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Directors with Terms expiring at the Annual Meeting/Nominees | | Class | | Age | | Position | | Director Since | | Current Term Expires | | Expiration of Term For Which Nominated | | | Class | | Age | | Position | | Director Since | | Current Term Expires | | Expiration of Term For Which Nominated | | ||||||||||||||||||||||||
James L. Nelson | | III | | | | 70 | | | Director, Chief Executive Officer and President | | | | 2017 | | | | | 2020 | | | | | 2023 | | | |||||||||||||||||||||||||
Edward M. Weil, Jr. | | III | | | | 52 | | | Director | | | | 2017 | | | | | 2020 | | | | | 2023 | | | |||||||||||||||||||||||||
Continuing Directors | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||
Lee M. Elman | | II | | | | 83 | | | Independent Director, Conflicts Committee Chair | | | | 2016 | | | | | 2022 | | | | | — | | | | II | | 85 | | Independent Director, Conflicts Committee Chair | | 2016 | | 2022 | | 2025 | | ||||||||||||
P. Sue Perrotty | | II | | | | 66 | | | Non-Executive Chair, Audit Committee Chair, Nominating and Corporate Governance Committee Chair | | | | 2015 | | | | | 2022 | | | | | — | | | | II | | 68 | | Non-Executive Chair, Nominating and Corporate Governance Committee Chair | | 2015 | | 2022 | | 2025 | | ||||||||||||
Continuing Directors | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||
M. Therese Antone | | I | | 82 | | Independent Director, Audit Committee Chair | | 2020 | | 2024 | | — | | |||||||||||||||||||||||||||||||||||||
James L. Nelson | | III | | 72 | | Director, Chief Executive Officer and President | | 2017 | | 2023 | | — | | |||||||||||||||||||||||||||||||||||||
Edward G. Rendell | | I | | | | 76 | | | Independent Director, Compensation Committee Chair | | | | 2012 | | | | | 2021 | | | | | — | | | | I | | 78 | | Independent Director, Compensation Committee Chair | | 2012 | | 2024 | | — | | ||||||||||||
Edward M. Weil, Jr. | | III | | 54 | | Director | | 2017 | | 2023 | | — | | |||||||||||||||||||||||||||||||||||||
Abby M. Wenzel | | I | | | | 59 | | | Independent Director | | | | 2012 | | | | | 2021 | | | | | — | | | | I | | 61 | | Independent Director | | 2012 | | 2024 | | — | | ||||||||||||
Executive Officers (not listed above) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||
Christopher J. Masterson | | N/A | | | | 37 | | | Chief Financial Officer, Treasurer and Secretary | | | | N/A | | | | | N/A | | | | | N/A | | | | N/A | | 39 | | Chief Financial Officer, Treasurer and Secretary | | N/A | | N/A | | N/A | |
Name and Principal Position | | | Year | | | Salary ($) | | | Bonus ($) | | | Stock Awards ($)(1) | | | All Other Compensation ($)(2) | | | Total ($) | | ||||||||||||||||||
James L. Nelson, President and Chief Executive Officer | | | | | 2021 | | | | | $ | — | | | | | $ | — | | | | | $ | 499,324 | | | | | $ | 26,220 | | | | | $ | 525,544 | | |
| | | 2020 | | | | | | — | | | | | | — | | | | | | 248,963 | | | | | | 5,720 | | | | | | 254,683 | | | ||
| | | 2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | ||
Christopher J. Masterson, Chief Financial Officer, Treasurer and Secretary | | | | | 2021 | | | | | $ | — | | | | | $ | — | | | | | $ | 399,364 | | | | | $ | 22,506 | | | | | $ | 421,870 | | |
| | | 2020 | | | | | | — | | | | | | — | | | | | | 211,532 | | | | | $ | 4,860 | | | | | $ | 216,392 | | | ||
| | | 2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Name | | | Grant Date(1) | | | Committee Approval Date | | | All Other Stock Awards: | | | | | | | | |||||||||
| Number of Shares of Stock (#) | | | Grant Date Fair Value of Awards($)(2) | | ||||||||||||||||||||
James L. Nelson | | | | | 6/24/21 | | | | | | 5/21/21 | | | | | | 26,225 | | | | | $ | 499,324 | | |
Christopher J. Masterson | | | | | 6/24/21 | | | | | | 5/21/21 | | | | | | 20,975 | | | | | $ | 399,364 | | |
| | | Number of Restricted Shares That Have Not Vested (#) | | | Market Value of Restricted Shares That Have Not Vested ($) | | ||||||
James L. Nelson | | | | | 36,950(1) | | | | | $ | 564,596(2) | | |
Christopher J. Masterson | | | | | 31,964(1) | | | | | | 488,410(2) | | |
Name | | Fees Paid in Cash ($) | | Stock Awards ($)(1) | | Option Awards ($) | | Non-Equity Incentive Plan Compensation ($) | | Changes in Pension Value and Nonqualified Deferred Compensation Earnings ($) | | All Other Compensation ($)(2) | | Total Compensation ($) | | | Fees Paid in Cash ($) | | Stock Awards ($)(1) | | Option Awards ($) | | Non-Equity Incentive Plan Compensation ($) | | Changes in Pension Value and Nonqualified Deferred Compensation Earnings ($) | | All Other Compensation ($)(2) | | Total Compensation ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
M. Therese Antone | | | $ | 104,000 | | | | $ | 65,000(3) | | | | | — | | | | | — | | | | | — | | | | | — | | | | $ | 169,000 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
Lee M. Elman | | | $ | 109,500 | | | | $ | 65,000(3) | | | | | — | | | | | — | | | | | — | | | | | — | | | | $ | 174,500 | | | | | $ | 103,250 | | | | $ | 65,000(3) | | | | | — | | | | | — | | | | | — | | | | | — | | | | $ | 168,250 | | | ||||||||||||||
James L. Nelson | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | — | | | | | —(4) | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||
P. Sue Perrotty | | | $ | 168,750 | | | | $ | 117,500(4) | | | | | — | | | | | — | | | | | — | | | | | — | | | | $ | 286,250 | | | | | $ | 156,000 | | | | $ | 117,500(5) | | | | | — | | | | | — | | | | | — | | | | | — | | | | $ | 273,500 | | | ||||||||||||||
Edward G. Rendell | | | $ | 109,500 | | | | $ | 65,000(3) | | | | | — | | | | | — | | | | | — | | | | | — | | | | $ | 174,500 | | | | | $ | 102,250 | | | | $ | 65,000(3) | | | | | — | | | | | — | | | | | — | | | | | — | | | | $ | 167,250 | | | ||||||||||||||
Edward M. Weil, Jr. | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||
Abby M. Wenzel | | | $ | 110,250 | | | | $ | 65,000(3) | | | | | — | | | | | — | | | | | — | | | | | — | | | | $ | 175,250 | | | | | $ | 102,500 | | | | $ | 65,000(3) | | | | | — | | | | | — | | | | | — | | | | | — | | | | $ | 167,500 | | |
Plan Category | | | Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants, and Rights | | | Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights | | | Number of Securities Remaining Available For Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (a) | | |||||||||
| | | (a) | | | (b) | | | (c) | | |||||||||
Equity Compensation Plans approved by security holders | | | | | 2,500,000(1) | | | | | | — | | | | | | 1,644,328 | | |
Equity Compensation Plans not approved by security holders | | | | | — | | | | | | — | | | | | | 2,772,905 | | |
