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| GENERAL INFORMATION | | | | | 1 | | |
| PROPOSAL ONE: ELECTION OF DIRECTORS | | | | | 6 | | |
| EXECUTIVE OFFICERS OF REPAY | | | | | 12 | | |
| CORPORATE GOVERNANCE | | | | | | | |
| REPORT OF AUDIT COMMITTEE | | | | | | | |
| COMPENSATION DISCUSSION AND ANALYSIS | | | | | | | |
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| EXECUTIVE COMPENSATION | | | | | | | |
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| DIRECTOR COMPENSATION | | | | | | | |
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| COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION | | | | | | | |
| COMPENSATION COMMITTEE REPORT | | | | | | | |
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61 | | | ||||||
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| | | | 66 | | | ||
| | | | | 67 | | | |
| AUDITOR FEES | | | | | 71 | | |
| PROPOSAL TWO: ADVISORY VOTE ON EXECUTIVE COMPENSATION | | | | | 72 | | |
| | | | | 73 | | | |
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| STOCKHOLDER PROPOSALS | | | | | 84 | | |
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| ANNEX B NON-GAAP RECONCILIATION | | | | | B-1 | | |
| | | | As of April 8, 2024 | | |||
| Class A common stock | | | | | 95,900,561 | | |
| Class V common stock/Post-Merger Repay Units | | | | | 5,844,095 | | |
| Total Common Shares Outstanding (Voting Power) | | | | | 101,744,656 | | |
| Shaler Alias, President and Co-Founder, Director Age: Committee Memberships: None | | | Mr. Alias has served as our President and a director since the Business Combination. He co-founded REPAY LLC in 2006 and has served as its President since 2008. From its formation in September 2016 through the Business Combination, Mr. Alias served as a member of the board of directors of Hawk Parent. Mr. Alias has also been a member of the board of directors of Repay Holdings, LLC since its formation in September 2013. Mr. Alias served as Vice President of Sales of REPAY LLC from 2006 to 2008. Prior to 2006, Mr. Alias co-founded and served as Director of Sales and Marketing for Capital Recovery Solutions, a collection agency that served community banks and consumer finance lenders. We believe that Mr. Alias is well-qualified to serve as a member of our Board because of the experience that he brings as a co-founder as well as his knowledge of the payments industry. | |
| Governance Committee |
Paul R. Garcia, Independent Director Age: Committee Memberships: • Audit Committee • Compensation Committee | | | Mr. Garcia has served as a director since the Business Combination. Mr. Garcia served as chairman and CEO of Global Payments Inc. (NYSE:GPN) (“Global Payments”), a leading provider of credit card processing, check authorization and other electronic payment processing services, from June 1999 to May 2014. Mr. Garcia has served as a director of Deluxe Corporation (NYSE: DLX) since August 2020 and as a director of UnitedHealthGroup Incorporated (NYSE: UNH) since November 2021. Mr. Garcia also serves as a director of Payment Alliance International. He previously served on the board of directors of The Dun & Bradstreet Corporation from May 2012 until February 2019, West Corporation from March 2013 until October 2017, Global Payments from February 2001 until May 2014, and Truist Financial Corp. and its predecessor SunTrust Banks, Inc. from August 2014 until October 2021. We believe that Mr. Garcia is well-qualified to serve as a member of our Board due to his extensive experience in the payment services industry. | |
| Maryann Goebel, Independent Director Age: 73 Committee Memberships: • Technology Committee (Chair) | | | Ms. Goebel has served as a director since the Business Combination. Ms. Goebel has been an IT management consultant, providing assessments and recommendations regarding IT management and coaching to chief information officers, since July 2012. Ms. Goebel has served as a director of Seacoast Banking Corporation of Florida (“Seacoast”) (NASDAQ: SBCF), a bank holding company, since February 2014. She is also a member of Seacoast’s audit committee, enterprise risk management committee and information technology committee and chairs its compensation and governance committee. From June 2009 to July 2012, Ms. Goebel served as Executive Vice President and Chief Information Officer of Fiserv, Inc. (“Fiserv”) (NASDAQ: FISV), where she was responsible for all internal Fiserv IT systems, as well as IT infrastructure, operations, engineering and middleware services for clients who chose to outsource their processing to Fiserv. Ms. Goebel previously served on the Arts and Sciences Advisory Board of Worcester Polytechnic Institute. In 2017, Ms. Goebel was awarded the CERT Certificate in Cybersecurity Oversight by the NACD. We believe that Ms. Goebel is well-qualified to serve as a member of our Board due to her extensive experience in the information technology industry. | |
| Robert H. Hartheimer, Independent Director Age: 66 Committee Memberships: • Audit Committee (Chair) | | | Mr. Hartheimer has served as a director since June 2018 (including service as a director of Thunder Bridge through the Business Combination). Mr. Hartheimer has been a financial services and bank regulatory consultant for the past 22 years currently with both his own firm and the Klaros Group as a Senior Advisor. In the past Mr. Hartheimer was a managing Director at Promontory Financial Group. In 2016 Mr. Hartheimer founded, along with three co-founders, Jasper, a U.S. based credit card issuer and he served various roles including Chief Regulatory and Compliance Officer until 2022. In 1991, Mr. Hartheimer joined the Federal Deposit Insurance Corporation, where he and a small team created the Division of Resolutions to analyze and sell failed banks. He went on to serve as the Director of that division and was responsible for the sale of 200 banks in four years. Mr. Hartheimer’s other past positions include over 14 years in senior roles at investment banks, including Merrill Lynch, Smith Barney and Friedman Billings Ramsey. In addition to Mr. Hartheimer’s service as a director of Repay, he is an independent director of CardWorks, a consumer lender and servicer, since 2017, and since 2021 has also been a director of a publicly held SPAC seeking acquisition. Mr. Hartheimer is chairman of the audit committees of each of these companies and chair of CardWorks’ compliance/risk committee. Mr. Hartheimer has been a director of ten U.S. companies in the last 26 years; six public companies, two private and two subsidiaries of public companies. These include three banks, one consumer lender and credit card servicer, two payments companies, two SPACs which successfully acquired businesses, two SPACs in search of an acquisition (one of which terminated its business on December 31, 2023) and one investment management business. In addition to his current role as chairman of three audit committees and one compliance/risk committee, he chaired audit Committees at four past companies and chaired compliance/risk committees at two companies. We believe that Mr. Hartheimer is well-qualified to serve on our Board because he brings to it his extensive experience in the financial services industry, the bank regulatory community and investment banking. | |
| William Jacobs, Independent Director Age: Committee Memberships: • Compensation Committee (Chair) • Nominating and Corporate Governance Committee | | | Mr. Jacobs has served as a director since the Business Combination. From its formation in September 2016 through the Business Combination, Mr. Jacobs served as a member of the board of directors of Hawk Parent. Mr. Jacobs has served as a director of and as chairman of Green Dot Corporation (NYSE: GDOT) (“Green Dot”), a financial services technology company, since June 2016 (and he has served as a director of Green Dot since April 2016). Mr. Jacobs served as a director of Global Payments, | |
| Peter “Pete” J. Kight, Age: Committee Memberships: • Nominating and Corporate Governance Committee (Chair) • Technology Committee | | | Mr. Kight has been the Chairman of our Board since the Business Combination and previously served as the Executive Chairman of Thunder Bridge since June 2018. Mr. Kight has 35 years of industry experience. He has been an Angel Investor and Advisor to Commerce Ventures, a Silicon Valley based venture capital firm focused on investing in innovations in the retail and financial services industries, since 2012. Mr. Kight previously served as a co-chairman and Managing Partner at Comvest Partners, a mid-market private investment firm, from 2010 to 2013, and then as a Senior Advisor at Comvest Partners from 2013 to 2015. He was the founder, chairman, and Chief Executive Officer of CheckFree Corporation (NASDAQ: CKFR), a provider of financial services technology, from 1981 until it was acquired by Fiserv (NASDAQ: FISV) in 2007. Mr. Kight then served as director and vice chairman of Fiserv following Fiserv’s acquisition of CheckFree from 2007 to 2012 (Vice Chairman from 2007 to 2010). Mr. Kight has served as a director of Bill.com Holdings, Inc. (NYSE: BILL), a provider of software that digitizes and automates back-office financial operations since May 2019 and as a director of indie Semiconductor, Inc. (NASDAQ: INDI), an Autotech solutions innovator, from June 2021 to present. Mr. Kight previously served on the boards of directors of Akamai Technologies, Inc. (NASDAQ GS: AKAM), distributor of computing solutions and services, from 2004 to 2012, Manhattan Associates, Inc., (NASDAQ: MANH) a provider of supply chain planning and execution solutions, from 2007 to 2011, Kabbage, Inc., a technology-driven SME lending company, from 2015 to November 2017, Blackbaud, Inc. (NASDAQ: BLKB), a supplier of software and services specifically designed for nonprofit organizations, from 2014 to 2020, and Huntington Bancshares Incorporated (NASDAQ: HBAN), a regional bank holding company, from 2012 to 2020. He has been a Principal of Thunder Bridge Capital, LLC, since 2017. He holds more than a dozen patents and publications for electronic banking and payment systems. We believe that Mr. Kight is well-qualified to serve as a member of our Board due to his extensive financial services, operational, management and investment experience. | |
