William Levis

Insider

First SEC filing: Dec. 10, 2010 · Latest: Dec. 10, 2010

On this page

Insider at Companies where this person is a reporting insider.
Insider transactions Every share this person bought or sold, from Form 4 filings.
Derivatives Options and other derivative holdings reported by this person.
Initial holdings The stakes this person held when they first started reporting.
Compensation Executive pay disclosed in company proxy statements.

Insider at

PEG selling March 14, 2017

Insider transactions

0 buys (P) 0 sells (S) Net: $0 + 29 non-open-market transactions below last 12 months, based on the transactions shown below

Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted

29 other filings hidden

Date	Ticker	Code	Shares	Price	Value	Owned after	Δ own	A/D	vs now
Sept. 12, 2017	PEG	G	550	—	—	134,033 Direct	-0.41%	Disposed	(price as of 2026-08-19)
Sept. 12, 2017	PEG	G	5,500	—	—	128,533 Direct	-4.10%	Disposed	(price as of 2026-08-19)
March 14, 2017	PEG	S	30,000	$44.40	$1,332,000	133,904 Direct	-18.30%	Disposed	70.6% (price as of 2026-08-19)
March 2, 2017	PEG	A	27,407	$45.52	$1,247,567	145,811 Direct	+23.15%	Acquired	66.4% (price as of 2026-08-19)
March 2, 2017	PEG	A	18,093	$45.52	$823,593	163,904 Direct	+12.41%	Acquired	66.4% (price as of 2026-08-19)
March 1, 2017	PEG	M	3,500	$44.44	$155,540	122,683 Direct	+2.94%	Acquired	70.4% (price as of 2026-08-19)
March 1, 2017	PEG	S	3,500	$45.41	$158,935	119,183 Direct	-2.85%	Disposed	66.8% (price as of 2026-08-19)
March 1, 2017	PEG	M	3,500	—	—	0 Direct	-100.00%	Disposed	(price as of 2026-08-19)
Feb. 21, 2017	PEG	A	8,460	$44.33	$375,032	119,183 Direct	+7.64%	Acquired	70.8% (price as of 2026-08-19)
Jan. 3, 2017	PEG	F	5,993	$43.88	$262,973	123,584 Direct	-4.63%	Disposed	72.6% (price as of 2026-08-19)
Jan. 3, 2017	PEG	F	14,371	$43.88	$630,599	109,213 Direct	-11.63%	Disposed	72.6% (price as of 2026-08-19)
Aug. 11, 2016	PEG	S	7,500	$43.73	$327,975	128,822 Direct	-5.50%	Disposed	73.2% (price as of 2026-08-19)
June 7, 2016	PEG	G	1,400	—	—	156,671 Direct	-0.89%	Disposed	(price as of 2026-08-19)
May 3, 2016	PEG	G	2,000	—	—	62,890 Direct	-3.08%	Disposed	(price as of 2026-08-19)
May 2, 2016	PEG	S	12,000	$46.42	$557,040	64,890 Direct	-15.61%	Disposed	63.1% (price as of 2026-08-19)
Feb. 16, 2016	PEG	A	11,885	$42.07	$500,002	76,890 Direct	+18.28%	Acquired	80.0% (price as of 2026-08-19)
Feb. 16, 2016	PEG	A	18,958	$41.85	$793,392	65,005 Direct	+41.17%	Acquired	81.0% (price as of 2026-08-19)
Feb. 16, 2016	PEG	A	28,000	$41.85	$1,171,800	46,047 Direct	+155.15%	Acquired	81.0% (price as of 2026-08-19)
Jan. 4, 2016	PEG	F	4,429	$38.69	$171,358	18,047 Direct	-19.71%	Disposed	95.7% (price as of 2026-08-19)
Sept. 14, 2015	PEG	S	4,817	$39.29	$189,260	22,476 Direct	-17.65%	Disposed	92.7% (price as of 2026-08-19)
