|
Dave Schaeffer
Chairman |
| |
Marc Montagner
Lead Independent Director |
|
Board
|
| |
Schaeffer
|
| |
Montagner
|
| |
Bath
|
| |
Brooks
|
| |
de Sa
|
| |
Ferguson
|
| |
Howard
|
| |
Howell
|
| |
Kennedy
|
|
Knowledge, Skills and Experience
|
| |||||||||||||||||||||||||||
Public Company Board Experience
|
| |
x
|
| |
x
|
| |
x
|
| |
x
|
| | | | |
x
|
| | | | | | | |
x
|
|
Financial | | |
x
|
| |
x
|
| |
x
|
| |
x
|
| |
x
|
| |
x
|
| |
x
|
| | | | |
x
|
|
Risk Management
|
| |
x
|
| |
x
|
| |
x
|
| | | | | | | |
x
|
| |
x
|
| | | | |
x
|
|
Accounting | | |
x
|
| |
x
|
| |
x
|
| |
x
|
| | | | |
x
|
| | | | | | | |
x
|
|
Corporate Governance/Ethics
|
| |
x
|
| |
x
|
| |
x
|
| |
x
|
| | | | |
x
|
| |
x
|
| |
x
|
| |
x
|
|
Legal/Regulatory | | |
x
|
| | | | | | | |
x
|
| |
x
|
| |
x
|
| |
x
|
| |
x
|
| |
x
|
|
HR/Compensation | | |
x
|
| |
x
|
| |
x
|
| | | | | | | | | | | | | |
x
|
| | | |
Executive Experience
|
| |
x
|
| |
x
|
| |
x
|
| | | | | | | | | | |
x
|
| | | | | | |
Operations | | |
x
|
| |
x
|
| | | | | | | | | | | | | |
x
|
| |
x
|
| | | |
Strategic Planning/Oversight
|
| |
x
|
| |
x
|
| |
x
|
| |
x
|
| |
x
|
| |
x
|
| |
x
|
| |
x
|
| |
x
|
|
Technology | | |
x
|
| |
x
|
| |
x
|
| |
x
|
| | | | | | | | | | | | | | | |
Mergers and Acquisitions
|
| |
x
|
| |
x
|
| | | | |
x
|
| |
x
|
| |
x
|
| |
x
|
| |
x
|
| | | |
Telecom/Internet Industry
|
| |
x
|
| |
x
|
| |
x
|
| |
x
|
| |
x
|
| | | | | | | | | | | | |
Academia/Education | | |
x
|
| | | | |
x
|
| |
x
|
| | | | |
x
|
| | | | | | | |
x
|
|
Cybersecurity | | |
x
|
| | | | | | | | | | | | | |
x
|
| | | | | | | | | |
Environmental, Social and Governance | | | | | | | | | | | | | | | | | | | | |
x
|
| | | | |
x
|
|
|
Board Diversity Matrix (As of March 10, 2023)*
|
| |||
|
Total Number of Directors
|
| |
9
|
|
| | |
Female
|
| |
Male
|
| |
Non-Binary
|
| |
Did Not
Disclose Gender |
|
Part I: Gender Identity | | ||||||||||||
Directors | | |
3
|
| |
6
|
| | | | | | |
Part II: Demographic Background | | ||||||||||||
African American or Black
|
| |
1
|
| | | | | | | | | |
Alaskan Native or Native American | | | | | | | | | | | | | |
Asian | | | | | |
1
|
| | | | | | |
Hispanic or Latinx | | | | | | | | | | | | | |
Native Hawaiian or Pacific Islander | | | | | | | | | | | | | |
White | | |
2
|
| |
5
|
| | | | | | |
Two or More Races or Ethnicities | | | | | | | | | | | | | |
LGBTQ+ | | |
0
|
| |||||||||
Did Not Disclose Demographic Background
|
| |
0
|
|
| | |
2022
|
| |
2021
|
| |
2020
|
| |
TOTAL
|
| |
AVERAGE
|
| |||||||||||||||
Options granted
|
| | | | 73 | | | | | | 77 | | | | | | 73 | | | | | | 223 | | | | | | 74 | | |
Shares granted
|
| | | | 476 | | | | | | 471 | | | | | | 476 | | | | | | 1,423 | | | | | | 474 | | |
TOTAL | | | | | 549 | | | | | | 548 | | | | | | 549 | | | | | | 1,646 | | | | | | 549 | | |
Weighted average shares – basic EPS
|
| | | | 46,876 | | | | | | 46,419 | | | | | | 45,948 | | | | | | | | | | | | | | |
Burn rate – 1 year
|
| | | | 1.17% | | | | | | 1.18% | | | | | | 1.19% | | | | | | | | | | | | | | |
Burn rate – 3 year average
|
| | | | 1.17% | | | | | | | | | | | | | | | | | | | | | | | | | | |
Name and Position
|
| |
Number of
Shares Underlying Stock Option Grants (#) |
| |
Number of
Shares Underlying Performance- Based Restricted Stock (#)(1) |
| |
Number of
Shares Underlying Time-Based Restricted Stock (#) |
| |||||||||
Named Executive Officers: | | | | | | | | | | | | | | | | | | | |
Dave Schaeffer, Founder and Chief Executive Officer
|
| | | | | | | | | | 596,000 | | | | | | 480,000 | | |
