Summary of Unitrin, Inc. Named Executive Officer Compensation for 2006
This document outlines the 2006 compensation for Unitrin, Inc.'s top executives, including their base salaries, bonuses for 2005 paid in 2006, stock option grants, and restricted stock grants. The summary lists the amounts and types of compensation for each named executive officer, with details on the applicable stock and restricted stock plans. Restricted stock grants are subject to forfeiture and vest after four years. The information is current as of September 1, 2006.
Exhibit 10.15
Summary of Unitrin, Inc.
Named Executive Officer Compensation - 2006
| Name and Title | 2006 Base Salary ($) | 2005 Bonus ($)(1) | 2006 Stock Option Grant (#)(2) | 2006 Restricted Stock Grant (#)(3) | ||||||
| Richard C. Vie Chairman | $ | 1,000,000 | $ | 605,000 | 100,000 | — | ||||
| Donald G. Southwell President & Chief Executive Officer | 900,000 | 499,125 | 100,000 | — | ||||||
| Eric J. Draut Executive Vice President & Chief Financial Officer | 650,000 | 363,000 | 50,000 | 20,000 | ||||||
| Scott Renwick Senior Vice President, General Counsel & Secretary | 450,000 | 248,050 | 25,000 | — | ||||||
| Richard Roeske Vice President & Chief Accounting Officer | 260,000 | 70,000 | 15,000 | 15,000 | ||||||
| (1) | Cash bonus for 2005 payable in 2006. |
| (2) | Number of shares of the Company’s common stock subject to the options granted pursuant to the 1997 or 2002 Stock Option Plan. |
| (3) | Number of shares of the Company’s common stock granted pursuant to the 2005 Restricted Stock and Restricted Stock Unit Plan. Such shares are subject to forfeiture and other restrictions pursuant to the Plan until vesting upon the fourth anniversary of the grant date. |
As of September 1, 2006
