GILD » Topics » 2009 Executive Compensation

This excerpt taken from the GILD DEF 14A filed Mar 12, 2009.

2009 Executive Compensation

In January 2009, our Compensation Committee approved 2009 base salaries, target 2009 bonus amounts, and awarded stock option grants and performance shares to the following Named Executive Officers as detailed in the table below. These decisions were based on the executive compensation philosophy and principles discussed earlier in this discussion and analysis and reflect our Compensation Committee’s assessment of company and individual performance during fiscal 2008.

 

Executive Officer

   Base Salary    Target 2009 Bonus
(as % of Base Salary)
    Number of Stock
Options Awarded(1)
   Number of Performance
Shares Awarded

John C. Martin

   $ 1,250,000    125 %   300,000    100,000

John F. Milligan

   $ 810,000    75 %   140,000    47,000

Norbert W. Bischofberger

   $ 680,000    60 %   79,200    26,400

Kevin Young

   $ 600,000    60 %   92,400    30,800

Gregg H. Alton

   $ 540,000    55 %   50,000    20,000

Robin L. Washington

   $ 530,000    55 %   50,000    20,000

 

(1)

Stock option awards were granted on January 21, 2009 with an exercise price of $47.20 per share.

 

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For the 2009 equity awards, our Compensation Committee approved a change in the mix of stock option and performance shares from 75% stock options/25% performance shares to 50% stock options/50% performance shares. The performance shares will convert into actual shares of our common stock based on:

 

   

our achievement of specified performance goals measured over the three-year period beginning January 1, 2009, and ending December 31, 2011; and

 

   

the individual’s continued service with us through that period; subject to certain exceptions should such service terminate by reason of death, disability or retirement.

The actual number of shares of our common stock into which the performance shares may convert will be calculated by multiplying the number of performance shares by a performance percentage ranging from 0% to 200% based on the level of company performance achieved as measured in terms of the following two performance criteria: (a) our company’s TSR for the three-year performance period relative to the total shareholder return realized by the companies comprising the Peer Group Index for that period and (b) our company’s revenue growth relative to the Peer Group Index during that three-year period. The actual percentages will be determined on the basis of the percentile matrix set forth on page 53 for the 2008 fiscal year performance shares.

This excerpt taken from the GILD DEF 14A filed Mar 20, 2008.

2008 Executive Compensation

In January 2008, our Compensation Committee approved 2008 base salaries and target 2008 bonus awards and awarded stock option grants and performance shares to the following executive officers as detailed in the table below. These decisions were based on the executive compensation philosophy and principles discussed earlier in this discussion and analysis and reflect our Compensation Committee’s assessment of company and individual performance during 2007.

 

Executive Officer

   Base Salary    Target 2008 Bonus
Awards

(as % of Base Salary)
    Number of Stock
Options Awarded(1)
   Number of 
Performance Shares
Awarded

John C. Martin

   $ 1,155,000    110 %   440,000    49,280

John F. Milligan

   $ 700,000    60 %   160,000    18,000

Norbert W. Bischofberger

   $ 655,000    60 %   120,000    13,500

Kevin Young

   $ 560,000    60 %   140,000    15,500

Gregg H. Alton

   $ 500,000    45 %   60,000    6,680

Caroline Dorsa

     —      —       —      —  

 

(1)

Stock option awards were granted on January 30, 2008 with an exercise price of $43.15 per share.

The performance shares will convert into actual shares of our common stock based on our attainment of certain performance goals measured over the three-year period beginning January 1, 2008, and ending December 31, 2010, and the individual’s continued service with us through that period. The actual number of shares of our common stock into which the performance shares may convert will be calculated by multiplying the number of performance shares by a performance percentage ranging from 0% to 200% based on the attained level of company performance as measured in terms of the following two performance criteria: (a) the company’s total shareholder return (TSR) for the three year performance period relative to the total shareholder return realized by the companies comprising the Peer Group Index for that period and (b) the company’s revenue growth relative to the Peer Group Index during that three-year period. The actual percentages will be determined on the basis of the same percentile matrix set forth above for the 2007 fiscal year performance share awards.

This excerpt taken from the GILD DEF 14A filed Mar 23, 2007.

2007 Executive Compensation

In January 2007, our Compensation Committee approved 2007 base salaries and target 2007 bonus awards and awarded stock option grants and performance shares to the following executive officers as detailed in the

 

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table below. These decisions were based on the executive compensation philosophy principles discussed earlier in this discussion and analysis and reflect our Compensation Committee’s assessment of company and individual performance during 2006.

 

Executive Officer

   Base Salary   

Target 2007 Bonus
Awards

(as % of Base Salary)

    Number of Stock
Options Awarded(1)
   Number of Allotted
Performance Shares
Awarded

John C. Martin

   $ 1,050,000    110 %   300,000    35,000

Norbert W. Bischofberger

   $ 640,500    60 %   130,000    13,000

John F. Milligan

   $ 605,000    60 %   140,000    14,000

Kevin Young

   $ 530,000    60 %   130,000    13,000

John J. Toole

   $ 384,800    40 %   40,000    4,570

(1)

Stock option awards were granted on January 22, 2007 with an exercise price of $65.58 per share.

This excerpt taken from the GILD 10-K filed Feb 27, 2007.

ITEM 11.    EXECUTIVE COMPENSATION

The information required by this Item is incorporated by reference to the sections of our Proxy Statement under the headings “Executive Compensation,” “Compensation Committee Interlocks and Insider Participation,” “Compensation Committee Report,” and “Compensation of Non-Employee Directors.”

This excerpt taken from the GILD 10-K filed Mar 3, 2006.

ITEM 11.    EXECUTIVE COMPENSATION

The information required by this Item is incorporated by reference to the sections of our Proxy Statement under the headings “Compensation of Executive Officers,” “Report of the Compensation Committee on Executive Compensation,” “Compensation Committee Interlocks and Insider Participation” and “Performance Measurement Comparison.

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