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24 EXECUTIVE COMPENSATION Summary Compensation Table The following table summarizes all compensation awarded to, earned by or paid to each of the Company's NEOs during each of the last three years or such shorter number of years during which he was an NEO. The additional tables that follow the Summary Compensation Table are intended to be supporting presentations to the Summary Compensation Table. Most compensation elements in the supporting tables are aggregated and included in the Summary Compensation Table. You should refer to the section entitled "Compensation Discussion and Analysis" beginning on page 10 to help you understand the compensation practices and programs resulting in the compensation elements in these tables. A narrative description of the material factors necessary to understand the information in the Summary Compensation Table is provided following the table. Name and Principal Position Year Salary ($) Bonus ($) Stock Awards ($) Option Awards ($) Non-Equity Incentive Plan Compensation ($) All Other Compensation ($) Total ($) Kevin A. Lobo 2016 1,129,167 0 5,387,926 3,667,315 2,276,723 336,268 12,797,399 Chairman, President and 2015 1,093,333 0 3,646,077 3,537,640 1,927,813 265,487 10,470,350 Chief Executive Officer 2014 1,055,000 0 3,249,982 3,231,527 1,320,188 263,450 9,120,147 Glenn S. Boehnlein (1) 2016 517,333 0 964,323 870,955 542,299 91,390 2,986,300 Vice President and Chief Financial Officer Timothy J. Scannell 2016 610,333 0 1,914,393 1,329,381 769,827 146,195 4,770,129 Group President, 2015 584,333 0 1,684,414 1,284,252 718,713 125,351 4,397,063 MedSurg and 2014 568,500 0 1,049,952 1,043,996 555,218 106,523 3,324,189 Neurotechnology David K. Floyd 2016 575,000 0 1,600,717 1,146,064 600,595 127,201 4,049,577 Group President, 2015 545,000 0 1,166,577 945,009 644,780 98,033 3,399,399 Orthopaedics 2014 513,333 0 800,040 795,502 346,208 85,583 2,540,666 Lonny J. Carpenter 2016 497,500 0 1,331,468 962,658 573,121 93,945 3,458,692 Group President, 2015 481,708 0 1,259,959 872,290 441,946 85,435 3,141,338 Global Quality and Business Operations William R. Jellison (2) 2016 554,000 387,800 0 0 0 114,340 1,056,140 Advisor to the Chief 2015 551,500 0 624,319 605,767 485,458 99,182 2,366,226 Financial Officer and Former 2014 536,667 0 624,940 621,436 350,152 86,340 2,219,535 Chief Financial Officer ______________ (1) Mr. Boehnlein became Vice President, Chief Financial Officer effective April 1, 2016. The Salary and Non-Equity Incentive Plan Compensation values for 2016 consist of nine months for Mr. Boehnlein's current role of Vice President, Chief Financial Officer and three months for his prior role of Vice President, Chief Financial Officer for the MedSurg and Neurotechnology group. (2) Mr. Jellison retired from his role as Vice President, Chief Financial Officer effective April 1, 2016 and is employed as an Advisor to the Chief Financial Officer through March 31, 2017. The terms of the Transition Agreement entered into with Mr. Jellison in connection with his retirement are discussed under "Named Executive Officers" on page 10. Salary: This column represents the base salary paid to the NEO during the reported year. This column includes the portion of salary payments deferred into our 401(k) Plan and Supplemental Plan. Bonus: This column reflects discretionary cash payments. The discretionary payment to Mr. Jellison for 2016 is an advisory period incentive bonus made in connection with his Transition Agreement. Payments under our individual NEO bonus plans pursuant to our Executive Bonus Plan are reflected in the "Non-Equity Incentive Plan Compensation" column and are discussed below under that heading. Stock Awards: This column represents the aggregate grant date fair value of performance stock units and restricted stock units, calculated in accordance with the Compensation — Stock Compensation Topic of the FASB Codification. The 2016 values for the NEOs are comprised of the following amounts: Name 2016 PSUs ($) 2013 PSUs Adjustment ($) Total ($) Kevin A. Lobo 4,060,359 1,327,567 5,387,926 Glenn S. Boehnlein 964,323 — 964,323 Timothy J. Scannell 1,471,892 442,501 1,914,393 David K. Floyd 1,268,825 331,892 1,600,717 Lonny J. Carpenter 1,065,955 265,513 1,331,468 William R. Jellison — — — The values in the "2013 PSUs Adjustment" column in the foregoing table are related to the adjustments that were made to the number of shares that were earned in connection with the 2013 performance stock unit awards, which vested on March 21, 2016. The adjustments were applied in recognition of the impact that significant acquisitions or divestitures had on the three-year average sales growth among the comparison companies used for the 2013 PSUs.