WMT » Topics » LONG-TERM INCENTIVE PLANS-AWARDS IN FISCAL 2006

This excerpt taken from the WMT DEF 14A filed Apr 14, 2006.

LONG-TERM INCENTIVE PLANS—AWARDS IN FISCAL 2006

 

Name   Number of
Shares, Units
or Other
Rights (#)
    Performance
or Other
Period Until
Maturation
or Payout
  Estimated Future Payouts
Under Non-Stock Price-Based Plans
      Threshold
(#)
  Target
(#)
  Maximum
(#)

H. Lee Scott, Jr.

  277,304  (1)   3 Years   138,652   277,304   415,956
    459,348  (2)   1 Year   N/A    459,348   N/A 

John B. Menzer

  102,211  (1)   3 Years   51,106   102,211   153,317
    229,674  (2)   1 Year   N/A    229,674   N/A 

Michael T. Duke

  78,792  (1)   3 Years   39,396   78,792   118,188
    183,739  (2)   1 Year   N/A    183,739   N/A 

Thomas M. Schoewe

  52,528  (1)   3 Years   26,264   52,528   78,792
    137,804  (2)   1 Year   N/A    137,804   N/A 

Eduardo Castro-Wright

  56,905  (1)   3 Years   28,453   56,905   85,358
  114,837  (2)   1 Year   N/A    114,837   N/A 

(1) The number of performance shares awarded on January 5, 2006, under the 2005 Stock Incentive Plan, that may ultimately vest will depend on the Company’s performance against two separate pre-established performance measures: average return on investment and average revenue growth for the performance cycle ending January 31, 2009. Any payout of performance shares for this performance cycle must be approved by the CNGC and will be paid in Shares.

 

(2) The performance-based restricted stock awards for Messrs. Menzer, Duke, and Castro-Wright were granted by the CNGC under the 2005 Stock Incentive Plan effective upon their promotions on September 29, 2005. The remaining Named Executive Officers were granted performance-based restricted stock awards on January 5, 2006. The performance measure for the performance-based restricted stock awards is based on meeting or exceeding a pre-established increase in total gross revenue for fiscal 2007 compared to fiscal 2006. If the performance goal is met, the awards to the Named Executive Officers will vest over certain periods:

 

  a. The award for Mr. Scott will vest 50% on January 5, 2009, and 50% on January 5, 2011.

 

  b. The awards for Messrs. Menzer, Duke, and Castro-Wright will vest 50% on September 29, 2008, and 50% on September 29, 2010.

 

  c. Mr. Schoewe’s award will vest 60% on January 5, 2009, and 40% on January 5, 2011.

 

24


Table of Contents
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki