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| INFORMATION ABOUT THE ANNUAL MEETING | |
| Information About this Proxy Statement | |
| Information About Voting | |
| Quorum; Required Votes; Abstentions and Broker Non-Votes | |
| PROPOSAL 1 ELECTION OF DIRECTORS | |
| | | Age: Director Since: | |
| | | Michael J. Dubose Age: Director since: 2020 Mr. Dubose | |
| | | David A. Dunbar Age: Director since: 2017 Mr. Dunbar has served as Lead Independent Director of our Board of Directors since July 2023. Mr. Dunbar has served as President, Chief Executive Officer and a member of the board of directors of Standex International Corporation since January 2014, and as Chairperson since October 2016. Standex is a global, multi-industry manufacturer comprised of five business segments of Electronics, Engraving, Scientific, Engineering Technologies and Specialty Solutions. Mr. Dunbar previously served as President of the valves and controls global business unit of Pentair, Inc. from October 2009 to December 2013. The unit was initially owned by Tyco Flow Control, and Tyco Flow Control and Pentair merged in 2012. Prior to his tenure at Pentair, Mr. Dunbar held a number of senior positions at Emerson Electric Co., including President of each of the following: Emerson Process Management Europe; Machinery Health Management; and Emerson Climate Technologies Refrigeration. | |
| | | Louise K. Goeser Age: Director since: 2018 Ms. Goeser served as President and Chief Executive Officer of Grupo Siemens S.A. de C.V. from March 2009 until her retirement in May 2018. In this position, Ms. Goeser was responsible for Siemens Mesoamérica, which is the Mexican, Central American and Caribbean unit of multinational Siemens AG, a global engineering company operating in the industrial, energy and healthcare sectors. Ms. Goeser previously served as President and Chief Executive Officer of Ford of Mexico from January 2005 to November 2008. Prior to this position, she served as Vice President, Global Quality for Ford Motor Company from 1999 to 2005. Prior to 1999, Ms. Goeser served as General Manager, Refrigeration and Vice President, Corporate Quality at Whirlpool Corporation and held various leadership positions with Westinghouse Electric Corporation. Ms. Goeser has served as a member of the board of directors of MSC Industrial Direct Co., Inc. since December 2009. MSC is a North American distributor of metal working and maintenance, repair, and operations products and services. Ms. Goeser previously served as a member of the boards of directors of Talen Energy from June 2015 to December 2016, PPL Corporation from March 2003 to June 2015, and Witco Corporation from 1997 to 1999. | |
| | | Age: Director since: Mr. | |
| | | Joseph T. Noonan Age: Director since: 2013 Mr. Noonan is currently an angel investor and advisor to consumer, software and technology-enabled companies. Mr. Noonan previously served as Founder and Chief Executive Officer of Linger Home, Inc., a direct-to-consumer home textile brand, from August 2018 to January 2020. From November 2013 to January 2018, Mr. Noonan served as Chief Executive Officer of Homespun Design, Inc., an online marketplace for American-made furniture and home accents. Mr. Noonan previously worked as an independent digital strategy consultant from November 2012 to November 2013. Mr. Noonan was employed by Wayfair LLC from April 2008 to November 2012. During his time at Wayfair, Mr. Noonan served as Senior Director of Wayfair International from June 2011 to November 2012, Director of Category Management and Merchandising from February 2009 to June 2011 and Manager of Wayfair’s Business-to-Business Division from April 2008 to February 2009. Wayfair is an online retailer of home furnishings, décor and home improvement products. Prior to joining Wayfair, Mr. Noonan worked as a venture capitalist at Polaris Partners and as an investment banker at Cowen & Company. | |
| | | Robert J. Pagano, Jr. Age: Director since: 2014 Mr. Pagano has served as Chief Executive Officer and President of our Company since May 2014 and as Chairperson of our Board of Directors since February 2022. He also served as interim Chief Financial Officer from October 2014 to April 2015 and from April 2018 to July 2018. Mr. Pagano previously served as Senior Vice President of ITT Corporation and President, ITT Industrial Process from April 2009 to May 2014. Mr. Pagano originally joined ITT in 1997 and served in several additional management roles during his career at ITT, including as Vice President Finance, Corporate Controller, and President of Industrial Products. ITT Corporation is a diversified manufacturer of highly engineered critical components and customized technology solutions for the energy, transportation and industrial markets. Prior to joining ITT, Mr. Pagano worked at KPMG LLP. Mr. Pagano is a Certified Public Accountant. Mr. Pagano has also served as a member of the board of directors of Applied Industrial Technologies, Inc. since August 2017. Applied Industrial Technologies is a distributor of bearings, power transmission products, fluid power components and other industrial supplies and provides engineering, design and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber and fluid power shop services. Mr. Pagano has also served on the board of directors of The Water Council since October 2021. The Water Council is a non-profit organization focused on water research, education and economic development to solve critical water challenges by driving innovation in freshwater technology and advancing water stewardship. | |
| | | Merilee Raines Age: Director since: 2011 Ms. Raines served as Chief Financial Officer of IDEXX Laboratories, Inc. from October 2003 until her retirement in May 2013. Ms. Raines also served as Executive Vice President of IDEXX from July 2012 until her retirement in May 2013. Prior to becoming Chief Financial Officer, Ms. Raines held several management positions with IDEXX, including Corporate Vice President of Finance, Vice President of Finance and Treasurer, Director of Finance, and Controller. IDEXX Laboratories develops, manufactures and distributes products and provides services primarily for the companion animal veterinary, livestock and poultry, dairy and water testing industries. | |
| | | Joseph W. Reitmeier Age: Director since: 2016 Mr. Reitmeier has served as Executive Vice President | |
| Annual cash retainer: | | | | $ | 85,000 | | |
| Additional annual cash retainer for the Lead Independent Director: | | | | $ | 25,000 | | |
| Additional annual cash retainer for the Chairperson of the Audit Committee: | | | | $ | 20,000 | | |
| Additional annual cash retainer for the Chairperson of the Compensation Committee: | | | | $ | 15,000 | | |
| Additional annual cash retainer for the Chairperson of the Governance and Sustainability Committee: | | | | $ | 12,500 | | |
| Value of annual grant of class A common stock: | | | | $ | 130,000 | | |
| Name | | Fees Earned or Paid in Cash ($) | | Stock Awards ($)(1) | | Total ($) | | Name | | Fees Earned or Paid in Cash ($) | | Stock Awards ($)(1) | | Total ($) | | ||||||||||||||||||||||||
| Christopher L. Conway | | | | 95,000 | | | | | 141,835 | | | | | 236,835 | | | Christopher L. Conway | | | | 100,000 | | | | | 132,996 | | | | | 232,996 | | | ||||||
| Michael J. Dubose | | | | 80,000 | | | | | 141,835 | | | | | 221,835 | | | Michael J. Dubose | | | | 85,000 | | | | | 132,996 | | | | | 217,996 | | | ||||||
| David A. Dunbar | | | | 80,000 | | | | | 141,835 | | | | | 221,835 | | | David A. Dunbar | | | | 91,250 | | | | | 132,996 | | | | | 224,246 | | | ||||||
| Louise K. Goeser | | | | 80,000 | | | | | 141,835 | | | | | 221,835 | | | Louise K. Goeser | | | | 85,000 | | | | | 132,996 | | | | | 217,996 | | | ||||||
| W. Craig Kissel | | | | 133,750 | | | | | 141,835 | | | | | 275,585 | | | W. Craig Kissel | | | | 116,250 | | | | | 132,996 | | | | | 249,246 | | | ||||||
| Joseph T. Noonan | | | | 80,000 | | | | | 141,835 | | | | | 221,835 | | | Joseph T. Noonan | | | | 85,000 | | | | | 132,996 | | | | | 217,996 | | | ||||||
| Merilee Raines | | | | 100,000 | | | | | 141,835 | | | | | 241,835 | | | Merilee Raines | | | | 105,000 | | | | | 132,996 | | | | | 237,996 | | | ||||||
| Joseph W. Reitmeier | | | | 80,000 | | | | | 141,835 | | | | | 221,835 | | | Joseph W. Reitmeier | | | | 85,000 | | | | | 132,996 | | | | | 217,996 | | |
| CORPORATE GOVERNANCE | |
| Sustainability Leadership | | | | |
| Sustainability Strategy | | | | |
| Environmental Stewardship | | | We have made substantial progress in | |
| Social Responsibility | | | We are committed to creating both economic and social value and we strive to have a positive impact on our global community. During | |
| Governance, Business Ethics & Compliance | | | We believe that good corporate governance and an environment of high ethical standards are important for us to achieve business success and to create value for our stockholders. Our Board is committed to high governance standards and continually works to improve them. We periodically review our corporate governance policies and practices and compare them to those suggested by various authorities on corporate governance and employed by other public companies and consider changes to our corporate governance policies and practices in light of such guidance and interpretations. We have adopted a Code of Business Conduct applicable to all officers, employees and Board members worldwide that serves as the foundation for our ethics and compliance program, and drives policy development, training initiatives, and reinforcement of our values throughout the global organization. | |
| Human Capital | | | Employee safety is one of our highest priorities and we strive for zero hazards and zero injuries by educating and training employees on safety best practices through awareness campaigns and related safety initiatives. In 2023, we reduced both our total recordable incident rate and lost time incident rate to record low rates. We are also committed to promoting an inclusive | |
| Recognition | | | In | |
