Progress Energy 2010 Annual Report Download - page 188
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PROXY STATEMENT
50
GRANTS OF PLAN-BASED AWARDS
Estimated
Future Payouts Under
Non-Equity Incentive
Plan Awards1
Estimated
Future Payouts Under
Equity Incentive
Plan Awards2
All
Other
Stock
Awards:
Number
of Shares
of Stock
or Units3
(#)
(i)
Grant Date
Fair Value
of Stock
and Option
Awards4
($)
(j)
Name
(a)
Grant
Date
(b)
Threshold
($)
(c)
Target
($)
(d)
Maximum
($)
(e)
Threshold
(#)
(f)
Target
(#)
(g)
Maximum
(#)
(h)
William D. Johnson,
Chairman, President and
Chief Executive Officer
MICP
3/4/11 $420,750 $841,500 $1,683,000
Restricted
Stock Units
3/16/10 22,596 $891,186
PSSP
3/16/10 28,124 56,248 112,496 $2,218,421
Mark F. Mulhern,
Senior Vice President
and Chief Financial
Officer
MICP
3/4/11 $121,899 $243,798 $487,596
Restricted
Stock Units
3/16/10 4,809 $189,667
PSSP
3/16/10 6,063 12,126 24,252 $478,249
Jeffrey J. Lyash,
Executive Vice
President – Energy
Supply
MICP
3/4/11 $124,575 $249,150 $498,300
Restricted
Stock Units
3/16/10 5,126 $202,169
PSSP
3/16/10 6,462 12,924 25,848 $509,723
Lloyd M. Yates,
President and Chief
Executive Officer, PEC
MICP
3/4/11 $123,200 $246,400 $492,800
Restricted
Stock Units
3/16/10 5,069 $199,921
PSSP
3/16/10 6,391 12,782 25,564 $504,122
John R. McArthur,
Executive Vice
President, General
Counsel and Corporate
Secretary
MICP
3/4/11 $134,200 $268,400 $536,800
Restricted
Stock Units
3/16/10 5,522 $217,788
PSSP
3/16/10 6,962 13,923 27,846 $549,123
1 The Management Incentive Compensation Plan is considered a non-equity incentive compensation plan. Award
amounts are shown at threshold, target, and maximum levels. The target award is calculated using the 2010 eligible earnings
times the executive’s target percentage. See target percentage in table on page 31 of the CD&A. Threshold is calculated at 50% of
target and maximum is calculated at 200% of target. Actual award amounts paid are reflected in the Summary of Compensation
Table under the “Non-Equity Incentive Plan Compensation” column.
2 Reflects the potential payouts in shares of the 2010 PSSP grants. The grant size was calculated by multiplying the
executive’s salary as of January 1, 2010, times his 2010 PSSP target and dividing by the December 31, 2009, closing stock price
of $41.01. The Threshold column reflects the minimum payment level under our PSSP, which is 50% of the target amount shown
in the Target column. The amount shown in the maximum column is 200% of the target amount.