Attached files
| file | filename |
|---|---|
| EX-99.4 - EX-99.4 - STONE ENERGY CORP | d290934dex994.htm |
| EX-99.3 - EX-99.3 - STONE ENERGY CORP | d290934dex993.htm |
| EX-99.2 - EX-99.2 - STONE ENERGY CORP | d290934dex992.htm |
| EX-99.1 - EX-99.1 - STONE ENERGY CORP | d290934dex991.htm |
| 8-K - FORM 8-K - STONE ENERGY CORP | d290934d8k.htm |
Exhibit 99.5
Achieving Milestones
2016
Incentive Plan – Performance Goals
75 Stretch $158.70 60 Stretch $175
50
Target $138.00 40 Target $195
25 Minimum $117.30 20 Minimum $215
Below
minimum: 0%
Minimum: 50%
At target: 100%
At or above stretch: 150%
SEC
15 Stretch .17
10 Tolerance .27
5 Minimum .37
HSE Performance
STONE
Achieving Milestones
EBITDA - Target 50 points
Performance Level Q1 ($MM) Q2 ($MM) Q3 ($MM) Q4
($MM)
Full Year EBITDA ($MM)
Maximum $30.02 $40.36 $43.24 $45.08 $158.70
Target $26.10 $35.10 $37.60 $39.20 $138.00
Threshold $22.19 $29.83 $31.96
$33.32 $117.30
Target EBITDA Calculation
Pre-Tax Income
+ Interest Expense
+DD&A and Accretion
+Rig Expenses (shifted to Capital Spend)
+Non-recurring
= EBITDA for Target
STONE
Achieving Milestones
Capital Expenditure - Target 40 points
Performance Level Q1 ($MM) Q2
($MM) Q3 ($MM) Q4 ($MM) Full Year CAPEX ($MM)
Maximum $75.18 $37.94 $27.27 $34.61 $175.00
Target $83.65 $42.32 $30.42 $38.61 $195.00
Threshold $92.35 $46.61 $33.51 $42.53 $215.00
Target Capital Expenditure Calculation
Capital Expenditures +Rig Expenses
(shifted from EBITDA)
= Capital Expenditure Target
STONE
Achieving Milestones
Safety - Target 10 points
Safety # of Events
Injuries
Third Party Recordables 20% 0
SGY & Contractor Recordables 30% 0
SGY, Contractor, 3rd Party DART 50% 0
50% of safety score will be calculated in final score
Spills
Environment # of Events
Less than 10 gal 20% 0
Between 10 gal & 1 bbl 30% 0
Greater than 1 bbl 50% 0
30% of environment score will be calculated in final score
Fines
Compliance # of Events
Less than $1k 20% 0
Between $1k & $25k 30% 0
Greater than $25k 50% 0
20% of compliance score will be calculated in final score
2016 SEC Proposal
Safety 50% 0.00
HSE Score 0.00
Environment 30% 0.00
Compliance 20% 0.00
SCORE
Stretch .17
10 Tolerance .27
Minimum .37
same for each quarter
4
STONE
ENERGY
STONE ENERGY CORPORATION 2016 PERFORMANCE INCENTIVE PLAN
QUARTERLY REPORT ON GOALS
| 1Q | 2Q | 3Q | ||||||||||||||||||||||||
| Actual | Points | Actual | Points | Actual | Points | |||||||||||||||||||||
| EBITDA | $ | 42.29 | 75 | $ | 38.64 | 67 | $ | 48.84 | 75 | |||||||||||||||||
| CAP EX | $ | 86.73 | 33 | $ | 43.08 | 36 | $ | 43.51 | 0 | |||||||||||||||||
| HSE | 0.02 | 15 | 0.16 | 15 | 0.27 | 10 | ||||||||||||||||||||
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| TOTAL POINTS EARNED |
123 | 118 | 85 | |||||||||||||||||||||||
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| TOTAL POINTS APPROVED |
123 | 118 | 60 | |||||||||||||||||||||||
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2016 Director Gift Match Program Summary
| Budget | Contribution | Match | Balance | |||||||||||||
| David Lawrence |
$ | 10,000.00 | $ | — | $ | — | $ | 10,000.00 | ||||||||
| Christmas, George R. |
$ | 10,000.00 | $ | 1,667.00 | $ | 1,000.00 | $ | 9,000.00 | ||||||||
| Duplantis, B.J. |
$ | 10,000.00 | $ | — | $ | — | $ | 10,000.00 | ||||||||
| Kinnear, Peter |
$ | 10,000.00 | $ | — | $ | — | $ | 10,000.00 | ||||||||
| Laborde, John |
$ | 10,000.00 | $ | — | $ | — | $ | 10,000.00 | ||||||||
| Murley, Bob |
$ | 10,000.00 | $ | — | $ | — | $ | 10,000.00 | ||||||||
| Powell, Don |
$ | 10,000.00 | $ | — | $ | — | $ | 10,000.00 | ||||||||
| Pattarozzi, Richard A. |
$ | 10,000.00 | $ | 13,800.00 | $ | 10,000.00 | $ | — | ||||||||
| Priestly, Kay |
$ | 10,000.00 | $ | — | $ | — | $ | 10,000.00 | ||||||||
| Phyllis Taylor |
$ | 10,000.00 | $ | — | $ | — | $ | 10,000.00 | ||||||||
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| Grand Total |
$ | 100,000.00 | $ | 15,467.00 | $ | 11,000.00 | $ | 89,000.00 | ||||||||