To fix at 13 the number of directors to be elected at the meeting; |
To consider adoption of a non-binding resolution approving the compensation of the named executive officers of the Company; |
To transact such other business as may properly come before the meeting or any adjournment or adjournments thereof. |
| Name and Address of Beneficial Owner | | | Shares Owned Beneficially [a] | | | Percent of Class | | ||||||
| BlackRock, Inc. [b] 40 East 52nd Street New York, New York 10022 | | | | | 3,385,759 | | | | | | 10.80% | | |
| The Vanguard Group [c] 100 Vanguard Blvd. Malvern, PA 19355 | | | | | 2,372,911 | | | | | | 7.57% | | |
| George A. Makris, Jr. [d] | | | | | 216,441 | | | | | | * | | |
| Robert A. Fehlman [e] | | | | | 67,512 | | | | | | * | | |
| Marty D. Casteel [f] | | | | | 86,981 | | | | | | * | | |
| Barry K. Ledbetter [g] | | | | | 43,826 | | | | |||||
| Patrick A. Burrow [h] | | | | | 30,373 | | | | | | * | | |
| All directors and officers as a group (23 persons) | | | | | 1,450,531 | | | | | | 4.63% | | |
Name and Address of Beneficial Owner | Shares Owned Beneficially [a] | Percent of Class | ||||||
BlackRock, Inc. [b] | 1,500,982 | 5.03 | % | |||||
40 East 52nd Street | �� | |||||||
New York, New York 10022 | ||||||||
Simmons First National Corporation | ||||||||
Employee Stock Ownership Trust [c] | 984,549 | 3.30 | % | |||||
501 Main Street | ||||||||
Pine Bluff, AR 71601 | ||||||||
George A. Makris Jr. [d] | 119,999 | * | ||||||
Robert A. Fehlman [e] | 45,254 | * | ||||||
David L. Bartlett [f] | 40,882 | * | ||||||
Marty D. Casteel [g] | 58,164 | * | ||||||
J. French Hill | 56,390 | * | ||||||
All directors and officers as a group (21 persons) | 1,153,335 | 3.86 | % |
Name | | | Board of Directors | | Audit Committee | | Compensation Committee | | | Nominating & Corporate Governance Committee | | | Risk Committee | | |||
Jay D. Burchfield | | | Independent | | | Independent | | | Independent | | |||||||
| | * | |||||||||||||||
William E. Clark, II | | | Independent | | | * | | | * | | | * | | | * | | |
Steven A. Cossé | | | Independent | | | * | | | Independent | | | Independent | | | Independent | | |
Mark C. Doramus | | | Independent | | | * | | | Independent | | Independent | | | Independent | | ||
Edward Drilling | | | Independent | | | Independent | | | * | | | * | | | Independent | | |
Eugene Hunt | | | Independent | | | Independent | | | * | | | * | | | Independent | | |
Jerry Hunter | | | Independent | | | * | | | Independent | | | * | | | * | | |
Christopher R. Kirkland | | | Independent | | | Independent | | | * | | | * | | | * | | |
W. Scott McGeorge | | | Independent | | | Independent | | | Independent | | | Independent | | | Independent | | |
George A. Makris, Jr. | | | Not Independent | | | * | | | * | | | * | | | * | | |
Joseph D. Porter | | | Independent | | | * | | | * | | | * | |||||
| Independent | ||||||||||||||||
Robert L. Shoptaw | | | Independent | | | Independent | | | Independent | | | Independent | | | Independent | | |
Mindy West | | | Independent | | | Independent | | | * | | | * | | | * | |
Name | | | Age | | | Principal Occupation | | | Director Since | | | Shares Owned [a] | | | Percent of Class | | |||||||||
Jay Burchfield | | | | | 70 | | | | Retired, formerly Chairman, Trust Company of the Ozarks | | | 2015 | | | | | 52,463 | | | | | | * | | |
William E. Clark, II | | | | | 47 | | | | Chairman and CEO, Clark Contractors, LLC (Construction) | | | 2008 | | | | | 6,320[b] | | | | | | * | | |
Steven A. Cossé | | | | | 69 | | | | Retired, President and CEO Murphy Oil Corporation | | | 2004 | | | | | 26,137[c] | | | | | | * | | |
Mark C. Doramus | | | | | 58 | | | | Chief Financial Officer, Stephens Inc. | | | 2015 | | | | | 1,643[d] | | | | | | * | | |
Edward Drilling | | | | | 61 | | | | Arkansas President, AT&T Corp. | | | 2008 | | | | | 8,250 | | | | | | * | | |
Eugene Hunt | | | | | 71 | | | | Attorney | | | 2009 | | | | | 5,296[e] | | | | | | * | | |
Jerry Hunter | | | | | 64 | | | | Partner, Bryan Cave LLP | | | 2017 | | | | | 0 | | | | | | * | | |
Christopher R. Kirkland | | | | | 47 | | | | Principal, The Kirkland Group (real estate) | | | 2015 | | | | | 640,192[f] | | | | | | 2.0% | | |
W. Scott McGeorge | | | | | 73 | | | | Chairman, Pine Bluff Sand and Gravel Company | | | 2005 | | | | | 43,296 | | | | | | * | | |
George A. Makris, Jr. | | | | | 60 | | | | Chairman and Chief Executive Officer of the Company, formerly President, M. K. Distributors, Inc. (Beverage Distributor) | | | 1997 | | | | | 216,441[g] | | | | | | * | | |
Joseph D. Porter | | | | | 59 | | | | President, Akin-Porter Produce, Inc. (Wholesale Produce) | | | 2015 | | | | | 93,985[h] | | | | | | * | | |
Robert L. Shoptaw | | | | | 70 | | | | Retired Executive, Arkansas Blue Cross and Blue Shield | | | 2006 | | | | | 26,659[i] | | | | | | * | | |
Mindy West | | | | | 47 | | | | Executive Vice President, Chief Financial Officer and Treasurer Murphy USA Inc. | | | 2017 | | | | | 0 | | | | | | * | | |
Principal | Director | Shares | Percent | |||||||
Name | Age | Occupation | Since | Owned [a] | of Class | |||||
Jay Burchfield | 68 | Chairman, Trust Company | 2015 | 78,625[b] | * | |||||
of the Ozarks | ||||||||||
David L. Bartlett | 63 | President and Chief Banking | 2013 | 40,882[c] | * | |||||
Officer of the Company | ||||||||||
William E. Clark, II | 45 | Chairman and CEO, | 2008 | 4,930[d] | * | |||||
Clark Contractors, LLC | ||||||||||
(Construction) | ||||||||||
Steven A. Cossé | 67 | Retired, President and CEO | 2004 | 22,036 [e] | * | |||||
Murphy Oil Corporation | ||||||||||
Mark C. Doramus | 56 | Chief Financial Officer, | 2015 | 0 | * | |||||
Stephens Inc. | ||||||||||
Edward Drilling | 59 | Arkansas President, AT&T Corp. | 2008 | 5,130 | * | |||||
Eugene Hunt | 69 | Attorney | 2009 | 3,665 [f] | * | |||||
Christopher R. Kirkland | 45 | Principal, Anchor Investments | 2015 | 405,357 [g] | 1.36% | |||||
(real estate) | ||||||||||
W. Scott McGeorge | 71 | President, Pine Bluff | 2005 | 43,176 [h] | * | |||||
Sand and Gravel Company | ||||||||||
George A. Makris, Jr. | 58 | Chairman and Chief Executive | 1997 | 119,999 [i] | * | |||||
Officer of the Company, formerly | ||||||||||
President, M. K. Distributors, Inc. | ||||||||||
(Beverage Distributor) | ||||||||||
Joseph D. Porter | 57 | President, Akin-Porter | 2015 | 193,034 [j] | * | |||||
Produce, Inc. (Wholesale Produce) | ||||||||||
Harry L. Ryburn | 79 | Orthodontist (retired) | 1976 | 11,512 [k] | * | |||||
Robert L. Shoptaw | 68 | Retired Executive, Arkansas | 2006 | 24,975 [l] | * | |||||
Blue Cross and Blue Shield |
Simmons First National Corporation Board of Directors Attention: (Chairman or Specific Director) P. O. Box 7009 Pine Bluff, Arkansas 71611 |
| • | Geographic location of residence and business interests | | • Type of business interests | | |
| • Age | | • | Business and financial expertise | | |
| • | Community involvement | | • Leadership profile | | |
| • | Ability to think independently | | • Personal and professional ethics and integrity | | |
| • | Ability to fit with the | | • Equity ownership in the Company | |
