| | NOTICE OF | | |
| | LOCATION DETAILS | | |
| ||||
| TIME: 8:00 a.m. Eastern Time, on Thursday, | | | |
| | PLACE: Virtual | | |
| | ITEMS OF BUSINESS | | |
| ||||
| ITEM 1 To elect four Class | | | |
| | 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? | | |
| ||||
| | 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 | | |
| ||||
| | | ||
| | MAILING OR AVAILABILITY DATE | | |
| ||||
| | Beginning on or about | | |
| | ABOUT PROXY VOTING | | |
| ||||
| | Your vote is important. Proxy voting permits shareholders unable to attend the | | |
| | | PAGE | | |||
| | | | 1 | | | |
| | | | 5 | | | |
| | | | | | ||
| | | | | | ||
| | | | 12 | | | |
| | | | 12 | | | |
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | 21 | | | |
| | | | 22 | | | |
| | | | 23 | | | |
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | ||||
| |
| | | PAGE | | |||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | | | ||
| | | | 46 | | | |
| | | | 48 | | | |
| | | | 52 | | | |
| | | | 52 | | | |
| | | | 52 | | | |
| | | | 53 | | | |
| | | | 53 | | | |
| | | | 56 | | | |
| | | | 56 | | | |
| | | | 58 | | | |
| | | | 59 | | | |
| | | | 62 | | | |
| | | | 63 | | | |
| | | | 63 | | | |
| | | | 64 | | | |
| | | | 64 | | | |
| | | | 65 | | | |
| | | | 69 | | | |
| | | | 70 | | | |
| | | | 71 | | | |
| | | | 76 | | |
| DATE | | | | | CORPORATE WEBSITE | | | | ||
| TIME | | | 8:00 a.m. Eastern Time | | | INVESTOR RELATIONS WEBSITE | | | | |
| LOCATION | | | Virtual at: www.virtualshareholdermeeting.com/ | | | ANNUAL REPORT ON FORM 10-K | | | | |
| RECORD DATE | | | | | CODE OF CONDUCT | | | https:// | | |
| TRANSFER AGENT | | | Computershare Trust Company, N.A. | | | | | | | |
| CORPORATE HEADQUARTERS | | | Suite McLean, Virginia 22102 | | | | | | | |
| 2024 ANNUAL MEETING OF SHAREHOLDERS | | ||||
| AGENDA ITEMS TO BE VOTED ON | | | | MANAGEMENT RECOMMENDATION | |
| ITEM 1. ELECTION OF DIRECTORS | | ||||
| To elect Class − −Lee E. Evangelakos −Charles 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 | | | | 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 | |
| | | NO | | | | | ||
| | | NO | | | | Member of the Nominating and Governance Committee | | |
Charles L. Prow | | | | NO | | | | N/A | |
Phillip C. Widman | | | | YES | | | | Chair of the Compensation and | |
NUMBER OF | | ||||
Board | | | | | |
Audit Committee | | | | 8 | |
Compensation and Human Capital Committee | | | | 9 | |
Nominating and Governance Committee | | | | 6 | |
| | | 4 | | |
| |||||
Cash Retainer | | | | $ | |
Restricted Stock Units | | | | $ | |
Audit Committee Chair – Incremental Compensation | | | | $20,000 Cash Retainer | |
Compensation and | | | | $17,500 Cash Retainer | |
Nominating and Governance Committee Chair – Incremental | |||||
Compensation | | | | $15,000 Cash Retainer | |
Non-Executive Chairman – Incremental Compensation | | | | $50,000 Cash Retainer and Unit$50,000 in Restricted Stock | |
Director Share Ownership Guidelines | | | | |
| | KEY PRINCIPLES AND PRACTICES | | | |||
| | | | Independent Chairman (“Non-Executive Chairman” or “Chairman”) of | | | |
| | | | Majority vote standard in uncontested elections. | | | |
| | | | Restriction on the number of boards of publicly-traded companies on which members of our Board | | | |
| | | | Annual evaluations of the Board and | | | |
| | | | Risk oversight by the Board and Audit Committee, and consideration by the Compensation and Human Capital Committee (the “Compensation 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 Company’s Corporate Governance Principles (the “Corporate Governance Principles”) and by the Committees of their respective charters. | | |
| | WE DO… | | | |||
| | | | Use an independent compensation consultant. | | | |
| | | | Pay for performance. | | | |
| | | | | | ||
| | ||||||
| | 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 | |
| | | | 5 X Annual Base Salary | | | |
| | | | 3 X Annual Base Salary | | | |
| | Select Senior Vice Presidents | | | 2 X Annual Base Salary | | |
| | Select Corporate Vice Presidents | | | 1 X Annual Base Salary | | |
| | | | | | Amount and Nature of Beneficial Ownership(1) | | | | Additional Economic Linkage Information | | | | | | | | Amount and Nature of Beneficial Ownership(1) | | | | Additional Economic Ownership 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 | | | | 60.3% | | | | — | | | | — | | |
| | FMR LLC(5) | | | | 1,567,821 | | | | — | | | | 1,567,821 | | | | 5.2% | | | | — | | | | — | | | | FMR LLC(5) | | | | 2,508,334 | | | | — | | | | 2,508,334 | | | | 8.0% | | | | — | | | | — | | |
| | Directors, Director Nominees and Named Executive Officers(7) | | | | Directors, Director Nominees and Named Executive Officers(10) | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| | Mary L. Howell | | | | 27,819 | | | | — | | | | 27,819 | | | | * | | | | 3,816 | | | | — | | | | Mary L. Howell | | | | 31,635 | | | | 4,675 | | | | 36,310 | | | | * | | | | 4,675 | | | | — | | |
| | Dino M. Cusumano(4) | | | | — | | | | — | | | | — | | | | * | | | | — | | | | — | | | | Dino M. Cusumano(4) | | | | — | | | | — | | | | — | | | | * | | | | — | | | | — | | |
| | Lee E. Evangelakos | | | | — | | | | — | | | | — | | | | * | | | | — | | | | — | | | | Abbas O. Elegba | | | | — | | | | — | | | | — | | | | * | | | | — | | | | — | | |
| | Melvin F. Parker | | | | 11,577 | | | | — | | | | 11,577 | | | | * | | | | 3,816 | | | | — | | | | Lee E. Evangelakos | | | | — | | | | — | | | | — | | | | * | | | | — | | | | — | | |
| | Eric M. Pillmore | | | | 30,079 | | | | — | | | | 30,079 | | | | * | | | | 3,816 | | | | — | | | | Melvin F. Parker | | | | 15,393 | | | | 3,506 | | | | 18,899 | | | | * | | | | 3,506 | | | | — | | |
| | Joel M. Rotroff | | | | — | | | | — | | | | — | | | | * | | | | — | | | | — | | | | Eric M. Pillmore | | | | 34,885 | | | | 3,506 | | | | 38,391 | | | | * | | | | 3,506 | | | | — | | |
| | 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) | | | | 38,395 | | | | 3,506 | | | | 41,901 | | | | * | | | | 3,506 | | | | — | | |
| | Charles L. Prow | | | | 63,818 | | | | 21,898 | | | | 85,716 | | | | * | | | | 52,615 | | | | — | | | | Phillip C. Widman(7) | | | | 36,395 | | | | 3,506 | | | | 39,901 | | | | * | | | | 3,506 | | | | — | | |
| | John Edward Boyington Jr. | | | | — | | | | — | | | | — | | | | * | | | | 517,918 | | | | — | | | | Charles L. Prow(8) | | | | 97,629 | | | | 21,898 | | | | 119,527 | | | | * | | | | 84,574 | | | | — | | |
| | Kevin T. Boyle | | | | 10,332 | | | | — | | | | 10,332 | | | | * | | | | 8,342 | | | | — | | | | Shawn M. Mural | | | | 500 | | | | — | | | | 500 | | | | * | | | | 26,328 | | | | — | | |
| | Susan L. Deagle | | | | 10,246 | | | | 5,618 | | | | 15,864 | | | | * | | | | 10,949 | | | | — | | | | Susan D. Lynch(9) | | | | 17,012 | | | | — | | | | 17,012 | | | | * | | | | 6,770 | | | | — | | |
