| |
NOTICE OF 2024 ANNUAL MEETING OF SHAREHOLDERS
|
| |
| |
LOCATION DETAILS
|
| |
| |
TIME:
8:00 a.m. Eastern Time, on Thursday, May 9, 2024
|
| |
| |
PLACE:
Virtual meeting at www.virtualshareholdermeeting.com/VVX2024
|
| |
| |
ITEMS OF BUSINESS
|
| |
| |
ITEM 1
To elect four Class I Directors as members of the Board of Directors of V2X (the “Board of Directors” or the “Board”) for a three-year term, each as named in the accompanying Proxy Statement.
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| |
| |
ITEM 2
To ratify the appointment of RSM US LLP as the Company’s independent registered public accounting firm for 2024.
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| |
| |
ITEM 3
To approve, on an advisory basis, the compensation paid to our named executive officers, as described herein.
|
| |
| |
ITEM 4
To transact such other business as may properly come before the meeting or any adjournments, postponements or continuations of the meeting.
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| |
WHO CAN VOTE?
|
| |
| |
You can vote if you were a shareholder at the close of business on March 12, 2024, the record date for the 2024 Annual Meeting.
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| |
ANNUAL REPORT TO SHAREHOLDERS AND ANNUAL REPORT ON FORM 10-K
|
| |
| |
Our Annual Report to Shareholders, which includes the 2023 Annual Report on Form 10-K (the “2023 Annual Report”), is being furnished along with this Proxy Statement to shareholders of record.
|
| |
| |
MAILING OR AVAILABILITY DATE
|
| |
| |
Beginning on or about March 20, 2024, this Notice of the 2024 Annual Meeting, the 2024 Proxy Statement, and the 2023 Annual Report are being mailed or made available, as the case may be, to shareholders of record on March 12, 2024.
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| |
| |
ABOUT PROXY VOTING
|
| |
| |
Your vote is important. Proxy voting permits shareholders unable to attend the 2024 Annual Meeting to vote their shares through a proxy. By appointing a proxy, your shares will be represented and voted in accordance with your instructions. If you do not provide instructions on how to vote, the proxies will vote as recommended by the Board of Directors. Most shareholders will not receive paper copies of our proxy materials and can vote their shares by following the Internet voting instructions provided on the Notice of Internet Availability. If you are a registered owner and requested a paper copy of the proxy materials, you can vote your shares by completing and returning your proxy card or by following the Internet or telephone voting instructions provided on the proxy card. Beneficial owners who received or requested a paper copy of the proxy materials can vote their shares by completing and returning their voting instruction form or by following the Internet or telephone voting instructions provided on the voting instruction form. You can change or revoke your proxy at any time prior to the 2024 Annual Meeting by following the instructions on page 6 of this Proxy Statement and on the proxy card.
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DATE
|
| |
May 9, 2024
|
| |
CORPORATE WEBSITE
|
| |
https://www.gov2x.com
|
|
|
TIME
|
| |
8:00 a.m. Eastern Time
|
| |
INVESTOR RELATIONS WEBSITE
|
| |
https://investors.gov2x.com/overview/
|
|
|
LOCATION
|
| |
Virtual at:
www.virtualshareholdermeeting.com/VVX2024 |
| |
ANNUAL REPORT ON FORM 10-K
|
| |
https://investors.gov2x.com/financials/sec-filings/
|
|
|
RECORD DATE
|
| |
March 12, 2024
|
| |
CODE OF CONDUCT
|
| |
https://investors.gov2x.com/governance/governance-documents/
|
|
|
TRANSFER AGENT
|
| |
Computershare Trust Company, N.A.
|
| | | | | | |
|
CORPORATE HEADQUARTERS
|
| |
7901 Jones Branch Drive
Suite 700 McLean, Virginia 22102 |
| | | | | | |
|
2024 ANNUAL MEETING OF SHAREHOLDERS
|
| ||||
|
AGENDA ITEMS TO BE VOTED ON
|
| | |
MANAGEMENT RECOMMENDATION
|
|
|
ITEM 1. ELECTION OF DIRECTORS
|
| ||||
|
To elect Class I Directors:
−Dino M. Cusumano
−Lee E. Evangelakos
−Charles L. Prow
−Phillip C. Widman
|
| | |
FOR EACH CLASS I DIRECTOR NOMINEE
|
|
|
ITEM 2. RATIFICATION OF THE APPOINTMENT OF RSM US LLP AS INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM |
| ||||
|
To ratify the appointment of RSM US LLP as the Company’s independent registered public accounting firm for 2024.
|
| | |
FOR
|
|
|
ITEM 3. ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION
|
| ||||
|
To approve, on an advisory basis, the compensation of our named executive officers, as described in the 2024 Proxy Statement.
|
| | |
FOR
|
|
DIRECTORS STANDING
FOR ELECTION |
| | |
INDEPENDENT
|
| | |
COMMITTEE ASSIGNMENT(S)
|
|
Dino M. Cusumano
|
| | |
NO
|
| | |
N/A
|
|
Lee E. Evangelakos
|
| | |
NO
|
| | |
Member of the Nominating and Governance Committee
|
|
Charles L. Prow
|
| | |
NO
|
| | |
N/A
|
|
Phillip C. Widman
|
| | |
YES
|
| | |
Chair of the Compensation and Human Capital Committee and Member of the Audit Committee
|
|
NUMBER OF 2023 BOARD AND COMMITTEE MEETINGS
|
| ||||
Board
|
| | |
12
|
|
Audit Committee
|
| | |
8
|
|
Compensation and Human Capital Committee
|
| | |
9
|
|
Nominating and Governance Committee
|
| | |
6
|
|
Strategy Committee
|
| | |
4
|
|
2023 ANNUAL DIRECTOR COMPENSATION AND OWNERSHIP GUIDELINES
|
| ||||
Cash Retainer
|
| | |
$90,000
|
|
Restricted Stock Units
|
| | |
$150,000
|
|
Audit Committee Chair – Incremental Compensation
|
| | |
$20,000 Cash Retainer
|
|
Compensation and Human Capital Committee Chair – Incremental Compensation
|
| | |
$17,500 Cash Retainer
|
|
Nominating and Governance Committee Chair – Incremental
Compensation |
| | |
$15,000 Cash Retainer
|
|
Non-Executive Chairman – Incremental Compensation
|
| | |
$50,000 Cash Retainer and
$50,000 in Restricted Stock Unit |
|
Director Share Ownership Guidelines
|
| | |
5X the Annual Cash Retainer Amount
|
|
| |
KEY PRINCIPLES AND PRACTICES
|
| | |||
| |
![]() |
| |
Independent Chairman (“Non-Executive Chairman” or “Chairman”) of our Board of Directors (“Board” or “Board of Directors”).
|
| |
| |
![]() |
| |
Majority vote standard in uncontested elections.
|
| |
| |
![]() |
| |
Restriction on the number of boards of publicly-traded companies on which members of our Board (each a “Director”) may serve to avoid overboarding, including the number of boards on which a Director who is a chief executive officer may serve. See “Information About the Board of Directors and Other Matters — Corporate Governance Principles” below.
|
| |
| |
![]() |
| |
Annual evaluations of the Board and its standing committees (each a “Committee”).
|
| |
| |
![]() |
| |
Risk oversight by the Board and Audit Committee, and consideration by the Compensation and Human Capital Committee (the “Compensation Committee”) of enterprise risk factors in establishing executive compensation design and objectives.
|
| |
| |
![]() |
| |
Compensation substantially tied to performance.
|
| |
| |
![]() |
| |
No excessive perquisites.
|
| |
| |
![]() |
| |
No tax gross-ups on perquisites or in connection with a change in control. Tax protection may be provided for amounts associated with relocation.
|
| |
| |
![]() |
| |
Policy against hedging, pledging or speculating in Company stock.
|
| |
| |
![]() |
| |
Share ownership guidelines for Directors and officers.
|
| |
| |
![]() |
| |
Compensation “clawback” and “recoupment” policies.
|
| |
| |
![]() |
| |
No poison pill.
|
| |
| |
![]() |
| |
Regular executive sessions of the Board and each Committee without management present.
|
| |
| |
![]() |
| |
Board regularly reviews Board composition as well as Committee structure through its Nominating and Governance Committee. As part of this review, in 2023, the Board dissolved the Strategy Committee having found it more efficient to have the Board oversee the Company’s strategic planning.
|
| |
| |
![]() |
| |
Annual review by the Board of the Company’s Corporate Governance Principles (the “Corporate Governance Principles”) and by the Committees of their respective charters.
|
| |
| |
WE DO…
|
| | |||
| |
![]() |
| |
Use an independent compensation consultant.
|
| |
| |
![]() |
| |
Pay for performance.
|
| |
| |
![]() |
| |
Maintain meaningful stock ownership guidelines for Directors and officers.
