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Pay vs Performance Disclosure

12 Months Ended

Dec. 31, 2023

USD ($)

Dec. 31, 2022

USD ($)

$ / shares

Dec. 31, 2021

USD ($)

$ / shares

Dec. 31, 2020

USD ($)

Dec. 29, 2023

$ / shares

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Pay Versus Performance

The following table sets forth information concerning the compensation of our NEOs for each of the fiscal years ended December 31, 2020, 2021, 2022, and 2023, and our financial performance for each such fiscal year. The amounts represented under “compensation actually paid” were computed in accordance with SEC rules. See footnote (1) and the explanations below for more information.

	Year			Summary Compensation Table Total for PEO ($)			Compensation Actually Paid to PEO ($)¹			Average Summary Compensation Table Total for Non-PEO NEOs ($)			Average Compensation Actually Paid to Non-PEO NEOs ($)¹			Value of Initial Fixed $100 Investment Based on:
	Year			Summary Compensation Table Total for PEO ($)			Compensation Actually Paid to PEO ($)¹									FTI Total Shareholder Return ($)			OSX Total Shareholder Return ($)²			Net Income ($)			Adjusted EBITDA Margin %³
	2023			17,062,495			62,631,037			3,219,687			6,970,872			145.16			114.47			56,130,479			12.0%
	2022			14,774,294			52,760,476			2,989,375			7,539,426			55.67			61.53			(107,307,795)			10.0%
	2021			21,933,683			15,255,127			3,203,031			1,562,750			23.73			31.25			13,344,828			8.8%
	2020			12,920,601			2,368,276			3,191,983			1,734,567			28.03			25.88			(3,287,395,821)			6.7%

The increase in “compensation actually paid” from 2021 to 2022, and from 2022 to 2023 is primarily driven by the increase in the fair value of performance awards due to the increase in share price from $5.92 at December 31, 2021, $12.19 at December 31, 2022, and $20.14 at December 29, 2023.

(1)

Amounts include (i) the year-end value of equity awards granted during the reported year, (ii) the change in the value of equity awards that were unvested at the end of the prior year, measured through the date the awards vested or were forfeited, or through the end of the reported fiscal year, and (iii) certain pension-related costs. The Non-PEO NEOs referenced in the table above are indicated in the table below for each fiscal year:

		Year			PEO			Non-PEO NEOs
		2023			Douglas P. Pferdehirt			Alf Melin, Justin Rounce, Jonathan Landes, Victoria Lazar, and Thierry Conti
		2022			Douglas P. Pferdehirt			Alf Melin, Justin Rounce, Jonathan Landes, and Victoria Lazar
		2021			Douglas P. Pferdehirt			Alf Melin, Justin Rounce, Jonathan Landes, Barry Glickman, and Maryann Mannen
		2020			Douglas P. Pferdehirt			Maryann Mannen, Justin Rounce, Barry Glickman, Arnaud Pieton, Catherine MacGregor, and Nello Uccelletti

(2)

For the relevant fiscal year, represents the cumulative TSR of the OSX index for the applicable five-year period as set forth in our Annual Report on Form 10-K for each respective year.

(3)

Adjusted EBITDA Margin % is a non-GAAP measure and is defined as earnings before net interest expense, income taxes, depreciation, and amortization, excluding charges credits and foreign currency as a percentage of revenue. For reconciliation of adjusted EBITDA margin to their respective most directly comparable GAAP measures, please refer to “Appendix A - Reconciliation of Non-GAAP Measures” in this Proxy Statement.

