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| Board Diversity Matrix (as of May 9, 2023) | | ||||||
| Board Size: | | | | | | | |
| Total Number of Directors | | | | | 11 | | |
| | | Female | | | Male | | | Non- Binary | | | Did Not Disclose Gender | | ||||||||||||
Part I: Gender Identity | | | | | | ||||||||||||||||||||
Directors | | | | | 4 | | | | | | 6 | | | | | | — | | | | | | 1 | | |
Part II: Demographic Background | | | | | | | | | | | | | | | | | | | | | | | | | |
African American or Black | | | | | 1 | | | | | | — | | | | | | — | | | | | | — | | |
Alaskan Native or Native American | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Asian | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Hispanic or Latinx | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Native Hawaiian or Pacific Islander | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
White | | | | | 3 | | | | | | 6 | | | | | | — | | | | | | — | | |
Two or More Races or Ethnicities | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
LGBTQ+ | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Did Not Disclose Demographic Background | | | | | — | | | | | | — | | | | | | — | | | | | | 1 | | |
| | | 2022 | | | 2021 | | ||||||
Audit Fees | | | | $ | 2,572,876(1) | | | | | $ | 2,134,402(2) | | |
Audit-Related Fees | | | | | — | | | | | | — | | |
Total Audit and Audit-Related Fees | | | | $ | 2,572,876 | | | | | $ | 2,134,402 | | |
Tax Fees | | | | | — | | | | | | — | | |
All Other Fees | | | | | — | | | | | | — | | |
Total Fees | | | | $ | 2,572,876 | | | | | $ | 2,134,402 | | |
Named Executive Officers | | | 2022 RSU Grants | | |||
Joseph Levin | | | | | — | | |
Andrew Russakoff | | | | $ | 4,699,997 | | |
Jeffrey W. Kip | | | | | — | | |
Kulesh Shanmugasundaram | | | | $ | 1,499,996 | | |
Shannon Shaw | | | | $ | 1,619,503 | | |
Oisin Hanrahan | | | | $ | 2,444,754 | | |
Jeff Pedersen | | | | | — | | |
Umang Dua | | | | $ | 7,999,997 | | |
| Prior to February 15, 2023 | | | | | 60% | | |
| On or after February 15, 2023, but prior to February 15, 2024 | | | | | 80% | | |
| On or after February 15, 2024 | | | | | 100% | | |
Name and Principal Position | | | Year | | | Salary ($) | | | Bonus ($) | | | Stock Awards ($)(1) | | | All Other Compensation ($)(2) | | | Total ($) | | ||||||||||||||||||
Joseph Levin Chief Executive Officer (effective October 10, 2022)(3) | | | | | 2022 | | | | | $ | 120,472 | | | | | $ | 330,000 | | | | | | — | | | | | | — | | | | | $ | 450,472 | | |
Andrew Russakoff Chief Financial Officer (effective June 9, 2022) | | | | | 2022 | | | | | $ | 192,134 | | | | | $ | 315,000 | | | | | $ | 4,699,997 | | | | | $ | 5,308 | | | | | $ | 5,212,439 | | |
Jeffrey W. Kip Chief Executive Officer, Home Advisor International | | | | | 2022 | | | | | $ | 575,000 | | | | | $ | 350,000 | | | | | | — | | | | | $ | 10,000 | | | | | $ | 935,000 | | |
| | | 2021 | | | | | $ | 575,000 | | | | | $ | 300,000 | | | | | | — | | | | | $ | 10,000 | | | | | $ | 885,000 | | | ||
| | | 2020 | | | | | $ | 597,115 | | | | | $ | 250,000 | | | | | $ | 754,798 | | | | | $ | 10,000 | | | | | $ | 1,611,913 | | | ||
Kulesh Shanmugasundaram Chief Technology Officer (effective March 25, 2021)(4) | | | | | 2022 | | | | | $ | 400,769 | | | | | $ | 250,000 | | | | | $ | 1,499,996 | | | | | $ | 8,250 | | | | | $ | 2,159,015 | | |
| | | 2021 | | | | | $ | 382,527 | | | | | $ | 250,000 | | | | | $ | 3,199,978 | | | | | $ | 8,087 | | | | | $ | 3,840,591 | | | ||