| | Susan D. Lynch | | | | 6,937 | | | | — | | | | 6,937 | | | | * | | | | 12,300 | | | | — | | | | Susan L. Deagle(9) | | | | 18,522 | | | | 5,618 | | | | 24,140 | | | | * | | | | — | | | | — | | |
| | Kenneth W. Shreves | | | | 6,810 | | | | — | | | | 6,810 | | | | * | | | | 6,404 | | | | — | | | | Kenneth W. Shreves | | | | 11,846 | | | | — | | | | 11,846 | | | | * | | | | 15,772 | | | | — | | |
| | David A. Hathaway | | | | 8,313 | | | | — | | | | 8,313 | | | | * | | | | — | | | | — | | | | William W. Beard(9) | | | | 71,939 | | | | — | | | | 71,939 | | | | * | | | | — | | | | — | | |
| | All Directors, Director nominees and current executive officers as a group (19 persons) | | | | 248,752 | | | | 28,105 | | | | 276,857 | | | | 0.9% | | | | 829,418 | | | | — | | | | All Directors, Director nominees and current executive officers as a group (17 persons) | | | | 307,433 | | | | 40,597 | | | | 348,030 | | | | 1.1% | | | | 185,809 | | | | — | | |
| | | | | | |||||
| AGE | | | | | |||||
| DIRECTOR SINCE | | | | | |||||
| | | | |||||||
| | COMMITTEE ASSIGNMENTS | | | ||||||
| | None. | | | ||||||
| | |||||||||
| | |||||||||
| | Mr. Cusumano has extensive experience in the finance industry, and specifically in mergers and acquisitions and capital markets. Mr. Cusumano has also served as a director of other public companies. | | |
| | | | LEE E. EVANGELAKOS | | | ||||
| AGE | | | | | |||||
| 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 | | | | | |||||
| DIRECTOR SINCE | | | 2016 | | | ||||
| | | | |||||||
| | COMMITTEE ASSIGNMENTS | | | ||||||
| | None. | | | ||||||
| | | | |||||||
| | Mr. Prow has an extensive | | |
| | | | PHILLIP C. WIDMAN | | | ||||
| AGE | | | | | |||||
| DIRECTOR SINCE | | | 2014 | | | ||||
| | | | |||||||
| | COMMITTEE ASSIGNMENTS | | | ||||||
| | Compensation and | | | ||||||
| | | | |||||||
| | Mr. Widman has | | |
| | | | MARY L. HOWELL | | | ||||
| AGE | | | 71 | | | ||||
| DIRECTOR SINCE | | | 2014 | | | ||||
| | | | |||||||
| | COMMITTEE ASSIGNMENTS | | | ||||||
| | None. | | | ||||||
| | QUALIFICATIONS | | | ||||||
| | Ms. Howell has extensive leadership experience in business management and has also served as a director of other public companies in the aerospace and defense industry. | | |
| | | | ERIC M. PILLMORE | | | ||||
| AGE | | | 70 | | | ||||
| DIRECTOR SINCE | | | 2014 | | | ||||
| | | | |||||||
| | COMMITTEE ASSIGNMENTS | | | ||||||
| | Audit Committee, Member and Compensation and Human Capital Committee, Member | | | ||||||
| | QUALIFICATIONS | | | ||||||
| | Mr. Pillmore has extensive experience in corporate governance and finance, which includes advising boards of both private and public companies on corporate governance and serving as chief financial officer of several companies. Mr. Pillmore has served in the military. | | |
| | | | JOEL M. ROTROFF | | | ||||
| AGE | | | 42 | | | ||||
| DIRECTOR SINCE | | | 2022 | | | ||||
| | | | |||||||
| | COMMITTEE ASSIGNMENTS | | | ||||||
| | Compensation and Human Capital Committee, Member | | | ||||||
| | QUALIFICATIONS | | | ||||||
| | Mr. Rotroff has extensive experience in finance and business management and also serves as a director of several private companies, in addition to his public company board service. | | |
| | | | NEIL D. SNYDER | | | ||||
| AGE | | | 51 | | | ||||
| DIRECTOR SINCE | | | 2022 | | | ||||
| | | | |||||||
| | COMMITTEE ASSIGNMENTS | | | ||||||
| | Nominating and Governance Committee, Member; and Compensation and Human Capital Committee, Member | | | ||||||
| | QUALIFICATIONS | | | ||||||
| | Mr. Snyder has extensive experience in finance, strategy and business development, and has experience serving in executive positions at several companies. | | |
| | | | ABBAS O. ELEGBA | | | ||||
| AGE | | | 44 | | | ||||
| DIRECTOR SINCE | | | 2023 | | | ||||
| | | | |||||||
| | COMMITTEE ASSIGNMENTS | | | ||||||
| | None. | | | ||||||
| | QUALIFICATIONS | | | ||||||
| | Mr. Elegba has extensive experience in finance, business and capital markets and has served in the military. | | |
| | | | MELVIN F. PARKER | | | ||||
| AGE | | | 56 | | | ||||
| DIRECTOR SINCE | | | 2014 | | | ||||
| | | | |||||||
| | COMMITTEE ASSIGNMENTS | | | ||||||
| | Nominating and Governance Committee, Chair and Audit Committee, Member | | | ||||||
| | QUALIFICATIONS | | | ||||||
| | Mr. Parker has extensive experience in management and leadership as a senior executive for a number of public companies and has served in the military. | | |
| | | | STEPHEN L. WAECHTER | | | ||||
| AGE | | | 73 | | | ||||
| DIRECTOR SINCE | | | 2014 | | | ||||
| | | | |||||||
| | COMMITTEE ASSIGNMENTS | | | ||||||
| | Audit Committee, Chair; Nominating and Governance Committee, Member | | | ||||||
| | QUALIFICATIONS | | | ||||||
| | Mr. Waechter has extensive experience in finance, merger and acquisitions and leadership and has held executive positions at several government contractors and other public companies. Mr. Waechter has also served as a director of several private companies and as an audit committee chair of a public company. | | |
| | Fiscal Year Ended | | | | Fiscal Year Ended December 31 | | | ||||||||||||||||
| | | | | | 2021 ($) | | | | 2020 ($) | | | | | | | | 2023 ($) | | | | 2022 ($) | | |
| | Audit Fees(1) | | | | 1,647,285 | | | | 1,264,222 | | | | Audit Fees(1) | | | | 3,356,729 | | | | 2,898,000 | | |
| | Audit-Related Fees(2) | | | | 40,000 | | | | 40,000 | | | | Audit-Related Fees(2) | | | | — | | | | — | | |
| | Tax Fees(3) | | | | N/A | | | | N/A | | | | Tax Fees(3) | | | | 7,720 | | | | 280,875 | | |
| | All Other Fees(4) | | | | 1,895 | | | | 1,895 | | | | All Other Fees(4) | | | | — | | | | — | | |
| | Total | | | | 1,689,180 | | | | 1,306,117 | | | | Total | | | | 3,364,449 | | | | 3,178,875 | | |
| | Plan Category | | | | (a) Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights (millions) | | | | (b) Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights ($) | | | | (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 | | | | .04(1) | | | | 22.93(2) | | | | .9(3) | | |
| | Equity Compensation Plans Not Approved by Security Holders | | | | — | | | | — | | | | — | | |
| | Total | | | | .04 | | | | 22.93 | | | | .9 | | |
| | |
| 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) | | | | 139,548 | | | | 199,997 | | | | 339,545 | |
| 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 | | Abbas O. Elegba(4) | | | | N/A | | | | N/A | | | | N/A | |
| William F. Murdy | | | | 85,000 | | | | 130,013 | | | | 215,013 | | Lee E. Evangelakos(4) | | | | N/A | | | | N/A | | | | N/A | |
| Melvin F. Parker | | | | 85,000 | | | | 130,013 | | | | 215,013 | | Melvin F. Parker(5) | | | | 104,548 | | | | 149,987 | | | | 254,535 | |