To calculate the “compensation actually paid” in the table above, the following amounts were deducted or added (as applicable) to our NEO’s “Total” compensation reported in the Summary Compensation Table (“SCT”) for the applicable fiscal year:

				2020						2021						2022						2023
	Adjustments			PEO			Average non- PEO NEOs			PEO			Average non- PEO NEOs			PEO			Average non- PEO NEOs			PEO			Average non- PEO NEOs
	Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the SCT for Applicable FY			(9,966,772)			(1,609,745)			(17,629,477)			(1,962,340)			(11,190,694)			(1,748,543)			(12,436,674)			(1,413,531)
	Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End			7,435,271			1,145,923			10,615,778			1,206,646			19,141,491			2,990,851			20,095,969			2,284,074
	Increase/deduction for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End			(9,876,567)			(1,258,436)			335,348			25,645			26,110,894			3,032,829			34,462,881			3,592,217
	Increase/deduction for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date			1,855,743			116,084			2,495,429			97,134			3,924,491			337,375			3,273,382			167,468
	Deduction of ASC 718 Fair Value of Awards Granted during Prior FY that were Forfeited during Applicable FY, determined as of Prior FY End			—			—			—			(827,001)			—			—			—			(868,951)
	Increase based on Dividends or Other Earnings Paid during Applicable FY prior to Vesting Date			—			—			—			—			—			—			172,984			8,850
	Increase/Decrease based on Incremental Fair Value of Options/SARs Modified during Applicable FY			—			—			(2,495,633)			(178,640)			—			—			—			—
	Deduction for Change in the Actuarial Present Values reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the SCT for Applicable FY			—			148,758			—			(1,725)			—			(62,462)			—			(18,941)
	Increase for Service Cost and, if applicable, Prior Service Cost for Pension Plans			—			—			—			—			—			—			—			—
	TOTAL ADJUSTMENTS			(10,552,325)			(1,457,416)			(6,678,556)			(1,640,281)			37,986,182			4,550,050			45,568,542			3,751,185

Company Selected Measure Name

Adjusted EBITDA Margin %

Named Executive Officers, Footnote

(1)

Amounts include (i) the year-end value of equity awards granted during the reported year, (ii) the change in the value of equity awards that were unvested at the end of the prior year, measured through the date the awards vested or were forfeited, or through the end of the reported fiscal year, and (iii) certain pension-related costs. The Non-PEO NEOs referenced in the table above are indicated in the table below for each fiscal year:

		Year			PEO			Non-PEO NEOs
		2023			Douglas P. Pferdehirt			Alf Melin, Justin Rounce, Jonathan Landes, Victoria Lazar, and Thierry Conti
		2022			Douglas P. Pferdehirt			Alf Melin, Justin Rounce, Jonathan Landes, and Victoria Lazar
		2021			Douglas P. Pferdehirt			Alf Melin, Justin Rounce, Jonathan Landes, Barry Glickman, and Maryann Mannen
		2020			Douglas P. Pferdehirt			Maryann Mannen, Justin Rounce, Barry Glickman, Arnaud Pieton, Catherine MacGregor, and Nello Uccelletti

Peer Group Issuers, Footnote

(2)

For the relevant fiscal year, represents the cumulative TSR of the OSX index for the applicable five-year period as set forth in our Annual Report on Form 10-K for each respective year.

PEO Total Compensation Amount

$ 17,062,495

$ 14,774,294

$ 21,933,683

$ 12,920,601

PEO Actually Paid Compensation Amount

$ 62,631,037

52,760,476

15,255,127

2,368,276

Adjustment To PEO Compensation, Footnote

To calculate the “compensation actually paid” in the table above, the following amounts were deducted or added (as applicable) to our NEO’s “Total” compensation reported in the Summary Compensation Table (“SCT”) for the applicable fiscal year:

