Summary of Long-Term Equity Incentive Awards for Fiscal Year 2018 for Named Executive Officers under the Pier 1 Imports, Inc. 2015 Stock Incentive Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document summarizes the long-term equity incentive awards granted to certain executive officers of Pier 1 Imports, Inc. for fiscal year 2018. The awards consist of restricted stock with time-based and performance-based vesting, including metrics based on EBITDA and ROIC. The grants were made under the company's 2015 Stock Incentive Plan and became effective on April 14, 2017. The summary lists the number of shares awarded to each executive and notes that performance-based awards are shown at maximum performance, including a 10% increase related to a TSR modifier.

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EX-10.1 2 a51544427ex10_1.htm EXHIBIT 10.1
EXHIBIT 10.1

Summary of Long-Term Equity Incentive Fiscal Year 2018 Awards for the Named Executive Officers

Named Executive Officer
Restricted Stock*
(Time-Based Vesting (#)
Restricted Stock*
(Performance-Based
Vesting EBITDA)(#)
Restricted Stock*
(Performance-Based
Vesting ROIC)(#)
Jeffrey N. Boyer
Executive Vice President and Chief Financial Officer
 
30,434
50,215
50,219
 
Michael R. Benkel
Executive Vice President, Global Supply Chain
 
20,869
34,432
34,436
 
Laura A. Coffey
Executive Vice President, Planning and Allocations
 
13,796
22,763
22,767
 
Catherine David
Executive Vice President, Merchandising
 
26,086
43,043
43,045
 
Eric W. Hunter
Executive Vice President, Marketing
 
25,217
41,606
41,610

*All equity awards were granted under the Pier 1 Imports, Inc. 2015 Stock Incentive Plan. The respective forms of award agreements are attached as Exhibits 10.2, 10.3 and 10.4. The grants were effective April 14, 2017. The Performance-Based Vesting EBITDA and the Performance-Based Vesting ROIC restricted stock awards are shown at maximum performance, and assume an increase of 10% related to the TSR modifier as set forth in the respective agreements.