2018 Guide to Effective Proxies

6 TH EDITION | GUIDE TO EFFECTIVE PROXIES 504 METLIFE, INC. NASDAQ, INC. NEW YORK COMMUNITY BANCORP, INC. ONE GAS, INC. SummaryCompensationTable Summary CompensationTable Nameand Principal Position Year Salary ($) Bonus ($) Stock Awards ($) Option Awards ($) Non-Equity IncentivePlan Compensation ($) Changein PensionValue and Nonqualified Deferred Compensation Earnings ($) AllOther Compensation ($) Total ($) StevenA. Kandarian Chairmanofthe Board,President andChiefExecutiveOfficer 2017 2016 2015 $1,550,000 $1,525,000 $1,425,000 $ 0 $ 0 $ 0 $7,103,183 $6,874,761 $6,837,430 $2,078,380 $1,897,550 $1,939,582 $3,000,000 $4,000,000 $4,500,000 $ 670,763 $ 705,651 $ 724,960 $ 324,395 $ 278,977 $ 273,909 $14,726,721 $15,281,939 $15,700,881 JohnC.R.Hele ExecutiveVice PresidentandChief FinancialOfficer 2017 2016 2015 $ 811,250 $ 781,250 $ 706,250 $ 0 $ 0 $ 0 $2,029,549 $1,964,270 $2,051,234 $ 593,833 $ 542,164 $ 581,876 $1,500,000 $2,000,000 $2,200,000 $ 303,787 $ 313,841 $ 297,271 $ 100,610 $ 104,275 $ 101,741 $ 5,339,029 $ 5,705,800 $ 5,938,372 MichelKhalaf(1) President,U.S.Business andEurope,theMiddle East,andAfrica 2017 $ 740,169 $299,988 $1,217,739 $ 356,297 $2,100,000 $505,499 $1,105,755 $6,325,447 MartinJ.Lippert ExecutiveVicePresident, GlobalTechnology& Operations 2017 2016 2015 $ 847,500 $ 756,250 $ 681,250 $ 0 $ 0 $ 0 $2,029,549 $1,833,297 $1,846,125 $ 593,833 $ 506,013 $ 523,692 $2,100,000 $2,100,000 $2,300,000 $ 324,514 $ 328,378 $ 301,478 $ 4,500 $ 0 $ 0 $ 5,899,896 $ 5,523,938 $ 5,652,545 StevenJ.Goulart 2017 $ 761,250 $ 0 $1,691,259 $ 494,863 $1,500,000 $ 260,583 $ 90,450 $ 4,798,405 ExecutiveVicePresident 2016 $ 725,000 $ 0 $1,636,886 $ 451,805 $1,500,000 $ 242,190 $ 85,000 $ 4,640,881 andChiefInvestment Officer 2015 $ 637,500 $ 0 $1,367,505 $ 387,922 $1,400,000 $ 196,785 $ 83,580 $ 4,073,292 1 AmountsforMr.Khalaffor2017inthistable,andotherexecutivecompensationdisclosureinthisProxystatement,thatwere denominated,accrued,earned,orpaidinUnitedArabEmiratesDirham( AED );dollarshavebeenconvertedtoU.S.dollarsatarateof U.S.$1=AED3.673. UnderSECrules,theSummaryCompensationTableincludescompensationtoaNamedExecutiveOfficerfor2016or2015solelyto theextentthatitwasdisclosedineitherofthepriortwoProxyStatements.Mr.KhalafwasnotaNamedExecutiveOfficerinthe Company’s2017or2016ProxyStatement.Asaresult,hiscompensationfor2016and2015isnotreportedinthetableabove. MetLifepaidMr.Khalafatransitionallowancein2017forpurposessuchastravelandotherincidentalcostsinconnectionwithhis transfertotheUnitedStatesinlieuofavarietyofbenefitsgenerallyavailabletootherrelocatingemployees.Mr.Khalafmustrepay thetransitionallowanceandotherrelocationpayments,inwholeorinpart,ifheleavesMetLifevoluntarilyorMetLifeterminateshis employmentformisconductwithin12monthsafterhistransition. 