Name | | | Age | | | Position | | | Years Served | | ||||||
George A. Makris, Jr. [1] | | | | | 60 | | | | Chairman and Chief Executive Officer | | | | | 4 | | |
Robert A. Fehlman | | | | | 52 | | | | Senior Executive Vice President, Chief Financial Officer and Treasurer | | | | | 28 | | |
Marty D. Casteel | | | | | 65 | | | | Senior Executive Vice President (Company); Chairman, President and Chief Executive Officer (Bank) | | | | | 28 | | |
Stephen C. Massanelli [2] | | | | | 61 | | | | Executive Vice President (Company and Bank) and Chief Administrative Officer (Bank) | | | | | 2 | | |
Patrick A. Burrow [3] | | | | | 63 | | | | Executive Vice President, General Counsel and Secretary (Company and Bank) | | | | | 2 | | |
Barry K. Ledbetter | | | | | 54 | | | | Executive Vice President and Chief Banking Officer (Bank) | | | | | 31 | | |
Steve C. Wade | | | | | 62 | | | | Executive Vice President and Chief Credit Officer (Bank) | | | | | 15 | | |
Jennifer B. Compton [4] | | | | | 44 | | | | Executive Vice President, Chief People Officer and Assistant General Counsel (Company) | | | | | 1 | | |
David W. Garner | | | | | 47 | | | | Executive Vice President, Chief Accounting Officer (Company and Bank) and Controller (Bank) | | | | | 19 | | |
Paul D. Kanneman [5] | | | | | 59 | | | | Executive Vice President and Chief Information Officer (Bank) | | | | | 0 | | |
Johnny W. McCaleb [6] | | | | | 63 | | | | Executive Vice President, Chief Audit Executive (Company and Bank) and Chief Risk Officer (Company) | | | | | 0 | | |
Name | Age | Position | Years Served | ||||
George A. Makris, Jr. [1] | 58 | Chairman and Chief Executive Officer | 2 | ||||
David L. Bartlett | 63 | President and Chief Banking Officer (Company); | |||||
Chief Banking Officer (SFNB) | 18 | ||||||
Robert A. Fehlman | 50 | Senior Executive Vice President, Chief Financial | 26 | ||||
Officer and Treasurer | |||||||
Marty D. Casteel | 63 | Senior Executive Vice President (Company); | 26 | ||||
Chairman and Chief Executive Officer (SFNB) | |||||||
David W. Garner | 45 | Executive Vice President, Controller and Chief | 17 | ||||
Accounting Officer (Company and SFNB) | |||||||
Susan F. Smith | 53 | Executive Vice President/Corporate Strategy | 17 | ||||
(Company and SFNB) | |||||||
Tina M. Groves | 45 | Executive Vice President and Chief Risk Officer | 9 | ||||
(Company and SFNB) | |||||||
Patrick A. Burrow [2] | 61 | Executive Vice President and General Counsel | 0 | ||||
Stephen C. Massanelli [3] | 59 | Executive Vice President/Organizational Development | 0 |
| BancFirst | | | BancorpSouth Inc. (BXS) | | ||
| Bank of the Ozarks Inc. (OZRK) | ||||||
| | Capital Bank Financial Corp. (CBF) | |||||
| First | ||||||
| | First | | ||||
| | | Home BancShares Inc. (HOMB) | | |||
| IBERIABANK Corp. (IBKC) | | | International Bancshares Corp. (IBOC) | | ||
| MB Financial Inc. (MBFI) | | | National Bank Hldgs Corp. (NBHC) | | ||
| Pinnacle Financial Partners Inc. (PNFP) | | | PrivateBancorp Inc. (PVTB) | | ||
| Renasant Corp. (RNST) | | | South State Corporation | | ||
| | Texas Capital Bancshares Inc. | | ||||
| | United Community Banks Inc. | |
• | |
Targeted Benefit | Targeted Benefit | |||||||
Executive Name & Title | (% of Base Salary) | ($) | ||||||
George A. Makris, Jr., Chief Executive Officer | 50.00 | % | $ | 251,750 | ||||
Robert A. Fehlman, Chief Financial Officer | 37.50 | % | $ | 115,686 | ||||
J. French Hill, Executive Vice President | 15.00 | % | $ | 48,000 | ||||
David L. Bartlett, President & Chief Banking Officer | 45.00 | % | $ | 170,200 | ||||
Marty D. Casteel, Executive Vice President | 37.50 | % | $ | 115,040 |
Executive Name & Title | | | Targeted Benefit (% of Base Salary) | | | Targeted Benefit ($) | | ||||||
George A. Makris, Jr., Chief Executive Officer | | | | | 85.00% | | | | | $ | 505,750 | | |
Robert A. Fehlman, Chief Financial Officer | | | | | 70.00% | | | | | $ | 233,800 | | |
Marty D. Casteel, Senior Executive Vice President | | | | | 70.00% | | | | | $ | 233,800 | | |
Barry K. Ledbetter, EVP & Chief Banking Officer | | | | | 40.00% | | | | | $ | 124,400 | | |
Patrick A. Burrow, EVP, General Counsel & Secretary | | | | | 40.00% | | | | | $ | 106,920 | | |
Component | | | All NEOs (except Ledbetter) | | | Ledbetter | | ||||||
Corporate Core Net Income | | | | | 50% | | | | | | 25% | | |
Core Efficiency Ratio 2016 | | | | | 50% | | | | | | 25% | | |
Adj. Total Revenue - Simmons Bank | | | | | 0% | | | | | | 25% | | |
Adj. Pre-tax earnings - Simmons Bank | | | | | 0% | | | | | | 25% | | |
Benefit Level [1] | | | Threshold 50% | | | Target 100% | | | Maximum 200% | | | 2016 Results | | | 2016 Prorated Benefit Level | | |||||||||||||||
Core Net Income | | | | $ | 89,622,000 | | | | | $ | 108,242,000 | | | | | $ | 113,654,000 | | | | | $ | 101,409,000 | | | | | | 82% | | |
Core Efficiency Ratio | | | 59.5% | | | 56.4% | | | 53.0% | | | 56.3% | | | | | 103% | | | ||||||||||||
Aggregate Benefit [2] | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 92.5% | | |
Adjusted Total Revenue | | | | $ | 246,900,000 | | | | | $ | 274,330,000 | | | | | $ | 301,770,000 | | | | | $ | 266,583,000 | | | | | | 86% | | |
Adjusted Pretax Earnings | | | | $ | 158,922,000 | | | | | $ | 176,572,000 | | | | | $ | 194,231,000 | | | | | $ | 165,905,000 | | | | | | 70% | | |
Aggregate Benefit [3] | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 85.3% | | |
Name | | | Component | | | Weighting Factor (%) | | | Targeted Incentive ($) | | | Earned BenefitLevel (%) | | | Incentive Earned ($) | | ||||||||||||
George A. Makris, Jr. | | | Core Net Income | | | | | 50% | | | | | $ | 252,875 | | | | | | 82% | | | | | $ | 207,358 | | |
| | | Efficiency Ratio | | | | | 50% | | | | | | 252,875 | | | | | | 103% | | | | | | 260,461 | | |
| | | Total EIP Benefit | | | | | | | | | | | | | | | | | 92.5% | | | | | $ | 467,819 | | |
Robert A. Fehlman | | | Core Net Income | | | | | 50% | | | | | $ | 116,900 | | | | | | 82% | | | | | $ | 95,858 | | |
| | | Efficiency Ratio | | | | | 50% | | | | | | 116,900 | | | | | | 103% | | | | | | 120,407 | | |
| | | Total EIP Benefit | | | | | | | | | | | | | | | | | 92.5% | | | | | $ | 216,265 | | |
Marty D. Casteel | | | Core Net Income | | | | | 50% | | | | | $ | 116,900 | | | | | | 82% | | | | | $ | 95,858 | | |
| | | Efficiency Ratio | | | | | 50% | | | | | | 116,900 | | | | | | 103% | | | | | | 120,407 | | |
| | | Total EIP Benefit | | | | | | | | | | | | | | | | | 92.5% | | | | | $ | 216,265 | | |
Barry K. Ledbetter | | | Core Net Income | | | | | 25% | | | | | $ | 31,100 | | | | | | 82% | | | | | $ | 25,501 | | |
| | | Efficiency Ratio | | | | | 25% | | | | | | 31,100 | | | | | | 103% | | | | | | 32,033 | | |
| | | Adj. Total Revenue | | | | | 25% | | | | | | 31,100 | | | | | | 86% | | | | | | 26,746 | | |
| | | Adj. Pretax Earnings | | | | | 25% | | | | | | 31,100 | | | | | | 70% | | | | | | 21,770 | | |
| | | Discretionary Adjustment [a] | | | | | | | | | | | | | | | | | -10% | | | | | | (12,440) | | |
| | | Total EIP Benefit | | | | | | | | | | | | | | | | | 75.3% | | | | | $ | 93,611 | | |
Patrick A. Burrow | | | Core Net Income | | | | | 50% | | | | | $ | 53,460 | | | | | | 82% | | | | | $ | 43,837 | | |
