Pentair Plc. · NYSE:PNR
Pentair — Shareholder Meeting (April 2019)
10 slides from Pentair's shareholder meeting presentation, Apr 15, 2019
Slide 1: Caution Concerning Forward-Looking Statements
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS This presentation contains statements that we believe to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact are forward-looking statements.
Slide 2: Agenda
Agenda •What We Stand For •Governance •Compensation Program 3 ©2019 Pentair
Slide 3: What We Stand For
What We Stand For PURPOSE We believe the health of our world depends on reliable access to clean, safe water MISSION Pentair delivers smart, sustainable solutions that empower our customers to make the most of life’s essential resource VISION To be the leading residential and commercial water treatm
Slide 4: Board Overview
Board Overview Average Tenure < 7 Years 2 of 8 Directors are Women All Directors (Except CEO) are Independent 5 ©2019 Pentair A Variety of Diverse, Rich Backgrounds and Financial and Management Experience The Board is led by an independent Chairman, regularly meets in executive session, and has dire
Slide 5: Governance Highlights
Governance Highlights Independent Board Leadership, via an independent, non-executive Chairman of the Board and all independent directors on committees Annual Election of Directors Majority Voting, the vote requirement for director elections, except in the case of a contested election Proxy Access,
Slide 6: Highlights of Compensation-Related Actions for New Pentair
Highlights of Compensation-Related Actions for New Pentair Selected new executive compensation comparator group based on new company size1 Established new pay ranges and approved compensation for new CEO and new leadership team Replaced legacy Key Executive Employment and Separation Agreements Elimi
Slide 7: Performance-Based Pay
Performance-Based Pay 1 2018 Annual Incentive Measures: 50% Segment Income, 30% Revenue, 20% Free Cash Flow 2 2018-2020 Performance Share Unit Measures: 75% Adjusted EPS, 25% Average ROE; Average ROE to be replaced with ROIC in 2019 8 ©2019 Pentair Majority of Executive Compensation At Risk Chief Ex
Slide 8: Our Executive Compensation Program
Our Executive Compensation Program Annual Shareholder Outreach Program to seek input and feedback on executive compensation Independent Consultant, hired by and reporting to the Compensation Committee and evaluated periodically Comparator Group (“peer group”) evaluated annually, based on industry an
Slide 9: Our Executive Compensation Program
Our Executive Compensation Program hat We Do What We Don’t Do yy Annual Shareholder Outreach Programto seek —y¢_—« NO KEESA Single-Trigger Equity Vesting input and feedback on executive compensation Independent Consultant, hired by and reportingto x No Excise Tax Gross-ups Y the Compensation Committ
Slide 10: Thank You
> PENTAIR THANK YOU wwwpentair.com