2018ProxyStatement 78 Named Executive Officer Compensation 77 Executive Compensation Tables The following tables, narrative and footnotes present the compensation of theNEOs during2017 in the formatmandated by the SEC. 2017SummaryCompensation Table Name andPrincipal Position Year Salary ($) Bonus ($) StockAwards ($) 1 Option Awards ($) 2 Non-Equity IncentivePlan Compensation ($) 3 Change in Pension Value and Nonqualified Deferred Compensation Earnings ($) 4 AllOther Compensation ($) 5 Total ($) AdenaT.Friedman President andCEO 2017 $994,231 — $7,047,077 $3,999,997 $2,296,000 $54,641 $68,634 $14,460,580 2016 $850,000 — $5,111,067 — $2,175,750 $26,519 $30,642 $8,193,978 2015 $751,538 — $3,428,038 — $2,088,125 $5,792 $26,277 $6,299,770 MichaelPtasznik ExecutiveVice President, Corporate Strategy andChief Financial Officer 2017 $500,000 — $1,409,366 — $1,071,375 — $65,029 $3,045,770 2016 $221,154 — $2,252,756 — $1,200,000 — $23,542 $3,697,452 EdwardS.Knight ExecutiveVice President,General Counsel andChief RegulatoryOfficer 2017 $500,000 — $1,291,906 — $960,000 $46,835 $22,025 $2,820,766 Bradley J.Peterson ExecutiveVice President andChief InformationOfficer 2017 $542,885 — $1,709,462 — $1,123,457 — $38,884 $3,414,688 2016 $525,000 — $1,788,841 — $1,327,600 — $34,873 $3,676,314 2015 $524,231 — $1,599,726 — $1,522,000 — $20,400 $3,666,357 ThomasA.Wittman ExecutiveVice President,Global Trading andMarket Services 2017 $512,115 — $2,255,492 — $950,000 $55,971 $37,683 $3,811,261 1 The amounts reported in this column reflect the grantdate fairvalueof the stock awards, includingPSUs andRSUs, computed in accordancewithFASBASC Topic718. Theassumptionsused in the calculationof theseamountsare included innote13 to the company’sauditedfinancial statements for thefiscalyearendedDecember31, 2017 included inour annual reportonForm10-K. Since the2017 three-yearPSU awardpayouts are contingentonTSR-relatedperformance-basedvesting conditions, the grantdate fairvaluesweredeterminedbasedon aMonteCarlo simulationmodel. TheMonteCarlo simulationmodel takes intoaccountexpectedpricemovementofNasdaq stockas compared topeer companies.Asa resultof the company’spre-grant 2017TSRperformance relative topeer companies, theMonteCarlo simulationmodelassigneda significantlyhighervalue toeach2017 three-yearPSU than the closing price ofNasdaq’s stock on the grant date. Therefore, the value reflected in the 2017 Summary Compensation Table does not reflect the target grant date face value shown in the Long-Term Stock-Based Compensation section of the CompensationDiscussion andAnalysis in this proxy statement, and there is no assurance that the target grant date face values or FASBASC Topic718 fair valueswill ever be realized. The table below summarizes the target grant date face value ofPSU grants that theManagementCompensationCommittee and theBoard approved for theNEOs compared to the FASBASC Topic718 fairvalue. Stock Awards ($) 1 Option Awards ($) 2 Non-Equity IncentivePlan Compensation ($) 3 Change in Pension Value and Nonqualified Def rred Compensation Earni gs ($) 4 AllOther Compensation ($) 5 Total ($) $7,047,07 $3,9 , 7 $2, 96,0 $54,641 $68,634 $14, 60,580 $5,1 ,067 — $2,175,750 $26,519 $30,642 $8,193,978 $3,428,038 — $2,08 ,125 $5,792 $26,27 $6,29 ,7 0 $1,409,36 — $1,071,375 — $65,029 $3,045,7 0 $2, 52,756 — $1,20 , — $23,542 $3,697,452 $1,291,906 — $960, $46,835 $2 ,025 $2,820,76 $1,709,462 — $1, 23,457 — $38, 4 $3,414,68 $1,78 , 41 — $1,327,60 — $34,873 $3,676,314 $1,59 ,726 — $1,52 ,0 — $20,40 $3,6 ,357 $2, 5 ,492 — $950, $5 ,971 $37,683 $3,81 ,261 l r t t gra tdate fairvalueof the stockawards, includingPSUsandRSUs, computed inaccordancewithFASBASCTopic718. l l i t ts are included innote13 to the company’s auditedfinancial statements for thefiscalyear endedD cember 31, 2017 included in our nnual report onForm10-K.Since the 2017 three-ye r PSU ward p youts are contingent on TSR-related performance-based vesting conditions, th grantdatefai valu sweredeterminedbasedon aMonteCarlo simulationmodel. i l i l takes into a count expected pricemovement ofNasdaq stock as compared to peer companies.As a resultof the company’s pre- grant2017 TSR performance relativ to peer companies, th Monte Caro simulationmodel assigned a significantly higher v lue to eac 2017 three-ye rPSUthan the cl singprice ofNasdaq’s stock on th grantdat .T refor , thevalue refl cted inthe2017Su mary C mpensation Tabledoes not reflect he target grantdate facevalue show in theLong-TermStock-BasedComp nsation sectionof theCompen ationDiscussionandA aly is in thi proxy statement,and there i noassurance hat he target grant date face valuesor FASBASC Topc718 fair valu swill ver berealized. Th table below summarizes he target gr nt d te face value of PSU grants that th Managemen CompensaionCommittee and theBoard approved for theNEOs compared to the FASBASC Topic718 fairvalue. NAMED EXECUTIVE OFFICER COMPENSATION ThefollowingtablereflectsthecompensationpaidtotheNEOsinrespecttoour2017fiscalyear. SUMMARY COMPENSATION TABLE FOR 2017 NameandPrincipalPosition Year Salary Stock Awards (1) Non-Equity IncentivePlan Compensation (2) ChangeinPension Valueand NonqualifiedDeferred Compensation Earnings (3) AllOther Compensation (4) Total PierceH.NortonII PresidentandChiefExecutive Officer 2017 $ 720,000 $ 1,593,284 $ 838,000 $ 786,270 $ 83,675 $ 4,021,229 2016 $ 700,000 $ 1,509,792 $ 670,000 $ 882,325 $ 101,856 $ 3,863,973 2015 $ 675,000 $ 1,324,662 $ 981,000 $ 474,957 $ 91,838 $ 3,547,457 CurtisL.Dinan SeniorVicePresident,Chief FinancialOfficer, andTreasurer 2017 $ 435,000 $ 424,663 $ 400,000 $ 694,838 $ 44,795 $ 1,999,296 2016 $ 435,000 $ 432,493 $ 307,000 $ 452,763 $ 55,056 $ 1,682,312 2015 $ 435,000 $ 423,303 $ 466,000 $ - $ 53,858 $ 1,378,161 CaronA.Lawhorn SeniorVicePresident, Commercial 2017 $ 360,000 $ 424,663 $ 305,000 $ 294,511 $ 36,935 $ 1,421,109 2016 $ 360,000 $ 432,493 $ 251,000 $ 357,007 $ 45,516 $ 1,446,016 2015 $ 360,000 $ 423,303 $ 382,000 $ 130,597 $ 44,618 $ 1,340,518 RobertS.McAnnally (5) SeniorVicePresident,Operations 2017 $ 350,000 $ 371,980 $ 320,000 $ - $ 63,802 $ 1,105,782 2016 $ 325,000 $ 350,655 $ 243,000 $ - $ 50,823 $ 969,478 2015 $ 237,500 $ 318,014 $ 227,000 $ - $ 149,886 $ 932,400 JosephL.McCormick SeniorVicePresident,General CounselandAssistant Secretary 2017 $ 325,000 $ 346,500 $ 260,000 $ 144,141 $ 45,477 $ 1,121,118 2016 $ 310,000 $ 324,005 $ 