| NOTICE OF 2023 ANNUAL MEETING OF STOCKHOLDERS | |
| Date and Time: Thursday, May 11, 2023, at 9:00 a.m., Eastern Time | |
| Place: Atlanta Airport Marriott, 4711 Best Road, Atlanta, Georgia 30337 | |
| Record Date: March 14, 2023 | |
| Business To Be Conducted: | |
| • Elect the two Class I nominees named in the accompanying Proxy Statement as Class I directors for a term expiring at the 2026 Annual Meeting of Stockholders. | |
| • Ratify the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. | |
| • Hold a non-binding advisory vote to approve executive compensation. | |
| • Hold a non-binding advisory vote on the frequency of future advisory votes to approve executive compensation. | |
| • Transact such other business as may properly come before the 2023 | |
| | ![]() ![]() | | | Recommendation of the Board | | |
| THE BOARD UNANIMOUSLY RECOMMENDS THAT YOU VOTE YOUR SHARES “FOR” THE ELECTION OF EACH OF THE DIRECTOR NOMINEES NAMED IN THE PROXY STATEMENT, “EVERY YEAR” FOR FUTURE ADVISORY VOTES TO APPROVE EXECUTIVE COMPENSATION AND “FOR” EACH OF THE OTHER ABOVE PROPOSALS. | | |
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| | | | L. Briley Brisendine Executive Vice President, General Counsel and Secretary March 28, 2023 | |
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| GOVERNANCE | | | | | | | |
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| AUDIT MATTERS | | | | | | | |
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| COMPENSATION | | | | | | | |
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| GENERAL INFORMATION | | | | | | | |
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| ① | | | Be a great place to work for our associates; | |
| ② | | | Deliver superior quality, service and value to our customers; | |
| ③ | | | Be the distributor of choice for our suppliers; | |
| ④ | | | Be a good neighbor in our communities; and | |
| ⑤ | | | Achieve industry-leading financial performance and growth for our stockholders. | |
| ① | | | Always Safe — We take personal responsibility for our safety and for the safety of others. | |
| ② | | | Customer Obsessed — We are passionate about making our customers successful. | |
| ③ | | | Continuously Improving — We quickly adopt best practices to drive growth and deliver world-class results. | |
| ④ | | | Team Players — We respect and support each other and put the team first. | |
| ⑤ | | | Professional — We do everything with quality and integrity and never cut corners. | |
| ⑥ | | | Talent Focused — We recruit, develop, mentor and retain the best people. | |
| ⑦ | | | Accountable — We think and act like owners and leverage our resources to succeed. | |
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Board Independence | | | Board Diversity | | ||||||
86% | | | 6 of 7 directors are independent | | | 57% | | | 4 of 7 directors are women or from diverse backgrounds | |
Board Independence | | | Board Diversity | | ||||||
86% | | | 6 of 7directors are independent | | | 57% | | | 4 of 7directors are women or from diverse backgrounds 2 of 7directors are women | |
Board Refreshment | | | Average Tenure (in years) | | ||||||
43% | | | 3 of 7directors have been added since 2017 | | | | | Average director tenure | |
| Independent Committees | | | • All of our committees are composed solely of independent directors | |
| Empowered Lead Director | | | • Our independent directors elect our independent Lead Director • Our Lead Director has meaningful — serving as liaison between independent directors and the Chairman; — chairing executive sessions of independent directors; and — consulting with the CEO on matters relating to management effectiveness and Board performance | |
| Board Leadership Evaluation and Succession Planning | | | • The Board annually evaluates the CEO’s performance • The Board annually conducts a rigorous review and assessment of the succession planning process for the CEO and other executive officers | |
| Majority Vote Threshold | | | • Our Charter and By-laws may be amended by a majority vote of our stockholders | |
| Board & Committee Evaluations | | | • The Board and each of our committees conduct detailed annual self-evaluations | |
| Limits on Outside Board Service | | | • Outside directors are limited to service on four other public company boards • Currently, our CEO does not serve on any other public company boards | |
| Anti-Hedging/Pledging Policy | | | • Our insider trading policy • None of our directors or executive officers have any pledged SiteOne | |
| No “Poison Pill” | | | • We do not have a “poison pill” plan in place | |
| Executive Sessions | | | • The Board and Board committees meet regularly in executive session • In • At least once a year, the independent directors meet in an executive session with the CEO (without the other executive officers), with the Lead Director presiding at such sessions | |
| ESG Reporting | | | • We publicly disclose an annual ESG Report aligned with the SASB and TCFD frameworks | |
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| ✔ | | | Strong emphasis on performance-based compensation, with a significant portion of NEOs’ overall compensation tied to Company performance | | | | | Human Resources and Compensation Committee, like all of the Board committees, comprised solely of independent directors | | |
| | | Aggressive | | | | | | |||
| | | Mix of short-term and long-term incentives, with performance awards representing a meaningful portion of long-term incentive pay (increased from 25% to 33% of LTIP in 2021) | | | | | Human Resources and Compensation Committee advised by independent compensation consultant who performs no other services | | ||
| | | | | | | Meaningful stock ownership requirements for executives and non-employee directors | | |||
| | | Double-trigger change-in-control cash severance benefits and long-term incentive equity benefits | | | | | Robust clawback policy for incentive compensation paid to our executive officers, including the ability to clawback for fraud, misconduct or illegal activity | |
| What We Don’t Do | | |||||||||
| ![]() ![]() | | | | | ![]() ![]() | | | Allow hedging, pledging or short sales | | |
| ![]() ![]() | | | Gross up excise taxes that may become due upon a change in control | | | ![]() ![]() | | | Guarantee incentive awards for executives | |
| ![]() ![]() | | | Provide incentives that encourage excessive risk-taking | | | ![]() ![]() | | | Provide perquisites for executives | |
| ![]() | | | Grant “spring-loaded” equity awards to take advantage of information that may enhance their value to recipients | | | | | | | |
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Name | | | Position with SiteOne | |
William | | | Director | |
Jeri L. Isbell | | | Director | |
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![]() | | | ![]() | Recommendation of the Board | | ||||||||
THE BOARD UNANIMOUSLY RECOMMENDS THAT YOU VOTE “FOR” | |||||||||||||
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Name | | | Principal Occupation and Other Information | | |||
William (Bill) W. Douglas III ![]() | | | Age: 62 Director Since: April 2016 Committees: Audit (Chair) William (Bill) W. Douglas III serves as our Lead Director and has been one of our directors since April 2016. In June 2016, Mr. Douglas retired as Executive Vice President of Coca-Cola Enterprises, Inc. (“CCE”). During Mr. Douglas’s tenure at CCE, it was one of the largest independent bottlers and distributors for The Coca-Cola Company and operated across the United States and Western Europe. Mr. Douglas served as Executive Vice President, Supply Chain at CCE until April 2015. Prior to that, he was Executive Vice President & Chief Financial Officer of CCE from May 2008 to November 2013, Senior Vice President and Chief Financial Officer of CCE from May 2005 to May 2008, and Vice President, Controller and Principal Accounting Officer from July 2004 until May 2005. Prior to joining CCE, Mr. Douglas served as Chief Financial Officer of Coca-Cola HBC, one of the largest bottlers of non-alcoholic beverages in Europe. He currently serves on the |
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Jeri L. Isbell![]() | | | Age: 65 Director Since: October 2016 Committees: Human Resources & Compensation (Chair); Nominating & Corporate Governance Public Company Directorships: Atkore International Group Inc. Jeri L. Isbell has served as one of our directors since October 2016. She was Vice President-Human Resources and Corporate Communications at Lexmark International, Inc., a leading developer, manufacturer, and supplier of printing, imaging, device management, managed print services, document workflow and business process, and content management solutions, a position she held from 2003 until her retirement in December 2016. During her 24-year tenure at Lexmark, she also held a number of leadership positions | | |||
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Name | | | Principal Occupation and Other Information | | |||
Doug Black ![]() | | | Age: 58 Director Since: April 2016 Committees: N/A Doug Black has served as SiteOne’s Chief Executive Officer since April 2014, and as the Chairman of the Board since June 2017. Prior to joining SiteOne, Mr. Black was President and Chief Operating Officer of Oldcastle Inc., an integrated building materials manufacturer and distributor and a wholly owned subsidiary of Irish-based CRH plc. During his 18-year career with Oldcastle, Mr. Black led the company’s entry into building products distribution and then held several senior leadership roles, including Chief Operating Officer and Chief Executive Officer of Oldcastle Architectural Products and Chief Operating Officer and Chief Executive Officer of Oldcastle Materials. Prior to Oldcastle, Mr. Black’s business career began at McKinsey & Company in 1992 where he led strategy, sales force effectiveness and plant improvement projects in the telecommunications, airline, lumber, paper and packaging industries. While serving as a U.S. Army Engineer Officer from 1986 to 1990, he completed construction projects in the Southeastern U.S., Central America and South America. Mr. Black earned an M.B.A. from Duke University’s Fuqua School of Business as a Fuqua Scholar and a B.S. in Mathematical Science/Civil Engineering from the U.S. Military Academy, West Point, where he was an AP all-American fullback and NCAA Scholar Athlete. Mr. Black’s intimate knowledge of our day-to-day operations as Chief Executive Officer, his prior role as a management consultant and his extensive experience working in our industry qualify him to serve on the Board. |
