UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No. )
Filed by the Registrant ☒
Filed by a Party other than the Registrant ☐
Check the appropriate box:
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☐
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Preliminary Proxy Statement
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☐
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
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☐
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Definitive Proxy Statement
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☒
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Definitive Additional Materials
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☐
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Soliciting Material under § 240.14a-12
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(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check all boxes that apply):
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☒
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No fee required
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☐
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Fee paid previously with preliminary materials
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☐
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Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11
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SUPPLEMENT TO PROXY STATEMENT
FOR ANNUAL GENERAL MEETING OF SHAREHOLDERS
TO BE HELD ON APRIL 26, 2024
Explanatory Note
On March 15, 2024, TechnipFMC plc (the “Company”) filed a definitive proxy statement on Schedule 14A (the “Proxy
Statement”) with the Securities and Exchange Commission in connection with its 2024 Annual General Meeting of Shareholders to be held on April 26, 2024 (the “Annual Meeting”). The Company is providing
this supplement (the “Supplement”) to supplement and amend the Proxy Statement solely to reflect updates to certain compensation information by reproducing:
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1.
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the Summary Compensation Table for the Year Ended December 31, 2023, originally set forth on pages 74-75 of the Proxy Statement, with changes to Fiscal Year 2022 in the columns titled “Stock Awards” and “Total” and footnote 2;
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2.
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the Grants of Plan-Based Awards Table, originally set forth on pages 75-76 of the Proxy Statement, with changes to the column titled “Grant Date Fair Value of Stock and Option Awards” for PSUs granted in
2023;
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3.
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the Pay Versus Performance Table, originally set forth on page 85 of the Proxy Statement, with changes to Fiscal Year 2022 in the columns titled “Summary Compensation Table Total for PEO” and “Average Summary
Compensation Table Total for Non-PEO NEOs,” and the discussion for the calculation of the Pay Versus Performance Table, with changes to Fiscal Year 2022 in the columns titled “PEO” and “Average non-PEO NEOs,” originally set forth on page 86
of the Proxy Statement; and
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4.
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the Security Ownership of Certain Beneficial Owners and Management, originally set forth on page 105 of the Proxy Statement, to reflect changes to footnote 2.
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Except as specifically discussed in this Explanatory Note, this Supplement does not otherwise modify or update any other disclosures presented in the Proxy Statement. This
Supplement should be read in conjunction with the Proxy Statement, and, from and after the date of this Supplement, any references to the “Proxy Statement” shall be deemed to include the Proxy Statement as amended by this Supplement. In addition,
this Supplement does not reflect events occurring after the date of the Proxy Statement or modify or update disclosures that may have been affected by subsequent events.
Changes to the Proxy Statement
Summary Compensation Table for the Year Ended December 31, 2023
The following table summarizes the compensation earned by each of the NEOs from all sources for services rendered in all of their capacities to the Company during the fiscal year ended December 31, 2023.
