| | NOTICE OF | | |
| | LOCATION DETAILS | | |
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| TIME: 8:00 a.m. Eastern Time, on Thursday, | | | |
| | PLACE: Virtual | | |
| | ITEMS OF BUSINESS | | |
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| ITEM 1 To elect | | | |
| | ITEM 2 To ratify the appointment of RSM US LLP as the | | |
| | ITEM 3 To approve, on an advisory basis, the compensation paid to our named executive officers, as described herein. | | |
| | ITEM 4 | ||
To transact such other business as may properly come before the meeting or any adjournments, postponements or continuations of the meeting. | | | ||
| | WHO CAN VOTE? | | |
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| | You can vote if you were a shareholder at the close of business on | | |
| | ANNUAL REPORT TO SHAREHOLDERS AND ANNUAL REPORT ON FORM 10-K | | |
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| | MAILING OR AVAILABILITY DATE | | |
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| | Beginning on or about | | |
| | ABOUT PROXY VOTING | | |
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| | Your vote is important. Proxy voting permits shareholders unable to attend the | | |
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| DATE | | | | | CORPORATE WEBSITE | | | | ||
| TIME | | | 8:00 a.m. Eastern Time | | | INVESTOR RELATIONS WEBSITE | | | https:// (under “Investors”) | |
| LOCATION | | | Virtual at: www.virtualshareholdermeeting.com/ VVX2023 | | | ANNUAL REPORT ON FORM 10-K | | | https:// (under “Investors” then “SEC Filings” then “Documents”) | |
| RECORD DATE | | | | | CODE OF CONDUCT | | | https:// (under “Investors” then “Governance Documents”) | | |
| TRANSFER AGENT | | | Computershare Trust Company, | | | | | | | |
| CORPORATE HEADQUARTERS | | | Suite McLean, Virginia 22102 | | | | | | | |
| ANNUAL MEETING OF SHAREHOLDERS | | ||||
| AGENDA ITEMS TO BE VOTED ON | | | | MANAGEMENT RECOMMENDATION | |
| ITEM 1. ELECTION OF DIRECTORS | | ||||
| To elect Class − −Melvin F. Parker −Stephen L. | | | | FOR EACH CLASS | |
| ITEM 2. RATIFICATION OF THE APPOINTMENT OF RSM US LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | | ||||
| To ratify the appointment of RSM US LLP as the Company’s Independent Registered Public Accounting Firm for | | | | FOR | |
| ITEM 3. ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION | | ||||
| To approve, on an advisory basis, the compensation of our named executive officers, as described in the | | | | FOR | |
DIRECTORS STANDING FOR ELECTION | | | | INDEPENDENT | | | | COMMITTEE ASSIGNMENT | |
| | | NO | | | | Member of the | | |
| | | | | | | |||
Stephen L. Waechter | | | | YES | | | | Chair of the Audit Committee and Member of the Nominating and Governance Committee | |
NUMBER OF | | ||||
Board | | | | | |
Audit Committee | | | | 12 | |
Compensation and Personnel Committee | | | | 9 | |
Nominating and Governance Committee | | | | 6 | |
Strategy Committee | | | | 5 | |
| |||||
Cash Retainer | | | | $85,000 | |
Restricted Stock Units | | | | $130,000 | |
Audit Committee Chair – Incremental Compensation | | | | $20,000 Cash Retainer | |
Compensation and Personnel Committee Chair – Incremental Compensation | | | | $17,500 Cash Retainer | |
Nominating and Governance Committee Chair – Incremental Compensation | | | | $15,000 Cash Retainer | |
Strategy Committee Chair – Incremental Compensation | | | | $15,000 Cash Retainer | |
Non-Executive Chairman – Incremental Compensation | | | | $50,000 Cash Retainer and Unit | |
Director Share Ownership Guidelines | | | | 5 X the Annual Cash Retainer Amount | |
| | KEY PRINCIPLES AND PRACTICES | | | |||
| | | | Independent Chairman of the Board. | | | |
| | | | Majority vote standard in uncontested elections. | | | |
| | | | Restriction on the number of boards of publicly-traded companies on which members of our Board of Directors (each a “Director”) may serve to avoid overboarding, including the number of boards on which a Director who is a CEO may serve. See “Information About the Board of Directors and Other Matters — Corporate Governance Principles” below. | | | |
| | | | Annual Board and Committee evaluations. | | | |
| | | | Risk oversight by the Board and Audit Committee, and consideration by the Compensation and Personnel Committee of enterprise risk factors in establishing executive compensation design and objectives. | | | |
| | | | Compensation substantially tied to performance. | | | |
| | | | | | ||
| | | | No tax gross-ups on perquisites or in connection with a change in control. Tax protection may be provided for amounts associated with relocation. | | | |
| | | | Policy against hedging, pledging or speculating in Company stock. | | | |
| | | | Share ownership guidelines for Directors and officers. | | | |
| | | | | | ||
| | | | No poison pill. | | | |
| | | | Regular executive sessions of the Board and each Committee without management present. | | | |
| | | | Board regularly reviews Board | | | |
| | | | Annual review by the Board of the Corporate Governance Principles and by the Committees of their respective charters | | |
| | WE DO… | | | |||
| | | | Use an independent compensation consultant. | | | |
| | | | Pay for performance. | | | |
| | | | | | ||
| | | | Conduct an annual | | | |
| | | | Mitigate compensation risk through oversight | | | |
| | | | Maintain | | | |
| | | | Provide for a minimum vesting period of one year for employee equity grants, and generally provide in our employee award agreements for vesting in equal annual installments over a three-year period for our restricted stock | | | |
| | | | | |
| | WE DO NOT… | | | |||
| | | | Reprice stock options. | | | |
| | | | Provide tax gross-ups for perquisites or in connection with a change in control; however, tax protection may be provided for costs associated with relocation. | | | |
| | | | Guarantee minimum bonus payments. | | | |
| | | | Provide for automatic base salary increases. | | | |
| | | | Have fixed-term employment arrangements with our named executive officers. All named executive officers are at-will employees. | | | |
| | | | Provide a traditional pension | | |
| | | | | | |||
| BY INTERNET | | | BY TELEPHONE (FROM U.S.) | | | BY MAIL | |
| | CEO | | | 5 X Annual Base Salary | | |
| | CFO | | | 3 X Annual Base Salary | | |
| | Senior Vice Presidents | | | 2 X Annual Base Salary | | |
| | Corporate Vice | | | 1 X Annual Base Salary | | |
| | Presidents | | | | | |
| | | | | | Amount and Nature of Beneficial Ownership(1) | | | | Additional Economic Linkage Information | | | | | | | | Amount and Nature of Beneficial Ownership(1) | | | | Additional Economic Linkage Information | | | ||||||||||||||||||||||||||||||||
| | Name and Address of Beneficial Owner | | | | Shares Owned(2) | | | | Right to Acquire(3) | | | | Total Shares Beneficially Owned | | | | Percent Beneficially Owned | | | | Total RSUs | | | | Total Unvested Options | | | | Name and Address of Beneficial Owner | | | | Shares Owned(2) | | | | Right to Acquire(3) | | | | Total Shares Beneficially Owned | | | | Percent Beneficially Owned | | | | Total RSUs | | | | Total Unvested Options | | |
| | 5% Shareholders | | | | 5% Shareholders | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| | Vertex Aerospace Holdco LLC(4) | | | | 18,591,866 | | | | — | | | | 18,591,866 | | | | 61.1% | | | | — | | | | — | | | | Vertex Aerospace Holdco LLC(4) | | | | 18,967,286 | | | | — | | | | 18,967,286 | | | | 61.2% | | | | — | | | | — | | |
| | FMR LLC(5) | | | | 1,567,821 | | | | — | | | | 1,567,821 | | | | 5.2% | | | | — | | | | — | | | | FMR LLC(5) | | | | 2,023,836 | | | | — | | | | 2,023,836 | | | | 6.5% | | | | — | | | | — | | |
| | Directors, Director Nominees and Named Executive Officers(7) | | | | Directors, Director Nominees and Named Executive Officers(7) | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| | Mary L. Howell | | | | 27,819 | | | | — | | | | 27,819 | | | | * | | | | 3,816 | | | | — | | | | Mary L. Howell | | | | 27,819 | | | | 3,816 | | | | 31,635 | | | | * | | | | 3,816 | | | | — | | |
| | Dino M. Cusumano(4) | | | | — | | | | — | | | | — | | | | * | | | | — | | | | — | | | | John “Ed” Boyington, Jr. | | | | 317,524 | | | | — | | | | 317,524 | | | | * | | | | — | | | | — | | |
| | Lee E. Evangelakos | | | | — | | | | — | | | | — | | | | * | | | | — | | | | — | | | | Dino M. Cusumano(4) | | | | 18,875,421 | | | | — | | | | 18,875,421 | | | | * | | | | — | | | | — | | |
| | Melvin F. Parker | | | | 11,577 | | | | — | | | | 11,577 | | | | * | | | | 3,816 | | | | — | | | | Lee E. Evangelakos | | | | — | | | | — | | | | — | | | | * | | | | — | | | | — | | |
