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