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This excerpt taken from the C DEF 14A filed Mar 20, 2009. Discussion
of Equity Award Values
The fair value of the stock awards and stock options appearing
in the Summary Compensation Table were calculated in accordance
with sec
regulations. The regulations require disclosure of the cost of
equity awards if compensation expense was recorded in the income
statement of the employer for each such award in 2008, as
required by the applicable accounting rule
(sfas 123(r)).
The amounts disclosed in the Summary Compensation Table are not
the same as the amounts reported in Citi’s financial
statements, because
sec regulations do
not permit estimates of forfeitures
related to service-based vesting conditions to be used in
determining the amount of equity-based compensation required to
be disclosed. In addition, in determining the compensation
expense for all equity awards required to be disclosed in the
Summary Compensation Table under
sec regulations,
it was assumed that
sfas 123(r)
was in effect on the grant date of each such equity award. The
Awards made by the Committee section of the Compensation
Discussion and Analysis provides information on the actions
relating to equity awards taken in January 2009.
This excerpt taken from the C DEF 14A filed Mar 13, 2008. Discussion of Equity Award Values
This excerpt taken from the C DEF 14A filed Mar 13, 2007. Discussion of Equity Award Values The fair value of the stock awards and stock options appearing in the Summary Compensation Table were calculated in accordance with December 2006 SEC regulations. The regulations require disclosure of the cost of equity awards if compensation expense was recorded in the income statement of the employer for each such award in 2006, as required by the applicable accounting rule (SFAS 123(R)). The amounts disclosed in the Summary Compensation Table are not the same as the amounts reported in Citigroup’s financial
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