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| Richard H. Brown Chairman of the Board | | | Mark P. Vergnano President & Chief Executive Officer | |
| VIRTUAL ANNUAL MEETING OVERVIEW | | | | | 1 | | |
| PROPOSAL 1 — ELECTION OF DIRECTORS | | | | | 1 | | |
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| CORPORATE GOVERNANCE | | | | | | | |
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| BOARD STRUCTURE AND COMMITTEE COMPOSITION | | | | | | | |
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| DIRECTOR COMPENSATION | | | | | | | |
| SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT | | | | | | | |
| EXECUTIVE COMPENSATION | | | | | | | |
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| PROPOSAL 2 — ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION | | | | | | | |
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| CERTAIN RELATIONSHIPS AND TRANSACTIONS | | | | | | | |
| GENERAL INFORMATION ABOUT THE MEETING | | | | | | | |
| OTHER INFORMATION | | | | | | | |
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| Appendix A: Form of Proposed Amendments | | | | | A-1 | | |
| Appendix B: Amendment of The Chemours Company 2017 Equity and Incentive Plan | | | | | B-1 | | |
| Meeting Information | | | Summary of Matters to be Voted Upon | | ||||||
| Time and | | | Voting Matter | | | Board Vote Recommendation | | | See Page | |
| 10:00 a.m. (Eastern time) on Tuesday, April Place: | | | Management Proposals | | | | | | | |
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| Core Skills & Qualifications | | | Additional Experience | | ||||||
| Leadership (Strategy & Execution) | | | Chemical Industry Experience | | | Marketing | | | Information Technology | |
| Financial Expertise | | | Risk Management | | | Business Development Operations | | | Logistics & Supply Chain | |
| Global Business Strategy & Management | | | Global Business | | | Mergers & Acquisitions | | | Legal Expertise | |
| Technological Innovation | | | Compensation & Succession | | | Capital Markets | | | Regulatory Experience | |
| Corporate Governance | | | Diversity | | | Investor Relations & Engagement | | | Cybersecurity | |
| Environment, Health, Safety & Sustainability | | | Other Board Experience | | | | | | | |
| | | | Curtis V. Anastasio | | | Bradley J. Bell | | | Richard H. Brown | | | Mary B. Cranston | | | Curtis J. Crawford | | | Dawn L. Farrell | | | Erin N. Kane | | | Sean D. Keohane | | | Mark P. Vergnano | |
| Core Skills and Experience | | |||||||||||||||||||||||||||
| Leadership (Strategy and Execution) | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | |
| Chemical Industry Experience | | | x | | | x | | | x | | | x | | | x | | | | | | x | | | x | | | x | |
| Financial Expertise | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | |
| Global Business Strategy and Management | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | |
| Global Business Operations | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | |
| Corporate Governance | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | |
| Other Board Experience | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | |
| Technological Innovation | | | x | | | | | | x | | | x | | | x | | | x | | | x | | | x | | | x | |
| Compensation & Succession | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | |
| Risk Management | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | |
| Environmental, Health, Safety and Sustainability | | | x | | | | | | x | | | x | | | | | | x | | | x | | | x | | | x | |
| Additional Experience | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Marketing | | | x | | | | | | | | | | | | x | | | x | | | x | | | x | | | x | |
| Business Development | | | x | | | | | | x | | | | | | x | | | x | | | x | | | x | | | x | |
| Mergers & Acquisitions | | | x | | | x | | | x | | | x | | | x | | | x | | | | | | | | | x | |
| Capital Markets | | | | | | x | | | x | | | | | | | | | x | | | | | | | | | x | |
| Investor Relations & Engagement | | | x | | | x | | | x | | | x | | | | | | x | | | x | | | x | | | x | |
| Information Technology | | | | | | | | | x | | | x | | | x | | | | | | | | | | | | | |
| Logistics & Supply Chain | | | x | | | | | | x | | | | | | | | | | | | x | | | x | | | | |
| Legal Expertise | | | x | | | | | | | | | x | | | | | | | | | | | | | | | | |
| Regulatory Experience | | | x | | | | | | x | | | x | | | | | | x | | | | | | | | | | |
| Cybersecurity | | | | | | | | | | | | x | | | | | | x | | | | | | | | | | |
| Diversity | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Gender | | | | | | | | | | | | x | | | | | | x | | | x | | | | | | | |
| Ethnicity | | | | | | | | | | | | | | | x | | | | | | | | | | | | | |
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| | Committee Memberships: Audit (Chair), Nominating and Corporate Governance Term of Age: 64 Business Experience: • President, Chief Executive Officer and Executive Director of NuStar GP Holdings, LLC • President, Chief Executive Officer and Executive Director of NuStar Energy, L.P. (2001 to 2013) Other Boards and Positions • Chairman, GasLog Partners LP (2014 to present) • Par Pacific Holdings, • Federal Reserve Bank of Dallas Mr. Anastasio has significant leadership experience as both an executive officer and board member of public companies. Through his experience as a former chief executive officer, he is able to provide the Board with valuable insight on global business management and financial matters. Mr. Anastasio’s knowledge of financial matters is further enhanced by his role as audit committee chairman of Par Pacific Holdings, Inc. and as a | | |
Curtis V. Anastasio | | |||
| | Committee Memberships: Compensation and Leadership Development, Nominating and Corporate Governance Term of Age: 68 Business Experience: • Executive Vice President and Chief Financial Officer, (2003 to • Senior Vice President and Chief Financial Officer of Rohm and Haas Company (1997 to Other Boards and • Director, Hennessy Capital Acquisition Corporations I-IV (HCAC) HCAC IV (2018 to 2020) HCAC III (2017 to 2018) HCAC II (2015 to 2017) HCAC I (2014 to 2015) • Momentive Performance Materials Holdings Inc. (2014 to 2019) • Compass Minerals International, Inc. (2003 to 2015) • IDEX Corporation (2001 to 2015) Through his over 35 years of executive experience in the technology, manufacturing and chemicals industries, Mr. Bell has developed financial expertise and experience in mergers and acquisitions, private equity and capital markets transactions. His experience includes over 12 years of experience as a chief financial officer of a publicly traded company, during which he obtained significant financial management and reporting expertise. Mr. Bell has over 30 years of experience as a director of multiple public companies, which allows him to bring the Board substantial knowledge of corporate governance, compensation design, shareholder relations, risk management and succession planning. | | |
Bradley J. Bell | |
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| | Committee Memberships: Chairman of the Board Term of Age: 73 Business Experience: • Chair and Chief Executive Officer, • Chief Executive Officer, • Chief Executive Officer, H&R Block Inc. • Chief Executive Officer, Illinois Bell Telephone Company Other Boards and Positions • Jackson & Partners, LLC (2020 to present) • Chairman, Browz, LLC (2005 to 2019) • E. I. du Pont de Nemours and Company • The Home Depot, Inc. • Vivendi Universal • Seagram Co Ltd. • Trustee Emeritus, Ohio University Foundation • Member, Business Roundtable, the President’s Advisory Committee on Trade and Policy Negotiations, the U.S.-Japan Business Council, the French-American Business Council, and the President’s National Security Telecommunications Advisory From his experiences as the chief executive officer and chairman of the board of several large public companies, Mr. Brown has valuable knowledge in the areas of global business management and operations, as well as the chemicals industry, corporate governance, financial matters, information technology, investor relations and supply chain logistics. His past experience serving as a public company chairman and his knowledge of the chemicals industry make Mr. Brown uniquely qualified to be the Chairman of the Board. | | |
Richard H. Brown | | |||
| | Committee Memberships: Audit, Nominating & Corporate Governance (Chair) Term of Office Expires: 2021 Age: 73 Business Experience: • Senior Partner and Chair Emeritus, Other Boards and Positions • McAfee, Inc. (2018 to present) • Visa, Inc. • MyoKardia, Inc. • International Rectifier Corporation (2008 to 2015) • Juniper Networks, Inc. (2007 to 2015) • Exponent, Inc. (2010 to 2014) • GrafTech International Ltd Ms. Cranston brings leadership experience and expertise in financial matters, risk management, legal matters and corporate governance. She has over 30 years of experience in mergers and acquisitions as a legal advisor and oversaw two large mergers while she was the chief executive officer of Pillsbury. Ms. Cranston also has experience in the areas of trade, antitrust, telecommunications, SEC enforcement and environmental law. Through her board memberships, she has dealt with cybersecurity issues, stockholder activism and board engagement with shareholders. | | |
Mary B. Cranston | |
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| | Committee Memberships: Audit Term of Office Expires: 2021 Age: 73 Business Experience: • President and Chief Executive Officer, • President and Chief Executive Officer, Other Boards and Positions • ON Semiconductor (1999 to 2020) • Xylem Inc. • E. I. du Pont de Nemours and Company • ITT Corp. • Agilysys • Lyondell Petrochemical • Author of • B. Kenneth West Lifetime Achievement Award, • Directors (NACD) • Outstanding Director, Financial Times (ODX) (2019) Dr. Crawford has more than 20 years of board experience and has developed an expertise in corporate governance and boardroom leadership. As an executive of several companies, he gained experience in a range of fields including technological innovation and the chemicals industry. Dr. Crawford has developed comprehensive risk management programs for major corporations and also has substantial experience in financial matters, executive compensation and succession planning. From his experience as the president and chief executive officer of a consulting firm, he provides the Board with a unique perspective on corporate governance matters. | | |
Curtis J. Crawford | | |||
| | Committee Memberships: Audit, Compensation and Leadership Development, Term of Office Expires: 2021 Age: 61 Business Experience: • President and Chief Executive Officer, • Chief Operating Officer, • Executive Vice President of Generation, Other Boards and • Business Council of • Mount Royal University, Chancellor From her role as both chief executive officer and board member of a public company, | | |
Dawn L. Farrell | |