| Eric M. Pillmore(6) | | | | 100,000 | | | | 130,013 | | | | 230,013 | | Eric M. Pillmore | | | | 89,548 | | | | 149,987 | | | | 239,535 | |
| Stephen L. Waechter(7) | | | | 105,000 | | | | 130,013 | | | | 235,013 | | Joel M. Rotroff(4) | | | | N/A | | | | N/A | | | | N/A | |
| Phillip C. Widman | | | | 85,000 | | | | 130,013 | | | | 215,013 | | Neil D. Snyder(4) | | | | N/A | | | | N/A | | | | N/A | |
| Stephen L. Waechter(6) | | | | 109,548 | | | | 149,987 | | | | 259,535 | | ||||||||||||||
| Phillip C. Widman(7) | | | | 107,048 | | | | 149,987 | | | | 257,035 | | ||||||||||||||
| John “Ed” Boyington, Jr.(8) | | | | 27,247 | | | | — | | | | 27,247 | |
| | |
| RESTRICTED STOCK UNIT AWARDS OUTSTANDING AT | |
| Name | | | | Restricted Stock Unit Awards | |
| ||||||
Mary L. Howell | | | | | ||
| Dino M. Cusumano(1) | | | | | |
| Abbas Elegba(1) | | | | N/A | |
| 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 | | | | | |
| John “Ed” Boyington, Jr.(2) | | | | N/A | |
| | DIRECTOR | | | | AUDIT | | | | COMPENSATION AND HUMAN CAPITAL | | | | NOMINATING AND GOVERNANCE | | | ||||||||||||||||
| | Mary L. Howell | | | | | | | | | | | | | | | | | | | | | ||||||||||
| | | ||||||||||||||||||||||||||||||
| | Dino M. Cusumano | | | | | | | | | | | | | | | | | | | | | | | | |||||||
| | Abbas O. Elegba | | | | | | | | | | | | | | | | | | | | | | | ||||||||
| | 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: | | |
| | • | | |
| | • | | |
| | • | | |
| | • | | |
| | • | ||
| | | ||
| | • | | |
| | • | | |
| | • | | |
| | • | | |
| | WE DO NOT: | | |
| | • | | |
| | • | | |
| | • | | |
| | • Provide tax gross-ups for perquisites or in connection with payments made in the event of a change in control; however, tax | | |
| | • | | |
| | • | | |
| | • | | |
| | Name and Principal Position | | | | 2021 Base Salary ($) | | | | Target 2021 AIP Award (% of Base Salary)(1) | | | | Target 2021 Long-Term Incentive Award ($) | | |
| | Charles L. Prow President and Chief Executive Officer | | | | 769,000 | | | | 110% | | | | 2,100,000 | | |
| | Susan D. Lynch Senior Vice President and Chief Financial Officer | | | | 441,000 | | | | 70% | | | | 450,000 | | |
| | Susan L. Deagle Senior Vice President, Growth and Enterprise Operations | | | | 410,000 | | | | 65% | | | | 390,000 | | |
| | David A. Hathaway (Former) Senior Vice President, Vectrus Programs | | | | 410,000 | | | | 65% | | | | 390,000 | | |
| | Kevin T. Boyle Senior Vice President, Chief Legal Officer and General Counsel | | | | 395,000 | | | | 55% | | | | 325,000 | | |
| | Kenneth W. Shreves Senior Vice President, Organic Growth and Operational Enablement | | | | 400,000 | | | | 60% | | | | 250,000 | | |
| | Name and Principal Position | | | | 2023 Base Salary ($) | | | | Target 2023 Annual AIP Award (% of Base Salary)(1) | | | | Target 2023 Long-Term Incentive Award ($) | | |
| | Charles L. Prow President and Chief Executive Officer | | | | 950,000 | | | | 110% | | | | 3,500,000 | | |
| | Shawn M. Mural SVP and Chief Financial Officer | | | | 700,000 | | | | 80% | | | | 750,000 | | |
| | Susan D. Lynch(2) Former Chief Financial Officer | | | | 550,000 | | | | 75% | | | | 800,000 | | |
| | Susan L. Deagle(2) SVP and Chief Growth and Client Service Officer | | | | 525,000 | | | | 75% | | | | 800,000 | | |
| | Kenneth W. Shreves SVP, Global Mission Solutions | | | | 450,000 | | | | 65% | | | | 550,000 | | |
| | William W. Beard(2) SVP, Aerospace Solutions | | | | 450,000 | | | | 65% | | | | 550,000 | | |
| | AAR Corp. | | | | Hexcel Corporation | | | | SAIC | | |
| | AeroVironment, Inc. | | | | Howmet Aerospace, Inc. | | | | Teledyne Technologies, Inc. | | |
| | Axon Enterprise, Inc. | | | | Huntington Ingalls Industries, Inc. | | | | TransDigm Group, Inc. | | |
| | Booz Allen Hamilton | | | | Kaman Corporation | | | | Triumph Group, Inc. | | |
| | CACI International Inc. | | | | Mercury Systems, Inc. | | | | VSE Corporation | | |
| | Curtiss-Wright Corporation | | | | Moog, Inc. | | | | | | |
| | 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 | | |
| | | | | PERFORMANCE PERCENTAGE | | | |
| | |||||||
| | | 10% | | | |||
| | New Business Wins | | | | | | |
| | Adjusted | | | | 50% | | |
| | DSO | | | | 20% | | |
| | Individual Strategic | | | | | |
| | | | | | Adjusted Diluted Earnings Per Share (EPS)* | | | | Adjusted Revenue* | | | | New Business Wins* | | | | Adjusted Days Sales Outstanding (DSO)* | | | | Individual Strategic Goals* | | | ||||||||||||||||||||||||||||||||||||||||
| | | | | | Threshold | | | | Target | | | | Maximum | | | | Threshold | | | | Target | | | | Maximum | | | | Threshold | | | | Target | | | | Maximum | | | | Threshold | | | | Target | | | | Maximum | | | | Threshold | | | | Target | | | | Maximum | | |
| | Performance Percentage of Target | | | | 87% | | | | 100% | | | | 114% | | | | 92% | | | | 100% | | | | 110% | | | | 23.8% | | | | 100% | | | | 145.2% | | | | 93.3% | | | | 100% | | | | 200% | | | | 0% | | | | 100% | | | | 200% | | |
| | Payout Percentage of Target | | | | 50% | | | | 100% | | | | 200% | | | | 50% | | | | 100% | | | | 200% | | | | 1% | | | | 100% | | | | 200% | | | | 2% | | | | 100% | | | | 200% | | | | 0% | | | | 100% | | | | 200% | | |
| | | | | | Total Revenue* | | | | New Business Wins* | | | | Adjusted EBITDA* | | | | DSO | | | | Individual Strategic Achievements | | | ||||||||||||||||||||||||||||||||||||||||
| | | | | | Min | | | | Tgt | | | | Max | | | | Min | | | | Tgt | | | | Max | | | | Min | | | | Tgt | | | | Max | | | | Min | | | | Tgt | | | | Max | | | | Min | | | | Tgt | | | | Max | | |
| | Performance Percentage of Target | | | | 92% | | | | 100% | | | | 110% | | | | 40% | | | | 100% | | | | 180% | | | | 85% | | | | 100% | | | | 115% | | | | 94.7% | | | | 100% | | | | 109.2% | | | | 0% | | | | 100% | | | | 200% | | |
| | Payout Percentage of Target | | | | 50% | | | | 100% | | | | 200% | | | | 25% | | | | 100% | | | | 200% | | | | 50% | | | | 100% | | | | 200% | | | | 33.3% | | | | 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 DSO) | | | | Performance Target at 100.0% Payment and Weighting(1) | | | | 2023 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% | | | | Total Revenue | | | | $3,825.0 | | | | 10.0% | | | | $3,963.1 | | | | 103.6% | | | | 136.1% | | | | 13.6% | | |
| | Adjusted Revenue | | | | $1,683.2 | | | | 10.0% | | | | $1,783.7 | | | | 106.0% | | | | 158.8% | | | | 15.9% | | | | New Business Wins | | | | $517.0 | | | | 10.0% | | | | $944.3 | | | | 182.6% | | | | 200.0% | | | | 20.0% | | |
| | New Business Wins | | | | $210.0 | | | | 20.0% | | | | $560.9 | | | | 267.1% | | | | 200.0% | | | | 40.0% | | | | Adjusted EBITDA | | | | $295.0 | | | | 50.0% | | | | $293.9 | | | | 99.6% | | | | 98.7% | | | | 49.4% | | |
