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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
As required and set forth by Section 953(a) of the Dodd-Frank Act, and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation paid to our named executive officers and the financial performance of the Company.
Pay Versus Performance Table
Average Summary Compensation Table Total for Non-PEO Named Executive Officers
Average Compensation Actually Paid to Non-PEO Named Executive Officersf
Value of Initial Fixed $100 Investment based on:
Company-Selected Measurek
Summary Compensation Table Total for:
Compensation Actually Paid to:e
Total Shareholder Returng
Peer Group Total Shareholder Returnh
5-Year CAGR in Book Value Per Sharej
5-Year CAGR in Total Shareholder Returnj
Year
PEO or
Co-PEO 1
Co-PEO 2
PEO or
Co-PEO 1g
Co-PEO 2g
Net Income (Loss)
2023a
$8,068,291 N/A$8,559,693 N/A$2,469,487 $2,542,584 $124.21 $164.40 $2,101,090,000 11%6%
2022b
$3,991,434 $3,981,772 $4,408,196 $4,398,534 $1,668,541 $1,763,178 $115.25 $144.76 ($101,203,000)
i
7%
i
3%
2021c
$4,639,603 $4,630,441 $5,625,544 $5,616,382 $2,027,504 $2,324,107 $107.95 $125.88 $2,447,735,000 
i
11%6%
2020d
$4,183,420 $4,192,222 $3,712,379 $3,721,181 $1,893,420 $1,766,975 $90.39 $103.11 $831,767,000 10%3%
a    The named executive officers for the 2023 fiscal year included Thomas S. Gayner, as PEO, and Michael R. Heaton, Jeremy A. Noble, Richard R. Grinnan, Brian J. Costanzo and Teresa S. Gendron as the non-PEO named executive officers.
b    The named executive officers for the 2022 fiscal year included Thomas S. Gayner, as Co-PEO 1, and Richard R. Whitt, III, as Co-PEO 2, and Michael R. Heaton, Jeremy A. Noble, Robert C. Cox and Richard R. Grinnan as the non-PEO named executive officers.
c    The named executive officers for the 2021 fiscal year included Thomas S. Gayner, as Co-PEO 1, and Richard R. Whitt, III, as Co-PEO 2, and Michael R. Heaton, Jeremy A. Noble, Robert C. Cox and Bradley J. Kiscaden as the non-PEO named executive officers.
d    The named executive officers for the 2020 fiscal year included Thomas S. Gayner, as Co-PEO 1, and Richard R. Whitt, III, as Co-PEO 2, and Jeremy A. Noble, Robert C. Cox, Bradley J. Kiscaden and Richard R. Grinnan as the non-PEO named executive officers.
e    The amounts set out in these columns (i) represent the amounts of “compensation actually paid” to the PEO, or each Co-PEO, as computed in accordance with Item 402(v) of Regulation S-K, and (ii) do not reflect the actual amounts of compensation earned by or paid to the PEO, or each Co-PEO, during the applicable fiscal year.
f    The amounts set out in this column (i) represent the average amounts of “compensation actually paid” to the non-PEO named executed officers, as computed in accordance with Item 402(v) of Regulation S-K, and (ii) do not reflect the actual average amounts of compensation earned by or paid to the non-PEO named executive officers during the applicable fiscal year.
g    The amounts set out in the table below have been deducted from or added to the Total Compensation amounts reported in the Summary Compensation Table for the PEO, each Co-PEO, and non-PEO named executive officers to determine Compensation Actually Paid:
Starting Amount:
Deducted:Added:Added:
Added:
Added:Adjusted Amount:
YearNamed Executive OfficersSummary Compensation Table Total
The grant date fair value of all stock awards granted in the applicable year, as reported in the Summary Compensation Table
The fair value as of the end of the covered fiscal year of all stock awards granted during the covered fiscal year that were outstanding and unvested as of the end of the covered fiscal year
The change (positive or negative) as of the end of the covered fiscal year (from the end of the prior fiscal year) in fair value of any stock awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year
For stock awards that are granted and vest in the same covered fiscal year, the fair value as of the vesting date
The change (positive or negative) as of the vesting date (from the end of the prior fiscal year) in fair value of any stock awards granted in any prior fiscal year for which all vesting conditions were satisfied at the end of or during the covered fiscal year
Compensation Actually Paid
2023
PEO
$8,068,291 $5,387,107 $5,364,382 $351,471 — $162,656 $8,559,693 
Non-PEO NEOs*$2,469,487 $1,100,028 $903,624 $54,462 $195,011 $20,028 $2,542,584 
2022Co-PEO 1$3,991,434 $2,100,000 $2,052,649 
**
$318,514 — $145,599 $4,408,196 
Co-PEO 2$3,981,772 $2,100,000 $2,052,649 
**
— — $464,113 $4,398,534 
Non-PEO NEOs*$1,668,541 $615,625 $601,434 
**
$79,545 — $29,283 $1,763,178 
* As an average.
** Reflects corrections to amounts previously reported for the 2022 year-end fair value of stock awards granted during 2022 that were outstanding and unvested as of the end of 2022.
h    Dow Jones U.S. Property & Casualty Insurance Companies Index.
i    Amounts are as disclosed in the Pay Versus Performance Table in the Company’s 2023 Proxy Statement. Due to a restatement as a result of the required adoption of Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) No. 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts effective January 1, 2023, net income for 2022 and 2021 has been restated to $(103,357,000) and $2,445,867,000, respectively.
j    The term CAGR means compound annual growth rate.
k    These Company-selected financial performance measures represent the most important financial performance measures used by the Company and were weighted equally to link compensation actually paid to the Company’s named executed officers (excluding Mr. Costanzo and Ms. Gendron), for the most recently completed fiscal year, to the Company’s performance. See “Cash Incentive Compensation for Brian J. Costanzo” and “Compensation for Teresa S. Gendron” for a discussion of performance measures for Mr. Costanzo and Ms. Gendron, respectively.
     
