XML 16 R2.htm IDEA: XBRL DOCUMENT v3.25.4
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance
In accordance with rules adopted by the SEC pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive “compensation actually paid” ​(“CAP”) and certain Company performance for the fiscal years listed below. You should refer to our Compensation Discussion & Analysis for a complete description of how executive compensation relates to Company performance and how the Compensation Committee makes its decisions.
Year
​ ​
Summary
Compensation
Table
Total for
Masterman(1)
​ ​
Compensation
Actually
Paid to
Masterman(1)(2)(3)
​ ​
Summary
Compensation
Table
Total for
Abrahamson(1)
​ ​
Compensation
Actually
Paid to
Abrahamson(1)(2)(3)
​ ​
Summary
Compensation
Table
Total for
Asplund(1)
​ ​
Compensation
Actually
Paid to
Asplund(1)(2)(3)
​ ​
Average
Summary
Compensation
Table
Total for
Non-CEO
NEOs(4)
​ ​
Average
Compensation
Actually
Paid to
Non-CEO
NEOs(2)(3)(4)
​ ​
Value of Initial Fixed $100
Investment Based On:
​ ​
Net Income
(in millions)
​ ​
Adjusted
EBITDA(5)
​
​
Brightview
Holdings
​ ​
Russell
2500 Waste &
Disposal
Services
Index
​
(a)
​ ​
(b)
​ ​
(c)
​ ​
(d)
​ ​
(e)
​ ​
(f)
​ ​
(g)
​ ​
(h)
​ ​
(i)
​ ​
(j)
​ ​
(k)
​ ​
(l)
​ ​
(m)
​
2025
​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ $ 6,382,062 ​ ​ ​ ​ $ 2,099,423 ​ ​ ​ ​ $ 1,785,888 ​ ​ ​ ​ $ 876,577 ​ ​ ​ ​ $ 118 ​ ​ ​ ​ $ 181 ​ ​ ​ ​ $ 56.0 ​ ​ ​ ​ $ 352.3 ​ ​
2024
​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ $ 15,775,332 ​ ​ ​ ​ $ 29,850,645 ​ ​ ​ ​ $ 1,677,414 ​ ​ ​ ​ $ 4,235,013 ​ ​ ​ ​ $ 138 ​ ​ ​ ​ $ 186 ​ ​ ​ ​ $ 66.4 ​ ​ ​ ​ $ 324.7 ​ ​
2023
​ ​ ​ $ 8,277,298 ​ ​ ​ ​ $ 1,651,199 ​ ​ ​ ​ $ 2,285,626 ​ ​ ​ ​ $ 2,571,770 ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ $ 2,123,312 ​ ​ ​ ​ $ 2,147,239 ​ ​ ​ ​ $ 68 ​ ​ ​ ​ $ 138 ​ ​ ​ ​ $ (7.7) ​ ​ ​ ​ $ 298.7 ​ ​
2022
​ ​ ​ $ 10,448,714 ​ ​ ​ ​ $ 911,290 ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ $ 1,660,106 ​ ​ ​ ​ $ 822,720 ​ ​ ​ ​ $ 70 ​ ​ ​ ​ $ 114 ​ ​ ​ ​ $ 14 ​ ​ ​ ​ $ 287.9 ​ ​
2021
​ ​ ​ $ 5,713,386 ​ ​ ​ ​ $ 7,983,131 ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ $ 1,837,526 ​ ​ ​ ​ $ 2,317,050 ​ ​ ​ ​ $ 129 ​ ​ ​ ​ $ 141 ​ ​ ​ ​ $ 46.3 ​ ​ ​ ​ $ 302.3 ​ ​
​
(1)
Mr. Masterman served as President and CEO through May 31, 2023, at which time his employment with the Company ended. The Board appointed Mr. Abrahamson to serve as interim President and CEO, effective as of June 1, 2023 through September 30, 2023. Mr. Asplund was appointed as President and CEO effective October 1, 2023.
​
(2)
Deductions from, and additions to, total compensation in the Summary Compensation Table in Fiscal 2025 to calculate Compensation Actually Paid consist of:
​
​ ​ ​
2025
​
​ ​ ​
Dale Asplund
​ ​
Average Non-CEO
NEOs
​
Adjustments for Equity Awards ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Adjustment for grant date values in the Summary Compensation Table
​ ​ ​ $ (4,000,007) ​ ​ ​ ​ $ (761,515) ​ ​
Year-end fair value of unvested awards granted in the current year
​ ​ ​ $ 3,092,908 ​ ​ ​ ​ $ 588,823 ​ ​
Year-over-year difference of year-end fair values for unvested awards granted in prior years
​ ​ ​ $ (3,333,272) ​ ​ ​ ​ $ (301,893) ​ ​
Fair values at vest date for awards granted and vested in current
year
​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​
Difference in fair values between prior year-end fair values and
vest date fair values for awards granted in prior years
​ ​ ​ $ (42,268) ​ ​ ​ ​ $ (434,725) ​ ​
Forfeitures during current year equal to prior year-end fair value
​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​
​ ​ ​
2025
​
​ ​ ​
Dale Asplund
​ ​
Average Non-CEO
NEOs
​
Dividends or dividend equivalents not otherwise included in the
total compensation
​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​
Total Adjustments for Equity Awards
​ ​ ​ $ (4,282,639) ​ ​ ​ ​ $ (909,311) ​ ​
Compensation Actually Paid (as calculated)
​ ​ ​ $ 2,099,423 ​ ​ ​ ​ $ 876,577 ​ ​
​
​
(3)
Equity valuation assumptions for calculating Compensation Actually Paid are not materially different from grant date valuation assumptions.
​
(4)
Non-CEO NEOs reflect the average Summary Compensation Table total compensation and average Compensation Actually Paid for the following executives by fiscal year:
​
2025:   Brett Urban, Jonathan Gottsegen, Amanda Orders, Michael Dozier
2024:   Brett Urban, Jonathan Gottsegen, Amanda Orders, Michael Dozier
2023:   Brett Urban, Jonathan Gottsegen, Amanda Orders, Jamie Gollotto
2022:   John Feenan, Jonathan Gottsegen, Amanda Orders, Tom Donnelly
2021:   John Feenan, Jonathan Gottsegen, Tom Donnelly, Jeff Herold
(5)
See “Non-GAAP Financial Measures” at page 42 of the 2025 Annual Report for the reconciliation of net income to Adjusted EBITDA.
       
