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Proposal | | | | | | Board Vote Recommendation | | | Page | |
I | | | Elect eight directors nominated by the | | | FOR ALL | | | | |
II | | | Ratify the appointment of | | | FOR | | | | |
III | | | Approve an amendment to our charter to clarify that our stockholders have the power to amend our bylaws | | | FOR | | | 17 | |
IV | | | Approve, on an advisory basis, executive compensation | | | FOR | | | ||
|
Name | | Age | | Occupation | | Year First Became a Director | | Independent | | Board Committees | | | Age | | Occupation | | Year First Became a Director | | Independent | | Board Committees | | ||||||||||||||||
Kelly H. Barrett | | | | 52 | | | Senior Vice President - Home Services, The Home Depot | | 2016 | | Yes | | Audit Nominating and Governance | | | | | 53 | | | Senior Vice President - Home Services, The Home Depot | | 2016 | | Yes | | Audit Nominating and Governance | | ||||||||||
Wesley E. Cantrell | | | | 82 | | | Former President, Chief Executive Officer and Chairman, Lanier Worldwide | | 2007 | | Yes | | Nominating and Governance* Compensation | | | | | 83 | | | Former President, Chief Executive Officer and Chairman, Lanier Worldwide | | 2007 | | Yes | | Nominating and Governance* Compensation | | ||||||||||
Barbara B. Lang | | | | 73 | | | Managing Principal and Chief Executive Officer of Lang Strategies, LLC | | 2015 | | Yes | | Compensation; Nominating and Governance | | | | | 74 | | | Managing Principal and Chief Executive Officer of Lang Strategies, LLC | | 2015 | | Yes | | Compensation Nominating and Governance | | ||||||||||
Frank C. McDowell | | | | 68 | | | Former President, Chief Executive Officer and Director of BRE Properties, Inc. | | 2008 | | Yes | | Compensation* Nominating and Governance | | | | | 69 | | | Former President, Chief Executive Officer and Director of BRE Properties, Inc. | | 2008 | | Yes | | Compensation* Nominating and Governance | | ||||||||||
Donald A. Miller, CFA | | | | 55 | | | President and Chief Executive Officer, Piedmont Office Realty Trust, Inc. | | 2007 | | No | | | | ||||||||||||||||||||||||
Raymond G. Milnes, Jr. | | | | 65 | | | Former Partner, KPMG LLP | | 2011 | | Yes | | Audit* Capital | | | | | 66 | | | Former Partner, KPMG LLP | | 2011 | | Yes | | Audit* Capital | | ||||||||||
Donald A. Miller, CFA | | | | 54 | | | President and Chief Executive Officer, Piedmont Office Realty Trust, Inc. | | 2007 | | No | | | |||||||||||||||||||||||||
Jeffrey L. Swope | | | | 66 | | | Managing Partner and Chief Executive Officer, Champion Partners Ltd. | | 2008 | | Yes | | Capital* Compensation | | | | | 67 | | | Managing Partner and Chief Executive Officer, Champion Partners Ltd. | | 2008 | | Yes | | Capital* Compensation | | ||||||||||
Dale H. Taysom | | | | 68 | | | Former Global Chief Operating Officer, Prudential Real Estate Investors | | 2015 | | Yes | | Audit Capital | | | | | 69 | | | Former Global Chief Operating Officer, Prudential Real Estate Investors | | 2015 | | Yes | | Audit Capital | |
| What We Do | | | | | | What We Don’t Do | | ||||
| ✓ DO require stockholder approval in the event a staggered Board is ever proposed | | | | | NO staggered Board | | |||||
| ✓ DO have a board comprised of a super-majority of independent directors. | | | | | NO compensation or incentives that encourage risks reasonably likely to have a material adverse effect on the Company | | |||||
| ✓ DO have a separate Chairman and Chief Executive | | | | | NO tax gross ups for any executive officers | | |||||
| ✓ DO maintain a majority voting policy requiring that, in any uncontested election, as a condition to nomination, each director irrevocably agrees to offer to resign if the director receives a greater number of votes “withheld” than votes “for” such election. | | | | | NO re-pricing or buyouts of underwater stock options | | |||||
| ✓ DO | | | | | NO reportable transactions with any of our directors or current executive officers | | |||||
| ✓ DO restrict board terms to 15 years | | | | | NO hedging or pledging transactions involving our securities | | |||||
| ✓ DO require an annual performance evaluation of our Board | | | | | NO | | |||||
| ✓ DO align pay and performance by linking a majority of total compensation to the achievement of a balanced mix of Company and individual performance criteria tied to operational and strategic objectives established at the beginning of the performance period by the Compensation Committee and the Board. | | | | | NO | | |||||
| ✓ DO deliver a substantial portion of the value of equity awards in performance shares. For | | | | | NO | | |||||
| ✓ DO maintain stock ownership guidelines for directors and executive officers | | | | ||||||||
| ✓ DO maintain a clawback policy for our CEO, CFO and CAO | | | | ||||||||
| ✓ DO conduct annual assessments of compensation at risk | | | | ||||||||
| ✓ DO have an Compensation Committee comprised solely of independent directors | | | | ||||||||
| ✓ DOretain an independent compensation consultant that reports directly to the Compensation Committee and performs no other services for management | | | | ||||||||
| ✓ DO cap incentive compensation. Incentive awards include minimum and maximum performance thresholds with funding that is based on actual results measured against the | | | | | |
Name | | | Age | | | Position(s) | |
Frank C. McDowell | | | 69 | | | Director* and Chairman of the Board of Directors | |
Kelly H. Barrett | | | | | Director* | | |
Wesley E. Cantrell | | | | | Director* | | |
Barbara B. Lang | | | |||||
| | Director* | | ||||
Donald A. Miller, CFA | | | | | Chief Executive Officer, President and Director | | |
Raymond G. Milnes, Jr. | | | 66 | | | Director* | |
Jeffrey L. Swope | | | | | Director* | | |
Dale H. Taysom | | | | | Director* and Vice-Chairman of the Board of Directors | |
| | 2016 | | 2015 | | | 2017 | | 2016 | | ||||||||||||||||
Audit Fees | | | $ | 1,161,000 | | | | $ | 1,037,000 | | | | | $ | 1,145,000 | | | | $ | 1,161,000 | | | ||||
Audit-Related Fees | | | | — | | | | | — | | | | | | — | | | | | — | | | ||||
Tax Fees | | | | — | | | | | — | | | | | | — | | | | | — | | | ||||
All Other Fees | | | | — | | | | | — | | | | | | — | | | | | — | | | ||||
Total | | | $ | 1,161,000 | | | | $ | 1,037,000 | | | | | $ | 1,145,000 | | | | $ | 1,161,000 | | |
Name and Position | | | Stock Awards(1) | | |||||||||
| | | Number of Shares | | | Dollar Value ($) | | ||||||
Donald A. Miller, CFA, Chief Executive Officer and President | | | | | 135,140 | | | | | | 2,885,893 | | |
Robert E. Bowers Executive Vice President and Chief Financial Officer | | | | | 48,650 | | | | | | 1,038,914 | | |
Raymond L. Owens Executive Vice President and Chief Investment Officer | | | | | 18,920 | | | | | | 404,034 | | |
Carroll A. Reddic, IV Executive Vice President—Real Estate Operations | | | | | 18,920 | | | | | | 404,034 | | |
Robert K. Wiberg Executive Vice President—Mid-Atlantic Region and Head of Development | | | | | 18,920 | | | | | | 404,034 | | |
All Executive Officer, as a group (10 persons)(2) | | | | | 296,047 | | | | | | 6,321,516 | | |
All Non-Employee Directors, as a Group | | | | | 31,368 | | | | | | 624,537 | | |
All Non-Executive Officer Employees, as a Group | | | | | 139,585 | | | | | | 2,811,939 | | |
Name | | | Age | | | Position(s) | |
Donald A. Miller, CFA | | | | | Chief Executive Officer, President and Director | | |
Robert E. Bowers | | | | | Executive Vice President and Chief Financial Officer | | |
Christopher A. Kollme* | | | 47 | | | Executive Vice President — Finance and Strategy | |
