2018 Guide to Effective Proxies

6 TH EDITION | GUIDE TO EFFECTIVE PROXIES 502 FREEPORT-MCMORAN, INC. GATX CORPORATION GOLDMAN SACHS GROUP, INC. GOODYEAR TIRE & RUBBER COMPANY Executive Compensation Tables Thetable below showsthetotalcompensationpaidtoorearned by ournamedexecutive officers.For amore detailed discussionofourexecutive compensationprogram, includingrecent changestoourprogram, see the sectiontitled“ExecutiveOfficer Compensation–CompensationDiscussionandAnalysis”beginningonpage 23. Summary CompensationTable Nameand PrincipalPosition Year Salary Bonus Stock Awards (1) Option Awards (2) Non-Equity IncentivePlan Compensation (3) Change inPension Valueand Nonqualified Deferred Compensation Earnings (4) AllOther Compensation (5) Total RichardC.Adkerson ViceChairman, PresidentandChief ExecutiveOfficer 2017 2016 2015 $1,541,667 1,250,000 1,250,000 — $1,000,000 — $7,286,646 6,874,440 2,145,510 $3,919,150 2,864,400 2,489,050 $2,704,800 1,385,000 — $2,201,935 2,029,631 1,874,626 $741,839 579,195 806,655 $18,396,037 15,982,666 8,570,791 KathleenL.Quirk ExecutiveVicePresident, ChiefFinancialOfficerand Treasurer 2017 2016 2015 775,000 650,000 650,000 — — — 4,131,584 4,468,386 1,370,743 1,955,770 1,861,200 1,634,000 1,577,800 1,260,350 — — — — 111,668 69,637 109,089 8,551,822 8,309,573 3,763,832 MichaelJ.Arnold ExecutiveVicePresident andChiefAdministrative Officer 2017 2016 2015 550,000 550,000 550,000 — — — 1,971,344 3,780,942 1,191,950 1,346,970 1,570,800 1,376,000 1,084,738 1,066,450 — — — — 128,568 95,790 105,934 5,081,620 7,063,982 3,223,884 HarryM.Conger,IV PresidentandChief OperatingOfficer– Americas 2017 2016 541,666 500,000 — — 1,474,704 1,947,758 1,346,970 818,400 1,084,738 1,114,925 — — 129,091 137,651 4,577,169 4,518,734 Adjusted Summary CompensationTable–CEO* Name Year Salary Bonus Stock Awards (1) Option Awards (2) Non-Equity IncentivePlan Compensation (3) Change inPension Valueand Nonqualified Deferred Compensation Earnings (4) AllOther Compensation (5) Total RichardC. Adkerson 2017 2016 $1,541,667 1,250,000 — $1,000,000 $4,306,806 9,854,280 $3,919,150 2,864,400 $2,704,800 1,385,000 $2,201,935 2,029,631 $741,839 579,195 $15,416,197 18,962,506 * Thistable reflects anadjustmentinthetimingofthedisclosureofcertainRSUawards. Aspreviously disclosed,during2017,Mr.Adkersonreceived aspecialaward inconsiderationof2016 performance, withtheaward delivered partiallyincashandpartiallyinRSUs.InaccordancewithSECreporting requirements, thecashandstockportionsoftheaward are required tobe reported indifferent years intheSummaryCompensationTable.The“adjusted”table above reflects theentire award in2016. For additionalinformation,see thesectiontitled“CEO2016 and2017 CompensationDeterminations andImpactofSECReporting RulesRelatingtoOne-TimeSpecialAward for 2016 Performance” on page 27. 