ComEd 2006 Annual Report Download - page 351

Stock awards include awards of performance share units. All performance share units are made
pursuant to the terms of the 2006 Long-Term Incentive Plan based upon the achievement of goals, as
described above. One-third of the award vests upon the award date with the balance vesting ratably
over the next two years. Upon retirement or involuntary termination not for cause, earned but
non-vested shares are eligible for accelerated vesting. The form of payment provides for payment in
Exelon common stock to executives with lower levels of ownership, with increasing portions of the
payments being made in cash as executives’ stock ownership levels increase in excess of the
ownership guidelines. If an executive achieves 125% or more of the applicable ownership target,
performance shares will be paid half in cash and half in stock. If executives, EVP and above, achieve
200% or more of the applicable ownership target, their performance shares will be paid entirely in
cash. Stock awards also include restricted stock or stock unit awards. When awarded, restricted stock
or stock units are earned by continuing employment for a pre-determined period of time or, in some
instances, after certain performance requirements are met. In some cases, the award may vest ratably
over a period; in other cases, it vests as a whole at one or more pre-determined dates. Among the
NEOs for Exelon, Generation and PECO, Messrs. Skolds, Young, Clark, Crane, O’Brien and Hilzinger
have received awards of restricted stock or restricted stock units in the past. Among the NEOs for
ComEd, Messrs. Clark, McDonald, Mitchell, Costello and Hilzinger have received awards of restricted
stock or restricted stock units in the past. Of the NEOs, only Mr. O’Brien received a restricted stock
award in 2006.
All option awards are made pursuant to the terms of the 2006 Long-Term Incentive Plan and are
for the purchase of Exelon common stock. All options are granted at a strike price that is not less than
the fair market value of a share of stock on the date of grant. Fair market value is defined under the
plans as the closing price on the grant date as reported on the New York Stock Exchange. Options
vest in equal annual installments over a four-year period and have a term of ten years. Employees who
are retirement eligible are eligible for accelerated vesting upon retirement or termination.
Non-equity incentive plan compensation includes the amounts earned under the annual incentive
plan by the extent to which the applicable financial and operational goals were achieved. The annual
incentive plan for 2006 is described in Compensation Discussion and Analysis above.
Exelon, Generation and PECO
Name and
Principal
Position Year
Salary
($)
Bonus
($)
See
Note 14
Stock
Awards
($)
See Note 15
Option
Awards
($)
See Note 16
Non-Equity
Incentive
Plan
Compensa-
tion
($)
See Note 17
Change in
Pension
Value and
Nonqualified
Deferred
Compen-
sation
Earnings
($)
See Note 18
All Other
Compen-
sation
($)
See Note 19 Total ($)
(A) (B) (C) (D) (E) (F) (G) (H) (I) (J)
Rowe(1) ........ 2006 $1,291,918 $168,345 $10,527,089 $1,324,393 $1,683,455 $856,413 $575,455 $16,427,068
Skolds(2) ....... 2006 630,959 — 3,012,980 863,280 616,744 381,656 165,376 5,670,995
Young(3) ........ 2006 546,767 — 2,174,945 310,360 498,575 77,622 158,808 3,767,077
Mehrberg(4) ..... 2006 556,767 — 2,917,114 746,480 507,640 263,587 144,995 5,136,583
Clark(5) ......... 2006 440,000 — 2,239,794 592,755 326,584 158,233 162,925 3,920,291
McLean(6) ...... 2006 442,575 — 1,811,526 407,167 383,145 62,625 102,602 3,209,640
Crane(7) ........ 2006 505,959 43,911 1,545,742 309,035 439,110 352,298 131,404 3,327,459
O’Brien(8) ....... 2006 395,959 20,786 1,063,147 201,293 207,868 118,966 91,324 2,099,343
Hilzinger(9) ...... 2006 315,000 10,846 587,369 101,873 216,911 42,776 58,411 1,333,186
1. John W. Rowe, Chairman, President & CEO, Exelon. Mr. Rowe is an executive officer of Exelon, Generation and PECO.
2. John L. Skolds, Executive Vice President, Exelon; President, Exelon Energy Delivery and Exelon Generation. Mr. Skolds is
an executive officer of Exelon, Generation and PECO.
3. John F. Young, Executive Vice President, Finance & Markets and CFO, Exelon, Generation and PECO.
4. Randall E. Mehrberg, Executive Vice President, Chief Administrative Officer & Chief Legal Officer, Exelon.
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