Laura P. Moon | | | | | Senior Vice President and Chief Accounting Officer | | |
Joseph H. Pangburn | | | | | Executive Vice President — Southwest Region | | |
Thomas R. Prescott | | | | | Executive Vice President — Midwest Region | | |
Carroll A. Reddic, IV | | | | | Executive Vice President — Real Estate Operations, Assistant Secretary | | |
C. Brent Smith | | | | | Executive Vice President — Northeast Region and | | |
George M. Wells | | | | | Executive Vice President — Southeast Region | | |
Robert K. Wiberg | | | | | Executive Vice President — Mid-Atlantic Region and Head of Development | |
Board Committee | | | Chairman | | | Members | |
Audit Committee | | | Raymond G. Milnes, Jr.* | | | Kelly H. Barrett* Dale H. Taysom | |
Compensation Committee | | | Frank C. McDowell | | | Wesley E. Cantrell Barbara B. Lang Jeffrey L. Swope | |
Nominating & Corporate Governance Committee | | | Wesley E. Cantrell | | | Kelly H. Barrett Barbara B. Lang Frank C. McDowell | |
Capital Committee | | | Jeffrey L. Swope | | | Raymond G. Milnes, Jr. Dale H. Taysom | |
Experience, Skill, or Characteristic | | | McDowell | | | Barrett | | | Cantrell | | | Lang | | | Milnes | | | Swope | | | Taysom | |
Audit committee financial expert | | | | | | • | | | | | | | | | • | | | | | | | |
Financial/accounting | | | • | | | • | | | | | | • | | | • | | | | | | • | |
CEO, CFO, or COO experience | | | • | | | • | | | • | | | • | | | | | | • | | | • | |
Public company | | | • | | | • | | | • | | | • | | | • | | | | | | | |
Industry specific knowledge | | | • | | | • | | | | | | | | | • | | | • | | | • | |
Strategic planning | | | • | | | • | | | • | | | • | | | | | | • | | | • | |
Experience mentoring top level leaders | | | • | | | | | | • | | | • | | | | | | • | | | • | |
Real estate development/construction | | | • | | | • | | | | | | | | | | | | • | | | • | |
Investment banking experience | | | | | | | | | | | | | | | | | | | | | • | |
Racial and gender diversity | | | | | | • | | | | | | • | | | | | | | | | | |
Risk management expertise | | | | | | • | | | | | | | | | • | | | | | | | |
Marketing expertise | | | | | | • | | | • | | | • | | | | | | • | | | | |
Experience with international buyers or sellers | | | | | | • | | | • | | | | | | | | | | | | • | |
Company | | Implied Equity Market Capitalization ($) | | Total Enterprise Value ($) | | Total Revenue ($) | | Sector | | | Implied Equity Market Capitalization ($) | | Total Enterprise Value ($) | | Sector | | ||||||||||||||||||||||
Brandywine Realty Trust | | | | 2,704.3 | | | | | 4,575.5 | | | | | 547.4 | | | Office | | | | | 3,184.8 | | | | | 5,061.3 | | | Office | | |||||||
Columbia Property Trust, Inc. | | | | 2,696.6 | | | | | 4,445.3 | | | | | 524.9 | | | Office | | | | | 2,636.9 | | | | | 3,589.9 | | | Office | | |||||||
Corporate Office Properties Trust | | | | 2,722.0 | | | | | 5,045.2 | | | | | 584.3 | | | Office | | | | | 3,406.0 | | | | | 5,353.5 | | | Office | | |||||||
Cousins Properties Incorporated | | | | 3,076.0 | | | | | 3,854.0 | | | | | 375.7 | | | Office | | | | | 3,960.5 | | | | | 5,022.1 | | | Office | | |||||||
Douglas Emmett, Inc. | | | | 6,327.2 | | | | | 10,530.9 | | | | | 676.3 | | | Office | | | | | 7,655.9 | | | | | 11,796.9 | | | Office | | |||||||
Equity Commonwealth | | | | 3,823.7 | | | | | 3,731.8 | | | | | 580.6 | | | Office | | | | | 3,784.7 | | | | | 3,040.4 | | | Office | | |||||||
Highwoods Properties, Inc. | | | | 5,194.7 | | | | | 7,321.1 | | | | | 643.8 | | | Office | | | | | 5,573.9 | | | | | 7,612.2 | | | Office | | |||||||
Hudson Pacific Properties, Inc. | | | | 4,820.0 | | | | | 7,098.0 | | | | | 614.1 | | | Office | | | | | 5,288.1 | | | | | 8,123.8 | | | Office | | |||||||
Kilroy Realty Corporation | | | | 6,653.6 | | | | | 9,273.4 | | | | | 594.5 | | | Office | | | | | 7,307.2 | | | | | 9,713.1 | | | Office | | |||||||
Mack-Cali Realty Corporation | | | | 2,615.9 | | | | | 4,864.6 | | | | | 594.8 | | | Office | | | | | 2,378.3 | | | | | 5,326.3 | | | Office | | |||||||
Paramount Group, Inc. | | | | 4,179.5 | | | | | 7,317.9 | | | | | 683.5 | | | Office | | | | | 4,365.5 | | | | | 7,690.8 | | | Office | | |||||||
Parkway Properties, Inc. | | | | 1,950.1 | | | | | 3,655.9 | | | | | 442.5 | | | Office | | ||||||||||||||||||||
Washington Real Estate Investment Trust | | | | 2,217.1 | | | | | 3,460.8 | | | | | 313.9 | | | Diversified | | | | | 2,572.8 | | | | | 3,779.3 | | | Diversified | | |||||||
Median | | | | 3,076.0 | | | | | 4,864.6 | | | | | 584.3 | | | | | | | 3,872.6 | | | | | 5,339.9 | | | | | ||||||||
Piedmont Office Realty Trust, Inc. | | | | 3,045.5 | | | | | 4,909.7 | | | | | 561.6 | | | Office | | | | | 2,959.3 | | | | | 5,004.7 | | | Office | |
(in thousands) | | | | 25th Percentile | | 50th Percentile | | 75th Percentile | | Average | | | | | 25th Percentile | | 50th Percentile | | 75th Percentile | | Average | | ||||||||||||||||||||||||||||||||||
Chief Executive Officer | | Peer Group | | | $ | 3,400 | | | | $ | 4,779 | | | | $ | 8,190 | | | | $ | 6,051 | | | | Peer Group | | | $ | 4,163 | | | | $ | 4,537 | | | | $ | 8,725 | | | | $ | 6,483 | | | ||||||||||
Chief Financial Officer | | Peer Group | | | $ | 1,566 | | | | $ | 2,273 | | | | $ | 3,118 | | | | $ | 2,398 | | | | Peer Group | | | $ | 1,591 | | | | $ | 2,216 | | | | $ | 3,476 | | | | $ | 2,525 | | | ||||||||||
EVP and Chief Investment Officer | | | Peer Group | | | $ | 1,435 | | | | $ | 1,844 | | | | $ | 2,650 | | | | $ | 1,957 | | | | | Peer Group | | | $ | 1,557 | | | | $ | 1,967 | | | | $ | 3,009 | | | | $ | 2,232 | | | ||||||||
| Supplemental Position | | | $ | 610 | | | | $ | 1,023 | | | | $ | 1,333 | | | | $ | 1,037 | | | | Supplemental Position | | | $ | 703 | | | | $ | 1,018 | | | | $ | 1,293 | | | | $ | 1,047 | | | |||||||||||
EVP — Real Estate Operations | | | Peer Group | | | $ | 834 | | | | $ | 949 | | | | $ | 1,132 | | | | $ | 1,194 | | | | | Peer Group | | | $ | 1,102 | | | | $ | 1,229 | | | | $ | 1,775 | | | | $ | 1,517 | | | ||||||||
| Supplemental Position | | | $ | 560 | | | | $ | 820 | | | | $ | 1,253 | | | | $ | 869 | | | | Supplemental Position | | | $ | 548 | | | | $ | 886 | | | | $ | 1,144 | | | | $ | 935 | | | |||||||||||
EVP — Mid-Atlantic Region and Head of Development | | | Peer Group | | | $ | 1,003 | | | | $ | 1,276 | | | | $ | 1,712 | | | | $ | 1,447 | | | | | Peer Group | | | $ | 1,132 | | | | $ | 1,562 | | | | $ | 2,388 | | | | $ | 1,864 | | | ||||||||
| Supplemental Position | | | $ | 799 | | | | $ | 989 | | | | $ | 1,305 | | | | $ | 1,067 | | | | Supplemental Position | | | $ | 818 | | | | $ | 1,058 | | | | $ | 1,384 | | | | $ | 1,092 | | |
Name and Position | | 2016 Annual Base Salary | | | Annual Short-Term Cash Incentive Compensation as a % of Base Salary | | | 2017 Annual Base Salary | | | Annual Short-Term Cash Incentive Compensation as a % of Base Salary | | ||||||||||||||||||||||||||||||||||||||
| Threshold | | Target | | Maximum | | | Threshold | | Target | | Maximum | | |||||||||||||||||||||||||||||||||||||
Donald A. Miller, CFA Chief Executive Officer | | | $ | 720,000 | | | | | 75% | | | | | 120% | | | | | 200% | | | | | $ | 720,000 | | | | | 75% | | | | | 120% | | | | | 200% | | | ||||||||
Robert E. Bowers Chief Financial Officer | | | $ | 450,000 | | | | | 50% | | | | | 100% | | | | | 150%(1) | | | | | $ | 450,000 | | | | | 50% | | | | | 100% | | | | | 150% | | | ||||||||
Raymond L. Owens Chief Investment Officer | | | $ | 290,000 | | | | | 35% | | | | | 70% | | | | | 105% | | | |||||||||||||||||||||||||||||
Carroll A. Reddic, IV EVP — Real Estate Operations | | | $ | 275,000 | | | | | 35% | | | | | 70% | | | | | 105% | | | | | $ | 275,000 | | | | | 35% | | | | | 70% | | | | | 105% | | | ||||||||
