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IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE
ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON June 15, 2023 |
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Our notice of annual meeting of stockholders, proxy statement, form of proxy card, or voting instruction
form, and our 2022 annual report to stockholders are available on the internet at http://astproxyportal.com/ast/20060. |
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Nominee/Director Name
|
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Age
|
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Position
|
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Director Since
|
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Thomas Meth | | |
50
|
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President, Chief Executive Officer, and Director
|
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2022
|
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John K. Keppler | | |
52
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Executive Chairman of the Board and Director
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2023
|
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Ralph Alexander | | |
68
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Lead Independent Director
|
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2013
|
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John C. Bumgarner, Jr. | | |
80
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Director
|
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2015
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Martin N. Davidson | | |
61
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Director
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2021
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Jim H. Derryberry | | |
78
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Director
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2018
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Gerrit L. Lansing, Jr. | | |
50
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Director
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2020
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Pierre F. Lapeyre, Jr. | | |
60
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Director
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2021
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David M. Leuschen | | |
72
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Director
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2021
|
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Jeffrey W. Ubben | | |
61
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Director
|
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2020
|
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Gary L. Whitlock | | |
73
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Director
|
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2016
|
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Janet S. Wong | | |
64
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Director
|
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2015
|
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Eva T. Zlotnicka | | |
40
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Director
|
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2021
|
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Meth
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Keppler
|
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Alexander
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Bumgarner
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Davidson
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Derryberry
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Lansing
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Lapeyre
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Leuschen
|
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Ubben
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Whitlock
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Wong
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Zlotnicka
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Experiences and Skills | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Accounting/Audit Experience
|
| | | | | | | | | | X | | | | | | X | | | | | | X | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | X | | | | | | X | | | | | | | | |
Environmental and/or Climate Change-Related Experience
|
| | | | X | | | | | | X | | | | | | X | | | | | | | | | | | | | | | | | | | | | | | | X | | | | | | | | | | | | X | | | | | | | | | | | | X | | | | | | | | | | | | X | | |
Executive Leadership Experience
|
| | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | |
Financial Experience
|
| | | | | | | | | | X | | | | | | X | | | | | | X | | | | | | | | | | | | X | | | | | | | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | |
Governmental Affairs and/or Regulatory Experience
|
| | | | X | | | | | | X | | | | | | X | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Human Resources Management Experience
|
| | | | X | | | | | | X | | | | | | X | | | | | | | | | | | | X | | | | | | X | | | | | | X | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | X | | | | | | | | |
Industry Experience
|
| | | | X | | | | | | X | | | | | | X | | | | | | | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | | | | | | | | | | | | | X | | | | | | X | | | | | | X | | |
Operations Experience
|
| | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Risk Management Experience
|
| | | | | | | | | | X | | | | | | X | | | | | | | | | | | | | | | | | | X | | | | | | X | | | | | | | | | | | | X | | | | | | | | | | | | X | | | | | | X | | | | | | X | | |
Demographic Background
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
African American or Black
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | X | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Alaskan Native, American Indian, or Indigenous
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Asian
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | X | | | | | | | | |
Hispanic or Latinx | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Native Hawaiian or Pacific Islander
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
White
|
| | | | X | | | | | | X | | | | | | | | | | | | X | | | | | | | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | | | | | | | | | |
Two or More Races or Ethnicities
|
| | | | | | | | | | | | | | | | X | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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Gender
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Race or Ethnicity
|
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| | |
Man
|
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Woman
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Did Not
Disclose Gender |
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African
American or Black |
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Asian
|
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White
|
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Two or
More Races or Ethnicities |
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Did Not
Disclose Race |
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Demographic Background
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| | | | 11 | | | | | | 2 | | | | | | 0 | | | | | | 1 | | | | | | 1 | | | | | | 9 | | | | | | 1 | | | | | | 1 | | |
| | |
Year Ended December 31,
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2022
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2021
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(in thousands)
|
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Audit fees(1)
|
| | | $ | 4,099 | | | | | $ | 3,100 | | |
Audit related fees(2)
|
| | | | 760 | | | | | | 125 | | |
Tax fees(3)
|
| | | | — | | | | | | — | | |
All other fees(4)
|
| | | | 5 | | | | | | 5 | | |
Total
|
| | | $ | 4,864 | | | | | $ | 3,230 | | |
Name
|
| |
Age
|
| |
Position
|
|
Thomas Meth | | | 50 | | | President, Chief Executive Officer, and Director | |
John K. Keppler | | | 52 | | | Executive Chairman of the Board and Director | |
Mark A. Coscio | | | 48 | | | Executive Vice President and Chief Development Officer | |
Shai S. Even | | | 54 | | | Executive Vice President and Chief Financial Officer | |
Roxanne B. Klein | | | 46 | | | Executive Vice President and Chief Administrative and People Officer | |
Yanina A. Kravtsova | | | 46 | | | Executive Vice President, International Market Development and Public Affairs | |
E. Royal Smith | | | 50 | | | Executive Vice President, Operations | |
Jason E. Paral | | | 40 | | | Senior Vice President, General Counsel, and Secretary | |
John-Paul D. Taylor | | | 42 | | | Senior Vice President and Chief Commercial Officer | |
Executive
|
| |
Title
|
|
Thomas Meth | | | President and Chief Executive Officer | |
John K. Keppler | | | Former Chairman and Chief Executive Officer | |
Shai S. Even | | | Executive Vice President and Chief Financial Officer | |
William H. Schmidt, Jr. | | | Executive Vice President, Chief Development Officer, and General Counsel | |
E. Royal Smith | | | Executive Vice President, Operations | |
Yanina A. Kravtsova | | |
Executive Vice President, International Market Development and Public Affairs
|
|
| | | | | | | | | | | | | | |
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Ameresco, Inc.
