Preliminary proxy statement not related to a contested matter or merger/acquisition

Pay vs Performance Disclosure

v3.26.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance Disclosure
In accordance with rules adopted by the Securities and Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our principal executive officer (“PEO”) and
Non-PEO
NEOs and Company performance for the fiscal years listed below. The Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.
 
 Year
 
Summary
Compensation
Table Total for
PEO
1
($)
   
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
EBITDA
6
($ Millions)
 
 
TSR
($)
   
Peer Group
TSR
($)
 
2025
 
 
23,420,134
 
 
 
(3,703,962
 
 
6,320,225
 
 
 
2,080,897
 
 
 
116.66
 
 
 
169.26
 
 
 
664
 
 
 
1,935
  
2024
 
 
14,797,899
 
 
 
13,122,570
 
 
 
6,559,117
 
 
 
6,944,842
 
 
 
135.92
 
 
 
150.17
 
 
 
607
 
 
 
1,836
 
2023
 
 
13,049,808
 
 
 
32,135,116
 
 
 
6,197,654
 
 
 
8,375,169
 
 
 
131.10
 
 
 
120.91
 
 
 
552
 
 
 
1,694
 
2022
 
 
37,245,853
 
 
 
(19,023,223
 
 
3,705,930
 
 
 
(4,976,312
 
 
102.27
 
 
 
114.59
 
 
 
700
 
 
 
1,722
 
2021
 
 
16,065,575
 
 
 
84,901,421
 
 
 
3,997,020
 
 
 
13,836,953
 
 
 
152.84
 
 
 
134.02
 
 
 
749
 
 
 
1,670
 
 
1
Mark W. Begor was our PEO for each year presented. The individuals comprising the
Non-PEO
NEOs for each year are listed below.
 
2021
  
2022
  
2023
  
2024
  
2025
John W. Gamble, Jr.
  
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
  
Chad M. Borton
Sid Singh
  
Sid Singh
  
Bryson R. Koehler
  
Todd Horvath
  
Todd Horvath
Bryson R. Koehler
  
Bryson R. Koehler
  
Todd Horvath
  
Jamil Farshchi
  
Jamil Farshchi
 
  
John J. Kelley III
  
 
  
Rodolfo O. Ploder
  
Julia A. Houston
 
 
    
 
    
 
    
 
  
John Kelley
 
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 ($)
 
2025
 
 
23,420,134
 
 
 
 
 
 
(18,413,240
 
 
 
 
 
(8,710,856
 
 
(3,703,962
 
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
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 ($)
 
2025
 
 
6,320,225
 
 
 
(103,483
 
 
(3,431,726
 
 
99,417
 
 
 
(803,536
 
 
2,080,897
 
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 ($)
 
2025
 
 
13,208,360
 
 
 
(7,599,005
 
 
 
 
 
(14,320,211
 
 
 
 
 
 
 
 
(8,710,856
 
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 ($)
 
2025
 
 
2,539,066
 
 
 
(1,510,386
 
 
15,364
 
 
 
(54,455
 
 
(1,793,125
 
 
 
 
 
(803,536
 
4
The Peer Group TSR in this table utilizes the S&P 500 Banks Select Industry Index. The comparison assumes $100 was invested for the period starting December 31, 2020, through the end of the listed year in the Company and in the S&P 500 Banks Select Industry respectively. Historical stock performance is not necessarily indicative of future stock performance, and the amounts shown here may differ from TSR figures presented in the Company’s Annual Report to Shareholders.
 
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 2025. 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.
 
2021
  
2022
  
2023
  
2024
  
2025
John W. Gamble, Jr.
  
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
  
Chad M. Borton
Sid Singh
  
Sid Singh
  
Bryson R. Koehler
  
Todd Horvath
  
Todd Horvath
Bryson R. Koehler
  
Bryson R. Koehler
  
Todd Horvath
  
Jamil Farshchi
  
Jamil Farshchi
 
  
John J. Kelley III
  
 
  
Rodolfo O. Ploder
  
Julia A. Houston
 
 
    
 
    
 
    
 
  
John Kelley
       
Peer Group Issuers, Footnote The Peer Group TSR in this table utilizes the S&P 500 Banks Select Industry Index. The comparison assumes $100 was invested for the period starting December 31, 2020, through the end of the listed year in the Company and in the S&P 500 Banks Select Industry respectively. Historical stock performance is not necessarily indicative of future stock performance, and the amounts shown here may differ from TSR figures presented in the Company’s Annual Report to Shareholders.        
PEO Total Compensation Amount $ 23,420,134 $ 14,797,899 $ 13,049,808 $ 37,245,853 $ 16,065,575
PEO Actually Paid Compensation Amount $ (3,703,962) 13,122,570 32,135,116 (19,023,223) 84,901,421
Adjustment To PEO Compensation, Footnote
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 ($)
 
2025
 
 
23,420,134
 
 
 
 
 
 
(18,413,240
 
 
 
 
 
(8,710,856
 
 
(3,703,962
 
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 ($)
 
2025
 
 
13,208,360
 
 
 
(7,599,005
 
 
 
 
 
(14,320,211
 
 
 
 
 
 
 
 
(8,710,856
       
Non-PEO NEO Average Total Compensation Amount $ 6,320,225 6,559,117 6,197,654 3,705,930 3,997,020
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,080,897 6,944,842 8,375,169 (4,976,312) 13,836,953
Adjustment to Non-PEO NEO Compensation Footnote
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
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 ($)
 
2025
 
 
6,320,225
 
 
 
(103,483
 
 
(3,431,726
 
 
99,417
 
 
 
(803,536
 
 
2,080,897
 
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 ($)
 
2025
 
 
2,539,066
 
 
 
(1,510,386
 
 
15,364
 
 
 
(54,455
 
 
(1,793,125
 
 
 
 
 
(803,536
       
Compensation Actually Paid vs. Total Shareholder Return
LOGO
       
Compensation Actually Paid vs. Net Income
LOGO
       
Compensation Actually Paid vs. Company Selected Measure
LOGO
       
Total Shareholder Return Vs Peer Group
LOGO
       
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 other NEOs for 2025 to Company performance. The measures in this table are not ranked.
Adjusted EBITDA
Revenue
TSR
Relative TSR
       
Total Shareholder Return Amount $ 116.66 135.92 131.1 102.27 152.84
Peer Group Total Shareholder Return Amount 169.26 150.17 120.91 114.59 134.02
Net Income (Loss) $ 664,000,000 $ 607,000,000 $ 552,000,000 $ 700,000,000 $ 749,000,000
Company Selected Measure Amount 1,935,000,000 1,836,000,000 1,694,000,000 1,722,000,000 1,670,000,000
PEO Name Mark W. Begor        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Non-GAAP Measure Description 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 2025. 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 Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0        
PEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (18,413,240)        
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (8,710,856)        
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 13,208,360        
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 (7,599,005)        
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 (14,320,211)        
PEO | 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        
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        
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (103,483)        
Non-PEO NEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 99,417        
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 (3,431,726)        
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (803,536)        
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 2,539,066        
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 (1,510,386)        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 15,364        
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 (54,455)        
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 (1,793,125)        
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