Subsequent Events

12 Months Ended

Dec. 31, 2024

Subsequent Events [Abstract]

Subsequent Events

16.SUBSEQUENT EVENTS

Executive RSU and PSU Awards

Effective February 21, 2025, the Compensation Committee of the Board of Directors granted the following awards of PSUs and RSUs to the Company’s executive officers (dollars in millions):

Name	Target PSU Value(1)	RSU Value
Chad Richison	$9.0	$9.0
Bob Foster	$2.0	$2.0
Bradley S. Smith	$2.0	$2.0
Randy Peck	$1.75	$1.75
Amy Walker	$1.75	$1.75
Jason D. Clark	$0.2	$0.2

(1)“Target PSU Value” assumes achievement of the maximum performance level.

The number of PSUs that will vest and be converted into shares of common stock will be based on the achievement of a total revenues performance target. The RSUs will vest in three substantially equal tranches on February 5, 2026, February 5, 2027, and

February 5, 2028, provided that the executive officer is employed by, or providing services to, the Company on the applicable vesting date.

Chief Financial Officer Transition

On February 12, 2025, the Board of Directors appointed Bob Foster as Chief Financial Officer of the Company, effective immediately following Craig Boelte’s retirement on February 21, 2025.