Staples 2015 Annual Report Download - page 52

EXECUTIVE COMPENSATION AND COMPENSATION DISCUSSION AND ANALYSIS
48 STAPLES Notice of Annual Meeting of Stockholders
EXECUTIVE COMPENSATION TABLES
Summary Compensation Table
The following table sets forth certain information concerning the compensation of our CEO, CFO and the three other most highly
compensated executive officers, who we refer to collectively as the “NEOs.”
Year Salary ($) Bonus ($) Stock Awards ($) (2)
Non-Equity
Incentive Plan
Compensation
($) (3)
All Other
Compensation
($) (4) Total ($)
Ronald L. Sargent (1)
Chairman & Chief
Executive Officer
2015 1,249,208 8,225,007 389,360 9,863,575
2014 1,249,208 8,225,000 2,591,478 325,851 12,391,537
2013 1,249,208 299,810 8,225,007 667,415 326,440 10,767,880
Christine T. Komola
Chief Financial Officer
2015 646,384 2,169,109 181,860 78,100 3,075,453
2014 584,063 2,169,112 495,347 59,142 3,307,664
2013 518,214 49,257 1,549,806 61,648 53,641 2,232,566
Joseph G. Doody
Vice Chairman
2015 694,229 2,169,109 195,321 146,416 3,205,075
2014 678,020 2,169,112 755,188 115,799 3,718,119
2013 653,351 88,856 2,169,112 176,469 141,483 3,229,271
Demos Parneros
President North America
Stores & Online
2015 714,648 2,169,109 201,066 121,143 3,205,966
2014 693,050 2,169,112 766,454 86,186 3,714,802
2013 653,351 88,856 2,169,112 176,469 98,498 3,186,286
John Wilson
President IO&T
2015 693,233 2,169,109 195,041 419,360 3,476,743
2014 668,000 2,169,112 495,292 326,725 3,659,129
2013 653,351 414,160 1,518,488 76,756 2,662,755
(1) Our CEO elected to forego his annual cash incentive award for 2015, which would otherwise have been $620,232, prior to
determination of the payout by the Compensation Committee.
(2) The amounts shown in the Stock Awards column represent the aggregate grant date fair value of awards computed in
accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 718,
not the actual amounts paid to or realized by the NEOs during our 2015, 2014 and 2013 fiscal years. An explanation of
the methodology for payouts under performance share awards is discussed in the footnotes to the “Grants of Plan-Based
Awards for 2015 Fiscal Year” and “Outstanding Equity Awards at 2015 Fiscal Year End” tables below.
The amounts shown in the Stock Awards column in 2015 represent the grant date fair value of the 2015-2017 performance
share awards granted under the 2014 Stock Incentive Plan. The fair value of these awards is based on the closing price of
our common stock ($16.59) on March 4, 2015 (grant date) and is calculated at the target share payout for all three years of
the performance period. For information about the threshold and maximum payout amounts under these awards, see the
“Grants of Plan-Based Awards for 2015 Fiscal Year” table below.
For our three-year performance share awards in 2015, one-third of the three-year target award is applied as a target
amount for each of the fiscal years within the performance period. Actual shares earned are based on achievement of goals
established for each year. In addition, any award that is earned based on performance will be increased or decreased by
25% based on Staples’ three-year TSR relative to the returns generated by the S&P 500 over the same period. See “CD&A”
for information about 2015 goal achievement.
(3) The Non-Equity Incentive Plan Compensation column in 2014 and 2013 includes amounts earned under (a) the annual cash
incentive award and (b) legacy long term cash awards. No annual cash incentive award was earned in 2013. NEOs no longer
receive long term cash awards.
(4) The All Other Compensation column represents the following amounts, as applicable for each NEO:
• Contributions made on a matching basis pursuant to the terms of our 401(k) plan and SERP.
• Premiums paid under our executive life insurance and long-term disability plans, reimbursement of taxes owed with respect
to such premiums, and premiums paid under our long-term care plan. In fiscal year 2015, annual premiums paid under our
executive life insurance plan for Mr. Sargent, Ms. Komola, Mr. Doody and Mr. Parneros were $100,000, $19,304, $50,000
and $30,000, respectively. There was no annual premium paid for Mr. Wilson in 2015. Mr. Wilson’s’ life insurance coverage
is in the form of Death Benefit Only, providing for Staples to pay his beneficiary upon his death. In fiscal year 2015, annual
premiums paid under our long-term disability plans for Messrs. Sargent and Parneros were $16,836 and $3,570, respectively.
• Tax preparation services.
• Executive physical and registry program.
• Cash payments described in the “All Other Compensation” table below.