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| | IF YOU PLAN TO ATTEND THE ANNUAL MEETING | | |
| | We will be hosting our Annual Meeting via live webcast only. Any stockholder can attend the Annual Meeting live online at www.virtualshareholdermeeting.com/ | | |
| | | Fiscal 2022 | | | Fiscal 2021 | | ||||||
Audit Fees(1) | | | | $ | 1,380,788 | | | | | $ | 1,402,380 | | |
Audit-Related Fees(2) | | | | | 159,385 | | | | | | — | | |
All Other Fees(3) | | | | | 1,780 | | | | | | 81,435 | | |
Total Fees | | | | $ | 1,541,953 | | | | | $ | 1,483,815 | | |
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| | | | | A-1 | | | |
| | | | | B-1 | | |
| | David Overton Director Since: 1992 Age: 77 | | | | Mr. Overton has served as our Chairman of the Board and Chief Executive Officer since our incorporation in 1992. He co-founded the Company with his parents, Evelyn and Oscar Overton. Mr. Overton created the namesake concept and opened the first The Cheesecake Factory restaurant in 1978 in Beverly Hills, California. He has grown The Cheesecake Factory® into an international brand and created three other concepts, Grand Lux Cafe®, RockSugar Southeast Asian Kitchen® and Social Monk Asian Kitchen®. Under Mr. Overton’s leadership, the Company acquired FRC, including the North Italia® brand. Other Experience: • Founding member and director of The Cheesecake Factory Oscar and Evelyn Overton Charitable Foundation, a 501(c)(3) qualified, non-profit charitable organization Awards and Recognition: • Elliott Group’s Legacy Award, recognizing excellence in leadership, lifetime achievement, and contributions of outstanding significance • International Foodservice Manufacturers Association “Silver Plate Award,” recognizing the most outstanding and innovative talent in foodservice operations • “Executive of the Year Award” from Restaurants & Institutions Magazine • “MenuMasters Hall of Fame Award” and “Golden Chain Award” from Nation’s Restaurant News, for outstanding contributions to menu design and foodservice research and development • “Entrepreneur of the Year” in the Food Services category for the Los Angeles region by Ernst & Young, for demonstrated excellence and extraordinary success in innovation, performance and personal commitment to The | | |
| | | | | | Cheesecake Factory and the communities our restaurants serve • Leadership Roundtable-Industry Leadership Award Qualifications: When evaluating Mr. Overton’s qualifications for continuation of his Board service, the Governance Committee and the Board considered Mr. Overton’s essential leadership role with us, his unique perspective and understanding of our mission, vision and values, the extent and depth of his knowledge and experience related to us and our concepts and the importance of Mr. Overton’s strategic vision. | | |
| | Edie A. Ames Director Since: 2016 Age: 57 Committee: Compensation | | | | Ms. Ames has over 35 years of restaurant industry experience across the casual dining, fast casual and fine dining segments. Business Experience: • Chief Executive Officer of Tastes on the Fly Airport Restaurant Group (2019-Present) • Chief Executive Officer of The Pie Hole, a fast casual dining restaurant (2018-2019) • President of The Counter and BUILT® Custom Burgers (2015-2018) • Executive Vice President of Wolfgang Puck Catering (2013-2015) • Chief Operating Officer of Real Mex Restaurants (2011-2013) and Del Frisco’s Restaurant Group (2010-2011) • President of Morton’s Restaurant Group (2005-2010) • Various roles at California Pizza Kitchen, Inc. (1993-2005) Qualifications: When evaluating Ms. Ames’ qualifications for Board service, the Governance Committee and the Board considered Ms. Ames’ more than 35 years of restaurant industry experience, including operational experience, domestic and international licensing and franchise experience, and her numerous leadership roles with a variety of restaurant concepts across the casual dining, fast casual and fine dining segments. | | |
| | Alexander L. Cappello Director Since: 2008 Age: 68 Committees: Audit; Compensation (Chairperson) | | | | Mr. Cappello has led several public and private companies over the past 51 years. Business Experience: • Chairman and Chief Executive Officer of Cappello Global, LLC (1996-Present) and of numerous Cappello entities, including a merchant bank and investment banks, whose principals have transacted business since 1973. Public Company Boards: • Lead director of Virco Manufacturing Corporation (Nasdaq) (2016-2023) • Chairman of Navidea Biopharmaceuticals (NYSE) (2021-2023) • Director of Genius Products Inc. (Nasdaq) (2004-2005) • Chairman of Inter-Tel (Nasdaq) (2005-2007) | | |
| | | | | | Other Experience: • Former Director of Cytrx • Director of Koo Koo Roo, Inc. (1997-1998) • Former Chairman of Intelligent Energy, PLC • Former Chairman of Geothermal Resources Intl. (AMEX) • Trustee of University of Southern California (2005-2010) Qualifications: When evaluating Mr. Cappello’s qualifications for continuation of his Board service, the Governance Committee and the Board considered Mr. Cappello’s extensive executive management and financial background, international business, management and marketing experience, former service on the boards of other public companies, including another restaurant company, experience with alternative energy sources and his corporate governance expertise. The Governance Committee and the Board have determined that Mr. Cappello’s experience qualifies him to serve as an “audit committee financial expert” on our Board. | | |
| | Khanh Collins Director Since: 2021 Age: 60 Committee: Governance | | | | Ms. Collins has over 33 years of restaurant industry experience in fine casual, full-service casual and fine dining. Business Experience: • Chief Executive Officer of the Sustainable Restaurant Group, whose brands include, among others, Bamboo Sushi, Sizzle Pie, Submarine Hospitality and Mr. West (2023-Present) • Senior Vice President, Retail Food Group for Thompson Hospitality, a food service management company (2019-2022) • Vice President of U.S. Operations and Global Training for the ONE Group/STK (2018-2019) • Chief Operating Officer and Senior Vice President of Bravo Brio Restaurant Group (2013-2018) • Various roles at McCormick and Schmick Seafood Restaurants (1996-2012) Qualifications: When evaluating Ms. Collins’ qualification for Board service, the Governance Committee and the Board considered Ms. Collins’ more than 33 years’ experience in the restaurant industry and her expertise in human capital management. | | |
| | Adam S. Gordon Director Since: 2022 Age: 57 Committee: Compensation | | | | Mr. Gordon has over 33 years of experience in real estate management and development and global marketing and publicity. Business Experience: • Managing director of Gordon Property Group, a real estate management and development company. In this role, he is in charge of marketing and strategic relationships for commercial buildings and other properties. (2019-Present) • President of ASG Global Entertainment, a production and marketing company he founded (2016-Present) • Former Executive Director of Publicity, Sony Pictures International, leading publicity and awards campaigns (1991-2003) Qualifications: When evaluating Mr. Gordon’s qualifications for Board service, the Governance Committee and the Board considered his extensive background in global marketing and promotions and his deep experience in the entertainment industry. | | |
| | Jerome I. Kransdorf Director Since: 1997 Age: 85 Committees: Compensation; Governance (Chairperson) | | | | Mr. Kransdorf has extensive investment management experience. Mr. Kransdorf serves as our lead director. Business Experience: • President Emeritus (since 2014) of JaK Direct, a division of Muriel Siebert & Co., Inc. where he worked from 2001 to 2014 • Former Senior Vice President, J. & W. Seligman & Co. Incorporated, an investment advisory firm (1997-2001) • Investment and senior management roles, Wertheim & Co. and its successor companies (1959-1997) Qualifications: When evaluating Mr. Kransdorf’s qualifications for continuation of his Board service, the Governance Committee and the Board considered Mr. Kransdorf’s extensive investment management experience, his depth of knowledge and experience specific to us. | | |
| | Janice L. Meyer Director Since: 2020 Age: 64 Committee: Audit | | | | Ms. Meyer has over 29 years of restaurant investment experience. Business Experience: • Co-Founder and Managing Partner of Rellevant Partners, a private equity firm (2019-Present) • Managing Director and Senior Restaurant Analyst in the Equity Research Department of Donaldson Lufkin & Jenrette, which was acquired by Credit Suisse Group AG (NYSE) in 2000 (1998-2008) • Managing Director in the investment banking division of Morgan Stanley (NYSE) (2008-2010) Other Experience: • Director at Tillster, Inc., a food ordering and delivery technology company (2007-Present) • Director at Rasa Worldwide, Inc, a company specializing in fast-casual Indian food (2022-Present) • Director of Chopt Creative Salad Co. (now known as Founders Table Restaurant Group), a fast casual restaurant group (2010-2013) • Trustee of the Windward School in New York (2015-2023) Qualifications: When evaluating Ms. Meyer’s qualifications for Board service, the Governance Committee and the Board considered Ms. Meyer’s more than 29 years’ experience in the restaurant industry, extensive restaurant specific financial background and experience as a restaurant stock analyst. The Governance Committee and the Board has determined that Ms. Meyer’s experience qualifies her to serve as an “audit committee financial expert” on our Board. | | |
| | Laurence B. Mindel Director Since: 2012 Age: 86 Committees: Compensation; Governance | | | | Mr. Mindel has more than 54 years of experience as a restaurant creator, developer and operator. Business Experience: • Managing Partner of Poggio Trattoria, an award-winning Italian restaurant in Sausalito, CA (2003-Present) • Managing Partner of Copita Tequileria Y Comida, a “modern” Mexican restaurant in Sausalito, CA (2012-Present) | | |
| | | | | | • Managing Partner of Convivo, a “nomad Italian” restaurant in Santa Barbara, CA (2016-Present) • Co-founder of Spectrum Foods whose restaurant portfolio once included, among others, California-based restaurants Ciao, Prego, MacArthur Park, Guaymas and Harry’s Bar. Following the acquisition of Spectrum Foods by Saga Corp. (NYSE) in 1984, Mr. Mindel served as President of Saga’s restaurant group where he directed the operations of more than 200 restaurants with combined revenue of over $375 million (1984-1986) • Founder of Il Fornaio, a restaurant and bakery company which became public in 1997 (Nasdaq) and was subsequently taken private in 2001 (1986-2011) Awards and Recognition: • Nation’s Restaurant News “Golden Chain” award • International Foodservice Manufacturers Association “Gold Plate” award • Food Arts Magazine “Silver Spoon” award • Leadership Roundtable Conference award for Distinguished & Exemplary Leadership in the Food Service Industry • Inducted into the California Restaurant Association’s Hall of Fame • The first American and the first person of non-Italian descent to be awarded the Caterina de Medici Medal from the Italian government, recognizing excellence in the preservation of Italian heritage outside of Italy Qualifications: When evaluating Mr. Mindel’s qualifications for continuation of his Board service, the Governance Committee and the Board considered Mr. Mindel’s more than 54 years’ experience in the restaurant industry, both as a concept creator and an operator and his experience guiding a publicly-traded restaurant company. | | |
