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| | | Mark President & Chief Executive Officer | |
| 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 COMPENSATIONEXECUTIVE 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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| 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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| | | ONE YEAR | | | 61 | | ||||
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Proposal 4 — | Ratification of Independent Registered Public Accounting Firm | | | FOR | | | 62 | |
| 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 | | | Mary B. | | | Curtis J. | | | Dawn L. | | | Erin N. | | | Sean D. Keohane | | | Mark | | | Guillaume Pepy | | | Sandra Phillips Rogers | | |||
| Core Skills and Experience | | |||||||||||||||||||||||||||||||||
| Leadership (Strategy and Execution) | | | x | | | 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 | | | x | | |||
| Global Business Strategy and Management | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | |||
| Global Business Operations | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | |||
| Corporate Governance | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | |||
| Other Board Experience | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | |||
| Technological Innovation | | | x | | | | | | x | | | x | | | x | | | x | | | x | | | | | | | | | x | | |||
| Compensation & Succession | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | |||
| Risk Management | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | | x | | |||
| Environmental, Health, Safety and Sustainability | | | x | | | | | | x | | | | | | x | | | x | | | x | | | x | | | x | | | x | | |||
| Additional Experience | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||
| Marketing | | | 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 | | | | | | | | |||
| Investor Relations & Engagement | | | x | | | x | | | x | | | | | | x | | | x | | | x | | | x | | | | | | | | |||
| Information Technology | | | | | | | | | x | | | x | | | | | | | | | | | x | | | | | | | | ||||
| Logistics & Supply Chain | | | x | | | | | | | | | | | | | | | x | | | x | | | x | | | x | | | | | |||
| Legal Expertise | | | x | | | | | | x | | | | | | | | | | | | | |||||||||||||
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| Regulatory Experience | | | x | | | | | | x | | | | | | x | | | | | | | | ||||||||||||
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| Cybersecurity | | | | | | | | | x | | | | | | x | | | | | | | | | x | | | | | | x | | |||
| Diversity | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||
| Gender | | | | | | | | | x | | | | | | x | | | x | | | | | | | | |||||||||
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| Ethnicity | | | | | | | | | | | | x | | | | | | | | | | | | x | | | | | | x | |
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| | Committee Memberships: Audit (Chair), Nominating and Corporate Governance Term of Age: 65 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, 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: 69 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 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: Audit, Nominating & Corporate Governance (Chair) Term of Office Expires: 2022 Age: 74 Business Experience: • Senior Partner and Chair Emeritus, Other Boards and Positions • TPG, Inc. (2022) • Visa, Inc. 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: 2022 Age: 74 Business Experience: • President and Chief Executive Officer, • President and Chief Executive Officer, Other Boards and • Author of three books on leadership and corporate • B. Kenneth West Lifetime Achievement Award, 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 | |
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| | Committee Memberships: Chair of the Board Term of Office Expires: 2022 Age: 62 Business Experience: • President and Chief Executive Officer, • Chief Operating Officer • Executive Vice President of Generation, Other Boards and Positions • Portland General Electric (“PGE”) (2022) • Canada Mount Royal University, Chancellor (2020 to present) With her | | |
Dawn L. Farrell | | |||
| | Director Committee Memberships: Audit, Compensation and Leadership Development Term of Office Expires: 2022 Age: 45 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 to 2004) • Six Sigma and Process Engineering, Elementis Specialties and Kvaerner Process prior to 2002 Other Boards and Positions • American Chemistry Council (2017 to present) • American Institute of Chemical Engineers (2019 to 2021) 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 | |
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| | Committee Memberships: Compensation and Leadership Development (Chair), Nominating and Corporate Governance Term of Office Expires: 2022 Age: 54 Business Experience: • President and • 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 | | |||
| | Committee Memberships: President & CEO Term of Office Expires: 2022 Age: 58 Business Experience: • President and Chief Executive Officer, • SVP and Chief Financial Officer, Performance Chemicals, DuPont (2014 to 2015) • SVP and Chief Financial Officer, SunCoke Energy Inc. (2011 to 2014) • VP and Managing Director, SmartAuction, Ally Financial Inc. (2008 to 2011) • VP and Chief Financial Officer, North America — Vice • VP and • Treasurer’s Office and Government Relations various positions, General Motors Corporation, prior to 1999 Other Boards and Positions • American Chemistry Board (2022) • Altria Group, Inc. (2018 to 2021) Mr. Newman was | | |
Mark | |
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| | Director Since: 2022 Committee Memberships: Audit, Compensation and Leadership Development Term of Office Expires: 2022 Age: 63 Business Experience: • Chairman and CEO, Societe Nationale SNCF SA (2008 to 2019), Chief Operating Officer (2003-2008), Deputy Chief Executive Officer (1998 to 2003), Head of Mainland Services (TGV) (1997 to 1998) • Deputy Chief Executive Office, B2B Markets, SorresGroup (1996 to 1997) • Chief Strategy Officer and Investment Director, SNCF (1993 to 1995) • Chief of Staff to Minister of Labour, French Government (1991 to 1993), Chief of Staff to Minister of Labour (1990 to 1991) • Chief of Staff, SNCF (1989 to 1990) • Advisor to Minister of Budget, French Government (1988 to 1989) • Deputy General Secretary, Council of State (1984 to 1988) Other Boards and Positions • Suez Morocco (LYDEC), Chairman (2021) Mr. Pepy brings a wealth of public and government sector experience in addition to expert perspective and insights into the regulatory and environmental landscapes in Europe. With his history of leading successful business transformations, Mr. Pepy’s skills will contribute to Chemours’ sustainable growth in this next chapter of our company. | | |
Guillaume Pepy | | |||
| | Director Since: 2021 Committee Memberships: Audit, Nominating and Corporate Governance Term of Office Expires: 2022 Age: 56 Business Experience: • Group Vice President, Chief Legal Officer, General Counsel, Corporate Secretary and Chief Diversity Officer; oversight responsibility for Social Innovation, Sustainability and Regulatory Affairs and Compliance and Audit Office, Toyota Motor North America Inc. (January 2019 to present); Chief Diversity Officer (2015 to present); Vice President and Deputy General Counsel (2014 to 2015); Vice President and Assistant General Counsel (2012 to 2014) • Partner, Complex Litigation Management and Strategy, Morgan, Lewis & Bockius LLP (2008 to 2012) • Vice President, Assistant General Counsel and Chief Litigation Counsel, Pfizer (2008); Senior Vice President and Associate General Counsel (2006 to 2008); Vice President and Assistant General Counsel (2005 to 2006); Assistant General Counsel (2004 to 2005) Other Boards and Positions • MSA Safety Inc (2017 to Present) Ms. Rogers has substantial legal experience, along with her experience leading enterprise-level diversity and inclusion efforts. Ms. Rogers offers the board strong expertise in the legal, human capital, regulatory, and operational aspects of managing a large manufacturing company. | | |
