2018 Guide to Effective Proxies
2.18 Summary compensation table | 503 6 TH EDITION | GUIDE TO EFFECTIVE PROXIES HERBALIFE LTD HERSHEY COMPANY JOHNSON & JOHNSON MARTIN MARIETTA MATERIALS 2017 Summary compensation table ThefollowingtablesetsforththetotalcompensationforthefiscalyearsendedDecember31,2017,2016and2015,ofthe Company’sChiefExecutiveOfficer,ChiefFinancialOfficer,andeachofthethreeothermosthighlycompensatedexecutive officers. Nameand principalposition Year Salary ($) Stock Awards ($) (1) Option awards ($) (1) Non-equity incentiveplan compensation ($) (2) Allother compensation ($) (3) Total ($) MichaelO.Johnson 2017 902,356 — 2,500,012 1,618,172 330,392 (4) 5,350,932 ExecutiveChairman 2016 1,236,000 — 4,999,991 3,708,000 929,466 10,873,457 2015 1,236,000 — 4,999,996 2,781,000 836,570 9,853,566 RichardGoudis 2017 873,689 3,193,983 1,806,020 735,110 31,243 6,640,045 ChiefExecutiveOfficer 2016 675,680 — 1,805,997 918,925 40,249 3,440,851 2015 675,680 — 3,120,308 756,762 55,303 4,608,053 DesmondWalsh 2017 694,680 — 1,806,020 437,648 25,201 2,963,549 President 2016 675,680 — 1,805,997 918,925 34,287 3,434,889 2015 675,680 — 3,120,308 756,762 51,871 4,604,621 JohnG.DeSimone 2017 619,000 — 1,735,021 365,597 22,552 2,742,170 ChiefFinancialOfficer 2016 600,000 — 1,735,009 900,000 22,860 3,257,869 2015 600,000 — 2,073,151 900,000 39,005 3,612,156 DavidPezzullo (5) 2017 485,699 549,976 683,251 310,078 21,402 2,050,407 ChiefOperatingOfficer — — — — — — — — — — — — — — (1) Amountsrepresenttheaggregategrantdatefairvalueoftherelevantaward(s)presentedinaccordancewithASCTopic718, “Compensation—StockCompensation.”Seenote9ofthenotestoconsolidatedfinancialstatementsincludedintheCompany’s AnnualReportonForm10-KfortheyearendedDecember31,2017regardingassumptionsunderlyingvaluationofequityawards. Forthe2017PSUgrants,thegrantdatefairvalueofsuchawards,assumingperformanceatthemaximumlevel,wouldbe $6,387,965,forMr.Goudis’award,and$1,099,953,forMr.Pezzullo’saward. (2) Incentiveplanamountsdeterminedasmorespecificallydiscussedunder“—CompensationDiscussionandAnalysis—Annual IncentiveAwards&LongTermIncentiveProgram—TargetsandAwardDetermination.” (3) Individualbreakdownsofamountssetforthin“AllOtherCompensation”for2017areasfollows: Name Deferred compensation planmatching contributions (A) $ Executivelife insurance $ 401(k)plan– matching contributions $ Totalallother compensation $ MichaelO.Johnson 22,563 12,798 9,450 44,811 RichardGoudis 20,893 900 9,450 31,243 DesmondWalsh 14,851 900 9,450 25,201 JohnG.DeSimone 12,202 900 9,450 22,552 DavidPezzullo 11,052 900 9,450 21,402 (A) RepresentstheCompany’smatchingcontributionearnedin2017butcreditedtotheNEO’saccountin2018. (4) Includes(i)$97,297attributabletonon-businessuseofprivateaircraftand(ii)$188,284attributablehomesecuritymonitoring services.EffectiveJune1,2017,Mr.JohnsonhadnofurtheraccesstoCompany-charteredaircraftforpersonaluse.Further,home securitymonitoringserviceswereeliminatedeffectiveJune1,2017forallemployeesunlessthereisaknownsecuritythreattoone oftheNEOs. (5) Mr.PezzullowasanNEOforthefirsttimeinfiscal2017.Accordingly,onlyinformationrelatingtohisfiscal2017compensationis includedinthecompensationtablesandrelateddiscussionsofNEOcompensation. Executivecompensation 51 2017 Summary Compensation Table