Symantec 2014 Annual Report Download - page 13
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C
OMPENSATION
C
OMPONENTS FOR
F
ISCAL
2014:
Component Key Characteristics
Base Salary Based on talent, experience, performance, contribution levels, individual role, positioning relative to
market, and our overall salary budget.
Executive Annual Incentive Award Our executive officers were eligible to receive performance-based compensation contingent upon (i)
our achievement of targeted non-GAAP operating income; (ii) modified by our achievement of
targeted revenue; and (iii) individual performance.
Restricted Stock Units Restricted stock units vest over four years.
Performance-based Restricted Stock
Units (PRUs) Under our PRUs, our executive officers were eligible to receive shares following the third fiscal year
following the award based upon (i) our achievement of targeted annual non-GAAP earnings per share
for the first fiscal year covered by the award; and (ii) the achievement of the total shareholder return
(“TSR”) ranking for our company as compared to the S&P 500 for the two and three years ended as
of the end of the second and third fiscal year, respectively, covered by the award.
Performance-Contingent Stock Units
(PCSUs) In fiscal 2013 we introduced PCSUs as a component in our CEO’s compensation, which derive their
value solely on the basis of increases in our stock price, rewarding our CEO for providing tangible
value to our stockholders. In the event that none of the stock performance metrics were met during
the term of the award, the PCSUs would have been forfeited.
M
EETING
I
NFORMATION
We provide information about Symantec’s 2014 Annual Meeting of Stockholders (the “Annual Meeting”),
voting and additional information starting on page 65.
3