Windstream 2008 Annual Report Download - page 25

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The following table shows the compensation paid to the non-employee directors of the Windstream Board
during 2008:
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 82,750 106,641(4) -0- 222 189,613
Samuel E. Beall, III 82,750 68,622 -0- 222 151,595
Dennis E. Foster 98,750 60,014 -0- 222 158,986
Francis X. Frantz 102,500 1,953,141 114,546 222 2,170,409
Jeffrey T. Hinson 91,500 60,014 -0- 222 151,736
Judy K. Jones 82,750 60,014 -0- 222 142,986
William A. Montgomery 100,500 60,014 -0- 222 160,736
Frank E. Reed 97,000 60,014 -0- 222 157,236
(1) All stock award amounts in the table above reflect 2008 compensation expense calculated in accordance
with SFAS 123(R), and such expense was determined based on the closing price per share of Windstream
common stock on the date of grant of the restricted stock. Amount for Mr. Frantz reflects expense for annual
grant for service as an executive officer and replacement and one-time grants in connection with the spin-off and
merger.
(2) Amount includes no above-market earnings on a deferred compensation balance of approximately $17.4
million. In the case of a change-in-control, Mr. Frantz would receive a lump sum payout of this balance.
Mr. Frantz receives 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.
(3) Includes payments for travel insurance available for all directors.
(4) Amount includes expense allocation from Ms. Armitage’s initial restricted stock grant in September 2007.
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