Thefollowing table and explanatoryfootnotes provide information regardingcompensation earned by, held by, or paid to, individuals holdingthe positions of Chief (Principal) ExecutiveOfficer and Chief (Principal) FinancialOfficer during 2017and the three most highlycompensated of our other executive officers, which collectively comprise our NEOs. Inaccordance with SECrules, information is included for Mr. Bilbreywho ceased to serve as an Officer of the Companyin March 2017. Thefollowing table provides information with respect to 2017, as well as 2016and 2015compensation where required. 2015and 2016information is not provided for Mr. Tillemans and Ms. West because they were not NEOs in those years. Nameand Principal Position (1) Year Salary (2) ($) Bonus (3) ($) Stock Awards (4) ($) Option Awards (5) ($) Non- Equity Incentive Plan Compen- sation (6) ($) Changein Pension Value and Non-Qualified Deferred Compensation Earnings (7) ($) All Other Compen- sation (8) ($) Total ($) (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) Ms.Buck 2017 1,043,462 – 3,986,306 1,243,048 1,307,941 2,491,271 202,573 10,274,601 PresidentandCEO 2016 720,352 – 6,208,007 356,418 713,907 832,570 67,490 8,898,744 2015 655,310 – 746,418 685,505 403,015 587,394 73,220 3,150,862 Ms.Little 2017 645,809 – 1,114,210 342,326 531,541 – 251,353 2,885,239 SeniorVicePresident,CFO 2016 629,412 – 2,067,059 368,695 559,457 – 194,425 3,819,048 2015 482,308 – 2,172,076 510,003 288,805 – 246,579 3,699,771 Mr.O’Day 2017 606,003 – 2,326,600 379,181 463,975 – 218,867 3,994,626 SeniorVicePresident, ChiefProductSupplyand TechnologyOfficer 2016 590,061 – 1,354,674 252,782 466,330 – 188,577 2,852,424 2015 572,845 – 538,594 485,067 269,435 – 168,052 2,033,993 Mr.Tillemans 2017 468,750 438,000 1,197,508 218,822 373,163 – 593,371 3,289,614 President,U.S. Ms.West 2017 437,500 1,350,000 5,068,455 377,026 394,840 – 277,918 7,905,739 SeniorVicePresident, ChiefGrowthOfficer Mr.Bilbrey 2017 223,431 – 4,870,650 1,470,893 377,491 – 3,312,855 10,255,320 Non-ExecutiveChairmanofthe BoardandformerPresident andCEO 2016 1,240,753 – 5,031,976 1,470,896 2,100,725 2,700,403 134,823 12,679,576 2015 1,204,616 – 3,146,305 2,844,073 1,005,930 2,438,084 170,991 10,809,999 (1) Mr.BilbreywasChairmanoftheBoard,PresidentandCEOthroughFebruary28,2017,retiringfromthepositionofPresidentand CEOonMarch1,2017.Mr.Bilbreycontinuestoserveasnon-executiveChairmanoftheBoard.Ms.BuckservedasExecutiveVice President,COOuntilMarch1,2017,whenshewaspromotedtoPresidentandCEO.OnMay2,2017,Mr.O’Daywasappointed SeniorVicePresident,ChiefProductSupplyandTechnologyOfficer.Previously,heservedastheSeniorVicePresident,Chief SupplyChainOfficer.OnApril3,2017,Mr.TillemanswashiredasPresident,U.S.andonMay1,2017,Ms.Westwashiredas SeniorVicePresident,ChiefGrowthOfficer. (2) Column(c)reflectsbasesalaryearned,onanaccrualbasis,fortheyearsindicatedandincludesIRCSection125deductions pursuanttoTheHersheyCompanyFlexibleBenefitsPlanandamountsdeferredbytheNEOsinaccordancewiththeprovisionsof the401(k)plan. (3) WiththeexceptionofMr.TillemansandMs.West,Column(d)indicatesthatnodiscretionarybonuseswerepaidtotheNEOsin 2017,2016or2015.Mr.TillemansandMs.West,whojoinedtheCompanyinApril2017andMay2017,respectively,eachreceiveda