42 Freeport-McMoRan ⎪ 2018 ProxyStatement EXECUTIVECOMPENSATIONTABLES Grants of Plan-Based Awards Table EstimatedPossiblePayouts UnderNon-EquityIncentive PlanAwards (1) EstimatedFuturePayouts UnderEquityIncentivePlan Awards (2) AllOther OptionAwards: Numberof Securities Underlying Exercise orBase Priceof Option Closing Price on Dateof Grant DateFair Valueof Stock &Option Name GrantDate Threshold ($) Target ($) Maximum ($) Threshold (#) Target (#) Maximum (#) Options (#)(3) Awards ($) Grant ($) Awards ($) (a) (b) (c) (d) (e) (f) (g) (h) (j) (k) (l) (m) BrianA.Kenney 1/1/2016 669,550 956,500 1,626,050 1/28/2016 109,100 39.185 1,512,126 1/28/2016 9,545 38,180 76,360 1,496,083 RobertC.Lyons 1/1/2016 256,556 366,508 623,064 1/28/2016 27,600 39.185 382,536 1/28/2016 2,415 9,660 19,320 378,527 JamesF.Earl 1/1/2016 303,433 433,475 736,908 1/28/2016 26,500 39.185 367,290 1/28/2016 2,318 9,270 18,540 363,245 ThomasA.Ellman 1/1/2016 191,100 273,000 464,100 1/28/2016 22,400 39.185 310,464 1/28/2016 1,958 7,830 15,660 306,819 DeborahA.Golden 1/1/2016 180,306 257,580 437,886 1/28/2016 17,100 39.185 237,006 1/28/2016 1,498 5,990 11,980 234,718 (1) Amountsshown reflecttarget,threshold,and maximumannual incentive payoutsfor2016undertheGATXCashIncentiveCompensationPlan basedontheachievementofincomegoals.Thresholdamountsrepresent70%oftargetbasedonthefinancialgoalthreshold. (2) Amountsshownreflectthenumberofperformancesharesgrantedin2016undertheGATX2012IncentiveAwardPlan.Thepercentageofeach performance share award that will be earned is based upon the achievement of two equally weighted performance goals: three-year average returnonequityandthree-yearcumulativeinvestmentvolume. (3) AmountsshownreflectthenumberofNQSOsgrantedin2016undertheGATX2012IncentiveAwardPlan. Narrative Discussion Related to the Summary Compensation Table and Grants of Plan-Based Awards Table Annual Incentive Awards In 2016, our NEOs were eligible for annual incentive awards based solely on financial performance goals measured in terms of GATX net income. The target incentive awards were payable at 100% of targeted net income. Threshold and maximum incentive awards (70% and 170%, respectively, of the target awards) were payable at 80% and 140% or more of targeted net income. Based on individual targets and on actual net income as described in the Compensation Discussion and Analysis , 2016 incentive payouts under the GATX Cash Incentive Compensation Plan are shown in column (g) of the Summary Compensation Table. GATX net income achievement for 2016 was $235.9 million 1 for incentive payout purposes, or 108.0% of target, resulting in payoutsat112.1%oftarget. 1 Forannualincentiveawardpurposes,netincomeexcludednetbenefitof$21.2millionfromTaxAdjustmentsandOtherItems. ForareconciliationofnetincomeusedforannualincentiveawardpurposestonetincomecalculatedinaccordancewithGAAPandusedinour financialstatements,pleaseseeExhibitBtothisProxyStatement. 44 GATXCORPORATION - 2017ProxyStatement PMT Insert EXECUTIVE COMPENSATION Summary Compensation Table ThetablebelowsetsforthinformationregardingthecompensationoftheCEO,theChiefFinancialOfficerofGoodyear(the “CFO”),andthepersonswhowere,atDecember31,2017,theotherthreemosthighlycompensatedexecutiveofficersof Goodyear(collectively,the“namedexecutiveofficers”)forservicesinallcapacitiestoGoodyearanditssubsidiariesduring 2015,2016and2017. Nameand PrincipalPosition Year Salary ($) Bonus ($) Stock Awards ($) 1 Option Awards ($) 2 Non-Equity IncentivePlan Compensation ($) 3 Changein Pension Valueand Nonqualified Deferred Compensation Earnings ($) 4 AllOther Compensation ($) 5 Total ($) RichardJ.Kramer 