Sept. 14, 2015	PEG	S	2,100	$39.26	$82,446	27,293 Direct	-7.14%	Disposed	92.9% (price as of 2026-08-19)
Sept. 14, 2015	PEG	S	1,800	$39.30	$70,740	29,393 Direct	-5.77%	Disposed	92.7% (price as of 2026-08-19)
Sept. 14, 2015	PEG	S	1,351	$39.28	$53,067	31,193 Direct	-4.15%	Disposed	92.8% (price as of 2026-08-19)
Sept. 14, 2015	PEG	S	1,300	$39.32	$51,116	32,544 Direct	-3.84%	Disposed	92.6% (price as of 2026-08-19)
Sept. 14, 2015	PEG	S	900	$39.27	$35,343	33,844 Direct	-2.59%	Disposed	92.8% (price as of 2026-08-19)
Sept. 14, 2015	PEG	S	638	$39.31	$25,080	34,744 Direct	-1.80%	Disposed	92.6% (price as of 2026-08-19)
Sept. 14, 2015	PEG	S	100	$39.30	$3,930	35,382 Direct	-0.28%	Disposed	92.7% (price as of 2026-08-19)
Sept. 14, 2015	PEG	S	100	$39.34	$3,934	35,482 Direct	-0.28%	Disposed	92.5% (price as of 2026-08-19)
June 15, 2015	PEG	G	1,863	$40.01	$74,539	35,582 Direct	-4.98%	Disposed	89.3% (price as of 2026-08-19)
June 5, 2015	PEG	S	19,627	$40.36	$792,146	37,445 Direct	-34.39%	Disposed	87.6% (price as of 2026-08-19)
Feb. 24, 2015	PEG	M	70,000	—	—	0 Direct	-100.00%	Disposed	(price as of 2026-08-19)
Feb. 24, 2015	PEG	S	70,000	$43.11	$3,017,700	152,272 Direct	-31.49%	Disposed	75.7% (price as of 2026-08-19)
Feb. 24, 2015	PEG	M	70,000	$33.49	$2,344,300	222,272 Direct	+45.97%	Acquired	126.1% (price as of 2026-08-19)
Feb. 24, 2015	PEG	S	12,092	$43.12	$521,407	0 Direct	-100.00%	Disposed	75.6% (price as of 2026-08-19)
Feb. 24, 2015	PEG	S	10,103	$43.11	$435,540	12,092 Direct	-45.52%	Disposed	75.7% (price as of 2026-08-19)
Feb. 24, 2015	PEG	S	8,922	$43.14	$384,895	22,195 Direct	-28.67%	Disposed	75.5% (price as of 2026-08-19)
Feb. 24, 2015	PEG	S	8,300	$43.07	$357,481	31,117 Direct	-21.06%	Disposed	75.8% (price as of 2026-08-19)
Feb. 24, 2015	PEG	S	7,633	$43.13	$329,211	39,417 Direct	-16.22%	Disposed	75.6% (price as of 2026-08-19)
Feb. 24, 2015	PEG	S	5,300	$43.08	$228,324	47,050 Direct	-10.12%	Disposed	75.8% (price as of 2026-08-19)
Feb. 24, 2015	PEG	S	5,250	$43.17	$226,642	52,350 Direct	-9.11%	Disposed	75.4% (price as of 2026-08-19)
Feb. 24, 2015	PEG	S	4,700	$43.05	$202,335	57,600 Direct	-7.54%	Disposed	75.9% (price as of 2026-08-19)
Feb. 24, 2015	PEG	S	3,300	$43.15	$142,395	62,300 Direct	-5.03%	Disposed	75.5% (price as of 2026-08-19)
Feb. 24, 2015	PEG	S	1,200	$43.16	$51,792	65,600 Direct	-1.80%	Disposed	75.5% (price as of 2026-08-19)
Feb. 24, 2015	PEG	S	1,200	$43.04	$51,648	66,800 Direct	-1.76%	Disposed	76.0% (price as of 2026-08-19)
Feb. 24, 2015	PEG	S	900	$43.06	$38,754	68,000 Direct	-1.31%	Disposed	75.9% (price as of 2026-08-19)
Feb. 24, 2015	PEG	S	800	$43.09	$34,472	68,900 Direct	-1.15%	Disposed	75.7% (price as of 2026-08-19)
