Definitive proxy statements

Pay vs Performance Disclosure

v3.25.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Year
Summary
Compensation
Table Total for

PEO1
($)
Compensation
Actually Paid
to PEO
1,2,3
($)
Average
Summary
Compensation
Table Total
for Non-PEO
NEOs
1
($)
Average
Compensation
Actually Paid
to Non-PEO
NEOs
1,2,3
($)
Value of Initial Fixed $100
Investment based on:
4
Net
Income
5
($ Millions)
Adjusted
EBITDA6
($ Millions)
TSR
($)
Peer Group
TSR
($)
2024
14,797,899 13,122,570 6,559,117 6,944,842 181.88 117.82 607 1,836
2023
13,049,808 32,135,116 6,197,654 8,375,169 176.48 97.78 552 1,694
2022
37,245,853 (19,023,223) 3,705,930 (4,976,312) 138.71 96.11 700 1,722
2021
16,065,575 84,901,421 3,997,020 13,836,953 208.96 115.44 749 1,670
2020
13,701,224 50,134,364 3,470,581 8,371,189 137.62 88.19 526 1,495
1
Mark W. Begor was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year are listed below.
2020-2021
2022
2023
2024
John W. Gamble, Jr.
John W. Gamble, Jr.
John W. Gamble, Jr.
John W. Gamble, Jr.
Rodolfo O. Ploder
Rodolfo O. Ploder
Rodolfo O. Ploder
Chad M. Borton
Sid Singh
Sid Singh
Bryson R. Koehler
Todd Horvath
Bryson R. Koehler
Bryson R. Koehler
Todd Horvath
Jamil Farshchi
John J. Kelley III
Rodolfo O. Ploder
2
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table total with certain adjustments as described in footnote 3 below.
3
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table. Amounts in the Exclusion of Change in Pension Value column reflect the amounts attributable to the Change in Pension Value reported in the Summary Compensation Table. Amounts in the Inclusion of Pension Service Cost are based on the service cost for services rendered during the listed year.
Year
Summary
Compensation
Table Total for

PEO
($)
Exclusion of
Change in
Pension Value for

PEO
($)
Exclusion of
Stock Awards and
Option Awards
for PEO

($)
Inclusion
of Pension
Service Cost
for PEO

($)
Inclusion of
Equity Values
for PEO

($)
Compensation
Actually Paid to

PEO
($)
2024
14,797,899 (11,006,200) 9,330,871 13,122,570
Year
Average Summary
Compensation
Table Total for Non-
PEO NEOs

($)
Average Exclusion of
Change in Pension
Value for Non-PEO
NEOs

($)
Average Exclusion
of Stock Awards
and Option
Awards for Non-
PEO NEOs

($)
Average
Inclusion of
Pension Service
Cost for Non-PEO
NEOs

($)
Average Inclusion
of Equity Values for
Non-PEO NEOs

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

($)
2024
6,559,117 (9,460) (4,890,283) 117,960 5,170,656 6,944,842
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
Year
Year-End Fair
Value of Equity
Awards Granted
During Year
That Remained
Unvested as of
Last Day of Year
for PEO

($)
Change in Fair
Value from Last
Day of Prior
Year to Last
Day of Year of
Unvested Equity
Awards for PEO

($)
Vesting-Date
Fair Value of
Equity Awards
Granted During
Year that
Vested During
Year for PEO

($)
Change in Fair
Value from
Last Day of
Prior Year to
Vesting Date of
Unvested Equity
Awards that
Vested During
Year for PEO

($)
Fair Value at
Last Day of
Prior Year of
Equity Awards
Forfeited
During Year
for PEO

($)
Value of
Dividends
or Other
Earnings Paid
on Equity
Awards Not
Otherwise
Included for

PEO
($)
Total - Inclusion of
Equity Values for

PEO
($)
2024
10,356,930 (1,470,945) 0 444,886 0 0 9,330,871
Year
Average
Year-End Fair
Value of Equity
Awards Granted
During Year
That Remained
Unvested as of
Last Day of Year
for Non-PEO
NEOs

($)
Average Change
in Fair Value
from Last Day
of Prior Year to
Last Day of Year
of Unvested
Equity Awards
for Non-PEO
NEOs

($)
Average
Vesting-Date
Fair Value of
Equity Awards
Granted During
Year that
Vested During
Year for Non-
PEO NEOs

($)
Average Change
in Fair Value
from Last Day
of Prior Year to
Vesting Date of
Unvested Equity
Awards that
Vested During
Year for Non-
PEO NEOs