C. Brent Smith EVP — Northeast Region and Chief Investment Officer | | | $ | 300,000 | | | | | 50% | | | | | 100% | | | | | 150%(1) | | | |||||||||||||||||||||||||||||
Robert K. Wiberg EVP — Mid-Atlantic Region | | | $ | 320,000 | | | | | 31.25% | | | | | 62.5%(1) | | | | | 93.75% | | | | | $ | 320,000 | | | | | 31.25% | | | | | 62.50% | | | | | 93.75% | | |
Performance Measure | | Target Performance Goal | | Actual Performance | | Over (Under) Performance | | Relative Weighting | | | Target Performance Goal | | Actual Performance | | Over (Under) Performance | | Relative Weighting | | ||||||||||||||||||||||||||||||||
Core FFO per share to Budget | | | $ | 1.599 | | | | $ | 1.672 | | | | | 4.5% | | | | | 20.00% | | | |||||||||||||||||||||||||||||
Core FFO per share | | | $ | 1.700 | | | | $ | 1.750 | | | | | 2.9% | | | | | 20.00% | | | |||||||||||||||||||||||||||||
Balance Sheet Management: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||
Payoff $167.5m of secured debt (in millions) | | Achieve or not | | Achieved | | Achieved | | | | 3.33% | | | ||||||||||||||||||||||||||||||||||||||
Payoff $140.0 of secured debt (in millions) | | Achieve or not | | Achieved | | Achieved | | | | 3.33% | | | ||||||||||||||||||||||||||||||||||||||
Maximum Percentage of Debt to Gross Asset Value | | less than or equal to 40% at end of year | | | | 36.9% | | | Achieved | | | | 3.33% | | | | less than or equal to 40% at end of year | | | | 34.3% | | | Achieved | | | | 3.33% | | | ||||||||||||||||||||
Ladder maturities (excludes line of credit) | | less than or equal to 25% per annum | | less than or equal to 25% per annum | | Achieved | | | | 3.34% | | | | less than or equal to 25% per annum | | less than or equal to 25% per annum | | Achieved | | | | 3.34% | | | ||||||||||||||||||||||||||
Weighted Average Committed Capital Per Square Foot Leased Relative to Budget | | | $ | 6.92 | | | | $ | 5.18 | | | | | 25.2% | | | | | 10.00% | | | | | $ | 5.92 | | | | $ | 5.13 | | | | | 13.3% | | | | | 10.00% | | | ||||||||
Leasing Targets (in 000s of square feet): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||
New Leasing | | | | 1,154 | | | | | 1,105 | | | | | (4.3)% | | | | | 15.00% | | | | | | 1,221 | | | | | 855 | | | Below Threshold | | | | 15.00% | | | |||||||||||
Renewal Leasing | | | | 603 | | | | | 698 | | | | | 15.8% | | | | | 10.00% | | | | | | 677 | | | | | 1,025 | | | | | 51.4% | | | | | 10.00% | | | ||||||||
Capital Allocations/ Markets (in millions) | | | | | ||||||||||||||||||||||||||||||||||||||||||||||
Acquisitions | | | $ | 350.0 | | | | $ | 349.8 | | | | | (0.1)% | | | | | 10.00% | | | | | $ | 325.0 | | | | $ | 97.3 | | | Below Threshold | | | | 10.00% | | | |||||||||||
Dispositions | | | $ | 556.0 | | | | $ | 331.8 | | | | | (40.3)% | | | | | 5.00% | | | | | $ | 554.0 | | | | $ | 395.4 | | | Below Threshold | | | | 5.00% | | | |||||||||||
Board Discretion/ Individual Performance | | Qualitative | | Qualitative | | Achieved Target | | | | 20.00% | | | | Qualitative | | Qualitative | | Above Target | | | | 20.00% | | | ||||||||||||||||||||||||||
Total | | | | | | | | | | | | | | | | | | | 100.00% | | | | | | | | | | | | | | | | | | | | | 100.00% | | |
Measure | | Adjustment Factor | | | Incentive Available to be Earned Based on Actual Performance (as a Percentage of Target) | | | Relative Weighting | | | Adjustment Factor | | | Incentive Available to be Earned Based on Actual Performance (as a Percentage of Target) | | | Relative Weighting | | ||||||||||||||||||||||||||
| Threshold | | Maximum(1) | | | Threshold | | Maximum(1) | | |||||||||||||||||||||||||||||||||||
Core FFO per share to Budget | | Every 1% variance in performance increases or decreases the targeted award by 10%, based on relative weighting | | | | 50% | | | | | 150% | | | | | 20% | | | ||||||||||||||||||||||||||
Core FFO per share | | Every 1% variance in performance increases or decreases the targeted award by 10%, based on relative weighting | | | | 50% | | | | | 150% | | | | | 20% | | | ||||||||||||||||||||||||||
Balance Sheet Management | | Individual metrics are measured as “Achieved” resulting in full target payout or “Not Achieved” resulting in no payout; however, if all metrics are achieved, then the maximum award is deemed earned | | | | 100% | | | | | 150% | | | | | 10% | | | | Individual metrics are measured as “Achieved” resulting in full target payout or “Not Achieved” resulting in no payout; however, if all metrics are achieved, then the maximum award is deemed earned | | | | 100% | | | | | 150% | | | | | 10% | | | ||||||||
Weighted Average Committed Capital Per Square Foot Leased Relative to Budget | | Every 1% variance in performance increases or decreases the targeted award by 5%, based on relative weighting | | | | 50% | | | | | 150% | | | | | 10% | | | | Every 1% variance in performance increases or decreases the targeted award by 5%, based on relative weighting | | | | 50% | | | | | 150% | | | | | 10% | | | ||||||||
Leasing Targets | | Every 1% variance in performance increases or decreases the targeted award by 2%, based on relative weighting | | | | 50% | | | | | 150% | | | | | 25% | | | | Every 1% variance in performance increases or decreases the targeted award by 2%, based on relative weighting | | | | 50% | | | | | 150% | | | | | 25% | | | ||||||||
Capital Allocations/ Markets | | Every 1% variance in performance increases or decreases the targeted award by 2%, based on relative weighting | | | | 50% | | | | | 150% | | | | | 15% | | | ||||||||||||||||||||||||||
Board Discretion/ Individual Performance | | Qualitative | | | | | | | | | | | | | | 20% | | | ||||||||||||||||||||||||||
Capital Allocations/Markets | | Every 1% variance in performance increases or decreases the targeted award by 2%, based on relative weighting | | | | 50% | | | | | 150% | | | | | 15% | | | ||||||||||||||||||||||||||
Board Discretion/Individual Performance | | Qualitative | | | | | | | | | | | | | | 20% | | |
Name | | 2016 Target Annual Incentive for NEOs ($) | | 2016 Actual Annual Incentive for NEOs ($) | | | 2017 Target Annual Incentive for NEOs ($) | | 2017 Actual Annual Incentive for NEOs ($) | | ||||||||||||||||
Mr. Miller | | | | 864,000 | | | | | 1,088,044 | | | | | | 864,000 | | | | | 950,486 | | | ||||
Mr. Bowers | | | | 450,000 | | | | | 521,690 | | | | | | 450,000 | | | | | 442,575 | | | ||||
Mr. Owens | | | | 203,000 | | | | | 235,000 | | | |||||||||||||||
Mr. Reddic | | | | 192,500 | | | | | 220,000 | | | | | | 192,500 | | | | | 189,324 | | | ||||
Mr. Smith | | | | 300,000 | | | | | 400,000 | | | |||||||||||||||
Mr. Wiberg | | | | 200,000 | | | | | 230,000 | | | | | | 200,000 | | | | | 196,700 | | | ||||
Total | | | | 1,909,500 | | | | | 2,294,734 | | | | | | 2,006,500 | | | | | 2,179,085 | | |
| | TSR Percentile Rank as of December 31, 2016 | | Estimated Payout Percentage of Target Based on Percentile Rank as of December 31, 2016 | | | TSR Percentile Rank as of December 31, 2017 | | Estimated Payout Percentage of Target Based on Percentile Rank as of December 31, 2017 | | ||||||||||||||||
2014 – 16 Performance Share Plan | | | | 47.1% | | | | | 94.2% | | | |||||||||||||||
2015 – 17 Performance Share Plan | | | | 64.7% | | | | | 158.8% | | | | | | 47.1% | | | | | 94.2% | | | ||||
2016 – 18 Performance Share Plan | | | | 28.6% | | | | | 57.2% | | | | | | 42.9% | | | | | 85.8% | | | ||||
2017 – 19 Performance Share Plan | | | | 50.0% | | | | | 100.0% | | |
| | | 2015 Goal | | | | | | | | | | | | | | | 2016 Goal | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||
