ABB Annual Report 2012 PDF - ABB Group Annual Report 2012

Note 11Executive Committeecompensation, continuedShare-based awards granted to members of the Executive Committee during 2011 are summarized in the table below.The vesting date of the respective award, granted under the LTI Plan, is listed in the footnotes to the table.Maximum number of conditionallygranted shares under theperformance component of the2011 launch of LTI Plan (1),(4)Total estimated value of sharebasedawards granted under theperformance component of theLTI Plan in 2011 (2)Number of retention sharesgranted under the 2011 launchof LTI Plan (1),(3)Total estimated value of sharebasedawards granted underthe retention component of theLTI Plan in 2011 (2)Total number of sharesgranted under the 2011 launchof LTI Plan (1),(3)Total estimated valueof share-based awards grantedin 2011 (2)Name(CHF) (CHF) (CHF)Joe Hogan 60,526 530,470 99,371 2,341,180 159,897 2,871,650Michel Demaré 26,967 236,348 40,450 953,001 67,417 1,189,349Gary Steel 15,196 133,183 23,517 554,060 38,713 687,243Ulrich Spiesshofer 15,460 135,497 31,104 732,810 46,564 868,307Diane de Saint Victor 14,194 124,401 26,359 621,018 40,553 745,419Bernhard Jucker 17,933 157,171 27,753 653,860 45,686 811,031Peter Leupp – – – – – –Veli-Matti Reinikkala 11,965 104,866 18,517 436,260 30,482 541,126Brice Koch 14,158 124,086 27,388 645,261 41,546 769,347Tarak Mehta 12,516 109,695 24,211 570,410 36,727 680,105Frank Duggan 13,780 120,773 21,326 502,440 35,106 623,213Total Executive Committee membersas of December 31, 2011 202,695 1,776,490 339,996 8,010,300 542,691 9,786,790Vesting date March 15, 2014.The estimated value applied to the shares of the retention component, represents the market value of an ABB share on the grant date of the award. The estimated value applied to theshares of the performance component, represents the market value of an ABB share on the grant date, adjusted according to the parameters considered in the Monte Carlo simulationmodel.The LTI Plan foresees to deliver 30 percent of the value of the vested retention shares in cash, but participants have the possibility to elect upon vesting to receive 100 percent of thevested award in shares.The vested performance shares under the plan will be fully settled in cash.(1)(2)(3)(4)Share-based awards granted to members of the Executive Committee under the one-time AIEP during 2012 aresummarized in the table below. The vesting date of the award is listed in the footnotes to the table.NameTotal estimated value ofNumber of conditionally2012 launch of AIEP (1),(3) the one-time AIEP in 2012 (2)granted shares under the one-time share-based awards granted underJoe Hogan – –Michel Demaré – –Gary Steel 66,795 896,656Ulrich Spiesshofer 72,603 974,623Diane de Saint Victor 66,380 891,085Bernhard Jucker 78,827 1,058,174Veli-Matti Reinikkala 63,891 857,673Brice Koch 68,870 924,511Tarak Mehta 60,572 813,119Frank Duggan 62,232 835,403Greg Scheu (joined on May 1, 2012) 56,008 751,851Prith Banerjee (joined ABB on May 7, 2012) 29,042 389,860Total Executive Committee members as of December 31, 2012 625,220 8,392,955Vesting date January 3, 2014.The shares are valued using the market value of the ABB share on the grant date and the Monte Carlo simulation model.The AIEP foresees to deliver 30 percent of the value of the vested shares in cash, but participants have the possibility to elect, prior to vesting, to receive 100 percent of the vestedaward in shares. The plan foresees a maximum payout of 768,286 shares, subject to the fulfillment of the plan objectives and the assessment by the CEO of the individual’s performance.(1)(2)(3)(CHF)146 Financial review | ABB Annual Report 2012