Thaddeus Weed, Chief Financial Officer
|
| | | | | | | | | | 24,200 | | | | | | 116,800 | | |
Sean Wallace, Former Chief Financial Officer
|
| | | | | | | | | | 4,800 | | | | | | 31,200 | | |
James Bubeck, Chief Revenue Officer and Vice President of Global
Sales |
| | | | | | | | | | 14,400 | | | | | | 57,600 | | |
John Chang, Chief Legal Officer
|
| | | | | | | | | | 12,000 | | | | | | 55,600 | | |
Henry Kilmer, Vice President of IP Engineering
|
| | | | | | | | | | 14,400 | | | | | | 57,600 | | |
All Current Executive Officers as a Group
|
| | | | | | | | | | 663,400 | | | | | | 786,400 | | |
All Current Non-Executive Directors as a Group
|
| | | | | | | | | | | | | | | | 179,120 | | |
Each Associate of any of such Directors or Executive Officers
|
| | | | | | | | | | | | | | | | — | | |
Each Other Person who Received or is to Receive 5% of such Options,
Warrants or Rights |
| | | | | | | | | | | | | | | | — | | |
All Employees, including all Officers who are not Executive Officers, as a Group
|
| | | | 437,752 | | | | | | 57,600 | | | | | | 993,320 | | |
Plan Category
|
| |
Number of Securities to
be issued upon exercise of outstanding options, warrants and rights |
| |
Weighted-average
exercise price of outstanding options, warrants and rights |
| |
Number of Securities
remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) |
| |||||||||
| | |
(a)
|
| |
(b)
|
| |
(c)
|
| |||||||||
Equity compensation plans approved by
security holders |
| | | | 967,637 | | | | | $ | 58.91 | | | | | | 799,646 | | |
Equity compensation plans not approved by security holders
|
| | | | 0 | | | | | | 0 | | | | | | — | | |
Total
|
| | | | 967,637 | | | | | $ | 58.91 | | | | | | 799,646 | | |
Director
|
| |
Montagner
|
| |
Bath
|
| |
Brooks
|
| |
de Sa
|
| |
Ferguson
|
| |
Howard
|
| |
Howell
|
| |
Kennedy
|
| |
Schaeffer
|
| ||||||||||||||||||||||||
Audit Committee
|
| | | | | | | | | | | | | | | | x | | | | | | | | | | | | x | | | | | | | | | | | | | | | | | | x | | | | | |
Compensation Committee
|
| | | | x | | | | | | | | | | | | | | | | | | x | | | | | | | | | | | | | | | | | | x | | | | | | | | | | | |
Nominating and Corporate Governance Committee
|
| | | | | | | | | | x | | | | | | | | | | | | | | | | | | x | | | | | | x | | | | | | | | | | | | | | | | | |
| | |
12/17
|
| |
12/18
|
| |
12/19
|
| |
12/20
|
| |
12/21
|
| |
12/22
|
| ||||||||||||||||||
Cogent Communications Holdings
|
| | | | 100.00 | | | | | | 104.21 | | | | | | 158.28 | | | | | | 149.93 | | | | | | 191.49 | | | | | | 158.59 | | |
S&P 500
|
| | | | 100.00 | | | | | | 95.62 | | | | | | 125.72 | | | | | | 148.85 | | | | | | 191.58 | | | | | | 156.89 | | |
NASDAQ Telecommunications
|
| | | | 100.00 | | | | | | 77.39 | | | | | | 91.90 | | | | | | 101.16 | | | | | | 103.32 | | | | | | 75.55 | | |
| | |
12/05
|
| |
12/06
|
| |
12/07
|
| |
12/08
|
| |
12/09
|
| |
12/10
|
| |
12/11
|
| |
12/12
|
| |
12/13
|
| |||||||||||||||||||||||||||
Cogent Communications Holdings
|
| | | | 100.00 | | | | | | 295.45 | | | | | | 431.88 | | | | | | 118.94 | | | | | | 179.60 | | | | | | 257.56 | | | | | | 307.65 | | | | | | 416.63 | | | | | | 761.65 | | |
S&P 500
|
| | | | 100.00 | | | | | | 115.80 | | | | | | 122.16 | | | | | | 76.96 | | | | | | 97.33 | | | | | | 111.99 | | | | | | 114.35 | | | | | | 132.66 | | | | | | 175.62 | | |
NASDAQ Telecommunications
|
| | | | 100.00 | | | | | | 140.37 | | | | | | 178.00 | | | | | | 108.37 | | | | | | 138.66 | | | | | | 168.22 | | | | | | 167.52 | | | | | | 183.01 | | | | | | 281.83 | | |
AT&T Inc.
