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SEC Filings

DEF 14A
FIRST DATA CORP filed this Form DEF 14A on 03/15/2017
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Table of Contents

Executive Compensation Tables

For 2016, our NEO compensation was substantially lower than 2015 because of one-time equity and cash retention awards related to our successful completion of an initial public offering on October 15, 2015. The Board of Directors decided to make these one-time awards primarily in equity with strict retention requirements to incentivize our NEOs to remain with us for the long term and ensure executive and shareholder interests are aligned.

Summary Compensation Table

The following table shows the compensation earned by, awarded to, or paid to our NEOs during fiscal years ended December 31, 2016, 2015, and 2014.

 

  Name and  

Principal

Position

   Year    Salary ($)    Bonus ($)
(1)
   Stock
Awards
($)(2)
   Option
Awards
($)(2)
  

Non-

Equity

Incentive

Plan
  Compensation ($)  

   Change in
  Pension Value  
and Non
Qualified
Deferred
Compensation
Earnings ($)
   All Other
  Compensation  
($)
  

  Total ($)  

(4)

Frank J. Bisignano,

Chief Executive Officer

     2016        1,320,000        1,287,000        8,275,044        2,372,578      --    --    580,551    13,835,173
     2015        1,500,000        5,000,000        22,139,546        22,628,619      --    --    292,561    51,560,726
     2014        1,500,000        1,140,000        4,500,000        1,629,000      --    --    533,199    9,302,199

Himanshu A. Patel,

Executive Vice President,

Chief

Financial

Officer

     2016        600,000        255,000        1,391,510        398,967      --    --    660    2,646,137
     2015        600,000        2,177,500        5,939,854        6,070,645      --    --    561    14,788,560
     2014        500,000        500,000        750,000        271,500      --    --    486    2,021,986

Guy Chiarello,

President

     2016        1,000,000        720,000        4,045,187        1,159,814      --    --    4,902    6,929,903
     2015        1,000,000        3,016,000        8,189,854        8,321,029      --    --    17,258    20,544,141
     2014        1,000,000        1,500,000        2,625,000      950,250      --    --    27,654    6,102,904

Barry C. McCarthy,

Executive Vice President, Network & Security Solutions

     2016        750,000        3,471,210        860,712        246,781      --    --    1,242    5,329,945
     2015        500,005        174,375        3,185,546        1,702,582      --    --    1,104    5,563,612
     2014        450,000        262,500        412,501        149,175      --    --    2,578    1,276,754

Joseph Plumeri,

Vice Chairman

     2016        750,000        --        2,862,873        1,267,262      --    --    143,126    5,023,261
     2015        1,200,000        --        3,645,000        1,348,488      --    --    9,927    6,203,415
     2014        1,239,288        540,000      3,000,000        4,012,000      --    --    6,273    8,797,561

Daniel Charron,

Executive Vice President, Global Business    

Solutions

     2016        750,000        262,500        1,399,347        401,218      --    --    1,932    2,814,998
     2015        656,250        5,283,500        9,314,854      9,561,429      --    --    1,541    24,817,574

 

  (1) Bonus amounts for 2016 included the follow: Mr. McCarthy - $2,500,000 cash retention award. Bonus amounts for 2015 include the following: Mr. Bisignano - $5,000,000 IPO cash retention award; Mr. Chiarello - $2,500,000 IPO cash retention award and $516,000 cash incentive award under the SEIP; Mr. Charron - $5,000,000 sign on bonus and $283,500 cash incentive award under the SEIP; Mr. Patel - $2,000,000 IPO cash retention award and $177,500 cash incentive award under the SEIP.
  (2)

The amounts shown in the “Stock Awards” column and “Option Awards” column are based on the aggregate grant date fair value computed in accordance with FASB ASC Topic 718. For stock awards and option awards that have performance based vesting requirements, the awards were assigned a fair value of $13.66 and $8.66 per share on the date of grant using a Monte Carlo simulation model, respectively. For option awards that have time based vesting requirements, the awards were assigned a fair value of $7.94 per share for awards granted on January 14, 2015 and $7.89 per share for awards granted on January 28, 2015 and in February 2015 and $9.07 per share for awards granted on October 15, 2015 using a Black-Scholes model. Of the amounts shown in the “Stock Awards” column and “Option Awards” column for 2015, for Mr. Bisignano, $14,444,546 of the Stock Award amount and $19,781,811 of the Option Award amount is related to his IPO equity retention award; for

 

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