CEO Pay Watch Supervalu Inc.
Sam Duncan, president, CEO
Total compensation: $2,561,083 for the year ended Feb. 28
Salary: $1,500,000
Non-equity incentive pay: $820,260
Other compensation: $240,823
New stock options: 829,892
Total fiscal 2014 shareholder return: 58.6 percent
Note: This was Duncan's first full year as CEO, having taken over Feb. 4, 2013. Duncan's other compensation included $239,143 for use of Supervalu's company aircraft.
The annual bonus for Duncan and other executives was based on semiannual goals instead of annual goals to "engage executives and employees'' in the company's stabilization efforts. Duncan's bonus of $820,260 was approximately 55 percent of the total targeted bonus amount.
The company also disclosed the final severance payment to former Chairman and CEO Wayne Sales, who faced criticism for a large severance package for the short time the former board member served as CEO following the dismissal of Craig Herkert as CEO in July 2012. Sales' total severance was $4,160,769, which according to the proxy "reflects a $2.7 million reduction made at the request of Mr. Sales."
Patrick Kennedy