| | Eric M. Pillmore | | | | 30,079 | | | | — | | | | 30,079 | | | | * | | | | 3,816 | | | | — | | | | Melvin F. Parker | | | | 11,577 | | | | 3,816 | | | | 15,393 | | | | * | | | | 3,816 | | | | — | | |
| | Joel M. Rotroff | | | | — | | | | — | | | | — | | | | * | | | | — | | | | — | | | | Eric M. Pillmore | | | | 31,069 | | | | 3,816 | | | | 34,885 | | | | * | | | | 3,816 | | | | — | | |
| | Neil D. Snyder | | | | — | | | | — | | | | — | | | | * | | | | — | | | | — | | | | Joel M. Rotroff | | | | — | | | | — | | | | — | | | | * | | | | — | | | | — | | |
| | Stephen L. Waechter(6) | | | | 33,579 | | | | — | | | | 33,579 | | | | * | | | | 3,816 | | | | — | | | | Neil D. Snyder | | | | — | | | | — | | | | — | | | | * | | | | — | | | | — | | |
| | Phillip C. Widman | | | | 32,579 | | | | — | | | | 32,579 | | | | * | | | | 3,816 | | | | — | | | | Stephen L. Waechter(6) | | | | 34,579 | | | | 3,816 | | | | 38,395 | | | | * | | | | 3,816 | | | | — | | |
| | Charles L. Prow | | | | 63,818 | | | | 21,898 | | | | 85,716 | | | | * | | | | 52,615 | | | | — | | | | Phillip C. Widman | | | | 32,579 | | | | 3,816 | | | | 36,395 | | | | * | | | | 3,816 | | | | — | | |
| | John Edward Boyington Jr. | | | | — | | | | — | | | | — | | | | * | | | | 517,918 | | | | — | | | | Charles L. Prow | | | | 78,349 | | | | 21,898 | | | | 100,247 | | | | * | | | | 73,523 | | | | — | | |
| | Kevin T. Boyle | | | | 10,332 | | | | — | | | | 10,332 | | | | * | | | | 8,342 | | | | — | | | | Susan D. Lynch | | | | 10,760 | | | | — | | | | 10,760 | | | | * | | | | 16,984 | | | | — | | |
| | Susan L. Deagle | | | | 10,246 | | | | 5,618 | | | | 15,864 | | | | * | | | | 10,949 | | | | — | | | | William W. Beard | | | | 19,281 | | | | — | | | | 19,281 | | | | * | | | | 94,924 | | | | — | | |
| | Susan D. Lynch | | | | 6,937 | | | | — | | | | 6,937 | | | | * | | | | 12,300 | | | | — | | | | Richard Mendoza | | | | 12,667 | | | | — | | | | 12,667 | | | | * | | | | 54,620 | | | | — | | |
| | Kenneth W. Shreves | | | | 6,810 | | | | — | | | | 6,810 | | | | * | | | | 6,404 | | | | — | | | | All Directors, Director nominees and current executive officers as a group (19 persons) | | | | 19,505,696 | | | | 46,596 | | | | 19,552,292 | | | | 63.1% | | | | 312,718 | | | | — | | |
| | David A. Hathaway | | | | 8,313 | | | | — | | | | 8,313 | | | | * | | | | — | | | | — | | | ||||||||||||||||||||||||||||
| | All Directors, Director nominees and current executive officers as a group (19 persons) | | | | 248,752 | | | | 28,105 | | | | 276,857 | | | | 0.9% | | | | 829,418 | | | | — | | |
| | | | |||||||
| | |||||||||
| AGE | | | |||||||
| | |||||||||
| ||||||||||
DIRECTOR SINCE | | |||||||||
| | 2022 | | | ||||||
| | | | |||||||
| | COMMITTEE ASSIGNMENTS | | | ||||||
| | Strategy Committee, Member | | | ||||||
| | | | |||||||
| | Mr. Boyington has extensive experience as an executive in the defense contracting and aerospace industries, and has served | | |
| | | | MELVIN F. PARKER | | | ||||
| AGE | | | 55 | | | ||||
| DIRECTOR SINCE | | | 2014 | | | ||||
| | | | |||||||
| | COMMITTEE ASSIGNMENTS | | | ||||||
| | Nominating and Governance Committee, Chair; Audit Committee, Member; Strategy Committee, Member | | | ||||||
| | | | |||||||
| | Mr. Parker has extensive management and leadership experience as a senior executive for a number of public | | |
| | | | STEPHEN L. WAECHTER | | | ||||
| AGE | | | 72 | | | ||||
| DIRECTOR SINCE | | | 2014 | | | ||||
| | | | |||||||
| | COMMITTEE ASSIGNMENTS | | | ||||||
| | Audit Committee, Chair; Nominating and Governance Committee, Member | | | ||||||
| | | | |||||||
| | Mr. Waechter has extensive financial and leadership experience as chief financial officer of several government contractors and other public companies. Mr. Waechter has also served as a director and as an audit committee chair of one public and several private companies. He has an extensive background with mergers and | | |
| | | | DINO M. CUSUMANO | | | ||||
| AGE | | | 48 | | | ||||
| DIRECTOR SINCE | | | 2022 | | | ||||
| | | | |||||||
| | COMMITTEE ASSIGNMENTS | | | ||||||
| | Strategy Committee, Chair | | | ||||||
| | | | |||||||
| | Mr. Cusumano has extensive experience in the finance industry, and specifically in mergers and acquisitions and capital markets. | | |
| | | | LEE E. EVANGELAKOS | | | ||||
| AGE | | | 33 | | | ||||
| ||||||||||
DIRECTOR SINCE | | | 2022 | | | |||||
| | | | |||||||
| | COMMITTEE ASSIGNMENTS | | | ||||||
| | Nominating and Governance Committee, Member | | | ||||||
| | | | |||||||
| | Ms. Evangelakos has extensive experience in finance, business and computer science. | | |
| | | | CHARLES L. PROW | | | ||||
| AGE | | | 63 | | | ||||
| ||||||||||
DIRECTOR SINCE | | | 2016 | | | |||||
| | | | |||||||
| | COMMITTEE ASSIGNMENTS | | | ||||||
| | None. | | | ||||||
| | | | |||||||
| | Mr. Prow has an extensive background and leadership experience in global government services organizations and expertise involving information technology and the development of complex strategic solutions for a wide range of government customers. His strong business background provides him with a valuable perspective and deep understanding of the challenges facing government services organizations. | | |
| | | | PHILLIP C. WIDMAN | | | ||||
| AGE | | | 68 | | | ||||
| DIRECTOR SINCE | | | 2014 | | | ||||
| | | | |||||||
| | COMMITTEE ASSIGNMENTS | | | ||||||
| | Compensation and Personnel Committee, Chair; Audit Committee, Member | | | ||||||
| | | | |||||||
| | Mr. Widman has an extensive financial and management background and has experience serving as a chief financial officer and senior executive of several companies. Mr. Widman has also served as a director of other public companies, including service as member and chair of several audit committees. | | |
| | | | MARY L. HOWELL | | | ||||
| AGE | | | 70 | | | ||||
| DIRECTOR SINCE | | | 2014 | | | ||||
| | | | |||||||
| | COMMITTEE ASSIGNMENTS | | | ||||||
| | None. | | | ||||||
| | QUALIFICATIONS | | | ||||||
| | Ms. Howell has extensive management and public company board experience in the aerospace and defense industry. | | |
| | | | ERIC M. PILLMORE | | | ||||
| AGE | | | 69 | | | ||||
| DIRECTOR SINCE | | | 2014 | | | ||||
| | | | |||||||
| | COMMITTEE ASSIGNMENTS | | | ||||||
| | Audit Committee, Member; Strategy Committee, Member; and Compensation and Personnel Committee, Member | | | ||||||
| | QUALIFICATIONS | | | ||||||
| | Mr. Pillmore has extensive corporate governance and financial experience, which includes advising boards of both private and public companies on corporate governance and serving as chief financial officer of several companies. | | |
| | | | JOEL M. ROTROFF | | | ||||
| AGE | | | 41 | | | ||||
| DIRECTOR SINCE | | | 2022 | | | ||||
| | | | |||||||
| | COMMITTEE ASSIGNMENTS | | | ||||||
| | Compensation and Personnel Committee, Member | | | ||||||
| | QUALIFICATIONS | | | ||||||
| | Mr. Rotroff has extensive experience in finance and business management and serves as a director on the boards of several private companies, in addition to his public company board service. | | |
| | | | NEIL D. SNYDER | | | ||||
| AGE | | | 50 | | | ||||
| DIRECTOR SINCE | | | 2022 | | | ||||
| | | | |||||||
| | COMMITTEE ASSIGNMENTS | | | ||||||
| | Nominating and Governance Committee, Member; and Compensation and Personnel Committee, Member | | | ||||||
| | QUALIFICATIONS | | | ||||||
| | Mr. Snyder has an extensive financial, strategy and management background, and has experience serving as a chief financial officer, a senior executive of several companies, and serves as a director on the board of several private companies. | | |
| | Fiscal Year Ended December 31 | | | ||||||||
| | | | | | 2022 ($) | | | | 2021 ($) | | |
| | Audit Fees(1) | | | | 2,898,000 | | | | N/A | | |
| | Audit-Related Fees(2) | | | | N/A | | | | N/A | | |
| | Tax Fees(3) | | | | 280,875 | | | | N/A | | |
| | All Other Fees(4) | | | | N/A | | | | N/A | | |
| | Total | | | | 3,178,875 | | | | N/A | | |
| | Fiscal Year Ended December 31 | | | ||||||||
| | | | | | 2022 ($) | | | | 2021 ($) | | |
| | Audit Fees(1) | | | | 612,280 | | | | 1,647,285 | | |
| | Audit-Related Fees(2) | | | | N/A | | | | 40,000 | | |
| | Tax Fees(3) | | | | N/A | | | | N/A | | |
| | All Other Fees(4) | | | | 1,895 | | | | 1,895 | | |
| | Total | | | | 614,175 | | | | 1,689,180 | | |
| | Fiscal Year Ended | | | ||||||||
| | | | | | 2021 ($) | | | | 2020 ($) | | |
| | Audit Fees(1) | | | | 1,647,285 | | | | 1,264,222 | | |
| | Audit-Related Fees(2) | | | | 40,000 | | | | 40,000 | | |
| | Tax Fees(3) | | | | N/A | | | | N/A | | |
| | All Other Fees(4) | | | | 1,895 | | | | 1,895 | | |
| | Total | | | | 1,689,180 | | | | 1,306,117 | | |
