Delhaize Group Annual Report 2014 143
2012Shares
Outstanding at beginning of year 520 584
Granted 166 123
Released from restriction (210 611)
Forfeited/expired (17 363)
Outstanding at end of year 458 733
Performance Stock Units
As from 2013, Delhaize Group granted performance stock units to Vice Presidents and above. Performance stock units are
restricted stock units, with service and performance conditions. The cliff-vesting of these performance stock units is linked to the
achievement of non-market financial performance condition targets over a cumulative 3-year period, being a ROIC target for
2013 and Shareholders Value Creation, as defined above, for 2014.
Performance stock units granted to employees of U.S. operating companies under the "Delhaize America 2012 Restricted Stock
Unit Plan" were as follows:
Effective Date of Grants
Fair value at grant
date
Number of Shares
Underlying Award
Issued
Number of Shares
Underlying
Awards
Outstanding at
December 31, 2014
Number of
Beneficiaries
(at the moment of
issuance)
December 2014
$72.48
7 782
7 782
1
July 2014
$68.04
18 739
18 739
1
May 2014
$71.28
172 426
161 965
50
November 2013
$58.40
3 979
3 979
1
May 2013
$64.75
122 364
112 972
60
Activities related to the performance stock unit plans were as follows:
2014
Shares
Outstanding at beginning of year
126 343
Granted
198 947
Released from restriction
(2 647)
Forfeited/expired
(17 206)
Outstanding at end of year
305 437
