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SEC Filings / Section 16 Reports

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

COMPENSATION OF NAMED EXECUTIVE OFFICERS
The following table shows the compensation provided by BD to each of the named executive officers in fiscal year 2018.
Fiscal Year 2018 Summary Compensation Table
Name and
Principal Position
 
Year
 
Salary($)
 
Bonus ($)
 
Stock
Awards
($)(1)
 
SAR
Awards
($)(1)
 
Non-Equity
Incentive Plan
Compensation
($)(2)
 
Change in
Pension Value
and
Nonqualified
Deferred
Compensation
Earnings
($)(3)
 
All
Other
Compensation
($)(4)
 
Total ($)
Vincent A. Forlenza
 
2018
 
1,191,250

 
0

 
6,693,896

 
4,423,618

 
1,980,000

 
646,672

 
38,045

 
14,973,481

  Chairman and
 
2017
 
1,153,750

 
0

 
5,641,827

 
3,794,598

 
1,800,000

 
631,381

 
37,284

 
13,058,840

  Chief Executive Officer
 
2016
 
1,105,000

 
0

 
5,722,028

 
4,572,671

 
2,000,000

 
485,787

 
44,975

 
13,930,461

Christopher R. Reidy
 
2018
 
818,200

 
0

 
1,992,275

 
1,316,570

 
902,785

 
121,039

 
28,575

 
5,179,444

  Executive Vice President,
 
2017
 
778,230

 
0

 
1,642,074

 
1,104,268

 
950,000

 
108,790

 
41,000

 
4,624,362

  Chief Financial Officer and
 
2016
 
746,568

 
0

 
1,526,731

 
1,219,994

 
886,300

 
96,148

 
48,725

 
4,524,466

  Chief Administrative Officer
 

 

 
 
 

 

 

 

 

 

Patrick K. Kaltenbach(5)
 
2018
 
216,667

 
2,000,000(6)
 
1,664,189

 
1,123,227

 
205,685

 
0

 
8,809

 
5,218,577

  Executive Vice President,
 

 

 
 
 

 

 

 

 

 

  and President, Life Sciences
 

 

 
 
 

 

 

 

 

 

Samrat S. Khichi(5)
 
2018
 
450,000

 
1,051,343(7)
 
1,047,147

 
692,864

 
371,250

 
0

 
20,175

 
3,749,878

  Executive Vice President
 

 

 
 
 

 

 

 

 

 

  and General Counsel
 

 

 
 
 

 

 

 

 

 

Thomas E. Polen
 
2018
 
849,750

 
0

 
2,231,614

 
1,474,555

 
1,132,560

 
102,975

 
37,675

 
5,829,129

  President and
 
2017
 
761,417

 
0

 
1,492,748

 
1,003,887

 
875,000

 
83,660

 
36,000

 
4,252,712

   Chief Operating Officer
 
2016
 
651,000

 
0

 
953,697

 
762,112

 
748,600

 
101,723

 
43,725

 
3,260,857

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
Stock Awards and SAR Awards. The amounts shown in the “Stock Awards” column (which includes Performance Units and TVUs) and “SAR Awards” column reflect the grant date fair value of the awards under FASB ASC Topic 718 (disregarding estimated forfeitures). For a description of the methodology and assumptions used to determine the amounts reflected in these columns, see Note 7 to the consolidated financial statements contained in our Annual Report on Form 10-K for the fiscal year ended September 30, 2018.
The amounts included in the “Stock Awards” column for the Performance Units awarded in 2018 reflect the grant date fair values of these awards at target payout, which we believe is the most probable outcome based on the applicable performance conditions. Below are the grant date fair values of these awards, assuming a maximum payout of 200% of target:
Name
Grant Date Fair
Value at
Target Payout ($)
 
Grant Date Fair
Value at
Maximum Payout ($)
Vincent A. Forlenza
4,488,813
 
8,977,626
Christopher R. Reidy
1,335,971
 
2,671,943
Patrick K. Kaltenbach
1,109,234
 
2,218,468
Samrat S. Khichi
701,930
 
1,403,861
Thomas E. Polen
1,496,440
 
2,992,880
(2)
Non-Equity Incentive Plan Compensation. Includes amounts earned under BD’s PIP. These amounts are paid in January following the fiscal year in which they are earned, unless deferred at the election of the named executive officer.
(3)
Change in Pension Value and Nonqualified Deferred Compensation Earnings.
Pension—Amounts shown are the aggregate changes in the actuarial present value of accumulated benefits under our defined benefit pension plans (including our nonqualified Restoration Plan). These amounts represent the difference between the present value of accumulated pension benefits (determined as of the first date on which the executives are eligible to retire and commence unreduced benefit payments) at the beginning and end of the fiscal years shown. Messrs. Kaltenbach and Khichi do not participate in our defined benefit pension plans, which were closed to new participants effective January 1, 2018. Information regarding our retirement plans begins on page 43.

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