| | Plan Category | | | | (a) Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights (millions) | | | | (b) Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights ($) | | | | (c) Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (a)) (millions) | | |
| | Equity Compensation Plans Approved by Security Holders | | | | .042(1) | | | | 22.86(2) | | | | 1.4(3) | | |
| | Equity Compensation Plans Not Approved by Security Holders | | | | — | | | | — | | | | — | | |
| | Total | | | | .042 | | | | 22.86 | | | | 1.4 | | |
| | |
| DIRECTOR COMPENSATION TABLE | |
| Name | | | | Fees Earned or Paid in Cash ($)(1) | | | | Stock Awards ($)(2) | | | | Total ($) | | Name | | | | Fees Earned or Paid in Cash ($)(1) | | | | Stock Awards ($)(2) | | | | Total ($) | |
| Louis J. Giuliano(3) | | | | 135,000 | | | | 180,006 | | | | 315,006 | | Mary L. Howell(3) | | | | 116,205 | | | | 130,011 | | | | 246,216 | |
| Bradford J. Boston(4) | | | | 102,500 | | | | 130,013 | | | | 232,513 | | Dino M. Cusumano(4) | | | | N/A | | | | N/A | | | | N/A | |
| Mary L. Howell(5) | | | | 100,000 | | | | 130,013 | | | | 230,013 | | Lee E. Evangelakos(4) | | | | N/A | | | | N/A | | | | N/A | |
| William F. Murdy | | | | 85,000 | | | | 130,013 | | | | 215,013 | | Melvin F. Parker(5) | | | | 87,904 | | | | 130,011 | | | | 217,915 | |
| Melvin F. Parker | | | | 85,000 | | | | 130,013 | | | | 215,013 | | Eric M. Pillmore(6) | | | | 79,356 | | | | 130,011 | | | | 209,367 | |
| Eric M. Pillmore(6) | | | | 100,000 | | | | 130,013 | | | | 230,013 | | Joel M. Rotroff(4) | | | | N/A | | | | N/A | | | | N/A | |
| Stephen L. Waechter(7) | | | | 105,000 | | | | 130,013 | | | | 235,013 | | Neil D. Snyder(4) | | | | N/A | | | | N/A | | | | N/A | |
| Phillip C. Widman | | | | 85,000 | | | | 130,013 | | | | 215,013 | | Stephen L. Waechter(7) | | | | 94,932 | | | | 130,011 | | | | 224,943 | |
| Phillip C. Widman(8) | | | | 89,747 | | | | 130,011 | | | | 219,758 | | ||||||||||||||
| Bradford J. Boston(9) | | | | 105,569 | | | | 32,503 | | | | 138,072 | | ||||||||||||||
| Louis J. Giuliano(10) | | | | 22,562 | | | | 45,006 | | | | 67,568 | | ||||||||||||||
| William F. Murdy(11) | | | | 14,205 | | | | 32,503 | | | | 46,708 | |
| | |
| RESTRICTED STOCK UNIT AWARDS OUTSTANDING AT | |
| Name | | | | Restricted Stock Unit Awards | |
| ||||||
Mary L. Howell | | | | | ||
| Dino M. Cusumano(1) | | | | | |
| Lee E. Evangelakos(1) | | | | N/A | |
| Melvin F. Parker | | | | | |
| Eric M. Pillmore | | | | | |
| Joel M. Rotroff(1) | | | | N/A | |
| Neil D. Snyder(1) | | | | N/A | |
| Stephen L. Waechter | | | | | |
| Phillip C. Widman | | | | | |
| Bradford J. Boston(2) | | | | N/A | |
| Louis J. Giuliano(2) | | | | N/A | |
| William F. Murdy(2) | | | | N/A | |
| | DIRECTOR | | | | AUDIT | | | | COMPENSATION AND PERSONNEL | | | | NOMINATING AND GOVERNANCE | | | | STRATEGY | | | ||||||||||||
| | Mary L. Howell | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | John “Ed” Boyington, Jr. | | | | | | | | | | | | | | | | | | | | | | | | | | | ● | | | |
| | Dino M. Cusumano | | | | | | | | | | | | | | | | | | | | | | | | | | | ●* | | | |
| | Lee E. Evangelakos | | | | | | | | | | | | | | | | | | | | ● | | | | | | | | | | |
| | Melvin F. Parker | | | | | | ● | | | | | | | | | | | | | | ●* | | | | | | | ● | | | |
| | Eric M. Pillmore | | | | | | ● | | | | | | | ● | | | | | | | | | | | | | | ● | | | |
| | Charles L. Prow | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Joel M. Rotroff | | | | | | | | | | | | | ● | | | | | | | | | | | | | | | | | |
| | Neil D. Snyder | | | | | | | | | | | | | ● | | | | | | | ● | | | | | | | | | | |
| | Stephen L. Waechter | | | | | | ●* | | | | | | | | | | | | | | ● | | | | | | | | | | |
| | Phillip C. Widman | | | | | | ● | | | | | | | ●* | | | | | | | | | | | | | | | | | |
| | KEY GOVERNANCE POLICIES AND PRACTICES RELATED TO COMPENSATION: | | |
| | WE DO: | | |
| | • use an independent compensation consultant selected and hired by the Compensation Committee. | | |
| | • pay for both corporate and individual performance. | | |
| | • mitigate compensation risk through oversight by the Compensation Committee of the design and | | |
| | • | | |
| | • | ||
conduct an annual | | | ||
| | • have a compensation clawback policy that is also embedded in our equity incentive plan, our annual incentive plan and our award agreements. | | |
| | • have an anti-hedging and anti-pledging policy. | | |
| | • | | |
| | KEY GOVERNANCE POLICIES AND PRACTICES RELATED TO COMPENSATION: | | |
| | WE DO: | | |
| | • provide in our equity incentive plan for a minimum vesting period of one year for employee equity grants, and generally provide in our employee award agreements for vesting in equal annual installments over a three-year period for our restricted stock unit | | |
| | WE DO NOT: | | |
| | • reprice stock options. | | |
| | • guarantee minimum bonus payments. | | |
| | • provide excessive perquisites. | | |
| | • provide tax gross-ups for perquisites or in connection with payments made in the event of a change in control; however, tax | | |
| | • provide for automatic base salary increases. | | |
| | • have fixed-term employment arrangements with our NEOs; all of our NEOs are at-will employees. | | |
| | • provide a traditional pension | | |
| | Name and Principal Position | | | | 2021 Base Salary ($) | | | | Target 2021 AIP Award (% of Base Salary)(1) | | | | Target 2021 Long-Term Incentive Award ($) | | | | Name and Principal Position | | | | 2022 Base Salary ($) | | | | Target 2022 Annual Bonus Award (% of Base Salary)(1) | | | | Target 2022 Long-Term Incentive Award ($) | | |
| | Charles L. Prow President and Chief Executive Officer | | | | 769,000 | | | | 110% | | | | 2,100,000 | | | | Charles L. Prow President and Chief Executive Officer | | | | 850,000 | | | | 110% | | | | 2,500,000 | | |
| | Susan D. Lynch Senior Vice President and Chief Financial Officer | | | | 441,000 | | | | 70% | | | | 450,000 | | | | Susan D. Lynch Senior Vice President and Chief Financial Officer | | | | 500,000 | | | | 75% | | | | 600,000 | | |
| | Susan L. Deagle Senior Vice President, Growth and Enterprise Operations | | | | 410,000 | | | | 65% | | | | 390,000 | | | | John “Ed” Boyington, Jr.(2) President, Vertex Aerospace LLC | | | | 583,000 | | | | 85% | | | | N/A | | |
| | David A. Hathaway (Former) Senior Vice President, Vectrus Programs | | | | 410,000 | | | | 65% | | | | 390,000 | | | | William W. Beard(2) Senior Vice President, Aerospace Solutions | | | | 346,777 | | | | 65% | | | | N/A | | |
| | Kevin T. Boyle Senior Vice President, Chief Legal Officer and General Counsel | | | | 395,000 | | | | 55% | | | | 325,000 | | | | Richard Mendoza(2) Senior Vice President and Chief People Officer | | | | 300,644 | | | | 60% | | | | N/A | | |
| | Kenneth W. Shreves Senior Vice President, Organic Growth and Operational Enablement | | | | 400,000 | | | | 60% | | | | 250,000 | | |
| | OBJECTIVE | | | | GENERAL PRINCIPLE | | | | APPROACH | | |
| | Attract, incentivize and retain talented and experienced leaders. | | | | Design an executive compensation program to attract, incentivize and retain high performing executives. | | | | Target total direct compensation approximating the 50th percentile of competitive practice. Review current competitive market compensation to structure | | |
| | Align at-risk compensation with corporate and individual performance. | | | | Align the measures of performance in our compensation programs with measures key to the success of our business. If our business succeeds, our shareholders will benefit. | | | | Provide incentive opportunities based on corporate and individual performance to drive shareholder value. | | |
| | Align at-risk compensation with levels of executive responsibility. | | | | As executives advance in the Company, the | | | | Structure NEO compensation so that a substantial portion of compensation is | | |
| | 2022 AIP METRICS (LEGACY VECTRUS NEOs) | | | | PERFORMANCE PERCENTAGE (Legacy Vectrus Full Year Financial Results Weighted 50%) | | | | PERFORMANCE PERCENTAGE (V2X Second Half Financial Plan Weighted 50%) | | |
| | Adjusted Diluted EPS | | | | 30% | | | | 30% | | |
| | Total Revenue | | | | 10% | | | | 10% | | |
| | New Business Wins | | | | 20% | | | | 20% | | |
| | DSO | | | | 20% | | | | N/A | | |
| | Net Debt | | | | N/A | | | | 20% | | |
| | Individual Strategic Achievements* | | | | 20% | | | | 20% | | |
