Windstream 2010 Annual Report Download - page 32

Download and view the complete annual report

Please find page 32 of the 2010 Windstream annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 184

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184

(3) The following table shows the breakdown of the stock awards across the special equity grant in August
2010 (subject to “cliff” vesting of 100% in August 2013) and annual equity awards in February 2010 and 2009
(subject to “ratable” annual vesting in one-third increments over a three year vesting period), as approved by the
Compensation Committee:
Named Executive Officer
Special Equity Grant
$
2010 Annual Equity Grant
$
2009 Annual Equity Grant
$
Jeffery R. Gardner -0- 3,599,994 3,599,998
Anthony W. Thomas 749,996 499,983 249,994
Brent Whittington 749,996 899,993 899,989
John P. Fletcher 749,996 649,992 599,992
Cynthia B. Nash 499,997 319,080 274,986
(4) Amounts for 2010 for Messrs. Gardner, Thomas and Whittington reflect increase in pension value only.
Mr. Gardner did not receive above-market earnings on non-qualified deferred compensation in 2010.
(5) “All Other Compensation” in 2010 includes (i) Company matching contributions under the Windstream
401(k) Plan for Messrs. Gardner, Thomas, Whittington, Fletcher and Ms. Nash in the amount of $9,800,
(ii) Company matching contributions under the Windstream 2007 Deferred Compensation Plan for Messrs.
Gardner, Thomas, Whittington, Fletcher and Ms. Nash in the amounts of $66,640, $12,510, $24,592, $18,341,
and $4,951, respectively, (iii) the valuation of the individual’s personal use of Company plane based on the
incremental cost to the Company of such usage, which primarily includes costs for fuel, maintenance charges
allocable to such use, and contract-pilot charges and excludes depreciation of the aircraft, general maintenance,
compensation of Windstream’s employee pilots and other general charges related to ownership of the aircraft,
and (iv) imputed income for value over $50,000 of life insurance coverage provided by the Company. For 2008,
“All Other Compensation” included payment of initial or annual country club dues and reimbursement of
financial planning and related expenses, which were eliminated in 2009.
26