William S. Ayer served as the CEO of Alaska Air Group from 2002 until his retirement in 2012. During his time, he was pivotal in steering the company through challenging economic conditions and maintaining its reputation for customer service and...

Number of Employees

23.01K

Year

2012

Total Compensation

$252.60K

Salary

$150.54K

Board Justification

The compensation philosophy aims to attract and retain qualified executives by providing competitive compensation that is aligned with company performance and shareholder interests.

Bonus

$0.00

Board Justification

No bonus was awarded for the year 2012 as Mr. Ayer served only part of the year as CEO before transitioning to Executive Chairman.

Other

$54.94K

Board Justification

Other compensation includes the company's incremental cost of providing flight benefits, annual physical, and accidental death and dismemberment insurance premiums.

Restricted Stock

$47.12K(1.24K RSUs)

Board Justification

1,240 restricted stock units (RSUs) were granted on February 14, 2012, which will vest fully on February 14, 2015.

Performance Metrics

Performance metrics for the year included achieving specific operational and financial goals, although Mr. Ayer's performance metrics were not applicable for the portion of the year he served as Executive Chairman.

SEC Filing

From April 4, 2013