Windstream 2009 Annual Report Download - page 26
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Mr. Frantz retired as an employee of Windstream effective as of December 31, 2006 but continues to serve
as a member of the Board. During 2006, Mr. Frantz received restricted share grants comprising annual grants for
his service as an executive officer and replacement and one-time grants in connection with the spin-off and
merger, and these grants vested in full in August 2009. During 2009, Mr. Frantz received the same compensation
received by all other non-employee directors plus an annual supplemental cash retainer in the amount of $25,000
for his service as Chairman.
The following table shows the compensation paid to the non-employee directors of the Windstream Board
during 2009:
WINDSTREAM DIRECTOR COMPENSATION TABLE
Name
Fees Earned or
Paid in Cash
($)
Stock Awards
($) (1)
Change in Pension
Value and
Non-qualified
Compensation
Earnings
($) (2)
All Other
Compensation
($) (3)
Total
($)
Carol B. Armitage 96,750 59,996 -0- 170 156,916
Samuel E. Beall, III 96,750 59,996 -0- 170 156,916
Dennis E. Foster 114,500 59,996 -0- 170 174,666
Francis X. Frantz 116,500 59,996 140,428 170 317,094
Jeffrey T. Hinson 100,250 59,996 -0- 170 160,416
Judy K. Jones 100,250 59,996 -0- 170 160,416
William A. Montgomery 112,750 59,996 -0- 170 172,916
Frank E. Reed 105,750 59,996 -0- 170 165,916
(1) All stock award amounts in the table above reflect the aggregate fair value on the grant date based on the
closing price per share of Windstream common stock on the date of grant of the restricted stock.
(2) Amount includes no above-market earnings on a deferred compensation balance of $17.4 million.
Mr. Frantz received these benefits under arrangements that were approved by Alltel prior to the spin-off and that
were assumed by Windstream as part of the spin-off in exchange for cash payments from Alltel totaling the
amount of the benefit obligation at the time of the spin-off. On February 1, 2010, Windstream distributed $17.4
million, net of applicable withholding taxes, to Mr. Frantz as a lump sum distribution of his entire balance of his
deferred compensation arrangement.
(3) Includes payments for travel insurance available for all directors.
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