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PROXY
SUMMARY |
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This summary highlights information contained elsewhere in this Proxy Statement. This summary does not contain all of the information that you should consider before casting your vote. We encourage you to read the entire Proxy Statement for more information about these topics prior to voting.
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Proposal
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Board’s Voting
Recommendation |
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Page
Reference |
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2017 Annual
General Meeting of Shareholders Time and date: May 25, 2017 9:00 a.m. (Miami time) Place: Pullman Miami 5800 Blue Lagoon Drive Miami, Florida 33126 Record date: March 20, 2017 |
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| 1. Election of Class I directors | | |
✓ FOR
EACH NOMINEE |
| | 17 | | |||
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2. Approval, on a non-binding, advisory basis, of the compensation of our named executive officers
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✓ FOR
|
| | 54 | | |||
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3. Ratification of the appointment of PricewaterhouseCoopers LLP (“PwC”) as our independent registered certified public accounting firm for the year ending December 31, 2017 and the determination of PwC’s remuneration by the Audit Committee of the Board of Directors
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✓ FOR
|
| | 56 | |
Name
and Principal Occupation |
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Age
|
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Director
Since |
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Independent
|
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Committee
Membership |
| ||||||
|
AC
|
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CC
|
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NGC
|
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David M. Abrams Senior Managing Director, Cerberus European Capital Advisors, LLP |
| | 50 | | | 2014 | | | Yes | | | | | | | | |
✓
Chair |
|
John W. Chidsey Former Chairman and Chief Executive Officer, Burger King Corporation |
| | 54 | | | 2013 | | | Yes | | |
✓
|
| |
✓
Chair |
| |
✓
|
|
Russell W. Galbut
Managing Principal, Crescent Heights |
| | 64 | | | 2015 | | | Yes | | | | | |
✓
|
| | | |
Name
and Principal Occupation |
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Age
|
| |
Director
Since |
| |
Independent
|
| |
Committee
Membership |
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|
AC
|
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CC
|
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NGC
|
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Adam M. Aron Chief Executive Officer and President of AMC Entertainment Holdings, Inc. |
| | 62 | | | 2008 | | | No | | | | | | | | | | |
Stella David Former Chief Executive Officer of William Grant & Sons Limited |
| | 54 | | | 2017 | | | Yes | | | | | | | | |
✓
|
|
Walter L. Revell (Chairman) Chairman of the Board and Chief Executive Officer of Revell Investments International, Inc. |
| | 82 | | | 2005 | | | Yes | | |
✓
|
| | | | | | |
Name
and Principal Occupation |
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Age
|
| |
Director
Since |
| |
Independent
|
| |
Committee
