Pay vs Performance Disclosure, Table |
Pay versus Performance Disclosure
Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, under the Securities Act prescribes the disclosure included in this section and does not necessarily align with how the Company views the link between the Company’s performance and NEO pay. Compensation actually paid (CAP), as determined under SEC requirements, does not reflect the actual amount of compensation earned by or paid to our NEOs during a covered fiscal year. Instead, CAP has been calculated in accordance with the new SEC rules, which include measurement of the changes in the fair value of equity awards. CAP is a supplemental measure to be viewed alongside, not in replacement of, performance measures, and for further information concerning the Company’s pay-for-performance philosophy and how the Company aligns executive compensation with the Company’s performance, please refer to the Compensation Discussion and Analysis.
Pay versus Performance Table
| | | | | | | | | | | | | | | | | | | | | Value of Initial Fixed $100 Invested Based On: | | | | | | | | | | | Year1 | | | | SCT Total Compensation for CEO | | | | Compensation Actually Paid to CEO2 | | | | Average SCT Total Compensation for Other NEOs | | | | Average Compensation Actually Paid to Other NEOs3 | | | | Company TSR | | | | Peer Group4 | | | | Net Income ($M) | | | | Revenue ($M)5 | | | 2023 | | | | $11,885,517 | | | | $16,020,470 | | | | $2,595,666 | | | | $3,337,863 | | | | $169.64 | | | | $173.28 | | | | $273.4 | | | | $4,522.6 | | | 2022 | | | | $10,331,897 | | | | $9,306,681 | | | | $2,318,379 | | | | $2,065,988 | | | | $142.49 | | | | $140.27 | | | | $263.1 | | | | $3,504.0 | | | 2021 | | | | $7,908,335 | | | | $18,481,077 | | | | $2,109,249 | | | | $3,740,891 | | | | $167.37 | | | | $124.91 | | | | $232.8 | | | | $3,212.5 | |
Notes:
1 The CEO and other NEOs for the indicated years were as follows: (i) for 2023, our CEO was Batrack and our other NEOs were Burdick, Shoemaker, Hopson, and Argus, (ii) for 2022, our CEO was Batrack and our other NEOs were Burdick, Shoemaker, Amidon, and Hopson, (iii) and for 2021, our CEO was Batrack and our other NEOs were Burdick, Shoemaker, Argus, and Hopson.
2 Amounts reported in this column are based on total compensation reported for our CEO in the Summary Compensation Table for the indicated fiscal years and adjusted as shown in the tables below. Fair value of equity awards was computed in accordance with the Company’s methodology used for financial reporting purposes.
| Fiscal Year | | | | Summary Compensation Table Total | | | | Adjustment to Summary Compensation Table Totala | | | | Compensation Actually Paid | | | 2023 | | | | $11,885,517 | | | | $4,134,952 | | | | $16,020,470 | | | 2022 | | | | $10,331,897 | | | | ($1,025,216) | | | | $9,306,681 | | | 2021 | | | | $7,908,335 | | | | $10,572,742 | | | | $18,481,077 | |
a See table below for calculation of Adjustment to Summary Compensation Table Total