| | David B. Pittaway Director Since: 2009 Age: 72 Committee: Audit (Chairperson) | | | | Mr. Pittaway has more than 35 years of experience in finance, investment banking and private equity. Business Experience: • Vice Chairman, Senior Managing Director, Senior Vice President, Secretary and Chief Compliance Officer of Castle Harlan, Inc., a private equity firm (1987-Present) • Vice Chairman and Chief Compliance Officer of Branford Castle, Inc., an investment company (October 1986-Present) • Director and Vice Chairman of Branford Chain, Inc. (1987-Present) • Vice President and Chief Financial Officer of Branford Chain, Inc. (1987-1998) • Vice President of Strategic Planning and Assistant to the President of Donaldson, Lufkin & Jenrette, Inc., an investment banking firm (1985-1986) Public Company Boards: • Director of Shelf Drilling, Inc. (OSLO) (2015-Present) • Director of Bravo Brio Restaurant Group (Nasdaq) (2006-2018) • Director of Morton’s Restaurant Group (NYSE) (1988-2012) • Director of McCormick & Schmick’s Seafood Restaurants (Nasdaq) (1994-1997 and 2002-2009) • Director of Dave & Buster’s, Inc. (Nasdaq) (2003-2006) | | |
| | | | | | Other Experience: • Director of Caribbean Restaurants, Inc. (2004-2023) • Director of TooJays Restaurants (2013-2020) • Director of Colyar Technologies, Inc. (2019-2020) • Director of Gold Star Foods, Inc. (2014-2019) • Director and co-founder of the Armed Forces Reserve Family Assistance Fund • Audit Committee member of the University of Kansas Endowment Association Board of Trustees Qualifications: When evaluating Mr. Pittaway’s qualifications for continuation of his Board service, the Governance Committee and the Board considered his extensive financial and industry experience, including his service on audit committees of other public restaurant companies, his compliance background and familiarity with SEC rules and regulations related to public companies. The Governance Committee and the Board has determined that Mr. Pittaway’s experience qualifies him to serve as an “audit committee financial expert” on our Board. | | |
| | Except as set forth above, each nominee has been engaged in his or her principal occupation described above during the past five years. There are no family relationships between any of our directors or executive officers as defined under SEC rules. | | |
General. Our Bylaws provide for a board of directors consisting of no less than five and no more than thirteen members. The exact number within this range is determined by resolution of the Board. The Board currently has set the number of directors at nine. | ||||||||
| | Board Member | | | | Audit Committee | | | | Compensation Committee(1) | | | | Corporate Governance and Nominating Committee(1) | | |
| | David Overton, Chairman of the Board | | | | — | | | | — | | | | — | | |
| | Edie A. Ames | | | | — | | | | Member | | | | — | | |
| | Alexander L. Cappello | | | | Member* | | | | Chair | | | | — | | |
| | Khanh Collins | | | | — | | | | — | | | | Member | | |
| | Adam S. Gordon | | | | — | | | | | | | — | | | |
| | Jerome I. Kransdorf, Lead Director | | | | — | | | | Member | | | | Chair | | |
| | Janice L. Meyer | | | | | | | — | | | | — | | | |
| | Laurence B. Mindel | | | | — | | | | Member | | | | Member | | |
| | David B. Pittaway | | | | Chair* | | | | — | | | | — | | |
| | Board of Directors Fees(1) | | | | Fiscal 2022 | | | | Board of Directors Fees(1) | | | | Fiscal 2023 | | | ||||||
| | Annual fee | | | | | $ | 100,000 | | | | | Annual fee | | | | | $ | 100,000 | | | |
| | Annual equity grant or cash payment in lieu of equity grant(2) | | | | | $ | 115,000 | | | | | Annual equity grant or cash payment in lieu of equity grant(2) | | | | | $ | 115,000 | | | |
| | Lead Director annual fee | | | | | $ | 25,000 | | | | | Lead Director annual fee | | | | | $ | 25,000 | | | |
| | Audit Committee Chair annual fee | | | | | $ | 15,000 | | | | | Audit Committee Chair annual fee | | | | | $ | 15,000 | | | |
| | Compensation Committee Chair annual fee | | | | | $ | 12,500 | | | | | Compensation Committee Chair annual fee | | | | | $ | 12,500 | | | |
| | Governance Committee Chair annual fee | | | | | $ | 10,000 | | | | | Governance Committee Chair annual fee | | | | | $ | 10,000 | | | |
| | Name | | | | Fees earned or paid in cash ($) | | | | Stock Awards ($)(1) | | | | Total ($) | | | | Name | | | | Fees earned or paid in cash ($) | | | | Stock Awards ($)(1) | | | | Change in Pension Value and Non-qualified Deferred Compensation Earnings(2) | | | | Total ($) | | | |||||||||||||||||||||
| | Edie A. Ames(2) | | | | | $ | 215,000 | | | | | | | — | | | | | | $ | 215,000 | | | | | Edie A. Ames(3) | | | | | $ | 215,000 | | | | | | | — | | | | | | $ | 13,500 | | | | | | $ | 228,500 | | | |
| | Alexander L. Cappello | | | | | $ | 112,500 | | | | | | $ | 115,000 | | | | | | $ | 227,500 | | | | | Alexander L. Cappello(4) | | | | | $ | 119,500 | | | | | | $ | 115,000 | | | | | | | N/A | | | | | | $ | 234,500 | | | |
| | Khanh (“Connie”) Collins | | | | | $ | 100,000 | | | | | | $ | 115,000 | | | | | | $ | 215,000 | | | | | Khanh (“Connie”) Collins(4) | | | | | $ | 107,000 | | | | | | $ | 115,000 | | | | | | | N/A | | | | | | $ | 222,000 | | | |
| | Paul Ginsberg (all paid to Roark)(3) | | | | | $ | 208,065 | | | | | | | — | | | | | | $ | 208,065 | | | | | Adam S. Gordon(4) | | | | | $ | 107,000 | | | | | | $ | 115,000 | | | | | | | N/A | | | | | | $ | 222,000 | | | |
| | Adam S. Gordon(4) | | | | | $ | 5,780 | | | | | | | — | | | | | | $ | 5,780 | | | | | Jerome I. Kransdorf | | | | | $ | 250,000 | | | | | | | — | | | | | | $ | 51,437 | | | | | | $ | 301,437 | | | |
| | Jerome I. Kransdorf | | | | | $ | 250,000 | | | | | | | — | | | | | | $ | 250,000 | | | | | Janice Meyer(4) | | | | | $ | 107,000 | | | | | | $ | 115,000 | | | | | | | N/A | | | | | | $ | 222,000 | | | |
| | Janice Meyer | | | | | $ | 100,000 | | | | | | $ | 115,000 | | | | | | $ | 215,000 | | | | | Laurence B. Mindel | | | | | $ | 215,000 | | | | | | | — | | | | | | | N/A | | | | | | $ | 215,000 | | | |
| | Laurence B. Mindel | | | | | $ | 215,000 | | | | | | | — | | | | | | $ | 215,000 | | | | | David B. Pittaway(4) | | | | | $ | 176,000 | | | | | | $ | 57,500 | | | | | | | N/A | | | | | | $ | 233,500 | | | |
| | David B. Pittaway | | | | | $ | 172,500 | | | | | | $ | 57,500 | | | | | | $ | 230,000 | | | | | Herbert Simon | | | | | $ | 215,000 | | | | | | | — | | | | | | | N/A | | | | | | $ | 215,000 | | | |
| | Herbert Simon | | | | | $ | 215,000 | | | | | | | — | | | | | | $ | 215,000 | | | |
| | | Fiscal 2023 | | | Fiscal 2022 | | ||||||
Audit Fees(1) | | | | $ | 1,408,475 | | | | | $ | 1,380,788 | | |
All Other Fees(2) | | | | | 19,077 | | | | | | 161,165 | | |
Total Fees | | | | $ | 1,427,552 | | | | | $ | 1,541,953 | | |
| Dated: April 3, 2024 | | | Respectfully submitted, | |
| | | | David B. Pittaway, Chair Alexander L. Cappello Janice L. Meyer | |
| | Pay Element | | | | | | | Individual Pay Adjustments | | | |
| | Base Salary | | | | • n/a | | | | • Base salary increases ranged from | | |
| | Performance Incentive Plan Corporate: —75% Adjusted EBITDAR — 25% Strategic Goals Bakery Division: — 50% Adjusted EBITDAR — 25% Bakery division adjusted Gross Contribution — 25% Strategic Goals | | | | • | | | | • All target bonus opportunities remained unchanged from | | |
| | Long-Term Stock Incentive Plan —50% performance shares tied to total annual revenue growth, adjusted average annual sales per productive square foot and adjusted annual controllable profit goals, weighted equally, over a three-year period — 50% Stock Options and/or Time-Based Restricted Stock, at the election of the executives | | | | • There were no changes to the plan for fiscal | | | | • Long-term grant value increases ranged from | | |
| | What We Do | | | | What We Don’t Do | | |
| | Pay for Performance—A significant portion of executive compensation is performance-based, tied to pre-established performance goals aligned with our short- and long-term objectives and stockholder value creation | | | | No Payment of Dividends on Unvested Awards—Any dividends or dividend equivalents related to equity awards are subject to the same vesting restrictions as the underlying awards | | |
| | Focus on Retention and Long-Term Value | | | | No Single Trigger Benefits—Except where awards are not assumed by the surviving or acquiring entity, any payments or benefits in the event of a change in control require a qualifying termination of employment (“double trigger”) | | |
| | Stock Ownership Guidelines—We maintain stock ownership guidelines to encourage executives to think like our long-term stockholders | | | | No Automatic Retirement | | |
| | Compensation Recoupment Policy—We maintain a Clawback Policy in compliance with SEC guidance that applies when inaccurate financial statements have resulted in incentive payments and/or equity awards to our executives | | | | No Excessive Perquisites—We generally only provide perquisites to Named Executive Officers that are available to other members of senior management | | |
| | Effectively Manage Dilution— with a share repurchase program | | | | No Tax Gross-Ups Upon Change in Control—We do not gross-up executive perquisite taxes or excise taxes in connection with a change in control | | |
| | Regularly Consider Stockholder Feedback—We conduct an annual stockholder say-on-pay vote and we engage with interested stockholders and receive their feedback on our executive compensation program | | | | No Hedging and Pledging—We prohibit all employees and directors from engaging in hedging, pledging and speculative transactions in derivatives of Company securities | | |
| | Assess and Mitigate Risk—We conduct an annual risk assessment to identify any significant risks in our incentive compensation programs | | | | No “Repricing”—We prohibit repricing of stock options without stockholder approval | | |
| | Independent Compensation Consultant—Our Compensation Committee engages an independent consultant for objective advice regarding executive pay | | | | No Multi-Year Guarantees—We do not provide multi-year guarantees for salary increases, bonus or equity compensation | | |
| | Element | | | | Description | | | | Performance Considerations | | | | Primary Objectives | | |
| | Base Salary | | | | • Fixed cash payment | | | | • Based on level of responsibility, experience, tenure in role, individual performance and expected future value/contribution | | | | • Attract and retain talent • Provide competitive compensation • Recognize career experience • Reward individual performance | | |
| | Element | | | | Description | | | | Performance Considerations | | | | Primary Objectives | | |
| | Performance Incentive Plan | | | | • Variable performance-based annual cash incentive, tied to achieving pre-established financial and strategic goals | | | | • Target bonus is a percentage of base salary, based on management position • Bonus based 75% on achievement of adjusted EBITDAR (and adjusted Gross Contribution for the bakery division only), and 25% on achievement of strategic • Adjusted EBITDAR portion (and adjusted Gross Contribution for the bakery division only) can pay out from 25% • The actual amount of the bonus payable will be determined by the Compensation Committee and paid after the end of the fiscal year | | | | • Promote and reward high performance • Motivate achievement of Company, divisional and/or individual financial and/or strategic objectives over the year |
| | |||||||||||||||
| | Long-term Stock Incentive Plan | | | | • Performance-based restricted stock is earned based on a three-year performance period, and vests 60% after year three, 20% after year four, and 20% after year five if performance goals are achieved • Time-based restricted stock vests 60% after year three, 20% after year four and 20% after year five • Stock options vest 20% per year over five years | | | | • Value of all awards are directly linked to long-term stock price and options only have value if stock price increases • Performance restricted stock earned awards based on total annual revenue growth, adjusted average annual sales per productive square foot and adjusted annual controllable profit performance conditions over a three-year performance period | | | | • Build executive equity ownership to increase alignment of executive and stockholder interests • Attract and retain talent • Correlate our financial and stock price performance with executive compensation | | |
