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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
 

NONQUALIFIED DEFERRED COMPENSATION IN FISCAL YEAR 2018
Name
Executive
Contributions
in Last Fiscal
Year ($)(1)
 
Registrant
Contributions
in Last Fiscal
Year ($)(2)
 
Aggregate
Earnings
in Last
Fiscal
Year ($)
 
Aggregate
Balance
at Last
Fiscal Year-
End ($)(3)
Vincent A. Forlenza
299,058

 
24,300

 
420,918

 
4,005,344

Christopher R. Reidy
233,891

 
16,200
 
79,692

 
698,719

Patrick K. Kaltenbach
148,125

 
9,750
 
1,363

 
149,488

Samrat S. Khichi
0
 
0
 
0
 
0
Thomas E. Polen
103,447

 
24,300

 
8,520

 
459,907

 
 
 
 
 
 
 
 
(1)
The following amounts are reported as compensation in the fiscal year 2018 “Salary” column of the Summary Compensation Table appearing on page 37: Mr. Forlenza - $119,058; Mr. Reidy - $36,349; Mr. Kaltenbach - $148,125; and Mr. Polen - $50,947. The remaining executive contributions for Messrs. Forlenza, Reidy and Polen relate to the deferral of fiscal year 2017 PIP awards that were payable in 2018, and, for Mr. Reidy, the deferral of TVUs that vested in 2018.

(2)
Amounts in this column are included in the “All Other Compensation” column of the Summary Compensation Table and reflect matching credits that were earned by participants in 2018. These amounts are not credited to participant accounts until 2019.

(3)
Reflects amounts in which the named executive officer is vested. BD matching contributions fully vest after a participant has been at BD for four years.

Payments Upon Termination of Employment or Change In Control
Payments upon termination of employment
The following table shows the estimated payments and benefits that would be paid by BD to each of the named executive officers as a result of a termination of employment under various scenarios. The amounts shown assume termination of employment on September 30, 2018. However, the actual amounts that would be paid to these named executive officers under each scenario can only be determined at the time of actual termination.
 
Name
Termination
Without “Cause” or
for “Good Reason”
Following a
Change in Control($)(1)
 
Termination
due to
Retirement($)(2)
 
Termination
Without Cause($)(3)
 
Termination
due to
Disability($)(4)
 
Termination
due to Death($)(5)
Vincent A. Forlenza
78,604,959

 
 
61,810,706

 
 
63,732,918

 
 
61,066,073

 
 
63,466,073

 
Christopher R. Reidy
18,201,006

 
 
0
 
 
5,308,535

 
 
11,486,407

 
 
12,315,411

 
Patrick K. Kaltenbach
4,722,865

 
 
0
 
 
1,240,130

 
 
1,592,899

 
 
2,242,899

 
Samrat S. Khichi
10,342,073

 
 
0
 
 
3,368,208

 
 
3,367,281

 
 
3,967,281

 
Thomas E. Polen
17,604,257

 
 
0
 
 
4,451,607

 
 
9,092,847

 
 
9,950,847

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
Includes amounts payable under change in control employment agreements (which are described below), and, for Mr. Forlenza, amounts distributable under BD’s retirement plans, assuming payout as a lump sum. Also includes the accelerated vesting of equity compensation awards, which is discussed below. Includes for Mr. Kaltenbach the accelerated vesting of company matching contributions under the Restoration Plan. Includes for Mr. Khichi the remaining retention payments under his agreement with BD.

(2)
Includes amounts distributable under BD’s retirement plans, assuming payout as a lump sum, and the accelerated vesting of equity compensation awards upon retirement. Messrs. Reidy, Kaltenbach, Khichi and Polen were not eligible for retirement as of September 30, 2018.

(3)
Includes amounts distributable under BD’s retirement plans, assuming payout as a lump sum, the accelerated vesting of equity compensation awards, outplacement services (with an assumed maximum cost of $100,000), health and welfare benefits and severance benefits (assuming 18 months’ severance, as BD does not have a specific severance policy with respect to its executive officers). Includes for Mr. Khichi the remaining retention payments under his agreement with BD.


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