|
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Ingevity Corporation
|
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Atlantica Sustainable Infrastructure plc
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Ingredion Incorporated
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Brookfield Renewable Corporation
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Innergex Renewable Energy Inc.
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Cheniere Energy, Inc.
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Mercer International Inc.
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Clearway Energy, Inc.
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PotlachDeltic Corporation
|
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Darling Ingredients, Inc.
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Rayonier Advanced Materials Inc.
|
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Green Plains Inc.
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Rayonier Inc.
|
| | | | |
| | | | |
Hannon Armstrong
|
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Name
|
| |
2022 Annual Base Salary
|
| |
2021 Annual Base Salary
|
| |
Change
|
| |||||||||
Thomas Meth
|
| | | $ | 750,000 | | | | | $ | 425,000 | | | | | | 76.5% | | |
John K. Keppler
|
| | | $ | 1,000,000 | | | | | $ | 800,000 | | | | | | 25.0% | | |
Shai S. Even
|
| | | $ | 490,000 | | | | | $ | 464,000 | | | | | | 5.6% | | |
William H. Schmidt, Jr.
|
| | | $ | 525,000 | | | | | $ | 445,000 | | | | | | 18.0% | | |
E. Royal Smith
|
| | | $ | 392,000 | | | | | $ | 370,000 | | | | | | 6.0% | | |
Yanina A. Kravtsova
|
| | | $ | 380,000 | | | | | $ | 360,400 | | | | | | 5.4% | | |
Name
|
| |
Target Bonus (As a
Percentage of Base Salary) |
| |
2022 Target Bonus
Amount |
| |
2022 Actual AICP
Amount |
| |
2022 Equity Bonus
Amount Paid in 2023 |
| ||||||||||||
Thomas Meth
|
| | | | 150% | | | | | $ | 731,771 | | | | | | — | | | | | $ | 439,078 | | |
John K. Keppler
|
| | | | 150% | | | | | $ | 1,361,583 | | | | | | — | | | | | $ | 816,934 | | |
Shai S. Even
|
| | | | 125% | | | | | $ | 612,500 | | | | | | — | | | | | $ | 367,528 | | |
William H. Schmidt, Jr.
|
| | | | 125% | | | | | $ | 625,000 | | | | | | — | | | | | $ | 375,029 | | |
E. Royal Smith
|
| | | | 125% | | | | | $ | 490,250 | | | | | | — | | | | | $ | 245,163 | | |
Yanina A. Kravtsova
|
| | | | 100% | | | | | $ | 370,200 | | | | | | — | | | | | $ | 266,565 | | |
Name
|
| |
Target LTIP Value
(Percentage of Salary) |
| |
Number of Time-based
Restricted stock Units Granted in 2022 |
| |
Target Number of Performance-based
Restricted stock Units Granted in 2022 |
| |||||||||
Thomas Meth
|
| | | | 250% | | | | | | 8,672 | | | | | | 8,672 | | |
John K. Keppler
|
| | | | 340% | | | | | | 23,588 | | | | | | 23,588 | | |
Shai S. Even
|
| | | | 250% | | | | | | 8,499 | | | | | | 8,499 | | |
William H. Schmidt, Jr.