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| | Committee Memberships: Audit, Compensation and Leadership Development Term of Office Expires: 2021 Age: 44 Business Experience: • President and Chief Executive Officer, AdvanSix (2016 to present) • Vice President and General Manager, Resins and Chemical, Honeywell (2014 to 2016); Business Director, Chemical Intermediates, (2011 to 2014); Global Marketing Manager, Resins and Chemicals (2008 to 2011); Global Marketing Manager, Authentication Technologies Business (2006 to 2008); Product Marketing Manager, Specialty Additives Business (2004 to 2006); Six Sigma Blackbelt Specialty materials (2002 – 2004) • Six Sigma and Process Engineering, Elementis Specialties and Kvaerner Process prior to 2002 Other Boards and Positions • American Institute of Chemical Engineers (2019 to present) • American Chemistry Council (2017 to present) Ms. Kane led the spin-off of AdvanSix into an independent, NYSE-listed public company, including the appointment of an executive team, oversight of global business operations and strategy, creation of a best-practices corporate governance regime and Board of Directors function, structuring of compensation and succession planning, and the development of ERM and HSE programs. | | |
Erin N. Kane | | |||
| | Director Since: 2018 Committee Memberships: Compensation and Leadership Development (Chair), Nominating and Corporate Governance Term of Office Expires: 2021 Age: 53 Business Experience: • President and CEO, Cabot Corporation • EVP, President, Reinforcement Materials, Cabot Corporation (2014 to 2016); SVP, President, Performance Chemicals (2012 to 2014); General Manager, Performance Chemicals (2008 to 2012); Vice President (2005 to 2008); joined Cabot • General Management positions, Other Boards and • American Chemistry Council Mr. Keohane has | | |
Sean D. Keohane | |
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| | Committee Memberships: President & CEO Term of Office Expires: 2021 Age: 63 Business Experience: • President and Chief Executive Officer, • Executive Vice President, DuPont, E.I. du Pont de Nemours and • Group Vice President, Other Boards and • Chairman American Chemistry Council • Johnson Controls International plc • Chairman, National Safety Council (2017 to 2019); Director (2007 to 2020) Mr. Vergnano has substantial leadership experience in the chemicals industry and in global business management and operations. He also brings knowledge and experience in technological innovation, risk management, corporate governance and financial matters. Through his former role with DuPont and his current role as the Company’s President and Chief Executive Officer, Mr. Vergnano has substantial knowledge of the Company and its industry. | | |
Mark P. Vergnano | ||||
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| | To view our Corporate Responsibility Commitment Report and learn more about our goals, go to: https://www.chemours.com/en/about-chemours/corporate-responsibility | | |
| | Audit Committee | | Compensation and Leadership Development Committee | | Nominating and Corporate Governance Committee | | | | Audit Committee | | Compensation and Leadership Development Committee | | Nominating and Corporate Governance Committee | | ||||||||
Curtis V. Anastasio | | X | | | | X | | | | X | | | | X | | ||||||||
Bradley J. Bell | | C | | X | | | | | | C | | X | | | | ||||||||
Mary B. Cranston | | X | | | | C | | | | X | | | | C | | ||||||||
Dr. Curtis J. Crawford | | X | | C | | | | | | X | | C | | | | ||||||||
Dawn L. Farrell | | | | X | | X | | | | | | X | | X | | ||||||||
Erin N. Kane | | X | | X | | | | ||||||||||||||||
Sean D. Keohane | | | | X | | X | | | | | | X | | X | | ||||||||
2018 Meetings | | 4 | | 6 | | 4 | | | |||||||||||||||
2020 Meetings | | 4 | | 9 | | 4 | | ||||||||||||||||
X = Member | X = Member | | C = Chair | | | | X = Member | | C = CHAIR | |
Fiscal Year 2018 Director Retainers | | | | | | | ||||||||
Fiscal Year 2020 Director Retainers | | | | | | | ||||||||
Annual Retainer(1) | | | $ | 100,000 | | | | | $ | 100,000 | | | ||
Annual Equity Award(2) | | | $ | 130,000 | | | | | $ | 145,000 | | | ||
Non-Executive Chairman Retainer(1) | | | $ | 110,000 | | | | | $ | 110,000 | | | ||
Audit Committee Chair Retainer(1) | | | $ | 20,000 | | | | | $ | 20,000 | | | ||
Compensation and Leadership Development Committee Chair Retainer(1) | | | $ | 15,000 | | | | | $ | 15,000 | | | ||
Nominating and Corporate Governance Committee Chair Retainer(1) | | | $ | 15,000 | | | | | $ | 15,000 | | |
Director(1) | | Fees Earned or Paid in Cash ($)(2) | | Equity Awards ($)(3) | | Total ($) | | | Fees Earned or Paid in Cash ($)(2) | | Equity Awards ($)(3) | | Total ($) | | ||||||||||||||||||||||||
Curtis V. Anastasio | | | | 100,000 | | | | | 130,045 | | | | | 230,045 | | | | | | 100,000 | | | | | 145,000 | | | | | 245,000 | | | ||||||
Bradley J. Bell | | | | 120,000 | | | | | 130,045 | | | | | 250,045 | | | | | | 120,000 | | | | | 145,000 | | | | | 265,000 | | | ||||||
Richard H. Brown | | | | 210,000 | | | | | 130,045 | | | | | 340,045 | | | | | | 210,000 | | | | | 145,000 | | | | | 355,000 | | | ||||||
Mary B. Cranston | | | | 107,500 | | | | | 130,045 | | | | | 237,545 | | | | | | 115,000 | | | | | 145,000 | | | | | 260,000 | | | ||||||
Curtis J. Crawford | | | | 115,000 | | | | | 130,045 | | | | | 245,045 | | | | | | 115,000 | | | | | 145,000 | | | | | 260,000 | | | ||||||
Dawn L. Farrell | | | | 100,000 | | | | | 130,045 | | | | | 230,045 | | | | | | 100,000 | | | | | 145,000 | | | | | 245,000 | | | ||||||
Erin N. Kane | | | | 100,000 | | | | | 145,000 | | | | | 245,000 | | | ||||||||||||||||||||||
Sean D. Keohane | | | | 75,000 | | | | | 130,045 | | | | | 205,045 | | | | | | 100,000 | | | | | 145,000 | | | | | 245,000 | | | ||||||
Stephen D. Newlin(4) | | | | 57,500 | | | | | 0 | | | | | 57,500 | | | ||||||||||||||||||||||
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Name | | | Aggregate Equity Outstanding as of December 31, | | |||
Curtis V. Anastasio | | | | | | | |
Bradley J. Bell | | | | | | | |
Richard H. Brown | | | | | | | |
Mary B. Cranston | | | | | | | |
Curtis J. Crawford | | | | | | | |
Dawn L. Farrell | | | | | | | |
Erin N. Kane | | | | | 21,645 | | |
Sean D. Keohane | | | | | | | |
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Name of beneficial owner | | Direct(1) | | Indirect(2) | | Right to acquire(3) | | Total | | Percent of class | | | Direct(1) | | Indirect(2) | | Right to acquire(3) | | Total | | Percent of class | | ||||||||||||||||||||||||||||||||||||||||
Mark P. Vergnano | | | | 584,676 | | | | | 61,578 | | | | | 1,579,877 | | | | | 2,226,131 | | | | | 1.34% | | | | | | 251,170 | | | | | 512,076 | | | | | 1,629,178 | | | | | 2,392,424 | | | | | 1.45% | | | ||||||||||
Mark E. Newman | | | | 153,471 | | | | | 2,480 | | | | | 459,819 | | | | | 615,770 | | | | | * | | | | | | 135,024 | | | | | 2,480 | | | | | 563,577 | | | | | 701,081 | | | | | * | | | ||||||||||
Paul Kirsch | | | | 57,921 | | | | | 0 | | | | | 52,495 | | | | | 110,416 | | | | | * | | | ||||||||||||||||||||||||||||||||||||
E. Bryan Snell | | | | 105,774 | | | | | 0 | | | | | 198,640 | | | | | 304,414 | | | | | * | | | ||||||||||||||||||||||||||||||||||||
Sameer Ralhan | | | | 253,510 | | | | | — | | | | | 231,799 | | | | | 485,309 | | | | | * | | | ||||||||||||||||||||||||||||||||||||
Edwin Sparks | | | | 8,712 | | | | | — | | | | | 47,476 | | | | | 56,188 | | | | | * | | | ||||||||||||||||||||||||||||||||||||
David C. Shelton | | | | 83,269 | | | | | 492 | | | | | 121,391 | | | | | 205,152 | | | | | * | | | | | | 38,921 | | | | | 71,992 | | | | | 190,538 | | | | | 301,451 | | | | | * | | | ||||||||||
Curtis V. Anastasio | | | | 2,692 | | | | | 0 | | | | | 25,753 | | | | | 28,445 | | | | | * | | | | | | 2,692 | | | | | 3,500 | | | | | 46,662 | | | | | 52,854 | | | | | * | | | ||||||||||
Bradley J. Bell | | | | 0 | | | | | 10,400 | | | | | 28,486 | | | | | 38,886 | | | | | * | | | | | | 6,410 | | | | | 20,400 | | | | | 52,106 | | | | | 78,916 | | | | | * | | | ||||||||||
Richard H. Brown | | | | 12,500 | | | | | 0 | | | | | 86,706 | | | | | 99,206 | | | | | * | | | | | | 20,000 | | | | | — | | | | | 125,343 | | | | | 145,343 | | | | | * | | | ||||||||||
Mary B. Cranston | | | | 0 | | | | | 0 | | | | | 28,486 | ��� | | | | 28,486 | | | | | * | | | | | | 2,834 | | | | | — | | | | | 49,712 | | | | | 52,546 | | | | | * | | | ||||||||||
Curtis J. Crawford | | | | 30 | | | | | 47 | | | | | 75,050 | | | | | 75,127 | | | | | * | | | | | | 30 | | | | | 47 | | | | | 101,678 | | | | | 101,755 | | | | | * | | | ||||||||||
Dawn L. Farrell | | | | 0 | | | | | 0 | | | | | 28,486 | | | | | 28,486 | | | | | * | | | | | | — | | | | | — | | | | | 49,712 | | | | | 49,712 | | | | | * | | | ||||||||||
Erin N. Kane | | | | — | | | | | — | | | | | 21,645 | | | | | 21,645 | | | | | * | | | ||||||||||||||||||||||||||||||||||||
Sean D. Keohane | | | | 0 | | | | | 0 | | | | | 2,733 | | | | | 2,733 | | | | | * | | | | | | — | | | | | — | | | | | 20,971 | | | | | 20,971 | | | | | * | | | ||||||||||
Directors, nominees and executive officers as a group (15 persons) | | | | 1,050,259 | | | | | 74,997 | | | | | 2,763,559 | | | | | 3,888,815 | | | | | 2.34% | | | ||||||||||||||||||||||||||||||||||||
Directors, nominees and executive officers as a group (17 persons) | | | | 745,130 | | | | | 610,495 | | | | | 3,240,046 | | | | | 4,595,671 | | | | | 2.78% | | |
Name and Address of Beneficial Owner | | | Number of Shares Beneficially Owned | | | Percent of Class(5) | | ||||||
FMR LLC(1) 245 Summer Street Boston, MA 02210 | | | | | 24,433,268 | | | | | | 14.31% | | |
The Vanguard Group(2) 100 Vanguard Blvd. Malvern, PA 19355 | | | | | 17,610,782 | | | | | | 10.31% | | |
BlackRock, Inc(3) 55 East 52nd Street New York, NY 10055 | | | | | 16,760,610 | | | | | | 9.81% | | |
Iridian Asset Management LLC(4) 276 Post Road West Westport, CT 06880 | | | | | 11,572,512 | | | | | | 6.78% | | |
Name and Address of Beneficial Owner | | | Number of Shares Beneficially Owned | | | Percent of Class(5) | | ||||||
FMR LLC(1), 245 Summer Street Boston, MA 02210 | | | | | 23,599,616 | | | | | | 14.31% | | |
The Vanguard Group(2), 100 Vanguard Blvd., Malvern, PA 19355 | | | | | 15,230,135 | | | | | | 9.23% | | |
BlackRock, Inc(3), 55 East 52nd Street, New York, NY 10055 | | | | | 13,627,874 | | | | | | 8.26% | | |
Sessa Capital(4), 888 Seventh Avenue, 30th Floor, New York, NY 10019 | | | | | 9,472,110 | | | | | | 5.74% | | |
Name | | | Position | |
Mark Vergnano | | | President and Chief Executive Officer | |
Mark Newman | | | Senior Vice President, | |
Sameer Ralhan | | | Senior Vice President, Chief Financial Officer | |
| | President, Chemical Solutions and Fluoroproducts | ||
| ||||
David Shelton | | | Senior Vice President, General Counsel and Corporate Secretary | |
What Chemours Does | | | What Chemours Doesn’t Do | |
☑ Pay-for-performance | | | ☒ Provide income tax gross-ups, other than for international assignment and / or relocation | |
☑ Deliver total direct compensation predominantly through variable pay | | | ☒ Re-price underwater stock options | |
☑ Set challenging short- and long-term incentive award goals | | | ☒ Allow hedging, pledging, short sales, derivative transactions, margin accounts or short-term trading | |
☑ Target pay and benefits to market competitive levels | | | ☒ Have a liberal share recycling provision in our equity plan | |
☑ Maintain robust stock ownership requirements | | | | |
☑ Maintain a clawback policy for incentive-based compensation | | | | |
☑ Annually review the constituents of Compensation and Performance peer groups and adjust as appropriate | | | | |