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Jack L. Wyszomierski![]() | | | Age: 67 Director Since: April 2016 Committees: Audit; Nominating & Corporate Governance (Chair) Public Company Directorships: Athersys, Inc., Exelixis, Inc. and Xoma Corp. Jack L. Wyszomierski has served as one of our directors since April 2016. From June 2004 to June 2009, Mr. Wyszomierski served as the Executive Vice President and Chief Financial Officer of VWR International, LLC, a supplier of laboratory supplies, equipment and supply chain solutions to the global research laboratory industry. From 1982 to 2003, Mr. Wyszomierski held positions of increasing responsibility within the finance group at Schering-Plough Corporation, a health care company, culminating with his appointment as Executive Vice President and Chief Financial Officer in 1996. Prior to joining Schering-Plough, he was responsible for capitalization planning at Joy Manufacturing Company, a producer of mining equipment, and was a management consultant at Data Resources, Inc. Mr. Wyszomierski currently serves on the | | |||
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Name | | | Principal Occupation and Other Information | | |||
Fred M. Diaz ![]() | | | Age: 57 Director Since: August 2017 Committees: Audit; Human Resources & Compensation Public Company Directorships: Archer Aviation Inc., Smith & Wesson Brands, Inc. and Valero Energy Corporation Fred M. Diaz has served as one of our directors since August 2017. From April 2018 to March 2020, Mr. Diaz served as President, |
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W. Roy Dunbar![]() | | | Age: 61 Director Since: March 2017 Committees: Human Resources & Compensation Public Company Directorships: McKesson Corporation, Johnson Controls International PLC and Duke Energy Corporation W. Roy Dunbar has served as one of our directors since March 2017. He was Chairman of the Board of Network Solutions, a technology company and web service provider, and was the Chief Executive Officer from January 2008 until October 2009. Mr. Dunbar also served as the President of Global Technology and Operations for MasterCard Incorporated from September 2004 until January 2008. Prior to MasterCard, Mr. Dunbar worked at Eli Lilly and Company for 14 years, serving as President of Intercontinental Operations, and earlier as Chief Information Officer. He currently serves on the | | |||
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Name | | | Principal Occupation and Other Information | | |||
Larisa J. Drake ![]() | | | Age: 51 Director Since: May 2019 Committees: Nominating & Corporate Governance Larisa J. Drake has served as one of our directors since May 2019. Ms. Drake is currently Executive Vice President and Chief Marketing Officer at Equity | | |||
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| | | | Doug Black (Chairman) | | | Bill Douglas (Lead Director) | | | Fred Diaz | | | Larisa Drake | | | Roy Dunbar | | | Jeri Isbell | | | Jack Wyszomierski | | ||
| Retail | | | | | | | | | | ✓ | | | | | | | | | | | | | | |
| Finance/ Former CFO | | | | | | | ✓ | | | | | | | | | | | | ✓ | | | ✓ | | |
| Marketing & Branding | | | | | | | ✓ | | | ✓ | | | ✓ | | | | | | | | | | | |
| Manufacturing | | | ✓ | | | | | | | | | | | ✓ | | | ✓ | | ||||||
| | | | ✓ | | | ✓ | | | | | | | | | | | | | | | ✓ | | ||
| CEO/Former CEO | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | | | |
| eCommerce/Technology | | | | | | | | | | | | | ✓ | | | ✓ | | | | | | | | |
| Construction/Building Products | | | | ✓ | | | | | | | | | | | | ✓ | | | | | | | | |
| Human Resources | | | | | | | | | | | | | | | | | | | ✓ | | | | |
| | | | | (Chairman) | | | (Lead Director) | | | Diaz | | | Drake | | | Dunbar | | | Isbell | | | Wyszomierski | | |||||||||||||||||||||||||||||||||||||||
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| | | | ✓ | | | ✓ | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||
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| Female | | | | | | | | | | | | | ✓ | | | | | | ✓ | | | | | |||||||||||||||||||||||||||||||||||||||
| Male | | | | ✓ | | | ✓ | | | ✓ | | | | | | ✓ | | | | | | ✓ | |
Director | | | Audit | | | Human Resources and Compensation | | | Nominating and Corporate Governance | | |||||||||
William (Bill) W. Douglas, III | | | | | ✔* | | | | | | | | | | | | ✔ | | |
Fred M. Diaz | | | | | ✔ | | | | | | ✔ | | | | | | | | |
W. Roy Dunbar | | | | | | | | | | | ✔ | | | | | | | | |
Jeri L. Isbell | | | | | | | | | | | ✔* | | | | | | ✔ | | |
Jack L. Wyszomierski | | | | | ✔ | | | | | | | | | | | | ✔* | | |
Number of Meetings | | | | | 8 | | | | | | 5 | | | | | | 4 | | |
Director | | | Audit | | | Human Resources and Compensation | | | Nominating and Corporate Governance | |
William (Bill) W. Douglas III | | | ✓* | | | | | | | |
Fred M. Diaz | | | ✓ | | | ✓ | | | | |
Larisa J. Drake | | | | | | | | | ✓ | |
W. Roy Dunbar | | | | | | ✓ | | | | |
Jeri L. Isbell | | | | | | ✓* | | | ✓ | |
Jack L. Wyszomierski | | | ✓ | | | | | | ✓* | |
Number of Meetings | | | 8 | | | 5 | | | 4 | |
Name | | Age | | Present Positions | | First Became an Executive Officer | | | Age | | Present Positions | | First Became an Executive Officer | | ||||||
Doug Black | | 55 | | Chief Executive Officer, Director | | 2014 | | | 58 | | Chief Executive Officer, Chairman | | 2014 | | ||||||
John Guthrie | | 54 | | Executive Vice President, Chief Financial Officer and Assistant Secretary | | 2001 | | | 57 | | Executive Vice President, Chief Financial Officer and Assistant Secretary | | 2001 | | ||||||
Briley Brisendine | | 49 | | Executive Vice President, General Counsel and Secretary | | 2015 | | | 52 | | Executive Vice President, General Counsel and Secretary | | 2015 | | ||||||
Scott Salmon | | 52 | | Executive Vice President of Strategy and Development | | 2019 | | | 55 | | Executive Vice President, Strategy and Development | | 2019 | | ||||||
Greg Weller | | 37 | | Executive Vice President of Operations | | 2019 | | |||||||||||||
Joseph Ketter | | 51 | | Executive Vice President of Human Resources | | 2015 | | | 54 | | Executive Vice President, Human Resources | | 2015 | |
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![]() | | | ![]() | Recommendation of the Board | | ||||||||
THE BOARD UNANIMOUSLY RECOMMENDS THAT YOU VOTE “FOR” | |||||||||||||
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| | 2019 | | 2018 | | | 2022 | | 2021 | | ||||||||||||||||
Audit fees(1) | | | $ | 1,410,000 | | | | $ | 1,485,000 | | | |||||||||||||||
Audit-related fees(2) | | | | 57,500 | | | | | 33,952 | | | |||||||||||||||
All other fees(3) | | | | 3,408 | | | | | 2,695 | | | |||||||||||||||
Audit fees(1) | | | $ | 1,555,000 | | | | $ | 1,475,000 | | | |||||||||||||||
Audit-related fees(2) | | | | 94,000 | | | | | 63,000 | | | |||||||||||||||
All other fees(3) | | | | 3,790 | | | | | 3,790 | | | |||||||||||||||
Total Fees | | | $ | 1,470,908 | | | | $ | 1,521,647 | | | | | $ | 1,652,790 | | | | $ | 1,541,790 | | |
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![]() | | | ![]() | Recommendation of the Board | | ||||||||
THE BOARD UNANIMOUSLY RECOMMENDS THAT YOU VOTE “FOR” | |||||||||||||
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| | ![]() | | | Recommendation of the Board THE BOARD UNANIMOUSLY RECOMMENDS THAT YOU VOTE FOR A FREQUENCY OF “EVERY YEAR” FOR FUTURE ADVISORY “SAY ON PAY” VOTES TO APPROVE EXECUTIVE COMPENSATION. | | |
| ![]() | | | Strong emphasis on performance-based compensation, with a significant portion of NEOs’ overall compensation tied to Company performance | | | ![]() | | | Human Resources and Compensation Committee, like all of the Board committees, comprised solely of independent directors | |
| ![]() | | | Aggressive | | | ![]() | | | | |
| ![]() | | | Mix of short-term and long-term incentives, with performance awards representing a meaningful portion of long-term incentive pay | | | ![]() | | | Human Resources and Compensation Committee advised by independent compensation consultant who performs no other services | |
| ![]() | | | | | ![]() | | | Meaningful stock ownership requirements for executives and non-employee directors | | |
| ![]() | | | Double-trigger change-in-control cash severance and long-term incentive equity benefits | | | ![]() | | | Robust clawback policy for incentive compensation paid to our executive officers including the ability to clawback for fraud, misconduct, or illegal activity | |
| ![]() ![]() | | | | | ![]() ![]() | | | Allow hedging, pledging or short sales | | |
| ![]() ![]() | | | Gross up excise taxes that may become due upon a change in control | | | ![]() ![]() | | | Guarantee incentive awards for executives | |
| ![]() ![]() | | | Provide incentives that encourage excessive risk-taking | | | ![]() ![]() | | | Provide perquisites for executives | |
| ![]() | | | Grant “spring-loaded” equity awards to take advantage of information that may enhance their value to recipients | | | | | | | |
| Advanced Drainage Systems, Inc. | | | Installed Building Products, Inc. | |
| Applied Industrial Technologies, Inc. | | | MRC Global Inc. | |
