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| | ☐ | | | | Preliminary Proxy Statement | | |
| | ☐ | | | | CONFIDENTIAL, FOR USE OF THE COMMISSION ONLY (AS PERMITTED BY RULE 14a-6(E)(2)) | | |
| | ☑ | | | | Definitive Proxy Statement | | |
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| | ☐ | | | | Fee paid previously with preliminary materials. | | |
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| /s/ Jeffrey Brown Jeffrey Brown Chairman of the Board | | | /s/ Mitchell Fadel Mitchell Fadel Chief Executive Officer and Director | |
| Notice of | |
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CORPORATE GOVERNANCE | | | | | 14 | | |
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AUDIT AND RISK COMMITTEE REPORT | | | | | 24 | | |
EXECUTIVE OFFICERS | | | | | 25 | | |
COMPENSATION DISCUSSION AND ANALYSIS | | | | | 27 | | |
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COMPENSATION TABLES | | | | | 44 | | |
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SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT | | | | | 62 | | |
OTHER INFORMATION | | | | | 64 | | |
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| Proposal | | | Board Vote Recommendation | |
| One: Election of Directors | | | FOR each Director Nominee | |
| Two: Ratification of Auditors | | | FOR | |
| Three: Advisory Vote on Executive Compensation | | | FOR | |
| Four: Adoption of the Exculpation Amendment to the Certificate of Incorporation | | | FOR | |
| Five: Adoption of the Miscellaneous Amendments to the Certificate of Incorporation | | | FOR | |
| Name | | | Age | | | Director Since | | | Experience/Qualification | | | Independent | | | Committee Memberships | | | Other Public Company Boards | |
| Jeffrey Brown (Chairman) | | | 61 | | | 2017 | | | • Significant public and private company board experience • Broad transactional expertise | | | Yes | | | Audit & Risk (chair) | | | Medifast, Inc. | |
| Mitchell Fadel | | | 64 | | | 2017 | | | • Chief Executive Officer and former Chief Operating Officer of the Company • Significant knowledge of the business and rent-to-own industry | | | — | | | — | | | — | |
| Christopher Hetrick | | | 43 | | | 2017 | | | • Extensive investment experience • Corporate strategy, capital allocation, executive compensation and investor communications | | | Yes | | | Compensation (chair) Nominating and Corporate Governance | | | — | |
| Harold Lewis | | | 61 | | | 2019 | | | • Financial technology • Consumer finance | | | Yes | | | Audit & Risk Compensation | | | — | |
| Glenn Marino | | | 65 | | | 2020 | | | • Retail finance, business development and banking | | | Yes | | | Audit & Risk Nominating and Corporate Governance | | | — | |
| Carol McFate | | | 69 | | | 2019 | | | • Corporate finance and treasury • Governance | | | Yes | | | Audit & Risk Nominating and Corporate Governance (chair) | | | Argo Group International Holdings, Ltd | |
| B.C. Silver | | | 41 | | | 2021 | | | • Financial technology, consumer products and retail industries | | | Yes | | | Compensation Nominating and Corporate Governance | | | — | |
| Jen You | | | 40 | | | 2022 | | | • Consumer technology products and platforms | | | Yes | | | Compensation | | | — | |
| Name(1) | | | Age | | | Director Since | | | Independent | | | Committee Memberships | | | Other Public Company Boards | |
| Jeffrey Brown (Chairman) | | | 63 | | | 2017 | | | Yes | | | Audit & Risk (chair) | | | Medifast, Inc. | |
| Mitchell Fadel | | | 66 | | | 2017 | | | — | | | — | | | — | |
| Molly Langenstein | | | 60 | | | 2024 | | | Yes | | | Compensation Nominating and Corporate Governance | | | — | |
| Harold Lewis | | | 63 | | | 2019 | | | Yes | | | Audit & Risk Compensation | | | — | |
| Glenn Marino | | | 67 | | | 2020 | | | Yes | | | Compensation (chair) Nominating and Corporate Governance | | | PRA Group, Inc. | |
| Carol McFate | | | 71 | | | 2019 | | | Yes | | | Audit & Risk Nominating and Corporate Governance (chair) | | | — | |
| | Voting Method | | | | Description of Process | | |
| | By Internet | | | | You may submit a proxy electronically on the Internet, by visiting the website shown on the Notice or proxy card and following the instructions. | | |
| | By Telephone | | | | If you request paper copies of the proxy materials by mail, you may submit a proxy by telephone, by calling the toll-free telephone number shown on the Notice or proxy card and following the instructions. | | |
| | By Mail | | | | If you request paper copies of the proxy materials by mail, you may submit a proxy by signing, dating and returning a paper proxy card in accordance with its instructions. The Notice provides instructions on how to request a paper proxy card and other proxy materials. | | |
| | | | | | |
| | Proposal | | | | Board Recommendation | | |
| | One: Election of Directors | | | | “FOR” each of the Board’s nominees for director | | |
| | Two: Ratification of the Audit & Risk Committee’s Selection of Ernst & Young LLP | | | | “FOR” the ratification of the Audit & Risk Committee’s selection of Ernst & Young LLP as our independent registered public accounting firm for | | |
| | Three: Advisory Vote on Executive Compensation | | | | “FOR” the resolution approving, on an advisory basis, the compensation of the named executive officers for the year ended December 31, | | |
| | Four: Adoption of the Exculpation Amendment to the Certificate of Incorporation | | | | “FOR” the approval of the Exculpation Amendment | | |
| | Five: Adoption of the Miscellaneous Amendments to the Certificate of Incorporation | | | | “FOR” the approval of the Miscellaneous Amendments | | |
| | Revocation Method | | | | Description of Process | | |
| | New Proxy Card | | | | Deliver a signed proxy, dated later than the first one, which proxy must be received by the Company prior to the vote at the | | |
| | New Internet/Telephone Proxy | | | | | | |
| | New Vote | | | | Attend the | | |
| | Written Notice to the Company | | | | Deliver a signed, written revocation letter, dated later than the previously submitted proxy, to Bryan Pechersky, Executive Vice President — General Counsel & Corporate Secretary, at 5501 Headquarters Drive, Plano, TX 75024, which letter must be received by the Company on the business day prior to the | | |
| | Proposal | | | | Required Vote for Approval | | | | Impact of Broker Non-Votes and Abstentions | | |
| | One: Election of Directors | | | | Under our bylaws, directors are elected by a majority of the votes cast in uncontested elections. Accordingly, the numbers of votes cast “for” a director nominee must exceed the number of votes cast “against” that nominee. In contested elections, the vote standard would be a plurality of votes cast. Each share may be voted for each of the nominees, but no share may be voted more than once for any particular nominee. | | | | Broker non-votes and abstentions will not affect the outcome of the vote. | | |
| | Two: Ratification of the Audit & Risk Committee’s Selection of Ernst & Young LLP | | | | A majority of the votes cast is required to ratify Ernst & Young LLP as our independent registered public accounting firm. | | | | Certain brokers have discretionary authority in the absence of timely instructions from their customers to vote on this proposal. Abstentions will not affect the outcome of the vote. | | |
| | Three: Advisory Vote | | | | The affirmative vote of the holders of a majority in voting power of the shares of common stock present | | | | Broker non-votes will not affect the outcome of the vote. Because abstentions are counted as shares present and entitled to vote on the proposal, each abstention will have the same effect as a vote “against” this proposal. | | |
| | Four: Adoption of the Exculpation Amendment to the Certificate of Incorporation | | | | The affirmative vote of the holders of a majority of the outstanding shares of common stock that are entitled to vote thereon is required to approve the Exculpation Amendment. | | | | Broker non-votes and abstentions will have the same effect as a vote “against” this proposal. | | |
| | Five: Adoption of the Miscellaneous Amendments to the Certificate of Incorporation | | | | The affirmative vote of the holders of a majority of the outstanding shares of common stock that are entitled to vote thereon is required to approve the Miscellaneous Amendments. | | | | Broker non-votes and abstentions will have the same effect as a vote “against” this proposal. | | |
| | | Jeffrey Brown | | |
| Chairman of the Board; Independent Director Age: 63 Director Since: 2017 Committees Served: Audit & Risk (chair) Gender: Male Ethnicity: Caucasian | |
| | | Mitchell Fadel | | |
| Director; Chief Executive Officer Age: 66 Director Since: 2017 Committees Served: N/A Gender: Male Ethnicity: Caucasian; | |
| | | Molly Langenstein | | |
| Independent Director Age: 60 Director Since: 2024 Committees Served: Compensation; Nominating and Corporate Governance Gender: Female Ethnicity: Caucasian | |
| |||||
| | Harold Lewis | | ||
| Independent Director Age: 63 Director Since: 2019 Committees Served: Audit & Risk; Compensation Gender: Male Ethnicity: African American | |
| | | Glenn Marino | | |
| Independent Director Age: 67 Director Since: 2020 Committees Served: Gender: Male Ethnicity: Caucasian | |
| | | Carol McFate | | |
| Independent Director Age: 71 Director Since: 2019 Committees Served: Audit & Risk; Nominating and Corporate Governance (chair) Gender: Female Ethnicity: Caucasian | |
| | Board Diversity Matrix (as of the date of this proxy statement) | | | ||||||||||||||||
| | Board Size: | | | ||||||||||||||||
| | Total Number of Directors | | | | 8 | | | ||||||||||||
| | Gender Identity: | | | | Male | | | | Female | | | | Non-Binary | | | | Did Not Disclose Gender | | |
| | Directors | | | | 6 | | | | 2 | | | | — | | | | — | | |
| | Number of directors who identify in any of the categories below: | | | ||||||||||||||||
| | African American or Black | | | | 2 | | | | — | | | | — | | | | — | | |
| | Alaskan Native or Native American | | | | — | | | | — | | | | — | | | | — | | |
| | Asian | | | | — | | | | 1 | | | | — | | | | — | | |
| | Caucasian | | | | 3 | | | | 1 | | | | — | | | | — | | |
| | Hispanic or Latino | | | | — | | | | — | | | | — | | | | — | | |
| | Native Hawaiian or Pacific Islander | | | | — | | | | — | | | | — | | | | — | | |