☑ Undertake an annual review of compensation risk | | | | |
☑ Offer limited perquisites | | | | |
☑ Regularly review compensation, especially incentive compensation to ensure continued alignment with Chemours’ strategy | | | | |
Element | | | Purpose and Key Features | |
Base Salary | | | ➢ Salary paid in cash ➢ Provides a stable source of income and is a standard element in executive compensation packages ➢ Compensates for expected day to day contribution ➢ Supports equitable pay practices | |
Annual Incentive Plan (“AIP”) | | | ➢ Bonus earned and awarded annually ➢ Creates a variable incentive opportunity as a portion of the executive compensation package ➢ Reinforces and rewards executives for delivering key business goals which are short term in nature ➢ Pays only when minimum performance criteria are met and pays above market when target performance criteria are exceeded ➢ Focuses on quantitative metrics but includes qualitative metrics when appropriate ➢ Includes a mix of corporate and business unit metrics. | |
Long-Term Incentive Program (“LTIP”) | | | ➢ Bonus earned and awarded periodically in various forms of equity: RSU’s, Performance Shares, and or Stock Options ➢ Creates a compensation opportunity aligned with the interests of our long-term shareholders ➢ Provides incentive to achieve sustained performance and growth ➢ Rewards executives for delivering total shareholder return | |
| Compensation and Leadership Development Committee | | | ➢ Establish executive compensation philosophy ➢ Approve incentive compensation programs and determine performance expectations for short-term and long-term incentive programs ➢ Approve all compensation actions for the NEOs, other than the CEO, including base salary, target and actual short-term incentive plan payouts and long-term incentive targets, grants and earned awards ➢ Recommend to the independent directors of the Board compensation actions for the CEO, including base salary, target and actual short-term incentive plan payouts and long-term incentive targets, grants and earned awards | |
| All Independent Board Members | | | ➢ Assess performance of the CEO ➢ Approve all compensation actions for the CEO, including base salary, target and actual short-term incentive plan payouts and long-term incentive targets, grants and earned awards | |
| Chief Executive Officer | | | ➢ Provide compensation recommendations for the NEOs (other than the CEO) to the Compensation and Leadership Development Committee, which considers these recommendations as part of its evaluation. However, review, analysis, and final approval of compensation actions are made solely by the Compensation and Leadership Development Committee ➢ Recommendations are based on the CEO’s personal review of each ➢ In preparing compensation recommendations for the NEOs, the CEO and the SVP, ➢ In consultation with the Chief Financial Officer, recommends incentive measures and performance expectations | |
| Independent Consultant to the Compensation and Leadership Development Committee | | | ➢ ➢ ➢ ➢ Engaged by, and reports directly to the Compensation and Leadership Development Committee | |
| | | | | |
| | | | ||
| | | PPG Industries, Inc. | | |
| | | RPM International Inc. | | |
| Axalta Coating Systems Ltd. | | | The Sherwin-Williams Company | |
| | | Trinseo S.A. | | |
| | | Tronox Limited | | |
| | | Venator Materials PLC | | |
| | | Westlake Chemical Corporation | | |
| | 2017 | | 2018 | | | 2019 | | 2020 | | ||||
Base Salary | | $1,000,000 | | $1,050,000 | | | $1,050,000 | | $1,050,000 | | ||||
Target AIP Opportunity | | $1,300,000 (130% of salary) | | $1,365,000 (130% of salary) | | | $1,365,000 (130% of salary) | | $1,365,000 (130% of salary) | | ||||
Target LTI Opportunity (Grant Value) | | $5,500,000 | | $5,500,000 | | | $5,600,000 | | $5,600,000 | | ||||
Target Total Direct Compensation | | $7,800,000 | | $7,915,000 | | | $8,015,000 | | $8,015,000 | |
NEO | | | Base Salary ($) (as of December 31, 2017) | | | Base Salary ($) (as of December 31, 2018) | | ||||||
Mark Vergnano | | | | $ | 1,000,000 | | | | | $ | 1,050,000 | | |
Mark Newman | | | | $ | 591,220 | | | | | $ | 591,220 | | |
Paul Kirsch | | | | $ | 550,000 | | | | | $ | 550,000 | | |
Bryan Snell | | | | $ | 500,000 | | | | | $ | 550,000 | | |
David Shelton | | | | $ | 475,000 | | | | | $ | 475,000 | | |
NEO | | | Base Salary ($) (as of December 31, 2019) | | | Base Salary ($) (as of December 31, 2020) | | ||||||
Mark Newman | | | | $ | 700,000 | | | | | $ | 700,000 | | |
Sameer Ralhan | | | | $ | 575,000 | | | | | $ | 575,000 | | |
David Shelton | | | | $ | 500,000 | | | | | $ | 500,000 | | |
Edwin Sparks | | | | $ | 475,000 | | | | | $ | 550,000 | | |
NEO | | | 2017 Annual Incentive Target (as % of Base Salary) | | | 2018 Annual Incentive Target (as % of Base Salary) | | ||||||
Mark Vergnano | | | | | 130% | | | | | | 130% | | |
Mark Newman | | | | | 80% | | | | | | 80% | | |
Paul Kirsch | | | | | 75% | | | | | | 75% | | |
Bryan Snell | | | | | 75% | | | | | | 75% | | |
David Shelton | | | | | 70% | | | | | | 70% | | |
NEO | | | 2019 Annual Incentive Target (as % of Base Salary) | | | 2020 Annual Incentive Target (as % of Base Salary) | | ||||||
Mark Newman | | | | | 90% | | | | | | 90% | | |
Sameer Ralhan | | | | | 80% | | | | | | 80% | | |
David Shelton | | | | | 70% | | | | | | 70% | | |
Edwin Sparks | | | | | 75% | | | | | | 75% | | |
| | | Measure | | | Weighting | |
Corporate Performance Factor | | | Corporate Adjusted EBITDA | | | 50% | |
| Corporate Free Cash Flow | | | 50% | |
Metrics | | | Weight | | ||||
Chemical Solutions | | | | | ||||
| | | ||||||
| | | ||||||
Business Unit Adjusted EBITDA | | | | |||||
Business Unit Free Cash Flow | | | | |||||
| | | | | ||||
Fluoroproducts | | | | | ||||
Chemours Adjusted EBITDA | | | 12.5% | | ||||
Chemours Free Cash Flow | | | 12.5% | | ||||
Business Unit Revenue | | | 25.0% | | ||||
Business Unit Free Cash Flow | | | 50.0% | | ||||
| | | | | ||||
Titanium Technologies | | | | | ||||
Chemours Adjusted EBITDA | | | 12.5% | | ||||
Chemours Free Cash Flow | | | 12.5% | | ||||
Business Unit Revenue Share | | | 25.0% | | ||||
Business Unit Free Cash Flow | | | 50.0% | |
Measure | | Threshold(1) | | Target | | Maximum(2) | | Actual | | Weighted Funding Result | | | Threshold(1) | | Target | | Maximum(2) | | Actual | | Weighted Funding Result | | ||||||||||||||||||||||||||||||||||||||||
Corporate Adj. EBITDA | | | $ | 1,662 | | | | $ | 1,785 | | | | $ | 2,080 | | | | $ | 1,740 | | | | | 41% | | | | | $ | 920 | | | | $ | 1,150 | | | | $ | 1,380 | | | | $ | 879 | | | | | 0% | | | ||||||||||
Corporate Free Cash Flow | | | $ | 600 | | | | $ | 691 | | | | $ | 1,000 | | | | $ | 627 | | | | | 32% | | | | | $ | 250 | | | | $ | 390 | | | | $ | 585 | | | | $ | 540 | | | | | 89% | | |
Measure | | Threshold(1) | | Target | | Maximum(2) | | Actual | | Weighted Funding Result | | | Threshold(1) | | Target | | Maximum(2) | | Actual | | Weighted Funding Result | | ||||||||||||||||||||||||||||||||||||||||
Corporate Adj. EBITDA | | | $ | 1,662 | | | | $ | 1,785 | | | | $ | 2,080 | | | | $ | 1,740 | | | | | 10% | | | | | $ | 920 | | | | $ | 1,150 | | | | $ | 1,380 | | | | $ | 879 | | | | | 0% | | | ||||||||||
Corporate Free Cash Flow | | | $ | 600 | | | | $ | 691 | | | | $ | 1,000 | | | | $ | 627 | | | | | 8% | | | | | $ | 250 | | | | $ | 390 | | | | $ | 585 | | | | $ | 540 | | | | | 22% | | | ||||||||||
Business Unit Adj. EBITDA | | | $ | 1,110 | | | | $ | 1,200 | | | | $ | 1,380 | | | | $ | 1,055 | | | | | 0% | | | ||||||||||||||||||||||||||||||||||||
Business Unit Revenue Share(3) | | | | 15.5% | | | | | 16.0% | | | | | 17.0% | | | | | 15.0% | | | | | 0% | | | ||||||||||||||||||||||||||||||||||||
Business Unit Free Cash Flow | | | $ | 950 | | | | $ | 1,045 | | | | $ | 1,245 | | | | $ | 938 | | | | | 0% | | | | | $ | 412 | | | | $ | 515 | | | | $ | 618 | | | | $ | 477 | | | | | 41% | | |
Measure | | Threshold(1) | | Target | | Maximum(2) | | Actual | | Weighted Funding Result | | | Threshold(1) | | Target | | Maximum(2) | | Actual | | Weighted Funding Result | | ||||||||||||||||||||||||||||||||||||||||
Corporate Adj. EBITDA | | | $ | 1,662 | | | | $ | 1,785 | | | | $ | 2,080 | | | | $ | 1,740 | | | | | 10% | | | | | $ | 920 | | | | $ | 1,150 | | | | $ | 1,380 | | | | $ | 879 | | | | | 0% | | | ||||||||||
Corporate Free Cash Flow | | | $ | 600 | | | | $ | 691 | | | | $ | 1,000 | | | | $ | 627 | | | | | 8% | | | | | $ | 250 | | | | $ | 390 | | | | $ | 585 | | | | $ | 540 | | | | | 22% | | | ||||||||||
Business Unit Adj. EBITDA | | | $ | 670 | | | | $ | 698 | | | | $ | 803 | | | | $ | 783 | | | | | 102% | | | ||||||||||||||||||||||||||||||||||||
Business Unit Revenue | | | $ | 2,495 | | | | $ | 2,683 | | | | $ | 2,871 | | | | $ | 2,209 | | | | | 0% | | | ||||||||||||||||||||||||||||||||||||
Business Unit Free Cash Flow | | | $ | 390 | | | | $ | 429 | | | | $ | 560 | | | | $ | 463 | | | | | 24% | | | | | $ | 342 | | | | $ | 428 | | | | $ | 514 | | | | $ | 441 | | | | | 57% | | |
Measure | | | Threshold(1) | | | Target | | | Maximum(2) | | | Actual | | | Weighted Funding Result | | |||||||||||||||
Corporate Adj. EBITDA | | | | $ | 920 | | | | | $ | 1,150 | | | | | $ | 1,380 | | | | | $ | 879 | | | | | | 0% | | |
Corporate Free Cash Flow | | | | $ | 250 | | | | | $ | 390 | | | | | $ | 585 | | | | | $ | 540 | | | | | | 22% | | |
Business Unit Adj. EBITDA | | | | $ | 72 | | | | | $ | 90 | | | | | $ | 108 | | | | | $ | 73 | | | | | | 29% | | |
Business Unit Free Cash Flow | | | | $ | 46 | | | | | $ | 57 | | | | | $ | 68 | | | | | $ | 62 | | | | | | 36% | | |
NEO | | Annual Incentive Target (as % of Base Salary) | | Annual Incentive Target ($) | | Annual Incentive Actual ($) | | | Annual Incentive Target (as % of Base Salary) | | Annual Incentive Target ($) | | Annual Incentive Actual ($) | | ||||||||||||||||||||||||
Mark Vergnano | | | | 130% | | | | $ | 1,365,000 | | | | $ | 1,000,545 | | | | | | 130% | | | | $ | 1,365,000 | | | | $ | 1,207,479 | | | ||||||
Mark Newman | | | | 80% | | | | $ | 472,976 | | | | $ | 346,691 | | | | | | 90% | | | | $ | 630,000 | | | | $ | 557,298 | | | ||||||
Paul Kirsch | | | | 75% | | | | $ | 412,500 | | | | $ | 592,350 | | | ||||||||||||||||||||||
Bryan Snell | | | | 75% | | | | $ | 412,500 | | | | $ | 75,488 | | | ||||||||||||||||||||||
Sameer Ralhan | | | | 80% | | | | $ | 460,000 | | | | $ | 406,916 | | | ||||||||||||||||||||||
David Shelton | | | | 70% | | | | $ | 332,500 | | | | $ | 243,723 | | | | | | 70% | | | | $ | 350,000 | | | | $ | 309,610 | | | ||||||
Edwin Sparks | | | | 75% | | | | $ | 412,500 | | | | $ | 327,938 | | |
NEO | | 2017 Long Term Incentive Target | | 2018 Long Term Incentive Target | | | 2019 Long Term Incentive Target | | 2020 Long Term Incentive Target | | ||||||||||||||||
Mark Vergnano | | | $ | 5,500,000 | | | | $ | 5,500,000 | | | |||||||||||||||
Mark Newman | | | $ | 1,200,000 | | | | $ | 1,200,000 | | | | | $ | 1,500,000 | | | | $ | 1,500,000 | | | ||||
Paul Kirsch | | | $ | 900,000 | | | | $ | 900,000 | | | |||||||||||||||
Bryan Snell | | | $ | 900,000 | | | | $ | 900,000 | | | |||||||||||||||
Sameer Ralhan | | | $ | 1,000,000 | | | | $ | 1,000,000 | | | |||||||||||||||
David Shelton | | | $ | 750,000 | | | | $ | 850,000 | | | | | $ | 950,000 | | | | $ | 950,000 | | | ||||
