Cover
Cover | 12 Months Ended |
Dec. 31, 2022 | |
Document Information [Line Items] | |
Document Type | DEF 14A |
Amendment Flag | false |
Entity Information [Line Items] | |
Entity Registrant Name | Via Renewables, Inc. |
Entity Central Index Key | 0001606268 |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Pay vs Performance Disclosure [Table] | |||
Pay vs Performance [Table Text Block] | Pay Versus Performance Table The table below compares the pay of our principal executive officer (“PEO”) and the average pay of all other Named Executive Officers to our performance on certain metrics during each of the last three fiscal years. In this table, executive pay is presented in two ways: (1) total compensation as disclosed in the Summary Compensation Table (“SCT”) for the relevant year and (2) “compensation actually paid” (“CAP”) for the same year, calculated as required by SEC rules, which is intended to, among other things, adjust SCT totals to capture actual payouts from equity awards vesting during a given year as well as year-over-year changes in the value of unvested equity awards that are outstanding at the end of that year. Narrative descriptions of the relationship between executive pay and each of these metrics are located below the table. For further information regarding our pay-for-performance philosophy and how we align executive compensation with our performance, please see “Compensation Discussion and Analysis.” Current PEO (1) Former PEO (2) All Other NEOs (3) Value of initial fixed $100 investment based on: Year SCT Total CAP SCT Total CAP Average SCT Total Average CAP Company TSR Peer group TSR Net Income ($ in MM) Adjusted EBITDA ($ in MM) 2022 $ 2,023,699 $ 866,800 – – $ 871,965 $ 718,491 $ 70 $ 116 $ 11.1 $ 51.8 2021 $ 2,247,615 $ 2,479,195 – – $ 620,350 $ 666,576 $ 143 $ 116 $ (4.0 ) $ 80.1 2020 $ 24,926 $ 24,926 $ 619,553 $ (53,470 ) $ 677,920 $ 745,446 $ 112 $ 99 $ 68.2 $ 106.6 (1) Current primary executive officer (“PEO”) refers to W. Keith Maxwell, who has served as our Chief Executive Officer since March 19, 2020. The following table details the amounts deducted from and added to the total compensation reflected in the Summary Compensation Table each year to arrive at the compensation actually paid referenced in the table: CAP 2022 2021 2020 SCT Total for PEO: $ 2,023,699 $ 2,247,615 $ 24,926 Less: $ 1,999,996 $ (2,222,689 ) $ – Plus: $ 843,097 $ 2,454,269 $ – CAP: $ 866,800 $ 2,479,195 $ 24,926 As reflected in the table above, the “CAP Equity Value” was calculated as follows: CAP Equity Value 2022 2021 2020 Add: $ 738,160 $ 1,892,294 $ – Add $ (784,735 ) $ – $ – Add $ 1,022,941 $ 561,975 $ – Add $ (133,269 ) $ – $ – Less $ – $ – $ – Add: $ – $ – $ – Total $ 843,097 $ 2,454,269 $ – (2) Former PEO refers to Nathan Kroeker, who served as President and Chief Executive Officer through March 19, 2020. The following table details the amounts deducted from and added to the total compensation reflected in the Summary Compensation Table for the year ended December 31, 2020 to arrive at the compensation actually paid referenced in the table. CAP 2020 SCT Total for PEO: $ 619,553 Less $ 33,354 Plus $ (639,669 ) CAP: $ (53,470 ) CAP Equity Value 2020 Add: $ – Add $ – Add $ 20,902 Add $ (660,571 ) Less $ – Add: $ – Total $ (639,669 ) (3) Our non-PEO NEOs for each fiscal year included in the table were as follows: · 2022 – Mr. Barajas, Mr. Konikowski and Ms. Clay. · 2021 - Mr. Barajas, Mr. Konikowski, Ms. Clay, James G. Jones II, and Kevin McMinn. · 2020 - James G. Jones II, Ms. Clay and Kevin McMinn. Average CAP 2022 2021 2020 Average SCT Total for non-PEO NEOs: $ 871,965 $ 620,350 $ 677,920 Less: $ 333,334 $ 190,475 $ 246,893 Plus: $ 179,860 $ 236,700 $ 314,419 Average CAP: $ 718,491 $ 666,576 $ 745,446 As reflected in the table above, the “CAP Equity Value” for our non-PEO NEOs was calculated as follows: CAP Equity Value 2022 2021 2020 Add: $ 229,855 $ 48,943 $ 324,417 Add $ (24,001 ) $ 27,386 $ (12,487 ) Add $ 1,018 $ 155,157 $ 693 Add Vesting Date $ (27,012 ) $ 5,214 $ 1,796 Less $ – $ – $ – Add: $ – $ – $ – Total $ 179,860 $ 236,700 $ 314,419 | ||
PEO Total Compensation Amount | $ 2,023,699 | $ 2,247,615 | $ 24,926 |
PEO Actually Paid Compensation Amount | 866,800 | 2,479,195 | 24,926 |
Non-PEO NEO Average Total Compensation Amount | 871,965 | 620,350 | 677,920 |
Non-PEO NEO Average Compensation Actually Paid Amount | $ 718,491 | 666,576 | 745,446 |
Compensation Actually Paid vs. Total Shareholder Return [Text Block] | · Relationship Between Compensation Paid to the PEO and Average Other Named Officers and the Company’s Cumulative TSR | ||
Compensation Actually Paid vs. Net Income [Text Block] | · Relationship Between Compensation Paid to the PEO and Average Other Named Officers and the Company’s Net Income – | ||
