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|
TIME
|
| | 1:00 P.M. Eastern Time on Wednesday, May 10, 2023 | |
|
PLACE
|
| | http://web.lumiagm.com/271307858 | |
|
RECORD DATE
|
| | You are entitled to vote only if you were a stockholder of record at the close of business on March 15, 2023. | |
| | |
Proposal
|
| |
Board Recommendation
|
| |
See Page
|
|
(1) | | | To elect six directors for a one-year term expiring at the 2023 annual meeting of stockholders once their respective successors have been duly elected and qualified or until their earlier resignation or removal. | | | FOR each Nominee | | |
7
|
|
(2) | | | To ratify the appointment of Ernst & Young LLP as independent auditors for our 2023 fiscal year. | | | FOR | | |
20
|
|
(3) | | | To approve, by non-binding vote, the compensation paid to our named executive officers for the fiscal year ended December 29, 2022, as disclosed in these proxy materials (commonly known as a “say-on-pay” proposal). | | | FOR | | |
56
|
|
(4) | | | To approve an amendment to the Company’s 2017 Stock Incentive Plan to increase the number of shares reserved for issuance by 4,000,000 shares, such that the total number of shares reserved for issuance is 9,000,000 shares. | | | FOR | | |
58
|
|
(5) | | | To transact such other business as may properly be brought before the Annual Meeting or any adjournment or postponement thereof. | | | FOR | | |
70
|
|
Name
|
| |
Age
|
| |
Director Since
|
| |
Principal Occupation
|
| |
Committees
|
|
Dwight James | | |
49
|
| | September 2021 | | | Senior Vice President, Delta Air Lines, Inc. | | | Nominating and Corporate Governance Committee | |
Melissa Kersey | | |
48
|
| | Nominee | | | EVP & CHRO, Tractor Supply Company | | |
Compensation Committee
|
|
Peter Starrett | | |
75
|
| | November 2010 | | | Former President, Warner Bros. Studio Stores Worldwide | | |
Compensation Committee
|
|
Thomas V. Taylor | | |
57
|
| | December 2012 | | | CEO of Floor & Decor Holdings, Inc. | | | None | |
George Vincent West | | |
68
|
| | 2000 | | | Founder, Floor & Decor | | | None | |
Charles Young | | |
54
|
| | January 2021 | | | Chief Operating Officer of Invitation Homes Inc. | | | Nominating and Corporate Governance Committee | |
| | |
Proposal
|
| |
Vote Required
|
|
1 | | | The election of six directors | | | A “FOR” vote by a majority of votes cast | |
2 | | | The ratification of EY as independent auditors for our 2023 fiscal year | | | A “FOR” vote by a majority of votes cast | |
3 | | | The Say-On-Pay Proposal | | | A “FOR” vote by a majority of votes cast | |
4 | | | The amendment of the 2017 Stock Incentive Plan | | | A “FOR” vote by a majority of votes cast | |
Skills & Experience
|
| |
Norman
Axelrod |
| |
William T.
Giles |
| |
Dwight
James |
| |
Melissa
Kersey |
| |
Ryan
Marshall |
| |
Richard L.
Sullivan |
| |
Peter M.
Starrett |
| |
Thomas V.
Taylor, Jr. |
| |
Felicia D.