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Name and Principal Position
as of 12/31/2023 |
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Year
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Salary
($)1
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Stock Awards
($)2, 6
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Non-Equity
Incentive Plan
Compensation
($)3
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Change in Pension
Value and
Nonqualified
Deferred
Compensation
Earnings
($)4
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All Other
Compensation
($)5
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Total
($)
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|||||||||||||||||||||||
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Douglas J. Pferdehirt
Chair and CEO
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2023
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1,328,700
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12,436,674
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2,955,195
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341,926
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17,062,495
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||||||||||||||||||||||||
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2022
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1,236,000
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11,190,694
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2,077,407
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270,193
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14,774,294
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||||||||||||||||||||||||||||
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2021
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1,236,000
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17,629,477
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2,694,789
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373,416
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21,933,682
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Alf Melin
Chief Financial Officer
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2023
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700,000
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2,503,948
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1,102,500
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94,706
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119,018
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4,520,172
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|||||||||||||||||||||||
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2022
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650,000
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2,249,668
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786,500
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(249,849)
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57,155
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3,493,474
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2021
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650,000
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2,589,929
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988,915
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(8,626)
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56,783
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4,277,001
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Justin Rounce
Executive Vice President and Chief Technology Officer
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2023
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630,000
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2,253,554
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992,250
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90,230
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3,966,034
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2022
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600,000
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2,076,622
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726,000
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81,462
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3,484,084
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2021
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600,000
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3,649,495
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969,000
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111,776
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5,330,270
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Jonathan Landes
President, Subsea
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2023
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550,000
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1,639,478
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866,250
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109,865
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3,165,593
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2022
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525,000
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1,514,197
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635,250
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71,042
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2,745,489
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2021
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475,000
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1,593,115
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755,250
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57,588
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2,880,953
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Thierry Conti
President, Surface Technologies
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2023
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450,000
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670,674
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531,564
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333,387
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1,985,625
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2022
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—
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—
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—
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—
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—
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—
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2021
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—
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—
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—
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—
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—
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—
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||||||||||||||||||||||||||
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Victoria Lazar
Former Executive Vice President Chief Legal Officer and Secretary
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2023
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367,231
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1,240,030
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346,192
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507,556
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2,461,009
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||||||||||||||||||||||||
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2022
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500,000
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1,153,677
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555,000
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25,775
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2,234,452
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2021
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—
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—
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—
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|
|
—
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—
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—
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||||||||||||||||||||||||||
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(1)
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Salary represents contractual annual base salary.
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(2)
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In accordance with SEC regulations for the Summary Compensation Table, the “Stock Awards” column includes:
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|||||||||||||||||||||||||||||||||||||||||||||
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i.
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For each year, the sum of the aggregate grant date fair value of time-based RSUs and PSUs subject to either market-based (TSR) or performance-based (ROIC) vesting conditions. Determination of fair value was made in
accordance with FASB ASC Topic 718. With respect to PSUs subject to performance-based (ROIC) vesting conditions and time-based RSUs, the aggregate grant date fair value of such awards was based on the Company’s share price on the grant date
of the awards. With respect to PSUs subject to TSR market-based vesting conditions, the grant date fair value of such award was determined utilizing a Monte Carlo simulation as disclosed in our Annual Report on Form 10-K.
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ii.
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The maximum award value of PSUs granted in 2023 subject to performance-based (ROIC) conditions are shown in the table below. The methodology used in this table is the same as in the Summary Compensation Table for
the PSUs.
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Pferdehirt
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Melin
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Rounce
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Landes
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Conti
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||||||||||||||||||||||||||||||
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2023
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7,301,199
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1,469,999
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1,322,992
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962,487
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393,737
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|||||||||||||||||||||||||||||
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iii.
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Mrs. Lazar’s grant was forfeited in its entirety at the time of her departure.
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(3)
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Represents short-term incentive remuneration earned in 2023 and paid in March 2024.
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(4)
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The amounts shown in the Change in Pension Value column reflect the actuarial increase in the present value of the NEO’s benefits at the first retirement date with unreduced benefits (age 62 for U.S. pension
programs) under all of our pension plans. These amounts are determined using interest rates and mortality rate assumptions consistent with those disclosed in our Annual Report on Form 10-K.
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(5)
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The amounts reflected in the “All Other Compensation” column for the fiscal year ended December 31, 2023 represent:
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|||||||||||||||||||||||||||||||||||||||||||||
 |
Mr. Pferdehirt – contributions to the U.S. Qualified Savings Plan and U.S. Non-Qualified Savings Plan of $271,773, financial planning and personal tax assistance of $15,000, personal use of Company automobile of
$14,311, security services of $26,071, U.K. tax preparation of $4,437, Company-paid life insurance premium of $494, spousal travel of $9,841.
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Mr. Melin – contributions to the U.S. Qualified Savings Plan and U.S. Non-Qualified Savings Plan of $116,532, Company-paid life insurance premium of $260, and U.K. tax preparation of $2,226.