| Beacon Roofing Supply, Inc. | | | MSC Industrial Direct Co., Inc. | |
| Central Garden & Pet Company | | | Pool Corporation | |
| DXP Enterprises, Inc. | | | Summit Materials, Inc. | |
| Eagle Materials Inc. | | | The Scotts Miracle-Gro Company | |
| Fastenal Company | | | TopBuild Corp. | |
| GMS Inc. | | | Watsco, Inc. | |
| H&E Equipment Services, Inc. | | | | |
Pay Component | | | Objective of Pay Component | |
Base Salary | | | • To attract and retain a high-performing leadership team | |
Short-Term Annual Cash Incentives | | | • To reward achievement of short-term business objectives and results, such as Adjusted EBITDA, Company NPS, Organic Daily Sales | |
Long-Term Equity | | | • To align executive and stockholder interests, create “ownership culture,” provide retention incentives and “pay-for-performance” | |
Other Benefits | | | • To provide a safety net of protection in the case of illness, disability, death or retirement, through health, disability and life insurance, 401(k) retirement plan and other employee benefits | |
| | | 2021 Base Salary | | | 2022 Base Salary | | | Base Salary Increase | | |||||||||
Doug Black | | | | $ | 850,000 | | | | | $ | 875,000 | | | | | | 2.9% | | |
John Guthrie(1) | | | | $ | 450,000 | | | | | $ | 500,000 | | | | | | 11.1% | | |
Briley Brisendine | | | | $ | 445,000 | | | | | $ | 470,000 | | | | | | 5.6% | | |
Scott Salmon | | | | $ | 400,000 | | | | | $ | 420,000 | | | | | | 5.0% | | |
Joseph Ketter | | | | $ | 350,000 | | | | | $ | 370,000 | | | | | | 5.7% | | |
| | Short-Term Annual Cash Incentive as a Percentage of Base Salary | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Threshold(1) | | Target(1) | | Maximum(1) | | Actual Percentage of Target(2) | | | Threshold(1) | | Target(1) | | Maximum(1) | | Actual(1) | | ||||||||||||||||||||||||||||||||
Doug Black | | | | 62.5% | | | | | 125% | | | | | 220% | | | | | 84% | | | | | | 62.5% | | | | | 125% | | | | | 275% | | | | | 133% | | | ||||||||
John Guthrie | | | | 30% | | | | | 60% | | | | | 220% | | | | | 81% | | | | | | 30% | | | | | 60% | | | | | 132% | | | | | 68% | | | ||||||||
Briley Brisendine | | | | 30% | | | | | 60% | | | | | 220% | | | | | 82% | | | | | | 30% | | | | | 60% | | | | | 132% | | | | | 68% | | | ||||||||
Scott Salmon | | | | 30% | | | | | 60% | | | | | 220% | | | | | 83% | | | | | | 30% | | | | | 60% | | | | | 132% | | | | | 66% | | | ||||||||
Greg Weller | | | | 30% | | | | | 60% | | | | | 220% | | | | | 82% | | | |||||||||||||||||||||||||||||
Ross Anker(3) | | | | 30% | | | | | 60% | | | | | 220% | | | | | 81% | | | |||||||||||||||||||||||||||||
Joseph Ketter | | | | 30% | | | | | 60% | | | | | 132% | | | | | 66% | | |
| | Adjusted EBITDA(1) | | Company NPS(2) | | Organic Sales Growth(2) | | Strategic Performance(2) | | Safety(2) | | | Adjusted EBITDA(1) | | Company NPS(2) | | Organic Daily Sales Growth(2) | | Strategic Performance(2)(3) | | ||||||||||||||||||||||||||||||||||||
Doug Black | | | | 70% | | | | | 10% | | | | | — | | | | | 10% | | | | | 10% | | | | | | 70% | | | | | 5% | | | | | 5% | | | | | 20% | | | |||||||||
John Guthrie | | | | 70% | | | | | 10% | | | | | 10% | | | | | 10% | | | | | — | | | | | | 70% | | | | | 5% | | | | | 5% | | | | | 20% | | | |||||||||
Briley Brisendine | | | | 70% | | | | | 10% | | | | | 10% | | | | | 10% | | | | | — | | | | | | 70% | | | | | 5% | | | | | 5% | | | | | 20% | | | |||||||||
Scott Salmon | | | | 70% | | | | | 10% | | | | | 10% | | | | | 10% | | | | | — | | | | | | 70% | | | | | 5% | | | | | 5% | | | | | 20% | | | |||||||||
Greg Weller | | | | 70% | | | | | 10% | | | | | 10% | | | | | 10% | | | | | — | | | ||||||||||||||||||||||||||||||
Ross Anker | | | | 70% | | | | | 10% | | | | | 10% | | | | | 10% | | | | | — | | | ||||||||||||||||||||||||||||||
Joe Ketter | | | | 70% | | | | | 5% | | | | | 5% | | | | | 20% | | |
Adjusted EBITDA(1) | | | Level of Achievement | | | Multiple of Target Opportunity | | ||||||
Threshold | | | | $ | 405 million | | | | | | 50% | | |
Target | | | | $ | 450 million | | | | | | 100% | | |
| | | $ | 508 million | | | | | | 150% | | | |
Maximum | | | | $ | 620 million | | | | | | 250% | | |
Actual | | | | $ | 463 million | | | | | 111% | | |
Company NPS(1) | | Level of Achievement | | Multiple of Target Opportunity | | | Level of Achievement(2) | | Multiple of Target Opportunity | | ||||||||||||||||
Threshold | | | | 60 | | | | | 50% | | | | | | 68 | | | | | 50% | | | ||||
Target | | | | 71 | | | | | 100% | | | | | | 77 | | | | | 100% | | | ||||
Maximum | | | | 80 | | | | | 150% | | | | | | 82 | | | | | 150% | | | ||||
Actual | | | | 71.3 | | | | | 102% | | | | | | 78.9 | | | | | 119% | | |
Organic Sales Growth(1) | | Level of Achievement | | Multiple of Target Opportunity | | |||||||||||||||||||||
Organic Daily Sales Growth(1) | | Level of Achievement(2) | | Multiple of Target Opportunity | | |||||||||||||||||||||
Threshold | | | | 4.0% | | | | | 50% | | | | | | 7.0% | | | | | 50% | | | ||||
Target | | | | 6.0% | | | | | 100% | | | | | | 9.7% | | | | | 100% | | | ||||
Maximum | | | | 8.0% | | | | | 150% | | | | | | 13.0% | | | | | 150% | | | ||||
Actual | | | | 4.7% | | | | | 68% | | | | | | 10.8% | | | | | 117% | | |
| | Individual Performance Categories | | | Level of Achievement | | | Factors Supporting Level of Achievement | | |
| | SiteOne Safety | | | 50% | | | • • Lost time incident rate increased • Enhanced safety | | |
Diversity and Inclusion | | | 125% | | | • • Increased bilingual branches from 47% to 56%, short of 57% goal • Active ARGs, Diversity Council and D&I programs | | |||
| Key Business Focus Areas | | | 115% | | | • Strong progress with commercial and operational initiatives and building team | | ||
John Guthrie | | | Accounting and | | | 150% | | | • Excellent progress in improving AP process • Enhanced Internal Audit process and | |
| | FP&A and Performance Management | | | 100% | | | • | | |
| | | Diversity and Inclusion | | | 100% | | | • Maintained Finance team leadership diversity levels • Support of ARGs and D&I programs | |
Briley Brisendine | | | SiteOne Safety | | | 50% | | | • Flat YOY recordable incident rate • Lost time incident rate increased • Enhanced safety programs | |
| | | Governance, Field Support and Risk Management | | | 150% | | | • Publication of enhanced ESG Report • Excellent governance • Responsiveness and | |
| | | Real Estate and Regulatory | | | 125% | | | • Enhanced Regulatory team and support • Real Estate and Construction teams well integrated with field • Progress on facilities maintenance and branch merchandising support | |
| | Strategy and Acquisition Growth / Performance | | | 100% | | | • • Financial performance of acquired companies • Significantly enhanced integration | | |
| | Category Management & Pricing | | | 100% | | | • • Improved coordination of Category and | | |
| | Diversity & Inclusion | | | 100% | | | • | |
Name | | | Individual Performance Categories | | | Level of Achievement | | | Factors Supporting Level of Achievement | |
Joe Ketter | | | SiteOne Safety | | | 50% | | | • Flat YOY recordable incident rate • Lost time incident rate increased • Enhanced safety programs | |
| | | Diversity and Inclusion | | | 125% | | | • Increased leader and overall diversity • Increased bilingual branches from 47% to 56%, short of 57% goal • Active ARGs, Diversity Council and D&I programs | |
| | | Team Development | | | 125% | | | • Management of hybrid work structure and associate engagement • Enhanced onboarding and training programs • Effective follow-up on Associate Engagement Survey feedback | |
Name | | | Number of Options Awarded | | | Number of RSUs Awarded | | | Number of PSUs Awarded | | | Targeted Fair Value for All 2022 Awards | | ||||||||||||
Doug Black | | | | | 20,152 | | | | | | 6,317 | | | | | | 6,317 | | | | | $ | 3,400,000 | | |
John Guthrie | | | | | 4,149 | | | | | | 1,300 | | | | | | 1,300 | | | | | $ | 700,000 | | |
Briley Brisendine | | | | | 4,149 | | | | | | 1,300 | | | | | | 1,300 | | | | | $ | 700,000 | | |
Scott Salmon | | | | | 3,556 | | | | | | 1,114 | | | | | | 1,114 | | | | | $ | 600,000 | | |
Joseph Ketter | | | | | 3,259 | | | | | | 1,021 | | | | | | 1,021 | | | | | $ | 550,000 | | |
| Performance Level | | | Relative EBTA Growth | | | % Target Award | | | Performance Level | | | Avg. ROIC | | | Modifier to PSUs Earned Based on Relative EBTA Growth* | |
| <Threshold | | | <25th percentile | | | 0% | | | | | | | | | | |
| Threshold | | | 25th percentile | | | 50% | | | Below Target | | | <12% | | | -20% | |
| Target | | | 50th percentile | | | 100% | | | Target | | | 12%-20% | | | 0% | |
| Maximum | | | >=75th percentile | | | 200% | | | Above Target | | | >20% | | | +20% | |
Performance Level | | | Relative EBTA Growth | | | % Target Award | | | Performance Level | | | Avg. ROIC | | | Modifier to PSUs Earned Based on Relative EBTA Growth(1) | |
<Threshold | | | <25th percentile | | | 0% | | | | | | | | | | |
Threshold | | | 25th percentile | | | 50% | | | Below Target | | | <12% | | | -20% | |
Target | | | 50th percentile | | | 100% | | | Target | | | 12%-20% | | | 0% | |
Maximum | | | >=75th percentile | | | 200% | | | Above Target | | | >20% | | | +20% | |
Name | | | Number of Options Awarded | | | Number of RSUs Awarded | | | Number of PSUs Awarded | | | Targeted Fair Value for All 2019 Awards | | ||||||||||||
Doug Black | | | | | 66,873 | | | | | | 11,145 | | | | | | 11,145 | | | | | $ | 2,300,000 | | |
John Guthrie | | | | | 13,083 | | | | | | 2,180 | | | | | | 2,180 | | | | | $ | 450,000 | | |
Briley Brisendine | | | | | 13,083 | | | | | | 2,180 | | | | | | 2,180 | | | | | $ | 450,000 | | |
Scott Salmon | | | | | 26,406 | | | | | | 4,401 | | | | | | 4,401 | | | | | $ | 800,000(1) | | |
Greg Weller2 | | | | | 11,630 | | | | | | 2,423 | | | | | | 1,453 | | | | | $ | 365,000 | | |