Measure | | Threshold | | Target | | Maximum | | Actual | | Weight | | | Threshold | | Target | | Maximum | | Actual | | Weight | | ||||||||||||||||||||||||||||||||||||||||
Core FFO Per Share Relative to Budget (per share) | | | $ | 1.40 | | | | $ | 1.554 | | | | $ | 1.71 | | | | $ | 1.598 | | | | | 25% | | | ||||||||||||||||||||||||||||||||||||
Core FFO (per share) | | | $ | 1.52 | | | | $ | 1.599 | | | | $ | 1.68 | | | | $ | 1.672 | | | | | 25% | | | ||||||||||||||||||||||||||||||||||||
Actual Adjusted Funds From Operations Before Capital Expenditures Relative to Budget (in millions) | | | $ | 199.4 | | | | $ | 221.6 | | | | $ | 243.8 | | | | $ | 230.3 | | | | | 25% | | | | | $ | 189.6 | | | | $ | 210.6 | | | | $ | 231.7 | | | | $ | 224.9 | | | | | 25% | | | ||||||||||
Actual General and Administrative Expense Relative to Budget (in millions) | | | $ | 31.1 | | | | $ | 28.3 | | | | $ | 25.5 | | | | $ | 30.4 | | | | | 25% | | | | | $ | 33.0 | | | | $ | 30.0 | | | | $ | 27.0 | | | | $ | 29.2 | | | | | 25% | | | ||||||||||
Board Discretion/Individual Performance | | | | Qualitative | | | | | Qualitative | | | | | Qualitative | | | Achieved Above Target | | | | 25% | | | | Qualitative | | Qualitative | | Qualitative | | Achieved Target | | | | 25% | | |
Measure | | Adjustment Factor | | | Incentive Available to be Earned Based on Actual Performance (as a Percentage of Target) | | | Relative Weighting | | | Adjustment Factor | | | Incentive Available to be Earned Based on Actual Performance (as a Percentage of Target) | | | Relative Weighting | | ||||||||||||||||||||||||||
| Threshold | | Maximum(1) | | | Threshold | | Maximum(1) | | |||||||||||||||||||||||||||||||||||
Core FFO per share to Budget | | Every 1% variance in performance increases or decreases the targeted award by 10%, based on relative weighting | | | | 50% | | | | | 150% | | | | | 25% | | | | Every 1% variance in performance increases or decreases the targeted award by 10%, based on relative weighting | | | | 50% | | | | | 150% | | | | | 25% | | | ||||||||
Actual Adjusted Funds From Operations Before Capital Expenditures Relative to Budget | | Every 1% variance in performance increases or decreases the targeted award by 5%, based on relative weighting | | | | 50% | | | | | 150% | | | | | 25% | | | | Every 1% variance in performance increases or decreases the targeted award by 5%, based on relative weighting | | | | 50% | | | | | 150% | | | | | 25% | | | ||||||||
Actual General and Administrative Expense Relative to Budget | | Every 1% variance in performance increases or decreases the targeted award by 5%, based on relative weighting | | | | 50% | | | | | 150% | | | | | 25% | | | | Every 1% variance in performance increases or decreases the targeted award by 5%, based on relative weighting | | | | 50% | | | | | 150% | | | | | 25% | | | ||||||||
Board Discretion/ Individual Performance | | Qualitative | | | | | | | | | | | | | | 25% | | | ||||||||||||||||||||||||||
Board Discretion/Individual Performance | | Qualitative | | | | | | | | | | | | | | 25% | | |
| | | Lesser Of: | | |||||||||
| | | Multiple of Salary | | | Shares of Stock | | ||||||
Chief Executive Officer | | | | | 5x | | | | | | 195,000 | | |
Chief Financial Officer | | | | | 3x | | | | | | 75,000 | | |
| | | | 2x | | | | | | 30,000 | | | |
EVP — | | | | | 2x | | | | | | 30,000 | | |
EVP — Mid-Atlantic Region and Head of Development | | | | | 2x | | | | | | 30,000 | | |
Name and Principal Position | | Year | | Salary ($) | | Stock Awards ($)(1) | | Non-Equity Incentive Plan Compensation ($) | | All Other Compensation ($) | | Total ($) | | | Year | | Salary ($) | | Stock Awards ($)(1) | | Non-Equity Incentive Plan Compensation ($) | | All Other Compensation ($) | | Total ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||
Donald A. Miller, CFA Chief Executive Officer and President | | | | | 2016 | | | | | 720,000 | | | | | 2,885,893(2) | | | | | 1,088,044 | | | | | 26,408(5) | | | | | 4,720,345 | | | | | | | 2017 | | | | | 720,000 | | | | | 3,192,790(2) | | | | | 950,486 | | | | | 26,350(5) | | | | | 4,889,626 | | | ||||||||||
| | | 2015 | | | | | 720,000 | | | | | 2,767,737(3) | | | | | 1,200,000 | | | | | 26,408 | | | | | 4,714,145 | | | | | | 2016 | | | | | 720,000 | | | | | 2,885,893(3) | | | | | 1,088,044 | | | | | 26,408 | | | | | 4,720,345 | | | |||||||||||||
| | | 2014 | | | | | 720,000 | | | | | 2,045,933(4) | | | | | 1,149,639 | | | | | 25,303 | | | | | 3,940,875 | | | | | | 2015 | | | | | 720,000 | | | | | 2,767,737(4) | | | | | 1,200,000 | | | | | 26,408 | | | | | 4,714,145 | | | |||||||||||||
Robert E. Bowers Executive Vice President and Chief Financial Officer | | | | | 2016 | | | | | 450,000 | | | | | 1,038,914(2) | | | | | 521,690 | | | | | 24,282(5) | | | | | 2,034,886 | | | | | | | 2017 | | | | | 450,000 | | | | | 1,149,412(2) | | | | | 442,575 | | | | | 24,248(5) | | | | | 2,066,235 | | | ||||||||||
| | | 2015 | | | | | 450,000 | | | | | 1,041,735(3) | | | | | 560,000 | | | | | 24,282 | | | | | 2,076,017 | | | | | | 2016 | | | | | 450,000 | | | | | 1,038,914(3) | | | | | 521,690 | | | | | 24,282 | | | | | 2,034,886 | | | |||||||||||||
| | | 2014 | | | | | 450,000 | | | | | 800,881(4) | | | | | 553,208 | | | | | 23,282 | | | | | 1,827,371 | | | | | | 2015 | | | | | 450,000 | | | | | 1,041,735(4) | | | | | 560,000 | | | | | 24,282 | | | | | 2,076,017 | | | |||||||||||||
Raymond L. Owens Executive Vice President and Chief Investment Officer | | | | | 2016 | | | | | 289,769 | | | | | 404,034(2) | | | | | 235,000 | | | | | 24,282(5) | | | | | 953,085 | | | ||||||||||||||||||||||||||||||||||||||||||
| | | 2015 | | | | | 275,000 | | | | | 382,942(3) | | | | | 265,000 | | | | | 24,282 | | | | | 947,224 | | | ||||||||||||||||||||||||||||||||||||||||||||
| | | 2014 | | | | | 260,000 | | | | | 282,629(4) | | | | | 220,000 | | | | | 23,282 | | | | | 785,911 | | | ||||||||||||||||||||||||||||||||||||||||||||
Carroll A. Reddic, IV Executive Vice President — Real Estate Operations | | | | | 2016 | | | | | 275,000 | | | | | 404,034(2) | | | | | 220,000 | | | | | 24,282(5) | | | | | 923,316 | | | | | | | 2017 | | | | | 275,000 | | | | | 446,983(2) | | | | | 189,324 | | | | | 24,250(5) | | | | | 935,557 | | | ||||||||||
| | | 2015 | | | | | 275,000 | | | | | 382,942(3) | | | | | 230,000 | | | | | 24,282 | | | | | 912,224 | | | | | | 2016 | | | | | 275,000 | | | | | 404,034(3) | | | | | 220,000 | | | | | 24,282 | | | | | 923,316 | | | |||||||||||||
| | | 2014 | | | | | 260,000 | | | | | 282,629(4) | | | | | 223,742 | | | | | 17,782 | | | | | 784,153 | | | | | | 2015 | | | | | 275,000 | | | | | 382,942(4) | | | | | 230,000 | | | | | 24,282 | | | | | 912,224 | | | |||||||||||||
C. Brent Smith Executive Vice President — Northeast Region and Chief Investment Officer | | | | | 2017 | | | | | 300,000 | | | | | 446,983(2) | | | | | 400,000 | | | | | 12,190(5) | | | | | 1,159,173 | | | ||||||||||||||||||||||||||||||||||||||||||
| | | 2016 | | | | | 262,500 | | | | | 318,973(3) | | | | | 235,000 | | | | | 8,056 | | | | | 824,529 | | | ||||||||||||||||||||||||||||||||||||||||||||
| | | 2015 | | | | | 253,125 | | | | | 245,350(4) | | | | | 250,000 | | | | | 282 | | | | | 748,757 | | | ||||||||||||||||||||||||||||||||||||||||||||
Robert K. Wiberg Executive Vice President — Mid-Atlantic Region and Head of Development | | | | | 2016 | | | | | 320,000 | | | | | 404,034(2) | | | | | 230,000 | | | | | 18,282(5) | | | | | 972,316 | | | | | | | 2017 | | | | | 320,000 | | | | | 446,983(2) | | | | | 196,700 | | | | | 24,250(5) | | | | | 987,933 | | | ||||||||||