| Audit Committee The Board has made a determination that each of the members of the Audit Committee satisfies the independence requirements of the NYSE relating to service on an audit committee as well as Rule 10A-3 under the Securities Exchange Act of 1934, as amended, or the Exchange Act. In addition, the Board has determined that each of Ms. Raines and Messrs. Dunbar and Reitmeier is an “audit committee financial expert,” as defined by SEC rules. Our Audit Committee assists the Board in, among other things, its oversight of: ➤ the integrity of our consolidated financial statements; ➤ our compliance with legal and regulatory requirements; ➤ the qualifications, independence and performance of our independent registered public accounting firm; ➤ the performance of our internal audit function; and ➤ the effectiveness of our internal control over financial reporting. The Audit Committee’s responsibilities also include: ➤ the appointment and evaluation of our independent registered public accounting firm; ➤ the review of management’s assessment and management of risk; ➤ the review of management’s approach to cybersecurity and information security ➤ the review of the annual independent audit of our consolidated financial statements; ➤ the review of our Code of Business Conduct; ➤ the establishment and oversight of “whistle-blowing” procedures; and ➤ the oversight of other compliance matters. The Audit Committee holds one regularly scheduled meeting each quarter and schedules additional meetings as often as necessary in order to perform its duties and responsibilities. During | | | COMMITTEE MEMBERS Merilee Raines, Chairperson Rebecca J. Boll David A. Dunbar Joseph W. Reitmeier | |
| Governance and Sustainability Committee The Governance and Sustainability Committee is primarily responsible for: ➤ overseeing the Company’s overall approach to sustainability and corporate citizenship; ➤ identifying individuals qualified to become Board members, consistent with criteria approved by the Board, and recommending that the Board select the director nominees for election at each annual meeting of stockholders; ➤ periodically reviewing our Corporate Governance Guidelines and recommending any changes thereto, overseeing the evaluation of the Board, and approving related person transactions; and ➤ The Governance and Sustainability Committee holds one regularly scheduled meeting each quarter and schedules additional meetings as often as necessary to perform its duties and responsibilities. During | | | COMMITTEE MEMBERS W. Craig Kissel, Chairperson Rebecca J. Boll Christopher L. Conway Michael J. Dubose David A. Dunbar Louise K. Goeser Kenneth Napolitano Merilee Raines Joseph W. Reitmeier | |
| Compensation Committee Our Compensation Committee is responsible for shaping the principles, strategies and compensation philosophy that guide the design and implementation of our employee compensation programs and arrangements. Its primary responsibilities are to: ➤ evaluate the performance of our Chief Executive Officer and, either as a committee or together with the independent members of our Board of Directors, determine the compensation of our Chief Executive Officer; ➤ review and approve, or recommend to the Board, the compensation of our other executive officers; ➤ approve annual performance bonus targets and objectives and the annual bonus amounts paid to our executive officers under our Executive Officer Incentive Bonus Plan; ➤ administer our stock incentive plans and approve all stock awards granted to our executive officers under our 2004 Stock Incentive Plan and the participants in our Management Stock Purchase Plan; ➤ review and submit recommendations to our Board of Directors on compensation for non-employee directors; and ➤ review and discuss with management the Compensation Discussion and Analysis to be included in the proxy statement. | | | COMMITTEE MEMBERS Christopher L. Conway, Chairperson Michael J. Dubose Louise K. Goeser W. Craig Kissel | |
| Director Experiences, Qualifications, Attributes & Skills | | | | | Michael J. Dubose | | | David A. Dunbar | | | Louise K. Goeser | | | | | Joseph T. Noonan | | | Robert J. Pagano, Jr. | | | Merilee Raines | | | Joseph W. Reitmeier | | ||
| Operational Experience developing and implementing operating plans and business strategy | | | ✓ | | | ✓ | | | ✓ | | | ✓ | | | ✓ | | | ✓ | | | ✓ | | | ✓ | | | ✓ | |
| Industry Background Experience in industries, end-markets and growth segments that Watts serves, such as fluid solutions, water quality and conditioning, and heating and hot water solutions | | | | | ✓ | | | | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | |
| Finance/Capital Allocation Knowledge of finance or financial reporting; experience with debt and capital market transactions | | | ✓ | | | ✓ | | | ✓ | | | ✓ | | | | | ✓ | | | ✓ | | | ✓ | | | ✓ | | |
| Mergers & Acquisitions Experience managing, negotiating and integrating mergers with or acquisitions of other companies | | | ✓ | | | ✓ | | | ✓ | | | ✓ | | | | | ✓ | | | ✓ | | | ✓ | | | ✓ | | |
| Supply Chain/Logistics Experience in supply chain management encompassing the planning and management of all activities involved in sourcing and procurement | | | | | ✓ | | | ✓ | | | ✓ | | | | | | | | ✓ | | | | | | ✓ | | ||
| Digital/eCommerce Experience implementing digital strategies and/or operating an eCommerce business | | | ✓ | | | ✓ | | | ✓ | | | ✓ | | | | | ✓ | | | ✓ | | | | | | ✓ | | |
| Marketing/Sales & Brand Management Experience managing a marketing/sales function and in increasing the perceived value of a product line or brand over time in the market | | | ✓ | | | ✓ | | | ✓ | | | ✓ | | | ✓ | | | | | | ✓ | | | | | | ✓ | |
| Human Resources/Executive Compensation Experience with the recruitment, retention and development of key talent; experience with executive compensation and broad-based incentive planning | | | ✓ | | | ✓ | | | ✓ | | | ✓ | | | | | | | | ✓ | | | | | | ✓ | | |
| Senior Leadership Experience Experience serving as the chief executive officer or a senior executive of a large and complex organization | | | ✓ | | | ✓ | | | ✓ | | | ✓ | | | ✓ | | | | | | ✓ | | | ✓ | | | ✓ | |
| Corporate Governance/Public Company Experience Experience serving as a director of another public | | | ✓ | | | | | | ✓ | | | ✓ | | | ✓ | | | | | | ✓ | | | ✓ | | | ✓ | |
| International Experience Significant exposure to markets and economies outside of the United States, particularly in high growth regions | | | ✓ | | | ✓ | | | ✓ | | | ✓ | | | ✓ | | | ✓ | | | ✓ | | | ✓ | | | ✓ | |
| Risk Assessment & Risk Management Experience overseeing complex risk management matters | | | ✓ | | | | | | ✓ | | | ✓ | | | | | | | | ✓ | | | ✓ | | | ✓ | | |
| Technology/ Experience implementing technology strategies and managing/mitigating | | | ✓ | | | | | | ✓ | | | ✓ | | | | | | | | ✓ | | | | | | ✓ | | |
| Government, Regulatory, Public Policy Experience managing complex regulatory matters that are integral to the operations of a business | | | ✓ | | | | | | ✓ | | | ✓ | | | | | | | | ✓ | | | | | | ✓ | | |
| Business Ethics/Environmental, Social and Governance (ESG) Experience in ESG matters, social responsibility, sustainability and philanthropy | | | ✓ | | | ✓ | | | ✓ | | | ✓ | | | ✓ | | | | | | ✓ | | | | | | ✓ | |
| | | | | | Michael J. Dubose | | | David A. Dunbar | | | Louise K. Goeser | | | | | Joseph T. Noonan | | | Robert J. Pagano, Jr. | | | Merilee Raines | | | Joseph W. Reitmeier | | ||
| Race/Ethnicity | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| African American/Black | | | | | | ✓ | | | | | | | | | | | | | | | | | | | | | | |
| Asian/Pacific Islander | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| White/Caucasian | | | ✓ | | | | | | ✓ | | | ✓ | | | ✓ | | | ✓ | | | ✓ | | | ✓ | | | ✓ | |
| Hispanic/Latino | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Native American | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Gender | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Male | | | | | ✓ | | | ✓ | | | | | | ✓ | | | ✓ | | | ✓ | | | | | | ✓ | | |
| Female | | | | | | | | | | | ✓ | | | | | | | | | | | | ✓ | | | | |
| PRINCIPAL STOCKHOLDERS | |
| Name of Beneficial Owner(1) | | Number | | | Shares Beneficially Owned(2) | | | Percent of Voting Power | | Name of Beneficial Owner(1) | | Number | | | Shares Beneficially Owned(2) | | | Percent of Voting Power | | ||||||||||||||||||||||||||||||||
| Percent of Class A Common Stock | | Percent of Class B Common Stock | | | Percent of Class A Common Stock | | Percent of Class B Common Stock | | |||||||||||||||||||||||||||||||||||||||||||
| 5% Stockholders | | | | | | | | | | | | | | | | | | | | | | 5% Stockholders | | | | | | | | | | | | | | | | | | | | | | ||||||||
| Timothy P. Horne | | | | 5,988,290(3)(4) | | | | | 18.0 | | | | | 99.7 | | | | | 68.3 | | | Timothy P. Horne | | | | 5,943,290(3)(4) | | | | | 17.8 | | | | | 99.7 | | | | | 68.3 | | | ||||||||
| Walter J. Flowers | | | | 1,803,710(5) | | | | | 6.2 | | | | | 30.3 | | | | | 0 | | | Walter J. Flowers | | | | 1,803,710(5) | | | | | 6.2 | | | | | 30.3 | | | | | 0 | | | ||||||||
| Daniel W. Horne | | | | 1,666,970(6) | | | | | 5.7 | | | | | 28.0 | | | | ��� | 0 | | | Daniel W. Horne | | | | 1,666,970(6) | | | | | 5.7 | | | | | 28.0 | | | | | 0 | | | ||||||||
| Deborah Horne | | | | 1,666,970(6) | | | | | 5.7 | | | | | 28.0 | | | | | 0 | | | Deborah Horne | | | | 1,666,970(6) | | | | | 5.7 | | | | | 28.0 | | | | | 0 | | | ||||||||
| Peter W. Horne | | | | 1,529,770(7) | | | | | 5.3 | | | | | 25.4 | | | | | * | | | Peter W. Horne | | | | 1,529,770(7) | | | | | 5.3 | | | | | 25.4 | | | | | * | | | ||||||||
| BlackRock, Inc. | | | | 4,286,847(8) | | | | | 15.7 | | | | | 0 | | | | | 4.9 | | | BlackRock, Inc. | | | | 3,826,722(8) | | | | | 14.0 | | | | | 0 | | | | | 4.4 | | | ||||||||
| The Vanguard Group | | | | 2,967,785(9) | | | | | 10.8 | | | | | 0 | | | | | 3.4 | | | The Vanguard Group | | | | 3,182,625(9) | | | | | 11.6 | | | | | 0 | | | | | 3.7 | | | ||||||||
| Kayne Anderson Rudnick Investment Management LLC | | | | 2,091,713(10) | | | | | 7.6 | | | | | 0 | | | | | 2.4 | | | Kayne Anderson Rudnick Investment Management LLC | | | | 2,007,563(10) | | | | | 7.3 | | | | | 0 | | | | | 2.3 | | | ||||||||
| Impax Asset Management Group plc | | | | 1,699,428(11) | | | | | 6.2 | | | | | 0 | | | | | 2.0 | | | Impax Asset Management Group plc | | | | 1,408,170(11) | | | | | 5.1 | | | | | 0 | | | | | 1.6 | | | ||||||||