($)
Average Fair
Value at
Last Day of
Prior Year of
Equity Awards
Forfeited
During Year
for Non-PEO
NEOs

($)
Average Value
of Dividends
or Other
Earnings Paid
on Equity
Awards Not
Otherwise
Included for
Non-PEO
NEOs

($)
Total - Average
Inclusion of
Equity Values for
Non-PEO NEOs

($)
2024
4,977,863 210,382 0 (17,589) 0 0 5,170,656
4
The Peer Group TSR set forth in this table utilizes the S&P 500 Banks Index (Industry Group), which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2024. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the S&P 500 Banks Index (Industry Group), respectively. Historical stock performance is not necessarily indicative of future stock performance.
5
This column presents the Company’s consolidated net income as reported in our Form 10-K for each covered year.
6
We determined Adjusted EBITDA to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in 2024. Adjusted EBITDA is a non-GAAP financial measure defined in Annex A to this Proxy Statement.
       
Company Selected Measure Name Adjusted EBITDA        
Named Executive Officers, Footnote
1
Mark W. Begor was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year are listed below.
2020-2021
2022
2023
2024
John W. Gamble, Jr.
John W. Gamble, Jr.
John W. Gamble, Jr.
John W. Gamble, Jr.
Rodolfo O. Ploder
Rodolfo O. Ploder
Rodolfo O. Ploder
Chad M. Borton
Sid Singh
Sid Singh
Bryson R. Koehler
Todd Horvath
Bryson R. Koehler
Bryson R. Koehler
Todd Horvath
Jamil Farshchi
John J. Kelley III
Rodolfo O. Ploder
       
Peer Group Issuers, Footnote
4
The Peer Group TSR set forth in this table utilizes the S&P 500 Banks Index (Industry Group), which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2024. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the S&P 500 Banks Index (Industry Group), respectively. Historical stock performance is not necessarily indicative of future stock performance.
       
PEO Total Compensation Amount $ 14,797,899 $ 13,049,808 $ 37,245,853 $ 16,065,575 $ 13,701,224
PEO Actually Paid Compensation Amount $ 13,122,570 32,135,116 (19,023,223) 84,901,421 50,134,364
Adjustment To PEO Compensation, Footnote
2
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table total with certain adjustments as described in footnote 3 below.
3
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table. Amounts in the Exclusion of Change in Pension Value column reflect the amounts attributable to the Change in Pension Value reported in the Summary Compensation Table. Amounts in the Inclusion of Pension Service Cost are based on the service cost for services rendered during the listed year.
Year
Summary
Compensation
Table Total for

PEO
($)
Exclusion of
Change in
Pension Value for

PEO
($)
Exclusion of
Stock Awards and
Option Awards
for PEO

($)
Inclusion
of Pension
Service Cost
for PEO

($)
Inclusion of
Equity Values
for PEO

($)
Compensation
Actually Paid to

PEO
($)
2024
14,797,899 (11,006,200) 9,330,871 13,122,570
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
Year
Year-End Fair
Value of Equity
Awards Granted
During Year
That Remained
Unvested as of
Last Day of Year
for PEO

($)
Change in Fair
Value from Last
Day of Prior
Year to Last
Day of Year of
Unvested Equity
Awards for PEO

($)
Vesting-Date
Fair Value of
Equity Awards
Granted During
Year that
Vested During
Year for PEO

($)
Change in Fair
Value from
Last Day of
Prior Year to
Vesting Date of
Unvested Equity
Awards that
Vested During
Year for PEO

($)
Fair Value at
Last Day of
Prior Year of
Equity Awards
Forfeited
During Year
for PEO

($)
Value of
Dividends
or Other
Earnings Paid
on Equity
Awards Not
Otherwise
Included for

PEO
($)
Total - Inclusion of
Equity Values for

PEO
($)
2024
10,356,930 (1,470,945) 0 444,886 0 0 9,330,871
       
Non-PEO NEO Average Total Compensation Amount $ 6,559,117 6,197,654 3,705,930 3,997,020 3,470,581
Non-PEO NEO Average Compensation Actually Paid Amount $ 6,944,842 8,375,169 (4,976,312) 13,836,953 8,371,189
Adjustment to Non-PEO NEO Compensation Footnote
2
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table total with certain adjustments as described in footnote 3 below.
3
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table. Amounts in the Exclusion of Change in Pension Value column reflect the amounts attributable to the Change in Pension Value reported in the Summary Compensation Table. Amounts in the Inclusion of Pension Service Cost are based on the service cost for services rendered during the listed year.
Year
Average Summary
Compensation
Table Total for Non-
PEO NEOs