				2020						2021						2022						2023
	Adjustments			PEO			Average non- PEO NEOs			PEO			Average non- PEO NEOs			PEO			Average non- PEO NEOs			PEO			Average non- PEO NEOs
	Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the SCT for Applicable FY			(9,966,772)			(1,609,745)			(17,629,477)			(1,962,340)			(11,190,694)			(1,748,543)			(12,436,674)			(1,413,531)
	Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End			7,435,271			1,145,923			10,615,778			1,206,646			19,141,491			2,990,851			20,095,969			2,284,074
	Increase/deduction for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End			(9,876,567)			(1,258,436)			335,348			25,645			26,110,894			3,032,829			34,462,881			3,592,217
	Increase/deduction for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date			1,855,743			116,084			2,495,429			97,134			3,924,491			337,375			3,273,382			167,468
	Deduction of ASC 718 Fair Value of Awards Granted during Prior FY that were Forfeited during Applicable FY, determined as of Prior FY End			—			—			—			(827,001)			—			—			—			(868,951)
	Increase based on Dividends or Other Earnings Paid during Applicable FY prior to Vesting Date			—			—			—			—			—			—			172,984			8,850
	Increase/Decrease based on Incremental Fair Value of Options/SARs Modified during Applicable FY			—			—			(2,495,633)			(178,640)			—			—			—			—
	Deduction for Change in the Actuarial Present Values reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the SCT for Applicable FY			—			148,758			—			(1,725)			—			(62,462)			—			(18,941)
	Increase for Service Cost and, if applicable, Prior Service Cost for Pension Plans			—			—			—			—			—			—			—			—
	TOTAL ADJUSTMENTS			(10,552,325)			(1,457,416)			(6,678,556)			(1,640,281)			37,986,182			4,550,050			45,568,542			3,751,185

Non-PEO NEO Average Total Compensation Amount

$ 3,219,687

2,989,375

3,203,031

3,191,983

Non-PEO NEO Average Compensation Actually Paid Amount

$ 6,970,872

7,539,426

1,562,750

1,734,567

Adjustment to Non-PEO NEO Compensation Footnote

To calculate the “compensation actually paid” in the table above, the following amounts were deducted or added (as applicable) to our NEO’s “Total” compensation reported in the Summary Compensation Table (“SCT”) for the applicable fiscal year:

				2020						2021						2022						2023
	Adjustments			PEO			Average non- PEO NEOs			PEO			Average non- PEO NEOs			PEO			Average non- PEO NEOs			PEO			Average non- PEO NEOs
	Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the SCT for Applicable FY			(9,966,772)			(1,609,745)			(17,629,477)			(1,962,340)			(11,190,694)			(1,748,543)			(12,436,674)			(1,413,531)
	Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End			7,435,271			1,145,923			10,615,778			1,206,646			19,141,491			2,990,851			20,095,969			2,284,074
	Increase/deduction for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End			(9,876,567)			(1,258,436)			335,348			25,645			26,110,894			3,032,829			34,462,881			3,592,217
	Increase/deduction for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date			1,855,743			116,084			2,495,429			97,134			3,924,491			337,375			3,273,382			167,468
	Deduction of ASC 718 Fair Value of Awards Granted during Prior FY that were Forfeited during Applicable FY, determined as of Prior FY End			—			—			—			(827,001)			—			—			—			(868,951)
	Increase based on Dividends or Other Earnings Paid during Applicable FY prior to Vesting Date			—			—			—			—			—			—			172,984			8,850
	Increase/Decrease based on Incremental Fair Value of Options/SARs Modified during Applicable FY			—			—			(2,495,633)			(178,640)			—			—			—			—
	Deduction for Change in the Actuarial Present Values reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the SCT for Applicable FY			—			148,758			—			(1,725)			—			(62,462)			—			(18,941)
	Increase for Service Cost and, if applicable, Prior Service Cost for Pension Plans			—			—			—			—			—			—			—			—
	TOTAL ADJUSTMENTS			(10,552,325)			(1,457,416)			(6,678,556)			(1,640,281)			37,986,182			4,550,050			45,568,542			3,751,185

Total Shareholder Return Amount

$ 145.16

55.67

23.73

28.03

Peer Group Total Shareholder Return Amount

114.47

61.53

31.25

25.88

Net Income (Loss)

$ 56,130,479

$ (107,307,795)

$ 13,344,828

$ (3,287,395,821)

Company Selected Measure Amount

0.12

0.10

0.088

0.067

Douglas P. Pferdehirt

Douglas P. Pferdehirt

Douglas P. Pferdehirt

Douglas P. Pferdehirt

Share Price | $ / shares

$ 12.19

$ 5.92

$ 20.14

Pay vs Performance Disclosure

Adjusted EBITDA Margin %

Non-GAAP Measure Description

(3)

Adjusted EBITDA Margin % is a non-GAAP measure and is defined as earnings before net interest expense, income taxes, depreciation, and amortization, excluding charges credits and foreign currency as a percentage of revenue. For reconciliation of adjusted EBITDA margin to their respective most directly comparable GAAP measures, please refer to “Appendix A - Reconciliation of Non-GAAP Measures” in this Proxy Statement.