Edwin Sparks | | | $ | 800,000 | | | | $ | 800,000 | | | |||||||||||||||
| |
Adjusted EPS | | | Pre-Tax ROIC | | ||||||||||||
Period | | | Weighting | | | Period | | | Weighting | | ||||||
FY2018 | | | | | 10% | | | | FY2018 | | | | | 10% | | |
FY2019 | | | | | 10% | | | | FY2019 | | | | | 10% | | |
FY2020 | | | | | 10% | | | | FY2020 | | | | | 10% | | |
Cumulative FY2018 – FY2020 | | | | | 20% | | | | Average FY2018 – FY2020 | | | | | 20% | | |
Total for Adjusted EPS | | | | | 50% | | | | Total for Pre-tax ROIC | | | | | 50% | | |
Adjusted Net Income | | | Free Cash Flow Conversion | | ||||||||||||
Period | | | Weighting | | | Period | | | Weighting | | ||||||
Cumulative FY2020 – FY2022 | | | | | 50% | | | | Average FY2020 – FY2022 | | | | | 50% | | |
Relative TSR | | <25th percentile | | 25th to 75th percentile | | >75th percentile | | | <25 percentile | | >=P25 to <P40 | | >=P40 to <P60 | | >=P60 to <=P75 | | >P75 | | ||||||||||||||||||||||||||
Applied Modifier | | | | 0.75 | | | 1.00 (No Adjustment) | | | | 1.25 | | | | | | 0.50 | | | | | 0.75 | | | 1.00 (No Adjustment) | | | | 1.25 | | | | | 1.50 | | |
NEO | | 2018 Target LTI Award Value | | Share Equivalent Value of PSUs on grant date | | Target Number of PSU Awards(1) | | Grant Date Fair Value of Stock Options | | Number of Stock Options Granted(2) | | | 2020 Target LTI Award Value | | Share Equivalent Value of PSUs on grant date | | Target Number of PSU Awards(1) | | Grant Date Fair Value of RSUs | | Number of RSUs granted | | Grant Date Fair Value of Stock Options | | Number of Stock Options Granted(2) | | ||||||||||||||||||||||||||||||||||||||||||||||||
Mark Vergnano | | | $ | 5,500,020 | | | | $ | 3,300,040 | | | | | 68,000 | | | | $ | 2,199,980 | | | | | 107,055 | | | | | $ | 5,600,000 | | | | $ | 3,359,997 | | | | | 232,848 | | | | | | | | | | | | | | $ | 2,239,998 | | | | | 598,930 | | | ||||||||||||
Mark Newman | | | $ | 1,200,026 | | | | $ | 720,040 | | | | | 14,837 | | | | $ | 479,986 | | | | | 23,357 | | | | | $ | 1,500,000 | | | | $ | 899,999 | | | | | 62,370 | | | | | | | | | | | | | | $ | 599,997 | | | | | 160,427 | | | ||||||||||||
Paul Kirsch | | | $ | 900,037 | | | | $ | 540,042 | | | | | 11,128 | | | | $ | 359,995 | | | | | 17,518 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
Bryan Snell | | | $ | 900,037 | | | | $ | 540,042 | | | | | 11,128 | | | | $ | 359,995 | | | | | 17,518 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
Sameer Ralhan | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||
March 2 | | | $ | 1,000,000 | | | | $ | 599,999 | | | | | 41,580 | | | | | | | | | | | | | | $ | 399,997 | | | | | 106,951 | | | ||||||||||||||||||||||||||||||||||||||
December 1(3) | | | $ | 1,000,000 | | | | | | | | | | | | | | $ | 999,998 | | | | | 39,510 | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||
David Shelton | | | $ | 850,002 | | | | $ | 510,002 | | | | | 10,509 | | | | $ | 340,000 | | | | | 16,545 | | | | | $ | 950,000 | | | | $ | 569,999 | | | | | 39,501 | | | | | | | | | | | | | | $ | 379,999 | | | | | 101,604 | | | ||||||||||||
Edwin Sparks | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||
March 2(3) | | | $ | 1,300,000 | | | | $ | 480,000 | | | | | 33,264 | | | | $ | 500,000 | | | | | 34,650 | | | | $ | 319,998 | | | | | 85,561 | | | ||||||||||||||||||||||||||||||||||||||
December 1(3) | | | $ | 1,000,000 | | | | | | | | | | | | | | $ | 999,998 | | | | | 39,510 | | | | | | | | | | | | |
Measurement Period | | | Weighting | | | Threshold | | | Target | | | Maximum | | | Result | | | Payout % (weighted) | | ||||||||||||||||||
FY2016 | | | | | 12.5% | | | | | $ | 574 | | | | | $ | 675 | | | | | $ | 776 | | | | | $ | 822 | | | | | | 25.0% | | |
FY2017 | | | | | 12.5% | | | | | $ | 876 | | | | | $ | 1,030 | | | | | $ | 1,185 | | | | | $ | 1,422 | | | | | | 25.0% | | |
FY2018 | | | | | 12.5% | | | | | $ | 1,020 | | | | | $ | 1,200 | | | | | $ | 1,380 | | | | | $ | 1,740 | | | | | | 25.0% | | |
FY2016 – FY2018 Cumulative | | | | | 12.5% | | | | | $ | 2,469 | | | | | $ | 2,905 | | | | | $ | 3,341 | | | | | $ | 3,984 | | | | | | 25.0% | | |
Measurement Period | | | Weighting | | | Threshold | | | Target | | | Maximum | | | Result | | | Payout % (weighted) | | ||||||||||||||||||
FY2016 | | | | | 12.5% | | | | | | 8.6% | | | | | | 10.1% | | | | | | 11.6% | | | | | | 15.7% | | | | | | 25.0% | | |
FY2017 | | | | | 12.5% | | | | | | 18.4% | | | | | | 21.6% | | | | | | 24.8% | | | | | | 36.4% | | | | | | 25.0% | | |
FY2018 | | | | | 12.5% | | | | | | 21.8% | | | | | | 25.7% | | | | | | 29.6% | | | | | | 38.8% | | | | | | 25.0% | | |
FY2016 – FY2018 Average | | | | | 12.5% | | | | | | 16.3% | | | | | | 19.1% | | | | | | 22.0% | | | | | | 30.3% | | | | | | 25.0% | | |
Measurement Period | | | Weighting | | | Threshold | | | Target | | | Maximum | | | Result | | | Payout % (weighted) | | ||||||||||||||||||
FY2018 | | | | | 10.0% | | | | | $ | 4.85 | | | | | $ | 5.24 | | | | | $ | 6.03 | | | | | $ | 5.45 | | | | | | 12.7% | | |
FY2019 | | | | | 10.0% | | | | | $ | 5.41 | | | | | $ | 5.85 | | | | | $ | 6.73 | | | | | $ | 2.51 | | | | | | 0.0% | | |
FY2020 | | | | | 10.0% | | | | | $ | 6.31 | | | | | $ | 6.82 | | | | | $ | 7.84 | | | | | $ | 1.98 | | | | | | 0.0% | | |
FY2018 – FY2020 Cumulative | | | | | 20.0% | | | | | $ | 16.57 | | | | | $ | 17.91 | | | | | $ | 20.60 | | | | | $ | 9.94 | | | | | | 0.0% | | |
Measurement Period | | | Weighting | | | Threshold | | | Target | | | Maximum | | | Result | | | Payout % (weighted) | | ||||||||||||||||||
FY2018 | | | | | 10.0% | | | | | | 32.0% | | | | | | 39.4% | | | | | | 43.3% | | | | | | 39.2% | | | | | | 9.84% | | |
FY2019 | | | | | 10.0% | | | | | | 32.0% | | | | | | 41.4% | | | | | | 45.5% | | | | | | 17.3% | | | | | | 0.0% | | |
FY2020 | | | | | 10.0% | | | | | | 32.0% | | | | | | 46.1% | | | | | | 50.7% | | | | | | 14.4% | | | | | | 0.0% | | |
FY2018 – FY2020 Average | | | | | 20.0% | | | | | | 32.0% | | | | | | 42.3% | | | | | | 46.5% | | | | | | 23.6% | | | | | | 0.0% | | |
|
Modifier | | Min | | Target | | Max | | Result | | Modifier | | | Min | | Target | | Max | | Result | | Modifier | | ||||||||||||||||||||||||||||||||||
Relative TSR to Peer Group | | | | | <P25 | | | | | P25 – P75 | | | | | >P75 | | | | 100th Percentile | | | | 1.25 | | | | | | | <P25 | | | | | P25 – P75 | | | | | >P75 | | | | 4th Percentile | | | | 0.75 | | | ||||||
| | | 0.75 | | | | | 1.00 | | | | | 1.25 | | | | | | 0.75 | | | | | 1.00 | | | | | 1.25 | | |
| | | | | | | | |
| Air Products & Chemicals Inc. | | | Eastman Chemical | | | The Sherwin-Williams Company | |
| Albemarle Corporation | | | | | | ||
| Ashland Global Holdings Inc. | | | | | Tronox Holdings Plc | | |
| Avient Corporation | | | Olin Corporation | | | Venator Materials Plc | |
| Axalta Coating Systems Ltd | | | PPG Industries Inc. | | | ||
| ||||||||
| Celanese Corporation | | | | | |||
|
NEO | | Target # of PSUs Granted | | Payout % | | # of PSUs Earned | | | Target # of PSUs Granted | | Payout % | | # of PSU’s Earned | | ||||||||||||||||||
Mark Vergnano | | | | 310,672 | | | 200% | | | | 621,344 | | | | | | 68,000 | | | 17% | | | | 11,560 | | | ||||||
Mark Newman | | | | 94,862 | | | 200% | | | | 189,724 | | | | | | 14,837 | | | 17% | | | | 2,522 | | | ||||||
Paul Kirsch | | | | 40,910 | | | 200% | | | | 81,820 | | | |||||||||||||||||||
Bryan Snell | | | | 63,242 | | | 200% | | | | 126,484 | | | |||||||||||||||||||
Sameer Ralhan | | | | 3,091 | | | 17% | | | | 525 | | | |||||||||||||||||||
David Shelton | | | | 47,431 | | | 200% | | | | 94,862 | | | | | | 10,509 | | | 17% | | | | 1,787 | | | ||||||
Edwin Sparks | | | | 3,400 | | | 17% | | | | 578 | | |
Multiple of Base Salary | | | | ||||
CEO | | | | | 5.0x | | |
Other NEOs | | | | | 3.0x | | |
Element | | Median Employee | | CEO | | | Median Employee | | CEO | | ||||||||||||||||
Salary (includes Overtime)(1) | | | $ | 93,295 | | | | $ | 1,041,667 | | | | | $ | 95,730 | | | | $ | 1,029,808 | | | ||||
Stock Awards | | | $ | 0 | | | | $ | 3,559,120 | | | | | $ | 0 | | | | $ | 3,991,015 | | | ||||
Option Awards | | | $ | 0 | | | | $ | 2,199,980 | | | | | $ | 0 | | | | $ | 2,239,998 | | | ||||
Non-Equity Incentive Plan Compensation/Bonus(2) | | | $ | 2,706 | | | | $ | 1,000,545 | | | | | $ | 3,061 | | | | $ | 1,207,479 | | | ||||
Change in Pension Value | | | $ | 0 | | | | $ | 0 | | | | | $ | 0 | | | | $ | 0 | | | ||||
All Other Compensation(3) | | | $ | 10,806 | | | | $ | 275,417 | | | | | $ | 5,525 | | | | $ | 138,276 | | | ||||
Summary Compensation Table Totals | | | $ | 106,807 | | | | $ | 8,076,729 | | | | | $ | 104,316 | | | | $ | 8,606,576 | | | ||||
CEO Pay Ratio | | 76:1 | | | 83:1 | |
Name and Principal Position | | Year | | Salary ($) | | Bonus ($) | | Stock Awards ($)(1)(2) | | Option Awards ($)(3) | | Non-Equity Incentive Plan Compensation ($)(4) | | Change in Pension Value and Nonqualified and Deferred Compensation Earnings ($) | | All Other Compensation ($)(5) | | Total ($) | | | Year | | Salary ($) | | Bonus ($) | | Stock Awards ($)(1)(2) | | Option Awards ($)(3) | | Non-Equity Incentive Plan Compensation ($)(4) | | All Other Compensation ($)(5) | | Total ($) | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mark Vergnano, President and Chief Executive Officer | | | | | 2018 | | | | | 1,041,667 | | | | | | | | | | 3,559,120 | | | | | 2,199,980 | | | | | 1,000,545 | | | | | | | | | | 275,417 | | | | | 8,076,729 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2017 | | | | | 983,333 | | | | | | | | | | 3,787,623 | | | | | 2,199,989 | | | | | 2,600,000 | | | | | 141,163 | | | | | 232,063 | | | | | 9,944,171 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2016 | | | | | 900,000 | | | | | | | | | | 1,895,099 | | | | | 1,713,424 | | | | | 1,989,000 | | | | | 69,279 | | | | | 108,790 | | | | | 6,675,592 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mark Newman, Senior Vice President and Chief Financial Officer | | | | | 2018 | | | | | 591,220 | | | | | | | | | | 776,569 | | | | | 479,986 | | | | | 346,691 | | | | | | | | | | 100,591 | | | | | 2,295,057 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2017 | | | | | 588,350 | | | | | | | | | | 826,409 | | | | | 479,996 | | | | | 945,952 | | | | | | | | | | 102,879 | | | | | 2,943,586 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2016 | | | | | 574,000 | | | | | | | | | | 578,658 | | | | | 523,180 | | | | | 780,640 | | | | | | | | | | 24,729 | | | | | 2,481,207 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Paul Kirsch, President, Fluoroproducts | | | | | 2018 | | | | | 550,000 | | | | | | | | | | 582,440 | | | | | 359,995 | | | | | 592,350 | | | | | | | | | | 26,000 | | | | | 2,110,785 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2017 | | | | | 550,000 | | | | | | | | | | 619,787 | | | | | 359,989 | | | | | 825,000 | | | | | | | | | | 345,674 | | | | | 2,700,450 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2016 | | | | | 320,833 | | | | | 650,000 | | | | | 969,558 | | | | | 240,000 | | | | | 701,250 | | | | | | | | | | 53,668 | | | | | 2,935,309 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bryan Snell, President, Titanium Technologies | | | | | 2018 | | | | | 541,667 | | | | | | | | | | 582,440 | | | | | 359,995 | | | | | 75,488 | | | | | | | | | | 115,694 | | | | | 1,675,282 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2017 | | | | | 483,333 | | | | | | | | | | 619,787 | | | | | 359,989 | | | | | 750,000 | | | | | 25,898 | | | | | 80,333 | | | | | 2,319,340 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2016 | | | | | 400,000 | | | | | | | | | | 385,776 | | | | �� | 348,787 | | | | | 510,000 | | | | | 12,696 | | | | | 243,386 | | | | | 1,900,645 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