Membership |
| ||||||
|
AC
|
| |
CC
|
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NGC
|
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Steve Martinez Senior Partner and Head of Asia Pacific Private Equity, Apollo Global Management, LLC |
| | 48 | | | 2008 | | | No | | | | | | | | | | |
Frank J. Del Rio President and Chief Executive Officer, Norwegian Cruise Line Holdings Ltd. |
| | 62 | | | 2015 | | | No | | | | | | | | | | |
Chad A. Leat Former Vice Chairman of Global Banking, Citigroup, Inc. |
| | 61 | | | 2015 | | | Yes | | |
✓
Chair |
| |
✓
|
| | | |
| Current Number of Board Members | | | 9 | |
| Average Tenure of Board Members | | | 4.7 Years | |
| Number of Independent Board Members | | | 6 | |
| Independent Board Chairman | | | Yes | |
| Fully Independent Board Committees | | | Yes | |
| Independent Directors Meet Regularly in Executive Session | | | Yes | |
| All Directors Attended at Least 75% of Meetings Held | | | Yes | |
| Shareholder Ability to Call Special Meetings | | | Yes | |
| Shareholder Ability to Act by Written Consent | | | Yes | |
| Majority Voting for Directors | | | Yes | |
| Board Risk Oversight | | | Yes | |
| Code of Conduct for Directors, Officers and Employees | | | Yes | |
| Annual Vote on Named Executive Officer Compensation | | | Yes | |
| Directors and Senior Officers Permitted to Hedge Company Shares | | | No | |
| Poison Pill | | | No | |
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Name
|
| |
Title
|
|
Frank J. Del Rio | | | President, Chief Executive Officer and Director | |
Walter L. Revell | | | Chairman of the Board | |
Chad A. Leat | | | Chairman of the Audit Committee | |
John W. Chidsey | | | Chairman of the Compensation Committee | |
David M. Abrams | | | Chairman of the Nominating and Governance Committee | |
| | |
Ordinary Shares
Beneficially Owned |
| |||||||||
Name and Address(1)
|
| |
Number
|
| |
Percent
|
| ||||||
Apollo Holders(2)
|
| | | | 36,103,782 | | | | | | 15.8% | | |
Star NCLC(3)
|
| | | | 25,398,307 | | | | | | 11.1% | | |
T. Rowe Price Associates, Inc.(4)
|
| | | | 23,165,587 | | | | | | 10.2% | | |
Capital International Investors(5)
|
| | | | 12,904,558 | | | | | | 5.7% | | |
The Vanguard Group(6)
|
| | | | 11,996,903 | | | | | | 5.3% | | |
TPG Viking Funds(7)
|
| | | | 5,329,834 | | | | | | 2.3% | | |
Steve Martinez(8)
|
| | | | — | | | | | | — | | |
Adam M. Aron
|
| | | | 2,167 | | | | | | * | | |
David M. Abrams
|
| | | | 4,221 | | | | | | * | | |
John W. Chidsey
|
| | | | 12,166 | | | | | | * | | |
Walter L. Revell
|
| | | | 14,821 | | | | | | * | | |
Stella David
|
| | | | — | | | | | | — | | |
Chad A. Leat
|
| | | | 8,879 | | | | | | * | | |
Russell W. Galbut(9)
|
| | | | 423,714 | | | | | | * | | |
| | |
Ordinary Shares
Beneficially Owned |
| |||||||||
Name and Address(1)
|
| |
Number
|
| |
Percent
|
| ||||||
Frank J. Del Rio(10)
|
| | | | 322,946 | | | | | | * | | |
Wendy A. Beck(11)
|
| | | | 537,780 | | | | | | * | | |
Robert Binder(12)
|
| | | | 17,025 | | | | | | * | | |
Andrew Stuart(13)
|
| | | | 484,979 | | | | | | * | | |
T. Robin Lindsay(14)
|
| | | | 87,590 | | | | | | * | | |
All current directors and current executive officers as a group (17 persons)(15)
|
| | | | 2,225,374 | | | | | | * | | |
| | |
Percentage Ownership
in Genting HK |
| |||
Golden Hope Limited (“GHL”)(a)
|
| | | | 70.78% | | |
Class
|
| |
Directors Comprising Class (1)
|
| |
Current Term Expiration Date
|
|
Class I | | |
David M. Abrams ♦