Sandra Phillips Rogers | |
| | 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 | | | | C | | | | X | | ||||||||
Bradley J. Bell | | C | | X | | | | | | | | X | | X | | ||||||||
Mary B. Cranston | | X | | | | C | | | | X | | | | C | | ||||||||
Dr. Curtis J. Crawford | | X | | C | | | | | | X | | | | | | ||||||||
Dawn L. Farrell | | | | X | | X | | | | X | | X | | | | ||||||||
Erin N. Kane | | X | | X | | | | ||||||||||||||||
Sean D. Keohane | | | | X | | X | | | | | | C | | X | | ||||||||
2018 Meetings | | 4 | | 6 | | 4 | | | |||||||||||||||
Sandra Phillips Rogers | | X | | | | X | | ||||||||||||||||
2021 Meetings | | 4 | | 8 | | 7 | | ||||||||||||||||
X = Member | X = Member | | C = Chair | | | | X = Member | | C = CHAIR | |
Fiscal Year 2018 Director Retainers | | | | | | | ||||||||
Fiscal Year 2021 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 | | | ||
Lead Independent Director(3) | | | $ | 35,000 | | | ||||||||
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 | | 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 | | | | | | 120,000 | | | | | 144,987 | | | | | 264,987 | | | ||||||
Bradley J. Bell | | | | 120,000 | | | | | 130,045 | | | | | 250,045 | | | | | | 105,000 | | | | | 144,987 | | | | | 249,987 | | | ||||||
Richard H. Brown | | | | 210,000 | | | | | 130,045 | | | | | 340,045 | | | | | | 105,000 | | | | | 144,987 | | | | | 249,987 | | | ||||||
Mary B. Cranston | | | | 107,500 | | | | | 130,045 | | | | | 237,545 | | | | | | 115,000 | | | | | 144,987 | | | | | 259,987 | | | ||||||
Curtis J. Crawford | | | | 115,000 | | | | | 130,045 | | | | | 245,045 | | | | | | 100,000 | | | | | 144,987 | | | | | 244,987 | | | ||||||
Dawn L. Farrell | | | | 100,000 | | | | | 130,045 | | | | | 230,045 | | | | | | 135,000 | | | | | 144,987 | | | | | 279,987 | | | ||||||
Erin N. Kane | | | | 100,000 | | | | | 144,987 | | | | | 244,987 | | | ||||||||||||||||||||||
Sean D. Keohane | | | | 75,000 | | | | | 130,045 | | | | | 205,045 | | | | | | 115,000 | | | | | 144,987 | | | | | 259,987 | | | ||||||
Stephen D. Newlin(4) | | | | 57,500 | | | | | 0 | | | | | 57,500 | | | ||||||||||||||||||||||
Mark P. Vergnano(1) | | | | 160,000 | | | | | 144,996 | | | | | 304,996 | | | ||||||||||||||||||||||
Sandra P. Rogers | | | | 25,000 | | | | | 144,982 | | | | | 169,982 | | |
Name | | | Aggregate Equity Outstanding as of December 31, | | |||
Curtis V. Anastasio | | | | | | | |
Bradley J. Bell | | | | | |||
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Mary B. Cranston | | | | | | | |
Curtis J. Crawford | | | | | | | |
Dawn L. Farrell | | | | | | | |
Erin N. Kane | | | | | 29,121 | | |
Sean D. Keohane | | | | | | | |
Mark P. Vergnano | | | | | 87,223 | | |
Sandra P. Rogers | | | | | 5,085 | | |
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 E. Newman | | | | 149,576 | | | | | 2,480 | | | | | 593,472 | | | | | 745,528 | | | | | * | | | ||||||||||||||||||||||||||||||||||||
Mark P. Vergnano | | | | 584,676 | | | | | 61,578 | | | | | 1,579,877 | | | | | 2,226,131 | | | | | 1.34% | | | | | | 85,349 | | | | | 728,673 | | | | | 1,759,078 | | | | | 2,573,100 | | | | | 1.6% | | | ||||||||||
Mark E. Newman | | | | 153,471 | | | | | 2,480 | | | | | 459,819 | | | | | 615,770 | | | | | * | | | ||||||||||||||||||||||||||||||||||||
Paul Kirsch | | | | 57,921 | | | | | 0 | | | | | 52,495 | | | | | 110,416 | | | | | * | | | ||||||||||||||||||||||||||||||||||||
E. Bryan Snell | | | | 105,774 | | | | | 0 | | | | | 198,640 | | | | | 304,414 | | | | | * | | | ||||||||||||||||||||||||||||||||||||
Sameer Ralhan | | | | 262,552 | | | | | — | | | | | 256,785 | | | | | 519,337 | | | | | * | | | ||||||||||||||||||||||||||||||||||||
Edwin Sparks | | | | 19,854 | | | | | — | | | | | 64,391 | | | | | 84,245 | | | | | * | | | ||||||||||||||||||||||||||||||||||||
David C. Shelton | | | | 83,269 | | | | | 492 | | | | | 121,391 | | | | | 205,152 | | | | | * | | | | | | 30,290 | | | | | 91,992 | | | | | 226,545 | | | | | 348,827 | | | | | * | | | ||||||||||
Bryan Snell | | | | 18,203 | | | | | — | | | | | 173,402 | | | | | 191,605 | | | | | * | | | ||||||||||||||||||||||||||||||||||||
Susan Kelliher | | | | 18,778 | | | | | — | | | | | 94,774 | | | | | 113,552 | | | | | * | | | ||||||||||||||||||||||||||||||||||||
Curtis V. Anastasio | | | | 2,692 | | | | | 0 | | | | | 25,753 | | | | | 28,445 | | | | | * | | | | | | 2,692 | | | | | 3,500 | | | | | 52,919 | | | | | 59,111 | | | | | * | | | ||||||||||
Bradley J. Bell | | | | 0 | | | | | 10,400 | | | | | 28,486 | | | | | 38,886 | | | | | * | | | | | | 8,737 | | | | | 20,400 | | | | | 46,823 | | | | | 75,960 | | | | | * | | | ||||||||||
Richard H. Brown | | | | 12,500 | | | | | 0 | | | | | 86,706 | | | | | 99,206 | | | | | * | | | ||||||||||||||||||||||||||||||||||||
Mary B. Cranston | | | | 0 | | | | | 0 | | | | | 28,486 | ��� | | | | 28,486 | | | | | * | | | | | | 2,834 | | | | | — | | | | | 56,067 | | | | | 58,901 | | | | | * | | | ||||||||||
Curtis J. Crawford | | | | 30 | | | | | 47 | | | | | 75,050 | | | | | 75,127 | | | | | * | | | | | | 27,703 | | | | | 47 | | | | | 66,279 | | | | | 94,029 | | | | | * | | | ||||||||||
Dawn L. Farrell | | | | 0 | | | | | 0 | | | | | 28,486 | | | | | 28,486 | | | | | * | | | | | | — | | | | | — | | | | | 56,067 | | | | | 56,067 | | | | | * | | | ||||||||||
Erin N. Kane | | | | — | | | | | — | | | | | 27,099 | | | | | 27,099 | | | | | * | | | ||||||||||||||||||||||||||||||||||||
Sean D. Keohane | | | | 0 | | | | | 0 | | | | | 2,733 | | | | | 2,733 | | | | | * | | | | | | — | | | | | — | | | | | 26,403 | | | | | 26,403 | | | | | * | | | ||||||||||
Directors, nominees and executive officers as a group (15 persons) | | | | 1,050,259 | | | | | 74,997 | | | | | 2,763,559 | | | | | 3,888,815 | | | | | 2.34% | | | ||||||||||||||||||||||||||||||||||||
Sandra P. Rogers | | | | — | | | | | 378 | | | | | 5,046 | | | | | 5,424 | | | | | * | | | ||||||||||||||||||||||||||||||||||||
Guillaume Pepy | | | | — | | | | | — | | | | | 1,395 | | | | | 1,395 | | | | | * | | | ||||||||||||||||||||||||||||||||||||
Directors, nominees and executive officers as a group (19 persons) | | | | 639,449 | | | | | 847,470 | | | | | 3,449,254 | | | | | 4,936,174 | | | | | 3.04% | | |
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) | | ||||||
The Vanguard Group(1) 100 Vanguard Blvd. Malvern, PA 19355 | | | | | 16,327,974 | | | | | | 10.14% | | |
BlackRock, Inc(2), 55 East 52nd Street New York, NY 10055 | | | | | 14,015,490 | | | | | | 8.70% | | |
FMR LLC(3) 245 Summer Street Boston, MA 02210 | | | | | 13,964,251 | | | | | | 8.67% | | |
Sessa Capital(4), 888 Seventh Avenue, 30th Floor New York, NY 10019 | | | | | 8,193,436 | | | | | | 5.09% | | |
Name | | | Position | |
Mark Newman | | | President and Chief Executive Officer (July — December) | |
Mark Vergnano | | | President and Chief Executive Officer (January — June) (retired July 2021) | |
| | Senior Vice President, | | |
| | President, Titanium Technologies and Chemical Solutions (March — December) | | |
David Shelton | | | Senior Vice President, General Counsel and Corporate Secretary | |
Susan Kelliher | | | Senior Vice President, People | |
Bryan Snell | | | President, Titanium Technologies (retired July 2021) | |
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 | | | ☒ Provide single tigger change in control | |
☑ 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) | | | ➢ Cash incentive 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 Plan (LTIP) | | | ➢ Long-term equity-based Incentives earned and awarded periodically in various forms of equity: RSUs, PSUs, and/or Stock Options ➢ Creates a compensation opportunity aligned with the interests of our 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 | | |
| | | 2020(1) | | | 2021 | |
Base Salary | | | $700,000 | | | $975,000 | |
Target AIP Opportunity | | | $630,000 (90% of salary) | | | $1,170,000 (120% of salary) | |
Target LTI Opportunity (Grant Value) | | | $1,500,000 | | | $4,300,000 | |
Target Total Direct Compensation | | | $2,830,000 | | | $6,445,000 | |
| | 2017 | | 2018 | | | 2020 | | 2021 | | ||||