Feb. 24, 2015	PEG	S	300	$43.10	$12,930	69,700 Direct	-0.43%	Disposed	75.7% (price as of 2026-08-19)
Feb. 24, 2015	PEG	M	70,000	$33.49	$2,344,300	70,000 Direct	—	Acquired	126.1% (price as of 2026-08-19)
Feb. 19, 2015	PEG	A	12,600	$39.65	$499,590	57,072 Direct	+28.33%	Acquired	91.0% (price as of 2026-08-19)
Feb. 17, 2015	PEG	A	17,106	$39.44	$674,661	44,472 Direct	+62.51%	Acquired	92.0% (price as of 2026-08-19)
Jan. 2, 2015	PEG	F	4,538	$41.41	$187,919	27,366 Direct	-14.22%	Disposed	82.9% (price as of 2026-08-19)
Dec. 12, 2014	PEG	G	2,450	$40.74	$99,813	31,904 Direct	-7.13%	Disposed	85.9% (price as of 2026-08-19)
Nov. 10, 2014	PEG	M	39,000	—	—	0 Direct	-100.00%	Disposed	(price as of 2026-08-19)
Nov. 10, 2014	PEG	S	39,000	$41.25	$1,608,750	129,554 Direct	-23.14%	Disposed	83.6% (price as of 2026-08-19)
Nov. 10, 2014	PEG	M	39,000	$32.92	$1,283,880	168,554 Direct	+30.10%	Acquired	130.0% (price as of 2026-08-19)
Nov. 10, 2014	PEG	S	3,507	$41.21	$144,523	0 Direct	-100.00%	Disposed	83.8% (price as of 2026-08-19)
Nov. 10, 2014	PEG	S	3,391	$41.27	$139,947	3,507 Direct	-49.16%	Disposed	83.5% (price as of 2026-08-19)
Nov. 10, 2014	PEG	S	3,376	$41.20	$139,091	6,898 Direct	-32.86%	Disposed	83.8% (price as of 2026-08-19)
Nov. 10, 2014	PEG	S	2,500	$41.26	$103,150	10,274 Direct	-19.57%	Disposed	83.5% (price as of 2026-08-19)
Nov. 10, 2014	PEG	S	2,400	$41.22	$98,928	12,774 Direct	-15.82%	Disposed	83.7% (price as of 2026-08-19)
Nov. 10, 2014	PEG	S	2,342	$41.28	$96,678	15,174 Direct	-13.37%	Disposed	83.5% (price as of 2026-08-19)
Nov. 10, 2014	PEG	S	2,000	$41.29	$82,580	17,516 Direct	-10.25%	Disposed	83.4% (price as of 2026-08-19)
Nov. 10, 2014	PEG	S	1,668	$41.25	$68,805	19,516 Direct	-7.87%	Disposed	83.6% (price as of 2026-08-19)
Nov. 10, 2014	PEG	S	1,600	$41.23	$65,968	24,384 Direct	-6.16%	Disposed	83.7% (price as of 2026-08-19)
Nov. 10, 2014	PEG	S	1,600	$41.26	$66,016	22,784 Direct	-6.56%	Disposed	83.5% (price as of 2026-08-19)
Nov. 10, 2014	PEG	S	1,600	$41.27	$66,032	21,184 Direct	-7.02%	Disposed	83.5% (price as of 2026-08-19)
Nov. 10, 2014	PEG	S	1,416	$41.29	$58,467	25,984 Direct	-5.17%	Disposed	83.4% (price as of 2026-08-19)
Nov. 10, 2014	PEG	S	1,400	$41.26	$57,764	27,400 Direct	-4.86%	Disposed	83.5% (price as of 2026-08-19)
Nov. 10, 2014	PEG	S	1,400	$41.24	$57,736	28,800 Direct	-4.64%	Disposed	83.6% (price as of 2026-08-19)
Nov. 10, 2014	PEG	S	1,400	$41.24	$57,736	30,200 Direct	-4.43%	Disposed	83.6% (price as of 2026-08-19)
Nov. 10, 2014	PEG	S	1,300	$41.24	$53,612	31,600 Direct	-3.95%	Disposed	83.6% (price as of 2026-08-19)
Nov. 10, 2014	PEG	S	1,200	$41.23	$49,476	32,900 Direct	-3.52%	Disposed	83.7% (price as of 2026-08-19)
Nov. 10, 2014	PEG	S	1,100	$41.26	$45,386	34,100 Direct	-3.12%	Disposed	83.5% (price as of 2026-08-19)