|
| | | | 100.00 | | | | | | 155.55 | | | | | | 189.77 | | | | | | 138.76 | | | | | | 148.45 | | | | | | 169.11 | | | | | | 187.77 | | | | | | 224.43 | | | | | | 250.39 | | |
Verizon Communications Inc.
|
| | | | 100.00 | | | | | | 135.32 | | | | | | 165.86 | | | | | | 136.46 | | | | | | 142.31 | | | | | | 175.48 | | | | | | 207.47 | | | | | | 234.81 | | | | | | 278.58 | | |
Lumen Technologies, Inc.
|
| | | | 100.00 | | | | | | 132.52 | | | | | | 126.56 | | | | | | 89.13 | | | | | | 129.34 | | | | | | 178.49 | | | | | | 155.05 | | | | | | 175.55 | | | | | | 152.44 | | |
| | |
12/14
|
| |
12/15
|
| |
12/16
|
| |
12/17
|
| |
12/18
|
| |
12/19
|
| |
12/20
|
| |
12/21
|
| |
12/22
|
| |||||||||||||||||||||||||||
Cogent Communications Holdings
|
| | | | 689.04 | | | | | | 706.44 | | | | | | 876.70 | | | | | | 1002.12 | | | | | | 1044.27 | | | | | | 1586.15 | | | | | | 1502.46 | | | | | | 1918.95 | | | | | | 1589.28 | | |
S&P 500
|
| | | | 199.66 | | | | | | 202.42 | | | | | | 226.63 | | | | | | 276.11 | | | | | | 264.00 | | | | | | 347.13 | | | | | | 411.00 | | | | | | 528.98 | | | | | | 433.17 | | |
NASDAQ Telecommunications
|
| | | | 224.02 | | | | | | 214.47 | | | | | | 202.93 | | | | | | 254.75 | | | | | | 194.76 | | | | | | 231.54 | | | | | | 245.23 | | | | | | 252.44 | | | | | | 179.00 | | |
AT&T Inc.
|
| | | | 256.28 | | | | | | 282.65 | | | | | | 373.01 | | | | | | 364.05 | | | | | | 288.37 | | | | | | 428.28 | | | | | | 343.89 | | | | | | 323.59 | | | | | | 344.36 | | |
Verizon Communications Inc.
|
| | | | 277.01 | | | | | | 287.01 | | | | | | 346.47 | | | | | | 360.39 | | | | | | 400.93 | | | | | | 456.53 | | | | | | 455.99 | | | | | | 421.64 | | | | | | 337.28 | | |
Lumen Technologies, Inc.