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Mr. Rounce – contributions to the U.S. Qualified Savings Plan and U.S. Non-Qualified Savings Plan of $88,649, security services of $1,346, and Company-paid life insurance premium of $234.
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Mr. Landes – contributions to the U.S. Qualified Savings Plan and U.S. Non-Qualified Savings Plan of $88,637, car allowance of $18,000, security services of $3,023, and Company-paid life insurance premium of $205.
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Mr. Conti – contributions to the U.S. Qualified Savings Plan and U.S. Non-Qualified Savings Plan of $45,399, car allowance of $31,932, Company-paid life insurance premium of $167, expatriate allowances and benefits
of $254,421, and tax equalization of $1,468.
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Ms. Lazar – contributions to the U.S. Qualified Savings Plan and U.S. Non-Qualified Savings Plan of $87,396, Company-paid life insurance premium of $13, U.K. tax preparation of $2,226, paid holidays not taken of
$65,310, severance payment during 2023 of $346,667, Company-paid COBRA installments of $4,695.80, and outplacement services of $1,250.
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|||||||||||||||||||||||||||||||||||||||||||||
| (6) |
The following table reflects updated information with respect to the column “Grant Date Fair Value of Stock and Option Awards” for plan-based awards made in 2022 to each NEO.
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Estimated Possible Payouts under
Non-Equity Incentive Plan Awards
|
Estimated Possible Payouts under
Equity Incentive Plan Awards
|
All Other
Stock Awards:
Number of
Shares of
Stock or
Units
(#)
|
Grant Date
Fair Value
of Stock
and Option
Awards($)3
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||||||||||||||||||||||||||||||
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Name
|
Award Type1
|
Grant Date
|
Threshold
($)
|
Target2
($)
|
Maximum
($)
|
Threshold4
(#)
|
Target
(#)
|
Maximum
(#)
|
|||||||||||||||||||||||||
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Douglas J. Pferdehirt
|
Annual Incentive
|
2022
|
1,668,600
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3,337,200
|
|||||||||||||||||||||||||||||
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RSU
|
3/8/2022
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369,289
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2,909,997
|
||||||||||||||||||||||||||||||
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PSU - TSR
|
3/8/2022
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107,710
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430,838
|
861,675
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4,885,697
|
||||||||||||||||||||||||||||
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PSU - ROIC
|
3/8/2022
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215,419
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430,838
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861,675
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3,395,000
|
||||||||||||||||||||||||||||
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Alf Melin
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Annual Incentive
|
2022
|
650,000
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1,300,000
|
|||||||||||||||||||||||||||||
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RSU
|
3/8/2022
|
74,238
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584,995
|
||||||||||||||||||||||||||||||
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PSU - TSR
|
3/8/2022
|
21,653
|
86,612
|
173,223
|
982,174
|
||||||||||||||||||||||||||||
|
PSU - ROIC
|
3/8/2022
|
43,306
|
86,612
|
173,223
|
682,499
|
||||||||||||||||||||||||||||
|
Justin Rounce
|
Annual Incentive
|
2022
|
600,000
|
1,200,000
|
|||||||||||||||||||||||||||||
|
RSU
|
3/8/2022
|
68,527
|
539,993
|
||||||||||||||||||||||||||||||
|
PSU - TSR
|
3/8/2022
|
19,988
|
79,950
|
159,899
|
906,627
|
||||||||||||||||||||||||||||
|
PSU - ROIC
|
3/8/2022
|
39,975
|
79,950
|
159,899
|
630,002
|
||||||||||||||||||||||||||||
|
Jonathan Landes
|
Annual Incentive
|
2022
|
525,000
|
1,050,000
|
|||||||||||||||||||||||||||||
|
RSU
|
3/8/2022
|
49,968
|
393,748
|
||||||||||||||||||||||||||||||
|
PSU - TSR
|
3/8/2022
|
14,574
|
58,296
|
116,592
|
661,077
|
||||||||||||||||||||||||||||
|
PSU - ROIC
|
3/8/2022
|
29,148
|
58,296
|
116,592
|
459,372
|
||||||||||||||||||||||||||||
|
Victoria Lazar
|
Annual Incentive
|
2022
|
500,000
|
1,000,000
|
|||||||||||||||||||||||||||||
|
RSU
|
3/8/2022
|
38,070
|
299,992
|
||||||||||||||||||||||||||||||
|
PSU - TSR
|
3/8/2022
|
11,104
|
44,417
|
88,833
|
503,683
|
||||||||||||||||||||||||||||
|
PSU - ROIC
|
3/8/2022
|
22,209
|
44,417
|
88,833
|
350,002
|
||||||||||||||||||||||||||||
| (1) |
“RSU” awards are time-based restricted stock unit awards, “PSU-TSR” awards are market-based restricted stock unit awards based on the TSR performance measure. The annual awards vest on March 8, 2025.
