Progress Energy 2010 Annual Report Download - page 192
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PROXY STATEMENT
54
2 Consists of outstanding restricted stock grants and restricted stock units as follows:
Number of Shares or Units of Stock That Have Not Vested (column (g))
Stock Award Vesting Date William D.
Johnson Mark F.
Mulhern Jeffrey J.
Lyash Lloyd M.
Yates John R.
McArthur
Restricted Stock March 14, 2011 5,534 1,167 1,367 1,367 1,667
Restricted Stock Units March 16, 2011 7,532 1,603 1,708 1,689 1,840
Restricted Stock Units March 17, 2011 9,297 1,868 2,159 2,135 2,329
Restricted Stock Units March 18, 2011 7,651 1,136 1,597 1,597 1,497
Restricted Stock Units March 20, 2011 4,936 1,189 1,576 1,576 1,477
Restricted Stock Units March 16, 2012 7,532 1,603 1,709 1,690 1,841
Restricted Stock Units March 17, 2012 17,298 4,368 4,159 4,135 4,329
Restricted Stock Units March 20, 2012 4,936 1,188 1,575 1,575 1,478
Restricted Stock Units March 16, 2013 7,532 1,603 1,709 1,690 1,841
Total (column (g)) 72,248 15,725 17,559 17,454 18,299
3 Market value of shares or units of stock that have not vested is based on a December 31, 2010, closing price of $43.48
per share.
4 The 2008 grant vests on January 1, 2011; the 2009 grant vests on January 1, 2012; and the 2010 grant vests on
January 1, 2013. Performance share value for the 2009 annual grant is expected to be at 0% of target while the 2008 annual grant
and 2010 annual grant are expected to be 100% of target. The value in Column (j) is derived by multiplying the shares (rounded
to the nearest whole share) times the December 31, 2010 closing stock price ($43.48). The difference between the calculated
value and the noted value is attributable to fractional shares. See further discussion under “Performance Shares” in Part II of the
CD&A. Outstanding performance shares for named executive officers are shown in the table below:
Number of Unearned Shares, Units or Other Rights That Have Not Vested (column (i))
Stock Award Vesting Date William D.
Johnson Mark F.
Mulhern Jeffrey J.
Lyash Lloyd M.
Yates John R.
McArthur
Performance Shares January 1, 2011 54,125 8,069 11,443 11,443 10,637
Performance Shares January 1, 2012 0 0 0 0 0
Performance Shares January 1, 2013 58,744 12,664 13,498 13,349 14,541
Total (column (i)) 112,869 20,733 24,941 24,792 25,178