2017 $1,300,000 $0 $2,221,806 $3,194,991 $ 1,305,598 $2,678,203 $145,161 $10,845,759 ChairmanoftheBoard, 2016 1,233,333 0 2,132,331 3,089,998 9,667,094 3,509,123 166,225 19,798,104 ChiefExecutiveOfficer 2015 1,100,000 0 2,052,344 2,940,000 11,577,753 1,535,672 102,031 19,307,800 andPresident LauraK.Thompson 2017 650,000 0 495,463 712,490 298,192 1,350,719 40,216 3,547,080 ExecutiveVicePresident 2016 621,667 0 476,135 689,989 1,722,680 1,547,999 46,801 5,105,271 andChiefFinancialOfficer 2015 551,667 0 314,120 449,992 2,114,933 662,960 43,791 4,137,463 StephenR.McClellan 2017 623,333 0 448,532 645,000 260,672 973,956 44,447 2,995,940 President,Americas 2016 610,000 0 424,386 614,989 1,917,080 1,504,591 46,008 5,117,054 2015 541,250 0 445,029 637,494 2,657,663 455,714 43,960 4,781,110 ChristopherR.Delaney 2017 555,000 0 889,126 548,989 214,854 289,281 25,133 2,522,383 President, Europe,MiddleEastandAfrica DavidL.Bialosky 2017 577,667 0 339,001 487,488 193,392 635,619 25,736 2,258,903 SeniorVicePresident, 2016 565,000 0 320,859 464,999 1,799,560 629,586 25,550 3,805,554 GeneralCounseland 2015 555,000 0 414,655 593,999 2,377,381 424,167 25,107 4,390,309 Secretary 1 Representstheaggregategrantdatefairvalueasoftherespectivegrantdateforeachaward.Themaximumamounttobeawardedwithrespecttothe equityportionofourlong-termincentiveawardsforeachofthenamedexecutiveofficersisshownintheGrantsofPlan-BasedAwardsTableinthecolumn “EstimatedFuturePayoutsUnderEquityIncentivePlanAwards—Maximum.”Theassumptionsmadeinvaluingstockawardsreportedinthiscolumnare discussedinNotetotheConsolidatedFinancialStatementsNo.1,“AccountingPolicies”under“Stock-BasedCompensation”andNotetotheConsolidated FinancialStatementsNo.18,“StockCompensationPlans”includedinGoodyear’sAnnualReportfortheyearendedDecember31,2017.Foradditional informationregardingsuchgrants,see“CompensationDiscussionandAnalysis—Long-TermCompensation—2017GrantsofPerformance-Based Incentives”and“—2017RestrictedStockAwards.”Seealso“GrantsofPlan-BasedAwards”below. 2 Representstheaggregategrantdatefairvalueasoftherespectivegrantdateforeachaward.Theassumptionsmadeinvaluingoptionawardsreportedin thiscolumnarediscussedinNotetotheConsolidatedFinancialStatementsNo.1,“AccountingPolicies”under“Stock-BasedCompensation”andNoteto theConsolidatedFinancialStatementsNo.18,“StockCompensationPlans”includedinGoodyear’sAnnualReportfortheyearendedDecember31,2017. Foradditionalinformationregardingsuchgrants,see“CompensationDiscussionandAnalysis—Long-TermCompensation—2017StockOptionGrants.” Seealso“GrantsofPlan-BasedAwards”below. 3 Representsamountsawardedunderourannualandlong-termincentivecompensationplans.Foradditionalinformationregardingannualcashincentive awardsin2017,see“CompensationDiscussionandAnalysis—AnnualCompensation—2017AnnualCashIncentivePayouts.” 