| John Morris, Chief Executive Officer and Co-Founder, Director Age: Committee Memberships: None | | | Mr. Morris has served as our Chief Executive Officer and a director since the Business Combination. He co-founded REPAY LLC and has served as its Chief Executive Officer since 2010. From its formation in September 2016 through the Business Combination, Mr. Morris served as a member of the board of directors of Hawk Parent. Mr. Morris has also been a member of the board of directors of Repay Holdings, LLC since its formation in September 2013. From 1997 to 2008, Mr. Morris served as President of Security Check Atlanta, a check processing and recovery solutions company, until its acquisition by Payliance, where he served as Executive Vice President of Sales and Marketing prior to commencing his role as Chief Executive Officer of REPAY LLC. From 1994 to 1997, Mr. Morris served in several corporate finance positions for Bass Hotels and Resorts, including Director of Corporate Finance. We believe that Mr. Morris is well-qualified to serve as a member of our Board because of the experience that he brings as a co-founder as well as his over 20 years of experience in the payments industry. | |
| Emnet Rios, Independent Director Age: Committee Memberships: • Audit Committee Technology Committee | | | Ms. Rios has served as a director since January 2022. Since July 2018, Ms. Rios has served as Chief Financial Officer of Digital Asset Holdings, LLC (“Digital Asset”), which designs and delivers distributed ledger technology products for the financial services, healthcare, supply chain and insurance industries. From July 2019 to January 2023, she also served as Chief Operating Officer of Digital Asset. From May 2016 to July 2018, Ms. Rios served as the Controller and Global Head of Operations of Digital Asset. Prior to joining Digital Asset, Ms. Rios served in various finance roles for NatWest Group (formerly the Royal Bank of Scotland) where she was heavily involved in the bank’s restructuring efforts following the 2008 global financial crisis. Earlier on, Ms. Rios spent over 5 years at IBM in various leadership roles from the firm’s corporate headquarters in New York. We believe that Ms. Rios is well-qualified to serve as a member of our Board because of her extensive combined experience of leading the finance, HR and operations functions of high growth organizations and her background in both the financial services and technology industries. | |
| Richard E. Thornburgh, Independent Director Age: 71 Committees Memberships: • Compensation Committee • Nominating and Corporate Governance Committee | | | Mr. Thornburgh has served as a director since the Business Combination. Since December 2011, Mr. Thornburgh has served as a director of S&P Global, Inc. (NYSE: SPGI), a financial information and analytics company, where he serves as the chair of the board and chair of the executive committee and as a member of the compensation and leadership development committee and the nominating and governance committee. Mr. Thornburgh also serves as the chair of the board of directors of Jackson Hewitt Tax Service Inc., a company that provides assisted tax preparation services and related financial products and which is a portfolio company of Corsair Capital LLC. He has held this position since June 2018. He previously served as a director of Capstar Financial Holdings, Inc., a publicly-traded bank holding company, from December 2008 to December 2019, and Newstar Financial, a commercial finance company, from December 2006 until December 2017, both of which were portfolio companies of Corsair Capital, LLC during his service. In addition, from May 2006 to April 2018, Mr. Thornburgh served on the board of directors of Credit Suisse AG, a publicly traded global financial institution. He served as vice chairman of the board, chair of its risk committee, member of the audit and nominations and governance committees. From 1995 to 2005, he held a variety of executive and other board responsibilities at Credit Suisse Group AG, including Chief Financial Officer and Chief Risk Officer. Mr. Thornburgh was also the chairman of the board of directors of Credit Suisse Holdings USA from December 2015 to April 2018. Mr. Thornburgh is a Senior Advisor and member of the investment committee of Corsair Capital LLC, which he joined in 2006. He also previously served a director of Reynolds America Inc. from December 2011 until December 2015. We believe Mr. Thornburgh is well-qualified to serve on our Board because of his familiarity with the capital markets and strategic transactions obtained through executive-level positions in investment banking and private equity, as well as his extensive experience in the financial services industry. | |
| Name | | | Age | | | Position | |
| John Morris | | | | | Chief Executive Officer and Co-Founder, Director | | |
| Shaler Alias | | | | | President and Co-Founder, Director | | |
| Naomi Barnett | | | | | Executive Vice President, Human Resources | | |
| Alex Cohen | | | 34 | | | Executive Vice President, Corporate Development and Strategy | |
| Tyler B. Dempsey | | | | | General Counsel | | |
| David Guthrie | | | | | Chief Technology Officer | | |
| Jacob H. Moore | | | | | Executive Vice President, Consumer Payments | | |
| Timothy J. Murphy | | | | | Chief Financial Officer | |
| Name | | | Title | |
| John Morris | | | Chief Executive Officer (“CEO”) | |
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Timothy J. Murphy | | | Chief Financial Officer | | |
| Tyler B. Dempsey | | | General Counsel | |
| David Guthrie | | | Chief Technology Officer | |
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Name | | | Base Salary ($) | | | % of Total | | | Target Short-Term Cash Incentive ($) | | | % of Total | | | Target Long-Term Equity Incentives ($) | | | % of Total | | | Total Target Compensation | | |||||||||||||||||||||
John Morris | | | | | 500,000 | | | | | | 8% | | | | | | 500,000 | | | | | | 8% | | | | | | 5,500,000 | | | | | | 85% | | | | | | 6,500,000 | | |
Shaler Alias | | | | | 336,141 | | | | | | 23% | | | | | | 168,070 | | | | | | 12% | | | | | | 969,000 | | | | | | 65% | | | | | | 1,473,211 | | |
Timothy J. Murphy | | | | | 385,000 | | | | | | 17% | | | | | | 288,750 | | | | | | 13% | | | | | | 1,586,000 | | | | | | 70% | | | | | | 2,259,750 | | |
Tyler B. Dempsey | | | | | 374,500 | | | | | | 26% | | | | | | 187,250 | | | | | | 13% | | | | | | 860,000 | | | | | | 60% | | | | | | 1,421,750 | | |
David Guthrie | | | | | 350,000 | | | | | | 26% | | | | | | 175,000 | | | | | | 13% | | | | | | 800,000 | | | | | | 60% | | | | | | 1,325,000 | | |
Michael F. Jackson | | | | | 385,000 | | | | | | 25% | | | | | | 192,500 | | | | | | 13% | | | | | | 954,000 | | | | | | 62% | | | | | | 1,531,500 | | |
| Name | | | Base Salary ($) | | | % of Total | | | Target Short-Term Cash Incentive ($) | | | % of Total | | | Target Long-Term Equity Incentives ($) | | | % of Total | | | Total Target Compensation | | |||||||||||||||||||||
| John Morris | | | | | 500,000 | | | | | | 7% | | | | | | 500,000 | | | | | | 7% | | | | | | 6,500,000 | | | | | | 87% | | | | | | 7,500,000 | | |
| Timothy J. Murphy | | | | | 400,000 | | | | | | 17% | | | | | | 300,000 | | | | | | 13% | | | | | | 1,586,000 | | | | | | 69% | | | | | | 2,286,000 | | |
| Tyler B. Dempsey | | | | | 385,000 | | | | | | 25% | | | | | | 192,500 | | | | | | 13% | | | | | | 950,000 | | | | | | 62% | | | | | | 1,527,500 | | |
| David Guthrie | | | | | 400,000 | | | | | | 22% | | | | | | 300,000 | | | | | | 17% | | | | | | 1,100,000 | | | | | | 61% | | | | | | 1,800,000 | | |
| Jacob H. Moore | | | | | 360,000 | | | | | | 22% | | | | | | 270,000 | | | | | | 17% | | | | | | 1,000,000 | | | | | | 61% | | | | | | 1,630,000 | | |
| What We Do | | | What We Don’t Do | | ||||||||||||
| | | Heavy emphasis on variable and performance-based compensation | | | | | Engage an independent compensation consultant | | | | | No significant perquisites | | |||
| | | Stock ownership guidelines | | | | | Fully independent compensation committee | | | | | No incentives that encourage excessive risk-taking | | |||
| | | Anti-hedging/Anti-pledging policy | | | | | Capped annual and long-term incentive programs | | | | | No tax gross ups | | |||
| | | Mix of short-term and long-term incentives and performance metrics | | | | | Double trigger change in control cash severance benefits and equity vesting | | | | | No guaranteed incentive payments | | |||
| | | Annual risk assessments | | | | | Clawback policy | | | | | | | |
| Compensation Element | | | How It’s Paid | | | Purpose | |
| Base Salary | | | Cash (Fixed) | | | Provides a competitive fixed compensation relative to similar positions in the market and enables us to attract and retain highly skilled executive talent | |
| Annual Cash Incentive Awards | | | Cash | | | Focuses executives on achieving annual financial and strategic goals that promote growth, profitability and returns, ultimately driving long-term stockholder value. | |
| Long-Term Incentive Plan | | | Equity | | | Provides incentives for executives to reach long-term financial and strategic goals that drive stockholder value creation. Typically, our time-based awards vest over four years, and the performance period of our performance-based awards is three years. | |