| Directors and Executive Officers | | | | | | | | | | | | | | | | | | | | | | Directors and Executive Officers | | | | | | | | | | | | | | | | | | | | | | ||||||||
| Christopher L. Conway | | | | 11,043(12) | | | | | * | | | | | 0 | | | | | * | | | Rebecca J. Boll | | | | 326 | | | | | * | | | | | 0 | | | | | * | | | ||||||||
| Andre Dhawan | | | | 2,608 | | | | | * | | | | | 0 | | | | | * | | | Christopher L. Conway | | | | 11,756(12) | | | | | * | | | | | 0 | | | | | * | | | ||||||||
| Michael J. Dubose | | | | 2,008 | | | | | * | | | | | 0 | | | | | * | | | Andre Dhawan | | | | 4,259(13) | | | | | * | | | | | 0 | | | | | * | | | ||||||||
| David A. Dunbar | | | | 7,893 | | | | | * | | | | | 0 | | | | | * | | | Michael J. Dubose | | | | 2,392 | | | | | * | | | | | 0 | | | | | * | | | ||||||||
| Louise K. Goeser | | | | 6,281(13) | | | | | * | | | | | 0 | | | | | * | | | David A. Dunbar | | | | 8,606 | | | | | * | | | | | 0 | | | | | * | | | ||||||||
| W. Craig Kissel | | | | 18,102 | | | | | * | | | | | 0 | | | | | * | | | Louise K. Goeser | | | | 6,994(14) | | | | | * | | | | | 0 | | | | | * | | | ||||||||
| Kenneth R. Lepage | | | | 18,938(14) | | | | | * | | | | | 0 | | | | | * | | | W. Craig Kissel | | | | 18,815 | | | | | * | | | | | 0 | | | | | * | | | ||||||||
| Elie A. Melhem | | | | 11,358(15) | | | | | * | | | | | 0 | | | | | * | | | Kenneth R. Lepage | | | | 10,011(15) | | | | | * | | | | | 0 | | | | | * | | | ||||||||
| Joseph T. Noonan | | | | 24,478(16) | | | | | * | | | | | * | | | | | * | | | Elie A. Melhem | | | | 7,611(16) | | | | | * | | | | | 0 | | | | | * | | | ||||||||
| Robert J. Pagano, Jr. | | | | 149,472(17) | | | | | * | | | | | 0 | | | | | * | | | Kenneth Napolitano | | | | 0(17) | | | | | * | | | | | 0 | | | | | * | | | ||||||||
| Shashank Patel | | | | 16,980(18) | | | | | * | | | | | 0 | | | | | * | | | Joseph T. Noonan | | | | 21,342(18) | | | | | * | | | | | * | | | | | * | | | ||||||||
| Merilee Raines | | | | 19,307(19) | | | | | * | | | | | 0 | | | | | * | | | Robert J. Pagano, Jr. | | | | 158,845(19) | | | | | * | | | | | 0 | | | | | * | | | ||||||||
| Joseph W. Reitmeier | | | | 9,781(20) | | | | | * | | | | | 0 | | | | | * | | | Shashank Patel | | | | 19,256(20) | | | | | * | | | | | 0 | | | | | * | | | ||||||||
| All current executive officers and directors (14 persons) | | | | 300,219(21) | | | | | 1.1 | | | | | * | | | | | * | | | Merilee Raines | | | | 20,020(21) | | | | | * | | | | | 0 | | | | | * | | | ||||||||
| Joseph W. Reitmeier | | | | 10,494(22) | | | | | * | | | | | 0 | | | | | * | | | ||||||||||||||||||||||||||||||
| All current executive officers and directors (14 persons) | | | | 303,634(23) | | | | | 1.1 | | | | | * | | | | | * | | |
| COMPENSATION DISCUSSION AND ANALYSIS | |
| Robert J. Pagano, Jr. | | | Chief Executive Officer, President & Chairperson of the Board | |
| Shashank Patel | | | Chief Financial Officer | |
| Andre Dhawan | | | Chief Operating Officer | |
| Elie A. Melhem | | | President, Asia-Pacific, the Middle East & Africa | |
| Kenneth R. Lepage | | | General Counsel, Chief Sustainability Officer & Secretary | |
| | Key Results for | | |
| | • Sales of • • Earnings Per Share of • Operating Margin of | | |
| | | |
| Barnes Group Inc. Chart Industries, Inc. Crane Co. | | | Graco Inc. ITT Corporation | | | Mueller Industries, Inc. Nordson Corporation Pentair plc SPX Technologies, Inc. Zurn Water Solutions Corporation | |
| Named Executive Officer | | 2021 Base Salary ($) | | Salary Increase as a Percentage of Prior Base Salary | | 2022 Base Salary ($) | | Rationale for Increase | | Named Executive Officer | | 2022 Base Salary ($) | | Salary Increase as a Percentage of Prior Base Salary | | 2023 Base Salary ($) | | Rationale for Increase | | ||||||||||||||||||||||||||
| Shashank Patel | | | | 465,000 | | | | | 7.5% | | | | $ | 500,000 | | | Merit & Market Adjustment | | Robert J. Pagano, Jr. | | | | 1,009,100 | | | | | 4.0% | | | | | 1,050,000 | | | Merit | | ||||||||
| Elie A. Melhem | | | | 437,000 | | | | | 3.5% | | | | | 452,300 | | | Merit | | Shashank Patel | | | | 500,000 | | | | | 4.0% | | | | | 520,000 | | | Merit | | ||||||||
| Kenneth R. Lepage | | | | 430,000 | | | | | 3.5% | | | | | 445,000 | | | Merit | | Andre Dhawan | | | | 550,000 | | | | | 3.0% | | | | | 566,500 | | | Merit | | ||||||||
| Elie A. Melhem | | | | 452,300 | | | | | 4.0% | | | | | 470,400 | | | Merit | | |||||||||||||||||||||||||||
| Kenneth R. Lepage | | | | 445,000 | | | | | 4.0% | | | | | 462,800 | | | Merit | |
| | | Target as a Percent of Salary | | Target in Dollars | | | | Target as a Percent of Salary | | Target in Dollars | | ||||||||||||||||
| Robert J. Pagano, Jr. | | | | 110% | | | | $ | 1,110,010 | | | Robert J. Pagano, Jr. | | | | 110% | | | | $ | 1,155,000 | | | ||||
| Shashank Patel | | | | 70% | | | | $ | 350,000 | | | Shashank Patel | | | | 70% | | | | $ | 364,000 | | | ||||
| Andre Dhawan | | | | 65% | | | | $ | 135,928* | | | Andre Dhawan | | | | 65% | | | | $ | 368,225 | | | ||||
| Elie A. Melhem | | | | 55% | | | | $ | 248,765 | | | Elie A. Melhem | | | | 55% | | | | $ | 258,720 | | | ||||
| Kenneth R. Lepage | | | | 60% | | | | $ | 267,000 | | | Kenneth R. Lepage | | | | 60% | | | | $ | 277,680 | | |
| Performance Level | | | Bonus Payout as a % of Target | | |||
| Maximum | | | | | 200% | | |
| Target | | | | | 100% | | |
| Threshold | | | | | 50% | | |
| Below Threshold | | | | | 0% | | |
| Named Executive Officer | | | Consolidated Net Sales | | | Consolidated Adjusted Net Income | | | Consolidated Free Cash Flow* | | | APMEA Net Trade Sales | | | APMEA Adjusted Operating Income* | | | APMEA Free Cash Flow* | | | Individual Component | | |||||||||||||||||||||
| Robert J. Pagano, Jr. | | | | | 25% | | | | | | 40% | | | | | | 25% | | | | | | — | | | | | | — | | | | | | — | | | | | | 10% | | |
| Shashank Patel | | | | | 25% | | | | | | 40% | | | | | | 25% | | | | | | — | | | | | | — | | | | | | — | | | | | | 10% | | |
| Andre Dhawan | | | | | 25% | | | | | | 40% | | | | | | 25% | | | | | | — | | | | | | — | | | | | | — | | | | | | 10% | | |
| Elie A. Melhem | | | | | 6% | | | | | | 12% | | | | | | 9% | | | | | | 19% | | | | | | 28% | | | | | | 16% | | | | | | 10% | | |
| Kenneth R. Lepage | | | | | 25% | | | | | | 40% | | | | | | 25% | | | | | | — | | | | | | — | | | | | | — | | | | | | 10% | | |
| Financial Performance Measures | | | Financial Performance Targets (in millions) | | | 2022 Actual Results (in millions) | | % of Bonus Objective Achieved* | | Financial Performance Measures | | | Financial Performance Targets (in millions) | | | 2023 Actual Results (in millions) | | % of Bonus Objective Achieved* | | ||||||||||||||||||||||||||||||||||||||||||||
| Threshold (50%) | | Target (100%) | | Maximum (200%) | | | Threshold (50%) | | Target (100%) | | Maximum (200%) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Consolidated Net Sales | | | $ | 1,590 | | | | $ | 1,871 | | | | $ | 2,152 | | | | $ | 1,980 | | | | | 156% | | | Consolidated Net Sales | | | $ | 1,650 | | | | $ | 1,941 | | | | $ | 2,232 | | | | $ | 1,998 | | | | | 120% | | | ||||||||||
| Consolidated Adjusted Net Income | | | $ | 168 | | | | $ | 198 | | | | $ | 228 | | | | $ | 241 | | | | | 200% | | | Consolidated Adjusted Net Income | | | $ | 190 | | | | $ | 224 | | | | $ | 258 | | | | $ | 278 | | | | | 200% | | | ||||||||||
| Consolidated Free Cash Flow | | | $ | 148 | | | | $ | 174 | | | | $ | 209 | | | | $ | 204 | | | | | 186% | | | Consolidated Free Cash Flow | | | $ | 193 | | | | $ | 227 | | | | $ | 272 | | | | $ | 288 | | | | | 200% | | | ||||||||||
| APMEA Net Trade Sales | | | $ | 75 | | | | $ | 89 | | | | $ | 102 | | | | $ | 91 | | | | | 166% | | | APMEA Net Trade Sales | | | $ | 76 | | | | $ | 89 | | | | $ | 102 | | | | $ | 91 | | | | | 114% | | | ||||||||||
| APMEA Adjusted Operating Income | | | $ | 11 | | | | $ | 13 | | | | $ | 15 | | | | $ | 15 | | | | | 200% | | | APMEA Adjusted Operating Income | | | $ | 12 | | | | $ | 14 | | | | $ | 16 | | | | $ | 20 | | | | | 200% | | | ||||||||||
| APMEA Free Cash Flow | | | $ | 7 | | | | $ | 8 | | | | $ | 10 | | | | $ | 10 | | | | | 200% | | | APMEA Free Cash Flow | | | $ | 7 | | | | $ | 8 | | | | $ | 10 | | | | $ | 20 | | | | | 200% | | |
| Named Executive Officer | | Financial Performance Measure | | Weighting | | 2022 Achievement | | Weighted 2022 Achievement | | Named Executive Officer | | Financial Performance Measure | | Weighting | | 2023 Achievement | | Weighted 2023 Achievement | | ||||||||||||||||||||||||||
| Robert J. Pagano, Jr. | | Consolidated Net Sales | | | | 25% | | | | | 156% | | | | | 39% | | | Robert J. Pagano, Jr. | | Consolidated Net Sales | | | | 25% | | | | | 119.5% | | | | | 29.9% | | | ||||||||
| Shashank Patel | | Consolidated Adjusted Net Income | | | | 40% | | | | | 200% | | | | | 80% | | | Shashank Patel | | Consolidated Adjusted Net Income | | | | 40% | | | | | 200.0% | | | | | 80.0% | | | ||||||||
| Kenneth R. Lepage | | Consolidated Free Cash Flow | | | | 25% | | | | | 186% | | | | | 46% | | | Kenneth R. Lepage | | Consolidated Free Cash Flow | | | | 25% | | | | | 200.0% | | | | | 50.0% | | | ||||||||
| Andre Dhawan | | | | | | | | | | | | | | | | | | | Andre Dhawan | | | | | | | | | | | | | | | | | | | ||||||||
| | | | | | | 90% | | | | | | | | | | 165% | | | | | | | | | 90% | | | | | | | | | | 159.9% | | | ||||||||
| Elie A. Melhem | | Consolidated Net Sales | | | | 6% | | | | | 156% | | | | | 9% | | | Elie A. Melhem | | Consolidated Net Sales | | | | 6% | | | | | 119.5% | | | | | 7.2% | | | ||||||||
| | | Consolidated Adjusted Net Income | | | | 12% | | | | | 200% | | | | | 24% | | | | | Consolidated Adjusted Net Income | | | | 12% | | | | | 200.0% | | | | | 24.0% | | | ||||||||
| | | Consolidated Free Cash Flow | | | | 9% | | | | | 186% | | | | | 17% | | | | | Consolidated Free Cash Flow | | | | 9% | | | | | 200.0% | | | | | 18.0% | | | ||||||||
| | | APMEA Net Trade Sales | | | | 19% | | | | | 166% | | | | | 32% | | | | | APMEA Net Trade Sales | | | | 19% | | | | | 114.2% | | | | | 21.7% | | | ||||||||
| | | APMEA Adjusted Operating Income | | | | 28% | | | | | 200% | | | | | 56% | | | | | APMEA Adjusted Operating Income | | | | 28% | | | | | 200.0% | | | | | 56.0% | | | ||||||||
