Sunoco 2012 Annual Report Download - page 135

SUMMARY COMPENSATION TABLE
The Summary Compensation Table reflects the total compensation earned by each NEO in each of 2012,
2011 and 2010 (or such shorter period of time during which such individual served as an executive officer of the
general partner):
Name and
Principal
Position Year
Salary
($)
Stock
Awards(1)
($)
Non-Equity
Incentive Plan
Compensation(2)
($)
Change in
Pension
Value and
Nonqualified
Deferred
Compensation
Earnings(3)
($)
All Other
Compensation(4)
($)
Total
($)
M. J. Hennigan(5) .......... 2012 539,716 6,533,065 956,174 0 292,351 8,321,306
President and Chief 2011 488,300 881,954 680,200 589,142 59,536 2,699,132
Executive Officer 2010 296,051(7) 338,304(8) 312,883 433,897 22,688 1,403,823
M. Salinas, Jr. ............ 2012 n/a n/a n/a n/a n/a —
Chief Financial Officer
K. Shea-Ballay ........... 2012 290,500 212,582 222,775 19,610 22,606 768,073
Vice President, General
Counsel & Secretary 2011 264,000 117,307 204,900 23,387 21,629 631,223
L. L. Elsenhans(6) .......... 2012 n/a n/a n/a n/a n/a —
Former Chairman and Chief 2011 n/a 364,566 n/a n/a n/a 364,566
Executive Officer 2010 n/a n/a n/a n/a n/a —
B. P. MacDonald(6) ........ 2012 n/a n/a n/a n/a n/a —
Former Vice President and 2011 n/a 91,134 n/a n/a n/a 91,134
Chief Financial Officer 2010 n/a n/a n/a n/a n/a —
M. J. Colavita(6) ........... 2012 n/a n/a n/a n/a n/a —
Former Interim Chief
Financial Officer
NOTES TO TABLE:
(1) The amounts shown in this column reflect the aggregate grant date fair value of restricted unit awards under
the LTIP, calculated in accordance with US GAAP. See Note 14 to our consolidated financial statements for
fiscal 2012, for additional detail regarding assumptions underlying the value of these equity awards. In
addition to the awards approved by the Compensation Committee at its regularly scheduled meetings in
January 2012, February 2012, January 2011, July 2010, and January 2010, the amounts shown in this
column also reflect the grant of time-vesting units to Mr. Hennigan, effective December 5, 2012, pursuant to
his offer letter, following the Merger with ETP.
(2) The amounts shown in this column reflect annual incentive amounts paid under the Annual Incentive Plan,
for performance during 2012, 2011 and 2010, which were payable on or before March 15, 2013, March 15,
2012, and March 14, 2011, respectively. The 2012 annual incentive amounts were earned at 170.4 percent of
target.
(3) The amounts shown in this column reflect the change in present value for all defined benefit pension plans
and supplemental executive retirement plans in which the NEOs participated between December 31, 2011
and December 31, 2012, December 31, 2010 and December 31, 2011, and December 31, 2009 and
December 31, 2010, respectively. Pursuant to Mr. Hennigan’s Offer Letter agreement with ETP, in
connection with the Merger, he waived any future rights or benefits to which he otherwise would have been
entitled under both the Sunoco, Inc. Executive Retirement Plan (“SERP”) and the Sunoco, Inc. Pension
Restoration Plan. As a consequence, the year-to-year change in actuarial present value of his pension
benefits under the Sunoco, Inc. plans was negative. The applicable disclosure rules require the change in
pension value be shown as “$0” if the actual calculation of the change in pension value is less than zero (i.e.,
a decrease). The decrease in pension value for Mr. Hennigan was $2,140,896. NEOs did not have any
above-market or preferential payments on deferred compensation during 2012, 2011, or 2010. During 2012,
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