| | | 2015 | | | | | 320,000 | | | | | 466,745(3) | | | | | 250,000 | | | | | 12,282 | | | | | 1,049,027 | | | | | | 2016 | | | | | 320,000 | | | | | 404,034(3) | | | | | 230,000 | | | | | 18,282 | | | | | 972,316 | | | |||||||||||||
| | | 2014 | | | | | 310,000 | | | | | 612,055(4) | | | | | 264,000 | | | | | 6,032 | | | | | 1,192,087 | | | | | | 2015 | | | | | 320,000 | | | | | 466,745(4) | | | | | 250,000 | | | | | 12,282 | | | | | 1,049,027 | | |
Name | | Matching Contributions to 401(k) ($) | | Premium for Company Paid Life Insurance ($) | | Executive Health Physical ($) | | Total Other Compensation ($) | | | Matching Contributions to 401(k) ($) | | Premium for Company Paid Life Insurance ($) | | Executive Health Physical ($) | | Total Other Compensation ($) | | ||||||||||||||||||||||||||||||||
Donald A. Miller, CFA | | | | 24,000 | | | | | 282 | | | | | 2,126 | | | | | 26,408 | | | | | | 24,000 | | | | | 250 | | | | | 2,100 | | | | | 26,350 | | | ||||||||
Robert E. Bowers | | | | 24,000 | | | | | 282 | | | | | — | | | | | 24,282 | | | | | | 24,000 | | | | | 248 | | | | | — | | | | | 24,248 | | | ||||||||
Raymond L. Owens | | | | 24,000 | | | | | 282 | | | | | — | | | | | 24,282 | | | |||||||||||||||||||||||||||||
Carroll A. Reddic, IV | | | | 24,000 | | | | | 282 | | | | | — | | | | | 24,282 | | | | | | 24,000 | | | | | 250 | | | | | — | | | | | 24,250 | | | ||||||||
C. Brent Smith | | | | 11,942 | | | | | 248 | | | | | — | | | | | 12,190 | | | |||||||||||||||||||||||||||||
Robert K. Wiberg | | | | 18,000 | | | | | 282 | | | | | — | | | | | 18,282 | | | | | | 24,000 | | | | | 250 | | | | | — | | | | | 24,250 | | |
Name and Principal Position | | Year | | Salary ($) | | Stock Awards That Vested ($)(1) | | Non-Equity Incentive Plan Compensation ($) | | All Other Compensation ($) | | Total ($) | | | Year | | Salary ($) | | Stock Awards That Vested ($)(1) | | Non-Equity Incentive Plan Compensation ($) | | All Other Compensation ($) | | Total ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||
Donald A. Miller, CFA Chief Executive Officer and President | | | | | 2016 | | | | | 720,000 | | | | | 1,787,612 | | | | | 1,088,044(2) | | | | | 26,408(3) | | | | | 3,622,064 | | | | | | | 2017 | | | | | 720,000 | | | | | 2,764,374 | | | | | 950,486(2) | | | | | 26,350(3) | | | | | 4,461,210 | | | ||||||||||
| | | 2015 | | | | | 720,000 | | | | | 1,103,036 | | | | | 1,200,000 | | | | | 26,408 | | | | | 3,049,444 | | | | | | 2016 | | | | | 720,000 | | | | | 1,787,612 | | | | | 1,088,044 | | | | | 26,408 | | | | | 3,622,064 | | | |||||||||||||
| | | 2014 | | | | | 720,000 | | | | | 885,595 | | | | | 1,149,639 | | | | | 25,303 | | | | | 2,780,537 | | | | | | 2015 | | | | | 720,000 | | | | | 1,103,036 | | | | | 1,200,000 | | | | | 26,408 | | | | | 3,049,444 | | | |||||||||||||
Robert E. Bowers Chief Financial Officer, Executive Vice President | | | | | 2016 | | | | | 450,000 | | | | | 691,482 | | | | | 521,690(2) | | | | | 24,282(3) | | | | | 1,687,454 | | | | | | | 2017 | | | | | 450,000 | | | | | 1,065,359 | | | | | 442,575(2) | | | | | 24,248(3) | | | | | 1,982,182 | | | ||||||||||
| | | 2015 | | | | | 450,000 | | | | | 433,550 | | | | | 560,000 | | | | | 24,282 | | | | | 1,467,832 | | | | | | 2016 | | | | | 450,000 | | | | | 691,482 | | | | | 521,690 | | | | | 24,282 | | | | | 1,687,454 | | | |||||||||||||
| | | 2014 | | | | | 450,000 | | | | | 349,836 | | | | | 553,208 | | | | | 23,282 | | | | | 1,376,326 | | | | | | 2015 | | | | | 450,000 | | | | | 433,550 | | | | | 560,000 | | | | | 24,282 | | | | | 1,467,832 | | | |||||||||||||
Raymond L. Owens Chief Investment Officer, Executive Vice President | | | | | 2016 | | | | | 289,769 | | | | | 249,877 | | | | | 235,000(2) | | | | | 24,282(3) | | | | | 798,928 | | | ||||||||||||||||||||||||||||||||||||||||||
| | | 2015 | | | | | 275,000 | | | | | 153,850 | | | | | 265,000 | | | | | 24,282 | | | | | 718,132 | | | ||||||||||||||||||||||||||||||||||||||||||||
| | | 2014 | | | | | 260,000 | | | | | 124,959 | | | | | 220,000 | | | | | 23,282 | | | | | 628,241 | | | ||||||||||||||||||||||||||||||||||||||||||||
Carroll A. Reddic, IV Executive Vice President — Real Estate Operations | | | | | 2016 | | | | | 275,000 | | | | | 249,877 | | | | | 220,000(2) | | | | | 24,282(3) | | | | | 769,159 | | | ||||||||||||||||||||||||||||||||||||||||||
| | | 2015 | | | | | 275,000 | | | | | 153,850 | | | | | 230,000 | | | | | 24,282 | | | | | 683,132 | | | ||||||||||||||||||||||||||||||||||||||||||||
| | | 2014 | | | | | 260,000 | | | | | 124,959 | | | | | 223,742 | | | | | 17,782 | | | | | 626,483 | | | ||||||||||||||||||||||||||||||||||||||||||||
Carroll A. Reddic, IV Executive Vice President— Real Estate Operations | | | | | 2017 | | | | | 275,000 | | | | | 384,221 | | | | | 189,324(2) | | | | | 24,250(3) | | | | | 872,795 | | | ||||||||||||||||||||||||||||||||||||||||||
| | | 2016 | | | | | 275,000 | | | | | 249,877 | | | | | 220,000 | | | | | 24,282 | | | | | 769,159 | | | ||||||||||||||||||||||||||||||||||||||||||||
| | | 2015 | | | | | 275,000 | | | | | 153,850 | | | | | 230,000 | | | | | 24,282 | | | | | 683,132 | | | ||||||||||||||||||||||||||||||||||||||||||||
C. Brent Smith Executive Vice President — Northeast Region and Chief Investment Officer | | | | | 2017 | | | | | 300,000 | | | | | 355,057 | | | | | 400,000(2) | | | | | 12,190 | | | | | 1,067,247 | | | ||||||||||||||||||||||||||||||||||||||||||
| | | 2016 | | | | | 262,500 | | | | | 232,641 | | | | | 235,000 | | | | | 8,056 | | | | | 738,197 | | | ||||||||||||||||||||||||||||||||||||||||||||
| | | 2015 | | | | | 253,125 | | | | | 150,902 | | | | | 250,000 | | | | | 282 | | | | | 654,309 | | | ||||||||||||||||||||||||||||||||||||||||||||
Robert K. Wiberg(1) Executive Vice President — Mid-Atlantic Region and Head of Development | | | | | 2016 | | | | | 320,000 | | | | | 361,588 | | | | | 230,000(2) | | | | | 18,282(3) | | | | | 929,870 | | | | | | | 2017 | | | | | 320,000 | | | | | 536,118 | | | | | 196,700(2) | | | | | 24,250(3) | | | | | 1,077,068 | | | ||||||||||
| | | 2015 | | | | | 320,000 | | | | | 288,882 | | | | | 250,000 | | | | | 12,282 | | | | | 871,164 | | | | | | 2016 | | | | | 320,000 | | | | | 361,588 | | | | | 230,000 | | | | | 18,282 | | | | | 929,870 | | | |||||||||||||
| | | 2014 | | | | | 310,000 | | | | | 167,436 | | | | | 264,000 | | | | | 6,032 | | | | | 747,468 | | | | | | 2015 | | | | | 320,000 | | | | | 288,882 | | | | | 250,000 | | | | | 12,282 | | | | | 871,164 | | |
| | | Grant Date | | | Estimated Potential Payouts Under Non-Equity Incentive Plan Awards(1) | | | Estimated Future Payouts Under Equity Incentive Plan Awards(2) | | | All Other Stock Awards: Number of Shares of Stock | | | Grant Date Fair Value of Stock Awards | | ||||||||||||||||||||||||||||||||||||
| | | Threshold | | | Target | | | Maximum | | | Threshold (Number of Shares) | | | Target (Number of Shares) | | | Maximum (Number of Shares) | | |||||||||||||||||||||||||||||||||
Donald A. Miller, CFA | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2016 STIC Plan | | | | | | | $ | 540,000 | | | | | $ | 864,000 | | | | | $ | 1,440,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2016 LTIC Plan — 2016 – 18 Performance Share Component | | | May 24, 2016 | | | | | | | | | | | | | | | | | | | | | | | 31,392 | | | | | | 62,783 | | | | | | 125,566 | | | | | | | | | | | $ | 1,445,265 | | |
2015 LTIC Plan — Deferred Stock Component | | | May 24, 2016 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 72,357(3) | | | | | $ | 1,440,628 | | |