Named Executive Officers, Footnote The named executive officers for the 2023 fiscal year included Thomas S. Gayner, as PEO, and Michael R. Heaton, Jeremy A. Noble, Richard R. Grinnan, Brian J. Costanzo and Teresa S. Gendron as the non-PEO named executive officers. The named executive officers for the 2022 fiscal year included Thomas S. Gayner, as Co-PEO 1, and Richard R. Whitt, III, as Co-PEO 2, and Michael R. Heaton, Jeremy A. Noble, Robert C. Cox and Richard R. Grinnan as the non-PEO named executive officers. The named executive officers for the 2021 fiscal year included Thomas S. Gayner, as Co-PEO 1, and Richard R. Whitt, III, as Co-PEO 2, and Michael R. Heaton, Jeremy A. Noble, Robert C. Cox and Bradley J. Kiscaden as the non-PEO named executive officers. The named executive officers for the 2020 fiscal year included Thomas S. Gayner, as Co-PEO 1, and Richard R. Whitt, III, as Co-PEO 2, and Jeremy A. Noble, Robert C. Cox, Bradley J. Kiscaden and Richard R. Grinnan as the non-PEO named executive officers.
Peer Group Issuers, Footnote Dow Jones U.S. Property & Casualty Insurance Companies Index.      
PEO Total Compensation Amount [1] $ 8,068,291      
PEO Actually Paid Compensation Amount [1],[2],[3] $ 8,559,693      
Adjustment To PEO Compensation, Footnote The amounts set out in the table below have been deducted from or added to the Total Compensation amounts reported in the Summary Compensation Table for the PEO, each Co-PEO, and non-PEO named executive officers to determine Compensation Actually Paid:
Starting Amount:
Deducted:Added:Added:
Added:
Added:Adjusted Amount:
YearNamed Executive OfficersSummary Compensation Table Total
The grant date fair value of all stock awards granted in the applicable year, as reported in the Summary Compensation Table
The fair value as of the end of the covered fiscal year of all stock awards granted during the covered fiscal year that were outstanding and unvested as of the end of the covered fiscal year
The change (positive or negative) as of the end of the covered fiscal year (from the end of the prior fiscal year) in fair value of any stock awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year
For stock awards that are granted and vest in the same covered fiscal year, the fair value as of the vesting date
The change (positive or negative) as of the vesting date (from the end of the prior fiscal year) in fair value of any stock awards granted in any prior fiscal year for which all vesting conditions were satisfied at the end of or during the covered fiscal year
Compensation Actually Paid
2023
PEO
$8,068,291 $5,387,107 $5,364,382 $351,471 — $162,656 $8,559,693 
Non-PEO NEOs*$2,469,487 $1,100,028 $903,624 $54,462 $195,011 $20,028 $2,542,584 
2022Co-PEO 1$3,991,434 $2,100,000 $2,052,649 
**
$318,514 — $145,599 $4,408,196 
Co-PEO 2$3,981,772 $2,100,000 $2,052,649 
**
— — $464,113 $4,398,534 
Non-PEO NEOs*$1,668,541 $615,625 $601,434 
**
$79,545 — $29,283 $1,763,178 
* As an average.
** Reflects corrections to amounts previously reported for the 2022 year-end fair value of stock awards granted during 2022 that were outstanding and unvested as of the end of 2022.
     
