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Pay vs Performance Disclosure - USD ($)
6 Months Ended 12 Months Ended
Dec. 31, 2022
Jun. 30, 2022
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure              
Pay vs Performance Disclosure, Table    

PAY VERSUS PERFORMANCE

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) and Item 402(v) of Regulation S-K, the table below sets forth information about the relationship between compensation actually paid (“CAP”) to the our principal executive officer ("PEO") and non-PEO NEOs and certain financial performance measures of the Company and how the Company aligns executive compensation with the Company's performance. Included in our historical analysis is the compensation for former NEOs Mr. Teunissen and Mss. Soni and Nelson, who are no longer with the Company. For further information concerning the Company’s variable pay-for-performance philosophy and how the Company aligns executive compensation with Company performance, refer to the “Compensation Discussion and Analysis” section of this proxy statement.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value of Initial Fixed $100
Investment Based On:

 

 

 

 

 

Year (1)

 

Summary
Compensation
Table Total
for Mr. Goldberg
PEO ($)
(2)

 

Compensation
Actually Paid
to Mr. Goldberg
PEO ($)
(3)

 

Summary
Compensation
Table Total
for Mr. Kaufer
PEO ($)
(2)

 

Compensation
Actually Paid
to Mr. Kaufer
PEO ($)
(3)

 

Average
Summary
Compensation
Table Total
for Non-PEO
NEOs ($)
(2)

 

Average
Compensation
Actually Paid
to Non-PEO
NEOs ($)
(3)

 

Total
Shareholder
Return ($)
(4)

 

Peer Group
Total
Shareholder
Return ($)
(5)

 

Net
Income (Loss) ($) (in millions)

 

Adjusted EBITDA ($) (in millions) (6)

 

(a)

 

(b)

 

(c)

 

(b)

 

(c)

 

(d)

 

(e)

 

(f)

 

(g)

 

(h)

 

(i)

 

2024

 

10,034,887

 

1,627,911

 

 

 

3,804,067

 

968,040

 

48.62

 

158.48

 

5

 

339

 

2023

 

1,942,733

 

1,405,194

 

 

 

2,222,758

 

1,936,385

 

70.87

 

118.93

 

10

 

334

 

2022

 

14,496,745

 

13,353,650

 

497,535

 

(5,949,665)

 

3,009,827

 

749,754

 

59.18

 

81.50

 

20

 

295

 

2021

 

 

 

7,676,612

 

8,686,111

 

3,161,228

 

2,326,196

 

89.73

 

134.41

 

(148)

 

100

 

2020

 

 

 

919,464

 

(4,013,595)

 

3,800,054

 

3,528,452

 

94.73

 

137.32

 

(289)

 

(51)

 

(1)
Mr. Goldberg became the PEO on July 1, 2022. Mr. Kaufer served as PEO for a portion of Fiscal 2022 and the entirety of Fiscal 2021 and 2020. Our Non-PEO NEOs for the applicable years were as follows: (i) for Fiscal 2024: Messrs. Noonan and Kalvert; (ii) for Fiscal 2023: Messrs. Noonan, Kalvert and Teunissen and Ms. Soni; (iii) for Fiscal 2022: Messrs. Noonan, Kalvert and Teunissen and Mss. Soni and Nelson; (iv) for Fiscal 2021: Messrs. Kalvert and Teunissen and Mss. Soni and Nelson; and (v) for Fiscal 2020: Messrs. Kalvert and Teunissen and Mss. Soni and Nelson.
(2)
Amounts reported in these columns represent: (i) the total compensation reported in the Summary Compensation Table for the applicable fiscal year in the case of our PEOs; and (ii) the average of the total compensation reported in the Summary Compensation Table for the applicable fiscal year for our Non-PEO NEOs.
(3)
Amounts reported in these columns represent CAP; adjustments were made to the amounts reported in the Summary Compensation Table for the applicable fiscal year. A reconciliation of the adjustments for our PEOs and the average of the Non-PEO NEOs is set forth in the tables below, which describe the adjustments, each of which is prescribed by the SEC rules, to calculate the CAP amounts from the amounts described in the Summary Compensation Table.
(4)
Total Shareholder Return ("TSR") is cumulative for the measurement periods ending December 31, 2024, 2023, 2022, 2021 and 2020.
(5)
The Company's Peer Group represents the Research Data Group ("RDG") Internet Composite Index, which is a published industry index used by the Company for purposes of compliance with Item 201(e) of Regulation S-K.
(6)
Adjusted EBITDA, a non-GAAP financial measure, is the Company's selected measure. Refer to our 2024 Annual Report for a reconciliation of adjusted EBITDA to Net Income, the most directly comparable financial measure calculated and presented in accordance with US GAAP.