Shannon Shaw Chief Legal Officer | | | | | 2022 | | | | | $ | 400,000 | | | | | $ | 180,000 | | | | | $ | 1,619,503 | | | | | $ | 8,250 | | | | | $ | 2,207,753 | | |
Oisin Hanrahan Former Chief Executive Officer (through October 10, 2022)(5) | | | | | 2022 | | | | | $ | 444,231 | | | | | $ | 1,250,000 | | | | | $ | 2,444,754 | | | | | $ | 618,111 | | | | | $ | 4,757,096 | | |
| | | 2021 | | | | | $ | 518,443 | | | | | $ | 700,000 | | | | | $ | 41,132,595 | | | | | $ | 8,250 | | | | | $ | 42,359,288 | | | ||
| | | 2020 | | | | | $ | 340,577 | | | | | $ | 500,000 | | | | | $ | 7,068,714 | | | | | $ | 8,250 | | | | | $ | 7,917,541 | | | ||
Jeff Pedersen Former Chief Financial Officer (through June 9, 2022)(6) | | | | | 2022 | | | | | $ | 272,221 | | | | | $ | 500,000 | | | | | | — | | | | | $ | 8,250 | | | | | $ | 780,471 | | |
| | | 2021 | | | | | $ | 226,027 | | | | | $ | 226,027 | | | | | $ | 9,499,999 | | | | | $ | 5,679 | | | | | $ | 9,957,733 | | | ||
Umang Dua Former Chief Revenue Officer – Services (through December 5, 2022)(7) | | | | | 2022 | | | | | $ | 400,000 | | | | | $ | 250,000 | | | | | $ | 7,999,997 | | | | | $ | 7,789 | | | | | $ | 8,657,786 | | |
| | | 2021 | | | | | $ | 372,330 | | | | | $ | 400,000 | | | | | $ | 10,822,469 | | | | | | — | | | | | $ | 11,594,799 | | |
Name | | | Grant Date | | | All Other Stock Awards: Number of Shares of Stock or Units (#) | | | Grant Date Fair Value of Stock and Option Awards ($)(1) | | |||||||||
Joseph Levin(2) | | | | | — | | | | | | — | | | | | | — | | |
Andrew Russakoff(3) | | | | | 6/9/2022 | | | | | | 921,568 | | | | | $ | 4,699,997 | | |
Jeffrey W. Kip | | | | | — | | | | | | — | | | | | | — | | |
Kulesh Shanmugasundaram(4) | | | | | 3/1/2022 | | | | | | 212,464 | | | | | $ | 1,499,996 | | |
Shannon Shaw(5) | | | | | 5/20/2022 | | | | | | 323,254 | | | | | $ | 1,619,503 | | |
Oisin Hanrahan(6) | | | | | 10/10/2022 | | | | | | 828,730 | | | | | $ | 2,444,754 | | |
Jeff Pedersen | | | | | — | | | | | | — | | | | | | — | | |
Umang Dua(7) | | | | | 3/1/2022 | | | | | | 1,133,144 | | | | | $ | 7,999,997 | | |
| | | Angi Stock Awards(1) | | |||||||||
Name | | | Number of shares or units of stock that have not vested (#) | | | Market value of share or units of stock that have not vested ($) | | ||||||
Joseph Levin(2) | | | | | — | | | | | | — | | |
Andrew Russakoff(3) | | | | | 921,568 | | | | | $ | 2,165,685 | | |
Jeffrey W. Kip(4) | | | | | 73,855 | | | | | $ | 173,559 | | |
Kulesh Shanmugasundaram(5) | | | | | 371,906 | | | | | $ | 873,979 | | |
Shannon Shaw(6) | | | | | 577,599 | | | | | $ | 1,357,358 | | |
Oisin Hanrahan(7) | | | | | 828,730 | | | | | $ | 1,947,516 | | |
Jeff Pedersen | | | | | — | | | | | | — | | |
Umang Dua(8) | | | | | 1,712,062 | | | | | $ | 4,023,346 | | |
IAC Stock Price | | | Number of Shares Vesting | | |||
less than $110.22 | | | | | 0 | | |
$110.22 | | | | | 500,000 | | |
$140.25 | | | | | 2,000,000 | | |
$177.45 | | | | | 2,750,000 | | |
$223.32 or greater | | | | | 3,000,000 | | |
| | | Stock Awards | | |||||||||
Name | | | Number of Shares Acquired Upon Vesting (#) | | | Value Realized Upon Vesting ($) | | ||||||
Joseph Levin(1) | | | | | — | | | | | | — | | |
Andrew Russakoff | | | | | — | | | | | | — | | |
Jeffrey W. Kip | | | | | 36,928 | | | | | $ | 326,813 | | |
Kulesh Shanmugasundaram | | | | | 61,618 | | | | | $ | 301,863 | | |
Shannon Shaw | | | | | 98,163 | | | | | $ | 523,727 | | |
Oisin Hanrahan(2) | | | | | 1,571,129 | | | | | $ | 4,842,120 | | |
Jeff Pedersen(3) | | | | | 479,094 | | | | | $ | 2,491,289 | | |
Umang Dua | | | | | 369,275 | | | | | $ | 2,093,789 | | |