John W. Chidsey ♦ Russell W. Galbut ♦ |
| | 2017 Annual General Meeting | |
Class II | | |
Adam M. Aron(2)
Stella David ♦ Walter L. Revell ♦ |
| | 2018 Annual General Meeting | |
Class III | | |
Steve Martinez
Frank J. Del Rio Chad A. Leat ♦ |
| | 2019 Annual General Meeting | |
Name(1)
|
| |
Fees
Earned or Paid in Cash ($) |
| |
Stock
Awards ($)(2)(3) |
| |
Option
Awards ($) |
| |
Non-Equity
Incentive Plan Compensation ($) |
| |
Change in
Pension Value and Nonqualified Deferred Compensation Earnings ($) |
| |
All Other
Compensation ($) |
| |
Total
($) |
| |||||||||||||||||||||
Walter L. Revell
|
| | | | 195,000 | | | | | | 124,968 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 319,968 | | |
John W. Chidsey(4)
|
| | | | 160,165 | | | | | | 124,968 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 285,133 | | |
Steve Martinez
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Adam M. Aron
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Karl Peterson(5)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Kevin Crowe(6)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
F. Robert Salerno(7)
|
| | | | 79,063 | | | | | | 124,968 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 204,031 | | |
David M. Abrams
|
| | | | 115,165 | | | | | | 124,968 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 240,133 | | |
Russell W. Galbut(4)
|
| | | | 130,000 | | | | | | 124,968 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 254,968 | | |
Chad A. Leat(4)
|
| | | | 160,000 | | | | | | 124,968 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 284,968 | | |
Name
|
| |
Unvested
RSUs |
| |
Unvested
Restricted Shares |
| ||||||
Walter L. Revell
|
| | | | 2,155 | | | | | | — | | |
John W. Chidsey
|
| | | | 3,879 | | | | | | — | | |
Steve Martinez
|
| | | | — | | | | | | — | | |
Adam M. Aron
|
| | | | — | | | | | | — | | |
David M. Abrams
|
| | | | 2,155 | | | | | | 1,287 | | |
Russell W. Galbut
|
| | | | 3,017 | | | | | | — | | |
Chad A. Leat
|
| | | | 3,879 | | | | | | — | | |
|
Frank J. Del Rio
|
| | President and Chief Executive Officer | |
|
Wendy A. Beck
|
| | Executive Vice President and Chief Financial Officer | |
|
Robert Binder
|
| | Vice Chairman, Oceania Cruises and Regent, President and Chief Executive Officer, Oceania Cruises | |
|
Andrew Stuart
|
| | President and Chief Executive Officer, Norwegian | |
|
T. Robin Lindsay
|
| | Executive Vice President, Vessel Operations | |
| Alaska Air Group, Inc. | | | MGM Resorts International | |
| Brunswick Corporation | | | Royal Caribbean Cruises Ltd. | |
| Carnival Corporation | | | Darden Restaurants, Inc. | |
| Expedia, Inc. | | | Spirit Airlines, Inc. | |
| Hyatt Hotels Corporation | | | Starwood Hotels & Resorts Worldwide, Inc.(1) | |
| JetBlue Airways Corporation | | | Wyndham Worldwide Corporation | |
| Las Vegas Sands Corp. | | | Wynn Resorts, Limited | |
| Marriott International, Inc. | | | | |
| | |
2016
|
| |||||||||||||||||||||
Name
|
| |
Percentage of
Adjusted EPS and Adjusted ROIC Goal Achieved |
| |
Adjusted EPS
Payout (% of Base Salary) |
| |
Adjusted ROIC
Payout (% of Base Salary) |
| |
Total
Maximum Annual Cash Bonus (% of Base Salary) |
| ||||||||||||
Frank J. Del Rio
|
| | | | 95% | | | | | | 80% | | | | | | 20% | | | | | | 100% | | |
| | | 100% | | | | | | 160% | | | | | | 40% | | | | | | 200% | | | ||
| | | ≥102.5% | | | | | | 260% | | | | | | 40% | | | | | | 300% | | | ||
Wendy A. Beck
|
| | | | 95% | | | | | | 30% | | | | | | 7.5% | | | | | | 37.5% | | |
