2018 Guide to Effective Proxies

6 TH EDITION | GUIDE TO EFFECTIVE PROXIES 94 page 94 | guide to effective proxies | 2.4 Proxy summary SVB FINANCIAL GROUP BoardandCorporateGovernanceHighlights (BasedoncurrentBoardprofileandpractices) B OARD C OMPOSITION • Total of 12 current directors—all independent directors,exceptforCEOdirector • SeparateBoardChairpersonandCEOroles • IndependentBoardChairperson • Independent chairpersons and members of all Board committees • Seasoned Board with diverse experience, including innovationeconomyindustries,banking/financialservices, global, finance/accounting, risk oversight/management andGovernment/Regulatory • No director serves on more than one public company board,otherthantheCompany • Policy requiring directors to submit their resignation uponreachingtheageof75 B OARD A CCOUNTABILITY • Annualelectionofdirectors • Effective majority voting standard in uncontested directorelections(throughdirectorresignationpolicy) • AnnualBoardandcommitteeevaluations • Regularly-held executive sessions of non-management directors • Robust executive and director equity ownership guidelines • IndependentBoardevaluationofCEOperformance • IndependentBoardapprovalofCEOcompensation • Ongoing director nominee identification and selection process • Limitondirectorcompensationunderequityplan BoardTenure 2 5 5 5yearsor less 16.6% 6 to9years 10+years 0 1 NumberofDirectors 2 3 4 5 41.7% 41.7% AgeDiversity 5 60yearsandunder 0 1 2 3 4 5 41.7% GenderDiversity Women 0 1 2 3 4 5 25% 3 D IRECTOR Q UALIFICATIONS Ourdirectorsreflectaneffectiveanddiversemixofskillsandexperience: Finance/Accoun�ng RiskOversight/Management Government/Regulatory 2 2 5 Client Industry Banking/FinancialServices Global 8 8 4 Leadership 10 S TOCKHOLDER I NTERESTS • Allindependentdirectors,exceptforCEOdirector • SeparateBoardChairpersonandCEOroles • Activestockholderengagementpractices • AnnualSayonPayvote • Stockholdersmayactbywrittenconsent • Onesinglevotingclass—commonstockclass • Nopoisonpill R ISK M ANAGEMENT • Boardandindividualcommitteeoversightofrisk • Separate Board Risk Committee focused on enterprise-wideriskmanagementframework • RiskCommittee comprised ofthechairpersonsofthe BoardandallsixBoardcommittees • Risk management guided by Risk Appetite Statement (reviewedonanannualbasisbythefullBoard) iv SUMMARYINFORMATION Total of 05 pages in section A NNUAL M EETINGAND P ROXY S TATEMENT I NFORMATION AnnualMeeting TimeandDate: 4:30p.m.(PacificTime),April26,2018 RecordDate: February26,2018 Place: SVBFinancialGroup—CorporateHeadquarters 3005TasmanDrive,SantaClara,California95054 Voting: Stockholdersasoftherecord dateareentitledtovote ProposalsandVotingRecommendations Proposal BoardRecommendation PageReference ProposalNo.1—ElectionofEleven(11)Directors Forallnominees 2 ProposalNo.2—RatificationofKPMGLLPasAuditorsfor2018 For 56 ProposalNo.3—Advisory(Non-Binding)VoteonExecutiveCompensation For 57 DirectorNominees We are seeking your election of the eleven (11) directors described below—ten of which are current incumbent directors. Ms. Kimberly A. Jabal is a new director nominee who will join the Board, subject to stockholder election. Mr. David M. Clapper and Ms. Lata Krishnan, both current directors, will not be standing for re-election and will be retiring from the Board at the AnnualMeeting. CommitteeMembership* Name Age YearFirst ElectedBy Stockholders PrincipalOccupation # of Other Public Company Boards Audit Compensation Credit Finance Governance Risk GregW.Becker 50 2011 PresidentandChiefExecutiveOfficer,SVB FinancialGroup — EricA.Benhamou 62 2005 ChairmanandChiefExecutiveOfficer, BenhamouGlobalVentures,LLC 1 X C X JohnS.Clendening 55 — PresidentandCEO,Blucora,Inc. 1 X RogerF.Dunbar 72 2005 BoardChairmanSVBFinancialGroup;Former GlobalViceChairman,Ernst&Young,LLP — X X X C JoelP.Friedman 70 2005 FormerPresident,BusinessProcessOutsourcing, Accenture 1 C X X KimberlyA.Jabal 49 — ChiefFinancialOfficer,Weebly,Inc. 