| | Two or More Races or Ethnicities | | | | 1 | | | | — | | | | — | | | | — | | |
| | LGBTQ+ | | | | — | | | ||||||||||||
| | Did Not Disclose Demographic Background | | | | — | | |
| Name(1) | | | Independent | | | Transactions/Relationships/Arrangements | |
| Jeffrey Brown | | | Yes | | | None | |
| | | Yes | | | | ||
| Harold Lewis | | | Yes | | | None | |
| Glenn Marino | | | Yes | | | None | |
| Carol McFate | | | Yes | | | None | |
| Name | | Independent(1) | | Audit & Risk Committee(2) | | Compensation Committee | | Nominating and Corporate Governance Committee | | Name(1) | | Independent(2) | | Audit & Risk Committee(3) | | Compensation Committee | | Nominating and Corporate Governance Committee | | ||||||||
| Jeffrey Brown | | Yes | | Chair | | — | | — | | Jeffrey Brown | | Yes | | Chair | | — | | — | | ||||||||
| Mitchell Fadel | | No | | — | | — | | — | | Mitchell Fadel | | No | | — | | — | | — | | ||||||||
| Christopher Hetrick | | Yes | | — | | Chair | | Member | | Christopher Hetrick(4) | | Yes | | — | | Former Chair | | Former Member | | ||||||||
| Harold Lewis | | Yes | | Member | | Member | | — | | Harold Lewis | | Yes | | Member | | Member | | — | | ||||||||
| Glenn Marino | | Yes | | Member | | — | | Member | | Glenn Marino(5) | | Yes | | Former Member | | Chair | | Member | | ||||||||
| Carol McFate | | Yes | | Member | | — | | Chair | | Carol McFate | | Yes | | Member | | — | | Chair | | ||||||||
| B.C. Silver | | Yes | | — | | Member | | Member | | Jen You(6) | | Yes | | — | | Member | | — | | ||||||||
| Jen You | | Yes | | — | | Member(3) | | — | | Number of Committee Meetings in 2023 | | — | | 8 | | 5 | | 5 | | ||||||||
| Number of Committee Meetings in 2021 | | — | | 8 | | 7 | | 6 | |
| Position | | 2021 Annual Retainer | | Position | | 2023 Annual Retainer | | ||||||||
| All Non-Employee Directors (including the Chairman) | | | $ | 77,500 | | | All Non-Employee Directors (including the Chairman) | | | $ | 77,500 | | | ||
| Chairman of the Board | | | $ | 175,000 | | | Chairman of the Board | | | $ | 175,000 | | | ||
| Chair of the Audit & Risk Committee | | | $ | 27,500 | | | Chair of the Audit & Risk Committee | | | $ | 27,500 | | | ||
| Other members of the Audit & Risk Committee | | | $ | 15,000 | | | Other members of the Audit & Risk Committee | | | $ | 15,000 | | | ||
| Chair of the Compensation Committee | | | $ | 25,000 | | | Chair of the Compensation Committee | | | $ | 25,000 | | | ||
| Other members of the Compensation Committee | | | $ | 10,500 | | | Other members of the Compensation Committee | | | $ | 10,500 | | | ||
| Chair of the Nominating and Corporate Governance Committee | | | $ | 20,000 | | | Chair of the Nominating and Corporate Governance Committee | | | $ | 20,000 | | | ||
| Other members of the Nominating and Corporate Governance Committee | | | $ | 10,000 | | | Other members of the Nominating and Corporate Governance Committee | | | $ | 10,000 | | |
| Name | | Fees Earned or Paid in Cash(1) | | DSUs(2) | | Other Compensation(3) | | Total | | Name | | Fees Earned or Paid in Cash(1) | | DSUs(2) | | Other Compensation(3) | | Total | | ||||||||||||||||||||||||||||||||
| Jeffrey Brown | | | | — | | | | $ | 499,777 | | | | $ | 70,307 | | | | $ | 570,085 | | | Jeffrey Brown | | | $ | — | | | | $ | 530,841 | | | | $ | 94,618 | | | | $ | 625,459 | | | ||||||||
| Christopher Hetrick | | | | — | | | | $ | 234,830 | | | | $ | 41,959 | | | | $ | 276,788 | | | Harold Lewis | | | $ | 103,000 | | | | $ | 132,504 | | | | $ | 24,489 | | | | $ | 259,993 | | | ||||||||
| Harold Lewis | | | $ | 113,000 | | | | $ | 120,001 | | | | $ | 12,305 | | | | $ | 245,306 | | | Glenn Marino | | | $ | 20,500 | | | | $ | 258,126 | | | | $ | 19,490 | | | | $ | 298,116 | | | ||||||||
| Glenn Marino | | | $ | 25,063 | | | | $ | 382,375(4) | | | | $ | 11,195 | | | | $ | 418,633 | | | Carol McFate | | | $ | 56,252 | | | | $ | 213,718 | | | | $ | 40,709 | | | | $ | 310,679 | | | ||||||||
| Carol McFate | | | $ | 64,069 | | | | $ | 187,598 | | | | $ | 16,706 | | | | $ | 268,373 | | | Jen You(4) | | | $ | 66,000 | | | | $ | 173,738 | | | | $ | 6,222 | | | | $ | 245,960 | | | ||||||||
| B.C. Silver | | | $ | 97,177 | | | | $ | 120,010 | | | | $ | 3,528 | | | | $ | 220,715 | | | Christopher Hetrick(5) | | | $ | — | | | | $ | 300,125 | | | | $ | 47,173 | | | | $ | 347,298 | | | ||||||||
| B.C. Silver(6) | | | $ | 24,500 | | | | $ | 132,504 | | | | $ | 1,882 | | | | $ | 158,886 | | |
| | | | | | |||
| By telephone: 972-624-6210 | | | By mail: Upbound Group, Inc. Attn: Corporate Secretary 5501 Headquarters Drive Plano, TX 75024 | | | By e-mail: Upbound.Board@upbound.com | |
| | | 2021 | | 2020 | | | | 2023 | | 2022 | | ||||||||||||||||
| Audit Fees(1) | | | $ | 2,419,085 | | | | $ | 1,275,396 | | | Audit Fees(1) | | | $ | 2,259,944 | | | | $ | 1,920,775 | | | ||||
| Audit-Related Fees(2) | | | | — | | | | $ | 588,480 | | | Audit-Related Fees(2) | | | $ | — | | | | $ | — | | | ||||
| Tax Fees(3) | | | $ | 47,130 | | | | $ | 74,394 | | | Tax Fees(3) | | | $ | 14,000 | | | | $ | 60,034 | | | ||||
| All Other Fees | | | | — | | | | | — | | | All Other Fees | | | $ | — | | | | $ | — | | |
| |||||
| | Anthony Blasquez | | ||
| Executive Vice President — Rent-A-Center Age: 48 Gender: Male Ethnicity: Hispanic/Latino | |
| | | Ann Davids | | |
| Executive Vice President — Chief Customer and Marketing Officer Age: 55 Gender: Female Ethnicity: Caucasian | |
| | | Sudeep Gautam | | |
| Executive Vice President — Chief Technology and Digital Officer Age: 53 Gender: Male Ethnicity: Asian | |
| | | Fahmi Karam | | |
| Executive Vice President — Chief Financial Officer Age: 45 Gender: Male Ethnicity: Asian | |
| | | Tyler Montrone | | |
| Executive Vice President — Acima Age: 43 Gender: Male Ethnicity: Caucasian | |
| | | Bryan Pechersky | | |
| Executive Vice President — General Counsel & Corporate Secretary Age: 53 Gender: Male Ethnicity: Caucasian | |
| |||||
| | Transient Taylor | | ||
| Executive Vice President — Chief Human Resources Officer and Chief Diversity Officer Age: 58 Gender: Male Ethnicity: African American | |
| Named Executive Officer | | | Title | |
| Mitchell Fadel | | | Chief Executive Officer | |
| | | Executive Vice President — Chief Financial Officer | | |
| Anthony Blasquez | | | Executive Vice President — Rent-A-Center | |
| | | | ||
| | | Executive Vice President — | |
Component | | | Overview | |
Base Salary | | | Competitive base salaries are determined in large part through in-depth comparative analyses of comparable positions at companies in our Peer Group and performance, in addition to the market data. | |
Annual Incentive Opportunity | | | Opportunity for an annual cash incentive award to align our executives with annual corporate and individual performance achievements. For | |
Long-Term Incentive Compensation Opportunity | | | Long-term incentive plan and equity ownership guidelines to align our executives with longer term performance achievement and stockholder returns over time. The long-term incentive awards granted in February | |
| What We Do | | |||
| • Transparent Compensation Program: Maintain a transparent executive compensation program that is understandable both to our stockholders and employees and is not overly complex or subject to constantly changing features • Compensation Aligned with Performance: A substantial percentage of both cash and equity compensation is at-risk and variable based on company performance • Multi-Year Equity Vesting: Three-year full vesting for all executive equity awards • Annual SOP Vote: Annual say-on-pay stockholder vote regarding our executive compensation program to receive regular feedback from our investors • Annual Program Risk Assessment: Our Compensation Committee performs an annual risk • Investor Outreach: Outreach program to our large institutional investors regarding executive compensation and governance-related topics | | | • Independent Compensation Consultant: Engagement by the Compensation Committee of an independent compensation consultant to conduct a formal evaluation of, and advise the Compensation Committee with respect to, the compensation arrangements for our Chief Executive Officer, as well as provide guidance with respect to the compensation of our senior executives • Rigorous Target Setting: Rigorous performance targets for our annual cash incentive and long-term incentive compensation programs • Total Reward Statement Review: Regular review by the Compensation Committee of total reward statements for the Chief Executive Officer and other executives to evaluate multi-year cash and equity compensation awards • Ownership Guidelines: Equity ownership guidelines for our directors, Chief Executive Officer, executive vice presidents, senior vice presidents and vice presidents • Clawback Policy: Incentive compensation is subject to clawback, as described further in this proxy statement | |
| What We Do Not Do | | |||
| • No Hedging or Pledging Stock: Insider Trading Policy that prohibits derivative transactions involving our common stock and pledging stock • No Gross-ups: Employee benefits are provided without tax gross-ups (other than certain relocation-related expenses) • No Excessive Perquisites: We provide only limited perquisites, as described in this CD&A | | | • No Repricing Options: We do not reprice stock options without stockholder approval (and • No Dividends Paid on Unvested Equity: No prospective payment of dividends on unvested equity awards | |
| | ||||||||||
| Aaron’s, Inc. | | | Big Lots Inc. | | | Brinker International Inc. | | | Conn’s | |
| FirstCash, Inc. | | | H&R Block, Inc. | | | La-Z-Boy Incorporated | | |||
| OneMain Holdings | | |||||||||
| Sally Beauty, Inc. | | |||||||||
| Bread Financial Holdings, Inc. | | | | | |
| Name | | 2019 Base Salary | | 2020 Base Salary | | 2021 Base Salary | | Name | | 2023 Base Salary | | ||||||||||||||||
| Mitchell Fadel | | | $ | 1,000,000 | | | | $ | 1,000,000 | | | | $ | 1,100,000 | | | Fadel | | | $ | 1,100,000 | | | ||||
| Maureen Short | | | $ | 416,300 | | | | $ | 441,278 | | | | $ | 500,000 | | | Karam | | | $ | 1,000,000 | | | ||||
| Anthony Blasquez(1) | | | | — | | | | | — | | | | $ | 410,000 | | | Blasquez | | | $ | 450,000 | | | ||||
| Jason Hogg(2) | | | | — | | | | $ | 600,000 | | | | $ | 625,000 | | | Montrone | | | $ | 450,000 | | | ||||
| Bryan Pechersky(3) | | | | — | | | | | — | | | | $ | 365,000 | | | Gautam | | | $ | 450,000 | | |