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, 2020 | | | Base Salary as of December 31, 2021 | | ||||||
Sameer Ralhan | | | | $ | 575,000 | | | | | $ | 625,000 | | |
David Shelton | | | | $ | 500,000 | | | | | $ | 500,000 | | |
Edwin Sparks | | | | $ | 550,000 | | | | | $ | 550,000 | | |
Susan Kelliher | | | | $ | 425,000 | | | | | $ | 425,000 | | |
Bryan Snell(1) | | | | $ | 550,000 | | | | | $ | 550,000 | | |
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 | | | 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 | | | Bonus Target as of December 31, 2020 | | | Bonus Target as of December 31, 2021 | | ||||||
Sameer Ralhan | | | | | 80% | | | | | | 80% | | |
David Shelton | | | | | 70% | | | | | | 70% | | |
Edwin Sparks | | | | | 75% | | | | | | 75% | | |
Susan Kelliher | | | | | 65% | | | | | | 65% | | |
Bryan Snell(1) | | | | | 75% | | | | | | 75% | | |
| | | | | |||
| |||||||
| | | Weight | | |||
| Chemours ESG | | | 15.0% | | ||
| Chemours Free Cash Flow | | | |
| Chemours Adjusted EBITDA | | | 42.5% | | ||
| | | | | |||
| |||||||
| | | Weight | | |||
| Chemours ESG | | | 15.0% | | ||
| Chemours Free Cash Flow | | | ||||
| |||||||
| Business Unit Free Cash Flow | | | | |||
| Business Unit EBITDA | | | 20.0% | | ||
| Business Unit Market Share | | | 25.0% | | ||
| | | | | | ||
| Advanced Performance Materials | | | Weight | | ||
| Chemours ESG | | | 15.0% | | ||
| Chemours Free Cash Flow | | | 20.0% | | ||
| Business Unit Revenue | | | 25.0% | | ||
| Business Unit Free Cash Flow | | | 20.0% | | ||
| Business Unit Adjusted EBITDA | | | 20.0% | | ||
| | | | | | ||
| Thermal and Specialized Solutions | | | Weight | | ||
| Chemours ESG | | | 15.0% | | ||
| Chemours Free Cash Flow | | | 20.0% | | ||
| Business Unit Free Cash Flow | | | 35.0% | | ||
| Opteon™ Variable Contribution Increase | | | 30.0% | | ||
| | | | | |
| Chemical Solutions | | | | |
| Chemours ESG | | | 15.0% | |
| Business Unit Free Cash Flow | | | 30.0% | |
| Business Unit Adjusted EBITDA | | | 55.0% | |
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% | | | | | $ | 832 | | | | $ | 1,067 | | | | $ | 1,312 | | | | $ | 1,333 | | | | | 85% | | | ||||||||||
Corporate Free Cash Flow | | | $ | 600 | | | | $ | 691 | | | | $ | 1,000 | | | | $ | 627 | | | | | 32% | | | | | $ | 275 | | | | $ | 370 | | | | $ | 574 | | | | $ | 682 | | | | | 85% | | | ||||||||||
ESG Diversity Metric | | | | 1.1% | | | | | 1.5% | | | | | 2.3% | | | | | 0.6% | | | | | 0% | | | ||||||||||||||||||||||||||||||||||||
ESG Emissions Metric | | | | 4 | | | | | 5 | | | | | 7 | | | | | 7 | | | | | 9% | | | ||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | 179% | | |
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% | | | ||||||||||||||||||||||||||||||||||||
Corporate Free Cash Flow | | | $ | 600 | | | | $ | 691 | | | | $ | 1,000 | | | | $ | 627 | | | | | 8% | | | | | $ | 275 | | | | $ | 370 | | | | $ | 574 | | | | $ | 682 | | | | | 40% | | | ||||||||||
Business Unit Adj. EBITDA | | | $ | 1,110 | | | | $ | 1,200 | | | | $ | 1,380 | | | | $ | 1,055 | | | | | 0% | | | ||||||||||||||||||||||||||||||||||||
ESG Diversity Metric | | | | 1.1% | | | | | 1.5% | | | | | 2.3% | | | | | 0.6% | | | | | 0% | | | ||||||||||||||||||||||||||||||||||||
ESG Emissions Metric | | | | 4 | | | | | 5 | | | | | 7 | | | | | 7 | | | | | 9% | | | ||||||||||||||||||||||||||||||||||||
Business Unit EBITDA | | | $ | 465 | | | | $ | 596 | | | | $ | 733 | | | | $ | 809 | | | | | 40% | | | ||||||||||||||||||||||||||||||||||||
Business Unit Revenue Share | | | | 31.2% | | | | | 32.6% | | | | | 34.0% | | | | | 33.9% | | | | | 49% | | | ||||||||||||||||||||||||||||||||||||
Business Unit Free Cash Flow | | | $ | 950 | | | | $ | 1,045 | | | | $ | 1,245 | | | | $ | 938 | | | | | 0% | | | | | $ | 383 | | | | $ | 451 | | | | $ | 555 | | | | $ | 608 | | | | | 40% | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | 178% | | |
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% | | | ||||||||||||||||||||||||||||||||||||
Corporate Free Cash Flow | | | $ | 600 | | | | $ | 691 | | | | $ | 1,000 | | | | $ | 627 | | | | | 8% | | | | | $ | 275 | | | | $ | 370 | | | | $ | 574 | | | | $ | 682 | | | | | 40% | | | ||||||||||
Business Unit Adj. EBITDA | | | $ | 670 | | | | $ | 698 | | | | $ | 803 | | | | $ | 783 | | | | | 102% | | | ||||||||||||||||||||||||||||||||||||
ESG Diversity Metric | | | | 1.1% | | | | | 1.5% | | | | | 2.3% | | | | | 0.6% | | | | | 0% | | | ||||||||||||||||||||||||||||||||||||
ESG Emissions Metric | | | | 4 | | | | | 5 | | | | | 7 | | | | | 7 | | | | | 9% | | | ||||||||||||||||||||||||||||||||||||
Opteon™ Variable Contribution | | | | 390 | | | | | 501 | | | | | 615 | | | | | 490 | | | | | 30% | | | ||||||||||||||||||||||||||||||||||||
Business Unit Free Cash Flow | | | $ | 390 | | | | $ | 429 | | | | $ | 560 | | | | $ | 463 | | | | | 24% | | | | | $ | 283 | | | | $ | 347 | | | | $ | 427 | | | | $ | 408 | | | | | 61% | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | 140% | | |
Measure | | | Threshold(1) | | | Target | | | Maximum(2) | | | Actual | | | Weighted Funding Result | | |||||||||||||||
Corporate Free Cash Flow | | | | $ | 275 | | | | | $ | 370 | | | | | $ | 574 | | | | | $ | 682 | | | | | | 40% | | |
ESG Diversity Metric | | | | | 1.1% | | | | | | 1.5% | | | | | | 2.3% | | | | | | 0.6% | | | | | | 0% | | |
ESG Emissions Metric | | | | | 4 | | | | | | 5 | | | | | | 7 | | | | | | 7 | | | | | | 9% | | |
Business Unit Revenue | | | | $ | 1,110 | | | | | $ | 1,224 | | | | | $ | ,342 | | | | | $ | 1,397 | | | | | | 50% | | |
Business Unit Adjusted EBITDA | | | | $ | 176 | | | | | $ | 226 | | | | | $ | 278 | | | | | $ | 261 | | | | | | 33% | | |
Business Unit Free Cash Flow | | | | $ | 66 | | | | | $ | 82 | | | | | $ | 100 | | | | | $ | 153 | | | | | | 40% | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 172% | | |
Measure | | | Threshold(1) | | | Target | | | Maximum(2) | | | Actual | | | Weighted Funding Result | | |||||||||||||||
Corporate Free Cash Flow | | | | $ | 275 | | | | | $ | 370 | | | | | $ | 574 | | | | | $ | 682 | | | | | | 40% | | |
ESG Diversity Metric | | | | | 1.1% | | | | | | 1.5% | | | | | | 2.3% | | | | | | 0.6% | | | | | | 0% | | |
ESG Emissions Metric | | | | | 4 | | | | | | 5 | | | | | | 7 | | | | | | 7 | | | | | | 9% | | |
Business Unit Adjusted EBITDA | | | | $ | 10 | | | | | $ | 12 | | | | | $ | 15 | | | | | $ | 13 | | | | | | 54% | | |
Business Unit Free Cash Flow | | | | $ | 7 | | | | | $ | 9 | | | | | $ | 11 | | | | | $ | 9 | | | | | | 23% | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 127% | | |
NEO | | | Annual Incentive Target (as % of Base Salary) | | | Annual Incentive Target ($) | | | Annual Incentive Actual ($) | | |||||||||
Mark Vergnano | | | | | 130% | | | | | $ | 1,365,000 | | | | | $ | 1,000,545 | | |
Mark Newman | | | | | 80% | | | | | $ | 472,976 | | | | | $ | 346,691 | | |
Paul Kirsch | | | | | 75% | | | | | $ | 412,500 | | | | | $ | 592,350 | | |
Bryan Snell | | | | | 75% | | | | | $ | 412,500 | | | | | $ | 75,488 | | |
David Shelton | | | | | 70% | | | | | $ | 332,500 | | | | | $ | 243,723 | | |
NEO | | | Bonus Target as of December 31, 2021 | | | Base Salary as of December 31, 2021 | | | Actual Annual Incentive | | |||||||||
Mark Newman(1) | | | | | 120% | | | | | $ | 975,000 | | | | | $ | 1,611,000 | | |
Mark Vergnano(2) | | | | | 130% | | | | | $ | 1,050,000 | | | | | $ | 1,221,675 | | |
Sameer Ralhan | | | | | 80% | | | | | $ | 625,000 | | | | | $ | 895,000 | | |
David Shelton | | | | | 70% | | | | | $ | 500,000 | | | | | $ | 626,500 | | |
Edwin Sparks | | | | | 75% | | | | | $ | 550,000 | | | | | $ | 734,250 | | |
Susan Kelliher | | | | | 65% | | | | | $ | 425,000 | | | | | $ | 494,488 | | |
Bryan Snell(3) | | | | | 75% | | | | | $ | 550,000 | | | | | $ | 206,250 | | |
NEO | | | 2017 Long Term Incentive Target | | | 2018 Long Term Incentive Target | | ||||||
Mark Vergnano | | | | $ | 5,500,000 | | | | | $ | 5,500,000 | | |
Mark Newman | | | | $ | 1,200,000 | | | | | $ | 1,200,000 | | |
Paul Kirsch | | | | $ | 900,000 | | | | | $ | 900,000 | | |
Bryan Snell | | | | $ | 900,000 | | | | | $ | 900,000 | | |
David Shelton | | | | $ | 750,000 | | | | | $ | 850,000 | | |
