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AFLAC INCORPORATED
2017 PROXY STATEMENT
47
The following table provides information concerning total compensation earned or paid to our CEO, CFO and the
three other most highly compensated executive officers who were serving as executive officers during 2016. These
five officers are referred to as our NEOs in this Proxy Statement.
* Total without Change in Pension Value represents total compensation, as determined under applicable SEC rules, minus the change in pension value
reported in the Change in Pension Value and Nonqualified Deferred Compensation Earnings column. This additional column has been included to show
the effect that the year-over-year change in pension value had on total compensation as determined under applicable SEC rules. The amounts reported in
the Total without Change in Pension Value column differ from the amounts reported in the Total column required under SEC rules and are not a substitute
for total compensation. The change in pension value, as discussed in footnote 4 below, is subject to many external variables that are not related to the
Company’s performance.
(1) In each of the 3 years above, includes $441,100 deferred for Mr. Daniel P. Amos. This amount has been included in the 2016 Nonqualified Deferred
Compensation table below.
(2) Mr. Crawford received a one-time discretionary award of 4,104 shares of performance-based restricted stock that will vest on the third anniversary of the
grant date if the related performance metrics are met.
(3) In accordance with the SEC’s reporting requirements, we report all equity awards at their full grant date fair value under ASC 718. 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, 2016. See page 50 for a more detailed discussion of our outstanding equity grants compared to
current fair market value.
(4) No amount in this column is attributable to above-market earnings on deferred compensation. The aggregate change in the actuarial present value of the
accumulated benefit obligation of the defined benefit pension plan and Retirement Plan for Senior Officers for Messrs. Daniel P. Amos and Cloninger was a
decrease of $1,299,019 and $243,315, respectively. Mr. Crawford is not eligible to participate in the defined benefit plans because the plans were frozen
prior to his hire date. See the “Pension Benefits” section and the accompanying table beginning on page 52 for a more detailed discussion of the retirement
plans.
(5) Additional information regarding all other compensation is provided in the “All Other Compensation” or “Perquisites” tables detailed on the following page
.
Name and
Principal Position
Year
Salary
(1)
($)
Bonus
($)
Stock Awards
(2)(3)
($)
Option
Awards
(3)
($)
Non-equity
Incentive
Plan
Compensation
($)
Change in
Pension
Value and
Nonqualified
Deferred
Compensation
Earnings
(4)
($)
All Other
Compensation
(5)
($)
Total
($)
Total
without
Change in
Pension
Value*
($)
Daniel P. Amos
Chairman and CEO
2016
2015
2014
1,441,100
1,441,100
1,441,100
–
–
–
13,773,466
4,800,556
2,141,162
–
–
–
4,884,442
5,509,362
4,829,415
–
–
6,835,154
313,002
231,365
230,517
20,412,010
11,982,383
15,477,348
20,412,010
11,982,383
8,642,194
Frederick J. Crawford
Executive Vice
President, CFO
2016
2015
2014
700,000
360,606
–
–
1,240,000
–
1,420,062
847,987
–
280,003
211,994
–
1,400,700
799,652
–
–
–
–
454,628
47,335
–
4,255,393
3,507,574
–
4,255,393
3,507,574
–
Kriss Cloninger III
President
2016
2015
2014
975,000
975,000
975,000
–
–
–
7,772,382
3,017,256
2,644,624
–
–
661,159
2,321,529
2,583,298
2,190,304
–
278,335
2,329,649
139,409
134,538
116,359
11,208,320
6,988,427
8,917,095
11,208,320
6,710,092
6,587,446
Paul S. Amos II
President, Aflac
2016
2015
2014
700,000
677,900
667,900
–
–
–
1,120,019
1,093,011
1,655,800
280,003
257,128
333,948
1,564,038
1,619,607
1,238,548
1,402,759
716,225
1,290,895
1,579,325
1,088,891
982,557
6,646,144
5,452,762
6,169,648
5,243,385
4,736,537
4,878,753
Eric M. Kirsch
Executive Vice
President, Global Chief
Investment Officer, Aflac
2016
2015
2014
593,800
593,800
585,000
–
–
–
950,052
957,391
1,170,000
237,519
239,348
292,507
1,906,407
2,262,378
1,898,061
36,505
26,174
30,759
17,281
8,363
11,395
3,741,564
4,087,454
3,987,722
3,705,059
4,061,280
3,956,963
2016 Summary Compensation Tables