|
| (2) |
Each target award as a percentage of base salary: Mr. Pferdehirt – 135%; Mr. Melin - 100%; Mr. Rounce – 100%; Mr. Landes - 100%; and Ms. Lazar – 100%.
|
| (3) |
Grant date fair values were determined in accordance with FASB ASC Topic 718. With respect to PSUs subject to market-based (TSR) vesting conditions, the grant date fair value of such award was determined
utilizing a Monte Carlo simulation as disclosed in our Annual Report on Form 10-K.
|
| (4) |
Threshold for TSR is 25%, for ROIC is 50%.
|
Grants of Plan-Based Awards Table
Shown below is information with respect to plan-based awards made in 2023 to each NEO.
|
|
|
|
|
|
|
|
Estimated Possible Payouts
under Non-Equity Incentive
Plan Awards
|
|
|
Estimated Possible Payouts
under Equity Incentive
Plan Awards
|
|
|
All Other
Stock
Awards:
Number
of Shares
of Stock
or Units
(#)
|
|
|
Grant
Date Fair
Value of
Stock and
Option
Awards
($)3
|
|
|||||||||||||||
|
|
Name
|
|
|
Award
Type1
|
|
|
Grant
Date
|
|
|
Threshold
($)
|
|
|
Target
($)2
|
|
|
Maximum
($)
|
|
|
Threshold4
(#)
|
|
|
Target
(#)
|
|
|
Maximum
(#)
|
|
||||||
|
|
Douglas
J. Pferdehirt
|
|
|
Annual Incentive
|
|
|
2023
|
|
|
|
|
1,793,745
|
|
|
3,587,490
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
|
RSU
|
|
|
2/21/2023
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
223,346
|
|
|
3,129,077
|
|
|||||||||
|
|
PSU - TSR
|
|
|
2/21/2023
|
|
|
|
|
|
|
|
|
130,286
|
|
|
260,571
|
|
|
521,142
|
|
|
|
|
5,656,997
|
|
|||||||
|
|
PSU - ROIC
|
|
|
2/21/2023
|
|
|
|
|
|
|
|
|
130,286
|
|
|
260,571
|
|
|
521,142
|
|
|
|
|
3,650,600
|
|
|||||||
|
|
Alf Melin
|
|
|
Annual Incentive
|
|
|
2023
|
|
|
|
|
700,000
|
|
|
1,400,000
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
|
RSU
|
|
|
2/21/2023
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
44,967
|
|
|
629,988
|
|
|||||||||
|
|
PSU - TSR
|
|
|
2/21/2023
|
|
|
|
|
|
|
|
|
26,231
|
|
|
52,463
|
|
|
104,925
|
|
|
|
|
1,138,960
|
|
|||||||
|
|
PSU - ROIC
|
|
|
2/21/2023
|
|
|
|
|
|
|
|
|
26,231
|
|
|
52,463
|
|
|
104,925
|
|
|
|
|
735,000
|
|
|||||||
|
|
Justin
Rounce
|
|
|
Annual Incentive
|
|
|
2023
|
|
|
|
|
630,000
|
|
|
1,260,000
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
|
RSU
|
|
|
2/21/2023
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
40,471
|
|
|
566,999
|
|
|||||||||
|
|
PSU - TSR
|
|
|
2/21/2023
|
|
|
|
|
|
|
|
|
23,608
|
|
|
47,216
|
|
|
94,432
|
|
|
|
|
1,025,059
|
|
|||||||
|
|
PSU - ROIC
|
|
|
2/21/2023
|
|
|
|
|
|
|
|
|
23,608
|
|
|
47,216
|
|
|
94,432
|
|
|
|
|
661,496
|
|
|||||||
| Jonathan Landes |
Annual Incentive
|
2023 | 550,000 | 1,100,000 | ||||||||||||||||||||||||||||
| RSU | 2/21/2023 | 29,443 | 412,496 | |||||||||||||||||||||||||||||
| PSU - TSR | 2/21/2023 | 17,175 | 34,350 | 68,700 | 745,738 | |||||||||||||||||||||||||||
| PSU - ROIC | 2/21/2023 | 17,175 | 34,350 | 68,700 | 481,244 | |||||||||||||||||||||||||||
