SEC Document


Table of Contents

EXECUTIVE COMPENSATION (CONTINUED)

 

 

Summary Compensation Table

The following table sets forth information regarding the compensation of our Chief Executive Officer, our Chief Financial Officer and our other three highest paid executive officers for fiscal 2017, fiscal 2016 and fiscal 2015.

 

  Name and Principal
  Position
  (a)
 

Year

(b)

   

Salary

($)

(c)

   

Bonus

($)(1)

(d)

   

Stock

Awards

($)(2)(3)

(e)

   

Option

Awards

($)(2)(3)

(f)

   

Non-Equity

Incentive

Plan

Compensation

($)(4)

(g)

   

 

Change in

Pension

Value and

Nonqualified

Deferred

Compensation

Earnings

($)(5)

(h)

   

All

Other

Compensation

($)(6)

(i)

   

Total

($)

(j)

 

Frank C. Sullivan

    2017       970,000       0       214,158       2,580,000       730,000       17,248       146,485       4,657,891  

Chairman and Chief Executive

Officer

    2016       960,000       0       8,111,067       2,186,000       1,050,000       98,174       132,532       12,537,773  
    2015       940,000       0       2,499,062       2,146,000       900,000       65,192       125,347       6,675,601  

Ronald A. Rice

    2017       730,000       0       223,795       1,290,000       550,000       19,412       127,009       2,940,216  

President and Chief Operating

Officer

    2016       720,000       0       3,735,376       1,093,000       790,000       85,202       148,587       6,572,165  
    2015       700,000       0       1,556,661       1,073,000       650,000       55,385       113,398       4,148,444  

Russell L. Gordon

    2017       475,000       0       213,546       387,000       450,000       16,671       40,791       1,583,008  

Vice President and Chief

Financial Officer

    2016       465,000       0       1,609,089       327,900       550,000       73,273       40,835       3,066,097  
    2015       450,000       0       691,053       321,900       450,000       44,937       46,179       2,004,069  

Edward W. Moore

    2017       370,000       0       106,722       387,000       350,000       28,174       94,980       1,336,876  

Senior Vice President, General

Counsel and Chief Compliance Officer

   
2016
2015
 
 
   
360,000
330,000
 
 
   

0

0

 

 

   

2,443,655

616,214

 

 

   
327,900
321,900
 
 
   
425,000
400,000
 
 
   
61,672
46,470
 
 
   
86,051
80,748
 
 
   
3,704,278
1,795,332
 
 

Janeen B. Kastner

    2017       310,000       0       86,530       387,000       190,000       17,369       41,383       1,032,282  

Vice President – Corporate Benefits

and Risk Management

    2016       295,000       0       1,238,025       327,900       210,000       65,964       35,948       2,172,837  
    2015       285,000       0       359,106       321,900       175,000       45,772       37,227       1,224,005  

 

(1) Amounts earned under the Incentive Plan are reported in the Non-Equity Incentive Plan Compensation column.

 

(2) The dollar value of restricted stock, SARs and stock options set forth in these columns is equal to the fair market value as of the date of the respective grant.

 

(3) Information regarding the shares of SARs granted to our named executive officers in July 2017 is set forth in the Grants of Plan-Based Awards for Fiscal 2017 table. The Grants of Plan-Based Awards for Fiscal 2017 table also sets forth the aggregate grant date fair value of the restricted stock granted during fiscal 2017 computed in accordance with ASC 718. Shares of restricted stock and SARs are subject to risk of forfeiture.

 

     2016 Stock Awards include PCRS grants for each named executive officer. Such grants assume the maximum amount of PCRS is awarded, although the grants are contingent upon the level of attainment of performance goals for the three-year period from June 1, 2015 ending May 31, 2018.

 

(4) The amounts set forth in this column were earned during fiscal 2017 and paid in July 2017, earned during fiscal 2016 and paid in July 2016 and earned during fiscal 2015 and paid in July 2015 for 2017, 2016 and 2015, respectively, under our Incentive Plan.

 

(5) The amounts set forth in this column reflect the change in present value of the executive officer’s accumulated benefits under the RPM International Inc. Retirement Plan (the “Retirement Plan”). During 2017, 2016 and 2015, there were no above-market or preferential earnings on nonqualified deferred compensation.

 

(6) All Other Compensation includes Company contributions to the 401(k) plan, life insurance premiums, automobile allowances, financial/estate planning, periodic executive physical examinations and charitable matching programs. For each named executive officer for whom the total value of all personal benefits exceed $10,000 in fiscal 2017, the amount of incremental cost to the Company for each personal benefit listed below, if applicable and to the extent such cost exceeded the greater of $25,000 or 10% of the total personal benefits for such named executive officer is as follows: automobile allowance: Mr. Sullivan $29,874 and Mr. Rice $31,379; life insurance premiums: Mr. Sullivan $104,391, Mr. Rice $80,580, and Mr. Moore $59,964. The value of the automobile allowance is determined by adding all of the costs of the program, including lease costs and costs of maintenance, fuel, license and taxes and includes personal and business use.

 

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