1 JeffreyN.Maggioncalda 49 2012 ChiefExecutiveOfficer,CourseraInc. — X X MaryJ.Miller 62 2016 FormerUnderSecretaryforDomesticFinance, U.S.DepartmentofTreasury — X X KateD.Mitchell 59 2010 Co-FounderandManagingDirector,Scale VenturePartners 1 C X X JohnF.Robinson 71 2011 FormerDeputyComptrolleroftheCurrencyand formerExecutiveVicePresident,Washington MutualBank 1 C X X X GarenK.Staglin 73 2012 Proprietor,StaglinFamilyVineyard 1 X X *“C”denotescommitteechairperson;allmembershipsareasofthedateofthisProxyStatement. iii SUMMARYINFORMATION S UMMARY P ERFORMANCE AND P ROXY I NFORMATION Thissummaryhighlightsour2017performance,aswellasinformationcontainedelsewhereinthisProxyStatement.This summarydoesnotcontainalloftheinformationthatyoushouldconsider,andyoushouldreviewthisentireProxyStatement,as wellasourAnnualReportonForm10-K,fortheyearendedDecember31,2017. 2017P ERFORMANCE 2017FinancialPerformanceHighlights Weachievedanotheryearofrecorddilutedearningspershare(“ EPS ”)andnetincome,andwemaintainedmulti-yeargrowthof ouraveragetotalassets,loans(netofunearnedincome),andclientfunds(depositsandclientinvestmentfunds).Ourstockprice hasalsogenerallyperformedwell,asillustratedinthegraphbelow. +26% +28% $10.00 2015 2016 2017 EPS Net Income $6.62 $7.31 $8.00 $6.00 $4.00 $2.00 $- $9.20 $343.9 $382.7 $490.5 (inmillions) $450 $150 2015 2016 2017 $300 $- $250.0 12/31/15 12/30/16 12/29/17 $200.0 $150.0 $100.0 $50.0 $0.00 $118.90 $171.66 $233.77 SIVBStockPerformance (Basedonyear-end closingprices) (inbillions) +10% +16% $50.0 2015 2016 2017 AverageAssets Average Loans AverageTotalClientFunds NetofUnearned Income $40.8 $44.0 $40.0 $30.0 $20.0 $10.0 $- $48.4 $14.8 $18.3 $21.2 $75.5 $82.1 $94.3 Deposits (inbillions) (inbillions) 2015 2016 2017 $18.0 $12.0 $6.0 $- $100.0 2015 2016 2017 $80.0 $60.0 $40.0 $20.0 $- +15% Client InvestmentFunds $24.0 2017BusinessPerformanceHighlights 2017reflectedanotheryearofhealthybusinessgrowth,aswecontinuedtoservetheinnovationeconomy.Wecontinuedto focusonourclients,ourglobalgrowth,andinparticular,growingour“corefeeincome”business.Select2017highlightsinclude: • MarketShareGrowth O Wegrewourtotalnetcountofcorecommercialclientsby15%. O Wegrewournetclientcountinkeyclientsegments,includingearly-stageclients(by15%),PrivateBank(by25%),and privateequityclients(by17%). • ExpandingourGlobalReach O WecontinuedtomakesignificantprogressestablishinglendingbranchesinGermanyandCanada,bothofwhichare subjecttoregulatoryapproval. O OurEMEAclientcountincreasedby30%. • ContinuedFocusonourCoreFeeIncomeBusiness O Ourforeignexchangetransactionvolumeincreasedbyover30%,comparedto2016,hittinganall-timequarterlyhighof $34millioninrevenues. O Wesurpassed$4.5billioninannualcreditcardtransactionsforourclientsin2017,a31%increasecomparedto2016. O Weachievedayear-over-yearincreaseof74%inclientinvestmentfees. ii SUMMARYINFORMATION T-MOBILE US, INC. PROXYSUMMARYSTATEMENT GoodCorporateGovernancePractices GovernanceisrealatT-Mobile.InconnectionwiththebusinesscombinationwithMetroPCSCommunications,Inc.completedin2013(the“Business Combination”),T-Mobilebecameapublicly-tradedcompanywithasignificantstockholder,DeutscheTelekomAG(“DeutscheTelekom”).DeutscheTelekomhas therighttodesignateanumberofourdirectors,andasaresult,wehavestockholderrepresentationonourBoard.DirectorsapproacheachBoarddecisionwitha stockholdermindsetthatisintellectuallyindependentfrommanagement.Inaddition,ourBoardhasstructuredourcorporategovernanceprogramtopromotethe long-terminterestofstockholders,strengthentheBoard’sandmanagement’saccountabilityandhelpbuildpublictrustintheCompany. UnclassifiedBoardandAnnualElectionofDirectors AnnualBoardandCommitteeSelf-Evaluations 12DirectorNominees Nopoisonpill SeparationofChairmanandChiefExecutiveOfficerRoles StockholderRighttoCallSpecialMeetingandActbyWritten Consent LeadIndependentDirector Anti-Hedging,Anti-ShortSaleandAnti-PledgingPolicies IndependentChairsoftheAudit,CompensationandNominating