|
| | | | 250% | | | | | | 8,239 | | | | | | 8,239 | | |
E. Royal Smith
|
| | | | 200% | | | | | | 5,442 | | | | | | 5,442 | | |
Yanina A. Kravtsova
|
| | | | 200% | | | | | | 5,001 | | | | | | 5,001 | | |
| | |
Below Threshold
|
| |
Threshold
|
| |
Target
|
| |
Maximum
|
|
TSR Factor
|
| |
<30th percentile
|
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30th percentile
|
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60th percentile
|
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≥90th percentile
|
|
Payout Multiplier
|
| |
0%
|
| |
50%
|
| |
100%
|
| |
200%
|
|
Name
|
| |
Multiple of Annualized Base Salary
|
| |||
CEO
|
| | | | 5x | | |
Other NEOs
|
| | | | 3x | | |
Name and Principal Position
|
| |
Year
|
| |
Salary
|
| |
Bonus(1)
|
| |
Stock
Awards(2) |
| |
Non-Equity
Incentive Plan Compensation(1) |
| |
All Other
Compensation(3) |
| |
Total
|
| |||||||||||||||||||||
Thomas Meth
(President and Chief Executive Officer) |
| | | | 2022 | | | | | | 588,669 | | | | | | — | | | | | | 1,249,984 | | | | | | — | | | | | | 9,150 | | | | | | 1,847,803 | | |
| | | 2021 | | | | | | 431,370 | | | | | | — | | | | | | 850,012 | | | | | | 514,250 | | | | | | 8,700 | | | | | | 1,804,332 | | | ||
| | | 2020 | | | | | | 97,097 | | | | | | 75,000 | | | | | | 385,029 | | | | | | 109,381 | | | | | | 2,138 | | | | | | 668,645 | | | ||
John K. Keppler
(Former Chairman and Chief Executive Officer)(4) |
| | | | 2022 | | | | | | 871,233 | | | | | | — | | | | | | 3,399,976 | | | | | | — | | | | | | 59,150 | | | | | | 4,330,359 | | |
| | | 2021 | | | | | | 816,986 | | | | | | 1,200,000 | | | | | | 3,400,044 | | | | | | 780,000 | | | | | | 8,700 | | | | | | 6,205,730 | | | ||
| | | 2020 | | | | | | 182,838 | | | | | | 600,000 | | | | | | 1,631,253 | | | | | | 343,297 | | | | | | 2,138 | | | | | | 2,759,526 | | | ||
Shai S. Even
(Executive Vice President and Chief Financial Officer) |
| | | | 2022 | | | | | | 490,000 | | | | | | | | | | | | 1,225,046 | | | | | | | | | | | | 9,150 | | | | | | 1,724,196 | | |
| | | 2021 | | | | | | 466,208 | | | | | | 556,800 | | | | | | 1,159,968 | | | | | | — | | | | | | 8,700 | | | | | | 2,191,676 | | | ||
| | | 2020 | | | | | | 112,796 | | | | | | 350,000 | | | | | | 562,518 | | | | | | 170,465 | | | | | | 2,138 | | | | | | 1,197,917 | | | ||
William H. Schmidt, Jr.
(Executive Vice President, Corporate Development and General Counsel) |
| | | | 2022 | | | | | | 503,904 | | | | | | — | | | | | | 1,187,570 | | | | | | — | | | | | | 9,150 | | | | | | 1,700,624 | | |
| | | 2021 | | | | | | 447,548 | | | | | | 534,000 | | | | | | 1,112,498 | | | | | | — | | | | | | 8,700 | | | | | | 2,102,746 | | | ||
| | | 2020 | | | | | | 85,339 | | | | | | 350,000 | | | | | | 425,002 | | | | | | 107,330 | | | | | | 1,710 | | | | | | 969,381 | | | ||
E. Royal Smith
(Executive Vice President, Operations) |
| | | | 2022 | | | | | | 392,200 | | | | | | — | | | | | | 784,410 | | | | | | — | | | | | | 9,150 | | | | | | 1,185,760 | | |
| | | 2021 | | | | | | 371,885 | | | | | | — | | | | | | 739,990 | | | | | | 305,250 | | | | | | 8,700 | | | | | | 1,425,825 | | | ||
| | | 2020 | | | | | | 249,389 | | | | | | — | | | | | | 994,046 | | | | | | 282,403 | | | | | | 5,985 | | | | | | 1,531,823 | | | ||
Yanina A. Kravtsova
(Executive Vice President, International Market Development and Public Affairs) |