Company Selected Measure Name Adjusted EBITDA        
Named Executive Officers, Footnote
(1)
Mr. Masterman served as President and CEO through May 31, 2023, at which time his employment with the Company ended. The Board appointed Mr. Abrahamson to serve as interim President and CEO, effective as of June 1, 2023 through September 30, 2023. Mr. Asplund was appointed as President and CEO effective October 1, 2023.
(4)
Non-CEO NEOs reflect the average Summary Compensation Table total compensation and average Compensation Actually Paid for the following executives by fiscal year:
​
2025:   Brett Urban, Jonathan Gottsegen, Amanda Orders, Michael Dozier
2024:   Brett Urban, Jonathan Gottsegen, Amanda Orders, Michael Dozier
2023:   Brett Urban, Jonathan Gottsegen, Amanda Orders, Jamie Gollotto
2022:   John Feenan, Jonathan Gottsegen, Amanda Orders, Tom Donnelly
2021:   John Feenan, Jonathan Gottsegen, Tom Donnelly, Jeff Herold
       
Adjustment To PEO Compensation, Footnote
(2)
Deductions from, and additions to, total compensation in the Summary Compensation Table in Fiscal 2025 to calculate Compensation Actually Paid consist of:
​
​ ​ ​
2025
​
​ ​ ​
Dale Asplund
​ ​
Average Non-CEO
NEOs
​
Adjustments for Equity Awards ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Adjustment for grant date values in the Summary Compensation Table
​ ​ ​ $ (4,000,007) ​ ​ ​ ​ $ (761,515) ​ ​
Year-end fair value of unvested awards granted in the current year
​ ​ ​ $ 3,092,908 ​ ​ ​ ​ $ 588,823 ​ ​
Year-over-year difference of year-end fair values for unvested awards granted in prior years
​ ​ ​ $ (3,333,272) ​ ​ ​ ​ $ (301,893) ​ ​
Fair values at vest date for awards granted and vested in current
year
​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​
Difference in fair values between prior year-end fair values and
vest date fair values for awards granted in prior years
​ ​ ​ $ (42,268) ​ ​ ​ ​ $ (434,725) ​ ​
Forfeitures during current year equal to prior year-end fair value
​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​
​ ​ ​
2025
​
​ ​ ​
Dale Asplund
​ ​
Average Non-CEO
NEOs
​
Dividends or dividend equivalents not otherwise included in the
total compensation
​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​
Total Adjustments for Equity Awards
​ ​ ​ $ (4,282,639) ​ ​ ​ ​ $ (909,311) ​ ​
Compensation Actually Paid (as calculated)
​ ​ ​ $ 2,099,423 ​ ​ ​ ​ $ 876,577 ​ ​
​
       
