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Directors with Terms Expiring
at the Annual Meeting/Nominee |
| |
Class
|
| |
Age
|
| |
Position
|
| |
Director
Since |
| |
Current
Term Expires |
| |
Expiration
of Term For Which Nominated |
|
Stanley R. Perla | | |
I
|
| |
77
|
| |
Independent Director, Audit Committee Chair
|
| |
2013
|
| |
2021
|
| |
2024
|
|
Edward G. Rendell | | |
I
|
| |
77
|
| |
Independent Director, Compensation Committee Chair
|
| |
2017
|
| |
2021
|
| |
2024
|
|
Continuing Directors | | | | | | | | | | | | | | | | | | | |
Lisa D. Kabnick | | |
III
|
| |
65
|
| |
Lead Independent Director, Nominating and Corporate Governance Committee Chair
|
| |
2015
|
| |
2023
|
| |
—
|
|
Leslie D. Michelson | | |
II
|
| |
70
|
| |
Independent Director
|
| |
2017
|
| |
2022
|
| |
—
|
|
Edward M. Weil, Jr. | | |
III
|
| |
53
|
| |
Chief Executive Officer, President and Chair of Board
|
| |
2015
|
| |
2023
|
| |
—
|
|
Executive Officers (not listed above) | | | | | | | | | | | | | | | | | | | |
Katie P. Kurtz | | |
N/A
|
| |
41
|
| |
Chief Financial Officer, Secretary and Treasurer(1)
|
| |
N/A
|
| |
N/A
|
| |
N/A
|
|
Jason F. Doyle | | |
N/A
|
| |
47
|
| |
Assistant Secretary; Chief Financial Officer-Elect, Secretary-Elect and Treasurer-Elect(1)
|
| |
N/A
|
| |
N/A
|
| |
N/A
|
|
Name and Principal Position
|
| |
Year
|
| |
Salary
($) |
| |
Bonus
($) |
| |
Stock
Awards ($)(1) |
| |
All Other
Compensation ($)(2) |
| |
Total
($) |
| ||||||||||||||||||
Edward M. Weil, Jr., President and
Chief Executive Officer |
| | | | 2020 | | | | | | — | | | | | | — | | | | | | — | | | | | | 8,906 | | | | | | 8,906 | | |
| | | 2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | 27,664 | | | | | | 27,664 | | | ||
| | | 2018 | | | | | | — | | | | | | — | | | | | | 340,000(3) | | | | | | 1,664 | | | | | | 341,664 | | | ||
Katie P. Kurtz, Treasurer and Chief
Financial Officer |
| | | | 2020 | | | | | | 384,344(4) | | | | | | 609,104(4) | | | | | | 479,343(5) | | | | | | 57,652(6) | | | | | | 1,530,443 | | |
| | | 2019 | | | | | | 338,991(4) | | | | | | 708,799(4) | | | | | | — | | | | | | 23,801(7) | | | | | | 1,071,591 | | | ||
| | | 2018(8) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | | | | | | | | | | |
All Other Stock
Awards: |
| | | | | | | |||
Name
|
| |
Grant
Date(1) |
| |
Committee
Approval Date |
| |
Number of
Shares of Stock (#) |
| |
Grant Date Fair
Value of Awards ($)(2) |
| ||||||||||||
Katie P. Kurtz
|
| | | | 9/15/20 | | | | | | 9/15/20 | | | | | | 69,875 | | | | | | 479,343 | | |
| | |
Number of
Restricted Shares That Have Not Vested (#) |
| |
Market Value of
Restricted Shares That Have Not Vested ($) |
| ||||||
Edward M. Weil, Jr.
|
| | | | 7,078(1) | | | | | | 52,590(2) | | |
Katie P. Kurtz
|
| | | | 69,875(3) | | | | | | 519,171(2) | | |
| | |
Number of
Shares Acquired on Vesting (#) |
| |
Value
Realized on Vesting ($) |
| ||||||
Edward M. Weil, Jr.
|
| | | | 7,078 | | | | | | 49,900 | | |
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 ($) |
| |||||||||||||||||||||
Lisa D. Kabnick
|
| | | $ | 200,000 | | | | | $ | 85,000(3) | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 18,055 | | | | | $ | 303,055 | | |
Leslie D. Michelson
|
| | | $ | 95,000 | | | | | $ | 85,000(3) | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 18,015 | | | | | $ | 198,015 | | |
Stanley R. Perla
|
| | | $ | 110,000 | | | | | $ | 85,000(3) | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 18,039 | | | | | $ | 213,039 | | |
Edward G. Rendell
|
| | | $ | 85,000 | | | | | $ | 85,000(3) | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 18,015 | | | | | $ | 188,015 | | |
Beneficial Owner(1)
|
| |
Number of
Shares Beneficially Owned |
| |
Percent of
Class |
| ||||||
The Vanguard Group, Inc.(2)
|
| | | | 15,656,852 | | | | | | 14.4% | | |
BlackRock, Inc.(3)
|
| | | | 10,717,209 | | | | | | 9.9% | | |
Edward M. Weil, Jr.(4)
|
| | | | 66,481 | | | | | | * | | |
Katie P. Kurtz(5)(6)
|
| | | | 71,525 | | | | | | * | | |
Lisa D. Kabnick(7)
|
| | | | 171,379 | | | | | | * | | |
Leslie D. Michelson(8)
|
| | | | 63,285 | | | | | | * | | |
Stanley R. Perla(7)
|
| | | | 55,402 | | | | | | * | | |
Edward G. Rendell(8)
|
| | | | 57,295 | | | | | | * | | |
Jason F. Doyle(6)
|
| | | | — | | | | | | — | | |
All directors and executive officers as a group (six persons)
|
| | | | 485,367 | | | | | | * | | |
Performance Level
|
| |
Absolute TSR
|
| |
Percentage of Absolute
TSR LTIP Units Earned |
| |||
Below Threshold
|
| |
Less than 24%
|
| | | | —% | | |
Threshold
|
| |
24%
|
| | | | 25% | | |
Target
|
| |
30%
|
| | | | 50% | | |
Maximum
|
| |
36% or higher
|
| | | | 100% | | |
Performance Level
|
| |
Relative TSR Excess
|
| |
Percentage of Relative
LTIP Units Earned |
| |||
Below Threshold
|
| |
Less than 600 basis points
|
| | | | —% | | |
Threshold
|
| |
-600 basis points
|
| | | | 25% | | |
Target
|
| |
- basis points
|
| | | | 50% | | |
Maximum
|
| |
+600 basis points
|
| | | | 100% | | |