| | Metric | | | | Performance Levels | | |
| | Adjusted EBITDA(1) | | | | Threshold — Less than Target — Maximum — Greater than or equal to | | |
| | Rent-A-Center | | | | Threshold — Less than Target — Maximum — Greater than or equal to | | |
| | Acima | | | | Threshold — Less than Target — Maximum — Greater than or equal to | | |
| Officer | | | 2023 Target Cash Incentives as a Percentage of Base Salary | | |||
| Fadel | | | | | 135% | | |
| Karam | | | | | 60% | | |
| Blasquez | | | | | 60% | | |
| Montrone | | | | | 60% | | |
| Gautam | | | | | 90% | | |
| | Metric | | | | Weighting (% of total bonus opportunity) | | | | 2021 Performance | | | | Percent of 2021 Target Achieved | | | | Payout for 2021 (% of Target) | | | | Metric | | | | Weighting (% of total bonus opportunity) | | | | 2023 Performance | | | | Percent of 2023 Target Achieved | | | | Payout for 2023 (% of Target) | | |
| | Adjusted EBITDA(1)(2) | | | | 50% | | | | $643 million | | | | 103% | | | | 120% | | | | Adjusted EBITDA(1) | | | | 50% | | | | $474 million | | | | 113.7% | | | | 191% | | |
| | Rent-A-Center Business Same Store Sales | | | | 25% | | | | 15.3% | | | | 387% | | | | 200% | | | | Rent-A-Center Segment Revenue | | | | 25% | | | | $1,864 million | | | | 98.7% | | | | 68% | | |
| | Acima Revenues | | | | 25% | | | | $2,328 million | | | | 98% | | | | 70% | | | | Acima Segment Revenue | | | | 25% | | | | $1,931 million | | | | 101.6% | | | | 127% | | |
| Officer | | | 2023 Target Equity Award Values as a Percentage of Base Salary(1) | | |||
| Fadel | | | | | 415% | | |
| Karam | | | | | 100% | | |
| Blasquez | | | | | 140% | | |
| Montrone | | | | | 140% | | |
| Gautam | | | | | 90% | | |
| | Award Type | | | | Weighting | | |
| | Performance Stock Units | | | | 70% | | |
| | Restricted Stock Units | | | | 30% | | |
| Performance Stock Unit Payout Chart | | |||||||||
| RCII’s TSR Percentile Rank in the S&P 1500 Specialty Retail Index | | | | | | Payout | | |||
| > | | | ≤ | | | | | | | |
| 90% | | | 100% | | | | | | 200% | |
| 80% | | | 90% | | | | | | 175% | |
| 70% | | | 80% | | | | | | 150% | |
| 60% | | | 70% | | | | | | 125% | |
| 50% | | | 60% | | | | | | 100% | |
| 40% | | | 50% | | | | | | 75% | |
| 30% | | | 40% | | | | | | 50% | |
| 25% | | | 30% | | | | | | 25% | |
| 0% | | | 25% | | | | | | 0% | |
| Performance Stock Unit Payout Chart | | ||||||||||||
| UPBD’s TSR Percentile Rank in the S&P 1500 Specialty Retail Index | | | Payout | | |||||||||
| >= | | | < | | | | | | | | |||
| 90% | | | | | 100% | | | | | | 200% | | |
| 80% | | | | | 90% | | | | | | 175% | | |
| 70% | | | | | 80% | | | | | | 150% | | |
| 60% | | | | | 70% | | | | | | 125% | | |
| 50% | | | | | 60% | | | | | | 100% | | |
| 40% | | | | | 50% | | | | | | 75% | | |
| 30% | | | | | 40% | | | | | | 50% | | |
| 25% | | | | | 30% | | | | | | 25% | | |
| 0% | | | | | 25% | | | | | | 0% | | |
| | | | | Ownership Requirement | | | |
| | Chief Executive Officer | | | | 5 times annual base salary | | |
| | Executive Vice President | | | | 3 times annual base salary | | |
Name and Principal Position | | Year | | Salary | | Stock Awards(1) | | Option Awards(1) | | Non-Equity Incentive Plan Compensation(2) | | All Other Compensation(3) | | Total | | | Year | | Salary | | Bonus | | Stock Awards(1) | | Option Awards(1) | | Non-Equity Incentive Plan Compensation(2) | | All Other Compensation(3) | | Total | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mitchell Fadel Chief Executive Officer | | | | | 2021 | | | | $ | 1,078,846 | | | | $ | 8,687,619 | | | | | — | | | | $ | 1,900,800 | | | | $ | 65,496 | | | | $ | 11,732,761 | | | | | | | 2023 | | | | $ | 1,100,000 | | | | $ | — | | | | $ | 6,502,656 | | | | $ | — | | | | $ | 2,138,400 | | | | $ | 49,995 | | | | $ | 9,791,051 | | | |||||||||||||
| | | 2020 | | | | $ | 998,077 | | | | $ | 4,882,607 | | | | $ | 829,998 | | | | $ | 2,430,000 | | | | $ | 77,268 | | | | $ | 9,217,950 | | | | | | 2022 | | | | $ | 1,100,000 | | | | $ | — | | | | $ | 5,116,846 | | | | $ | — | | | | $ | — | | | | $ | 63,204 | | | | $ | 6,280,050 | | | ||||||||||||||||
| | | 2019 | | | | $ | 953,846 | | | | $ | 5,222,035 | | | | $ | 700,002 | | | | $ | 1,690,000 | | | | $ | 99,522 | | | | $ | 8,665,405 | | | | | | 2021 | | | | $ | 1,078,846 | | | | $ | — | | | | $ | 9,296,543(8) | | | | $ | — | | | | $ | 1,900,800 | | | | $ | 65,496 | | | | $ | 12,341,685 | | | ||||||||||||||||
Maureen Short Chief Financial Officer | | | | | 2021 | | | | $ | 487,578 | | | | $ | 1,236,993 | | | | | — | | | | $ | 384,000 | | | | $ | 40,783 | | | | $ | 2,149,354 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2020 | | | | $ | 434,665 | | | | $ | 636,749 | | | | $ | 108,237 | | | | $ | 476,580 | | | | $ | 42,391 | | | | $ | 1,698,623 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2019 | | | | $ | 406,902 | | | | $ | 807,439 | | | | $ | 201,537 | | | | $ | 386,951 | | | | $ | 39,805 | | | | $ | 1,842,634 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Anthony Blasquez (4) Executive Vice President — Rent-A-Center Business | | | | | 2021 | | | | $ | 397,308 | | | | $ | 702,199 | | | | | — | | | | $ | 288,640 | | | | $ | 12,189 | | | | $ | 1,400,336 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Jason Hogg (5) Former Executive Vice President — Acima | | | | | 2021 | | | | $ | 619,711 | | | | $ | 2,973,540 | | | | | — | | | | $ | 800,000 | | | | $ | 21,685 | | | | $ | 4,414,936 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2020 | | | | $ | 311,538 | | | | $ | 3,499,998 | | | | | — | | | | $ | 1,080,000 | | | | $ | 297,931 | | | | $ | 5,189,467 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bryan Pechersky (6) Executive Vice President — General Counsel & Corporate Secretary | | | | 2021 | | | | $ | 361,827 | | | | $ | 625,168 | | | | | — | | | | $ | 256,960 | | | | $ | 36,104 | | | | $ | 1,280,059 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fahmi Karam (4)(5) Executive Vice President - Chief Financial Officer | | | | | 2023 | | | | $ | 1,000,000 | | | | $ | 500,000 | | | | $ | 3,561,176 | | | | $ | — | | | | $ | 864,008 | | | | $ | 41,947 | | | | $ | 5,967,131 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2022 | | | | $ | 153,846 | | | | $ | 500,000 | | | | $ | 1,999,992 | | | | $ | — | | | | $ | — | | | | $ | — | | | | $ | 2,653,838 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Anthony Blasquez Executive Vice President - Rent-A-Center | | | | | 2023 | | | | $ | 444,554 | | | | $ | — | | | | $ | 897,446 | | | | $ | — | | | | $ | 388,800 | | | | $ | 33,236 | | | | $ | 1,764,036 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2022 | | | | $ | 422,931 | | | | $ | — | | | | $ | 477,942 | | | | $ | — | | | | $ | — | | | | $ | 27,295 | | | | $ | 928,168 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2021 | | | | $ | 397,308 | | | | $ | — | | | | $ | 751,418(8) | | | | $ | — | | | | $ | 288,640 | | | | $ | 12,189 | | | | $ | 1,449,555 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Tyler Montrone (4)(6) Executive Vice President - Acima | | | | | 2023 | | | | $ | 440,385 | | | | $ | — | | | | $ | 897,446 | | | | $ | — | | | | $ | 388,800 | | | | $ | 35,504 | | | | $ | 1,762,135 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
Sudeep Gautam (4)(6)(7) Executive Vice President - Chief Technology and Digital Officer | | | | 2023 | | | | $ | 424,039 | | | | $ | 200,000 | | | | $ | 576,933 | | | | $ | — | | | | $ | 583,200 | | | | $ | 24,514 | | | | $ | 1,808,686 | | |
| Name | | Company Matching Contributions(1) | | Value of Insurance Premiums(2) | | Relocation | | Other(3) | | Total | | Name | | Company Matching Contributions(1) | | Value of Insurance Premiums(2) | | Other(3) | | Total | | ||||||||||||||||||||||||||||||||||||
| Mitchell Fadel | | | $ | 41,269 | | | | $ | 24,227 | | | | | — | | | | | — | | | | $ | 65,496 | | | Mitchell Fadel | | | $ | 9,335 | | | | $ | 35,954 | | | | $ | 4,706 | | | | $ | 49,995 | | | |||||||||
| Maureen Short | | | $ | 29,069 | | | | $ | 7,742 | | | | | — | | | | $ | 3,973 | | | | $ | 40,783 | | | Fahmi Karam | | | $ | 11,827 | | | | $ | 19,039 | | | | $ | 11,081 | | | | $ | 41,947 | | | |||||||||
| Anthony Blasquez | | | | — | | | | $ | 8,257 | | | | | — | | | | $ | 3,932 | | | | $ | 12,189 | | | Anthony Blasquez | | | $ | 7,844 | | | | $ | 21,848 | | | | $ | 3,544 | | | | $ | 33,236 | | | |||||||||
| Jason Hogg | | | $ | 7,327 | | | | $ | 9,836 | | | | | — | | | | $ | 4,552 | | | | $ | 21,685 | | | Tyler Montrone | | | $ | 8,473 | | | | $ | 22,008 | | | | $ | 5,023 | | | | $ | 35,504 | | | |||||||||
| Bryan Pechersky | | | $ | 14,406 | | | | $ | 5,898 | | | | $ | 148 | | | | $ | 15,562(4) | | | | $ | 36,104 | | | Sudeep Gautam | | | $ | — | | | | $ | 15,382 | | | | $ | 9,132 | | | | $ | 24,514 | | |
| Name | | Grant Date | | Committee Approval Date | | | Estimated Future Payouts Under Non-Equity Incentive Plan Awards(1) | | Estimated Future Payouts Under Equity Incentive Plan Awards(2) | | | All Other Stock Awards: Number of Shares of Stock or Units(3) | | All Other Option Awards: Number of Securities Underlying Options | | Exercise or Base Price of Option Awards | | Closing Price on Grant Date | | Grant Date Fair Value of Stock and Option Awards | | Name | | Grant Date | | Committee Approval Date | | | Estimated Future Payouts Under Non-Equity Incentive Plan Awards(1) | | | Estimated Future Payouts Under Equity Incentive Plan Awards(2) | | | All Other Stock Awards: Number of Shares of Stock or Units(3) | | All Other Option Awards: Number of Securities Underlying Options | | Exercise or Base Price of Option Awards | | Closing Price on Grant Date | | Grant Date Fair Value of Stock and Option Awards(4) | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Threshold | | Target | | Maximum | | Threshold | | Target | | Maximum | | | Threshold | | Target | | Maximum | | Threshold | | Target | | Maximum | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mitchell Fadel | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Mitchell Fadel | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||
| Short-Term Incentive | | | | — | | | | | 2/19/21 | | | | $ | 148,500 | | | | $ | 1,485,000 | | | | $ | 2,970,000 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | Short-Term Incentive | | | | — | | | | | 2/9/2023 | | | | $ | 148,500 | | | | $ | 1,485,000 | | | | $ | 2,970,000 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||