| | | | | | Adjusted Diluted Earnings Per Share (EPS)* | | | | Adjusted Revenue* | | | | New Business Wins* | | | | Adjusted Days Sales Outstanding (DSO)* | | | | Individual Strategic Goals* | | | | | | | | Adjusted Diluted EPS* | | | | Revenue* | | | | New Business Wins | | | | DSO | | | | Net Debt | | | | Individual Strategic Achievements | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | Threshold | | | | Target | | | | Maximum | | | | Threshold | | | | Target | | | | Maximum | | | | Threshold | | | | Target | | | | Maximum | | | | Threshold | | | | Target | | | | Maximum | | | | Threshold | | | | Target | | | | Maximum | | | | | | | | Min | | | | Tgt | | | | Max | | | | Min | | | | Tgt | | | | Max | | | | Min | | | | Tgt | | | | Max | | | | Min | | | | Tgt | | | | Max | | | | Min | | | | Tgt | | | | Max | | | | Min | | | | Tgt | | | | Max | | |
| | Performance Percentage of Target | | | | 87% | | | | 100% | | | | 114% | | | | 92% | | | | 100% | | | | 110% | | | | 23.8% | | | | 100% | | | | 145.2% | | | | 93.3% | | | | 100% | | | | 200% | | | | 0% | | | | 100% | | | | 200% | | | | Performance Percentage of Target | | | | 82% | | | | 100% | | | | 114% | | | | 92% | | | | 100% | | | | 110% | | | | 40% | | | | 100% | | | | 180% | | | | 93.4% | | | | 100% | | | | 109.2% | | | | 91% | | | | 100% | | | | 110% | | | | 0% | | | | 100% | | | | 200% | | |
| | Payout Percentage of Target | | | | 50% | | | | 100% | | | | 200% | | | | 50% | | | | 100% | | | | 200% | | | | 1% | | | | 100% | | | | 200% | | | | 2% | | | | 100% | | | | 200% | | | | 0% | | | | 100% | | | | 200% | | | | Payout Percentage of Target | | | | 50% | | | | 100% | | | | 200% | | | | 50% | | | | 100% | | | | 200% | | | | 25% | | | | 100% | | | | 200% | | | | 16.7% | | | | 100% | | | | 200% | | | | 10% | | | | 100% | | | | 200% | | | | 0% | | | | 100% | | | | 200% | | |
| | Metric (all $ amounts in millions, except per share data and DSO) | | | | Performance Target at 100.0% Payment and Weighting(1) | | | | 2021 Performance | | | | Performance Percentage of Target | | | | Payout Percentage of Target(1) | | | | Weighted Attainment | | | | Metric (all $ amounts in millions, except per share data and DSO) | | | | Performance Target at 100.0% Payment and Weighting(1) | | | | 2022 Performance | | | | Performance Percentage of Target | | | | Payout Percentage of Target(1) | | | | Weighted Attainment | | | ||||||||
| | Adjusted Diluted Earnings Per Share | | | | $3.65 | | | | 30.0% | | | | $3.96 | | | | 108.5% | | | | 160.7% | | | | 48.2% | | | | Adjusted Diluted EPS | | | | $3.72 | | | | 30.0% | | | | $4.16 | | | | 112.0% | | | | 186.2% | | | | 55.9% | | |
| | Adjusted Revenue | | | | $1,683.2 | | | | 10.0% | | | | $1,783.7 | | | | 106.0% | | | | 158.8% | | | | 15.9% | | | | Total Revenue | | | | $1,818.5 | | | | 10.0% | | | | $1,982.4 | | | | 109.0% | | | | 190.1% | | | | 19.0% | | |
| | New Business Wins | | | | $210.0 | | | | 20.0% | | | | $560.9 | | | | 267.1% | | | | 200.0% | | | | 40.0% | | | | New Business Wins | | | | $267.0 | | | | 20.0% | | | | $300.6 | | | | 112.6% | | | | 115.8% | | | | 23.2% | | |
| | Adjusted Days Sales Outstanding | | | | 68.0 | | | | 20.0% | | | | 69.5 | | | | 97.8% | | | | 70.1% | | | | 14.0% | | | | DSO | | | | 71.0 | | | | 20.0% | | | | 71.4 | | | | 99.4% | | | | 93.3% | | | | 18.7% | | |
| | Individual Strategic Goals (discussed below) | | | | | | | | 20.0% | | | | | | | | 100.0% | | | | | | | | 20.0% | | | | Individual Strategic Achievements (discussed below) | | | | | | | | 20.0% | | | | | | | | 120.0% | | | | | | | | 25.0% | | |
| | Metric (all $ amounts in millions, except per share data and DSO) | | | | Performance Target at 100.0% Payment and Weighting(1) | | | | 2022 Performance | | | | Performance Percentage of Target | | | | Payout Percentage of Target(1) | | | | Weighted Attainment | | | ||||
| | Adjusted Diluted EPS | | | | $1.41 | | | | 30.0% | | | | $1.55 | | | | 109.9% | | | | 171.9% | | | | 51.6% | | |
| | Total Revenue | | | | $1,911.9 | | | | 10.0% | | | | $1,936.3 | | | | 101.3% | | | | 112.7% | | | | 11.3% | | |
| | New Business Wins | | | | $269.4 | | | | 20.0% | | | | 269.4 | | | | 100.0% | | | | 100.0% | | | | 20.0% | | |
| | Net Debt | | | | $1,209.5 | | | | 20.0% | | | | $1,220.7 | | | | 99.1% | | | | 90.7% | | | | 18.1% | | |
| | Individual Strategic Achievements (discussed below) | | | | | | | | 20.0% | | | | | | | | 120.0% | | | | | | | | 25.0% | | |
| | Metric (all $ amounts in millions, except per share data and DSO) | | | | Performance Target at 100.0% Payment and Weighting | | | | 2022 Performance | | | | Performance Percentage of Target | | | | Payout Percentage of Target | | | | Weighted Attainment | | | ||||
| | Adjusted EBITDA | | | | $198 | | | | 100.0% | | | | $192.7 | | | | 97.3% | | | | 91.1% | | | | 91.1% | | |
| | Metric (all $ amounts in millions, except per share data and DSO) | | | | Performance Target at 100.0% Payment and Weighting(1) | | | | 2022 Performance | | | | Performance Percentage of Target | | | | Payout Percentage of Target(1) | | | | Weighted Attainment | | | ||||
| | Adjusted Diluted EPS | | | | $1.41 | | | | 30.0% | | | | $1.55 | | | | 109.9% | | | | 171.9% | | | | 51.6% | | |
| | Total Revenue | | | | $1,911.9 | | | | 10.0% | | | | $1,936.3 | | | | 101.3% | | | | 112.7% | | | | 11.3% | | |
| | New Business Wins | | | | $267.0 | | | | 20.0% | | | | 267.0 | | | | 100.0% | | | | 100.0% | | | | 20.0% | | |
| | Net Debt | | | | $1,209.5 | | | | 20.0% | | | | $1,220.7 | | | | 99.1% | | | | 90.7% | | | | 18.1% | | |
| | Individual Strategic Achievements (discussed below) | | | | | | | | 20.0% | | | | | | | | 120.0% | | | | | | | | 20.0%-28.0% | | |
| | Name | | | | Base Salary (a)($) | | | | Annual Incentive Target as a Percent of Base Salary (b)(1) | | | | Adjusted EBITDA | | | | Adjusted Diluted EPS Achieved | | | | Revenue Percent Achieved | | | | New Business Wins Percent Achieved | | | | DSO/Net Debt Percent Achieved | | | | Individual Goals/ Performance Percent Achieved(2) | | | | Approved Total Performance Percent Payout (c) | | | | Actual 2022 AIP Awards (a)x(b)x (c)x50% ($)(3) | | |
| | Charles L. Prow (Legacy VEC Goal – 50% weighting) | | | | 850,000 | | | | 110 | | | | NA | | | | 55.9 | | | | 19.0 | | | | 23.2 | | | | 18.7 | | | | 25.0 | | | | 141.8 | | | | 662,915 | | |
| | Charles L. Prow (V2X Goal – 50% weighting) | | | | 850,000 | | | | 110 | | | | NA | | | | 51.6 | | | | 11.3 | | | | 20.0 | | | | 18.1 | | | | 25.0 | | | | 126.0 | | | | 589,050 | | |
| | Susan D. Lynch (Legacy VEC Goal – 50% weighting) | | | | 500,000 | | | | 75 | | | | NA | | | | 55.9 | | | | 19.0 | | | | 23.2 | | | | 18.7 | | | | 25.0 | | | | 141.8 | | | | 265,875 | | |
| | Susan D. Lynch (V2X Goal – 50% weighting) | | | | 500,000 | | | | 75 | | | | NA | | | | 51.6 | | | | 11.3 | | | | 20.0 | | | | 18.1 | | | | 25.0 | | | | 126.0 | | | | 236,250 | | |
| | John “Ed” Boyington, Jr. (Legacy VTX Goal – 50% weighting) | | | | 583,000 | | | | 85 | | | | 91.1 | | | | NA | | | | NA | | | | NA | | | | NA | | | | 36.4 | | | | 127.5 | | | | 316,044 | | |
| | John “Ed” Boyington, Jr. (V2X Goal – 50% weighting) | | | | 583,000 | | | | 85 | | | | NA | | | | 51.6 | | | | 11.3 | | | | 20.0 | | | | 18.1 | | | | 25.0 | | | | 126.0 | | | | 312,228 | | |
| | William W. Beard (Legacy VTX Goal – 50% weighting) | | | | 346,777 | | | | 65 | | | | 91.1 | | | | NA | | | | NA | | | | NA | | | | NA | | | | 36.4 | | | | 127.5 | | | | 143,738 | | |
| | William W. Beard (V2X Goal – 50% weighting) | | | | 346,777 | | | | 65 | | | | NA | | | | 51.6 | | | | 11.3 | | | | 20.0 | | | | 18.1 | | | | 28.0 | | | | 129.0 | | | | 145,383 | | |
| | Name | | | | Base Salary (a)($) | | | | Annual Incentive Target as a Percent of Base Salary (b)(1) | | | | Adjusted EBITDA | | | | Adjusted Diluted EPS Achieved | | | | Revenue Percent Achieved | | | | New Business Wins Percent Achieved | | | | DSO/Net Debt Percent Achieved | | | | Individual Goals/ Performance Percent Achieved(2) | | | | Approved Total Performance Percent Payout (c) | | | | Actual 2022 AIP Awards (a)x(b)x (c)x50% ($)(3) | | |
| | Richard Mendoza (Legacy VTX Goal – 50% weighting) | | | | 300,644 | | | | 60 | | | | 91.1 | | | | NA | | | | NA | | | | NA | | | | NA | | | | 36.4 | | | | 127.5 | | | | 115,041 | | |
| | Richard Mendoza (V2X Goal – 50% weighting) | | | | 300,644 | | | | 60 | | | | NA | | | | 51.6 | | | | 11.3 | | | | 20.0 | | | | 18.1 | | | | 20.0 | | | | 121.0 | | | | 109,142 | | |
| | Name | | | | Base Salary (a) ($) | | | | Annual Incentive Target as a Percent of Base Salary (b)(1) | | | | Adjusted Diluted Earnings Per Share Percent Achieved | | | | Adjusted Revenue Percent Achieved | | | | New Business Wins Percent Achieved | | | | Adjusted Days Sales Outstanding Percent Achieved | | | | Individual Goals/ Performance Percent Achieved(2) | | | | Approved Total Performance Percent Payout (d) | | | | Actual 2021 AIP Awards (a)x(b)x(d) ($)(3) | | |
| | Charles L. Prow | | | | 769,000 | | | | 110 | | | | 48.2 | | | | 15.9 | | | | 40.0 | | | | 14.0 | | | | 22.0 | | | | 140.1 | | | | 1,185,106 | | |