Ross Anker3 | | | | | 13,083 | | | | | | 2,180 | | | | | | 2,180 | | | | | $ | 450,000 | | |
Name | | | PSUs Awarded in February 2019 | | | Number of PSUs Settled in May 2022(1)(2) | | | Value of PSUs Settled(3) | | |||||||||
Doug Black | | | | | 11,145 | | | | | | 22,290 | | | | | $ | 2,671,011 | | |
John Guthrie | | | | | 2,180 | | | | | | 4,360 | | | | | $ | 522,459 | | |
Briley Brisendine | | | | | 2,180 | | | | | | 4,360 | | | | | $ | 522,459 | | |
Scott Salmon | | | | | 4,401 | | | | | | 8,802 | | | | | $ | 1,054,744 | | |
Joseph Ketter | | | | | 1,453 | | | | | | 2,906 | | | | | $ | 348,226 | | |
| | Options | | | | RSUs | | | | PSUs | | | | Fair Value for All 2019 Awards, as modified | | | ||||||||||||||||||||||||||||||
| | Original Grant | | | | Modified Grant | | | | Original Grant | | | | Modified Grant | | | | Original Grant | | | | Modified Grant | | | ||||||||||||||||||||||
| | 13,083 | | | | | | 4,569 | | | | | | | 2,180 | | | | | | | 761 | | | | | | | 2,180 | | | | | | | 1,059 | | | | | | $ | 210,287 | | | |
Position | | | Multiple | |
Chief Executive Officer | | | 6x Annual Base Salary | |
Covered Executives | | | 2x Annual Base Salary | |
Name and Principal Position | | Year | | Salary ($)(1) | | Option Awards ($)(2) | | Stock Awards ($)(2) | | Non-Equity Incentive Plan Compensation ($)(3) | | All Other Compensation ($)(4) | | Total ($)(*) | | | Year | | Salary ($)(1) | | Option Awards ($)(2) | | Stock Awards ($)(2) | | Non-Equity Incentive Plan Compensation ($)(3) | | All Other Compensation ($)(4) | | Total ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Doug Black Chairman and Chief Executive Officer | | | | | 2019 | | | | | 798,462 | | | | | 1,063,281 | | | | | 1,149,941 | | | | | 1,039,631 | | | | | 16,248 | | | | | 4,067,563 | | | | | | | 2022 | | | | | 871,634 | | | | | 1,158,135 | | | | | 2,266,540 | | | | | 1,160,363 | | | | | 17,509 | | | | | 5,474,181 | | | ||||||||||||
| | | 2018 | | | | | 750,000 | | | | | 1,623,238 | | | | | 575,104 | | | | | 554,696 | | | | | 13,710 | | | | | 3,516,748 | | | | | | 2021 | | | | | 850,000 | | | | | 997,710 | | | | | 1,999,781 | | | | | 2,188,749 | | | | | 12,553 | | | | | 6,048,793 | | | |||||||||||||||
| | | 2017 | | | | | 741,346 | | | | | 1,147,647 | | | | | 374,984 | | | | | 683,438 | | | | | 13,050 | | | | | 2,960,465 | | | | | | 2020 | | | | | 855,769 | | | | | 1,034,506 | | | | | 1,349,850 | | | | | 1,623,182 | | | | | 12,252 | | | | | 4,875,559 | | | |||||||||||||||
John Guthrie Executive Vice President and Chief Financial Officer | | | | | 2019 | | | | | 368,231 | | | | | 208,020 | | | | | 224,932 | | | | | 176,567 | | | | | 11,822 | | | | | 989,572 | | | |||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2018 | | | | | 336,538 | | | | | 324,638 | | | | | 115,021 | | | | | 135,700 | | | | | 11,195 | | | | | 923,092 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2017 | | | | | 316,680 | | | | | 244,830 | | | | | 79,977 | | | | | 161,139 | | | | | 11,168 | | | | | 813,795 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
John Guthrie Executive Vice President, Chief Financial Officer | | | | | 2022 | | | | | 493,269 | | | | | 238,443 | | | | | 466,440 | | | | | 335,176 | | | | | 13,038 | | | | | 1,546,366 | | | |||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2021 | | | | | 442,308 | | | | | 191,191 | | | | | 383,142 | | | | | 554,530 | | | | | 12,452 | | | | | 1,583,623 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2020 | | | | | 401,346 | | | | | 191,559 | | | | | 249,807 | | | | | 365,873 | | | | | 12,073 | | | | | 1,220,658 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Briley Brisendine Executive Vice President, General Counsel and Secretary | | | | | 2019 | | | | | 408,539 | | | | | 208,020 | | | | | 224,932 | | | | | 198,963 | | | | | 11,890 | | | | | 1,052,344 | | | | | | | 2022 | | | | | 466,635 | | | | | 238,443 | | | | | 466,440 | | | | | 317,078 | | | | | 12,994 | | | | | 1,501,590 | | | ||||||||||||
| | | 2018 | | | | | 378,269 | | | | | 324,638 | | | | | 115,021 | | | | | 179,479 | | | | | 11,270 | | | | | 1,008,677 | | | | | | 2021 | | | | | 442,692 | | | | | 207,816 | | | | | 416,372 | | | | | 560,814 | | | | | 12,454 | | | | | 1,640,148 | | | |||||||||||||||
| | | 2017 | | | | | 368,269 | | | | | 244,830 | | | | | 79,977 | | | | | 197,417 | | | | | 11,257 | | | | | 901,751 | | | | | | 2020 | | | | | 434,038 | | | | | 229,876 | | | | | 299,809 | | | | | 401,763 | | | | | 12,127 | | | | | 1,377,613 | | | |||||||||||||||
Scott Salmon(5) Executive Vice President, Strategy and Development | | | | 2019 | | | | | 285,385 | | | | | 423,288 | | | | | 459,993 | | | | | 137,705 | | | | | 10,968 | | | | | 1,317,339 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
Greg Weller(6) Senior Vice President Operations | | | | 2019 | | | | | 311,923 | | | | | 196,258 | | | | | 214,038 | | | | | 151,722 | | | | | 16,006 | | | | | 889,947 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
Ross Anker(7) Former Executive Vice President, Category Management, Marketing and IT | | | | | 2019 | | | | | 414,267 | | | | | 2,641,858(7) | | | | | 313,252(7) | | | | | 95,170 | | | | | 11,529 | | | | | 3,476,077(7) | | | |||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2018 | | | | | 378,269 | | | | | 324,638 | | | | | 115,021 | | | | | 139,760 | | | | | 11,270 | | | | | 968,958 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2017 | | | | | 366,538 | | | | | 244,830 | | | | | 79,977 | | | | | 189,092 | | | | | 11,257 | | | | | 891,695 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Scott Salmon Executive Vice President, Strategy and Development | | | | | 2022 | | | | | 417,308 | | | | | 204,363 | | | | | 399,704 | | | | | 274,171 | | | | | 13,824 | | | | | 1,309,370 | | | |||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2021 | | | | | 377,019 | | | | | 182,878 | | | | | 366,527 | | | | | 470,801 | | | | | 12,334 | | | | | 1,409,559 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2020 | | | | | 364,808 | | | | | 191,559 | | | | | 249,807 | | | | | 310,049 | | | | | 12,011 | | | | | 1,128,234 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Joseph Ketter Executive Vice President, Human Resources | | | | | 2022 | | | | | 367,307 | | | | | 187,295 | | | | | 366,334 | | | | | 244,076 | | | | | 12,825 | | | | | 1,177,837 | | | |||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2021 | | | | | 348,462 | | | | | 157,940 | | | | | 316,350 | | | | | 436,166 | | | | | 12,293 | | | | | 1,271,211 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2020 | | | | | 340,615 | | | | | 172,400 | | | | | 224,806 | | | | | 313,161 | | | | | 11,974 | | | | | 1,062,956 | | |
| | | | | | | | | Estimated Future Payouts Under Non-Equity Incentive Plan Awards(1) | | | Estimated Future Payouts Under Equity Incentive Plan Awards(3) | | | All Other Option Awards: Number of Securities Underlying Options (#)(4) | | | All Other Stock Awards: Number of Securities Underlying Awards (#)(5) | | | Exercise or Base Price of Awards ($) | | | Grant Date Fair Value of Stock and Option Awards ($)(6) | | ||||||||||||||||||||||||||||||||||||||||||
Name | | | Grant Date | | | Threshold ($) | | | Target ($) | | | Maximum ($)(2) | | | Threshold (#) | | | Target (#) | | | Maximum (#) | | |||||||||||||||||||||||||||||||||||||||||||||
Doug Black | | | | | — | | | | | | 495,591 | | | | | | 989,183 | | | | | | 2,176,203 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 11,145 | | | | | | 22,290 | | | | | | — | | | | | | — | | | | | | — | | | | | | 574,971 | | | ||
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 66,873 | | | | | | — | | | | | | 51.59 | | | | | | 1,063,281 | | | ||
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 11,145 | | | | | | — | | | | | | 574,971 | | | ||
John Guthrie | | | | | — | | | | | | 109,442 | | | | | | 218,884 | | | | | | 481,545 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,180 | | | | | | 4,360 | | | | | | — | | | | | | — | | | | | | — | | | | | | 112,466 | | | ||
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 13,083 | | | | | | — | | | | | | 51.59 | | | | | | 208,020 | | | ||
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,180 | | | | | | — | | | | | | 112,466 | | | ||
Briley Brisendine | | | | | — | | | | | | 121,442 | | | | | | 242,885 | | | | | | 534,347 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,180 | | | | | | 4,360 | | | | | | — | | | | | | — | | | | | | — | | | | | | 112,466 | | | ||
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 13,083 | | | | | | — | | | | | | 51.59 | | | | | | 208,020 | | | ||
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,180 | | | | | | — | | | | | | 112,466 | | | ||
Scott Salmon | | | | | | | | | | | 82,789 | | | | | | 165,557 | | | | | | 364,270 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 3/11/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 4,401 | | | | | | 8,802 | | | | | | | | | | | | — | | | | | | — | | | | | | 229,996 | | | ||
| | | 3/11/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 26,406 | | | | | | — | | | | | | 52.26 | | | | | | 423,288 | | | ||
| | | 3/11/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | ��� | | | | | | 4,401 | | | | | | — | | | | | | 229,996 | | | ||
Greg Weller | | | | | — | | | | | | 92,608 | | | | | | 185,215 | | | | | | 407,473 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 5/15/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,908 | | | | | | — | | | | | | 66.10 | | | | | | 57,578 | | | ||
| | | 5/15/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 970 | | | | | | — | | | | | | 64,117 | | | ||
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,453 | | | | | | 2,906 | | | | | | — | | | | | | — | | | | | | — | | | | | | 74,960 | | | ||
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 8,722 | | | | | | — | | | | | | 51.59 | | | | | | 138,680 | | | ||