Non-PEO NEO Average Total Compensation Amount $ 2,469,487 [1] $ 1,668,541 [4] $ 2,027,504 [5] $ 1,893,420 [6]
Non-PEO NEO Average Compensation Actually Paid Amount [7] $ 2,542,584 [1] 1,763,178 [4] 2,324,107 [5] 1,766,975 [6]
Adjustment to Non-PEO NEO Compensation Footnote The amounts set out in the table below have been deducted from or added to the Total Compensation amounts reported in the Summary Compensation Table for the PEO, each Co-PEO, and non-PEO named executive officers to determine Compensation Actually Paid:
Starting Amount:
Deducted:Added:Added:
Added:
Added:Adjusted Amount:
YearNamed Executive OfficersSummary Compensation Table Total
The grant date fair value of all stock awards granted in the applicable year, as reported in the Summary Compensation Table
The fair value as of the end of the covered fiscal year of all stock awards granted during the covered fiscal year that were outstanding and unvested as of the end of the covered fiscal year
The change (positive or negative) as of the end of the covered fiscal year (from the end of the prior fiscal year) in fair value of any stock awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year
For stock awards that are granted and vest in the same covered fiscal year, the fair value as of the vesting date
The change (positive or negative) as of the vesting date (from the end of the prior fiscal year) in fair value of any stock awards granted in any prior fiscal year for which all vesting conditions were satisfied at the end of or during the covered fiscal year
Compensation Actually Paid
2023
PEO
$8,068,291 $5,387,107 $5,364,382 $351,471 — $162,656 $8,559,693 
Non-PEO NEOs*$2,469,487 $1,100,028 $903,624 $54,462 $195,011 $20,028 $2,542,584 
2022Co-PEO 1$3,991,434 $2,100,000 $2,052,649 
**
$318,514 — $145,599 $4,408,196 
Co-PEO 2$3,981,772 $2,100,000 $2,052,649 
**
— — $464,113 $4,398,534 
Non-PEO NEOs*$1,668,541 $615,625 $601,434 
**
$79,545 — $29,283 $1,763,178 
* As an average.
** Reflects corrections to amounts previously reported for the 2022 year-end fair value of stock awards granted during 2022 that were outstanding and unvested as of the end of 2022.
     
Compensation Actually Paid vs. Total Shareholder Return
2975
     
Compensation Actually Paid vs. Net Income
2977
     
Compensation Actually Paid vs. Company Selected Measure
2979
     
Total Shareholder Return Vs Peer Group
2975
     
Tabular List, Table
Most Important Financial Performance Measures Used by the Company to Link Compensation Actually Paid to Company’s Performance
5-year CAGR in the Company’s book value per share
5-year CAGR in the Company’s total shareholder return
     
Total Shareholder Return Amount [2] $ 124.21 [1] 115.25 [4] 107.95 [5] 90.39 [6]
Peer Group Total Shareholder Return Amount [8] 164.40 [1] 144.76 [4] 125.88 [5] 103.11 [6]
Net Income (Loss) $ 2,101,090,000 [1] $ (101,203,000) [4],[9] $ 2,447,735,000 [5],[9] $ 831,767,000 [6]
Company Selected Measure Amount [10],[11] 0.11 [1] 0.07 [4],[9] 0.11 [5] 0.10 [6]
Additional 402(v) Disclosure
The following graphs represent the relationship between “compensation actually paid,” as reflected in the Pay Versus Performance Table, to the Company’s PEO, or each Co-PEO, as applicable, and other named executive officers (expressed as an average) and the performance measures included in the Pay Versus Performance Table (Total Shareholder Return, Peer Group Total Shareholder Return, Net Income, 5-Year CAGR in Book Value Per Share and 5-Year CAGR in Total Shareholder Return).
     