Non-PEO NEO Average Total Compensation Amount $ 1,785,888 $ 1,677,414 $ 2,123,312 $ 1,660,106 $ 1,837,526
Non-PEO NEO Average Compensation Actually Paid Amount $ 876,577 4,235,013 2,147,239 822,720 2,317,050
Adjustment to Non-PEO NEO Compensation Footnote
(2)
Deductions from, and additions to, total compensation in the Summary Compensation Table in Fiscal 2025 to calculate Compensation Actually Paid consist of:
​
​ ​ ​
2025
​
​ ​ ​
Dale Asplund
​ ​
Average Non-CEO
NEOs
​
Adjustments for Equity Awards ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Adjustment for grant date values in the Summary Compensation Table
​ ​ ​ $ (4,000,007) ​ ​ ​ ​ $ (761,515) ​ ​
Year-end fair value of unvested awards granted in the current year
​ ​ ​ $ 3,092,908 ​ ​ ​ ​ $ 588,823 ​ ​
Year-over-year difference of year-end fair values for unvested awards granted in prior years
​ ​ ​ $ (3,333,272) ​ ​ ​ ​ $ (301,893) ​ ​
Fair values at vest date for awards granted and vested in current
year
​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​
Difference in fair values between prior year-end fair values and
vest date fair values for awards granted in prior years
​ ​ ​ $ (42,268) ​ ​ ​ ​ $ (434,725) ​ ​
Forfeitures during current year equal to prior year-end fair value
​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​
​ ​ ​
2025
​
​ ​ ​
Dale Asplund
​ ​
Average Non-CEO
NEOs
​
Dividends or dividend equivalents not otherwise included in the
total compensation
​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​
Total Adjustments for Equity Awards
​ ​ ​ $ (4,282,639) ​ ​ ​ ​ $ (909,311) ​ ​
Compensation Actually Paid (as calculated)
​ ​ ​ $ 2,099,423 ​ ​ ​ ​ $ 876,577 ​ ​
​
       
Compensation Actually Paid vs. Total Shareholder Return
CAP vs. BV TSR / BV TSR vs. Peer Group TSR
[MISSING IMAGE: bc_peertsr-4clr.jpg]
       
Compensation Actually Paid vs. Net Income
CAP and Company Net Income
CEO and Average Non-CEO NEO CAP vs. Net Income
[MISSING IMAGE: bc_netincome-4c.jpg]
       
Compensation Actually Paid vs. Company Selected Measure
CAP and Adjusted EBITDA
CEO and Average Non-CEO NEO CAP vs. Adjusted EBITDA
[MISSING IMAGE: bc_adjustedebitda-4clr.jpg]
       
Total Shareholder Return Vs Peer Group
CAP vs. BV TSR / BV TSR vs. Peer Group TSR
[MISSING IMAGE: bc_peertsr-4clr.jpg]
       
Tabular List, Table
Tabular List of Financial Performance Measures
In our assessment, the most important financial performance measures used to link CAP (as calculated in accordance with the SEC rules), to our NEOs in Fiscal 2025 to our performance were:
•
Adjusted EBITDA
​
•
EBITDA Margin
​
•
Organic Revenue Growth
       
Total Shareholder Return Amount $ 118 138 68 70 129
Peer Group Total Shareholder Return Amount 181 186 138 114 141
Net Income (Loss) $ 56,000,000 $ 66,400,000 $ (7,700,000) $ 14,000,000 $ 46,300,000
Company Selected Measure Amount 352.3 324.7 298.7 287.9 302.3
PEO Name Mr. Asplund        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Non-GAAP Measure Description
(5)
See “Non-GAAP Financial Measures” at page 42 of the 2025 Annual Report for the reconciliation of net income to Adjusted EBITDA.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name EBITDA Margin        
Measure:: 3          
Pay vs Performance Disclosure          
Name Organic Revenue Growth        
Dale Asplund Member          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 6,382,062 $ 15,775,332      
PEO Actually Paid Compensation Amount 2,099,423 $ 29,850,645      
Andrew Masterman Member          
Pay vs Performance Disclosure          
PEO Total Compensation Amount     $ 8,277,298 $ 10,448,714 $ 5,713,386
PEO Actually Paid Compensation Amount     1,651,199 $ 911,290 $ 7,983,131
Jim Abrahamson Member          
Pay vs Performance Disclosure          
PEO Total Compensation Amount     2,285,626    
PEO Actually Paid Compensation Amount     $ 2,571,770    
PEO | Dale Asplund Member | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (4,282,639)        
PEO | Dale Asplund Member | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (4,000,007)        
PEO | Dale Asplund 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 3,092,908        
PEO | Dale Asplund 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 (3,333,272)        
PEO | Dale Asplund Member | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Dale Asplund Member | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Dale Asplund Member | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (42,268)        
PEO | Dale Asplund Member | Equity Awards Adjustments Forfeitures During Current Year Equal To Prior Year-End Fair Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (909,311)        
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 (761,515)        
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 588,823        
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 (301,893)        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (434,725)        
Non-PEO NEO | Equity Awards Adjustments Forfeitures During Current Year Equal To Prior Year-End Fair Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0