| Stock Options | | | Equity (Variable/at-risk) | | | Provides an incentive for executives to reach long-term financial and strategic goals that drive stockholder value creation and promotes retention among executive management. | |
| ACI Worldwide, Inc. Bill.com Holdings, Inc. EVERTEC Inc. EVO Payments, Inc. | | | Green Dot Corporation International Money Express, Inc. Nuvei Corporation | | | Shift4 Payments, Inc. Q2 Holdings, Inc. Verra Mobility Corporation | |
Name | | | 2022 Base Salary ($) | | | 2021 Base Salary ($) | | | % Change | | |||||||||
John Morris | | | | | 500,000 | | | | | | 355,000 | | | | | | 29.0% | | |
Shaler Alias | | | | | 336,414 | | | | | | 314,150 | | | | | | 6.6% | | |
Timothy J. Murphy | | | | | 385,000 | | | | | | 283,250 | | | | | | 26.4% | | |
Tyler B. Dempsey | | | | | 374,500 | | | | | | 350,000 | | | | | | 6.5% | | |
David Guthrie(1) | | | | | 350,000 | | | | | | N/A | | | | | | N/A | | |
Michael F. Jackson | | | | | 385,000 | | | | | | 350,000 | | | | | | 9.1% | | |
| Name | | | 2023 Base Salary ($) | | | 2022 Base Salary ($) | | | % Change | | |||||||||
| John Morris | | | | | 500,000 | | | | | | 500,000 | | | | | | 0% | | |
| Timothy J. Murphy | | | | | 400,000 | | | | | | 385,000 | | | | | | 3.9% | | |
| Tyler B. Dempsey | | | | | 385,000 | | | | | | 374,500 | | | | | | 2.8% | | |
| David Guthrie | | | | | 400,000 | | | | | | 350,000 | | | | | | 14.3% | | |
| Jacob H. Moore | | | | | 360,000 | | | | | | 220,420 | | | | | | 63.3% | | |
| Performance Objective: | | | Adjusted EBITDA | | | Consumer Payments Business Unit Gross Profit | | | Individual Performance | | |||
| Weighting among performance objectives (except for Mr. Moore) | | | 75% | | | 0% | | | | | 25% | | |
| Weighting among performance objectives (for Mr. Moore) | | | 35% | | | 40% | | | | | 25% | | |
| Threshold | | | $113.0 million | | | $160.0 million | | | | | 50% | | |
| Target | | | $130.0 million | | | $184.0 million | | | | | 100% | | |
| Maximum | | | $148.0 million | | | $210.0 million | | | | | 200% | | |
Name | | | Objective Category — Description | | | Weighting | | | Achievement | | ||||||
John Morris | | | Business Units — Client and prospect meetings | | | | | 25% | | | | | | 100% | | |
| Strategic Planning — Business intelligence initiative and segment reporting | | | | | 15% | | | | | | 75% | | | ||
| Product — Evaluation of new payment modalities and sponsor bank relationships | | | | | 5% | | | | | | 100% | | | ||
| People/Talent — Executive succession planning and other hiring initiatives | | | | | 15% | | | | | | 100% | | | ||
| Investor Relations — Investor conferences, top shareholder meetings and related items | | | | | 20% | | | | | | 100% | | | ||
| Board Relations — Individual board member meetings | | | | | 20% | | | | | | 100% | | | ||
Timothy J. Murphy | | | Corporate Development and Strategy — Capital allocation and capital structure evaluation | | | | | 20% | | | | | | 100% | | |
| Investor Relations — Investor conferences and related items | | | | | 25% | | | | | | 100% | | | ||
| Accounting — Segment reporting, accounts payable automation and accounting systems integration | | | | | 25% | | | | | | 90% | | | ||
| FP&A and Revenue Accounting — Data automation initiative | | | | | 20% | | | | | | 100% | | | ||
| People/Talent — Hiring initiatives | | | | | 10% | | | | | | 100% | | | ||
Tyler B. Dempsey | | | Outside Counsel — Legal spend management | | | | | 25% | | | | | | 100% | | |
| Legal Department — Headcount management | | | | | 25% | | | | | | 100% | | | ||
| Client Contracting — Development of new client contracting approach. | | | | | 25% | | | | | | 100% | | | ||
| Privacy — State law data privacy compliance program updates | | | | | 15% | | | | | | 100% | | | ||
| Vendor & Contract Management — New solution rollout | | | | | 10% | | | | | | 90% | | | ||
David Guthrie | | | Product & Engineering — Implementation of various product, platform and integration enhancements and upgrades | | | | | 30% | | | | | | 100% | | |
| Security — Multi-factor authentication implementation and data retention updates | | | | | 20% | | | | | | 100% | | | ||
| Data — Various initiatives relating to finance automation, data governance and data quality initiatives | | | | | 20% | | | | | | 100% | | | ||
| Budget — Engagement of procurement resource and technology expense management | | | | | 10% | | | | | | 100% | | | ||
| People — Hiring initiatives | | | | | 20% | | | | | | 100% | | | ||
Jacob H. Moore | | | Strategic Planning — Various initiatives relating to go-to-market strategy | | | | | 25% | | | | | | 100% | | |
| Client Relationship Management — Top client meetings | | | | | 15% | | | | | | 100% | | | ||
| Operational Performance — Implementations department restructuring | | | | | 15% | | | | | | 100% | | | ||
| New Client Development — New large client prospect efforts | | | | | 15% | | | | | | 100% | | | ||
| New Product Sales — Mortgage vertical sales and integration initiatives | | | | | 15% | | | | | | 80% | | | ||
| Acquisition Integration — Payix integration workstreams | | | | | 15% | | | | | | 90% | | |
Performance Objective: | | | Adjusted EBITDA | | | Individual Performance | |
Weighting among performance objectives: | | | 75% | | | 25% | |
Threshold | | | $128.0 million | | | 50% | |
Target | | | $134.0 million | | | 100% | |
Maximum | | | $141.6 million | | | 200% | |
% Achieved for 2022: | | | 0% | | | See above | |
Name | | | Target Bonus Opportunity ($) | | | % of Base Salary | | | Actual 2022 AIP Cash Bonus Awards ($) | | |||||||||
John Morris | | | | | 475,833 | | | | | | 100% | | | | | | 113,010 | | |
Shaler Alias | | | | | 166,238 | | | | | | 50% | | | | | | 41,559 | | |
Timothy J. Murphy | | | | | 276,032 | | | | | | 75% | | | | | | 65,558 | | |
Tyler B. Dempsey | | | | | 185,208 | | | | | | 50% | | | | | | 46,302 | | |
David Guthrie | | | | | 165,801 | | | | | | 50% | | | | | | 41,450 | | |
| Name | | | Target Bonus Opportunity ($)* | | | Total Payout % | | | Actual 2023 AIP Cash Bonus Awards ($) | | |||||||||
| John Morris | | | | | 500,000 | | | | | | 91.6% | | | | | | 457,875 | | |
| Timothy J. Murphy | | | | | 298,125 | | | | | | 91.9% | | | | | | 273,902 | | |
| Tyler B. Dempsey | | | | | 191,265 | | | | | | 92.3% | | | | | | 176,774 | | |
| David Guthrie | | | | | 279,167 | | | | | | 92.5% | | | | | | 258,229 | | |
| Jacob H. Moore | | | | | 270,000 | | | | | | 99.1% | | | | | | 267,543 | | |
| | Repay TSR Performance | | | | Percent of Target Award Earned | | |
| | 75th percentile or higher | | | | 200% | | |
| | 50th percentile | | | | 100% | | |
| | 25th percentile | | | | 50% | | |
| | Below 25th percentile | | | | 0% | | |
Name | | | Time-Based Restricted Stock | | | Performance- Based Restricted Stock Units | | ||||||
John Morris | | | | | 164,375 | | | | | | 164,375 | | |
Shaler Alias | | | | | 28,959 | | | | | | 28,959 | | |
Timothy J. Murphy | | | | | 47,400 | | | | | | 47,399 | | |
Tyler B. Dempsey | | | | | 25,702 | | | | | | 25,702 | | |
David Guthrie | | | | | 24,213 | | | | | | 24,213 | | |
Michael F. Jackson | | | | | 28,512 | | | | | | 28,511 | | |
| Name | | | Time-Based Restricted Stock | | | Performance- Based Restricted Stock Units | | ||||||
| John Morris | | | | | 530,179 | | | | | | 530,179 | | |
| Timothy J. Murphy | | | | | 129,364 | | | | | | 129,363 | | |
| Tyler B. Dempsey | | | | | 77,488 | | | | | | 77,487 | | |
| David Guthrie | | | | | 89,723 | | | | | | 89,722 | | |
| Jacob H. Moore | | | | | 81,566 | | | | | | 81,566 | | |
| | | 1/1/2021 – 12/31/2023 | | |
| |||||
Performance Period Elapsed | | | 100% | | |
| Repay TSR | | | | |
| Repay Rank | | | | |
| Peer Count | | | | |
| Repay Percentile | | | | |
| Current Payout | | | 0% | |
| Stock Price Hurdle | | | Required Stock Price Growth(1) | | | PSO Vesting (% of # options) | | ||||||
| $10.00 | | | | | 63% | | | | | | 31% | | |
| $14.50 | | | | | 137% | | | | | | 32% | | |
| $19.54 | | | | | 219% | | | | | | 37% | | |
Name and principal position | | Year | | Salary ($)(1) | | Bonus ($) | | Stock awards ($)(2) | | Non-equity incentive plan compensation ($)(3) | | All other compensation ($)(4) | | Total ($) | | | Year | | Salary ($)(1) | | Bonus ($) | | Stock awards ($)(2) | | Option Awards ($)(3) | | Non-equity incentive plan compensation ($)(4) | | All other compensation ($)(5) | | Total ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
John Morris Chief Executive Officer | | | | | 2022 | | | | | 475,833 | | | | | — | | | | | 5,499,988 | | | | | 113,010 | | | | | 12,200 | | | | | 6,101,031 | | | | | | | 2023 | | | | | 500,000 | | | | | — | | | | | 7,952,685 | | | | | — | | | | | 457,875 | | | | | 12,020 | | | | | 8,922,581 | | | |||||||||||||
| | | 2021 | | | | | 355,000 | | | | | — | | | | | 4,749,989 | | | | | 310,614 | | | | | 10,502 | | | | | 5,426,105 | | | | | | 2022 | | | | | 475,833 | | | | | — | | | | | 5,499,988 | | | | | — | | | | | 113,010 | | | | | 12,200 | | | | | 6,101,031 | | | ||||||||||||||||
| | | 2020 | | | | | 355,000 | | | | | — | | | | | 3,906,234 | | | | | 144,219 | | | | | 14,200 | | | | | 4,419,653 | | | | | | 2021 | | | | | 355,000 | | | �� | | | — | | | | | 4,749,989 | | | | | — | | | | | 310,614 | | | | | 10,502 | | | | | 5,426,105 | | | |||||||||||||||
