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SEC Filings

10-K
TERRAFORM GLOBAL, INC. filed this Form 10-K on 12/21/2016
Entire Document
 

2015 Director Compensation
The following table provides certain information about compensation paid to our outside directors during 2015.
Name
 
Fees Earned or Paid in Cash ($)
 
Stock Awards($)(1)
 
Option Awards ($)
 
Total ($)
Peter Blackmore
 
32,192

 
77,469

 

 
109,661

Christopher A. Compton
 
32,192

 
77,469

 

 
109,661

Hanif M. Dahya
 
60,616

 
121,500

 

 
182,116

John F. Stark
 
32,192

 
77,469

 

 
109,661

Mark Florian(2)
 
40,411

 
121,500

 

 
161,911

Mark D. Lerdal(2)
 
56,575

 
121,500

 

 
178,075

Francisco Perez Gundin(2)
 

 

 

 

Steven Tesoriere(2)
 

 

 

 

(1) This amount represents the aggregate grant date fair value of the RSUs granted to each director, calculated in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718, Compensation - Stock Compensation ("FASB ASC Topic 718") and determined by multiplying the number of RSUs granted by the fair market value of the Company's common stock on the grant date.
(2) These individuals were removed as Directors of the Company effective November 20, 2015.
Director Equity Outstanding at Fiscal Year-End
The following table summarizes equity awards outstanding as of December 31, 2015 for each director.
Name
 
Stock Awards Number of Shares or Units of Stock That Have Not Vested
 
Option Awards Number of Securities Underlying Unexercised Options
Peter Blackmore
 
14,700

 

Christopher A. Compton
 
14,700

 

Hanif M. Dahya
 
8,100

 

John F. Stark
 
14,700

 

Mark Florian
 

 

Mark D. Lerdal
 

 



Item 11. Executive Compensation.
During the year ended December 31, 2015, we did not employ any of our named executive officers (as defined below). Each of our named executive officers was employed and compensated by SunEdison or a subsidiary of SunEdison. The ultimate responsibility and authority for compensation-related decisions for our named executive officers resided with the SunEdison compensation committee or the chief executive officer of SunEdison, as applicable, and any such compensation decisions were not subject to any approvals by our Board or any committees thereof. Because we played no role in determining the compensation of our named executive officers and because we are a controlled company under NASDAQ Rule 5615(c), we are not required to establish a compensation committee. In addition, as we are an “emerging growth company,” as defined by the JOBS Act, we are permitted to comply with reduced disclosure obligations regarding executive compensation. Therefore, we do not provide Compensation Discussion and Analysis in this annual report on Form 10-K.
Our named executive officers, as well as other employees of SunEdison who provide services to us, may participate in employee benefit plans and arrangements sponsored by SunEdison, including plans that may be established in the future. We will not reimburse SunEdison for compensation related expenses attributable to any executive’s or employee’s time dedicated to providing services to us. Except as set forth below, we do not currently expect to have any long-term incentive or equity compensation plan in which our executive officers may participate.
The MSA does not require our named executive officers to dedicate a specific amount of time to fulfilling SunEdison’s obligations to us under the MSA. Additionally, SunEdison has informed us that it cannot identify the portion of compensation awarded to our named executive officers by SunEdison that relates solely to their services to us, as SunEdison does not


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