| | Susan D. Lynch | | | | 441,000 | | | | 70 | | | | 48.2 | | | | 15.9 | | | | 40.0 | | | | 14.0 | | | | 28.0 | | | | 146.1 | | | | 451,011 | | |
| | Susan L. Deagle | | | | 410,000 | | | | 65 | | | | 48.2 | | | | 15.9 | | | | 40.0 | | | | 14.0 | | | | 28.0 | | | | 146.1 | | | | 389,357 | | |
| | David A. Hathaway | | | | 410,000 | | | | 65 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | |
| | Kevin T. Boyle | | | | 395,000 | | | | 55 | | | | 48.2 | | | | 15.9 | | | | 40.0 | | | | 14.0 | | | | 24.0 | | | | 142.1 | | | | 308,713 | | |
| | Kenneth W. Shreves | | | | 400,000 | | | | 60 | | | | 48.2 | | | | 15.9 | | | | 40.0 | | | | 14.0 | | | | 25.0 | | | | 143.1 | | | | 343,440 | | |
| | Charles L. Prow | | |
| | Susan D. Lynch | | |
| | | |
| | | |
| | | |
| | Name | | | | Restricted Stock Unit Award Value ($) | | | | Restricted Stock Unit Awards (# of Units) | | | | Relative Total Shareholder Return Target Award ($) | | | | Name | | | | Restricted Stock Unit Award Value ($) | | | | Restricted Stock Unit Awards (# of Units) | | | | Relative Total Shareholder Return Target Award ($) | | |
| Represents 50% of total award value | | | | Represents 50% of total award value | | | | Represents 50% of total award value | | | | Represents 50% of total award value | | | |||||||||||||||||
| | Charles L. Prow | | | | 1,050,000 | | | | 18,016 | | | | 1,050,000 | | | | Charles L. Prow | | | | 1,250,000 | | | | 34,636 | | | | 1,250,000 | | |
| | Susan D. Lynch | | | | 225,000 | | | | 3,861 | | | | 225,000 | | | | Susan D. Lynch | | | | 300,000 | | | | 8,313 | | | | 300,000 | | |
| | Susan L. Deagle | | | | 195,000 | | | | 3,346 | | | | 195,000 | | | ||||||||||||||||
| | David A. Hathaway | | | | 195,000 | | | | 3,346 | | | | 195,000 | | | ||||||||||||||||
| | Kevin T. Boyle | | | | 162,500 | | | | 2,788 | | | | 162,500 | | | ||||||||||||||||
| | Kenneth W. Shreves | | | | 125,000 | | | | 2,145 | | | | 125,000 | | |
| | Name | | | | 2019 Target Award ($) | | | | Payout at 130.9% ($) | | | | Name | | | | 2020 Target Award ($) | | | | Payout at 43.6% ($) | | |
| | Charles L. Prow | | | | 800,000 | | | | 1,047,200 | | | | Charles L. Prow | | | | 950,000 | | | | 414,105 | | |
| | Susan D. Lynch | | | | 225,000 | | | | 294,525 | | | | Susan D. Lynch | | | | 225,000 | | | | 98,078 | | |
| | Susan L. Deagle | | | | 125,000 | | | | 163,625 | | | ||||||||||||
| | David A. Hathaway | | | | 125,000 | | | | — | | | ||||||||||||
| | Kevin T. Boyle | | | | 125,000 | | | | 163,625 | | | ||||||||||||
| | Kenneth W. Shreves | | | | 80,000 | | | | 104,720 | | |
| | V2X COMPENSATION COMPONENT OR POLICY | | | | RISK MITIGATION | | |
| | Base Salary | | | | Based on market rates. Provides stability and minimizes risk-taking incentives. | | |
| | | | | • AIP design emphasizes overall performance and collaboration across the enterprise. | | | |
| • AIP components focus on metrics that encourage short-term operating performance and that differ from those used for long-term incentive awards. | | | |||||
| • Individual AIP components and total AIP awards are capped. | | | |||||
| • Payments are made only after | | | |||||
| | Long-Term Incentive Awards — RSUs — TSR Awards | | | | RSUs vest annually in one-third increments over a three-year period. | ||
TSR awards are based on relative share price performance over four separate periods (e.g., | | | ||||||
| | Perquisites | | | | | | |
| | Severance | | | | Severance plans are maintained by the Company in the event of termination without cause or in certain circumstances following a change in control of the Company. | | |
| | Compensation Clawback Policy | | | | Provides mechanism for senior executive compensation recapture in certain situations involving fraud or willful misconduct. Policy will be revised to the extent necessary following issuance of NYSE listing requirements. | | |
| | Officer Share Ownership Guidelines | | | | V2X executive officers are required to own V2X shares or share equivalents up to 5X base salary, depending on the level of the officer. Share ownership guidelines are designed to align executive and shareholder interests and discourage executives from focusing on short-term results without regard to longer-term consequences. | | |
| | Prohibition Against Pledging or Hedging or Speculation in V2X Securities | | | | V2X policy prohibits Directors and executive officers at the level of Corporate Vice Presidents and above from pledging or hedging or speculative trading in and out of V2X securities, including short sales, forward contracts, equity swaps, collars, puts, calls or other derivative securities that are speculative in nature or designed to hedge or offset a decrease in market value of any V2X security | | |
| | | | | Under the 2014 Omnibus Plan and award agreements, a double trigger Change in Control vesting provision is included, which requires both consummation of the transaction and a qualifying termination for accelerated vesting of outstanding long-term incentive grants. | | | |
| | Pension Plans | | | | V2X does not provide a traditional pension | | |
| | Name and Principal Position | | | | Year | | | | Salary ($) | | | | Bonus ($) | | | | Stock Awards ($)(a) | | | | Option Awards ($)(b) | | | | Non- equity Incentive Plan Compensation ($)(c) | | | | Change in Pension Value and Non- Qualified Deferred Compensation Earnings ($)(d) | | | | All Other Compensation ($)(e) | | | | Total ($) | | | | Name and Principal Position | | | | Year | | | | Salary ($)(1) | | | | Stock Awards ($)(2) | | | | Non-equity Incentive Plan Compensation ($)(3) | | | | All Other Compensation ($)(4) | | | | Total ($) | | |
| | Charles L. Prow President and Chief Executive Officer | | | | 2021 | | | | 764,619 | | | | — | | | | 2,099,972 | | | | — | | | | 1,185,106 | | | | — | | | | 33,844 | | | | 4,083,541 | | | | Charles L. Prow President and Chief Executive Officer | | | | 2022 | | | | 831,310 | | | | 2,500,013 | | | | 1,251,965 | | | | 36,391 | | | | 4,619,679 | | |
| 2020 | | | | 738,467 | | | | — | | | | 1,900,019 | | | | — | | | | 769,400 | | | | — | | | | 33,371 | | | | 3,441,257 | | | | 2021 | | | | 764,619 | | | | 2,099,972 | | | | 1,185,106 | | | | 33,844 | | | | 4,083,541 | | | |||||||||
| | | | | | 2019 | | | | 700,003 | | | | — | | | | 1,599,994 | | | | — | | | | 645,300 | | | | — | | | | 102,766 | | | | 3,048,063 | | | | 2020 | | | | 738,467 | | | | 1,900,019 | | | | 769,400 | | | | 33,371 | | | | 3,441,257 | | | ||||
| | Susan D. Lynch Senior Vice President and Chief Financial Officer(f) | | | | 2021 | | | | 438,452 | | | | — | | | | 450,019 | | | | — | | | | 451,011 | | | | — | | | | 17,393 | | | | 1,356,875 | | | | Susan D. Lynch Senior Vice President and Chief Financial Officer | | | | 2022 | | | | 486,379 | | | | 600,016 | | | | 502,125 | | | | 17,507 | | | | 1,606,027 | | |
| 2020 | | | | 429,916 | | | | — | | | | 449,985 | | | | — | | | | 273,100 | | | | — | | | | 17,684 | | | | 1,170,685 | | | | 2021 | | | | 438,452 | | | | 450,019 | | | | 451,011 | | | | 17,393 | | | | 1,356,875 | | | |||||||||
| | | | | | 2019 | | | | 168,700 | | | | — | | | | 450,001 | | | | — | | | | 93,000 | | | | — | | | | 819 | | | | 712,520 | | | | 2020 | | | | 429,916 | | | | 449,985 | | | | 273,100 | | | | 17,684 | | | | 1,170,685 | | | ||||
| | Susan L. Deagle Senior Vice President, Growth and Enterprise Operations | | | | 2021 | | | | 407,691 | | | | — | | | | 390,005 | | | | — | | | | 389,357 | | | | — | | | | 15,769 | | | | 1,202,822 | | | | John “Ed” Boyington, Jr.(5) President, Vertex Aerospace LLC | | | | 2022 | | | | 291,500 | | | | 17,567,779 | | | | 628,272 | | | | 51,228 | | | | 18,538,779 | | |
| 2020 | | | | 393,088 | | | | — | | | | 350,012 | | | | — | | | | 234,500 | | | | — | | | | 15,261 | | | | 992,861 | | | | William W. Beard(5) Senior Vice President, Aerospace Solutions | | | | 2022 | | | | 173,389 | | | | 3,977,391 | | | | 289,121 | | | | 4,656 | | | | 4,444,557 | | | |||||
| 2019 | | | | 362,336 | | | | — | | | | 249,996 | | | | — | | | | 195,000 | | | | — | | | | 13,656 | | | | 820,988 | | | | Richard Mendoza(5) Senior Vice President and Chief People Officer | | | | 2022 | | | | 150,322 | | | | 2,470,292 | | | | 224,183 | | | | 32,895 | | | | 2,877,692 | | | |||||
| | David A. Hathaway(g) (Former) Senior Vice President, Vectrus Programs | | | | 2021 | | | | 313,145 | | | | — | | | | 390,005 | | | | — | | | | — | | | | — | | | | 8,564 | | | | 711,714 | | | ||||||||||||||||||||||||||||
| 2020 | | | | 394,038 | | | | — | ��� | | | 350,012 | | | | — | | | | 234,500 | | | | — | | | | 15,124 | | | | 993,674 | | | |||||||||||||||||||||||||||||||||
| 2019 | | | | 372,394 | | | | | | | | 249,996 | | | | — | | | | 172,500 | | | | — | | | | 13,898 | | | | 808,788 | | | |||||||||||||||||||||||||||||||||
