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Transamerica Capital's models use data that exclude long-term cash incentives that are earned by executives, compensation for serving as a director of the company, and
Transamerica Capital's models use data that exclude long-term cash incentives that are earned by executives, compensation for serving as a director of the company, and severance payments to departing executives. Based on the excerpt below, what dollar value(s) for which executive(s) should you as a Research Associate make sure are excluded from the compensation data?
- Under our executive automobile policy, the executive is required to make contributions to GEO in circumstances where the cost of the executive automobile exceeds the overall cost allowance as determined under the policy.
- We pay rates for the life insurance policies of our named executive officer above the level that is excludable under applicable tax rules. The resulting excess coverage represented in this column is treated as imputed income to the officers.
- We provided certain perquisites to the named executive officers for personal use of the Company's leased aircraft. For 2021, Dr. Zoley was allotted 30 hours of aircraft usage and Mr. Evans was allotted 5 hours of aircraft usage. For purposes of the Summary Compensation Table, we determine the aggregate incremental cost to us for personal use of company aircraft using a method that takes into account the cost of fuel, trip-related maintenance, crew travel expenses, on-board catering, landing fees, trip-related hangar/parking costs and other variable costs. Since the aircraft is used primarily for business travel, the calculation does not include the fixed costs that do not change based on usage, such as pilots' salaries, aircraft acquisition costs and the cost of maintenance not related to trips.
- For Mr. Gordo, the column "Board Fees" includes $110,625 in compensation he earned as a director of the Company in 2021 prior to being appointed as Chief Executive Officer effective July 1, 2021.
- For Fiscal year ended 2021, Dr. Zoley served as Chairman of the Board and Chief Executive Officer until July 1, 2021, when he was appointed Executive Chairman. Mr. Gordo was appointed Chief Executive Officer effective July 1, 2021.
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