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,453 | | | | | | — | | | | | | 74,960 | | | ||
Ross Anker(7) | | | | | — | | | | | | 117,000 | | | | | | 234,000 | | | | | | 514,800 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 6/30/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,522,158(8) | | | ||
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,180 | | | | | | 4,360 | | | | | | — | | | | | | — | | | | | | — | | | | | | 112,466 | | | ||
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 13,083 | | | | | | — | | | | | | 51.59 | | | | | | 208,020 | | | ||
| | | 2/6/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,180 | | | | | | — | | | | | | 112,466 | | |
Name | | | Grant Date | | | Estimated Future Payouts Under Non-Equity Incentive Plan Awards(1) | | | Estimated Future Payouts Under Equity Incentive Plan Awards(3) | | | All Other Option Awards: Number of Securities Underlying Options (#)(4) | | | All Other Stock Awards: Number of Securities Underlying Awards (#)(5) | | | Exercise or Base Price of Awards ($) | | | Grant Date Fair Value of Stock and Option Awards ($)(6) | | |||||||||||||||||||||||||||||||||||||||||||||
| Threshold ($) | | | Target ($) | | | Maximum ($)(2) | | | Threshold (#) | | | Target (#) | | | Maximum (#) | | ||||||||||||||||||||||||||||||||||||||||||||||||||
Doug Black | | | | | — | | | | | | 544,771 | | | | | | 1,089,543 | | | | | | 2,396,994 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 2/10/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 6,317 | | | | | | 12,634 | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,133,270 | | |
| | | | | 2/10/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 20,152 | | | | | | — | | | | | | 179.40 | | | | | | 1,158,135 | | |
| | | | | 2/10/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 6,317 | | | | | | — | | | | | | 1,133,270 | | |
John Guthrie | | | | | — | | | | | | 147,981 | | | | | | 295,961 | | | | | | 651,115 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 2/10/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,300 | | | | | | 2,600 | | | | | | — | | | | | | — | | | | | | — | | | | | | 233,220 | | |
| | | | | 2/10/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 4,149 | | | | | | — | | | | | | 179.40 | | | | | | 238,443 | | |
| | | | | 2/10/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,300 | | | | | | — | | | | | | 233,220 | | |
Briley Brisendine | | | | | — | | | | | | 139,991 | | | | | | 279,981 | | | | | | 615,958 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 2/10/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,300 | | | | | | 2,600 | | | | | | — | | | | | | — | | | | | | — | | | | | | 233,220 | | |
| | | | | 2/10/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 4,149 | | | | | | — | | | | | | 179.40 | | | | | | 238,443 | | |
| | | | | 2/10/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,300 | | | | | | — | | | | | | 233,220 | | |
Scott Salmon | | | | | — | | | | | | 125,192 | | | | | | 250,385 | | | | | | 550,847 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 2/10/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,114 | | | | | | 2,228 | | | | | | — | | | | | | — | | | | | | — | | | | | | 199,852 | | |
| | | | | 2/10/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 3,556 | | | | | | — | | | | | | 179.40 | | | | | | 204,363 | | |
| | | | | 2/10/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,114 | | | | | | — | | | | | | 199,852 | | |
Joseph Ketter | | | | | — | | | | | | 110,192 | | | | | | 220,384 | | | | | | 484,845 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 2/10/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,021 | | | | | | 2,042 | | | | | | — | | | | | | — | | | | | | — | | | | | | 183,167 | | |
| | | | | 2/10/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 3,259 | | | | | | — | | | | | | 179.40 | | | | | | 187,295 | | |
| | | | | 2/10/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,021 | | | | | | — | | | | | | 183,167 | | |
| | | | | | | Option Awards | | Stock Awards | | | | | | | | Option Awards(1)(2) | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Name | | Grant Date | | Number of Securities Underlying Unexercised Options (#) Exercisable | | Number of Securities Underlying Unexercised Options (#) Unexercisable | | Option Exercise Price ($)(3) | | Option Expiration Date | | Number of RSUs that have not Vested (#)(4) | | Market Value of RSUs that have not Vested ($)(5) | | Equity Incentive Plan Awards: # of Unearned Shares, Units or Other Rights that have not vested (#)(6) | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights that have not vested ($)(5) | | | Grant Date | | Number of Securities Underlying Unexercised Options (#) Exercisable | | Number of Securities Underlying Unexercised Options (#) Unexercisable | | Option Exercise Price ($)(3) | | Option Expiration Date | | Number of RSUs that have not Vested (#)(4) | | Market Value of RSUs that have not Vested ($)(5) | | Equity Incentive Plan Awards: # of Unearned Shares, Units or Other Rights that have not Vested (#)(6) | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights that have not Vested ($)(5) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Doug Black | | | | | 02/06/19 | | | | | 0 | | | | | 66,873 | | | | | 51.59 | | | | | 02/06/29 | | | | | 11,145 | | | | | 1,008,177 | | | | | 11,145 | | | | | 1,008,177 | | | | | | 2/10/2022 | | | | | — | | | | | 20,152 | | | | | 179.40 | | | | | 2/10/2032 | | | | | 6,317 | | | | | 741,110 | | | | | 6,317 | | | | | 741,110 | | | |||||||||||||||||
| | | 02/14/18 | | | | | 16,797 | | | | | 50,390 | | | | | 77.04 | | | | | 02/14/28 | | | | | 5,599 | | | | | 506,486 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 02/17/17 | | | | | 43,571 | | | | | 43,570 | | | | | 38.73 | | | | | 02/17/27 | | | | | 4,841 | | | | | 437,917 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 05/19/14 | | | | | 747,448 | | | | | 0 | | | | | 5.50 | | | | | 05/19/24 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/11/2021 | | | | | 5,191 | | | | | 15,573 | | | | | 166.15 | | | | | 2/11/2031 | | | | | 4,513 | | | | | 529,465 | | | | | 6,018 | | | | | 706,032 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/5/2020 | | | | | 19,925 | | | | | 19,925 | | | | | 101.63 | | | | | 2/5/2030 | | | | | 3,320 | | | | | 389,502 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/6/2019 | | | | | 50,155 | | | | | 16,718 | | | | | 51.59 | | | | | 2/6/2029 | | | | | 2,786 | | | | | 326,854 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/14/2018 | | | | | 67,187 | | | | | — | | | | | 77.04 | | | | | 2/14/2028 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/17/2017 | | | | | 87,141 | | | | | — | | | | | 38.73 | | | | | 2/17/2027 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 5/19/2014 | | | | | 76,448 | | | | | — | | | | | 5.50 | | | | | 5/19/2024 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
John Guthrie | | | | | 02/06/19 | | | | | 0 | | | | | 13,083 | | | | | 51.59 | | | | | 02/06/29 | | | | | 2,180 | | | | | 197,203 | | | | | 2,180 | | | | | 197,203 | | | | | | 2/10/2022 | | | | | — | | | | | 4,149 | | | | | 179.40 | | | | | 2/10/2032 | | | | | 1,300 | | | | | 152,516 | | | | | 1,300 | | | | | 152,516 | | | |||||||||||||||||
| | | 02/14/18 | | | | | 3,359 | | | | | 10,078 | | | | | 77.04 | | | | | 02/14/28 | | | | | 1,120 | | | | | 101,315 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 02/17/17 | | | | | 4,295 | | | | | 9,295 | | | | | 38.73 | | | | | 02/17/27 | | | | | 1,032 | | | | | 93,355 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 09/30/14 | | | | | 20,000 | | | | | 0 | | | | | 5.50 | | | | | 09/30/24 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/11/2021 | | | | | 995 | | | | | 2,984 | | | | | 166.15 | | | | | 2/11/2031 | | | | | 865 | | | | | 101,482 | | | | | 1,153 | | | | | 135,270 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/5/2020 | | | | | 1,845 | | | | | 3,689 | | | | | 101.63 | | | | | 2/5/2030 | | | | | 614 | | | | | 72,034 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/6/2019 | | | | | 3,270 | | | | | 3,271 | | | | | 51.59 | | | | | 2/6/2029 | | | | | 545 | | | | | 63,939 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/14/2018 | | | | | 3,359 | | | | | — | | | | | 77.04 | | | | | 2/14/2028 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Briley Brisendine | | | | | 02/06/19 | | | | | 0 | | | | | 13,083 | | | | | 51.59 | | | | | 02/06/29 | | | | | 2,180 | | | | | 197,203 | | | | | 2,180 | | | | | 197,203 | | | | | | 2/10/2022 | | | | | — | | | | | 4,149 | | | | | 179.40 | | | | | 2/10/2032 | | | | | 1,300 | | | | | 152,516 | | | | | 1,300 | | | | | 152,516 | | | |||||||||||||||||
| | | 02/14/18 | | | | | 3,359 | | | | | 10,078 | | | | | 77.04 | | | | | 02/14/28 | | | | | 1,120 | | | | | 101,315 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 02/17/17 | | | | | 9,295 | | | | | 9,295 | | | | | 38.73 | | | | | 02/17/27 | | | | | 1,032 | | | | | 93,355 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 05/12/16 | | | | | 26,250 | | | | | 8,750 | | | | | 26.67 | | | | | 05/12/26 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 09/08/15 | | | | | 20,308 | | | | | 17,427 | | | | | 12.84 | | | | | 09/08/25 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/11/2021 | | | | | 1,081 | | | | | 3,244 | | | | | 166.15 | | | | | 2/11/2031 | | | | | 940 | | | | | 110,281 | | | | | 1,253 | | | | | 147,002 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/5/2020 | | | | | 4,428 | | | | | 4,427 | | | | | 101.63 | | | | | 2/5/2030 | | | | | 737 | | | | | 86,465 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/6/2019 | | | | | 9,812 | | | | | 3,271 | | | | | 51.59 | | | | | 2/6/2029 | | | | | 545 | | | | | 63,939 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/14/2018 | | | | | 13,437 | | | | | — | | | | | 77.04 | | | | | 2/14/2028 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/17/2017 | | | | | 18,590 | | | | | — | | | | | 38.73 | | | | | 2/17/2027 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 5/12/2016 | | | | | 35,000 | | | | | — | | | | | 26.67 | | | | | 5/12/2026 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 9/8/2015 | | | | | 1,035 | | | | | — | | | | | 12.84 | | | | | 9/8/2025 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Scott Salmon | | | | 3/11/2019 | | | | | 0 | | | | | 26,406 | | | | | 52.26 | | | | | 3/11/29 | | | | | 4,401 | | | | | 398,114 | | | | | 4,401 | | | | | 398,114 | | | | | | 2/10/2022 | | | | | — | | | | | 3,556 | | | | | 179.40 | | | | | 2/10/2032 | | | | | 1,114 | | | | | 130,694 | | | | | 1,114 | | | | | 130,694 | | | ||||||||||||||||||