Nov. 10, 2014	PEG	S	1,100	$41.23	$45,353	35,200 Direct	-3.03%	Disposed	83.7% (price as of 2026-08-19)
Nov. 10, 2014	PEG	S	1,100	$41.23	$45,353	36,300 Direct	-2.94%	Disposed	83.7% (price as of 2026-08-19)
Nov. 10, 2014	PEG	S	600	$41.25	$24,750	37,400 Direct	-1.58%	Disposed	83.6% (price as of 2026-08-19)
Nov. 10, 2014	PEG	S	300	$41.25	$12,375	38,000 Direct	-0.78%	Disposed	83.6% (price as of 2026-08-19)
Nov. 10, 2014	PEG	S	300	$41.19	$12,357	38,300 Direct	-0.78%	Disposed	83.9% (price as of 2026-08-19)
Nov. 10, 2014	PEG	S	200	$41.30	$8,260	38,600 Direct	-0.52%	Disposed	83.4% (price as of 2026-08-19)
Nov. 10, 2014	PEG	S	200	$41.20	$8,240	38,800 Direct	-0.51%	Disposed	83.8% (price as of 2026-08-19)
Nov. 10, 2014	PEG	M	39,000	$32.92	$1,283,880	39,000 Direct	—	Acquired	130.0% (price as of 2026-08-19)
Feb. 21, 2014	PEG	M	95,200	—	—	0 Direct	-100.00%	Disposed	(price as of 2026-08-19)
Feb. 21, 2014	PEG	M	95,200	$30.03	$2,858,856	224,754 Direct	+73.48%	Acquired	152.2% (price as of 2026-08-19)
Feb. 21, 2014	PEG	S	6,000	$36.64	$219,840	52,589 Direct	-10.24%	Disposed	106.7% (price as of 2026-08-19)
Feb. 21, 2014	PEG	S	5,660	$36.60	$207,156	58,589 Direct	-8.81%	Disposed	106.9% (price as of 2026-08-19)
Feb. 21, 2014	PEG	S	5,600	$36.71	$205,576	64,249 Direct	-8.02%	Disposed	106.3% (price as of 2026-08-19)
Feb. 21, 2014	PEG	S	4,400	$36.73	$161,612	69,849 Direct	-5.93%	Disposed	106.2% (price as of 2026-08-19)
Feb. 21, 2014	PEG	S	4,389	$36.66	$160,901	74,249 Direct	-5.58%	Disposed	106.6% (price as of 2026-08-19)
Feb. 21, 2014	PEG	S	4,147	$36.75	$152,402	78,638 Direct	-5.01%	Disposed	106.1% (price as of 2026-08-19)
Feb. 21, 2014	PEG	S	4,049	$36.58	$148,112	82,785 Direct	-4.66%	Disposed	107.0% (price as of 2026-08-19)
Feb. 21, 2014	PEG	S	4,007	$36.68	$146,977	86,834 Direct	-4.41%	Disposed	106.5% (price as of 2026-08-19)
Feb. 21, 2014	PEG	S	2,994	$36.76	$110,059	90,841 Direct	-3.19%	Disposed	106.0% (price as of 2026-08-19)
Feb. 21, 2014	PEG	S	2,702	$36.65	$99,028	93,835 Direct	-2.80%	Disposed	106.6% (price as of 2026-08-19)
Feb. 21, 2014	PEG	S	2,600	$36.69	$95,394	96,537 Direct	-2.62%	Disposed	106.4% (price as of 2026-08-19)
Feb. 21, 2014	PEG	S	2,600	$36.70	$95,420	99,137 Direct	-2.56%	Disposed	106.3% (price as of 2026-08-19)
Feb. 21, 2014	PEG	S	2,300	$36.61	$84,203	101,737 Direct	-2.21%	Disposed	106.9% (price as of 2026-08-19)
Feb. 21, 2014	PEG	S	2,100	$36.72	$77,112	104,037 Direct	-1.98%	Disposed	106.2% (price as of 2026-08-19)
Feb. 21, 2014	PEG	S	2,000	$36.67	$73,340	106,137 Direct	-1.85%	Disposed	106.5% (price as of 2026-08-19)
Feb. 21, 2014	PEG	S	1,949	$36.63	$71,392	108,137 Direct	-1.77%	Disposed	106.7% (price as of 2026-08-19)
Dec. 20, 2011	PEG	A	31,950	$31.28	$999,396	154,565 Direct	+26.06%	Acquired	142.1% (price as of 2026-08-19)