| | Adjusted Days Sales Outstanding | | | | 68.0 | | | | 20.0% | | | | 69.5 | | | | 97.8% | | | | 70.1% | | | | 14.0% | | | | DSO | | | | 71.0 | | | | 20.0% | | | | 67.5 | | | | 105.2% | | | | 158.3% | | | | 31.7% | | |
| | Individual Strategic Goals (discussed below) | | | | | | | | 20.0% | | | | | | | | 100.0% | | | | | | | | 20.0% | | | | Individual Strategic Achievements (discussed below) | | | | | | | | 10.0% | | | | | | | | 100.0% | | | | 100.0% | | | | 10.0% | | |
| | Name | | | | Base Salary (a) ($) | | | | 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) ($)(3) | | | | Name | | | | Base Salary (a)($) | | | | Annual Incentive Target as a Percent of Base Salary (b)(1) | | | | Total Revenue Percent Achieved | | | | New Business Wins Percent Achieved | | | | Adjusted EBITDA Percent Achieved | | | | DSO Percent Achieved | | | | Individual Strategic Achievements Percent Achieved(2) | | | | Approved Total Performance Percent Payout (c) | | | | Actual 2023 AIP Awards (a)x(b)x (c)($) | | |
| | Charles L. Prow | | | | 769,000 | | | | 110 | | | | 48.2 | | | | 15.9 | | | | 40.0 | | | | 14.0 | | | | 22.0 | | | | 140.1 | | | | 1,185,106 | | | | Charles L. Prow | | | | 950,000 | | | | 110 | | | | 13.6 | | | | 20.0 | | | | 49.4 | | | | 31.7 | | | | 10 | | | | 124.7 | | | | 1,303,115 | | |
| | Susan D. Lynch | | | | 441,000 | | | | 70 | | | | 48.2 | | | | 15.9 | | | | 40.0 | | | | 14.0 | | | | 28.0 | | | | 146.1 | | | | 451,011 | | | | Shawn M. Mural(3) | | | | 700,000 | | | | 80 | | | | 13.6 | | | | 20.0 | | | | 49.4 | | | | 31.7 | | | | 10 | | | | 124.7 | | | | 174,580 | | |
| | Susan L. Deagle | | | | 410,000 | | | | 65 | | | | 48.2 | | | | 15.9 | | | | 40.0 | | | | 14.0 | | | | 28.0 | | | | 146.1 | | | | 389,357 | | | | Susan D. Lynch(4) | | | | 550,000 | | | | 75 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | |
| | David A. Hathaway | | | | 410,000 | | | | 65 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | ||||||||||||||||||||||||||||||||||||||||
| | Kevin T. Boyle | | | | 395,000 | | | | 55 | | | | 48.2 | | | | 15.9 | | | | 40.0 | | | | 14.0 | | | | 24.0 | | | | 142.1 | | | | 308,713 | | | ||||||||||||||||||||||||||||||||||||||||
| | Kenneth W. Shreves | | | | 400,000 | | | | 60 | | | | 48.2 | | | | 15.9 | | | | 40.0 | | | | 14.0 | | | | 25.0 | | | | 143.1 | | | | 343,440 | | |
| | Name | | | | Base Salary (a)($) | | | | Annual Incentive Target as a Percent of Base Salary (b)(1) | | | | Total Revenue Percent Achieved | | | | New Business Wins Percent Achieved | | | | Adjusted EBITDA Percent Achieved | | | | DSO Percent Achieved | | | | Individual Strategic Achievements Percent Achieved(2) | | | | Approved Total Performance Percent Payout (c) | | | | Actual 2023 AIP Awards (a)x(b)x (c)($) | | |
| | Susan L. Deagle | | | | 525,000 | | | | 75 | | | | 13.6 | | | | 20.0 | | | | 49.4 | | | | 31.7 | | | | 10 | | | | 124.7 | | | | 491,069 | | |
| | Kenneth W. Shreves | | | | 450,000 | | | | 65 | | | | 13.6 | | | | 20.0 | | | | 49.4 | | | | 31.7 | | | | 16.2 | | | | 130.9 | | | | 382,985 | | |
| | William W. Beard | | | | 450,000 | | | | 65 | | | | 13.6 | | | | 20.0 | | | | 49.4 | | | | 31.7 | | | | 7.5 | | | | 122.2 | | | | 357,453 | | |
| | Charles L. Prow | | |
| | | |
| | Susan L. Deagle | | |
| | Kenneth W. Shreves | | |
| | William W. Beard | | |
| | Name | | | | Restricted Stock Unit Award Value ($) | | | | Restricted Stock Unit Awards (# of Units) | | | | Relative Total Shareholder Return Target Award ($) | | | | | | | | RSU Award | | | | PSU Group 1 and Group 2 Awards | | | ||||||||
| Represents 50% of total award value | | | | Represents 50% of total award value | | | | Name | | | | $ Value | | | | # of Units | | | | $ Value | | | | # of Units | | | |||||||||
| | Charles L. Prow | | | | 1,050,000 | | | | 18,016 | | | | 1,050,000 | | | | Charles L. Prow | | | | 1,750,000 | | | | 44,428 | | | | 4,125,000 | | | | 95,735 | | |
| | Susan D. Lynch | | | | 225,000 | | | | 3,861 | | | | 225,000 | | | | Shawn M. Mural | | | | 624,976 | | | | 11,413 | | | | 691,624 | | | | 13,688 | | |
| | Susan L. Deagle | | | | 195,000 | | | | 3,346 | | | | 195,000 | | | | Susan D. Lynch | | | | 400,000 | | | | 10,155 | | | | 970,000 | | | | 22,469 | | |
| | David A. Hathaway | | | | 195,000 | | | | 3,346 | | | | 195,000 | | | | Susan L. Deagle | | | | 400,000 | | | | 10,155 | | | | 922,500 | | | | 21,443 | | |
| | Kevin T. Boyle | | | | 162,500 | | | | 2,788 | | | | 162,500 | | | | Kenneth W. Shreves | | | | 275,000 | | | | 6,981 | | | | 583,750 | | | | 13,651 | | |
| | Kenneth W. Shreves | | | | 125,000 | | | | 2,145 | | | | 125,000 | | | | William W. Beard | | | | 275,000 | | | | 6,981 | | | | 655,000 | | | | 15,190 | | |
| | | | | PSU Group 1 Award Vesting Factor | | | |
| | | | | 0% | | | |
| | | | | 50% | | | |
| | | | | 100% | | | |
| | | | | 200% | | |
| | Name | | | | PSU Group 1 Target Award ($) | | | | PSU Group 1 Target Award (# of Units) | | |
| | Charles L. Prow | | | | 1,750,000 | | | | 44,428 | | |
| | Shawn M. Mural | | | | 375,000 | | | | 6,848 | | |
| | Susan D. Lynch | | | | 400,000 | | | | 10,155 | | |
| | Susan L. Deagle | | | | 400,000 | | | | 10,155 | | |
| | Kenneth W. Shreves | | | | 275,000 | | | | 6,981 | | |
| | William W. Beard | | | | 275,000 | | | | 6,981 | | |
| | Company Per Share Average* | | | | PSU Group 2 Award Vesting Factor | | |
| | less than $60 | | | | 0% | | |
| | $60 | | | | 30% | | |
| | $75 | | | | 60% | | |
| | $90 or Greater | | | | 80% | | |
| | Name | | | | PSU Group 2 Target Award ($) | | | | PSU Group 2 Target Award (# of Units) | | |
| | Charles L. Prow | | | | 2,375,000 | | | | 51,307 | | |
| | Shawn M. Mural | | | | 316,624 | | | | 6,840 | | |
| | Susan D. Lynch | | | | 570,000 | | | | 12,314 | | |
| | Susan L. Deagle | | | | 522,500 | | | | 11,288 | | |
| | Kenneth W. Shreves | | | | 308,750 | | | | 6,670 | | |
| | William W. Beard | | | | 380,000 | | | | 8,209 | | |
| | Name | | | | 2019 Target Award ($) | | | | Payout at 130.9% ($) | | | | Name | | | | 2021 Target Award ($) | | | | Payout at 49.77% ($) | | |
| | Charles L. Prow | | | | 800,000 | | | | 1,047,200 | | | | Charles L. Prow | | | | 1,050,000 | | | | 522,585 | | |
| | Susan D. Lynch | | | | 225,000 | | | | 294,525 | | | | Shawn M. Mural(1) | | | | — | | | | — | | |
| | Susan L. Deagle | | | | 125,000 | | | | 163,625 | | | | Susan D. Lynch(2) | | | | 225,000 | | | | 111,983 | | |
| | David A. Hathaway | | | | 125,000 | | | | — | | | | Susan L. Deagle | | | | 195,000 | | | | 97,052 | | |
| | Kevin T. Boyle | | | | 125,000 | | | | 163,625 | | | | Kenneth W. Shreves | | | | 125,000 | | | | 62,213 | | |
| | Kenneth W. Shreves | | | | 80,000 | | | | 104,720 | | | | William W. Beard(1) | | | | — | | | | — | | |
| | 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 — PSUs | | | | • RSUs vest annually in one-third increments over a three-year period. | | |