| | | 100% | | | | | | 60% | | | | | | 15% | | | | | | 75% | | | ||
| | | 102.5% | | | | | | 97.5% | | | | | | 15% | | | | | | 112.5% | | | ||
| | | 105% | | | | | | 135% | | | | | | 15% | | | | | | 150% | | | ||
Robert Binder
|
| | | | 95% | | | | | | 30% | | | | | | 7.5% | | | | | | 37.5% | | |
| | | 100% | | | | | | 60% | | | | | | 15% | | | | | | 75% | | | ||
| | | 102.5% | | | | | | 97.5% | | | | | | 15% | | | | | | 112.5% | | | ||
| | | 105% | | | | | | 135% | | | | | | 15% | | | | | | 150% | | | ||
Andrew Stuart
|
| | | | 95% | | | | | | 30% | | | | | | 7.5% | | | | | | 37.5% | | |
| | | 100% | | | | | | 60% | | | | | | 15% | | | | | | 75% | | | ||
| | | 102.5% | | | | | | 97.5% | | | | | | 15% | | | | | | 112.5% | | | ||
| | | 105% | | | | | | 135% | | | | | | 15% | | | | | | 150% | | | ||
T. Robin Lindsay
|
| | | | 95% | | | | | | 30% | | | | | | 7.5% | | | | | | 37.5% | | |
| | | 100% | | | | | | 60% | | | | | | 15% | | | | | | 75% | | | ||
| | | 102.5% | | | | | | 97.5% | | | | | | 15% | | | | | | 112.5% | | | ||
| | | 105% | | | | | | 135% | | | | | | 15% | | | | | | 150% | | |
|
Components of
Long-Term Equity Incentive Compensation |
| |
Characteristics
|
| |
Purpose
|
|
| Stock Options | | | Granted with an exercise price equal to the closing price of our ordinary shares on the NASDAQ Stock Market on the date of grant. In 2016, our NEOs (other than our President and Chief Executive Officer) received stock options that vest in annual installments over a three-year period, contingent upon continued employment. | | | Inherently performance-based by providing value only if our share price increases over time after the grant of an award. Motivates our executives to contribute to our long-term growth and profitability thereby creating value for our shareholders. Serves as a retention incentive. | |
| RSUs | | | Represent the right to receive a specified number of shares at the time the award vests. Value of RSUs fluctuates as the value of our ordinary shares increases or decreases. In 2016, our NEOs (other than our President and Chief Executive Officer) received RSUs that generally vest in annual installments over a three-year period, contingent upon continued employment. | | | Helps align our executive officers’ interests with those of our shareholders. Serves as a retention incentive. | |
| PSUs | | | Represent the right to receive a specified number of shares based on achievement of certain performance objectives approved by our Compensation Committee. In 2015, PSUs with multi-year, performance-based vesting conditions were awarded to our President and Chief Executive Officer. In 2017, PSUs with performance-based vesting conditions were awarded to our NEOs (other than our President and Chief Executive Officer). | | | Focuses our executive officers on the achievement of key financial operating objectives over a multi-year period. Adjusted EPS, Adjusted ROIC and/or share appreciation incentives align executive officer’s interests with those of our shareholders. Serves as a retention incentive. | |
Name and Principal Position
|
| |
Year
|
| |
Salary
($) |
| |
Bonus
($)(1) |
| |
Stock Awards
($)(2) |
| |
Option Awards
($)(3) |
| |
Non-Equity
Incentive Plan Compensation ($)(4) |
| |
All Other
Compensation ($)(5) |
| |
Total
($) |
| ||||||||||||||||||||||||
Frank J. Del Rio
President and Chief Executive Officer |
| | | | 2016 | | | | | | 1,500,000 | | | | | | — | | | | | | 625,000(6) | | | | | | 536,674(6) | | | | | | — | | | | | | 256,150 | | | | | | 2,917,824 | | |