|
| |
| |
![]() |
| |
Mitigate compensation risk through oversight by the Compensation Committee of the design and objectives of our executive compensation programs.
|
| |
| |
![]() |
| |
Maintain “double trigger” change in control provisions in our equity award agreements and our equity incentive plan that require both consummation of a change in control transaction and termination of employment for accelerated vesting.
|
| |
| |
![]() |
| |
Provide for a minimum vesting period of one year for employee equity grants, and generally provide in our employee award agreements for vesting in equal annual installments over a three-year period for our restricted stock units.
|
| |
| |
![]() |
| |
Enable the Board to seek recoupment of performance-based compensation, including cash and equity-based compensation, from an employee that has engaged in gross negligence, intentional misconduct, fraud, theft or embezzlement, and to seek clawback, from Section 16 Officers (defined below), of compensation in the event of a material accounting restatement of the Company’s financial results, irrespective of fraud or misconduct, pursuant to the policy.
|
| |
| |
WE DO NOT…
|
| | |||
| |
![]() |
| |
Reprice stock options.
|
| |
| |
![]() |
| |
Provide tax gross-ups for perquisites or in connection with a change in control; however, tax protection may be provided for costs associated with relocation.
|
| |
| |
![]() |
| |
Guarantee minimum bonus payments.
|
| |
| |
![]() |
| |
Provide for automatic base salary increases.
|
| |
| |
![]() |
| |
Have fixed-term employment arrangements with our named executive officers. All named executive officers are at-will employees.
|
| |
| |
![]() |
| |
Provide a traditional pension plan.
|
| |
|
![]() |
| |
![]() |
| |
![]() |
|
|
BY INTERNET
|
| |
BY TELEPHONE (FROM U.S.)
|
| |
BY MAIL
|
|
| |
Chief Executive Officer
|
| |
5 X Annual Base Salary
|
| |
| |
Chief Financial Officer
|
| |
3 X Annual Base Salary
|
| |
| |
Select Senior Vice Presidents
|
| |
2 X Annual Base Salary
|
| |
| |
Select Corporate Vice Presidents
|
| |
1 X Annual Base Salary
|
| |
| | | | | |
Amount and Nature of
Beneficial Ownership(1) |
| | |
Additional Economic
Ownership Information |
| | ||||||||||||||||
| |
Name and Address of Beneficial Owner
|
| | |
Shares
Owned(2) |
| | |
Right to
Acquire(3) |
| | |
Total Shares
Beneficially Owned |
| | |
Percent
Beneficially Owned |
| | |
Total
RSUs |
| | |
Total
Unvested Options |
| |
| |
5% Shareholders
|
| | ||||||||||||||||||||||||
| |
Vertex Aerospace Holdco LLC(4)
|
| | |
18,967,286
|
| | |
—
|
| | |
18,967,286
|
| | |
60.3%
|
| | |
—
|
| | |
—
|
| |
| |
FMR LLC(5)
|
| | |
2,508,334
|
| | |
—
|
| | |
2,508,334
|
| | |
8.0%
|
| | |
—
|
| | |
—
|
| |
| |
Directors, Director Nominees and Named Executive Officers(10)
|
| | ||||||||||||||||||||||||
| |
Mary L. Howell
|
| | |
31,635
|
| | |
4,675
|
| | |
36,310
|
| | |
*
|
| | |
4,675
|
| | |
—
|
| |
| |
Dino M. Cusumano(4)
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
*
|
| | |
—
|
| | |
—
|
| |
| |
Abbas O. Elegba
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
*
|
| | |
—
|
| | |
—
|
| |
| |
Lee E. Evangelakos
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
*
|
| | |
—
|
| | |
—
|
| |
| |
Melvin F. Parker
|
| | |
15,393
|
| | |
3,506
|
| | |
18,899
|
| | |
*
|
| | |
3,506
|
| | |
—
|
| |
| |
Eric M. Pillmore
|
| | |
34,885
|
| | |
3,506
|
| | |
38,391
|
| | |
*
|
| | |
3,506
|
| | |
—
|
| |
| |
Joel M. Rotroff
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
*
|
| | |
—
|
| | |
—
|
| |
| |
Neil D. Snyder
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
*
|
| | |
—
|
| | |
—
|
| |
| |
Stephen L. Waechter(6)
|
| | |
38,395
|
| | |
3,506
|
| | |
41,901
|
| | |
*
|
| | |
3,506
|
| | |
—
|
| |
| |
Phillip C. Widman(7)
|
| | |
36,395
|
| | |
3,506
|
| | |
39,901
|
| | |
*
|
| | |
3,506
|
| | |
—
|
| |
| |
Charles L. Prow(8)
|
| | |
97,629
|
| | |
21,898
|
| | |
119,527
|
| | |
*
|
| | |
84,574
|
| | |
—
|
| |
| |
Shawn M. Mural
|
| | |
500
|
| | |
—
|
| | |
500
|
| | |
*
|
| | |
26,328
|
| | |
—
|
| |
| |
Susan D. Lynch(9)
|
| | |
17,012
|
| | |
—
|
| | |
17,012
|
| | |
*
|
| | |
6,770
|
| | |
—
|
| |
| |
Susan L. Deagle(9)
|
| | |
18,522
|
| | |
5,618
|
| | |
24,140
|
| | |
*
|
| | |
—
|
| | |
—
|
| |
| |
Kenneth W. Shreves
|
| | |
11,846
|
| | |
—
|
| | |
11,846
|
| | |
*
|
| | |
15,772
|
| | |
—
|
| |
| |
William W. Beard(9)
|
| | |
71,939
|
| | |
—
|
| | |
71,939
|
| | |
*
|
| | |
—
|
| | |
—
|
| |
| |
All Directors, Director nominees and current executive officers as a group (17 persons)
|
| | |
307,433
|
| | |
40,597
|
| | |
348,030
|
| | |
1.1%
|
| | |
185,809
|
| | |
—
|
| |
| |
![]() |
| |
DINO M. CUSUMANO
|
| | |||
|
AGE
|
| |
49
|
| | ||||
|
DIRECTOR SINCE
|
| |
2022
|
| | ||||
| | | | |||||||
| |
COMMITTEE ASSIGNMENTS
|
| | ||||||
| |
None.
|
| | ||||||
| |
QUALIFICATIONS
|
| | ||||||
| |
Mr. Cusumano has extensive experience in the finance industry, and specifically in mergers and acquisitions and capital markets. Mr. Cusumano has also served as a director of other public companies.
|
| |
| |
![]() |
| |
LEE E. EVANGELAKOS
|
| | |||
|
AGE
|
| |
34
|
| | ||||
|
DIRECTOR SINCE
|
| |
2022
|
| | ||||
| | | | |||||||
| |
COMMITTEE ASSIGNMENTS
|
| | ||||||
| |
Nominating and Governance Committee, Member
|
| | ||||||
| |
QUALIFICATIONS
|
| | ||||||
| |
Ms. Evangelakos has extensive experience in finance, business and computer science.
|
| |
| |
![]() |
| |
CHARLES L. PROW
|
| | |||
|
AGE
|
| |
64
|
| | ||||
|
DIRECTOR SINCE
|
| |
2016
|
| | ||||
| | | | |||||||
| |
COMMITTEE ASSIGNMENTS
|
| | ||||||
| |
None.
|
| | ||||||
| |
QUALIFICATIONS
|
| | ||||||
| |
Mr. Prow has an extensive leadership experience in global government services organizations and expertise involving information technology and the development of complex strategic solutions for a wide range of government customers.
|
| |
| |
![]() |
| |
PHILLIP C. WIDMAN
|
| | |||
|
AGE
|
| |
69
|
| | ||||
|
DIRECTOR SINCE
|
| |
2014
|
| | ||||
| | | | |||||||
| |
COMMITTEE ASSIGNMENTS
|
| | ||||||
| |
Compensation and Human Capital Committee, Chair; Audit Committee, Member
|
| | ||||||
| |
QUALIFICATIONS
|
| | ||||||
| |
Mr. Widman has extensive experience in finance and management and has experience serving as a chief financial officer and senior executive of several companies. Mr. Widman has also served as a director of other public companies, including as chair of several audit committees.
|
| |
| |
![]() |
| |
MARY L. HOWELL
|
| | |||
|
AGE
|
| |
71
|
| | ||||
|
DIRECTOR SINCE
|
| |
2014
|
| | ||||
| | | | |||||||
| |
COMMITTEE ASSIGNMENTS
|
| | ||||||
| |
None.
|
| | ||||||
| |
QUALIFICATIONS
|
| | ||||||
| |
Ms. Howell has extensive leadership experience in business management and has also served as a director of other public companies in the aerospace and defense industry.