NEO | | | Long Term Incentive Target as of December 31, 2020 | | | Long Term Incentive Target as of December 31, 2021 | | ||||||
Sameer Ralhan | | | | $ | 1,000,000 | | | | | $ | 1,200,000 | | |
David Shelton | | | | $ | 950,000 | | | | | $ | 950,000 | | |
Edwin Sparks | | | | $ | 800,000 | | | | | $ | 900,000 | | |
Susan Kelliher | | | | $ | 700,000 | | | | | $ | 700,000 | | |
Bryan Snell(1) | | | | $ | 900,000 | | | | | $ | 900,000 | | |
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 FY2021 – FY2023 | | | | | 50% | | | | Average FY2021 – FY2023 | | | | | 50% | | |
Relative TSR | | | <25th percentile | | | 25th to 75th percentile | | | >75th percentile | | ||||||
Applied Modifier | | | | | 0.75 | | | | 1.00 (No Adjustment) | | | | | 1.25 | | |
TSR Modifier | | | <P25 | | | >=P25 to <P40 | | | >=P40 to <P60 | | | >=P60 to <=P75 | | | >P75 | | |||||||||||||||
Relative TSR to Peer Group | | | | | 0.5 | | | | | | 0.75 | | | | | | 1 | | | | | | 1.25 | | | | | | 1.5 | | |
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) | | | 2021 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 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
Mark Newman | | | $ | 1,200,026 | | | | $ | 720,040 | | | | | 14,837 | | | | $ | 479,986 | | | | | 23,357 | | | | | $ | 1,500,000 | | | | $ | 49,976 | | | | | 31,236 | | | | $ | 49,990 | | | | | 6,247 | | | | $ | 599,993 | | | | | 61,349 | | | ||||||||||||
Paul Kirsch | | | $ | 900,037 | | | | $ | 540,042 | | | | | 11,128 | | | | $ | 359,995 | | | | | 17,518 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
Bryan Snell | | | $ | 900,037 | | | | $ | 540,042 | | | | | 11,128 | | | | $ | 359,995 | | | | | 17,518 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
July 1(3) | | | $ | 1,400,000 | | | | $ | 699,980 | | | | | 19,740 | | | | $ | 139,996 | | | | | 3,948 | | | | $ | 559,993 | | | | | 34,696 | | | ||||||||||||||||||||||||||||||||||||||
Mark Vergnano(4) | | | $ | 6,600,000 | | | | $ | 2,799,998 | | | | | 116,618 | | | | $ | 1,559,978 | | | | | 64,972 | | | | $ | 2,239,992 | | | | | 229,038 | | | ||||||||||||||||||||||||||||||||||||||
Sameer Ralhan | | | $ | 1,200,000 | | | | $ | 599,986 | | | | | 24,989 | | | | $ | 119,978 | | | | | 4,997 | | | | $ | 479,993 | | | | | 49,079 | | | ||||||||||||||||||||||||||||||||||||||
David Shelton | | | $ | 850,002 | | | | $ | 510,002 | | | | | 10,509 | | | | $ | 340,000 | | | | | 16,545 | | | | | $ | 1,450,000 | | | | $ | 474,990 | | | | | 19,783 | | | | $ | 594,968 | | | | | 24,780 | | | | $ | 379,992 | | | | | 38,854 | | | ||||||||||||
Edwin Sparks | | | $ | 900,000 | | | | $ | 449,995 | | | | | 18,742 | | | | $ | 89,989 | | | | | 3,748 | | | | $ | 359,992 | | | | | 36,809 | | | ||||||||||||||||||||||||||||||||||||||
Susan Kelliher | | | $ | 700,000 | | | | $ | 349,994 | | | | | 14,577 | | | | $ | 69,989 | | | | | 2,915 | | | | $ | 279,992 | | | | | 28,629 | | | ||||||||||||||||||||||||||||||||||||||
Bryan Snell(6) | | | $ | 1,190,000 | | | | $ | 449,995 | | | | | 18,742 | | | | $ | 89,989 | | | | | 3,748 | | | | $ | 649,989 | | | | | 66,461 | | |
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% | | |
Metric | | | Metric Weight | | | 2019 Actual | | | 2020 Actual | | | 2021 Actual | | | Cumulative | | | % Attainment | | | Achievement with Pay Curve Applied | | |||||||||||||||||||||
Adj. Net Income | | | | | 50% | | | | | | 419 | | | | | | 328 | | | | | | 691 | | | | | | 1,438 | | | | | | 0% | | | | | | 0% | | |
FCF Conversion | | | | ��� | 50% | | | | | | 16.70% | | | | | | 61.50% | | | | | | 51.20% | | | | | | 43.10% | | | | | | 100% | | | | | | 200% | | |
Weighted Outcome | | | | | 100% | | |
Modifier | | | Min | | | Target | | | Max | | | Result | | | Modifier | | ||||||||||||
Relative TSR to Peer Group | | | | | <P25 | | | | | | P25 – P75 | | | | | | >P75 | | | | 100th Percentile | | | | | 1.25 | | |
| | | 0.75 | | | | | | 1.00 | | | | | | 1.25 | | |
<P25 | | | >=P25 to <P40 | | | >=P40 to <P60 | | | >=P60 to <=P75 | | | >P75 | | | Achievement | | |||||||||||||||
0.5 | | | | | 0.75 | | | | | | 1 | | | | | | 1.25 | | | | | | 1.5 | | | | | | 12% | | |
| | | | | | | | |
| Air Products & Chemicals Inc. | | | Eastman Chemical | | | The Sherwin-Williams Company | |
| Albemarle Corporation | | | | | | ||
| Ashland Global Holdings Inc. | | | | | Tronox Holdings Plc | | |
| Avient Corporation(1) | | | Olin Corporation | | | Venator Materials Plc | |
| Axalta Coating Systems Ltd | | | PPG Industries Inc. | | | ||
| ||||||||
| Celanese Corporation | | | |||||
RPM International | | | | |
NEO | | | Shared Granted in 2019 | | | Achievement | | | Earned Share Award (excl. dividend shares) | | ||||||
Mark Newman | | | | | 34,176 | | | | 50% | | | | | 17,088 | | |
Mark Vergnano(1) | | | | | 88,374 | | | | 50% | | | | | 44,187 | | |
Sameer Ralhan | | | | | 20,820 | | | | 50% | | | | | 10,410 | | |
Edwin Sparks | | | | | 16,086 | | | | 50% | | | | | 8,043 | | |
David Shelton | | | | | 14,992 | | | | 50% | | | | | 7,496 | | |
Susan Kelliher | | | | | 9,468 | | | | 50% | | | | | 4,734 | | |
Bryan Snell(2) | | | | | 14,203 | | | | 50% | | | | | 5,771 | | |
NEO | | | Target # of PSUs Granted | | | Payout % | | | # of PSUs Earned | | ||||||
Mark Vergnano | | | | | 310,672 | | | | 200% | | | | | 621,344 | | |
Mark Newman | | | | | 94,862 | | | | 200% | | | | | 189,724 | | |
Paul Kirsch | | | | | 40,910 | | | | 200% | | | | | 81,820 | | |
Bryan Snell | | | | | 63,242 | | | | 200% | | | | | 126,484 | | |
David Shelton | | | | | 47,431 | | | | 200% | | | | | 94,862 | | |
Multiple of Base Salary | | | | ||||
CEO | | | | | 5.0x | | |
Other NEOs | | | | | 3.0x | | |
Element | | Median Employee | | CEO | | | Median Employee | | CEO(4) | | ||||||||||||||||
Salary (includes Overtime)(1) | | | $ | 93,295 | | | | $ | 1,041,667 | | | | | $ | 96,471 | | | | $ | 837,500 | | | ||||
Stock Awards | | | $ | 0 | | | | $ | 3,559,120 | | | | | $ | 0 | | | | $ | 1,879,997 | | | ||||
Option Awards | | | $ | 0 | | | | $ | 2,199,980 | | | | | $ | 0 | | | | $ | 1,159,987 | | | ||||
Non-Equity Incentive Plan Compensation/Bonus(2) | | | $ | 2,706 | | | | $ | 1,000,545 | | | | | $ | 6,780 | | | | $ | 1,611,000 | | | ||||
Change in Pension Value | | | $ | 0 | | | | $ | 0 | | | | | $ | 0 | | | | $ | 0 | | | ||||
All Other Compensation(3) | | | $ | 10,806 | | | | $ | 275,417 | | | | | $ | 5,897 | | | | $ | 49,185 | | | ||||
Summary Compensation Table Totals | | | $ | 106,807 | | | | $ | 8,076,729 | | | | | $ | 109,148 | | | | $ | 5,537,669 | | | ||||
CEO Pay Ratio | | 76:1 | | | 51:1 | | ||||||||||||||||||||
| |
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 Newman President and Chief Executive Officer (July – December) | | | | | 2021 | | | | | 837,500 | | | | | | | 1,879,997 | | | | | 1,159,987 | | | | | 1,611,000 | | | | | 49,185 | | | | | 5,537.669 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 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 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mark Vergnano President and Chief Executive Officer (retired July 2021) | | | | | 2021 | | | | | 528,977 | | | | | | | 4,816,342 | | | | | 2,239,992 | | | | | 1,221,675 | | | | | 205,900 | | | | | 9,012,886 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 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 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sameer Ralhan Senior Vice President, Chief Financial Officer | | | | | 2021 | | | | | 616,667 | | | | | | | 786,684 | | | | | 479,993 | | | | | 895,000 | | | | | 38,400 | | | | | 2,816,744 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 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 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
