Pier 1 Imports, Inc. 2016 Long-Term Equity Incentive Awards for Named Executive Officers

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

Pier 1 Imports, Inc. granted long-term equity incentive awards in the form of restricted stock with performance-based vesting to several executive officers, including Michael R. Benkel, Laura A. Coffey, Catherine David, and Sharon M. Leite. These awards were made under the company's 2006 Stock Incentive Plan and became effective on May 11, 2015. The number of shares awarded varies by executive and is subject to performance conditions, including total shareholder return (TSR).

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EX-10.1 2 a51104051ex10_1.htm EXHIBIT 10.1 a51104051ex10_1.htm
EXHIBIT 10.1
Fiscal Year 2016 Long-Term Equity Incentive Awards
(Restricted Stock Performance-Based Vesting)
 
 
Named
Executive Officer
Restricted Stock*
(Performance-Based Vesting)
(#)
Restricted Stock*
(Performance-Based Vesting TSR)
(#)
     
     
Michael R. Benkel
    
Executive Vice President,
Planning and Allocations
27,292
5,460
     
     
Laura A. Coffey
    
Executive Vice President,
Interim Chief Financial Officer
17,246
3,452
     
     
Catherine David
    
Executive Vice President,
Merchandising
34,116
6,824
     
     
Sharon M. Leite
    
Executive Vice President,
Sales and Customer Experience
32,220
6,446
     
     
*These equity awards were granted under the Pier 1 Imports, Inc. 2006 Stock Incentive Plan, restated as amended through March 25, 2011. The respective forms of award agreements are attached as Exhibits 10.2 and 10.3. The grants were effective May 11, 2015.