| | | Efficiency Ratio | | | | | 50% | | | | | | 53,460 | | | | | | 103% | | | | | | 55,064 | | |
| | | Total EIP Benefit | | | | | | | | | | | | | | | | | 92.5% | | | | | $ | 98,901 | | |
Name | Component | Weighting Factor | Targeted Incentive | Performance Level | Incentive Earned | Incentive Earned | |||||||||||||||
George A. Makris, Jr. | Core EPS | 25 | % | $ | 62,938 | 93 | % | 23.25 | % | $ | 58,532 | ||||||||||
Core Efficiency Ratio | 25 | % | 62,938 | 143 | % | 35.75 | % | 90,001 | |||||||||||||
Loan Growth | 20 | % | 50,350 | 72 | % | 14.40 | % | 36,252 | |||||||||||||
Individual Goals | 30 | % | 75,525 | 100 | % | 30.00 | % | 75,525 | |||||||||||||
Targeted EIP | 100 | % | $ | 251,750 | 103.40 | % | $ | 260,310 | |||||||||||||
Discretionary | 25.00 | % | 62,938 | ||||||||||||||||||
Total EIP Benefit | 128.40 | % | $ | 323,248 | |||||||||||||||||
Robert A. Fehlman | Core EPS | 25 | % | $ | 28,922 | 93 | % | 23.25 | % | $ | 26,897 | ||||||||||
Core Efficiency | 25 | % | 28,922 | 143 | % | 35.75 | % | 41,358 | |||||||||||||
Individual Goals | 50 | % | 57,843 | 100 | % | 50.00 | % | 57,843 | |||||||||||||
Targeted EIP | 100 | % | $ | 115,687 | 109.00 | % | $ | 126,208 | |||||||||||||
Discretionary | 25.00 | % | 28,922 | ||||||||||||||||||
Total EIP Benefit | 134.00 | % | $ | 155,020 | |||||||||||||||||
J. French Hill | Core EPS | 50 | % | $ | 24,000 | 93 | % | 46.50 | % | $ | 22,320 | ||||||||||
Core Efficiency Ratio | 50 | % | 24,000 | 143 | % | 71.50 | % | 34,320 | |||||||||||||
Targeted EIP | 100 | % | $ | 48,000 | 118.00 | % | $ | 56,640 | |||||||||||||
Discretionary | 0.00 | % | 0 | ||||||||||||||||||
Total EIP Benefit | 118.00 | % | $ | 56,640 | |||||||||||||||||
David L. Bartlett | Core EPS | 25 | % | $ | 42,550 | 93 | % | 23.25 | % | $ | 39,572 | ||||||||||
Core Efficiency Ratio | 25 | % | 42,550 | 143 | % | 35.75 | % | 60,847 | |||||||||||||
Loan Growth | 20 | % | 34,040 | 72 | % | 14.40 | % | 24,509 | |||||||||||||
Individual Goals | 30 | % | 51,060 | 100 | % | 30.00 | % | 51,060 | |||||||||||||
Targeted EIP | 100 | % | $ | 170,200 | 103.40 | % | $ | 175,988 | |||||||||||||
Discretionary | 25.00 | % | 42,550 | ||||||||||||||||||
Total EIP Benefit | 128.40 | % | $ | 218,538 | |||||||||||||||||
Marty D. Casteel | Core EPS | 25 | % | $ | 28,760 | 93 | % | 23.25 | % | $ | 26,747 | ||||||||||
Core Efficiency Ratio | 25 | % | 28,760 | 143 | % | 35.75 | % | 41,127 | |||||||||||||
Loan Growth | 20 | % | 23,008 | 72 | % | 14.40 | % | 16,566 | |||||||||||||
Individual Goals | 30 | % | 34,512 | 100 | % | 30.00 | % | 34,512 | |||||||||||||
Targeted EIP | 100 | % | $ | 115,040 | 103.40 | % | $ | 118.95 | |||||||||||||
Discretionary | 25.00 | % | 28,760 | ||||||||||||||||||
Total EIP Benefit | 128.40 | % | $ | 147,712 |
Executive Name & Title | 2014 Targeted | 2014 Targeted | 2015 Targeted | 2015 Targeted | ||||||||||||
George A. Makris, Jr., CEO | 40 | % | $ | 161,286 | 45 | % | 201,400 | |||||||||
Robert A. Fehlman, CFO | 30 | % | 90,291 | 30 | % | 92,549 | ||||||||||
J. French Hill, EVP | 0 | % | 0 | 0 | % | 0 | ||||||||||
David L. Bartlett, President & CBO | 35 | % | 129,465 | 35 | % | 132,378 | ||||||||||
Marty D. Casteel, EVP | 30 | % | 88,920 | 30 | % | 92,032 |
| | | Targeted Equity Incentive | | | Targeted Equity Incentive | | | Stock Option Allocation | | | RSU Allocation | | | PSU Allocation | | |||||||||||||||
Executive Name & Title | | | (% of Salary) | | | ($) | | | ($) | | | ($) | | | ($) | | |||||||||||||||
George A. Makris, Jr., CEO | | | | | 114% | | | | | $ | 712,959 | | | | | $ | 158,828 | | | | | $ | 184,789 | | | | | $ | 369,342 | | |
Robert A. Fehlman, CFO | | | | | 74% | | | | | | 256,479 | | | | | | 57,094 | | | | | | 66,533 | | | | | | 132,852 | | |
Marty D. Casteel, EVP | | | | | 74% | | | | | | 256,479 | | | | | | 57,094 | | | | | | 66,533 | | | | | | 132,852 | | |
Barry K. Ledbetter, EVP & CBO | | | | | 47% | | | | | | 149,372 | | | | | | 33,232 | | | | | | 38,792 | | | | | | 77,348 | | |
Patrick A. Burrow, EVP, General Counsel & Secretary | | | | | 47% | | | | | | 128,493 | | | | | | 28,576 | | | | | | 33,384 | | | | | | 66,533 | | |
Equity Incentives | |||||||||||||||||||||
Component | Weight | Performance Year | Grant Year | Threshold (50%) | Target (100%) | Maximum (150%) | Actual | ||||||||||||||
Return on Tangible Assets | 25 | % | 2013 | 2014 | 0.83 | % | 1.19 | % | 1.61 | % | 0.79 | % | |||||||||
Core Revenue Growth | 25 | % | 2013 | 2014 | 1.96 | % | 7.07 | % | 13.24 | % | 7.73 | % | |||||||||
Legacy Non-Performing Assets | 25 | % | 2013 | 2014 | 3.26 | % | 2.01 | % | 1.10 | % | 0.61 | % | |||||||||
Discretionary | 25 | % | 2013 | 2014 | * | * | * | * | |||||||||||||
Return on Tangible Assets | 25 | % | 2014 | 2015 | 0.89 | % | 1.05 | % | 1.28 | % | 0.88 | % | |||||||||
Core Revenue Growth | 25 | % | 2014 | 2015 | 1.62 | % | 7.53 | % | 18.52 | % | 19.60 | % | |||||||||
Legacy Non-Performing Assets | 25 | % | 2014 | 2015 | 1.41 | % | 0.64 | % | 0.53 | % | 0.60 | % | |||||||||
Discretionary | 25 | % | 2014 | 2015 | * | * | * | * |
Component | | | Threshold (50%) | | | Target (100%) | | | Maximum (200%) | | |||||||||
Core earnings per share | | | | $ | 3.82 | | | | | $ | 4.14 | | | | | $ | 4.45 | | |
Modifier | | | Threshold (80%) | | | Target (100%) | | | Maximum (120%) | | |||||||||
Total Shareholder Return Ratio | | | | | 90% | | | | | | 100% | | | | | | 110% | | |
| Jay D. Burchfield, Chairman | | | Steven A. Cossé, | Mark C. Doramus | | ||
| W. Scott McGeorge | | Robert L. Shoptaw | | | | |
perquisites and other personal benefits, or property, unless the aggregate amount of such compensation is less than $10,000; | ||
Name and Principal Position | | | Year ($) | | | Salary ($) | | | Bonus | | | Stock Awards ($) | | ��� | Option Awards ($) | | | Non-Equity Incentive Plan Compensation ($) | | | Change in Pension Value and Nonqualified Deferred Compensation Earnings ($) | | | All Other Compensation ($) [a] | | | Total ($) | | |||||||||||||||||||||||||||
George A. Makris, Jr. Chairman & CEO | | | | | 2016 | | | | | $ | 625,000 | | | | | $ | 0 | | | | | $ | 1,016,808 | | | | | $ | 158,828 | | | | | $ | 467,819 | | | | | $ | 93,546 | | | | | $ | 44,074 | | | | | $ | 2,406,075 | | |
| | | 2015 | | | | | $ | 595,000 | | | | | $ | 45,000 | | | | | $ | 1,113,397 | | | | | $ | 591,759 | | | | | $ | 622,668 | | | | | $ | 90,339 | | | | | $ | 42,282 | | | | | $ | 3,100,445 | | | ||
| | | 2014 | | | | | $ | 502,500 | | | | | $ | 0 | | | | | $ | 574,536 | | | | | $ | 0 | | | | | $ | 323,248 | | | | | $ | 74,264 | | | | | $ | 40,662 | | | | | $ | 1,515,210 | | | ||
Robert A. Fehlman, Chief Financial Officer | | | | | 2016 | | | | | $ | 344,500 | | | | | $ | 0 | | | | | $ | 386,995 | | | | | $ | 57,094 | | | | | $ | 216,265 | | | | | $ | 111,859 | | | | | $ | 45,686 | | | | | $ | 1,162,399 | | |
| | | 2015 | | | | | $ | 334,000 | | | | | $ | 0 | | | | | $ | 472,779 | | | | | $ | 262,780 | | | | | $ | 249,665 | | | | | $ | 89,440 | | | | | $ | 48,327 | | | | | $ | 1,456,991 | | | ||
| | | 2014 | | | | | $ | 306,614 | | | | | $ | 0 | | | | | $ | 180,487 | | | | | $ | 0 | | | | | $ | 155,020 | | | | | $ | 64,553 | | | | | $ | 49,243 | | | | | $ | 755,917 | | | ||