Name and Benefit(1) | | | Qualifying Termination | | | Qualifying Termination During the Two-Year Period Following a Change in Control | | ||||||
Joseph Levin | | | | | — | | | | | | — | | |
Andrew Russakoff | | | | | | | | | | | | | |
Continued Salary | | | | $ | 400,000 | | | | | $ | 400,000 | | |
Market Value of Angi RSUs that would vest(2) | | | | $ | 930,783 | | | | | $ | 2,165,685 | | |
Total Estimated Incremental Value | | | | $ | 1,330,783 | | | | | $ | 2,565,685 | | |
Jeffrey W. Kip | | | | | | | | | | | | | |
Continued Salary | | | | $ | 575,000 | | | | | $ | 575,000 | | |
Market Value of Angi RSUs that would vest(2) | | | | | — | | | | | $ | 173,559 | | |
Total Estimated Incremental Value | | | | $ | 575,000 | | | | | $ | 748,559 | | |
Kulesh Shanmugasundaram | | | | | | | | | | | | | |
Continued Salary | | | | $ | 500,000 | | | | | $ | 500,000 | | |
Market Value of Angi RSUs that would vest(2) | | | | $ | 311,232 | | | | | $ | 873,979 | | |
Total Estimated Incremental Value | | | | $ | 811,232 | | | | | $ | 1,373,979 | | |
Shannon Shaw | | | | | | | | | | | | | |
Continued Salary | | | | $ | 400,000 | | | | | $ | 400,000 | | |
Market Value of Angi RSUs that would vest(2) | | | | $ | 683,864 | | | | | $ | 1,357,358 | | |
Total Estimated Incremental Value | | | | $ | 1,083,864 | | | | | $ | 1,757,358 | | |
Umang Dua | | | | | | | | | | | | | |
Continued Salary | | | | $ | 400,000 | | | | | $ | 400,000 | | |
Bonus(3) | | | | $ | 250,000 | | | | | $ | 250,000 | | |
COBRA Payments(4) | | | | $ | 38,389 | | | | | $ | 38,389 | | |
Market Value of Angi RSUs that would vest(2) | | | | $ | 1,109,538 | | | | | $ | 4,023,346 | | |
Total Estimated Incremental Value | | | | $ | 1,797,927 | | | | | $ | 4,711,735 | | |
Year | | | Summary Compensation Table Total for First CEO(1) ($) | | | Compensation Actually Paid to First CEO(2) ($) | | | Summary Compensation Table Total for Second CEO(1) ($) | | | Compensation Actually Paid to Second CEO(2) ($) | | | Average Summary Compensation Table Total for Non-CEO NEOs(3) ($) | | | Average Compensation Actually Paid to Non-CEO NEOs(4) ($) | | | Value of Initial Fixed $100 Investment based on: | | | GAAP Net Loss | | ||||||||||||||||||||||||||||||
| Company TSR(5) ($) | | | Industry Index TSR(5) ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | | | | $ | 450,472 | | | | | $ | 450,472 | | | | | $ | 4,757,096 | | | | | $ | (24,589,004) | | | | | $ | 3,325,411 | | | | | $ | (698,811) | | | | | $ | 27.74 | | | | | $ | 131.58 | | | | | $ | (128,450,000) | | |
2021 | | | | $ | 145,647 | | | | | $ | (37,072,235) | | | | | $ | 42,359,288 | | | | | $ | 18,303,213 | | | | | $ | 6,042,094 | | | | | $ | 3,143,274 | | | | | $ | 108.74 | | | | | $ | 201.23 | | | | | $ | (71,378,000) | | |
2020 | | | | $ | 11,911,322 | | | | | $ | 41,296,389 | | | | | | — | | | | | | — | | | | | $ | 3,284,792 | | | | | $ | 10,176,061 | | | | | $ | 155.79 | | | | | $ | 146.70 | | | | | $ | (6,283,000) | | |
Year | | | Summary Compensation Table Total for First CEO ($) | | | Minus Reported Value of Equity Awards for First CEO ($) | | | Plus Equity Award Adjustments for First CEO(a) ($) | | | Compensation Actually Paid to First CEO ($) | | | Summary Compensation Table Total for Second CEO ($) | | | Minus Reported Value of Equity Awards for Second CEO ($) | | | Plus Equity Award Adjustments for Second CEO(b) ($) | | | Compensation Actually Paid to Second CEO ($) | | ||||||||||||||||||||||||
