Pier 1 Imports 2012 Long-Term Equity Incentive Awards for Named Executive Officers

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines the long-term equity incentive awards granted in fiscal year 2012 to four named executive officers of Pier 1 Imports, Inc. Each officer received restricted stock awards with both performance-based and time-based vesting, under the company's 2006 Stock Incentive Plan. The awards were effective April 8, 2011, and shares with unvested restrictions are not eligible for cash dividends. The agreement specifies the number of shares granted to each executive and the vesting conditions.

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EX-10.1 2 a6682818ex10-1.htm EXHIBIT 10.1 a6682818ex10-1.htm
EXHIBIT 10.1
 
 
Named Executive Officers Long-Term Equity Incentive Fiscal Year 2012 Awards
 

 
 
Restricted Stock*
Restricted Stock*
Executive Officer
(Performance-Based Vesting) (#)
(Time-Based Vesting) (#)
     
Charles H. Turner
    
Executive Vice President,
    
Chief Financial Officer
17,000
17,000
     
     
Michael R. Benkel
    
Senior Vice President,
    
Planning and Allocations
10,500
10,500
     
     
Gregory S. Humenesky
    
Executive Vice President,
    
Human Resources
9,500
9,500
     
     
Sharon M. Leite
    
Executive Vice President,
    
Stores
12,000
12,000



*
All equity awards were granted under the Pier 1 Imports, Inc. 2006 Stock Incentive Plan, restated as amended.  The grants were effective April 8, 2011.  The form of grant agreements for these awards provide that the shares of common stock governed by such awards for which the restrictions have not lapsed are not entitled to receive cash dividends, if any, paid on such shares.