Marty D. Casteel, Senior Executive Vice President, | | | | | 2016 | | | | | $ | 344,500 | | | | | $ | 0 | | | | | $ | 386,995 | | | | | $ | 57,094 | | | | | $ | 216,265 | | | | | $ | 95,878 | | | | | $ | 43,415 | | | | | $ | 1,144,147 | | |
| | | 2015 | | | | | $ | 334,000 | | | | | $ | 0 | | | | | $ | 472,779 | | | | | $ | 262,780 | | | | | $ | 249,665 | | | | | $ | 94,502 | | | | | $ | 45,541 | | | | | $ | 1,459,267 | | | ||
| | | 2014 | | | | | $ | 304,180 | | | | | $ | 0 | | | | | $ | 184,798 | | | | | $ | 0 | | | | | $ | 147,712 | | | | | $ | 77,639 | | | | | $ | 43,662 | | | | | $ | 757,991 | | | ||
Barry M. Ledbetter, Executive Vice President & Chief Banking Officer | | | | | 2016 | | | | | $ | 315,665 | | | | | $ | 0 | | | | | $ | 228,047 | | | | | $ | 33,232 | | | | | $ | 93,611 | | | | | $ | 106,549 | | | | | $ | 42,648 | | | | | $ | 819,752 | | |
| | | 2015 | | | | | $ | 270,750 | | | | | $ | 0 | | | | | $ | 130,585 | | | | | $ | 114,620 | | | | | $ | 140,770 | | | | | $ | 77,269 | | | | | $ | 29,335 | | | | | $ | 763,329 | | | ||
| | | 2014 | | | | | $ | 158,976 | | | | | $ | 26,342 | | | | | $ | 169,037 | | | | | $ | 0 | | | | | $ | 69,948 | | | | | $ | 22,718 | | | | | $ | 31,235 | | | | | $ | 478,256 | | | ||
| | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||
Patrick A. Burrow, Executive Vice President, Secretary & General Counsel [b] | | | | | 2016 | | | | | $ | 271,310 | | | | | $ | 0 | | | | | $ | 215,351 | | | | | $ | 28,576 | | | | | $ | 98,901 | | | | | $ | 0 | | | | | $ | 41,923 | | | | | $ | 656,061 | | |
| | | 2015 | | | | | $ | 264,444 | | | | | $ | 0 | | | | | $ | 156,436 | | | | | $ | 141,892 | | | | | $ | 159,846 | | | | | $ | 0 | | | | | $ | 29,911 | | | | | $ | 752,529 | | | ||
| | | 2014 | | | | | $ | 97,592 | | | | | $ | 0 | | | | | $ | 331,191 | | | | | $ | 0 | | | | | $ | 27,528 | | | | | $ | 0 | | | | | $ | 3,216 | | | | | $ | 459,527 | | | ||
| | | | | | | | | | | | | |
| | | 401(k) Plan | | | Executive Exp. Stipend | | | Insurance Premiums | | | Dividends on Unvested Restricted Shares | | | Total Other Compensation | | |||||||||||||||
Mr. Makris | | | | $ | 15,847 | | | | | $ | 12,000 | | | | | $ | 8,501 | | | | | $ | 7,726 | | | | | $ | 44,074 | | |
Mr. Fehlman | | | | $ | 15,847 | | | | | $ | 12,000 | | | | | $ | 10,073 | | | | | $ | 7,766 | | | | | $ | 45,686 | | |
Mr. Casteel | | | | $ | 15,847 | | | | | $ | 12,151 | | | | | $ | 8,118 | | | | | $ | 7,299 | | | | | $ | 43,415 | | |
Mr. Ledbetter | | | | $ | 15,847 | | | | | $ | 12,000 | | | | | $ | 10,038 | | | | | $ | 4,763 | | | | | $ | 42,648 | | |
Mr. Burrow | | | | $ | 15,847 | | | | | $ | 12,000 | | | | | $ | 8,323 | | | | | $ | 5,753 | | | | | $ | 41,923 | | |
Name and | Year | Salary ($) | Bonus ($) | Stock Awards ($) | Option Awards ($) | Non- EquityCompen- sation ($) | Change in PensionDeferred Compensation Earnings ($) | All Other($) [a] | Total ($) | ||||||||||||||||||||||||
George A. Makris, Jr. | 2014 | $ | 502,500 | $ | 0 | $ | 574,536 | $ | 0 | $ | 323,248 | $ | 74,264 | $ | 40,662 | $ | 1,515,210 | ||||||||||||||||
Chairman & CEO[b] | 2013 | $ | 403,216 | $ | 0 | $ | 0 | $ | 0 | $ | 150,057 | $ | 69,710 | $ | 20,322 | $ | 643,305 | ||||||||||||||||
Robert A. Fehlman, | 2014 | $ | 306,614 | $ | 0 | $ | 180,487 | $ | 0 | $ | 155,020 | $ | 64,553 | $ | 49,243 | $ | 755,917 | ||||||||||||||||
Chief Financial | 2013 | $ | 300,971 | $ | 0 | $ | 141,184 | $ | 0 | $ | 138,145 | $ | 68,393 | $ | 43,122 | $ | 691,815 | ||||||||||||||||
Officer | 2012 | $ | 265,500 | $ | 10,000 | $ | 56,695 | $ | 0 | $ | 115,244 | $ | 39,349 | $ | 43,914 | $ | 530,702 | ||||||||||||||||
J. French Hill, | 2014 | $ | 70,764 | $ | 885,300 | $ | 296,700 | $ | 0 | $ | 56,640 | $ | 0 | $ | 4,526 | $ | 1,313,930 | ||||||||||||||||
Executive Vice | |||||||||||||||||||||||||||||||||
President [c] | |||||||||||||||||||||||||||||||||
David L. Bartlett, | 2014 | $ | 376,142 | $ | 0 | $ | 212,735 | $ | 0 | $ | 218,538 | $ | 63,585 | $ | 44,697 | $ | 915,697 | ||||||||||||||||
President and Chief | 2013 | $ | 369,000 | $ | 0 | $ | 220,049 | $ | 0 | $ | 201,162 | $ | 51,009 | $ | 39,069 | $ | 880,289 | ||||||||||||||||
Banking Officer | 2012 | $ | 340,000 | $ | 0 | $ | 85,243 | $ | 0 | $ | 166,388 | $ | 46,068 | $ | 43,357 | $ | 681,056 | ||||||||||||||||
Marty D. Casteel, | 2014 | $ | 304,180 | $ | 0 | $ | 184,798 | $ | 0 | $ | 147,712 | $ | 77,639 | $ | 43,662 | $ | 757,991 | ||||||||||||||||
Executive Vice | 2013 | $ | 296,400 | $ | 0 | $ | 88,030 | $ | 0 | $ | 146,552 | $ | 73,442 | $ | 37,944 | $ | 642,368 | ||||||||||||||||
President, | 2012 | $ | 265,500 | $ | 10,000 | $ | 108,555 | $ | 0 | $ | 113,253 | $ | 62,733 | $ | 40,481 | $ | 600,522 | ||||||||||||||||
Administration |
Dividends | Total | |||||||||||||||||||||||||||
Plan | Contributions | Automobile | Life Insurance | Country | on Unvested | Other | ||||||||||||||||||||||
ESOP | 401(k) | Allowance | Premiums | Club Dues | Restricted Shares | Compensation | ||||||||||||||||||||||
Mr. Makris | $ | 14,380 | $ | 3,900 | $ | 6,000 | $ | 2,079 | $ | 5,886 | $ | 8,417 | $ | 40,662 | ||||||||||||||
Mr. Fehlman | $ | 14,380 | $ | 3,900 | $ | 6,000 | $ | 952 | $ | 8,440 | $ | 15,571 | $ | 49,243 | ||||||||||||||
Mr. Hill | $ | 4,013 | $ | 0 | $ | 0 | $ | 513 | $ | 0 | $ | 0 | $ | 4,526 | ||||||||||||||
Mr. Bartlett | $ | 14,380 | $ | 0 | $ | 1,348 | $ | 4,737 | $ | 7,570 | $ | 16,662 | $ | 44,697 | ||||||||||||||
Mr. Casteel | $ | 14,380 | $ | 3,900 | $ | 6,000 | $ | 3,549 | $ | 3,051 | $ | 12,753 | $ | 43,662 |
Name | | | Grant Date | | | Estimated Future Payouts UnderNon-Equity Incentive Plan Awards | | | Estimated Future Payouts Under Equity Incentive Plan Awards | | | All Other Stock Awards: Number of Shares of Stock or Units (#) [a] | | | All Other Option Awards: Number of Securities Underlying Options (#) | | | Exercise or Base Price of Option Awards ($/Sh) | | | Grant Date Fair Value of Stock and Option Awards ($) | | |||||||||||||||||||||||||||||||||||||||||||||
| Threshold ($) | | | Target ($) | | | Maximum ($) | | | Threshold (#) | | | Target (#) | | | Maximum (#) | | ||||||||||||||||||||||||||||||||||||||||||||||||||
George A. Makris, Jr. | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
EIP | | | | | 01-01-16 | | | | | $ | 252,875 | | | | | $ | 505,750 | | | | | $ | 1,011,500 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ��� | | | | | | | | | | | | | | |
Equity Plans | | | | | 01-19-16 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 13,645[b] | | | | | $ | 47.02 | | | | | $ | 158,828 | | |
Equity Plans | | | | | 01-19-16 | | | | | | | | | | | | | | | | | | | | | | | | 3,928 | | | | | | 7,855[c] | | | | | | 15,710 | | | | | | | | | | | | | | | | | | | | | | | $ | 369,342 | | |
Equity Plans | | | | | 01-19-16 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,930[d] | | | | | | | | | | | | | | | | | $ | 184,789 | | |
Equity Plans | | | | | 01-20-16 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 9,840[e] | | | | | | | | | | | | | | | | | $ | 462,677 | | |
Robert A. Fehlman | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