Thornton |
| |
George
Vincent West |
| |
Charles
Young |
| |||||||||||||||||||||||||||||||||
Audit & Financial Expertise | | | | | | | | | | | X | | | | | | X | | | | | | | | | | | | X | | | | | | X | | | | | | X | | | | | | | | | | | | X | | | | | | X | | | | | | | | |
Corporate Strategy & Business Development
|
| | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | |
Corporate Governance | | | | | | | | | | | | | | | | | | | | | | | X | | | | | | X | | | | | | | | | | | | X | | | | | | | | | | | | X | | | | | | | | | | | | | | |
Ethics/Social Responsibility
Oversight |
| | | | | | | | | | X | | | | | | | | | | | | X | | | | | | X | | | | | | | | | | | | | | | | | | | | | | | | X | | | | | | | | | | | | | | |
Consumer Goods | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | | | |
Retail Chains | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | | | |
CEO | | | | | X | | | | | | | | | | | | X | | | | | | | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | | | |
Mergers & Acquisitions | | | | | | | | | | | X | | | | | | X | | | | | | | | | | | | X | | | | | | | | | | | | | | | | | | | | | | | | X | | | | | | | | | | | | X | | |
Risk Oversight | | | | | | | | | | | | | | | | | | | | | | | | | | | | | X | | | | | | | | | | | | | | | | | | | | | | | | X | | | | | | | | | | | | | | |
Company Founder | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | X | | | | | | | | |
Real Estate | | | | | X | | | | | | X | | | | | | | | | | | | | | | | | | X | | | | | | | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | |
Home Improvement | | | | | | | | | | | | | | | | | X | | | | | | | | | | | | | | | | | | X | | | | | | | | | | | | X | | | | | | | | | | | | X | | | | | | | | |
High Growth | | | | | X | | | | | | | | | | | | X | | | | | | X | | | | | | | | | | | | X | | | | | | X | | | | | | X | | | | | | | | | | | | X | | | | | | X | | |
Digital/Omni-Channel | | | | | | | | | | | X | | | | | | X | | | | | | | | | | | | | | | | | | X | | | | | | X | | | | | | | | | | | | X | | | | | | | | | | | | | | |
Human Capital/Compensation Oversight | | | | | X | | | | | | | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | |
International | | | | | | | | | | | X | | | | | | X | | | | | | | | | | | | | | | | | | | | | | | | X | | | | | | X | | | | | | X | | | | | | | | | | | | | | |
Commercial or B-to-B | | | | | | | | | | | X | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | X | | | | | | X | | | | | | X | | | | | | | | |
Demographic Background | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Years on Board | | | | | 12.3 | | | | | | 1.9 | | | | | | 1.5 | | | | | | 0 | | | | | | 2.2 | | | | | | 5.9 | | | | | | 12.3 | | | | | | 10.3 | | | | | | 5.9 | | | | | | 23 | | | | | | 2.2 | | |
Skills & Experience
|
| |
Norman
Axelrod |
| |
William T.
Giles |
| |
Dwight
James |
| |
Melissa
Kersey |
| |
Ryan
Marshall |
| |
Richard L.
Sullivan |
| |
Peter M.
Starrett |
| |
Thomas V.
Taylor, Jr. |
| |
Felicia D.
Thornton |
| |
George
Vincent West |
| |
Charles
Young |
| |||||||||||||||||||||||||||||||||
Gender | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Male | | | | | X | | | | | | X | | | | | | X | | | | | | | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | | | | | | | X | | | | | | X | | |
Female | | | | | | | | | | | | | | | | | | | | | | | X | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | X | | | | | | | | | | | | | | |
Age | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Age | | | | | 70 | | | | | | 63 | | | | | | 49 | | | | | | 48 | | | | | | 48 | | | | | | 66 | | | | | | 75 | | | | | | 57 | | | | | | 59 | | | | | | 68 | | | | | | 54 | | |
Race/Ethnicity | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
African American/Black | | | | | | | | | | | | | | | | | X | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | X | | |
Asian, Hawaiian, or Pacific Islander | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
White/Caucasian | | | | | X | | | | | | X | | | | | | | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | X | | | | | | | | | | | | X | | | | | | | | |
Hispanic/Latino | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | X | | | | | | | | | | | | | | |
Number of Public Boards
|
| | | | 2 | | | | | | 2 | | | | | | 2 | | | | | | 0 | | | | | | 2 | | | | | | 1 | | | | | | 2 | | | | | | 2 | | | | | | 3 | | | | | | 1 | | | | | | 1 | | |
| | |
Fiscal 2022
|
| |
Fiscal 2021
|
| ||||||
Audit Fees
|
| | | $ | 2,057,083(1) | | | | | $ | 1,933,898(1) | | |
Audit-related Fees
|
| | | | 30,038(2) | | | | | | 330,720(2) | | |
Tax Fees
|
| | | | 224,978(3) | | | | | | 103,993(3) | | |
All Other Fees
|
| | | | — | | | | | | — | | |
| | | | $ | 2,312,099 | | | | | $ | 2,368,611 | | |
Name
|
| |
Age
|
| |
Position
|
|
Thomas V. Taylor
|
| |
57
|
| | Chief Executive Officer and a Director | |
Bryan H. Langley
|
| |
37
|
| | Executive Vice President, Chief Financial Officer | |
Trevor S. Lang
|
| |
52
|
| | President | |
David V. Christopherson
|
| |
48
|
| | Executive Vice President, Secretary and General Counsel | |
Brian K. Robbins
|
| |
65
|
| |
Executive Vice President, Business Development Strategy
|
|
Steven A. Denny
|
| |
59
|
| | Executive Vice President, Store Operations | |
Ersan Sayman
|
| |
50
|
| | Executive Vice President, Merchandising | |
|
Core Principles
|
| |||
|
Simplicity and Transparency
|
| | Base salary, incentive compensation and equity awards should be easy for executives and for our shareholders to understand. | |
|
Linked to our Strategy
|
| | Our pay design should create a direct bridge to our strategy, and clearly reflect our key short- and long-term business objectives. | |
| Attractive Compensation for Top Talent | | |
Pay quantums and design should be compelling enough to attract the best talent we can to support the successful execution of our strategies.