David Shelton Senior Vice President, General Counsel and Corporate Secretary | | | | | 2021 | | | | | 500,000 | | | | | | | 1,122,778 | | | | | 379,992 | | | | | 626,500 | | | | | 44,400 | | | | | 2,673,670 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 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 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Edwin Sparks President, Titanium Technologies and Chemical Solutions (March – December) | | | | | 2021 | | | | | 546,058 | | | | | | | 590,026 | | | | | 359,992 | | | | | 734,250 | | | | | 41,521 | | | | | 2,271,847 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 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 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Susan Kelliher Senior Vice President, People | | | | | 2021 | | | | | 425,000 | | | | | | | 458,904 | | | | | 279,992 | | | | | 494,488 | | | | | 36,233 | | | | | 1,694,617 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2019 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bryan Snell President Titanium Technologies (retired July 2021) | | | | | 2021 | | | | | 279,167 | | | | | | | 590,026 | | | | | 649,989 | | | | | 206,250 | | | | | 345,473 | | | | | 2,070,905 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2020 | | | | | 539,423 | | | | | | | 641,413 | | | | | 359,997 | | | | | 259,834 | | | | | 53,943 | | | | | 1,854,610 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2019 | | | | | 539,423 | | | | | | | 686,857 | | | | | 359,998 | | | | | 103,125 | | | | | 60,082 | | | | | 1,749,485 | | |
Name | | | Company Contributions to Qualified Defined Contribution Plan ($) | | | Company Contribution to Nonqualified Defined Contribution Plan ($) | | | Financial Planning/ Income Tax Preparation ($) | | |||||||||
Mark Vergnano | | | | | 24,750 | | | | | | 235,667 | | | | | | 15,000 | | |
Mark Newman | | | | | 11,412 | | | | | | 75,730 | | | | | | 13,448 | | |
Paul Kirsch | | | | | 11,000 | | | | | | 0 | | | | | | 15,000 | | |
Bryan Snell | | | | | 29,527 | | | | | | 71,167 | | | | | | 15,000 | | |
David Shelton | | | | | 35,750 | | | | | | 95,150 | | | | | | 15,000 | | |
Name | | | Company Contributions to Qualified Defined Contribution Plan ($) | | | Company Contribution to Nonqualified Defined Contribution Plan ($) | | | Financial Planning/ Income Tax Preparation ($) | | | Separation Agreements ($) | | ||||||||||||
Mark Newman | | | | | 18,400 | | | | | | 16,750 | | | | | | 14,035 | | | | | | | | |
Mark Vergnano | | | | | 20,400 | | | | | | 10,500 | | | | | | 15,000 | | | | | | | | |
Sameer Ralhan | | | | | 18,400 | | | | | | 12,500 | | | | | | 7,500 | | | | | | | | |
David Shelton | | | | | 19,400 | | | | | | 10,000 | | | | | | 15,000 | | | | | | | | |
Edwin Sparks | | | | | 19,400 | | | | | | 10,764 | | | | | | 11,357 | | | | | | | | |
Susan Kelliher | | | | | 18,400 | | | | | | 2,833 | | | | | | 15,000 | | | | | | | | |
Bryan Snell | | | | | 20,400 | | | | | | 3,690 | | | | | | — | | | | | | 321,383 | | |
| | | | | | | | | | | | | | | 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 Newman | | 2021 AIP | | | | | | 450,000 | | 900,000 | | 1,732,500 | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Stock Options | | 3/1/21 | | 2/10/21 | | | | | | | | | | | | | | | | 61,349 | | 24.01 | | 599,993 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Stock Options | | 7/1/21 | | 6/2/21 | | | | | | | | | | | | | | | | 34,696 | | 35.46 | | 559,993 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | PSU | | 3/1/21 | | 2/10/21 | | | | | | | | 15,618 | | 31,236 | | 78,090 | | | | | | | | 833,376 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | PSU | | 7/1/21 | | 6/2/21 | | | | | | | | 9,870 | | 19,740 | | 49,350 | | | | | | | | 756,634 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | RSU | | 3/1/21 | | 2/10/21 | | | | | | | | | | | | | | 6,247 | | | | | | 149,990 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | RSU | | 7/1/21 | | 6/2/21 | | | | | | | | | | | | | | 3,948 | | | | | | 139,996 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mark Vergnano | | | | | | | | | | | | | 2018 AIP | | | | 682,500 | | | | | 1,365,000 | | | | | 2,730,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2021 AIP | | | | | | 341,250 | | 682,500 | | 1,313,813 | | | | | | | | | | | | | | | | ||||||||||||||||||||||||
| | | 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) | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Mark Newman | | | | | | | | | | | | | 2018 AIP | | | | 236,488 | | | | | 472,976 | | | | | 945,952 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 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 | | 3/1/21 | | 2/10/21 | | | | | | | | | | | | | | | | 229,038 | | 24.01 | | 2,239,992 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | PSU | | 3/1/21 | | 2/10/21 | | | | | | | | 58,309 | | 116,618 | | 291,545 | | | | | | | | 3,111,368 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | RSU | | 3/1/21 | | 2/10/21 | | | | | | | | | | | | | | 64,972 | | | | | | 1,559,978 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sameer Ralhan | | 2021 AIP | | | | | | 250,000 | | 500,000 | | 962,500 | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Stock Options | | 3/1/21 | | 2/10/21 | | | | | | | | | | | | | | | | 49,079 | | 24.01 | | 479,993 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | PSU | | 3/1/21 | | 2/10/21 | | | | | | | | 12,495 | | 24,989 | | 62,473 | | | | | | | | 666,707 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | RSU | | 3/1/21 | | 2/10/21 | | | | | | | | | | | | | | 4,997 | | | | | | 119,978 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
David Shelton | | | | | | | | | | | | | 2018 AIP | | | | 166,250 | | | | | 332,500 | | | | | 665,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2021 AIP | | | | | | 175,000 | | 350,000 | | 673,750 | | | | | | | | | | | | | | | | ||||||||||||||||||||||||
| | | 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 | | 3/1/21 | | 2/10/21 | | | | | | | | | | | | | | | | 38,854 | | 24.01 | | 379,992 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | PSU | | 3/1/21 | | 2/10/21 | | | | | | | | 9,892 | | 19,783 | | 49,458 | | | | | | | | 527,810 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | RSU | | 3/1/21 | | 2/10/21 | | | | | | | | | | | | | | 24,780 | | | | | | 594,968 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Edwin Sparks | | 2021 AIP | | | | | | 206,250 | | 412,500 | | 794,063 | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Stock Options | | 3/1/21 | | 2/10/21 | | | | | | | | | | | | | | | | 36,809 | | 24.01 | | 359,992 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | PSU | | 3/1/21 | | 2/10/21 | | | | | | | | 9,371 | | 18,742 | | 46,855 | | | | | | | | 500,037 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | RSU | | 3/1/21 | | 2/10/21 | | | | | | | | | | | | | | 3,748 | | | | | | 89,989 | |
| | | | | | | | | | | | 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 | | | Type of award | | | Grant Date | | | Approval Date | | | Threshold ($) | | | Target ($) | | | Maximum ($) | | | Threshold (#) | | | Target (#) | | | Maximum (#) | | ||||||||||||
Susan Kelliher | | | 2021 AIP | | | | | | | | | 138,125 | | | 276,250 | | | 531,781 | | | | | | | | | | | | | | | | | | | | | | |
| | | Stock Options | | | 3/1/21 | | | 2/10/21 | | | | | | | | | | | | | | | | | | | | | | | | 28,629 | | | 24.01 | | | 279,992 | |
| | | PSU | | | 3/1/21 | | | 2/10/21 | | | | | | | | | | | | 7,289 | | | 14,577 | | | 36,443 | | | | | | | | | | | | 388,914 | |
| | | RSU | | | 3/1/21 | | | 2/10/21 | | | | | | | | | | | | | | | | | | | | | 2,915 | | | | | | | | | 69,989 | |
Bryan Snell | | | 2021 AIP | | | | | | | | | 103,125 | | | 206,250 | | | 397,031 | | | | | | | | | | | | | | | | | | | | | | |
| | | Stock Options | | | 3/1/21 | | | 2/10/21 | | | | | | | | | | | | | | | | | | | | | | | | 66,461 | | | — | | | 649,989 | |
| | | PSU | | | 3/1/21 | | | 2/10/21 | | | | | | | | | | | | 9,371 | | | 18,742 | | | 46,855 | | | | | | | | | | | | 500,037 | |
| | | RSU | | | 3/1/21 | | | 2/10/21 | | | | | | | | | | | | | | | | | | | | | 3,748 | | | | | | | | | 89,989 | |