Greg Weller | | | | | 5/15/2019 | | | | | 0 | | | | | 2,908 | | | | | 66.10 | | | | | 5/15/29 | | | | | 970 | | | | | 87,746 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2/6/2019 | | | | | 0 | | | | | 8,722 | | | | | 51.59 | | | | | 2/06/29 | | | | | 1,453 | | | | | 131,438 | | | | | 1,453 | | | | | 131,438 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2/14/2018 | | | | | 2,188 | | | | | 6,563 | | | | | 77.04 | | | | | 2/14/28 | | | | | 729 | | | | | 65,945 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2/17/2017 | | | | | 3,683 | | | | | 4,183 | | | | | 38.73 | | | | | 2/17/27 | | | | | 464 | | | | | 41,973 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 4/15/2015 | | | | | 7,284 | | | | | 9,294 | | | | | 8.02 | | | | | 4/15/25 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ross Anker | | | | | 02/06/19 | | | | | 0 | | | | | 4,569 | | | | | 51.59 | | | | | 9/30/20 | | | | | 761 | | | | | 68,840 | | | | | 1,059 | | | | | 95,797 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 02/14/18 | | | | | 3,359 | | | | | 4,619 | | | | | 77.04 | | | | | 9/30/20 | | | | | 513 | | | | | 46,406 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 02/17/17 | | | | | 0 | | | | | 6,353 | | | | | 38.73 | | | | | 9/30/20 | | | | | 706 | | | | | 63,865 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 01/09/15 | | | | | 0 | | | | | 41,825 | | | | | 7.07 | | | | | 9/30/20 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/11/2021 | | | | | 952 | | | | | 2,854 | | | | | 166.15 | | | | | 2/11/2031 | | | | | 827 | | | | | 97,024 | | | | | 1,103 | | | | | 129,404 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/5/2020 | | | | | 3,690 | | | | | 3,689 | | | | | 101.63 | | | | | 2/5/2030 | | | | | 614 | | | | | 72,034 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 3/11/2019 | | | | | 19,805 | | | | | 6,601 | | | | | 52.26 | | | | | 3/11/2029 | | | | | 1,100 | | | | | 129,052 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Joe Ketter | | | | 2/10/2022 | | | | | — | | | | | 3,259 | | | | | 179.40 | | | | | 2/10/2032 | | | | | 1,021 | | | | | 119,784 | | | | | 1,021 | | | | | 119,784 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/11/2021 | | | | | 822 | | | | | 2,465 | | | | | 166.15 | | | | | 2/11/2031 | | | | | 714 | | | | | 83,766 | | | | | 952 | | | | | 111,689 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/5/2020 | | | | | 3,321 | | | | | 3,320 | | | | | 101.63 | | | | | 2/5/2030 | | | | | 553 | | | | | 64,878 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/6/2019 | | | | | 6,542 | | | | | 2,180 | | | | | 51.59 | | | | | 2/6/2029 | | | | | 363 | | | | | 42,587 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/14/2018 | | | | | 8,750 | | | | | — | | | | | 77.04 | | | | | 2/14/2028 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2/17/2017 | | | | | 10,108 | | | | | — | | | | | 38.73 | | | | | 2/17/2027 | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 7/27/2015 | | | | | 46,690 | | | | | — | | | | | 12.84 | | | | | 7/27/2025 | | | | | — | | | | | — | | | | | — | | | | | — | | |
| | Option Awards | | Stock Awards | | | Option Awards | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||
Name | | Number of shares acquired on exercise (#) | | Value realized on exercise ($)(1) | | Number of shares acquired on vesting (#) | | Value realized on vesting ($)(2) | | | Number of shares acquired on exercise (#) | | Value realized on exercise ($)(1) | | Number of shares acquired on vesting (#)(2) | | Value realized on vesting ($)(2)(3) | | ||||||||||||||||||||||||||||||||
Doug Black | | | | 62,000 | | | | | 5,270,663 | | | | | 4,286 | | | | | 233,903 | | | | | | 252,000 | | | | | 34,709,360 | | | | | 14,459 | | | | | 2,175,892 | | | ||||||||
John Guthrie | | | | 64,124 | | | | | 4,557,208 | | | | | 890 | | | | | 48,587 | | | | | | — | | | | | — | | | | | 2,743 | | | | | 414,658 | | | ||||||||
Briley Brisendine | | | | 46,500 | | | | | 3,127,667 | | | | | 890 | | | | | 48,587 | | | | | | — | | | | | — | | | | | 3,075 | | | | | 458,901 | | | ||||||||
Scott Salmon | | | | — | | | | | — | | | | | — | | | | | — | | | | | | — | | | | | — | | | | | 2,913 | | | | | 438,835 | | | ||||||||
Greg Weller | | | | 5,250 | | | | | 390,015 | | | | | 476 | | | | | 25,936 | | | |||||||||||||||||||||||||||||
Ross Anker | | | | 49,299 | | | | | 2,639,216 | | | | | 890 | | | | | 48,587 | | | |||||||||||||||||||||||||||||
Joseph Ketter | | | | — | | | | | — | | | | | 2,226 | | | | | 329,779 | | |
| | | Estimated PSU Stock Awards | | |||||||||
| | | Number of shares vested (#) | | | Value realized on vesting ($) | | ||||||
Doug Black | | | | | 6,641 | | | | | | 779,122 | | |
John Guthrie | | | | | 1,229 | | | | | | 144,186 | | |
Briley Brisendine | | | | | 1,475 | | | | | | 173,047 | | |
Scott Salmon | | | | | 1,229 | | | | | | 144,186 | | |
Joseph Ketter | | | | | 1,106 | | | | | | 129,756 | | |
| | | Without Cause/ For Good Reason (No CIC)($) | | | Without Cause/ For Good Reason (In connection with CIC)($) | | | Death/Disability ($) | | | Retirement ($)(4) | | | CIC (No Termination) ($)(5) | | |||||||||||||||
Doug Black(1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Severance Pay (base salary and bonus components)(1) | | | | | 1,197,693 | | | | | | 1,197,693 | | | | | | — | | | | | | — | | | | | | — | | |
Employer-Paid COBRA(2) | | | | | 34,076 | | | | | | 34,076 | | | | | | 34,076 | | | | | | — | | | | | | — | | |
Value of Equity Award Acceleration(3) | | | | | 2,646,463 | | | | | | 8,490,219 | | | | | | 7,818,101 | | | | | | — | | | | | | 8,490,219 | | |
Total | | | | | 3,878,232 | | | | | | 9,721,988 | | | | | | 7,852,177 | | | | | | — | | | | | | 8,490,219 | | |
John Guthrie(1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Severance Pay (base salary and bonus components)(1) | | | | | 552,346 | | | | | | 552,346 | | | | | | — | | | | | | — | | | | | | — | | |
Employer-Paid COBRA(2) | | | | | 34,076 | | | | | | 34,076 | | | | | | 34,076 | | | | | | — | | | | | | — | | |
Value of Equity Award Acceleration(3) | | | | | 538,833 | | | | | | 1,713,711 | | | | | | 1,582,243 | | | | | | — | | | | | | 1,713,711 | | |
Total | | | | | 1,125,255 | | | | | | 2,300,133 | | | | | | 1,616,319 | | | | | | — | | | | | | 1,713,711 | | |
Briley Brisendine(1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Severance Pay (base salary and bonus components)(1) | | | | | 612,808 | | | | | | 612,808 | | | | | | — | | | | | | — | | | | | | — | | |
Employer-Paid COBRA(2) | | | | | 34,076 | | | | | | 34,076 | | | | | | 34,076 | | | | | | — | | | | | | — | | |
Value of Equity Award Acceleration(3) | | | | | 893,007 | | | | | | 3,624,635 | | | | | | 3,288,273 | | | | | | — | | | | | | 3,624,635 | | |
Total | | | | | 1,539,891 | | | | | | 4,271,519 | | | | | | 3,322,349 | | | | | | — | | | | | | 3,624,635 | | |
Scott Salmon(1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Severance Pay (base salary and bonus components)(1) | | | | | 428,077 | | | | | | 428,077 | | | | | | — | | | | | | — | | | | | | — | | |
Employer-Paid COBRA(2) | | | | | 22,704 | | | | | | 22,704 | | | | | | 22,704 | | | | | | — | | | | | | — | | |
Value of Equity Award Acceleration(3) | | | | | 415,041 | | | | | | 1,804,938 | | | | | | 1,539,528 | | | | | | — | | | | | | 1,804,938 | | |
Total | | | | | 865,822 | | | | | | 2,255,719 | | | | | | 1,562,233 | | | | | | — | | | | | | 1,804,938 | | |
Greg Weller(1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Severance Pay (base salary and bonus components)(1) | | | | | 467,885 | | | | | | 467,885 | | | | | | — | | | | | | — | | | | | | — | | |
Employer-Paid COBRA(2) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Value of Equity Award Acceleration(3) | | | | | 329,780 | | | | | | 1,939,192 | | | | | | 1,851,566 | | | | | | — | | | | | | 1,939,192 | | |
Total | | | | | 797,665 | | | | | | 2,407,077 | | | | | | 1,851,566 | | | | | | — | | | | | | 1,939,192 | | |
Ross Anker(6) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Severance Pay (base salary and bonus components) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Employer-Paid COBRA | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Value of Equity Award Acceleration(6) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 4,330,919 | | |
Total | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 4,330,919 | | |
| | | Without Cause/ For Good Reason (No CIC) ($) | | | Without Cause/ For Good Reason (In connection with CIC) ($) | | | Death/Disability ($) | | | Retirement ($)(4) | | | CIC (No Termination) ($)(5) | |
Doug Black | | | | | | | | | | | | | | | | |
Severance Pay (base salary and bonus components)(1) | | | 1,307,452 | | | 1,307,452 | | | — | | | — | | | — | |
Employer-Paid COBRA(2) | | | 37,608 | | | 37,608 | | | 37,608 | | | — | | | — | |
Value of Equity Award Acceleration(3) | | | 3,420,930 | | | 5,624,693 | | | 4,895,276 | | | — | | | 5,624,693 | |
Total | | | 4,765,990 | | | 6,969,753 | | | 4,932,884 | | | — | | | 5,624,693 | |
John Guthrie | | | | | | | | | | | | | | | | |
Severance Pay (base salary and bonus components)(1) | | | 739,904 | | | 739,904 | | | — | | | — | | | — | |