Total | | | | | 2,500,000(1) | | | | | | — | | | | | | 4,417,233 | | |
Beneficial Owner(1) | | | Number of Shares Beneficially Owned | | | Percent of Class | | ||||||
Blackrock, Inc.(2) | | | | | 14,964,424 | | | | | | 16.7% | | |
The Vanguard Group(3) | | | | | 13,588,136 | | | | | | 15.2% | | |
James L. Nelson | | | | | 14,000 | | | | | | * | | |
Christopher J. Masterson | | | | | — | | | | | | — | | |
Edward M. Weil, Jr.(4) | | | | | 22,018 | | | | | | * | | |
Lee M. Elman(5) | | | | | 7,367 | | | | | | * | | |
P. Sue Perrotty(6) | | | | | 26,906 | | | | | | * | | |
Governor Edward G. Rendell(7) | | | | | 22,161 | | | | | | * | | |
Abby M. Wenzel(8) | | | | | 22,099 | | | | | | * | | |
All directors and executive officers as a group (seven persons) | | | | | 114,551 | | | | | | * | | |
Beneficial Owner(1) | | | Number of Shares Beneficially Owned | | | Percent of Class | | ||||||
BlackRock, Inc.(2) | | | | | 18,135,298 | | | | | | 17.5% | | |
The Vanguard Group(3) | | | | | 16,671,795 | | | | | | 16.0% | | |
State Street Corporation(4) | | | | | 5,801,202 | | | | | | 5.6% | | |
James L. Nelson(5) | | | | | 54,525 | | | | | | * | | |
Christopher J. Masterson(6) | | | | | 31,964 | | | | | | * | | |
Edward M. Weil, Jr.(7) | | | | | 22,018 | | | | | | * | | |
M. Therese Antone(8) | | | | | 1,620 | | | | | | * | | |
Lee M. Elman(9) | | | | | 13,461 | | | | | | * | | |
P. Sue Perrotty(10) | | | | | 40,590 | | | | | | * | | |
Edward G. Rendell(11) | | | | | 32,066 | | | | | | * | | |
Abby M. Wenzel(12) | | | | | 32,004 | | | | | | * | | |
All directors and executive officers as a group (eight persons)(13) | | | | | 228,248 | | | | | | * | | |
Performance Level (% of Absolute TSR LTIP Units Earned) | | | | | | | | | Absolute TSR | | | Number of Absolute TSR LTIP Units Earned | | |||
Below Threshold | | | | | —% | | | | Less than 24% | | | | | — | | |
Threshold | | | | | 25% | | | | 24% | | | | | 319,366 | | |
Target | | | | | 50% | | | | 30% | | | | | 638,733 | | |
Maximum | | | | | 100% | | | | 36% or higher | | | | | 1,277,465 | | |
Performance Level (% of Relative TSR LTIP Units Earned) | | | | | | | | | Relative TSR Excess | | | Number of Absolute TSR LTIP Units Earned | | |||
Below Threshold | | | | | —% | | | | Less than -600 basis points | | | | | — | | |
Threshold | | | | | 25% | | | | -600 basis points | | | | | 319,366 | | |
Target | | | | | 50% | | | | - basis points | | | | | 638,733 | | |
Maximum | | | | | 100% | | | | +600 basis points | | | | | 1,277,465 | | |
Performance Level (% of Absolute TSR LTIP Units Earned) | | | | | | | | | Absolute TSR | | | Number of LTIP Units Earned — 2021 OPP | | |||
Below Threshold | | | | | 0% | | | | Less than 24% | | | | | 0 | | |
Threshold | | | | | 25% | | | | 24% | | | | | 312,500 | | |
Target | | | | | 50% | | | | 30% | | | | | 625,000 | | |
Maximum | | | | | 100% | | | | 36% or higher | | | | | 1,250,000 | | |
Performance Level (% of Relative TSR LTIP Units Earned) | | | | | | | | | Relative TSR Excess | | | Number of LTIP Units Earned — 2021 OPP | | |||
Below Threshold | | | | | 0% | | | | Less than -600 basis points | | | | | 0 | | |
Threshold | | | | | 25% | | | | -600 basis points | | | | | 312,500 | | |
Target | | | | | 50% | | | | 0 basis points | | | | | 625,000 | | |
Maximum | | | | | 100% | | | | 600 basis points | | | | | 1,250,000 | | |