| | | APMEA Free Cash Flow | | | | 16% | | | | | 200% | | | | | 32% | | | | | APMEA Free Cash Flow | | | | 16% | | | | | 200.0% | | | | | 32.0% | | | ||||||||
| | | | | | | 90% | | | | | | | | | | 170% | | | | | | | | | 90% | | | | | | | | | | 158.9% | | |
| Named Executive Officer | | 2022 Target Bonus Awards as a Percentage of Base Salary | | 2022 Target Bonus Awards | | Financial Performance Measures Achievement (A) | | Individual Performance Measures Achievement (B) | | 2022 Bonus Awards as a Percentage of Target (A+B) | | 2022 Actual Bonus Awards | | Named Executive Officer | | 2023 Target Bonus Awards as a Percentage of Base Salary | | 2023 Target Bonus Awards | | Financial Performance Measures Achievement (A) | | Individual Performance Measures Achievement (B) | | 2023 Bonus Awards as a Percentage of Target (A+B) | | 2023 Actual Bonus Awards* | | ||||||||||||||||||||||||||||||||||||||||||||||||
| Robert J. Pagano, Jr. | | | | 110% | | | | $ | 1,110,010 | | | | | 165% | | | | | 17% | | | | | 182% | | | | $ | 2,024,660 | | | Robert J. Pagano, Jr. | | | | 110% | | | | $ | 1,155,000 | | | | | 159.9% | | | | | 16% | | | | | 175.9% | | | | $ | 2,031,650 | | | ||||||||||||
| Shashank Patel | | | | 70% | | | | $ | 350,000 | | | | | 165% | | | | | 17% | | | | | 182% | | | | $ | 638,400 | | | Shashank Patel | | | | 70% | | | | $ | 364,000 | | | | | 159.9% | | | | | 16% | | | | | 175.9% | | | | $ | 640,280 | | | ||||||||||||
| Andre Dhawan* | | | | 65% | | | | $ | 135,928 | | | | | 165% | | | | | 10% | | | | | 175% | | | | $ | 238,660 | | | Andre Dhawan | | | | 65% | | | | $ | 368,225 | | | | | 159.9% | | | | | 16% | | | | | 175.9% | | | | $ | 647,710 | | | ||||||||||||
| Elie A. Melhem | | | | 55% | | | | $ | 248,765 | | | | | 170% | | | | | 13% | | | | | 182% | | | | $ | 453,750 | | | Elie A. Melhem | | | | 55% | | | | $ | 258,720 | | | | | 158.9% | | | | | 17% | | | | | 175.9% | | | | $ | 455,090 | | | ||||||||||||
| Kenneth R. Lepage | | | | 60% | | | | $ | 267,000 | | | | | 165% | | | | | 17% | | | | | 182% | | | | $ | 487,010 | | | Kenneth R. Lepage | | | | 60% | | | | $ | 277,680 | | | | | 159.9% | | | | | 16% | | | | | 175.9% | | | | $ | 488,440 | | |
| Named Executive Officer | | Performance Stock Unit Awards (Target Award) | | Deferred Stock Awards | | Total | | Named Executive Officer | | Performance Stock Unit Awards (Target Award) | | Deferred Stock Awards | | Total | | ||||||||||||||||||||||||
| Robert J. Pagano, Jr. | | | $ | 1,765,925 | | | | $ | 1,765,925 | | | | $ | 3,531,850 | | | Robert J. Pagano, Jr. | | | $ | 2,125,000 | | | | $ | 2,125,500 | | | | $ | 4,250,000 | | | ||||||
| Shashank Patel | | | $ | 375,000 | | | | $ | 375,000 | | | | $ | 750,000 | | | Shashank Patel | | | $ | 390,000 | | | | $ | 390,000 | | | | $ | 780,000 | | | ||||||
| Andre Dhawan* | | | | — | | | | | — | | | | | — | | | Andre Dhawan | | | $ | 125,000 | | | | $ | 125,000 | | | | $ | 250,000* | | | ||||||
| Elie Melhem | | | $ | 339,225 | | | | $ | 339,225 | | | | $ | 678,450 | | | Elie Melhem | | | $ | 352,800 | | | | $ | 352,800 | | | | $ | 705,600 | | | ||||||
| Kenneth R. Lepage | | | $ | 333,750 | | | | $ | 333,750 | | | | $ | 667,500 | | | Kenneth R. Lepage | | | $ | 347,100 | | | | $ | 347,100 | | | | $ | 694,200 | | |
| 3 Year Revenue CAGR | | | ROIC | | 3 Year Revenue CAGR | | | ROIC | | ||||||||||||||||||
| Below Threshold < 12.5% | | Threshold 12.5% | | Target 15.6% | | Maximum 18.7% | | | Below Threshold < 11.0% | | Threshold 11.0% | | Target 13.8% | | Maximum 16.6% | | |||||||||||
| Payout Percentage | | | Payout Percentage | | |||||||||||||||||||||||
| Below Threshold <0.8% | | | 0% | | 60% | | 75% | | 100% | | Below Threshold <-0.5% | | | 0% | | 60% | | 75% | | 100% | | ||||||
| Threshold 0.8% | | | 60% | | 60% | | 75% | | 125% | | Threshold -0.5% | | | 60% | | 60% | | 75% | | 125% | | ||||||
| Target 2.3% | | | 80% | | 80% | | 100% | | 150% | | Target 1.0% | | | 80% | | 80% | | 100% | | 150% | | ||||||
| Maximum 3.8% | | | 100% | | 100% | | 150% | | 200% | | Maximum 2.5% | | | 100% | | 100% | | 150% | | 200% | |
| COMPENSATION COMMITTEE REPORT | |
| EXECUTIVE COMPENSATION | |
| Name and Principal Position | | Year | | | | Salary ($) | | | | Bonus ($) | | | | Stock Awards ($)(1)(2) | | | | Non-Equity Incentive Plan Compensation ($)(3) | | | | All Other Compensation ($)(4) | | | | Total ($) | | Name and Principal Position | | Year | | | | Salary ($) | | | | Bonus ($) | | | | Stock Awards ($)(1)(2) | | | | Non-Equity Incentive Plan Compensation ($)(3) | | | | All Other Compensation ($)(4) | | | | Total ($) | | ||||||||||||||||||||||||||||||||||||||||||||
| Robert J. Pagano, Jr. Chief Executive Officer, President & Chairperson of the Board | | | | | 2022 | | | | | | | 1,000,575 | | | | | | | — | | | | | | | 3,972,831 | | | | | | | 2,024,660 | | | | | | | 78,429 | | | | | | | 7,076,495 | | | Robert J. Pagano, Jr. Chief Executive Officer, President & Chairperson of the Board | | | | | 2023 | | | | | | | 1,039,775 | | | | | | | — | | | | | | | 4,382,012 | | | | | | | 2,031,645 | | | | | | | 83,963 | | | | | | | 7,537,395 | | |
| | | 2021 | | | | | | | 963,900 | | | | | | | — | | | | | | | 3,887,210 | | | | | | | 2,145,000 | | | | | | | 74,575 | | | | | | | 7,070,685 | | | | | | 2022 | | | | | | | 1,000,575 | | | | | | | — | | | | | | | 3,972,831 | | | | | | | 2,024,660 | | | | | | | 78,429 | | | | | | | 7,076,495 | | | |||||
| | | 2020 | | | | | | | 833,662 | | | | | | | — | | | | | | | 3,122,231 | | | | | | | 1,298,187 | | | | | | | 74,383 | | | | | | | 5,328,463 | | | | | | 2021 | | | | | | | 963,900 | | | | | | | — | | | | | | | 3,887,210 | | | | | | | 2,145,000 | | | | | | | 74,575 | | | | | | | 7,070,685 | | | |||||
| Shashank Patel Chief Financial Officer | | | | | 2022 | | | | | | | 491,250 | | | | | | | — | | | | | | | 748,724 | | | | | | | 638,400 | | | | | | | 57,700 | | | | | | | 1,936,074 | | | Shashank Patel Chief Financial Officer | | | | | 2023 | | | | | | | 515,000 | | | | | | | — | | | | | | | 725,468 | | | | | | | 640,280 | | | | | | | 60,990 | | | | | | | 1,941,738 | | |
| | | 2021 | | | | | | | 452,750 | | | | | | | — | | | | | | | 704,594 | | | | | | | 651,000 | | | | | | | 54,606 | | | | | | | 1,862,950 | | | | | | 2022 | | | | | | | 491,250 | | | | | | | — | | | | | | | 748,724 | | | | | | | 638,400 | | | | | | | 57,700 | | | | | | | 1,936,074 | | | |||||
| | | 2020 | | | | | | | 389,999 | | | | | | | — | | | | | | | 645,801 | | | | | | | 374,450 | | | | | | | 50,955 | | | | | | | 1,461,205 | | | | | | 2021 | | | | | | | 452,750 | | | | | | | — | | | | | | | 704,594 | | | | | | | 651,000 | | | | | | | 54,606 | | | | | | | 1,862,950 | | | |||||
| Andre Dhawan Chief Operating Officer (6) | | | | 2022 | | | | | | | 208,365 | | | | | | | 175,000 | | | | | | | 1,049,936 | | | | | | | 238,660 | | | | | | | 58,006 | | | | | | | 1,729,967 | | | Andre Dhawan Chief Operating Officer | | | | | 2023 | | | | | | | 562,375 | | | | | | | — | | | | | | | 232,242 | | | | | | | 647,710 | | | | | | | 98,435 | | | | | | | 1,540,762 | | | |
| Elie A. Melhem President, Asia-Pacific, the Middle East & Africa | | | | | 2022 | | | | | | | 448,475 | | | | | | | — | | | | | | | 777,442 | | | | | | | 453,750 | | | | | | | 243,517(5) | | | | | | | 1,923,184 | | | | | | 2022 | | | | | | | 208,365 | | | | | | | 175,000 | | | | | | | 1,049,936 | | | | | | | 238,660 | | | | | | | 58,006 | | | | | | | 1,729,967 | | | ||
| | | 2021 | | | | | | | 434,000 | | | | | | | — | | | | | | | 760,710 | | | | | | | 480,700 | | | | | | | 269,932 | | | | | | | 1,945,342 | | | Elie A. Melhem President, Asia-Pacific, the Middle East & Africa | | | | | 2023 | | | | | | | 465,875 | | | | | | | — | | | | | | | 752,322 | | | | | | | 455,090 | | | | | | | 248,535(5) | | | | | | | 1,921,822 | | | |||
| | | 2020 | | | | | | | 398,527 | | | | | | | — | | | | | | | 619,511 | | | | | | | 322,996 | | | | | | | 255,130 | | | | | | | 1,596,164 | | | | | | 2022 | | | | | | | 448,475 | | | | | | | — | | | | | | | 777,442 | | | | | | | 453,750 | | | | | | | 243,517 | | | | | | | 1,923,184 | | | |||||
| Kenneth R. Lepage General Counsel, Chief Sustainability Officer & Secretary | | | | | 2022 | | | | | | | 441,250 | | | | | | | — | | | | | | | 773,864 | | | | | | | 487,010 | | | | | | | 54,734 | | | | | | | 1,756,858 | | | | | | 2021 | | | | | | | 434,000 | | | | | | | — | | | | | | | 760,710 | | | | | | | 480,700 | | | | | | | 269,932 | | | | | | | 1,945,342 | | | ||
| | | 2021 | | | | | | | 425,750 | | | | | | | — | | | | | | | 754,726 | | | | | | | 503,100 | | | | | | | 52,916 | | | | | | | 1,736,492 | | | Kenneth R. Lepage General Counsel, Chief Sustainability Officer & Secretary | | | | | 2023 | | | | | | | 458,350 | | | | | | | — | | | | | | | 748,574 | | | | | | | 488,440 | | | | | | | 57,466 | | | | | | | 1,752,830 | | | |||
| | | 2020 | | | | | | | 387,190 | | | | | | | — | | | | | | | 610,525 | | | | | | | 343,153 | | | | | | | 51,826 | | | | | | | 1,392,694 | | | | | | 2022 | | | | | | | 441,250 | | | | | | | — | | | | | | | 773,864 | | | | | | | 487,010 | | | | | | | 54,734 | | | | | | | 1,756,858 | | | |||||
| | | | 2021 | | | | | | | 425,750 | | | | | | | — | | | | | | | 754,726 | | | | | | | 503,100 | | | | | | | 52,916 | | | | | | | 1,736,492 | | |
| Expected life: | | | 3 years | |
| Expected stock price volatility: | | | | |
| Expected dividend yield: | | | 0.8% | |
| Risk-free interest rate: | | | |
| | | Grant Date Fair Value of Performance Stock Units ($) | | | | Grant Date Fair Value of Deferred Stock Awards ($) | | | | Grant Date Fair Value of Discount on Restricted Stock Units ($) | | | | Total ($) | | | | Grant Date Fair Value of Performance Stock Units ($) | | | | Grant Date Fair Value of Deferred Stock Awards ($) | | | | Grant Date Fair Value of Discount on Restricted Stock Units ($) | | | | Total ($) | | ||||||||||||||||||||||||||
| Robert J. Pagano, Jr. | | | | 1,762,999 | | | | | | | 1,762,999 | | | | | | | 446,833 | | | | | | | 3,972,831 | | | Robert J. Pagano, Jr. | | | | 1,976,499 | | | | | | | 1,976,499 | | | | | | | 429,014 | | | | | | | 4,382,012 | | | ||