| Fiscal Year | | | | Deduction of Grant Date Fair Value of Current Year Equity Awards | | | | Addition of Fair Value of Current Year Equity Awards at FYE | | | | Additions (Deductions) for Change in Value of Prior Years’ Awards Unvested at FYE | | | | Additions (Deductions) for Change in Value of Prior Years’ Awards That Vested in Fiscal Year | | | | Dollar Value of Dividends not Otherwise Reflected in the Fair Value for Covered Fiscal Year | | | | Adjustment to Summary Compensation Table Total | | | 2023 | | | | ($6,859,003) | | | | $6,239,770 | | | | $2,833,515 | | | | $1,853,143 | | | | $67,527 | | | | $4,134,952 | | | 2022 | | | | ($6,281,608) | | | | $3,979,305 | | | | ($1,831,074) | | | | $3,024,666 | | | | $83,495 | | | | ($1,025,216) | | | 2021 | | | | ($4,601,813) | | | | $5,668,783 | | | | $6,914,928 | | | | $2,516,496 | | | | $74,348 | | | | $10,572,742 | |
3 Amounts reported in this column are based on the average of the total compensation reported for our other NEOs in the Summary Compensation Table for the indicated fiscal years and adjusted as shown in the tables below. Fair value of equity awards was computed in accordance with the Company’s methodology used for financial reporting purposes. | Fiscal Year | | | | Average Summary Compensation Table Total | | | | Adjustment to Average Summary Compensation Table Totalb | | | | Average Compensation Actually Paid | | | 2023 | | | | $2,595,666 | | | | $742,198 | | | | $3,337,863 | | | 2022 | | | | $2,318,379 | | | | ($252,392) | | | | $2,065,988 | | | 2021 | | | | $2,109,249 | | | | $1,631,643 | | | | $3,740,891 | |
b See table below for calculation of Adjustment to Average Summary Compensation Table Total
| Fiscal Year | | | | Deduction of Grant Date Fair Value of Current Year Equity | | | | Addition of Fair Value of Current Year Equity Awards at FYE | | | | Additions (Deductions) for Change in Value of Prior Years’ Awards Unvested at FYE | | | | Additions (Deductions) for Change in Value of Prior Years’ Awards That Vested in Fiscal Year | | | | Dollar Value of Dividends not Otherwise Reflected in the Fair Value for Covered Fiscal Year | | | | Adjustment to Summary Compensation Table Total | | | 2023 | | | | ($1,028,804) | | | | $935,927 | | | | $520,160 | | | | $303,504 | | | | $11,411 | | | | $742,198 | | | 2022 | | | | ($1,024,644) | | | | $649,101 | | | | ($335,039) | | | | $441,571 | | | | $16,620 | | | | ($252,392) | | | 2021 | | | | ($934,781) | | | | $1,151,515 | | | | $1,068,729 | | | | $333,464 | | | | $12,715 | | | | $1,631,643 | |
4 For each indicated covered year, the peer group was composed of the following companies:
FY 2021: Booz Allen Hamilton Holding Co., CACI International, Dycom Industries, FTI Consulting, ICF International, KBR Inc., Leidos Holdings, ManTech International Corp., Parsons Corp., Science Applications International, Stantec Inc., and WSP Global
FY 2022: Booz Allen Hamilton Holding Co., CACI International, Dycom Industries, FTI Consulting, ICF International, KBR Inc., Leidos Holdings, Parsons Corp., Science Applications International, Stantec Inc., and WSP Global
FY 2023: Booz Allen Hamilton Holding Co., CACI International, Dycom Industries, FTI Consulting, ICF International, KBR Inc., Leidos Holdings, Parsons Corp., Science Applications International, Stantec Inc., and WSP Global
5 In accordance with SEC rules, the Company is required to include in the Pay versus Performance table the “most important” financial performance measure (as determined by the Company) used to link compensation actually paid to our named executive officers to Company performance for the most recently completed fiscal year. The Company determined revenue, which is a metric included in our incentive program, meets this requirement and therefore, we have included this performance measure in the Pay versus Performance table.
