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* David Gary Thompson retired from the Board of Directors on May 4, 2015.
(1)
Daniel P. Amos, Chairman and CEO; Paul S. Amos II, President, Aflac; and Kriss Cloninger III, President, are not included in the table, as they
are employees and thus do not receive compensation for their services as Directors. The compensation received by Messrs. Daniel P. Amos,
Paul S. Amos II, and Cloninger as employees is shown in the Summary Compensation Table below.
(2)
This column represents the dollar amount recognized in accordance with Financial Accounting Standards Board Accounting Standards
Codification Topic 718 (“ASC 718”) for financial statement purposes with respect to the 2015 fiscal year for the fair value of restricted stock
granted in 2015. The fair values of the awards granted in 2015 were calculated using the closing per-share stock price on the date of grant of
$64.24 for W. Paul Bowers, Elizabeth J. Hudson, Douglas W. Johnson, Robert B. Johnson, Charles B. Knapp, Barbara K. Rimer, Melvin T. Stith
and Takuro Yoshida and the closing per-share stock price on the date of grant of $63.52 for Thomas J. Kenny and Joseph L. Moskowitz. As of
December 31, 2015, each Non-employee Director held the following number of restricted stock awards: W. Paul Bowers, 6,889; Elizabeth J.
Hudson, 8,438; Douglas W. Johnson, 4,313; Robert B. Johnson, 8,438; Thomas J. Kenny, 788; Charles B. Knapp, 2,102; Joseph L. Moskowitz,
1,550; Barbara K. Rimer, 2,102; Melvin T. Stith, 9,776; and Takuro Yoshida, 2,102.
(3)
In accordance with the SEC’s reporting requirements, this column represents the dollar amount recognized in accordance with ASC 718 for
financial statement purposes with respect to the 2015 stock option grants. The Company's valuation assumptions are described in Note 12
“Share-Based Compensation” in the Notes to the Consolidated Financial Statements in the Company’s Annual Form 10-K filed with the SEC for
the year ended December 31, 2015.
Stock options granted to Non-employee Directors vest 25% per year over a four-year vesting period. As of
December 31, 2015, each non-employee Director held stock options covering the following number of shares of Common Stock: Elizabeth J.
Hudson, 29,026; Douglas W. Johnson, 47,236; Robert B. Johnson, 7,000; Thomas J. Kenny, 14,735; Charles B. Knapp, 52,749; Barbara K.
Rimer, 52,749; and Takuro Yoshida, 44,749.
(4)
Represents change in pension value. W. Paul Bowers, Douglas W. Johnson, Robert B. Johnson, Thomas J. Kenny, Joseph L. Moskowitz,
Melvin T. Stith, David Gary Thompson, and Takuro Yoshida do not participate in the Director retirement plan since they first became Directors
after the plan was closed to new participants in 2002. The aggregate change in the actuarial present value of the accumulated benefit obligation
was a decrease for: Elizabeth J. Hudson, $4,660; Charles B. Knapp, $6,267; and Barbara K. Rimer, $2,507.
(5)
Amounts disclosed if in excess of $10,000. Thomas J. Kenny was appointed by the Board of Directors to fill a vacancy on the Board on February
10, 2015. Effective February 9, 2015, the Company terminated a consulting agreement that it entered into with Mr. Kenny on April 19, 2012. The
amount reflected in Other Compensation represents Mr. Kenny’s consulting fees prior to joining the Board.
Name
(1)
Stock
Awards
(2)
Option
Awards
(3)
Total
($)
($)
($)
($)
($)
140,000
135,032
—
—
— 275,032
130,000
135,032
—
—
— 265,032
175,000
135,032
—
—
— 310,032
135,000
135,032
—
—
— 270,032
55,523
50,054
135,228
—
60,000
300,805
145,000
135,032
—
—
— 280,032
83,333
98,456
—
—
— 181,789
130,000
135,032
—
—
— 265,032
125,000
135,032
—
—
— 260,032
38,333
—
—
—
—
38,333
W. Paul Bowers
Elizabeth
J. Hudson
Douglas W.
Johnson
Robert B. Johnson
Thomas J. Kenny
Charles B. Knapp
Joseph L. Moskowitz
Barbara K. Rimer, DrPH
Melvin T. Stith
David Gary Thompson*
Takuro Yoshida
115,000
135,032
—
—
— 250,032
2015 DIRECTOR COMPENSATION
Change
in Pension
Value and
Nonqualified
Deferred
Compensation
Earnings
(4)
Fees Earned
or Paid in
Cash
The following table identifies each item of compensation paid to Non-employee Directors for 2015.
All Other
Compensation
(5)
($)
24