185,000 $ 109,712 $ 37,541 $ 966,258 2015 $ 300,000 $ 318,014 $ 261,000 $ 30,946 $ 44,438 $ 954,398 (1) TheamountsincludedinthetablerelatetoRSUsandPSUsgrantedunderourECPandreflecttheaggregategrantdatefairvalueofsuchawardscalculatedpursuanttoASC Topic718.MaterialassumptionsusedinthecalculationofthevalueoftheseequitygrantsareincludedinNote10toourauditedfinancialstatementsfortheyearended December31,2017,includedinourAnnualReportonForm10-KfiledwiththeSecuritiesandExchangeCommissiononFebruary22,2018. TheaggregategrantdatefairvalueofRSUsforpurposesofASCTopic718wasdeterminedbasedontheclosingpriceofourcommonstockonthegrantdate.Withrespecttothe PSUs,theaggregategrantdatefairvalueforpurposesofASCTopic718wasdeterminedusingtheprobableoutcomeoftheperformanceconditionsasofthegrantdatebasedon avaluationmodelthatconsidersthemarketcondition(TSR)andusingassumptionsdevelopedfromthereferencedpeercompanies.ThevalueincludedforthePSUsisbasedon 100percentofthePSUsvestingattheendoftheperformanceperiod.UsingthemaximumnumberofsharesissuableuponvestingofthePSUs(200percentoftheunitsgranted), theaggregategrantdatefairvalueofthePSUswouldbeasfollows: Name 2017 2016 2015 PierceH.NortonII $ 2,585,250 $ 2,459,904 $ 2,148,384 CurtisL.Dinan $ 689,400 $ 704,660 $ 687,216 CaronA.Lawhorn $ 689,400 $ 704,660 $ 687,216 RobertS.McAnnally $ 603,225 $ 570,134 $ 515,968 JosephL.McCormick $ 561,861 $ 528,495 $ 515,968 (2) ReflectsSTIawardsearnedin2017,2016and2015andpaidin2018,2017and2016,respectively,underourannualSTIplan.Foradiscussionoftheperformancecriteria establishedbytheCommitteeforawardsunderthe2017annualSTIplan,see“2017PerformanceandCompensationDecisions— Short-TermIncentive ”aboveonpage39. (3) Theamountsreflectedrepresenttheaggregatechangeduring2017intheactuarialpresentvalueoftheNEOs’accumulatedbenefitsundertheQualifiedPensionPlanandthe SERP.Foradescriptionoftheseplans,see“PensionBenefits”below.Thechangeinthepresentvalueoftheaccruedpensionbenefitisimpactedbyvariablessuchasadditional yearsofservice,ageandthediscountrateusedtocalculatethepresentvalueofthechange.For2017,thechangeinpensionvaluereflectsnotonlytheincreasedueto additionalserviceandpayfortheyear,butalsoanincreaseinpresentvalueduetothelowerdiscountrateineffectonthemeasurementdate(4.30percentasofDecember31, 2016,and3.8percentasofDecember29,2017).TheQualifiedPensionPlanwasclosedtonewparticipantsasofDecember31,2004.AllofourNEOs,withtheexceptionof Mr.McAnnally,participateintheQualifiedPensionPlan.TheSERPwasclosedtonewparticipantsin2013,althoughnonewparticipantshadbeenaddedsince2005. Ms.LawhornandMessrs.NortonandDinanparticipateintheSERP. ONEGas,Inc. Noticeof2018AnnualMeetingofShareholdersandProxyStatement 47 EXECUTIVECOMPENSATIONTABLES III. EXECUTIVECOMPENSATIONTABLES ➣ Summary CompensationTable ThefollowinginformationisfurnishedfortheCompany’sprincipalexecutiveofficer,principalfinancialofficer, andthenextthreehighestcompensatedexecutiveofficersoftheCompany(together,the“namedexecutiveofficers”or “NEOs”)forthe2017fiscalyear: NameandPrincipalPosition Year Salary ($) Stock Awards (1) ($) Non-Equity