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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 |
|
Leslie D. Michelson | | |
II
|
| |
71
|
| |
Independent Director
|
| |
2017
|
| |
2022
|
| |
2025
|
|
Continuing Directors | | | | | | | | | | | | | | | | | | | |
Lisa D. Kabnick | | |
III
|
| |
66
|
| |
Lead Independent Director, Nominating and Corporate Governance Committee Chair
|
| |
2015
|
| |
2023
|
| |
—
|
|
Stanley R. Perla | | |
I
|
| |
78
|
| |
Independent Director,
Audit Committee Chair |
| |
2013
|
| |
2024
|
| |
—
|
|
Edward G. Rendell | | |
I
|
| |
78
|
| |
Independent Director, Compensation Committee Chair
|
| |
2017
|
| |
2024
|
| |
—
|
|
Edward M. Weil, Jr. | | |
III
|
| |
54
|
| |
Chief Executive Officer,
President and Chair of Board |
| |
2015
|
| |
2023
|
| |
—
|
|
Executive Officers (not listed above) | | | | | | | | | | | | | | | | | | | |
Jason F. Doyle | | |
N/A
|
| |
48
|
| |
Chief Financial Officer,
Secretary and Treasurer |
| |
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 |
| | | | 2021 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 3,008 | | | | | $ | 3,008 | | |
| | | 2020 | | | | | | — | | | | | | — | | | | | $ | — | | | | | $ | 8,906 | | | | | $ | 8,906 | | | ||
| | | 2019 | | | | | | — | | | | | | — | | | | | | | | | | | $ | 27,664 | | | | | $ | 27,664 | | | ||
Katie P. Kurtz, Chief Financial
Officer, Secretary and Treasurer |
| | | | 2021 | | | | | $ | 229,834(3) | | | | | $ | 138,195(3) | | | | | $ | 467,613(4) | | | | | $ | 53,024(5) | | | | | $ | 888,666 | | |
| | | 2020 | | | | | | 384,344(3) | | | | | | 609,104(3) | | | | | | 479,343 | | | | | | 57,652(6) | | | | | | 1,530,443 | | | ||
| | | 2019 | | | | | | 338,991(3) | | | | | | 708,799(3) | | | | | | — | | | | | | 23,801(7) | | | | | | 1,071,591 | | | ||
Jason F. Doyle, Chief Financial
Officer, Secretary and Treasurer |
| | | | 2021 | | | | | $ | 164,665(8) | | | | | $ | 47,645(8) | | | | | $ | 96,222 | | | | | $ | 22,637(9) | | | | | $ | 331,169 | | |
| | | 2020 | | | | | | — | | | | | | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | ||
| | | 2019 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | — | | | | | $ | — | | |
Name
|
| |
Grant
Date(1) |
| |
Committee
Approval Date |
| |
All Other Stock
Awards: |
| |
Grant Date Fair
Value of Awards ($)(2) |
| ||||||||||||
|
Number of
Shares of Stock (#) |
| |||||||||||||||||||||||
Katie P. Kurtz
|
| | | | 4/08/21 | | | | | | 2/26/21 | | | | | | 52,778 | | | | | | 467,613 | | |
Jason F. Doyle
|
| | | | 6/24/21 | | | | | | 5/21/21 | | | | | | 10,150 | | | | | | 96,222(3) | | |
| | |
Number of
Restricted Shares That Have Not Vested (#) |
| |
Market Value of
Restricted Shares That Have Not Vested ($) |
| ||||||
Jason F. Doyle
|
| | | | 10,150(1) | | | | | | 92,670(2) | | |
| | |
Number of
Shares Acquired on Vesting (#) |
| |
Value
Realized on Vesting ($) |
| ||||||
Edward M. Weil, Jr.
|
| | | | 7,078 | | | | | | 57,261(1) | | |
Katie P. Kurtz
|
| | | | 122,653 | | | | | | 1,173,789(2) | | |
Jason F. Doyle
|
| | | | — | | | | | | — | | |
Name
|
| |
Fees Paid in
Cash ($) |
| |
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) | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 11,473 | | | | | $ | 296,743 | | |
Leslie D. Michelson
|
| | | $ | 95,000 | | | | | $ | 85,000(3) | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 11,631 | | | | | $ | 191,631 | | |
Stanley R. Perla
|
| | | $ | 110,000 | | | | | $ | 85,000(3) | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 11,475 | | | | | $ | 206,475 | | |
Edward G. Rendell
|
| | | $ | 85,000 | | | | | $ | 85,000(3) | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 11,631 | | | | | $ | 181,631 | | |
Beneficial Owner(1)
|
| |
Number of
Shares Beneficially Owned |
| |
Percent of
Class |
| ||||||
The Vanguard Group, Inc.(2)
|
| | | | 15,656,852 | | | | | | 12.1% | | |
BlackRock, Inc.(3)
|
| | | | 10,926,183 | | | | | | 8.4% | | |
Edward M. Weil, Jr.
|
| | | | 66,481 | | | | | | * | | |
Jason F. Doyle(4)
|
| | | | 10,150 | | | | | | * | | |
Lisa D. Kabnick(5)
|
| | | | 180,178 | | | | | | * | | |
Leslie D. Michelson(6)
|
| | | | 72,084 | | | | | | * | | |
Stanley R. Perla(7)
|
| | | | 69,201 | | | | | | * | | |
Edward G. Rendell(6)
|
| | | | 76,561 | | | | | | * | | |
Katie P. Kurtz(8)
|
| | | | 64,208 | | | | | | * | | |
All directors and executive officers as a group (six persons)
|
| | | | 474,655 | | | | | | * | | |
Performance Level
|
| |
Absolute TSR
|
| |
Percentage of LTIP
Units Earned |
| |
Number of LTIP Units
Earned |
| ||||||
Below Threshold
|
| |
Less than 18%
|
| | | | 0% | | | | | | 0.00 | | |
Threshold
|
| |
18%
|
| | | | 25% | | | | | | 1,066,110.63 | | |
Performance Level
|
| |
Absolute TSR
|
| |
Percentage of LTIP
Units Earned |
| |
Number of LTIP Units
Earned |
| ||||||
Target
|
| |
24%
|
| | | | 50% | | | | | | 2,132,221.25 | | |
Maximum
|
| |
36% or higher
|
| | | | 100% | | | | | | 4,264,442.50 | | |
Performance Level
|
| |
Relative TSR Excess
|
| |
Percentage of Relative
TSR LTIP Units Earned |
| |
Number of LTIP Units
Earned |
| ||||||
Below Threshold
|
| |
Less than 600 basis points
|
| | | | 0% | | | | | | 0.000 | | |
Threshold
|
| |
-600 basis points
|
| | | | 25% | | | | | | 1,066,110.625 | | |
Target
|
| |
-basis points
|
| | | | 50% | | | | | | 2,132,221.250 | | |
Maximum
|
| |
+600 basis points
|
| | | | 100% | | | | | | 4,264,442.500 | | |