Print Page     Close Window     

SEC Filings / Section 16 Reports

DEF 14A
BECTON DICKINSON & CO filed this Form DEF 14A on 12/03/2018
Entire Document
 

below, since the aggregate incremental costs of spousal travel were minimal. Directors are also reimbursed for attending director education courses. BD may also invite spouses of directors to Board-related business events, for which they are reimbursed their travel expenses. Directors are also eligible, on the same basis as BD associates, to participate in BD’s Matching Gift Program, pursuant to which BD matches contributions made to qualifying nonprofit organizations. The aggregate limit per participant is $5,000 per calendar year.
The following table sets forth the compensation earned or received by BD’s non-management directors during fiscal year 2018.
Fiscal Year 2018 Non-Management Directors’ Compensation
Name
 
Fees earned
or paid
 in cash($)(1) 
 
Stock
awards($)(2)
 
All
other
($)(3)
 
Total($)
Catherine M. Burzik
 
118,387

 
220,862

 
5,000

 
344,249

R. Andrew Eckert
 
103,387

 
220,862

 
5,000

 
329,249

Claire M. Fraser
 
123,387

 
220,862

 
0

 
344,249

Jeffrey W. Henderson
 
23,733

 
95,743

 
0

 
119,476

Christopher Jones
 
103,387

 
220,862

 
5,000

 
329,249

Marshall O. Larsen
 
158,387

 
220,862

 
0

 
379,249

Gary A. Mecklenburg
 
118,387

 
220,862

 
5,000

 
344,249

David F. Melcher
 
80,016

 
234,776

 
0

 
300,878

Willard J. Overlock, Jr.
 
103,387

 
220,862

 
0

 
324,249

Claire Pomeroy
 
103,387

 
220,862

 
5,000

 
329,249

Rebecca W. Rimel
 
103,387

 
220,862

 
0

 
324,249

Timothy M. Ring
 
80,016

 
234,776

 
0

 
300,878

Bertram L. Scott
 
123,387

 
220,862

 
5,000

 
321,611

___________________________________________
(1)
Reflects (i) cash retainer; (ii) annual Committee chair fees for Ms. Burzik, Dr. Fraser and Messrs. Larsen, Mecklenburg and Scott; and (iii) Lead Director fee for Mr. Larsen.
(2)
The amounts shown in the “Stock awards” column reflect the grant date fair value under FASB ASC Topic 718 of restricted stock units awarded to non-management directors during the fiscal year. Since the average BD closing stock price for the 30 trading days prior to grant is used to value the award and determine the number of units granted, rather than the grant date stock price, the amounts reflected for the annual grant made following the 2018 Annual Meeting of Shareholders are higher than the $209,000 target award value. For a discussion of the assumptions made by us in arriving at the grant date fair value of these awards, see Note 7 to the consolidated financial statements that are included in our Annual Report on Form 10-K for the fiscal year ended September 30, 2018. Also includes for Messrs. Melcher and Ring the prorated grants made to them upon joining the Board in December 2017.
Listed below are the aggregate outstanding restricted stock unit awards held by each non-management director at the end of fiscal year 2018. The amounts shown include restricted stock units granted prior to January 2015 that are not distributable until the director leaves the Board.
Name
 
Stock Awards Outstanding at September 30, 2018 (#)
Catherine M. Burzik
 
4,896

R. Andrew Eckert
 
950

Claire M. Fraser
 
17,893

Christopher Jones
 
10,688

Jeffrey W. Henderson
 
384

Marshall O. Larsen
 
15,969

Gary A. Mecklenburg
 
21,743

David F. Melcher
 
2,228

Willard J. Overlock, Jr.
 
24,873

Claire Pomeroy
 
2,346

Rebecca W. Rimel
 
6,151

Timothy M. Ring
 
1,006

Bertram L. Scott
 
23,280

(3)
 Amounts shown represent matching gifts under BD’s Matching Gift Program.

13