Assured Guaranty Ltd. 2013 Executive Officer Cash Compensation Description
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Summary
This document outlines the 2013 annual salaries for the executive officers of Assured Guaranty Ltd., including the President and CEO, CFO, Chief Surveillance Officer, General Counsel, and COO. In addition to their base salaries, these executives are eligible for cash bonuses based on 2013 performance, potential grants under long-term incentive plans in 2014, and other benefits such as retirement plan contributions and perquisites. The document also notes that the CEO received a two-year equity grant in 2012 and was not eligible for additional equity grants in 2013.
EX-10.4 2 ago-12312012x10kex104.htm EXHIBIT 10.4 AGO-12.31.2012-10K Ex.10.4
Exhibit 10.4
ASSURED GUARANTY LTD.
DESCRIPTION OF EXECUTIVE OFFICER CASH COMPENSATION
FOR 2013
Set forth below are the 2013 annual salaries of the Executive Officers named in the compensation tables in Assured Guaranty’s 2013 proxy statement.
Dominic J. Frederico
President and Chief Executive Officer, Assured Guaranty Ltd.
Salary | $950,000.00 | |||
Robert A. Bailenson
Chief Financial Officer, Assured Guaranty Ltd.
Salary | $450,000.00 | |||
Russell B. Brewer II
Chief Surveillance Officer, Assured Guaranty Ltd.
Salary | $370,000.00 | |||
James M. Michener
General Counsel, Assured Guaranty Ltd.
Salary | $475,000.00 | |||
Robert B. Mills
Chief Operating Officer, Assured Guaranty Ltd.
Salary | $520,000.00 | |||
• In addition to salary, the named executive officers will be eligible to be considered to receive cash bonuses for 2013 performance.
• The named executive officers will be eligible to be considered to receive grants in 2014 under Assured Guaranty’s long-term incentive plans for 2013 performance.
• In 2012, Mr. Frederico received a two-year grant of equity and was not considered for additional grants of equity in 2013.
• In 2013, the named executive officers will receive other annual compensation and benefits, including employer contributions to retirement plans and perquisites provided under the Assured Guaranty Ltd. Perquisite Policy.