| | Option Awards | | Stock Awards | | | | | | | | | Option Awards | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | Number of Securities Underlying Unexercised Options(1) | | | | | | | | | | | | | | Shares or Units of Stock that Have Not Vested(2) | | Equity Incentive Plan Awards: Unearned Shares, Units or Other Rights that Have Not Vested(3) | | | | | | | | | Number of Securities Underlying Unexercised Options(1) | | Shares or Units of Stock that Have Not Vested(2) | | Equity Incentive Plan Awards: Unearned Shares, Units or Other Rights that Have Not Vested(3) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Name | | Grant Date | | Exercisable (#) | | Unexercisable (#) | | Option Exercise Price ($) | | 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 Newman | | | | 7/1/2021 | | | | | — | | | | | 34,696 | | | | | 35.46 | | | | | 7/1/2031 | | | | | 3,948 | | | | | 132,495 | | | | | 19,740 | | | | | 662,474 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2021 | | | | | — | | | | | 61,349 | | | | | 24.01 | | | | | 3/1/2031 | | | | | 6,247 | | | | | 209,649 | | | | | 31,236 | | | | | 1,048,280 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/2/2020 | | | | | 53,476 | | | | | 106,951 | | | | | 14.43 | | | | | 3/2/2030 | | | | | | | | | | | | | | | 155,925 | | | | | 5,232,843 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 6/3/2019 | | | | | — | | | | | 29,717 | | | | | 21.96 | | | | | 6/3/2029 | | | | | 6,830 | | | | | 229,215 | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2019 | | | | | 24,157 | | | | | 12,079 | | | | | 38.02 | | | | | 3/1/2029 | | | | | 10,257 | | | | | 344,225 | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2018 | | | | | 23,357 | | | | | — | | | | | 48.53 | | | | | 3/1/2028 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 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 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mark Vergnano | | | | | 3/1/2018 | | | | | | | | | | 107,055 | | | | | 48.53 | | | | | 3/1/2028 | | | | | | | | | | | | | | | 136,000 | | | | | 3,837,920 | | | | | | 3/1/2021 | | | | | — | | | | | 229,038 | | | | | 24.01 | | | | | 7/1/2024 | | | | | 64,972 | | | | | 2,180,460 | | | | | 38,801 | | | | | 1,302,162 | | | |||||||||||||||||
| | | 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 | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mark Newman | | | | | 3/1/2018 | | | | | | | | | | 23,357 | | | | | 48.53 | | | | | 3/1/2028 | | | | | | | | | | | | | | | 29,674 | | | | | 837,400 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 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 | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
David Shelton | | | | | 3/1/2018 | | | | | | | | | | 16,545 | | | | | 48.53 | | | | | 3/1/2028 | | | | | | | | | | | | | | | 21,018 | | | | | 593,128 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 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 | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/2/2020 | | | | | 199,644 | | | | | 399,286 | | | ��� | | | 14.43 | | | | | 7/1/2024 | | | | | | | | | | | | | | | 388,080 | | | | | 13,023,965 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2019 | | | | | 104,065 | | | | | 52,032 | | | | | 38.02 | | | | | 7/1/2024 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2018 | | | | | 107,055 | | | | | — | | | | | 48.53 | | | | | 7/1/2024 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2017 | | | | | 145,118 | | | | | — | | | | | 34.72 | | | | | 7/1/2024 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/1/2016 | | | | | 543,944 | | | | | — | | | | | 5.40 | | | | | 7/1/2024 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 7/6/2015 | | | | | 331,231 | | | | | — | | | | | 16.04 | | | | | 7/5/2025 | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | 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) | | |||||||||||||||||||||||||||||||||||||||
Name | | | Grant Date | | | Exercisable (#) | | | Unexercisable (#) | | | Option Exercise Price ($) | | | Option Expiration Date | | | Number (#) | | | Market Value ($) | | | Number (#) | | | Market or Payout Value ($) | | |||||||||||||||||||||||||||
Sameer Ralhan | | | | | 3/1/2021 | | | | | | — | | | | | | 49,079 | | | | | | 24.01 | | | | | | 3/1/2031 | | | | | | 4,997 | | | | | | 167,699 | | | | | | 24,989 | | | | | | 838,631 | | |
| | | | | 12/1/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 39,510 | | | | | | 1,325,956 | | | | | | | | | | | | | | |
| | | | | 3/2/2020 | | | | | | 35,651 | | | | | | 71,300 | | | | | | 14.43 | | | | | | 3/2/2030 | | | | | | | | | | | | | | | | | | 103,950 | | | | | | 3,488,562 | | ��� |
| | | | | 6/3/2019 | | | | | | — | | | | | | 17,830 | | | | | | 21.96 | | | | | | 6/3/2029 | | | | | | 4,098 | | | | | | 137,529 | | | | | | | | | | | | | | |
| | | | | 3/1/2019 | | | | | | 14,866 | | | | | | 7,433 | | | | | | 38.02 | | | | | | 3/1/2029 | | | | | | 6,312 | | | | | | 211,831 | | | | | | | | | | | | | | |
| | | | | 3/1/2018 | | | | | | 4,866 | | | | | | — | | | | | | 48.53 | | | | | | 3/1/2028 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | 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 | | | | | | | | | | | | | | | | | | | | | | | | | | |
David Shelton | | | | | 3/1/2021 | | | | | | — | | | | | | 38,854 | | | | | | 24.01 | | | | | | 3/1/2031 | | | | | | 24,780 | | | | | | 831,617 | | | | | | 19,783 | | | | | | 663,917 | | |
| | | | | 3/2/2020 | | | | | | 33,868 | | | | | | 67,736 | | | | | | 14.43 | | | | | | 3/2/2030 | | | | | | | | | | | | | | | | | | 98,752 | | | | | | 3,314,117 | | |
| | | | | 3/1/2019 | | | | | | 17,653 | | | | | | 8,827 | | | | | | 38.02 | | | | | | 3/1/2029 | | | | | | 7,496 | | | | | | 251,566 | | | | | | | | | | | | | | |
| | | | | 3/1/2018 | | | | | | 16,545 | | | | | | — | | | | | | 48.53 | | | | | | 3/1/2028 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | 3/1/2017 | | | | | | 19,788 | | | | | | — | | | | | | 34.72 | | | | | | 3/1/2027 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | 3/1/2016 | | | | | | 83,044 | | | | | | — | | | | | | 5.40 | | | | | | 3/1/2026 | | | | | | | | | | | | | | | | | | | | | | | | | | |
Edwin Sparks | | | | | 3/1/2021 | | | | | | — | | | | | | 36,809 | | | | | | 24.01 | | | | | | 3/1/2031 | | | | | | 3,748 | | | | | | 125,783 | | | | | | 18,742 | | | | | | 628,982 | | |
| | | | | 12/1/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 39,510 | | | | | | 1,325,956 | | | | | | | | | | | | | | |
| | | | | 3/2/2020 | | | | | | — | | | | | | 57,040 | | | | | | 14.43 | | | | | | 3/2/2030 | | | | | | 34,650 | | | | | | 1,162,854 | | | | | | 83,160 | | | | | | 2,790,850 | | |
| | | | | 6/3/2019 | | | | | | — | | | | | | 17,830 | | | | | | 21.96 | | | | | | 6/3/2029 | | | | | | 4,098 | | | | | | 137,529 | | | | | | | | | | | | | | |
| | | | | 3/1/2019 | | | | | | 9,291 | | | | | | 4,646 | | | | | | 38.02 | | | | | | 3/1/2029 | | | | | | 3,945 | | | | | | 132,394 | | | | | | | | | | | | | | |
| | | | | 3/1/2018 | | | | | | 5,352 | | | | | | — | | | | | | 48.53 | | | | | | 3/1/2028 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | 3/1/2017 | | | | | | 4,312 | | | | | | — | | | | | | 34.72 | | | | | | 3/1/2027 | | | | | | | | | | | | | | | | | | | | | | | | | | |
Susan Kelliher | | | | | 3/1/2021 | | | | | | — | | | | | | 28,629 | | | | | | 24.01 | | | | | | 3/1/2031 | | | | | | 2,915 | | | | | | 97,827 | | | | | | 14,577 | | | | | | 489,204 | | |
| | | | | 12/1/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 19,755 | | | | | | 662,978 | | | | | | | | | | | | | | |
| | | | | 3/2/2020 | | | | | | 24,956 | | | | | | 49,910 | | | | | | 14.43 | | | | | | 3/2/2030 | | | | | | | | | | | | | | | | | | 72,765 | | | | | | 2,441,993 | | |
| | | | | 3/1/2019 | | | | | | 11,149 | | | | | | 5,575 | | | | | | 38.02 | | | | | | 3/1/2029 | | | | | | 4,734 | | | | | | 158,873 | | | | | | | | | | | | | | |
| | | | | 3/1/2018 | | | | | | 9,732 | | | | | | — | | | | | | 48.53 | | | | | | 3/1/2028 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | 6/1/2017 | | | | | | 8,864 | | | | | | — | | | | | | 41.51 | | | | | | 6/1/2027 | | | | | | | | | | | | | | | | | | | | | | | | | | |
Bryan Snell | | | | | 3/1/2021 | | | | | | — | | | | | | 66,461 | | | | | | 24.01 | | | | | | 7/2/2024 | | | | | | 3,748 | | | | | | 125,783 | | | | | | 3,012 | | | | | | 101,083 | | |
| | | | | 3/2/2020 | | | | | | 32,086 | | | | | | 64,170 | | | | | | 14.43 | | | | | | 7/2/2024 | | | | | | | | | | | | | | | | | | 44,272 | | | | | | 1,485,768 | | |