| Restricted Stock Units | | | | 2/26/21 | | | | | 2/19/21 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 24,995 | | | | | — | | | | | — | | | | $ | 57.76 | | | | $ | 1,637,173 | | | Restricted Stock Units | | | | 2/24/2023 | | | | | 2/9/2023 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 51,082 | | | | | — | | | | | — | | | | $ | 26.78 | | | | $ | 1,369,508 | | | ||||||||||||||||||||||||||
| Performance Stock Units | | | | 2/26/21 | | | | | 2/19/21 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 77,768 | | | | | 155,536 | | | | | — | | | | | — | | | | | — | | | | $ | 57.76 | | | | $ | 7,050,447 | | | Performance Stock Units | | | | 2/24/2023 | | | | | 2/9/2023 | | | | | — | | | | | — | | | | | — | | | | | 0 | | | | | 158,921 | | | | | 317,842 | | | | | — | | | | | — | | | | | — | | | | $ | 26.78 | | | | $ | 5,133,148 | | | ||||||||||||||||||||||||||
| Maureen Short | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fahmi Karam | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||
| Short-Term Incentive | | | | — | | | | | 2/19/21 | | | | $ | 30,000 | | | | $ | 300,000 | | | | $ | 600,000 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | Short-Term Incentive | | | | — | | | | | 2/9/2023 | | | | $ | 60,000 | | | | $ | 600,000 | | | | $ | 1,200,000 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||
| Restricted Stock Units | | | | 2/26/21 | | | | | 2/19/21 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 3,559 | | | | | — | | | | | — | | | | $ | 57.76 | | | | $ | 233,115 | | | Restricted Stock Units | | | | 2/24/2023 | | | | | 2/9/2023 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 27,975 | | | | | — | | | | | — | | | | $ | 26.78 | | | | $ | 750,010 | | | ||||||||||||||||||||||||||
| Performance Stock Units | | | | 2/26/21 | | | | | 2/19/21 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 11,073 | | | | | 22,146 | | | | | — | | | | | — | | | | | — | | | | $ | 57.76 | | | | $ | 1,003,878 | | | Performance Stock Units | | | | 2/24/2023 | | | | | 2/9/2023 | | | | | — | | | | | — | | | | | — | | | | | 0 | | | | | 87,033 | | | | | 174,066 | | | | | — | | | | | — | | | | | — | | | | $ | 26.78 | | | | $ | 2,811,166 | | | ||||||||||||||||||||||||||
| Anthony Blasquez | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Anthony Blasquez | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||
| Short-Term Incentive | | | | — | | | | | 2/19/21 | | | | $ | 22,550 | | | | $ | 225,500 | | | | $ | 451,000 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | Short-Term Incentive | | | | — | | | | | 2/9/2023 | | | | $ | 27,000 | | | | $ | 270,000 | | | | $ | 540,000 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||
| Restricted Stock Units | | | | 2/26/21 | | | | | 2/19/21 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 2,020 | | | | | — | | | | | — | | | | $ | 57.76 | | | | $ | 132,310 | | | Restricted Stock Units | | | | 2/24/2023 | | | | | 2/9/2023 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 7,050 | | | | | — | | | | | — | | | | $ | 26.78 | | | | $ | 189,011 | | | ||||||||||||||||||||||||||
| Performance Stock Units | | | | 2/26/21 | | | | | 2/19/21 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 6,286 | | | | | 12,572 | | | | | — | | | | | — | | | | | — | | | | $ | 57.76 | | | | $ | 569,889 | | | Performance Stock Units | | | | 2/24/2023 | | | | | 2/9/2023 | | | | | — | | | | | — | | | | | — | | | | | 0 | | | | | 21,933 | | | | | 43,866 | | | | | — | | | | | — | | | | | — | | | | $ | 26.78 | | | | $ | 708,436 | | | ||||||||||||||||||||||||||
| Jason Hogg | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Tyler Montrone | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||
| Short-Term Incentive | | | | — | | | | | 2/19/21 | | | | $ | 62,500 | | | | $ | 625,000 | | | | $ | 1,250,000 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | Short-Term Incentive | | | | — | | | | | 2/9/2023 | | | | $ | 27,000 | | | | $ | 270,000 | | | | $ | 540,000 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||
| Restricted Stock Units | | | | 2/26/21 | | | | | 2/19/21 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 8,555 | | | | | — | | | | | — | | | | $ | 57.76 | | | | $ | 560,353 | | | Restricted Stock Units | | | | 2/24/2023 | | | | | 2/9/2023 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 7,050 | | | | | — | | | | | — | | | | $ | 26.78 | | | | $ | 189,011 | | | ||||||||||||||||||||||||||
| Performance Stock Units | | | | 2/26/21 | | | | | 2/19/21 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 26,618 | | | | | 53,236 | | | | | — | | | | | — | | | | | — | | | | $ | 57.76 | | | | $ | 2,413,188 | | | Performance Stock Units | | | | 2/24/2023 | | | | | 2/9/2023 | | | | | — | | | | | — | | | | | — | | | | | 0 | | | | | 21,933 | | | | | 43,866 | | | | | — | | | | | — | | | | | — | | | | $ | 26.78 | | | | $ | 708,436 | | | ||||||||||||||||||||||||||
| Bryan Pechersky | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | �� | | | | | Sudeep Gautam | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||
| Short-Term Incentive | | | | — | | | | | 2/19/21 | | | | $ | 20,075 | | | | $ | 200,750 | | | | $ | 401,500 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | Short-Term Incentive | | | | — | | | | | 2/9/2023 | | | | $ | 40,500 | | | | $ | 405,000 | | | | $ | 810,000 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||
| Restricted Stock Units | | | | 2/26/21 | | | | | 2/19/21 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 1,799 | | | | | — | | | | | — | | | | $ | 57.76 | | | | $ | 117,835 | | | Restricted Stock Units | | | | 2/24/2023 | | | | | 2/9/2023 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 4,532 | | | | | — | | | | | — | | | | $ | 26.78 | | | | $ | 121,503 | | | ||||||||||||||||||||||||||
| Performance Stock Units | | | | 2/26/21 | | | | | 2/19/21 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 5,596 | | | | | 11,192 | | | | | — | | | | | — | | | | | — | | | | $ | 57.76 | | | | $ | 507,333 | | | Performance Stock Units | | | | 2/24/2023 | | | | | 2/9/2023 | | | | | — | | | | | — | | | | | — | | | | | 0 | | | | | 14,100 | | | | | 28,200 | | | | | — | | | | | — | | | | | — | | | | $ | 26.78 | | | | $ | 455,430 | | |
| | | OPTION AWARDS | | STOCK AWARDS | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | | Number of Securities Underlying Unexercised Options - Exercisable | | Number of Securities Underlying Unexercised Options - Unexercisable | | Option Exercise Price | | Option Expiration Date | | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested(1) | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mitchell Fadel | | | | 53,243 | | | | | 26,954(2) | | | | $ | 8.22 | | | | | 2/23/28 | | | | | 33,541(6) | | | | $ | 1,611,310 | | | |||||||||||||||||||||||||||||||||||||||||||
| | | | | 37,514 | | | | | 37,513(3) | | | | $ | 20.87 | | | | | 4/1/29 | | | | | 33,508(7) | | | | $ | 1,609,724 | | | |||||||||||||||||||||||||||||||||||||||||||
| | | | | 30,248 | | | | | 90,743(4) | | | | $ | 24.77 | | | | | 2/26/30 | | | | | 24,995(8) | | | | $ | 1,200,760 | | | |||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | 134,185(9) | | | | $ | 6,446,247 | | | |||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | 134,015(10) | | | | $ | 6,438,081 | | | |||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | 77,768(11) | | | | $ | 3,735,975 | | | |||||||||||||||||||||||||||||||||||||||||||
| Maureen Short | | | | 6,077 | | | | | 0 | | | | $ | 10.34 | | | | | 2/5/26 | | | | | 5,186(6) | | | | $ | 249,135 | | | |||||||||||||||||||||||||||||||||||||||||||
| | | | | 14,538 | | | | | 0 | | | | $ | 8.32 | | | | | 2/16/27 | | | | | 4,370(7) | | | | $ | 209,935 | | | |||||||||||||||||||||||||||||||||||||||||||
| | | | | 10,977 | | | | | 3,659(2) | | | | $ | 8.22 | | | | | 2/23/28 | | | | | 3,559(8) | | | | $ | 170,974 | | | |||||||||||||||||||||||||||||||||||||||||||
| | | | | 10,801 | | | | | 10,800(3) | | | | $ | 20.87 | | | | | 4/1/29 | | | | | 20,748(9) | | | | $ | 996,734 | | | |||||||||||||||||||||||||||||||||||||||||||
| | | | | 3,945 | | | | | 11,833(4) | | | | $ | 24.77 | | | | | 2/26/30 | | | | | 17,477(10) | | | | $ | 839,595 | | | |||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | 11,073(11) | | | | $ | 531,947 | | | |||||||||||||||||||||||||||||||||||||||||||
| Anthony Blasquez | | | | 220 | | | | | 0 | | | | $ | 34.77 | | | | | 1/31/23 | | | | | 1,639(6) | | | | $ | 78,738 | | | |||||||||||||||||||||||||||||||||||||||||||
| | | | | 2,618 | | | | | 0 | | | | $ | 8.32 | | | | | 2/16/27 | | | | | 1,381(7) | | | | $ | 66,343 | | | |||||||||||||||||||||||||||||||||||||||||||
| | | | | 1,757 | | | | | 1,757(2) | | | | $ | 8.22 | | | | | 2/23/28 | | | | | 2,020(8) | | | | $ | 97,041 | | | |||||||||||||||||||||||||||||||||||||||||||
| | | | | 916 | | | | | 1,833(3) | | | | $ | 20.87 | | | | | 4/1/29 | | | | | 6,556(9) | | | | $ | 314,950 | | | |||||||||||||||||||||||||||||||||||||||||||
| | | | | 1,246 | | | | | 3,739(4) | | | | $ | 24.77 | | | | | 2/26/30 | | | | | 5,522(10) | | | | $ | 265,277 | | | |||||||||||||||||||||||||||||||||||||||||||
| | | | | 2,500 | | | | | 7,500(5) | | | | $ | 26.62 | | | | | 7/1/30 | | | | | 6,286(11) | | | | $ | 301,979 | | | |||||||||||||||||||||||||||||||||||||||||||
| Jason Hogg | | | | | | | | | | | | | | | | | | | | | | | | 8,555(8) | | | | $ | 410,982 | | | |||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | 65,740(9) | | | | $ | 3,158,150 | | | |||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | 65,740(10) | | | | $ | 3,158,150 | | | |||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | 26,618(11) | | | | $ | 1,278,729 | | | |||||||||||||||||||||||||||||||||||||||||||
| Bryan Pechersky | | | | 2,500 | | | | | 7,500(5) | | | | $ | 26.62 | | | | | 7/1/30 | | | | | 1,799(8) | | | | $ | 86,424 | | | |||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | 5,596(11) | | | | $ | 268,832 | | | |||||||||||||||||||||||||||||||||||||||||||
Name | | | OPTION AWARDS | | STOCK AWARDS | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Number of Securities Underlying Unexercised Options - Exercisable | | Number of Securities Underlying Unexercised Options - Unexercisable | | Option Exercise Price | | Option Expiration Date | | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested(1) | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mitchell Fadel | | | | | 80,197 | | | | | — | | | | $ | 8.22 | | | | | 2/23/2028 | | | | | 8,498(3) | | | | $ | 288,677 | | | |||||||||||||||||||||||||||||||||||||||||||