Employer-Paid COBRA(2) | | | 32,536 | | | 32,536 | | | 32,536 | | | — | | | — | |
Value of Equity Award Acceleration(3) | | | 659,306 | | | 1,094,827 | | | 948,060 | | | — | | | 1,094,827 | |
Total | | | 1,431,746 | | | 1,867,267 | | | 980,596 | | | — | | | 1,094,827 | |
Briley Brisendine | | | | | | | | | | | | | | | | |
Severance Pay (base salary and bonus components)(1) | | | 699,953 | | | 699,953 | | | — | | | — | | | — | |
Employer-Paid COBRA(2) | | | — | | | — | | | — | | | — | | | — | |
Value of Equity Award Acceleration(3) | | | 710,263 | | | 1,170,228 | | | 1,019,550 | | | — | | | 1,170,228 | |
Total | | | 1,410,216 | | | 1,870,181 | | | 1,019,550 | | | — | | | 1,170,228 | |
Scott Salmon | | | | | | | | | | | | | | | | |
Severance Pay (base salary and bonus components)(1) | | | 625,962 | | | 625,962 | | | — | | | — | | | — | |
Employer-Paid COBRA(2) | | | 47,695 | | | 47,695 | | | 47,695 | | | — | | | — | |
Value of Equity Award Acceleration(3) | | | 843,508 | | | 1,320,431 | | | 1,190,166 | | | — | | | 1,320,431 | |
Total | | | 1,517,165 | | | 1,994,088 | | | 1,237,861 | | | — | | | 1,320,431 | |
Joseph Ketter | | | | | | | | | | | | | | | | |
Severance Pay (base salary and bonus components)(1) | | | 550,961 | | | 550,961 | | | — | | | — | | | — | |
Employer-Paid COBRA(2) | | | 47,695 | | | 47,695 | | | 47,695 | | | — | | | — | |
Value of Equity Award Acceleration(3) | | | 515,999 | | | 867,626 | | | 750,540 | | | — | | | 867,626 | |
Total | | | 1,114,655 | | | 1,466,282 | | | 798,235 | | | — | | | 867,626 | |
| | Annual Retainer | | | Annual Retainer | | ||||||||
Board: | | | | | | | | | | | | | ||
All non-employee members | | | $ | 65,000 | | | | | $ | 75,000 | | | ||
Lead Director | | | $ | 35,000 | | | | | $ | 35,000 | | | ||
Audit Committee: | | | | | | | | | | | | | ||
Chair | | | $ | 32,500 | | | | | $ | 32,500 | | | ||
Non-Chair members | | | $ | 12,500 | | | | | $ | 12,500 | | | ||
Human Resources and Compensation Committee: | | | | | | | | | | | | | ||
Chair | | | $ | 25,000 | | | | | $ | 25,000 | | | ||
Non-Chair members | | | $ | 10,000 | | | | | $ | 10,000 | | | ||
Nominating and Corporate Governance Committee: | | | | | | | | | | | | | ||
Chair | | | $ | 17,500 | | | | | $ | 17,500 | | | ||
Non-Chair members | | | $ | 7,500 | | | | | $ | 7,500 | | |
Name | | Fees Earned or Paid in Cash ($) | | Stock Awards ($)(2) | | Total ($) | | | Fees Earned or Paid in Cash ($) | | Stock Awards ($)(2) | | Total ($) | | ||||||||||||||||||||||||
Fred Diaz | | | | —(1) | | | | | 190,646 | | | | | 190,646 | | | ||||||||||||||||||||||
Fred M. Diaz(1) | | | | — | | | | | 212,500 | | | | | 212,500 | | | ||||||||||||||||||||||
William W. Douglas III | | | | 135,364 | | | | | 105,000 | | | | | 240,364 | | | | | | 142,500 | | | | | 115,000 | | | | | 257,500 | | | ||||||
Larisa J. Drake | | | | 82,500 | | | | | 115,000 | | | | | 197,500 | | | ||||||||||||||||||||||
W. Roy Dunbar | | | | 73,146 | | | | | 105,000 | | | | | 178,146 | | | | | | 85,000 | | | | | 115,000 | | | | | 200,000 | | | ||||||
Jeri L. Isbell | | | | 93,791 | | | | | 105,000 | | | | | 198,791 | | | | | | 107,500 | | | | | 115,000 | | | | | 222,500 | | | ||||||
Jack L. Wyszomierski | | | | 92,218 | | | | | 105,000 | | | | | 197,218 | | | | | | 105,000 | | | | | 115,000 | | | | | 220,000 | | | ||||||
Larisa Drake | | | | 40,893 | | | | | 105,000 | | | | | 145,893 | | |
Position | | | Multiple | |
Non-Employee Director | | | 5x Annual Cash Retainer | |
Plan Category | | Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights(1) | | Weighted Average Exercise Price of Outstanding Options ($) | | Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (excluding securities reflected in first column) | | | Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights(1) | | Weighted Average Exercise Price of Outstanding Options ($) | | Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (excluding securities reflected in first column) | | ||||||||||||||||||||||||
Equity compensation plans approved by stockholders | | | | | | | | | | | | | | | | | | | | 1,281,494 | | | | $ | 66.91 | | | | | 2,084,937 | | | ||||||
Equity compensation plans not approved by stockholders | | | | 2,208,529 | | | | $ | 26.67 | | | | | 753,375 | | | | | | — | | | | | — | | | | | — | | |
Year | | | Summary Compensation Table for CEO ($)(1) | | | Compensation Actually Paid to CEO ($)(2) | | | Average Summary Compensation Table Total for Non-CEO NEOs ($)(3) | | | Average Compensation Actually Paid to Non-CEO NEOs ($)(2) | | | Value of Fixed $100 Investment Based On: | | | Net Income (in millions) ($)(6) | | | Adjusted EBITDA (in millions) ($)(7) | | |||||||||||||||||||||||||||
| Total Shareholder Return ($)(4) | | | Peer Group Total Shareholder Return ($)(5) | | ||||||||||||||||||||||||||||||||||||||||||||
2022 | | | | | 5,474,181 | | | | | | (7,208,968) | | | | | | 1,383,791 | | | | | | (1,091,239) | | | | | | 129.69 | | | | | | 146.67 | | | | | | 245.4 | | | | | | 464.3 | | |
2021 | | | | | 6,048,793 | | | | | | 17,892,904 | | | | | | 1,489,575 | | | | | | 3,737,437 | | | | | | 267.83 | | | | | | 168.96 | | | | | | 238.4 | | | | | | 415.1 | | |
2020 | | | | | 4,875,559 | | | | | | 17,020,954 | | | | | | 1,197,365 | | | | | | 3,611,711 | | | | | | 175.36 | | | | | | 126.46 | | | | | | 121.3 | | | | | | 260.2 | | |
CEO Adjustments(a)(b) | | | 2022 ($) | | | 2021 ($) | | | 2020 ($) | | |||||||||
Summary Compensation Table Total | | | | | 5,474,181 | | | | | | 6,048,793 | | | | | | 4,875,559 | | |
Deduct Equity Awards included in Summary Compensation Table | | | | | (3,424,675) | | | | | | (2,997,491) | | | | | | (2,384,356) | | |
Add Fair Value of Awards Granted in Current Year and Outstanding and Unvested at Year-End | | | | | 2,294,950 | | | | | | 5,505,353 | | | | | | 5,361,872 | | |
Add Change in Fair Value of Awards Granted in Prior Year and Outstanding and Unvested at Year-End | | | | | (7,411,707) | | | | | | 7,944,354 | | | | | | 8,405,211 | | |
Add Change in Fair Value of Awards Granted in Prior Year that Vested during Year | | | | | (4,141,717) | | | | | | 1,391,895 | | | | | | 762,668 | | |
Total CAP | | | | | (7,208,968) | | | | | | 17,892,904 | | | | | | 17,020,954 | | |
Non-CEO Adjustments(a)(b) | | | 2022 ($) | | | 2021 ($) | | | 2020 ($) | | |||||||||
Summary Compensation Table Total | | | | | 1,383,791 | | | | | | 1,489,575 | | | | | | 1,197,365 | | |
Deduct Equity Awards included in Summary Compensation Table | | | | | (641,866) | | | | | | (584,358) | | | | | | (452,406) | | |
Add Fair Value of Awards Granted in Current Year and Outstanding and Unvested at Year-End | | | | | 430,132 | | | | | | 1,043,847 | | | | | | 1,017,455 | | |
Add Change in Fair Value of Awards Granted in Prior Year and Outstanding and Unvested at Year-End | | | | | (1,485,813) | | | | | | 1,500,370 | | | | | | 1,557,527 | | |
Add Change in Fair Value of Awards Granted in Prior Year that Vested during Year | | | | | (777,483) | | | | | | 288,003 | | | | | | 291,770 | | |
Total CAP | | | | | (1,091,239) | | | | | | 3,737,437 | | | | | | 3,611,711 | | |
Financial Performance Measures | |
Adjusted EBITDA | |
Organic Daily Sales | |
Relative EBTA Growth | |
ROIC | |
| | | 2019 | | | 2018 | | | 2017 | | | 3-Year Average | | ||||||||||||
Stock Options Granted | | | | | 297,421 | | | | | | 289,232 | | | | | | 400,145 | | | | | | — | | |
Stock-Settled Time-Vested Restricted Shares/Units Granted | | | | | 115,601 | | | | | | 51,462 | | | | | | 68,669 | | | | | | — | | |
Stock-Settled Performance-Based Shares/Units Granted(1) | | | | | 29,836 | | | | | | 0 | | | | | | 0 | | | | | | — | | |
Weighted-Average Basic Common Shares Outstanding | | | | | 41,218,843 | | | | | | 40,488,196 | | | | | | 39,754,595 | | | | | | — | | |
Share Usage Rate | | | | | 1.07% | | | | | | 0.84% | | | | | | 1.18% | | | | | | 1.03% | | |
| Stock Options Outstanding | | | | | 1,878,318 | | |
| Weighted-Average Exercise Price of Outstanding Stock Options/SARs | | | | $ | 32.52 | | |
| Weighted-Average Remaining Term of Outstanding Stock Options/SARS | | | | | 6.11 | | |
| Total Stock-Settled Full-Value Awards Outstanding | | | | | 252,522 | | |
| Proposed share reserve under the 2020 Omnibus Plan* | | | | | 2,158,548 | | |
| Basic common shares outstanding as of the record date (March 17, 2020) | | | | | 41,857,684 | | |
![]() | |||||||||||||
Name of Beneficial Owner | | Shares Beneficially Owned | | Percent | | | Shares Beneficially Owned | | Percent | | ||||||||||||||||
Baillie Gifford & Co.(1) | | | | 3,817,917 | | | | | 9.2% | | | |||||||||||||||
T. Rowe Price Associates, Inc.(2) | | | | 3,623,301 | | | | | 8.7% | | | |||||||||||||||
The Vanguard Group(3) | | | | 3,764,650 | | | | | 9.1% | | | |||||||||||||||
BlackRock Inc.(4) | | | | 2,895,370 | | | | | 7.0% | | | |||||||||||||||
W. Roy Dunbar(5) | | | | 4,761 | | | | | * | | | |||||||||||||||
Fred M. Diaz(5) | | | | 6,280 | | | | | * | | | |||||||||||||||
William W. Douglas, III(5) | | | | 12,210 | | | | | * | | | |||||||||||||||
Jeri L. Isbell(5) | | | | 5,718 | | | | | * | | | |||||||||||||||
Jack L. Wyszomierski(5) | | | | 12,210 | | | | | * | | | |||||||||||||||
Larisa Drake (5) | | | | 1,589 | | | | | * | | | |||||||||||||||
Doug Black(6) | | | | 1,208,452 | | | | | 2.89% | | | |||||||||||||||
John Guthrie(6) | | | | 24,325 | | | | | * | | | |||||||||||||||
Briley Brisendine(6) | | | | 94,399 | | | | | * | | | |||||||||||||||
Scott Salmon(6) | | | | 7,369 | | | | | * | | | |||||||||||||||
Greg Weller(6) | | | | 27,932 | | | | | * | | | |||||||||||||||
All current directors and executive officers as a group (12 persons)(6) | | | | 1,462,158 | | | | | 3.49% | | | |||||||||||||||
T. Rowe Price Associates, Inc.(1) | | | | 5,599,387 | | | | | 12.4% | | | |||||||||||||||
Kayne Anderson Rudnick Investment Management LLC(2) | | | | 4,561,836 | | | | | 10.1% | | | |||||||||||||||