| | Kevin T. Boyle Senior Vice President, Chief Legal Officer and General Counsel | | | | 2021 | | | | 390,186 | | | | — | | | | 324,985 | | | | — | | | | 308,713 | | | | — | | | | 13,437 | | | | 1,037,321 | | | ||||||||||||||||||||||||||||
| 2020 | | | | 372,043 | | | | — | | | | 300,025 | | | | — | | | | 201,000 | | | | — | | | | 14,239 | | | | 887,307 | | | |||||||||||||||||||||||||||||||||
| 2019 | | | | 365,019 | | | | — | | | | 249,996 | | | | — | | | | 184,300 | | | | — | | | | 11,012 | | | | 810,327 | | | |||||||||||||||||||||||||||||||||
| | Kenneth W. Shreves Senior Vice President, Organic Growth and Operational Enablement(h) | | | | 2021 | | | | 330,430 | | | | — | | | | 250,011 | | | | — | | | | 343,440 | | | | — | | | | 13,368 | | | | 937,249 | | | ||||||||||||||||||||||||||||
| — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | |||||||||||||||||||||||||||||||||
| — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | |
| | Name | | | | Year | | | | Perquisites(a) ($) | | | | Tax Reimbursements(b) ($) | | | | Excess Savings Plan Contributions(c) ($) | | | | 401(k) Matching Contributions(d) ($) | | | | Other(e) ($) | | | | Total All Other Compensation ($) | | | | Name | | | | Year | | | | Perquisites(1) ($) | | | | Excess Savings Plan Contributions(2) ($) | | | | 401(k) Matching Contributions(3) ($) | | | | Other(4) ($) | | | | Total All Other Compensation ($) | | |
| | Charles L. Prow | | | | 2021 | | | | — | | | | — | | | | 18,985 | | | | 10,838 | | | | 4,021 | | | | 33,844 | | | | Charles L. Prow | | | | 2022 | | | | — | | | | 21,052 | | | | 11,318 | | | | 4,021 | | | | 36,391 | | |
| | Susan D. Lynch | | | | 2021 | | | | — | | | | — | | | | 5,938 | | | | 8,617 | | | | 2,838 | | | | 17,393 | | | | Susan D. Lynch | | | | 2022 | | | | — | | | | 7,255 | | | | 7,070 | | | | 3,182 | | | | 17,507 | | |
| | Susan L. Deagle | | | | 2021 | | | | — | | | | — | | | | 4,708 | | | | 10,150 | | | | 911 | | | | 15,769 | | | | John “Ed” Boyington, Jr. | | | | 2022 | | | | 17,451 | | | | — | | | | — | | | | 33,777 | | | | 51,228 | | |
| | David A. Hathaway | | | | 2021 | | | | — | | | | — | | | | 315 | | | | 6,975 | | | | 1,274 | | | | 8,564 | | | | William W. Beard | | | | 2022 | | | | 3,480 | | | | — | | | | — | | | | 1,176 | | | | 4,656 | | |
| | Kevin T. Boyle | | | | 2021 | | | | — | | | | — | | | | 4,007 | | | | 8,564 | | | | 866 | | | | 13,437 | | | | Richard Mendoza | | | | 2022 | | | | 14,787 | | | | — | | | | 3,006 | | | | 15,102 | | | | 32,895 | | |
| | Kenneth W. Shreves | | | | 2021 | | | | — | | | | — | | | | 1,617 | | | | 10,419 | | | | 1,332 | | | | 13,368 | | |
| | Name | | | | Grant Date | | | | Estimated Future Payouts Under Non-Equity Incentive Plan Awards(1) | | | | Estimated Future Payouts Under Equity Incentive Plan Awards(2) | | | | All Other Stock Awards: Number of Shares of Stock or Units (#)(3) | | | | All Other Option Awards: Number of Securities Underlying Options (#)(4) | | | | Exercise or Base Price of Option Awards ($/Sh)(4) | | | | Grant Date Fair Value of Stock and Option Awards ($)(5) | | | | Name | | | | Approval Date | | | | Grant Date | | | | Estimated Future Payouts Under Non-Equity Incentive Plan Awards(1) | | | | Estimated Future Payouts Under Equity Incentive Plan Awards(2) | | | | All Other Stock Awards: Number of Shares of Stock or Units (#)(3) | | | | Grant Date Fair Value of Stock Awards ($)(4) | | | ||||||||||||||||||||||||||||||||
| Threshold ($) | | | | Target ($) | | | | Maximum ($) | | | | Threshold ($) | | | | Target ($) | | | | Maximum ($) | | | | Threshold ($) | | | | Target ($) | | | | Maximum ($) | | | | Threshold ($) | | | | Target ($) | | | | Maximum ($) | | | |||||||||||||||||||||||||||||||||||||||||||||
| | Charles L. Prow | | | | | | | | 422,950 | | | | 845,900 | | | | 1,691,800 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Charles L. Prow | | | | | | | | | | | | 467,500 | | | | 935,000 | | | | 1,870,000 | | | | | | | | | | | | | | | | | | | | | | |
| 1/1/2021 | | | | | | | | | | | | | | | | 525,000 | | | | 1,050,000 | | | | 2,100,000 | | | | | | | | | | | | | | | | | | | | 1/12/2022 | | | | 3/10/2022 | | | | | | | | | | | | | | | | 625,000 | | | | 1,250,000 | | | | 2,500,000 | | | | | | | | | | | |||||||||
| 3/4/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 18,016 | | | | | | | | | | | | 1,049,972 | | | | 1/12/2022 | | | | 3/10/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 34,636 | | | | 1,250,013 | | | |||||||||
| | Susan D. Lynch | | | | | | | | 154,350 | | | | 308,700 | | | | 617,400 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Susan D. Lynch | | | | | | | | | | | | 187,500 | | | | 375,000 | | | | 750,000 | | | | | | | | | | | | | | | | | | | | | | |
| 1/1/2021 | | | | | | | | | | | | | | | | 112,500 | | | | 225,000 | | | | 450,000 | | | | | | | | | | | | | | | | | | | | 1/12/2022 | | | | 3/10/2022 | | | | | | | | | | | | | | | | 150,000 | | | | 300,000 | | | | 600,000 | | | | | | | | | | | |||||||||
| 3/4/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,861 | | | | | | | | | | | | 225,019 | | | | 1/12/2022 | | | | 3/10/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 8,313 | | | | 300,016 | | | |||||||||
| | Susan L. Deagle | | | | | | | | 133,250 | | | | 266,500 | | | | 533,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | John “Ed” Boyington, Jr. | | | | | | | | | | | | 247,775 | | | | 495,550 | | | | 991,100 | | | | | | | | | | | | | | | | | | | | | | |
| 1/1/2021 | | | | | | | | | | | | | | | | 97,500 | | | | 195,000 | | | | 390,000 | | | | | | | | | | | | | | | | | | | | 1/12/2022 | | | | 3/10/2022 | | | | | | | | | | | | | | | | — | | | | — | | | | — | | | | | | | | | | | |||||||||
| 3/4/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,346 | | | | | | | | | | | | 195,005 | | | | 7/5/2022 | | | | 7/5/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 517,918 | | | | 17,567,779 | | | |||||||||
| | David A. Hathaway | | | | | | | | 133,250 | | | | 266,500 | | | | 533,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | William W. Beard | | | | | | | | | | | | 112,703 | | | | 225,405 | | | | 450,810 | | | | | | | | | | | | | | | | | | | | | | |
| 1/1/2021 | | | | | | | | | | | | | | | | 97,500 | | | | 195,000 | | | | 390,000 | | | | | | | | | | | | | | | | | | | | 1/12/2022 | | | | 3/10/2022 | | | | | | | | | | | | | | | | — | | | | — | | | | — | | | | | | | | | | | |||||||||
| 3/4/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,346 | | | | | | | | | | | | 195,005 | | | | 7/5/2022 | | | | 7/5/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 117,258 | | | | 3,977,391 | | | |||||||||
| | Kevin T. Boyle | | | | | | | | 108,625 | | | | 217,250 | | | | 434,500 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Richard Mendoza | | | | | | | | | | | | 90,193 | | | | 180,386 | | | | 360,773 | | | | | | | | | | | | | | | | | | | | | | |
| 1/1/2021 | | | | | | | | | | | | | | | | 81,250 | | | | 162,500 | | | | 325,000 | | | | | | | | | | | | | | | | | | | | 1/12/2022 | | | | 3/10/2022 | | | | | | | | | | | | | | | | — | | | | — | | | | — | | | | | | | | | | | |||||||||
| 3/4/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,788 | | | | | | | | | | | | 162,485 | | | | 7/5/2022 | | | | 7/5/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 72,827 | | | | 2,470,292 | | | |||||||||
| | Kenneth W. Shreves | | | | | | | | 120,000 | | | | 240,000 | | | | 480,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||
| 1/1/2021 | | | | | | | | | | | | | | | | 62,500 | | | | 125,000 | | | | 250,000 | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||
| 3/4/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,145 | | | | | | | | | | | | 125,011 | | |
| | | | | | | | | | Option Awards | | | | Stock Awards | | | | | | | | | | | | Option Awards | | | | Stock Awards | | | ||||||||||||||||||||||||||||||||
| | Name | | | | Grant Date | | | | Number of Securities Underlying Unexercised Options Exercisable (#) | | | | Number of Securities Underlying Unexercised Options Unexercisable (#)(1) | | | | Option Exercise Price ($) | | | | Option Expiration Date | | | | Number of Shares or Units of Stock That Have Not Vested (#)(1) | | | | Market Value of Shares or Units of Stock That Have Not Vested ($)(2) | | | | Name | | | | Grant Date | | | | Number of Securities Underlying Unexercised Options Exercisable (#) | | | | Number of Securities Underlying Unexercised Options Unexercisable (#) | | | | Option Exercise Price ($) | | | | Option Expiration Date | | | | Number of Shares or Units of Stock That Have Not Vested (#) | | | | Market Value of Shares or Units of Stock That Have Not Vested ($)(1) | | |