|
| | | | 200.75 | | | | | | 136.93 | | | | | | 139.98 | | | | | | 109.40 | | | | | | 111.47 | | | | | | 105.57 | | | | | | 85.42 | | | | | | 118.61 | | | | | | 52.75 | | |
| 8x8 | | | InterDigital | |
| Aspen Technology | | | Iridium Communications | |
| Bottomline Technologies | | | Qualys | |
| CarGurus | | | QuinStreet | |
| Cloudera | | | Shenandoah Telecommunications | |
| Fastly | | | Stamps.com | |
| FireEye | | | Switch | |
| | | | Vonage Holdings | |
Named Officer
|
| |
Time Based
Restricted Stock (# shares) |
| |
Time Based
Restricted Stock (grant date fair value) |
| |
Performance Based
Restricted Stock (# shares) |
| |
Performance Based
Restricted Stock (grant date fair value) |
| |
Aggregate
Grant Date Fair Value |
| |||||||||||||||
Dave Schaeffer
|
| | | | 72,000 | | | | | $ | 5,232,240.00 | | | | | | 88,000 | | | | | $ | 5,565,981.16 | | | | | $ | 10,798,221 | | |
Thaddeus Weed
|
| | | | 9,600 | | | | | $ | 697,632.00 | | | | | | 2,400 | | | | | $ | 174,408.00 | | | | | $ | 872,040 | | |
Thaddeus Weed
|
| | | | 10,000 | | | | | $ | 636,900.00 | | | | | | — | | | | | | — | | | | | $ | 636,900 | | |
Sean Wallace
|
| | | | 9,600 | | | | | $ | 697,632.00 | | | | | | 2,400 | | | | | $ | 174,408.00 | | | | | $ | 872,040 | | |
James Bubeck
|
| | | | 9,600 | | | | | $ | 697,632.00 | | | | | | 2,400 | | | | | $ | 174,408.00 | | | | | $ | 872,040 | | |
John Chang
|
| | | | 9,600 | | | | | $ | 697,632.00 | | | | | | 2,400 | | | | | $ | 174,408.00 | | | | | $ | 872,040 | | |
Henry Kilmer
|
| | | | 9,600 | | | | | $ | 697,632.00 | | | | | | 2,400 | | | | | $ | 174,408.00 | | | | | $ | 872,040 | | |
Name
|
| |
Principal Position
|
| |
Year
|
| |
Salary
|
| |
Bonus
|
| |
Stock Awards(a)
|
| | | | | | | |
Non Equity
Incentive Plan Compensation(c) |
| |
All other
Compensation(b) |
| |
TOTAL
|
| |||||||||||||||||||||
Dave Schaeffer
|
| |
Chief Executive Officer
|
| | | | 2022 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 10,798,221 | | | | |
|
(d)
|
| | | | $ | 112,765 | | | | | $ | 6,100 | | | | | $ | 10,917,086 | | |
| | | | | | 2021 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 11,148,060 | | | | | | | | | | | $ | 352,000 | | | | | $ | 4,398 | | | | | $ | 11,504,458 | | | ||
| | | | | | 2020 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 13,875,660 | | | | | | | | | | | $ | 229,145 | | | | | $ | 5,705 | | | | | $ | 14,110,510 | | | ||
Thaddeus Weed
|
| |
Chief Financial Officer
|
| | | | 2022 | | | | | $ | 335,551 | | | | | $ | 0 | | | | | $ | 1,508,940 | | | | |
|
(e)
|
| | | | | | | | | | $ | 3,608 | | | | | $ | 1,848,099 | | |
| | | | | | 2021 | | | | | $ | 328,972 | | | | | $ | 0 | | | | | $ | 746,280 | | | | | | | | | | | | | | | | | $ | 5,700 | | | | | $ | 1,080,952 | | | ||
| | | | | | 2020 | | | | | $ | 322,521 | | | | | $ | 0 | | | | | $ | 1,862,158 | | | | | | | | | | | | | | | | | $ | 5,705 | | | | | $ | 2,190,384 | | | ||
Sean Wallace
|
| |
Former Chief Financial
Officer |
| | | | 2022 | | | | | $ | 119,000 | | | | | $ | 0 | | | | | $ | 872,040 | | | | |
|
(f)
|
| | | | | | | | | | $ | 2,374 | | | | | $ | 993,414 | | |
| | | 2021 | | | | | $ | 350,000 | | | | | $ | 0 | | | | | $ | 746,280 | | | | | | | | | | | | | | | | | $ | 5,700 | | | | | $ | 1,101,980 | | | |||||
| | | 2020 | | | | | $ | 233,333 | | | | | $ | 0 | | | | | $ | 913,320 | | | | | | | | | | | | | | | | | $ | 0 | | | | | $ | 1,146,653 | | | |||||
James Bubeck
|
| |
Chief Revenue Officer
|