| | | | | 3/1/2019 | | | | | | 16,725 | | | | | | 8,362 | | | | | | 38.02 | | | | | | 7/2/2024 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | 3/1/2018 | | | | | | 17,518 | | | | | | — | | | | | | 48.53 | | | | | | 7/2/2024 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | 3/1/2017 | | | | | | 23,746 | | | | | | — | | | | | | 34.72 | | | | | | 7/2/2024 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | 3/1/2016 | | | | | | 110,726 | | | | | | — | | | | | | 5.40 | | | | | | 7/2/2024 | | | | | | | | | | | | | | | | | | | | | | | | | | |
Grant Date | | | Outstanding Vesting Dates | |
| | Vests in equal installments on March 1, | | |
3/1/ | | | Vests in equal installments on March 1, | |
3/2/2020 | | | Vests in equal installments on March 2, 2022 and 2023 | |
6/3/2019 | | | Vests on June 3, 2022 | |
3/1/ | | | Balance vests on March 1, | |
|
Grant Date | | | Outstanding Vesting Dates | |
| | Vests in equal installments on March 1, 2022, 2023 and 2024 | | |
3/1/2021 | | | Vests in equal installments on March 1, 2022, 2023 and 2024 | |
12/1/2020 | | | RSUs with vesting date of | |
3/2/2020 | | | RSUs with vesting date of March 2, 2023 | |
6/ | | | PSUs where the performance period ended on December 31, | |
3/1/ | | | PSUs where the performance period ended on December 31, | |
Grant Date | | | Outstanding Vesting Dates | |
3/1/ | | | Performance period ending December 31, | |
3/2/2020 | | | Performance period ending December 31, 2022. The number of PSUs reported is based on achievement of maximum performance. | |
|
| | 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 | | | |||||||||||||||||||||||||||||
Mark Newman | | | | 40,000 | | | | | 1,262,023 | | | | | 67,982 | | | | | 3,211,385 | | | | | | 67,675 | | | | | 946,754 | | | | | 2,868 | | | | | 74,970 | | | ||||||||
Paul Kirsch | | | | 13,770 | | | | | 567,509 | | | | | 32,991 | | | | | 1,626,809 | | | |||||||||||||||||||||||||||||
Bryan Snell | | | | | | | | | | | | | | 173,997 | | | | | 5,731,244 | | | |||||||||||||||||||||||||||||
Mark Vergnano(3) | | | | 198,121 | | | | | 2,771,207 | | | | | 50,564 | | | | | 1,696,928 | | | |||||||||||||||||||||||||||||
Sameer Ralhan | | | | 34,457 | | | | | 480,191 | | | | | 597 | | | | | 15,606 | | | |||||||||||||||||||||||||||||
David Shelton | | | | | | | | | | | | | | 129,993 | | | | | 4,273,618 | | | | | | 19,640 | | | | | 273,056 | | | | | 2,031 | | | | | 53,090 | | | ||||||||
Edwin Sparks | | | | 28,521 | | | | | 618,087 | | | | | 657 | | | | | 17,174 | | | |||||||||||||||||||||||||||||
Susan Kelliher | | | | — | | | | | — | | | | | 1,195 | | | | | 31,237 | | | |||||||||||||||||||||||||||||
Bryan Snell(3) | | | | 37,902 | | | | | 653,097 | | | | | 6,776 | | | | | 227,386 | | |
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 ($) | | Aggregate Balance at Last Fiscal Year-End ($) | | |||||||||||||||||||||||||||||||||||||
Mark Vergnano | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||
RSRP | | | | 202,000 | | | | | 235,667 | | | | | 20,441 | | | | | | 1,042,432 | | | |||||||||||||||||||||||||||||||||||||
MDCP | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||
Mark Newman | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||
RSRP | | | | 75,730 | | | | | 75,730 | | | | | (16,920) | | | | | | 281,818 | | | | | | 66,288 | | | | | 66,288 | | | | | 83,216 | | | | | | | | | | 734,866 | | | |||||||||||
MDCP | | | | 183,278 | | | | | | | | | | (7,361) | | | | | | 473,920 | | | | | | 83,595 | | | | | | | | | | 85,343 | | | | | -45,175 | | | | | 928,573 | | | |||||||||||
Paul Kirsch | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||
Mark Vergnano | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||
RSRP | | | | 86,549 | | | | | 86,549 | | | | | 24,520 | | | | | | | | | | 1,593,558 | | | |||||||||||||||||||||||||||||||||
Sameer Ralhan | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||
RSRP | | | | 44,015 | | | | | 44,015 | | | | | 96,908 | | | | | | | | | | 522,199 | | | |||||||||||||||||||||||||||||||||
David Shelton | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||
RSRP | | | | 31,177 | | | | | 31,177 | | | | | 92,368 | | | | | | | | | | 667,421 | | | |||||||||||||||||||||||||||||||||
MDCP | | | | 125,000 | | | | | | | | | | 49,814 | | | | | | | | | | 549,072 | | | |||||||||||||||||||||||||||||||||
Edwin Sparks | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||
RSRP | | | | 35,040 | | | | | 35,040 | | | | | 30,483 | | | | | | | | | | 309,782 | | | |||||||||||||||||||||||||||||||||
MDCP | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||
Susan Kelliher | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||
RSRP | | | | | | | | | | | | | | | | | | | | | | | | | | 7,587 | | | | | 7,587 | | | | | 20,229 | | | | | | | | | | 172,051 | | | |||||||||||
MDCP | | | | 27,500 | | | | | | | | | | (2,252) | | | | | | 25,248 | | | | | | 146,623 | | | | | | | | | | 31,331 | | | | | | | | | | 333,020 | | | |||||||||||
Bryan Snell | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||
RSRP | | | | 61,000 | | | | | 71,167 | | | | | (15,055) | | | | | | 279,421 | | | | | | 3,690 | | | | | 3,690 | | | | | 56,421 | | | | | | | | | | 536,243 | | | |||||||||||
MDCP | | | | 300,000 | | | | | | | | | | 5,377 | | | | | | 305,718 | | | | | | | | | | | | | | | | 5,145 | | | | | | | | | | 325,498 | | | |||||||||||
David Shelton | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||
RSRP | | | | 51,900 | | | | | 95,150 | | | | | (16,400) | | | | | | 288,256 | | | |||||||||||||||||||||||||||||||||||||
MDCP | | | | | | | | | | | | | | 2,006 | | | | | | 87,846 | | |
| | | RSRP | | | MDCP | | | TOTAL | | |||||||||
Mark Vergnano | | | | | 1,449,728 | | | | | | — | | | | | | 1,449,728 | | |
Mark Newman | | | | | 493,221 | | | | | | 773,105 | | | | | | 1,266,326 | | |
Sameer Ralhan | | | | | 116,252 | | �� | | | | — | | | | | | 116,252 | | |
David Shelton | | | | | 328,870 | | | | | | — | | | | | | 328,870 | | |
Edwin Sparks | | | | | 114,525 | | | | | | — | | | | | | 114,525 | | |
Name | | | RSRP ($) | | | MDCP ($) | | | Total ($) | | |||||||||
Mark Vergnano | | | | | 727,712 | | | | | | | | | | | | 727,712 | | |
Mark Newman | | | | | 185,638 | | | | | | 379,845 | | | | | | 565,483 | | |
Paul Kirsch | | | | | | | | | | | | | | | | | | | |
Bryan Snell | | | | | 187,372 | | | | | | 300,000 | | | | | | 487,372 | | |
David Shelton | | | | | 106,665 | | | | | | | | | | | | 106,665 | | |
Name | | Form of Compensation(1) | | Voluntary or For Cause ($)(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 ($)(3) | | Retirement ($)(4) | | Death ($)(5) | | Disability ($)(6) | | Change in Control(7) | | ||||||||||||||||||||||||||||||||||||||||||||||||||
Mark Newman | | Annual Salary | | | | | | | | | 134,375 | | | | | | | | | | | | | | | | | | | | 2,925,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Target Annual Bonus | | | | | | | | | 1,170,000 | | | | | | | | | | | | | | | | | | | | 3,510,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Target Annual Bonus (pro-rated) | | | | | | | | | | | | | | | | | | | 1,170,000 | | | | | 1,170,000 | | | | | 1,170,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Health and Dental Benefits | | | | | | | | | 4,079 | | | | | | | | | | | | | | | | | | | | 48,943 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Outplacement Services | | | | | | | | | 2,150 | | | | | | | | | | | | | | | | | | | | 12,900 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Stock Options | | | | — | | | | | — | | | | | — | | | | | 2,976,573 | | | | | 2,976,573 | | | | | 2,976,573 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | RSUs | | | | | | | | | 342,144 | | | | | — | | | | | 342,144 | | | | | 342,144 | | | | | 342,144 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | PSUs | | | | — | | | | | — | | | | | — | | | | | 3,113,897 | | | | | 3,113,897 | | | | | 4,950,838 | | | |||||||||||||||||||||||||||||||||||||||||||||||
Total | | | | | | — | | | | | 1,652,748 | | | | | — | | | | | 7,602,614 | | | | | 7,602,614 | | | | | 15,936,398 | | | |||||||||||||||||||||||||||||||||||||||||||||||
Mark Vergnano | | | Annual Salary | | | | | | | | | 525,000 | | | | | | | | | | | | | | | | | | | | 3,150,000 | | | | Annual Salary | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||