| • PSUs are performance-based equity awards | | | |||||
| | 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 | | | | Provides mechanism for | | |
| | 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 ($) | | | | Stock Awards ($)(1) | | | | Non-equity Incentive Plan Compensation ($)(2) | | | | All Other Compensation ($)(3) | | | | 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 | | | | 2023 | | | | 926,919 | | | | 5,285,471 | | | | 1,303,115 | | | | 40,120 | | | | 7,555,625 | | |
| 2020 | | | | 738,467 | | | | — | | | | 1,900,019 | | | | — | | | | 769,400 | | | | — | | | | 33,371 | | | | 3,441,257 | | | | 2022 | | | | 831,310 | | | | 2,500,013 | | | | 1,251,965 | | | | 36,391 | | | | 4,619,679 | | | |||||||||
| | | | | | 2019 | | | | 700,003 | | | | — | | | | 1,599,994 | | | | — | | | | 645,300 | | | | — | | | | 102,766 | | | | 3,048,063 | | | | 2021 | | | | 764,619 | | | | 2,099,972 | | | | 1,185,106 | | | | 33,844 | | | | 4,083,541 | | | ||||
| | Susan D. Lynch Senior Vice President and Chief Financial Officer(f) | | | | 2021 | | | | 438,452 | | | | — | | | | 450,019 | | | | — | | | | 451,011 | | | | — | | | | 17,393 | | | | 1,356,875 | | | | Shawn M. Mural SVP and Chief Financial Officer | | | | 2023 | | | | 149,759 | | | | 1,397,217 | | | | 174,580 | | | | 1,433 | | | | 1,722,989 | | |
| 2020 | | | | 429,916 | | | | — | | | | 449,985 | | | | — | | | | 273,100 | | | | — | | | | 17,684 | | | | 1,170,685 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | |||||||||
| | | | | | 2019 | | | | 168,700 | | | | — | | | | 450,001 | | | | — | | | | 93,000 | | | | — | | | | 819 | | | | 712,520 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | ||||
| | Susan L. Deagle Senior Vice President, Growth and Enterprise Operations | | | | 2021 | | | | 407,691 | | | | — | | | | 390,005 | | | | — | | | | 389,357 | | | | — | | | | 15,769 | | | | 1,202,822 | | | | Susan D. Lynch(4) Former Chief Financial Officer | | | | 2023 | | | | 475,675 | | | | 1,225,112 | | | | — | | | | 1,944,736 | | | | 3,645,523 | | |
| 2020 | | | | 393,088 | | | | — | | | | 350,012 | | | | — | | | | 234,500 | | | | — | | | | 15,261 | | | | 992,861 | | | | 2022 | | | | 486,379 | | | | 600,016 | | | | 502,125 | | | | 17,507 | | | | 1,606,027 | | | |||||||||
| 2019 | | | | 362,336 | | | | — | | | | 249,996 | | | | — | | | | 195,000 | | | | — | | | | 13,656 | | | | 820,988 | | | | 2021 | | | | 438,452 | | | | 450,019 | | | | 451,011 | | | | 17,393 | | | | 1,356,875 | | | |||||||||
| | David A. Hathaway(g) (Former) Senior Vice President, Vectrus Programs | | | | 2021 | | | | 313,145 | | | | — | | | | 390,005 | | | | — | | | | — | | | | — | | | | 8,564 | | | | 711,714 | | | | Susan L. Deagle(5) SVP and Chief Growth and Client Service Officer | | | | 2023 | | | | 513,462 | | | | 1,195,378 | | | | 491,069 | | | | 21,091 | | | | 2,221,000 | | |
| 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 | | | | Kenneth W. Shreves SVP, Global Mission Solutions | | | | 2023 | | | | 438,458 | | | | 790,173 | | | | 382,985 | | | | 19,171 | | | | 1,630,787 | | |
| 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 | | | | William W. Beard(6) SVP, Aerospace Solutions | | | | 2023 | | | | 428,165 | | | | 834,773 | | | | 357,453 | | | | 24,852 | | | | 1,645,243 | | |
| — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 2022 | | | | 173,389 | | | | 3,977,391 | | | | 289,121 | | | | 4,656 | | | | 4,444,557 | | | |||||||||
| — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | |
| | Name | | | | Year | | | | Perquisites(a) ($) | | | | Tax Reimbursements(b) ($) | | | | Excess Savings Plan Contributions(c) ($) | | | | 401(k) Matching Contributions(d) ($) | | | | Other(e) ($) | | | | Total All Other Compensation ($) | | | | Name | | | | Year | | | | Perquisites(1) ($) | | | | Severance(2) ($) | | | | Excess Savings Plan Contributions(3) ($) | | | | 401(k) Matching Contributions(4) ($) | | | | Other(5) ($) | | | | Total All Other Compensation ($) | | |
| | Charles L. Prow | | | | 2021 | | | | — | | | | — | | | | 18,985 | | | | 10,838 | | | | 4,021 | | | | 33,844 | | | | Charles L. Prow | | | | 2023 | | | | — | | | | — | | | | 23,877 | | | | 12,222 | | | | 4,021 | | | | 40,120 | | |
| | Susan D. Lynch | | | | 2021 | | | | — | | | | — | | | | 5,938 | | | | 8,617 | | | | 2,838 | | | | 17,393 | | | | Shawn M. Mural | | | | 2023 | | | | — | | | | — | | | | — | | | | 1,077 | | | | 356 | | | | 1,433 | | |
| | Susan L. Deagle | | | | 2021 | | | | — | | | | — | | | | 4,708 | | | | 10,150 | | | | 911 | | | | 15,769 | | | | Susan D. Lynch | | | | 2023 | | | | — | | | | 1,925,000 | | | | 3,671 | | | | 13,262 | | | | 2,803 | | | | 1,944,736 | | |
| | David A. Hathaway | | | | 2021 | | | | — | | | | — | | | | 315 | | | | 6,975 | | | | 1,274 | | | | 8,564 | | | | Susan L. Deagle | | | | 2023 | | | | — | | | | — | | | | 7,338 | | | | 11,550 | | | | 2,203 | | | | 21,091 | | |
| | Kevin T. Boyle | | | | 2021 | | | | — | | | | — | | | | 4,007 | | | | 8,564 | | | | 866 | | | | 13,437 | | | | Kenneth W. Shreves | | | | 2023 | | | | — | | | | — | | | | 4,338 | | | | 12,000 | | | | 2,833 | | | | 19,171 | | |
| | Kenneth W. Shreves | | | | 2021 | | | | — | | | | — | | | | 1,617 | | | | 10,419 | | | | 1,332 | | | | 13,368 | | | | William W. Beard | | | | 2023 | | | | — | | | | — | | | | — | | | | 22,500 | | | | 2,352 | | | | 24,852 | | |
| | Name | | | | Grant Date | | | | Estimated Future Payouts Under Non-Equity Incentive Plan Awards(1) | | | | Estimated Future Payouts Under Equity Incentive Plan Awards(2) | | | | All Other Stock Awards: Number of Shares of Stock or Units (#)(3) | | | | All Other Option Awards: Number of Securities Underlying Options (#)(4) | | | | Exercise or Base Price of Option Awards ($/Sh)(4) | | | | Grant Date Fair Value of Stock and Option Awards ($)(5) | | | | Name | | | | Award Type | | | | Approval Date | | | | Grant Date | | | | Estimated Future Payouts Under Non-Equity Incentive Plan Awards(1) | | | | Estimated Future Payouts Under Equity Incentive Plan Awards(2) | | | | All Other Stock Awards: Number of Shares of Stock or Units (#)(3) | | | | Grant Date Fair Value of Stock Awards ($)(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 | | | | Cash | | | | | | | | | | | | 522,500 | | | | 1,045,000 | | | | 2,090,000 | | | | | | | | | | | | | | | | | | | | | | |
| 1/1/2021 | | | | | | | | | | | | | | | | 525,000 | | | | 1,050,000 | | | | 2,100,000 | | | | | | | | | | | | | | | | | | | | PSU Group 1 Award | | | | 2/21/2023 | | | | 3/10/2023 | | | | | | | | | | | | | | | | 22,214 | | | | 44,428 | | | | 88,856 | | | | | | | | 2,048,575 | | | |||||||||