|
| |
| |
![]() |
| |
ERIC M. PILLMORE
|
| | |||
|
AGE
|
| |
70
|
| | ||||
|
DIRECTOR SINCE
|
| |
2014
|
| | ||||
| | | | |||||||
| |
COMMITTEE ASSIGNMENTS
|
| | ||||||
| |
Audit Committee, Member and Compensation and Human Capital Committee, Member
|
| | ||||||
| |
QUALIFICATIONS
|
| | ||||||
| |
Mr. Pillmore has extensive experience in corporate governance and finance, which includes advising boards of both private and public companies on corporate governance and serving as chief financial officer of several companies. Mr. Pillmore has served in the military.
|
| |
| |
![]() |
| |
JOEL M. ROTROFF
|
| | |||
|
AGE
|
| |
42
|
| | ||||
|
DIRECTOR SINCE
|
| |
2022
|
| | ||||
| | | | |||||||
| |
COMMITTEE ASSIGNMENTS
|
| | ||||||
| |
Compensation and Human Capital Committee, Member
|
| | ||||||
| |
QUALIFICATIONS
|
| | ||||||
| |
Mr. Rotroff has extensive experience in finance and business management and also serves as a director of several private companies, in addition to his public company board service.
|
| |
| |
![]() |
| |
NEIL D. SNYDER
|
| | |||
|
AGE
|
| |
51
|
| | ||||
|
DIRECTOR SINCE
|
| |
2022
|
| | ||||
| | | | |||||||
| |
COMMITTEE ASSIGNMENTS
|
| | ||||||
| |
Nominating and Governance Committee, Member; and Compensation and Human Capital Committee, Member
|
| | ||||||
| |
QUALIFICATIONS
|
| | ||||||
| |
Mr. Snyder has extensive experience in finance, strategy and business development, and has experience serving in executive positions at several companies.
|
| |
| |
![]() |
| |
ABBAS O. ELEGBA
|
| | |||
|
AGE
|
| |
44
|
| | ||||
|
DIRECTOR SINCE
|
| |
2023
|
| | ||||
| | | | |||||||
| |
COMMITTEE ASSIGNMENTS
|
| | ||||||
| |
None.
|
| | ||||||
| |
QUALIFICATIONS
|
| | ||||||
| |
Mr. Elegba has extensive experience in finance, business and capital markets and has served in the military.
|
| |
| |
![]() |
| |
MELVIN F. PARKER
|
| | |||
|
AGE
|
| |
56
|
| | ||||
|
DIRECTOR SINCE
|
| |
2014
|
| | ||||
| | | | |||||||
| |
COMMITTEE ASSIGNMENTS
|
| | ||||||
| |
Nominating and Governance Committee, Chair and Audit Committee, Member
|
| | ||||||
| |
QUALIFICATIONS
|
| | ||||||
| |
Mr. Parker has extensive experience in management and leadership as a senior executive for a number of public companies and has served in the military.
|
| |
| |
![]() |
| |
STEPHEN L. WAECHTER
|
| | |||
|
AGE
|
| |
73
|
| | ||||
|
DIRECTOR SINCE
|
| |
2014
|
| | ||||
| | | | |||||||
| |
COMMITTEE ASSIGNMENTS
|
| | ||||||
| |
Audit Committee, Chair; Nominating and Governance Committee, Member
|
| | ||||||
| |
QUALIFICATIONS
|
| | ||||||
| |
Mr. Waechter has extensive experience in finance, merger and acquisitions and leadership and has held executive positions at several government contractors and other public companies. Mr. Waechter has also served as a director of several private companies and as an audit committee chair of a public company.
|
| |
| |
Fiscal Year Ended December 31
|
| | ||||||||
| | | | | |
2023 ($)
|
| | |
2022 ($)
|
| |
| |
Audit Fees(1)
|
| | |
3,356,729
|
| | |
2,898,000
|
| |
| |
Audit-Related Fees(2)
|
| | |
—
|
| | |
—
|
| |
| |
Tax Fees(3)
|
| | |
7,720
|
| | |
280,875
|
| |
| |
All Other Fees(4)
|
| | |
—
|
| | |
—
|
| |
| |
Total
|
| | |
3,364,449
|
| | |
3,178,875
|
| |
| |
Plan Category
|
| | |
(a) Number of Securities
to be Issued Upon Exercise of Outstanding Options, Warrants and Rights (millions) |
| | |
(b) Weighted-Average
Exercise Price of Outstanding Options, Warrants and Rights ($) |
| | |
(c) Number of Securities
Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (a)) (millions) |
| |
| |
Equity Compensation Plans Approved by Security
Holders |
| | |
.04(1)
|
| | |
22.93(2)
|
| | |
.9(3)
|
| |
| |
Equity Compensation Plans Not Approved by Security Holders
|
| | |
—
|
| | |
—
|
| | |
—
|
| |
| |
Total
|
| | |
.04
|
| | |
22.93
|
| | |
.9
|
| |
| | |
|
DIRECTOR COMPENSATION TABLE
|
|
|
Name
|
| | |
Fees Earned or
Paid in Cash ($)(1) |
| | |
Stock Awards
($)(2) |
| | |
Total
($) |
|
|
Mary L. Howell(3)
|
| | |
139,548
|
| | |
199,997
|
| | |
339,545
|
|
|
Dino M. Cusumano(4)
|
| | |
N/A
|
| | |
N/A
|
| | |
N/A
|
|
|
Abbas O. Elegba(4)
|
| | |
N/A
|
| | |
N/A
|
| | |
N/A
|
|
|
Lee E. Evangelakos(4)
|
| | |
N/A
|
| | |
N/A
|
| | |
N/A
|
|
|
Melvin F. Parker(5)
|
| | |
104,548
|
| | |
149,987
|
| | |
254,535
|
|
|
Eric M. Pillmore
|
| | |
89,548
|
| | |
149,987
|
| | |
239,535
|
|
|
Joel M. Rotroff(4)
|
| | |
N/A
|
| | |
N/A
|
| | |
N/A
|
|
|
Neil D. Snyder(4)
|
| | |
N/A
|
| | |
N/A
|
| | |
N/A
|
|
|
Stephen L. Waechter(6)
|
| | |
109,548
|
| | |
149,987
|
| | |
259,535
|
|
|
Phillip C. Widman(7)
|
| | |
107,048
|
| | |
149,987
|
| | |
257,035
|
|
|
John “Ed” Boyington, Jr.(8)
|
| | |
27,247
|
| | |
—
|
| | |
27,247
|
|
| | |
|
RESTRICTED STOCK UNIT AWARDS OUTSTANDING AT 2023 FISCAL YEAR-END
|
|
|
Name
|
| | |
Restricted Stock Unit Awards
|
|
|
Mary L. Howell
|
| | |
4,675
|
|
|
Dino M. Cusumano(1)
|
| | |
N/A
|
|
|
Abbas Elegba(1)
|
| | |
N/A
|
|
|
Lee E. Evangelakos(1)
|
| | |
N/A
|
|
|
Melvin F. Parker
|
| | |
3,506
|
|
|
Eric M. Pillmore
|
| | |
3,506
|
|
|
Joel M. Rotroff(1)
|
| | |
N/A
|
|
|
Neil D. Snyder(1)
|
| | |
N/A
|
|
|
Stephen L. Waechter
|
| | |
3,506
|
|
|
Phillip C. Widman
|
| | |
3,506
|
|
|
John “Ed” Boyington, Jr.(2)
|
| | |
N/A
|
|
| |
DIRECTOR
|
| | |
AUDIT
|
| | |
COMPENSATION AND
HUMAN CAPITAL |
| | |
NOMINATING AND
GOVERNANCE |
| | |||||||||
| |
Mary L. Howell
|
| | | | | | | | | | | | | | | | | | | | | | |
| |
Dino M. Cusumano
|
| | | | | | | | | | | | | | | | | | | | | | |
| |
Abbas O. Elegba
|
| | | | | | | | | | | | | | | | | | | | | | |
| |
Lee E. Evangelakos
|
| | | | | | | | | | | | | | | | | | | ● | | | |
| |
Melvin F. Parker
|
| | | | | ● | | | | | | | | | | | | | | ●* | | | |
| |
Eric M. Pillmore
|
| | | | | ● | | | | | | | ● | | | | | | | | | | |
| |
Charles L. Prow
|
| | | | | | | | | | | | | | | | | | | | | | |
| |
Joel M. Rotroff
|
| | | | | | | | | | | | ● | | | | | | | | | | |
| |
Neil D. Snyder
|
| | | | | | | | | | | | ● | | | | | | | ● | | | |
| |
Stephen L. Waechter
|
| | | | | ●* | | | | | | | | | | | | | | ● | | | |
| |
Phillip C. Widman
|
| | | | | ● | | | | | | | ●* | | | | | | | | | | |
| |
KEY GOVERNANCE POLICIES AND PRACTICES RELATED TO COMPENSATION:
|
| |
| |
WE DO:
|
| |
| |
•
Use an independent Compensation Consultant selected and hired by the Compensation Committee.
