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SEC Filings
10-K
TERRAFORM POWER, INC. filed this Form 10-K on 07/21/2017
Entire Document
 

Name and Principal Positions as of 12/31/2016
Year
Salary
($)(1)
Retention Bonus
($) (12)
Stock Awards
($)(2)
 
Option Awards
($)(2)
Non-Equity Incentive Plan Compensation
($) (3)
 
Change in Pension Value and Nonqualified Deferred Compensation Earnings
All Other Compensation ($)
 
Total ($)
Peter Blackmore (4)
2016


321,168

(5)


 

100,000

(6)
421,168

Chairman & Interim Chief Executive Officer
 
 
 
 
 
 
 
 
 
 
 

Rebecca Cranna (8)
2016
412,067

199,574

224,198

(5)

376,498

(14)

12,936

(7)
1,225,273

Executive Vice President and Chief Financial Officer
2015
328,713


1,296,119

(5)


 

15,484

(7)
1,640,316

 
2014
108,630


4,333,150

(5)

64,288

(3)

2,000

(7)
4,508,068

Sebastian Deschler
2016
308,474

144,620

162,464

(5)

268,536

(14)

16,430

(7)
900,524

Senior Vice President, General Counsel and Secretary
2015
287,038


309,168

(5)


 

20,030

(7)
616,236

 
2014
256,667


94,453

(5)

175,560

(3)

11,502

(7)
538,182

Thomas Studebaker (9)(10)
2016



 


 

1,305,395

(9)
1,305,395

Chief Operating Officer
 
 
 
 
 
 
 
 
 
 
 

David Rawden (9)(11)
2016



 


 

1,233,795

(9)
1,233,795

Interim Chief Accounting Officer
 
 
 
 
 
 
 
 
 
 
 

Brian Wuebbels (8)(13)
2016
234,850



 


 

14,318

(7)
249,168

President and Chief Executive Officer
2015
489,655


3,440,373

(5)


 

35,000

(7)
3,965,028

 
2014
455,000


1,908,000

(5)

682,500

(3)

16,043

(7)
3,061,543

————
(1)
Amounts shown include (a) cash compensation earned and received, (b) cash compensation earned but deferred at the election of the executive officer under the SunEdison Retirement Savings Plan and (c) cash received in exchange for earned but unused paid time off.
(2)
All option awards reflected in the table are non-qualified stock options and all stock awards reflected in the table are Restricted Stock Units or Restricted Stock Awards, in each case, issued under the SunEdison, Inc. 2010 Amended and Restated Equity Incentive Plan, the SunEdison, Inc. 2015 Long-Term Incentive Plan, the TerraForm Power, Inc. 2014 Second Amended and Restated Long-Term Incentive Plan or the TerraForm Global, Inc. 2014 Long-Term Incentive Plan. For a detailed description of the individual Restricted Stock Units or Restricted Stock Awards awarded under these plans, please see "Outstanding Equity Awards at Fiscal Year-End" below. The dollar amounts shown for stock awards and option awards represent the aggregate grant date fair value with respect to fiscal years 2016, 2015 and 2014 in accordance with the applicable Accounting Standard Codification 718, Stock Compensation, excluding the effect of forfeitures related to service-based conditions. These amounts do not reflect whether the named executive officers have actually realized or will realize a financial benefit from the awards. For information on the assumptions used to calculate the value of the awards, refer to Note 2 to consolidated financial statements in this annual report on Form 10-K.
(3)
These amounts were awarded for fiscal 2014 under SunEdison, Inc. annual incentive plan for executive officers.
(4)
Mr. Blackmore joined the Company's Board and became its Chairman on November 20, 2015. He served as the chairman of the Office of the Chairman from March 30, 2016 until April 21, 2016 whereupon the Board dissolved the Office of the Chairman and Mr. Blackmore was appointed as Interim Chief Executive Officer in addition to his role as Chairman of the Board.
(5)
Represents shares and units granted under the SunEdison 2010 Amended and Restated Equity Incentive Plan, the TerraForm Power, Inc. Long-Term Incentive Plan and the Terraform Global, Inc. Long-Term Incentive Plan. For a detailed description of the individual Restricted Stock Units or Restricted Stock Awards awarded under these plans, please see "Outstanding Equity Awards at Fiscal Year-End" below.
(6)
Represents cash fees paid to Mr. Blackmore for his service as a director for the Company and TerraForm Global, Inc. Mr. Blackmore does not receive additional cash or equity compensation for his service as the Interim Chief Executive Officer of the Company or Terraform Global, Inc.
(7)
Amount shown is contribution by SunEdison to the SunEdison Retirement Savings Plan.
(8)
These individuals split their time evenly between the Company and TerraForm Global, Inc. The cash compensation received by each of these individuals reflects the total cash compensation received for services provided to the Company and to TerraForm Global, Inc. Beginning in 2017, Ms. Cranna is an employee of TerraForm Power, Inc. and is compensated directly by the Company.


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