| | | | 2022 | | | | | | 371,730 | | | | | | — | | | | | | 720,846 | | | | | | — | | | | | | 9,150 | | | | | | 1,101,726 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | |
Estimated Possible Payouts Under Non-Equity
Incentive Plan Awards(1) |
| |
Estimated Possible Payouts Under Equity
Incentive Plan Awards(2) |
| |
All Other
Equity Awards (#)(3) |
| |
Grant Date
Fair Value ($)(4) |
| ||||||||||||||||||||||||||||||||||||
Name
|
| |
Grant Date
|
| |
Threshold
($) |
| |
Target
($) |
| |
Maximum
($) |
| |
Threshold
(#) |
| |
Target
(#) |
| |
Maximum
(#) |
| |||||||||||||||||||||||||||||||||
Thomas Meth
|
| | | | | | | | | | 365,885 | | | | | | 731,770 | | | | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 2/1/2022 | | | | | | | | | | | | | | | | | | | | | | | | 4,336 | | | | | | 8,672 | | | | | | 17,344 | | | | | | | | | | | | 624,991 | | | ||
| | | 2/1/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 8,672 | | | | | | 624,991 | | | ||
John K. Keppler
|
| | | | | | | | | | 750,000 | | | | | | 1,500,000 | | | | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 2/1/2022 | | | | | | | | | | | | | | | | | | | | | | | | 11,794 | | | | | | 23,588 | | | | | | 47,176 | | | | | | | | | | | | 1,699,987 | | | ||
| | | 2/1/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 23,588 | | | | | | 1,699,987 | | | ||
Shai S. Even
|
| | | | | | | | | | 306,250 | | | | | | 612,500 | | | | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 2/1/2022 | | | | | | | | | | | | | | | | | | | | | | | | 4,250 | | | | | | 8,499 | | | | | | 16,998 | | | | | | | | | | | | 612,523 | | | ||
| | | 2/1/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 8,499 | | | | | | 612,523 | | | ||
William H. Schmidt, Jr
|
| | | | | | | | | | 312,500 | | | | | | 625,000 | | | | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 2/1/2022 | | | | | | | | | | | | | | | | | | | | | | | | 4,120 | | | | | | 8,239 | | | | | | 16,478 | | | | | | | | | | | | 593,785 | | | ||
| | | 2/1/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 8,239 | | | | | | 593,785 | | | ||
E. Royal Smith
|
| | | | | | | | | | 245,125 | | | | | | 490,250 | | | | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 2/1/2022 | | | | | | | | | | | | | | | | | | | | | | | | 2,721 | | | | | | 5,442 | | | | | | 10,884 | | | | | | | | | | | | 392,205 | | | ||
| | | 2/1/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 5,442 | | | | | | 392,205 | | | ||
Yanina A. Kravtsova
|
| | | | | | | | | | 185,100 | | | | | | 370,200 | | | | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 2/1/2022 | | | | | | | | | | | | | | | | | | | | | | | | 2,501 | | | | | | 5,001 | | | | | | 10,002 | | | | | | | | | | | | 360,422 | | | ||
| | | 2/1/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 5,001 | | | | | | 360,422 | | |
| | |
Stock Awards
|
| |||||||||||||||||||||
Name
|
| |
Number of Shares of
Stock That Have Not Vested(1) |
| |
Market Value of Shares
of Stock That Have Not Vested(2) |
| |
Equity Incentive Plan
Awards: Number of Unearned Shares of Stock That Have Not Vested(3)(4) |
| |
Equity Incentive Plan
Awards: Market Value of Unearned Shares of Stock That Have Not Vested(2) |
| ||||||||||||
Thomas Meth
|
| | | | 56,585 | | | | | | 2,997,307 | | | | | | 27,599 | | | | | $ | 1,461,919 | | |
John K. Keppler
|
| | | | 326,196 | | | | | $ | 17,278,602 | | | | | | — | | | | | | — | | |
Shai S. Even
|
| | | | 77,652 | | | | | | 4,113,226 | | | | | | 35,304 | | | | | | 1,870,053 | | |
William H. Schmidt, Jr.