| | Element | | | | Description | | | | Performance Considerations | | | | Primary Objectives | | |
| | Retirement and Welfare Benefits | | | | • Medical, dental, vision, life and long-term disability insurance • • Defined benefit retirement agreement (for | | | | • | | | | • Attract and retain talent • Provide competitive compensation • Provide reasonable security to allow executives to perform at their best level | | |
| | Executive Perquisites | | | | • Company-leased vehicle or car allowance • • Relocation benefits on a case-by-case basis • Sabbatical leave program | | | | • | | | | • Attract and retain talent • Provide competitive benefits • Promote health and wellbeing of senior executives | | |
| | BJ’s Restaurants, Inc. | | | | Dave & Buster’s Entertainment, Inc. | | | | | | |
| | Bloomin’ Brands, Inc. | | | | Denny’s Corporation | | | | | | |
| | Brinker International, Inc. | | | | Dine Brands Global, Inc. | | | | | | |
| | Chipotle Mexican Grill, Inc. | | | | Domino’s Pizza, Inc. | | | | | | |
| | Cracker Barrel Old Country Store, Inc. | | | | Hyatt Hotels Corporation | | | | | | |
| | Darden Restaurants, Inc. | | | | | | | | | |
| | | | | | FY22 Base Salary | | | | % Change | | | | | | | | FY23 Base Salary | | | | % Change | | | ||||||||||||
| | David Overton, Chairman of the Board and Chief Executive Officer | | | | | $ | 995,000 | | | | | | | 0% | | | | | David Overton, Chairman of the Board and CEO | | | | | $ | 995,000 | | | | | | | 0% | | | |
| | David M. Gordon, President, The Cheesecake Factory Incorporated | | | | | $ | 720,000 | | | | | | | 3.6% | | | | | David M. Gordon, President, The Cheesecake Factory Incorporated | | | | | $ | 750,000 | | | | | | | 4.2% | | | |
| | Matthew E. Clark, Executive Vice President and Chief Financial Officer | | | | | $ | 570,000 | | | | | | | 3.5% | | | | | Matthew E. Clark, Executive Vice President and Chief Financial Officer | | | | | $ | 595,000 | | | | | | | 4.4% | | | |
| | Scarlett May, Executive Vice President, General Counsel and Secretary | | | | | $ | 545,000 | | | | | | | 3.8% | | | | | Scarlett May, Executive Vice President, General Counsel and Secretary | | | | | $ | 567,500 | | | | | | | 4.1% | | | |
| | Keith T. Carango, President, The Cheesecake Factory Bakery Incorporated | | | | | $ | 445,000 | | | | | | | 3.5% | | | | | Keith T. Carango, President, The Cheesecake Factory Bakery Incorporated | | | | | $ | 462,500 | | | | | | | 3.9% | | | |
| | | | | | Performance Incentive Plan Bonus as % of Salary(1) | | | |||||||||||||||||
| | | | | | Threshold(2) | | | | Target(3) | | | | Maximum(4) | | | |||||||||
| | David Overton | | | | | | 20.6% | | | | | | | 110.0% | | | | | | | 151.3% | | | |
| | David M. Gordon | | | | | | 15.0% | | | | | | | 80.0% | | | | | | | 110.0% | | | |
| | Matthew E. Clark | | | | | | 14.1% | | | | | | | 75.0% | | | | | | | 103.1% | | | |
| | Scarlett May | | | | | | 12.2% | | | | | | | 65.0% | | | | | | | 89.4% | | | |
| | Keith T. Carango | | | | | | 12.2% | | | | | | | 65.0% | | | | | | | 89.4% | | | |
| | | | | | Threshold/Target/Maximum | | | | Actual | | | | Performance vs. Target | | |
| | | | | $ | | | | $ | | | | Below Target 88% Payout | | | |
| | | | | $ | | | | $ | | | | Below Target | | | |
| | Strategic initiatives (25% of award) | | | ||||||||||||
| | • | | | | | | | | | | | 100% Completed 100% Payout | | | |
| | • | | | | Strengthen technology security through specified initiatives and training | | | | | | | | 100% Completed 100% Payout | | |
| | • | | | | | | | | | | | | |
| | | | | | Threshold/Target/Maximum | | | | Actual | | | | Performance vs. Target | | | ||||||||||||
| | | | | $ | | | | $ | | | | Below Target 88% Payout | | | |||||||||||||
| | Adjusted EBITDAR target—Second half of year (25% of award) | | | | $187.7M/$250.2M/$287.7M | | | | $240.6M | | | | Below Target 94% Payout | | | ||||||||||||
| | Bakery division adjusted Gross Contribution target—First half of the year (12.5% of award) | | | | $15.1M/$20.1M/$23.1M | | | | $15.7M | | | | Below Target 37% Payout | | | ||||||||||||
| | Bakery division adjusted Gross Contribution target—Second half of the year (12.5% of award) | | | | $14.4M/$19.2M/$22.1M | | | | $17.3M | | | | Below Target 77% Payout | | | ||||||||||||
| | 61% Payout | ||||||||||||||||||||||||||
Bakery division | 0% Payout | |||||||||||||||||||||||||||
0% Payout | ||||||||||||||||||||||||||||
| | |||||||||||||||||||||||||||
| | • | | | | | | | | | | | | | ||||||||||||||
| | • | | | | | | | | | | | | | ||||||||||||||
| | • | | | | | | | | | | | ||||||||||||||||
100% | | |
| | | | | | Target Award | | | | 2022 Actual Bonus Payout | | | | Actual Payout Compared to Target | | | | | | | | Target Award | | | | 2023 Actual Bonus Payout | | | | Actual Payout Compared to Target | | | ||||||||||||||||||
| | David Overton | | | | | $ | 1,094,500 | | | | | | $ | 835,377 | | | | | | | 76.33% | | | | | David Overton | | | | | $ | 1,094,500 | | | | | | $ | 1,020,621 | | | | | | | 93.25% | | | |
| | David M. Gordon | | | | | $ | 576,000 | | | | | | $ | 439,632 | | | | | | | 76.33% | | | | | David M. Gordon | | | | | $ | 600,000 | | | | | | $ | 559,500 | | | | | | | 93.25% | | | |
| | Matthew E. Clark | | | | | $ | 427,500 | | | | | | $ | 326,289 | | | | | | | 76.33% | | | | | Matthew E. Clark | | | | | $ | 446,250 | | | | | | $ | 416,128 | | | | | | | 93.25% | | | |
| | Scarlett May | | | | | $ | 354,250 | | | | | | $ | 270,381 | | | | | | | 76.33% | | | | | Scarlett May | | | | | $ | 368,875 | | | | | | $ | 343,976 | | | | | | | 93.25% | | | |
| | Keith T. Carango | | | | | $ | 289,250 | | | | | | $ | 163,065 | | | | | | | 56.38% | | | | | Keith T. Carango | | | | | $ | 300,625 | | | | | | $ | 223,890 | | | | | | | 74.48% | | | |
| | Name | | | | Number of Shares Subject to Nonqualified Stock Options | | | | Number of Restricted Stock Awards-Performance Targets(1) | | | | Number of Restricted Stock Awards-Time Based Vesting(2) | | | | Value of Combined Grants (thousands) | | | | Name | | | | Number of Shares Subject to Non-qualified Stock Options | | | | Number of Restricted Stock Awards-Performance Targets(1) | | | | Number of Restricted Stock Awards-Time Based Vesting(2) | | | | Value of Combined Grants (thousands) | | | ||||||||||||||||||||||||
| | David Overton | | | | | | — | | | | | | | 66,700 | | | | | | | 66,700 | | | | | | $ | 5,301 | | | | | David Overton | | | | | | — | | | | | | | 69,280 | | | | | | | 69,280 | | | | | | $ | 5,600,595 | | | |
| | David M. Gordon | | | | | | — | | | | | | | 16,650 | | | | | | | 16,650 | | | | | | $ | 1,323 | | | | | David M. Gordon | | | | | | — | | | | | | | 17,320 | | | | | | | 17,320 | | | | | | $ | 1,400,149 | | | |
| | Matthew E. Clark | | | | | | — | | | | | | | 15,100 | | | | | | | 15,100 | | | | | | $ | 1,200 | | | | | Matthew E. Clark | | | | | | 39,720 | | | | | | | 15,480 | | | | | | | — | | | | | | $ | 1,250,715 | | | |
| | Scarlett May | | | | | | — | | | | | | | 7,700 | | | | | | | 7,700 | | | | | | $ | 612 | | | | | Scarlett May | | | | | | — | | | | | | | 7,740 | | | | | | | 7,740 | | | | | | $ | 625,702 | | | |
| | Keith T. Carango | | | | | | — | | | | | | | 6,050 | | | | | | | 6,050 | | | | | | $ | 481 | | | | | Keith T. Carango | | | | | | — | | | | | | | 6,380 | | | | | | | 6,380 | | | | | | $ | 515,759 | | | |
| | Position with Company | | | | Multiple of Salary | | | |||
| | | | | | | 6x | | | | |
| | President of the Company or of our wholly owned subsidiaries, The Cheesecake Factory Restaurants, Inc. or The Cheesecake Factory Bakery Incorporated | | | | | | 2x | | | |
| | Executive Vice President of the Company | | | | | | 2x | | | |
| Dated: April | | | Respectfully submitted, | |
| | | | Alexander L. Cappello, Chairman Edie A. Ames Adam S. Gordon Jerome I. Kransdorf Laurence B. Mindel Herbert Simon | |
| | Name and Principal Position | | | | Fiscal Year | | | | Salary ($)(1) | | | | Bonus ($) | | | | Stock Awards ($) | | | | Option Awards ($)(2) | | | | Non-Equity Incentive Plan Compensation ($) | | | | Change in Pension Value and nonqualified Deferred Compensation Earnings ($)(3) | | | | All Other Compensation ($)(4) | | | | Total ($) | | | | Name and Principal Position | | | | Fiscal Year | | | | Salary ($)(1) | | | | Bonus ($) | | | | Stock Awards ($) | | | | Option Awards ($)(2) | | | | Non-Equity Incentive Plan Compensation ($) | | | | Change in Pension Value and non-qualified Deferred Compensation Earnings ($)(3) | | | | All Other Compensation ($)(4) | | | | Total ($) | | | |||||||||||||||||||||||||||||||||||||||||||||
| | David Overton Chairman of the Board and Chief Executive Officer | | | | | | 2022 | | | | | | | 1,014,135 | | | | | - | | | | | | 5,301,316 | | | | | - | | | | | | 835,377 | | | | | - | | | | | | 30,916 | | | | | | | 7,181,744 | | | | | David Overton Chairman of the Board and CEO | | | | | | 2023 | | | | | | | 995,000 | | | | | - | | | | | | 5,600,595 | | | | | - | | | | | | 1,020,621 | | | | | - | | | | | | 42,703 | | | | | | | 7,658,919 | | | | |||||||||
| | | 2021 | | | | | | | 1,010,308 | | | | | - | | | | | | 5,099,931 | | | | | - | | | | | | 1,234,049 | | | | | - | | | | | | 30,916 | | | | | | | 7,375,204 | | | | | | | 2022 | | | | | | | 1,014,135 | | | | | - | | | | | | 5,301,316 | | | | | - | | | | | | 835,377 | | | | | - | | | | | | 30,916 | | | | | | | 7,181,744 | | | | ||||||||||||||||||
| | | 2020 | | | | | | | 914,635 | | | | | | | 109,450 | | | | | | | 2,250,968 | | | | | | | 2,245,964 | | | | | | | 273,625 | | | | | - | | | | | | 119,395(5) | | | | | | | 5,914,037 | | | | | | | 2021 | | | | | | | 1,010,308 | | | | | - | | | | | | 5,099,931 | | | | | - | | | | | | 1,234,049 | | | | | - | | | | | | 30,916 | | | | | | | 7,375,204 | | | | ||||||||||||
| | David M. Gordon President, The Cheesecake Factory Incorporated | | | | | | 2022 | | | | | | | 758,538 | | | | | - | | | | | | 1,323,342 | | | | | - | | | | | | 439,632 | | | | | - | | | | | | 32,973 | | | | | | | 2,554,485 | | | | | David M. Gordon President, The Cheesecake Factory Incorporated | | | | | | 2023 | | | | | | | 746,539 | | | | | - | | | | | | 1,400,149 | | | | | - | | | | | | 559,500 | | | | | - | | | | | | 34,554 | | | | | | | 2,740,742 | | | | |||||||||
| | | 2021 | | | | | | | 698,942 | | | | | - | | | | | | 1,276,357 | | | | | - | | | | | | 626,890 | | | | | - | | | | | | 33,349 | | | | | | | 2,635,538 | | | | | | | 2022 | | | | | | | 758,538 | | | | | - | | | | | | 1,323,342 | | | | | - | | | | | | 439,632 | | | | | - | | | | | | 32,973 | | | | | | | 2,554,485 | | | | ||||||||||||||||||
| | | 2020 | | | | | | | 615,673 | | | | | | | 54,000 | | | | | | | 511,237 | | | | | | | 508,659 | | | | | | | 135,000 | | | | | - | | | | | | 49,518(5) | | | | | | | 1,874,087 | | | | | | | 2021 | | | | | | | 698,942 | | | | | - | | | | | | 1,276,357 | | | | | - | | | | | | 626,890 | | | | | - | | | | | | 33,349 | | | | | | | 2,635,538 | | | | ||||||||||||
| | Matthew E. Clark Executive Vice President and Chief Financial Officer | | | | | | 2022 | | | | | | | 576,942 | | | | | - | | | | | | 1,200,148 | | | | | - | | | | | | 326,289 | | | | | - | | | | | | 11,583 | | | | | | | 2,114,962 | | | | | Matthew E. Clark Executive Vice President and Chief Financial Officer | | | | | | 2023 | | | | | | | 601,154 | | | | | - | | | | | | 625,702 | | | | | | | 625,013 | | | | | | | 416,128 | | | | | - | | | | | | 17,034 | | | | | | | 2,285,031 | | | | ||||||
| | | 2021 | | | | | | | 564,692 | | | | | - | | | | | | 1,158,788 | | | | | - | | | | | | 465,939 | | | | | - | | | | | | 10,348 | | | | | | | 2,199,767 | | | | | | | 2022 | | | | | | | 576,942 | | | | | - | | | | | | 1,200,148 | | | | | - | | | | | | 326,289 | | | | | - | | | | | | 11,583 | | | | | | | 2,114,962 | | | | ||||||||||||||||||
| | | 2020 | | | | | | | 486,981 | | | | | | | 37,450 | | | | | | | 560,232 | | | | | | | 459,326 | | | | | | | 93,625 | | | | | - | | | | | | 29,939(5) | | | | | | | 1,667,553 | | | | | | | 2021 | | | | | | | 564,692 | | | | | - | | | | | | 1,158,788 | | | | | - | | | | | | 465,939 | | | | | - | | | | | | 10,348 | | | | | | | 2,199,767 | | | | ||||||||||||