Shaler Alias President | | | | | 2022 | | | | | 332,475 | | | | | — | | | | | 963,901 | | | | | 41,559 | | | | | 12,200 | | | | | 1,350,136 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2021 | | | | | 314,150 | | | | | — | | | | | 903,984 | | | | | 274,873 | | | | | 11,400 | | | | | 1,504,407 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2020 | | | | | 314,150 | | | | | — | | | | | 794,484 | | | | | 127,623 | | | | | 11,400 | | | | | 1,247,657 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tim Murphy Chief Financial Officer | | | | | 2022 | | | | | 368,042 | | | | | — | | | | | 1,585,987 | | | | | 65,558 | | | | | 12,200 | | | | | 2,031,787 | | | | | | | 2023 | | | | | 397,500 | | | | | — | | | | | 1,940,451 | | | | | 749,997 | | | | | 273,902 | | | | | 11,233 | | | | | 3,373,083 | | | |||||||||||||
| | | 2021 | | | | | 283,250 | | | | | — | | | | | 1,590,304 | | | | | 371,753 | | | | | 18,234 | | | | | 2,263,541 | | | | | | 2022 | | | | | 368,042 | | | | | — | | | | | 1,585,987 | | | | | — | | | | | 65,558 | | | | | 12,200 | | | | | 2,031,787 | | | ||||||||||||||||
| | | 2020 | | | | | 283,250 | | | | | — | | | | | 1,260,999 | | | | | 172,605 | | | | | 11,330 | | | | | 1,728,184 | | | | | | 2021 | | | | | 283,250 | | | | | — | | | | | 1,590,304 | | | | | — | | | | | 371,753 | | | | | 18,234 | | | | | 2,263,541 | | | ||||||||||||||||
Tyler Dempsey General Counsel | | | | | 2022 | | | | | 370,417 | | | | | — | | | | | 859,989 | | | | | 46,302 | | | | | 9,363 | | | | | 1,286,070 | | | | | | | 2023 | | | | | 383,250 | | | | | — | | | | | 1,162,311 | | | | | 499,994 | | | | | 176,774 | | | | | 13,200 | | | | | 2,235,530 | | | |||||||||||||
| | | 2021 | | | | | 350,000 | | | | | — | | | | | 844,989 | | | | | 306,239 | | | | | 11,400 | | | | | 1,512,628 | | | | | | 2022 | | | | | 370,417 | | | | | — | | | | | 859,989 | | | | | — | | | | | 46,302 | | | | | 9,363 | | | | | 1,286,070 | | | ||||||||||||||||
| | | 2020 | | | | | 350,000 | | | | | — | | | | | 844,163 | | | | | 142,187 | | | | | 4,667 | | | | | 1,341,017 | | | | | | 2021 | | | | | 350,000 | | | | | — | | | | | 844,989 | | | | | — | | | | | 306,239 | | | | | 11,400 | | | | | 1,512,628 | | | ||||||||||||||||
David Guthrie Chief Technology Officer | | | | 2022 | | | | | 331,603 | | | | | | | | | | 810,167 | | | | | 41,450 | | | | | — | | | | | 1,183,220 | | | | | | | 2023 | | | | | 391,667 | | | | | — | | | | | 1,345,836 | | | | | 749,997 | | | | | 258,229 | | | | | 9,119 | | | | | 2,754,847 | | | ||||||||||||||
Michael F. Jackson (5) Former Chief Operating Officer | | | | | 2022 | | | | | 342,888 | | | | | — | | | | | 953,995 | | | | | — | | | | | 16,025 | | | | | 1,312,908 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2021 | | | | | 333,210 | | | | | — | | | | | 699,977 | | | | | 356,239 | | | | | 11,545 | | | | | 1,400,972 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2020 | | | | | 249,260 | | | | | | | | | | 651,603 | | | | | 251,261 | | | | | 13,970 | | | | | 1,166,094 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
David Guthrie Chief Technology Officer | | | | | 2022 | | | | | 331,603 | | | | | — | | | | | 810,167 | | | | | — | | | | | 41,450 | | | | | — | | | | | 1,183,220 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2023 | | | | | 389,616 | | | | | — | | | | | 1,223,490 | | | | | 499,994 | | | | | 267,543 | | | | | 8,240 | | | | | 2,388,884 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Jacob H. Moore Executive Vice President, Consumer Payments | | | | | 2022 | | | | | 218,017 | | | | | — | | | | | 479,984 | | | | | — | | | | | 135,574 | | | | | 12,200 | | | | | 845,775 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2021 | | | | | 206,000 | | | | | — | | | | | 479,983 | | | | | — | | | | | 780,246 | | | | | 28,901 | | | | | 1,495,130 | | |
| | | | | | | | | Estimated Future Payouts Under Non-Equity Incentive Plan Award(2) | | | Estimated Future Payouts Under Equity Incentive Plan Award(3) | | | All Other Stock Awards: Number of Shares of Stock or Units (#)(4) | | | Grant Date Fair Value of Stock and Option Awards ($)(5) | | ||||||||||||||||||||||||||||||||||||
Name(1) | | | Grant Date | | | Threshold ($) | | | Target ($) | | | Maximum ($) | | | Threshold (#) | | | Target (#) | | | Maximum (#) | | |||||||||||||||||||||||||||||||||
John Morris PSU RSA AIP | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||
| | | 2/23/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | 82,188 | | | | | | 164,375 | | | | | | 328,750 | | | | | | — | | | | | | 2,749,994 | | | ||
| | | 2/23/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 164,375 | | | | | | 2,749,994 | | | ||
| | | 2/23/2022 | | | | | | 237,797 | | | | | | 475,833 | | | | | | 951,666 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
Shaler Alias PSU PSU RSA RSA AIP | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||
| | | 2/23/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | 13,882 | | | | | | 27,764 | | | | | | 55,528 | | | | | | — | | | | | | 464,492 | | | ||
| | | 4/13/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | 598 | | | | | | 1,195 | | | | | | 2,390 | | | | | | — | | | | | | 17,459 | | | ||
| | | 2/23/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 27,764 | | | | | | 464,492 | | | ||
| | | 4/13/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,195 | | | | | | 17,459 | | | ||
| | | 2/23/2022 | | | | | | 83,119 | | | | | | 166,238 | | | | | | 332,475 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
Tim Murphy PSU RSA AIP | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||
| | | 2/23/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | 23,700 | | | | | | 47,399 | | | | | | 94,798 | | | | | | — | | | | | | 792,985 | | | ||
| | | 2/23/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 47,400 | | | | | | 793,002 | | | ||
| | | 2/23/2022 | | | | | | 138,016 | | | | | | 276,032 | | | | | | 552,063 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
Tyler Dempsey PSU RSA AIP | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||
| | | 2/23/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | 12,851 | | | | | | 25,702 | | | | | | 51,404 | | | | | | — | | | | | | 429,994 | | | ||
| | | 2/23/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 25,702 | | | | | | 429,994 | | | ||
| | | 2/23/2022 | | | | | | 92,604 | | | | | | 185,208 | | | | | | 370,417 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
David Guthrie PSU RSA AIP | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||
| | | 2/23/2022 | | | | | | | | | | | | | | | | | | | | | | | | 12,107 | | | | | | 24,213 | | | | | | 48,426 | | | | | | | | | | | | 307,747 | | | ||
| | | 2/23/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 24,213 | | | | | | 307,747 | | | ||
| | | 2/23/2022 | | | | | | 82,901 | | | | | | 165,801 | | | | | | 331,602 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
Michael F. Jackson PSU RSA AIP | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||
| | | 2/23/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | 14,256 | | | | | | 28,511 | | | | | | 57,022 | | | | | | — | | | | | | 476,989 | | | ||
| | | 2/23/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 28,512 | | | | | | 477,006 | | | ||
| | | 2/23/2022 | | | | | | 87,500 | | | | | | 175,000 | | | | | | 350,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | Estimated Future Payouts Under Non-Equity Incentive Plan Award(2) | | | Estimated Future Payouts Under Equity Incentive Plan Award(3) | | | All Other Stock Awards: Number of Shares of Stock or Units (#)(4) | | | All Other Option Awards: Number of Securities Underlying Options (#)(5) | | | Exercise Price of Options Awards ($/sh) | | | Grant Date Fair Value of Stock and Option Awards ($)(6) | | ||||||||||||||||||||||||||||||||||||||||||
Name(1) | | | Grant Date | | | Threshold ($) | | | Target ($) | | | Maximum ($) | | | Threshold (#) | | | Target (#) | | | Maximum (#) | | |||||||||||||||||||||||||||||||||||||||||||||
John Morris | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
PSU | | | | | 3/19/2023 | | | | | | | | | | | | | | | | | | | | | | | | 265,090 | | | | | | 530,179 | | | | | | 1,060,358 | | | | | | | | | | | | | | | | | | | | | | | | 4,702,688 | | |
RSA | | | | | 3/19/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 530,179 | | | | | | | | | | | | | | | | | | 3,249,997 | | |
AIP | | | | | 3/19/2023 | | | | | | 250,000 | | | | | | 500,000 | | | | | | 1,000,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Tim Murphy | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
PSU | | | | | 3/19/2023 | | | | | | | | | | | | | | | | | | | | | | | | 64,682 | | | | | | 129,363 | | | | | | 258,726 | | | | | | | | | | | | | | | | | | | | | | | | 1,147,450 | | |
RSA | | | | | 3/19/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 129,364 | | | | | | | | | | | | | | | | | | 793,001 | | |
AIP | | | | | 3/19/2023 | | | | | | 149,063 | | | | | | 298,125 | | | | | | 596,250 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
PSO | | | | | 3/19/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 287,207 | | | | | | 6.13 | | | | | | 749,997 | | |
Tyler Dempsey | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
PSU | | | | | 3/19/2023 | | | | | | | | | | | | | | | | | | | | | | | | 38,744 | | | | | | 77,487 | | | | | | 154,974 | | | | | | | | | | | | | | | | | | | | | | | | 687,310 | | |
RSA | | | | | 3/19/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 77,488 | | | | | | | | | | | | | | | | | | 475,001 | | |
AIP | | | | | 3/19/2023 | | | | | | 95,813 | | | | | | 191,625 | | | | | | 383,250 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
PSO | | | | | 3/19/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 191,470 | | | | | | 6.13 | | | | | | 499,994 | | |
David Guthrie | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
PSU | | | | | 3/19/2023 | | | | | | | | | | | | | | | | | | | | | | | | 44,861 | | | | | | 89,722 | | | | | | 179,444 | | | | | | | | | | | | | | | | | | | | | | | | 795,834 | | |
RSA | | | | | 3/19/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 89,723 | | | | | | | | | | | | | | | | | | 550,002 | | |