|
| |
| |
•
Pay for both corporate and individual performance.
|
| |
| |
•
Mitigate compensation risk through oversight by the Compensation Committee of the design and objectives of our executive compensation programs.
|
| |
| |
•
Utilize equity award agreements that require both consummation of a change in control transaction and termination of employment for accelerated vesting (“double trigger”).
|
| |
| |
•
Conduct an annual say-on-pay vote.
|
| |
| |
•
Have compensation clawback and recoupment policies that are also embedded in our equity incentive plan, our annual incentive plan and our award agreements.
|
| |
| |
•
Have an anti-hedging and anti-pledging policy.
|
| |
| |
•
Maintain meaningful stock ownership guidelines for V2X corporate officers and Directors.
|
| |
| |
•
Provide in our equity incentive plan for a minimum vesting period of one year for employee equity grants, and generally provide in our employee award agreements for vesting in equal annual installments over a three-year period for our RSU awards.
|
| |
| |
WE DO NOT:
|
| |
| |
•
Reprice stock options.
|
| |
| |
•
Guarantee minimum incentive payments.
|
| |
| |
•
Provide excessive perquisites.
|
| |
| |
•
Provide tax gross-ups for perquisites or in connection with payments made in the event of a change in control; however, tax assistance may be provided for costs associated with relocation.
|
| |
| |
•
Provide for automatic base salary increases.
|
| |
| |
•
Have fixed-term employment arrangements with our NEOs; all of our NEOs are at-will employees.
|
| |
| |
•
Provide a traditional pension plan.
|
| |
| |
Name and Principal Position
|
| | |
2023 Base
Salary ($) |
| | |
Target 2023
Annual AIP Award (% of Base Salary)(1) |
| | |
Target 2023
Long-Term Incentive Award ($) |
| |
| |
Charles L. Prow
President and Chief Executive Officer |
| | |
950,000
|
| | |
110%
|
| | |
3,500,000
|
| |
| |
Shawn M. Mural
SVP and Chief Financial Officer |
| | |
700,000
|
| | |
80%
|
| | |
750,000
|
| |
| |
Susan D. Lynch(2)
Former Chief Financial Officer |
| | |
550,000
|
| | |
75%
|
| | |
800,000
|
| |
| |
Susan L. Deagle(2)
SVP and Chief Growth and Client Service Officer |
| | |
525,000
|
| | |
75%
|
| | |
800,000
|
| |
| |
Kenneth W. Shreves
SVP, Global Mission Solutions |
| | |
450,000
|
| | |
65%
|
| | |
550,000
|
| |
| |
William W. Beard(2)
SVP, Aerospace Solutions |
| | |
450,000
|
| | |
65%
|
| | |
550,000
|
| |
| |
AAR Corp.
|
| | |
Hexcel Corporation
|
| | |
SAIC
|
| |
| |
AeroVironment, Inc.
|
| | |
Howmet Aerospace, Inc.
|
| | |
Teledyne Technologies, Inc.
|
| |
| |
Axon Enterprise, Inc.
|
| | |
Huntington Ingalls Industries, Inc.
|
| | |
TransDigm Group, Inc.
|
| |
| |
Booz Allen Hamilton
|
| | |
Kaman Corporation
|
| | |
Triumph Group, Inc.
|
| |
| |
CACI International Inc.
|
| | |
Mercury Systems, Inc.
|
| | |
VSE Corporation
|
| |
| |
Curtiss-Wright Corporation
|
| | |
Moog, Inc.
|
| | | | | |
| |
OBJECTIVE
|
| | |
GENERAL PRINCIPLE
|
| | |
APPROACH
|
| |
| |
Attract, incentivize and retain talented and experienced leaders.
|
| | |
Design an executive compensation program to attract, incentivize and retain high performing executives.
|
| | |
Target total direct compensation approximating the 50th percentile of competitive practice. Review current competitive market compensation to structure NEO compensation toward the competitive median of general industry companies, as adjusted for revenue size.
|
| |
| |
Align at-risk compensation with corporate and individual performance.
|
| | |
Align the measures of performance in our compensation programs with measures key to the success of our business. If our business succeeds, our shareholders will benefit.
|
| | |
Provide incentive opportunities based on corporate and individual performance to drive shareholder value.
|
| |
| |
Align at-risk compensation with levels of executive responsibility.
|
| | |
As executives advance in the Company, the proportion of at-risk pay relative to fixed pay increases.
|
| | |
Structure NEO compensation so that a substantial portion of compensation is at-risk for executives with greater levels of responsibility.
|
| |
| |
2023 AIP METRICS
|
| | |
PERFORMANCE PERCENTAGE
|
| |
| |
Total Revenue
|
| | |
10%
|
| |
| |
New Business Wins
|
| | |
10%
|
| |
| |
Adjusted EBITDA
|
| | |
50%
|
| |
| |
DSO
|
| | |
20%
|
| |
| |
Individual Strategic Achievements*
|
| | |
10%
|
| |
| | | | | |
Total Revenue*
|
| | |
New Business Wins*
|
| | |
Adjusted EBITDA*
|
| | |
DSO
|
| | |
Individual Strategic
Achievements |
| | ||||||||||||||||||||||||||||||||||||||||
| | | | | |
Min
|
| | |
Tgt
|
| | |
Max
|
| | |
Min
|
| | |
Tgt
|
| | |
Max
|
| | |
Min
|
| | |
Tgt
|
| | |
Max
|
| | |
Min
|
| | |
Tgt
|
| | |
Max
|
| | |
Min
|
| | |
Tgt
|
| | |
Max
|
| |
| |
Performance Percentage of Target
|
| | |
92%
|
| | |
100%
|
| | |
110%
|
| | |
40%
|
| | |
100%
|
| | |
180%
|
| | |
85%
|
| | |
100%
|
| | |
115%
|
| | |
94.7%
|
| | |
100%
|
| | |
109.2%
|
| | |
0%
|
| | |
100%
|
| | |
200%
|
| |
| |
Payout Percentage of Target
|
| | |
50%
|
| | |
100%
|
| | |
200%
|
| | |
25%
|
| | |
100%
|
| | |
200%
|
| | |
50%
|
| | |
100%
|
| | |
200%
|
| | |
33.3%
|
| | |
100%
|
| | |
200%
|
| | |
0%
|
| | |
100%
|
| | |
200%
|
| |
| |
Metric (all $ amounts in millions,
except DSO) |
| | |
Performance Target at
100.0% Payment and Weighting(1) |
| | |
2023
Performance |
| | |
Performance
Percentage of Target |
| | |
Payout
Percentage of Target(1) |
| | |
Weighted
Attainment |
| | ||||
| |
Total Revenue
|
| | |
$3,825.0
|
| | |
10.0%
|
| | |
$3,963.1
|
| | |
103.6%
|
| | |
136.1%
|
| | |
13.6%
|
| |
| |
New Business Wins
|
| | |
$517.0
|
| | |
10.0%
|
| | |
$944.3
|
| | |
182.6%
|
| | |
200.0%
|
| | |
20.0%
|
| |
| |
Adjusted EBITDA
|
| | |
$295.0
|
| | |
50.0%
|
| | |
$293.9
|
| | |
99.6%
|
| | |
98.7%
|
| | |
49.4%
|
| |
| |
DSO
|
| | |
71.0
|
| | |
20.0%
|
| | |
67.5
|
| | |
105.2%
|
| | |
158.3%
|
| | |
31.7%
|
| |
| |
Individual Strategic Achievements
(discussed below) |
| | | | | | |
10.0%
|
| | | | | | |
100.0%
|
| | |
100.0%
|
| | |
10.0%
|
| |
| |
Name
|
| | |
Base
Salary (a)($) |
| | |
Annual
Incentive Target as a Percent of Base Salary (b)(1) |
| | |
Total
Revenue Percent Achieved |
| | |
New
Business Wins Percent Achieved |
| | |
Adjusted
EBITDA Percent Achieved |
| | |
DSO
Percent Achieved |
| | |
Individual
Strategic Achievements Percent Achieved(2) |
| | |
Approved
Total Performance Percent Payout (c) |
| | |
Actual
2023 AIP Awards (a)x(b)x (c)($) |
| |
| |
Charles L. Prow
|
| | |
950,000
|
| | |
110
|
| | |
13.6
|
| | |
20.0
|
| | |
49.4
|
| | |
31.7
|
| | |
10
|
| | |
124.7
|
| | |
1,303,115
|
| |
| |
Shawn M. Mural(3)
|
| | |
700,000
|
| | |
80
|
| | |
13.6
|
| | |
20.0
|
| | |
49.4
|
| | |
31.7
|
| | |
10
|
| | |
124.7
|
| | |
174,580
|
| |
| |
Susan D. Lynch(4)
|
| | |
550,000
|
| | |
75
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| |