| Thierry Conti |
Annual Incentive
|
2023
|
337,500 |
675,000
|
||||||||||||||||||||||||||||
|
RSU
|
2/21/2023 | 12,044 | 168,736 | |||||||||||||||||||||||||||||
| PSU - TSR | 2/21/2023 |
7,026
|
14,052
|
28,104
|
305,069
|
|||||||||||||||||||||||||||
| PSU - ROIC | 2/21/2023 |
7,026
|
14,052 | 28,104 | 196,869 | |||||||||||||||||||||||||||
|
(1)
|
“RSU” awards are time-based restricted stock unit awards, “PSU-TSR and “PSU-ROIC” awards are market-based restricted stock unit awards based on the TSR and ROIC performance measure. The annual RSU awards vest
one-third on February 21, 2024, February 21, 2025, and February 21, 2026. The “PSU-TSR and “PSU-ROIC” awards vest on February 21, 2026.
|
|||||||||||||||||||||||||||
|
(2)
|
Each target award as a percentage of base salary: Mr. Pferdehirt – 135%; Mr. Melin - 100%; Mr. Rounce – 100%; Mr. Landes - 100%; and Mr. Conti – 75%.
|
|||||||||||||||||||||||||||
|
(3)
|
Grant date fair values were determined in accordance with FASB ASC Topic 718. With respect to PSUs subject to market-based (TSR) vesting conditions, the grant date fair value of such award was determined utilizing a
Monte Carlo simulation as disclosed in our Annual Report on Form 10-K.
|
|||||||||||||||||||||||||||
|
(4)
|
Threshold for TSR is 50%, for ROIC is 50%.
|
|||||||||||||||||||||||||||
This table excludes Ms. Lazar, who served as Executive Vice President, Chief Legal Officer and Secretary until July 31, 2023, and all outstanding awards were forfeited upon her departure.
Pay Versus Performance
The following table sets forth information concerning the compensation of our NEOs for each of the fiscal years ended December 31, 2020, 2021, 2022, and 2023, and our financial performance for each such fiscal year. The amounts represented under
“compensation actually paid” were computed in accordance with SEC rules. See footnote (1) and the explanations below for more information.
| | Year | | | Summary Compensation Table Total for PEO ($) | | | Compensation Actually Paid to PEO ($)1 | | | Average Summary Compensation Table Total for Non-PEO NEOs ($) | | | Average Compensation Actually Paid to Non-PEO NEOs ($)1 | | | Value of Initial Fixed $100 Investment Based on: | | | | | | |||||
| | FTI Total Shareholder Return ($) | | | OSX Total Shareholder Return ($)2 | | | Net Income ($) | | | Adjusted EBITDA Margin %3 | | |||||||||||||||
| | 2023 | | | | | | | | | | | | | | | | | | | | | | | | | |
| | 2022 | | | | | | | | | | | | | | | | | | | | | ( | | | | |
| | 2021 | | | | | | | | | | | | | | | | | | | | | | | | | |
| | 2020 | | | | | | | | | | | | | | | | | | | | | ( | | | | |
The increase in “compensation actually paid” from 2021 to 2022, and from 2022 to 2023 is primarily driven by the increase in the fair value of performance awards due to the increase in share price from $5.92 at December 31, 2021, $12.19 at December 31, 2022, and $20.14 at December 29, 2023.