AIP | | | | | 3/19/2023 | | | | | | 146,875 | | | | | | 293,750 | | | | | | 587,500 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
PSO | | | | | 3/19/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 287,207 | | | | | | 6.13 | | | | | | 749,997 | | |
Jacob H. Moore | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
PSU | | | | | 3/19/2023 | | | | | | | | | | | | | | | | | | | | | | | | 40,783 | | | | | | 81,566 | | | | | | 163,132 | | | | | | | | | | | | | | | | | | | | | | | | 723,490 | | |
RSA | | | | | 3/19/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 81,566 | | | | | | | | | | | | | | | | | | 500,000 | | |
AIP | | | | | 3/19/2023 | | | | | | 135,000 | | | | | | 270,000 | | | | | | 540,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
PSO | | | | | 3/19/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 191,470 | | | | | | 6.13 | | | | | | 499,994 | | |
| | | | | | | | | Stock Awards | | |||||||||||||||||||||
Name | | | Grant Date | | | Number of shares or units of stock that have not vested (#)(1) | | | Market value of shares or units of stock that have not vested ($)(2) | | | Equity incentive plan awards: Number of unearned shares, units or other rights that have not vested (#) | | | Equity incentive plan awards: Market or payout value of unearned shares, units or other rights that have not vested ($)(2) | | |||||||||||||||
John Morris | | | | | 7/11/2019 | | | | | | 53,425 | | | | | | 430,071 | | | | | | — | | | | | | — | | |
| | | 3/11/2020 | | | | | | 56,319 | | | | | | 453,368 | | | | | | — | | | | | | — | | | ||
| | | 2/24/2021 | | | | | | 77,988 | | | | | | 627,803 | | | | | | — | | | | | | — | | | ||
| | | 2/23/2022 | | | | | | 164,375 | | | | | | 1,323,219 | | | | | | — | | | | | | — | | | ||
| | | 3/11/2020 | | | | | | | | | | | | | | | | | | 56,318(3) | | | | | | 453,360 | | | ||
| | | 2/4/2021 | | | | | | | | | | | | | | | | | | 51,992(4) | | | | | | 418,536 | | | ||
| | | 2/23/2022 | | | | | | | | | | | | | | | | | | 82,188(5) | | | | | | 661,609 | | | ||
Shaler Alias | | | | | 7/11/2019 | | | | | | 21,370 | | | | | | 172,029 | | | | | | — | | | | | | — | | |
| | | 3/11/2020 | | | | | | 11,455 | | | | | | 92,213 | | | | | | — | | | | | | — | | | ||
| | | 2/24/2021 | | | | | | 14,843 | | | | | | 119,486 | | | | | | — | | | | | | — | | | ||
| | | 2/23/2022 | | | | | | 27,764 | | | | | | 223,500 | | | | | | — | | | | | | — | | | ||
| | | 4/13/2022 | | | | | | 1,195 | | | | | | 9,620 | | | | | | — | | | | | | — | | | ||
| | | 3/11/2020 | | | | | | | | | | | | | | | | | | 11,455(3) | | | | | | 92,209 | | | ||
| | | 2/4/2021 | | | | | | | | | | | | | | | | | | 9,895(4) | | | | | | 79,651 | | | ||
| | | 2/23/2022 | | | | | | | | | | | | | | | | | | 13,882(5) | | | | | | 111,750 | | | ||
| | | 4/13/2022 | | | | | | | | | | | | | | | | | | 598(5) | | | | | | 4,810 | | |
| | | | | | | | | Option Awards | | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||||
Name | | | Grant Date | | | Number of securities underlying unexercised options (#) exercisable | | | Number of securities underlying unexercised options (#) unexercisable(1) | | | Equity incentive plan awards: number of securities underlying unexercised unearned options (#) | | | Option exercise price ($) | | | 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 ($)(3) | | | Equity incentive plan awards: Number of unearned shares, units or other rights that have not vested (#) | | | Equity incentive plan awards: Market or payout value of unearned shares, units or other rights that have not vested ($)(3)(4) | | ||||||||||||||||||||||||
John Morris | | | | | 3/11/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 28,160 | | | | | | 240,486 | | | | | | | | | | | | | | |
| | | 2/24/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 51,992 | | | | | | 444,012 | | | | | | | | | | | | | | | ||
| | | 2/23/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 123,282 | | | | | | 1,052,828 | | | | | | | | | | | | | | | ||
| | | 3/19/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 530,179 | | | | | | 4,527,729 | | | | | | | | | | | | | | | ||
| | | 2/24/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 51,992(4) | | | | | | 444,012 | | | ||
| | | 2/23/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 164,375(5) | | | | | | 1,403,763 | | | ||
| | | 3/19/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,060,358(6) | | | | | | 9,055,457 | | | ||
Tim Murphy | | | | | 3/11/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 9,091 | | | | | | 77,637 | | | | | | | | | | | | | | |
| | | 2/24/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 17,407 | | | | | | 148,656 | | | | | | | | | | | | | | | ||
| | | 2/23/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 35,550 | | | | | | 303,597 | | | | | | | | | | | | | | | ||
| | | 3/19/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 129,364 | | | | | | 1,104,769 | | | | | | | | | | | | | | | ||
| | | 2/24/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 17,407(4) | | | | | | 148,656 | | | ||
| | | 2/23/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 47,399(5) | | | | | | 404,787 | | | ||
| | | 3/19/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 258,726(6) | | | | | | 2,209,520 | | | ||
| | | 3/19/2023 | | | | | | | | | | | | 287,207 | | | | | | 6.13 | | | | | | 3/18/2030 | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | Stock Awards | | | | | | | | Option Awards | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Name | | Grant Date | | Number of shares or units of stock that have not vested (#)(1) | | Market value of shares or units of stock that have not vested ($)(2) | | Equity incentive plan awards: Number of unearned shares, units or other rights that have not vested (#) | | Equity incentive plan awards: Market or payout value of unearned shares, units or other rights that have not vested ($)(2) | | | Grant Date | | Number of securities underlying unexercised options (#) exercisable | | Number of securities underlying unexercised options (#) unexercisable(1) | | Equity incentive plan awards: number of securities underlying unexercised unearned options (#) | | 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) | | Equity incentive plan awards: Number of unearned shares, units or other rights that have not vested (#) | | Equity incentive plan awards: Market or payout value of unearned shares, units or other rights that have not vested ($)(3)(4) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tim Murphy | | | | | 7/11/2019 | | | | | 32,055 | | | | | 258,043 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 3/11/2020 | | | | | 18,181 | | | | | 146,357 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2/24/2021 | | | | | 26,111 | | | | | 210,194 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2/23/2022 | | | | | 47,400 | | | | | 381,570 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 3/11/2020 | | | | | | | | | | | | | | | 18,181(3) | | | | | 146,353 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2/4/2021 | | | | | | | | | | | | | | | 17,407(4) | | | | | 140,126 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2/23/2022 | | | | | | | | | | | | | | | 23,700(5) | | | | | 190,781 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tyler Dempsey | | | | | 3/11/2020 | | | | | | | | | | | | | | | | | | | | | | | | 6,086 | | | | | 51,974 | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||
| | | | 9/3/2019 | | | | | 24,041 | | | | | 193,530 | | | | | — | | | | | — | | | | | | 2/24/2021 | | | | | | | | | | | | | | | | | | | | | | | | 9,249 | | | | | 78,986 | | | | | | | | | | | | | |||||||||||||||
| | | 3/11/2020 | | | | | 12,171 | | | | | 97,977 | | | | | — | | | | | — | | | | | | 2/23/2022 | | | | | | | | | | | | | | | | | | | | | | | | 19,277 | | | | | 164,626 | | | | | | | | | | | | | ||||||||||||||||
| | | 2/24/2021 | | | | | 13,874 | | | | | 111,686 | | | | | — | | | | | — | | | | | | 3/19/2023 | | | | | | | | | | | | | | | | | | | | | | | | 77,488 | | | | | 661,748 | | | | | | | | | | | | | ||||||||||||||||
| | | 2/23/2022 | | | | | 25,702 | | | | | 206,901 | | | | | — | | | | | — | | | | | | 2/24/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 9,249(4) | | | | | 78,986 | | | ||||||||||||||||
| | | 3/11/2020 | | | | | | | | | | | | | | | 12,171(3) | | | | | 97,973 | | | | | | 2/23/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 25,702(5) | | | | | 219,495 | | | ||||||||||||||||
| | | 2/4/2021 | | | | | | | | | | | | | | | 9,249(4) | | | | | 74,454 | | | | | | 3/19/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 154,974(6) | | | | | 1,323,478 | | | ||||||||||||||||
| | | 2/23/2022 | | | | | | | | | | | | | | | 12,851(5) | | | | | 103,451 | | | | | | 3/19/2023 | | | | | | | | | 191,470 | | | | | 6.13 | | | | | 3/18/2030 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||
David Guthrie | | | | | 2/23/2022 | | | | | 24,213 | | | | | 194,915 | | | | | — | | | | | — | | | | | | | 2/23/2022 | | | | | | | | | | | | | | | | | | | | | | | | 18,160 | | | | | 155,086 | | | | | | | | | | | | | |||||||||||||
| | | 2/23/2022 | | | | | | | | | | | | | | | 12,107(5) | | | | | 97,457 | | | | | | 3/19/2023 | | | | | | | | | | | | | | | | | | | | | | | | 89,723 | | | | | 766,234 | | | | | | | | | | | | | ||||||||||||||||
Michael F. Jackson | | | | | 3/11/2020 | | | | | | | | | | | | | | | 9,395(3) | | | | | 75,626 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2/4/2021 | | | | | | | | | | | | | | | 7,662(4) | | | | | 61,675 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2/23/2022 | | | | | | | | | | | | | | | 11,391(5) | | | | | 91,698 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
David Guthrie | | | | | 2/23/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 24,213(5) | | | | | 206,779 | | | ||||||||||||||||||||||||||||||||||||||||