|
| | | | 73,724 | | | | | | 3,905,160 | | | | | | 33,730 | | | | | | 1,786.678 | | |
E. Royal Smith
|
| | | | 49,168 | | | | | | 2,604,429 | | | | | | 22,441 | | | | | | 1,188,700 | | |
Yanina A. Kravtsova
|
| | | | 31,283 | | | | | | 1,657,061 | | | | | | 18,550 | | | | | | 982,594 | | |
Name
|
| |
Vesting Date or Last
Date of Performance Period |
| |
Number of Time-based
Restricted Stock Units to Vest |
| |
Number of
Performance-based Restricted Stock Units to Vest |
| ||||||
Thomas Meth
|
| |
December 31, 2022
|
| | | | 18,851 | | | | | | | | |
|
January 29, 2023
|
| | | | 10,135 | | | | | | | | | ||
|
December 31, 2023
|
| | | | | | | | | | 10,135 | | | ||
|
January 29, 2024
|
| | | | 10,135 | | | | | | | | | ||
|
December 31, 2024
|
| | | | | | | | | | 8,792 | | | ||
|
January 27, 2025
|
| | | | 8,792 | | | | | | | | | ||
|
December 31, 2025
|
| | | | | | | | | | 8,672 | | | ||
|
February 1, 2026
|
| | | | 8,672 | | | | | | | | | ||
John K. Keppler
|
| |
November 14, 2022
|
| | | | 246,329 | | | | | | — | | |
|
December 31, 2022
|
| | | | 79,867 | | | | | | | | | ||
Shai S. Even
|
| |
December 31, 2022
|
| | | | 27,541 | | | | | | | | |
|
January 29, 2023
|
| | | | 14,807 | | | | | | | | | ||
|
December 31, 2023
|
| | | | | | | | | | 14,807 | | | ||
|
January 29, 2024
|
| | | | 14,807 | | | | | | | | | ||
|
December 31, 2024
|
| | | | | | | | | | 11,998 | | | ||
|
January 27, 2025
|
| | | | 11,998 | | | | | | | | | ||
|
December 31, 2025
|
| | | | | | | | | | 8,499 | | | ||
|
February 1, 2026
|
| | | | 8,499 | | | | | | | | |
Name
|
| |
Vesting Date or Last
Date of Performance Period |
| |
Number of Time-based
Restricted Stock Units to Vest |
| |
Number of
Performance-based Restricted Stock Units to Vest |
| ||||||
William H. Schmidt, Jr.
|
| |
December 31, 2022
|
| | | | 26,010 | | | | | | | | |
|
January 29, 2023
|
| | | | 13,984 | | | | | | | | | ||
|
December 31, 2023
|
| | | | | | | | | | 13,984 | | | ||
|
January 29, 2024
|
| | | | 13,984 | | | | | | | | | ||
|
December 31, 2024
|
| | | | | | | | | | 11,507 | | | ||
|
January 27, 2025
|
| | | | 11,507 | | | | | | | | | ||
|
December 31, 2025
|
| | | | | | | | | | 8,239 | | | ||
|
February 1, 2026
|
| | | | 8,239 | | | | | | | | | ||
E. Royal Smith
|
| |
December 31, 2022
|
| | | | 17,382 | | | | | | | | |
|
January 29, 2023
|
| | | | 9,345 | | | | | | | | | ||
|
December 31, 2023
|
| | | | | | | | | | 9,345 | | | ||
|
January 29, 2024
|
| | | | 9,345 | | | | | | | | | ||
|
December 31, 2024
|
| | | | | | | | | | 7,654 | | | ||
|
January 27, 2025
|
| | | | 7,654 | | | | | | | | | ||
|
December 31, 2025
|
| | | | | | | | | | 5,442 | | | ||
|
February 1, 2026
|
| | | | 5,442 | | | | | | | | | ||
Yanina A. Kravtsova
|
| |
December 31, 2022
|
| | | | 6,218 | | | | | | | | |
|
January 29, 2023
|
| | | | 6,515 | | | | | | | | | ||
|
December 31, 2023
|
| | | | | | | | | | 6,515 | | | ||
|
January 29, 2024
|
| | | | 6,515 | | | | | | | | | ||
|
December 31, 2024
|
| | | | | | | | | | 7,034 | | | ||
|
January 27, 2025
|
| | | | 7,034 | | | | | | | | | ||
|
December 31, 2025
|
| | | | | | | | | | 5,001 | | | ||
|
February 1, 2026
|
| | | | 5,001 | | | | | | | | |
Name
|
| |
Number of Units
Acquired Upon Vesting (#) |
| |
Value Realized
Upon Vesting ($) |
| ||||||
Thomas Meth
|
| | | | 41,022 | | | | | $ | 2,833,159 | | |
John K. Keppler
|
| | | | 116,796 | | | | | $ | 8,082,985 | | |
Shai S. Even
|
| | | | 51,889 | | | | | $ | 3,614,635 | | |
William H. Schmidt, Jr.