David Shelton, Senior Vice President and General Counsel | | | | | 2018 | | | | | 475,000 | | | | | | | | | | 550,041 | | | | | 340,000 | | | | | 243,723 | | | | | | | | | | 145,900 | | | | | 1,754,664 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2017 | | | | | 462,500 | | | | | | | | | | 516,496 | | | | | 299,986 | | | | | 665,000 | | | | | 1,247 | | | | | 111,395 | | | | | 2,056,624 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2016 | | | | | N/A | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mark Vergnano President and Chief Executive Officer | | | | | 2020 | | | | | 1,029,808 | | | | | | | 3,991,015 | | | | | 2,239,998 | | | | | 1,207,479 | | | | | 138,276 | | | | | 8,606,576 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2019 | | | | | 1,029,808 | | | | | | | 4,273,767 | | | | | 2,239,992 | | | | | | | | | | 152,077 | | | | | 7,695,644 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2018 | | | | | 1,041,667 | | | | | | | 3,559,120 | | | | | 2,199,980 | | | | | 1,000,545 | | | | | 275,417 | | | | | 8,076,729 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mark Newman, Senior Vice President and Chief Operating Officer | | | | | 2020 | | | | | 678,462 | | | | | | | 1,069,022 | | | | | 599,997 | | | | | 557,298 | | | | | 90,691 | | | | | 2,995,470 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2019 | | | | | 649,290 | | | | | | | 1,296,199 | | | | | 719,982 | | | | | | | | | | 85,347 | | | | | 2,750,819 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2018 | | | | | 591,220 | | | | | | | 776,569 | | | | | 479,986 | | | | | 346,691 | | | | | 100,591 | | | | | 2,295,057 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sameer Ralhan Senior Vice President and Chief Financial Officer | | | | | 2020 | | | | | 575,000 | | | | | | | 1,712,679 | | | | | 399,997 | | | | | 406,916 | | | | | 48,740 | | | | | 3,143,332 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2019 | | | | | 474,588 | | | | | | | 792,940 | | | | | 439,987 | | | | | | | | | | 30,847 | | | | | 1,738,361 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2018 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
David Shelton Senior Vice President General Counsel | | | | | 2020 | | | | | 498,077 | | | | | | | 677,047 | | | | | 379,999 | | | | | 309,610 | | | | | 60,461 | | | | | 1,925,194 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2019 | | | | | 493,910 | | | | | | | 725,013 | | | | | 379,988 | | | | | | | | | | 83,737 | | | | | 1,682,648 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2018 | | | | | 475,000 | | | | | | | 550,041 | | | | | 340,000 | | | | | 243,723 | | | | | 145,900 | | | | | 1,510,941 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Edwin Sparks President, Fluoroproducts and Chemical Solutions | | | | | 2020 | | | | | 537,500 | | | | | | | 2,070,143 | | | | | 319,998 | | | | | 327,938 | | | | | 56,980 | | | | | 3,312,559 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2019 | | | | | 396,300 | | | | | | | 564,003 | | | | | 319,992 | | | | | 241,511 | | | | | 57,173 | | | | | 1,578,979 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2018 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Name | | Company Contributions to Qualified Defined Contribution Plan ($) | | Company Contribution to Nonqualified Defined Contribution Plan ($) | | Financial Planning/ Income Tax Preparation ($) | | | Company Contributions to Qualified Defined Contribution Plan ($) | | Company Contribution to Nonqualified Defined Contribution Plan ($) | | Financial Planning/ Income Tax Preparation ($) | | Separation Agreements ($) | | |||||||||||||||||||||||||
Mark Vergnano | | | | 24,750 | | | | | 235,667 | | | | | 15,000 | | | | | | 17,100 | | | | | 108,737 | | | | | 15,000 | | | | | |||||||
Mark Newman | | | | 11,412 | | | | | 75,730 | | | | | 13,448 | | | | | | 17,100 | | | | | 61,853 | | | | | 15,000 | | | | | |||||||
Paul Kirsch | | | | 11,000 | | | | | 0 | | | | | 15,000 | | | |||||||||||||||||||||||||
Bryan Snell | | | | 29,527 | | | | | 71,167 | | | | | 15,000 | | | |||||||||||||||||||||||||
Sameer Ralhan | | | | 17,100 | | | | | 40,665 | | | | | 7,500 | | | | | |||||||||||||||||||||||
David Shelton | | | | 35,750 | | | | | 95,150 | | | | | 15,000 | | | | | | 17,100 | | | | | 15,961 | | | �� | | 15,000 | | | | | |||||||
Edwin Sparks | | | | 17,100 | | | | | 31,976 | | | | | 8,353 | | | | |
| | | | | | | | | | | | | | | Estimated Possible Payouts Under Nonequity Incentive Plan Awards (1) | | Estimated Future Payouts Under Equity Incentive Plan Awards (2) | | | All other Option Awards; Number of Securities Underlying Options (#) | | Exercise or Base Price of Option Awards ($)(3) | | Grant Date Fair Value of Stock and Option Awards ($) | | | | | | | | | | Estimated Possible Payouts Under Nonequity Incentive Plan Awards(1) | | Estimated Future Payouts Under Equity Incentive Plan Awards(2) | | | All Other Stock Awards; Number of Shares of Stock or Units (#) | | All other Option Awards; Number of Securities Underlying Options(3) (#) | | Exercise of Base Price of Option Awards ($) | | Grant Date Fair Value of Stock and Option Awards ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Name | | Grant Date | | Approval Date | | Description | | Threshold ($) | | Target ($) | | Maximum ($) | | Threshold (#) | | Target (#) | | Maximum (#) | | | Type of award | | Grant date | | Approval date | | Threshold ($) | | Target ($) | | Maximum ($) | | Threshold (#) | | Target (#) | | Maximum (#) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mark Vergnano | | | | | | | | | | | | | 2018 AIP | | | | 682,500 | | | | | 1,365,000 | | | | | 2,730,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2020 AIP | | | | | | 682,500 | | 1,365,000 | | 2,730,000 | | | | | | | | | | | | | | | | ||||||||||||||||||||||||
| | | 3/1/18 | | | | | 2/12/18 | | | Stock Options | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 107,055 | | | | | 48.53 | | | | | 2,199,980 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 3/1/18 | | | | | 2/12/18 | | | PSU | | | | | | | | | | | | | | | | | | | 34,000 | | | | | 68,000 | | | | | 136,000 | | | | | | | | | | | | | | | 3,559,120(4) | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Stock Options | | 3/2/20 | | 2/10/20 | | | | | | | | | | | | | | | | 598,930 | | 14.43 | | 2,239,998 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | PSU | | 3/2/20 | | 2/10/20 | | | | | | | | 116,424 | | 232,848 | | 582,120 | | | | | | | | 3,991,015 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mark Newman | | | | | | | | | | | | | 2018 AIP | | | | 236,488 | | | | | 472,976 | | | | | 945,952 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2020 AIP | | | | | | 315,000 | | 630,000 | | 1,260,000 | | | | | | | | | | | | | | | | ||||||||||||||||||||||||
| | | 3/1/18 | | | | | 2/12/18 | | | Stock Options | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 23,357 | | | | | 48.53 | | | | | 479,986 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 3/1/18 | | | | | 2/12/18 | | | PSU | | | | | | | | | | | | | | | | | | | 7,419 | | | | | 14,837 | | | | | 29,674 | | | | | | | | | | | | | | | 776,569(4) | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Paul Kirsch | | | | | | | | | | | | | 2018 AIP | | | | 206,250 | | | | | 412,500 | | | | | 825,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 3/1/18 | | | | | 2/12/18 | | | Stock Options | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 17,518 | | | | | 48.53 | | | | | 359,995 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 3/1/18 | | | | | 2/12/18 | | | PSU | | | | | | | | | | | | | | | | | | | 5,564 | | | | | 11,128 | | | | | 22,256 | | | | | | | | | | | | | | | 582,440(4) | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Bryan Snell | | | | | | | | | | | | | 2018 AIP | | | | 206,250 | | | | | 412,500 | | | | | 825,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 3/1/18 | | | | | 2/12/18 | | | Stock Options | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 17,518 | | | | | 48.53 | | | | | 359,995 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 3/1/18 | | | | | 2/12/18 | | | PSU | | | | | | | | | | | | | | | | | | | 5,564 | | | | | 11,128 | | | | | 22,256 | | | | | | | | | | | | | | | 582,440(4) | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Stock Options | | 3/2/20 | | 2/10/20 | | | | | | | | | | | | | | | | 160,427 | | 14.43 | | 599,997 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | PSU | | 3/2/20 | | 2/10/20 | | | | | | | | 31,185 | | 62,370 | | 155,925 | | | | | | | | 1,069,022 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sameer Ralhan | | 2020 AIP | | | | | | 230,000 | | 460,000 | | 920,000 | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Stock Options | | 3/2/20 | | 2/10/20 | | | | | | | | | | | | | | | | 106,951 | | 14.43 | | 399,997 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | PSU | | 3/2/20 | | 2/10/20 | | | | | | | | 20,790 | | 41,580 | | 103,950 | | | | | | | | 712,681 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | RSU | | 12/1/20 | | 10/27/20 | | | | | | | | | | | | | | 39,510 | | | | | | 999,998 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
David Shelton | | | | | | | | | | | | | 2018 AIP | | | | 166,250 | | | | | 332,500 | | | | | 665,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2020 AIP | | | | | | 175,000 | | 350,000 | | 700,000 | | | | | | | | | | | | | | | | ||||||||||||||||||||||||
| | | 3/1/18 | | | | | 2/12/18 | | | Stock Options | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 16,545 | | | | | 48.53 | | | | | 340,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 3/1/18 | | | | | 2/12/18 | | | PSU | | | | | | | | | | | | | | | | | | | 5,255 | | | | | 10,509 | | | | | 21,018 | | | | | | | | | | | | | | | 550,041(4) | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Stock Options | | 3/2/20 | | 2/10/20 | | | | | | | | | | | | | | | | 101,604 | | 14.43 | | 379,999 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | PSU | | 3/2/20 | | 2/10/20 | | | | | | | | 19,751 | | 39,501 | | 98,753 | | | | | | | | 677,047 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Edwin Sparks | | 2020 AIP | | | | | | 206,250 | | 412,500 | | 825,000 | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Stock Options | | 3/2/20 | | 2/10/20 | | | | | | | | | | | | | | | | 85,561 | | 14.43 | | 319,998 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | PSU | | 3/2/20 | | 2/10/20 | | | | | | | | 16,632 | | 33,264 | | 83,160 | | | | | | | | 570,145 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | RSU | | 3/2/20 | | 2/10/20 | | | | | | | | | | | | | | 34,650 | | | | | | 500,000 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | RSU | | 12/1/20 | | 10/27/20 | | | | | | | | | | | | | | 39,510 | | | | | | 999,998 | |
