Keith E. Bass, WCI Communities | 2014 Salary | % Total |
% Change Vs. 2013 | Breakdown ($) | Comp |
-75.35% | ||
Base salary | 531,667 | 23.15% |
Bonus | 363,033 | 15.81% |
Stock Awards | 470,250 | 20.48% |
Options Awards | 0 | 0.00% |
Non-Equity Incentive | 843,750 | 36.74% |
Change in Pension Value | 0 | 0.00% |
All Other Comp | 87,900 | 3.83% |
TOTAL COMP | 2,296,600 |
- Bass’ salary was a raise from last year’s $440,000. A raise to $550,000 was made in March, reflected in the odd number.
- The non-equity incentive of $843,750 was achieved based on the company’s EBITDA of $50.8 million—beyond the maximum performance level of $49,887,600, resulting in a 150% payout of the targeted $750,000 bonus.
- Stock awards amounting to $470,250 under the company’s long-term incentive plan represented a huge drop from last year’s $7,651,022 stock awards, accounting for the lion’s share of 2014’s overall compensation decrease. Bass was awarded 25,000 shares.