|
| | | | 50,012 | | | | | $ | 3,456,740 | | |
E. Royal Smith
|
| | | | 34,438 | | | | | $ | 2,389,152 | | |
Yanina A. Kravtsova
|
| | | | 8,892 | | | | | $ | 619,425 | | |
Benefits and Payments
|
| |
Change in Control
Termination |
| |
Termination
Without Cause, for Good Reason or Death or Disability |
| ||||||
Thomas Meth | | | | | | | | | | | | | |
Cash Severance
|
| | | $ | 3,750,000 | | | | | $ | 2,812,500 | | |
Accelerated Equity Awards
|
| | | | 4,534,391 | | | | | | 4,534,391 | | |
Health Benefits
|
| | | | 33,166 | | | | | | 33,166 | | |
Total | | | | $ | 8,317,557 | | | | | $ | 7,380,057 | | |
Benefits and Payments
|
| |
Change in Control
Termination |
| |
Termination
Without Cause, for Good Reason or Death or Disability |
| ||||||
Shai S. Even | | | | | | | | | | | | | |
Cash Severance
|
| | | $ | 1,653,750 | | | | | $ | 1,102,500 | | |
Accelerated Equity Awards
|
| | | | 6,093,086 | | | | | | 6,093,086 | | |
Health Benefits
|
| | | | 38,463 | | | | | | 25,642 | | |
Total | | | | $ | 7,785,299 | | | | | $ | 7,221,228 | | |
William H. Schmidt, Jr. | | | | | | | | | | | | | |
Cash Severance
|
| | | $ | 1,771,875 | | | | | $ | 1,181,250 | | |
Accelerated Equity Awards
|
| | | | 5,795,554 | | | | | | 5,795,554 | | |
Health Benefits
|
| | | | 38,463 | | | | | | 25,642 | | |
Total | | | | $ | 7,605,892 | | | | | $ | 7,002,446 | | |
E. Royal Smith | | | | | | | | | | | | | |
Cash Severance
|
| | | $ | 882,450 | | | | | $ | 882,450 | | |
Accelerated Equity Awards
|
| | | | 3,862,413 | | | | | | 3,862,413 | | |
Health Benefits
|
| | | | 22,110 | | | | | | 22,110 | | |
Total | | | | $ | 4,766,973 | | | | | $ | 4,766,973 | | |
Yanina A. Kravtsova | | | | | | | | | | | | | |
Cash Severance
|
| | | $ | 760,000 | | | | | $ | 760,000 | | |
Accelerated Equity Awards
|
| | | | 2,639,654 | | | | | | 2,639,654 | | |
Health Benefits
|
| | | | 22,060 | | | | | | 22,060 | | |
Total | | | | $ | 3,421,714 | | | | | $ | 3,421,714 | | |
|
Name
|
| |
Fees Earned in Cash
|
| |
Unit Awards(1)
|
| |
Total
|
| |||||||||
Ralph Alexander
|
| | | $ | 140,000 | | | | | $ | 157,417 | | | | | $ | 297,417 | | |
John C. Bumgarner, Jr.
|
| | | | 106,875 | | | | | | 157,417 | | | | | | 264,292 | | |
Martin N. Davidson
|
| | | | 62,500 | | | | | | 204,443 | | | | | | 266,943 | | |
Jim H. Derryberry(3)
|
| | | | 62,500 | | | | | | 173,093 | | | | | | 235,593 | | |
Fauzul Lakhani(3)
|
| | | | 31,250 | | | | | | — | | | | | | 31,250 | | |
Gerrit (“Gerrity”) L. Lansing, Jr.