| | Option Awards | | Stock Awards | | | | | | | | | Option Awards | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | Number of Securities Underlying Unexercised Options(1) | | | | | | | | | | | | | | Shares or Units of Stock that Have Not Vested(2) | | Equity Incentive Plan Awards: Unearned Shares, Units or Other Rights that Have Not Vested(3) | | | | | | | | | Number of Securities Underlying Unexercised Options(1) | | Shares or Units of Stock that Have Not Vested(2) | | Equity Incentive Plan Awards: Unearned Shares, Units or Other Rights that Have Not Vested(3) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Name | | Grant Date | | Exercisable (#) | | Unexercisable (#) | | Option Exercise Price ($) | | Option Expiration Date | | Number (#) | | Market Value ($) | | Number (#) | | Market or Payout Value ($) | | | Grant Date | | Exercisable (#) | | Unexercisable (#) | | Option Exercise Price ($) | | Option Expiration Date | | Number (#) | | Market Value ($) | | Number (#) | | Market or Payout Value ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mark Vergnano | | | | | 3/1/2018 | | | | | | | | | | 107,055 | | | | | 48.53 | | | | | 3/1/2028 | | | | | | | | | | | | | | | 136,000 | | | | | 3,837,920 | | | | | | 3/2/2020 | | | | | | | | | | 598,930 | | | | | 14.43 | | | | | 3/2/2030 | | | | | | | | | | | | | | | 582,120 | | | | | 14,430,755 | | | |||||||||||||||||
| | | 3/1/2017 | | | | | 48,373 | | | | | 96,745 | | | | | 34.72 | | | | | 3/1/2027 | | | | | | | | | | | | | | | 190,094 | | | | | 5,364,453 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 3/1/2016 | | | | | 362,629 | | | | | 181,315 | | | | | 5.40 | | | | | 3/1/2026 | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 7/6/2015 | | | | | 331,231 | | | | | | | | | | 16.04 | | | | | 7/5/2025 | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2/4/2015 | | | | | 198,121 | | | | | | | | | | 18.45 | | | | | 2/3/2022 | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2/5/2014 | | | | | 153,392 | | | | | | | | | | 15.49 | | | | | 2/4/2021 | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2/6/2013 | | | | | 220,759 | | | | | | | | | | 11.87 | | | | | 2/5/2020 | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2019 | | | | | 52,033 | | | | | 104,064 | | | | | 38.02 | | | | | 3/1/2029 | | | | | | | | | | | | | | | 44,187 | | | | | 1,095,396 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2018 | | | | | 71,370 | | | | | 35,685 | | | | | 48.53 | | | | | 3/1/2028 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2017 | | | | | 145,118 | | | | | | | | | | 34.72 | | | | | 3/1/2027 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2016 | | | | | 543,944 | | | | | | | | | | 5.40 | | | | | 3/1/2026 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 7/6/2015 | | | | | 331,231 | | | | | | | | | | 16.04 | | | | | 7/5/2025 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/4/2015 | | | | | 198,121 | | | | | | | | | | 18.45 | | | | | 2/3/2022 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mark Newman | | | | | 3/1/2018 | | | | | | | | | | 23,357 | | | | | 48.53 | | | | | 3/1/2028 | | | | | | | | | | | | | | | 29,674 | | | | | 837,400 | | | | | | 3/2/2020 | | | | | | | | | | 160,427 | | | | | 14.43 | | | | | 3/2/2030 | | | | | | | | | | | | | | | 155,925 | | | | | 3,865,381 | | | |||||||||||||||||
| | | 3/1/2017 | | | | | 10,554 | | | | | 21,108 | | | | | 34.72 | | | | | 3/1/2027 | | | | | | | | | | | | | | | 41,476 | | | | | 1,170,453 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 3/1/2016 | | | | | 110,726 | | | | | 55,363 | | | | | 5.40 | | | | | 3/1/2026 | | | | | 195,932 | | | | | 5,529,201 | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 7/6/2015 | | | | | 197,161 | | | | | | | | | | 16.04 | | | | | 7/5/2025 | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2/4/2015 | | | | | 67,675 | | | | | | | | | | 18.45 | | | | | 2/3/2022 | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Paul Kirsch | | | | | 3/1/2018 | | | | | | | | | | 17,518 | | | | | 48.53 | | | | | 3/1/2028 | | | | | | | | | | | | | | | 22,256 | | | | | 628,064 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 3/1/2017 | | | | | 7,916 | | | | | 15,830 | | | | | 34.72 | | | | | 3/1/2027 | | | | | | | | | | | | | | | 31,106 | | | | | 877,811 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 6/22/2016 | | | | | | | | | | | | | | | | | | | | | | | | | 17,055 | | | | | 481,292 | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 6/1/2016 | | | | | 13,769 | | | | | 13,769 | | | | | 8.80 | | | | | 6/1/2026 | | | | | 84,497 | | | | | 2,384,505 | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bryan Snell | | | | | 3/1/2018 | | | | | | | | | | 17,518 | | | | | 48.53 | | | | | 3/1/2028 | | | | | | | | | | | | | | | 22,256 | | | | | 628,064 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 3/1/2017 | | | | | 7,916 | | | | | 15,830 | | | | | 34.72 | | | | | 3/1/2027 | | | | | | | | | | | | | | | 31,106 | | | | | 877,811 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 3/1/2016 | | | | | 73,817 | | | | | 36,909 | | | | | 5.40 | | | | | 3/1/2026 | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2/4/2015 | | | | | 37,902 | | | | | | | | | | 18.45 | | | | | 2/3/2022 | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2/5/2014 | | | | | 28,341 | | | | | | | | | | 15.49 | | | | | 2/4/2021 | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 6/3/2019 | | | | | | | | | | 29,717 | | | | | 21.96 | | | | | 6/3/2029 | | | | | | | | | | | | | | | 6,831 | | | | | 169,340 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2019 | | | | | 12,079 | | | | | 24,157 | | | | | 38.02 | | | | | 3/1/2029 | | | | | | | | | | | | | | | 10,258 | | | | | 254,296 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2018 | | | | | 15,571 | | | | | 7,786 | | | | | 48.53 | | | | | 3/1/2028 | | | | | 2,522 | | | | | 62,520 | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2017 | | | | | 31,662 | | | | | | | | | | 34.72 | | | | | 3/1/2027 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2016 | | | | | 166,089 | | | | | | | | | | 5.40 | | | | | 3/1/2026 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 7/6/2015 | | | | | 197,161 | | | | | | | | | | 16.04 | | | | | 7/5/2025 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/4/2015 | | | | | 67,675 | | | | | | | | | | 18.45 | | | | | 2/3/2022 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sameer Ralhan | | | | 12/1/2020 | | | | | | | | | | | | | | | | | | | | | | | | | 39,510 | | | | | 979,453 | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/2/2020 | | | | | | | | | | 106,951 | | | | | 14.43 | | | | | 3/2/2030 | | | | | | | | | | | | | | | 103,950 | | | | | 2,576,921 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 6/3/2019 | | | | | | | | | | 17,830 | | | | | 21.96 | | | | | 6/3/2029 | | | | | | | | | | | | | | | 4,098 | | | | | 101,589 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2019 | | | | | 7,433 | | | | | 14,866 | | | | | 38.02 | | | | | 3/1/2029 | | | | | | | | | | | | | | | 6,312 | | | | | 156,474 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2018 | | | | | 3,244 | | | | | 1,622 | | | | | 48.53 | | | | | 3/1/2028 | | | | | 525 | | | | | 13,015 | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2017 | | | | | 6,596 | | | | | | | | | | 34.72 | | | | | 3/1/2027 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 4/26/2016 | | | | | 80,000 | | | | | | | | | | 9.43 | | | | | 4/26/2026 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2016 | | | | | 55,363 | | | | | | | | | | 5.40 | | | | | 3/1/2026 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/4/2015 | | | | | 34,457 | | | | | | | | | | 18.45 | | | | | 2/3/2022 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
David Shelton | | | | | 3/1/2018 | | | | | | | | | | 16,545 | | | | | 48.53 | | | | | 3/1/2028 | | | | | | | | | | | | | | | 21,018 | | | | | 593,128 | | | | | | 3/2/2020 | | | | | | | | | | 101,604 | | | | | 14.43 | | | | | 3/2/2030 | | | | | | | | | | | | | | | 98,753 | | | | | 2,448,087 | | | |||||||||||||||||
| | | 3/1/2017 | | | | | 6,596 | | | | | 13,192 | | | | | 34.72 | | | | | 3/1/2027 | | | | | | | | | | | | | | | 25,922 | | | | | 731,519 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 3/1/2016 | | | | | 55,363 | | | | | 27,681 | | | | | 5.40 | | | | | 3/1/2026 | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2/4/2015 | | | | | 19,640 | | | | | | | | | | 18.45 | | | | | 2/3/2022 | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2019 | | | | | 8,827 | | | | | 17,653 | | | | | 38.02 | | | | | 3/1/2029 | | | | | | | | | | | | | | | 7,496 | | | | | 185,826 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2018 | | | | | 11,030 | | | | | 5,515 | | | | | 48.53 | | | | | 3/1/2028 | | | | | 1,787 | | | | | 44,300 | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2017 | | | | | 19,788 | | | | | | | | | | 34.72 | | | | | 3/1/2027 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2016 | | | | | 83,044 | | | | | | | | | | 5.40 | | | | | 3/1/2026 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/4/2015 | | | | | 19,640 | | | | | | | | | | 18.45 | | | | | 2/3/2022 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Edwin Sparks | | | | 12/1/2020 | | | | | | | | | | | | | | | | | | | | | | | | | 39,510 | | | | | 979,453 | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/2/2020 | | | | | | | | | | 85,561 | | | | | 14.43 | | | | | 3/2/2030 | | | | | 34,650 | | | | | 858,974 | | | | | 83,160 | | | | | 2,061,536 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 6/3/2019 | | | | | | | | | | 17,830 | | | | | 21.96 | | | | | 6/3/2029 | | | | | | | | | | | | | | | 4,098 | | | | | 101,589 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2019 | | | | | 4,646 | | | | | 9,291 | | | | | 38.02 | | | | | 3/1/2029 | | | | | | | | | | | | | | | 3,945 | | | | | 97,797 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2018 | | | | | 3,568 | | | | | 1,784 | | | | | 48.53 | | | | | 3/1/2028 | | | | | 578 | | | | | 14,329 | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2017 | | | | | 4,312 | | | | | | | | | | 34.72 | | | | | 3/1/2027 | | | | | | | | | | | | | | | | | | | | | | |
Grant Date | | | Outstanding Vesting Dates | |
6/3/2019 | | | Vests on June 3, 2022 | |
3/2/2020 | | | Vests in equal installments on March 2, 2021, 2022 and 2023 | |
3/1/ | | | Vests in equal installments on March 1, | |
3/1/ | ||||
| | Balance vests on March 1, | ||
|
Grant Date | | | Outstanding Vesting Dates | |
| | RSUs with vesting date of | | |
| | RSUs with vesting date of March 2, 2023 | | |
3/1/ | | | PSUs where the performance period ended on December 31, | |
|
Grant Date | | | Outstanding Vesting Dates | |
3/ | | | Performance period ending December 31, | |
3/1/ | | | Performance period ending December 31, | |
| | Option Awards(1) | | Stock Awards(2)(3) | | | Option Awards(1) | | Stock Awards(2) | | ||||||||||||||||||||||||||||||||||||||||
Name | | Number of Shares Acquired on Exercise (#) | | Value Realized on Exercise ($) | | Number of Shares Acquired on Vesting (#) | | Value Realized on Vesting ($) | | | Number of Shares Acquired on Exercise (#) | | Value Realized on Exercise ($) | | Number of Shares Acquired on Vesting (#) | | Value Realized on Vesting ($) | | ||||||||||||||||||||||||||||||||
Mark Vergnano | | | | 200,151 | | | | | 7,508,519 | | | | | 761,490 | | | | | 23,768,957 | | | | | | 374,151 | | | | | 2,721,790 | | | | | 13,142 | | | | | 325,799 | | | ||||||||