Measure:: 2        
Pay vs Performance Disclosure        
Other Performance Measure, Amount [10],[11] 0.06 [1] 0.03 [4] 0.06 [5] 0.03 [6]
Co-PEO 1 [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount   $ 3,991,434 [4] $ 4,639,603 [5] $ 4,183,420 [6]
PEO Actually Paid Compensation Amount [2],[3]   $ 4,408,196 [4] $ 5,625,544 [5] $ 3,712,379 [6]
PEO Name   Thomas S. Gayner Thomas S. Gayner Thomas S. Gayner
Co-PEO 2 [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount   $ 3,981,772 [4] $ 4,630,441 [5] $ 4,192,222 [6]
PEO Actually Paid Compensation Amount [2],[3]   $ 4,398,534 [4] $ 5,616,382 [5] $ 3,721,181 [6]
PEO Name   Richard R. Whitt, III Richard R. Whitt, III Richard R. Whitt, III
PEO [Member]        
Pay vs Performance Disclosure        
PEO Name Thomas S. Gayner      
PEO [Member] | Measure:: 1        
Pay vs Performance Disclosure        
Name 5-year CAGR in the Company’s book value per share      
PEO [Member] | Measure:: 2        
Pay vs Performance Disclosure        
Name 5-year CAGR in the Company’s total shareholder return      
PEO [Member] | The Grant Date Fair Value of All Stock Awards Granted in the Applicable Year, as Reported in the Summary Compensation Table [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 5,387,107      
PEO [Member] | The Fair Value as of the End of the Covered Fiscal Year of All Stock Awards Granted During the Covered Fiscal Year That were Outstanding and Unvested as of the End of the Covered Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 5,364,382      
PEO [Member] | The Change as of the End of the Covered Fiscal Year in Fair Value of Any Stock Awards Granted in Any Prior Fiscal Year that are Outstanding and Unvested as of the End of the Covered Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 351,471      
PEO [Member] | For stock awards that are granted and vest in the same covered fiscal year, the fair value as of the vesting date [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO [Member] | The Change as of the Vesting Date in Fair Value of Any Stock Awards Granted in Any Prior Fiscal Year for Which All Vesting Conditions were Satisfied at the End of or During the Covered Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 162,656      
PEO [Member] | Co-PEO 1 [Member] | The Grant Date Fair Value of All Stock Awards Granted in the Applicable Year, as Reported in the Summary Compensation Table [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   $ 2,100,000    
PEO [Member] | Co-PEO 1 [Member] | The Fair Value as of the End of the Covered Fiscal Year of All Stock Awards Granted During the Covered Fiscal Year That were Outstanding and Unvested as of the End of the Covered Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   2,052,649    
PEO [Member] | Co-PEO 1 [Member] | The Change as of the End of the Covered Fiscal Year in Fair Value of Any Stock Awards Granted in Any Prior Fiscal Year that are Outstanding and Unvested as of the End of the Covered Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   318,514    
PEO [Member] | Co-PEO 1 [Member] | For stock awards that are granted and vest in the same covered fiscal year, the fair value as of the vesting date [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   0    
PEO [Member] | Co-PEO 1 [Member] | The Change as of the Vesting Date in Fair Value of Any Stock Awards Granted in Any Prior Fiscal Year for Which All Vesting Conditions were Satisfied at the End of or During the Covered Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   145,599    
PEO [Member] | Co-PEO 2 [Member] | The Grant Date Fair Value of All Stock Awards Granted in the Applicable Year, as Reported in the Summary Compensation Table [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   2,100,000    
PEO [Member] | Co-PEO 2 [Member] | The Fair Value as of the End of the Covered Fiscal Year of All Stock Awards Granted During the Covered Fiscal Year That were Outstanding and Unvested as of the End of the Covered Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   2,052,649    