|
| | | | 46,875 | | | | | | 220,878 | | | | | | 267,753 | | |
Pierre F. Lapeyre, Jr.(3)
|
| | | | 125,000 | | | | | | — | | | | | | 125,000 | | |
David M. Leuschen(3)
|
| | | | 125,000 | | | | | | — | | | | | | 125,000 | | |
Jeffrey W. Ubben(2)
|
| | | | 93,750 | | | | | | 157,417 | | | | | | 251,167 | | |
Gary L. Whitlock
|
| | | | 125,000 | | | | | | 157,417 | | | | | | 282,417 | | |
Janet S. Wong
|
| | | | 145,000 | | | | | | 157,417 | | | | | | 302,417 | | |
Eva T. Zlotnicka(2)
|
| | | | 52,500 | | | | | | 210,035 | | | | | | 262,535 | | |
Year | | | Summary Compensation Table Total for John K. Keppler(1) | | | Compensation Actually Paid to John K. Keppler(1)(4) | | | Summary Compensation Table Total for Thomas Meth(1) | | | Compensation Actually Paid to Thomas Meth(1)(4) | | | Average Summary Compensation Table Total for Non-PEO NEOs(1) | | | Average Compensation Actually Paid to Non-PEO NEOs(1)(4) | | | Value of Initial Fixed $100 Investment Based On: | | | | |||||||||||||||||||||||||||||||||||||
| TSR(2) | | | Peer Group TSR(2) | | | Net Income | | | EBITDA | | ||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | | | (b) | | | (c) | | | (b) | | | (c) | | | (d) | | | (e) | | | (f) | | | (g) | | | (h) | | | (i) | | ||||||||||||||||||||||||||||||
2022 | | | | | | | | | | ( | | | | | | | | | | | ( | | | | | | | | | | | ( | | | | | | | | | | | | | | | | ( | | | | | | | | ||||||
2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ( | | | | | | | | |||||||
2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ( | | | | | | | |
Year | | | PEO #1 | | | PEO #2 | | | Non-PEO NEOs | |
2022 | | | (January 1, 2022 – November 14, 2022) | | | (November 14, 2022 – December 31, 2022) | | | Shai S. Even William H. Schmidt, Jr. E. Royal Smith | |
2021 & 2020 | | | | | | | | | Shai S. Even Thomas Meth William H. Schmidt, Jr. E. Royal Smith | |
| | | 2022 John K. Keppler | | | 2022 Thomas Meth | | | 2021 John K. Keppler | | | 2020 John K. Keppler | |
PEO SUMMARY COMPENSATION TABLE TOTALS | | | $ | | | $ | | | $ | | | $ | |
Add (Subtract): | | | | | | | | | | | | | |
Fair value of equity awards granted during the year from the Summary Compensation Table | | | ( | | | ( | | | ( | | | ( | |
Fair value at year end of equity awards granted during the year | | | | | | | | | | | | | |
Change in fair value of equity awards granted in prior years that were unvested as of the end of the year | | | ( | | | ( | | | | | | | |
Change in fair value of equity awards granted in prior years that vested during the year | | | | | | | | | | | | | |
Equity awards granted in prior years that were forfeited during the year | | | — | | | — | | | — | | | — | |
Dividends or other earnings paid on equity awards during the year | | | | | | | | | | | | | |
Total Equity Award Related Adjustments | | | ( | | | ( | | | | | | | |
COMPENSATION ACTUALLY PAID TOTALS | | | $( | | | $( | | | $ | | | $ | |
| | | 2022 | | | 2021 | | | 2020 | |
NON-PEO NEOS SUMMARY COMPENSATION TABLE TOTALS | | | $ | | | $ | | | $ | |
Add (Subtract): | | | | | | | | | | |
Fair value of equity awards granted during the year from the Summary Compensation Table | | | ( | | | ( | | | ( | |
Fair value at year end of equity awards granted during the year | | | | | | | | | | |
Change in fair value of equity awards granted in prior years that were unvested as of the end of the year | | | ( | | | | | | | |
Change in fair value of equity awards granted in prior years that vested during the year | | | | | | | | | | |
Equity awards granted in prior years that were forfeited during the year | | | — | | | — | | | — | |
Dividends or other earnings paid on equity awards during the year | | | | | | | | | | |
Total Equity Award Related Adjustments | | | ( | | | | | | | |
AVERAGE COMPENSATION ACTUALLY PAID TOTALS | | | $( | | | $ | | | $ | |
| | |
Shares Beneficially Owned
|
| |
Projected Beneficial
Ownership Upon Approval of the Issuance Proposal Common Stock(1)(3) |