cashsign-onbonustoreplaceawardsforfeitedattheirprioremployers. (4) Column(e)showstheaggregategrantdatefairvalueofRSUsandcontingenttargetPSUawardsgrantedtotheNEOsintheyears indicated.TheassumptionsusedtodeterminethegrantdatefairvalueofawardslistedinColumn(e)aresetforthinNote10tothe Company’sConsolidatedFinancialStatementsincludedinour2017AnnualReportonForm10-KthataccompaniesthisProxy Statement.TheamountsinColumn(e)donotreflectthevalueofsharesactuallyreceivedorwhichmaybereceivedinthefuture withrespecttosuchawards. 63 Executive Compensation Executive Officer Compensation The following tables show annual and long-term compensation, for services in all capacities to Martin Marietta, earned by the Chief Executive Officer, each individual who served as Chief Financial Officer during 2017, and three other executive officers serving as such on December 31, 2017, which we refer to collectively in this section of this proxy statement as the “named executive officers” or “NEOs.” These tables and the accompanying narratives should be read in conjunction with the Compensation Discussion and Analysis sectionofthisproxystatement,whichprovidesadetailedoverviewofthemethodsusedbyMartinMariettatocompensateitsofficers, includingthenamedexecutiveofficers. Summary Compensation Table The table below summarizes the total compensation paid to or earned by each of the named executive officers for the fiscal years set forthbelow.MartinMariettahasnotenteredintoanyemploymentagreementswithanyofthenamedexecutiveofficers. SUMMARYCOMPENSATIONTABLE Nameand PrincipalPosition (a) Year (b) Salary ($) (c) Bonus ($) 1 (d) Stock Awards ($) 2 (e) Option Awards ($) 3 (f) Non-Equity IncentivePlan Compensation ($) 4 (g) Changein PensionValue andNon- Qualified Deferred Compensation Earnings ($) 5 (h) AllOther Compensation ($) 6 (i) Total ($) (j) C.HowardNye Chairman,President andCEO 2017 1,039,167 — 5,431,412 — 1,000,000 1,414,782 103,804 8,989,165 2016 1,005,000 1,300,000 4,682,240 — 687,864 364,227 8,039,331 2015 977,500 603,606 1,697,067 731,763 496,430 241,027 4,747,393 JamesA.J.Nickolas SeniorVice PresidentandCFO 2017 172,936 — 1,320,232 — 162,127 25,995 8,534 1,689,824 RoselynR.Bar ExecutiveVicePresident, GeneralCounseland CorporateSecretary 2017 511,383 — 1,433,583 — 475,586 1,039,249 52,062 3,511,863 2016 496,583 498,967 1,001,335 — 528,522 100,915 2,626,322 2015 445,121 241,033 491,597 190,732 276,972 76,735 1,722,190 DonaldA.McCunniff SeniorVicePresident, HumanResources 2017 382,250 — 1,044,225 — 321,090 292,574 51,251 2,091,390 2016 370,050 323,276 629,840 — 160,803 71,038 1,555,007 2015 359,425 191,214 397,832 153,682 116,533 64,564 1,283,250 DanielL.Grant SeniorVicePresident, Strategy&Development 2017 360,433 — 947,503 — 255,457 193,221 38,825 1,795,439 2016 349,250 303,149 525,032 — 98,052 63,434 1,338,917 2015 339,083 180,392 292,075 83,853 130,575 56,853 1,082,831 FormerExecutiveOfficer: AnneH.Lloyd ExecutiveVice PresidentandCFO 2017 580,423 — 1,353,145 — 446,227 869,162 78,089 3,327,046 2016 540,850 526,139 1,067,845 — 490,109 91,421 2,716,364 2015 525,325 319,398 603,530 233,668 253,253 88,118 2,023,292 1 Theamountsincolumn(d)for2016and2015reflectthecashbonusestothenamedindividuals earnedunderannualincentivearrangements.The amounts in this column include the amounts of bonus irrevocably deferred in common stock units at the election of each named executive officer pursuant to Martin Marietta’s Incentive Stock Plan, which is discussed in further detail on page 46 under the heading “Annual Incentive Feature: Performance-BasedStockPurchasePlan.” Column(e)includestheamountsmandatorilydeferredin2016and2015undertheIncentiveStockPlan. 