| | | 3/19/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 179,444(6) | | | | | 1,532,452 | | | ||||||||||||||||||||||||||||||||||||||||||
| | | 3/19/2023 | | | | | | | | | 287,207 | | | | | 6.13 | | | | | 3/18/2030 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||
| | | 3/11/2020 | | | | | | | | | | | | | | | | | | | | | | | | 2,487 | | | | | 21,239 | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||
| | | 2/24/2021 | | | | | | | | | | | | | | | | | | | | | | | | 5,254 | | | | | 44,869 | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||
Jacob H. Moore | | | | | 2/23/2022 | | | | | | | | | | | | | | | | | | | | | | | | 10,759 | | | | | 91,882 | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||
| | | 3/19/2023 | | | | | | | | | | | | | | | | | | | | | | | | 81,566 | | | | | 696,574 | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||
| | | 2/24/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 5,254(4) | | | | | 44,865 | | | ||||||||||||||||||||||||||||||||||||||||||
| | | 2/23/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 14,345(5) | | | | | 122,506 | | | ||||||||||||||||||||||||||||||||||||||||||
| | | 3/19/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 163,132(6) | | | | | 1,393,147 | | | ||||||||||||||||||||||||||||||||||||||||||
| | | 3/19/2023 | | | | | | | | | 191,470 | | | | | 6.13 | | | | | 3/18/2030 | | | | | | | | | | | | | | | | | | | | | | |
| | | Stock Awards | | |||||||||
Name | | | Number of Shares Acquired on Vesting (#) | | | Value Realized on Vesting ($)(1) | | ||||||
John Morris | | | | | 155,534 | | | | | | 2,043,009 | | |
Shaler Alias | | | | | 55,976 | | | | | | 711,009 | | |
Tim Murphy | | | | | 84,467 | | | | | | 1,078,391 | | |
Tyler Dempsey | | | | | 52,422 | | | | | | 700,029 | | |
David Guthrie | | | | | 0 | | | | | | 0 | | |
Michael F. Jackson(2) | | | | | 100,251 | | | | | | 1,052,349 | | |
| | | | Stock Awards | | |||||||||
| Name | | | Number of Shares Acquired on Vesting (#) | | | Value Realized on Vesting ($)(1) | | ||||||
| John Morris | | | | | 148,673 | | | | | | 1,182,814 | | |
| Tim Murphy | | | | | 61,699 | | | | | | 484,495 | | |
| Tyler Dempsey | | | | | 41,176 | | | | | | 327,723 | | |
| David Guthrie | | | | | 6,053 | | | | | | 52,903 | | |
| Jacob H. Moore | | | | | 30,070 | | | | | | 238,188 | | |
Name | | Payment and/or Benefit | | Termination for Cause ($) | | Voluntary Termination ($) | | Termination Without Cause or for Good Reason or Non- Renewal ($) | | Termination Without Cause or for Good Reason or Non- Renewal Upon Change in Control ($)(1) | | Incapacity | | Death | | | Payment and/or Benefit | | Termination for Cause ($) | | Voluntary Termination ($) | | Termination Without Cause or for Good Reason or Non- Renewal ($) | | Termination Without Cause or for Good Reason or Non- Renewal Upon Change in Control ($)(1) | | Incapacity | | Death | | ||||||||||||||||||||||||||||||||||||||||||||||||||
John Morris | | | Base Salary | | | | — | | | | | — | | | | | 750,000 | | | | | 1,250,000 | | | | | — | | | | | — | | | | | Base Salary | | | | — | | | | | — | | | | | 750,000 | | | | | 1,250,000 | | | | | — | | | | | — | | | ||||||||||||
| Annual Bonus(2) | | | | 113,010 | | | | | 113,010 | | | | | 863,010 | | | | | 1,363,010 | | | | | 113,010 | | | | | 113,010 | | | | Annual Bonus(2) | | | | 457,875 | | | | | 457,875 | | | | | 1,207,875 | | | | | 1,707,875 | | | | | 457,875 | | | | | 457,875 | | | |||||||||||||||
| Acceleration of Time-Based Equity Awards | | | | — | | | | | — | | | | | 1,963,580 | | | | | 2,503,655 | | | | | 2,834,461 | | | | | 2,834,461 | | | | Acceleration of Time-Based Restricted Stock Awards | | | | — | | | | | — | | | | | 3,650,244 | | | | | 6,265,055 | | | | | 6,265,055 | | | | | 6,265,055 | | | |||||||||||||||
| Acceleration of Performance-Based Equity Awards(3) | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | Acceleration of Performance- Based Restricted Stock Unit Awards(3) | | | | — | | | | | — | | | | | 4,616,372 | | | | | 5,398,499 | | | | | 3,846,997 | | | | | 3,846,997 | | | |||||||||||||||
Shaler Alias | | | Base Salary | | | | — | | | | | — | | | | | 504,212 | | | | | 840,353 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||
| Annual Bonus(2) | | | | 41,559 | | | | | 41,559 | | | | | 293,665 | | | | | 461,736 | | | | | 41,559 | | | | | 41,559 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| Acceleration of Time-Based Equity Awards | | | | — | | | | | — | | | | | 460,452 | | | | | 558,565 | | | | | 616,847 | | | | | 616,847 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| Acceleration of Performance-Based Equity Awards(3) | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||
John Morris | | | Acceleration of Performance- Based Stock Option Awards | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||
| Base Salary | | | | — | | | | | — | | | | | 600,000 | | | | | 1,000,000 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| | Base Salary | | | | — | | | | | — | | | | | 577,500 | | | | | 962,500 | | | | | — | | | | | — | | | | Annual Bonus(2) | | | | 273,902 | | | | | 273,902 | | | | | 723,902 | | | | | 1,023,902 | | | | | 273,902 | | | | | 273,902 | | | ||||||||||||||
| Annual Bonus(2) | | | | 65,558 | | | | | 65,558 | | | | | 498,683 | | | | | 787,433 | | | | | 65,558 | | | | | 65,558 | | | | Acceleration of Time-Based Restricted Stock Awards | | | | — | | | | | — | | | | | 981,075 | | | | | 1,634,658 | | | | | 1,634,658 | | | | | 1,634,658 | | | |||||||||||||||
| Acceleration of Time-Based Equity Awards | | | | — | | | | | — | | | | | 735,311 | | | | | 900,771 | | | | | 996,163 | | | | | 996,163 | | | | Acceleration of Performance- Based Restricted Stock Unit Awards(3) | | | | — | | | | | — | | | | | 1,159,393 | | | | | 1,350,231 | | | | | 971,666 | | | | | 971,666 | | | |||||||||||||||
Tim Murphy | | Acceleration of Performance-Based Equity Awards(3) | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | Acceleration of Performance- Based Stock Option Awards | | | | — | | | | | — | | | | | — | | | | | 692,169 | | | | | — | | | | | — | | | |||||||||||||
| | Base Salary | | | | — | | | | | — | | | | | 561,750 | | | | | 936,250 | | | | | — | | | | | — | | | | Base Salary | | | | — | | | | | — | | | | | 577,500 | | | | | 962,500 | | | | | — | | | | | — | | | ||||||||||||||
| Annual Bonus(2) | | | | 46,302 | | | | | 46,302 | | | | | 327,177 | | | | | 514,427 | | | | | 46,302 | | | | | 46,302 | | | | Annual Bonus(2) | | | | 176,774 | | | | | 176,774 | | | | | 465,524 | | | | | 658,024 | | | | | 176,774 | | | | | 176,774 | | | |||||||||||||||
| Acceleration of Time-Based Equity Awards | | | | — | | | | | — | | | | | 469,412 | | | | | 558,364 | | | | | 610,093 | | | | | 610,093 | | | | Acceleration of Time-Based Restricted Stock Awards | | | | — | | | | | — | | | | | 571,582 | | | | | 957,334 | | | | | 957,334 | | | | | 957,334 | | | |||||||||||||||
Tyler Dempsey | | Acceleration of Performance-Based Equity Awards(3) | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | Acceleration of Performance- Based Restricted Stock Unit Awards(3) | | | | — | | | | | — | | | | | 682,290 | | | | | 796,600 | | | | | 569,844 | | | | | 569,844 | | | ||||||||||||||
| | Acceleration of Performance- Based Stock Option Awards | | | | — | | | | | — | | | | | — | | | | | 461,443 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Base Salary | | | | — | | | | | — | | | | | 525,000 | | | | | 875,000 | | | | | — | | | | | — | | | | Base Salary | | | | — | | | | | — | | | | | 600,000 | | | | | 1.000,000 | | | | | — | | | | | — | | | ||||||||||||||
| Annual Bonus(2) | | | | 41,450 | | | | | 41,450 | | | | | 303,950 | | | | | 478,950 | | | | | 41,450 | | | | | 41,450 | | | | Annual Bonus(2) | | | | 258,229 | | | | | 258,229 | | | | | 708,229 | | | | | 1,008,229 | | | | | 258,229 | | | | | 258,229 | | | |||||||||||||||
David Guthrie | | Acceleration of Time-Based Equity Awards | | | | — | | | | | — | | | | | 97,453 | | | | | 146,180 | | | | | 194,915 | | | | | 194,915 | | | | Acceleration of Time-Based Restricted Stock Awards | | | | — | | | | | — | | | | | 486,498 | | | | | 921,321 | | | | | 921,321 | | | | | 921,321 | | | ||||||||||||||
| Acceleration of Performance-Based Equity Awards(3) | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | Acceleration of Performance- Based Restricted Stock Unit Awards(3) | | | | — | | | | | — | | | | | 764,914 | | | | | 897,273 | | | | | 634,713 | | | | | 634,713 | | | |||||||||||||||
| | Acceleration of Performance- Based Stock Option Awards | | | | — | | | | | — | | | | | — | | | | | 692,169 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||
| Base Salary | | | | — | | | | | — | | | | | 540,000 | | | | | 900,000 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||
Jacob H. Moore | | Annual Bonus(2) | | | | 267,543 | | | | | 267,543 | | | | | 672,543 | | | | | 942,543 | | | | | 267,543 | | | | | 267,543 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| Acceleration of Time-Based Restricted Stock Awards | | | | — | | | | | | | | | | 475,635 | | | | | 854,564 | | | | | 854,564 | | | | | 854,564 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| Acceleration of Performance- Based Restricted Stock Unit Awards(3) | | | | — | | | | | — | | | | | 660,679 | | | | | 781,006 | | | | | 542,313 | | | | | 542,313 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| | Acceleration of Performance- Based Stock Option Awards | | | | — | | | | | — | | | | | — | | | | | 461,443 | | | | | — | | | | | — | | |
| | ||||
| | ||||
| |||||
Total Stockholder Return | |