EIP | | | | | 01-01-16 | | | | | $ | 116,900 | | | | | $ | 233,800 | | | | | $ | 467,600 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Equity Plans | | | | | 01-19-16 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 4,905[b] | | | | | $ | 47.02 | | | | | $ | 57,094 | | |
Equity Plans | | | | | 01-19-16 | | | | | | | | | | | | | | | | | | | | | | | | 1,413 | | | | | | 2,825[c] | | | | | | 5,650 | | | | | | | | | | | | | | | | | | | | | | | $ | 132,832 | | |
Equity Plans | | | | | 01-19-16 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,415[d] | | | | | | | | | | | | | | | | | $ | 66,533 | | |
Equity Plans | | | | | 01-20-16 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,990[e] | | | | | | | | | | | | | | | | | $ | 187,610 | | |
Marty D. Casteel | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
EIP | | | | | 01-01-16 | | | | | $ | 116,900 | | | | | $ | 233,800 | | | | | $ | 467,600 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Equity Plans | | | | | 01-19-16 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 4,905[b] | | | | | $ | 47.02 | | | | | $ | 57,094 | | |
Equity Plans | | | | | 01-19-16 | | | | | | | | | | | | | | | | | | | | | | | | 1,413 | | | | | | 2,825[c] | | | | | | 5,650 | | | | | | | | | | | | | | | | | | | | | | | $ | 132,832 | | |
Equity Plans | | | | | 01-19-16 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,415[d] | | | | | | | | | | | | | | | | | $ | 66,533 | | |
Equity Plans | | | | | 01-20-16 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,990[e] | | | | | | | | | | | | | | | | | $ | 187,610 | | |
Barry K. Ledbetter | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
EIP | | | | | 01-01-16 | | | | | $ | 62,200 | | | | | $ | 124,400 | | | | | $ | 248,800 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Equity Plans | | | | | 01-19-16 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,855[b] | | | | | $ | 47.02 | | | | | $ | 33,232 | | |
Equity Plans | | | | | 01-19-16 | | | | | | | | | | | | | | | | | | | | | | | | 823 | | | | | | 1,645[c] | | | | | | 3,290 | | | | | | | | | | | | | | | | | | | | | | | $ | 77,348 | | |
Equity Plans | | | | | 01-19-16 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 825[d] | | | | | | | | | | | | | | | | | $ | 38,792 | | |
Equity Plans | | | | | 01-20-16 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,380[e] | | | | | | | | | | | | | | | | | $ | 111,908 | | |
Patrick A. Burrow | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
EIP | | | | | 03-25-15 | | | | | $ | 53,460 | | | | | $ | 106,920 | | | | | $ | 213,840 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Equity Plans | | | | | 01-19-16 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,455[b] | | | | | $ | 47.02 | | | | | $ | 28,576 | | |
Equity Plans | | | | | 01-19-16 | | | | | | | | | | | | | | | | | | | | | | | | 708 | | | | | | 1,415[c] | | | | | | 2,830 | | | | | | | | | | | | | | | | | | | | | | | $ | 66,533 | | |
Equity Plans | | | | | 01-19-16 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 710[d] | | | | | | | | | | | | | | | | | $ | 33,384 | | |
Equity Plans | | | | | 01-20-16 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,455[e] | | | | | | | | | | | | | | | | | $ | 115,434 | | |
| | | Option Awards | | | Stock Awards | | ||||||||||||||||||
Name | | | Number of Shares Acquired on Exercise (#) | | | Value Realized on Exercise [a] ($) | | | Number of Shares Acquired on Vesting (#) | | | Value Realized on Vesting [b] ($) | | ||||||||||||
George A. Makris, Jr. | | | | | 2,000 | | | | | $ | 28,690 | | | | | | 39,488 | | | | | $ | 2,250,621 | | |
Robert A. Fehlman | | | | | 0 | | | | | $ | 0 | | | | | | 10,804 | | | | | $ | 540,582 | | |
Marty D. Casteel | | | | | 1,000 | | | | | $ | 19,130 | | | | | | 10,810 | | | | | $ | 540,820 | | |
Barry K. Ledbetter | | | | | 0 | | | | | $ | 0 | | | | | | 6,691 | | | | | $ | 337,948 | | |
Patrick A. Burrow | | | | | 0 | | | | | $ | 0 | | | | | | 4,453 | | | | | $ | 236,404 | | |
Option Awards | Stock Awards | |||||||||||||||
Name | Number of | Value | Number of | Value | ||||||||||||
Shares Acquired | Realized on | Shares Acquired | Realized on | |||||||||||||
on Exercise | Exercise [a] | on Vesting | Vesting [b] | |||||||||||||
(#) | ($) | (#) | ($) | |||||||||||||
George A. Makris, Jr. | 0 | $ | 0 | 0 | $ | 0 | ||||||||||
Robert A. Fehlman | 0 | $ | 0 | 2,530 | $ | 88,934 | ||||||||||
J. French Hill | 0 | $ | 0 | 0 | $ | 0 | ||||||||||
David L. Bartlett | 21,730 | $ | 291,748 | 2,991 | $ | 104,066 | ||||||||||
Marty D. Casteel | 2,000 | $ | 30,228 | 2,511 | $ | 73,411 |
[b] | The Value Realized on Vesting is computed using the closing market price upon the date of vesting. |
Name | Grant | Estimated Future Payouts Under | All | All | Exercise | Grant | ||||||||||||||||||||
Date | Non-Equity Incentive Plan Awards | Other | Other | or Base | Date | |||||||||||||||||||||
Stock | Option | Price of | Fair | |||||||||||||||||||||||
Threshold | Target | Maximum | Awards: | Awards: | Option | Value | ||||||||||||||||||||
($) | ($) | ($) | Number | Number | Awards | of | ||||||||||||||||||||
of | of | ($/Sh) | Stock | |||||||||||||||||||||||
Shares | Securities | and | ||||||||||||||||||||||||
of Stock | Under- | Option | ||||||||||||||||||||||||
or Units | lying | Awards | ||||||||||||||||||||||||
(#)[a] | Options | ($) | ||||||||||||||||||||||||
(#) | ||||||||||||||||||||||||||
George A. Makris, Jr. | ||||||||||||||||||||||||||
EIP | 01-01-14 | $ | 125,875 | $ | 251,750 | $ | 503,500 | |||||||||||||||||||
Stock Plan | 01-27-14 | 5,000 [b | ] | 0 | ___ | $ | 183,350 | |||||||||||||||||||
Stock Plan | 02-24-14 | 4,565 [b | ] | 0 | ___ | $ | 157,447 | |||||||||||||||||||
CEO-LTIP | 02-24-14 | 6,777 [c | ] | 0 | $ | 233,739 | ||||||||||||||||||||
Robert A. Fehlman | ||||||||||||||||||||||||||
EIP | 01-01-14 | $ | 57,843 | $ | 115,686 | $ | 231,371 | |||||||||||||||||||
Stock Plan | 01-27-14 | 2,500 [b | ] | 0 | ___ | $ | 91,675 | |||||||||||||||||||
Stock Plan | 02-24-14 | 2,575 [b | ] | 0 | ___ | $ | 88,812 | |||||||||||||||||||
J. French Hill. | ||||||||||||||||||||||||||
EIP | 01-01-14 | $ | 24,000 | $ | 48,000 | $ | 96,000 | |||||||||||||||||||
Stock Plan | 10-15-14 | 7,500 [b | ][d] | 0 | ___ | $ | 296,700 | |||||||||||||||||||
David L. Bartlett | ||||||||||||||||||||||||||
EIP | 01-01-14 | $ | 85,100 | $ | 170,200 | $ | 340,401 | |||||||||||||||||||
Stock Plan | 01-27-14 | 2,500 [b | ] | 0 | ___ | $ | 91,675 | |||||||||||||||||||
Stock Plan | 02-24-14 | 3,510 [b | ] | 0 | ___ | $ | 121,060 | |||||||||||||||||||
Marty D. Casteel | ||||||||||||||||||||||||||
EIP | 01-01-14 | $ | 57,520 | $ | 115,040 | $ | 230,081 | |||||||||||||||||||
Stock Plan | 01-27-14 | 2,500 [b | ] | 0 | ___ | $ | 91,675 | |||||||||||||||||||
Stock Plan | 02-24-14 | 2,700 [b | ] | 0 | ___ | $ | 93,123 |
| | | Option Awards | | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||||