| | | 2015 | | | | | | 1,837,500 | | | | | | — | | | | | | 10,276,315 | | | | | | 17,752,083 | | | | | | 1,903,799 | | | | | | 140,651 | | | | | | 31,910,348 | | | ||
| | | 2014 | | | | | | 201,923 | | | | | | 1,925,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 3,983 | | | | | | 2,130,906 | | | ||
Wendy A. Beck
Executive Vice President and Chief Financial Officer |
| | | | 2016 | | | | | | 650,000 | | | | | | — | | | | | | 943,313 | | | | | | 648,750 | | | | | | — | | | | | | 40,699 | | | | | | 2,282,762 | | |
| | | 2015 | | | | | | 624,849 | | | | | | — | | | | | | — | | | | | | 1,018,385 | | | | | | 483,595 | | | | | | 29,592 | | | | | | 2,156,421 | | | ||
| | | 2014 | | | | | | 543,323 | | | | | | 548,000 | | | | | | — | | | | | | 632,474 | | | | | | — | | | | | | 546,210 | | | | | | 2,270,007 | | | ||
Robert Binder
Vice Chairman, Oceania Cruises and Regent; President and Chief Executive Officer, Oceania Cruises |
| | | | 2016 | | | | | | 575,410 | | | | | | — | | | | | | 2,552,063 | | | | | | 648,750 | | | | | | — | | | | | | 21,046 | | | | | | 3,797,269 | | |
| | | 2015 | | | | | | 891,027 | | | | | | 757,500 | | | | | | — | | | | | | — | | | | | | 89,424 | | | | | | 22,506 | | | | | | 1,760,457 | | | ||
Andrew Stuart
President and Chief Executive Officer, Norwegian |
| | | | 2016 | | | | | | 650,000 | | | | | | — | | | | | | 1,479,563 | | | | | | 648,750 | | | | | | — | | | | | | 46,015 | | | | | | 2,824,328 | | |
| | | 2015 | | | | | | 627,833 | | | | | | — | | | | | | — | | | | | | 2,030,533 | | | | | | 484,793 | | | | | | 164,108 | | | | | | 3,307,267 | | | ||
| | | 2014 | | | | | | 515,086 | | | | | | 259,750 | | | | | | — | | | | | | 632,474 | | | | | | — | | | | | | 422,854 | | | | | | 1,830,164 | | | ||
T. Robin Lindsay
Executive Vice President, Vessel Operations |
| | | | 2016 | | | | | | 650,000 | | | | | | 250,000 | | | | | | 943,313 | | | | | | 648,750 | | | | | | — | | | | | | 42,515 | | | | | | 2,534,578 | | |
Name
|
| |
Automobile
($)(a) |
| |
401(k)
Employer Match ($)(b) |
| |
Executive
Medical Plan Premium ($)(c) |
| |
CEO
Benefits ($)(d) |
| |
Other
Benefits ($)(e) |
| |
Total
($) |
| ||||||||||||||||||
Frank J. Del Rio
|
| | | | 27,600 | | | | | | 12,975 | | | | | | 9,408 | | | | | | 204,870 | | | | | | 1,297 | | | | | | 256,150 | | |
Wendy A. Beck
|
| | | | 14,400 | | | | | | — | | | | | | 14,148 | | | | | | — | | | | | | 12,151 | | | | | | 40,699 | | |
Robert Binder
|
| | | | — | | | | | | — | | | | | | 4,824 | | | | | | — | | | | | | 16,222 | | | | | | 21,046 | | |
Andrew Stuart
|
| | | | 18,000 | | | | | | 12,975 | | | | | | 14,148 | | | | | | — | | | | | | 892 | | | | | | 46,015 | | |
T. Robin Lindsay
|
| | | | 14,400 | | | | | | 12,975 | | | | | | 9,408 | | | | | | — | | | | | | 5,732 | | | | | | 42,515 | | |
Name
|
| |
Grant Date
|
| |
Compensation
Committee Approval Date (If Different than Grant Date) |
| |
Estimated Potential Payouts Under
Non-Equity Incentive Plan Awards(1) |
| |
Estimated
Future Payouts Under Equity Incentive Plan Awards |
| |
All
Other Stock Awards: Number of Shares of Stock or Units(3) |
| |
All
Other Option Awards: Number of Securities Underlying Options(4) |
| |
Exercise
or Base Price of Option Awards |
| |
Grant Date
Fair Value of Stock and Option Awards(5) |
| ||||||||||||||||||||||||||||||||||||
|
Threshold
($) |
| |
Target
($) |
| |
Maximum
($) |
| |
Target
(#) |
| |
(#)
|
| |
(#)
|