49 CompensationMatters |ExecutiveCompensation 2017SUMMARYCOMPENSATIONTABLE NAMEAND PRINCIPALPOSITION YEAR SALARY($) BONUS ($) STOCK AWARDS (a) ($) CHANGEIN PENSION VALUE($) ALLOTHER COMPENSATION (b) ($) TOTAL ($) LloydC.Blankfein ChairmanandCEO 2017 2,000,000 4,400,000 15,240,145 4,909 350,212 21,995,266 2016 2,000,000 4,000,000 13,867,044 2,524 337,330 20,206,898 2015 2,000,000 6,300,000 13,909,078 — 377,074 22,586,152 DavidM.Solomon PresidentandCo-COO 2017 1,850,000 5,745,000 8,547,708 196 233,207 16,376,111 HarveyM.Schwartz (retiring) PresidentandCo-COO 2017 1,850,000 5,745,000 12,101,601 533 161,189 19,858,323 2016 1,850,000 5,445,000 12,645,627 235 164,099 20,104,961 2015 1,850,000 5,745,000 12,739,520 — 200,282 20,534,802 R.MartinChavez ExecutiveVicePresidentandCFO 2017 1,733,333 5,180,000 8,679,168 — 141,329 15,733,830 RichardJ.Gnodde ViceChairman 2017 6,995,000 (c) — 9,258,175 35,477 105,766 16,394,418 PabloJ.Salame ViceChairman 2017 1,850,000 3,795,000 8,679,168 994 180,318 14,505,480 Note:Mr.ChavezbecameourCFOinMay2017.Priortothattime,Mr.SchwartzservedasourCFO.Mr.Schwartzwillberetiringfromthefirm onApril20,2018. (a)Amountsincludedfor2017representthegrantdatefairvalue,inaccordancewiththeFinancialAccountingStandardsBoard’sAccounting StandardsCodification718“Compensation—StockCompensation”(ASC718),ofRSUsandPSUsgrantedinJanuary2017forservicesin 2016(2016Year-EndRSUsand2016Year-EndPSUs,respectively).ForMr.Gnodde,2016Year-EndRSUsalsoincludetheequity-based componentofhis2016fixedallowance(2016FixedAllowanceRSUs).Grantdatefairvaluefor2016Year-EndRSUsand2016Year-EndPSUs isdeterminedbymultiplyingtheaggregatenumberofunitsby$231.41,theclosingpricepershareofCommonStockontheNYSEon January19,2017,thegrantdate.For2016Year-EndRSUsgrantedtoMessrs.Solomon,ChavezandSalame,aswellasthe2016Fixed AllowanceRSUsgrantedtoMr.Gnodde,thevalueincludesanapproximately12%liquiditydiscounttoreflectthetransferrestrictionsonthe CommonStockunderlyingtheseRSUs.For2016Year-EndRSUsgrantedtoMr.Gnoddeotherthanthe2016FixedAllowanceRSUs,thevalue includesanapproximately6%liquiditydiscounttoreflectthetransferrestrictionsontheCommonStockunderlyingtheseRSUs.Forthe portionofthe2016Year-EndPSUsgrantedtoMessrs.BlankfeinandSchwartzthatarestock-settled,thevalueincludesanapproximately10% liquiditydiscounttoreflectthetransferrestrictionsontheCommonStockunderlyingthesePSUs.Amountsincludedfor2016representthe grantdatefairvalue,inaccordancewithASC718,ofRSUsandPSUsgrantedinJanuary2016forservicesin2015(2015Year-EndRSUsand 2015Year-EndPSUs,respectively).Grantdatefairvaluefor2015Year-EndRSUsand2015Year-EndPSUsisdeterminedbymultiplyingthe aggregatenumberofunitsby$151.65,theclosingpricepershareofCommonStockontheNYSEonJanuary21,2016,thegrantdate.The valuefor2015Year-EndRSUsincludesanapproximately11%liquiditydiscounttoreflectthetransferrestrictionsontheCommonStock underlyingthese2015Year-EndRSUs.Amountsincludedfor2015representthegrantdatefairvalue,inaccordancewithASC718,ofRSUs andPSUsgrantedinJanuary2015forservicesin2014(2014Year-EndRSUsand2014Year-EndPSUs,respectively).Grantdatefairvaluefor 2014Year-EndRSUsand2014Year-EndPSUsisdeterminedbymultiplyingtheaggregatenumberofunitsby$175.63,theclosingpriceper shareofCommonStockontheNYSEonJanuary20,2015,thegrantdate.Thevaluefor2014Year-EndRSUsincludesanapproximately10% liquiditydiscounttoreflectthetransferrestrictionsontheCommonStockunderlyingthese2014Year-EndRSUs. (b)Thefollowingchart,togetherwiththeaccompanyingnarrativefollowingfootnote(c),describesthebenefitsandperquisitesfor2017 containedinthe“AllOtherCompensation”columnabove. 58 GoldmanSachs | ProxyStatementforthe2018AnnualMeetingofShareholders