Board Justification

Our compensation philosophy is to pay at market median, with the majority of executive pay being aligned with our performance. When our performance and individual performance warrants, we may compensate above the market midpoint in variable pay components.

Board Justification

Our NEOs are eligible to receive annual cash incentive awards under our annual incentive program (the "AIP"). The AIP provides an opportunity for employees to receive a short-term award based on the achievement of specified organization, operating and financial goals and objectives at the corporate level that are established by the Compensation Committee each year.

Board Justification

Represents (a) $1,769 in incremental cost of our automobiles not used exclusively for business purposes for James C. Mastandrea for the years of 2022, (b) $3,762 in matching contributions under our 401(k) plan for James C. Mastandrea for the years of 2022, and (c) $2,364 in incremental health insurance costs for James C. Mastandrea for the years of 2022

Board Justification

Our 2008 Plan and 2018 Plan further align the interests of our NEOs with those of our shareholders, as the primary grants to our NEOs pursuant to the 2008 Plan and 2018 Plan provide for performance-based vesting of our shares.