Compensation Actually Paid vs. Company Selected Measure [Text Block] | · Relationship Between Compensation Paid to the PEO and Average Other Named Officers and Adjusted EBITDA - | ||
Total Shareholder Return Vs Peer Group [Text Block] | · Relationship Between the Company’s TSR and the Peer Group TSR | ||
Total Shareholder Return Amount | $ 70 | 143 | 112 |
Peer Group Total Shareholder Return Amount | 116 | 116 | 99 |
Net Income (Loss) | 11.1 | (4) | 68.2 |
Adjustment to Compensation Amount | $ 51.8 | 80.1 | 106.6 |
PEO Name | W. Keith Maxwell | ||
Former Primary Executive Officer [Member] | |||
Pay vs Performance Disclosure [Table] | |||
PEO Total Compensation Amount | $ 0 | 0 | 619,553 |
PEO Actually Paid Compensation Amount | 0 | 0 | $ (53,470) |
PEO Name | Nathan Kroeker | ||
Former Primary Executive Officer [Member] | Stock Awards Value [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | $ 33,354 | ||
Former Primary Executive Officer [Member] | Cap Equity Value [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (639,669) | ||
Former Primary Executive Officer [Member] | Cap Equity Value Of Fair Value Of Current Year Awards Outstanding At End Of Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 0 | ||
Former Primary Executive Officer [Member] | Cap Equity Value Of Change In Fair Value Between End Of Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 0 | ||
Former Primary Executive Officer [Member] | Cap Equity Value Of Fair Value At Vesting Date Of Rsus Granted And Vesting In Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 20,902 | ||
Former Primary Executive Officer [Member] | Cap Equity Value Of Change In Fair Value Of Vesting Rsus From End Of Prior Year To Vesting Date [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (660,571) | ||
Former Primary Executive Officer [Member] | Cap Equity Value Of Fair Value Of Rsus Failing To Vest [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 0 | ||
Former Primary Executive Officer [Member] | Cap Equity Value Of Dividends Or Earnings Not Otherwise Included [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 0 | ||
PEO [Member] | Stock Awards Value [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 1,999,996 | (2,222,689) | 0 |
PEO [Member] | Cap Equity Value [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 843,097 | 2,454,269 | 0 |
PEO [Member] | Cap Equity Value Of Fair Value Of Current Year Awards Outstanding At End Of Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 738,160 | 1,892,294 | 0 |
PEO [Member] | Cap Equity Value Of Change In Fair Value Between End Of Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (784,735) | 0 | 0 |
PEO [Member] | Cap Equity Value Of Fair Value At Vesting Date Of Rsus Granted And Vesting In Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 1,022,941 | 561,975 | 0 |
PEO [Member] | Cap Equity Value Of Change In Fair Value Of Vesting Rsus From End Of Prior Year To Vesting Date [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (133,269) | 0 | 0 |
PEO [Member] | Cap Equity Value Of Fair Value Of Rsus Failing To Vest [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 0 | 0 | 0 |
PEO [Member] | Cap Equity Value Of Dividends Or Earnings Not Otherwise Included [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | $ 0 | $ 0 | $ 0 |
Non-PEO NEO [Member] | |||
Pay vs Performance Disclosure [Table] | |||
PEO Name | Mr. Barajas, Mr. Konikowski and Ms. Clay | Mr. Barajas, Mr. Konikowski, Ms. Clay, James G. Jones II, and Kevin McMinn | James G. Jones II, Ms. Clay and Kevin McMinn |
Non-PEO NEO [Member] | Stock Awards Value [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | $ 333,334 | $ 190,475 | $ 246,893 |
Non-PEO NEO [Member] | Cap Equity Value [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 179,860 | 236,700 | 314,419 |
Non-PEO NEO [Member] | Cap Equity Value To Fair Value At End Of Year Of Rsus Granted During Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 229,855 | 48,943 | 324,417 |
Non-PEO NEO [Member] | Cap Equity Value Of Change In Fair Value Between End Of Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (24,001) | 27,386 | (12,487) |
Non-PEO NEO [Member] | Cap Equity Value Of Fair Value At Vesting Date Of Rsus Granted And Vesting In Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 1,018 | 155,157 | 693 |
Non-PEO NEO [Member] | Cap Equity Value Of Change In Fair Value Of Vesting Rsus From End Of Prior Year To Vesting Date [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (27,012) | 5,214 | 1,796 |
Non-PEO NEO [Member] | Cap Equity Value Of Fair Value Of Rsus Failing To Vest [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 0 | 0 | 0 |
Non-PEO NEO [Member] | Cap Equity Value Of Dividends Or Earnings Not Otherwise Included [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | $ 0 | $ 0 | $ 0 |