Robert E. Bowers | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2016 STIC Plan | | | | | | | $ | 225,000 | | | | | $ | 450,000 | | | | | $ | 675,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2016 LTIC Plan — 2016 – 18 Performance Share Component | | | May 24, 2016 | | | | | | | | | | | | | | | | | | | | | | | 11,301 | | | | | | 22,602 | | | | | | 45,204 | | | | | | | | | | | $ | 520,298 | | |
2015 LTIC Plan — Deferred Stock Component | | | May 24, 2016 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 26,048(3) | | | | | $ | 518,616 | | |
Raymond L. Owens | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2016 STIC Plan | | | | | | | $ | 101,500 | | | | | $ | 203,000 | | | | | $ | 304,500 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2016 LTIC Plan — 2016 – 18 Performance Share Component | | | May 24, 2016 | | | | | | | | | | | | | | | | | | | | | | | 4,395 | | | | | | 8,790 | | | | | | 17,580 | | | | | | | | | | | $ | 202,346 | | |
2015 LTIC Plan — Deferred Stock Component | | | May 24, 2016 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 10,130(3) | | | | | $ | 201,688 | | |
Carroll A. Reddic, IV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2016 STIC Plan | | | | | | | $ | 96,250 | | | | | $ | 192,500 | | | | | $ | 288,750 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2016 LTIC Plan — 2016 – 18 Performance Share Component | | | May 24, 2016 | | | | | | | | | | | | | | | | | | | | | | | 4,395 | | | | | | 8,790 | | | | | | 17,580 | | | | | | | | | | | $ | 202,346 | | |
2015 LTIC Plan — Deferred Stock Component | | | May 24, 2016 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 10,130(3) | | | | | $ | 201,688 | | |
Robert K. Wiberg | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2016 STIC Plan | | | | | | | $ | 100,000 | | | | | $ | 200,000 | | | | | $ | 300,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2016 LTIC Plan — 2016 – 18 Performance Share Component | | | May 24, 2016 | | | | | | | | | | | | | | | | | | | | | | | 4,395 | | | | | | 8,790 | | | | | | 17,580 | | | | | | | | | | | $ | 202,346 | | |
2015 LTIC Plan — Deferred Stock Component | | | May 24, 2016 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 10,130(3) | | | | | $ | 201,688 | | |
| | | Grant Date | | | Estimated Potential Payouts Under Non-Equity Incentive Plan Awards(1) | | | Estimated Future Payouts Under Equity Incentive Plan Awards(2) | | | All Other Stock Awards: Number of Shares of Stock | | | Grant Date Fair Value of Stock Awards | | ||||||||||||||||||||||||||||||||||||
| | | Threshold | | | Target | | | Maximum | | | Threshold (Number of Shares) | | | Target (Number of Shares) | | | Maximum (Number of Shares) | | |||||||||||||||||||||||||||||||||
Donald A. Miller, CFA | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2017 STIC Plan | | | | | | | $ | 540,000 | | | | | $ | 864,000 | | | | | $ | 1,440,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2017 LTIC Plan — 2017 – 19 Performance Share Component | | | May 18, 2017 | | | | | | | | | | | | | | | | | | | | | | | 29,233 | | | | | | 58,466 | | | | | | 116,932 | | | | | | | | | | | $ | 1,780,290 | | |
2016 LTIC Plan — Deferred Stock Component | | | May 18, 2017 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 66,066(3) | | | | | $ | 1,412,491 | | |
Robert E. Bowers | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2017 STIC Plan | | | | | | | $ | 225,000 | | | | | $ | 450,000 | | | | | $ | 675,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2017 LTIC Plan — 2017 – 19 Performance Share Component | | | May 18, 2017 | | | | | | | | | | | | | | | | | | | | | | | 10,524 | | | | | | 21,048 | | | | | | 42,096 | | | | | | | | | | | $ | 640,912 | | |
2016 LTIC Plan — Deferred Stock Component | | | May 18, 2017 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 23,783(3) | | | | | $ | 508,481 | | |
Carroll A. Reddic, IV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2017 STIC Plan | | | | | | | $ | 96,250 | | | | | $ | 192,500 | | | | | $ | 288,750 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2017 LTIC Plan — 2017 – 19 Performance Share Component | | | May 18, 2017 | | | | | | | | | | | | | | | | | | | | | | | 4,093 | | | | | | 8,185 | | | | | | 16,370 | | | | | | | | | | | $ | 249,233 | | |
2016 LTIC Plan — Deferred Stock Component | | | May 18, 2017 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 9,249(3) | | | | | $ | 197,744 | | |
C. Brent Smith | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2017 STIC Plan | | | | | | | $ | 100,000 | | | | | $ | 200,000 | | | | | $ | 300,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2017 LTIC Plan — 2017 – 19 Performance Share Component | | | May 18, 2017 | | | | | | | | | | | | | | | | | | | | | | | 4,093 | | | | | | 8,185 | | | | | | 16,370 | | | | | | | | | | | $ | 249,233 | | |
2016 LTIC Plan — Deferred Stock Component | | | May 18, 2017 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 9,249(3) | | | | | $ | 197,744 | | |
Robert K. Wiberg | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2017 STIC Plan | | | | | | | $ | 100,000 | | | | | $ | 200,000 | | | | | $ | 300,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2017 LTIC Plan — 2017 – 19 Performance Share Component | | | May 18, 2017 | | | | | | | | | | | | | | | | | | | | | | | 4,093 | | | | | | 8,185 | | | | | | 16,370 | | | | | | | | | | | $ | 249,233 | | |
2016 LTIC Plan — Deferred Stock Component | | | May 18, 2017 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 9,249(3) | | | | | $ | 197,744 | | |
| | | LTIC Stock Awards | | |||||||||||||||||||||
| | | Deferred Stock Component | | | Performance Share Component | | ||||||||||||||||||
Name | | | 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, Units or Other Rights That Have Not Vested (#) | | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested | | ||||||||||||
Donald A. Miller, CFA: | | | | | | | | | | | | | | | | | | | | | | | | | |
May 9, 2014 plan award(1)(5) | | | | | | | | | | | | | | | | | 50,892 | | | | | $ | 1,180,694 | | |
May 9, 2014 award(2)(5) | | | | | 11,580 | | | | | $ | 268,656 | | | | | | | | | | | | | | |
May 1, 2015 plan award(3)(6) | | | | | | | | | | | | | | | | | 112,848 | | | | | $ | 2,525,538 | | |
May 1, 2015 award(2)(6) | | | | | 41,465 | | | | | $ | 927,987 | | | | | | | | | | | | | | |
May 24, 2016 plan award(4)(7) | | | | | | | | | | | | | | | | | 35,912 | | | | | $ | 773,544 | | |
May 24, 2016 award(2)(7) | | | | | 54,267 | | | | | $ | 1,168,911 | | | | | | | | | | | | | | |
Total | | | | | 107,312 | | | | | $ | 2,365,554 | | | | | | 199,652 | | | | | $ | 4,479,776 | | |
Robert E. Bowers | | | | | | | | | | | | | | | | | | | | | | | | | |
May 9, 2014 plan award(1)(5) | | | | | | | | | | | | | | | | | 20,357 | | | | | $ | 472,282 | | |
May 9, 2014 award(2)(5) | | | | | 4,395 | | | | | $ | 101,964 | | | | | | | | | | | | | | |
May 1, 2015 plan award(3)(6) | | | | | | | | | | | | | | | | | 40,626 | | | | | $ | 909,210 | | |
May 1, 2015 award(2)(6) | | | | | 16,216 | | | | | $ | 362,914 | | | | | | | | | | | | | | |
May 24, 2016 plan award(4)(7) | | | | | | | | | | | | | | | | | 12,928 | | | | | $ | 278,469 | | |
May 24, 2016 award(2)(7) | | | | | 19,536 | | | | | $ | 420,805 | | | | | | | | | | | | | | |
Total | | | | | 40,147 | | | | | $ | 885,683 | | | | | | 73,911 | | | | | $ | 1,659,961 | | |
Raymond L. Owens | | | | | | | | | | | | | | | | | | | | | | | | | |
May 9, 2014 plan award(1)(5) | | | | | | | | | | | | | | | | | 7,124 | | | | | $ | 165,277 | | |
May 9, 2014 award(2)(5) | | | | | 1,570 | | | | | $ | 36,424 | | | | | | | | | | | | | | |
May 1, 2015 plan award(3)(6) | | | | | | | | | | | | | | | | | 15,799 | | | | | $ | 353,582 | | |
May 1, 2015 award(2)(6) | | | | | 5,676 | | | | | $ | 127,029 | | | | | | | | | | | | | | |
