Pier 1 2015 Annual Report Download - page 121

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EXECUTIVE COMPENSATION
period than the typical short- or long-term incentive plans are designed to cover. These restricted stock grants, which the
compensation committee refers to as “career share grants,” were granted October 16, 2014 and vest 50% after five years from
the date of grant (October 16, 2019) and 50% after six years from the date of grant (October 16, 2020). Career share grant
information is detailed in Table 6 below.
In conclusion, Pier 1 Imports continues to maintain policies that support pay for performance, as demonstrated by both the
results of fiscal 2015 and the direct compensation actions taken. In light of this strong philosophy to deliver results to
shareholders, Pier 1 Imports’ board of directors encourages a “Yes” vote on the say-on-pay proposal.
PIER 1 IMPORTS, INC. 2015 Proxy Statement 39