|
|
|
Pay for Performance
|
| | Compensation should be paid only when financial performance levels achieved align with the strategic and financial priorities set by the Board. | |
|
Appropriate Risk Orientation
|
| | The more senior a role, the more the total mix of that role’s compensation should be “at risk.” However, our compensation programs are designed in a manner that is intended to provide for performance-based compensation that is both challenging and achievable, and that does not encourage excessive or unnecessary risk-taking. | |
|
What We Do
|
| |
What We Don’t Do
|
|
|
✓
Pay-for-Performance: Majority of fiscal year pay is performance-based and not guaranteed
✓
Annual Compensation Risk Review: Our Compensation Committee annually assesses risk in compensation programs associated with regulatory, stockholder and market changes
✓
Share Ownership Guidelines: We maintain meaningful share ownership guidelines
✓
Annual Assessment of Compensation Program: Our Compensation Committee annually assesses the design and alignment of our incentive plans in relation to performance goals, business strategy, organizational priorities and shareholder interests
✓
Maximum Payouts: We limit both short-term and long-term incentive payouts as a percentage of target awards
✓
Clawback Policy: All cash-based incentive or performance-based equity compensation granted to our NEOs is subject to our Clawback Policy
|
| |
X
No Excise Tax Gross-ups: The Company does not provide any excise tax gross-up payments in connection with a change in control
X
No Tax Gross-ups for Perquisites: The Company does not provide tax gross-ups to NEOs for the limited perquisites we provide
X
No Hedging or Pledging: NEOs are prohibited from engaging in hedging transactions, pledging Company stock as collateral and similar arrangements with respect to the Company’s securities
X
No Problematic Option Practices: The Company does not have a practice of granting discounted stock options, extending the original option term, or repricing or exchanging underwater options
|
|
Name
|
| |
Fiscal 2021
Base Salary |
| |
Fiscal 2022
Base Salary |
| ||||||
Thomas V. Taylor
|
| | | $ | 1,000,000 | | | | | $ | 1,030,000 | | |
Bryan H. Langley
|
| | | $ | 260,000(1) | | | | | $ | 375,000 | | |
Trevor S. Lang
|
| | | $ | 483,000 | | | | | $ | 575,000 | | |
David V. Christopherson
|
| | | $ | 400,000 | | | | | $ | 450,000 | | |
Brian K. Robbins
|
| | | $ | 432,600 | | | | | $ | 450,000 | | |
Name
|
| |
Target 2022 Bonus as a %
of Base Salary |
| |||
Thomas V. Taylor
|
| | | | 125% | | |
Bryan H. Langley
|
| | | | 60% | | |
Trevor S. Lang
|
| | | | 70% | | |
David V. Christopherson
|
| | | | 65% | | |
Brian K. Robbins
|
| | | | 65% | | |
Performance Metric
|
| |
Target
($s in millions) |
| |
Actual
($s in millions) |
| |
Percentage of
Target (%) |
| |
Weighting
(%) |
| |
Payout
(%) |
| |||||||||||||||
Net Sales
|
| | | $ | 4,340.6 | | | | | $ | 4,264.5 | | | | | | 98% | | | | | | 20% | | | | | | 70.8% | | |
Operating Income*
|
| | | $ | 413.2 | | | | | $ | 402.1 | | | | | | 97% | | | | | | 80% | | | | | | 80.6% | | |