 

 

Mr. Goldberg

 

Mr. Kaufer

 

Compensation Actually Paid to PEO

 

2024 ($)

2023 ($)

2022 ($)

 

2022 ($)

 

2021 ($)

 

2020 ($)

 

Summary Compensation Table Total

 

10,034,887

1,942,733

14,496,745

 

497,535

 

7,676,612

 

919,464

 

Deductions for Grant Date Fair Value of Stock Awards and Option Awards reported in Summary Compensation Table

 

(8,085,804)

(13,025,860)

 

 

(6,402,979)

 

 

Addition of Year-End Fair Value Awards Granted in the Applicable Fiscal Year that are Outstanding and Unvested

 

3,375,095

11,882,765

 

 

6,080,847

 

 

Additions (Deductions) for Change in Fair Value of Awards Granted in Prior Fiscal Years' That Vested in the Applicable Fiscal Year

 

(138,605)

(410,526)

 

(3,760,236)

 

4,048,455

 

(90,102)

 

Deduction of Fair Value of Prior Fiscal Years' Awards Forfeited During the Fiscal Year

 

 

(871,802)

 

(1,720,411)

 

(3,309,310)

 

Additions (Deductions) for Change in Fair Value of Prior Fiscal Years' Awards Unvested at Fiscal Year End

 

(3,557,662)

(127,013)

 

(1,815,162)

 

(996,413)

 

(1,533,647)

 

Compensation Actually Paid to PEO

 

1,627,911

1,405,194

13,353,650

 

(5,949,665)

 

8,686,111

 

(4,013,595)

 

 

 

Average Compensation Actually Paid to Non-PEO NEOs

 

2024 ($)

2023 ($)

2022 ($)

 

2021 ($)

 

2020 ($)

 

Summary Compensation Table Total

 

3,804,067

2,222,758

3,009,827

 

3,161,228

 

3,800,054

 

Deductions for Grant Date Fair Value of Stock Awards and Option Awards reported in Summary Compensation Table

 

(2,801,865)

(1,504,585)

(2,049,980)

 

(2,299,953)

 

(2,959,675)

 

Addition of Year-End Fair Value Awards Granted in the Applicable Fiscal Year that are Outstanding and Unvested

 

1,070,653

1,265,320

966,987

 

1,182,594

 

3,355,258

 

Additions (Deductions) for Change in Fair Value of Awards Granted in Prior Fiscal Years' That Vested in the Applicable Fiscal Year

 

(67,560)

49,618

103,337

 

749,321

 

(331,270)

 

Deduction of Fair Value of Prior Fiscal Years' Awards Forfeited During the Fiscal Year

 

(140,175)

(106,930)

 

(14,848)

 

(132,578)

 

Additions (Deductions) for Change in Fair Value of Prior Fiscal Years' Awards Unvested at Fiscal Year End

 

(1,037,255)

43,449

(1,173,486)

 

(452,146)

 

(203,337)

 

Average Compensation Actually Paid to Non-PEO NEOs

 

968,040

1,936,385

749,754

 

2,326,196

 

3,528,452

 

 

       
Company Selected Measure Name     Adjusted EBITDA        
Named Executive Officers, Footnote    
(1)
Mr. Goldberg became the PEO on July 1, 2022. Mr. Kaufer served as PEO for a portion of Fiscal 2022 and the entirety of Fiscal 2021 and 2020. Our Non-PEO NEOs for the applicable years were as follows: (i) for Fiscal 2024: Messrs. Noonan and Kalvert; (ii) for Fiscal 2023: Messrs. Noonan, Kalvert and Teunissen and Ms. Soni; (iii) for Fiscal 2022: Messrs. Noonan, Kalvert and Teunissen and Mss. Soni and Nelson; (iv) for Fiscal 2021: Messrs. Kalvert and Teunissen and Mss. Soni and Nelson; and (v) for Fiscal 2020: Messrs. Kalvert and Teunissen and Mss. Soni and Nelson.
       