| |
Name
|
| | |
Base
Salary (a)($) |
| | |
Annual
Incentive Target as a Percent of Base Salary (b)(1) |
| | |
Total
Revenue Percent Achieved |
| | |
New
Business Wins Percent Achieved |
| | |
Adjusted
EBITDA Percent Achieved |
| | |
DSO
Percent Achieved |
| | |
Individual
Strategic Achievements Percent Achieved(2) |
| | |
Approved
Total Performance Percent Payout (c) |
| | |
Actual
2023 AIP Awards (a)x(b)x (c)($) |
| |
| |
Susan L. Deagle
|
| | |
525,000
|
| | |
75
|
| | |
13.6
|
| | |
20.0
|
| | |
49.4
|
| | |
31.7
|
| | |
10
|
| | |
124.7
|
| | |
491,069
|
| |
| |
Kenneth W. Shreves
|
| | |
450,000
|
| | |
65
|
| | |
13.6
|
| | |
20.0
|
| | |
49.4
|
| | |
31.7
|
| | |
16.2
|
| | |
130.9
|
| | |
382,985
|
| |
| |
William W. Beard
|
| | |
450,000
|
| | |
65
|
| | |
13.6
|
| | |
20.0
|
| | |
49.4
|
| | |
31.7
|
| | |
7.5
|
| | |
122.2
|
| | |
357,453
|
| |
| |
Charles L. Prow
|
| |
| |
Shawn M. Mural
|
| |
| |
Susan L. Deagle
|
| |
| |
Kenneth W. Shreves
|
| |
| |
William W. Beard
|
| |
| | | | | |
RSU Award
|
| | |
PSU Group 1 and Group 2 Awards
|
| | ||||||||
| |
Name
|
| | |
$
Value |
| | |
#
of Units |
| | |
$
Value |
| | |
#
of Units |
| |
| |
Charles L. Prow
|
| | |
1,750,000
|
| | |
44,428
|
| | |
4,125,000
|
| | |
95,735
|
| |
| |
Shawn M. Mural
|
| | |
624,976
|
| | |
11,413
|
| | |
691,624
|
| | |
13,688
|
| |
| |
Susan D. Lynch
|
| | |
400,000
|
| | |
10,155
|
| | |
970,000
|
| | |
22,469
|
| |
| |
Susan L. Deagle
|
| | |
400,000
|
| | |
10,155
|
| | |
922,500
|
| | |
21,443
|
| |
| |
Kenneth W. Shreves
|
| | |
275,000
|
| | |
6,981
|
| | |
583,750
|
| | |
13,651
|
| |
| |
William W. Beard
|
| | |
275,000
|
| | |
6,981
|
| | |
655,000
|
| | |
15,190
|
| |
| |
Company’s Relative TSR Performance
|
| | |
PSU Group 1 Award Vesting Factor
|
| |
| |
less than the 35th percentile
|
| | |
0%
|
| |
| |
at the 35th percentile
|
| | |
50%
|
| |
| |
at the 50th percentile
|
| | |
100%
|
| |
| |
at or above the 80th percentile
|
| | |
200%
|
| |
| |
Name
|
| | |
PSU Group 1 Target Award
($) |
| | |
PSU Group 1 Target Award
(# of Units) |
| |
| |
Charles L. Prow
|
| | |
1,750,000
|
| | |
44,428
|
| |
| |
Shawn M. Mural
|
| | |
375,000
|
| | |
6,848
|
| |
| |
Susan D. Lynch
|
| | |
400,000
|
| | |
10,155
|
| |
| |
Susan L. Deagle
|
| | |
400,000
|
| | |
10,155
|
| |
| |
Kenneth W. Shreves
|
| | |
275,000
|
| | |
6,981
|
| |
| |
William W. Beard
|
| | |
275,000
|
| | |
6,981
|
| |
| |
Company Per Share Average*
|
| | |
PSU Group 2 Award Vesting Factor
|
| |
| |
less than $60
|
| | |
0%
|
| |
| |
$60
|
| | |
30%
|
| |
| |
$75
|
| | |
60%
|
| |
| |
$90 or Greater
|
| | |
80%
|
| |
| |
Name
|
| | |
PSU Group 2 Target Award
($) |
| | |
PSU Group 2 Target Award
(# of Units) |
| |
| |
Charles L. Prow
|
| | |
2,375,000
|
| | |
51,307
|
| |
| |
Shawn M. Mural
|
| | |
316,624
|
| | |
6,840
|
| |
| |
Susan D. Lynch
|
| | |
570,000
|
| | |
12,314
|
| |
| |
Susan L. Deagle
|
| | |
522,500
|
| | |
11,288
|
| |
| |
Kenneth W. Shreves
|
| | |
308,750
|
| | |
6,670
|
| |
| |
William W. Beard
|
| | |
380,000
|
| | |
8,209
|
| |
| |
Name
|
| | |
2021 Target Award
($) |
| | |
Payout at 49.77%
($) |
| |
| |
Charles L. Prow
|
| | |
1,050,000
|
| | |
522,585
|
| |
| |
Shawn M. Mural(1)
|
| | |
—
|
| | |
—
|
| |
| |
Susan D. Lynch(2)
|
| | |
225,000
|
| | |
111,983
|
| |
| |
Susan L. Deagle
|
| | |
195,000
|
| | |
97,052
|
| |
| |
Kenneth W. Shreves
|
| | |
125,000
|
| | |
62,213
|
| |
| |
William W. Beard(1)
|
| | |
—
|
| | |
—
|
| |
| |
V2X COMPENSATION
COMPONENT OR POLICY |
| | |
RISK MITIGATION MEASURES
|
| |
| |
Base Salary
|
| | |
Based on market rates. Provides stability and minimizes risk-taking incentives.
|
| |
| |
AIP
|
| | |
•
AIP design emphasizes overall performance and collaboration across the enterprise.
|
| |
|
•
AIP components focus on metrics that encourage short-term operating performance and that differ from those used for long-term incentive awards.
|
| | |||||
|
•
Individual AIP components and total AIP awards are capped.
|
| | |||||
|
•
Payments are made only after internal audit’s review and Compensation Committee review and approval of the performance, adjustments, achievement, and payments.
|
| | |||||
| |
Long-Term Incentive Awards
— RSUs — PSUs |
| | |
•
RSUs vest annually in one-third increments over a three-year period.
|
| |
|
•
PSUs are performance-based equity awards that vest at the end of a three-year period based on the attainment of relative TSR performance and absolute stock price performance, as described above, so as to provide a balanced view of long-term performance and to encourage behaviors focused on long-term shareholder return, while discouraging behaviors focused on the short-term.
|
| | |||||
| |
Perquisites
|
| | |
Perquisites are based on competitive market data. See “Employee Benefits — Perquisites for NEOs” above.
|
| |
| |
Severance
|
| | |
Severance plans are maintained by the Company in the event of termination without cause or in certain circumstances following a change in control of the Company.
|
| |
| |
Compensation Clawback and Recoupment Policies
|
| | |
Provides mechanism for the Board to seek recoupment of performance-based compensation, including cash/incentives and equity-based compensation, from an employee that has engaged in gross negligence, intentional misconduct, fraud, theft or embezzlement, and to seek clawback, from Section 16 officers, of compensation in the event of a material accounting restatement of the Company’s financial results, irrespective of fraud or misconduct, pursuant to the policy.
|
| |
| |
Officer Share Ownership Guidelines
|
| | |
V2X executive officers are required to own V2X shares or share equivalents up to 5X base salary, depending on the level of the officer. Share ownership guidelines are designed to align executive and shareholder interests and discourage executives from focusing on short-term results without regard to longer-term consequences.
|
| |
| |
Prohibition Against Pledging or Hedging or Speculation in V2X Securities
|
| | |
V2X policy prohibits Directors and executive officers at the level of Corporate Vice Presidents and above from pledging or hedging or speculative trading in and out of V2X securities, including short sales, forward contracts, equity swaps, collars, puts, calls or other derivative securities that are speculative in nature or designed to hedge or offset a decrease in market value of any V2X security (does not restrict exercises of Company-granted stock options).
|
| |
| |
2014 Omnibus Plan
|
| | |
Under the 2014 Omnibus Plan and award agreements, a double trigger change in control vesting provision is included, which requires both consummation of the transaction and a qualifying termination for accelerated vesting of outstanding long-term incentive grants.
|
| |
| |
Pension Plans
|
| | |
V2X does not provide a traditional pension plan.