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Peer Group Issuers, Footnote |
4 For each indicated covered year, the peer group was composed of the following companies:
FY 2021: Booz Allen Hamilton Holding Co., CACI International, Dycom Industries, FTI Consulting, ICF International, KBR Inc., Leidos Holdings, ManTech International Corp., Parsons Corp., Science Applications International, Stantec Inc., and WSP Global
FY 2022: Booz Allen Hamilton Holding Co., CACI International, Dycom Industries, FTI Consulting, ICF International, KBR Inc., Leidos Holdings, Parsons Corp., Science Applications International, Stantec Inc., and WSP Global
FY 2023: Booz Allen Hamilton Holding Co., CACI International, Dycom Industries, FTI Consulting, ICF International, KBR Inc., Leidos Holdings, Parsons Corp., Science Applications International, Stantec Inc., and WSP Global
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Adjustment To PEO Compensation, Footnote |
2 Amounts reported in this column are based on total compensation reported for our CEO in the Summary Compensation Table for the indicated fiscal years and adjusted as shown in the tables below. Fair value of equity awards was computed in accordance with the Company’s methodology used for financial reporting purposes. | Fiscal Year | | | | Summary Compensation Table Total | | | | Adjustment to Summary Compensation Table Totala | | | | Compensation Actually Paid | | | 2023 | | | | $11,885,517 | | | | $4,134,952 | | | | $16,020,470 | | | 2022 | | | | $10,331,897 | | | | ($1,025,216) | | | | $9,306,681 | | | 2021 | | | | $7,908,335 | | | | $10,572,742 | | | | $18,481,077 | |
a See table below for calculation of Adjustment to Summary Compensation Table Total
| Fiscal Year | | | | Deduction of Grant Date Fair Value of Current Year Equity Awards | | | | Addition of Fair Value of Current Year Equity Awards at FYE | | | | Additions (Deductions) for Change in Value of Prior Years’ Awards Unvested at FYE | | | | Additions (Deductions) for Change in Value of Prior Years’ Awards That Vested in Fiscal Year | | | | Dollar Value of Dividends not Otherwise Reflected in the Fair Value for Covered Fiscal Year | | | | Adjustment to Summary Compensation Table Total | | | 2023 | | | | ($6,859,003) | | | | $6,239,770 | | | | $2,833,515 | | | | $1,853,143 | | | | $67,527 | | | | $4,134,952 | | | 2022 | | | | ($6,281,608) | | | | $3,979,305 | | | | ($1,831,074) | | | | $3,024,666 | | | | $83,495 | | | | ($1,025,216) | | | 2021 | | | | ($4,601,813) | | | | $5,668,783 | | | | $6,914,928 | | | | $2,516,496 | | | | $74,348 | | | | $10,572,742 | |
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Adjustment to Non-PEO NEO Compensation Footnote |
3 Amounts reported in this column are based on the average of the total compensation reported for our other NEOs in the Summary Compensation Table for the indicated fiscal years and adjusted as shown in the tables below. Fair value of equity awards was computed in accordance with the Company’s methodology used for financial reporting purposes. | Fiscal Year | | | | Average Summary Compensation Table Total | | | | Adjustment to Average Summary Compensation Table Totalb | | | | Average Compensation Actually Paid | | | 2023 | | | | $2,595,666 | | | | $742,198 | | | | $3,337,863 | | | 2022 | | | | $2,318,379 | | | | ($252,392) | | | | $2,065,988 | | | 2021 | | | | $2,109,249 | | | | $1,631,643 | | | | $3,740,891 | |
b See table below for calculation of Adjustment to Average Summary Compensation Table Total
| Fiscal Year | | | | Deduction of Grant Date Fair Value of Current Year Equity | | | | Addition of Fair Value of Current Year Equity Awards at FYE | | | | Additions (Deductions) for Change in Value of Prior Years’ Awards Unvested at FYE | | | | Additions (Deductions) for Change in Value of Prior Years’ Awards That Vested in Fiscal Year | | | | Dollar Value of Dividends not Otherwise Reflected in the Fair Value for Covered Fiscal Year | | | | Adjustment to Summary Compensation Table Total | | | 2023 | | | | ($1,028,804) | | | | $935,927 | | | | $520,160 | | | | $303,504 | | | | $11,411 | | | | $742,198 | | | 2022 | | | | ($1,024,644) | | | | $649,101 | | | | ($335,039) | | | | $441,571 | | | | $16,620 | | | | ($252,392) | | | 2021 | | | | ($934,781) | | | | $1,151,515 | | | | $1,068,729 | | | | $333,464 | | | | $12,715 | | | | $1,631,643 | |
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