Board Justification

The compensation program is designed to support the company's mission and values, aligning management's interests with those of stockholders while attracting and retaining high-quality executives.

Board Justification

Under the 2023 Cash Incentive Plan, bonus payouts were weighted between the revenue targets and Adjusted EBITDA targets so that they were based 50% on achievement of revenue targets and 50% on achievement of Adjusted EBITDA targets. However, Mr. Bryant did not receive a bonus payout as the minimum target for Adjusted EBITDA was not met.

Board Justification

Includes tax gross-ups, perquisites, and other personal benefits such as housing reimbursements and contributions to the 401(k) plan.

Board Justification

Performance-based RSUs granted in February 2020 vested due to the achievement of a compounded annual growth rate target of 5.0% per year of GAAP total revenues over any three consecutive fiscal year period starting with the three-year period ended in 2022.