Showing latest 100 of 190 transactions

P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding

Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.

Derivative holdings (Form 4 Table II)

Options, RSUs and convertible securities reported on Form 4 Table II.

Date	Ticker	Security	Underlying	Exercise price	Expiration	Shares	A/D
March 1, 2017	PEG	Stock Option	Common Stock (3,500)	$44.44	June 19, 2017	3,500	Disposed
Feb. 24, 2015	PEG	Stock Option	Common Stock (70,000)	$33.49	Dec. 14, 2019	70,000	Disposed
Feb. 24, 2015	PEG	Stock Option	Common Stock (12,092)	$33.49	Dec. 14, 2019	12,092	Disposed
Feb. 24, 2015	PEG	Stock Option	Common Stock (10,103)	$33.49	Dec. 14, 2019	10,103	Disposed
Feb. 24, 2015	PEG	Stock Option	Common Stock (8,922)	$33.49	Dec. 14, 2019	8,922	Disposed
Feb. 24, 2015	PEG	Stock Option	Common Stock (8,300)	$33.49	Dec. 14, 2019	8,300	Disposed
Feb. 24, 2015	PEG	Stock Option	Common Stock (7,633)	$33.49	Dec. 14, 2019	7,633	Disposed
Feb. 24, 2015	PEG	Stock Option	Common Stock (5,300)	$33.49	Dec. 14, 2019	5,300	Disposed
Feb. 24, 2015	PEG	Stock Option	Common Stock (5,250)	$33.49	Dec. 14, 2019	5,250	Disposed
Feb. 24, 2015	PEG	Stock Option	Common Stock (4,700)	$33.49	Dec. 14, 2019	4,700	Disposed
Feb. 24, 2015	PEG	Stock Option	Common Stock (3,300)	$33.49	Dec. 14, 2019	3,300	Disposed
Feb. 24, 2015	PEG	Stock Option	Common Stock (1,200)	$33.49	Dec. 14, 2019	1,200	Disposed
Feb. 24, 2015	PEG	Stock Option	Common Stock (1,200)	$33.49	Dec. 14, 2019	1,200	Disposed
Feb. 24, 2015	PEG	Stock Option	Common Stock (900)	$33.49	Dec. 14, 2019	900	Disposed
Feb. 24, 2015	PEG	Stock Option	Common Stock (800)	$33.49	Dec. 14, 2019	800	Disposed
Feb. 24, 2015	PEG	Stock Option	Common Stock (300)	$33.49	Dec. 14, 2019	300	Disposed
Feb. 24, 2015	PEG	Stock Option	Common Stock (70,000)	$33.49	Dec. 14, 2019	70,000	Acquired
Nov. 10, 2014	PEG	Stock Option	Common Stock (39,000)	$32.92	Dec. 31, 2017	39,000	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (3,507)	$32.92	Dec. 31, 2017	3,507	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (3,391)	$32.92	Dec. 31, 2017	3,391	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (3,376)	$32.92	Dec. 31, 2017	3,376	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (2,500)	$32.92	Dec. 31, 2017	2,500	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (2,400)	$32.92	Dec. 31, 2017	2,400	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (2,342)	$32.92	Dec. 31, 2017	2,342	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (2,000)	$32.92	Dec. 31, 2017	2,000	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (1,668)	$32.92	Dec. 31, 2017	1,668	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (1,600)	$32.92	Dec. 31, 2017	1,600	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (1,600)	$32.92	Dec. 