2022 | | | | $ | 450,472 | | | | | | — | | | | | | — | | | | | $ | 450,472 | | | | | $ | 4,757,096 | | | | | $ | 2,444,754 | | | | | $ | (26,901,346) | | | | | $ | (24,589,004) | | |
2021 | | | | $ | 145,647 | | | | | | — | | | | | $ | (37,217,882) | | | | | $ | (37,072,235) | | | | | $ | 42,359,288 | | | | | $ | 41,132,595 | | | | | $ | 17,076,520 | | | | | $ | 18,303,213 | | |
2020 | | | | $ | 11,911,322 | | | | | $ | 10,603,072 | | | | | $ | 39,988,139 | | | | | $ | 41,296,389 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Year | | | Year End Fair Value of Equity Awards Granted in the Year ($) | | | Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards ($) | | | Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in Year ($) | | | Fair Value at End of Prior Year of Equity Awards that Failed to Meet Vesting Conditions in Year ($) | | | Total Equity Award Adjustments ($) | | |||||||||||||||
2022 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
2021 | | | | | — | | | | | | — | | | | | $ | 3,081,139 | | | | | $ | (40,299,021) | | | | | $ | (37,217,882) | | |
2020 | | | | $ | 29,235,581 | | | | | $ | 10,261,258 | | | | | $ | 1,427,353 | | | | | $ | (936,054) | | | | | $ | 39,988,139 | | |
Year | | | Year End Fair Value of Equity Awards Granted in the Year ($) | | | Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards ($) | | | Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in Year ($) | | | Fair Value at End of Prior Year of Equity Awards that Failed to Meet Vesting Conditions in Year ($) | | | Total Equity Award Adjustments ($) | | |||||||||||||||
2022 | | | | $ | 1,947,516 | | | | | | — | | | | | $ | (9,627,979) | | | | | $ | (19,220,883) | | | | | $ | (26,901,346) | | |
2021 | | | | $ | 22,438,913 | | | | | $ | (4,868,566) | | | | | $ | 631,068 | | | | | $ | (1,124,894) | | | | | $ | 17,076,520 | | |
2020 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Year | | | Average Reported Summary Compensation Table Total for Non-CEO NEOs ($) | | | Minus Average Reported Value of Equity Awards ($) | | | Plus Average Equity Award Adjustments(x) ($) | | | Average Compensation Actually Paid to Non-CEO NEOs ($) | | ||||||||||||
2022 | | | | $ | 3,325,411 | | | | | $ | 2,636,582 | | | | | $ | (1,387,640) | | | | | $ | (698,811) | | |
2021 | | | | $ | 6,042,094 | | | | | $ | 5,604,489 | | | | | $ | 2,705,669 | | | | | $ | 3,143,274 | | |
2020 | | | | $ | 3,284,792 | | | | | $ | 2,470,462 | | | | | $ | 9,361,731 | | | | | $ | 10,176,061 | | |
Year | | | Average Year End Fair Value of Equity Awards Granted in the Year ($) | | | Year over Year Average Change in Fair Value of Outstanding and Unvested Equity Awards ($) | | | Average Fair Value as of Vesting Date of Equity Awards Granted and Vested in Year ($) | | | Year over Year Average Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($) | | | Average Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year ($) | | | Total Average Equity Award Adjustments ($) | | ||||||||||||||||||
2022 | | | | $ | 1,014,585 | | | | | $ | (1,219,434) | | | | | | — | | | | | $ | (647,948) | | | | | $ | (534,843) | | | | | $ | (1,387,640) | | |
2021 | | | | $ | 4,460,786 | | | | | | — | | | | | | — | | | | | $ | 212,492 | | | | | $ | (1,967,609) | | | | | $ | 2,705,669 | | |
2020 | | | | $ | 5,652,210 | | | | | $ | 494,359 | | | | | $ | 980,589 | | | | | $ | 2,983,946 | | | | | $ | (748,843) | | | | | $ | 9,361,731 | | |
Name | | | Fees Earned or Paid in Cash($)(1) | | | Stock Awards($)(2)(3)(4) | | | Total($) | | |||||||||
Thomas R. Evans | | | | $ | 85,000 | | | | | $ | 249,997 | | | | | $ | 334,997 | | |