| 3/4/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 18,016 | | | | | | | | | | | | 1,049,972 | | | | PSU Group 2 Award | | | | 2/21/2023 | | | | 3/10/2023 | | | | | | | | | | | | | | | | 15,392 | | | | 51,307 | | | | 51,307 | | | | | | | | 1,486,877 | | | |||||||||
| | Susan D. Lynch | | | | | | | | 154,350 | | | | 308,700 | | | | 617,400 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | RSU | | | | 2/21/2023 | | | | 3/10/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 44,428 | | | | 1,750,019 | | | ||||
| 1/1/2021 | | | | | | | | | | | | | | | | 112,500 | | | | 225,000 | | | | 450,000 | | | | | | | | | | | | | | | | | | | | Shawn M. Mural | | | | Cash | | | | | | | | | | | | 280,000 | | | | 560,000 | | | | 1,120,000 | | | | | | | | | | | | | | | | | | | | | | | |||||
| 3/4/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,861 | | | | | | | | | | | | 225,019 | | | | PSU Group 1 Award | | | | 9/28/2023 | | | | 10/9/2023 | | | | | | | | | | | | | | | | 3,424 | | | | 6,848 | | | | 13,696 | | | | | | | | 531,747 | | | |||||||||
| | Susan L. Deagle | | | | | | | | 133,250 | | | | 266,500 | | | | 533,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | PSU Group 2 Award(5) | | | | 9/28/2023 | | | | 10/9/2023 | | | | | | | | | | | | | | | | 2,052 | | | | 6,840 | | | | 6,840 | | | | | | | | 240,494 | | | ||||
| 1/1/2021 | | | | | | | | | | | | | | | | 97,500 | | | | 195,000 | | | | 390,000 | | | | | | | | | | | | | | | | | | | | RSU(5) | | | | 9/28/2023 | | | | 10/9/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 11,413 | | | | 624,976 | | | |||||||||
| 3/4/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,346 | | | | | | | | | | | | 195,005 | | | | Susan D. Lynch | | | | Cash | | | | | | | | | | | | 206,250 | | | | 412,500 | | | | 825,000 | | | | | | | | | | | | | | | | | | | | | | | |||||
| | David A. Hathaway | | | | | | | | 133,250 | | | | 266,500 | | | | 533,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | PSU Group 1 Award | | | | 2/21/2023 | | | | 3/10/2023 | | | | | | | | | | | | | | | | 5,078 | | | | 10,155 | | | | 20,310 | | | | | | | | 468,247 | | | ||||
| 1/1/2021 | | | | | | | | | | | | | | | | 97,500 | | | | 195,000 | | | | 390,000 | | | | | | | | | | | | | | | | | | | | PSU Group 2 Award | | | | 2/21/2023 | | | | 3/10/2023 | | | | | | | | | | | | | | | | 3,694 | | | | 12,314 | | | | 12,314 | | | | | | | | 356,860 | | | |||||||||
| 3/4/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,346 | | | | | | | | | | | | 195,005 | | | | RSU | | | | 2/21/2023 | | | | 3/10/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 10,155 | | | | 400,005 | | | |||||||||
| | Kevin T. Boyle | | | | | | | | 108,625 | | | | 217,250 | | | | 434,500 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Susan L. Deagle | | | | Cash | | | | | | | | | | | | 196,875 | | | | 393,750 | | | | 787,500 | | | | | | | | | | | | | | | | | | | | | | |
| 1/1/2021 | | | | | | | | | | | | | | | | 81,250 | | | | 162,500 | | | | 325,000 | | | | | | | | | | | | | | | | | | | | PSU Group 1 Award | | | | 2/21/2023 | | | | 3/10/2023 | | | | | | | | | | | | | | | | 5,078 | | | | 10,155 | | | | 20,310 | | | | | | | | 468,247 | | | |||||||||
| 3/4/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,788 | | | | | | | | | | | | 162,485 | | | | PSU Group 2 Award | | | | 2/21/2023 | | | | 3/10/2023 | | | | | | | | | | | | | | | | 3,386 | | | | 11,288 | | | | 11,288 | | | | | | | | 327,126 | | | |||||||||
| | Kenneth W. Shreves | | | | | | | | 120,000 | | | | 240,000 | | | | 480,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | RSU | | | | 2/21/2023 | | | | 3/10/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 10,155 | | | | 400,005 | | | ||||
| 1/1/2021 | | | | | | | | | | | | | | | | 62,500 | | | | 125,000 | | | | 250,000 | | | | | | | | | | | | | | | | | | | | Kenneth W. Shreves | | | | Cash | | | | | | | | | | | | 146,250 | | | | 292,500 | | | | 585,000 | | | | | | | | | | | | | | | | | | | | | | | |||||
| 3/4/2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,145 | | | | | | | | | | | | 125,011 | | | | PSU Group 1 Award | | | | 2/21/2023 | | | | 3/10/2023 | | | | | | | | | | | | | | | | 3,491 | | | | 6,981 | | | | 13,962 | | | | | | | | 321,894 | | | |||||||||
| | PSU Group 2 Award | | | | 2/21/2023 | | | | 3/10/2023 | | | | | | | | | | | | | | | | 2,001 | | | | 6,670 | | | | 6,670 | | | | | | | | 193,297 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| RSU | | | | 2/21/2023 | | | | 3/10/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 6,981 | | | | 274,982 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| William W. Beard | | | | Cash | | | | | | | | | | | | 112,703 | | | | 225,405 | | | | 450,810 | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||
| PSU Group 1 Award | | | | 2/21/2023 | | | | 3/10/2023 | | | | | | | | | | | | | | | | 3,491 | | | | 6,981 | | | | 13,962 | | | | | | | | 321,894 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| | PSU Group 2 Award | | | | 2/21/2023 | | | | 3/10/2023 | | | | | | | | | | | | | | | | 2,463 | | | | 8,209 | | | | 9,209 | | | | | | | | 237,897 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| RSU | | | | 2/21/2023 | | | | 3/10/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 6,981 | | | | 274,982 | | |
| | | | | | | | | | 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 ($)(1) | | | | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) | | | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(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 | | | | 3/4/2021 | | | | — | | | | — | | | | — | | | | — | | | | 6,005 | | | | 278,872 | | | | — | | | | — | | | |||||||||
| 3/5/2020 | | | | — | | | | — | | | | — | | | | — | | | | 11,938 | | | | 546,402 | | | | 3/10/2022 | | | | — | | | | — | | | | — | | | | — | | | | 23,090 | | | | 1,072,300 | | | | — | | | | — | | | |||||||||
| 3/4/2021 | | | | — | | | | — | | | | — | | | | — | | | | 18,016 | | | | 824,592 | | | | 3/10/2023 | | | | — | | | | — | | | | — | | | | — | | | | 44,428 | | | | 2,063,236 | | | | — | | | | — | | | |||||||||
| | Susan D. Lynch | | | | 8/8/2019 | | | | — | | | | — | | | | — | | | | — | | | | 1,725 | | | | 78,953 | | | | 3/10/2023 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 44,428(2) | | | | 2,063,236 | | | ||||
| 3/5/2020 | | | | — | | | | — | | | | — | | | | — | | | | 2,827 | | | | 129,392 | | | | 3/10/2023 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 51,307(3) | | | | 2,382,697 | | | |||||||||
| 3/4/2021 | | | | — | | | | — | | | | — | | | | — | | | | 3,861 | | | | 176,718 | | | | Shawn M. Mural | | | | 10/9/2023 | | | | — | | | | — | | | | — | | | | — | | | | 4,565 | | | | 211,999 | | | | — | | | | — | | | |||||
| | Susan L. Deagle | | | | 5/8/2017 | | | | 5,618 | | | | — | | | | 26.05 | | | | 5/8/2027 | | | | — | | | | — | | | | 10/9/2023 | | | | — | | | | — | | | | — | | | | — | | | | 6,848 | | | | 318,021 | | | | — | | | | — | | | ||||
