SkyWest Airlines 2009 Annual Report Download - page 137

SUMMARY COMPENSATION TABLE
The table below summarizes the total compensation paid to or earned by each of the Named
Executives for the fiscal years indicated.
(a) (b) (c) (d) (e) (f) (g) (h) (i)
Non-Equity
Stock Option Incentive Plan All Other
Salary Bonus Awards Awards Compensation Compensation Total
Name and Principal Position Year ($) ($) ($)(1) ($)(1) ($)(2) ($) ($)
Jerry C. Atkin .......... 2009 $373,000 $ 0 $251,780 $438,128 $454,054 $126,304(3) $1,643,266
Chairman and Chief 2008 $362,000 $ 0 $127,452 $375,842 $221,000 $113,057(4) $1,199,351
Executive Officer 2007 $355,000 $ 0 $132,590 $477,211 $269,800 $117,793(5) $1,352,394
Bradford R. Rich ....... 2009 $271,000 $ 0 $146,334 $254,654 $308,821 $ 95,292(6) $1,076,101
Executive Vice President, 2008 $263,000 $ 0 $ 74,098 $218,521 $159,600 $ 84,314(7) $ 799,532
Chief Financial Officer 2007 $258,000 $ 0 $ 77,084 $277,459 $196,500 $ 87,586(8) $ 896,629
Russell A. Childs ........ 2009 $240,000 $ 0 $129,601 $225,526 $292,940 $ 89,039(9) $ 977,106
President and Chief 2008 $230,000 $ 0 $ 64,810 $191,100 $144,800 $ 76,582(10) $ 707,292
Operating Officer— 2007 $188,750 $ 0 $ 59,268 $182,337 $138,700 $ 61,225(11) $ 630,280
SkyWest Airlines, Inc.
Bradford R. Holt ........ 2009 $225,000 $25,000 $121,493 $210,105 $196,075 $ 74,780(12) $ 852,453
President and Chief 2008 $200,000 $ 0 $ 56,347 $166,178 $114,500 $ 68,344(13) $ 605,369
Operating Officer— 2007 $163,333 $ 0 $ 59,504 $ 71,379 $ 96,100 $ 47,488(14) $ 437,805
Atlantic Southeast
Airlines
(1) This column shows the full grant date fair market value of the options granted as computed under ASC
Topic 718 and the expense attributable to restricted stock awards (excluding estimates for forfeitures in case
of awards with service-based vesting). These amounts do not reflect the extent to which the Named Executive
realized an actual financial benefit from the awards. Assumptions and methodologies used in the calculation
of these amounts are included in footnotes to the Company’s audited financial statements for the fiscal year
ended December 31, 2009 which are included in the Company’s Annual Report on Form 10-K filed with the
Securities and Exchange Commission.
(2) The amounts in column (g) include the annual performance bonus amounts earned in the year indicated
based on performance in that year and paid in the subsequent year. As described in the section entitled
‘‘Compensation Discussion and Analysis’’ above, the Named Executive’s annual performance bonuses are
calculated based upon the performance of the Company and/or its subsidiaries and the Named Executive in
question relative to pre-established objectives for the fiscal year in question. The target, threshold and
maximum amounts for each Named Executive’s fiscal year performance bonus opportunity are reported in the
‘‘Grants of Plan-Based Awards for 2009’’ table below. The amounts of such annual performance bonuses
earned in 2009 and paid in 2010 are: Mr. Atkin—$290,400, Mr. Rich—$213,700, Mr. Childs—$208,700 and
Mr. Holt—$117,100. An additional discretionary bonus earned in 2009 by Mr. Holt and paid in 2010 is shown
in column (d) under the heading ‘‘Bonus.’’
The amounts in column (g) also include performance unit awards earned in 2009 based on 2009 shareholder
return on equity, but payable in cash in 2012 and subject to forfeiture in the amount of termination of
employment within three years of date of grant. The amounts of those performance unit awards actually
earned were Mr. Atkin—$163,654, Mr. Rich—$95,121, Mr. Childs—$84,240 and Mr. Holt—$78,975.
(3) All other compensation for Mr. Atkin for 2009 consists of: $99,510 of employer credits under the SkyWest
Deferred Compensation Plan attributable to compensation earned for 2009; $2,644 in employer-paid health
insurance premiums; $15,161 for a personal vehicle lease; $3,189 for personal use of the Company’s
recreational equipment; $4,600 for country club dues; and $1,200 in discretionary matching contributions
under the SkyWest 401(k) Plan.
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