| | Scarlett May Executive Vice President, General Counsel and Secretary | | | | | | 2022 | | | | | | | 540,796 | | | | | - | | | | | | 611,996 | | | | | - | | | | | | 270,381 | | | | | - | | | | | | 16,939 | | | | | | | 1,440,112 | | | | | Scarlett May Executive Vice President, General Counsel and Secretary | | | | | | 2023 | | | | | | | 562,740 | | | | | - | | | | | | 625,702 | | | | | - | | | | | | 343,976 | | | | | - | | | | | | 23,896 | | | | | | | 1,556,314 | | | | |||||||||
| | | 2021 | | | | | | | 522,115 | | | | | - | | | | | | 573,897 | | | | | - | | | | | | 384,759 | | | | | - | | | | | | 16,666 | | | | | | | 1,497,437 | | | | | | | 2022 | | | | | | | 540,796 | | | | | - | | | | | | 611,996 | | | | | - | | | | | | 270,381 | | | | | - | | | | | | 16,939 | | | | | | | 1,440,112 | | | | ||||||||||||||||||
| | | 2020 | | | | | | | 464,961 | | | | | | | 33,150 | | | | | | | 374,693 | | | | | | | 125,331 | | | | | | | 82,875 | | | | | - | | | | | | 34,467(5) | | | | | | | 1,115,477 | | | | | | | 2021 | | | | | | | 522,115 | | | | | - | | | | | | 573,897 | | | | | - | | | | | | 384,759 | | | | | - | | | | | | 16,666 | | | | | | | 1,497,437 | | | | ||||||||||||
| | Keith T. Carango President, The Cheesecake Factory Bakery Incorporated | | | | | | 2022 | | | | | | | 441,827 | | | | | - | | | | | | 480,854 | | | | | - | | | | | | 163,065 | | | | | - | | | | | | 16,210 | | | | | | | 1,101,956 | | | | | Keith T. Carango President, The Cheesecake Factory Bakery Incorporated | | | | | | 2023 | | | | | | | 458,798 | | | | | - | | | | | | 515,759 | | | | | - | | | | | | 223,890 | | | | | - | | | | | | 34,887 | | | | | | | 1,233,334 | | | | |||||||||
| | | 2021 | | | | | | | 427,115 | | | | | - | | | | | | 467,322 | | | | | - | | | | | | 265,888 | | | | | - | | | | | | 17,291 | | | | | | | 1,177,616 | | | | | | | 2022 | | | | | | | 441,827 | | | | | - | | | | | | 480,854 | | | | | - | | | | | | 163,065 | | | | | - | | | | | | 16,210 | | | | | | | 1,101,956 | | | | ||||||||||||||||||
| | | 2020 | | | | | | | 379,173 | | | | | | | 26,975 | | | | | | | 204,816 | | | | | | | 199,997 | | | | | | | 101,156 | | | | | - | | | | | | 23,962(5) | | | | | | | 936,079 | | | | | | | 2021 | | | | | | | 427,115 | | | | | - | | | | | | 467,322 | | | | | - | | | | | | 265,888 | | | | | - | | | | | | 17,291 | | | | | | | 1,177,616 | | | |
Name | | Automobile Program ($)(a) | | ESP Company Match ($)(b) | | Life Insurance ($)(c) | | Executive Physical Exam ($)(d) | | Total ($) | | | Automobile Program ($)(a) | | ESP Company Match ($)(b) | | Life Insurance ($)(c) | | Executive Physical Exam ($)(d) | | Total ($) | | ||||||||||||||||||||||||||||||||||||||||
Mr. Overton | | | | 22,882 | | | | | — | | | | | 8,034 | | | | | — | | | | | 30,916 | | | | | | 34,669 | | | | | — | | | | | 8,034 | | | | | — | | | | | 42,703 | | | ||||||||||
Mr. Gordon | | | | 20,035 | | | | | 7,339 | | | | | 3,328 | | | | | 2,271 | | | | | 32,973 | | | | | | 30,543 | | | | | 554 | | | | | 3,457 | | | | | — | | | | | 34,554 | | | ||||||||||
Mr. Clark | | | | 10,200 | | | | | — | | | | | 1,383 | | | | | — | | | | | 11,583 | | | | | | 13,399 | | | | | — | | | | | 1,435 | | | | | 2,200 | | | | | 17,034 | | | ||||||||||
Ms. May | | | | 14,488 | | | | | — | | | | | 2,451 | | | | | — | | | | | 16,939 | | | | | | 13,934 | | | | | 5,208 | | | | | 2,554 | | | | | 2,200 | | | | | 23,896 | | | ||||||||||
Mr. Carango | | | | 13,200 | | | | | — | | | | | 3,010 | | | | | — | | | | | 16,210 | | | | | | 31,759 | | | | | — | | | | | 3,128 | | | | | — | | | | | 34,887 | | |
| | Name | | | | Grant Date | | | | Estimated Future Payouts Under Non-Equity Incentive Plan Awards(1) | | | | Estimated Future Payouts Under Equity Incentive Plan Awards(3) | | | | All Other Stock Awards: Number of Shares of Stock or Units (#)(4) | | | | Grant Date Fair Value of Stock Awards ($)(5) | | | | Name | | | | Grant Date | | | | Estimated Future Payouts Under Non-Equity Incentive Plan Awards(1) | | | | Estimated Future Payouts Under Equity Incentive Plan Awards(3) | | | | All Other Stock Awards: Number of Shares of Stock or Units (#)(4) | | | | All Other Option Awards: Number of Securities Underlying Options (#)(5) | | | | Exercise or Base Price of Option Awards ($/Sh) | | | | Grant Date Fair Value of Stock Awards ($)(6) | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Threshold ($) | | | | Target ($)(2) | | | | Maximum ($) | | | | Threshold (#) | | | | Target (#) | | | | Maximum (#) | | | | Threshold ($) | | | | Target ($)(2) | | | | Maximum ($) | | | | Threshold (#) | | | | Target (#) | | | | Maximum (#) | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | David Overton | | | | | | n/a | | | | | | $ | 205,219 | | | | | | $ | 1,094,500 | | | | | | $ | 1,504,938 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | David Overton | | | | | | n/a | | | | | | $ | 205,219 | | | | | | $ | 1,094,500 | | | | | | $ | 1,504,938 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 2/10/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 66,700 | | | | | | $ | 2,650,658 | | | | | | | 2/16/23 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 69,280 | | | | | | | | | | | | | | | | | | | | $ | 2,800,298 | | | | |||||||||
| | | 2/10/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 40,020 | | | | | | | 66,700 | | | | | | | 100,050 | | | | | | | | | | | | | $ | 2,650,658 | | | | | | | 2/16/23 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 41,568 | | | | | | | 69,280 | | | | | | | 103,920 | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 2,800,298 | | | | |||||||||
| | David M. Gordon | | | | | | n/a | | | | | | $ | 108,000 | | | | | | $ | 576,000 | | | | | | $ | 792,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | David M. Gordon | | | | | | n/a | | | | | | $ | 112,500 | | | | | | $ | 600,000 | | | | | | $ | 825,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 2/10/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 16,650 | | | | | | $ | 661,671 | | | | | | | 2/16/23 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 17,320 | | | | | | | | | | | | | | | | | | | | $ | 700,074 | | | | |||||||||
| | | 2/10/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 9,990 | | | | | | | 16,650 | | | | | | | 24,975 | | | | | | | | | | | | | $ | 661,671 | | | | | | | 2/16/23 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 10,392 | | | | | | | 17,320 | | | | | | | 25,980 | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 700,074 | | | | |||||||||
| | Matthew E. Clark | | | | | | n/a | | | | | | $ | 80,156 | | | | | | $ | 427,500 | | | | | | $ | 587,813 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Matthew E. Clark | | | | | | n/a | | | | | | $ | 83,672 | | | | | | $ | 446,250 | | | | | | $ | 613,594 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 2/10/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 15,100 | | | | | | $ | 600,074 | | | | | | | 2/16/23 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 39,720 | | | | | | $ | 40.42 | | | | | | $ | 625,013 | | | | |||||||||
| | | 2/10/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 9,060 | | | | | | | 15,100 | | | | | | | 22,650 | | | | | | | | | | | | | $ | 600,074 | | | | | | | 2/16/23 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 9,288 | | | | | | | 15,480 | | | | | | | 23,220 | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 625,702 | | | | |||||||||
| | Scarlett May | | | | | | n/a | | | | | | $ | 66,422 | | | | | | $ | 354,250 | | | | | | $ | 487,094 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Scarlett May | | | | | | n/a | | | | | | $ | 69,164 | | | | | | $ | 368,875 | | | | | | $ | 507,203 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 2/10/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 7,700 | | | | | | $ | 305,998 | | | | | | | 2/16/23 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 7,740 | | | | | | | | | | | | | | | | | | | | $ | 312,851 | | | | |||||||||
| | | 2/10/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 4,620 | | | | | | | 7,700 | | | | | | | 11,550 | | | | | | | | | | | | | $ | 305,998 | | | | | | | 2/16/23 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 4,644 | | | | | | | 7,740 | | | | | | | 11,610 | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 312,851 | | | | |||||||||
| | Keith T. Carango | | | | | | n/a | | | | | | $ | 54,234 | | | | | | $ | 289,250 | | | | | | $ | 397,719 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Keith T. Carango | | | | | | n/a | | | | | | $ | 56,367 | | | | | | $ | 300,625 | | | | | | $ | 413,359 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 2/10/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 6,050 | | | | | | $ | 240,427 | | | | | | | 2/16/23 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 6,380 | | | | | | | | | | | | | | | | | | | | $ | 257,880 | | | | |||||||||
| | | 2/10/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,630 | | | | | | | 6,050 | | | | | | | 9,075 | | | | | | | | | | | | | $ | 240,427 | | | | | | | 2/16/23 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,828 | | | | | | | 6,380 | | | | | | | 9,570 | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 257,880 | | | |
| | | | | | Option Awards | | | | Stock Awards | | | | | | | | | | | | | | | Option Awards | | | | Stock Awards | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Restricted Stock | | | | PSU/PSA Awards | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Restricted Stock | | | | PSU/PSA Awards | | | ||||||||||||||||||||||||||||||||||||||||
| | Name | | | | Number of Securities Underlying Unexercised Options (#) Exercisable | | | | Number of Securities Underlying Unexercised Options (#) Unexercisable(1) | | | | Option Exercise Price ($) | | | | Option Expiration Date | | | | Number of Shares or Units of Stock That Have Not Vested (#)(2) | | | | Market Value of Shares or Units of Stock That have Not Vested ($)(3) | | | | Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(2) | | | | Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(3) | | | | Name | | | | Grant Date | | | | Number of Securities Underlying Unexercised Options (#) Exercisable | | | | Number of Securities Exercised Options (#) Unexercisable(1) | | | | Option Exercise Price ($) | | | | Option Expiration Date | | | | Number of Shares or Units of Stock That Have Not Vested (#)(2) | | | | Market Value of Shares or Units of Stock That Have Not Vested ($)(3) | | | | Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(2) | | | | Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(3) | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
| | David Overton(4) | | | | | | 135,000 | | | | | | | — | | | | | | | 48.01 | | | | | | | 03/05/2023 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | David Overton | | | | | | 03/03/2016 | | | | | | | 82,000 | | | | | | | — | | | | | | | 50.26 | | | | | | | 03/03/2024 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| | | 82,000 | | | | | | | — | | | | | | | 50.26 | | | | | | | 03/03/2024 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 03/02/2017 | | | | | | | 73,500 | | | | | | | — | | | | | | | 61.59 | | | | | | | 03/02/2025 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |||||||||
| | | 73,500 | | | | | | | — | | | | | | | 61.59 | | | | | | | 03/02/2025 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 02/15/2018 | | | | | | | 179,300 | | | | | | | — | | | | | | | 47.06 | | | | | | | 02/15/2026 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |||||||||
| | | 143,440 | | | | | | | 35,860(4a) | | | | | | | 47.06 | | | | | | | 02/15/2026 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 02/13/2019 | | | | | | | 83,200 | | | | | | | 20,800 | | | | | | | 46.03 | | | | | | | 02/13/2027 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |||||||||
| | | 62,400 | | | | | | | 41,600(4b) | | | | | | | 46.03 | | | | | | | 02/13/2027 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 02/18/2020 | | | | | | | 202,140 | | | | | | | 134,760 | | | | | | | 40.16 | | | | | | | 02/18/2030 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |||||||||