| | Charles L. Prow | | | | 3/3/2017 | | | | 21,898 | | | | — | | | | 21.98 | | | | 3/3/2027 | | | | — | | | | — | | | | Charles L. Prow | | | | 3/3/2017 | | | | 21,898 | | | | — | | | | 21.98 | | | | 3/3/2027 | | | | — | | | | — | | |
| 3/4/2019 | | | | — | | | | — | | | | — | | | | — | | | | 9,613 | | | | 439,987 | | | | 3/5/2020 | | | | — | | | | — | | | | — | | | | — | | | | 5,969 | | | | 246,460 | | | |||||||||
| 3/5/2020 | | | | — | | | | — | | | | — | | | | — | | | | 11,938 | | | | 546,402 | | | | 3/4/2021 | | | | — | | | | — | | | | — | | | | — | | | | 12,010 | | | | 495,893 | | | |||||||||
| 3/4/2021 | | | | — | | | | — | | | | — | | | | — | | | | 18,016 | | | | 824,592 | | | | 3/10/2022 | | | | — | | | | — | | | | — | | | | — | | | | 34,636 | | | | 1,430,120 | | | |||||||||
| | Susan D. Lynch | | | | 8/8/2019 | | | | — | | | | — | | | | — | | | | — | | | | 1,725 | | | | 78,953 | | | | Susan D. Lynch | | | | 3/5/2020 | | | | — | | | | — | | | | — | | | | — | | | | 1,413 | | | | 58,343 | | |
| 3/5/2020 | | | | — | | | | — | | | | — | | | | — | | | | 2,827 | | | | 129,392 | | | | 3/4/2021 | | | | — | | | | — | | | | — | | | | — | | | | 2,574 | | | | 106,280 | | | |||||||||
| 3/4/2021 | | | | — | | | | — | | | | — | | | | — | | | | 3,861 | | | | 176,718 | | | | 3/10/2022 | | | | — | | | | — | | | | — | | | | — | | | | 8,313 | | | | 343,244 | | | |||||||||
| | Susan L. Deagle | | | | 5/8/2017 | | | | 5,618 | | | | — | | | | 26.05 | | | | 5/8/2027 | | | | — | | | | — | | | | John “Ed” Boyington, Jr.(2) | | | | 7/5/2022 | | | | — | | | | — | | | | — | | | | — | | | | 517,918 | | | | 21,384,834 | | |
| 3/4/2019 | | | | — | | | | — | | | | — | | | | — | | | | 1,502 | | | | 68,747 | | | | William W. Beard(3) | | | | 7/5/2022 | | | | — | | | | — | | | | — | | | | — | | | | 117,258 | | | | 4,841,583 | | | |||||
| 3/5/2020 | | | | — | | | | — | | | | — | | | | — | | | | 2,199 | | | | 100,648 | | | | Richard Mendoza(3) | | | | 7/5/2022 | | | | — | | | | — | | | | — | | | | — | | | | 72,827 | | | | 3,007,027 | | | |||||
| 3/4/2021 | | | | — | | | | — | | | | — | | | | — | | | | 3,346 | | | | 153,146 | | | |||||||||||||||||||||||||||||||||||||
| | David A. Hathaway(3) | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | ||||||||||||||||||||||||||||||||
| — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | |||||||||||||||||||||||||||||||||||||
| — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | |||||||||||||||||||||||||||||||||||||
| | Kevin T. Boyle | | | | 3/4/2019 | | | | — | | | | — | | | | — | | | | — | | | | 1,502 | | | | 68,747 | | | ||||||||||||||||||||||||||||||||
| 3/5/2020 | | | | — | | | | — | | | | — | | | | — | | | | 1,885 | | | | 86,276 | | | |||||||||||||||||||||||||||||||||||||
| 3/4/2021 | | | | — | | | | — | | | | — | | | | — | | | | 2,788 | | | | 127,607 | | | |||||||||||||||||||||||||||||||||||||
| | Kenneth W. Shreves | | | | 3/4/2019 | | | | — | | | | — | | | | — | | | | — | | | | 961 | | | | 43,985 | | | ||||||||||||||||||||||||||||||||
| 3/5/2020 | | | | — | | | | — | | | | — | | | | — | | | | 942 | | | | 43,115 | | | |||||||||||||||||||||||||||||||||||||
| 3/4/2021 | | | | — | | | | — | | | | — | | | | — | | | | 2,145 | | | | 98,177 | | |
| | | | | | | | | | Vesting Schedule (#) | | | | | | | | | | | | Vesting Schedule (#) | | | ||||||||||||||||
| | Name | | | | Grant Date | | | | 2022 | | | | 2023 | | | | 2024 | | | | Name | | | | Grant Date | | | | 2023 | | | | 2024 | | | | 2025 | | |
| | Charles L. Prow | | | | 3/4/2019 | | | | 9,613 | | | | | | | | | | | | Charles L. Prow | | | | 3/5/2020 | | | | 5,969 | | | | | | | | | | |
| 3/5/2020 | | | | 5,969 | | | | 5,969 | | | | | | | | 3/4/2021 | | | | 6,005 | | | | 6,005 | | | | | | | |||||||||
| 3/4/2021 | | | | 6,006 | | | | 6,005 | | | | 6,005 | | | | 3/10/2022 | | | | 11,546 | | | | 11,545 | | | | 11,545 | | | |||||||||
| | Susan D. Lynch | | | | 8/8/2019 | | | | 1,725 | | | | | | | | | | | | Susan D. Lynch | | | | 3/5/2020 | | | | 1,413 | | | | | | | | | | |
| 3/5/2020 | | | | 1,414 | | | | 1,413 | | | | | | | | 3/4/2021 | | | | 1,287 | | | | 1,287 | | | | | | | |||||||||
| 3/4/2021 | | | | 1,287 | | | | 1,287 | | | | 1,287 | | | | 3/10/2022 | | | | 2,771 | | | | 2,771 | | | | 2,771 | | | |||||||||
| | Susan L. Deagle | | | | 3/4/2019 | | | | 1,502 | | | | | | | | | | | | John “Ed” Boyington, Jr.(1) | | | | 7/5/2022 | | | | 517,918 | | | | — | | | | — | | |
| 3/5/2020 | | | | 1,100 | | | | 1,099 | | | | | | | | William W. Beard(2) | | | | 7/5/2022 | | | | 58,629 | | | | 58,629 | | | | | | | |||||
| 3/4/2021 | | | | 1,116 | | | | 1,115 | | | | 1,115 | | | | Richard Mendoza(2) | | | | 7/5/2022 | | | | 36,414 | | | | 36,413 | | | | | | | |||||
| | David A. Hathaway(1) | | | | — | | | | — | | | | | | | | | | | ||||||||||||||||||||
| — | | | | — | | | | — | | | | | | | |||||||||||||||||||||||||
| — | | | | — | | | | — | | | | — | | | |||||||||||||||||||||||||
| | Kevin T. Boyle | | | | 3/4/2019 | | | | 1,502 | | | | | | | | | | | ||||||||||||||||||||
| 3/5/2020 | | | | 943 | | | | 942 | | | | | | | |||||||||||||||||||||||||
| 3/4/2021 | | | | 930 | | | | 929 | | | | 929 | | | |||||||||||||||||||||||||
| | Kenneth W. Shreves | | | | 3/4/2019 | | | | 961 | | | | | | | | | | | ||||||||||||||||||||
| 3/5/2020 | | | | 471 | | | | 471 | | | | | | | |||||||||||||||||||||||||
| 3/4/2021 | | | | 715 | | | | 715 | | | | 715 | | |
| | | | | | Option Awards | | | | Stock 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) | | | | Name | | | | Number of Shares Acquired on Vesting (#) | | | | Value Realized on Vesting ($)(1) | | |
| | Charles L. Prow | | | | — | | | | — | | | | 23,514 | | | | 1,385,618 | | | | Charles L. Prow | | | | 21,588 | | | | 990,889 | | |
| | Susan D. Lynch | | | | — | | | | — | | | | 3,139 | | | | 162,536 | | | | Susan D. Lynch | | | | 4,426 | | | | 177,917 | | |
| | Susan L. Deagle | | | | — | | | | — | | | | 3,841 | | | | 226,360 | | | | John “Ed” Boyington, Jr. | | | | — | | | | — | | |
| | David A. Hathaway | | | | 4,026 | | | | 61,000 | | | | 3,841 | | | | 226,360 | | | | William W. Beard | | | | — | | | | — | | |
| | Kevin T. Boyle | | | | — | | | | — | | | | 3,893 | | | | 215,299 | | | | Richard Mendoza | | | | — | | | | — | | |
| | Kenneth W. Shreves | | | | — | | | | — | | | | 4,800 | | | | 266,988 | | |
| | Name | | | | Executive Contributions in Last FY ($) (a) (1) | | | | Registrant Contributions in Last FY ($) (b) (2) | | | | Aggregate Earnings in Last FY ($) (c) | | | | Aggregate Withdrawals/ Distributions ($) (d) | | | | Aggregate Balance at Last FYE ($) (e) (3) | | | | Name | | | | Executive Contributions in Last FY ($)(1) | | | | Registrant Contributions in Last FY ($)(2) | | | | Aggregate Earnings in Last FY ($) | | | | Aggregate Withdrawals/ Distributions in Last FY ($)(3) | | | | Aggregate Balance at Last FYE ($)(4) | | |
| ��� | Charles L. Prow | | | | 56,554 | | | | 18,985 | | | | 3,960 | | | | — | | | | 144,168 | | | | Charles L. Prow | | | | 66,505 | | | | 21,052 | | | | (9,695) | | | | (92,342) | | | | 129,688 | | |
| | Susan D. Lynch | | | | — | | | | 5,939 | | | | 115 | | | | — | | | | 11,869 | | | | Susan D. Lynch | | | | — | | | | 7,255 | | | | 136 | | | | (11,982) | | | | 7,278 | | |
| | Susan L. Deagle | | | | — | | | | 4,708 | | | | 177 | | | | — | | | | 14,645 | | | ||||||||||||||||||||||||
| | David A. Hathaway | | | | 12,996 | | | | 315 | | | | 1,019 | | | | — | | | | 26,249 | | | ||||||||||||||||||||||||
| | Kevin T. Boyle | | | | 7,228 | | | | 4,007 | | | | 626 | | | | — | | | | 18,828 | | | ||||||||||||||||||||||||
| | Kenneth W. Shreves | | | | — | | | | 1,617 | | | | 19 | | | | — | | | | 2,701 | | |
| | Executive* | | | | Resignation (a)($) | | | | Termination for Cause (b)($) | | | | Death (c)($) | | | | Disability (d)($) | | | | Termination Not For Cause (e)($) | | | | Change in Control and Termination Not For Cause or With Good Reason (f)($) | | |
| | Charles L. Prow | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Severance(1) | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 1,893,953 | | | | 4,059,457 | | |
| | 2020 – 2022 TSR Award(2) | | | | 0 | | | | 0 | | | | 783,750 | | | | 783,750 | | | | 783,750 | | | | 590,932 | | |
| | 2021 – 2023 TSR Award(2) | | | | 0 | | | | 0 | | | | 787,500 | | | | 787,500 | | | | 787,500 | | | | 700,035 | | |
| | Unvested RSUs(3) | | | | 0 | | | | 0 | | | | 1,810,981 | | | | 1,810,981 | | | | 1,810,981 | | | | 1,810,981 | | |
| | Total | | | | 0 | | | | 0 | | | | 3,382,231 | | | | 3,382,231 | | | | 5,276,184 | | | | 7,161,405 | | |
| | Susan D. Lynch | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Severance(1) | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 453,559 | | | | 1,525,386 | | |
