Option Exercises and Stock Vested During Fiscal 2017
This table provides information for the named executive officers on stock option and SAR exercises and restricted stock vesting during fiscal 2017, including the number
of shares acquired upon exercise and the value realized, before payment of any applicable withholding tax and broker commissions.
Number ofSharesAcquired onVesting
Pension Benefits for Fiscal 2017
The preceding table shows the present value of accumulated benefits payable to each named executive officer, including each
such named executive officers number of years of credited service, under our Retirement Plan determined using interest rate and mortality rate assumptions consistent with those used in our financial statements.
The Retirement Plan is a funded and tax qualified retirement plan. The monthly benefit provided by the Retirement Plans formula on a single life annuity basis is
equal to the sum of 22.5% of a participants average monthly compensation, reduced pro rata for years of benefit service (as defined in the Retirement Plan) less than 30 years, plus 22.5% of a participants average monthly
compensation in excess of his or her monthly Social Security covered compensation, reduced pro rata for years of benefit service less than 35 years. Average monthly compensation is the average
monthly compensation earned during the 60 consecutive months providing the highest such average during the last 120 months preceding the applicable determination date. The compensation used to
determine benefits under the Retirement Plan is generally a participants W-2 compensation, adjusted for certain amounts, but may not exceed the limit under the Internal Revenue Code which is applicable
to tax qualified plans ($265,000 for 2016). Compensation for each of the named executive officers during 2016 only includes $265,000 of the amount shown for 2016 in column (c) of the Summary Compensation Table. A participants Social
Security covered compensation is based on the average of the Social Security taxable wage bases in effect during the 35-year period ending with his attainment of the Social Security retirement age assuming his
compensation is and has always been at least equal to the taxable wage base.
RPM International Inc. (NYSE: RPM) owns subsidiaries that are world leaders in coatings, sealants, building materials and related services. From homes to precious landmarks worldwide, their brands are trusted by consumers and professionals alike to protect, improve and beautify. Among its leading consumer brands are Rust-Oleum, DAP and Zinsser. Learn more about RPM brands >>
RPM is a compelling long-term investment.
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