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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 |
|
Lisa D. Kabnick | | |
III
|
| |
64
|
| |
Lead Independent Director, Nominating and Corporate Governance Committee Chair
|
| |
2015
|
| |
2020
|
| |
2023
|
|
Edward M. Weil, Jr. | | |
III
|
| |
52
|
| |
Chief Executive Officer,
President and Chair of Board |
| |
2015
|
| |
2020
|
| |
2023
|
|
Continuing Directors | | | | | | | | | | | | | | | | | | | |
Leslie D. Michelson | | |
II
|
| |
69
|
| |
Independent Director
|
| |
2017
|
| |
2019
|
| |
—
|
|
Stanley R. Perla | | |
I
|
| |
76
|
| |
Independent Director,
Audit Committee Chair |
| |
2013
|
| |
2021
|
| |
—
|
|
Edward G. Rendell | | |
I
|
| |
76
|
| |
Independent Director, Compensation Committee Chair
|
| |
2017
|
| |
2021
|
| |
—
|
|
Executive Officers (not listed above)
|
| | | | | | | | | | | | | | | | | | |
Katie P. Kurtz | | |
N/A
|
| |
40
|
| |
Chief Financial Officer,
Secretary and Treasurer |
| |
N/A
|
| |
N/A
|
| |
N/A
|
|
Name and Principal Position
|
| |
Year
|
| |
Salary
($) |
| |
Bonus
($) |
| |
Stock
Awards ($) |
| |
All Other
Compensation ($) |
| |
Total
($) |
| ||||||||||||||||||
Edward M. Weil, Jr., President and Chief Executive Officer
|
| | | | 2019 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 27,664(2) | | | | | $ | 27,664 | | |
| | | 2018 | | | | | | — | | | | | | — | | | | | $ | 340,000(1) | | | | | $ | 1,664(2) | | | | | $ | 341,664 | | | ||
| | | 2017 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | ||
Katie P. Kurtz, Treasurer and Chief Financial Officer
|
| | | | 2019 | | | | | $ | 338,991(3) | | | | | $ | 708,799(3) | | | | | $ | — | | | | | $ | 23,801(4) | | | | | $ | 1,071,591 | | |
| | | 2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | ||
| | | 2017 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | |
Number of
Restricted Shares That Have Not Vested (#) |
| |
Market Value of
Restricted Shares That Have Not Vested ($) |
| ||||||
Edward M. Weil, Jr.
|
| | | | 14,156(1) | | | | | $ | 187,708.56(2) | | |
| | |
Number of
Shares Acquired on Vesting (#) |
| |
Value
Realized on Vesting ($) |
| ||||||
Edward M. Weil, Jr.
|
| | | | 7,078 | | | | | | 81,892.46(1) | | |
Name
|
| |
Fees Paid in
Cash ($) |
| |
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) | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 37,548 | | | | | $ | 322,548 | | |
Leslie D. Michelson
|
| | | $ | 95,000 | | | | | $ | 85,000(3) | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 37,230 | | | | | $ | 217,230 | | |
Stanley R. Perla
|
| | | $ | 110,000 | | | | | $ | 85,000(3) | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 37,675 | | | | | $ | 232,675 | | |
Edward G. Rendell
|
| | | $ | 85,000 | | | | | $ | 85,000(3) | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 37,229 | | | | | $ | 207,229 | | |
Beneficial Owner(1)
|
| |
Number of
Shares Beneficially Owned |
| |
Percent of
Class |
| ||||||
The Vanguard Group, Inc.(2)
|
| | | | 16,134,135 | | | | | | 14.9% | | |
Blackrock, Inc.(3)
|
| | | | 9,382,341 | | | | | | 8.7% | | |
Edward M. Weil, Jr.(4)
|
| | | | 66,481 | | | | | | * | | |
Katie P. Kurtz
|
| | | | 1,650 | | | | | | * | | |
Lisa D. Kabnick(5)
|
| | | | 158,262 | | | | | | * | | |
Leslie D. Michelson(5)
|
| | | | 50,168 | | | | | | * | | |
Stanley R. Perla(5)
|
| | | | 42,285 | | | | | | * | | |
Edward G. Rendell(5)
|
| | | | 44,178 | | | | | | * | | |
All directors and executive officers as a group (six persons)
|
| | | | 363,024 | | | | | | * | | |
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% | | |
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