| | | 75,027 | | | | | — | | | | $ | 20.87 | | | | | 4/1/2029 | | | | | 31,586(4) | | | | $ | 1,072,976 | | | |||||||||||||||||||||||||||||||||||||||||||||
| | | 90,743 | | | | | 30,248(2) | | | | $ | 24.77 | | | | | 2/26/2030 | | | | | 51,082(5) | | | | $ | 1,735,256 | | | |||||||||||||||||||||||||||||||||||||||||||||
| | | — | | | | | — | | | | | — | | | | | — | | | | | 77,768(6) | | | | $ | 2,641,779 | | | |||||||||||||||||||||||||||||||||||||||||||||
| | | — | | | | | — | | | | | — | | | | | — | | | | | 146,667(7) | | | | $ | 4,982,278 | | | |||||||||||||||||||||||||||||||||||||||||||||
| | | — | | | | | — | | | | | — | | | | | — | | | | | 158,921(8) | | | | $ | 5,398,546 | | | |||||||||||||||||||||||||||||||||||||||||||||
Fahmi Karam | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 62,716(9) | | | | $ | 2,130,463 | | | |||||||||||||||||||||||||||||||||||||||||||
| | | — | | | | | — | | | | | — | | | | | — | | | | | 27,975(5) | | | | $ | 950,311 | | | |||||||||||||||||||||||||||||||||||||||||||||
| | | — | | | | | — | | | | | — | | | | | — | | | | | 87,033(8) | | | | $ | 2,956,511 | | | |||||||||||||||||||||||||||||||||||||||||||||
Anthony Blasquez | | | | | 3,739 | | | | | 1,246(2) | | | | $ | 24.77 | | | | | 2/26/2030 | | | | | 687(3) | | | | $ | 23,337 | | | |||||||||||||||||||||||||||||||||||||||||||
| | | 7,500 | | | | | 2,500(10) | | | | $ | 26.62 | | | | | 7/1/2030 | | | | | 2,951(4) | | | | $ | 100,245 | | | |||||||||||||||||||||||||||||||||||||||||||||
| | | — | | | | | — | | | | | — | | | | | — | | | | | 7,050(5) | | | | $ | 239,489 | | | |||||||||||||||||||||||||||||||||||||||||||||
| | | — | | | | | — | | | | | — | | | | | — | | | | | 6,286(6) | | | | $ | 213,535 | | | |||||||||||||||||||||||||||||||||||||||||||||
| | | — | | | | | — | | | | | — | | | | | — | | | | | 13,700(7) | | | | $ | 465,389 | | | |||||||||||||||||||||||||||||||||||||||||||||
| | | — | | | | | — | | | | | — | | | | | — | | | | | 21,933(8) | | | | $ | 745,064 | | | |||||||||||||||||||||||||||||||||||||||||||||
Tyler Montrone | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 912(3) | | | | $ | 30,981 | | | |||||||||||||||||||||||||||||||||||||||||||
| | | — | | | | | — | | | | | — | | | | | — | | | | | 3,391(4) | | | | $ | 115,192 | | | |||||||||||||||||||||||||||||||||||||||||||||
| | | — | | | | | — | | | | | — | | | | | — | | | | | 7,050(5) | | | | $ | 239,489 | | | |||||||||||||||||||||||||||||||||||||||||||||
| | | — | | | | | — | | | | | — | | | | | — | | | | | 8,348(6) | | | | $ | 283,582 | | | |||||||||||||||||||||||||||||||||||||||||||||
| | | — | | | | | — | | | | | — | | | | | — | | | | | 15,743(7) | | | | $ | 534,790 | | | |||||||||||||||||||||||||||||||||||||||||||||
| | | — | | | | | — | | | | | — | | | | | — | | | | | 21,933(8) | | | | $ | 745,064 | | | |||||||||||||||||||||||||||||||||||||||||||||
Sudeep Gautam | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 4,532(5) | | | | $ | 153,952 | | | |||||||||||||||||||||||||||||||||||||||||||
| | | — | | | | | — | | | | | — | | | | | — | | | | | 14,100(8) | | | | $ | 478,977 | | |
| | | | Option Awards | | Stock Awards | | | | Option Awards | | Stock Awards | | |||||||||||||||||||||||||||||||||||||||
| | | Number of Shares Acquired on Exercise | | Value Realized on Exercise(1) | | Number of Shares Acquired on Vesting | | Value Realized on Vesting(1) | | | | Number of Shares Acquired on Exercise | | Value Realized on Exercise | | Number of Shares Acquired on Vesting | | Value Realized on Vesting | | ||||||||||||||||||||||||||||||||
| Mitchell Fadel | | | | 27,620 | | | | $ | 1,550,725 | | | | | 437,640 | | | | $ | 23,851,380 | | | Mitchell Fadel | | | | — | | | | $ | — | | | | | 124,321 | | | | $ | 3,337,933 | | | ||||||||
| Maureen Short | | | | 26,641 | | | | $ | 1,070,330 | | | | | 59,410 | | | | $ | 3,237,845 | | | Fahmi Karam | | | | — | | | | $ | — | | | | | 31,357 | | | | $ | 893,518 | | | ||||||||
| Anthony Blasquez | | | | 175 | | | | $ | 2,387 | | | | | 28,528 | | | | $ | 1,554,776 | | | Anthony Blasquez | | | | 8,881 | | | | $ | 180,255 | | | | | 6,260 | | | | $ | 167,294 | | | ||||||||
| Jason Hogg | | | | — | | | | | — | | | | | — | | | | | — | | | Tyler Montrone | | | | — | | | | $ | — | | | | | 2,555 | | | | $ | 66,975 | | | ||||||||
| Bryan Pechersky | | | | — | | | | | — | | | | | — | | | | | — | | | Sudeep Gautam | | | | — | | | | $ | — | | | | | — | | | | $ | — | | |
| Name | | Executive Contributions in FY 2021(1) | | Registrant Contributions in FY 2021(1)(2) | | Aggregate Earnings in FY 2021 | | Aggregate Withdrawals/ Distributions | | Aggregate Balance at FYE 2021(3) | | Name | | Executive Contributions in FY 2023(1) | | Registrant Contributions in FY 2023(1)(2) | | Aggregate Earnings in FY 2023 | | Aggregate Withdrawals/ Distributions | | Aggregate Balance at FYE 2023(3) | | ||||||||||||||||||||||||||||||||||||||||
| Mitchell Fadel | | | $ | 64,615 | | | | $ | 28,269 | | | | $ | 40,126 | | | | | — | | | | $ | 525,465 | | | Mitchell Fadel | | | $ | 66,000 | | | | $ | 635(4) | | | | $ | 90,400 | | | | $ | — | | | | $ | 676,434 | | | ||||||||||
| Maureen Short | | | $ | 241,040 | | | | $ | 20,758 | | | | $ | 134,411 | | | | | — | | | | $ | 886,117 | | | Fahmi Karam | | | $ | — | | | | $ | — | | | | $ | — | | | | $ | — | | | | $ | — | | | ||||||||||
| Anthony Blasquez | | | | — | | | | | — | | | | $ | 700 | | | | $ | 3,058 | | | | $ | 6,162 | | | Anthony Blasquez | | | $ | — | | | | $ | — | | | | $ | 1,844 | | | | $ | — | | | | $ | 7,137 | | | ||||||||||
| Jason Hogg | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | Tyler Montrone | | | $ | — | | | | $ | — | | | | $ | — | | | | $ | — | | | | $ | — | | | ||||||||||
| Bryan Pechersky | | | $ | 22,039 | | | | $ | 5,475 | | | | $ | 4,312 | | | | | — | | | | $ | 29,291 | | | Sudeep Gautam | | | $ | — | | | | $ | — | | | | $ | — | | | | $ | — | | | | $ | — | | |
| Name | | | Cash Severance Payout | | | Continuation of Medical Benefits(1) | | | Acceleration of Outstanding Awards | | | Total Termination Benefits | | ||||||||||||
| Mitchell Fadel | | | | | | | | | | | | | | | | | | | | | | | | | |
| Termination by Us without “Cause” or by Mr. Fadel for “Good Reason” | | | | $ | 5,170,000 | | | | | $ | 30,418 | | | | | | — | | | | | $ | 5,200,418 | | |
| Termination by Us for “Cause” or by Mr. Fadel without “Good Reason” | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| Termination due to Mr. Fadel’s disability or death(2) | | | | | — | | | | | $ | 30,418 | | | | | $ | 10,881,178 | | | | | $ | 10,911,596 | | |
| Termination by Mr. Fadel for Reason other than disability, death or for “Good Reason” | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| Fahmi Karam | | | | | | | | | | | | | | | | | | | | | | | | | |
| Termination by Us without “Cause” or by Mr. Karam for “Good Reason” | | | | $ | 2,364,008 | | | | | $ | 35,048 | | | | | | — | | | | | $ | 2,399,056 | | |
| Termination by Us for “Cause” or by Mr. Karam without “Good Reason” | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| Termination due to Mr. Karam’s disability or death | | | | $ | 864,008 | | | | | $ | 23,365 | | | | | $ | 4,065,291 | | | | | $ | 4,952,664 | | |
| Termination by Mr. Karam for Reason other than disability or death or for “Good Reason” | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| Name | | Cash Severance Payout | | Continuation of Medical Benefits(1) | | Acceleration of Outstanding Awards | | Total Termination Benefits | | Name | | Cash Severance Payout | | Continuation of Medical Benefits(1) | | Acceleration of Outstanding Awards | | Total Termination Benefits | | ||||||||||||||||||||||||||||||||
| Mitchell Fadel | | | | | | | | | | | | | | | | | | | | | | Anthony Blasquez | | | | | | | | | | | | | | | | | | | | | | ||||||||
| Termination by Us without “Cause” or by Mr. Fadel for “Good Reason” | | | $ | 6,001,600 | | | | $ | 28,080 | | | | $ | 3,843,263 | | | | $ | 9,872,943 | | | Termination by Us without “Cause” or by Mr. Blasquez for “Good Reason” | | | $ | 1,280,280 | | | | $ | 35,048 | | | | | — | | | | $ | 1,315,328 | | | ||||||||
| Termination by Us for “Cause” or by Mr. Fadel without “Good Reason” | | | | — | | | | | — | | | | | — | | | | | — | | | Termination by Us for “Cause” or by Mr. Blasquez without “Good Reason” | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||
| Termination by Us due to Mr. Fadel’s disability or death | | | $ | 1,900,800 | | | | $ | 28,080 | | | | $ | 21,042,096 | | | | $ | 22,970,976 | | | Termination due to Mr. Blasquez’s disability or death | | | $ | 388,800 | | | | $ | 23,365 | | | | $ | 1,135,128 | | | | $ | 1,547,293 | | | ||||||||
| Termination by Mr. Fadel for Reason other than disability, death or for “Good Reason” | | | | — | | | | | — | | | | $ | 3,843,263 | | | | $ | 3,843,263 | | | Termination by Mr. Blasquez for Reason other than disability or death or for “Good Reason” | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||
| Maureen Short | | | | | | | | | | | | | | | | | | | | | | Tyler Montrone | | | | | | | | | | | | | | | | | | | | | | ||||||||
| Termination by Us without “Cause” or by Ms. Short for “Good Reason” | | | $ | 930,290 | | | | $ | 11,904 | | | | $ | 1,628,920 | | | | $ | 2,571,114 | | | Termination by Us without “Cause” or by Mr. Montrone for “Good Reason” | | | $ | 1,063,800 | | | | $ | 35,048 | | | | | — | | | | $ | 1,098,848 | | | ||||||||
| Termination by Us for “Cause” or by Ms. Short without “Good Reason” | | | | — | | | | | — | | | | | — | | | | | — | | | Termination by Us for “Cause” or by Mr. Montrone without “Good Reason” | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||
| Termination by Us due to Ms. Short’s disability or death | | | $ | 384,000 | | | | $ | 11,904 | | | | $ | 2,998,321 | | | | $ | 3,394,225 | | | Termination due to Mr. Montrone’s disability or death | | | $ | 388,800 | | | | $ | 23,365 | | | | $ | 1,034,566 | | | | $ | 1,446,731 | | | ||||||||
| Termination by Ms. Short for Reason other than disability or death or for “Good Reason” | | | | — | | | | | — | | | | $ | 1,628,920 | | | | $ | 1,628,920 | | | Termination by Mr. Montrone for Reason other than disability or death or for “Good Reason” | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||