May 24, 2016 plan award(4)(7) | | | | | | | | | | | | | | | | | 5,028 | | | | | $ | 108,303 | | |
May 24, 2016 award(2)(7) | | | | | 7,596 | | | | | $ | 163,618 | | | | | | | | | | | | | | |
Total | | | | | 14,842 | | | | | $ | 327,071 | | | | | | 27,951 | | | | | $ | 627,162 | | |
Carroll A. Reddic, IV | | | | | | | | | | | | | | | | | | | | | | | | | |
May 9, 2014 plan award(1)(5) | | | | | | | | | | | | | | | | | 7,124 | | | | | $ | 165,277 | | |
May 9, 2014 award(2)(5) | | | | | 1,570 | | | | | $ | 36,424 | | | | | | | | | | | | | | |
May 1, 2015 plan award(3)(6) | | | | | | | | | | | | | | | | | 15,799 | | | | | $ | 353,582 | | |
May 1, 2015 award(2)(6) | | | | | 5,676 | | | | | $ | 127,029 | | | | | | | | | | | | | | |
May 24, 2016 plan award(4)(7) | | | | | | | | | | | | | | | | | 5,028 | | | | | $ | 108,303 | | |
May 24, 2016 award(2)(7) | | | | | 7,596 | | | | | $ | 163,618 | | | | | | | | | | | | | | |
Total | | | | | 14,842 | | | | | $ | 327,071 | | | | | | 27,951 | | | | | $ | 627,162 | | |
Robert K. Wiberg | | | | | | | | | | | | | | | | | | | | | | | | | |
January 3, 2014 award(8) | | | | | 7,295 | | | | | $ | 170,703 | | | | | | | | | | | | | | |
May 9, 2014 plan award(1)(5) | | | | | | | | | | | | | | | | | 10,178 | | | | | $ | 236,130 | | |
May 9, 2014 award(2)(5) | | | | | 2,355 | | | | | $ | 54,636 | | | | | | | | | | | | | | |
May 1, 2015 plan award(3)(6) | | | | | | | | | | | | | | | | | 22,570 | | | | | $ | 505,117 | | |
May 1, 2015 award(2)(6) | | | | | 5,826 | | | | | $ | 130,386 | | | | | | | | | | | | | | |
May 24, 2016 plan award(4)(7) | | | | | | | | | | | | | | | | | 5,028 | | | | | $ | 108,303 | | |
May 24, 2016 award(2)(7) | | | | | 7,596 | | | | | $ | 163,618 | | | | | | | | | | | | | | |
Total | | | | | 23,072 | | | | | $ | 519,343 | | | | | | 37,776 | | | | | $ | 849,550 | | |
| | | LTIC Stock Awards | | |||||||||||||||||||||
| | | Deferred Stock Component | | | Performance Share Component | | ||||||||||||||||||
Name | | | 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, Units or Other Rights That Have Not Vested (#) | | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested | | ||||||||||||
Donald A. Miller, CFA | | | | | | | | | | | | | | | | | | | | | | | | | |
May 1, 2015 plan award(1)(5) | | | | | | | | | | | | | | | | | 66,941 | | | | | $ | 1,500,817 | | |
May 1, 2015 award(2)(5) | | | | | 20,732 | | | | ��� | $ | 464,811 | | | | | | | | | | | | | | |
May 24, 2016 plan award(3)(6) | | | | | | | | | | | | | | | | | 53,993 | | | | | $ | 1,165,169 | | |
May 24, 2016 award(2)(6) | | | | | 36,178 | | | | | $ | 780,721 | | | | | | | | | | | | | | |
May 18, 2017 plan award(4)(7) | | | | | | | | | | | | | | | | | 51,450 | | | | | $ | 1,067,073 | | |
May 18, 2017 award(2)(7) | | | | | 49,549 | | | | | $ | 1,027,646 | | | | | | | | | | | | | | |
Total | | | | | 106,459 | | | | | $ | 2,273,178 | | | | | | 172,384 | | | | | $ | 3,733,059 | | |
Robert E. Bowers | | | | | | | | | | | | | | | | | | | | | | | | | |
May 1, 2015 plan award(1)(5) | | | | | | | | | | | | | | | | | 24,099 | | | | | $ | 540,300 | | |
May 1, 2015 award(2)(5) | | | | | 8,108 | | | | | $ | 181,781 | | | | | | | | | | | | | | |
May 24, 2016 plan award(3)(6) | | | | | | | | | | | | | | | | | 19,438 | | | | | $ | 419,472 | | |
May 24, 2016 award(2)(6) | | | | | 13,024 | | | | | $ | 281,058 | | | | | | | | | | | | | | |
May 18, 2017 plan award(4)(7) | | | | | | | | | | | | | | | | | 18,522 | | | | | $ | 384,146 | | |
May 18, 2017 award(2)(7) | | | | | 17,837 | | | | | $ | 369,939 | | | | | | | | | | | | | | |
Total | | | | | 38,969 | | | | | $ | 832,778 | | | | | | 62,059 | | | | | $ | 1,343,918 | | |
Carroll A. Reddic, IV | | | | | | | | | | | | | | | | | | | | | | | | | |
May 1, 2015 plan award(1)(5) | | | | | | | | | | | | | | | | | 9,371 | | | | | $ | 210,098 | | |
May 1, 2015 award(2)(5) | | | | | 2,838 | | | | | $ | 63,628 | | | | | | | | | | | | | | |
May 24, 2016 plan award(3)(6) | | | | | | | | | | | | | | | | | 7,559 | | | | | $ | 163,123 | | |
May 24, 2016 award(2)(6) | | | | | 5,064 | | | | | $ | 109,281 | | | | | | | | | | | | | | |
May 18, 2017 plan award(4)(7) | | | | | | | | | | | | | | | | | 7,203 | | | | | $ | 149,390 | | |
May 18, 2017 award(2)(7) | | | | | 6,936 | | | | | $ | 143,853 | | | | | | | | | | | | | | |
Total | | | | | 14,838 | | | | | $ | 316,762 | | | | | | 24,133 | | | | | $ | 522,611 | | |
C. Brent Smith | | | | | | | | | | | | | | | | | | | | | | | | | |
January 3, 2014 award(8) | | | | | 4,863 | | | | | $ | 113,989 | | | | | | | | | | | | | | |
May 1, 2015 plan award(1)(5) | | | | | | | | | | | | | | | | | 5,355 | | | | | $ | 120,059 | | |
May 1, 2015 award(2)(5) | | | | | 1,998 | | | | | $ | 44,795 | | | | | | | | | | | | | | |
May 24, 2016 plan award(3)(6) | | | | | | | | | | | | | | | | | 5,939 | | | | | $ | 128,164 | | |
May 24, 2016 award(2)(6) | | | | | 4,018 | | | | | $ | 86,708 | | | | | | | | | | | | | | |
May 18, 2017 plan award(4)(7) | | | | | | | | | | | | | | | | | 7,203 | | | | | $ | 149,390 | | |
May 18, 2017 award(2)(7) | | | | | 6,936 | | | | | $ | 143,853 | | | | | | | | | | | | | | |
Total | | | | | 17,815 | | | | | $ | 389,345 | | | | | | 18,497 | | | | | $ | 397,613 | | |
Robert K. Wiberg | | | | | | | | | | | | | | | | | | | | | | | | | |
January 3, 2014 award(8) | | | | | 4,863 | | | | | $ | 113,989 | | | | | | | | | | | | | | |
May 1, 2015 plan award(1)(5) | | | | | | | | | | | | | | | | | 13,388 | | | | | $ | 300,159 | | |
May 1, 2015 award(2)(5) | | | | | 2,912 | | | | | $ | 65,287 | | | | | | | | | | | | | | |
May 24, 2016 plan award(3)(6) | | | | | | | | | | | | | | | | | 7,559 | | | | | $ | 163,123 | | |
May 24, 2016 award(2)(6) | | | | | 5,064 | | | | | $ | 109,281 | | | | | | | | | | | | | | |
May 18, 2017 plan award(4)(7) | | | | | | | | | | | | | | | | | 7,203 | | | | | $ | 149,390 | | |
May 18, 2017 award(2)(7) | | | | | 6,936 | | | | | $ | 143,853 | | | | | | | | | | | | | | |
Total | | | | | 19,775 | | | | | $ | 432,410 | | | | | | 28,150 | | | | | $ | 612,672 | | |
| | | Stock Awards | | | | Stock Awards | | ||||||||||||||||||
Name | | Number of Shares Acquired On Vesting (#) | | Value Realized on Vesting ($)(1) | | | Number of Shares Acquired On Vesting (#) | | Value Realized on Vesting ($)(1) | | ||||||||||||||||
Donald A. Miller, CFA | | | | 83,118 | | | | | 1,787,612 | | | | | | 117,810 | | | | | 2,764,374 | | | ||||
Robert E. Bowers | | | | 32,102 | | | | | 691,482 | | | | | | 45,319 | | | | | 1,065,359 | | | ||||
Raymond L. Owens | | | | 11,614 | | | | | 249,877 | | | |||||||||||||||
Carroll A. Reddic, IV | | | | 11,614 | | | | | 249,877 | | | | | | 16,376 | | | | | 384,221 | | | ||||
C. Brent Smith | | | | 15,192 | | | | | 355,057 | | | |||||||||||||||
Robert K. Wiberg | | | | 16,801 | | | | | 361,588 | | | | | | 22,722 | | | | | 536,118 | | |
Name | | | Executive Contributions During the Year Ended December 31, 2016 ($) | | | Registrant Contributions During the Year Ended December 31, 2016 ($) | | | Aggregate Earnings During the Year Ended December 31, 2016 ($) | | | Aggregate Withdrawals/ Distributions During the Year Ended December 31, 2016 ($) | | | Aggregate Balance as of December 31, 2016 ($) | | |||||||||||||||
Donald A. Miller, CFA | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Robert E. Bowers | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Raymond L. Owens | | | | | 155,485(1) | | | | | | — | | | | | | 1,182 | | | | | | 120,113 | | | | | | 74,148 | | |