IncentivePlan Compensation (2) ($) All Other Compensation (3) ($) Total Compensation ($) JosephR.Ficalora 2017 1,400,000 1,750,000 1,094,000 3,427,742 7,671,742 PresidentandCEO 2016 1,400,000 3,500,000 2,500,000 3,991,990 11,391,990 2015 1,400,000 4,099,991 2,575,000 4,060,305 12,135,296 RobertWann 2017 1,100,000 859,996 619,000 1,474,549 4,053,545 SeniorEVPandCOO 2016 1,100,000 1,720,000 1,410,000 1,632,359 5,862,359 2015 1,050,000 1,899,991 1,325,000 1,651,465 5,926,456 ThomasR.Cangemi 2017 850,000 531,999 372,000 978,819 2,732,818 SeniorEVPandCFO 2016 850,000 1,065,000 850,000 1,088,752 3,868,752 2015 825,000 1,174,991 825,000 1,148,959 3,973,950 JamesJ.Carpenter 2017 775,000 485,006 339,000 859,490 2,458,496 SeniorEVPandCLO 2016 775,000 970,000 785,000 957,621 3,487,621 2015 750,000 1,074,998 750,000 992,021 3,567,019 JohnJ.Pinto 2017 575,000 360,000 252,000 668,214 1,855,214 EVPandCAO 2016 575,000 720,000 585,000 676,248 2,556,248 2015 550,000 799,990 550,000 687,268 2,587,258 (1) RepresentsanawardundertheCompany’sperformance-based,long-termincentivecompensationprogram.InaccordancewithSEC disclosurerequirementsforequitycompensation,thereportedamountrepresentsthefullgrantdate(March26,2018)fairvalueofeach awardcalculatedinaccordancewithFASBASCTopic718.PleaserefertoNote13tothefinancialstatementsinourannualreportsforthe yearsendedDecember31,2017,2016,and2015foradditionaldiscussiononthedeterminationofthesevalues.All2017awardswere madeintheformofrestrictedstockvestinginapproximatelyequalinstallmentsoverafive-yearperiod.See“ CompensationDiscussionand Analysis andthe GrantsofPlan-BasedAwards” tableforadditionalinformationconcerningthe2017awards. (2) Representsanawardfor2017performanceundertheCompany’sshort-termincentivecompensationprogram.See,“ Compensation DiscussionandAnalysis andthe GrantsofPlan-BasedAwards” tablebelowforadditionalinformationconcerningthe2017awards. (3) Thefollowingtablesetsforththecomponentsofthe AllOtherCompensation columnin2017: Executive Dividendson Unvested Restricted Stock ($) Tax Reimbursement Relatedto Restricted StockVesting (a) ($) Life Insurance Imputed Income ($) Annual ESOP Allocation (b) ($) Total ($) Mr.Ficalora 505,066 2,827,183 82,351 13,142 3,427,742 Mr.Wann 230,563 1,203,851 26,993 13,142 1,474,549 Mr.Cangemi 145,345 816,833 3,499 13,142 978,819 Mr.Carpenter 130,582 710,937 4,829 13,142 859,490 Mr.Pinto 98,900 553,787 2,385 13,142 668,214 (a) Inprioryears,theCompanyprovidedtaxreimbursementpaymentstothenamedexecutiveofficerstoencouragetheirretentionofallstock grantedundertheCompany’slong-termincentiveprogram.Beginningwiththe2015performanceperiod,theCompanydiscontinuedthis practiceprospectivelywithrespecttonewlygrantedawards.AwardsgrantedinMarch2016coveringthe2015performanceperiodandall subsequentlygrantedawardsareineligibletoreceivetaxreimbursementpayments.NoreimbursementpaymentswillbemadeafterMarch 2020followingthevestingofthelastinstallmentofawardsgrantedinMarch2015forthe2014performanceperiod. (b) Basedonthe$13.02closingpriceoftheCommonStockonDecember29,2017,thefinaltradingdayof2017. Page36