| Anthony Blasquez | | | | | | | | | | | | | | | | | | | | | | Sudeep Gautam | | | | | | | | | | | | | | | | | | | | | | ||||||||
| Termination by Us without “Cause” or by Mr. Blasquez for “Good Reason” | | | $ | 1,047,960 | | | | | — | | | | $ | 284,302 | | | | $ | 1,332,262 | | | Termination by Us without “Cause” or by Mr. Gautam for “Good Reason” | | | $ | 1,258,200 | | | | $ | 35,048 | | | | | — | | | | $ | 1,293,248 | | | ||||||||
| Termination by Us for “Cause” or by Mr. Blasquez without “Good Reason” | | | | — | | | | | — | | | | | — | | | | | — | | | Termination by Us for “Cause” or by Mr. Gautam without “Good Reason” | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||
| Termination by Us due to Mr. Blasquez’s disability or death | | | $ | 288,640 | | | | | — | | | | $ | 1,124,328 | | | | $ | 1,412,968 | | | Termination due to Mr. Gautam’s disability or death | | | $ | 583,200 | | | | $ | 23,365 | | | | $ | 313,451 | | | | $ | 920,016 | | | ||||||||
| Termination by Mr. Blasquez for Reason other than disability or death or for “Good Reason” | | | | — | | | | | — | | | | $ | 284,302 | | | | $ | 284,302 | | | Termination by Mr. Gautam for Reason other than disability or death or for “Good Reason” | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||
| Jason Hogg(2) | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||
| Termination by Us without “Cause” or by Mr. Hogg for “Good Reason” | | | $ | 937,500 | | | | $ | 29,304 | | | | | — | | | | $ | 966,804 | | | ||||||||||||||||||||||||||||||
| Termination by Us for “Cause” or by Mr. Hogg without “Good Reason” | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||
| Termination by Us due to Mr. Hogg’s disability or death | | | $ | 800,000 | | | | $ | 19,536 | | | | $ | 8,006,010 | | | | $ | 8,825,546 | | | ||||||||||||||||||||||||||||||
| Termination by Mr. Hogg for Reason other than disability or death or for “Good Reason” | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||
| Bryan Pechersky | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||
| Termination by Us without “Cause” or by Mr. Pechersky for “Good Reason” | | | $ | 547,500 | | | | $ | 17,856 | | | | $ | 53,550 | | | | $ | 618,906 | | | ||||||||||||||||||||||||||||||
| Termination by Us for “Cause” or by Mr. Pechersky without “Good Reason” | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||
| Termination by Us due to Mr. Pechersky’s disability or death | | | $ | 256,960 | | | | $ | 11,904 | | | | $ | 335,256 | | | | $ | 624,120 | | | ||||||||||||||||||||||||||||||
| Termination by Mr. Pechersky for Reason other than disability or death or for “Good Reason” | | | | — | | | | | — | | | | $ | 53,550 | | | | $ | 53,550 | | |
| Name | | Cash Severance Payout | | Continuation of Medical Benefits(1) | | Acceleration of Outstanding Awards | | Total Termination Benefits | | Name | | Cash Severance Payout | | Continuation of Medical Benefits(1) | | Acceleration of Outstanding Awards | | Total Termination Benefits | | ||||||||||||||||||||||||||||||||
| Mitchell Fadel | | | | | | | | | | | | | | | | | | | | | | Mitchell Fadel | | | | | | | | | | | | | | | | | | | | | | ||||||||
| Termination by Us without “Cause” or by Mr. Fadel for “Good Reason” | | | $ | 6,001,600 | | | | $ | 28,080 | | | | $ | 25,246,223 | | | | $ | 31,275,903 | | | Termination by Us without “Cause” or by Mr. Fadel for “Good Reason” | | | $ | 5,170,000 | | | | $ | 30,418 | | | | $ | 16,397,794 | | | | $ | 21,598,212 | | | ||||||||
| Termination by Us for “Cause” or by Mr. Fadel without “Good Reason” | | | | — | | | | | — | | | | | — | | | | | — | | | Termination by Us for “Cause” or by Mr. Fadel without “Good Reason” | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||
| Termination by Us due to Mr. Fadel’s disability or death | | | $ | 1,900,800 | | | | $ | 28,080 | | | | $ | 25,246,223 | | | | $ | 21,175,103 | | | Termination due to Mr. Fadel’s disability or death(2) | | | | — | | | | $ | 30,418 | | | | $ | 16,397,794 | | | | $ | 16,428,212 | | | ||||||||
| Maureen Short | | | | | | | | | | | | | | | | | | | | | | Fahmi Karam | | | | | | | | | | | | | | | | | | | | | | ||||||||
| Termination by Us without “Cause” or by Ms. Short for “Good Reason” | | | $ | 1,395,435 | | | | $ | 17,856 | | | | $ | 3,712,812 | | | | $ | 5,126,103 | | | Termination by Us without “Cause” or by Mr. Karam for “Good Reason” | | | $ | 2,864,008 | | | | $ | 46,731 | | | | $ | 6,037,284 | | | | $ | 8,948,023 | | | ||||||||
| Termination by Us for “Cause” or by Ms. Short without “Good Reason” | | | | — | | | | | — | | | | | — | | | | | — | | | Termination by Us for “Cause” or by Mr. Karam without “Good Reason” | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||
| Termination by Us due to Ms. Short’s disability or death | | | $ | 384,000 | | | | $ | 11,904 | | | | $ | 3,712,812 | | | | $ | 4,108,716 | | | Termination due to Mr. Karam’s disability or death | | | $ | 864,008 | | | | $ | 46,731 | | | | $ | 6,037,284 | | | | $ | 6,948,023 | | | ||||||||
| Anthony Blasquez | | | | | | | | | | | | | | | | | | | | | | Anthony Blasquez | | | | | | | | | | | | | | | | | | | | | | ||||||||
| Termination by Us without “Cause” or by Mr. Blasquez for “Good Reason” | | | $ | 1,397,280 | | | | | — | | | | $ | 1,491,751 | | | | $ | 2,889,031 | | | Termination by Us without “Cause” or by Mr. Blasquez for “Good Reason” | | | $ | 1,577,440 | | | | $ | 46,731 | | | | $ | 1,816,898 | | | | $ | 3,441,069 | | | ||||||||
| Termination by Us for “Cause” or by Mr. Blasquez without “Good Reason” | | | | — | | | | | — | | | | | — | | | | | — | | | Termination by Us for “Cause” or by Mr. Blasquez without “Good Reason” | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||
| Termination by Us due to Mr. Blasquez’s disability or death | | | $ | 288,640 | | | | | — | | | | $ | 1,491,751 | | | | $ | 1,780,391 | | | Termination due to Mr. Blasquez’s disability or death | | | $ | 388,800 | | | | $ | 46,731 | | | | $ | 1,816,898 | | | | $ | 2,252,429 | | | ||||||||
| Jason Hogg(2) | | | | | | | | | | | | | | | | | | | | | | Tyler Montrone | | | | | | | | | | | | | | | | | | | | | | ||||||||
| Termination by Us without “Cause” or by Mr. Hogg for “Good Reason” | | | $ | 1,250,000 | | | | $ | 39,072 | | | | $ | 8,006,010 | | | | $ | 9,925,082 | | | Termination by Us without “Cause” or by Mr. Montrone for “Good Reason” | | | $ | 1,288,800 | | | | $ | 46,731 | | | | $ | 1,949,097 | | | | $ | 3,284,628 | | | ||||||||
| Termination by Us for “Cause” or by Mr. Hogg without “Good Reason” | | | | — | | | | | — | | | | | — | | | | | — | | | Termination by Us for “Cause” or by Mr. Montrone without “Good Reason” | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||
| Termination by Us due to Mr. Hogg’s disability or death | | | $ | 800,000 | | | | $ | 19,536 | | | | $ | 8,006,010 | | | | $ | 8,825,546 | | | Termination due to Mr. Montrone’s disability or death | | | $ | 388,800 | | | | $ | 46,731 | | | | $ | 1,949,097 | | | | $ | 2,384,628 | | | ||||||||
| Bryan Pechersky | | | | | | | | | | | | | | | | | | | | | | Sudeep Gautam | | | | | | | | | | | | | | | | | | | | | | ||||||||
| Termination by Us without “Cause” or by Mr. Pechersky for “Good Reason” | | | $ | 730,000 | | | | $ | 23,808 | | | | $ | 515,906 | | | | $ | 1,269,714 | | | Termination by Us without “Cause” or by Mr. Gautam for “Good Reason” | | | $ | 1,483,200 | | | | $ | 46,731 | | | | $ | 632,929 | | | | $ | 2,162,860 | | | ||||||||
| Termination by Us for “Cause” or by Mr. Pechersky without “Good Reason” | | | | — | | | | | — | | | | | — | | | | | — | | | Termination by Us for “Cause” or by Mr. Gautam without “Good Reason” | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||
| Termination by Us due to Mr. Pechersky’s disability or death | | | $ | 256,960 | | | | $ | 11,904 | | | | $ | 515,906 | | | | $ | 784,770 | | | Termination due to Mr. Gautam’s disability or death | | | $ | 583,200 | | | | $ | 46,731 | | | | $ | 632,929 | | | | $ | 1,262,860 | | |
| Plan Category | | Number of securities to be issued upon exercise of outstanding options, warrants and rights | | Weighted-average exercise price of outstanding options, warrants and rights(1) | | Number of securities remaining available for future issuance under equity compensation plan(2) | | Plan Category | | Number of securities to be issued upon exercise of outstanding options, warrants and rights | | Weighted-average exercise price of outstanding options, warrants and rights(1) | | Number of securities remaining available for future issuance under equity compensation plan(2) | | ||||||||||||||||||||||||
| Equity compensation plans approved by security holders | | | | 1,121,489 | | | | $ | 22.68 | | | | | 4,085,077 | | | Equity compensation plans approved by security holders | | | | 655,643 | | | | $ | 22.36 | | | | | 6,832,305 | | | ||||||
| Equity compensation plans not approved by security holders | | | | — | | | | | — | | | | | — | | | Equity compensation plans not approved by security holders | | | | — | | | | | — | | | | | — | | | ||||||
| Total | | | | 1,121,489 | | | | $ | 22.68 | | | | | 4,085,077 | | | Total | | | | 655,643 | | | | $ | 22.36 | | | | | 6,832,305 | | |
| Year | | | CEO | | | Non-CEO NEOs | | | Value of Initial Fixed $100 Investment Based On: | | | Net Income ($M) | | | Adjusted EBITDA(5) ($M) | | |||||||||||||||||||||||||||||||||
| Summary Compensation Table Total for CEO | | | Compensation Actually Paid to CEO(1) | | | Average Summary Compensation Table Total for non-CEO named executive officers(2) | | | Average Compensation Actually Paid to non-CEO named executive officers(3) | | | TSR | | | Proxy Peer Group TSR(4) | | |||||||||||||||||||||||||||||||||
| 2023 | | | | $ | 9,791,051 | | | | | $ | 15,601,868 | | | | | $ | 2,825,497 | | | | | $ | 3,893,968 | | | | | $ | 142 | | | | | $ | 163 | | | | | $ | (5) | | | | | $ | 474 | | |
| 2022(6) | | | | $ | 6,280,050 | | | | | $ | (3,792,985) | | | | | $ | 1,742,035 | | | | | $ | 128,413 | | | | | $ | 90 | | | | | $ | 145 | | | | | $ | 12 | | | | | $ | 459 | | |
| 2021 | | | | $ | 12,341,685 | | | | | $ | 25,616,911 | | | | | $ | 2,408,210 | | | | | $ | 2,962,970 | | | | | $ | 179 | | | | | $ | 177 | | | | | $ | 135 | | | | | $ | 643 | | |
| 2020 | | | | $ | 9,217,950 | | | | | $ | 14,829,388 | | | | | $ | 2,263,831 | | | | | $ | 3,512,231 | | | | | $ | 140 | | | | | $ | 119 | | | | | $ | 208 | | | | | $ | 344 | | |