The Vanguard Group(3) | | | | 4,058,815 | | | | | 9.0% | | | |||||||||||||||
Baillie Gifford & Co.(4) | | | | 2,469,274 | | | | | 5.5% | | | |||||||||||||||
W. Roy Dunbar(5) | | | | 7,617 | | | | | * | | | |||||||||||||||
Fred M. Diaz(5) | | | | 11,267 | | | | | * | | | |||||||||||||||
William W. Douglas III(5) | | | | 15,066 | | | | | * | | | |||||||||||||||
Jeri L. Isbell(5) | | | | 8,574 | | | | | * | | | |||||||||||||||
Jack L. Wyszomierski(5) | | | | 15,066 | | | | | * | | | |||||||||||||||
Larisa J. Drake(5) | | | | 4,445 | | | | | * | | | |||||||||||||||
Doug Black(6) | | | | 876,552 | | | | | 1.9% | | | |||||||||||||||
John Guthrie(6) | | | | 31,909 | | | | | * | | | |||||||||||||||
Briley Brisendine(6) | | | | 100,146 | | | | | * | | | |||||||||||||||
Scott Salmon(6) | | | | 43,324 | | | | | * | | | |||||||||||||||
Joseph Ketter(6) | | | | 91,797 | | | | | * | | | |||||||||||||||
All current directors and executive officers as a group (11 persons) | | | | 1,205,763 | | | | | 2.7% | | |
| ① | | | View our proxy materials on the Internet | |
| ② | | | View your shares | |
| ③ | | | Request printed copies of these materials, including the proxy card or voting instruction card | |
| Proposal 1: | | | Elect the two Class I nominees named in this Proxy Statement as Class I directors for a term expiring at the 2026 Annual Meeting of Stockholders. | |
| Proposal 2: | | ��� | Ratify the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. | |
| Proposal 3: | | | Hold a non-binding advisory vote to approve executive compensation. | |
| Proposal 4: | | | Hold a non-binding advisory vote on the frequency of future advisory votes to approve executive compensation. | |
| Other Proposals: | | | Transact such other business as may properly come before the Annual Meeting or any reconvened meeting following any adjournment or postponement thereof. | |
| Proposal 1: | | | “FOR” both of the Class I nominees named in this Proxy Statement as Class I directors for a term expiring at the 2026 Annual Meeting of Stockholders. | |
| Proposal 2: | | | “FOR” the ratification of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. | |
| Proposal 3: | | | “FOR” the non-binding advisory vote to approve executive compensation. | |
| Proposal 4: | | | For “EVERY YEAR” on the non-binding advisory vote on the frequency of future advisory votes to approve executive compensation. | |
| Other Proposals: | | | At the discretion of Doug Black and Briley Brisendine, the persons designated as proxies for the Annual Meeting, either “FOR”, “AGAINST” or “ABSTAIN” with regard to any other business that may properly come before the Annual Meeting. | |
| | | | Proposal(1) | | | Stockholder Vote Required for Approval | | | Effect of Abstentions | | | Effect of Broker Non-Votes(2) | |
| ① | | | Election of Class I Directors | | | Plurality | | | No effect | | | No effect | |
| ② | | | Ratification of the selection of Deloitte & Touche LLP as our independent public accounting firm | | | Majority | | | Counts as vote against proposal | | | There will be no broker non-votes | |
| ③ | | | Advisory vote to approve executive compensation(3) | | | Majority | | | Counts as vote against proposal | | | No effect | |
| ④ | | | Advisory vote on the frequency of future advisory votes to approve executive compensation(3) | | | Majority | | | Counts as vote against each of the three frequency alternatives | | | No effect | |
| | | | If you are a Stockholder of Record | | | If you are a Beneficial Owner of Shares Held in Street Name | |
| By Internet (24 hours a day)(1) | | | www.proxyvote.com | | | www.proxyvote.com | |
| By Telephone (24 hours a day)(1) | | | 1-800-690-6903 | | | 1-800-454-8683 | |
| By Mail | | | Return a properly executed and dated proxy card in the pre-paid envelope we have provided | | | Return a properly executed and dated voting instruction form by mail, depending upon the method(s) your bank, brokerage firm, broker-dealer or similar organization makes available | |
| At the Annual Meeting(1) | | | For instructions on voting, please refer to the section below entitled “Can I Vote In Person At The Annual Meeting?” | | | For instructions on voting, please refer to the section below entitled “Can I Vote In Person At The Annual Meeting?” | |
| | | | 2019 Fiscal Year | | | | 2018 Fiscal Year | | | | | 2022 Fiscal Year | | | | 2021 Fiscal Year | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(In millions, unaudited) | | | | Year | | | | Qtr 4 | | Qtr 3 | | Qtr 2 | | Qtr 1 | | | | Year | | | | Qtr 4 | | Qtr 3 | | Qtr 2 | | Qtr 1 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | Year | | | | Qtr 4 | | Qtr 3 | | Qtr 2 | | Qtr 1 | | | | Year | | | | Qtr 4 | | Qtr 3 | | Qtr 2 | | Qtr 1 | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reported Net income (loss) | | | | | $ | 77.7 | | | | | | $ | 2.5 | | | | $ | 34.6 | | | | $ | 64.7 | | | | $ | (24.1) | | | | | | $ | 73.9 | | | | | | $ | (2.1) | | | | $ | 29.9 | | | | $ | 63.1 | | | | $ | (17.0) | | | | | | | $ | 245.4 | | | | | | $ | (0.9) | | | | $ | 73.3 | | | | $ | 140.7 | | | | $ | 32.3 | | | | | | $ | 238.4 | | | | | | $ | 27.5 | | | | $ | 80.0 | | | | $ | 123.5 | | | | $ | 7.4 | | | ||||||||||||
Income tax (benefit) expense | | | | | | 13.8 | | | | | | | (5.6) | | | | | 9.7 | | | | | 19.3 | | | | | (9.6) | | | | | | | 1.3 | | | | | | | (5.6) | | | | | 2.4 | | | | | 14.7 | | | | | (10.2) | | | | | | | | 67.7 | | | | | | | (4.6) | | | | | 22.9 | | | | | 44.8 | | | | | 4.6 | | | | | | | 56.1 | | | | | | | 2.7 | | | | | 19.1 | | | | | 36.8 | | | | | (2.5) | | | ||||||||||||
Interest expense, net | | | | | | 33.4 | | | | | | | 7.5 | | | | | 8.2 | | | | | 8.7 | | | | | 9.0 | | | | | | | 32.1 | | | | | | | 8.3 | | | | | 9.2 | | | | | 8.0 | | | | | 6.6 | | | | | | | | 20.0 | | | | | | | 5.5 | | | | | 5.6 | | | | | 4.6 | | | | | 4.3 | | | | | | | 19.2 | | | | | | | 5.1 | | | | | 4.3 | | | | | 4.3 | | | | | 5.5 | | | ||||||||||||
Depreciation & amortization | | | | | | 59.5 | | | | | | | 14.8 | | | | | 14.6 | | | | | 14.7 | | | | | 15.4 | | | | | | | 52.3 | | | | | | | 14.0 | | | | | 14.1 | | | | | 12.5 | | | | | 11.7 | | | | | | | | 103.8 | | | | | | | 31.6 | | | | | 27.4 | | | | | 23.1 | | | | | 21.7 | | | | | | | 83.0 | | | | | | | 22.3 | | | | | 21.0 | | | | | 20.3 | | | | | 19.4 | | | ||||||||||||
EBITDA | | | | | | 184.4 | | | | | | | 19.2 | | | | | 67.1 | | | | | 107.4 | | | | | (9.3) | | | | | | | 159.6 | | | | | | | 14.6 | | | | | 55.6 | | | | | 98.3 | | | | | (8.9) | | | | | | | | 436.9 | | | | | | | 31.6 | | | | | 129.2 | | | | | 213.2 | | | | | 62.9 | | | | | | | 396.7 | | | | | | | 57.6 | | | | | 124.4 | | | | | 184.9 | | | | | 29.8 | | | ||||||||||||
Stock-based compensation(a) | | | | | | 11.7 | | | | | | | 2.0 | | | | | 2.5 | | | | | 5.4 | | | | | 1.8 | | | | | | | 7.9 | | | | | | | 1.8 | | | | | 1.9 | | | | | 2.1 | | | | | 2.1 | | | | | | | | 18.3 | | | | | | | 4.3 | | | | | 4.5 | | | | | 5.8 | | | | | 3.7 | | | | | | | 14.3 | | | | | | | 3.1 | | | | | 3.5 | | | | | 4.6 | | | | | 3.1 | | | ||||||||||||
(Gain) loss on sale of assets(b) | | | | | | 0.3 | | | | | | | 0.1 | | | | | 0.1 | | | | | — | | | | | 0.1 | | | | | | | (0.4) | | | | | | | (0.1) | | | | | (0.3) | | | | | 0.1 | | | | | (0.1) | | | | | | | | (0.8) | | | | | | | 0.2 | | | | | (0.7) | | | | | (0.2) | | | | | (0.1) | | | | | | | (0.1) | | | | | | | 0.2 | | | | | (0.2) | | | | | (0.2) | | | | | 0.1 | | | ||||||||||||
Financing fees(c) | | | | | | — | | | | | | | — | | | | | — | | | | | — | | | | | — | | | | | | | 0.8 | | | | | | | 0.1 | | | | | 0.7 | | | | | — | | | | | — | | | | | | | | 0.3 | | | | | | | — | | | | | 0.1 | | | | | 0.2 | | | | | — | | | | | | | 0.7 | | | | | | | — | | | | | — | | | | | — | | | | | 0.7 | | | ||||||||||||
Acquisitions and other adjustments(d) | | | | | | 4.7 | | | | | | | 0.9 | | | | | 0.8 | | | | | 1.5 | | | | | 1.5 | | | | | | | 8.1 | | | | | | | 1.7 | | | | | 2.1 | | | | | 2.5 | | | | | 1.8 | | | | | | | | 9.6 | | | | | | | 2.8 | | | | | 2.5 | | | | | 3.0 | | | | | 1.3 | | | | | | | 3.5 | | | | | | | 0.9 | | | | | 0.5 | | | | | 1.3 | | | | | 0.8 | | | ||||||||||||
Adjusted EBITDA(e) | | | | | $ | 201.1 | | | | | | $ | 22.2 | | | | $ | 70.5 | | | | $ | 114.3 | | | | $ | (5.9) | | | | | | $ | 176.0 | | | | | | $ | 18.1 | | | | $ | 60.0 | | | | $ | 103.0 | | | | $ | (5.1) | | | | | | | $ | 464.3 | | | | | | $ | 38.9 | | | | $ | 135.6 | | | | $ | 222.0 | | | | $ | 67.8 | | | | | | $ | 415.1 | | | | | | $ | 61.8 | | | | $ | 128.2 | | | | $ | 190.6 | | | | $ | 34.5 | | |
| | | | 2022 Fiscal Year | | | | 2021 Fiscal Year | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | Year | | | | Qtr 4 | | | Qtr 3 | | | Qtr 2 | | | Qtr 1 | | | | Year | | | | Qtr 4 | | | Qtr 3 | | | Qtr 2 | | | Qtr 1 | | ||||||||||||||||||||||||||||||
Reported Net sales | | | | | $ | 4,014.5 | | | | | | $ | 890.0 | | | | | $ | 1,102.6 | | | | | $ | 1,216.6 | | | | | $ | 805.3 | | | | | | $ | 3,475.7 | | | | | | $ | 805.2 | | | | | $ | 936.4 | | | | | $ | 1,083.9 | | | | | $ | 650.2 | | |
Organic sales(a) | | | | | | 3,738.4 | | | | | | | 815.0 | | | | | | 1,017.8 | | | | | | 1,145.5 | | | | | | 760.1 | | | | | | | 3,386.4 | | | | | | | 772.1 | | | | | | 908.2 | | | | | | 1,057.7 | | | | | | 648.4 | | |
Acquisition contribution(b) | | | | | | 276.1 | | | | | | | 75.0 | | | | | | 84.8 | | | | | | 71.1 | | | | | | 45.2 | | | | | | | 89.3 | | | | | | | 33.1 | | | | | | 28.2 | | | | | | 26.2 | | | | | | 1.8 | | |
Selling Days | | | | | | 252 | | | | | | | 60 | | | | | | 63 | | | | | | 64 | | | | | | 65 | | | | | | | 253 | | | | | | | 61 | | | | | | 63 | | | | | | 64 | | | | | | 65 | | |
Organic Daily Sales | | | | | $ | 14.8 | | | | | | $ | 13.6 | | | | | $ | 16.2 | | | | | $ | 17.9 | | | | | $ | 11.7 | | | | | | $ | 13.4 | | | | | | $ | 12.7 | | | | | $ | 14.4 | | | | | $ | 16.5 | | | | | $ | 10.0 | | |