Progress Energy 2008 Annual Report Download - page 186

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PROXY STATEMENT
50
OPTION EXERCISES AND STOCK VESTED
Option Awards Stock Awards
Name
(a)
Number of
Shares
Acquired
on Exercise
(#)
(b)
Value
Realized
on Exercise
($)
(c)
Number of
Shares
Acquired
on Vesting1
(#)
(d)
Value Realized
on Vesting1
($)
(e)
William D. Johnson,
Chairman, President and Chief
Executive Officer
0 59,3942$2,801,636
Peter M. Scott III,
Executive Vice President and Chief Financial
Officer (retired effective September 1, 2008)
0 92,0543$4,172,053
Mark F. Mulhern,
Senior Vice President and Chief Financial
Officer (as of September 1, 2008)
0 11,2644$545,516
John R. McArthur,
Executive Vice President and Corporate
Secretary (as of September 1, 2008)
0 17,9675$846,944
Jeffrey J. Lyash,
President and Chief Executive Officer, PEF 0 18,1626$861,433
Lloyd M. Yates,
President and Chief Executive Officer, PEC 0 17,1627$818,633
1 Reflects the number of restricted stock shares, restricted stock units, and performance shares that
vested in 2008. Unless otherwise stated, no restricted stock units vested for named executive officers during 2008 and
performance shares vested on January 1, 2008 for the 2005 and 2007 1-year transitional grants at $48.43 per share.
Restricted stock shares vested on the following days: (i) March 15th and 16th at $42.80 per share; (ii) March 18th at
$42.10 per share; (iii) April 1st at $42.08 per share; and (iv) September 1st at $44.24 per share. The value realized is the
sum of the vested shares for each vesting date times the vesting price.
2 Includes 12,866 restricted stock awards consisting of the following: 5,066 on March 15th; 4,400 on
March 16th; and 3,400 on March 18th. Performance shares totaled 46,528.
3 Includes 21,400 restricted stock awards consisting of the following: 2,733 on March 15th; 2,533
on March 16th; 3,134 on March 18th; and 13,000 on April 1st. Additionally, per the August 2005 amendment to his
employment agreement, Mr. Scott’s remaining unvested restricted stock (20,101) and restricted stock units (14,708)
vested upon his retirement on September 1, 2008. Performance shares totaled 35,845.
4 Includes performance shares of 11,264. Mr. Mulhern did not have any restricted stock awards that
vested during 2008.
5 Includes 3,967 restricted stock awards consisting of the following: 1,433 on March 15th; 1,300 on
March 16th; and 1,234 on March 18th. Performance shares totaled 14,000.
6 Includes 3,100 restricted stock awards consisting of the following: 1,100 on March 15th; 1,000 on
March 16th; and 1,000 on March 18th. Performance shares totaled 15,062.
7 Includes 2,100 restricted stock awards consisting of the following: 1,100 on March 15th; and 1,000 on
March 18th. Performance shares totaled 15,062.