| CEO: Mitch Fadel | | | 2023 | | | 2022 | | | 2021 | | | 2020 | | ||||||||||||
| Summary Compensation Table Total | | | | $ | 9,791,051 | | | | | $ | 6,280,050 | | | | | $ | 12,341,685 | | | | | $ | 9,217,950 | | |
| Less: | | | | | | | | | | | | | | | | | | | | | | | | | |
| Fair Value of Stock Awards Granted in the Covered Year (measured at grant date) | | | | $ | 6,502,656 | | | | | $ | 5,116,846 | | | | | $ | 9,296,543 | | | | | $ | 5,712,605 | | |
| Fair Value of Awards Granted in Prior Year that were Forfeited during the Covered Year (measured at prior year-end) | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
| Change in Pension Value | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
| Plus: | | | | | | | | | | | | | | | | | | | | | | | | | |
| Fair Value of Unvested Awards Granted in the Covered Year (measured at year-end) | | | | $ | 9,387,302 | | | | | $ | 3,474,280 | | | | | $ | 5,474,111 | | | | | $ | 10,034,035 | | |
| Fair Value of Vested Awards Granted in the Covered Year (measured at Vesting Date) | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
| Change in Fair Value of Unvested Awards Granted in Prior Years (measured at year-end) | | | | $ | 3,834,188 | | | | | $ | (11,440,516) | | | | | $ | 1,511,487 | | | | | $ | 1,914,269 | | |
| Change in Fair Value of Vested Awards Granted in Prior Years (measured at vesting date) | | | | $ | (908,017) | | | | | $ | 3,010,047 | | | | | $ | 15,586,171 | | | | | $ | (624,261) | | |
| Dividends Accrued on Unvested RSUs and PSUs in the Covered Year | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
| Pension Service Costs | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
| Total Compensation Actually Paid | | | | $ | 15,601,868 | | | | | $ | (3,792,985) | | | | | $ | 25,616,911 | | | | | $ | 14,829,388 | | |
| Non-CEO NEOs (Average) | | | 2023 | | | 2022 | | | 2021 | | | 2020 | | ||||||||||||
| Summary Compensation Table Total | | | | $ | 2,825,497 | | | | | $ | 1,742,035 | | | | | $ | 2,408,210 | | | | | $ | 2,263,831 | | |
| Less: | | | | | | | | | | | | | | | | | | | | | | | | | |
| Fair Value of Stock Awards Granted in the Covered Year (measured at grant date) | | | | $ | 1,483,250 | | | | | $ | 1,135,260 | | | | | $ | 1,481,514 | | | | | $ | 1,258,694 | | |
| Fair Value of Awards Granted in Prior Year that were Forfeited during the Covered Year (measured at prior year-end) | | | | $ | 0 | | | | | $ | 1,344,060 | | | | | $ | 0 | | | | | $ | 0 | | |
| Change in Pension Value | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
| Plus: | | | | | | | | | | | | | | | | | | | | | | | | | |
| Fair Value of Unvested Awards Granted in the Covered Year (measured at year-end) | | | | $ | 2,141,235 | | | | | $ | 845,162 | | | | | $ | 872,364 | | | | | $ | 2,425,918 | | |
| Fair Value of Vested Awards Granted in the Covered Year (measured at Vesting Date) | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
| Change in Fair Value of Unvested Awards Granted in Prior Years (measured at year-end) | | | | $ | 365,842 | | | | | $ | (272,162) | | | | | $ | 318,723 | | | | | $ | 162,066 | | |
| Change in Fair Value of Vested Awards Granted in Prior Years (measured at vesting date) | | | | $ | 44,644 | | | | | $ | 292,698 | | | | | $ | 845,187 | | | | | $ | (80,890) | | |
| Dividends Accrued on Unvested RSUs and PSUs in the Covered Year | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
| Pension Service Costs | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
| Total Compensation Actually Paid | | | | $ | 3,893,968 | | | | | $ | 128,413 | | | | | $ | 2,962,970 | | | | | $ | 3,512,231 | | |
| Name of Beneficial Owner | | Amount and Nature of Beneficial Ownership | | Percent of Common Stock | | Name of Beneficial Owner | | Amount and Nature of Beneficial Ownership | | Percent of Common Stock | | ||||||||||||||||
| Aaron Allred | | | | 5,151,978(1) | | | | | 8.7%(1) | | | Jeffrey Brown | | | | 188,794(1) | | | | | * | | | ||||
| Anthony Blasquez | | | | 64,055 | | | | | * | | | Mitchell Fadel | | | | 910,015(2) | | | | | 1.7% | | | ||||
| Jeffrey Brown | | | | 138,977(2) | | | | | * | | | Anthony Blasquez | | | | 62,176 | | | | | * | | | ||||
| Mitchell Fadel | | | | 700,718(3) | | | | | * | | | Fahmi Karam | | | | 30,757 | | | | | * | | | ||||
| Christopher Hetrick | | | | 67,565(4) | | | | | * | | | Molly Langenstein | | | | 4,335(3) | | | | | * | | | ||||
| Jason Hogg | | | | 85,217 | | | | | * | | | Harold Lewis | | | | 22,591(3) | | | | | * | | | ||||
| Harold Lewis | | | | 12,447(5) | | | | | * | | | Glenn Marino | | | | 33,984(3) | | | | | * | | | ||||
| Glenn Marino | | | | 14,226(5) | | | | | * | | | Carol McFate | | | | 33,365(3) | | | | | * | | | ||||
| Carol McFate | | | | 17,356(5) | | | | | * | | | Tyler Montrone | | | | 43,488 | | | | | * | | | ||||
| Bryan Pechersky | | | | 2,861 | | | | | * | | | Sudeep Gautam | | | | 1,148 | | | | | * | | | ||||
| Maureen Short | | | | 155,312 | | | | | * | | | Jen You | | | | 19,806(3) | | | | | * | | | ||||
| B.C. Silver | | | | 5,536(5) | | | | | * | | | All executive officers and directors as a group (14 total) | | | | 1,456,385 | | | | | 2.7% | | | ||||
| Jen You | | | | 3,648(5) | | | | | * | | | BlackRock, Inc. | | | | 7,994,748(4) | | | | | 14.6%(4) | | | ||||
| All executive officers and directors as a group (15 total) | | | | 6,488,017 | | | | | 11.0% | | | FMR LLC | | | | 6,849,791(5) | | | | | 12.6%(5) | | | ||||
| BlackRock, Inc. | | | | 9,692,234(6) | | | | | 16.4%(6) | | | The Vanguard Group | | | | 5,796,072(6) | | | | | 10.6%(6) | | | ||||
| The Vanguard Group | | | | 7,035,107(7) | | | | | 11.9%(7) | | | Aaron Allred | | | | 5,102,682(7) | | | | | 9.4%(7) | | | ||||
| FMR LLC | | | | 4,050,393(8) | | | | | 6.8%(8) | | |
| Name | | | Common Stock Underlying Restricted Stock Units | | | Common Stock Underlying Performance Stock Units | | | Shares Issuable upon Exercise of Options | | |||||||||
| Mitchell Fadel | | | | | — | | | | | | — | | | | | | | | |
| | | | | — | | | | | | — | | | | | | | | ||
| Anthony Blasquez | | | | | — | | | | | | — | | | | | | | | |
| | | | | — | | | | | | — | | | | | | — | | | |
| | | | | — | | | | | | — | | | | | | | |
By: | |
| | | | Year Ended December 31, 2023 | | |||||||||||||||||||||||||||||||||
| (In thousands) | | | Gross Profit | | | Operating Profit | | | Earnings Before Income Tax | | | Tax Expense | | | Net (Loss) Earnings | | | Diluted (Loss) Earnings per Share | | ||||||||||||||||||
| GAAP Results | | | | $ | 2,022,258 | | | | | $ | 162,865 | | | | | $ | 52,867 | | | | | $ | 58,046 | | | | | $ | (5,179) | | | | | $ | (0.09) | | |
| Plus: Special Items | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Acima equity consideration vesting | | | | | — | | | | | | 137,507 | | | | | | 137,507 | | | | | | (28,876) | | | | | | 166,383 | | | | | | 2.95 | | |
| Acima acquired assets depreciation and amortization(1) | | | | | — | | | | | | 72,934 | | | | | | 72,934 | | | | | | 45,826 | | | | | | 27,108 | | | | | | 0.48 | | |
| Accelerated software depreciation | | | | | — | | | | | | 9,218 | | | | | | 9,218 | | | | | | 5,792 | | | | | | 3,426 | | | | | | 0.06 | | |
| Legal settlements | | | | | — | | | | | | 319 | | | | | | 319 | | | | | | 200 | | | | | | 119 | | | | | | — | | |
| Other(2) | | | | | — | | | | | | (3,069) | | | | | | (3,069) | | | | | | (1,928) | | | | | | (1,141) | | | | | | (0.02) | | |
| Discrete income tax items | | | | | — | | | | | | — | | | | | | — | | | | | | (9,546) | | | | | | 9,546 | | | | | | 0.17 | | |
| Non-GAAP Adjusted Results | | | | $ | 2,022,258 | | | | | $ | 379,774 | | | | | $ | 269,776 | | | | | $ | 69,514 | | | | | $ | 200,262 | | | | | $ | 3.55 | | |
| | | | Year Ended December 31, 2022 | | |||||||||||||||||||||||||||||||||
| (In thousands) | | | Gross Profit | | | Operating Profit | | | Earnings Before Income Tax | | | Tax Expense | | | Net Earnings | | | Diluted Earnings per Share | | ||||||||||||||||||
| GAAP Results | | | | $ | 2,079,532 | | | | | $ | 148,538 | | | | | $ | 61,471 | | | | | $ | 49,114 | | | | | $ | 12,357 | | | | | $ | 0.21 | | |
| Plus: Special Items | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Acima equity consideration vesting | | | | | — | | | | | | 143,210 | | | | | | 143,210 | | | | | | 15,431 | | | | | | 127,779 | | | | | | 2.16 | | |
| Acima acquired assets depreciation and amortization(1) | | | | | (2,853) | | | | | | 77,939 | | | | | | 77,939 | | | | | | 8,397 | | | | | | 69,542 | | | | | | 1.18 | | |
| IT asset disposals | | | | | — | | | | | | 5,808 | | | | | | 5,808 | | | | | | 626 | | | | | | 5,182 | | | | | | 0.09 | | |
| Cost savings initiatives | | | | | — | | | | | | 1,726 | | | | | | 1,726 | | | | | | 186 | | | | | | 1,540 | | | | | | 0.03 | | |
| Store closure costs | | | | | — | | | | | | 1,368 | | | | | | 1,368 | | | | | | 147 | | | | | | 1,221 | | | | | | 0.02 | | |
| Retail partner conversion losses | | | | | — | | | | | | 1,169 | | | | | | 1,169 | | | | | | 126 | | | | | | 1,043 | | | | | | 0.02 | | |
| State tax audit assessment reserves | | | | | — | | | | | | 1,165 | | | | | | 1,165 | | | | | | 126 | | | | | | 1,039 | | | | | | 0.02 | | |
| Hurricane impacts | | | | | — | | | | | | 249 | | | | | | 249 | | | | | | 27 | | | | | | 222 | | | | | | — | | |
| Acima transaction costs | | | | | — | | | | | | 187 | | | | | | 187 | | | | | | 20 | | | | | | 167 | | | | | | — | | |
| Legal settlements | | | | | — | | | | | | (181) | | | | | | (181) | | | | | | (20) | | | | | | (161) | | | | | | — | | |
| Other | | | | | — | | | | | | (210) | | | | | | (210) | | | | | | (23) | | | | | | (187) | | | | | | — | | |
| Discrete income tax items | | | | | — | | | | | | — | | | | | | — | | | | | | 1,532 | | | | | | (1,532) | | | | | | (0.03) | | |
| Non-GAAP Adjusted Results | | | | $ | 2,076,679 | | | | | $ | 380,968 | | | | | $ | 293,901 | | | | | $ | 75,689 | | | | | $ | 218,212 | | | | | $ | 3.70 | | |
| | | | Year Ended December 31, 2023 | | |||||||||||||||||||||||||||||||||
| (In thousands) | | | Rent-A- Center | | | Acima | | | Mexico | | | Franchising | | | Corporate | | | Consolidated | | ||||||||||||||||||
| Net earnings (loss) | | | | $ | 273,518 | | | | | $ | 235,480 | | | | | $ | 4,846 | | | | | $ | 17,087 | | | | | $ | (536,110) | | | | | $ | (5,179) | | |
| Plus: Interest, net | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 109,998 | | | | | | 109,998 | | |