Name
|
| |
Target Annual
Incentive |
| |
Target Annual
Incentive % |
| |
Annual Incentive
Payout |
| |
Actual Payout
Percentage |
| ||||||||||||
Thomas V. Taylor
|
| | | $ | 1,281,731 | | | | | | 125% | | | | | $ | 1,007,880 | | | | | | 78.6% | | |
Bryan H. Langley
|
| | | $ | 137,557 | | | | | | 60% | | | | | $ | 116,373 | | | | | | 84.6%(1) | | |
Trevor S. Lang
|
| | | $ | 375,765 | | | | | | 70% | | | | | $ | 295,481 | | | | | | 78.6%(2) | | |
David V. Christopherson
|
| | | $ | 287,500 | | | | | | 65% | | | | | $ | 226,074 | | | | | | 78.6% | | |
Brian K. Robbins
|
| | | $ | 290,760 | | | | | | 65% | | | | | $ | 228,637 | | | | | | 78.6% | | |
Name
|
| |
RSUs
Granted (#) |
| |
PSUs
Granted (#)* |
| ||||||
Thomas V. Taylor
|
| | | | 18,851 | | | | | | 18,851 | | |
Bryan H. Langley
|
| | | | 11,165(1) | | | | | | 449 | | |
Trevor S. Lang
|
| | | | 4,746(2) | | | | | | 3,661 | | |
David V. Christopherson
|
| | | | 3,138 | | | | | | 3,138 | | |
Brian K. Robbins
|
| | | | 2,876 | | | | | | 2,876 | | |
Adjusted EBIT
|
| |
Percentage of
PSUs Vested |
| |||
Less than $535,400,000
|
| | | | 0% | | |
Equal to or greater than $535,400,000
But less than $607,100,000 |
| | | | 50% | | |
Equal to or greater than $607,100,000
But less than $686,300,000 |
| | | | 100% | | |
Equal to or greater than $686,300,000
But less than $772,500,000 |
| | | | 125% | | |
Equal to or greater than $772,500,000
|
| | | | 200% | | |
Name
|
| |
RSUs
Granted (#) |
| |
PSUs
Granted (#)* |
| ||||||
Thomas V. Taylor
|
| | | | 20,525 | | | | | | 20,525 | | |
Bryan H. Langley
|
| | | | 2,767 | | | | | | 2,767 | | |
Trevor S. Lang
|
| | | | 4,426 | | | | | | 4,426 | | |
David V. Christopherson
|
| | | | 3,873 | | | | | | 3,873 | | |
Brian K. Robbins
|
| | | | 3,043 | | | | | | 3,043 | | |
Element
|
| |
Percentage of PSUs Vested
|
| ||||||||||||
| | |
0%
|
| |
50%
|
| |
100%
|
| |
150%
|
| |
200%
|
|
Adjusted EBIT | | |
Less than
$570,000,000 |
| |
$570,000,000
— less than $620,600,000* |
| |
$620,600,000
— less than $695,200,000** |
| |
$695,200,000
— less than $765,800,000*** |
| |
$765,800,000+****
|
|
Three-Year Average ROIC
|
| |
Less than 13.0%
|
| |
Equal to or greater than 13.0%
|
|
|
Adjusted EBIT
|
| |
Threshold (50% of Adjusted EBIT/Average Adjusted EBIT ROIC PSUs)
|
| |
Target (100% of Adjusted EBIT/Average Adjusted EBIT ROIC PSUs)
|
| |
Maximum (150% of Adjusted EBIT/Average Adjusted EBIT ROIC PSUs)
|
|
|
Average
Adjusted EBIT ROIC |
| |
Equal to $610.3M but less than $693M*
|
| |
Equal to $693 but less than $783.2M**
|
| |
Equal to or greater than $783.2M***
|
|
| | | |
Equal to or greater than 13.0%
|
| | | | | | |
|
rTSR
|
| |
Threshold (50% of rTSR PSUs)
|
| |
Target (100% of
rTSR PSUs) |
| |
Maximum (150% of rTSR PSUs)
|
|
|
35th Percentile
|
| |
55th Percentile
|
| |
75th Percentile
|
|
|
Beacon Roofing Supply, Inc.
Williams-Sonoma, Inc. Ulta Beauty, Inc. Tractor Supply Company Haverty Furniture Companies, Inc. Ethan Allen Interiors Inc. The Home Depot, Inc. Interface, Inc. Trex Company, Inc. The Sherwin-Williams Company |
| |
SiteOne Landscape Supply, Inc.
