iRobot 2015 Annual Report Download - page 44

The following table shows our achievement against the various metrics used for calculating the 2015 cash
incentive compensation for our named executive officers:
Performance Goal
Metric Threshold
Target
(100%) Maximum
2015 Actual
Performance
Actual
Percentage
Earned (as %
of target)
$ in millions
Adjusted EBITDA, excluding cash
incentive compensation expense $99.2 $110.2 $154.2 $100.6 56%
Company Revenue $577.9 $642.1 $898.9 $616.8 80%
Total Payout (as a % of Target) 69%
Based on our achievement of the performance metrics set forth above, the following cash awards were
made to the named executive officers for performance in fiscal 2015 pursuant to our Senior Executive Incentive
Compensation Plan:
Incentive Bonus Award
Original
Target Incentive
Opportunity Achievement
ICP Earned &
Paid
Colin M. Angle $675,000 69% $465,750
Alison Dean $322,500 69% $222,525
Russell J. Campanello $204,000 69% $140,760
Christian Cerda $240,000 69% $165,600
Glen D. Weinstein $219,000 69% $151,110
Long-Term Incentives
Executive officers (and other employees) are eligible to receive restricted stock, stock option grants, restricted
stock units and other stock awards that are intended to promote success by aligning employee financial interests with
long-term stockholder value. Long-term incentives are awarded based on various factors primarily relating to the
responsibilities of the individual officer or employee, his or her past performance, anticipated future contributions,
prior grants and Company performance. In general, our compensation and talent committee bases its decisions to grant
long-term incentives on recommendations of our chief executive officer and the compensation and talent committee’s
analysis of peer group and industry compensation information, with the intention of keeping the executives’ overall
compensation at a competitive level with the comparator companies reviewed by the compensation and talent
committee in the technology and robotics industries. Our compensation and talent committee also takes into
consideration the number of shares of common stock outstanding, the number of shares of common stock authorized
for issuance under our equity compensation plans, the number of options and other equity awards held by the executive
officer for whom an award is being considered and other elements of the officer’s compensation, as well as our
compensation objectives and policies described above when reviewing the long-term incentive program.
During fiscal 2015, our compensation and talent committee approved the following stock option and
restricted stock unit awards to each of our named executive officers:
Grant Date
Fair Value
($)
Nonqualified
Stock Option
Awards (#)
Restricted
Stock Units
(#)
Colin M. Angle $1,977,388 46,588 38,800
Alison Dean $727,910 17,150 14,283
Russell J. Campanello $395,819 9,325 7,767
Christian Cerda $870,445 20,500 17,083
Glen D. Weinstein $395,819 9,325 7,767
Notice of Annual Meeting of Stockholders and iRobot 2016 Proxy Statement
36