| Shashank Patel | | | | 374,362 | | | | | | | 374,362 | | | | | | | — | | | | | | | 748,724 | | | Shashank Patel | | | | 362,734 | | | | | | | 362,734 | | | | | | | — | | | | | | | 725,468 | | | ||
| Andre Dhawan | | | | — | | | | | | | 1,049,936 | | | | | | | — | | | | | | | 1,049,936 | | | Andre Dhawan | | | | 116,121 | | | | | | | 116,121 | | | | | | | — | | | | | | | 232,242 | | | ||
| Elie A. Melhem | | | | 338,667 | | | | | | | 338,667 | | | | | | | 100,108 | | | | | | | 777,442 | | | Elie A. Melhem | | | | 328,110 | | | | | | | 328,110 | | | | | | | 96,102 | | | | | | | 752,322 | | | ||
| Kenneth R. Lepage | | | | 333,198 | | | | | | | 333,198 | | | | | | | 107,468 | | | | | | | 773,864 | | | Kenneth R. Lepage | | | | 322,720 | | | | | | | 322,720 | | | | | | | 103,134 | | | | | | | 748,574 | | |
| | | Target Number of Performance Stock Units | | | | Grant Date Fair Value of Target Number of Performance Stock Units ($) | | | | Maximum Number of Performance Stock Units | | | | Grant Date Fair Value of Maximum Number of Performance Stock Units ($) | | | | Target Number of Performance Stock Units | | | | Grant Date Fair Value of Target Number of Performance Stock Units ($) | | | | Maximum Number of Performance Stock Units | | | | Grant Date Fair Value of Maximum Number of Performance Stock Units ($) | | ||||||||||||||||||||||||||
| Robert J. Pagano, Jr. | | | | 12,249 | | | | | | | 1,762,999 | | | | | | | 24,498 | | | | | | | 3,525,998 | | | Robert J. Pagano, Jr. | | | | 12,102 | | | | | | | 1,976,499 | | | | | | | 24,204 | | | | | | | 3,952,988 | | | ||
| Shashank Patel | | | | 2,601 | | | | | | | 374,362 | | | | | | | 5,202 | | | | | | | 748,724 | | | Shashank Patel | | | | 2,221 | | | | | | | 362,734 | | | | | | | 4,442 | | | | | | | 725,468 | | | ||
| Andre Dhawan | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | Andre Dhawan | | | | 711 | | | | | | | 116,121 | | | | | | | 1,422 | | | | | | | 232,242 | | | ||
| Elie A. Melhem | | | | 2,353 | | | | | | | 338,667 | | | | | | | 4,706 | | | | | | | 677,334 | | | Elie A. Melhem | | | | 2,009 | | | | | | | 328,110 | | | | | | | 4,018 | | | | | | | 656,220 | | | ||
| Kenneth R. Lepage | | | | 2,315 | | | | | | | 333,198 | | | | | | | 4,630 | | | | | | | 666,396 | | | Kenneth R. Lepage | | | | 1,976 | | | | | | | 322,720 | | | | | | | 3,952 | | | | | | | 645,440 | | |
| | | Year | | | | Percentage of Annual Bonus Used to Purchase Restricted Stock Units | | | | Total Amount of Bonus | | | | Amount of Bonus Used to Purchase Restricted Stock Units | | | | Number of Restricted Stock Units Purchased | | | | Year | | | | Percentage of Annual Bonus Used to Purchase Restricted Stock Units | | | | Total Amount of Bonus | | | | Amount of Bonus Used to Purchase Restricted Stock Units | | | | Number of Restricted Stock Units Purchased | | ||||||||||||||||||||||||||||||||
| Robert J. Pagano, Jr. | | | | | 2022 | | | | | | | 50% | | | | | | $ | 2,024,660 | | | | | | $ | 1,012,328 | | | | | | | 7,771 | | | Robert J. Pagano, Jr. | | | | | 2023 | | | | | | | 50% | | | | | | $ | 2,031,645 | | | | | | $ | 1,015,780 | | | | | | | 6,223 | | |
| | | 2021 | | | | | | | 50% | | | | | | $ | 2,145,000 | | | | | | $ | 1,072,414 | | | | | | | 9,314 | | | | | | 2022 | | | | | | | 50% | | | | | | $ | 2,024,660 | | | | | | $ | 1,012,328 | | | | | | | 7,771 | | | |||||
| | | 2020 | | | | | | | 50% | | | | | | $ | 1,298,187 | | | | | | $ | 649,052 | | | | | | | 6,672 | | | | | | 2021 | | | | | | | 50% | | | | | | $ | 2,145,000 | | | | | | $ | 1,072,414 | | | | | | | 9,314 | | | |||||
| Shashank Patel | | | | | 2022 | | | | | | | — | | | | | | $ | 638,400 | | | | | | | — | | | | | | | — | | | Shashank Patel | | | | | 2023 | | | | | | | — | | | | | | $ | 640,280 | | | | | | | — | | | | | | | — | | |
| | | 2021 | | | | | | | — | | | | | | $ | 651,000 | | | | | | | — | | | | | | | — | | | | | | 2022 | | | | | | | — | | | | | | $ | 638,400 | | | | | | | — | | | | | | | — | | | |||||
| | | 2020 | | | | | | | 50% | | | | | | $ | 374,450 | | | | | | $ | 187,167 | | | | | | | 1,924 | | | | | | 2021 | | | | | | | — | | | | | | $ | 651,000 | | | | | | | — | | | | | | | — | | | |||||
| Andre Dhawan | | | | | 2022 | | | | | | | — | | | | | | $ | 238,660 | | | | | | | — | | | | | | | — | | | Andre Dhawan | | | | | 2023 | | | | | | | — | | | | | | $ | 647,710 | | | | | | | — | | | | | | | — | | |
| | | 2021 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | 2022 | | | | | | | — | | | | | | $ | 238,660 | | | | | | | — | | | | | | | — | | | |||||
| | | 2020 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | 2021 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |||||
| Elie A. Melhem | | | | | 2022 | | | | | | | 50% | | | | | | $ | 453,750 | | | | | | $ | 226,800 | | | | | | | 1,741 | | | Elie A. Melhem | | | | | 2023 | | | | | | | 50% | | | | | | $ | 455,090 | | | | | | $ | 227,543 | | | | | | | 1,394 | | |
| | | 2021 | | | | | | | 50% | | | | | | $ | 480,700 | | | | | | $ | 240,297 | | | | | | | 2,087 | | | | | | 2022 | | | | | | | 50% | | | | | | $ | 453,750 | | | | | | $ | 226,800 | | | | | | | 1,741 | | | |||||
| | | 2020 | | | | | | | 50% | | | | | | $ | 322,996 | | | | | | $ | 161,485 | | | | | | | 1,660 | | | | | | 2021 | | | | | | | 50% | | | | | | $ | 480,700 | | | | | | $ | 240,297 | | | | | | | 2,087 | | | |||||
| Kenneth R. Lepage | | | | | 2022 | | | | | | | 50% | | | | | | $ | 487,010 | | | | | | $ | 243,475 | | | | | | | 1,869 | | | Kenneth R. Lepage | | | | | 2023 | | | | | | | 50% | | | | | | $ | 488,440 | | | | | | $ | 244,192 | | | | | | | 1,496 | | |
| | | 2021 | | | | | | | 50% | | | | | | $ | 503,100 | | | | | | $ | 251,466 | | | | | | | 2,184 | | | | | | 2022 | | | | | | | 50% | | | | | | $ | 487,010 | | | | | | $ | 243,475 | | | | | | | 1,869 | | | |||||
| | | 2020 | | | | | | | 50% | | | | | | $ | 343,153 | | | | | | $ | 171,505 | | | | | | | 1,763 | | | | | | 2021 | | | | | | | 50% | | | | | | $ | 503,100 | | | | | | $ | 251,466 | | | | | | | 2,184 | | |
| | | Robert J. Pagano, Jr. ($) | | | | Shashank Patel ($) | | | | Andre Dhawan ($) | | | | Elie A. Melhem ($) | | | | Kenneth R. Lepage ($) | | | | Robert J. Pagano, Jr. ($) | | | | Shashank Patel ($) | | | | Andre Dhawan ($) | | | | Elie A. Melhem ($) | | | | Kenneth R. Lepage ($) | | ||||||||||||||||||||||||||||||||
| Car allowance | | | | 24,000 | | | | | | | 14,000 | | | | | | | 5,250 | | | | | | | — | | | | | | | 14,000 | | | Car allowance | | | | 24,000 | | | | | | | 14,000 | | | | | | | 14,000 | | | | | | | — | | | | | | | 14,000 | | | ||
| Financial planning allowance(a) | | | | 13,825 | | | | | | | 13,825 | | | | | | | — | | | | | | | 500 | | | | | | | 13,825 | | | Financial planning allowance(a) | | | | 14,455 | | | | | | | 14,455 | | | | | | | 12,911 | | | | | | | 1,500 | | | | | | | 14,455 | | | ||
| Company contribution to 401(k) plan | | | | 18,300 | | | | | | | 18,300 | | | | | | | 917 | | | | | | | 9,013 | | | | | | | 18,300 | | | Company contribution to 401(k) plan | | | | 19,800 | | | | | | | 19,800 | | | | | | | 19,800 | | | | | | | 18,300 | | | | | | | 19,800 | | | ||
| Supplemental disability insurance premium | | | | 17,456 | | | | | | | 6,727 | | | | | | | — | | | | | | | 5,716 | | | | | | | 3,761 | | | Supplemental disability insurance premium | | | | 20,618 | | | | | | | 7,645 | | | | | | | 8,873 | | | | | | | 7,327 | | | | | | | 4,121 | | | ||
| Executive physical | | | | 4,848 | | | | | | | 4,848 | | | | | | | — | | | | | | | — | | | | | | | 4,848 | | | Executive physical | | | | 5,090 | | | | | | | 5,090 | | | | | | | 5,090 | | | | | | | — | | | | | | | 5,090 | | | ||
| Relocation expenses | | | | — | | | | | | | — | | | | | | | 32,692 | | | | | | | — | | | | | | | — | | | Relocation expenses | | | | — | | | | | | | — | | | | | | | 29,192 | | | | | | | — | | | | | | | — | | | ||
| Tax gross-up for relocation expenses | | | | — | | | | | | | — | | | | | | | 19,147 | | | | | | | — | | | | | | | — | | | Tax gross-up for relocation expenses | | | | — | | | | | | | — | | | | | | | 8,569 | | | | | | | — | | | | | | | — | | | ||
| Payments related to expatriate assignment(b) | | | | — | | | | | | | — | | | | | | | — | | | | | | | 228,288 | | | | | | | — | | | Payments related to expatriate assignment(b) | | | | — | | | | | | | — | | | | | | | — | | | | | | | 221,408 | | | | | | | — | | | ||
| Total All Other Compensation | | | | 78,429 | | | | | | | 57,700 | | | | | | | 58,006 | | | | | | | 243,517 | | | | | | | 54,734 | | | Total All Other Compensation | | | | 83,963 | | | | | | | 60,990 | | | | | | | 98,435 | | | | | | | 248,535 | | | | | | | 57,466 | | |
| | | | | | | | | | | | | | | | | Estimated Possible Payouts Under Non-Equity Incentive Plan Awards(2) | | | | Estimated Possible Payouts Under Equity Incentive Plan Awards(3) | | | | All Other Stock Awards: Number of Shares of Stock (#) | | | | Grant Date Fair Value of Stock Awards ($)(4) | | | | | | | | | | | | | | | | | | Estimated Possible Payouts Under Non-Equity Incentive Plan Awards(2) | | | | Estimated Possible Payouts Under Equity Incentive Plan Awards(3) | | | | All Other Stock Awards: Number of Shares of Stock (#) | | | | Grant Date Fair Value of Stock Awards ($)(4) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | | Grant Type(1) | | | | Grant Date | | | | Threshold ($) | | | | Target ($) | | | | Maximum ($) | | | | Threshold (#) | | | | Target (#) | | | | Maximum (#) | | | Name | | Grant Type(1) | | | | Grant Date | | | | Threshold ($) | | | | Target ($) | | | | Maximum ($) | | | | Threshold (#) | | | | Target (#) | | | | Maximum (#) | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Robert J. Pagano, Jr. | | | | | EIBP | | | | | | | — | | | | | | | 555,005 | | | | | | | 1,110,010 | | | | | | | 2,220,020 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | Robert J. Pagano, Jr. | | | | | EIBP | | | | | | | — | | | | | | | 577,500 | | | | | | | 1,155,000 | | | | | | | 2,310,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | |
| | | DSA | | | | | | | 3/15/22 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 12,249 | | | | | | | 1,762,999 | | | | | | DSA | | | | | | | 3/13/23 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 12,102 | | | | | | | 1,976,499 | | | |||||