Five Below, Inc. Sleep Number Corporation Lowe’s Companies, Inc. Mohawk Industries ,inc. LL Flooring Holdings, Inc. Tile Shop Holdings, Inc. The Aaron’s Company, Inc. Ferguson plc |
|
Name
|
| |
Special PSUs
Granted (#)* |
| |
Adjusted EBIT /
Average Adjusted EBIT ROIC PSUs (#)* |
| |
rTSR PSUs
(#)* |
| |
Service PSUs
(#)* |
| ||||||||||||
Thomas V. Taylor
|
| | | | 107,322 | | | | | | 49,790 | | | | | | 21,019 | | | | | | 36,513 | | |
Bryan H. Langley
|
| | | | 10,733 | | | | | | 4,979 | | | | | | 2,102 | | | | | | 3,652 | | |
Trevor S. Lang
|
| | | | 85,857 | | | | | | 39,832 | | | | | | 16,815 | | | | | | 29,210 | | |
David V. Christopherson
|
| | | | 32,197 | | | | | | 14,937 | | | | | | 6,306 | | | | | | 10,954 | | |
Brian K. Robbins
|
| | | | 21,465 | | | | | | 9,958 | | | | | | 4,204 | | | | | | 7,303 | | |
|
Beacon Roofing Supply, Inc.
Williams-Sonoma, Inc. Ulta Beauty, Inc. Lululemon Athletica Inc. Pool Corporation Tempur Sealy International, Inc. RH |
| |
Site One Landscape Supply, Inc.
Deckers Outdoor Corporation Five Below, Inc. Sleep Number Corporation Ollie’s Bargain Outlet Holdings, Inc. Etsy, Inc. Hibbett, Inc. |
|
|
Group
|
| |
Required ownership
|
|
|
Chief Executive Officer
|
| |
5 times annual base salary
|
|
|
Executive Vice Presidents / President
|
| |
3 times annual base salary
|
|
|
Senior Vice Presidents
|
| |
2 times annual base salary
|
|
|
Non-employee directors
|
| |
5 times annual cash retainer
|
|
Name and Principal Position
|
| |
Fiscal
Year |
| |
Salary
($) |
| |
Bonus
($) |
| |
Stock
Awards ($)(3) |
| |
Option
awards ($)(4) |
| |
Non-equity
incentive plan Compensation ($) |
| |
All other
Compensation ($)(5) |
| |
Total ($)
|
| ||||||||||||||||||||||||
Thomas V. Taylor – Chief Executive Officer
|
| | | | 2022 | | | | | | 1,025,385 | | | | | | — | | | | | | 3,605,000 | | | | | | — | | | | | | 1,007,880 | | | | | | 644,049 | | | | | | 6,282,314 | | |
| | | 2021 | | | | | | 1,000,000 | | | | | | — | | | | | | 825,049 | | | | | | 824,938 | | | | | | 2,000,000 | | | | | | 493,674 | | | | | | 5,143,661 | | | ||
| | | 2020 | | | | | | 762,925 | | | | | | — | | | | | | 10,412,500 | | | | | | 1,237,500 | | | | | | 1,303,143 | | | | | | 213,447 | | | | | | 13,929,515 | | | ||
Bryan H. Langley – Executive Vice
President and Chief Financial Officer(1) |
| | | | 2022 | | | | | | 302,039 | | | | | | — | | | | | | 871,720 | | | | | | — | | | | | | 116,373 | | | | | | 5,700 | | | | | | 1,295,832 | | |
| | | 2021 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | ||
| | | 2020 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | ||
Trevor S. Lang – President(2)
|
| | | | 2022 | | | | | | 536,808 | | | | | | — | | | | | | 800,000 | | | | | | — | | | | | | 295,481 | | | | | | 8,058 | | | | | | 1,640,347 | | |
| | | 2021 | | | | | | 479,462 | | | | | | — | | | | | | 237,573 | | | | | | 237,474 | | | | | | 623,300 | | | | | | 8,475 | | | | | | 1,586,284 | | | ||
| | | 2020 | | | | | | 402,115 | | | | | | — | | | | | | 3,118,750 | | | | | | 356,250 | | | | | | 389,311 | | | | | | 6,763 | | | | | | 4,273,189 | | | ||
David V. Christopherson – Executive Vice
President, Secretary and General Counsel |
| | | | 2022 | | | | | | 442,308 | | | | | | — | | | | | | 600,000 | | | | | | — | | | | | | 226,074 | | | | | | 6,307 | | | | | | 1,274,689 | | |
| | | 2021 | | | | | | 396,154 | | | | | | | | | | | | 151,079 | | | | | | 151,010 | | | | | | 475,385 | | | | | | 6,385 | | | | | | 1,180,013 | | | ||
| | | 2020 | | | | | | 351,923 | | | | | | 40,000 | | | | | | 1,075,500 | | | | | | 226,500 | | | | | | 291,499 | | | | | | 6,231 | | | | | | 1,991,653 | | | ||
Brian K. Robbins – Executive Vice President, Business Development Strategy
|