| |
($/Sh)
|
| |
($)
|
| ||||||||||||||||||||||||||||||||||||||
Frank J. Del Rio | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
2016 Annual Cash Bonus
|
| | | | — | | | | | | — | | | | | | 1,500,000 | | | | | | 3,000,000 | | | | | | 4,500,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Option Awards – Performance-based
|
| | | | 3/3/2016 | | | | | | 8/4/2015 | | | | | | — | | | | | | — | | | | | | — | | | | | | 52,083(2) | | | | | | — | | | | | | — | | | | | | 59.43 | | | | | | 536,674 | | |
PSU Awards – Performance-based
|
| | | | 3/3/2016 | | | | | | 8/4/2015 | | | | | | — | | | | | | — | | | | | | — | | | | | | 12,500(2) | | | | | | — | | | | | | — | | | | | | — | | | | | | 625,000 | | |
Wendy A. Beck | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
2016 Annual Cash Bonus
|
| | | | — | | | | | | — | | | | | | 243,750 | | | | | | 487,500 | | | | | | 975,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Option Awards
|
| | | | 3/1/2016 | | | | | | 2/15/2016 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 37,500 | | | | | | 50.31 | | | | | | 648,750 | | |
RSU Awards
|
| | | | 3/1/2016 | | | | | | 2/15/2016 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 18,750 | | | | | | — | | | | | | — | | | | | | 943,313 | | |
Robert Binder | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
2016 Annual Cash Bonus
|
| | | | — | | | | | | — | | | | | | 215,779 | | | | | | 431,558 | | | | | | 863,115 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Option Awards
|
| | | | 3/1/2016 | | | | | | 2/15/2016 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 37,500 | | | | | | 50.31 | | | | | | 648,750 | | |
RSU Awards
|
| | | | 3/1/2016 | | | | | | 2/15/2016 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 18,750 | | | | | | — | | | | | | — | | | | | | 943,313 | | |
RSU Awards
|
| | | | 9/16/2016 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 45,000 | | | | | | — | | | | | | — | | | | | | 1,608,750 | | |
Andrew Stuart | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
2016 Annual Cash Bonus
|
| | | | — | | | | | | — | | | | | | 243,750 | | | | | | 487,500 | | | | | | 975,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Option Awards
|
| | | | 3/1/2016 | | | | | | 2/15/2016 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 37,500 | | | | | | 50.31 | | | | | | 648,750 | | |
RSU Awards
|
| | | | 3/1/2016 | | | | | | 2/15/2016 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 18,750 | | | | | | — | | | | | | — | | | | | | 943,313 | | |
RSU Awards
|
| | | | 9/16/2016 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 15,000 | | | | | | — | | | | | | — | | | | | | 536,250 | | |
T. Robin Lindsay | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
2016 Annual Cash Bonus
|
| | | | — | | | | | | — | | | | | | 243,750 | | | | | | 487,500 | | | | | | 975,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Option Awards
|
| | | | 3/1/2016 | | | | | | 2/15/2016 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 37,500 | | | | | | 50.31 | | | | | | 648,750 | | |
RSU Awards
|
| | | | 3/1/2016 | | | | | | 2/15/2016 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 18,750 | | | | | | — | | | | | | — | | | | | | 943,313 | | |
| | |
Option Awards
|
| |
Stock Awards
|
| ||||||||||||||||||||||||||||||||||||||||||||||||
Name
|
| |
Number of
Securities Underlying Unexercised Options Exercisable (#) |
| |
Number of
Securities Underlying Unexercised Options Unexercisable (#) |
| |