|
| |
| |
Name and Principal Position
|
| | |
Year
|
| | |
Salary
($) |
| | |
Stock
Awards ($)(1) |
| | |
Non-equity
Incentive Plan Compensation ($)(2) |
| | |
All Other
Compensation ($)(3) |
| | |
Total
($) |
| |
| |
Charles L. Prow
President and Chief Executive Officer |
| | |
2023
|
| | |
926,919
|
| | |
5,285,471
|
| | |
1,303,115
|
| | |
40,120
|
| | |
7,555,625
|
| |
|
2022
|
| | |
831,310
|
| | |
2,500,013
|
| | |
1,251,965
|
| | |
36,391
|
| | |
4,619,679
|
| | |||||
|
2021
|
| | |
764,619
|
| | |
2,099,972
|
| | |
1,185,106
|
| | |
33,844
|
| | |
4,083,541
|
| | |||||
| |
Shawn M. Mural
SVP and Chief Financial Officer |
| | |
2023
|
| | |
149,759
|
| | |
1,397,217
|
| | |
174,580
|
| | |
1,433
|
| | |
1,722,989
|
| |
|
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |||||
|
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |||||
| |
Susan D. Lynch(4)
Former Chief Financial Officer |
| | |
2023
|
| | |
475,675
|
| | |
1,225,112
|
| | |
—
|
| | |
1,944,736
|
| | |
3,645,523
|
| |
|
2022
|
| | |
486,379
|
| | |
600,016
|
| | |
502,125
|
| | |
17,507
|
| | |
1,606,027
|
| | |||||
|
2021
|
| | |
438,452
|
| | |
450,019
|
| | |
451,011
|
| | |
17,393
|
| | |
1,356,875
|
| | |||||
| |
Susan L. Deagle(5)
SVP and Chief Growth and Client Service Officer |
| | |
2023
|
| | |
513,462
|
| | |
1,195,378
|
| | |
491,069
|
| | |
21,091
|
| | |
2,221,000
|
| |
|
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |||||
|
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |||||
| |
Kenneth W. Shreves
SVP, Global Mission Solutions |
| | |
2023
|
| | |
438,458
|
| | |
790,173
|
| | |
382,985
|
| | |
19,171
|
| | |
1,630,787
|
| |
|
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |||||
|
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |||||
| |
William W. Beard(6)
SVP, Aerospace Solutions |
| | |
2023
|
| | |
428,165
|
| | |
834,773
|
| | |
357,453
|
| | |
24,852
|
| | |
1,645,243
|
| |
|
2022
|
| | |
173,389
|
| | |
3,977,391
|
| | |
289,121
|
| | |
4,656
|
| | |
4,444,557
|
| | |||||
|
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| |
| |
Name
|
| | |
Year
|
| | |
Perquisites(1)
($) |
| | |
Severance(2)
($) |
| | |
Excess Savings
Plan Contributions(3) ($) |
| | |
401(k)
Matching Contributions(4) ($) |
| | |
Other(5)
($) |
| | |
Total All Other
Compensation ($) |
| |
| |
Charles L. Prow
|
| | |
2023
|
| | |
—
|
| | |
—
|
| | |
23,877
|
| | |
12,222
|
| | |
4,021
|
| | |
40,120
|
| |
| |
Shawn M. Mural
|
| | |
2023
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
1,077
|
| | |
356
|
| | |
1,433
|
| |
| |
Susan D. Lynch
|
| | |
2023
|
| | |
—
|
| | |
1,925,000
|
| | |
3,671
|
| | |
13,262
|
| | |
2,803
|
| | |
1,944,736
|
| |
| |
Susan L. Deagle
|
| | |
2023
|
| | |
—
|
| | |
—
|
| | |
7,338
|
| | |
11,550
|
| | |
2,203
|
| | |
21,091
|
| |
| |
Kenneth W. Shreves
|
| | |
2023
|
| | |
—
|
| | |
—
|
| | |
4,338
|
| | |
12,000
|
| | |
2,833
|
| | |
19,171
|
| |
| |
William W. Beard
|
| | |
2023
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
22,500
|
| | |
2,352
|
| | |
24,852
|
| |
| |
Name
|
| | |
Award Type
|
| | |
Approval
Date |
| | |
Grant
Date |
| | |
Estimated Future Payouts
Under Non-Equity Incentive Plan Awards(1) |
| | |
Estimated Future Payouts
Under Equity Incentive Plan Awards(2) |
| | |
All
Other Stock Awards: Number of Shares of Stock or Units (#)(3) |
| | |
Grant
Date Fair Value of Stock Awards ($)(4) |
| | ||||||||||||||||
|
Threshold
($) |
| | |
Target
($) |
| | |
Maximum
($) |
| | |
Threshold
(#) |
| | |
Target
(#) |
| | |
Maximum
(#) |
| | |||||||||||||||||||||||||
| |
Charles L. Prow
|
| | |
Cash
|
| | | | | | | | | | |
522,500
|
| | |
1,045,000
|
| | |
2,090,000
|
| | | | | | | | | | | | | | | | | | | | | |
|
PSU Group 1 Award
|
| | |
2/21/2023
|
| | |
3/10/2023
|
| | | | | | | | | | | | | | |
22,214
|
| | |
44,428
|
| | |
88,856
|
| | | | | | |
2,048,575
|
| | |||||
|
PSU Group 2 Award
|
| | |
2/21/2023
|
| | |
3/10/2023
|
| | | | | | | | | | | | | | |
15,392
|
| | |
51,307
|
| | |
51,307
|
| | | | | | |
1,486,877
|
| | |||||
|
RSU
|
| | |
2/21/2023
|
| | |
3/10/2023
|
| | | | | | | | | | | | | | | | | | | | | | | | | | |
44,428
|
| | |
1,750,019
|
| | |||||
| |
Shawn M. Mural
|
| | |
Cash
|
| | | | | | | | | | |
280,000
|
| | |
560,000
|
| | |
1,120,000
|
| | | | | | | | | | | | | | | | | | | | | |
|
PSU Group 1 Award
|
| | |
9/28/2023
|
| | |
10/9/2023
|
| | | | | | | | | | | | | | |
3,424
|
| | |
6,848
|
| | |
13,696
|
| | | | | | |
531,747
|
| | |||||
|
PSU Group 2 Award(5)
|
| | |
9/28/2023
|
| | |
10/9/2023
|
| | | | | | | | | | | | | | |
2,052
|
| | |
6,840
|
| | |
6,840
|
| | | | | | |
240,494
|
| | |||||
|
RSU(5)
|
| | |
9/28/2023
|
| | |
10/9/2023
|
| | | | | | | | | | | | | | | | | | | | | | | | | | |
11,413
|
| | |
624,976
|
| | |||||
| |
Susan D. Lynch
|
| | |
Cash
|
| | | | | | | | | | |
206,250
|
| | |
412,500
|
| | |
825,000
|
| | | | | | | | | | | | | | | | | | | | | |
|
PSU Group 1 Award
|
| | |
2/21/2023
|
| | |
3/10/2023
|
| | | | | | | | | | | | | | |
5,078
|
| | |
10,155
|
| | |
20,310
|
| | | | | | |
468,247
|
| | |||||
|
PSU Group 2 Award
|
| | |
2/21/2023
|
| | |
3/10/2023
|
| | | | | | | | | | | | | | |
3,694
|
| | |
12,314
|
| | |
12,314
|
| | | | | | |
356,860
|
| | |||||
|
RSU
|
| | |
2/21/2023
|
| | |
3/10/2023
|
| | | | | | | | | | | | | | | | | | | | | | | | | | |
10,155
|
| | |
400,005
|
| | |||||
| |
Susan L. Deagle
|
| | |
Cash
|
| | | | | | | | | | |
196,875
|
| | |
393,750
|
| | |
787,500
|
| | | | | | | | | | | | | | | | | | | | | |
|
PSU Group 1 Award
|
| | |
2/21/2023
|
| | |
3/10/2023
|
| | | | | | | | | | | | | | |
5,078
|
| | |
10,155
|
| | |
20,310
|
| | | | | | |
468,247
|
| | |||||
|
PSU Group 2 Award
|
| | |
2/21/2023
|
| | |
3/10/2023
|
| | | | | | | | | | | | | | |
3,386
|
| | |
11,288
|
| | |
11,288
|
| | | | | | |
327,126
|
| | |||||
|
RSU
|
| | |
2/21/2023
|
| | |
3/10/2023
|
| | | | | | | | | | | | | | | | | | | | | | | | | | |
10,155
|
| | |
400,005
|
| | |||||
| |
Kenneth W. Shreves
|
| | |
Cash
|
| | | | | | | | | | |
146,250
|
| | |
292,500
|
| | |
585,000
|
| | | | | | | | | | | | | | | | | | | | | |
|
PSU Group 1 Award
|
| | |
2/21/2023
|
| | |
3/10/2023
|
| | | | | | | | | | | | | | |
3,491
|
| | |
6,981
|
| | |
13,962
|
| | | | | | |
321,894
|
| | |||||
|
PSU Group 2 Award
|
| | |
2/21/2023
|
| | |
3/10/2023
|
| | | | | | | | | | | | | | |
2,001
|
| | |
6,670
|
| | |
6,670
|
| | | | | | |
193,297
|
| | |||||
|
RSU
|
| | |
2/21/2023
|
| | |
3/10/2023
|
| | | | | | | | | | | | | | | | | | | | | | | | | | |
6,981
|
| | |
274,982
|
| | |||||