| | | 134,760 | | | | | | | 202,140(4c) | | | | | | | 40.16 | | | | | | | 02/18/2030 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 02/13/2019 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 9,480 | | | | | | $ | 325,733 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 9,480(9a) | | | | | | $ | 306,678 | | | | | | | — | | | | | | | — | | | | | | | 02/18/2020 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 22,420 | | | | | | $ | 770,351 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 18,960(9a) | | | | | | $ | 613,356 | | | | | | | — | | | | | | | — | | | | | | | 04/01/2021 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 43,150 | | | | | | $ | 1,482,634 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 56,050(9b) | | | | | | $ | 1,813,218 | | | | | | | — | | | | | | | — | | | | | | | 02/13/2019 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 4,740 | | | | | | $ | 162,866 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 50,150(9c) | | | | | | $ | 1,622,353 | | | | | | | — | | | | | | | — | | | | | | | 02/10/2021 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 50,150 | | | | | | $ | 1,723,154 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 43,150(9d) | | | | | | $ | 1,395,903 | | | | | | | 02/10/2022 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 66,700 | | | | | | $ | 2,291,812 | | | | | | | 66,700 | | | | | | $ | 2,291,812 | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 66,700(9e) | | | | | | $ | 2,157,745 | | | | | | | — | | | | | | | — | | | | | | | 02/16/2023 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 69,280 | | | | | | $ | 2,380,461 | | | | | | | 69,280 | | | | | | $ | 2,380,461 | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 66,700(9e) | | | | | | $ | 2,157,745 | | | | | David M. Gordon | | | | | | 03/03/2016 | | | | | | | 19,300 | | | | | | | — | | | | | | | 50.26 | | | | | | | 03/03/2024 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |||||
| | David M. Gordon(5) | | | | | | 19,300 | | | | | | | — | | | | | | | 50.26 | | | | | | | 03/03/2024 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 03/02/2017 | | | | | | | 16,650 | | | | | | | — | | | | | | | 61.59 | | | | | | | 03/02/2025 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | ||||
| | | 16,650 | | | | | | | — | | | | | | | 61.59 | | | | | | | 03/02/2025 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 02/15/2018 | | | | | | | 16,600 | | | | | | | — | | | | | | | 47.06 | | | | | | | 02/15/2026 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |||||||||
| | | 8,300 | | | | | | | 8,300(5a) | | | | | | | 47.06 | | | | | | | 02/15/2026 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 02/13/2019 | | | | | | | 18,720 | | | | | | | 4,680 | | | | | | | 46.03 | | | | | | | 02/13/2027 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |||||||||
| | | 14,040 | | | | | | | 9,360(5b) | | | | | | | 46.03 | | | | | | | 02/13/2027 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 02/18/2020 | | | | | | | 30,520 | | | | | | | 30,520 | | | | | | | 40.16 | | | | | | | 02/18/2030 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |||||||||
| | | 15,260 | | | | | | | 45,780(5c) | | | | | | | 40.16 | | | | | | | 02/18/2030 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 02/13/2019 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 2,160 | | | | | | $ | 74,218 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 2,120(10a) | | | | | | $ | 68,582 | | | | | | | — | | | | | | | — | | | | | | | 02/18/2020 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 5,092 | | | | | | $ | 174,961 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 4,320(10a) | | | | | | $ | 139,752 | | | | | | | — | | | | | | | — | | | | | | | 04/01/2021 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 10,800 | | | | | | $ | 371,088 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 12,730(10b) | | | | | | $ | 411,816 | | | | | | | — | | | | | | | — | | | | | | | 02/13/2019 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 1,060 | | | | | | $ | 36,422 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 12,550(10c) | | | | | | $ | 405,993 | | | | | | | — | | | | | | | — | | | | | | | 02/10/2021 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 12,550 | | | | | | $ | 431,218 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 10,800(10d) | | | | | | $ | 349,380 | | | | | | | 02/10/2022 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 16,650 | | | | | | $ | 572,094 | | | | | | | 16,650 | | | | | | $ | 572,094 | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 16,650(10e) | | | | | | $ | 538,628 | | | | | | | — | | | | | | | — | | | | | | | 02/16/2023 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 17,320 | | | | | | $ | 595,115 | | | | | | | 17,320 | | | | | | $ | 595,115 | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 16,65010e) | | | | | | $ | 538,628 | | | | | Matthew E. Clark | | | | | | 03/03/2016 | | | | | | | 9,600 | | | | | | | — | | | | | | | 50.26 | | | | | | | 03/03/2024 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |||||
| | Matthew E. Clark(6) | | | | | | 10,000 | | | | | | | — | | | | | | | 48.01 | | | | | | | 03/05/2023 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 03/02/2017 | | | | | | | 8,000 | | | | | | | — | | | | | | | 61.59 | | | | | | | 03/02/2025 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | ||||
| | | 9,600 | | | | | | | — | | | | | | | 50.26 | | | | | | | 03/03/2024 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 06/07/2017 | | | | | | | 4,820 | | | | | | | — | | | | | | | 57.30 | | | | | | | 06/07/2025 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |||||||||
| | | 8,000 | | | | | | | — | | | | | | | 61.59 | | | | | | | 03/02/2025 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 02/15/2018 | | | | | | | 38,000 | | | | | | | — | | | | | | | 47.06 | | | | | | | 02/15/2026 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |||||||||
| | | 4,820 | | | | | | | — | | | | | | | 57.30 | | | | | | | 06/07/2025 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 02/13/2019 | | | | | | | 34,320 | | | | | | | 8,580 | | | | | | | 46.03 | | | | | | | 02/13/2027 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |||||||||
| | | 30,400 | | | | | | | 7,600(6a) | | | | | | | 47.06 | | | | | | | 02/15/2026 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 02/18/2020 | | | | | | | 41,340 | | | | | | | 27,560 | | | | | | | 40.16 | | | | | | | 02/18/2030 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |||||||||
| | | 25,740 | | | | | | | 17,160(6b) | | | | | | | 46.03 | | | | | | | 02/13/2027 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 02/16/2023 | | | | | | | — | | | | | | | 39,720 | | | | | | | 40.42 | | | | | | | 02/16/2033 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |||||||||
| | | 27,560 | | | | | | | 41,340(6c) | | | | | | | 40.16 | | | | | | | 02/18/2030 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 02/13/2019 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 1,960 | | | | | | $ | 67,346 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 3,920(11a) | | | | | | $ | 126,812 | | | | | | | — | | | | | | | — | | | | | | | 02/18/2020 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 4,584 | | | | | | $ | 157,506 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 11,460(11b) | | | | | | $ | 370,731 | | | | | | | — | | | | | | | — | | | | | | | 04/01/2021 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 9,800 | | | | | | $ | 336,728 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 2,490(11b) | | | | | | $ | 80,552 | | | | | | | — | | | | | | | — | | | | | | | 02/10/2021 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 11,400 | | | | | | $ | 391,704 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 11,400(11c) | | | | | | $ | 368,790 | | | | | | | — | | | | | | | — | | | | | | | 02/10/2022 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 15,100 | | | | | | $ | 518,836 | | | | | | | 15,100 | | | | | | $ | 518,836 | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 9,800(11d) | | | | | | $ | 317,030 | | | | | | | 02/16/2023 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 15,480 | | | | | | $ | 531,893 | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 15,100(11e) | | | | | | $ | 488,485 | | | | | | | — | | | | | | | — | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 15,100(11e) | | | | | | $ | 488,485 | | | |
| | | | | | Option Awards | | | | Stock Awards | | | | | | | | | | | | | | | Option Awards | | | | Stock Awards | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Restricted Stock | | | | PSU/PSA Awards | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Restricted Stock | | | | PSU/PSA Awards | | | ||||||||||||||||||||||||||||||||||||||||
| | Name | | | | Number of Securities Underlying Unexercised Options (#) Exercisable | | | | Number of Securities Underlying Unexercised Options (#) Unexercisable(1) | | | | Option Exercise Price ($) | | | | Option Expiration Date | | | | Number of Shares or Units of Stock That Have Not Vested (#)(2) | | | | Market Value of Shares or Units of Stock That have Not Vested ($)(3) | | | | Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(2) | | | | Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(3) | | | | Name | | | | Grant Date | | | | Number of Securities Underlying Unexercised Options (#) Exercisable | | | | Number of Securities Exercised Options (#) Unexercisable(1) | | | | Option Exercise Price ($) | | | | Option Expiration Date | | | | Number of Shares or Units of Stock That Have Not Vested (#)(2) | | | | Market Value of Shares or Units of Stock That Have Not Vested ($)(3) | | | | Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(2) | | | | Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(3) | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
| | Scarlett May(7) | | | | | | 7,360 | | | | | | | 1,840(7a) | | | | | | | 52.14 | | | | | | | 05/30/2026 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | Scarlett May | | | | | | 05/30/2018 | | | | | | | 9,200 | | | | | | | — | | | | | | | 52.14 | | | | | | | 05/30/2026 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| | | 6,960 | | | | | | | 4,6407b) | | | | | | | 46.03 | | | | | | | 02/13/2027 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 02/13/2019 | | | | | | | 9,280 | | | | | | | 2,320 | | | | | | | 46.03 | | | | | | | 02/13/2027 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |||||||||
| | | 7,520 | | | | | | | 11,280(7c) | | | | | | | 40.16 | | | | | | | 02/18/2030 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 02/18/2020 | | | | | | | 11,280 | | | | | | | 7,520 | | | | | | | 40.16 | | | | | | | 02/18/2030 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 460(12a) | | | | | | $ | 14,881 | | | | | | | — | | | | | | | — | | | | | | | 02/13/2019 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 1,060 | | | | | | $ | 36,422 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 2,120(12b) | | | | | | $ | 68,582 | | | | | | | — | | | | | | | — | | | | | | | 02/18/2020 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 2,492 | | | | | | $ | 85,625 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 1,040(12b) | | | | | | $ | 33,644 | | | | | | | — | | | | | | | — | | | | | | | 04/01/2021 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 4,850 | | | | | | $ | 166,646 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 3,100(12c) | | | | | | $ | 100,285 | | | | | | | — | | | | | | | — | | | | | | | 02/13/2019 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 520 | | | | | | $ | 17,867 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 6,230(12c) | | | | | | $ | 201,541 | | | | | | | — | | | | | | | — | | | | | | | 02/18/2020 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 1,240 | | | | | | $ | 42,606 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 5,650(12d) | | | | | | $ | 182,778 | | | | | | | — | | | | | | | — | | | | | | | 02/10/2021 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 5,650 | | | | | | $ | 194,134 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 4,850(12e) | | | | | | $ | 156,898 | | | | | | | 02/10/2022 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 7,700 | | | | | | $ | 264,572 | | | | | | | 7,700 | | | | | | $ | 264,572 | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 7,700(12f) | | | | | | $ | 249,095 | | | | | | | — | | | | | | | — | | | | | | | 02/16/2023 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 7,740 | | | | | | $ | 265,946 | | | | | | | 7,740 | | | | | | $ | 265,946 | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 7,700(12f) | | | | | | $ | 249,095 | | | | | Keith T. Carango | | | | | | 03/03/2016 | | | | | | | 5,040 | | | | | | | — | | | | | | | 50.26 | | | | | | | 03/03/2024 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |||||