| 3/4/2019 | | | | — | | | | — | | | | — | | | | — | | | | 1,502 | | | | 68,747 | | | | 10/9/2023 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 6,848(2) | | | | 318,021 | | | |||||||||
| 3/5/2020 | | | | — | | | | — | | | | — | | | | — | | | | 2,199 | | | | 100,648 | | | | 10/9/2023 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 6,840(3) | | | | 317,650 | | | |||||||||
| 3/4/2021 | | | | — | | | | — | | | | — | | | | — | | | | 3,346 | | | | 153,146 | | | | Susan D. Lynch | | | | 3/10/2023 | | | | — | | | | — | | | | — | | | | — | | | | 10,155(4) | | | | 471,598 | | | | — | | | | — | | | |||||
| | David A. Hathaway(3) | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 3/10/2023 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 10,155(2)(4) | | | | 471,598 | | | ||||
| — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | Susan L. Deagle | | | | 5/8/2017 | | | | 5,618 | | | | — | | | | 26.05 | | | | 5/8/2027 | | | | — | | | | — | | | | — | | | | — | | | |||||
| — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 3/4/2021 | | | | — | | | | — | | | | — | | | | — | | | | 1,115 | | | | 51,781 | | | | — | | | | — | | | |||||||||
| | Kevin T. Boyle | | | | 3/4/2019 | | | | — | | | | — | | | | — | | | | — | | | | 1,502 | | | | 68,747 | | | | 3/10/2022 | | | | — | | | | — | | | | — | | | | — | | | | 5,080 | | | | 235,915 | | | | — | | | | — | | | ||||
| 3/5/2020 | | | | — | | | | — | | | | — | | | | — | | | | 1,885 | | | | 86,276 | | | | 3/10/2023 | | | | — | | | | — | | | | — | | | | — | | | | 10,155 | | | | 471,598 | | | | — | | | | — | | | |||||||||
| 3/4/2021 | | | | — | | | | — | | | | — | | | | — | | | | 2,788 | | | | 127,607 | | | | 3/10/2023 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 10,155(2) | | | | 471,598 | | | |||||||||
| | Kenneth W. Shreves | | | | 3/4/2019 | | | | — | | | | — | | | | — | | | | — | | | | 961 | | | | 43,985 | | | | 3/10/2023 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 11,288(3) | | | | 524,215 | | | ||||
| 3/5/2020 | | | | — | | | | — | | | | — | | | | — | | | | 942 | | | | 43,115 | | | | Kenneth W. Shreves | | | | 3/4/2021 | | | | — | | | | — | | | | — | | | | — | | | | 715 | | | | 33,205 | | | | — | | | | — | | | |||||
| 3/4/2021 | | | | — | | | | — | | | | — | | | | — | | | | 2,145 | | | | 98,177 | | | | 3/10/2022 | | | | — | | | | — | | | | — | | | | — | | | | 3,002 | | | | 139,413 | | | | — | | | | — | | | |||||||||
| | 3/10/2023 | | | | — | | | | — | | | | — | | | | — | | | | 6,981 | | | | 324,198 | | | | — | | | | — | | | ||||||||||||||||||||||||||||||||||||
| 3/10/2023 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 6,981(2) | | | | 324,198 | | | |||||||||||||||||||||||||||||||||||||
| 3/10/2023 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 6,670(3) | | | | 309,755 | | | |||||||||||||||||||||||||||||||||||||
| William W. Beard | | | | 7/5/2022 | | | | — | | | | — | | | | — | | | | — | | | | 58,629 | | | | 2,722,731 | | | | — | | | | — | | | |||||||||||||||||||||||||||||||||
| 3/10/2023 | | | | — | | | | — | | | | — | | | | — | | | | 6,981 | | | | 324,198 | | | | — | | | | — | | | |||||||||||||||||||||||||||||||||||||
| | 3/10/2023 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 6,981(2) | | | | 324,198 | | | ||||||||||||||||||||||||||||||||||||
| 3/10/2023 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 8,209(3) | | | | 381,226 | | |
| | | | | | | | | | Vesting Schedule (#) | | | | | | | | | | | | Vesting Schedule (#) | | | ||||||||||||||||
| | Name | | | | Grant Date | | | | 2022 | | | | 2023 | | | | 2024 | | | | Name | | | | Grant Date | | | | 2024 | | | | 2025 | | | | 2026 | | |
| | Charles L. Prow | | | | 3/4/2019 | | | | 9,613 | | | | | | | | | | | | Charles L. Prow | | | | 3/4/2021 | | | | 6,005 | | | | — | | | | — | | |
| 3/5/2020 | | | | 5,969 | | | | 5,969 | | | | | | | | 3/10/2022 | | | | 11,545 | | | | 11,545 | | | | — | | | |||||||||
| 3/4/2021 | | | | 6,006 | | | | 6,005 | | | | 6,005 | | | | 3/10/2023 | | | | 14,810 | | | | 14,809 | | | | 14,809 | | | |||||||||
| | Susan D. Lynch | | | | 8/8/2019 | | | | 1,725 | | | | | | | | | | | | Shawn M. Mural | | | | 10/9/2023 | | | | 2,283 | | | | 2,283 | | | | 2,282 | | |
| 3/5/2020 | | | | 1,414 | | | | 1,413 | | | | | | | | 10/9/2023 | | | | 1,522 | | | | 1,522 | | | | 1,521 | | | |||||||||
| 3/4/2021 | | | | 1,287 | | | | 1,287 | | | | 1,287 | | | | Susan D. Lynch | | | | 3/10/2023 | | | | 3,385 | | | | 3,385 | | | | 3,385 | | | |||||
| | Susan L. Deagle | | | | 3/4/2019 | | | | 1,502 | | | | | | | | | | | | Susan L. Deagle | | | | 3/4/2021 | | | | 1,115 | | | | — | | | | — | | |
| 3/5/2020 | | | | 1,100 | | | | 1,099 | | | | | | | | 3/10/2022 | | | | 2,540 | | | | 2,540 | | | | — | | | |||||||||
| 3/4/2021 | | | | 1,116 | | | | 1,115 | | | | 1,115 | | | | 3/10/2023 | | | | 3,385 | | | | 3,385 | | | | 3,385 | | | |||||||||
| | David A. Hathaway(1) | | | | — | | | | — | | | | | | | | | | | | Kenneth W. Shreves | | | | 3/4/2021 | | | | 715 | | | | — | | | | — | | |
| — | | | | — | | | | — | | | | | | | | 3/10/2022 | | | | 1,501 | | | | 1,501 | | | | — | | | |||||||||
| — | | | | — | | | | — | | | | — | | | | 3/10/2023 | | | | 2,327 | | | | 2,327 | | | | 2,327 | | | |||||||||
| | Kevin T. Boyle | | | | 3/4/2019 | | | | 1,502 | | | | | | | | | | | | William W. Beard | | | | 7/5/2022 | | | | 58,629 | | | | — | | | | — | | |
| 3/5/2020 | | | | 943 | | | | 942 | | | | | | | | 3/10/2023 | | | | 2,327 | | | | 2,327 | | | | 2,327 | | | |||||||||
| 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 ($)(1) | | |
| | Charles L. Prow | | | | — | | | | — | | | | 23,514 | | | | 1,385,618 | | | | Charles L. Prow | | | | 23,520 | | | | 1,021,163 | | |
| | Susan D. Lynch | | | | — | | | | — | | | | 3,139 | | | | 162,536 | | | | Shawn M. Mural | | | | — | | | | — | | |
| | Susan L. Deagle | | | | — | | | | — | | | | 3,841 | | | | 226,360 | | | | Susan D. Lynch(2) | | | | 12,300 | | | | 588,443 | | |
| | David A. Hathaway | | | | 4,026 | | | | 61,000 | | | | 3,841 | | | | 226,360 | | | | Susan L. Deagle | | | | 4,754 | | | | 205,003 | | |
| | Kevin T. Boyle | | | | — | | | | — | | | | 3,893 | | | | 215,299 | | | | Kenneth W. Shreves | | | | 2,687 | | | | 115,425 | | |
| | Kenneth W. Shreves | | | | — | | | | — | | | | 4,800 | | | | 266,988 | | | | William W. Beard(3) | | | | 58,629 | | | | 2,656,769 | | |
| | Name | | | | Executive Contributions in Last FY ($) (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 ($) | | | | Aggregate Withdrawals/ Distributions in Last FY ($) | | | | Aggregate Balance at Last FYE ($)(3) | | |
| ��� | Charles L. Prow | | | | 56,554 | | | | 18,985 | | | | 3,960 | | | | — | | | | 144,168 | | | | Charles L. Prow | | | | 74,153 | | | | 23,877 | | | | 30,008 | | | | — | | | | 257,726 | | |