| |
William W. Beard
|
| | |
Cash
|
| | | | | | | | | | |
112,703
|
| | |
225,405
|
| | |
450,810
|
| | | | | | | | | | | | | | | | | | | | | |
|
PSU Group 1 Award
|
| | |
2/21/2023
|
| | |
3/10/2023
|
| | | | | | | | | | | | | | |
3,491
|
| | |
6,981
|
| | |
13,962
|
| | | | | | |
321,894
|
| | |||||
|
PSU Group 2 Award
|
| | |
2/21/2023
|
| | |
3/10/2023
|
| | | | | | | | | | | | | | |
2,463
|
| | |
8,209
|
| | |
9,209
|
| | | | | | |
237,897
|
| | |||||
|
RSU
|
| | |
2/21/2023
|
| | |
3/10/2023
|
| | | | | | | | | | | | | | | | | | | | | | | | | | |
6,981
|
| | |
274,982
|
| |
| | | | | | | | | |
Option Awards
|
| | |
Stock Awards
|
| | ||||||||||||||||||||||||
| |
Name
|
| | |
Grant Date
|
| | |
Number of
Securities Underlying Unexercised Options Exercisable (#) |
| | |
Number of
Securities Underlying Unexercised Options Unexercisable (#) |
| | |
Option
Exercise Price ($) |
| | |
Option
Expiration Date |
| | |
Number of
Shares or Units of Stock That Have Not Vested (#) |
| | |
Market
Value of Shares or Units of Stock That Have Not Vested ($)(1) |
| | |
Equity Incentive
Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) |
| | |
Equity Incentive
Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(1) |
| |
| |
Charles L. Prow
|
| | |
3/3/2017
|
| | |
21,898
|
| | |
—
|
| | |
21.98
|
| | |
3/3/2027
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| |
|
3/4/2021
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
6,005
|
| | |
278,872
|
| | |
—
|
| | |
—
|
| | |||||
|
3/10/2022
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
23,090
|
| | |
1,072,300
|
| | |
—
|
| | |
—
|
| | |||||
|
3/10/2023
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
44,428
|
| | |
2,063,236
|
| | |
—
|
| | |
—
|
| | |||||
|
3/10/2023
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
44,428(2)
|
| | |
2,063,236
|
| | |||||
|
3/10/2023
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
51,307(3)
|
| | |
2,382,697
|
| | |||||
| |
Shawn M. Mural
|
| | |
10/9/2023
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
4,565
|
| | |
211,999
|
| | |
—
|
| | |
—
|
| |
|
10/9/2023
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
6,848
|
| | |
318,021
|
| | |
—
|
| | |
—
|
| | |||||
|
10/9/2023
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
6,848(2)
|
| | |
318,021
|
| | |||||
|
10/9/2023
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
6,840(3)
|
| | |
317,650
|
| | |||||
| |
Susan D. Lynch
|
| | |
3/10/2023
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
10,155(4)
|
| | |
471,598
|
| | |
—
|
| | |
—
|
| |
|
3/10/2023
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
10,155(2)(4)
|
| | |
471,598
|
| | |||||
| |
Susan L. Deagle
|
| | |
5/8/2017
|
| | |
5,618
|
| | |
—
|
| | |
26.05
|
| | |
5/8/2027
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| |
|
3/4/2021
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
1,115
|
| | |
51,781
|
| | |
—
|
| | |
—
|
| | |||||
|
3/10/2022
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
5,080
|
| | |
235,915
|
| | |
—
|
| | |
—
|
| | |||||
|
3/10/2023
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
10,155
|
| | |
471,598
|
| | |
—
|
| | |
—
|
| | |||||
|
3/10/2023
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
10,155(2)
|
| | |
471,598
|
| | |||||
|
3/10/2023
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
11,288(3)
|
| | |
524,215
|
| | |||||
| |
Kenneth W. Shreves
|
| | |
3/4/2021
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
715
|
| | |
33,205
|
| | |
—
|
| | |
—
|
| |
|
3/10/2022
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
3,002
|
| | |
139,413
|
| | |
—
|
| | |
—
|
| | |||||
|
3/10/2023
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
6,981
|
| | |
324,198
|
| | |
—
|
| | |
—
|
| | |||||
|
3/10/2023
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
6,981(2)
|
| | |
324,198
|
| | |||||
|
3/10/2023
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
6,670(3)
|
| | |
309,755
|
| | |||||
| |
William W. Beard
|
| | |
7/5/2022
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
58,629
|
| | |
2,722,731
|
| | |
—
|
| | |
—
|
| |
|
3/10/2023
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
6,981
|
| | |
324,198
|
| | |
—
|
| | |
—
|
| | |||||
|
3/10/2023
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
6,981(2)
|
| | |
324,198
|
| | |||||
|
3/10/2023
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
8,209(3)
|
| | |
381,226
|
| |
| | | | | | | | | |
Vesting Schedule
(#) |
| | ||||||||
| |
Name
|
| | |
Grant Date
|
| | |
2024
|
| | |
2025
|
| | |
2026
|
| |
| |
Charles L. Prow
|
| | |
3/4/2021
|
| | |
6,005
|
| | |
—
|
| | |
—
|
| |
|
3/10/2022
|
| | |
11,545
|
| | |
11,545
|
| | |
—
|
| | |||||
|
3/10/2023
|
| | |
14,810
|
| | |
14,809
|
| | |
14,809
|
| | |||||
| |
Shawn M. Mural
|
| | |
10/9/2023
|
| | |
2,283
|
| | |
2,283
|
| | |
2,282
|
| |
|
10/9/2023
|
| | |
1,522
|
| | |
1,522
|
| | |
1,521
|
| | |||||
| |
Susan D. Lynch
|
| | |
3/10/2023
|
| | |
3,385
|
| | |
3,385
|
| | |
3,385
|
| |
| |
Susan L. Deagle
|
| | |
3/4/2021
|
| | |
1,115
|
| | |
—
|
| | |
—
|
| |
|
3/10/2022
|
| | |
2,540
|
| | |
2,540
|
| | |
—
|
| | |||||
|
3/10/2023
|
| | |
3,385
|
| | |
3,385
|
| | |
3,385
|
| | |||||
| |
Kenneth W. Shreves
|
| | |
3/4/2021
|
| | |
715
|
| | |
—
|
| | |
—
|
| |
|
3/10/2022
|
| | |
1,501
|
| | |
1,501
|
| | |
—
|
| | |||||
|
3/10/2023
|
| | |
2,327
|
| | |
2,327
|
| | |
2,327
|
| | |||||
| |
William W. Beard
|
| | |
7/5/2022
|
| | |
58,629
|
| | |
—
|
| | |
—
|
| |
|
3/10/2023
|
| | |
2,327
|
| | |
2,327
|
| | |
2,327
|
| |
| | | | | |
Stock Awards
|
| | ||||
| |
Name
|
| | |
Number of Shares
Acquired on Vesting (#) |
| | |
Value Realized on
Vesting ($)(1) |
| |
| |
Charles L. Prow
|
| | |
23,520
|
| | |
1,021,163
|
| |
| |
Shawn M. Mural
|
| | |
—
|
| | |
—
|
| |
| |
Susan D. Lynch(2)
|
| | |
12,300
|
| | |
588,443
|
| |
| |
Susan L. Deagle
|
| | |
4,754
|
| | |
205,003
|
| |
| |
Kenneth W. Shreves
|
| | |
2,687
|
| | |
115,425
|
| |
| |
William W. Beard(3)
|
| | |
58,629
|
| | |
2,656,769
|
| |
| |
Name
|
| | |
Executive
Contributions in Last FY ($)(1) |
| | |
Registrant
Contributions in Last FY ($)(2) |
| | |
Aggregate
Earnings in Last FY ($) |
| | |
Aggregate
Withdrawals/ Distributions in Last FY ($) |
| | |
Aggregate Balance
at Last FYE ($)(3) |
| |
| |
Charles L. Prow
|
| | |
74,153
|
| | |
23,877
|
| | |
30,008
|
| | |
—
|
| | |
257,726
|
| |
| |
Shawn M. Mural
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| |
| |
Susan D. Lynch
|
| | |
—
|
| | |
3,671
|
| | |
161
|
| | |
—
|
| | |
11,111
|
| |
| |