| (1) | Amounts include (i) the year-end value of equity awards granted during the reported year, (ii) the change in the value of equity awards that were unvested at the end of the prior year, measured through the date the awards vested or were forfeited, or through the end of the reported fiscal year, and (iii) certain pension-related costs. The Non-PEO NEOs referenced in the table above are indicated in the table below for each fiscal year: |
| | Year | | | PEO | | | Non-PEO NEOs | | |
| | 2023 | | | | | | Alf Melin, Justin Rounce, Jonathan Landes, Victoria Lazar, and Thierry Conti | | |
| | 2022 | | | | | | Alf Melin, Justin Rounce, Jonathan Landes, and Victoria Lazar | | |
| | 2021 | | | | | | Alf Melin, Justin Rounce, Jonathan Landes, Barry Glickman, and Maryann Mannen | | |
| | 2020 | | | | | | Maryann Mannen, Justin Rounce, Barry Glickman, Arnaud Pieton, Catherine MacGregor, and Nello Uccelletti | |
| (2) | For the relevant fiscal year, represents the cumulative TSR of the OSX index for the applicable five-year period as set forth in our Annual Report on Form 10-K for each respective year. |
| (3) | |
To calculate the “compensation actually paid” in the table above, the following amounts were deducted or added (as applicable) to our NEO’s “Total” compensation reported in the Summary Compensation Table (“SCT”) for the applicable fiscal year:
| | | | 2020 | | | 2021 | | | 2022 | | | 2023 | | |||||||||||||
| | Adjustments | | | PEO | | | Average non- PEO NEOs | | | PEO | | | Average non- PEO NEOs | | | PEO | | | Average non- PEO NEOs | | | PEO | | | Average non- PEO NEOs | |
| | Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the SCT for Applicable FY | | | ( | | | ( | | | ( | | | ( | | | ( | | | ( | | | ( | | | ( | |
| | Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Increase/deduction for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End | | | ( | | | ( | | | | | | | | | | | | | | | | | | | |
| | Increase/deduction for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Deduction of ASC 718 Fair Value of Awards Granted during Prior FY that were Forfeited during Applicable FY, determined as of Prior FY End | | | | | | | | | | | | ( | | | | | | | | | | | | ( | |
| | Increase based on Dividends or Other Earnings Paid during Applicable FY prior to Vesting Date | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Increase/Decrease based on Incremental Fair Value of Options/SARs Modified during Applicable FY | | | | | | | | | ( | | | ( | | | | | | | | | | | | | |
| | Deduction for Change in the Actuarial Present Values reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the SCT for Applicable FY | | | | | | | | | | | | ( | | | | | | ( | | | | | | ( | |
| | Increase for Service Cost and, if applicable, Prior Service Cost for Pension Plans | | | | | | | | | | | | | | | | | | | | | | | | | |
| | TOTAL ADJUSTMENTS | | | ( | | | ( | | | ( | | | ( | | | | | | | | | | | | | |
Security Ownership
of Certain Beneficial Owners and Management
The following table shows, as of March 4, 2024, the number of our Ordinary Shares beneficially owned by each of our NEOs, directors, and all directors and executive officers as a group. No director or NEO beneficially owns more than 1% of our
Ordinary Shares, as designated in the “Percent of Class” column in the table below. Unless otherwise indicated, the address of each person is Hadrian House, Wincomblee Road, Newcastle upon Tyne, NE6 3PL, United Kingdom.
