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Main Section Title [H1]
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Subsection Title [H2]
AFLAC INCORPORATED
2017 PROXY STATEMENT
52
2016 Summary Compensation Tables
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2016 Option Exercises and Stock V sted
Stock Award Grant Date
Stock Award Vesting Schedule
02/11/14
Graded vesting based on the attainment of the cumulative target performance goals for RBC ratios, SMR, and OROE
of Aflac for three consecutive calendar years beginning with the year of grant. Each year a credit will be earned with a
minimum of 50% and a maximum of 150% as measured at each year-end. The final award on 2/14/2017 was vested
with a maximum payout of 100% based on the arithmetic average of the credit earned each year.
02/10/15 and 07/01/15
Graded vesting on the third anniversary of the award based on the attainment of the cumulative target performance
goal for RBC ratios of Aflac for three consecutive calendar years beginning with the year of grant. Each year a credit
will be earned with a minimum of 50% and a maximum of 150% as measured at each year-end. The final award will
be the arithmetic average of the credit earned each year, but with a maximum payout of 100%.
12/31/15
Graded vesting of the award based on the attainment of the cumulative target performance goals for RBC ratios of
Aflac for three consecutive calendar years beginning with the year of grant. Each year a credit will be earned with
a minimum threshold of 50% and a maximum of 150% as measured at each year-end. The final award will be the
arithmetic average of the credit earned each year, but with a maximum payout of 100%.
02/09/16 and 08/09/16
Cliff vesting on the third anniversary of the award based on the attainment of the cumulative target performance goals
for RBC ratios of Aflac for three consecutive calendar years beginning with the year of grant. For the three year period,
stock will vest at 50% if the threshold RBC ratio is achieved and 100% if target is attained.
12/30/16
Cliff vesting on 2/9/2019 of the award based on the attainment of the cumulative target performance goals for RBC
ratios of Aflac for three consecutive calendar years beginning with the year of grant. For the performance period, stock
will vest at 50% if threshold RBC ratio is achieved and 100% if target is attained.
2016 Option Exercises and Stock Vested
The following table provides information with respect to options exercised and stock awards vested during 2016
for each of the NEOs.
Name
Number of Shares
Acquired on Exercise
(#)
Value Realized
on Exercise
($)
Number of Shares
Acquired on Vesting
(#)
Value Realized
on Vesting
($)
Daniel P. Amos
477,621
9,935,779
198,599
13,665,431
Frederick J. Crawford
—
—
—
—
Kriss Cloninger III
104,000
1,171,040
55,380
3,173,832
Paul S. Amos II
—
—
24,350
1,395,498
Eric M. Kirsch
21,100
407,546
24,350
1,395,498
Stock Awards
Option Awards
Pension Benefits
The Company maintains tax-qualified, noncontributory defined benefit pension plans that cover the NEOs other
than Mr. Crawford, and nonqualified supplemental retirement plans covering the NEOs other than Messrs.
Crawford and Kirsch. All of these plans were frozen before Mr. Crawford joined the Company.
The Company does not credit extra years of service under any of its retirement plans, unless required by
employment agreements upon certain termination events. Messrs. Daniel P. Amos and Cloninger are eligible to
receive immediate retirement benefits. For Mr. Daniel P. Amos, retirement benefits fall under the provisions of the
U.S. tax-qualified plan and the Retirement Plan for Senior Officers. For Messrs. Cloninger and Paul S. Amos II,
retirement benefits fall under the U.S. tax-qualified plan and the Supplemental Executive Retirement Plan. For Mr.
Kirsch, retirement benefits fall under the U.S. tax-qualified plan.