The table below summarizes the compensation for the years 2023, 2022 and 2021 attributable to each of the NEOs.
| Name and Principal Position · Year · Salary($) · Bonus($) · StockAwards($)(1) · OptionAwards($)(2) · Non-EquityIncentive PlanCompensation($)(3) · All OtherCompensation($)(4) · Total($) |
|---|
| Wes Powell — | | 2023 | | 625,000 | | — | | 2,500,003 | (5) | | — | | 935,638 | | 13,200 | | 4,073,841 |
|---|
| President and Chief Executive Officer | | 2022 | | 550,000 | | — | | 550,003 | | 550,002 | | 1,196,516 | | 12,200 | | 2,858,721 |
|---|
| 2021 | | 525,000 | | — | | 3,123,148 | | 964,228 | | 827,662 | | 5,160 | | 5,445,198 | |
| H. Lynn C. Stanfield — | | 2023 | | 475,000 | | — | | 852,648 | (6) | | — | | 754,965 | | 13,200 | | 2,095,813 |
|---|
| Executive Vice President and Chief Financial Officer | | 2022 | | 450,000 | | — | | 528,077 | | — | | 805,753 | | 12,200 | | 1,796,030 |
|---|
| 2021 | | 425,000 | | — | | 2,354,344 | | — | | 633,332 | | 5,160 | | 3,417,836 | |
| Jennifer Johnson — | | 2023 | | 425,000 | | — | | 626,944 | (7) | | — | | 686,666 | | 13,200 | | 1,751,810 |
|---|
| Executive Vice President, Chief Administrative Officer and General Counsel | | 2022 | | 395,000 | | — | | 327,198 | | 50,001 | | 774,309 | | 12,200 | | 1,558,708 |
|---|
| 2021 | | 371,280 | | — | | 1,558,035 | | — | | 617,877 | | 5,160 | | 2,552,352 | |
| (1) | This column represents the aggregate grant date fair value of stock awards in the year granted computed in accordance with FASB ASC Topic 718. For additional information on the valuation assumptions with respect to the grants reflected in this column for 2023, refer to the Share-Based Compensation footnote to Aimco’s consolidated financial statements in this filing. |
The amounts shown in this column for 2023 include the grant date fair value of the performance-based restricted stock awards granted in 2023 based on the probable outcome of the performance condition to which such awards are subject, which was calculated by a third-party consultant using a Monte Carlo valuation model in accordance with FASB ASC Topic 718. Based on the foregoing, the grant date fair value is $7.75 per share for the performance-based restricted stock awards granted to each of Mr. Powell and Mses. Stanfield and Johnson, that are based on relative TSR performance.
| (2) | This column represents the aggregate grant date fair value of the option awards in the year granted computed in accordance with FASB ASC Topic 718. |
| (3) | For Mr. Powell, the amount shown represents the STI bonus that was paid to him on February 21, 2024. For Ms. Stanfield, the amount shown equals the sum of $688,275, representing the STI bonus that was paid to her on February 21, 2024, and $66,690, representing a payout in 2023 pursuant to a prior year long-term cash grant. For Ms. Johnson, the amount shown equals the sum of $496,014, representing the STI bonus that was paid to her on February 21, 2024, and $190,652, representing a payout in 2023 pursuant to prior year long-term cash grants. |
| (4) | Includes non-discretionary matching contributions under Aimco’s 401(k) plan. |
| (5) | Consists of a 2023 LTI award of 322,581 shares of performance-based restricted stock for the forward looking, three-year performance period from January 1, 2023, through December 31, 2025, with the number of shares earned, if any, vesting 100% following the end of the three-year performance period, subject to Mr. Powell’s continued employment on the applicable vesting date. |
| (6) | Equity awards for Ms. Stanfield in 2023 include a 2023 LTI award consisting of the following: (i) 37,678 shares of time-based restricted stock, vesting one-third on each anniversary of the grant date; and (ii) 73,119 shares of performance-based restricted stock for the forward looking, three-year performance period from January 1, 2023, through December 31, 2025, with the number of shares earned, if any, vesting 100% following the end of the three-year performance period, in each case, subject to Ms. Stanfield’s continued employment on the applicable vesting date. |
| (7) | Equity awards for Ms. Johnson in 2023 include a 2023 LTI award consisting of the following: (i) 27,704 shares of time-based restricted stock, vesting one-third on each anniversary of the grant date; and (ii) 53,764 shares of performance-based restricted stock for the forward looking, three-year performance period from January 1, 2023, through December 31, 2025, with the number of shares earned, if any, vesting 100% following the end of the three-year performance period, in each case, subject to Ms. Johnson’s continued employment on the applicable vesting date. |