($)
Average Exclusion of
Change in Pension
Value for Non-PEO
NEOs

($)
Average Exclusion
of Stock Awards
and Option
Awards for Non-
PEO NEOs

($)
Average
Inclusion of
Pension Service
Cost for Non-PEO
NEOs

($)
Average Inclusion
of Equity Values for
Non-PEO NEOs

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

($)
2024
6,559,117 (9,460) (4,890,283) 117,960 5,170,656 6,944,842
Year
Average
Year-End Fair
Value of Equity
Awards Granted
During Year
That Remained
Unvested as of
Last Day of Year
for Non-PEO
NEOs

($)
Average Change
in Fair Value
from Last Day
of Prior Year to
Last Day of Year
of Unvested
Equity Awards
for Non-PEO
NEOs

($)
Average
Vesting-Date
Fair Value of
Equity Awards
Granted During
Year that
Vested During
Year for Non-
PEO NEOs

($)
Average Change
in Fair Value
from Last Day
of Prior Year to
Vesting Date of
Unvested Equity
Awards that
Vested During
Year for Non-
PEO NEOs

($)
Average Fair
Value at
Last Day of
Prior Year of
Equity Awards
Forfeited
During Year
for Non-PEO
NEOs

($)
Average Value
of Dividends
or Other
Earnings Paid
on Equity
Awards Not
Otherwise
Included for
Non-PEO
NEOs

($)
Total - Average
Inclusion of
Equity Values for
Non-PEO NEOs

($)
2024
4,977,863 210,382 0 (17,589) 0 0 5,170,656
       
Compensation Actually Paid vs. Total Shareholder Return
Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Company Total Shareholder Return (“TSR”)
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and the Company’s cumulative TSR over the five most recently completed fiscal years, and the Peer Group TSR over the same period.
[MISSING IMAGE: bc_paidvstsr-4c.jpg]
       
Compensation Actually Paid vs. Net Income
Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Net Income
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our other NEOs, and our Consolidated Net Income during the five most recently completed fiscal years.
[MISSING IMAGE: bc_paidvsnetinc-4c.jpg]
       
Compensation Actually Paid vs. Company Selected Measure
Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Adjusted EBITDA
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Adjusted EBITDA during the five most recently completed fiscal years.
[MISSING IMAGE: bc_paidvsebitda-4c.jpg]
       
Total Shareholder Return Vs Peer Group
Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Company Total Shareholder Return (“TSR”)
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and the Company’s cumulative TSR over the five most recently completed fiscal years, and the Peer Group TSR over the same period.
[MISSING IMAGE: bc_paidvstsr-4c.jpg]
       
Tabular List, Table
Tabular List of Most Important Financial Performance Measures
The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEO and Non-PEO NEOs for 2024 to Company performance. The measures in this table are not ranked.
Adjusted EBITDA
Revenue
TSR
Relative TSR
       
Total Shareholder Return Amount $ 181.88 176.48 138.71 208.96 137.62
Peer Group Total Shareholder Return Amount 117.82 97.78 96.11 115.44 88.19
Net Income (Loss) $ 607,000,000 $ 552,000,000 $ 700,000,000 $ 749,000,000 $ 526,000,000
Company Selected Measure Amount 1,836,000,000 1,694,000,000 1,722,000,000 1,670,000,000 1,495,000,000
PEO Name Mark W. Begor Mark W. Begor Mark W. Begor Mark W. Begor Mark W. Begor
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Non-GAAP Measure Description
6
We determined Adjusted EBITDA to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in 2024. Adjusted EBITDA is a non-GAAP financial measure defined in Annex A to this Proxy Statement.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Revenue        
Measure:: 3          
Pay vs Performance Disclosure          
Name TSR        
Measure:: 4          
Pay vs Performance Disclosure          
Name Relative TSR        
PEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 9,330,871        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 10,356,930        
PEO | 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 (1,470,945)        
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | 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 444,886        
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Exclusion Of Change In Pension Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
PEO | Exclusion of Stock Awards and Option Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (11,006,200)        
PEO | Fair Value At Last Day Of Prior Year Of Equity Awards Forfeited During Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 117,960        
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,170,656        
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 4,977,863        
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 210,382        
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 Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (17,589)        
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Exclusion Of Change In Pension Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (9,460)        
Non-PEO NEO | Exclusion of Stock Awards and Option Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (4,890,283)        
Non-PEO NEO | Fair Value At Last Day Of Prior Year Of Equity Awards Forfeited During Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0