| Plus: Income tax expense | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 58,046 | | | | | | 58,046 | | |
| Operating profit (loss) | | | | | 273,518 | | | | | | 235,480 | | | | | | 4,846 | | | | | | 17,087 | | | | | | (368,066) | | | | | | 162,865 | | |
| Plus: Amortization, Depreciation | | | | | 18,816 | | | | | | 1,661 | | | | | | 1,206 | | | | | | 146 | | | | | | 29,492 | | | | | | 51,321 | | |
| Plus: Stock-based compensation | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 24,609 | | | | | | 24,609 | | |
| Plus: Special Items | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Acima equity consideration vesting | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 137,507 | | | | | | 137,507 | | |
| Acima acquired assets depreciation and amortization(1) | | | | | — | | | | | | 57,048 | | | | | | — | | | | | | — | | | | | | 15,886 | | | | | | 72,934 | | |
| Accelerated software depreciation | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 9,218 | | | | | | 9,218 | | |
| Legal settlements | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 319 | | | | | | 319 | | |
| Other(2) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (3,069) | | | | | | (3,069) | | |
| Adjusted EBITDA(3) | | | | $ | 292,334 | | | | | $ | 294,189 | | | | | $ | 6,052 | | | | | $ | 17,233 | | | | | $ | (154,104) | | | | | $ | 455,704 | | |
| Plus: Annual cash incentive | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 17,900 | | | | | | 17,900 | | |
| Adjusted EBITDA(4) | | | | $ | 292,334 | | | | | $ | 294,189 | | | | | $ | 6,052 | | | | | $ | 17,233 | | | | | $ | (136,204) | | | | | $ | 473,604 | | |
| | | | Year Ended December 31, 2022 | | |||||||||||||||||||||||||||||||||
| (In thousands) | | | Rent-A- Center | | | Acima | | | Mexico | | | Franchising | | | Corporate | | | Consolidated | | ||||||||||||||||||
| Net earnings (loss) | | | | $ | 334,525 | | | | | $ | 151,301 | | | | | $ | 6,267 | | | | | $ | 19,124 | | | | | $ | (498,860) | | | | | $ | 12,357 | | |
| Plus: Interest, net | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 87,067 | | | | | | 87,067 | | |
| Plus: Income tax expense | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 49,114 | | | | | | 49,114 | | |
| Operating profit (loss) | | | | | 334,525 | | | | | | 151,301 | | | | | | 6,267 | | | | | | 19,124 | | | | | | (362,679) | | | | | | 148,538 | | |
| Plus: Amortization, Depreciation | | | | | 20,526 | | | | | | 1,928 | | | | | | 711 | | | | | | 146 | | | | | | 29,768 | | | | | | 53,079 | | |
| Plus: Stock-based compensation | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 19,399 | | | | | | 19,399 | | |
| Plus: Special Items | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Acima equity consideration vesting | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 143,210 | | | | | | 143,210 | | |
| Acima acquired assets depreciation and amortization(1) | | | | | — | | | | | | 62,052 | | | | | | — | | | | | | — | | | | | | 15,887 | | | | | | 77,939 | | |
| IT Asset disposals | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 5,808 | | | | | | 5,808 | | |
| Cost savings initiatives | | | | | 118 | | | | | | (384) | | | | | | — | | | | | | — | | | | | | 1,992 | | | | | | 1,726 | | |
| Store closure costs | | | | | 1,368 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,368 | | |
| Retail partner conversion losses | | | | | — | | | | | | 1,169 | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,169 | | |
| State tax audit assessment reserves | | | | | — | | | | | | 1,165 | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,165 | | |
| Hurricane impacts | | | | | 249 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 249 | | |
| Acima transaction costs | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 187 | | | | | | 187 | | |
| Legal settlements | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (181) | | | | | | (181) | | |
| Other | | | | | — | | | | | | 77 | | | | | | — | | | | | | — | | | | | | (287) | | | | | | (210) | | |
| Adjusted EBITDA(2) | | | | $ | 356,786 | | | | | $ | 217,308 | | | | | $ | 6,978 | | | | | $ | 19,270 | | | | | $ | (146,896) | | | | | $ | 453,446 | | |
| Plus: Annual cash incentive | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 5,081 | | | | | | 5,081 | | |
| Adjusted EBITDA(3) | | | | $ | 356,786 | | | | | $ | 217,308 | | | | | $ | 6,978 | | | | | $ | 19,270 | | | | | $ | (141,815) | | | | | $ | 458,527 | | |
| | | | Year Ended December 31, 2021 | | |||||||||||||||||||||||||||||||||
| (In thousands) | | | Rent-A- Center | | | Acima | | | Mexico | | | Franchising | | | Corporate | | | Consolidated | | ||||||||||||||||||
| Net earnings (loss) | | | | $ | 448,905 | | | | | $ | 176,496 | | | | | $ | 7,858 | | | | | $ | 20,321 | | | | | $ | (503,058) | | | | | $ | 134,940 | | |
| Plus: Debt refinancing charges | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 15,582 | | | | | | 15,582 | | |
| Plus: Interest, net | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 70,653 | | | | | | 70,653 | | |
| Plus: Income tax expense | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 59,364 | | | | | | 59,364 | | |
| Operating profit (loss) | | | | | 448,905 | | | | | | 176,496 | | | | | | 7,858 | | | | | | 20,321 | | | | | | (373,041) | | | | | | 280,539 | | |
| Plus: Amortization, Depreciation | | | | | 18,588 | | | | | | 2,122 | | | | | | 511 | | | | | | 93 | | | | | | 33,516 | | | | | | 54,830 | | |
| Plus: Special Items | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Acima equity consideration vesting | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 127,060 | | | | | | 127,060 | | |
| Acima acquired assets depreciation and amortization(1) | | | | | — | | | | | | 87,455 | | | | | | — | | | | | | — | | | | | | 13,239 | | | | | | 100,694 | | |
| Acima transaction costs | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 17,680 | | | | | | 17,680 | | |
| Legal settlement reserves | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 17,500 | | | | | | 17,500 | | |
| Acima integration costs | | | | | 14 | | | | | | 6,849 | | | | | | — | | | | | | — | | | | | | 3,442 | | | | | | 10,305 | | |
| Hurricane impacts | | | | | 1,276 | | | | | | 148 | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,424 | | |
| Store closure costs | | | | | 528 | | | | | | — | | | | | | 3 | | | | | | — | | | | | | — | | | | | | 531 | | |
| COVID-19 testing | | | | | 293 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 293 | | |
| | | | Year Ended December 31, 2021 | | |||||||||||||||||||||||||||||||||
| (In thousands) | | | Rent-A- Center | | | Acima | | | Mexico | | | Franchising | | | Corporate | | | Consolidated | | ||||||||||||||||||
| State tax audit assessment reserve | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 161 | | | | | | 161 | | |
| Adjusted EBITDA(2) | | | | $ | 469,604 | | | | | $ | 273,070 | | | | | $ | 8,372 | | | | | $ | 20,414 | | | | | $ | (160,443) | | | | | $ | 611,017 | | |
| Plus: Annual cash incentive | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 11,412 | | | | | | 11,412 | | |
| Plus: Stock-based compensation(3) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 20,497 | | | | | | 20,497 | | |
| Adjusted EBITDA(4) | | | | $ | 469,604 | | | | | $ | 273,070 | | | | | $ | 8,372 | | | | | $ | 20,414 | | | | | $ | (128,534) | | | | | $ | 642,926 | | |
| | | | Year Ended December 31, 2020 | | |||||||||||||||||||||||||||||||||
| (In thousands) | | | Rent-A- Center | | | Acima | | | Mexico | | | Franchising | | | Corporate | | | Consolidated | | ||||||||||||||||||
| Net earnings (loss) | | | | $ | 333,379 | | | | | $ | 57,847 | | | | | $ | 5,798 | | | | | $ | 12,570 | | | | | $ | (201,479) | | | | | $ | 208,115 | | |
| Plus: Interest, net | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 14,557 | | | | | | 14,557 | | |
| Plus: Income tax expense | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 14,664 | | | | | | 14,664 | | |
| Operating profit (loss) | | | | | 333,379 | | | | | | 57,847 | | | | | | 5,798 | | | | | | 12,570 | | | | | | (172,258) | | | | | | 237,336 | | |
| Plus: Amortization, Depreciation | | | | | 19,912 | | | | | | 2,066 | | | | | | 413 | | | | | | 40 | | | | | | 34,227 | | | | | | 56,658 | | |
| Plus: Special Items | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| California refranchise store sale | | | | | 16,600 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 16,600 | | |
| Legal settlement reserves | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 7,900 | | | | | | 7,900 | | |
| Acima transaction costs | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 6,400 | | | | | | 6,400 | | |
| Legal settlement | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (2,800) | | | | | | (2,800) | | |
| Store closure costs | | | | | 2,052 | | | | | | — | | | | | | 37 | | | | | | — | | | | | | — | | | | | | 2,089 | | |
| Asset disposals | | | | | 531 | | | | | | 4 | | | | | | — | | | | | | — | | | | | | 1,269 | | | | | | 1,804 | | |
| Cost savings initiatives | | | | | 577 | | | | | | 193 | | | | | | — | | | | | | — | | | | | | 813 | | | | | | 1,583 | | |
| State tax audit assessment reserves | | | | | 261 | | | | | | 400 | | | | | | — | | | | | | — | | | | | | 564 | | | | | | 1,225 | | |
| COVID-19 impacts | | | | | 883 | | | | | | 115 | | | | | | — | | | | | | — | | | | | | 155 | | | | | | 1,153 | | |
| Nationwide protest impacts | | | | | 942 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 942 | | |
| Insurance proceeds | | | | | (341) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (341) | | |
| Adjusted EBITDA(1) | | | | $ | 374,796 | | | | | $ | 60,625 | | | | | $ | 6,248 | | | | | $ | 12,610 | | | | | $ | (123,730) | | | | | $ | 330,549 | | |
| Plus: Annual cash incentive | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 13,427 | | | | | | 13,427 | | |
| Plus: Stock-based compensation(2) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| Adjusted EBITDA(3) | | | | $ | 374,796 | | | | | $ | 60,625 | | | | | $ | 6,248 | | | | | $ | 12,610 | | | | | $ | (110,303) | | | | | $ | 343,976 | | |
| | | | Year Ended December 31, | | |||||||||
| (In thousands) | | | 2023 | | | 2022 | | ||||||
| Net cash provided by operating activities | | | | $ | 200,290 | | | | | $ | 468,460 | | |
| Purchase of property assets | | | | | (53,402) | | | | | | (61,387) | | |
| Free cash flow | | | | $ | 146,888 | | | | | $ | 407,073 | | |