|
|
Name
|
|
|
Shares
|
|
|
Percent of Class1
|
|
|||
|
|
Claire S. Farley
|
|
|
159,6042
|
|
|
*
|
|
|||
|
|
Eleazar de Carvalho Filho
|
|
|
94,6012
|
|
|
*
|
|
|||
|
|
Thierry Conti
|
|
|
30,0013
|
|
|
*
|
|
|||
|
|
Robert G. Gwin
|
|
|
13,5312
|
|
|
*
|
|
|||
|
|
Jonathan Landes
|
|
|
41,0403
|
|
|
*
|
|
|||
|
|
Victoria Lazar
|
|
|
03
|
|
|
*
|
|
|||
|
|
Alf Melin
|
|
|
22,6113
|
|
|
*
|
|
|||
|
|
John O’Leary
|
|
|
118,6952
|
|
|
*
|
|
|||
|
|
Margareth Øvrum
|
|
|
65,7662
|
|
|
*
|
|
|||
|
|
Douglas J. Pferdehirt
|
|
|
2,793,1343
|
|
|
*
|
|
|||
|
|
Kay G. Priestly
|
|
|
114,2562
|
|
|
*
|
|
|||
|
|
Justin Rounce
|
|
|
361,4353
|
|
|
*
|
|
|||
|
|
John Yearwood
|
|
|
98,6382
|
|
|
*
|
|
|||
|
|
Sophie Zurquiyah
|
|
|
56,6282
|
|
|
*
|
|
|||
|
|
All current directors, current executive officers, and NEOs as a group (18 persons)
|
|
|
4,052,6944
|
|
|
0.93%
|
|
|||
|
*
|
Less than 1%
|
||||||||||
|
(1)
|
The calculation of percentage of ownership of each listed beneficial owner is based on 437,135,619 Ordinary Shares outstanding on March 4, 2024.
|
||||||||||
|
(2)
|
Includes Ordinary Shares owned by the non-employee director and vested. Ordinary Shares that are deferred shares under our incentive plan. As of March 4, 2024, the number of deferred Ordinary Shares credited to each
non-employee director under our incentive plan was as follows: Mr. de Carvalho Filho (46,391), Mses. Farley and Priestly and Mr. O’Leary (105,905), Mr. Gwin (13,531), Ms. Ovrum (65,766), Mr. Yearwood (34,420) and Ms. Zurquiyah (56,628). The
annual RSU grant vests after one year of service but is settled in Ordinary Shares on a date elected by the non-executive director that is either (a) after a period of one to ten years from the grant date or (b) upon their separation from
Board service. RSUs granted prior to 2021 vested after one year of service and will be settled upon separation from Board service. Directors have no power to vote or dispose of shares underlying the RSUs until they are distributed. Until such
distribution, these directors have an unsecured claim against us for such units.
|
||||||||||
|
(3)
|
Includes: (i) Ordinary Shares owned by the individual; and (ii) Ordinary Shares subject to stock options that are exercisable within 60 days of March 4, 2024. Mr. Pferdehirt’s ownership includes 80,304 Ordinary
Shares held by a family trust for the benefit of his children, and his spouse is trustee of the family trust. The Ordinary Shares included in item (ii), in the aggregate, amount to 970,547 Ordinary Shares for Mr. Pferdehirt, 13,760 Ordinary
Shares for Mr. Melin, 81,286 Ordinary Shares for Mr. Rounce, 18,190 Ordinary Shares for Mr. Landes, 0 for Mr. Conti, and 0 Ordinary Shares for Ms. Lazar.
|
||||||||||
|
(4)
|
Includes, in the aggregate, stock options to purchase 1,083,783 Ordinary Shares that are currently exercisable by our NEOs and other executive officers.
|
||||||||||
Additional Information
If you have already voted by Internet, telephone, or by mail, you do not need to take any action unless you wish to change your vote. Proxy voting
instructions already returned by stockholders (via Internet, telephone, or mail) will remain valid and will be voted at the Annual Meeting unless revoked. Important information regarding how to vote your shares and revoke proxies already cast is
available in the Proxy Statement under the caption “General Information about the Annual Meeting.”