| 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 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Target Annual Bonus (pro-rated) | | | | | | | | | | | | | | 682,500 | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Health and Dental Benefits | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Outplacement Services | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Stock Options | | | | | | | | | | | | | | 9,825,654 | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | RSUs | | | | | | | | | | | | | | 2,180,460 | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | PSUs | | | | | | | | | | | | | | 8,800,573 | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||
Total | | | | | | 8,993,268 | | | | | 10,888,509 | | | | | 8,993,268 | | | | | 10,358,268 | | | | | 10,358,268 | | | | | 17,408,246 | | | | | | | | — | | | | | — | | | | | 21,489,187 | | | | | — | | | | | — | | | | | — | | | ||||||||||||||
Mark Newman | | | Annual Salary | | | | | | | | | 45,478 | | | | | | | | | | | | | | | | | | | | 1,182,440 | | | ||||||||||||||||||||||||||||||||||||||||||||||
| 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 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
Total | | | | | | | | | 7,141,090 | | | | | | | | | | 8,149,817 | | | | | 8,149,817 | | | | | 7,590,191 | | | |||||||||||||||||||||||||||||||||||||||||||||||||
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 | | | | | | | | | 93,149 | | | | | | | | | | | | | | | | | | | | 1,250,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Target Annual Bonus | | | | | | | | | 500,000 | | | | | | | | | | | | | | | | | | | | 1,000,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Target Annual Bonus (pro-rated) | | | | | | | | | | | | | | | | | | | 500,000 | | | | | 500,000 | | | | | 500,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Health and Dental Benefits | | | | | | | | | 6,011 | | | | | | | | | | | | | | | | | | | | 48,086 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Outplacement Services | | | | | | | | | 2,150 | | | | | | | | | | | | | | | | | | | | 8,600 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Stock Options | | | | — | | | | | — | | | | | — | | | | | 2,039,501 | | | | | 2,039,501 | | | | | 2,039,501 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | RSUs | | | | — | | | | | — | | | | | — | | | | | 1,493,655 | | | | | 1,493,655 | | | | | 1,493,655 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | PSUs | | | | — | | | | | — | | | | | — | | | | | 1,350,357 | | | | | 1,350,357 | | | | | 2,932,775 | | | |||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | | | | 1,636,834 | | | | | 2,329,301 | | | | | 1,636,834 | | | | | 2,049,334 | | | | | 2,049,334 | | | | | 3,975,016 | | | | | | | | — | | | | | 601,310 | | | | | — | | | | | 5,383,513 | | | | | 5,383,513 | | | | | 9,272,617 | | | |||||||||||||||
David Shelton | | | Annual Salary | | | | | | | | | 210,096 | | | | | | | | | | | | | | | | | | | | 950,000 | | | | Annual Salary | | | | | | | | | 250,000 | | | | | | | | | | | | | | | | | | | | 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 | | | | | | | | | 1,768 | | | | | | | | | | | | | | | | | | | | 14,141 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Outplacement Services | | | | | | | | | 2,150 | | | | | | | | | | | | | | | | | | | | 8,600 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Stock Options | | | | — | | | | | — | | | | | — | | | | | 1,822,261 | | | | | 1,822,261 | | | | | 1,822,261 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | RSUs | | | | | | | | | 831,617 | | | | | — | | | | | 831,617 | | | | | 831,617 | | | | | 831,617 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | PSUs | | | | — | | | | | — | | | | | — | | | | | 1,607,802 | | | | | 1,607,802 | | | | | 2,492,703 | | | |||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | | | | 631,680 | | | | | 1,177,401 | | | | | 631,680 | | | | | 1,649,574 | | | | | 1,649,574 | | | | | 3,269,082 | | | | | | | | — | | | | | 1,435,535 | | | | | — | | | | | 4,611,680 | | | | | 4,611,680 | | | | | 7,219,322 | | | |||||||||||||||
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 | | | | | | | | | 1,639 | | | | | | | | | | | | | | | | | | | | 13,110 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Outplacement Services | | | | | | | | | 2,150 | | | | | | | | | | | | | | | | | | | | 8,600 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Stock Options | | | | — | | | | | — | | | | | — | | | | | 1,649,529 | | | | | 1,649,529 | | | | | 1,649,529 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | RSUs | | | | — | | | | | — | | | | | — | | | | | 2,614,592 | | | | | 2,614,592 | | | | | 2,614,592 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | PSUs | | | | — | | | | | — | | | | | — | | | | | 1,493,350 | | | | | 1,493,350 | | | | | 2,285,168 | | | |||||||||||||||||||||||||||||||||||||||||||||||
Total | | | | | | — | | | | | 691,289 | | | | | — | | | | | 6,169,971 | | | | | 6,169,971 | | | | | 8,908,499 | | |
Name | | | Form of Compensation(1) | | | Voluntary or For Cause ($)(2) | | | Involuntary Termination without Cause ($)(3) | | | Retirement ($)(4) | | | Death ($)(5) | | | Disability ($)(6) | | | Change in Control(7) | | ||||||||||||||||||
Susan Kelliher | | | Annual Salary | | | | | | | | | | | 37,460 | | | | | | | | | | | | | | | | | | | | | | | | 850,000 | | |
| | | Target Annual Bonus | | | | | | | | | | | 276,250 | | | | | | | | | | | | | | | | | | | | | | | | 552,500 | | |
| | | Target Annual Bonus (pro-rated) | | | | | | | | | | | | | | | | | | | | | | | 276,250 | | | | | | 276,250 | | | | | | 276,250 | | |
| | | Health and Dental Benefits | | | | | | | | | | | 5,542 | | | | | | | | | | | | | | | | | | | | | | | | 44,335 | | |
| | | Outplacement Services | | | | | | | | | | | 2,150 | | | | | | | | | | | | | | | | | | | | | | | | 8,600 | | |
| | | Stock Options | | | | | — | | | | | | — | | | | | | — | | | | | | 1,228,185 | | | | | | 1,228,185 | | | | | | 1,228,185 | | |
| | | RSUs | | | | | — | | | | | | — | | | | | | — | | | | | | 760,805 | | | | | | 760,805 | | | | | | 760,805 | | |
| | | PSUs | | | | | — | | | | | | — | | | | | | — | | | | | | 1,131,714 | | | | | | 1,131,714 | | | | | | 1,783,748 | | |
Total | | | | | | | | — | | | | | | 321,402 | | | | | | — | | | | | | 3,396,954 | | | | | | 3,396,954 | | | | | | 5,504,423 | | |
Bryan Snell | | | Annual Salary | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Target Annual Bonus | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Target Annual Bonus (pro-rated) | | | | | | | | | | | | | | | | | 206,250 | | | | | | | | | | | | | | | | | | | | |
| | | Health and Dental Benefits | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Outplacement Services | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Stock Options | | | | | | | | | | | | | | | | | 1,862,275 | | | | | | | | | | | | | | | | | | | | |
| | | RSUs | | | | | | | | | | | | | | | | | 125,783 | | | | | | | | | | | | | | | | | | | | |
| | | PSUs | | | | | | | | | | | | | | | | | 1,007,555 | | | | | | | | | | | | | | | | | | | | |
| | | Retained Employee as Consultant | | | | | | | | | | | | | | | | | 110,000 | | | | | | | | | | | | | | | | | | | | |
| | | Non-Compete Agreement | | | | | | | | | | | | | | | | | 600,000 | | | | | | | | | | | | | | | | | | | | |
Total | | | | | | | | — | | | | | | — | | | | | | 3,201,863 | | | | | | — | | | | | | — | | | | | | — | | |
|
| | 2018 (in thousands) | | 2017 (in thousands) | | | 2021 (in thousands) | | 2020 (in thousands) | | ||||||||||||||||
Audit fees(1) | | | $ | 7,731 | | | | $ | 7,295 | | | | | $ | 7,012 | | | | $ | 7,133 | | | ||||
Audit-related fees(2) | | | | 234 | | | | | 1,267 | | | | | | 2,207 | | | | | 534 | | | ||||
Tax fees(3) | | | | 1,628 | | | | | 1,488 | | | | | | 1,549 | | | | | 938 | | | ||||
All other fees(4) | | | | 635 | | | | | 1,504 | | | | | | 37 | | | | | 9 | | | ||||
| | | | | | | | | | | ||||||||||||||||
Total | | | $ | 10,229 | | | | $ | 11,554 | | | | | $ | 10,805 | | | | $ | 8,614 | | | ||||
| |
| 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 | |
| Frequency of Advisory Votes on Executive Compensation | | | Plurality of Votes Cast | | | No | |
| Ratification of PwC | | | Majority of Votes Represented and Entitled to Vote | | | Yes | |