Name | | | Number of Securities Underlying Unexercised Options (#) Exercisable | | | Number of Securities Underlying Unexercised Options (#) Unexercisable | | | Option Exercise Price ($) | | | Option Expiration Date | | | Number of Shares or Units of Stock That Have Not Vested (#) | | | Market Value of Shares or Units of Stock That Have Not Vested ($) | | | Equity Incentive Plan Awards: Number of Unearned Shares or Units That Nave Not Vested (#) | | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares or Units That Have Not Vested ($) | | ||||||||||||||||||||||||
George A. Makris, Jr. | | | | | 10,710 | | | | | | 0 | | | | | $ | 40.57 | | | | | | 12-31-24 | | | | | | | ||||||||||||||||||||
| | | | | 4,240 | | | | | | 8,480[a] | | | | | $ | 44.40 | | | | | | 03-25-25 | | | | | | | ||||||||||||||||||||
| | | | | 39,690 | | | | | | 12,600[b] | | | | | $ | 45.50 | | | | | | 08-09-25 | | | | | | | ||||||||||||||||||||
| | | | | 0 | | | | | | 13,645[c] | | | | | $ | 47.02 | | | | | | 01-19-26 | | | | | | | ||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,000[d] | | | | | $ | 186,450 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,739[e] | | | | | $ | 170,229 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,627[a] | | | | | $ | 101,118 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,930[c] | | | | | $ | 244,250 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 5,925[f] | | | | | $ | 368,239 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 7,855[g] | | | | | $ | 488,188 | | |
Robert A. Fehlman | | | | | 4,380 | | | | | | 0 | | | | | $ | 30.31 | | | | | | 05-29-18 | | | | | | | ||||||||||||||||||||
| | | | | 4,340 | | | | | | 0 | | | | | $ | 40.57 | | | | | | 12-31-24 | | | | | | | ||||||||||||||||||||
| | | | | 2,545 | | | | | | 5,090[b] | | | | | $ | 44.40 | | | | | | 03-25-25 | | | | | | | ||||||||||||||||||||
| | | | | 16,095 | | | | | | 5,110[h] | | | | | $ | 45.50 | | | | | | 08-09-25 | | | | | | | ||||||||||||||||||||
| | | | | 0 | | | | | ��� | 4,905[c] | | | | | $ | 47.02 | | | | | | 01-19-26 | | | | | | | ||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 425[i] | | | | | $ | 26,414 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 493[j] | | | | | $ | 30,640 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 800[k] | | | | | $ | 49,720 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,022[l] | | | | | $ | 63,517 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,500[d] | | | | | $ | 93,225 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,545[e] | | | | | $ | 96,022 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 977[a] | | | | | $ | 60,721 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,415[c] | | | | | $ | 87,942 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,405[f] | | | | | $ | 148,471 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,825[g] | | | | | $ | 175,574 | | |
Marty D. Casteel | | | | | 1,200 | | | | | | 0 | | | | | $ | 28.42 | | | | | | 05-30-17 | | | | | | | ||||||||||||||||||||
| | | | | 4,210 | | | | | | 0 | | | | | $ | 30.31 | | | | | | 05-29-18 | | | | | | | ||||||||||||||||||||
| | | | | 4,340 | | | | | | 0 | | | | | $ | 40.57 | | | | | | 12-31-24 | | | | | | | ||||||||||||||||||||
| | | | | 2,545 | | | | | | 5,090[b] | | | | | $ | 44.40 | | | | | | 03-25-25 | | | | | | | ||||||||||||||||||||
| | | | | 16,095 | | | | | | 5,110[h] | | | | | $ | 45.50 | | | | | | 08-09-25 | | | | | | | ||||||||||||||||||||
| | | | | 0 | | | | | | 4,905[c] | | | | | $ | 47.02 | | | | | | 01-19-26 | | | | | | | ||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 425[i] | | | | | $ | 26,414 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 400[m] | | | | | $ | 24,860 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 493[j] | | | | | $ | 30,640 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 984[l] | | | | | $ | 61,156 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,500[d] | | | | | $ | 93,225 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,620[e] | | | | | $ | 100,683 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 977[a] | | | | | $ | 60,721 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,415[c] | | | | | $ | 87,942 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,405[f] | | | | | $ | 148,471 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,825[g] | | | | | $ | 175,574 | | |
Barry K. Ledbetter | | | | | 1,900 | | | | | | 0 | | | | | $ | 30.31 | | | | | | 05-29-18 | | | | | | | ||||||||||||||||||||
| | | | | 2,580 | | | | | | 0 | | | | | $ | 40.57 | | | | | | 12-31-24 | | | | | | | ||||||||||||||||||||
| | | | | 9,594 | | | | | | 3,046[n] | | | | | $ | 45.50 | | | | | | 08-09-25 | | | | | | | ||||||||||||||||||||
| | | | | 0 | | | | | | 2,855[c] | | | | | $ | 47.02 | | | | | | 01-19-26 | | | | | | | ||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 453[j] | | | | | $ | 28,154 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,022[m] | | | | | $ | 63,517 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 780[e] | | | | | $ | 48,477 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,800[o] | | | | | $ | 111,870 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 825[c] | | | | | $ | 51,274 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,435[f] | | | | | $ | 89,185 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,645[g] | | | | | $ | 102,237 | | |
Patrick A. Burrow | | | | | 2,670 | | | | | | 0 | | | | | $ | 40.57 | | | | | | 12-31-24 | | | | | | | ||||||||||||||||||||
| | | | | 848 | | | | | | 1,697[a] | | | | | $ | 44.40 | | | | | | 03-25-25 | | | | | | | ||||||||||||||||||||
| | | | | 9,909 | | | | | | 3,146[b] | | | | | $ | 45.50 | | | | | | 08-09-25 | | | | | | | ||||||||||||||||||||
| | | | | 0 | | | | | | 2,455[c] | | | | | $ | 47.02 | | | | | | 01-19-26 | | | | | | | ||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 4,500[p] | | | | | $ | 279,675 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 327[a] | | | | | $ | 20,323 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 710[c] | | | | | $ | 44,127 | | | | | ||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,480[f] | | | | | $ | 91,982 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,415[g] | | | | | $ | 87,942 | | |
Option Awards | Stock Awards | ||||||||||||||||||
Name | Number | Number | Option | Option | Number of | Market Value | |||||||||||||
of Securities | of Securities | Exercise | Expiration | Shares or | of Shares or | ||||||||||||||
Underlying | Underlying | Price | Date | Units of | Units of | ||||||||||||||
Unexercised | Unexercised | ($) | Stock That | Stock That | |||||||||||||||
Options (#) | Options (#) | Have Not | Have Not | ||||||||||||||||
Exercisable | Unexercisable | Vested (#) | Vested ($) | ||||||||||||||||
George A. Makris, Jr. | 1,000[a | ] | 0 | $ | 26.19 | 5-21-16 | |||||||||||||
1,000[a | ] | 0 | $ | 28.42 | 5-30-17 | ||||||||||||||
5,000 [b | ] | $ | 203,350 | ||||||||||||||||
4,565 [c | ] | $ | 185,567 | ||||||||||||||||
27,106 [d | ] | $ | 1,101,859 | ||||||||||||||||
Robert A. Fehlman | 940 | 0 | $ | 24.50 | 05-22-15 | ||||||||||||||
1,000 | 0 | $ | 26.19 | 05-21-16 | |||||||||||||||
1,200 | 0 | $ | 28.42 | 05-30-17 | |||||||||||||||
4,380 | 0 | $ | 30.31 | 05-29-18 | |||||||||||||||
4,655 [e | ] | $ | 189,226 | ||||||||||||||||
527 [f | ] | $ | 21,423 | ||||||||||||||||
1,000 [g | ] | $ | 40,650 | ||||||||||||||||
