Progress Energy 2008 Annual Report Download - page 192

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PROXY STATEMENT
56
5 Reflects the value of performance shares vesting on January 1, 2008 at $48.43 for the 2007 1-year transitional grant
under the applicable PSSP.
6 Reflects dividends and dividend equivalents paid as the result of outstanding restricted stock or restricted stock units
held in Company Plan accounts.
7 Reflects the value of any stock options vesting in 2008. Since we ceased granting stock options under our Incentive
Plans in 2004, all outstanding options had fully vested in 2008.
8 Reflects the value of all perquisites provided during 2008. For a complete listing of the perquisites, see the
“Executive Perquisites” section of the “Elements of Compensation” discussion of the CD&A on page 33 of this Proxy Statement.
Perquisite details for each named executive officer are discussed in the Summary Compensation Table footnotes. The value reflected
does not include tax gross-ups paid relating to perquisites provided.
9 Reflects the value of tax gross-up related to perquisites and miscellaneous income items (Supplemental Senior
Executive Retirement Plan (SERP) or Restoration and MDCP 401(k) make-up) provided during 2008.
10 Pursuant to the August 2005 amendment to his employment agreement, Mr. Scott’s outstanding restricted stock
awards vested upon his retirement on September 1, 2008. The vesting price was $44.24 based on the September 2, 2008 opening
price. In addition, Mr. Scott’s 2007 Restricted Stock Unit vested and a pro-rata portion of his 2008 Restricted Stock Unit grant
vested. The vesting price was $43.68 based on the August 31, 2008 closing price.