Mark Newman | | | | 40,000 | | | | | 1,262,023 | | | | | 67,982 | | | | | 3,211,385 | | | | | | | | | | | | | | | | 26,239 | | | | | 508,249 | | | ||||||||
Paul Kirsch | | | | 13,770 | | | | | 567,509 | | | | | 32,991 | | | | | 1,626,809 | | | |||||||||||||||||||||||||||||
Bryan Snell | | | | | | | | | | | | | | 173,997 | | | | | 5,731,244 | | | |||||||||||||||||||||||||||||
Sameer Ralhan | | | | | | | | | | | | | | 5,467 | | | | | 105,896 | | | |||||||||||||||||||||||||||||
David Shelton | | | | | | | | | | | | | | 129,993 | | | | | 4,273,618 | | | | | | | | | | | | | | | | 16,399 | | | | | 317,649 | | | ||||||||
Edwin Sparks | | | | 2,728 | | | | | 13,836 | | | | | 697 | | | | | 10,253 | | |
Name | | Executive Contributions in Last Fiscal Year ($)(1) | | Registrant Contribution in Last Fiscal Year ($)(2) | | Aggregate Earning in Last Fiscal Year ($)(3) | | Aggregate Withdrawals / Distributions In Last Fiscal Year ($) | | Aggregate Balance at Last Fiscal Year-End ($)(4) | | | Executive Contributions in Last Fiscal Year ($)(1) | | Registrant Contribution in Last Fiscal Year ($)(2) | | Aggregate Earning in Last Fiscal Year ($)(3) | | Aggregate Withdrawals / Distributions In Last Fiscal Year ($) | | Aggregate Balance at Last Fiscal Year-End ($)(4) | | ||||||||||||||||||||||||||||||||||
Mark Vergnano | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||
RSRP | | | | 202,000 | | | | | 235,667 | | | | | 20,441 | | | | | | 1,042,432 | | | | | | 108,737 | | | | | 108,737 | | | | | 28,751 | | | | | | | 1,540,838 | | | |||||||||||
MDCP | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||
Mark Newman | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||
RSRP | | | | 75,730 | | | | | 75,730 | | | | | (16,920) | | | | | | 281,818 | | | | | | 52,846 | | | | | 61,853 | | | | | 38,818 | | | | | | | 585,950 | | | |||||||||||
MDCP | | | | 183,278 | | | | | | | | | | (7,361) | | | | | | 473,920 | | | | | | 114,018 | | | | | | | | | | 54,608 | | | | | | | 888,405 | | | |||||||||||
Paul Kirsch | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||
RSRP | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||
MDCP | | | | 27,500 | | | | | | | | | | (2,252) | | | | | | 25,248 | | | ||||||||||||||||||||||||||||||||||
Bryan Snell | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||
Sameer Ralhan | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||
RSRP | | | | 61,000 | | | | | 71,167 | | | | | (15,055) | | | | | | 279,421 | | | | | | 34,200 | | | | | 40,665 | | | | | 55,937 | | | | | | | 386,090 | | | |||||||||||
MDCP | | | | 300,000 | | | | | | | | | | 5,377 | | | | | | 305,718 | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||
David Shelton | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||
RSRP | | | | 51,900 | | | | | 95,150 | | | | | (16,400) | | | | | | 288,256 | | | | | | 15,961 | | | | | 15,961 | | | | | 69,745 | | | | | | | 525,054 | | | |||||||||||
MDCP | | | | | | | | | | | | | | 2,006 | | | | | | 87,846 | | | | | | 112,011 | | | | | | | | | | 39,144 | | | | | | | 374,257 | | | |||||||||||
Edwin Sparks | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||
RSRP | | | | 29,836 | | | | | 31,976 | | | | | 25,984 | | | | | | | 224,772 | | | |||||||||||||||||||||||||||||||||
MDCP | | | | | | | | | | | | | | | | | | | | | | | |
Name | | RSRP ($) | | MDCP ($) | | Total ($) | | | RSRP ($) | | MDCP ($) | | Total ($) | | ||||||||||||||||||||||||
Mark Vergnano | | | | 727,712 | | | | | | | | | | 727,712 | | | | | | 1,232,253 | | | | | — | | | | | 1,232,253 | | | ||||||
Mark Newman | | | | 185,638 | | | | | 379,845 | | | | | 565,483 | | | | | | 373,892 | | | | | 659,087 | | | | | 1,032,979 | | | ||||||
Paul Kirsch | | | | | | | | | | | | | | | | | ||||||||||||||||||||||
Bryan Snell | | | | 187,372 | | | | | 300,000 | | | | | 487,372 | | | ||||||||||||||||||||||
Sameer Ralhan | | | | 39,522 | | | | | — | | | | | 39,522 | | | ||||||||||||||||||||||
David Shelton | | | | 106,665 | | | | | | | | | | 106,665 | | | | | | 296,948 | | | | | — | | | | | 296,948 | | | ||||||
Edwin Sparks | | | | 52,713 | | | | | — | | | | | 52,713 | | |
Name | | Form of Compensation(1) | | Voluntary or For Cause ($)(2) | | Involuntary Termination without Cause ($)(3) | | Retirement ($)(5) | | Death ($)(6) | | Disability ($)(4) | | Change in Control ($)(7) | | | Form of Compensation(1) | | Voluntary or For Cause ($)(2) | | Involuntary Termination without Cause ($)(2) | | Retirement ($)(5) | | Death ($)(6) | | Disability ($)(4) | | Change in Control | | |||||||||||||||||||||||||||||||||||||||||||||||
Mark Vergnano | | | Annual Salary | | | | | | | | | 525,000 | | | | | | | | | | | | | | | | | | | | 3,150,000 | | | | Annual Salary | | | | | | 525,000 | | | | | | | | | | | | | | | | | | | | 3,150,000 | | | |||||||||||||
| Target Annual Bonus | | | | | | | | | 1,365,000 | | | | | | | | | | | | | | | | | | | | 4,095,000 | | | |||||||||||||||||||||||||||||||||||||||||||||
| Target Annual Bonus (pro-rated) | | | | | | | | | | | | | | | | | | | 1,365,000 | | | | | 1,365,000 | | | | | 1,365,000 | | | |||||||||||||||||||||||||||||||||||||||||||||
| Health and Dental Benefits | | | | | | | | | 3,736 | | | | | | | | | | | | | | | | | | | | 44,832 | | | |||||||||||||||||||||||||||||||||||||||||||||
| Outplacement Services | | | | | | | | | 1,505 | | | | | | | | | | | | | | | | | | | | 14,620 | | | |||||||||||||||||||||||||||||||||||||||||||||
| Stock Options | | | | 4,137,608 | | | | | 4,137,608 | | | | | 4,137,608 | | | | | 4,137,608 | | | | | 4,137,608 | | | | | 4,137,608 | | | |||||||||||||||||||||||||||||||||||||||||||||
| RSUs | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||
| PSUs | | | | 4,855,659 | | | | | 4,855,659 | | | | | 4,855,659 | | | | | 4,855,659 | | | | | 4,855,659 | | | | | 4,601,186 | | | |||||||||||||||||||||||||||||||||||||||||||||
| | Target Annual Bonus | | | | | | 1,365,000 | | | | | | | | | | | | | | | | | | | | 4,095,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Target Annual Bonus (pro-rated) | | | | | | | | | | | | | | | | 1,365,000 | | | | | 1,365,000 | | | | | 1,365,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Health and Dental Benefits | | | | | | 3,949 | | | | | | | | | | | | | | | | | | | | 47,390 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Outplacement Services | | | | | | 2,150 | | | | | | | | | | | | | | | | | | | | 12,900 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Stock Options | | | | | | 6,204,915 | | | | | 6,204,915 | | | | | 6,204,915 | | | | | 6,204,915 | | | | | 6,204,915 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | RSUs | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | PSUs | | | | | | 5,540,515 | | | | | 5,540,515 | | | | | 5,540,515 | | | | | 5,540,515 | | | | | 7,963,093 | | | |||||||||||||||||||||||||||||||||||||||||||||||
Total | | | | | | 8,993,268 | | | | | 10,888,509 | | | | | 8,993,268 | | | | | 10,358,268 | | | | | 10,358,268 | | | | | 17,408,246 | | | | | | | | | | 13,641,529 | | | | | 11,745,430 | | | | | 13,110,430 | | | | | 13,110,430 | | | | | 22,838,298 | | | ||||||||||||||
Mark Newman | | | Annual Salary | | | | | | | | | 45,478 | | | | | | | | | | | | | | | | | | | | 1,182,440 | | | | Annual Salary | | | | | | 83,013 | | | | | | | | | | | | | | | | | | | | 1,400,000 | | | |||||||||||||
| Target Annual Bonus | | | | | | | | | 472,976 | | | | | | | | | | | | | | | | | | | | 945,952 | | | |||||||||||||||||||||||||||||||||||||||||||||
| Target Annual Bonus (pro-rated) | | | | | | | | | | | | | | | | | | | 472,976 | | | | | 472,976 | | | | | 472,976 | | | |||||||||||||||||||||||||||||||||||||||||||||
| Health and Dental Benefits | | | | | | | | | 3,736 | | | | | | | | | | | | | | | | | | | | 29,888 | | | |||||||||||||||||||||||||||||||||||||||||||||
| Outplacement Services | | | | | | | | | 1,505 | | | | | | | | | | | | | | | | | | | | 14,620 | | | |||||||||||||||||||||||||||||||||||||||||||||
| Stock Options | | | | | | | | | 1,263,384 | | | | | | | | | | 1,263,384 | | | | | 1,263,384 | | | | | 1,263,384 | | | |||||||||||||||||||||||||||||||||||||||||||||
| RSUs | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||
| PSUs | | | | | | | | | 5,354,011 | | | | | | | | | | 6,413,458 | | | | | 6,413,458 | | | | | 3,680,932 | | | |||||||||||||||||||||||||||||||||||||||||||||
| | Target Annual Bonus | | | | | | 630,000 | | | | | | | | | | | | | | | | | | | | 1,260,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Target Annual Bonus (pro-rated) | | | | | | | | | | | | | | | | 630,000 | | | | | 630,000 | | | | | 630,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Health and Dental Benefits | | | | | | 3,949 | | | | | | | | | | | | | | | | | | | | 31,594 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Outplacement Services | | | | | | 2,150 | | | | | | | | | | | | | | | | | | | | 8,600 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Stock Options | | | | | | | | | | | | | | | | 1,746,123 | | | | | 1,746,123 | | | | | 1,746,123 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | RSUs | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | PSUs | | | | | | | | | | | | | | | | 1,633,395 | | | | | 1,633,395 | | | | | 2,761,185 | | | |||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | | | | | | | | | 7,141,090 | | | | | | | | | | 8,149,817 | | | | | 8,149,817 | | | | | 7,590,191 | | | Total | | | | | | 719,112 | | | | | | | | | | 4,009,518 | | | | | 4,009,518 | | | | | 7,837,502 | | | ||||||||||||||||
Paul Kirsch | | | Annual Salary | | | | | | | | | 42,308 | | | | | | | | | | | | | | | | | | | | 1,100,000 | | | |||||||||||||||||||||||||||||||||||||||||||
| Target Annual Bonus | | | | | | | | | 412,500 | | | | | | | | | | | | | | | | | | | | 825,000 | | | |||||||||||||||||||||||||||||||||||||||||||||
| Target Annual Bonus (pro-rated) | | | | | | | | | | | | | | | | | | | 412,500 | | | | | 412,500 | | | | | 412,500 | | | |||||||||||||||||||||||||||||||||||||||||||||
| Health and Dental Benefits | | | | | | | | | 5,478 | | | | | | | | | | | | | | | | | | | | 43,826 | | | |||||||||||||||||||||||||||||||||||||||||||||
| Outplacement Services | | | | | | | | | 1,505 | | | | | | | | | | | | | | | | | | | | 14,620 | | | |||||||||||||||||||||||||||||||||||||||||||||
| Stock Options | | | | | | | | | 267,394 | | | | | | | | | | 267,394 | | | | | 267,394 | | | | | 267,394 | | | |||||||||||||||||||||||||||||||||||||||||||||
| RSUs | | | | | | | | | 481,292 | | | | | | | | | | 481,292 | | | | | 481,292 | | | | | 481,292 | | | |||||||||||||||||||||||||||||||||||||||||||||
| PSUs | | | | | | | | | 2,308,960 | | | | | | | | | | 3,103,531 | | | | | 3,103,531 | | | | | 1,907,418 | | | |||||||||||||||||||||||||||||||||||||||||||||
Total | | | | | | | | | 3,519,437 | | | | | | | | | | 4,264,717 | | | | | 4,264,717 | | | | | 5,052,050 | | | ||||||||||||||||||||||||||||||||||||||||||||||
Bryan Snell | | | Annual Salary | | | | | | | | | 275,000 | | | | | | | | | | | | | | | | | | | | 1,100,000 | | | |||||||||||||||||||||||||||||||||||||||||||
| Target Annual Bonus | | | | | | | | | 412,500 | | | | | | | | | | | | | | | | | | | | 825,000 | | | |||||||||||||||||||||||||||||||||||||||||||||
| Target Annual Bonus (pro-rated) | | | | | | | | | | | | | | | | | | | 412,500 | | | | | 412,500 | | | | | 412,500 | | | |||||||||||||||||||||||||||||||||||||||||||||
