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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 | |
Lee M. Elman | | | II | | | 82 | | | Independent Director, Conflicts Committee Chair | | | 2016 | | | 2019 | | | 2022 | |
P. Sue Perrotty | | | II | | | 65 | | | Non-Executive Chair, Audit Committee Chair, Nominating and Corporate Governance Committee Chair | | | 2015 | | | 2019 | | | 2022 | |
Continuing Directors | | | | | | | | ||||||||||||
James L. Nelson | | | III | | | 69 | | | Director, Chief Executive Officer and President | | | 2017 | | | 2020 | | | — | |
Edward G. Rendell | | | I | | | 75 | | | Independent Director, Compensation Committee Chair | | | 2012 | | | 2021 | | | — | |
Edward M. Weil, Jr. | | | III | | | 51 | | | Director | | | 2017 | | | 2020 | | | — | |
Abby M. Wenzel | | | I | | | 58 | | | Independent Director | | | 2012 | | | 2021 | | | — | |
Executive Officers (not listed above) | | | | | | | | ||||||||||||
Christopher J. Masterson | | | N/A | | | 36 | | | Chief Financial Officer, Treasurer and Secretary | | | N/A | | | N/A | | | N/A | |
Directors with Terms expiring at the Annual Meeting/Nominees | | | 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 | | | | | | — | | |
P. Sue Perrotty | | | II | | | | | 66 | | | | Non-Executive Chair, Audit Committee Chair, Nominating and Corporate Governance Committee Chair | | | | | 2015 | | | | | | 2022 | | | | | | — | | |
Edward G. Rendell | | | I | | | | | 76 | | | | Independent Director, Compensation Committee Chair | | | | | 2012 | | | | | | 2021 | | | | | | — | | |
Abby M. Wenzel | | | I | | | | | 59 | | | | Independent Director | | | | | 2012 | | | | | | 2021 | | | | | | — | | |
Executive Officers (not listed above) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Christopher J. Masterson | | | N/A | | | | | 37 | | | | Chief Financial Officer, Treasurer and Secretary | | | | | N/A | | | | | | N/A | | | | | | N/A | | |
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 ($)(2) | | Total Compensation ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lee M. Elman | | | $ | 131,720 | | | | $ | 65,000(3) | | | | | — | | | | | — | | | | | — | | | | $ | 12,524 | | | | $ | 209,244 | | | | | $ | 109,500 | | | | $ | 65,000(3) | | | | | — | | | | | — | | | | | — | | | | | — | | | | $ | 174,500 | | | ||||||||||||||
James L. Nelson | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||
P. Sue Perrotty | | | $ | 182,000 | | | | $ | 117,500(4) | | | | | — | | | | | — | | | | | — | | | | $ | 36,112 | | | | $ | 335,612 | | | | | $ | 168,750 | | | | $ | 117,500(4) | | | | | — | | | | | — | | | | | — | | | | | — | | | | $ | 286,250 | | | ||||||||||||||
Edward G. Rendell | | | $ | 124,250 | | | | $ | 65,000(3) | | | | | — | | | | | — | | | | | — | | | | $ | 25,051 | | | | $ | 214,301 | | | | | $ | 109,500 | | | | $ | 65,000(3) | | | | | — | | | | | — | | | | | — | | | | | — | | | | $ | 174,500 | | | ||||||||||||||
Edward M. Weil, Jr. | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||
Abby M. Wenzel | | | $ | 126,250 | | | | $ | 65,000(3) | | | | | — | | | | | — | | | | | — | | | | $ | 25,051 | | | | $ | 214,301 | | | | | $ | 110,250 | | | | $ | 65,000(3) | | | | | — | | | | | — | | | | | — | | | | | — | | | | $ | 175,250 | | |
Beneficial Owner(1) | | Number of Shares Beneficially Owned | | Percent of Class | | | Number of Shares Beneficially Owned | | Percent of Class | | ||||||||||||||||
Blackrock, Inc.(2) | | | | 12,084,313 | | | | | 14.4% | | | | | | 14,964,424 | | | | | 16.7% | | | ||||
The Vanguard Group(3) | | | | 11,237,698 | | | | | 13.4% | | | | | | 13,588,136 | | | | | 15.2% | | | ||||
James L. Nelson | | | | 8,000 | | | | | * | | | | | | 14,000 | | | | | * | | | ||||
Christopher J. Masterson | | | | — | | | | | — | | | | | | — | | | | | — | | | ||||
Edward M. Weil, Jr. | | | | 22,018 | | | | | * | | | | | | 22,018 | | | | | * | | | ||||
Lee M. Elman | | | | 10,694 | | | | | * | | | | | | 7,367 | | | | | * | | | ||||
P. Sue Perrotty | | | | 35,588 | | | | | * | | | | | | 26,906 | | | | | * | | | ||||
Gov. Edward G. Rendell(8) | | | | 28,152 | | | | | * | | | |||||||||||||||
Governor Edward G. Rendell(7) | | | | 22,161 | | | | | * | | | |||||||||||||||
Abby M. Wenzel | | | | 28,090 | | | | | * | | | | | | 22,099 | | | | | * | | | ||||
All directors and executive officers as a group (seven persons) | | | | 132,542 | | | | | * | | | | | | 114,551 | | | | | * | | |
Performance Level (% of Absolute TSR LTIP Units Earned) | Performance Level (% of Absolute TSR LTIP Units Earned) | | Absolute TSR | | Number of Absolute TSR LTIP Units Earned | | | | | | | | Absolute TSR | | Number of Absolute TSR LTIP Units Earned | | ||||||||||||||||
Below Threshold | | | | —% | | | Less than 24% | | | | — | | | | | | —% | | | Less than 24% | | | | — | | | ||||||
Threshold | | | | 25% | | | 24% | | | | 319,366 | | | | | | 25% | | | 24% | | | | 319,366 | | | ||||||
Target | | | | 50% | | | 30% | | | | 638,733 | | | | | | 50% | | | 30% | | | | 638,733 | | | ||||||
Maximum | | | | 100% | | | 36% or higher | | | | 1,277,465 | | | | | | 100% | | | 36% or higher | | | | 1,277,465 | | |
Performance Level (% of Relative TSR LTIP Units Earned) | Performance Level (% of Relative TSR LTIP Units Earned) | | Relative TSR Excess | | Number of Absolute TSR LTIP Units Earned | | | | | | | | Relative TSR Excess | | Number of Absolute TSR LTIP Units Earned | | ||||||||||||||||
Below Threshold | | | | —% | | | Less than -600 basis points | | | | — | | | | | | —% | | | Less than -600 basis points | | | | — | | | ||||||
Threshold | | | | 25% | | | -600 basis points | | | | 319,366 | | | | | | 25% | | | -600 basis points | | | | 319,366 | | | ||||||
Target | | | | 50% | | | — basis points | | | | 638,733 | | | | | | 50% | | | - basis points | | | | 638,733 | | | ||||||
Maximum | | | | 100% | | | +600 basis points | | | | 1,277,465 | | | | | | 100% | | | +600 basis points | | | | 1,277,465 | | |