| | | | 2022 | | | | | | 447,323 | | | | | | — | | | | | | 550,000 | | | | | | — | | | | | | 228,637 | | | | | | 12,700 | | | | | | 1,238,660 | | |
| | | 2021 | | | | | | 430,662 | | | | | | | | | | | | 151,079 | | | | | | 151,010 | | | | | | 516,794 | | | | | | 9,136 | | | | | | 1,258,681 | | | ||
| | | 2020 | | | | | | 396,769 | | | | | | 40,000 | | | | | | 1,575,500 | | | | | | 226,500 | | | | | | 328,544 | | | | | | 8,472 | | | | | | 2,575,785 | | |
Name
|
| |
Type of
Award |
| |
Grant
Date or Performance Period |
| |
Estimated Possible
Payouts Under Non-Equity Incentive Plan Awards(1) |
| |
Estimated Possible
Payouts Under Equity Incentive Plan Awards(2) |
| |
All
Other Stock Awards: Number of Shares of Stock or Units (#)(3) |
| |
Grant
Date Fair Value of Restricted Stock Awards ($)(4) |
| |||||||||||||||||||||||||||||||||||||||
|
Threshold
($) |
| |
Target
($) |
| |
Maximum
($) |
| |
Threshold
(#) |
| |
Target
(#) |
| |
Maximum
(#) |
| |||||||||||||||||||||||||||||||||||||||||
Thomas V. Taylor
|
| |
Annual Cash
Incentive Bonus |
| | | | 2/28/2022 | | | | | | — | | | | | | 1,281,731 | | | | | | 2,563,462 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | |
RSU
|
| | | | 2/28/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 18,851 | | | | | | 1,802,533 | | |
| | |
PSU
|
| | | | 2/28/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 18,851 | | | | | | 37,702 | | | | | | — | | | | | | 1,802,533 | | |
Bryan H. Langley
|
| |
Annual Cash
Incentive Bonus |
| | | | 2/28/2022 | | | | | | — | | | | | | 137,557 | | | | | | 275,114 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | |
RSU
|
| | | | 2/28/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,347 | | | | | | 128,800 | | |
| | |
PSU
|
| | | | 2/28/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 449 | | | | | | 898 | | | | | | — | | | | | | 42,933 | | |
| | |
RSU
|
| | | | 11/29/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 9,818 | | | | | | 700,023 | | |
Trevor S. Lang
|
| |
Annual Cash
Incentive Bonus |
| | | | 2/28/2022 | | | | | | — | | | | | | 375,765 | | | | | | 751,530 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | |
RSU
|
| | | | 2/28/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 3,661 | | | | | | 350,065 | | |
| | |
PSU
|
| | | | 2/28/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 3,661 | | | | | | 7,322 | | | | | | — | | | | | | 350,065 | | |
| | |
RSU
|
| | | | 8/8/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,085 | | | | | | 100,091 | | |
David V. Christopherson
|
| |
Annual Cash
Incentive Bonus |
| | | | 2/28/2022 | | | | | | — | | | | | | 287,500 | | | | | | 575,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | |
RSU
|
| | | | 2/28/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 3,138 | | | | | | 300,056 | | |
| | |
PSU
|
| | | | 2/28/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 3,138 | | | | | | 6,276 | | | | | | — | | | | | | 300,056 | | |
Brian K. Robbins
|
| |
Annual Cash
Incentive Bonus |
| | | | 2/28/2022 | | | | | | — | | | | | | 290,760 | | | | | | 581,520 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | |
RSU
|
| | | | 2/28/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,876 | | | | | | 275,003 | | |
| | |
PSU
|
| | | | 2/28/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,876 | | | | | | 5,752 | | | | | | — | | | | | | 275,003 | | |
| | |
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 yet vested |
| |
Market
value of shares or units of stock that have not yet vested |
| |
Equit
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 ($) |
| |||||||||||||||||||||||||||