| ||||||||||||||||||||||||||||||||||||
| | |
Common Stock(1)
|
| | | | | | | |
Preferred Shares(2)
|
| ||||||||||||||||||||||||||||||
Name of Beneficial Owner
|
| |
Shares
|
| |
%
|
| |
Voting
Power(2) |
| |
Shares
|
| |
%
|
| |
Shares
|
| |
%
|
| |||||||||||||||||||||
Greater than 5% Owner | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment Funds Affiliated with Riverstone Holdings, LLC(4)
|
| | | | 28,438,697 | | | | | | 42.0% | | | | | | 42.0% | | | | | | 3,977,723 | | | | | | 60.2% | | | | | | 32,416,420 | | | | | | 43.6% | | |
Investment Funds Affiliated with Inclusive Capital Partners,
L.P.(5) |
| | | | 5,750,457 | | | | | | 8.5% | | | | | | 8.5% | | | | | | 1,856,271 | | | | | | 28.1% | | | | | | 7,606,728 | | | | | | 10.2% | | |
Named Executive Officers, Directors,
and Director Nominees |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ralph Alexander(6)
|
| | | | 9,165 | | | | | | * | | | | | | * | | | | | | 2,651 | | | | | | * | | | | | | 11,816 | | | | | | * | | |
John C. Bumgarner, Jr.(7)
|
| | | | 259,951 | | | | | | * | | | | | | * | | | | | | 53,036 | | | | | | * | | | | | | 312,987 | | | | | | * | | |
Martin N. Davidson
|
| | | | 3,156 | | | | | | * | | | | | | * | | | | | | — | | | | | | — | | | | | | 3,156 | | | | | | * | | |
Jim H. Derryberry
|
| | | | 2,684 | | | | | | * | | | | | | * | | | | | | — | | | | | | — | | | | | | 2,684 | | | | | | * | | |
Shai S. Even
|
| | | | 398,790 | | | | | | * | | | | | | * | | | | | | — | | | | | | — | | | | | | 398,790 | | | | | | * | | |
John K. Keppler(8)
|
| | | | 352,444 | | | | | | * | | | | | | * | | | | | | 13,259 | | | | | | * | | | | | | 365,703 | | | | | | * | | |
Yanina A. Kravtsova
|
| | | | 102,804 | | | | | | * | | | | | | * | | | | | | — | | | | | | — | | | | | | 102,804 | | | | | | * | | |
Roxanne B. Klein
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Gerrit (“Gerrity”) L. Lansing, Jr.
|
| | | | 8,477 | | | | | | * | | | | | | * | | | | | | — | | | | | | * | | | | | | 8,477 | | | | | | * | | |
Pierre F. Lapeyre, Jr.(4)
|
| | | | 28,438,697 | | | | | | 42.0% | | | | | | 42.0% | | | | | | 3,977,723 | | | | | | 60.2% | | | | | | 32,416,420 | | | | | | 43.6% | | |
| | |
Shares Beneficially Owned
|
| |
Projected Beneficial
Ownership Upon Approval of the Issuance Proposal Common Stock(1)(3) |
| ||||||||||||||||||||||||||||||||||||
| | |
Common Stock(1)
|
| | | | | | | |
Preferred Shares(2)
|
| ||||||||||||||||||||||||||||||
Name of Beneficial Owner
|
| |
Shares
|
| |
%
|
| |
Voting
Power(2) |
| |
Shares
|
| |
%
|
| |
Shares
|
| |
%
|
| |||||||||||||||||||||
David M. Leuschen(4)
|
| | | | 28,438,697 | | | | | | 42.0% | | | | | | 42.0% | | | | | | 3,977,723 | | | | | | 60.2% | | | | | | 32,416,420 | | | | | | 43.6% | | |
Thomas Meth
|
| | | | 459,909 | | | | | | * | | | | | | * | | | | | | 13,259 | | | | | | * | | | | | | 473,168 | | | | | | * | | |
William H. Schmidt, Jr.(9)
|
| | | | 428,798 | | | | | | * | | | | | | * | | | | | | — | | | | | | — | | | | | | 428,798 | | | | | | * | | |
E. Royal Smith
|
| | | | 288,043 | | | | | | * | | | | | | * | | | | | | — | | | | | | — | | | | | | 288,043 | | | | | | * | | |
Jeffrey W. Ubben(5)
|
| | | | 5,750,457 | | | | | | 8.5% | | | | | | 8.5% | | | | | | 1,856,271 | | | | | | 28.1% | | | | | | 7,606,728 | | | | | | 10.2% | | |
Gary L. Whitlock
|
| | | | 37,998 | | | | | | * | | | | | | * | | | | | | 26,518 | | | | | | * | | | | | | 64,516 | | | | | | * | | |
Janet S. Wong
|
| | | | 35,022 | | | | | | * | | | | | | * | | | | | | — | | | | | | — | | | | | | 35,022 | | | | | | * | | |
Eva T. Zlotnicka
|
| | | | 3,665 | | | | | | * | | | | | | * | | | | | | — | | | | | | — | | | | | | 3,665 | | | | | | * | | |
All directors and executive officers as a group (21 persons)
|
| | | | 36,646,666 | | | | | | 54.1% | | | | | | 54.1% | | | | | | 5,942,717 | | | | | | 90.0% | | | | | | 42,589,383 | | | | | | 57.3% | | |