Alesia J. Haas | | | | $ | 85,000 | | | | | $ | 249,997 | | | | | $ | 334,997 | | |
Sandra Hurse | | | | $ | 55,000 | | | | | $ | 249,997 | | | | | $ | 304,997 | | |
Jeremy Philips | | | | $ | 60,000 | | | | | $ | 249,997 | | | | | $ | 309,997 | | |
Glenn H. Schiffman | | | | $ | 50,000 | | | | | $ | 249,997 | | | | | $ | 299,997 | | |
Suzy Welch | | | | $ | 55,000 | | | | | $ | 249,997 | | | | | $ | 304,997 | | |
Plan Category | | | Number of Securities to be Issued upon Exercise of Outstanding Options, Warrants and Rights(A)(1) | | | Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights(B) | | | Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (A))(C) | | |||||||||
Equity compensation plans approved by security holders(2) | | | | | 22,776,585(3) | | | | | $ | 9.26 | | | | | | 22,368,431 (4) | | |
Equity compensation plans not approved by security holders | | | | | — | | | | | | — | | | | | | — | | |
Total | | | | | 22,776,585 (3) | | | | | $ | 9.26 | | | | | | 22,368,431 (4) | | |
| | | Angi Class A Common Stock | | | Angi Class B Common Stock | | | Percent of Votes | | |||||||||||||||||||||
Name and Address of Beneficial Owner | | | # of Shares Owned | | | % of Class Owned | | | # of Shares Owned | | | % of Class Owned | | | (All Classes) % | | |||||||||||||||
IAC Inc. 555 West 18th Street New York, NY 10011 | | | | | 424,607,427(1) | | | | | | 83.9% | | | | | | 422,019,247(1) | | | | | | 100% | | | | | | 98.1% | | |
Brown Advisory Incorporated 901 South Bond Street Suite 400 Baltimore, Maryland 21231 | | | | | 9,383,681(2) | | | | | | 11.1% | | | | | | — | | | | | | — | | | | | | * | | |
The Vanguard Group 100 Vanguard Blvd. Malvern, PA 19355 | | | | | 6,444,778(3) | | | | | | 7.7% | | | | | | — | | | | | | — | | | | | | * | | |
SQN Investors LP et al 201 Redwood Shores Parkway Suite 242 Redwood City, CA 94065 | | | | | 4,562,716(4) | | | | | | 5.4% | | | | | | — | | | | | | — | | | | | | * | | |
Angela R. Hicks Bowman | | | | | 770,109(5) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Umang Dua | | | | | 965,443 (6) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Thomas R. Evans | | | | | 101,405(7) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Alesia J. Haas | | | | | 70,469(8) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Christopher Halpin | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Kendall Handler | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Oisin Hanrahan | | | | | 689,811 (6) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Sandra Buchanan Hurse | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Jeffrey W. Kip | | | | | 75,552(6) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Joseph Levin | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Jeff Pedersen | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Jeremy Philips | | | | | 23,493(9) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Andrew Russakoff | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Glenn H. Schiffman | | | | | 6,195(6) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Kulesh Shanmugasundaram | | | | | 81,023 (6) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Shannon Shaw | | | | | 328,604(6) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Mark Stein | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Suzy Welch | | | | | 95,579(10) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
All current directors, director nominees and executive officers as a group (17) persons | | | | | 1,620,364 | | | | | | 1.9% | | | | | | — | | | | | | — | | | | | | * | | |