| | Susan D. Lynch | | | | — | | | | 5,939 | | | | 115 | | | | — | | | | 11,869 | | | | Shawn M. Mural | | | | — | | | | — | | | | — | | | | — | | | | — | | |
| | Susan L. Deagle | | | | — | | | | 4,708 | | | | 177 | | | | — | | | | 14,645 | | | | Susan D. Lynch | | | | — | | | | 3,671 | | | | 161 | | | | — | | | | 11,111 | | |
| | David A. Hathaway | | | | 12,996 | | | | 315 | | | | 1,019 | | | | — | | | | 26,249 | | | | Susan L. Deagle | | | | — | | | | 7,338 | | | | 145 | | | | — | | | | 13,693 | | |
| | Kevin T. Boyle | | | | 7,228 | | | | 4,007 | | | | 626 | | | | — | | | | 18,828 | | | | Kenneth W. Shreves | | | | — | | | | 4,338 | | | | 84 | | | | — | | | | 8,230 | | |
| | Kenneth W. Shreves | | | | — | | | | 1,617 | | | | 19 | | | | — | | | | 2,701 | | | | William W. Beard | | | | — | | | | — | | | | — | | | | — | | | | — | | |
| | Executive* | | | | Resignation (a)($) | | | | 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) | | | | — | | | | — | | | | — | | | | — | | | | 2,675,499 | | | | 5,017,688 | | |
| | 2022 – 2024 TSR Award(2) | | | | 1,039,000 | | | | — | | | | 1,039,000 | | | | 1,039,000 | | | | 1,039,000 | | | | 1,039,000 | | |
| | 2023 – 2025 PSU Group 1 Award(2) | | | | 2,063,236 | | | | — | | | | 2,063,236 | | | | 2,063,236 | | | | 2,063,236 | | | | 2,063,236 | | |
| | 2023 – 2025 PSU Group 2 Award(3) | | | | — | | | | — | | | | 794,170 | | | | 794,170 | | | | — | | | | 794,170 | | |
| | Unvested RSUs(4) | | | | 3,414,408 | | | | — | | | | 3,414,408 | | | | 3,414,408 | | | | 3,414,408 | | | | 3,414,408 | | |
| | Total | | | | 6,516,644 | | | | — | | | | 7,310,814 | | | | 7,310,814 | | | | 9,192,143 | | | | 12,328,502 | | |
| | Shawn M. Mural | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Severance(1) | | | | — | | | | — | | | | — | | | | — | | | | 715,922 | | | | 2,552,942 | | |
| | 2023 – 2025 PSU Group 1 Award(2) | | | | — | | | | — | | | | 318,021 | | | | 318,021 | | | | 105,976 | | | | 318,021 | | |
| | 2023 – 2025 PSU Group 2 Award(3) | | | | — | | | | — | | | | 105,883 | | | | 105,883 | | | | — | | | | 105,883 | | |
| | Unvested RSUs(4) | | | | — | | | | — | | | | 530,020 | | | | 530,020 | | | | 29,443 | | | | 530,020 | | |
| | Total | | | | — | | | | — | | | | 953,924 | | | | 953,924 | | | | 851,341 | | | | 3,506,866 | | |
| | Susan L. Deagle | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Severance(1) | | | | — | | | | — | | | | — | | | | — | | | | 669,743 | | | | 1,859,530 | | |
| | 2022 – 2024 TSR Award(2) | | | | — | | | | — | | | | 228,580 | | | | 228,580 | | | | 137,507 | | | | 228,580 | | |
| | 2023 – 2025 PSU Group 1 Award(2) | | | | — | | | | — | | | | 471,598 | | | | 471,598 | | | | 157,199 | | | | 471,598 | | |
| | 2023 – 2025 PSU Group 2 Award(3) | | | | — | | | | — | | | | 174,707 | | | | 174,707 | | | | — | | | | 174,707 | | |
| | Unvested RSUs(4) | | | | — | | | | — | | | | 759,294 | | | | 759,294 | | | | 245,203 | | | | 759,294 | | |
| | Total | | | | — | | | | — | | | | 1,634,179 | | | | 1,634,179 | | | | 1,209,652 | | | | 3,493,709 | | |
| | Kenneth W. Shreves | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Severance(1) | | | | — | | | | — | | | | — | | | | — | | | | 563,067 | | | | 1,114,435 | | |
| | 2022 – 2024 TSR Award(2) | | | | 135,070 | | | | — | | | | 135,070 | | | | 135,070 | | | | 135,070 | | | | 135,070 | | |
| | 2023 – 2025 PSU Group 1 Award(2) | | | | 324,198 | | | | — | | | | 324,198 | | | | 324,198 | | | | 324,198 | | | | 324,198 | | |
| | 2023 – 2025 PSU Group 2 Award(3) | | | | — | | | | — | | | | 103,236 | | | | 103,236 | | | | — | | | | 103,236 | | |
| | Unvested RSUs(4) | | | | 496,815 | | | | — | | | | 496,815 | | | | 496,815 | | | | 496,815 | | | | 496,815 | | |
| | Total | | | | 956,083 | | | | — | | | | 1,059,319 | | | | 1,059,319 | | | | 1,519,150 | | | | 2,173,754 | | |
| | 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)($) | | |
| | William W. Beard | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Severance(1) | | | | — | | | | — | | | | — | | | | 0 | | | | 450,449 | | | | 1,114,435 | | |
| | 2023 – 2025 PSU Group 1 Award(2) | | | | — | | | | — | | | | 324,198 | | | | 324,198 | | | | 108,066 | | | | 324,198 | | |
| | 2023 – 2025 PSU Group 2 Award(3) | | | | — | | | | — | | | | 127,060 | | | | 127,060 | | | | — | | | | 127,060 | | |
| | Unvested RSUs(4) | | | | — | | | | — | | | | 3,046,928 | | | | 3,046,928 | | | | 2,803,769 | | | | 3,046,928 | | |
| | Total | | | | — | | | | — | | | | 3,498,186 | | | | 3,498,186 | | | | 3,362,284 | | | | 4,612,621 | | |
| Median Employee Total Annual Compensation: | | | $75,448 | | | | |
| CEO Total Annual Compensation: | | | $7,555,625 | | | | |
| Ratio of CEO Pay to Median Employee Compensation: | | | 100.1 to 1.0 | | | | |
| | Fiscal Year(1) | | | | Summary Compensation Table Total for CEO ($)(2) | | | | Compensation Actually Paid to 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 $100 Investment Based on: | | | | GAAP Net (Loss) Income ($)(8) | | | | Adjusted EBITDA ($)(9) | | | ||||
| Company Total Shareholder Return ($)(6) | | | | Peer Group Total Shareholder Return ($)(7) | | | |||||||||||||||||||||||||||||
| | 2023 | | | | 7,555,625 | | | | 7,471,120 | | | | 2,174,613 | | | | 2,015,800 | | | | 90.60 | | | | 125.44 | | | | (22,573,000) | | | | 293,857,000 | | |
| | 2022 | | | | 4,619,679 | | | | 4,505,434 | | | | 6,866,764 | | | | 8,171,106 | | | | 80.55 | | | | 101.87 | | | | (14,330,000) | | | | 204,994,000 | | |
| | 2021 | | | | 4,083,541 | | | | 3,185,883 | | | | 1,049,196 | | | | 854,711 | | | | 89.29 | | | | 107.72 | | | | 45,728,000 | | | | 83,089,000 | | |
| | 2020 | | | | 3,441,257 | | | | 3,301,633 | | | | 1,011,132 | | | | 993,030 | | | | 97.00 | | | | 105.62 | | | | 36,951,000 | | | | 56,313,000 | | |
| | Fiscal Year | | | | Salary ($) | | | | Non-Equity Incentive Compensation ($) | | | | Other Compensation ($)(1) | | | | SCT Total ($) | | | | Deductions from SCT Total ($)(2) | | | | Additions to SCT Total ($)(3) | | | | CAP ($) | | |
| | 2023 | | | | 926,919 | | | | 1,303,115 | | | | 40,120 | | | | 7,555,625 | | | | (5,285,471) | | | | 5,200,966 | | | | 7,471,120 | | |
| | 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 ($) | | | | Non-Equity Incentive Compensation ($) | | | | Other Compensation ($)(1) | | | | SCT Total ($) | | | | Deductions from SCT Total ($)(2) | | | | Additions to SCT Total ($)(3) | | | | CAP ($) | | |
| | 2023 | | | | 401,104 | | | | 281,217 | | | | 403,761 | | | | 2,174,613 | | | | (1,088,531) | | | | 929,718 | | | | 2,015,800 | | |
| | 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 | | |
| | Total Revenue | | |
| | New Business Wins | | |
| | Adjusted EBITDA | | |
| | Days Sales Outstanding | | |
| | Individual Strategic Achievements | | |