Starwood 2012 Annual Report Download - page 63
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STARWOOD HOTELS & RESORTS WORLDWIDE, INC.-2013Proxy Statement 57
EXECUTIVE COMPENSATION
Narrative Disclosure to Summary Compensation Table
andGrants of Plan-Based Awards Table
We describe below the Executive Plan awards (and Mr. Rivera’s award) granted to our named executive offi cers in 2012. These awards
are refl ected in both the 2012 Summary Compensation Table on page 55 of this proxy statement and the 2012 Grants of Plan-
Based Awards Table on page56 of this proxy statement.
Each of the named executive offi cers received an award payout in March2013 relating to his 2012 performance. The table below sets
forth for each named executive offi cer his salary, target award as both a percentage of salary and a dollar amount, and actual award.
Name Salary
($)
Award Target
Relative
toSalary
(%)
Award
Target
($)
Actual
Award
($)
van Paasschen 1,250,000 200% 2,500,000 2,300,000
Prabhu 766,785 100% 766,785 705,443
Rivera 722,000 100% 722,000 664,240
Siegel 638,490 100% 638,490 587,411
Turner 766,785 100% 766,785 705,443
Avril 766,785 100% 766,785 352,722
The following factors contributed to the Compensation Committee’s
determination of the 2012 annual incentive awards for the named
executive offi cers:
•
the Company’s 2012 fi nancial performance as measured by
adjusted EBIDTA and EPS;
•
the strategic, operational and leadership performance goals for
each named executive offi cer that link individual contributions
to execution of our business strategy and major fi nancial and
operating goals;and
•
the annual incentives paid to executive offi cers performing
comparable functions in peer companies, as further described
in the section entitled 2012 Annual Incentive Compensation
beginning on page43 of this proxy statement.
See the section entitled 2012 Long-Term Incentive Compensation
beginning on page 47 of this proxy statement for more information
on the $1.1 million payout during 2012 to Mr. Rivera with respect
to a special long-term cash incentive award.
See the section entitled Potential Payments Upon Termination or
Change in Control beginning on page 61 of this proxy statement
for additional information regarding employment agreements for
the named executive offi cers.