andCorporateGovernanceCommittees ExecutiveCompensationDrivenbyPayforPerformance RegularExecutiveSessionsofIndependentDirectors StockOwnershipGuidelinesforExecutiveOfficersandDirectors ComprehensiveRiskOversightbytheBoardanditsCommittees ClawbackPolicytoRecaptureIncentivePayments T-Mobile HadRecordFinancialResultsAcrosstheBoardin2017andprovedthattakingcareofcustomersis alsogoodforstockholders T-Mobilehadrecordfinancialresultsin2017,includingservicerevenues,totalrevenues,netincome,AdjustedEBITDA,netcashfromoperatingactivities andfreecashflow.Weadded5.7milliontotalnetcustomersin2017andcapturedthemajorityoftheindustry’spostpaidphonegrowthforthefourth consecutiveyear.Weendedtheyearwith72.6milliontotalcustomers. Ourcustomergrowthtranslatedintoindustry-leadingrevenueandcashflowgrowth.Servicerevenueof$30.2billionfor2017grewatanindustry-leading 8.3%yearoveryear.Netincomeof$4.5billionfor2017grew211%yearoveryear,netincomeof$2.3billion(excludingimpactfromtheTaxCutsand JobsAct(the“TaxAct”)of$2.2billion)for2017grew62%yearoveryearandAdjustedEBITDAof$11.2billiongrew5.4%yearoveryear. AsofDecember31,2017,T-Mobilecovered322millionpeoplewith4GLTE.Ourstockpriceincreasedby284%fromMay1,2013(thefirstdayof tradingaftertheBusinessCombination)throughDecember29,2017and10.4%during2017alone.Lookingbackthreeyears,ourstockpricehas increased133%(January1,2015throughDecember29,2017). AdjustedEBITDAisanon-GAAPfinancialmeasure.Thisnon-GAAPfinancialmeasureshouldbeconsideredinadditionto,butnotasasubstitutefor,the informationprovidedinaccordancewithU.S.generallyacceptedaccountingprinciples(“GAAP”).AreconciliationtothemostdirectlycomparableGAAP financialmeasureisprovidedinAppendixAtothisproxystatement. TOTALREVENUE SERVICEREVENUE ADJUSTED EBITDA 8.3 % $40.6B 8.3 % $30.2B 5.4 % $11.2B 5.7M TOTALNET CUSTOMER ADDITIONS 62 % $2.3B 211 % $4.5B NET INCOME (EXCL. TAXREFORM) TMUSSTOCKPRICEUP 10.4% IN 2017 $57.51 12/30/16 $63.51 12/29/17 322M POPs 2 T-Mobile2018ProxyStatement Proxy Statement Summary ThissummaryhighlightsinformationyouwillfindinthisProxyStatement.Asitisonlyasummary,pleasereviewthecompleteProxy Statementbeforeyouvote. 2018AnnualMeeting Information DateandTime: Wednesday, June13,2018at 8:00a.m.(PDT) Location: FourSeasonsHotel 99UnionStreet Seattle,WA98101 RecordDate: April17,2018 ProxyMailDate: Onorabout April26,2018 HowtoVote ByInternet: Visitthewebsitelisted onyourproxycard ByPhone: Callthetelephone numberonyour proxycard ByMail: Sign,dateandreturn yourproxycardinthe enclosedenvelope InPerson: AttendtheAnnual Meetingin Seattle,Washington Voting: Eachshareofcommonstockisentitledtoonevoteforeachdirectornomineeandonevoteforeachoftheotherpoposals tobevotedon. Admission: AdmissiontotheAnnualMeetingislimitedtostockholdersasoftherecorddate.TobeadmittedtotheAnnualMeeting, youmustpresentgovernment-issuedpictureidentificationandproofofownershipofT-Mobilestockontherecorddate. Thiscanbeanyofthefollowing: NoticeofInternetAvailabilityofProxyMaterials Admissionticketenclosedwiththepapercopyoftheproxymaterials Legalproxy,accountstatementorotherdocumentationconfirmingyourT-Mobilestockholdingsfromthebroker,bank orotherinstitutionthatholdsyourshares AnnualMeeting AgendaandVote Recommendations: Matter BoardVote Recommendation PageReference (formoredetail) Proposal1 ElectionofDirectors FOR 13 Proposal2 RatificationoftheAppointmentofPricewaterhouseCoopersLLPas theCompany’sIndependentRegisteredPublicAccountingFirmfor FiscalYear2018 FOR 22 Proposal3 ApprovalofanAmendmenttotheCompany’s2013Omnibus IncentivePlan FOR 43 Proposal4 StockholderProposalforImplementationofProxyAccess AGAINST 58 Proposal5 StockholderProposalforLimitationsonAcceleratedVestingof EquityAwardsintheEventofaChangeofControl AGAINST 60 InthisProxyStatement,“we,”“our,”“us,”“T-Mobile”andthe“Company”refertoT-MobileUS,Inc.andthe“AnnualMeeting”referstothe2018AnnualMeetingofStockholders.We firstmadethisProxyStatementandformofproxycardavailabletostockholdersonoraboutApril26,2018.