Scott Wine, chairman and CEO of Polaris Industries Inc.
Total compensation: $18,972,508 for the year ended Dec. 31, 2015
Salary: $982,423
Non-equity incentive pay: $0
Other compensation: $137,860
Exercised stock options: $14,923,746
Value realized on vesting shares: $2,928,479
New stock options: 85,000
Total 2015 shareholder return: -42.3 percent
Note: Polaris missed its earnings target for determining annual incentive bonuses by 9 percent in 2015. That was enough to earn Wine a partial bonus for the year. However, Wine and the compensation committee of the board "mutually agreed to forgo payment of his 2015 annual bonus."
Other executives were awarded their partial bonuses, the first year since 2012 that executives earned less than the targeted bonus amounts, according to the proxy filed Friday.
The biggest component of Wine's compensation in 2015 was from previously issued long-term equity awards. Wine realized $14.9 million when he exercised 120,000 stock options back in January 2015 when shares were trading at $146.91 per share.
The share price of Polaris has fallen since that time as Polaris results fell short of expectations for the year.
Patrick Kennedy