1,275 [h | ] | $ | 51,829 | ||||||||||||||||
986 [i | ] | $ | 40,081 | ||||||||||||||||
1,600 [j | ] | $ | 65,040 | ||||||||||||||||
2,044 [k | ] | $ | 83,089 | ||||||||||||||||
2,500 [b | ] | $ | 101,625 | ||||||||||||||||
2,575 [c | ] | $ | 104,674 | ||||||||||||||||
J. French Hill | 0 | 0 | 0 [l | ] | 0 | ||||||||||||||
David L. Bartlett | 0 | 0 | 6,515 [e | ] | $ | 264,835 | |||||||||||||
858 [f | ] | $ | 34,878 | ||||||||||||||||
1,502 [g | ] | $ | 61,138 | ||||||||||||||||
1,917 [h | ] | $ | 77,926 | ||||||||||||||||
4,929[i | ] | 200,364 | |||||||||||||||||
2,968 [k | ] | $ | 121,849 | ||||||||||||||||
2,500 [b | ] | $ | 101,625 | ||||||||||||||||
3,510 [c | ] | $ | 142,682 | ||||||||||||||||
Marty D. Casteel | 920 | 0 | $ | 24.50 | 05-22-15 | ||||||||||||||
1,000 | 0 | $ | 26.19 | 05-21-16 | |||||||||||||||
1,200 | 0 | $ | 28.42 | 05-30-17 | |||||||||||||||
4,210 | 0 | $ | 30.31 | 05-29-18 | |||||||||||||||
4,655 [e | ] | $ | 189,226 | ||||||||||||||||
527 [f | ] | $ | 21,423 | ||||||||||||||||
1,000 [g | ] | $ | 40,650 | ||||||||||||||||
1,275 [i | ] | $ | 51,829 | ||||||||||||||||
1,200 [m | ] | $ | 48,780 | ||||||||||||||||
986 [i | ] | $ | 40,081 | ||||||||||||||||
1,968 [k | ] | $ | 79,999 | ||||||||||||||||
2,500 [b | ] | $ | 101,625 | ||||||||||||||||
2,700 [c | ] | $ | 109,755 |
Name | | | Plan Name | | | Number of Years Credited Service (#) | | | Present Value of the Accumulated Benefit ($) | | | Payments During Last Fiscal Year ($) | | |||||||||
George A. Makris, Jr. | | | Makris Plan | | | | | [a] | | | | | $ | 327,859 | | | | | $ | 0 | | |
Robert A. Fehlman | | | Fehlman Plan | | | | | [a] | | | | | $ | 390,881 | | | | | $ | 0 | | |
Marty D. Casteel | | | Casteel Plan | | | | | [a] | | | | | $ | 495,068 | | | | | $ | 0 | | |
Barry K. Ledbetter | | | Ledbetter Plan | | | | | [a] | | | | | $ | 205,996 | | | | | $ | 0 | | |
Name | Plan | Number of | Present Value | Payments | ||||||||
Name | Years Credited | of the Accumulated | During Last | |||||||||
Service | Benefit | Fiscal Year | ||||||||||
(#) | ($) | ($) | ||||||||||
George A. Makris, Jr. | Makris Plan | [a] | $ | 143,974 | $ | 0 | ||||||
Robert A. Fehlman | Fehlman Plan | [a] | $ | 189,582 | $ | 0 | ||||||
David L. Bartlett | Bartlett Plan | [a] | $ | 948,247 | $ | 0 | ||||||
Marty D. Casteel | Casteel Plan | [a] | $ | 304,668 | $ | 0 |
Executive Benefits and Payments upon Termination | | | Retirement | | | Involuntary Not for Cause Termination | | | Change in Control Trigger Event Termination | | | Death or Disability | | ||||||||||||
George A. Makris, Jr., | | | | | | ||||||||||||||||||||
Cash compensation programs | | | | $ | 0 | | | | | $ | | | | | | $ | 3,278,457[a] | | | | | $ | 0 | | |
Accelerated Vesting of Incentives [b] | | | | $ | 1,075,198 | | | | | $ | 0 | | | | | $ | 1,641,957 | | | | | $ | 1,563,386 | | |
Retirement Plans [c] | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 835,992 | | | | | $ | 835,992 | | |
Other Benefits | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
Robert A. Fehlman | | | | | | ||||||||||||||||||||
Cash compensation programs | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 1,112,530[d] | | | | | $ | 0 | | |
Accelerated Vesting of Incentives [b] | | | | $ | 652,137 | | | | | $ | 0 | | | | | $ | 901,779 | | | | | $ | 827,711 | | |
Retirement Plans [e] | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 1,662,000 | | | | | $ | 1,662,000 | | |
Other Benefits and Tax Gross-Up [f] | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 1,388,352[g] | | | | | $ | 0 | | |
Marty D. Casteel | | | | | | ||||||||||||||||||||
Cash compensation programs | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 1,123,250[d] | | | | | $ | 0 | | |
Accelerated Vesting of Incentives [b] | | | | $ | 629,577 | | | | | $ | 0 | | | | | $ | 879,218 | | | | | $ | 805,150 | | |
Retirement Plans [h] | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 626,994 | | | | | $ | 622,250 | | |
Other Benefits and Tax Gross-Up [f] | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 638,920[i] | | | | | $ | 0 | | |
Barry K. Ledbetter | | | | | | ||||||||||||||||||||
Cash compensation programs | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 818,552[d] | | | | | $ | 0 | | |
Accelerated Vesting of Incentives [b] | | | | $ | 388,334 | | | | | $ | 0 | | | | | $ | 482,246 | | | | | $ | 490,571 | | |
Retirement Plans [j] | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 1,247,101 | | | | | $ | 1,247,101 | | |
Other Benefits [k] | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 28,912[l] | | | | | $ | 0 | | |
Patrick A. Burrow | | | | | | ||||||||||||||||||||
Cash compensation programs | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 740,422[d] | | | | | $ | 0 | | |
Accelerated Vesting of Incentives [b] | | | | $ | 426,124 | | | | | $ | 0 | | | | | $ | 545,771 | | | | | $ | 514,066 | | |
Retirement Plans | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
Other Benefits [k] | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 21,292[m] | | | | | $ | 0 | | |
Involuntary | Change in Control | |||||||||||||||
Executive Benefits and | Not for Cause | Trigger Event | Death or | |||||||||||||
Payments upon Termination | Retirement | Termination | Termination | Disability | ||||||||||||
George A. Makris, Jr., | ||||||||||||||||
Cash compensation programs [a] | $ | 0 | $ | 19,327 | $ | 1,670,823 | [b] | $ | 0 | |||||||
Accelerated Vesting of Incentives | $ | 388,817 | $ | 0 | $ | 939,747 | $ | 939,747 | ||||||||
Retirement Plans [c] | $ | 0 | $ | 0 | $ | 800,859 | $ | 800,859 | ||||||||
Other Benefits [d] | $ | 0 | $ | 0 | $ | 20,526 | $ | 0 | ||||||||
Robert A. Fehlman | ||||||||||||||||
Cash compensation programs [a] | $ | 0 | $ | 236,218 | [e] | $ | 1,167,611 | [b,e] | $ | 141,875 | ||||||
Accelerated Vesting of Incentives [f] | $ | 697,635 | $ | 13,026 | $ | 697,635 | $ | 697,635 | ||||||||
Retirement Plans [g] | $ | 0 | $ | 0 | $ | 1,230,617 | $ | 1,230,617 | ||||||||
Other Benefits and Tax Gross-Up [h] | $ | 0 | $ | 0 | $ | 658,281 | [i] | $ | 0 | |||||||
J. French Hill, | ||||||||||||||||
Cash compensation programs [j] | $ | 0 | $ | 0 | $ | 885,300 | [j] | $ | 0 | |||||||
Accelerated Vesting of Incentives | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||
Retirement Plans | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||
Other Benefits | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||
David L. Bartlett | ||||||||||||||||
Cash compensation programs [a] | $ | 0 | $ | 375,111 | [k] | $ | 1,605,906 | [b] | $ | 259,375 | ||||||
Accelerated Vesting of Incentives [f] | $ | 1,004,096 | $ | 65,118 | $ | 1,004,096 | $ | 1,004,096 | ||||||||
Retirement Plans [l] | $ | 948,247 | $ | 948,247 | $ | 948,247 | $ | 948,247 | ||||||||
Other Benefits and Tax Gross-Up [h] | $ | 0 | $ | 0 | $ | 394,029 | [m] | $ | 0 | |||||||
Marty D. Casteel | ||||||||||||||||
Cash compensation programs [a] | $ | 0 | $ | 235,469 | [n] | $ | 1,147,378 | [b,n] | $ | 141,875 | ||||||
Accelerated Vesting of Incentives [f] | $ | 683,367 | $ | 13,026 | $ | 683,367 | $ | 683,367 | ||||||||
Retirement Plans [o] | $ | 0 | $ | 0 | $ | 600,645 | $ | 600,645 | ||||||||