Equity
Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options(1) (#) |
| |
Option
Exercise Price ($/Sh) |
| |
Option
Expiration Date |
| |
Number of
Shares or Units of Stock That Have Not Vested(2) (#) |
| |
Market
Value of Shares or Units of Stock That Have Not Vested(3) ($) |
| |
Equity
Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested(1) (#) |
| |
Equity
Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested(3) ($) |
| |||||||||||||||||||||||||||
Frank J. Del Rio
|
| | | | 52,083 | | | | | | 625,000(4) | | | | | | 572,917 | | | | | | 59.43 | | | | | | 8/3/2025 | | | | | | 112,500(4) | | | | | | 4,784,625 | | | | | | 137,500 | | | | | | 5,847,875 | | |
Wendy A. Beck
|
| | | | 204,795 | | | | | | — | | | | | | — | | | | | | 19.00 | | | | | | 1/17/2020 | | | | | | 18,750(8) | | | | | | 797,438 | | | | | | — | | | | | | — | | |
| | | 37,500 | | | | | | 12,500(5) | | | | | | — | | | | | | 30.95 | | | | | | 6/30/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | ||
| | | 20,000 | | | | | | 20,000(6) | | | | | | — | | | | | | 31.90 | | | | | | 6/30/2024 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | ||
| | | 16,666 | | | | | | 33,334(6) | | | | | | — | | | | | | 56.19 | | | | | | 6/30/2025 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | ||
| | | — | | | | | | 37,500(7) | | | | | | — | | | | | | 50.31 | | | | | | 2/28/2026 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | ||
Robert Binder
|
| | | | — | | | | | | 37,500(7) | | | | | | — | | | | | | 50.31 | | | | | | 2/28/2026 | | | | | | 18,750(8) | | | | | | 797,438 | | | | | | — | | | | | | — | | |
| | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 45,000(9) | | | | | | 1,913,850 | | | | | | — | | | | | | — | | | ||
Andrew Stuart
|
| | | | 160,551 | | | | | | — | | | | | | — | | | | | | 19.00 | | | | | | 1/17/2020 | | | | | | 18,750(8) | | | | | | 797,438 | | | | | | — | | | | | | — | | |
| | | 37,500 | | | | | | 12,500(5) | | | | | | — | | | | | | 30.95 | | | | | | 6/30/2023 | | | | | | 15,000(9) | | | | | | 637,950 | | | | | | — | | | | | | — | | | ||
| | | 20,000 | | | | | | 20,000(6) | | | | | | — | | | | | | 31.90 | | | | | | 6/30/2024 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | ||
| | | 25,000 | | | | | | 75,000(10) | | | | | | — | | | | | | 50.17 | | | | | | 4/27/2025 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | ||
| | | — | | | | | | 37,500(7) | | | | | | — | | | | | | 50.31 | | | | | | 2/28/2026 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | ||
T. Robin Lindsay
|
| | | | 16,666 | | | | | | 33,334(6) | | | | | | — | | | | | | 56.19 | | | | | | 6/30/2025 | | | | | | 18,750(8) | | | | | | 797,438 | | | | | | — | | | | | | — | | |
| | | — | | | | | | 37,500(7) | | | | | | — | | | | | | 50.31 | | | | | | 2/28/2026 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | |
Option Awards
|
| |
Stock Awards
|
| ||||||||||||||||||
Name
|
| |
Number of Shares
Acquired on Exercise (#) |
| |
Value Realized
on Exercise ($) |
| |
Number of Shares
Acquired on Vesting (#) |
| |
Value Realized
on Vesting ($)(1) |
| ||||||||||||
Frank J. Del Rio
|
| | | | — | | | | | | — | | | | | | 50,000(2) | | | | | | 2,119,000 | | |
Wendy A. Beck
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Robert Binder
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Andrew Stuart
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
T. Robin Lindsay
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Name
|
| |
Plan
Name |
| |