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 45,568,542

$ 37,986,182

$ (6,678,556)

$ (10,552,325)

PEO | Amounts Reported Under the "Stock Awards" and "Option Awards" Columns in the SCT for Applicable FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(12,436,674)

(11,190,694)

(17,629,477)

(9,966,772)

PEO | ASC 718 Fair Value of Awards Granted During Applicable FY that Remain Unvested as of Applicable FY End, Determined as of Applicable FY End [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

20,095,969

19,141,491

10,615,778

7,435,271

PEO | Awards Granted During Prior FY that were Outstanding and Unvested as of Applicable FY End, Determined Based on Change in ASC 718 Fair Value from Prior FY End to Applicable FY End [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

34,462,881

26,110,894

335,348

(9,876,567)

PEO | Awards Granted During Prior FY that Vested During Applicable FY, Determined Based on Change in ASC 718 Fair Value from Prior FY End to Vesting Date [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

3,273,382

3,924,491

2,495,429

1,855,743

PEO | ASC 718 Fair Value of Awards Granted During Prior FY that were Forfeited During Applicable FY, Determined as of Prior FY End [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

0

PEO | Dividends or Other Earnings Paid During Applicable FY Prior to Vesting Date [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

172,984

0

0

0

PEO | Incremental Fair Value of Options/SARs Modified During Applicable FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

(2,495,633)

0

PEO | Change in the Actuarial Present Values Reported Under the "Change in Pension Value and Nonqualified Deferred Compensation Earnings" Column of the SCT for Applicable FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

0

PEO | Service Cost and, if Applicable, Prior Service Cost for Pension Plans [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

0

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

3,751,185

4,550,050

(1,640,281)

(1,457,416)

Non-PEO NEO | Amounts Reported Under the "Stock Awards" and "Option Awards" Columns in the SCT for Applicable FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,413,531)

(1,748,543)

(1,962,340)

(1,609,745)

Non-PEO NEO | ASC 718 Fair Value of Awards Granted During Applicable FY that Remain Unvested as of Applicable FY End, Determined as of Applicable FY End [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

2,284,074

2,990,851

1,206,646

1,145,923

Non-PEO NEO | Awards Granted During Prior FY that were Outstanding and Unvested as of Applicable FY End, Determined Based on Change in ASC 718 Fair Value from Prior FY End to Applicable FY End [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

3,592,217

3,032,829

25,645

(1,258,436)

Non-PEO NEO | Awards Granted During Prior FY that Vested During Applicable FY, Determined Based on Change in ASC 718 Fair Value from Prior FY End to Vesting Date [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

167,468

337,375

97,134

116,084

Non-PEO NEO | ASC 718 Fair Value of Awards Granted During Prior FY that were Forfeited During Applicable FY, Determined as of Prior FY End [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(868,951)

0

(827,001)

0

Non-PEO NEO | Dividends or Other Earnings Paid During Applicable FY Prior to Vesting Date [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

8,850

0

0

0

Non-PEO NEO | Incremental Fair Value of Options/SARs Modified During Applicable FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

(178,640)

0

Non-PEO NEO | Change in the Actuarial Present Values Reported Under the "Change in Pension Value and Nonqualified Deferred Compensation Earnings" Column of the SCT for Applicable FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(18,941)

(62,462)

(1,725)

148,758

Non-PEO NEO | Service Cost and, if Applicable, Prior Service Cost for Pension Plans [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 0

$ 0

$ 0

$ 0