Adjustment To PEO Compensation, Footnote    

 

Mr. Goldberg

 

Mr. Kaufer

 

Compensation Actually Paid to PEO

 

2024 ($)

2023 ($)

2022 ($)

 

2022 ($)

 

2021 ($)

 

2020 ($)

 

Summary Compensation Table Total

 

10,034,887

1,942,733

14,496,745

 

497,535

 

7,676,612

 

919,464

 

Deductions for Grant Date Fair Value of Stock Awards and Option Awards reported in Summary Compensation Table

 

(8,085,804)

(13,025,860)

 

 

(6,402,979)

 

 

Addition of Year-End Fair Value Awards Granted in the Applicable Fiscal Year that are Outstanding and Unvested

 

3,375,095

11,882,765

 

 

6,080,847

 

 

Additions (Deductions) for Change in Fair Value of Awards Granted in Prior Fiscal Years' That Vested in the Applicable Fiscal Year

 

(138,605)

(410,526)

 

(3,760,236)

 

4,048,455

 

(90,102)

 

Deduction of Fair Value of Prior Fiscal Years' Awards Forfeited During the Fiscal Year

 

 

(871,802)

 

(1,720,411)

 

(3,309,310)

 

Additions (Deductions) for Change in Fair Value of Prior Fiscal Years' Awards Unvested at Fiscal Year End

 

(3,557,662)

(127,013)

 

(1,815,162)

 

(996,413)

 

(1,533,647)

 

Compensation Actually Paid to PEO

 

1,627,911

1,405,194

13,353,650

 

(5,949,665)

 

8,686,111

 

(4,013,595)

 

 

       
Non-PEO NEO Average Total Compensation Amount     $ 3,804,067 $ 2,222,758 $ 3,009,827 $ 3,161,228 $ 3,800,054
Non-PEO NEO Average Compensation Actually Paid Amount     $ 968,040 1,936,385 749,754 2,326,196 3,528,452
Adjustment to Non-PEO NEO Compensation Footnote    

Average Compensation Actually Paid to Non-PEO NEOs

 

2024 ($)

2023 ($)

2022 ($)

 

2021 ($)

 

2020 ($)

 

Summary Compensation Table Total

 

3,804,067

2,222,758

3,009,827

 

3,161,228

 

3,800,054

 

Deductions for Grant Date Fair Value of Stock Awards and Option Awards reported in Summary Compensation Table

 

(2,801,865)

(1,504,585)

(2,049,980)

 

(2,299,953)

 

(2,959,675)

 

Addition of Year-End Fair Value Awards Granted in the Applicable Fiscal Year that are Outstanding and Unvested

 

1,070,653

1,265,320

966,987

 

1,182,594

 

3,355,258

 

Additions (Deductions) for Change in Fair Value of Awards Granted in Prior Fiscal Years' That Vested in the Applicable Fiscal Year

 

(67,560)

49,618

103,337

 

749,321

 

(331,270)

 

Deduction of Fair Value of Prior Fiscal Years' Awards Forfeited During the Fiscal Year

 

(140,175)

(106,930)

 

(14,848)

 

(132,578)

 

Additions (Deductions) for Change in Fair Value of Prior Fiscal Years' Awards Unvested at Fiscal Year End

 

(1,037,255)

43,449

(1,173,486)

 

(452,146)

 

(203,337)

 

Average Compensation Actually Paid to Non-PEO NEOs

 

968,040

1,936,385

749,754

 

2,326,196

 

3,528,452

 

       
Compensation Actually Paid vs. Total Shareholder Return    

The chart below reflects the relationship between our TSR and our Peer Group TSR, as well as the relationship between CAP and our TSR for the PEO and non-PEOs for the fiscal years ended December 31, 2020, 2021, 2022, 2023 and 2024. TSR amounts reported in graphs assume an initial fixed investment of $100.00 on January 1, 2020, and that all dividends, if any, were reinvested.

