฀term฀life฀insurance฀plans,฀based฀on฀the฀premiums฀paid฀by฀the฀Company฀during฀the฀eligible฀
period.฀The฀eligible฀period฀for฀continued฀medical฀and฀dental฀benefits฀is฀based฀on฀the฀length฀of฀service฀
and฀is฀17฀ months฀for฀Ms.฀Barclay฀and฀24฀months฀for฀the฀other฀named฀executive฀officers.฀The฀eligible฀
period฀ for฀ continued฀ executive฀ term฀ life฀ insurance฀ coverage฀ is฀ six฀ months฀ for฀ all฀ named฀ executive฀
officers.฀The฀amounts฀reported฀may฀ultimately฀be฀lower฀if฀the฀executive฀is฀no฀longer฀eligible฀to฀receive฀
benefits,฀which฀could฀occur฀upon฀obtaining฀other฀employment฀and฀becoming฀eligible฀for฀substantially฀
equivalent฀benefits฀through฀the฀new฀employer.
(2)฀ Amounts฀reported฀in฀the฀death,฀disability฀and฀change฀in฀control฀columns฀represent฀the฀intrinsic฀value฀of฀
the฀accelerated฀vesting฀of฀unvested฀stock฀options,฀calculated฀as฀the฀difference฀between฀the฀exercise฀price฀
of฀the฀stock฀option฀and฀the฀closing฀price฀per฀Kroger฀common฀share฀on฀January฀30,฀2015.฀In฀accordance฀
with฀SEC฀rules,฀no฀amount฀is฀reported฀in฀the฀voluntary฀termination/retirement฀column฀because฀vesting฀is฀
not฀accelerated,฀but฀the฀awards฀may฀continue฀to฀vest฀on฀the฀original฀schedule฀if฀the฀conditions฀described฀
above฀are฀met.
(3)฀ Amounts฀reported฀in฀the฀death,฀disability฀and฀change฀in฀control฀columns฀represent฀the฀aggregate฀value฀
of฀the฀accelerated฀vesting฀of฀restricted฀stock.฀In฀accordance฀with฀SEC฀rules,฀no฀amount฀is฀reported฀in฀
the฀voluntary฀termination/retirement฀column฀ because฀vesting฀is฀not฀accelerated,฀but฀the฀awards฀may฀
continue฀to฀vest฀on฀the฀original฀schedule฀if฀the฀conditions฀described฀above฀are฀met.
(4)฀ Amounts฀reported฀in฀the฀voluntary฀termination/retirement,฀death,฀and฀disability฀columns฀represent฀the฀
aggregate฀ value฀of฀the฀performance฀units฀ granted฀ in฀2013฀and฀ 2014,฀based฀on฀the฀probable฀outcome฀
of฀the฀performance฀conditions฀as฀of฀January฀31,฀2015฀and฀prorated฀for฀the฀portion฀of฀the฀performance฀
period completed. Amounts reported in the change in control column represent the aggregate value of
50%฀of฀the฀maximum฀number฀of฀performance฀units฀granted฀in฀2013฀and฀2014฀at฀the฀beginning฀of฀the฀
performance period.