| | Keith T. Carango(8) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 03/02/2017 | | | | | | | 5,200 | | | | | | | — | | | | | | | 61.59 | | | | | | | 03/02/2025 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | ||||
| | | 5,040 | | | | | | | — | | | | | | | 50.26 | | | | | | | 03/03/2024 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 02/15/2018 | | | | | | | 8,300 | | | | | | | — | | | | | | | 47.06 | | | | | | | 02/15/2026 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |||||||||
| | | 5,200 | | | | | | | — | | | | | | | 61.59 | | | | | | | 03/02/2025 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 04/05/2018 | | | | | | | 3,000 | | | | | | | — | | | | | | | 51.74 | | | | | | | 04/05/2026 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |||||||||
| | | 6,640 | | | | | | | 1,660(8a) | | | | | | | 47.06 | | | | | | | 02/15/2026 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 02/13/2019 | | | | | | | 7,360 | | | | | | | 1,840 | | | | | | | 46.03 | | | | | | | 02/13/2027 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |||||||||
| | | 2,400 | | | | | | | 600(8b) | | | | | | | 51.74 | | | | | | | 04/05/2026 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 02/18/2020 | | | | | | | 18,000 | | | | | | | 12,000 | | | | | | | 40.16 | | | | | | | 02/18/2030 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |||||||||
| | | 5,520 | | | | | | | 3,680(8c) | | | | | | | 46.03 | | | | | | | 02/13/2027 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 02/13/2019 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 860 | | | | | | $ | 29,550 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | 12,000 | | | | | | | 18,000(8d) | | | | | | | 40.16 | | | | | | | 02/18/2030 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 02/18/2020 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 2,040 | | | | | | $ | 70,094 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 800(13a) | | | | | | $ | 25,880 | | | | | | | — | | | | | | | — | | | | | | | 04/01/2021 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 3,950 | | | | | | $ | 135,722 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 260(13b) | | | | | | $ | 8,411 | | | | | | | — | | | | | | | — | | | | | | | 02/13/2019 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 420 | | | | | | $ | 14,431 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 840(13c) | | | | | | $ | 27,174 | | | | | | | — | | | | | | | — | | | | | | | 02/10/2021 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 4,600 | | | | | | $ | 158,056 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 1,72013d) | | | | | | $ | 55,642 | | | | | | | — | | | | | | | — | | | | | | | 02/10/2022 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 6,050 | | | | | | $ | 207,878 | | | | | | | 6,050 | | | | | | $ | 207,878 | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 5,10013e) | | | | | | $ | 164,985 | | | | | | | — | | | | | | | — | | | | | | | 02/16/2023 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 6,380 | | | | | | $ | 219,217 | | | | | | | 6,380 | | | | | | $ | 219,217 | | | | |||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 4,600(13f) | | | | | | $ | 148,810 | | | | | | | — | | | | | | | — | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 3,950(13g) | | | | | | $ | 127,783 | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 6,050(13h) | | | | | | $ | 195,718 | | | | | | | — | | | | | | | — | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 6,050(13h) | | | | | | $ | 195,718 | | | |
| | | | | | Nonqualified Stock Option Awards | | | | Restricted Stock Awards | | | | | | | | Non-qualified Stock Option Awards | | | | Restricted Stock Awards | | | ||||||||||||||||||||||||||||||||||||||||
| | Name | | | | Number of Shares Acquired on Exercise (#)(1) | | | | Value Realized Upon Exercise ($)(1) | | | | Number of Shares Acquired on Vesting (#) | | | | Value Realized on Vesting ($)(2) | | | | Name | | | | Number of Shares Acquired on Exercise (#)(1) | | | | Value Realized Upon Exercise ($)(1) | | | | Number of Shares Acquired on Vesting (#) | | | | Value Realized on Vesting ($)(2) | | | ||||||||||||||||||||||||
| | David Overton | | | | | | — | | | | | | | — | | | | | | | 42,660 | | | | | | $ | 1,692,749 | | | | | David Overton | | | | | | — | | | | | | | — | | | | | | | 47,850 | | | | | | $ | 1,896,886 | | | |
| | David M. Gordon | | | | | | — | | | | | | | — | | | | | | | 9,660 | | | | | | $ | 383,309 | | | | | David M. Gordon | | | | | | — | | | | | | | — | | | | | | | 10,858 | | | | | | $ | 430,447 | | | |
| | Matthew E. Clark | | | | | | — | | | | | | | — | | | | | | | 6,770 | | | | | | $ | 269,675 | | | | | Matthew E. Clark | | | | | | — | | | | | | | — | | | | | | | 11,326 | | | | | | $ | 451,154 | | | |
| | Scarlett May | | | | | | — | | | | | | | — | | | | | | | 5,200 | | | | | | $ | 203,516 | | | | | Scarlett May | | | | | | — | | | | | | | — | | | | | | | 7,638 | | | | | | $ | 299,747 | | | |
| | Keith T. Carango | | | | | | — | | | | | | | — | | | | | | | 5,490 | | | | | | $ | 219,628 | | | | | Keith T. Carango | | | | | | — | | | | | | | — | | | | | | | 5,400 | | | | | | $ | 211,798 | | | |
| | Name | | | | Plan Name | | | | Number of years of Credited Service (#) | | | | Present Value of Accumulated Benefit ($) | | | | Payments During Last Fiscal Year ($) | | | |||||||||
| | David Overton | | | | Founder’s Retirement Benefit(1) | | | | | | — | | | | | | $ | | | | | | | — | | | |
| | Name | | | | Executive Contributions in Fiscal 2022 $(1) | | | | Company Contributions in Fiscal 2022 $(2) | | | | Aggregate Earnings/(Losses) in Fiscal 2022 $ | | | | Aggregate Withdrawals or Distributions in Fiscal 2022 $ | | | | Aggregate Balance at December 31, 2022 $(3) | | | | Name | | | | Executive Contributions in Fiscal 2023 $(1) | | | | Company Contributions in Fiscal 2023 $(2) | | | | Aggregate Earnings/(Losses) in Fiscal 2023 $ | | | | Aggregate Withdrawals or Distributions in Fiscal 2023 $ | | | | Aggregate Balance at December 31, 2023 $(3) | | | ||||||||||||||||||||||||||||||
| | David Overton | | | | | | — | | | | | | | — | | | | | | | (68,616) | | | | | | | — | | | | | | | 292,946 | | | | | David Overton | | | | | | — | | | | | | | — | | | | | | $ | 63,770 | | | | | | | — | | | | | | $ | 356,716 | | | |
| | David M. Gordon | | | | | | 71,626 | | | | | | | 7,339 | | | | | | | (200,985) | | | | | | | — | | | | | | | 1,463,885 | | | | | David M. Gordon | | | | | $ | 5,538 | | | | | | $ | 554 | | | | | | $ | 203,760 | | | | | | | — | | | | | | $ | 1,673,737 | | | |
| | Matthew E. Clark | | | | | | — | | | | | | | — | | | | | | | 36 | | | | | | | — | | | | | | | 2,707 | | | | | Matthew E. Clark | | | | | | — | | | | | | | — | | | | | | $ | 85 | | | | | | | — | | | | | | $ | 2,792 | | | |
| | Scarlett May | | | | | | — | | | | | | | — | | | | | | | (1,602) | | | | | | | 26,931 | | | | | | | 9,298 | | | | | Scarlett May | | | | | $ | 20,833 | | | | | | $ | 5,208 | | | | | | $ | 2,465 | | | | | | | — | | | | | | $ | 37,804 | | | |
| | Keith T. Carango | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | Keith T. Carango | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| | | | | | Change In Control | | | | Qualifying Termination of Employment without Change In Control | | | | | | | | Change In Control | | | | Qualifying Termination of Employment without Change In Control | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | David Overton | | | | Payout with assumption or continuation of awards(1) ($) | | | | Payout without assumption or continuation of awards ($) | | | | Payout upon termination by Company without Cause, or by Executive due to Constructive Termination ($) | | | | Payout upon Death or Permanent Disability ($) | | | | Payout upon termination by Company without Cause, or by Executive due to Constructive Termination ($) | | | | Payout upon termination with Cause or voluntary termination, including retirement ($) | | | | David Overton | | | | Payout with assumption or continuation of awards(1) ($) | | | | Payout without assumption or continuation of awards ($) | | | | Payout upon termination by Company without Cause, or by Executive due to Constructive Termination ($) | | | | Payout upon Death or Permanent Disability ($) | | | | Payout upon termination by Company without Cause, or by Executive due to Constructive Termination ($) | | | | Payout upon termination with Cause or voluntary termination, including retirement ($) | | | ||||||||||||||||||||||||||||||||||||
| | Cash Severance(6) | | | | | | — | | | | | | | — | | | | | | | 252,577 | | | | | | | — | | | | | | | 252,577 | | | | | | | — | | | | | Cash Severance(6) | | | | | | — | | | | | | | — | | | | | | | 256,404 | | | | | | | — | | | | | | | 256,404 | | | | | | | — | | | |
| | Pro-Rata Bonus(7) | | | | | | — | | | | | | | — | | | | | | | 835,377 | | | | | | | — | | | | | | | 835,377 | | | | | | | — | | | | | Pro-Rata Bonus(7) | | | | | | — | | | | | | | — | | | | | | | 1,020,621 | | | | | | | — | | | | | | | 1,020,621 | | | | | | | — | | | |
| | Intrinsic Value of Equity Acceleration | | | | | | — | | | | | | | 10,066,997(2) | | | | | | | 9,704,353(3) | | | | | | | 9,704,353(4) | | | | | | | 4,181,561(5) | | | | | | | — | | | | | Intrinsic Value of Equity Acceleration | | | | | | — | | | | | | | 13,809,284(2) | | | | | | | 13,809,284(3) | | | | | | | 13,809,284(4) | | | | | | | 6,573,755(5) | | | | | | | — | | | |
| | Benefits and Other Perquisites(8) | | | | | | — | | | | | | | — | | | | | | | 5,721 | | | | | | | — | | | | | | | 5,721 | | | | | | | — | | | | | Benefits and Other Perquisites(8) | | | | | | — | | | | | | | — | | | | | | | 8,298 | | | | | | | — | | | | | | | 8,298 | | | | | | | — | | | |
| | Health & Welfare Benefits(8) | | | | | | — | | | | | | | — | | | | | | | 6,573 | | | | | | | — | | | | | | | 6,573 | | | | | | | — | | | | | Health & Welfare Benefits(8) | | | | | | — | | | | | | | — | | | | | | | 4,818 | | | | | | | — | | | | | | | 4,818 | | | | | | | — | | | |
| | Gross-up on Excise Tax | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | Gross-up on Excise Tax | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| | Founder’s Retirement Benefit(9) | | | | | | — | | | | | | | — | | | | | | | 5,252,000 | | | | | | | 5,252,000 | | | | | | | 5,252,000 | | | | | | | 5,252,000 | | | | | Founder’s Retirement Benefit(9) | | | | | | — | | | | | | | — | | | | | | | 5,055,000 | | | | | | | 5,055,000 | | | | | | | 5,055,000 | | | | | | | 5,055,000 | | | |
| | Total CEO Benefit | | | | | | — | | | | | | | 10,066,997 | | | | | | | 16,056,601 | | | | | | | 14,956,353 | | | | | | | 10,533,809 | | | | | | | 5,252,000 | | | | | Total CEO Benefit | | | | | | — | | | | | | | 13,809,284 | | | | | | | 20,154,425 | | | | | | | 18,864,284 | | | | | | | 12,918,896 | | | | | | | 5,055,000 | | | |