Carroll A. Reddic, IV | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Robert K. Wiberg | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | Without Cause or For Good Reason | | | Termination in the Event of Change-in-Control, Without Cause, or For Good Reason | | | Non-renewal by Us of Executive’s Employment Agreement | | | Death or Disability | | ||||||||||||
Donald A. Miller, CFA: | | | | | | | | | | | | | | | | | | | | | | | | | |
Accrued Benefits(1) | | | | | X | | | | | | X | | | | | | X | | | | | | X | | |
Pro-rated annual bonus(2) | | | | | X | | | | | | X | | | | | | X | | | | | | X | | |
2x Annual Salary and Average Bonus(3) | | | | | X | | | | | | X | | | | | | X | | | | | | X | | |
Two years of medical benefits(4) | | | | | X | | | | | | X | | | | | | | | | | | | | | |
One year of medical benefits(4) | | | | | | | | | | | | | | | | | X | | | | | | X | | |
Robert E. Bowers: | | | | | | | | | | | | | | | | | | | | | | | | | |
Accrued Benefits(1) | | | | | X | | | | | | X | | | | | | X | | | | | | X | | |
Pro-rated annual bonus(2) | | | | | X | | | | | | X | | | | | | X | | | | | | X | | |
2x Annual Salary and Average Bonus(3) | | | | | X | | | | | | X | | | | | | X | | | | | | X | | |
Two years of medical benefits(4) | | | | | X | | | | | | X | | | | | | | | | | | | | | |
One year of medical benefits(4) | | | | | | | | | | | | | | | | | X | | | | | | X | | |
| | | | | | | | | | | | | | | | | | | | ||||||
| | | | | |||||||||||||||||||||
Accrued Benefits(1) | | | | | X | | | | | | X | | | | | | X | | | | | | X | | |
Pro-rated annual bonus(2) | | | | | X | | | | | | X | | | | | | X | | | | | | X | | |
1x Annual Salary and Average Bonus(3) | | | | | X | | | | | | X | | | | | | X | | | | | | X | | |
One year of medical benefits(4) | | | | | X | | | | | | X | | | | | | X | | | | | | X | | |
Name | | Without Cause/ For Good Reason ($) | | Change-in-Control (Termination Without Cause/ For Good Reason) ($) | | Non-renewal by Us of Initial or Subsequent Term ($) | | Death/ Disability ($) | | | Without Cause/ For Good Reason ($) | | Change-in-Control (Termination Without Cause/ For Good Reason) ($) | | Non-renewal by Us of Initial or Subsequent Term ($) | | Death/ Disability ($) | | ||||||||||||||||||||||||||||||||
Donald A. Miller, CFA | | | | 9,296,303 | | | | | 9,296,303 | | | | | 9,271,786 | | | | | 9,271,786 | | | | | | 8,602,881 | | | | | 8,602,881 | | | | | 8,574,740 | | | | | 8,574,740 | | | ||||||||
Robert E. Bowers | | | | 4,113,202 | | | | | 4,113,202 | | | | | 4,088,685 | | | | | 4,088,685 | | | | | | 3,770,541 | | | | | 3,770,541 | | | | | 3,742,400 | | | | | 3,742,400 | | | ||||||||
Raymond L. Owens(3) | | | | 1,329,841 | | | | | 1,329,841 | | | | | 1,329,841 | | | | | 1,329,841 | | | |||||||||||||||||||||||||||||
Carroll A. Reddic, IV(4) | | | | 1,298,845 | | | | | 1,298,845 | | | | | 1,298,845 | | | | | 1,298,845 | | | |||||||||||||||||||||||||||||
Carroll A. Reddic, IV(3)(6) | | | | 1,212,231 | | | | | 1,212,231 | | | | | 1,212,231 | | | | | 1,212,231 | | | |||||||||||||||||||||||||||||
C. Brent Smith(4)(6) | | | | 587,637 | | | | | 587,637 | | | | | N/A | | | | | 587,637 | | | |||||||||||||||||||||||||||||
Robert K. Wiberg(5)(6) | | | | 834,108 | | | | | 834,108 | | | | | N/A | | | | | 834,108 | | |
Name | | Fees Earned or Paid in Cash ($) | | Stock Awards ($)(1) | | All Other Compensation ($) | | Total ($) | | | Fees Earned or Paid in Cash ($) | | Stock Awards ($)(1) | | All Other Compensation ($) | | Total ($) | | ||||||||||||||||||||||||||||||||
Kelly H. Barrett | | | | 58,333 | | | | | 80,000 | | | | | — | | | | | 138,333 | | | | | | 70,000 | | | | | 80,000 | | | | | — | | | | | 150,000 | | | ||||||||
Michael R. Buchanan | | | | 135,000 | | | | | 80,000 | | | | | — | | | | | 215,000 | | | | | | 67,500 | | | | | — | | | | | — | | | | | 67,500 | | | ||||||||
Wesley E. Cantrell | | | | 74,375 | | | | | 80,000 | | | | | — | | | | | 154,375 | | | | | | 75,000 | | | | | 80,000 | | | | | — | | | | | 155,000 | | | ||||||||
Frank C. McDowell | | | | 78,750 | | | | | 80,000 | | | | | — | | | | | 158,750 | | | | | | 112,500 | | | | | 80,000 | | | | | — | | | | | 192,500 | | | ||||||||
Barbara B. Lang | | | | 65,000 | | | | | 80,000 | | | | | — | | | | | 145,000 | | | | | | 65,000 | | | | | 80,000 | | | | | — | | | | | 145,000 | | | ||||||||
Raymond G. Milnes, Jr. | | | | 86,875 | | | | | 80,000 | | | | | — | | | | | 166,875 | | | | | | 85,000 | | | | | 80,000 | | | | | — | | | | | 165,000 | | | ||||||||
Jeffrey L. Swope | | | | 74,375 | | | | | 80,000 | | | | | — | | | | | 154,375 | | | | | | 75,000 | | | | | 80,000 | | | | | — | | | | | 155,000 | | | ||||||||
Dale H. Taysom | | | | 70,000 | | | | | 80,000 | | | | | — | | | | | 150,000 | | | | | | 70,000 | | | | | 80,000 | | | | | — | | | | | 150,000 | | |
Plan category | | | Number of securities to be issued upon exercise of outstanding options, warrants, and rights (#) | | | Weighted-average exercise price of outstanding options, warrants, and rights | | | Number of securities remaining available for future issuance under equity compensation plans (#) | | |||||||||
Equity compensation plans approved by security holders | | | | | — | | | | | $ | — | | | | | | | | |
Equity compensation plans not approved by security holders | | | | | — | | | | | | — | | | | | | — | | |
Total | | | | | — | | | | | $ | — | | | | | | | |
Name of Beneficial Owner(1) | | Common Stock Beneficially Owned | | Percentage(5) | | | Common Stock Beneficially Owned | | Percentage(5) | | ||||||||||||||||
Directors and Named Executive Officers: | | | | | | | | | | | | | | | | | | | | | | | ||||
Kelly H. Barrett | | | | — | | | | | * | | | | | | 2,705 | | | | | * | | | ||||
Michael R. Buchanan | | | | 31,864 | | | | | 0.02% | | | |||||||||||||||
Wesley E. Cantrell | | | | 35,811 | | | | | 0.02% | | | | | | 32,232 | | | | | 0.02% | | | ||||
Barbara B. Lang | | | | 2,423 | | | | | * | | | | | | 5,050 | | | | | * | | | ||||
Frank C. McDowell | | | | 46,841 | | | | | 0.03% | | | | | | 49,380 | | | | | 0.04% | | | ||||
Raymond G. Milnes, Jr. | | | | 11,645 | | | | | 0.01% | | | | | | 15,566 | | | | | 0.01% | | | ||||
Jeffrey L. Swope | | | | 50,121 | | | | | 0.03% | | | | | | 55,903 | | | | | 0.04% | | | ||||
Dale H. Taysom | | | | 3,878 | | | | | * | | | | | | 6,583 | | | | | * | | | ||||
Donald A. Miller, CFA | | | | 468,263 | | | | | 0.32% | | | | | | 570,033 | | | | | 0.43% | | | ||||
Robert E. Bowers | | | | 169,358 | | | | | 0.12% | | | | | | 198,936 | | | | | 0.15% | | | ||||
Raymond L. Owens | | | | 75,057 | | | | | 0.05% | | | |||||||||||||||
Carroll A. Reddic | | | | 62,508 | | | | | 0.04% | | | | | | 74,937 | | | | | 0.06% | | | ||||
C. Brent Smith | | | | 37,642 | | | | | 0.03% | | | |||||||||||||||
Robert K. Wiberg | | | | 42,571 | | | | | 0.03% | | | | | | 60,118 | | | | | 0.05% | | | ||||
5% Stockholders: | | | | | | | | | | | | | | |||||||||||||
BlackRock, Inc.(2) | | | | 9,293,319 | | | | | 6.40% | | | |||||||||||||||
Blackrock, Inc.(2) | | | | 10,515,155 | | | | | 7.92% | | | |||||||||||||||
FMR LLC(3) | | | | 16,010,733 | | | | | 11.02% | | | | | | 7,756,828 | | | | | 5.84% | | | ||||
The Vanguard Group, Inc.(4) | | | | 22,510,054 | | | | | 15.49% | | | | | | 23,047,025 | | | | | 17.36% | | | ||||
All executive officers and directors as a group (18 persons) | | | | 1,104,560 | | | | | 0.76% | | | |||||||||||||||
All executive officers and directors as a group (16 persons) | | | | 1,206,085 | | | | | 0.91% | | |
| By: | | | | | | | | | By: | | | | |
| Name: | | | Thomas A. McKean | | | | | | Name: | | | Donald A. Miller, CFA | |
| Title: | | | Senior Vice President, Associate General Counsel and Corporate Secretary | | | | | | Title: | | | Chief Executive Officer and President | |
| | | | | | |