Other Benefits and Tax Gross‑Up [h] | $ | 0 | $ | 0 | $ | 466,320 | [p] | $ | 0 |
Number of Securities | ||||||||||||
Remaining Available for | ||||||||||||
Number of Securities | Future Issuance | |||||||||||
to be Issued Upon | Weighted Average | Under Equity | ||||||||||
Exercise of | Exercise Price of | Compensation Plans | ||||||||||
Outstanding Options, | Outstanding Options, | (Excluding Securities | ||||||||||
Plan Category | Warrants and Rights (a) | Warrants and Rights | Reflected in First Column) | |||||||||
Equity Compensation Plans Approved by Stockholders | 119,690 | $ | 27.72 | 373,078 | (b) | |||||||
Equity Compensation Plans Not Approved by Stockholders | 0 | 0 | 0 | |||||||||
Total | 119,690 | $ | 27.72 | 373,078 |
Committee | | | Member Retainer | | | Chairman Stipend | |
Audit | | | $5,000 | | | $10,000 | |
Compensation | | | $5,000 | | | $5,000 | |
Executive | | | $2,500 | | | $2,500 | |
Nominating & Corporate Governance | | | $2,500 | | | $2,500 | |
Risk | | | $5,000 | | | $5,000 | |
Name | | | Fees Earned or Paid in Cash ($) | | | Stock Awards ($) [a] | | | All Other Compensation ($) [b] | | | Total ($) | |
Jay D. Burchfield | | | $27,250 | | | $40,032 | | | $208 | | | $67,490 | |
William E. Clark, II [c] | | | $22,000 | | | $40,032 | | | $306 | | | $62,338 | |
Steven A. Cossé | | | $34,000 | | | $47,530 | | | $295 | | | $81,825 | |
Mark C. Doramus | | | $26,500 | | | $40,032 | | | $306 | | | $66,838 | |
Edward Drilling | | | $31,000 | | | $27,537 | | | $241 | | | $58,778 | |
Eugene Hunt [c] | | | $32,500 | | | $27,537 | | | $143 | | | $60,180 | |
Chris R. Kirkland c1] | | | $36,000 | | | $27,537 | | | $241 | | | $63,778 | |
George A. Makris, Jr. [d] | | | $0 | | | $0 | | | $6,061 | | | $6,061 | |
W. Scott McGeorge | | | $40,500 | | | $27,537 | | | $143 | | | $68,180 | |
Joe D. Porter [c] | | | $30,350 | | | $27,537 | | | $241 | | | $58,128 | |
Robert L. Shoptaw | | | $34,250 | | | $40,032 | | | $208 | | | $74,490 | |
Name | Fees Earned or | Stock | All Other | Total | ||||||||||||
Paid in Cash | Awards | Compensation | ($) | |||||||||||||
($) | ($) [a] | ($) [b] | ||||||||||||||
David L. Bartlett [c] | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||
William E. Clark, II | $ | 27,775 | $ | 22,083 | $ | 114 | $ | 49,972 | ||||||||
Steven A. Cossé | $ | 25,200 | $ | 26,460 | $ | 114 | $ | 51,774 | ||||||||
Edward Drilling | $ | 27,175 | $ | 22,083 | $ | 114 | $ | 49,372 | ||||||||
Eugene Hunt | $ | 31,075 | $ | 22,083 | $ | 114 | $ | 53,272 | ||||||||
George A. Makris, Jr. [d] | $ | 0 | $ | 0 | $ | 8,732 | $ | 8,732 | ||||||||
W. Scott McGeorge | $ | 28,825 | $ | 0 | $ | 0 | $ | 28,825 | ||||||||
Harry L. Ryburn [e] | $ | 52,900 | $ | 32,429 | $ | 0 | $ | 85,149 | ||||||||
Robert L. Shoptaw | $ | 32,950 | $ | 24,272 | $ | 114 | $ | 57,336 |
| AUDIT | | ||||||
| Robert L. Shoptaw, Chairman | | | Jay D. Burchfield | | | Edward Drilling | |
| Eugene Hunt | | | W. Scott McGeorge | | | Christopher R. Kirkland | |
Plan Category | | | Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights [a] | | | Weighted Average Exercise Price of Outstanding Options, Warrants and Rights | | | Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in First Column) | | |||||||||
Equity Compensation Plans Approved by Stockholders | | | | | 473,080 | | | | | $ | 42.85 | | | | | | 422,110[b] | | |
Equity Compensation Plans Not Approved by Stockholders | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Total | | | | | 473,080 | | | | | $ | 42.85 | | | | | | 422,110 | | |
in any calendar year, awards with respect to more than 300,000 common shares to any employee for options or SARs; | |
no option or stock appreciation right granted under the Plan will contain any feature for the deferral of compensation unless specifically designated in the Award document; and |
no stock option or stock appreciation right can be amended to decrease the option exercise or strike price/base value of the award; and |
ARTICLE 1 . INTRODUCTION | 1 | |
1.1. | Purpose of the Plan. | 1 |
1.2. | Nature of Awards. | 1 |
1.3. | Effective Date and Term of Plan. | 1 |
ARTICLE 2 . DEFINITIONS AND CONSTRUCTION | 2 | |
2.1. | Definitions. | 2 |
2.2. | Construction. | 5 |
ARTICLE 3 . ELIGIBILITY | 6 | |
3.1. | In General. | 6 |
ARTICLE 4 . ADMINISTRATION OF THE PLAN | 7 | |
4.1. | In General. | 7 |
4.2. | Delegation to Committees and Officers. | 7 |
ARTICLE 5 . STOCK SUBJECT TO THE PLAN | 9 | |
5.1. | Number of Shares. | 9 |
5.2. | Limits. | 9 |
5.3. | Substitute Awards. | 9 |
ARTICLE 6 . TYPES OF AWARDS | 10 | |
6.1. | Stock Options. | 10 |
6.2. | Stock Appreciation Rights. | 13 |
6.3. | Restricted Stock. | 13 |
6.4. | Restricted Stock Units. | 14 |
6.5. | Performance Shares. | 14 |
6.6. | Other Stock-Based Awards. | 15 |
6.7. | Cash Awards. | 15 |
6.8. | Performance-Based Awards. | 15 |
ARTICLE 7 . ADJUSTMENTS | 18 | |
7.1. | Changes in Capitalization. | 18 |
7.2. | Change in Control. | 18 |
ARTICLE 8 . GENERAL PROVISIONS APPLICABLE TO ALL AWARDS. | 20 | |
8.1. | Transferability of Awards. | 20 |
8.2. | Termination of Status. | 20 |
8.3. | Withholding. | 20 |
8.4. | Conditions on Delivery of Stock. | 21 |
8.5. | Acceleration. | 21 |
ARTICLE 9 . MISCELLANEOUS | 22 | |
9.1. | No Right to Employment or Other Status. | 22 |
9.2. | No Rights as Stockholder. | 22 |
9.3. | Amendment. | 22 |
9.4. | Compliance with Code Section 409A. | 23 |
9.5. | Governing Law. | 23 |
9.6. | Clawback Rights. | 23 |
| ARTICLE 1. INTRODUCTION | | | 1 | | |||
| 1.1. | | | | | 1 | | |
| 1.2. | | | | | 1 | | |
| 1.3. | | | | | 1 | | |
| ARTICLE 2. DEFINITIONS AND CONSTRUCTION | | | 2 | | |||
| 2.1. | | | Definitions | | | 2 | |
| 2.2. | | | Construction | | | 4 | |
| ARTICLE 3. ELIGIBILITY | | | 5 | | |||
| 3.1. | | | | | 5 | | |
| ARTICLE 4. ADMINISTRATION OF THE PLAN | | | 6 | | |||
| 4.1. | | | | | 6 | | |
| 4.2. | | | | | 6 | | |
| ARTICLE 5. STOCK SUBJECT TO THE PLAN | | | 7 | | |||
| 5.1. | | | | | 7 | | |
| 5.2. | | | Limits | | | 7 | |
| 5.3. | | | | | 7 | | |
| ARTICLE 6. TYPES OF AWARDS | | | 8 | | |||
| 6.1. | | | | | 8 | | |
| 6.2. | | | | | 9 | | |
| 6.3. | | | | | 10 | | |
| 6.4. | | | | | 10 | | |
| 6.5. | | | | | 10 | | |
| 6.6. | | | | | 11 | | |
| 6.7. | | | | | 11 | | |
| 6.8. | | | | | 11 | | |
| ARTICLE 7. ADJUSTMENTS | | | 13 | | |||
| 7.1. | | | | | 13 | | |
| 7.2. | | | | | 13 | | |
| ARTICLE 8. GENERAL PROVISIONS APPLICABLE TO ALL AWARDS | | | 15 | | |||
| 8.1. | | | | | 15 | | |
| 8.2. | | | | | 15 | | |
| 8.3. | | | Withholding | | | 15 | |
| 8.4. | | | | | 15 | | |
| 8.5. | | | Acceleration | | | 15 | |
| ARTICLE 9. MISCELLANEOUS | | | 16 | | |||
| 9.1. | | | | | 16 | | |
| 9.2. | | | | | 16 | | |
| 9.3. | | | Amendment | | | 16 | |
| 9.4. | | | | | 16 | | |
| 9.5. | | | | | 16 | | |
| 9.6. | | | | | 17 | |
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“Administrator” means the entity that administers the plan in accordance with Article 4. |
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Nonqualified Stock Options. |
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in cash or by check, payable to the order of the Company; |
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