| | | PSU | | | | | | | 3/15/22 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 7,349 | | | | | | | 12,249 | | | | | | | 24,498 | | | | | | | — | | | | | | | 1,762,999 | | | | | | PSU | | | | | | | 3/13/23 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 7,261 | | | | | | | 12,102 | | | | | | | 24,204 | | | | | | | — | | | | | | | 1,976,499 | | | |||||
| Shashank Patel | | | | | EIBP | | | | | | | — | | | | | | | 175,000 | | | | | | | 350,000 | | | | | | | 700,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | Shashank Patel | | | | | EIBP | | | | | | | — | | | | | | | 182,000 | | | | | | | 364,000 | | | | | | | 728,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | |
| | | DSA | | | | | | | 3/15/22 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 2,601 | | | | | | | 374,362 | | | | | | DSA | | | | | | | 3/13/23 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 2,221 | | | | | | | 362,734 | | | |||||
| | | PSU | | | | | | | 3/15/22 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 1,560 | | | | | | | 2,601 | | | | | | | 5,202 | | | | | | | — | | | | | | | 374,362 | | | | | | PSU | | | | | | | 3/13/23 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 1,332 | | | | | | | 2,221 | | | | | | | 4,442 | | | | | | | — | | | | | | | 362,734 | | | |||||
| Andre Dhawan | | | | | EIBP | | | | | | | — | | | | | | | 67,964 | | | | | | | 135,928 | | | | | | | 271,856 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | Andre Dhawan | | | | | EIBP | | | | | | | — | | | | | | | 184,113 | | | | | | | 368,225 | | | | | | | 736,450 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | |
| | | DSA | | | | | | | 8/15/22 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 6,762 | | | | | | | 1,049,936 | | | | | | DSA | | | | | | | 3/13/23 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 711 | | | | | | | 116,121 | | | |||||
| | | PSU | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | PSU | | | | | | | 3/13/23 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 426 | | | | | | | 711 | | | | | | | 1,422 | | | | | | | — | | | | | | | 116,121 | | | |||||
| Elie A. Melhem | | | | | EIBP | | | | | | | — | | | | | | | 124,383 | | | | | | | 248,765 | | | | | | | 497,530 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | Elie A. Melhem | | | | | EIBP | | | | | | | — | | | | | | | 129,360 | | | | | | | 258,720 | | | | | | | 517,440 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | |
| | | DSA | | | | | | | 3/15/22 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 2,353 | | | | | | | 338,667 | | | | | | DSA | | | | | | | 3/13/23 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 2,009 | | | | | | | 328,110 | | | |||||
| | | PSU | | | | | | | 3/15/22 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 1,411 | | | | | | | 2,353 | | | | | | | 4,706 | | | | | | | — | | | | | | | 338,667 | | | | | | PSU | | | | | | | 3/13/23 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 1,205 | | | | | | | 2,009 | | | | | | | 4,018 | | | | | | | — | | | | | | | 328,110 | | | |||||
| Kenneth R. Lepage | | | | | EIBP | | | | | | | — | | | | | | | 133,500 | | | | | | | 267,000 | | | | | | | 534,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | Kenneth R. Lepage | | | | | EIBP | | | | | | | — | | | | | | | 139,140 | | | | | | | 278,280 | | | | | | | 556,560 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | |
| | | DSA | | | | | | | 3/15/22 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 2,315 | | | | | | | 333,198 | | | | | | DSA | | | | | | | 3/13/23 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 1,976 | | | | | | | 322,720 | | | |||||
| | | PSU | | | | | | | 3/15/22 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 1,389 | | | | | | | 2,315 | | | | | | | 4,630 | | | | | | | — | | | | | | | 333,198 | | | | | | PSU | | | | | | | 3/13/23 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 1,185 | | | | | | | 1,976 | | | | | | | 3,952 | | | | | | | — | | | | | | | 322,720 | | |
| | | | | | | | | | | Stock Awards(1) | | ||||||||||||||||||||||||||||||||||||||
| Name | | | Grant Date | | | | Number of Shares or Units of Stock That Have Not Vested (#) | | | | Market Value of Shares or Units of Stock That Have Not Vested ($)(2) | | | | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) | | | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(2) | | |||||||||||||||||||||||||||||
| Robert J. Pagano, Jr. | | | | | 3/ | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||
| | | | | | — | | | | | | | — | | | |||||||||||||||||||||||||||||||||||
| | | 3/15/22 | | | | | | | | | | | | | | | | | | | — | | | | | | | — | | | |||||||||||||||||||
| | | 3/13/ | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||
| | | 3/15/21 | | | | | | | | | | | | | | | | | | | — | | | | | | | — | | | |||||||||||||||||||
| | | 3/15/22 | | | | | | | | | | | | | | | | | | | — | | | | | | | — | | | |||||||||||||||||||
| | | 3/ | | | | | | | | | | | | | 1,619,010 | | | | | | | | | | | | | | | | | ||||||||||||||||||
| | | 3/12/21 | | | | | | | 28,052(5) | | | | | | | | | | | | | — | | | | | | | — | ||||||||||||||||||||
| | |||||||||||||||||||||||||||||||||||||||||||||||||
| | | 3/15/22 | | | | | | | — | | | | | | | — | | | | | | | 24,498 | | | | | | | | | ||||||||||||||||||
| | | 3/ | | | | | | | — | | | | | | | — | | | | | | | 24,204(7) | | | | | | | 5,042,661 | | | |||||||||||||||||
| Shashank Patel | | | | | 3/12/21 | | | | | | | | | | | | | | | | | | | — | | | | | | | — | | | ||||||||||||||||
| | | 3/15/22 | | | | | | | | | | | | | | | | | | | — | | | | | | | — | | | |||||||||||||||||||
| | | 3/13/ | | | | | | | | | | | | | | | | | | | — | | | | | | | — | | | |||||||||||||||||||
| | | 3/15/21 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||
| | | 3/12/21 | | | | | | | 5,734(5) | | | | | | | 1,194,622 | | | | | | | — | | | | | | | — | |||||||||||||||||||
| | |||||||||||||||||||||||||||||||||||||||||||||||||
| | | 3/15/22 | | | | | | | — | | | | | | | — | | | | | | | 5,202 | | | | | | | | | ||||||||||||||||||
| | | | | | | | | — | | | | | | | — | | | ||||||||||||||||||||||||||||||||
| | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||
| Andre Dhawan | | | | | 8/15/22 | | | | | | | 3,043(3)(8) | | | | | | | 633,979 | | | | | | | — | | | | | | | — | | | ||||||||||||||
| | | 3/ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||
| | | 3/13/23 | | | | | | | — | | | | | | | — | | | | | | | 1,422(7) | | | | | | | 296,260 | | | |||||||||||||||||
| Elie A. Melhem | | | | | 3/12/21 | | | | | | | 899(3) | | | | | | | 187,298 | | | | | | | — | | | | | | | — | | | ||||||||||||||
| | | 3/15/22 | | | | | | | | | | | | | | | | | | | — | | | | | | | — | | | |||||||||||||||||||
| | | 3/13/ | | | | | | | | | | | | | | | | | | | — | | | | | | | — | | | |||||||||||||||||||
| | | 3/15/21 | | | | | | | | | | | | | | | | | | | — | | | | | | | — | | | |||||||||||||||||||
| | | 3/15/22 | | | | | | | | | | | | | | | | | | | — | | | | | | | — | | | |||||||||||||||||||
| | | 3/15/23 | | | | | | | 1,741(4) | | | | | | | 362,720 | | | | | | | | | | | | | | | | | |||||||||||||||||
| | | 3/ | | | | | | | | | | | | | | | | | | | — | | | | | | | — | |||||||||||||||||||||
| | |||||||||||||||||||||||||||||||||||||||||||||||||
| | | 3/15/22 | | | | | | | — | | | | | | | — | | | | | | | 4,706(6) | | | | | | | 980,448 | | | |||||||||||||||||
| | | 3/13/23 | | | | | | | — | | | | | | | — | | | | | | | 4,018(7) | | | | | | | | | ||||||||||||||||||
| Kenneth R. Lepage | | | | | 3/ | | | | | | | | | | | | | | | | | | | — | | | | | | | — | | | ||||||||||||||||
| | | 3/15/22 | | | | | | | 1,544(3) | | | | | | | 321,677 | | | | | | | — | | | | | | | — | | | |||||||||||||||||
| | | 3/13/23 | | | | | | | 1,976(3) | | | | | | | 411,680 | | | | | | | — | | | | | | | — | | | |||||||||||||||||
| | | 3/15/21 | | | | | | | 588(4) | | | | | | | 122,504 | | | | | | | — | | | | | | | — | | | |||||||||||||||||
| | | 3/15/22 | | | | | | | 1,456(4) | | | | | | | 303,343 | | | | | | | — | | | | | | | — | | | |||||||||||||||||
| | | 3/15/23 | | | | | | | 1,869(4) | | | | | | | 389,387 | | | | | | | — | | | | | | | — | | | |||||||||||||||||
| | | 3/12/21 | | | | | | | | | | | | | | | | | | | — | | | | | | | — | |||||||||||||||||||||
| | |||||||||||||||||||||||||||||||||||||||||||||||||
| | | 3/15/22 | | | | | | | — | | | | | | | — | | | | | | | 4,630(6) | | | | | | | 964,614 | | | |||||||||||||||||
| | | 3/13/23 | | | | | | | — | | | | | | | — | | | | | | | 3,952(7) | | | | | | | | |
| | | Stock Awards(1) | | | | Stock Awards(1) | | ||||||||||||||||||||||
| Name | | Number of Shares Acquired on Vesting (#) | | | | Value Realized on Vesting ($)(2) | | Name | | Number of Shares Acquired on Vesting (#) | | | | Value Realized on Vesting ($)(2) | | ||||||||||||||
| Robert J. Pagano, Jr. | | | | 65,798 | | | | | | | 8,831,968(3) | | | Robert J. Pagano, Jr. | | | | 51,271 | | | | | | | 8,837,479(3) | | | ||
| Shashank Patel | | | | 12,748 | | | | | | | 1,722,490(4) | | | Shashank Patel | | | | 10,197 | | | | | | | 1,801,392(4) | | | ||
| Andre Dhawan | | | | 1,014 | | | | | | | 148,277 | | | Andre Dhawan | | | | 2,705 | | | | | | | 473,997 | | | ||
| Elie A. Melhem | | | | 12,919 | | | | | | | 1,721,559(5) | | | Elie A. Melhem | | | | 10,110 | | | | | | | 1,714,527(5) | | | ||
| Kenneth R. Lepage | | | | 13,088 | | | | | | | 1,712,638(6) | | | Kenneth R. Lepage | | | | 10,198 | | | | | | | 1,703,891(6) | | | ||
| | | | | | |
| Name | | Plan Name(1) | | | | Executive Contributions in Last Fiscal Year ($) | | | | Company Contributions in Last Fiscal Year ($) | | | | Aggregate Earnings in Last Fiscal Year ($)(2) | | | | Aggregate Withdrawals/ Distributions ($) | | | | Aggregate Balance at Last Fiscal Year End ($) | | Name | | Plan Name(1) | | | | Executive Contributions in Last Fiscal Year ($) | | | | Company Contributions in Last Fiscal Year ($) | | | | Aggregate Earnings in Last Fiscal Year ($)(2) | | | | Aggregate Withdrawals/ Distributions ($) | | | | Aggregate Balance at Last Fiscal Year End ($) | | ||||||||||||||||||||||||||||||||||||||
| Robert J. Pagano, Jr. | | | | MSPP | | | | | | | 691,669(3) | | | | | | | — | | | | | | | (479,265)(4) | | | | | | | 1,054,968(5) | | | | | | | 1,092,923(6) | | | Robert J. Pagano, Jr. | | | | MSPP | | | | | | | 867,612(3) | | | | | | | — | | | | | | | 497,682(4) | | | | | | | 884,833(5) | | | | | | | 1,573,384(6) | | | ||
