(1)
Reflects the grant of RSUs in replacement of 2013 DuPont PSUs in accordance with the Employee Matters Agreements.
(2)
Reflects the grant of RSUs in replacement of 2014 DuPont PSUs in accordance with the Employee Matters Agreement.
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TABLE OF CONTENTS
(3)
The following table provides the vesting schedules of stock options outstanding as of December 31, 2015:
Stock Option Grant Date
|
|
|
Outstanding Vesting Dates
|
|
2/6/2013
|
|
|
Balance vests on February 6, 2016
|
|
2/5/2014
|
|
|
Vests in equal installments on February 5, 2016 and 2017
|
|
2/4/2015
|
|
|
Vests in equal installments on February 4, 2016, 2017 and 2018
|
|
7/6/2015
|
|
|
Balance vests on March 1, 2018
|
|
(4)
Consists solely of RSUs outstanding as of December 31, 2015. The following table provides the vesting schedules for such RSUs, including dividend-equivalent units:
Grant Date
|
|
|
Outstanding Vesting Dates
|
|
2/6/2013
|
|
|
Balance vests on February 6, 2016
|
|
8/6/2013
|
|
|
Balance vests on August 6, 2017
|
|
2/5/2014
|
|
|
Vests in equal installments on February 5, 2016 and 2017
|
|
10/27/2014
|
|
|
Vests in equal installments on October 27, 2016 and 2017
|
|
11/11/2014
|
|
|
Vests in equal installments on November 11, 2016 and 2017
|
|
2/4/2015
|
|
|
Vests in equal installments on February 4, 2016, 2017 and 2018
|
|
7/6/2015
|
|
|
Balance vests on March 1, 2016
|
|
7/6/2015
|
|
|
Balance vests on March 1, 2017
|
|
8/4/2015
|
|
|
Balance eligible to vest August 4, 2018 subject to the satisfaction of performance conditions
|
|
8/5/2015
|
|
|
Balance eligible to vest August 5, 2018 subject to the satisfaction of performance conditions
|
|
Option Exercises and Restricted Stock Vested
The table below identifies the number of shares of DuPont or Chemours common stock acquired upon the exercise of stock options and the vesting of RSUs during 2015.
|
|
|
Option Awards (1)
|
|
|
Stock Awards (2)
|
|
Name
|
|
|
Number of Shares Acquired
on Exercise (#)
|
|
|
Value Realized on
Exercise ($)
|
|
|
Number of Shares Acquired
on Vesting (#)
|
|
|
Value Realized on
Vesting ($)
|
|
Mark Vergnano
|
|
|
N/A
|
|
|
|
|
N/A
|
|
|
|
11,348 (DuPont)
|
|
|
|
$
|
859,191
|
|
|
Mark E. Newman
|
|
|
N/A
|
|
|
|
|
N/A
|
|
|
|
30,578 (Chemours)
|
|
|
|
$
|
180,116
|
|
|
Thierry Vanlancker
|
|
|
9,667 (DuPont)
|
|
|
|
$
|
252,522
|
|
|
|
1,599 (DuPont)
|
|
|
|
$
|
121,009
|
|
|
E. Bryan Snell
|
|
|
5,419 (DuPont)
|
|
|
|
$
|
150,773
|
|
|
|
1,838 (DuPont)
|
|
|
|
$
|
139,104
|
|
|
Beth Albright
|
|
|
N/A
|
|
|
|
|
N/A
|
|
|
|
24,415 (Chemours)
|
|
|
|
$
|
160,167
|
|
|
(1)
Represents the number of stock options exercised in 2015. The value realized upon exercise is calculated by multiplying the difference between the fair market value of the common stock at exercise and the option price by the number of options exercised.
(2)
Represents the number of RSUs vesting in 2015. The value realized upon vesting is computed by multiplying the number of units by the value of the underlying shares on the vesting date.
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TABLE OF CONTENTS
Pension Benefits (as of fiscal year ended December 31, 2015)
The table below shows the present value of accumulated benefits for the NEOs under pertinent retirement plans. For a completed understanding of the table, refer to the narrative discussion that follows.
Name
|
|
|
Plan Name
|
|
|
Number of Years
of Credited Service
|
|
|
Present Value of
Accumulated
Benefit
|
|
|
Payments During
Last Fiscal Year
|
|
|
|
|
Mark Vergnano
|
|
|
The Chemours Company
Pension Restoration Plan
|
|
|
|
|
34.8
|
|
|
|
|
$
|
6,554,937
|
|
|
|
|
$
|
143,707
|
|
|
|
|
|
Mark E. Newman (1)
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Thierry Vanlancker
|
|
|
DuPont Belgium (“DUBEL”)
Subsidiary Plan (2)
|
|
|
|
|
16.0
|
|
|
|
|
$
|
186,626
|
|
|
|
|
$
|
186,626
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(TPG) Supplement (3)
|
|
|
|
|
26.8
|
|
|
|
|
$
|
1,368,547
|
|
|
|
|
$
|
1,368,547
|
|
|
|
|
|
|
|
|
DuPont Switzerland (“DISA”)
Subsidiary Plan (4)
|
|
|
|
|
10.9
|
|
|
|
|
$
|
1,132,930
|
|
|
|
|
$
|
1,132,930
|
|
|
|
|
|
E. Bryan Snell
|
|
|
The Chemours Company
Pension Restoration Plan
|
|
|
|
|
37.0
|
|
|
|
|
$
|
1,202,601
|
|
|
|
|
$
|
24,930
|
|
|
|
|
|
Beth Albright (1)
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)
Mr. Newman and Ms. Albright were newly hired in 2014 and are not eligible to participate in a company-sponsored defined benefit pension plan.
(2)
On January 1, 2015 DuPont established a new pension plan for active employees in Belgium. Pension benefits for all inactive members, including Mr. Vanlancker, were converted to a personal pension with a private provider. The figure shown is the lump sum present value of the accrued benefit converted to a personal pension. The accrued benefit was denominated in euros and has been converted to U.S. dollars using the foreign exchange rate in effect on the date of conversion, December 31, 2014: 1.12876.
(3)
Chemours did not adopt the DuPont Transferee Pension Guide Policy at Separation. The present value of Mr. Vanlancker’s accrued benefit was calculated as of June 30, 2015 and DuPont made a lump-sum contribution of this amount into the DISA Subsidiary Plan. The accrued benefit was determined in Swiss francs and has been converted to U.S. dollars using the foreign exchange rate in effect on the date of conversion, June 30, 2015: 1.069477.
(4)
Chemours remained in the DISA plan until July 31, 2015. On that date, the present value of the accrued benefit within the DISA Plan was calculated and the resulting amount was transferred to an employer-sponsored defined contribution arrangement, the Trianon Collective Foundation. The amount shown is the present value of accrued benefits under the DISA Plan as of July 31, 2015, converted from Swiss francs to U.S. dollars using the foreign exchange rate in effect on that date: 1.037621.
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