Year (a) | | | Summary Compensation Table Total to CEO (b) | | | Compensation Actually Paid to CEO(1) (c) | | | Average Summary Compensation Table Total for Non-CEO NEOs(2) (d) | | | Average Compensation Actually Paid to Non-CEO NEOs(2) (e) | | | Value of Initial Fixed $100 Investment Based On: | | | Net Income (in thousands)(5) (h) | | | Adjusted EBITDA (in thousands)(6) (i) | | |||||||||||||||||||||||||||
| Company TSR(3) (f) | | | Peer Group TSR(4) (g) | | ||||||||||||||||||||||||||||||||||||||||||||
2022 | | | | $ | 6,101,031 | | | | | $ | (1,912,798) | | | | | $ | 1,432,824 | | | | | $ | (866,781) | | | | | $ | 54.95 | | | | | $ | 134.82 | | | | | $ | 8,741 | | | | | $ | 124,649 | | |
2021 | | | | $ | 5,426,150 | | | | | $ | 1,231,283 | | | | | $ | 1,693,926 | | | | | $ | 476,057 | | | | | $ | 124.71 | | | | | $ | 189.64 | | | | | $ | (56,037) | | | | | $ | 93,200 | | |
2020 | | | | $ | 4,419,635 | | | | | $ | 10,971,802 | | | | | $ | 1,370,738 | | | | | $ | 3,709,423 | | | | | $ | 186.01 | | | | | $ | 142.21 | | | | | $ | (117,366) | | | | | $ | 59,551 | | |
| Year (a) | | | Summary Compensation Table Total to CEO (b) | | | Compensation Actually Paid to CEO(1) (c) | | | Average Summary Compensation Table Total for Non-CEO NEOs(2) (d) | | | Average Compensation Actually Paid to Non-CEO NEOs(2) (e) | | | Value of Initial Fixed $100 Investment Based On: | | | Net Income (in thousands)(5) (h) | | | Adjusted EBITDA (in thousands)(6) (i) | | |||||||||||||||||||||||||||
| Company TSR(3) (f) | | | Peer Group TSR(4) (g) | | |||||||||||||||||||||||||||||||||||||||||||||
| 2023 | | | | $ | 8,922,581 | | | | | $ | 10,501,439 | | | | | $ | 2,688,086 | | | | | $ | 4,041,336 | | | | | $ | 58.29 | | | | | $ | 210.85 | | | | | $ | (117,420) | | | | | $ | 126,806 | | |
| 2022 | | | | $ | 6,101,031 | | | | | $ | (1,912,798) | | | | | $ | 1,432,824 | | | | | $ | (866,781) | | | | | $ | 54.95 | | | | | $ | 134.82 | | | | | $ | 8,741 | | | | | $ | 124,519 | | |
| 2021 | | | | $ | 5,426,105 | | | | | $ | 1,231,283 | | | | | $ | 1,693,926 | | | | | $ | 467,057 | | | | | $ | 124.71 | | | | | $ | 189.64 | | | | | $ | (56,037) | | | | | $ | 93,120 | | |
| 2020 | | | | $ | 4,419,653 | | | | | $ | 10,971,802 | | | | | $ | 1,370,738 | | | | | $ | 3,709,423 | | | | | $ | 186.01 | | | | | $ | 142.21 | | | | | $ | (117,366) | | | | | $ | 59,551 | | |
Year | | | SCT Total | | | Deductions from SCT Total (i) | | | Additions to SCT Total (ii) | | | CAP | | ||||||||||||
2022 | | | | $ | 6,101,031 | | | | | -$ | 5,499,988 | | | | | +$ | (2,513,842) | | | | | $ | (1,912,798) | | |
2021 | | | | $ | 5,426,150 | | | | | -$ | 4,749,989 | | | | | +$ | 555,167 | | | | | $ | 1,231,283 | | |
2020 | | | | $ | 4,419,635 | | | | | -$ | 3,906,234 | | | | | +$ | 10,458,383 | | | | | $ | 10,971,802 | | |
| Year | | | SCT Total | | | Deductions from SCT Total (i) | | | Additions to SCT Total (ii) | | | CAP | | ||||||||||||
| 2023 | | | | $ | 8,922,581 | | | | | -$ | 7,952,685 | | | | | +$ | 9,531,543 | | | | | $ | 10,501,439 | | |
| 2022 | | | | $ | 6,101,031 | | | | | -$ | 5,499,988 | | | | | +$ | (2,513,842) | | | | | $ | (1,912,798) | | |
| 2021 | | | | $ | 5,426,105 | | | | | -$ | 4,749,989 | | | | | +$ | 555,167 | | | | | $ | 1,231,283 | | |
| 2020 | | | | $ | 4,419,653 | | | | | -$ | 3,906,234 | | | | | +$ | 10,458,383 | | | | | $ | 10,971,802 | | |
Year | | | Fair Value of Equity Awards Granted in the Year and Outstanding and Unvested as of Year End | | | Year over Year Change in Fair Value of Equity Awards Granted in Prior Years and Outstanding and Unvested as of Year End | | | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year | | | Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year | | | Fair Value at the End of the Prior Year of Equity Awards that were Forfeited in the Year | | | Value of Dividends or other Earnings Paid on Equity Awards not Otherwise Reflected in Fair Value or Total Compensation | | | Total Equity Award Adjustments | | |||||||||||||||||||||
2022 | | | | $ | 2,646,438 | | | | | $ | (4,334,653) | | | | | $ | 0 | | | | | $ | (825,626) | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | (2,513,842) | | |
2021 | | | | $ | 3,903,559 | | | | | $ | (2,884,097) | | | | | $ | 0 | | | | | $ | (464,295) | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 555,167 | | |
2020 | | | | $ | 6,127,426 | | | | | $ | 2,966,889 | | | | | $ | 0 | | | | | $ | 1,364,068 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 10,458,383 | | |
| Year | | | Fair Value of Equity Awards Granted in the Year and Outstanding and Unvested as of Year End | | | Year over Year Change in Fair Value of Equity Awards Granted in Prior Years and Outstanding and Unvested as of Year End | | | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year | | | Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year | | | Fair Value at the End of the Prior Year of Equity Awards that were Forfeited in the Year | | | Value of Dividends or other Earnings Paid on Equity Awards not Otherwise Reflected in Fair Value or Total Compensation | | | Total Equity Award Adjustments | | |||||||||||||||||||||
| 2023 | | | | $ | 11,510,186 | | | | | $ | (1,057,920) | | | | | $ | 0 | | | | | $ | (14,004) | | | | | $ | 906,720 | | | | | $ | 0 | | | | | $ | 9,531,543 | | |
| 2022 | | | | $ | 2,646,438 | | | | | $ | (4,334,653) | | | | | $ | 0 | | | | | $ | (825,626) | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | (2,513,842) | | |
| 2021 | | | | $ | 3,903,559 | | | | | $ | (2,884,097) | | | | | $ | 0 | | | | | $ | (464,295) | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 555,167 | | |
| 2020 | | | | $ | 6,127,426 | | | | | $ | 2,966,889 | | | | | $ | 0 | | | | | $ | 1,364,068 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 10,458,383 | | |
Year | | | SCT Total | | | Deductions from SCT Total (i) | | | Additions to SCT Total (ii) | | | CAP | | ||||||||||||
2022 | | | | $ | 1,432,824 | | | | | -$ | 1,034,808 | | | | | +$ | (1,264,797) | | | | | $ | (866,781) | | |
2021 | | | | $ | 1,693,926 | | | | | -$ | 954,815 | | | | | +$ | (272,054) | | | | | $ | 467,057 | | |
2020 | | | | $ | 1,370,738 | | | | | -$ | 887,812 | | | | | +$ | 3,226,498 | | | | | $ | 3,709,423 | | |
| Year | | | SCT Total | | | Deductions from SCT Total (i) | | | Additions to SCT Total (ii) | | | CAP | | ||||||||||||
| 2023 | | | | $ | 2,688,086 | | | | | -$ | 1,418,022 | | | | | +$ | 2,771,272 | | | | | $ | 4,041,336 | | |
| 2022 | | | | $ | 1,432,824 | | | | | -$ | 1,034,808 | | | | | +$ | (1,264,797) | | | | | $ | (866,781) | | |
| 2021 | | | | $ | 1,693,926 | | | | | -$ | 954,815 | | | | | +$ | (272,054) | | | | | $ | 467,057 | | |
| 2020 | | | | $ | 1,370,738 | | | | | -$ | 887,812 | | | | | +$ | 3,226,498 | | | | | $ | 3,709,423 | | |
Year | | | Fair Value of Equity Awards Granted in the Year and Outstanding and Unvested as of Year End | | | Year over Year Change in Fair Value of Equity Awards Granted in Prior Years and Outstanding and Unvested as of Year End | | | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year | | | Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year | | | Fair Value at the End of the Prior Year of Equity Awards that were Forfeited in the Year | | | Value of Dividends or other Earnings Paid on Equity Awards not Otherwise Reflected in Fair Value or Total Compensation | | | Total Equity Award Adjustments | | |||||||||||||||||||||
2022 | | | | $ | 443,280 | | | | | $ | (977,999) | | | | | $ | 118,182 | | | | | $ | (401,234) | | | | | $ | 447,026 | | | | | $ | 0 | | | | | $ | (1,264,797) | | |
2021 | | | | $ | 784,670 | | | | | $ | (881,485) | | | | | $ | 0 | | | | | $ | (175,239) | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | (272,054) | | |
2020 | | | | $ | 1,392,647 | | | | | $ | 1,277,679 | | | | | $ | 0 | | | | | $ | 556,172 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 3,226,498 | | |
| Year | | | Fair Value of Equity Awards Granted in the Year and Outstanding and Unvested as of Year End | | | Year over Year Change in Fair Value of Equity Awards Granted in Prior Years and Outstanding and Unvested as of Year End | | | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year | | | Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year | | | Fair Value at the End of the Prior Year of Equity Awards that were Forfeited in the Year | | | Value of Dividends or other Earnings Paid on Equity Awards not Otherwise Reflected in Fair Value or Total Compensation | | | Total Equity Award Adjustments | | |||||||||||||||||||||
| 2023 | | | | $ | 3,083,899 | | | | | $ | (166,538) | | | | | $ | 0 | | | | | $ | (3,906) | | | | | $ | 142,183 | | | | | $ | 0 | | | | | $ | 2,771,272 | | |
| 2022 | | | | $ | 443,280 | | | | | $ | (977,999) | | | | | $ | 118,182 | | | | | $ | (401,234) | | | | | $ | 447,026 | | | | | $ | 0 | | | | | $ | (1,264,797) | | |
| 2021 | | | | $ | 784,670 | | | | | $ | (881,485) | | | | | $ | 0 | | | | | $ | (175,239) | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | (272,054) | | |
| 2020 | | | | $ | 1,392,647 | | | | | $ | 1,277,679 | | | | | $ | 0 | | | | | $ | 556,172 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 3,226,498 | | |
Name | | | Fees Earned or Paid in Cash ($) | | | Stock Awards ($)(1) (2) | | | Total ($) | | |||||||||
Peter Kight | | | | | 75,000 | | | | | | 249,989 | | | | | | 324,989 | | |
Paul Garcia | | | | | 52,500 | | | | | | 169,996 | | | | | | 222,496 | | |
Maryann Goebel | | | | | 50,000 | | | | | | 169,996 | | | | | | 219,996 | | |
Robert Hartheimer | | | | | 60,000 | | | | | | 169,996 | | | | | | 229,996 | | |
William Jacobs | | | | | 60,000 | | | | | | 169,996 | | | | | | 229,996 | | |
Richard Thornburgh | | | | | 50,000 | | | | | | 169,996 | | | | | | 219,996 | | |
Emnet Rios | | | | | 52,500 | | | | | | 339,980 | | | | | | 392,480 | | |
| Name(1) | | | Fees Earned or Paid in Cash ($) | | | Stock Awards ($)(2)(3) | | | Total ($) | | |||||||||