| Shashank Patel | | | | MSPP | | | | | | | 191,203(3) | | | | | | | — | | | | | | | (24,710)(4) | | | | | | | 4,054(5) | | | | | | | 298,163(6) | | | Shashank Patel | | | | MSPP | | | | | | | 104,380(3) | | | | | | | — | | | | | | | 98,511(4) | | | | | | | 233,962(5) | | | | | | | 267,092(6) | | | ||
| Andre Dhawan | | | | MSPP | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | Andre Dhawan | | | | MSPP | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | ||
| Elie A. Melhem | | | | | SIP | | | | | | | 346,197(7) | | | | | | | — | | | | | | | (326,478)(8) | | | | | | | 510,748(9) | | | | | | | 800,617(10) | | | Elie A. Melhem | | | | | SIP | | | | | | | 420,725(7) | | | | | | | — | | | | | | | 208,125(8) | | | | | | | 482,225(9) | | | | | | | 947,241(10) | | |
| | | MSPP | | | | | | | 154,332(3) | | | | | | | — | | | | | | | (93,956)(4) | | | | | | | 207,024(5) | | | | | | | 235,284(6) | | | | | | MSPP | | | | | | | 203,224(3) | | | | | | | — | | | | | | | 115,347(4) | | | | | | | 178,635(5) | | | | | | | 375,220(6) | | | |||||
| Kenneth R. Lepage | | | | | NDCP | | | | | | | — | | | | | | | — | | | | | | | (91,671) | | | | | | | — | | | | | | | 459,739 | | | Kenneth R. Lepage | | | | | NDCP | | | | | | | — | | | | | | | — | | | | | | | 102,251 | | | | | | | — | | | | | | | 561,990 | | |
| | | MSPP | | | | | | | 182,015(3) | | | | | | | — | | | | | | | (124,291)(4) | | | | | | | 272,894(5) | | | | | | | 287,342(6) | | | | | | MSPP | | | | | | | 214,297(3) | | | | | | | — | | | | | | | 126,903(4) | | | | | | | 232,071(5) | | | | | | | 396,471(6) | | |
| Name | | Resignation or Retirement | | | | Involuntary Termination Without Cause ($) | | | | Involuntary Termination With Cause | | | | Involuntary Termination Without Cause or Resignation for Good Reason Within 24 Months Following a Change in Control ($) | | | | Involuntary Termination Without Cause Within Six Months Preceding a Change in Control ($) | | Name | | Resignation or Retirement | | | | Involuntary Termination Without Cause ($) | | | | Involuntary Termination With Cause | | | | Involuntary Termination Without Cause or Resignation for Good Reason Within 24 Months Following a Change in Control ($) | | | | Involuntary Termination Without Cause Within Six Months Preceding a Change in Control ($) | | ||||||||||||||||||||||||||||||||
| Robert J. Pagano, Jr. | | | | — | | | | | | | 2,038,996 | | | | | | | — | | | | | | | 4,280,172 | | | | | | | 4,280,172 | | | Robert J. Pagano, Jr. | | | | — | | | | | | | 2,120,976 | | | | | | | — | | | | | | | 4,451,952 | | | | | | | 4,451,952 | | | ||
| Shashank Patel | | | | — | | | | | | | 520,148 | | | | | | | — | | | | | | | 1,740,296 | | | | | | | 1,740,296 | | | Shashank Patel | | | | — | | | | | | | 540,148 | | | | | | | — | | | | | | | 1,808,296 | | | | | | | 1,808,296 | | | ||
| Andre Dhawan | | | | — | | | | | | | 570,976 | | | | | | | — | | | | | | | 1,856,952 | | | | | | | 1,856,952 | | | Andre Dhawan | | | | — | | | | | | | 587,476 | | | | | | | — | | | | | | | 1,911,402 | | | | | | | 1,911,402 | | | ||
| Elie A. Melhem | | | | — | | | | | | | 484,268 | | | | | | | — | | | | | | | 1,466,066 | | | | | | | 1,466,066 | | | Elie A. Melhem | | | | — | | | | | | | 502,368 | | | | | | | — | | | | | | | 1,522,176 | | | | | | | 1,522,176 | | | ||
| Kenneth R. Lepage | | | | — | | | | | | | 446,368 | | | | | | | — | | | | | | | 1,426,736 | | | | | | | 1,426,736 | | | Kenneth R. Lepage | | | | — | | | | | | | 464,168 | | | | | | | — | | | | | | | 1,486,896 | | | | | | | 1,486,896 | | |
| Name & Event | | Number of Shares of Unvested Deferred Stock Awards Accelerated (#) | | | | Value of Unvested Deferred Stock Awards Accelerated ($)(1) | | | | Number of Shares Underlying Unvested Performance Stock Units Accelerated (#) | | | | Value of Unvested Performance Stock Units Accelerated ($)(1) | | | | Number of Shares Underlying Unvested Restricted Stock Units Accelerated (#) | | | | Value of Unvested Restricted Stock Units Accelerated ($)(2) | | Name & Event | | Number of Shares of Unvested Deferred Stock Awards Accelerated (#) | | | | Value of Unvested Deferred Stock Awards Accelerated ($)(1) | | | | Number of Shares Underlying Unvested Performance Stock Units Accelerated (#) | | | | Value of Unvested Performance Stock Units Accelerated ($)(1) | | | | Number of Shares Underlying Unvested Restricted Stock Units Accelerated (#) | | | | Value of Unvested Restricted Stock Units Accelerated ($)(2) | | ||||||||||||||||||||||||||||||||||||||
| Robert J. Pagano, Jr. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Robert J. Pagano, Jr. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
| ➢ Change in Control: | | | | 28,108 | | | | | | | 4,110,233 | | | | | | | 85,471(3) | | | | | | | 12,498,424 | | | | | | | 16,388 | | | | | | | 666,201 | | | ➢ Change in Control: | | | | 24,945 | | | | | | | 5,197,041 | | | | | | | 70,703(3) | | | | | | | 14,730,263 | | | | | | | 16,205 | | | | | | | 1,432,451 | | | ||
| ➢ Termination due to Death or Disability: | | | | 28,108 | | | | | | | 4,110,233 | | | | | | | 52,479(4) | | | | | | | 7,674,005 | | | | | | | — | | | | | | | — | | | ➢ Termination due to Death or Disability: | | | | 24,945 | | | | | | | 5,197,041 | | | | | | | 40,252(4) | | | | | | | 8,386,102 | | | | | | | — | | | | | | | — | | | ||
| ➢ Termination due to Retirement: | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | ➢ Termination due to Retirement: | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | ||
| Shashank Patel | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Shashank Patel | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
| ➢ Change in Control: | | | | 5,814 | | | | | | | 850,181 | | | | | | | 17,437(3) | | | | | | | 2,549,813 | | | | | | | 1,982 | | | | | | | 105,099 | | | ➢ Change in Control: | | | | 4,912 | | | | | | | 1,023,366 | | | | | | | 14,267(3) | | | | | | | 2,972,387 | | | | | | | 642 | | | | | | | 71,301 | | | ||
| ➢ Termination due to Death or Disability: | | | | 5,814 | | | | | | | 850,181 | | | | | | | 10,580(4) | | | | | | | 1,547,113 | | | | | | | — | | | | | | | — | | | ➢ Termination due to Death or Disability: | | | | 4,912 | | | | | | | 1,023,366 | | | | | | | 8,208(4) | | | | | | | 1,710,055 | | | | | | | — | | | | | | | — | | | ||
| ➢ Termination due to Retirement: | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | ➢ Termination due to Retirement: | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | ||
| Andre Dhawan | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Andre Dhawan | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
| ➢ Change in Control: | | | | 5,748 | | | | | | | 840,530 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | ➢ Change in Control: | | | | 3,754 | | | | | | | 782,108 | | | | | | | 1,066(3) | | | | | | | 222,090 | | | | | | | — | | | | | | | — | | | ||
| ➢ Termination due to Death or Disability: | | | | 5,748 | | | | | | | 840,530 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | ➢ Termination due to Death or Disability: | | | | 3,754 | | | | | | | 782,108 | | | | | | | 237 | | | | | | | 49,377 | | | | | | | — | | | | | | | — | | | ||
| ➢ Termination due to Retirement: | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | ➢ Termination due to Retirement: | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | ||
| Elie A. Melhem | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Elie A. Melhem | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
| ➢ Change in Control: | | | | 5,414 | | | | | | | 791,689 | | | | | | | 16,495(3) | | | | | | | 2,412,064 | | | | | | | 3,722 | | | | | | | 151,022 | | | ➢ Change in Control: | | | | 4,477 | | | | | | | 932,738 | | | | | | | 13,107(3) | | | | | | | 2,730,712 | | | | | | | 3,687 | | | | | | | 327,181 | | | ||
| ➢ Termination due to Death or Disability: | | | | 5,414 | | | | | | | 791,689 | | | | | | | 10,158(4) | | | | | | | 1,485,404 | | | | | | | — | | | | | | | — | | | ➢ Termination due to Death or Disability: | | | | 4,477 | | | | | | | 932,738 | | | | | | | 7,625(4) | | | | | | | 1,588,593 | | | | | | | — | | | | | | | — | | | ||
| ➢ Termination due to Retirement(5): | | | | 5,414 | | | | | | | 791,689 | | | | | | | 10,158 | | | | | | | 1,485,404 | | | | | | | — | | | | | | | — | | | ➢ Termination due to Retirement(5): | | | | 4,477 | | | | | | | 932,738 | | | | | | | 7,625 | | | | | | | 1,588,593 | | | | | | | — | | | | | | | — | | | ||
| Kenneth R. Lepage | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Kenneth R. Lepage | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
| ➢ Change in Control: | | | | 5,318 | | | | | | | 777,651 | | | | | | | 16,178(3) | | | | | | | 2,365,709 | | | | | | | 4,050 | | | | | | | 167,218 | | | ➢ Change in Control: | | | | 4,404 | | | | | | | 917,529 | | | | | | | 12,896(3) | | | | | | | 2,686,753 | | | | | | | 3,913 | | | | | | | 346,915 | | | ||
| ➢ Termination due to Death or Disability: | | | | 5,318 | | | | | | | 777,651 | | | | | | | 9,942(4) | | | | | | | 1,453,819 | | | | | | | — | | | | | | | — | | | ➢ Termination due to Death or Disability: | | | | 4,404 | | | | | | | 917,529 | | | | | | | 7,503(4) | | | | | | | 1,563,175 | | | | | | | — | | | | | | | — | | | ||
| ➢ Termination due to Retirement: | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | ➢ Termination due to Retirement: | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | |
Pay Versus Performance | Pay Versus Performance | | Pay Versus Performance | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) | | (b) | | (c) | | (d) | | (e) | | (f) | | (g) | | (h) | | (i) | | | (b) | | (c) | | (d) | | (e) | | (f) | | (g) | | (h) | | (i) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | Value of Initial Fixed $100 Investment Based On: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Value of Initial Fixed $100 Investment Based On: | | | | | | | | | | | | | ||||||||||||||||||||||||||||