Executive
Contributions in FY 2016 ($) |
| |
Registrant
Contributions in FY 2016 ($) |
| |
Aggregate
Earnings in FY 2016 ($)(2) |
| |
Aggregate
Withdrawals/ Distributions ($) |
| |
Aggregate
Balance at End FY 2016 ($) |
| ||||||||||||||||||
Andrew Stuart
|
| | | | SERP(1) | | | | | | — | | | | | | — | | | | | | 5,609 | | | | | | — | | | | | | 447,250 | | |
| | | | | SMRSP(1) | | | | | | — | | | | | | — | | | | | | 1,091 | | | | | | — | | | | | | 86,961 | | |
Name
|
| |
Voluntarily
Termination or Termination for Cause ($) |
| |
Death,
Disability or Retirement ($) |
| |
Termination
Without Cause or Good Reason ($) |
| |
Change in
Control Termination ($) |
| |||||||||
Frank J. Del Rio | | | | | | |||||||||||||||||
Severance Payment
|
| |
—
|
| | | | — | | | | | | 9,000,000 | | | | | | — | | |
Insurance Continuation
|
| |
—
|
| | | | — | | | | | | 23,561 | | | | | | — | | |
Equity Acceleration
|
| |
—
|
| | | | 803,992(1) | | | | | | 10,632,500(2) | | | | | | — | | |
Miscellaneous Benefit Continuation
|
| |
—
|
| | | | — | | | | | | 148,000 | | | | | | — | | |
Gross-Up Payment
|
| |
—
|
| | | | — | | | | | | — | | | | | | — | | |
Wendy A. Beck | | | | | | |||||||||||||||||
Severance Payment
|
| |
—
|
| | | | — | | | | | | 1,300,000 | | | | | | 1,300,000 | | |
Insurance Continuation
|
| |
—
|
| | | | — | | | | | | 26,655 | | | | | | 26,655 | | |
Equity Acceleration
|
| |
—
|
| | | | — | | | | | | — | | | | | | 1,154,788(3) | | |
Robert Binder | | | | | | |||||||||||||||||
Severance Payment
|
| |
—
|
| | | | — | | | | | | 1,300,000 | | | | | | 1,300,000 | | |
Insurance Continuation
|
| |
—
|
| | | | — | | | | | | 17,671 | | | | | | 17,671 | | |
Equity Acceleration
|
| |
—
|
| | | | — | | | | | | — | | | | | | 2,711,288(3) | | |
Andrew Stuart | | | | | | |||||||||||||||||
Severance Payment
|
| |
—
|
| | | | — | | | | | | 1,300,000 | | | | | | 1,300,000 | | |
Insurance Continuation
|
| |
—
|
| | | | — | | | | | | 26,655 | | | | | | 26,655 | | |
Equity Acceleration
|
| |
—
|
| | | | — | | | | | | — | | | | | | 1,792,738(3) | | |
T. Robin Lindsay | | | | | | |||||||||||||||||
Severance Payment
|
| |
—
|
| | | | — | | | | | | 1,300,000 | | | | | | 1,300,000 | | |
Insurance Continuation
|
| |
—
|
| | | | — | | | | | | 17,671 | | | | | | 17,671 | | |
Equity Acceleration
|
| |
—
|
| | | | — | | | | | | — | | | | | | 797,438(3) | | |
Plan Category
|
| |
Number of Securities to
Be Issued Upon Exercise of Outstanding Options, Warrants and Rights (a)(1) |
| |
Weighted-Average
Exercise Price of Outstanding Options, Warrants and Rights (b)(2) |
| |
Number of Securities
Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (a)) (c)(3) |
| |||||||||
Equity compensation plans approved by
security holders |
| | | | 10,233,621 | | | | | $ | 47.59 | | | | | | 15,722,081 | | |
Equity compensation plans not approved
by security holders |
| | | | — | | | | | | — | | | | | | — | | |
Total | | | | | 10,233,621 | | | | | $ | 47.59 | | | | | | 15,722,081 | | |
| | |
Total Fees
Year Ended December 31, |
| |||||||||
| | |
2016
|
| |
2015
|
| ||||||
| | |
(in thousands)
|
| |||||||||
Audit fees
|
| | | $ | 5,608 | | | | | $ | 5,155 | | |
Audit-related fees
|
| | | | 290 | | | | | | 1,336 | | |
Tax fees
|
| | | | 500 | | | | | | 264 | | |
All other fees
|
| | | | 180 | | | | | | 2 | | |
Total | | | | $ | 6,578 | | | | | $ | 6,757 | | |
|
|
By Order of the Board of Directors,
Daniel S. Farkas
Senior Vice President, General Counsel and Assistant Secretary |
|