| Peter Kight | | | | | 75,000 | | | | | | 249,999 | | | | | | 324,999 | | |
| Paul Garcia | | | | | 52,500 | | | | | | 169,993 | | | | | | 222,493 | | |
| Maryann Goebel | | | | | 50,000 | | | | | | 169,993 | | | | | | 219,993 | | |
| Robert Hartheimer | | | | | 60,000 | | | | | | 169,993 | | | | | | 229,993 | | |
| William Jacobs | | | | | 60,000 | | | | | | 169,993 | | | | | | 229,993 | | |
| Richard Thornburgh | | | | | 50,000 | | | | | | 169,993 | | | | | | 219,993 | | |
| Emnet Rios | | | | | 52,500 | | | | | | 169,993 | | | | | | 222,493 | | |
Name | | | Class A common stock(1) | | | % of Class(2) | | | Company Voting Power %(3)(4) | | |||||||||
Directors and Named Executive Officers: | | | | | | | | | | | | | | | | | | | |
John Morris(5) | | | | | 5,331,182 | | | | | | 5.5% | | | | | | 5.3% | | |
Shaler Alias(6) | | | | | 3,386,500 | | | | | | 3.5% | | | | | | 3.4% | | |
Timothy Murphy(7) | | | | | 649,650 | | | | | | * | | | | | | * | | |
Tyler B. Dempsey(8) | | | | | 263,216 | | | | | | * | | | | | | * | | |
David Guthrie(8) | | | | | 112,789 | | | | | | * | | | | | | * | | |
Michael F. Jackson(10) | | | | | 169,576 | | | | | | * | | | | | | * | | |
Paul R. Garcia(11) | | | | | 106,190 | | | | | | * | | | | | | * | | |
Maryann Goebel(11) | | | | | 40,390 | | | | | | * | | | | | | * | | |
Robert H. Hartheimer(11) | | | | | 57,264 | | | | | | * | | | | | | * | | |
William Jacobs(11) | | | | | 245,592 | | | | | | * | | | | | | * | | |
Peter J. Kight(11) | | | | | 1,560,559 | | | | | | 1.7% | | | | | | 1.6% | | |
Emnet Rios(11) | | | | | 22,637 | | | | | | * | | | | | | * | | |
Richard E. Thornburgh(11) | | | | | 61,490 | | | | | | * | | | | | | * | | |
All Directors and Executive Officers as a Group (15 persons)(11) | | | | | 12,500,255 | | | | | | 12.5% | | | | | | 12.4% | | |
5% Stockholders | | | | | | | | | | | | | | | | | | | |
Beckham Parent, L.P.(12) | | | | | 8,907,540 | | | | | | 9.6% | | | | | | 8.9% | | |
FMR LLC(13) | | | | | 7,847,717 | | | | | | 8.5% | | | | | | 7.8% | | |
BlackRock, Inc.(14) | | | | | 7,648,389 | | | | | | 8.3% | | | | | | 7.6% | | |
The Vanguard Group(15) | | | | | 4,911,615 | | | | | | 5.3% | | | | | | 4.9% | | |
| Name | | | Class A common stock(1) | | | % of Class(2) | | | Company Voting Power %(3)(4) | | |||||||||
| Directors and Named Executive Officers: | | | | | | | | | | | | | | | | | | | |
| John Morris(5) | | | | | 5,706,024 | | | | | | 5.7% | | | | | | 5.6% | | |
| Shaler Alias(6) | | | | | 1,434,000 | | | | | | 1.5% | | | | | | 1.4% | | |
| Timothy Murphy(7) | | | | | 558,924 | | | | | | * | | | | | | * | | |
| Tyler B. Dempsey(8) | | | | | 259,721 | | | | | | * | | | | | | * | | |
| David Guthrie(8) | | | | | 179,906 | | | | | | * | | | | | | * | | |
| Jacob H. Moore(10) | | | | | 450,762 | | | | | | * | | | | | | * | | |
| Paul R. Garcia(11) | | | | | 129,131 | | | | | | * | | | | | | * | | |
| Maryann Goebel(11) | | | | | 63,331 | | | | | | * | | | | | | * | | |
| Robert H. Hartheimer(11) | | | | | 63,331 | | | | | | * | | | | | | * | | |
| William Jacobs(11) | | | | | 268,533 | | | | | | * | | | | | | * | | |
| Peter J. Kight(11) | | | | | 1,594,297 | | | | | | 1.7% | | | | | | 1.5% | | |
| Emnet Rios(11) | | | | | 45,578 | | | | | | * | | | | | | * | | |
| Richard E. Thornburgh(11) | | | | | 84,431 | | | | | | * | | | | | | * | | |
| All Directors and Executive Officers as a Group (15 persons)(11) | | | | | 11,117,538 | | | | | | 11.0% | | | | | | 10.6% | | |
| 5% Stockholders | | | | | | | | | | | | | | | | | | | |
| Beckham Parent, L.P.(12) | | | | | 8,907,540 | | | | | | 9.3% | | | | | | 8.8% | | |
| BlackRock, Inc.(13) | | | | | 8,421,675 | | | | | | 8.8% | | | | | | 8.3% | | |
| Royce & Associates, LP(14) | | | | | 4,964,487 | | | | | | 5.2% | | | | | | 4.9% | | |
Name | | | Class V common stock / Post- Merger Repay Units(3) | | | % of ownership of Hawk Parent, LLC | | ||||||
Directors and Named Executive Officers: | | | | | | | | | | | | | |
John Morris | | | | | 3,658,529 | | | | | | 46.5% | | |
Shaler Alias | | | | | 2,878,072 | | | | | | 36.6% | | |
Timothy Murphy | | | | | — | | | | | | — | | |
Tyler B. Dempsey | | | | | — | | | | | | — | | |
David Guthrie | | | | | — | | | | | | — | | |
Michael F. Jackson | | | | | — | | | | | | — | | |
Paul R. Garcia | | | | | — | | | | | | — | | |
Maryann Goebel | | | | | — | | | | | | — | | |
Robert H. Hartheimer | | | | | — | | | | | | — | | |
William Jacobs | | | | | 205,202 | | | | | | 2.6% | | |
Peter J. Kight | | | | | — | | | | | | — | | |
Emnet Rios | | | | | — | | | | | | — | | |
Richard E. Thornburgh | | | | | — | | | | | | — | | |
All Directors and Executive Officers as a Group (15 persons) | | | | | 6,847,816 | | | | | | 87.1% | | |
| Name | | | Class V common stock / Post- Merger Repay Units(3) | | | % of ownership of Hawk Parent, LLC | | ||||||
| Directors and Named Executive Officers: | | | | | | | | | | | | | |
| John Morris | | | | | 3,658,529 | | | | | | 62.6% | | |
| Shaler Alias | | | | | 878,072 | | | | | | 15.0% | | |
| Timothy Murphy | | | | | — | | | | | | — | | |
| Tyler B. Dempsey | | | | | — | | | | | | — | | |
| David Guthrie | | | | | — | | | | | | — | | |
| Jacob H. Moore | | | | | 106,013 | | | | | | 1.8% | | |
| Paul R. Garcia | | | | | — | | | | | | — | | |
| Maryann Goebel | | | | | — | | | | | | — | | |
| Robert H. Hartheimer | | | | | — | | | | | | — | | |
| William Jacobs | | | | | 205,202 | | | | | | 3.5% | | |
| Peter J. Kight | | | | | — | | | | | | — | | |
| Emnet Rios | | | | | — | | | | | | — | | |
| Richard E. Thornburgh | | | | | — | | | | | | — | | |
| All Directors and Executive Officers as a Group (15 persons) | | | | | 4,847,816 | | | | | | 83.0% | | |
| | | 2022 | | | 2021 | | ||||||
Audit Fees(1) | | | | $ | 1,717,035 | | | | | $ | 950,000 | | |
Audit-Related Fees(2) | | | | | — | | | | | | 53,750 | | |
Tax Fees(3) | | | | | — | | | | | | — | | |
All Other Fees(4) | | | | | — | | | | | | 75,000 | | |
Total | | | | $ | 1,717,035 | | | | | $ | 1,078,750 | | |
| | | | 2023 | | | 2022 | | ||||||
| Audit Fees(1) | | | | $ | 1,774,690 | | | | | $ | 1,717,035 | | |
| Audit-Related Fees(2) | | | | | — | | | | | | — | | |
| Tax Fees(3) | | | | | — | | | | | | — | | |
| All Other Fees(4) | | | | | — | | | | | | — | | |
| Total | | | | $ | 1,774,690 | | | | | $ | 1,717,035 | | |
| | | | As of April 1, 2024 | | |||
| Shares of unvested Time-Based Restricted Stock Awards (RSAs) | | | | | 4,417,951 | | |
| Unvested Performance-Based Restricted Stock Units (PSUs) | | | | | 1,482,791 | | |
| Unvested Restricted Stock Units (RSUs) | | | | | 171,384 | | |
| Unvested Performance-Based Stock Options (PSOs) | | | | | 1,148,822 | | |
| Weighted Average Remaining Term of PSOs | | | 5.96 years | | |||
| Weighted Average Exercise Price of PSOs | | | | $ | 6.13 | | |
| Shares of Class A Common Stock Available for Awards | | | | | 2,062,519(1) | | |
| | | | As of April 1, 2024 | | |||
| Total number of shares of Class A common stock outstanding | | | | | 91,493,792(1) | | |
| Total number of Post-Merger Repay Units outstanding | | | | | 5,844,095 | | |
| | | | | Fiscal Year 2023 | | | Fiscal Year 2022 | | | Fiscal Year 2021 | | | |||||||||
| | PSOs Granted | | | | | 1,148,822 | | | | | | — | | | | | | — | | | |
| | RSAs/RSUs Granted | | | | | 2,898,860 | | | | | | 1,446,454 | | | | | | 722,170 | | | |
| | PSUs Granted | | | | | 1,102,497 | | | | | | 390,227 | | | | | | 272,117 | | | |
| | PSUs Vested/Earned | | | | | — | | | | | | — | | | | | | — | | | |
| | Total Shares Subject to Awards Granted | | | | | 5,150,179 | | | | | | 1,836,681 | | | | | | 994,287 | | | |
| | Weighted Average Number of Shares of Class A Common Stock Outstanding(1) | | | | | 96,850,559 | | | | | | 96,684,629 | | | | | | 91,264,512 | | | |
| | Burn Rate(2) | | | | | 5.3% | | | | | | 1.9% | | | | | | 1.1% | | | |
| | | | | | | | | | |||||||||||||
| | Three-Year Average Burn Rate | | | | | | | | | 2.8% | | | | | | | |
| Name and principal position | | | Dollar Value ($) | | | Number of Performance-Based Restricted Stock Units(1) | | ||||||
| John Morris Chief Executive Officer | | | | | 3,250,000 | | | | | | 380,562 | | |
| Tim Murphy Chief Financial Officer | | | | | 865,000 | | | | | | 101,288 | | |
| Tyler Dempsey General Counsel | | | | | 500,000 | | | | | | 58,548 | | |
| David Guthrie Chief Technology Officer | | | | | 589,500 | | | | | | 69,028 | | |
| Jacob H. Moore Executive Vice President | | | | | 550,000 | | | | | | 64,402 | | |
| Executive Group | | | | | 6,944,589 | | | | | | 813,182 | | |
| Non-Executive Group | | | | | 452,500 | | | | | | 52,985 | | |
| Plan Category | | | (a) Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights | | | (b) Weighted Average Exercise Price of Outstanding Options, Warrants and Rights | | | (c) Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (a)) | | |||||||||
| Equity Compensation Plans Approved by Shareholders(1) | | | | | 6,607,091(2) | | | | | $ | 6.13(3) | | | | | | 4,095,162(4) | | |
| Equity Compensation Plans Not Approved by Shareholders | | | | | — | | | | | | — | | | | | | — | | |
| Total: | | | | | 6,607,091 | | | | | | | | | | | | 4,095,162 | | |
| | | | FY 2023 YoY Change | | |||||||||||||||
| | | | Consumer Payments | | | Business Payments | | | Total Company | | |||||||||
| Gross profit growth | | | | | 11% | | | | | | (8)% | | | | | | 6% | | |
| Less: Growth from acquisitions and dispositions | | | | | (5)% | | | | | | n/a | | | | | | (4)% | | |
| Organic gross profit growth(a) | | | | | 16% | | | | | | (8)% | | | | | | 10% | | |
| Less: Growth from contributions related to political media | | | | | n/a | | | | | | (18)% | | | | | | (3)% | | |
| Normalized organic gross profit growth(b) | | | | | 16% | | | | | | 10% | | | | | | 13% | | |