Year | | Summary Compensation Table Total for Chief Executive Officer ($)(1) | | Compensation Actually Paid to Chief Executive Officer ($)(2) | | Average Summary Compensation Table Total for non-CEO Named Executive Officers ($)(3) | | Average Compensation Actually Paid to non-CEO Named Executive Officers ($)(4) | | Total Shareholder Return (TSR) ($) | | Peer Group (Russell 2000) Total Shareholder Return (TSR) ($)(5) | | Net Income (millions) ($) | | Company Selected Performance Measure (ROIC) ($)(6) | | | Summary Compensation Table Total for Chief Executive Officer ($)(1) | | Compensation Actually Paid to Chief Executive Officer ($)(2) | | Average Summary Compensation Table Total for non-CEO Named Executive Officers ($)(3) | | Average Compensation Actually Paid to non-CEO Named Executive Officers ($)(4) | | Total Stockholder Return (TSR) ($) | | Peer Group (Russell 2000) Total Stockholder Return (TSR) ($)(5) | | Net Income (millions) ($) | | Company Selected Performance Measure (ROIC) ($)(6) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | | | | 7,537,395 | | | | | 17,117,986 | | | | | 1,789,288 | | | | | 3,166,332 | | | | | 336.88 | | | | | 160.85 | | | | | 262.1 | | | | | 24.3% | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | | | | 7,076,495 | | | | | 4,065,476 | | | | | 1,836,521 | | | | | 1,411,117 | | | | | 201.49 | | | | | 122.41 | | | | | 251.5 | | | | | 22.8% | | | | | | 7,076,495 | | | | | 4,065,476 | | | | | 1,836,521 | | | | | 1,411,117 | | | | | 234.63 | | | | | 137.56 | | | | | 251.5 | | | | | 22.8% | | | ||||||||||||||||
2021 | | | | 7,070,685 | | | | | 25,106,690 | | | | | 1,903,300 | | | | | 5,777,567 | | | | | 265.38 | | | | | 153.85 | | | | | 165.7 | | | | | 18.4% | | | | | | 7,070,685 | | | | | 25,106,690 | | | | | 1,903,300 | | | | | 5,777,567 | | | | | 309.02 | | | | | 172.90 | | | | | 165.7 | | | | | 18.4% | | | ||||||||||||||||
2020 | | | | 5,328,463 | | | | | 8,977,335 | | | | | 1,582,672 | | | | | 2,355,261 | | | | | 165.20 | | | | | 134.00 | | | | | 114.3 | | | | | 14.2% | | | | | | 5,328,463 | | | | | 8,977,335 | | | | | 1,582,672 | | | | | 2,355,261 | | | | | 192.37 | | | | | 150.58 | | | | | 114.3 | | | | | 14.2% | | | ||||||||||||||||
2019 | | | | 5,855,790 | | | | | 12,079,242 | | | | | 1,600,109 | | | | | 2,856,738 | | | | | 134.14 | | | | | 111.70 | | | | | 131.5 | | | | | 13.1% | | | | | | 5,855,790 | | | | | 12,079,242 | | | | | 1,600,109 | | | | | 2,856,738 | | | | | 156.19 | | | | | 125.52 | | | | | 131.5 | | | | | 13.1% | | | ||||||||||||||||
2018 | | | | 5,854,532 | | | | | 5,116,087 | | | | | 1,668,110 | | | | | 1,024,267 | | | | | 85.88 | | | | | 88.99 | | | | | 128.0 | | | | | 13.2% | | |
| Adjustments to Determine Compensation Actually Paid for CEO (7) (8) | | | | 2022 | | | | | 2021 | | | | | 2020 | | | | | 2019 | | | | | 2018 | | | Adjustments to Determine Compensation Actually Paid for CEO (7) (8) | | | | 2023 | | | | | 2022 | | | | | 2021 | | | | | 2020 | | | | | 2019 | | | ||||||||||
| Decrease for Amounts Reported under the “Stock Awards” Column in the SCT for the Applicable Year ($) | | | | (3,972,831) | | | | | (3,887,210) | | | | | (3,122,231) | | | | | (3,508,775) | | | | | (3,490,108) | | | Decrease for Amounts Reported under the “Stock Awards” Column in the SCT for the Applicable Year ($) | | | | (4,382,012) | | | | | (3,972,831) | | | | | (3,887,210) | | | | | (3,122,231) | | | | | (3,508,775) | | | ||||||||||
| Increase for Fair Value of Awards Granted during Applicable Year that Remained Unvested as of Year End, Determined as of the Applicable Year End ($) | | | | 5,839,841 | | | | | 8,784,833 | | | | | 5,710,407 | | | | | 5,316,908 | | | | | 3,277,414 | | | Increase for Fair Value of Awards Granted during Applicable Year that Remained Unvested as of Year End, Determined as of the Applicable Year End ($) | | | | 7,922,337 | | | | | 5,839,841 | | | | | 8,784,833 | | | | | 5,710,407 | | | | | 5,316,908 | | | ||||||||||
| Increase/Decrease for Change in Fair Value from prior Year End to current Year End of Awards Granted Prior to Applicable Year that Remained Unvested as of Applicable Year End ($) | | | | (1,763,267) | | | | | 7,306,301 | | | | | 1,155,712 | | | | | 2,508,962 | | | | | (805,913) | | | Increase/Decrease for Change in Fair Value from prior Year End to current Year End of Awards Granted Prior to Applicable Year that Remained Unvested as of Applicable Year End ($) | | | | 3,738,743 | | | | | (1,763,267) | | | | | 7,306,301 | | | | | 1,155,712 | | | | | 2,508,962 | | | ||||||||||
| Increase/Decrease for Change in Fair Value from Prior Year End to Vesting Date of Awards Granted Prior to Applicable Year that Vested during Applicable Year ($) | | | | (3,268,280) | | | | | 5,621,946 | | | | | (202,386) | | | | | 1,789,979 | | | | | 190,410 | | | Increase/Decrease for Change in Fair Value from Prior Year End to Vesting Date of Awards Granted Prior to Applicable Year that Vested during Applicable Year ($) | | | | 2,138,966 | | | | | (3,268,280) | | | | | 5,621,946 | | | | | (202,386) | | | | | 1,789,979 | | | ||||||||||
| Increase for Dividend Equivalents Accrued with respect to Unvested Awards during Applicable Year ($) | | | | 153,518 | | | | | 210,135 | | | | | 107,370 | | | | | 116,378 | | | | | 89,752 | | | Increase for Dividend Equivalents Accrued with respect to Unvested Awards during Applicable Year ($) | | | | 162,557 | | | | | 153,518 | | | | | 210,135 | | | | | 107,370 | | | | | 116,378 | | | ||||||||||
| Total Adjustments ($) | | | | (3,011,019) | | | | | 18,036,005 | | | | | 3,648,872 | | | | | 6,223,452 | | | | | (738,445) | | | Total Adjustments ($) | | | | 9,580,591 | | | | | (3,011,019) | | | | | 18,036,005 | | | | | 3,648,872 | | | | | 6,223,452 | | |
| Adjustments to Determine Compensation Actually Paid for non-CEO Named Executive Officers for the Applicable Year (7) (8) | | | | 2022(9) | | | | | 2021(10) | | | | | 2020 | | | | | 2019 | | | | | 2018 | | | Adjustments to Determine Compensation Actually Paid for non-CEO Named Executive Officers for the Applicable Year (7)(8) | | | | 2023(9) | | | | | 2022(10) | | | | | 2021(11) | | | | | 2020 | | | | | 2019 | | | ||||||||||
| Decrease for Amounts Reported under the “Stock Awards” Column in the SCT for the Applicable Year ($) | | | | (837,492) | | | | | (755,732) | | | | | (694,494) | | | | | (709,714) | | | | | (1,023,212) | | | Decrease for Amounts Reported under the “Stock Awards” Column in the SCT for the Applicable Year ($) | | | | (614,652) | | | | | (837,492) | | | | | (755,732) | | | | | (694,494) | | | | | (709,714) | | | ||||||||||
| Increase for Fair Value of Awards Granted during Applicable Year that Remained Unvested as of Year End, Determined as of the Applicable Year End ($) | | | | 944,536 | | | | | 1,661,076 | | | | | 1,240,944 | | | | | 982,487 | | | | | 733,990 | | | Increase for Fair Value of Awards Granted during Applicable Year that Remained Unvested as of Year End, Determined as of the Applicable Year End ($) | | | | 983,990 | | | | | 944,536 | | | | | 1,661,076 | | | | | 1,240,944 | | | | | 982,487 | | | ||||||||||
| Increase for Fair Value of Awards Granted during Applicable Year that Vested during such Year ($) | | | | 123,089 | | | | | 98,513 | | | | | — | | | | | — | | | | | — | | | Increase for Fair Value of Awards Granted during Applicable Year that Vested during such Year ($) | | | | 104,639 | | | | | 123,089 | | | | | 98,513 | | | | | — | | | | | — | | | ||||||||||
| Increase/Decrease for Change in Fair Value from prior Year End to current Year End of Awards Granted Prior to Applicable Year that Remained Unvested as of Applicable Year End ($) | | | | (237,348) | | | | | 1,632,875 | | | | | 270,740 | | | | | 608,141 | | | | | (127,261) | | | Increase/Decrease for Change in Fair Value from prior Year End to current Year End of Awards Granted Prior to Applicable Year that Remained Unvested as of Applicable Year End ($) | | | | 557,321 | | | | | (237,348) | | | | | 1,632,875 | | | | | 270,740 | | | | | 608,141 | | | ||||||||||
| Increase/Decrease for Change in Fair Value from Prior Year End to Vesting Date of Awards Granted Prior to Applicable Year that Vested during Applicable Year ($) | | | | (434,999) | | | | | 1,196,663 | | | | | (65,427) | | | | | 355,085 | | | | | 31,389 | | | Increase/Decrease for Change in Fair Value from Prior Year End to Vesting Date of Awards Granted Prior to Applicable Year that Vested during Applicable Year ($) | | | | 322,054 | | | | | (434,999) | | | | | 1,196,663 | | | | | (65,427) | | | | | 355,085 | | | ||||||||||
| Increase for Dividend Equivalents Accrued with respect to Unvested Awards during the Applicable Year ($) | | | | 16,810 | | | | | 40,872 | | | | | 20,826 | | | | | 20,630 | | | | | 10,068 | | | Increase for Dividend Equivalents Accrued with respect to Unvested Awards during the Applicable Year ($) | | | | 23,692 | | | | | 16,810 | | | | | 40,872 | | | | | 20,826 | | | | | 20,630 | | | ||||||||||
| Decrease for Fair Value of Awards Forfeited during Applicable Year | | | | — | | | | | — | | | | | — | | | | | — | | | | | (322,195) | | | Total Adjustments ($) | | | | 1,377,044 | | | | | (425,404) | | | | | 3,874,267 | | | | | 772,589 | | | | | 1,256,629 | | | ||||||||||
| Total Adjustments ($) | | | | (425,404) | | | | | 3,874,267 | | | | | 772,589 | | | | | 1,256,629 | | | | | (697,221) | | |
| ROIC | |
| Revenue CAGR | |
| Consolidated Net Sales | |
| Consolidated Adjusted Net Income | |
| Consolidated Free Cash Flow | |
| DELINQUENT SECTION 16(a) REPORTS | |
| PROPOSAL 2 ADVISORY VOTE ON NAMED EXECUTIVE OFFICER COMPENSATION | |
| ADVISORY VOTE ON THE FREQUENCY OF FUTURE ADVISORY VOTES ON NAMED EXECUTIVE OFFICER COMPENSATION |
APPROVAL OF AMENDMENT TO CERTIFICATE OF INCORPORATION REGARDING OFFICER EXCULPATION |
AUDIT COMMITTEE REPORT | |
| PROPOSAL RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | |
| Type of Fees | | 2021 | | 2022 | | Type of Fees | | 2022 | | 2023 | | ||||||||||||||||
| Audit Fees: | | | $ | 2,977,627 | | | | $ | 3,343,608 | | | Audit Fees: | | | $ | 3,343,608 | | | | $ | 3,889,039 | | | ||||
| Audit-Related Fees: | | | $ | 7,562 | | | | $ | 15,310 | | | Audit-Related Fees: | | | $ | 15,310 | | | | $ | 24,649 | | | ||||
| Tax Fees: | | | $ | 13,930 | | | | $ | 43,014 | | | Tax Fees: | | | $ | 43,014 | | | | $ | 126,032 | | | ||||
| All Other Fees: | | | | — | | | | | — | | | All Other Fees: | | | | — | | | | $ | 200,000 | | | ||||
| Total: | | | $ | 2,999,119 | | | | $ | 3,401,932 | | | Total: | | | $ | 3,401,932 | | | | $ | 4,239,720 | | |
| HOUSEHOLDING OF ANNUAL MEETING MATERIALS | |
| STOCKHOLDER PROPOSALS | |