(1)Amounts include employer 401(k) matching, employer contributions for medical, dental, vision, disability, and life insurance, auto allowance, and a perquisite account. As previously disclosed in our Annual Report, in 2023, perquisites and allowances for our executive officers were reduced. (2)$19,221,501 of the $33,190,168 total amount is a one-time incentive award of performance-based Restricted Stock Units (“RSUs”) which may or may not vest, dependent on achievement of stock price thresholds (the "Performance Grant") as further discussed below under “Stock Awards” and "Outstanding Equity Awards at Fiscal Year-End". Another $10 million of the total amount vests over a 7-year period in order to incentivize McKeel's continued service to the Company. The remaining value is attributed to three additional one-time only grants which vest on a time-based schedule and McKeel’s annual equity grant awarded pursuant to his employment agreement which also vests on a time-based schedule. Total amount calculated as the aggregate grant date fair value computed in accordance with FASB ASC Topic 718. Valued at the grant date and assuming the highest level of performance conditions will be achieved, the Performance Grant is valued at $40,000,000, and the grant date value of all 2022 grants is $53,968,667 (where 74% of this value is subject to future stock price performance due to the Performance Grant). (3)Amount includes items listed in Footnote 1 above, as well as the cost of a personal assistant. As previously disclosed in our Annual Report, under the amendment to McKeel's employment agreement dated March 2023, perquisites, allowances, and the personal assistant were discontinued in 2023. (4)Includes payments for 2021 under our Annual Incentive Plan based on criteria met as of December 31, 2021, and paid in February 2022. Also includes cash payments paid in November 2021 for the accelerated vesting for the 2019-2021 and 2020-2022 performance periods under our previous Long-Term Incentive Plan. (5)As further discussed below under “Stock Awards” and "Outstanding Equity Awards at Fiscal Year-End", amounts for Collette, Barbara, and Fred include one annual grant of RSUs to each as part of their annual compensation packages and four one-time only grants of RSUs to each awarded solely in 2022. (6)Includes payments for 2022 under our Annual Incentive Plan based on criteria met as of December 31, 2022, and paid in March 2023. (7)Includes interest earned in 2021 under our Deferred Incentive Awards Plan where interest exceeds 120% of the applicable federal long-term rate, with compounding (as prescribed under Section 1274(d) of the Internal Revenue Code). (8)Includes bonus payment of $1,500,000 paid on March 15, 2022, pursuant to the terms of Kelly’s employment agreement because he was actively employed as the CSO at that time. (9)Amount includes payments through July 2022 for the items listed in Footnote 1 above, and the previously disclosed $500,000 settlement payment paid to Kelly on November 10, 2022, pursuant to the Release and Settlement Agreement, dated November 8, 2022, by and between Kelly and the Company. (10)Includes annual bonus of $1,186,875 paid in March 2021 and a retention bonus of $500,000 paid in August 2021 under Kelly's employment agreement. (11)Fred transitioned the CFO position to Patrick McClymont and became a Senior Advisor at Hagerty in September 2022. (12)Kelly served as our CSO until June 2022.
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