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PNC » Topics » All Other Compensation

This excerpt taken from the PNC DEF 14A filed Mar 19, 2009.

All Other Compensation

 

Name

    Perquisites & Other
Personal
Benefits
($)		    Registrant
Contributions to
Defined
Contribution
Plans
($)		    Insurance
Premiums
($)		    Tax
Reimbursements
($)		    Total to
SCT
($)

James E. Rohr

    $ 49,000    $ 18,800    $ 158,283    $ 6,015    $ 232,098

Richard J. Johnson

    $ 30,254    $ 18,800    $ 30,638    $ —      $ 79,692

William S. Demchak

    $ 49,000    $ 18,800    $ 49,329    $ —      $ 117,129

Joseph C. Guyaux

    $ 49,000    $ 18,800    $ 20,833    $ 1,620    $ 90,253

Timothy G. Shack

    $ 26,642    $ 18,800    $ 44,456    $ —      $ 89,898

 

    The dollar amount in the “Perquisites & Other Personal Benefits” column includes personal aircraft usage for Messrs. Rohr ($39,975), Johnson ($21,071), Demchak ($46,468), Guyaux ($24,719) and Shack ($14,195). Guests, such as spouses or family members, may accompany these officers on flights, although we do not assign an increased incremental cost to them. We calculate the incremental cost for personal use of the aircraft based on direct operating costs for each hour of flight and including any related pilot expenses. Direct operating costs include the costs of landing and parking, fuel and oil and maintenance. By contract, our maintenance costs are fixed per hour. The other costs are calculated by taking our expenses for the full year and dividing them by total flight hours for the year. These amounts only reflect the costs for personal flights not otherwise reimbursed by an executive under existing time sharing agreements.

 

    In addition to personal aircraft usage for the named executive officers, the following perquisite costs are included in the “Perquisites & Other Personal Benefits” column: Mr. Rohr (use of financial consultants, home security services); Mr. Johnson (use of financial consultants); Mr. Demchak (use of financial consultants); Mr. Guyaux (use of financial consultants, home security services, club dues); and Mr. Shack (use of financial consultants, home security services).

 

    The dollar amount in the “Registrant Contributions to Defined Contribution Plans” column includes our matching contribution to the ISP for all five named executive officers of $13,800 each. It also includes our matching contribution to the SISP for each named executive officer in the amount of $5,000.

 

    We pay premiums for most of our executive officers, including the named executive offices, in connection with our Key Executive Equity Plan, a split-dollar insurance arrangement. In addition, we pay long-term disability premiums on behalf of our named executive officers. The dollar amount in the “Insurance Premiums” column includes the 2008 net premiums we pay in connection with our Key Executive Equity Plan on behalf of Messrs. Rohr ($146,087); Johnson ($20,400); Demchak ($40,534); Guyaux ($9,292); and Shack ($33,282). These net premiums represent the full dollar amounts we pay for both the term and non-term portions of this plan, after any officer contributions. The amounts also include the long-term disability premiums we pay on behalf of Messrs. Rohr ($12,196); Johnson ($10,238); Demchak ($8,795); Guyaux ($11,541); and Shack ($11,174).

 

    For Messrs. Rohr and Guyaux, the dollar amounts in the “Tax Reimbursements” column include tax “gross-up” payments for dues we paid for club memberships in 2008. As discussed in the CD&A on page 60, our Personnel and Compensation Committee prohibited such tax “gross-up” payments starting in 2009.

 

71

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This excerpt taken from the PNC DEF 14A filed Mar 28, 2008.

All Other Compensation

 

Name

    Perquisites & Other
Personal
Benefits		    Registrant
Contributions to
Defined
Contribution
Plans		    Insurance
Premiums		    Tax
Reimbursements		    Total
All Other
Compensation

James E. Rohr

    $ 47,810    $ 18,500    $ 201,039    $ 4,560    $ 271,909

Richard J. Johnson

    $ 10,291    $ 17,200    $ 36,122    $ —      $ 63,613

William S. Demchak

    $ 47,090    $ 18,500    $ 52,189    $ —      $ 117,779

Joseph C. Guyaux

    $ 45,259    $ 18,500    $ 28,458    $ 1,560    $ 93,777

Timothy G. Shack

    $ 10,278    $ 18,500    $ 65,058    $ —      $ 93,836

Edward J. Kelly, III

    $ —      $ —      $ —      $ 6,964,714    $ 6,964,714

 

    The dollar amount in the “Perquisites & Other Personal Benefits” column includes personal aircraft usage for Messrs. Rohr ($33,333), Guyaux ($34,819) and Demchak ($32,091). We calculate the incremental cost for personal use of the aircraft based on direct operating costs for each hour of flight and including any related pilot expenses. Direct operating costs include the costs of landing and parking, fuel and oil and maintenance. By contract, our maintenance costs are fixed per hour. The other costs are calculated by taking our expenses for the full year and dividing them by total flight hours for the year. These amounts only reflect the costs for personal flights not otherwise reimbursed by the executive under the existing time sharing agreements.