| | | | | | Change In Control | | | | Termination without Change In Control | | | | | | | | Change In Control | | | | Termination without Change In Control | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | Payout with assumption or continuation of awards(1) ($) | | | | Payout without assumption or continuation of awards(2) ($) | | | | Payout upon termination by Company without Cause, or Constructive Termination by Executive within 18 months ($) | | | | Payout upon permanent disability ($) | | | | Payout upon death ($) | | | | Payout upon termination by Company without Cause, or by Executive as a result of Constructive Termination ($) | | | | Payout upon termination with Cause or voluntary termination, including retirement ($) | | | | | | | | Payout with assumption or continuation of awards(1) ($) | | | | Payout without assumption or continuation of awards(2) ($) | | | | Payout upon termination by Company without Cause, or Constructive Termination by Executive within 18 months ($) | | | | Payout upon permanent disability ($) | | | | Payout upon death ($) | | | | Payout upon termination by Company without Cause, or by Executive as a result of Constructive Termination ($) | | | | Payout upon termination with Cause or voluntary termination, including retirement ($) | | | ||||||||||||||||||||||||||||||||||||||||||
| | David M. Gordon | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | David M. Gordon | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Cash Severance(5) | | | | | | — | | | | | | | — | | | | | | | 720,000 | | | | | | | 720,000 | | | | | | | 720,000 | | | | | | | 720,000 | | | | | | | — | | | | | Cash Severance(5) | | | | | | — | | | | | | | — | | | | | | | 750,000 | | | | | | | 750,000 | | | | | | | 750,000 | | | | | | | 750,000 | | | | | | | — | | | |
| | Pro-Rata Bonus(6) | | | | | | — | | | | | | | — | | | | | | | 439,632 | | | | | | | 439,632 | | | | | | | 439,632 | | | | | | | 439,632 | | | | | | | — | | | | | Pro-Rata Bonus(6) | | | | | | — | | | | | | | — | | | | | | | 559,500 | | | | | | | 559,500 | | | | | | | 559,500 | | | | | | | 559,500 | | | | | | | — | | | |
| | Intrinsic Value of Equity Acceleration(7) | | | | | | — | | | | | | | 2,452,777 | | | | | | | 2,370,414(3) | | | | | | | 2,370,414(4) | | | | | | | 2,370,414(4) | | | | | | | 991,010(4) | | | | | | | — | | | | | Intrinsic Value of Equity Acceleration(7) | | | | | | — | | | | | | | 3,422,325 | | | | | | | 3,422,325 | | | | | | | 3,422,325(3) | | | | | | | 3,422,325(3) | | | | | | | 1,613,958 | | | | | | | — | | | |
| | Health & Welfare Benefits(8) | | | | | | — | | | | | | | — | | | | | | | 17,708 | | | | | | | 17,708 | | | | | | | 17,708 | | | | | | | 17,708 | | | | | | | — | | | | | Health & Welfare Benefits(8) | | | | | | — | | | | | | | — | | | | | | | 16,576 | | | | | | | 16,576 | | | | | | | 16,576 | | | | | | | 16,576 | | | | | | | — | | | |
| | Gross-up on Excise Tax | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | Gross-up on Excise Tax | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| | David M. Gordon Total | | | | | | — | | | | | | | 2,452,777 | | | | | | | 3,547,754 | | | | | | | 3,547,754 | | | | | | | 3,547,754 | | | | | | | 2,168,350 | | | | | | | — | | | | | David M. Gordon Total | | | | | | — | | | | | | | 3,422,325 | | | | | | | 4,748,401 | | | | | | | 4,748,401 | | | | | | | 4,748,401 | | | | | | | 2,940,034 | | | | | | | — | | | |
| | Matthew E. Clark | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Matthew E. Clark | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Cash Severance(5) | | | | | | — | | | | | | | — | | | | | | | 570,000 | | | | | | | 570,000 | | | | | | | 570,000 | | | | | | | 570,000 | | | | | | | — | | | | | Cash Severance(5) | | | | | | — | | | | | | | — | | | | | | | 595,000 | | | | | | | 595,000 | | | | | | | 595,000 | | | | | | | 595,000 | | | | | | | — | | | |
| | Pro-Rata Bonus(6) | | | | | | — | | | | | | | — | | | | | | | 326,289 | | | | | | | 326,289 | | | | | | | 326,289 | | | | | | | 326,289 | | | | | | | — | | | | | Pro-Rata Bonus(6) | | | | | | — | | | | | | | — | | | | | | | 416,128 | | | | | | | 416,128 | | | | | | | 416,128 | | | | | | | 416,128 | | | | | | | — | | | |
| | Intrinsic Value of Equity Acceleration(7) | | | | | | — | | | | | | | 2,240,885 | | | | | | | 2,150,628(3) | | | | | | | 2,150,628(4) | | | | | | | 2,150,628(4) | | | | | | | 899,330(4) | | | | | | | — | | | | | Intrinsic Value of Equity Acceleration(7) | | | | | | — | | | | | | | 2,522,849 | | | | | | | 2,522,849(4) | | | | | | | 2,522,849(3) | | | | | | | 2,522,849(3) | | | | | | | 1,430,201(3) | | | | | | | — | | | |
| | Health & Welfare Benefits(8) | | | | | | — | | | | | | | — | | | | | | | 17,708 | | | | | | | 17,708 | | | | | | | 17,708 | | | | | | | 17,708 | | | | | | | — | | | | | Health & Welfare Benefits(8) | | | | | | — | | | | | | | — | | | | | | | 16,482 | | | | | | | 16,482 | | | | | | | 16,482 | | | | | | | 16,482 | | | | | | | — | | | |
| | Gross-up on Excise Tax | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | Gross-up on Excise Tax | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| | Matthew E. Clark Total | | | | | | — | | | | | | | 2,240,885 | | | | | | | 3,064,625 | | | | | | | 3,064,625 | | | | | | | 3,064,625 | | | | | | | 1,813,327 | | | | | | | — | | | | | Matthew E. Clark Total | | | | | | — | | | | | | | 2,522,849 | | | | | | | 3,550,459 | | | | | | | 3,550,459 | | | | | | | 3,550,459 | | | | | | | 2,457,811 | | | | | | | — | | | |
| | Scarlett May | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Scarlett May | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Cash Severance(5) | | | | | | — | | | | | | | — | | | | | | | 545,000 | | | | | | | 545,000 | | | | | | | 545,000 | | | | | | | 545,000 | | | | | | | — | | | | | Cash Severance(5) | | | | | | — | | | | | | | — | | | | | | | 567,500 | | | | | | | 567,500 | | | | | | | 567,500 | | | | | | | 567,500 | | | | | | | — | | | |
| | Pro-Rata Bonus(6) | | | | | | — | | | | | | | — | | | | | | | 270,381 | | | | | | | 270,381 | | | | | | | 270,381 | | | | | | | 270,381 | | | | | | | — | | | | | Pro-Rata Bonus(6) | | | | | | — | | | | | | | — | | | | | | | 343,976 | | | | | | | 343,976 | | | | | | | 343,976 | | | | | | | 343,976 | | | | | | | — | | | |
| | Intrinsic Value of Equity Acceleration(7) | | | | | | — | | | | | | | 1,256,798 | | | | | | | 1,196,432(3) | | | | | | | 1,196,432(4) | | | | | | | 1,196,432(4) | | | | | | | 562,372(4) | | | | | | | — | | | | | Intrinsic Value of Equity Acceleration(7) | | | | | | — | | | | | | | 1,604,337 | | | | | | | 1,604,337(4) | | | | | | | 1,604,337(3) | | | | | | | 1,604,337(3) | | | | | | | 788,631(3) | | | | | | | — | | | |
| | Health & Welfare Benefits(8) | | | | | | — | | | | | | | — | | | | | | | 27,060 | | | | | | | 27,060 | | | | | | | 27,060 | | | | | | | 27,060 | | | | | | | — | | | | | Health & Welfare Benefits(8) | | | | | | — | | | | | | | — | | | | | | | 23,872 | | | | | | | 23,872 | | | | | | | 23,872 | | | | | | | 23,872 | | | | | | | — | | | |
| | Gross-up on Excise Tax | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | Gross-up on Excise Tax | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| | Scarlett May Total | | | | | | — | | | | | | | 1,256,798 | | | | | | | 2,038,873 | | | | | | | 2,038,873 | | | | | | | 2,038,873 | | | | | | | 1,404,813 | | | | | | | — | | | | | Scarlett May Total | | | | | | — | | | | | | | 1,604,337 | | | | | | | 2,539,685 | | | | | | | 2,539,685 | | | | | | | 2,539,685 | | | | | | | 1,723,979 | | | | | | | — | | | |
| | Keith T. Carango | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Keith T. Carango | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Cash Severance(5) | | | | | | — | | | | | | | — | | | | | | | 445,000 | | | | | | | 445,000 | | | | | | | 445,000 | | | | | | | 445,000 | | | | | | | — | | | | | Cash Severance(5) | | | | | | — | | | | | | | — | | | | | | | 462,500 | | | | | | | 462,500 | | | | | | | 462,500 | | | | | | | 462,500 | | | | | | | — | | | |
| | Pro-Rata Bonus(6) | | | | | | — | | | | | | | — | | | | | | | 163,065 | | | | | | | 163,065 | | | | | | | 163,065 | | | | | | | 163,065 | | | | | | | — | | | | | Pro-Rata Bonus(6) | | | | | | — | | | | | | | — | | | | | | | 223,890 | | | | | | | 223,890 | | | | | | | 223,890 | | | | | | | 223,890 | | | | | | | — | | | |
| | Intrinsic Value of Equity Acceleration(7) | | | | | | — | | | | | | | 950,120 | | | | | | | 917,123(3) | | | | | | | 917,123(4) | | | | | | | 917,123(4) | | | | | | | 415,051(4) | | | | | | | — | | | | | Intrinsic Value of Equity Acceleration(7) | | | | | | — | | | | | | | 1,262,043 | | | | | | | 1,262,043(4) | | | | | | | 1,262,043(3) | | | | | | | 1,262,043(3) | | | | | | | 598,551(3) | | | | | | | — | | | |
| | Health & Welfare Benefits(8) | | | | | | — | | | | | | | — | | | | | | | 27,060 | | | | | | | 27,060 | | | | | | | 27,060 | | | | | | | 27,060 | | | | | | | — | | | | | Health & Welfare Benefits(8) | | | | | | — | | | | | | | — | | | | | | | 16,002 | | | | | | | 16,002 | | | | | | | 16,002 | | | | | | | 16,002 | | | | | | | — | | | |
| | Gross-up on Excise Tax | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | Gross-up on Excise Tax | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| | Keith T. Carango Total | | | | | | — | | | | | | | 950,120 | | | | | | | 1,552,248 | | | | | | | 1,552,248 | | | | | | | 1,552,248 | | | | | | | 1,050,176 | | | | | | | — | | | | | Keith T. Carango Total | | | | | | — | | | | | | | 1,262,043 | | | | | | | 1,964,435 | | | | | | | 1,964,435 | | | | | | | 1,964,435 | | | | | | | 1,300,943 | | | | | | | — | | | |
| | Total Payments (including those for Mr. Overton (see CEO Table above)) | | | | | | — | | | | | | | 16,967,577 | | | | | | | 26,260,101 | | | | | | | 25,159,853 | | | | | | | 25,159,853 | | | | | | | 16,970,475 | | | | | | | 5,252,000 | | | | | Total Payments (including those for Mr. Overton (see CEO Table above)) | | | | | | — | | | | | | | 22,620,838 | | | | | | | 32,957,405 | | | | | | | 31,667,264 | | | | | | | 31,667,264 | | | | | | | 21,341,663 | | | | | | | 5,055,000 | | | |
| | (a) | | | | (b) | | | | (c) | | | | (d) | | | | (e) | | | | (f) | | | | (g) | | | | (h) | | | | (i) | | | | (a) | | | | (b) | | | | (c) | | | | (d) | | | | (e) | | | | (f) | | | | (g) | | | | (h) | | | | (i) | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Value of Initial Fixed $100 Investment Based on: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Value of Initial Fixed $100 Investment Based on: | | | | | | | | | | | | | | | | | ||||||||||||||||||||
| | Fiscal Year(1) | | | | Summary Compensation Table Total for PEO ($) | | | | CAP to PEO ($)(2) | | | | Average SCT Total for Non-PEO NEOs ($) | | | | Average CAP to Non-PEO NEOs ($)(2) | | | | Total Shareholder Return ($) | | | | Peer Group Total Shareholder Return ($)(3) | | | | Net Income (millions$) | | | | Company Selected Measure: Adjusted EBITDAR (millions $)(4) | | | | Fiscal Year(1) | | | | Summary Compensation Table Total for PEO ($) | | | | CAP to PEO ($)(2) | | | | Average SCT Total for Non-PEO NEOs ($) | | | | Average CAP to Non-PEO NEOs ($)(2) | | | | Total Shareholder Return ($) | | | | Peer Group Total Shareholder Return ($)(3) | | | | Net Income (millions $) | | | | Company Selected Measure: Adjusted EBITDAR (millions $)(4) | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| | 2022 | | | | | | 7,181,744 | | | | | | | 3,567,483 | | | | | | | 1,802,879 | | | | | | | 1,203,895 | | | | | | | 86.27 | | | | | | | 95.9 | | | | | | | 43 | | | | | | | 418 | | | | | 2023 | | | | | | 7,658,919 | | | | | | | 7,434,904 | | | | | | | 1,953,855 | | | | | | | 1,881,426 | | | | | | | 94.62 | | | | | | | 116.21 | | | | | | | 101 | | | | | | | 498 | | | |
| | 2021 | | | | | | 7,375,204 | | | | | | | 8,556,512 | | | | | | | 1,877,590 | | | | | | | 2,038,099 | | | | | | | 103.24 | | | | | | | 122.1 | | | | | | | 72 | | | | | | | 450 | | | | | 2022 | | | | | | 7,181,744 | | | | | | | 3,567,483 | | | | | | | 1,802,879 | | | | | | | 1,203,895 | | | | | | | 86.27 | | | | | | | 97.86 | | | | | | | 43 | | | | | | | 418 | | | |
| | 2020 | | | | | | 5,914,037 | | | | | | | 10,736,376 | | | | | | | 1,398,299 | | | | | | | 2,123,579 | | | | | | | 96.26 | | | | | | | 125.5 | | | | | | | (253) | | | | | | | 173 | | | | | 2021 | | | | | | 7,375,204 | | | | | | | 8,556,512 | | | | | | | 1,877,590 | | | | | | | 2,038,099 | | | | | | | 103.24 | | | | | | | 122.95 | | | | | | | 72 | | | | | | | 450 | | | |
