Waste Management 2013 Annual Report Download - page 49

Grant of Plan-Based Awards in 2013
Grant Date
Estimated Possible Payouts
Under Non-Equity
Incentive Plan Awards(1)
Estimated Future Payouts Under
Equity Incentive Plan Awards(2)
All other
Option
Awards:
Number of
Securities
Underlying
Options
(#)(3)(4)
Exercise
or Base
Price of
Option
Awards
($/sh)(5)
Closing
Market
Price
on
Date of
Grant
($)
Grant
Date Fair
Value of
Stock and
Option
Awards
($)(6)
Threshold
($)
Target
($)
Maximum
($)
Threshold
(#)
Target
(#)
Maximum
(#)
David P. Steiner
931,891 1,553,151 3,106,302
03/08/13 78,800 131,333 262,666 5,692,630
03/08/13 282,775 36.885 36.92 1,201,794
James E. Trevathan, Jr.
300,490 500,817 1,001,634
03/08/13 16,417 27,361 54,722 1,185,964
03/08/13 58,911 36.885 36.92 250,372
James C. Fish, Jr.
260,198 433,663 867,326
03/08/13 15,326 25,544 51,088 1,107,205
03/08/13 55,000 36.885 36.92 233,750
Jeff M. Harris
246,244 410,407 820,814
03/08/13 14,013 23,355 46,710 1,012,324
03/08/13 50,287 36.885 36.92 213,720
John J. Morris, Jr.
202,931 338,219 676,438
03/08/13 11,387 18,978 37,956 822,601
03/08/13 40,861 36.885 36.92 173,659
(1) Actual payouts of our 2013 cash incentive awards pursuant to our Annual Incentive Plan are shown in the Summary Compensation Table
under “Non-Equity Incentive Plan Compensation.” The named executives’ target and maximum bonuses are a percentage of base salary
approved by the MD&C Committee. The threshold levels represent the bonus amounts that would have been payable if the minimum
performance requirements were met for each performance measure. Please see “Compensation Discussion and Analysis — Named
Executive’s 2013 Compensation Program and Results — Annual Cash Incentive” for additional information about these awards,
including performance criteria.
(2) Represents the number of shares of Common Stock potentially issuable based on the achievement of performance criteria under
performance share unit awards granted under our 2009 Stock Incentive Plan. Please see “Compensation Discussion and Analysis —
Named Executive’s 2013 Compensation Program and Results — Long-Term Equity Incentives — Performance Share Units” for
additional information about these awards, including performance criteria. The performance period for these awards ends December 31,
2015. Performance share units earn dividend equivalents, which are paid out based on the number of shares actually earned, if any, at the
end of the performance period.
(3) Although we consider all of our equity awards to be a form of incentive compensation because their value will increase as the market
value of our Common Stock increases, only awards with performance criteria are considered “equity incentive plan awards” for SEC
disclosure purposes. As a result, option awards are not included as “Equity Incentive Plan Awards” in the table above or the Outstanding
Equity Awards at December 31, 2013 table.
(4) Represents the number of shares of Common Stock potentially issuable upon the exercise of options granted under our 2009 Stock
Incentive Plan. Please see “Compensation Discussion and Analysis — Named Executive’s 2013 Compensation Program and Results —
Long-Term Equity Incentives — Stock Options” for additional information about these awards. The stock options will vest in 25%
increments on the first two anniversaries of the date of grant and the remaining 50% will vest on the third anniversary.
(5) The exercise price represents the average of the high and low market price on the date of the grant, in accordance with our 2009 Stock
Incentive Plan.
(6) These amounts represent grant date fair value of the awards as calculated under ASC Topic 718, as further described in Note 16 in the
Notes to the Consolidated Financial Statements in our 2013 Annual Report on Form 10-K.
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