Susan L. Deagle
|
| | |
—
|
| | |
7,338
|
| | |
145
|
| | |
—
|
| | |
13,693
|
| |
| |
Kenneth W. Shreves
|
| | |
—
|
| | |
4,338
|
| | |
84
|
| | |
—
|
| | |
8,230
|
| |
| |
William W. Beard
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| |
| |
Executive
|
| | |
Resignation
(a)($) |
| | |
Termination
for Cause (b)($) |
| | |
Death
(c)($) |
| | |
Disability
(d)($) |
| | |
Termination
Not For Cause (e)($) |
| | |
Change in
Control and Termination Not For Cause or With Good Reason (f)($) |
| |
| |
Charles L. Prow
|
| | | | | | | | | | | | | | | | | | | | | | | | | |
| |
Severance(1)
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
2,675,499
|
| | |
5,017,688
|
| |
| |
2022 – 2024 TSR Award(2)
|
| | |
1,039,000
|
| | |
—
|
| | |
1,039,000
|
| | |
1,039,000
|
| | |
1,039,000
|
| | |
1,039,000
|
| |
| |
2023 – 2025 PSU Group 1 Award(2)
|
| | |
2,063,236
|
| | |
—
|
| | |
2,063,236
|
| | |
2,063,236
|
| | |
2,063,236
|
| | |
2,063,236
|
| |
| |
2023 – 2025 PSU Group 2 Award(3)
|
| | |
—
|
| | |
—
|
| | |
794,170
|
| | |
794,170
|
| | |
—
|
| | |
794,170
|
| |
| |
Unvested RSUs(4)
|
| | |
3,414,408
|
| | |
—
|
| | |
3,414,408
|
| | |
3,414,408
|
| | |
3,414,408
|
| | |
3,414,408
|
| |
| |
Total
|
| | |
6,516,644
|
| | |
—
|
| | |
7,310,814
|
| | |
7,310,814
|
| | |
9,192,143
|
| | |
12,328,502
|
| |
| |
Shawn M. Mural
|
| | | | | | | | | | | | | | | | | | | | | | | | | |
| |
Severance(1)
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
715,922
|
| | |
2,552,942
|
| |
| |
2023 – 2025 PSU Group 1 Award(2)
|
| | |
—
|
| | |
—
|
| | |
318,021
|
| | |
318,021
|
| | |
105,976
|
| | |
318,021
|
| |
| |
2023 – 2025 PSU Group 2 Award(3)
|
| | |
—
|
| | |
—
|
| | |
105,883
|
| | |
105,883
|
| | |
—
|
| | |
105,883
|
| |
| |
Unvested RSUs(4)
|
| | |
—
|
| | |
—
|
| | |
530,020
|
| | |
530,020
|
| | |
29,443
|
| | |
530,020
|
| |
| |
Total
|
| | |
—
|
| | |
—
|
| | |
953,924
|
| | |
953,924
|
| | |
851,341
|
| | |
3,506,866
|
| |
| |
Susan L. Deagle
|
| | | | | | | | | | | | | | | | | | | | | | | | | |
| |
Severance(1)
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
669,743
|
| | |
1,859,530
|
| |
| |
2022 – 2024 TSR Award(2)
|
| | |
—
|
| | |
—
|
| | |
228,580
|
| | |
228,580
|
| | |
137,507
|
| | |
228,580
|
| |
| |
2023 – 2025 PSU Group 1 Award(2)
|
| | |
—
|
| | |
—
|
| | |
471,598
|
| | |
471,598
|
| | |
157,199
|
| | |
471,598
|
| |
| |
2023 – 2025 PSU Group 2 Award(3)
|
| | |
—
|
| | |
—
|
| | |
174,707
|
| | |
174,707
|
| | |
—
|
| | |
174,707
|
| |
| |
Unvested RSUs(4)
|
| | |
—
|
| | |
—
|
| | |
759,294
|
| | |
759,294
|
| | |
245,203
|
| | |
759,294
|
| |
| |
Total
|
| | |
—
|
| | |
—
|
| | |
1,634,179
|
| | |
1,634,179
|
| | |
1,209,652
|
| | |
3,493,709
|
| |
| |
Kenneth W. Shreves
|
| | | | | | | | | | | | | | | | | | | | | | | | | |
| |
Severance(1)
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
563,067
|
| | |
1,114,435
|
| |
| |
2022 – 2024 TSR Award(2)
|
| | |
135,070
|
| | |
—
|
| | |
135,070
|
| | |
135,070
|
| | |
135,070
|
| | |
135,070
|
| |
| |
2023 – 2025 PSU Group 1 Award(2)
|
| | |
324,198
|
| | |
—
|
| | |
324,198
|
| | |
324,198
|
| | |
324,198
|
| | |
324,198
|
| |
| |
2023 – 2025 PSU Group 2 Award(3)
|
| | |
—
|
| | |
—
|
| | |
103,236
|
| | |
103,236
|
| | |
—
|
| | |
103,236
|
| |
| |
Unvested RSUs(4)
|
| | |
496,815
|
| | |
—
|
| | |
496,815
|
| | |
496,815
|
| | |
496,815
|
| | |
496,815
|
| |
| |
Total
|
| | |
956,083
|
| | |
—
|
| | |
1,059,319
|
| | |
1,059,319
|
| | |
1,519,150
|
| | |
2,173,754
|
| |
| |
Executive
|
| | |
Resignation
(a)($) |
| | |
Termination
for Cause (b)($) |
| | |
Death
(c)($) |
| | |
Disability
(d)($) |
| | |
Termination
Not For Cause (e)($) |
| | |
Change in
Control and Termination Not For Cause or With Good Reason (f)($) |
| |
| |
William W. Beard
|
| | | | | | | | | | | | | | | | | | | | | | | | | |
| |
Severance(1)
|
| | |
—
|
| | |
—
|
| | |
—
|
| | |
0
|
| | |
450,449
|
| | |
1,114,435
|
| |
| |
2023 – 2025 PSU Group 1 Award(2)
|
| | |
—
|
| | |
—
|
| | |
324,198
|
| | |
324,198
|
| | |
108,066
|
| | |
324,198
|
| |
| |
2023 – 2025 PSU Group 2 Award(3)
|
| | |
—
|
| | |
—
|
| | |
127,060
|
| | |
127,060
|
| | |
—
|
| | |
127,060
|
| |
| |
Unvested RSUs(4)
|
| | |
—
|
| | |
—
|
| | |
3,046,928
|
| | |
3,046,928
|
| | |
2,803,769
|
| | |
3,046,928
|
| |
| |
Total
|
| | |
—
|
| | |
—
|
| | |
3,498,186
|
| | |
3,498,186
|
| | |
3,362,284
|
| | |
4,612,621
|
| |
|
Median Employee Total Annual Compensation:
|
| |
$75,448
|
| | | |
|
CEO Total Annual Compensation:
|
| |
$7,555,625
|
| | | |
|
Ratio of CEO Pay to Median Employee Compensation:
|
| |
100.1 to 1.0
|
| | | |
| | Fiscal Year(1) | | | | Summary Compensation Table Total for CEO ($)(2) | | | | Compensation Actually Paid to CEO ($)(3) | | | | Average Summary Compensation Table Total for Non-CEO NEOs ($)(4) | | | | Average Compensation Actually Paid for Non-CEO NEOs ($)(5) | | | | Value of Initial Fixed $100 Investment Based on: | | | | GAAP Net (Loss) Income ($)(8) | | | | EBITDA ($)(9) | | | ||||
| Company Total Shareholder Return ($)(6) | | | | Peer Group Total Shareholder Return ($)(7) | | | |||||||||||||||||||||||||||||
| | 2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | ( | | | | | | |
| | 2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | ( | | | | | | |
| | 2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | 2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Fiscal Year | | | | Salary ($) | | | | Non-Equity Incentive Compensation ($) | | | | Other Compensation ($)(1) | | | | SCT Total ($) | | | | Deductions from SCT Total ($)(2) | | | | Additions to SCT Total ($)(3) | | | | CAP ($) | | |
| | 2023 | | | | | | | | | | | | | | | | | | | | ( | | | | | | | | | | |
| | 2022 | | | | | | | | | | | | | | | | | | | | ( | | | | | | | | | | |
| | 2021 | | | | | | | | | | | | | | | | | | | | ( | | | | | | | | | | |
| | 2020 | | | | | | | | | | | | | | | | | | | | ( | | | | | | | | | | |
| | Fiscal Year | | | | Salary ($) | | | | Non-Equity Incentive Compensation ($) | | | | Other Compensation ($)(1) | | | | SCT Total ($) | | | | Deductions from SCT Total ($)(2) | | | | Additions to SCT Total ($)(3) | | | | CAP ($) | | |
| | 2023 | | | | | | | | | | | | | | | | | | | | ( | | | | | | | | | | |
| | 2022 | | | | | | | | | | | | | | | | | | | | ( | | | | | | | | | | |
| | 2021 | | | | | | | | | | | | | | | | | | | | ( | | | | | | | | | | |
| | 2020 | | | | | | | | | | | | | | | | | | | | ( | | | | | | | | | | |
| | Most Important Performance Measures | | |
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