Executive Compensation
2018 Summary Compensation Table
The following table presents, for the years ended December 31, 2018, 2017, and 2016, the compensation of Messrs.
Lowrey and Strangfeld, who each served as our principal executive officer in 2018, Messrs. Tanji and Falzon, who each served as our principal financial officer in 2018, and Messrs. Grier, Pelletier and Sleyster, our three most highly
compensated executive officers (other than the principal executive officer and principal financial officer) who were serving as executive officers as of December 31, 2018.
For information on the role of each compensation component within the total compensation packages of the NEOs, please see the relevant description in the
Compensation Discussion and Analysis (CD&A). The compensation data in this table is presented in accordance with the SEC disclosure rules. For the Compensation Committees view of 2018 performance year compensation, see
Supplemental Compensation Analysis Total Direct Compensation in the CD&A.
Name & Principal Position Year Salary ($)(1) Bonus ($) Charles F. Lowrey, 2018 794,808 - Chief Executive Officer 2017 770,000 - 2016 770,000 - John R. Strangfeld, 2018 1,332,692 - Chairman and Former 2017 1,400,000 -
Chief Executive Officer 2016 1,400,000 - Ken Tanji 2018 446,404 - Executive Vice President and Chief Financial Officer Robert M. Falzon, 2018 783,269 - Vice Chairman and Former 2017 770,000 - Chief Financial Officer 2016 759,231 - Mark B. Grier,
2018 1,190,000 - Vice Chairman 2017 1,190,000 - 2016 1,190,000 - Stephen Pelletier,(8) 2018 770,000 - Executive Vice 2017 770,000 - President and Chief 2016 770,000 - Operating Officer, U.S. Scott Sleyster 2018 549,231 - Executive Vice President and
Chief Operating Officer, International Businesses Name & Principal Position Year Salary ($) (1) Stock Awards ($) (2) 2018 794,808 2,499,088 Charles F. Lowrey, 2017 770,000 3,142,303 Chief Executive Officer 2016 770,000 2,510,533 John R.
Strangfeld, 2018 1,332,692 11,029,456 Former Chief Executive Officer and current 2017 1,400,000 6,284,606 non-executive Chairman 2016 1,400,000 5,285,346 Kenneth Y. Tanji,(7) 2018 446,404 381,597 Executive Vice President and Chief Financial Officer
Robert M. Falzon, 2018 783,269 2,104,664 Vice Chairman (and former 2017 770,000 2,513,842 Chief Financial Officer) 2016 759,231 2,114,113 Mark B. Grier, 2018 1,190,000 4,209,114 Vice Chairman 2017 1,190,000 5,027,684 2016 1,190,000 4,228,226 Stephen
Pelletier, 2018 770,000 2,499,088 Executive Vice President and Chief 2017 770,000 2,828,183 Operating Officer, U.S. Businesses 2016 770,000 2,378,393 Scott G. Sleyster,(7) 2018 549,231 1,578,552 Executive Vice President and Chief Operating Officer,
International Businesses Non-Equity Incentive Change in Pension All Other Option Awards ($) (3) Plan Compensation ($)(4) Value ($)(5) Compensation ($)(6) Total ($) 854,897 5,478,255 661,825 68,585 10,357,459 1,030,568 5,915,828 889,770 50,853
11,799,322 885,869 5,805,597 811,276 48,130 10,831,405 3,756,846 8,789,157 1,217,090 525,561 26,650,802 2,061,108 9,273,376 7,972,080 120,229 27,111,399 1,864,985 8,947,438 6,844,507 101,979 24,444,255 63,568 1,111,611 59,264 19,024 2,081,468
701,436 4,120,282 333,217 48,988 8,091,856 824,460 4,259,475 731,136 50,158 9,149,071 746,006 3,794,452 534,157 45,420 7,993,379 1,402,872 7,354,361 940,560 82,751 15,179,658 1,648,892 7,778,282 1,839,665 76,967 17,561,490 1,491,997 7,506,580
1,467,470 80,641 15,964,914 832,968 5,315,371 9,015,161 71,250 18,503,838 927,500 5,793,200 5,585,850 68,726 15,973,459 839,253 4,655,628 4,931,849 64,298 13,639,421 263,038 2,308,958 125,875 23,287 4,848,942
(1)
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The amounts reported in the
Salary
column for 2018 include elective contributions of a portion of their base salary
to the SESP by Messrs. Lowrey, Strangfeld, Tanji, Falzon, Grier, Pelletier, and Sleyster in the amounts of $20,792, $42,308, $6,856, $20,331, $36,600, $19,800, and $10,969, respectively.
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(2)
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The amounts reported in the
Stock Awards
column represent the aggregate grant date fair value for performance
shares and performance units at target in each respective year. The maximum number of performance shares and performance units payable for 2018 is 1.375 times the target amounts. For awards granted in 2017 and 2016 the maximum number of performance
shares and performance units payable is 1.25 times the target amounts.
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For awards granted in February 2018, the maximum performance shares and units payable and valued at the grant date price
of $106.89 to Messrs. Lowrey, Strangfeld, Tanji, Falzon, Grier, Pelletier, and Sleyster are 32,148 or $3,436,300; 67,682 or $7,234,529; 4,910 or $524,830; 27,074 or $2,893,940; 54,146 or $5,787,666; 32,148 or $3,436,300; and 20,306 or $2,170,508,
respectively. For Mr. Strangfeld, additional awards were made in November 2018 to recognize 2018 performance. For awards made in November 2018, the maximum performance shares and units payable and valued at the grant date price of $93.76 to
Mr.Strangfeld is 84,590 or $7,931,158.
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76
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Notice of Annual Meeting of Shareholders and 2019 Proxy
Statement
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