31, 2017	1,600	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (1,600)	$32.92	Dec. 31, 2017	1,600	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (1,416)	$32.92	Dec. 31, 2017	1,416	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (1,400)	$32.92	Dec. 31, 2017	1,400	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (1,400)	$32.92	Dec. 31, 2017	1,400	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (1,400)	$32.92	Dec. 31, 2017	1,400	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (1,300)	$32.92	Dec. 31, 2017	1,300	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (1,200)	$32.92	Dec. 31, 2017	1,200	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (1,100)	$32.92	Dec. 31, 2017	1,100	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (1,100)	$32.92	Dec. 31, 2017	1,100	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (1,100)	$32.92	Dec. 31, 2017	1,100	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (600)	$32.92	Dec. 31, 2017	600	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (300)	$32.92	Dec. 31, 2017	300	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (300)	$32.92	Dec. 31, 2017	300	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (200)	$32.92	Dec. 31, 2017	200	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (200)	$32.92	Dec. 31, 2017	200	Disposed
Nov. 10, 2014	PEG	Stock Option	Common Stock (39,000)	$32.92	Dec. 31, 2007	39,000	Acquired
Feb. 21, 2014	PEG	Stock Option	Common Stock (95,200)	$30.03	Dec. 16, 2018	95,200	Disposed
Dec. 14, 2009	PEG	Stock Option	Common Stock (70,000)	$33.49	Dec. 14, 2019	70,000	Acquired
Dec. 16, 2008	PEG	Stock Option	Common Stock (95,200)	$30.03	Dec. 16, 2018	95,200	Acquired
June 12, 2008	PEG	Stock Option	Common Stock (13,000)	$32.92	Dec. 31, 2017	13,000	Disposed
Dec. 18, 2007	PEG	Stock Option	Common Stock (21,000)	$96.41	Dec. 18, 2017	21,000	Acquired

Exercise/conversion price is blank when not applicable (e.g. RSUs).

Initial ownership (Form 3) 3 holdings

Securities held when first becoming an insider, per SEC Form 3.

Date	Ticker	Security	Shares	Ownership
June 21, 2007	PEG	Common Stock	50,000	Direct
June 21, 2007	PEG	Stock Option→ Common Stock (26,000)	26,000	Direct
June 21, 2007	PEG	Stock Option→ Common Stock (1,750)	1,750	Direct

Compensation (DEF 14A)

Matched by name from proxy statements (DEF 14A) — verify against the filing.

PEG

Fiscal year	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension change	Other	Total
2017	$527,875	—	$1,250,041	—	$425,600	$402,000	$194,739	$2,800,255
2016	$668,825	—	$1,250,016	—	$467,000	$252,000	$52,751	$2,690,592
2015	$650,000	—	$1,249,548	—	$653,300	—	$26,368	$2,579,216

Figures from the Summary Compensation Table of the company's proxy statement (DEF 14A). Compensation is not a recommendation.