| | | | 2022 | | | | | $ | 248,116 | | | | | $ | 0 | | | | | $ | 872,040 | | | | |
|
(f)
|
| | | | $ | 98,080 | | | | | $ | 6,100 | | | | | $ | 1,224,336 | | |
| | | | | | 2021 | | | | | $ | 243,251 | | | | | $ | 0 | | | | | $ | 746,280 | | | | | | | | | | | $ | 156,988 | | | | | $ | 5,700 | | | | | $ | 1,152,219 | | | ||
| | | | | | 2020 | | | | | $ | 238,481 | | | | | $ | 0 | | | | | $ | 921,480 | | | | | | | | | | | $ | 133,898 | | | | | $ | 5,705 | | | | | $ | 1,299,564 | | | ||
John Chang
|
| |
Chief Legal Officer
|
| | | | 2022 | | | | | $ | 266,678 | | | | | $ | 0 | | | | | $ | 872,040 | | | | |
|
(f)
|
| | | | | | | | | | $ | 4,819 | | | | | $ | 1,143,537 | | |
| | | | | | 2021 | | | | | $ | 261,449 | | | | | $ | 0 | | | | | $ | 746,280 | | | | | | | | | | | | | | | | | $ | 5,700 | | | | | $ | 1,013,429 | | | ||
| | | | | | 2020 | | | | | $ | 256,323 | | | | | $ | 0 | | | | | $ | 921,480 | | | | | | | | | | | | | | | | | $ | 5,705 | | | | | $ | 1,183,508 | | | ||
Henry Kilmer
|
| |
Vice President of IP
Engineering |
| | | | 2022 | | | | | $ | 233,926 | | | | | $ | 0 | | | | | $ | 872,040 | | | | |
|
(f)
|
| | | | | | | | | | $ | 5,176 | | | | | $ | 1,111,142 | | |
| | | 2021 | | | | | $ | 229,339 | | | | | $ | 0 | | | | | $ | 746,280 | | | | | | | | | | | | | | | | | $ | 4,398 | | | | | $ | 980,017 | | | |||||
| | | 2020 | | | | | $ | 224,842 | | | | | $ | 0 | | | | | $ | 921,480 | | | | | | | | | | | | | | | | | $ | 5,705 | | | | | $ | 1,152,027 | | |
| | | | | | | | | | | | | | |
Estimated Future Payouts Under Non-
Equity Incentive Plan Awards |
| |
Estimated Future Payouts Under Equity
Incentive Plan Awards |
| | | | | | | | | | | | | |||||||||||||||||||||||||||
Name
|
| |
Grant Date
|
| |
NOTES
|
| |
Threshold ($)
|
| |
Target ($)
|
| |
Maximum ($)
|
| |
Threshold ($)
|
| |
Target
|
| |
Maximum
|
| |
All Other
Awards: Number of Shares of Stock or Units |
| |
Grant Date Fair
Value of Stock and Option Awards(a) |
| |||||||||||||||||||||||||||
Dave Schaeffer
|
| | | | 1/3/2022 | | | | |
|
(b)(c)
|
| | | | | — | | | | | $ | 500,000 | | | | | $ | 500,000 | | | | | | | | | 88,000 | | | | | | 88,000 | | | | | | 72,000 | | | | | $ | 10,798,221 | | |
Thaddeus Weed
|
| | | | 1/3/2022 | | | | |
|
(d)
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,400 | | | | | | 9,600 | | | | | $ | 872,040 | | |
Thaddeus Weed
|
| | | | 5/4/2022 | | | | |
|
(e)
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 10,000 | | | | | $ | 636,900 | | |
Sean Wallace
|
| | | | 1/3/2022 | | | | |
|
(f)
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,400 | | | | | | 9,600 | | | | | $ | 872,040 | | |
James Bubeck
|
| | | | 1/3/2022 | | | | |
|
(f)(g)
|
| | | | | — | | | | | $ | 146,880 | | | | | | unlimited | | | | | | | | | | | | | | | 2,400 | | | | | | 9,600 | | | | | $ | 872,040 | | |
John Chang
|
| | | | 1/3/2022 | | | | |
|
(f)
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,400 | | | | | | 9,600 | | | | | $ | 872,040 | | |
Henry Kilmer
|
| | | | 1/3/2022 | | | | |
|
(f)
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,400 | | | | | | 9,600 | | | | | $ | 872,040 | | |
| | |
STOCK AWARDS
|
| |||||||||||||||||||||||||||
Name
|
| | | | | | | |
Number of Shares or
Units of Stock That Have Not Vested (#) |
| |
Market Value of
Shares or Units of Stock That Have Not Vested ($)(a) |
| |
Equity Incentive Plan
Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) |
| |
Equity Incentive Plan
Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(a) |
| ||||||||||||
Dave Schaeffer
|
| | |
|
(b)
|
| | | | | | | | | | | | | | | | | 105,000 | | | | | $ | 5,993,400 | | |
| | | |
|
(c)
|
| | | | | 84,000 | | | | | $ | 4,794,720 | | | | | | 105,000 | | | | | $ | 5,993,400 | | |
| | | |
|
(d)
|
| | | | | 84,000 | | | | | $ | 4,794,720 | | | | | | 105,000 | | | | | $ | 5,993,400 | | |
| | | |
|
(e)
|
| | | | | 72,000 | | | | | $ | 4,109,760 | | | | | | 88,000 | | | | | $ | 5,023,040 | | |
Thaddeus Weed
|
| | |
|
(f)
|
| | | | | 19,400 | | | | | $ | 1,107,352 | | | | | | 4,850 | | | | | $ | 276,838 | | |
| | | |
|
(g)
|
| | | | | 9,600 | | | | | $ | 547,968 | | | | | | 2,400 | | | | | $ | 136,992 | | |
| | | |
|
(h)
|
| | | | | 9,600 | | | | | $ | 547,968 | | | | | | 2,400 | | | | | $ | 136,992 | | |
| | | |
|
(i)
|
| | | | | 10,000 | | | | | $ | 570,800 | | | | | | | | | | | | | | |
James Bubeck
|
| | |
|
(j)
|
| | | | | 9,600 | | | | | $ | 547,968 | | | | | | 2,400 | | | | | $ | 136,992 | | |
| | | |
|
(g)
|
| | | | | 9,600 | | | | | $ | 547,968 | | | | | | 2,400 | | | | | $ | 136,992 | | |
| | | |
|
(h)
|
| | | | | 9,600 | | | | | $ | 547,968 | | | | | | 2,400 | | | | | $ | 136,992 | | |
John Chang
|
| | |
|
(j)
|
| | | | | 9,600 | | | | | $ | 547,968 | | | | | | 2,400 | | | | | $ | 136,992 | | |
| | | |
|
(g)
|
| | | | | 9,600 | | | | | $ | 547,968 | | | | | | 2,400 | | | | | $ | 136,992 | | |
| | | |
|
(h)
|
| | | | | 9,600 | | | | | $ | 547,968 | | | | | | 2,400 | | | | | $ | 136,992 | | |
Henry Kilmer
|
| | |
|
(j)
|
| | | | | 9,600 | | | | | $ | 547,968 | | | | | | 2,400 | | | | | $ | 136,992 | | |
| | | |
|
(g)
|
| | | | | 9,600 | | | | | $ | 547,968 | | | | | | 2,400 | | | | | $ | 136,992 | | |
| | | |
|
(h)
|
| | | | | 9,600 | | | | | $ | 547,968 | | | | | | 2,400 | | | | | $ | 136,992 | | |
Name
|
| |
Option Awards
Number of Shares Acquired on Exercise |
| |
Value
Realized On Exercise |
| |
Stock Awards
Number of Shares Acquired on Vesting |
| |
Value
Realized On Vesting |
| ||||||
Dave Schaeffer
|
| | | | | | | | | | 189,000 | | | | | $ | 12,805,800 | | |
Thaddeus Weed
|
| | | | | | | | | | 24,250 | | | | | $ | 1,417,607 | | |
Sean Wallace
|
| | | | | | | | | | 750 | | | | | $ | 47,003 | | |
James Bubeck
|
| | | | | | | | | | 12,000 | | | | | $ | 701,496 | | |
John Chang
|
| | | | | | | | | | 12,180 | | | | | $ | 711,581 | | |
Henry Kilmer
|
| | | | | | | | | | 12,000 | | | | | $ | 701,496 | | |
| | | | | |
Termination
without cause(a) |
| |
Change of
control(b) |
| |
Termination
without cause upon a change of control(c) |
| |||||||||
Dave Schaeffer
|
| | Cash | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
| | | Stock vesting | | | | $ | 13,100,672 | | | | | $ | 6,392,960 | | | | | $ | 28,311,680 | | |
| | | Total | | | | $ | 13,100,672 | | | | | $ | 6,392,960 | | | | | $ | 28,311,680 | | |
Tad Weed
|
| | Cash | | | | $ | 335,551 | | | | | $ | — | | | | | $ | 335,551 | | |
| | | Stock vesting | | | | $ | 1,556,229 | | | | | $ | 2,754,110 | | | | | $ | 2,754,110 | | |
| | | Total | | | | $ | 1,891,780 | | | | | $ | 2,754,110 | | | | | $ | 3,089,661 | | |
James Bubeck
|
| | Cash | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
| | | Stock vesting | | | | $ | 171,925 | | | | | $ | 2,054,880 | | | | | $ | 2,054,880 | | |
| | | Total | | | | $ | 171,925 | | | | | $ | 2,054,880 | | | | | $ | 2,054,880 | | |
Hank Kilmer
|
| | Cash | | | | $ | 58,482 | | | | | $ | — | | | | | $ | 58,482 | | |