2018PROXYSTATEMENT 51 Executive Compensation Tables 2018ProxyStatement-68 Summary Compensation Table Inthetablebelow,weshowthecompensationofourChiefExecutiveOfficer,ChiefFinancialOfficerandthethreeother mosthighlycompensatedexecutiveofficersfor2017.Wealsoshowtheircompensationfor2016and2015iftheywere namedinthe2017and2016ProxyStatements.Foracompleteunderstandingofthetable,pleasereadthedescriptionsof eachcolumnthatfollowthetable. NoteonChangesinPensionValues Onpage71weshowtheimpactofchangesinmortalityandinterestrateassumptionsonthe2017changeinpension valuesincludedincolumnG.In2017,thesechangesinassumptionsaddedapproximately$2.9milliontoourChief ExecutiveOfficer’stotalcompensation.Thisis98%ofthe2017-2018year-on-yeardifferenceinhistotalcompensation. A B C D E F G H I NameandPrincipal Position Year Salary ($) Stock Awards ($) Option Awards ($) Non-Equity IncentivePlan Compensation ($) Changein PensionV alue andNon- Qualified Deferred Compensation Earnings ($) AllOther Compensation ($) Total ($) AlexGorsky 2017 $1,600,000 $12,354,361 $5,054,398 $3,598,382 $6,959,144 $236,279 $29,802,564 Chairman,CEO 2016 1,600,000 10,608,901 4,118,398 4,652,556 5,663,771 228,094 26,871,720 2015 1,613,462 10,693,427 4,562,998 4,009,536 2,714,268 202,175 23,795,866 DominicCaruso 2017 932,600 4,263,779 1,756,706 2,156,680 2,467,265 159,172 11,736,202 EVP,CFO 2016 909,500 3,624,523 1,425,643 2,758,967 2,475,956 110,240 11,304,829 2015 922,577 3,497,099 1,458,603 2,772,796 925,536 112,789 9,689,400 SandraPeterson 2017 1,057,500 12,027,780 1,859,996 1,270,000 832,000 128,780 17,176,056 EVP,GroupWorldwide Chairman 2016 963,462 3,897,074 1,539,002 1,600,000 592,000 141,246 8,732,784 2015 908,654 3,504,177 1,574,621 1,125,000 367,000 147,000 7,626,452 JoaquinDuato 2017 897,254 11,483,016 1,650,003 1,928,262 3,329,047 71,726 19,359,308 EVP,WorldwideChairman Pharmaceuticals 2016 875,000 3,198,483 1,260,002 2,158,006 2,535,760 77,278 10,104,529 PaulusStoffels 2017 1,173,023 4,630,306 1,859,996 2,139,188 3,335,134 443,139 13,580,786 EVP,CSO 2016 1,144,000 4,383,454 1,750,317 2,425,461 2,642,012 380,232 12,725,476 2015 1,158,385 4,208,874 1,823,246 2,172,098 1,022,024 401,118 10,785,745 Salary(ColumnC) ColumnCincludesthebasesalariespaidfortheyear. U.S.salariedemployeesarepaidonabi-weeklyschedule.In2015,therewere27payperiodsratherthantheusual26pay periods.So,salariesearnedin2015werehigherthaneachexecutive’sannualizedbasesalaryduetotheadditionalpay period. StockAwards(ColumnD) ColumnDincludesthegrantdatefairvalueofPerformanceShareUnit(PSU)andRestrictedShareUnit(RSU)awards.See “GrantsofPlan-BasedAwards”onpage73fordetailson2017. PSUsareconsideredgrantedwhentheperformancegoalsareapproved(accordingtoUSaccountingrules).Sinceweuse 3,1-yearsalesgoals,7/9 ths ofthe2017awardand1/9 th ofthepriortwoyears'awardsareconsideredgrantedin2017as showninthefollowingtable.
Made with FlippingBook
RkJQdWJsaXNoZXIy NTIzNDI0