| | 2020 | | | | | | 5,914,037 | | | | | | | 10,736,376 | | | | | | | 1,398,299 | | | | | | | 2,123,578 | | | | | | | 96.26 | | | | | | | 126.30 | | | | | | | (253) | | | | | | | 173 | | | |
| | Year | | | | SCT Total ($) | | | | Minus SCT Equity ($) | | | | Plus (Minus) End of Fiscal Year Fair Value of Equity Awards Granted During Fiscal Year that are Outstanding and Unvested at End of Fiscal Year ($) | | | | Plus (Minus) Change from Beginning of Fiscal Year to End of Fiscal Year in Fair Value of Awards Granted in Any Prior Fiscal Year that are Outstanding and Unvested at End of Fiscal Year ($) | | | | Plus (Minus) Change in Fair Value from Beginning of Fiscal Year to Vesting Date of Awards Granted in Any Prior Fiscal Year that Vested During the Fiscal Year ($) | | | | Plus Value of Dividends or Other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation ($) | | | | Calculated CAP ($) | | | | Year | | | | SCT Total ($) | | | | Minus SCT Equity ($) | | | | Plus (Minus) End of Fiscal Year Fair Value of Equity Awards Granted During Fiscal Year that are Outstanding and Unvested at End of Fiscal Year ($) | | | | Plus (Minus) Change from Beginning of Fiscal Year to End of Fiscal Year in Fair Value of Awards Granted in Any Prior Fiscal Year that are Outstanding and Unvested at End of Fiscal Year ($) | | | | Plus (Minus) Change in Fair Value from Beginning of Fiscal Year to Vesting Date of Awards Granted in Any Prior Fiscal Year that Vested During the Fiscal Year ($) | | | | Plus Value of Dividends or Other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation ($) | | | | Calculated CAP ($) | | | ||||||||||||||||||||||||||||||||||||||||||
| | PEO | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | PEO | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | 2022 | | | | | | 7,181,744 | | | | | | | 5,301,316 | | | | | | | 4,337,067 | | | | | | | (3,049,619) | | | | | | | 300,636 | | | | | | | 98,971 | | | | | | | 3,567,483 | | | | | 2023 | | | | | | 7,658,919 | | | | | | | 5,600,595 | | | | | | | 4,594,289 | | | | | | | (93,689) | | | | | | | 825,115 | | | | | | | 50,865 | | | | | | | 7,434,904 | | | |
| | 2021 | | | | | | 7,375,204 | | | | | | | 5,099,931 | | | | | | | 3,871,411 | | | | | | | 337,172 | | | | | | | 2,072,656 | | | | | | | — | | | | | | | 8,556,512 | | | | | 2022 | | | | | | 7,181,744 | | | | | | | 5,301,316 | | | | | | | 4,337,067 | | | | | | | (3,049,619) | | | | | | | 300,636 | | | | | | | 98,971 | | | | | | | 3,567,483 | | | |
| | 2020 | | | | | | 5,914,037 | | | | | | | 4,496,932 | | | | | | | 7,717,902 | | | | | | | 1,802,588 | | | | | | | (201,219) | | | | | | | —* | | | | | | | 10,736,376 | | | | | 2021 | | | | | | 7,375,204 | | | | | | | 5,099,931 | | | | | | | 3,871,411 | | | | | | | 337,172 | | | | | | | 2,072,656 | | | | | | | — | | | | | | | 8,556,512 | | | |
| | Average Non PEO NEOs | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2020 | | | | | | 5,914,037 | | | | | | | 4,496,932 | | | | | | | 7,717,902 | | | | | | | 1,802,588 | | | | | | | (201,219) | | | | | | | —* | | | | | | | 10,736,376 | | | |
| | 2022 | | | | | | 1,802,879 | | | | | | | 904,085 | | | | | | | 739,642 | | | | | | | (488,921) | | | | | | | 38,398 | | | | | | | 15,982 | | | | | | | 1,203,895 | | | | | Average Non-PEO NEOs | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | 2021 | | | | | | 1,877,590 | | | | | | | 869,091 | | | | | | | 659,744 | | | | | | | 57,936 | | | | | | | 311,920 | | | | | | | — | | | | | | | 2,038,099 | | | | | 2023 | | | | | | 1,953,855 | | | | | | | 948,081 | | | | | | | 746,742 | | | | | | | (14,144) | | | | | | | 132,562 | | | | | | | 10,492 | | | | | | | 1,881,426 | | | |
| | 2020 | | | | | | 1,398,299 | | | | | | | 736,073 | | | | | | | 1,192,739 | | | | | | | 293,102 | | | | | | | (24,489) | | | | | | | —* | | | | | | | 2,123,579 | | | | | 2022 | | | | | | 1,802,879 | | | | | | | 904,085 | | | | | | | 739,642 | | | | | | | (488,921) | | | | | | | 38,398 | | | | | | | 15,982 | | | | | | | 1,203,895 | | | |
| | 2021 | | | | | | 1,877,590 | | | | | | | 869,091 | | | | | | | 659,744 | | | | | | | 57,936 | | | | | | | 311,920 | | | | | | | — | | | | | | | 2,038,099 | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| | 2020 | | | | | | 1,398,299 | | | | | | | 736,073 | | | | | | | 1,192,739 | | | | | | | 293,102 | | | | | | | (24,489) | | | | | | | —* | | | | | | | 2,123,578 | | | |
Alexander L. Cappello Janice L. Meyer |
Name and Address of Beneficial Owner(1) | | | Amount and Nature of Beneficial Ownership(2) | | | Percentage of Total Outstanding(3) | | ||||||
BlackRock, Inc.(4) | | | | | 7,719,665 | | | | | | 15.0% | | |
The Vanguard Group, Inc.(5) | | | | | 5,532,144 | | | | | | 10.7% | | |
Kayne Anderson Rudnick Investment Management, LLC(6) | | | | | 3,772,574 | | | | | | 7.3% | | |
Baron Capital Group, Inc.(7) | | | | | 2,817,474 | | | | | | 5.5% | | |
EARNEST Partners, LLC(8) | | | | | 2,789,920 | | | | | | 5.4% | | |
Named Executive Officers, Directors and Director nominees: | | | | | | | | | | | | | |
David Overton(9) | | | | | 3,729,638 | | | | | | 7.2% | | |
Edie A. Ames(10) | | | | | 32,100 | | | | | | * | | |
Alexander L. Cappello(11) | | | | | 9,666 | | | | | | * | | |
Adam S. Gordon(12) | | | | | — | | | | | | * | | |
Jerome I. Kransdorf(13) | | | | | 13,750 | | | | | | * | | |
Laurence B. Mindel(14) | | | | | 12,500 | | | | | | * | | |
Janice L. Meyer(15) | | | | | 11,013 | | | | | | * | | |
David B. Pittaway(16) | | | | | 16,987 | | | | | | * | | |
Herbert Simon(17) | | | | | 195,000 | | | | | | * | | |
Khanh Collins(18) | | | | | 4,940 | | | | | | * | | |
David M. Gordon(19) | | | | | 170,351 | | | | | | * | | |
Matthew E. Clark(20) | | | | | 188,550 | | | | | | * | | |
Scarlett May(21) | | | | | 54,930 | | | | | | * | | |
Keith T. Carango(22) | | | | | 64,610 | | | | | | * | | |
All executive officers and directors as a group (14 persons)(23) | | | | | 4,504,035 | | | | | | 8.7% | | |
Name and Address of Beneficial Owner(1) | | | Amount and Nature of Beneficial Ownership(2) | | | Percentage of Total Outstanding(3) | | ||||||
BlackRock, Inc(4) | | | | | 7,476,498 | | | | | | 14.6% | | |
The Vanguard Group, Inc.(5) | | | | | 5,502,069 | | | | | | 10.8% | | |
Kayne Anderson Rudnick Investment Management, LLC(6) | | | | | 2,947,277 | | | | | | 5.8% | | |
Baron Capital Group, Inc.(7) | | | | | 2,200,000 | | | | | | 4.3% | | |
EARNEST Partners, LLC(8) | | | | | 2,815,127 | | | | | | 5.5% | | |
Named Executive Officers, Directors and Director nominees: | | | | | | | | | | | | | |
David Overton(9) | | | | | 3,793,521 | | | | | | 7.4% | | |
Edie A. Ames(10) | | | | | 32,100 | | | | | | * | | |
Alexander L. Cappello(11) | | | | | 13,318 | | | | | | * | | |
Khanh Collins(12) | | | | | 8,592 | | | | | | * | | |
Adam S. Gordon(13) | | | | | 3,652 | | | | | | * | | |
Jerome I. Kransdorf(14) | | | | | 13,750 | | | | | | * | | |
Janice L. Meyer(15) | | | | | 14,665 | | | | | | * | | |
Laurence B. Mindel(16) | | | | | 12,500 | | | | | | * | | |
David B. Pittaway(17) | | | | | 18,813 | | | | | | * | | |
David M. Gordon(18) | | | | | 74,093 | | | | | | * | | |
Matthew E. Clark(19) | | | | | 48,368 | | | | | | * | | |
Scarlett May(20) | | | | | 40,643 | | | | | | * | | |
Keith T. Carango(21) | | | | | 50,012 | | | | | | * | | |
All executive officers and directors as a group (13 persons)(22) | | | | | 4,124,027 | | | | | | 8.1% | | |
| | Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights | | Weighted Average Exercise Price of Outstanding Options ($) | | Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans(1) | | | Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights | | Weighted Average Exercise Price of Outstanding Options ($) | | Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans(1) | | ||||||||||||||||||||||||
Equity compensation plans approved by stockholders | | | | 1,120,490(2) | | | | | 46.11 | | | | | 4,702,252 | | | | | | 1,200,250(2) | | | | | 47.11 | | | | | 3,140,982 | | | ||||||
Equity compensation plans not approved by stockholders | | | | — | | | | | — | | | | | — | | | | | | — | | | | | — | | | | | — | | | ||||||
Total | | | | 1,120,490 | | | | | 46.11 | | | | | 4,702,252 | | | | | | 1,200,250 | | | | | 47.11 | | | | | 3,140,982 | | |
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| | VOTE ONLINE | | | VOTE BY TELEPHONE | | |
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| | IF YOU PLAN TO ATTEND THE ANNUAL MEETING | | | |||
| | We will be hosting our Annual Meeting via live webcast only. Any stockholder can attend the Annual Meeting live online at www.virtualshareholdermeeting.com/ | | |
| | | Fiscal Year 2022 | | |||
Income from operations | | | | $ | 38,935 | | |
Depreciation and amortization expenses | | | | | 92,380 | | |
Rent | | | | | 222,052 | | |
EBITDAR | | | | | 353,367 | | |
Impairment of assets and lease terminations | | | | | 31,387 | | |
Equity compensation expenses | | | | | 24,426 | | |
Other | | | | | 9,300 | | |
Adjusted EBITDAR | | | | $ | 418,480 | | |
| | | Fiscal Year | | |||||||||
| | | 2022 | | | 2021 | | ||||||
Net income available to common stockholders | | | | $ | 43,123 | | | | | $ | 49,131 | | |
Dividends on Series A preferred stock | | | | | — | | | | | | 18,661 | | |
Net income attributed to Series A preferred stock to apply if-converted method | | | | | — | | | | | | 4,581 | | |
COVID-19 related costs | | | | | — | | | | | | 4,917 | | |
Impairment of assets and lease termination expenses | | | | | 31,387 | | | | | | 18,139 | | |
Acquisition-related contingent consideration, compensation and amortization expense | | | | | 13,368 | | | | | | 19,510 | | |
Termination of interest rate swap | | | | | — | | | | | | 2,354 | | |
Uncertain tax positions | | | | | — | | | | | | 7,139 | | |
Tax effect of adjustments | | | | | (11,637) | | | | | | (11,679) | | |
Adjusted net income | | | | $ | 76,241 | | | | | $ | 112,753 | | |
Diluted net income/(loss) per common share | | | | $ | 0.86 | | | | | $ | 1.01 | | |
Dividends on Series A preferred stock | | | | | — | | | | | | 0.35 | | |
Net income attributable to Series A preferred stock to apply if-converted method | | | | | — | | | | | | 0.09 | | |
Assumed impact of potential conversion of Series A preferred stock into common stock(1) | | | | | — | | | | | | (0.08) | | |
COVID-19 related costs | | | | | — | | | | | | 0.09 | | |
Impairment of assets and lease termination expenses | | | | | 0.62 | | | | | | 0.34 | | |
Acquisition-related contingent consideration, compensation and amortization expense | | | | | 0.27 | | | | | | 0.37 | | |
Termination of interest rate swap | | | | | — | | | | | | 0.04 | | |
Uncertain tax positions | | | | | — | | | | | | 0.13 | | |
Tax effect of adjustments | | | | | (0.23) | | | | | | (0.22) | | |
Adjusted net income per share(2) | | | | $ | 1.51 | | | | | $ | 2.13 | | |
| | | Fiscal Year 2023 | | |||
Income from operations | | | | $ | 108,566 | | |
Depreciation and amortization expenses | | | | | 93,136 | | |
Rent | | | | | 232,963 | | |
EBITDAR | | | | | 434,665 | | |
Impairment of assets and lease terminations | | | | | 29,464 | | |
Equity compensation expenses | | | | | 25,781 | | |
Other | | | | | 7,767 | | |
Adjusted EBITDAR | | | | $ | 497,675 | | |
| | | Fiscal Year | | |||||||||
| | | 2023 | | | 2022 | | ||||||
Net income available to common stockholders | | | | $ | 101,351 | | | | | $ | 43,123 | | |
Impairment of assets and lease termination expenses | | | | | 29,464 | | | | | | 31,387 | | |
Acquisition-related contingent consideration, compensation and amortization expense | | | | | 11,686 | | | | | | 13,368 | | |
Tax effect of adjustments(1) | | | | | (10,699) | | | | | | (11,637) | | |
Adjusted net income | | | | $ | 131,802 | | | | | $ | 76,241 | | |
Diluted net income per common share | | | | $ | 2.07 | | | | | $ | 0.86 | | |
Impairment of assets and lease termination expenses | | | | | 0.61 | | | | | | 0.62 | | |
Acquisition-related contingent consideration, compensation and amortization expense | | | | | 0.24 | | | | | | 0.27 | | |
Tax effect of adjustments(1) | | | | | (0.22) | | | | | | (0.23) | | |
Adjusted net income per share(2) | | | | $ | 2.69 | | | | | $ | 1.51 | | |