| | | Stock vesting | | | | $ | 347,669 | | | | | $ | 2,054,880 | | | | | $ | 2,054,880 | | |
| | | Total | | | | $ | 406,151 | | | | | $ | 2,054,880 | | | | | $ | 2,113,362 | | |
John Chang
|
| | Cash | | | | $ | 133,339 | | | | | $ | — | | | | | $ | 133,339 | | |
| | | Stock vesting | | | | $ | 483,733 | | | | | $ | 2,054,880 | | | | | $ | 2,054,880 | | |
| | | Total | | | | $ | 617,072 | | | | | $ | 2,054,880 | | | | | $ | 2,188,219 | | |
Sean Wallace(d)
|
| | Cash | | | | $ | 175,000 | | | | | $ | — | | | | | $ | 175,000 | | |
| | | Stock vesting | | | | $ | 218,959 | | | | | $ | 1,455,540 | | | | | $ | 1,455,540 | | |
| | | Total | | | | $ | 393,959 | | | | | $ | 1,455,540 | | | | | $ | 1,630,540 | | |
| | |
Fees
Earned in Cash |
| |
Stock
Awards(a) |
| |
TOTAL
|
| |||||||||
Blake Bath
|
| | | $ | 4,000 | | | | | $ | 378,121 | | | | | $ | 382,121 | | |
Steven Brooks
|
| | | $ | 4,000 | | | | | $ | 378,121 | | | | | $ | 382,121 | | |
Paul De Sa
|
| | | $ | 4,000 | | | | | $ | 378,121 | | | | | $ | 382,121 | | |
Marc Montagner
|
| | | $ | 4,000 | | | | | $ | 378,121 | | | | | $ | 382,121 | | |
Lewis Ferguson
|
| | | $ | 4,000 | | | | | $ | 378,121 | | | | | $ | 382,121 | | |
Eve Howard(b)
|
| | | $ | 2,000 | | | | | $ | 183,490 | | | | | $ | 185,490 | | |
Deneen Howell(c)
|
| | | $ | 3,000 | | | | | $ | 277,521 | | | | | $ | 280,521 | | |
Sheryl Kennedy
|
| | | $ | 3,000 | | | | | $ | 378,121 | | | | | $ | 381,121 | | |
Year | | | Summary Compensation Table Total for PEO ($) | | | Compensation Actually Paid to PEO ($)(1) | | | Average Summary Compensation Table Total for Non-PEO NEOs ($) | | | Average Compensation Actually Paid to Non-PEO NEOs ($)(1) | | | Value of Initial Fixed $100 Investment Based on: | | | Net Income ($) | | | adjusted for Sprint acquisition costs | | |||||||||||||||||||||||||||
| Total Shareholder Return ($) | | | Peer Group Total Shareholder Return ($)(2) | | ||||||||||||||||||||||||||||||||||||||||||||
2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||
2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||
2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Year | | | PEO | | | Non-PEO NEOs | |
2022 | | | | | | Thaddeus Weed, Sean Wallace, James Bubeck, John Chang and Henry Kilmer | |
2021 | | | Dave Schaeffer | | | Sean Wallace, James Bubeck, Brad Kummer, John Chang and Timothy O’Neill | |
2020 | | | Dave Schaeffer | | | Sean Wallace, Thaddeus Weed, Jean-Michel Slagmuylder, Timothy O’Neill, James Bubeck and Brad Kummer | |
| | | 2022 ($, in 000s) | | | 2021 ($, in 000s) | | | 2020 ($, in 000s) | | |||||||||||||||||||||||||||
Adjustments | | | PEO | | | Average Non-PEO NEOs | | | PEO | | | Average Non-PEO NEOs | | | PEO | | | Average Non-PEO NEOs | | ||||||||||||||||||
Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table for Applicable FY | | | | | ( | | | | | | ( | | | | | | ( | | | | | | ( | | | | | | ( | | | | | | ( | | |
Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||
Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Vested during Applicable FY, determined as of Vesting Date | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Increase/deduction for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End | | | | | ( | | | | | | ( | | | | | | | | | | | | | | | | ( | | | | | | ( | | |
| | | 2022 ($, in 000s) | | | 2021 ($, in 000s) | | | 2020 ($, in 000s) | | |||||||||||||||||||||||||||
