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Ahold at a glance
Notes to the consolidated
financial statements
Our strategy
Our performance
Governan
Financials
Investors
Ahold Annual Report 2013
2013 GRO program rank:
1
2
3
4
5
6
7
8
9
10
11
12
Vice President and up
1 75%
150%
125%
100%
75%
50%
0%
0%
0%
0%
0%
0%
Other participants
1 50%
135%
120%
105%
90%
75%
60%
45%
30%
15%
7.5%
0%
As of the end of 201 3, Ahold held the second position with respect to the 2009 share grant, the third position for the 2010 grant, the fifth position for the 2011 grant, the fourth position for the
2012 grant and the eighth position for the 201 3 grant. The 2009 share grant's long-term component vests on the day after the publication of the 2013 annual results. The final TSR ranking for
this component is the second position (130% for Management Board members and 135% for other participants). The positions with respect to the 2010, 20112012 and 2013 share grants
are not an indication of Ahold's final ranking at the end of the performance periods, nor do they provide any information related to the vesting of shares.
Upon termination of employment due to retirement, disability or death, the same vesting conditions as described above apply. Upon termination of employment without cause in certain
circumstances (e.g., restructuring or divestment), a pro rata part of the granted shares will vest on the date of termination of employment.
In addition, a limited number of shares were granted to other ExCo members and other employees in 2013 under a new program. This program consists of unconditional and conditional
shares. The unconditional shares vest immediately on the award date. The conditional shares vest in two tranches. Half of the conditional shares vest on the day after the publication of Ahold's
full-year results in the first year and half in the second year after the grant. Under this plan, 123,000 shares were granted in 2013, of which 41,000 vested in the same year. At the end of
2013, 82,000 shares were outstanding, of which 41,000 will vest in 2014 and 41,000 in 2015.
The following table summarizes the status of the GRO program during 2013 for the individual Management Board members and for all other employees in the aggregate.
Outstanding at
Outstanding at
Minimum
Maximum
Fair value per
the beginning
the end
number of
number of
share at the
of 2013
Granted1
Vested2
Forfeited of 2013
shares3
shares4
grant date
Dick Boer
Five-year 2008 grant
52,674
5,267
57,941
8.04
Five-year 2009 grant
54,706
54,706
82,059
7.02
Three-year 2010 grant
33,671
33,671
9.50
Five-year 2010 grant
33,671
33,671
50,506
7.29
Three-year 2011 grant
65,965
65,965
65,965
65,965
8.59
Five-year 2011 grant
65,965
65,965
98,947
6.00
Three-year 2012 grant
73,026
73,026
73,026
73,026
9.23
Five-year 2012 grant
73,026
73,026
109,539
7.81
2013 TSR grant
57,757
- 57,757
101,074
7.76
2013 RoC grant
57,757
- 57,757
86,635
10.52
2013 conditional grant
31,767
31,767
31,767
31,767
10.52
Jeff Carr
Three-year 2011 grant
50,388
50,388
50,388
50,388
8.31
Five-year 2011 grant
50,388
50,388
75,582
5.80
Three-year 2012 grant
45,405
- 45,405
45,405
45,405
9.23
Five-year 2012 grant
45,405
- 45,405
68,107
7.81
2013 TSR grant
29,539
- 29,539
51,693
7.76
2013 RoC grant
29,539
- 29,539
44,308
10.52
2013 conditional grant
16,247
16,247
16,247
16,247
10.52