| Health and Dental Benefits | | | | | | | | | 3,462 | | | | | | | | | | | | | | | | | | | | 27,695 | | | |||||||||||||||||||||||||||||||||||||||||||||
| Outplacement Services | | | | | | | | | 1,505 | | | | | | | | | | | | | | | | | | | | 14,620 | | | |||||||||||||||||||||||||||||||||||||||||||||
| Stock Options | | | | 842,263 | | | | | 842,263 | | | | | 842,263 | | | | | 842,263 | | | | | 842,263 | | | | | 842,263 | | | |||||||||||||||||||||||||||||||||||||||||||||
| RSUs | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||
| PSUs | | | | 794,571 | | | | | 794,571 | | | | | 794,571 | | | | | 794,571 | | | | | 794,571 | | | | | 752,938 | | | |||||||||||||||||||||||||||||||||||||||||||||
Sameer Ralhan | | Annual Salary | | | | | | 74,639 | | | | | | | | | | | | | | | | | | | | 1,150,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Target Annual Bonus | | | | | | 460,000 | | | | | | | | | | | | | | | | | | | | 920,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Target Annual Bonus (pro-rated) | | | | | | | | | | | | | | | | 460,000 | | | | | 460,000 | | | | | 460,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Health and Dental Benefits | | | | | | 5,790 | | | | | | | | | | | | | | | | | | | | 46,323 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Outplacement Services | | | | | | 2,150 | | | | | | | | | | | | | | | | | | | | 8,600 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Stock Options | | | | | | | | | | | | | | | | 1,158,471 | | | | | 1,158,471 | | | | | 1,158,471 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | RSUs | | | | | | | | | | | | | | | | 979,453 | | | | | 979,453 | | | | | 979,453 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | PSUs | | | | | | | | | | | | | | | | 1,044,043 | | | | | 1,044,043 | | | | | 1,623,522 | | | |||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | | | | 1,636,834 | | | | | 2,329,301 | | | | | 1,636,834 | | | | | 2,049,334 | | | | | 2,049,334 | | | | | 3,975,016 | | | | | | | | | | 542,579 | | | | | | | | | | 3,641,967 | | | | | 3,641,967 | | | | | 6,346,369 | | | |||||||||||||||
David Shelton | | | Annual Salary | | | | | | | | | 210,096 | | | | | | | | | | | | | | | | | | | | 950,000 | | | | Annual Salary | | | | | | 240,385 | | | | | | | | | | | | | | | | | | | | 1,000,000 | | | |||||||||||||
| Target Annual Bonus | | | | | | | | | 332,500 | | | | | | | | | | | | | | | | | | | | 665,000 | | | |||||||||||||||||||||||||||||||||||||||||||||
| Target Annual Bonus (pro-rated) | | | | | | | | | | | | | | | | | | | 332,500 | | | | | 332,500 | | | | | 332,500 | | | |||||||||||||||||||||||||||||||||||||||||||||
| Health and Dental Benefits | | | | | | | | | 1,620 | | | | | | | | | | | | | | | | | | | | 12,958 | | | |||||||||||||||||||||||||||||||||||||||||||||
| Outplacement Services | | | | | | | | | 1,505 | | | | | | | | | | | | | | | | | | | | 14,620 | | | |||||||||||||||||||||||||||||||||||||||||||||
| Stock Options | | | | 631,680 | | | | | 631,680 | | | | | 631,680 | | | | | 631,680 | | | | | 631,680 | | | | | 631,680 | | | |||||||||||||||||||||||||||||||||||||||||||||
| RSUs | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||
| PSUs | | | | | | | | | | | | | | | | | | | 685,393 | | | | | 685,393 | | | | | 662,323 | | | |||||||||||||||||||||||||||||||||||||||||||||
| | Target Annual Bonus | | | | | | 350,000 | | | | | | | | | | | | | | | | | | | | 700,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Target Annual Bonus (pro-rated) | | | | | | | | | | | | | | | | 350,000 | | | | | 350,000 | | | | | 350,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Health and Dental Benefits | | | | | | 1,712 | | | | | | | | | | | | | | | | | | | | 13,696 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Outplacement Services | | | | | | 2,150 | | | | | | | | | | | | | | | | | | | | 8,600 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Stock Options | | | | | | | | | | | | | | | | 1,052,617 | | | | | 1,052,617 | | | | | 1,052,617 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | RSUs | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | PSUs | | | | | | | | | | | | | | | | 984,197 | | | | | 984,197 | | | | | 1,611,400 | | | |||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | | | | 631,680 | | | | | 1,177,401 | | | | | 631,680 | | | | | 1,649,574 | | | | | 1,649,574 | | | | | 3,269,082 | | | Total | | | | | | 594,247 | | | | | | | | | | 2,386,814 | | | | | 2,386,814 | | | | | 4,736,313 | | | ||||||||||||||||
Edwin Sparks | | Annual Salary | | | | | | 275,000 | | | | | | | | | | | | | | | | | | | | 1,100,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Target Annual Bonus | | | | | | 412,500 | | | | | | | | | | | | | | | | | | | | 825,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Target Annual Bonus (pro-rated) | | | | | | | | | | | | | | | | 412,500 | | | | | 412,500 | | | | | 412,500 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Health and Dental Benefits | | | | | | 1,587 | | | | | | | | | | | | | | | | | | | | 12,699 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Outplacement Services | | | | | | 2,150 | | | | | | | | | | | | | | | | | | | | 8,600 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Stock Options | | | | | | | | | | | | | | | | 920,052 | | | | | 920,052 | | | | | 920,052 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | RSUs | | | | | | | | | | | | | | | | 1,838,426 | | | | | 1,838,426 | | | | | 1,838,426 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | PSUs | | | | | | | | | | | | | | | | 834,431 | | | | | 834,431 | | | | | 1,307,673 | | | |||||||||||||||||||||||||||||||||||||||||||||||
Total | | | | | | | | 691,237 | | | | | | | | | | 4,005,409 | | | | | 4,005,409 | | | | | 6,424,950 | | |
| | 2018 (in thousands) | | 2017 (in thousands) | | | 2020 (in thousands) | | 2019 (in thousands) | | ||||||||||||||||
Audit fees(1) | | | $ | 7,731 | | | | $ | 7,295 | | | | | $ | 7,133 | | | | $ | 7,690 | | | ||||
Audit-related fees(2) | | | | 234 | | | | | 1,267 | | | | | | 534 | | | | | 773 | | | ||||
Tax fees(3) | | | | 1,628 | | | | | 1,488 | | | | | | 938 | | | | | 692 | | | ||||
All other fees(4) | | | | 635 | | | | | 1,504 | | | | | | 9 | | | | | 1,433 | | | ||||
| | | | | | | | | | | ||||||||||||||||
Total | | | $ | 10,229 | | | | $ | 11,554 | | | | | $ | 8,614 | | | | $ | 10,588 | | |
| | | | | |
| Total shares underlying outstanding options and stock appreciation rights (including Conversion Awards*) | | | 8,164,424 | |
| Weighted average exercise price of outstanding options and stock appreciation rights | | | $19.95 | |
| Weighted average remaining contractual life of outstanding options and stock appreciation rights | | | 6.77 years | |
| Total shares underlying outstanding full-value awards | | | 3,095,755 | |
| Total shares currently available for new awards under the 2017 Plan | | | 8,061,167 | |
| Total record date common shares outstanding | | | 165,194,730 | |
|
Name and Principal Position | | | Number of Shares Underlying Options Granted | | | Number of Shares Underlying Other Awards Granted | | ||||||
Mark Vergnano President and Chief Executive Officer | | | | | 1,091,120 | | | | | | 570,812 | | |
Mark E. Newman Senior Vice President, Chief Operating Officer | | | | | 311,086 | | | | | | 148,866 | | |
Sameer Ralhan Senior Vice President, Chief Financial Officer | | | | | 201,025 | | | | | | 134,987 | | |
Edwin Sparks President, Chemical Solutions and Fluoroproducts | | | | | 159,489 | | | | | | 149,400 | | |
David Shelton Senior Vice President, General Counsel and Corporate Secretary | | | | | 183,483 | | | | | | 109,565 | | |
All current executive officers as a group | | | | | 1,946,203 | | | | | | 1,113,630 | | |
All current directors who are not executive officers as a group | | | | | | | | | | | 158,099 | | |
Each nominee for election as a director | | | | | 0 | | | | | | 0 | | |
All current employees, including current officers who are not executive officers, as a group | | | | | 2,533,767 | | | | | | 1,226,548 | | |
Vehicle | | | Company is Surviving Entity or Acquiring Entity Assumes or Provides for Substitute Awards | | | Company is Not the Surviving Entity and Acquiring Entity Does Not Assume or Provide for Substitute Awards | |
Stock Options and Stock Appreciation Rights | | | Awards remain in place or substitute awards issued. Upon termination by employer without cause or termination by employee for good reason within twenty-four months after change in control, awards vest in full and remain exercisable for two years, or until the original expiration date, whichever occurs first. | | | Immediately vested and cancelled in exchange for a cash payment in an amount equal to (i) the excess of the fair market value per share of the stock subject to the award immediately prior to the change in control over the exercise or base price per share of stock subject to the award multiplied by (ii) the number of shares granted; provided that any underwater Awards shall be cancelled without payment. | |
Time-Vested Awards | | | Awards remain in place or substitute awards issued. Upon termination by employer without cause or termination by employee for good reason within twenty-four months after change in control, awards vest in full. | | | Immediately vested and cancelled in exchange for a cash payment equal to the fair market value per share of the stock subject to the award immediately prior to the change in control multiplied by the number of shares granted. | |
Performance-Based Awards | | | Awards are converted into time-vested awards at target, without proration and treated consistent with time-vested awards as described above. | | | Awards are converted into time-vested awards at target, without proration and treated consistent with time-vested awards as described above. | |
Plan Category | | | Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights(1) | | | Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights(2) | | | Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans(3) | | |||||||||
Equity compensation plans approved by security holders | | | | | 9,100 | | | | | $ | 19.21 | | | | | | 10,200 | | |
Equity compensation plans not approved by security holders | | | | | — | | | | | | — | | | | | | — | | |
Total | | | | | 9,100 | | | | | $ | 19.21 | | | | | | 10,200 | | |
|
| Proposal | | | Vote Required | | | Broker Discretionary Voting Allowed? | |
| Election of Directors | | | Majority of Votes Cast | | | No | |
| Advisory Approval of Executive Compensation | | | Majority of Votes Represented and Entitled to Vote | | | No | |
| Ratification of PwC | | | Majority of Votes Represented and Entitled to Vote | | | Yes | |
| | | Eighty Percent of the Voting Power of the Company’s Stock Then Outstanding | | | No | | |
| Equity Plan | | | Majority of Votes Represented and Entitled to Vote | | | No | |
| Section | | | | | Page | | |
| 1. PURPOSE; TYPES OF AWARDS; CONSTRUCTION | | | | | 3 | | |
| 2. DEFINITIONS | | | | | 3 | | |
| 3. ADMINISTRATION | | | | | 6 | | |
| 4. ELIGIBILITY | | | | | 7 | | |
| 5. STOCK SUBJECT TO THE PLAN AND AWARD LIMITS | | | | | 7 | | |
| 6. SPECIFIC TERMS OF AWARDS | | | | | 9 | | |
| 7. CHANGE IN CONTROL PROVISIONS | | | | | 11 | | |
| 8. GENERAL PROVISIONS | | | | | 14 | | |