Adjustments | | | PEO | | | Average Non-PEO NEOs | | | PEO | | | Average Non-PEO NEOs | | | PEO | | | Average Non-PEO NEOs | | ||||||||||||||||||
Increase/deduction for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date | | | | | ( | | | | | | ( | | | | | | | | | | | | | | | | | | | | | | | ||||
Deduction of ASC 718 Fair Value of Awards Granted during Prior FY that were Forfeited during Applicable FY, determined as of Prior FY End | | | | | — | | | | | | ( | | | | | | ( | | | | | | — | | | | | | ( | | | | | | — | | |
Increase based on Dividends or Other Earnings Paid during Applicable FY prior to Vesting Date | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||
Increase based on Incremental Fair Value of Options/SARs Modified during Applicable FY | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Deduction for Change in the Actuarial Present Values reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the Summary Compensation Table for Applicable FY | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Increase for Service Cost and, if applicable, Prior Service Cost for Pension Plans | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
TOTAL ADJUSTMENTS | | | | | ( | | | | | | ( | | | | | | | | | | | | | | | | ( | | | | | | ( | | | ||
|
Name and Address of Beneficial Owner
|
| |
Amount Owned
|
| |
Percent of Class
|
| ||||||
BlackRock, Inc.(1)
55 East 52nd Street, New York, NY 10055 |
| | | | 7,473,928 | | | | | | 15.5% | | |
The Vanguard Group, Inc.(2)
100 Vanguard Blvd, Malvern, PA 19355 |
| | | | 5,226,031 | | | | | | 10.8% | | |
Vaughan Nelson Investment Management, L.P.(3)
600 Travis Street, Suite 3800, Houston, TX 77002 |
| | | | 2,565,270 | | | | | | 5.3% | | |
Dave Schaeffer(4)
|
| | | | 5,058,781 | | | | | | 10.5% | | |
Marc Montagner
|
| | | | 72,921 | | | | | | * | | |
Blake Bath
|
| | | | 23,996 | | | | | | * | | |
Steven Brooks
|
| | | | 39,821 | | | | | | * | | |
Paul de Sa
|
| | | | 6,321 | | | | | | * | | |
Lewis Ferguson
|
| | | | 15,756 | | | | | | * | | |
Eve Howard
|
| | | | 3,335 | | | | | | * | | |
Deneen Howell
|
| | | | 4,859 | | | | | | * | | |
Sheryl Kennedy
|
| | | | 7,809 | | | | | | * | | |
Thaddeus Weed(5)
|
| | | | 92,600 | | | | | | * | | |
James Bubeck(5)
|
| | | | 53,942 | | | | | | * | | |
John Chang(5)
|
| | | | 57,460 | | | | | | * | | |
Hank Kilmer(5)
|
| | | | 48,000 | | | | | | * | | |
Sean Wallace(6)
|
| | | | 2,775 | | | | | | * | | |
Directors and executive officers as a group (14 persons)(7)
|
| | | | 5,506,376 | | | | | | 11.4% | | |
Plan Category
|
| |
Number of Securities to
be issued upon exercise of outstanding options, warrants and rights |
| |
Weighted-average
exercise price of outstanding options, warrants and rights |
| |
Number of Securities
remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) |
| |||||||||
| | |
(a)
|
| |
(b)
|
| |
(c)
|
| |||||||||
Equity compensation plans approved by security holders
|
| | | | 967,637 | | | | | $ | 58.91 | | | | | | 799,646 | | |
Equity compensation plans not approved by security holders
|
| | | | 0 | | | | | | 0 | | | | | | — | | |
Total
|
| | | | 967,637 | | | | | $ | 58.91 | | | | | | 799,646 | | |
Service
|
| |
2021
|
| |
2022
|
| ||||||
Audit Fees(1)
|
| | | $ | 1,964 | | | | | $ | 2,351 | | |
Audit-Related Fees
|
| | | $ | — | | | | | $ | — | | |
Tax Fees(2)
|
| | | $ | 253 | | | | | $ | 112 | | |
All Other Fees
|
| | | $ | — | | | | | $ | — | | |
TOTAL
|
| | | $ | 2,217 | | | | | $ | 2,463 | | |