Thomas V. Taylor(1) | | | | | 9/30/2016 | | | | | | 168,397 | | | | | | — | | | | | $ | 9.99 | | | | | | 9/30/2026 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 4/26/2017 | | | | | | 224,618 | | | | | | — | | | | | $ | 21.00 | | | | | | 4/26/2027 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 11/2/2018 | | | | | | 135,301 | | | | | | — | | | | | $ | 31.98 | | | | | | 11/2/2028 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 2/24/2020 | | | | | | 28,250 | | | | | | 28,250 | | | | | $ | 57.70 | | | | | | 2/24/2030 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 2/24/2020 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 3,575 | | | | | $ | 253,789 | | | | | | — | | | | | | — | | |
| | | | | 2/24/2020 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 43,328 | | | | | $ | 3,075,855 | | | | | | 143,117 | | | | | $ | 10,159,876 | | |
| | | | | 3/1/2021 | | | | | | 4,940 | | | | | | 14,819 | | | | | $ | 95.68 | | | | | | 3/1/2031 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 3/1/2021 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 6,467 | | | | | $ | 459,092 | | | | | | — | | | | | | — | | |
| | | | | 2/28/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 18,851 | | | | | $ | 1,338,232 | | | | | | 18,851 | | | | | $ | 1,338,232 | | |
Bryan H. Langley(2) | | | | | 5/20/2014 | | | | | | 2,575 | | | | | | — | | | | | $ | 5.26 | | | | | | 5/20/2024 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 7/13/2016 | | | | | | 3,110 | | | | | | — | | | | | $ | 7.59 | | | | | | 7/13/2026 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 9/30/2016 | | | | | | 1,159 | | | | | | — | | | | | $ | 9.99 | | | | | | 9/30/2026 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 4/26/2017 | | | | | | 2,830 | | | | | | — | | | | | $ | 21.00 | | | | | | 4/26/2027 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 11/6/2017 | | | | | | 2,512 | | | | | | — | | | | | $ | 40.48 | | | | | | 11/6/2027 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 11/2/2018 | | | | | | 4,101 | | | | | | — | | | | | $ | 31.98 | | | | | | 11/2/2028 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 5/6/2019 | | | | | | 3,444 | | | | | | 1,148 | | | | | $ | 44.05 | | | | | | 5/6/2029 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 2/24/2020 | | | | | | 1,210 | | | | | | 1,210 | | | | | $ | 57.70 | | | | | | 2/24/2030 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 2/24/2020 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 460 | | | | | $ | 32,655 | | | | | | — | | | | | | — | | |
| | | | | 11/2/2020 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 602 | | | | | $ | 42,736 | | | | | | — | | | | | | — | | |
| | | | | 3/1/2021 | | | | | | 214 | | | | | | 643 | | | | | $ | 95.68 | | | | | | 3/1/2031 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 3/1/2021 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 841 | | | | | $ | 59,703 | | | | | | — | | | | | | — | | |
| | | | | 2/28/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,347 | | | | | $ | 95,624 | | | | | | 449 | | | | | $ | 31,875 | | |
| | | | | 11/29/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 9,818 | | | | | $ | 696,980 | | | | | | | | | | | | | | |
Trevor S. Lang(3) | | | | | 9/30/2016 | | | | | | 13,000 | | | | | | — | | | | | $ | 9.99 | | | | | | 9/30/2026 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 4/26/2017 | | | | | | 44,116 | | | | | | — | | | | | $ | 21.00 | | | | | | 4/26/2027 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 11/2/2018 | | | | | | 38,951 | | | | | | — | | | | | $ | 31.98 | | | | | | 11/2/2028 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 2/24/2020 | | | | | | 8,132 | | | | | | 8,133 | | | | | $ | 57.70 | | | | | | 2/24/2030 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 2/24/2020 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,030 | | | | | $ | 73,120 | | | | | | — | | | | | | — | | |
| | | | | 2/24/2020 | | | | | |