| | 2020 – 2022 TSR Award(2) | | | | 0 | | | | 0 | | | | 185,625 | | | | 185,625 | | | | 123,756 | | | | 139,958 | | |
| | 2021 – 2023 TSR Award(2) | | | | 0 | | | | 0 | | | | 168,750 | | | | 168,750 | | | | 56,244 | | | | 150,008 | | |
| | Unvested RSUs(3) | | | | 0 | | | | 0 | | | | 385,063 | | | | 385,063 | | | | 119,002 | | | | 385,063 | | |
| | Total | | | | 0 | | | | 0 | | | | 739,438 | | | | 739,438 | | | | 752,561 | | | | 2,200,415 | | |
| | Susan L. Deagle | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Severance(1) | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 451,561 | | | | 1,367,047 | | |
| | 2020 – 2022 TSR Award(2) | | | | 0 | | | | 0 | | | | 144,375 | | | | 144,375 | | | | 96,255 | | | | 108,856 | | |
| | 2021 – 2023 TSR Award(2) | | | | 0 | | | | 0 | | | | 146,250 | | | | 146,250 | | | | 48,745 | | | | 130,007 | | |
| | Unvested RSUs(3) | | | | 0 | | | | 0 | | | | 322,541 | | | | 322,541 | | | | 127,515 | | | | 322,541 | | |
| | Total | | | | 0 | | | | 0 | | | | 613,166 | | | | 613,166 | | | | 724,076 | | | | 1,928,451 | | |
| | David A. Hathaway(4) | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Severance(1) | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | |
| | 2020 – 2022 TSR Award(2) | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | |
| | 2021 – 2023 TSR Award(2) | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | |
| | Unvested RSUs(3) | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | |
| | Total | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | |
| | Kevin T. Boyle | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Severance(1) | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 407,559 | | | | 1,250,486 | | |
| | 2020 – 2022 TSR Award(2) | | | | 0 | | | | 0 | | | | 123,750 | | | | 123,750 | | | | 82,504 | | | | 93,305 | | |
| | 2021 – 2023 TSR Award(2) | | | | 0 | | | | 0 | | | | 121,875 | | | | 121,875 | | | | 40,621 | | | | 108,339 | | |
| | Unvested RSUs(3) | | | | 0 | | | | 0 | | | | 282,630 | | | | 282,630 | | | | 115,798 | | | | 282,630 | | |
| | Total | | | | 0 | | | | 0 | | | | 528,255 | | | | 528,255 | | | | 646,482 | | | | 1,734,760 | | |
| | Kenneth W. Shreves | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Severance(1) | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 433,590 | | | | 960,360 | | |
| | 2020 – 2022 TSR Award(2) | | | | 0 | | | | 0 | | | | 61,875 | | | | 61,875 | | | | 41,252 | | | | 46,653 | | |
| | 2021 – 2023 TSR Award(2) | | | | 0 | | | | 0 | | | | 93,750 | | | | 93,750 | | | | 31,247 | | | | 83,338 | | |
| | Unvested RSUs(3) | | | | 0 | | | | 0 | | | | 185,277 | | | | 185,277 | | | | 73,690 | | | | 185,277 | | |
| | Total | | | | 0 | | | | 0 | | | | 340,902 | | | | 340,902 | | | | 579,779 | | | | 1,275,628 | | |
| | Executive | | | | Resignation (a)($) | | | | Termination for Cause (b)($) | | | | Death (c)($) | | | | Disability (d)($) | | | | Termination Not For Cause (e)($) | | | | Change in Control and Termination Not For Cause or With Good Reason (f)($) | | |
| | Charles L. Prow | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Severance(1) | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 2,245,878 | | | | 4,492,997 | | |
| | 2021 – 2023 TSR Award(2) | | | | 522,585 | | | | 0 | | | | 522,585 | | | | 522,585 | | | | 522,585 | | | | 522,585 | | |
| | 2022 – 2024 TSR Award(2) | | | | 1,039,000 | | | | 0 | | | | 1,039,000 | | | | 1,039,000 | | | | 1,039,000 | | | | 1,039,000 | | |
| | Unvested RSUs(3) | | | | 2,172,473 | | | | 0 | | | | 2,172,473 | | | | 2,172,473 | | | | 2,172,473 | | | | 2,172,473 | | |
| | Total | | | | 3,734,058 | | | | 0 | | | | 3,734,058 | | | | 3,734,058 | | | | 5,979,936 | | | | 8,227,055 | | |
| | Susan D. Lynch | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Severance(1) | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 517,433 | | | | 1,786,063 | | |
| | 2021 – 2023 TSR Award(2) | | | | 0 | | | | 0 | | | | 111,983 | | | | 111,983 | | | | 74,655 | | | | 111,983 | | |
| | 2022 – 2024 TSR Award(2) | | | | 0 | | | | 0 | | | | 249,360 | | | | 249,360 | | | | 83,120 | | | | 249,360 | | |
| | Unvested RSUs(3) | | | | 0 | | | | 0 | | | | 507,867 | | | | 507,867 | | | | 169,413 | | | | 507,867 | | |
| | Total | | | | 0 | | | | 0 | | | | 869,210 | | | | 869,210 | | | | 844,621 | | | | 2,655,273 | | |
| | John “Ed” Boyington, Jr. | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Severance(1) | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 583,000 | | | | 0 | | |
| | 2021 – 2023 TSR Award(2) | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | |
| | 2022 – 2024 TSR Award(2) | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | |
| | Unvested RSUs(3) | | | | 0 | | | | 0 | | | | 21,384,834 | | | | 21,384,834 | | | | 21,384,834 | | | | 21,384,834 | | |
| | Total | | | | 0 | | | | 0 | | | | 21,384,834 | | | | 21,384,834 | | | | 21,967,834 | | | | 21,384,834 | | |
| | William W. Beard | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Severance(1) | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 347,175 | | | | 0 | | |
| | 2021 – 2023 TSR Award(2) | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | |
| | 2022 – 2024 TSR Award(2) | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | |
| | Unvested RSUs(3) | | | | 0 | | | | 0 | | | | 4,841,583 | | | | 4,841,583 | | | | 4,841,583 | | | | 4,841,583 | | |
| | Total | | | | 0 | | | | 0 | | | | 4,841,583 | | | | 4,841,583 | | | | 5,188,758 | | | | 4,841,583 | | |
| | Richard Mendoza | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Severance(1) | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 301,042 | | | | 0 | | |
| | 2021 – 2023 TSR Award(2) | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | |
| | 2022 – 2024 TSR Award(2) | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | | |
| | Unvested RSUs(3) | | | | 0 | | | | 0 | | | | 3,007,027 | | | | 3,007,027 | | | | 3,007,027 | | | | 3,007,027 | | |
| | Total | | | | 0 | | | | 0 | | | | 3,007,027 | | | | 3,007,027 | | | | 3,308,069 | | | | 3,007,027 | | |
| Median Employee Total Annual Compensation: | | | $70,988 | | | | |
| CEO Total Annual Compensation: | | | $4,619,679 | | | | |
| Ratio of CEO Pay to Median Employee Compensation: | | | 65.1 to 1.0 | | | | |
| | Fiscal Year(1) | | | | Summary Compensation Table Total for CEO ($)(2) | | | | Compensation Actually Paid for CEO ($)(3) | | | | Average Summary Compensation Table Total for Non-CEO NEOs ($)(4) | | | | Average Compensation Actually Paid for Non-CEO NEOs ($)(5) | | | | Value of Initial Fixed $100 Investment Based on: | | | | GAAP Net Income ($)(8) | | | | Adjusted Diluted Earnings Per Share ($)(9) | | | ||||
| Company Total Shareholder Return ($)(6) | | | | Peer Group Total Shareholder Return ($)(7) | | | |||||||||||||||||||||||||||||
| | 2022 | | | | 4,619,679 | | | | 4,505,434 | | | | 6,866,764 | | | | 8,171,106 | | | | 80.55 | | | | 101.87 | | | | (14,330,000) | | | | 4.16 | | |
| | 2021 | | | | 4,083,541 | | | | 3,185,883 | | | | 1,049,196 | | | | 854,711 | | | | 89.29 | | | | 107.72 | | | | 45,728,000 | | | | 3.96 | | |
| | 2020 | | | | 3,441,257 | | | | 3,301,633 | | | | 1,011,132 | | | | 993,030 | | | | 97.00 | | | | 105.62 | | | | 36,951,000 | | | | 3.09 | | |
| | Fiscal Year | | | | Salary ($) | | | | Bonus and Non-Equity Incentive Compensation ($) | | | | Other Compensation ($)(1) | | | | SCT Total ($) | | | | Deductions from SCT Total ($)(2) | | | | Additions to SCT Total ($)(3) | | | | CAP ($) | | |
| | 2022 | | | | 831,310 | | | | 1,251,965 | | | | 36,391 | | | | 4,619,679 | | | | (2,500,013) | | | | 2,385,768 | | | | 4,505,434 | | |
| | 2021 | | | | 764,619 | | | | 1,185,106 | | | | 33,844 | | | | 4,083,541 | | | | (2,099,972) | | | | 1,202,314 | | | | 3,185,883 | | |
| | 2020 | | | | 738,467 | | | | 769,400 | | | | 33,371 | | | | 3,441,257 | | | | (1,900,019) | | | | 1,760,395 | | | | 3,301,633 | | |
| | Fiscal Year | | | | Salary ($) | | | | Bonus and Non-Equity Incentive Compensation ($) | | | | Other Compensation ($)(1) | | | | SCT Total ($) | | | | Deductions from SCT Total ($)(2) | | | | Additions to SCT Total ($)(3) | | | | CAP ($) | | |
| | 2022 | | | | 286,439 | | | | 410,925 | | | | 15,530 | | | | 6,866,764 | | | | (6,153,870) | | | | 7,458,212 | | | | 8,171,106 | | |
| | 2021 | | | | 375,981 | | | | 298,504 | | | | 13,706 | | | | 1,049,196 | | | | (361,005) | | | | 166,520 | | | | 854,711 | | |
| | 2020 | | | | 397,271 | | | | 235,775 | | | | 15,577 | | | | 1,011,132 | | | | (362,509) | | | | 344,407 | | | | 993,030 | | |
| | Most Important Performance Measures | | |
| | Adjusted Diluted Earnings Per Share | | |
| | Days Sales Outstanding | | |
| | Revenue | | |
| | New Business | | |
| | Individual Strategic Achievements | | |