 

img267030666_20.jpg

       
Compensation Actually Paid vs. Net Income    

The chart below reflects the relationship between the PEO and average non-PEOs CAP and our Net Income for the fiscal years ended December 31, 2020, 2021, 2022, 2023 and 2024.

img267030666_19.jpg

       
Compensation Actually Paid vs. Company Selected Measure    

The chart below reflects the relationship between the PEO and average non-PEO NEOs and the Company's Adjusted EBITDA for the years ended December 31, 2020, 2021, 2022, 2023 and 2024.

img267030666_21.jpg

       
Total Shareholder Return Vs Peer Group    

The chart below reflects the relationship between our TSR and our Peer Group TSR, as well as the relationship between CAP and our TSR for the PEO and non-PEOs for the fiscal years ended December 31, 2020, 2021, 2022, 2023 and 2024. TSR amounts reported in graphs assume an initial fixed investment of $100.00 on January 1, 2020, and that all dividends, if any, were reinvested.

 

img267030666_20.jpg

       
Tabular List, Table    

The following is a list of our most important performance measures used by us to link CAP to our NEOs to Company performance for Fiscal 2024. Each metric below is used for purposes of determining payouts under either our annual incentive program or vesting of our PSUs. The performance measures included in this table are not ranked by relative importance.

Adjusted EBITDA

Revenue

Stock Price

       
Total Shareholder Return Amount     $ 48.62 70.87 59.18 89.73 94.73
Peer Group Total Shareholder Return Amount     158.48 118.93 81.5 134.41 137.32
Net Income (Loss)     $ 5,000,000 $ 10,000,000 $ 20,000,000 $ (148,000,000) $ (289,000,000)
Company Selected Measure Amount     339,000,000 334,000,000 295,000,000 100,000,000 (51,000,000)
Measure:: 1              
Pay vs Performance Disclosure              
Name     Adjusted EBITDA        
Non-GAAP Measure Description     Adjusted EBITDA, a non-GAAP financial measure, is the Company's selected measure. Refer to our 2024 Annual Report for a reconciliation of adjusted EBITDA to Net Income, the most directly comparable financial measure calculated and presented in accordance with US GAAP.        
Measure:: 2              
Pay vs Performance Disclosure              
Name     Revenue        
Measure:: 3              
Pay vs Performance Disclosure              
Name     Stock Price        
Mr. Goldberg [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount     $ 10,034,887 $ 1,942,733 $ 14,496,745 $ 0 $ 0
PEO Actually Paid Compensation Amount     $ 1,627,911 $ 1,405,194 13,353,650 0 0
PEO Name Mr. Goldberg   Mr. Goldberg Mr. Goldberg      
Mr. Kaufer [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount     $ 0 $ 0 497,535 7,676,612 919,464
PEO Actually Paid Compensation Amount     0 0 (5,949,665) $ 8,686,111 $ (4,013,595)
PEO Name   Mr. Kaufer       Mr. Kaufer Mr. Kaufer
PEO | Mr. Goldberg [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (8,085,804) 0 (13,025,860)    
PEO | Mr. Goldberg [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     3,375,095 0 11,882,765    
PEO | Mr. Goldberg [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (3,557,662) (127,013) 0    
PEO | Mr. Goldberg [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (138,605) (410,526) 0    
PEO | Mr. Goldberg [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 0 0    
PEO | Mr. Kaufer [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount         0 $ (6,402,979) $ 0
PEO | Mr. Kaufer [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount         0 6,080,847 0
PEO | Mr. Kaufer [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount         (1,815,162) (996,413) (1,533,647)
PEO | Mr. Kaufer [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount         (3,760,236) 4,048,455 (90,102)
PEO | Mr. Kaufer [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount         (871,802) (1,720,411) (3,309,310)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (2,801,865) (1,504,585) (2,049,980) (2,299,953) (2,959,675)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     1,070,653 1,265,320 966,987 1,182,594 3,355,258
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (1,037,255) 43,449 (1,173,486) (452,146) (203,337)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (67,560) 49,618 103,337 749,321 (331,270)
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     $ 0 $ (140,175) $ (106,930) $ (14,848) $ (132,578)