Professional Documents
Culture Documents
GM 2014 Compensation Summary
GM 2014 Compensation Summary
GM 2014 Compensation Summary
Option
Awards
($)
Non-Equity
Incentive
Plan
Compensation
(5)($)
All Other
Compensation
(7)($)
Year
Salary
($)
Mary T. Barra
2014
1,567,803
11,760,567
2,072,000
349,926
412,532
16,162,828
2013
750,000
4,446,504
36,636
5,233,140
2012
750,000
3,906,484
258,558
28,445
4,943,487
2014
691,667
3,177,354
647,500
265,201
113,110
4,894,832
Daniel Ammann(8)
2014
990,530
6,310,564
925,000
263,252
8,489,346
2013
750,000
4,481,562
28,475
5,260,037
2012
750,000
4,007,056
31,810
4,788,866
Mark L. Reuss
2014
846,212
7,458,881
786,300
275,588
110,796
9,477,777
2014
692,235
4,127,946
647,500
179,184
118,666
5,765,531
Karl-Thomas Neumann(3)
2014
822,133
3,701,727
640,583
83,216
21,767
5,269,426
2013
684,029
3,698,075
75,754
1,350,472
5,808,330
2,099,253
Bonus
($)
Stock
Awards
(4)($)
Change in
Pension Value
and NQ
Deferred
Compensation
Earnings
(6)($)
Total
($)
Michael P. Millikin
Executive Vice President &
General Counsel
Chairman of the
Management Board of
Opel Group GmbH
Daniel F. Akerson(8)
2014
850,000
1,100,800
148,453
2013
1,700,000
7,302,206
66,270
9,068,476
2012
1,700,000
9,332,659
70,149
11,102,808
(1)
(2)
(3)
(4)
Titles in the table reflect the NEO's positions as of December 31, 2014. On January 15, 2014, Mr. Akerson stepped down from
his position as Chairman & CEO and then served as a Senior Advisor until he left the Company in July 2014. Ms. Barra was
named CEO, replacing Mr. Akerson. At the same time, Mr. Ammann was appointed President and Mr. Stevens replaced Mr.
Ammann as Executive Vice President & Chief Financial Officer.
Messrs. Stevens, Reuss, and Millikin were not NEOs in 2012 or 2013, and Dr. Neumann was not a NEO in 2012.
Dr. Neumanns salary, which is paid in Euros, has been converted to U.S. dollars, applying an average foreign exchange rate for
the period from January 1, 2014 to December 31, 2014 during which compensation was earned 1 = $1.3291.
Stock awards display the grant date fair market value and include TARP RSUs, RSUs, and PSUs at target. The maximum award
for PSUs for the 2014 - 2016 performance period is 200% of grant, the value at the time of grant was $36.12 per share. The table
below shows the maximum PSU grant and value based on the grant date value of $36.12 per share. Mr. Akerson did not receive
any equity awards in 2014.
Maximum
PSU Grant (#)
Name
Mary T. Barra
415,284
15,000,058
100,706
3,637,501
Daniel Ammann
188,954
6,825,018
Mark L. Reuss
161,442
5,831,285
88,248
3,187,518
112,128
4,050,063
Michael P. Millikin
Karl-Thomas Neumann
(5)
(6)
Maximum PSU
Grant Value ($)
Each NEO was eligible for a payment under the STIP for 2014 performance. Based on Company performance each NEO received
74% of target. Mr. Akerson received a pro-rata STIP award for 2014. The payment for Dr. Neumann was made in Euros and
converted using the exchange rate on the date of payment (February 27, 2015) which was 1 = $1.1195.
These amounts represent the actuarial change in the present value of the executive's accrued benefit for 2014 attributed to yearover-year variances in applicable discount rates, lump sum interest rate, mortality rates, and employer contributions to tax-qualified
53