Notes 8, 9
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Financial statements - Notes to the consolidated financial statements
Shares and other interests in Ahold
As of December 31, 2006, Corporate Executive Board
members held the following shares and other interests
in Ahold:
Common shares
A.C. Moberg
400,000
P.N. Wakkie
7,500
Total
407,500
On the starting date of his employment, John Rishton
was granted 100,000 Ahold shares, which he will receive
after three years employment. John Rishton's grant of
shares will vest immediately in the event that his
employment agreement is terminated within the three-year
vesting period.
As of December 31, 2006, René Dahan held 140,000 Ahold
shares. None of the other Supervisory Board members held
Ahold shares.
Remuneration of the Supervisory Board members
EUR in thousands
2006
2005
2004
R. Dahan (appointed in 2004)
73
70
28
J. Hommen (appointed in 2003)
83
71
47
K.M.A. de Segundo (appointed in 2004)
72
67
25
D.C. Doijer (appointed in 2005)
66
49
M. Hart (appointed in 2005)
64
43
S.M. Shern (appointed in 2005)
83
57
J. Sprieser (appointed in 2006)
68
B. Hoogendoorn (appointed and
resigned in 2005)
24
Dr. C.P. Schneider (resigned in 2005)
14
38
L.J.R. de Vink (resigned in 2005)
18
47
K. Vuursteen (resigned in 2005)
14
50
R. Fahlin (resigned in 2004)
20
M. Perry (resigned in 2004)
16
R.G. Tobin (resigned in 2004)
16
Total
509
427
287
Compensation of other key management personnel
Key management personnel are those persons having
authority and responsibility for planning, directing and
controlling the activities of the Company as a whole.
The Company recognized the following expenses for
consideration paid, payable or provided to other key
management personnel (i.e., not members of the Corporate
Executive Board or Supervisory Board), in exchange for
services rendered to the Company:
EUR in thousands 2006 2005 2004
Short-term employee benefits
(mainly salaries, bonuses and
social security contributions) 6,611 5,611 4,648
Post-employment benefits
(pensions and other
post-employment benefits) 380 990 642
Share-based compensation expenses 1,140 788 2,872
Termination benefits - 570
Other long-term benefits -
Total
8,131
7,959
8,162
9 Share-based compensation
In 2006 Ahold had two main share-based compensation
programs: (a) conditional share grant program (the Global
Reward Opportunity Program "GRO" and (b) a one-off
performance share grant plan ("PSG"). Due to contractual
obligations, a very limited number of employees were
granted options under the 2005 option plan rules.
Furthermore, restricted shares are incidentally granted to
employees as part of their remuneration. In principle, plan
rules will not be altered during the term of the plans.
Total share-based compensation expenses, which are
fully recognized in the Group Support Office segment,
were as follows:
2006
2005
2004
GRO program
9
Share option plans
8
17
11
2004-2006 Performance Share Grant
3
7
7
Granted shares
1
1
5
Total share-based compensation expenses
21
25
23
Total compensation cost related to non vested options and
conditional shares not yet recognized at December 31, 2006
is EUR 52, which is expected to be recognized over a
weighted average period of 2.89 years.
The Company does not hold any of its own shares to
cover the share-based compensation programs, as it is
the Company's current policy to issue new shares for
these programs.
76 Ahold Annual Report 2006