 

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    In addition to personal aircraft usage for those three officers, the following perquisite costs are included in the “Perquisites & Other Personal Benefits” column: Mr. Rohr (club dues, use of financial consultants); Mr. Johnson (medical examination, use of financial consultants); Mr. Demchak (use of financial consultants); Mr. Guyaux (club dues, use of financial consultants); and Mr. Shack (home security services, use of financial consultants).

 

    The dollar amount in the “Registrant Contributions to Defined Contribution Plan” column includes our matching contribution to the ISP for Messrs. Rohr, Demchak, Guyaux and Shack ($13,500 each) and Johnson ($12,200). It also includes our matching contribution to the SISP for each named executive officer in the amount of $5,000.

 

    The dollar amount in the “Insurance Premiums” column includes the 2007 net premiums we pay in connection with our Key Executive Equity Plan on behalf of Messrs. Rohr ($183,076); Johnson ($20,400); Demchak ($40,534); Guyaux ($13,068); and Shack ($50,371). These net premiums represent the full dollar amounts we pay for both the term and non-term portions of this plan, after any officer contributions. The amounts also include the long-term disability premiums we pay on behalf of Messrs. Rohr ($17,963); Johnson ($15,722); Demchak ($11,655); Guyaux ($15,390); and Shack ($14,687).

 

    For Messrs. Rohr and Guyaux, the dollar amounts in the “Tax Reimbursements” column include tax “gross-up” payments for dues we pay for club memberships. For Mr. Kelly, the amount in this column includes “gross-up” payments to offset the impact of the excise tax imposed on Mr. Kelly under Section 280G of the Internal Revenue Code in connection with payments received upon the change in control of Mercantile Bankshares Corporation in 2007.

 

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This excerpt taken from the PNC DEF 14A filed Mar 23, 2007.

All Other Compensation

 

 

Name

   

Perquisites & Other
Personal

Benefits

   

Registrant
Contributions to
Defined

Contribution
Plans

   

Insurance

Premiums

   

Tax

Reimbursements

   

Total

All Other

Compensation

James E. Rohr

    $ 46,797    $ 18,200    $ 202,420    $ 4,500    $ 271,917

Richard J. Johnson

    $ 21,472    $ 14,231    $ 26,608    $ —      $ 62,311

William S. Demchak

    $ 54,678    $ 18,200    $ 49,335    $ —      $ 122,213

Joseph C. Guyaux

    $ 49,000    $ 18,200    $ 24,003    $ 1,500    $ 92,703

Timothy G. Shack

    $ 16,867    $ 18,200    $ 19,373    $ —      $ 54,440

 

The dollar amount in the perquisite column includes personal aircraft usage for Messrs. Rohr ($46,797), Guyaux ($36,134) and Demchak ($54,678). We calculate the incremental cost for personal use of the aircraft based on direct operating costs for each hour of flight and including any related pilot expenses. Direct operating costs include the costs of landing and parking, fuel and oil and maintenance. By contract, our maintenance costs are fixed per hour. The other costs are calculated by taking our expenses for the full year and dividing them by total flight hours for the year.

 

The contributions to defined contribution plans include our matching contribution to the ISP for Messrs. Rohr, Demchak, Guyaux and Shack ($13,200 each) and Johnson ($9,231). It also includes our matching contribution to the SISP for each named executive officer in the amount of $5,000.

 

The amounts in the insurance premiums column include the 2006 net premiums we pay in connection with our Key Executive Equity Plan on behalf of Messrs. Rohr ($191,477); Johnson ($20,400); Demchak ($40,534); Guyaux ($12,536); and Shack ($8,314). These net premiums represent the full dollar amounts we pay for both the term and non-term portions of this plan, after any officer contributions. The amounts also include the long-term disability premiums we pay on behalf of Messrs. Rohr ($10,943); Johnson ($6,208); Demchak ($8,801); Guyaux ($11,467); and Shack ($11,059).

 

The amounts in the tax reimbursements column include tax “gross-ups” for dues we pay for club memberships not used exclusively for business purposes.

 

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EXCERPTS ON THIS PAGE:

DEF 14A
Mar 19, 2009
DEF 14A
Mar 28, 2008
DEF 14A
Mar 23, 2007

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