This excerpt taken from the WOLF DEF 14A filed Apr 15, 2009.
Establishing 2008 Award Amounts
The process in establishing the number of shares awarded as stock-based compensation to Mr. Calder and Ms. Schaefer as annual equity grant (AEG) amounts and multi-year program equity grant (MYPEG) amounts for 2008 involved four steps, as follows:
Note that the MYPEG amount was for part of the three-year period 2007-2009, and was accounted for as part of each NEOs grants for 2007 (that is, the MYPEG grants in 2007 covered the three-year period 2007-2009). Therefore, the MYPEG amounts were not considered further in setting compensation for 2008.
As a result, the total maximum number of shares to be awarded to each officer under the AEGs for 2008 was as follows: Mr. Calder 21,330 shares and Ms. Schaefer 27,408 shares.