PEO [Member] | Co-PEO 2 [Member] | The Change as of the End of the Covered Fiscal Year in Fair Value of Any Stock Awards Granted in Any Prior Fiscal Year that are Outstanding and Unvested as of the End of the Covered Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   0    
PEO [Member] | Co-PEO 2 [Member] | For stock awards that are granted and vest in the same covered fiscal year, the fair value as of the vesting date [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   0    
PEO [Member] | Co-PEO 2 [Member] | The Change as of the Vesting Date in Fair Value of Any Stock Awards Granted in Any Prior Fiscal Year for Which All Vesting Conditions were Satisfied at the End of or During the Covered Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   464,113    
Non-PEO NEO | The Grant Date Fair Value of All Stock Awards Granted in the Applicable Year, as Reported in the Summary Compensation Table [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,100,028 615,625    
Non-PEO NEO | The Fair Value as of the End of the Covered Fiscal Year of All Stock Awards Granted During the Covered Fiscal Year That were Outstanding and Unvested as of the End of the Covered Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 903,624 601,434    
Non-PEO NEO | The Change as of the End of the Covered Fiscal Year in Fair Value of Any Stock Awards Granted in Any Prior Fiscal Year that are Outstanding and Unvested as of the End of the Covered Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 54,462 79,545    
Non-PEO NEO | For stock awards that are granted and vest in the same covered fiscal year, the fair value as of the vesting date [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 195,011 0    
Non-PEO NEO | The Change as of the Vesting Date in Fair Value of Any Stock Awards Granted in Any Prior Fiscal Year for Which All Vesting Conditions were Satisfied at the End of or During the Covered Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 20,028 $ 29,283    
[1] The named executive officers for the 2023 fiscal year included Thomas S. Gayner, as PEO, and Michael R. Heaton, Jeremy A. Noble, Richard R. Grinnan, Brian J. Costanzo and Teresa S. Gendron as the non-PEO named executive officers.
[2] The amounts set out in the table below have been deducted from or added to the Total Compensation amounts reported in the Summary Compensation Table for the PEO, each Co-PEO, and non-PEO named executive officers to determine Compensation Actually Paid:
Starting Amount:
Deducted:Added:Added:
Added:
Added:Adjusted Amount:
YearNamed Executive OfficersSummary Compensation Table Total
The grant date fair value of all stock awards granted in the applicable year, as reported in the Summary Compensation Table
The fair value as of the end of the covered fiscal year of all stock awards granted during the covered fiscal year that were outstanding and unvested as of the end of the covered fiscal year
The change (positive or negative) as of the end of the covered fiscal year (from the end of the prior fiscal year) in fair value of any stock awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year
For stock awards that are granted and vest in the same covered fiscal year, the fair value as of the vesting date
The change (positive or negative) as of the vesting date (from the end of the prior fiscal year) in fair value of any stock awards granted in any prior fiscal year for which all vesting conditions were satisfied at the end of or during the covered fiscal year
Compensation Actually Paid
2023
PEO
$8,068,291 $5,387,107 $5,364,382 $351,471 — $162,656 $8,559,693 
Non-PEO NEOs*$2,469,487 $1,100,028 $903,624 $54,462 $195,011 $20,028 $2,542,584 
2022Co-PEO 1$3,991,434 $2,100,000 $2,052,649 
**
$318,514 — $145,599 $4,408,196 
Co-PEO 2$3,981,772 $2,100,000 $2,052,649 
**
— — $464,113 $4,398,534 
Non-PEO NEOs*$1,668,541 $615,625 $601,434 
**
$79,545 — $29,283 $1,763,178 
* As an average.
** Reflects corrections to amounts previously reported for the 2022 year-end fair value of stock awards granted during 2022 that were outstanding and unvested as of the end of 2022.
[3] The amounts set out in these columns (i) represent the amounts of “compensation actually paid” to the PEO, or each Co-PEO, as computed in accordance with Item 402(v) of Regulation S-K, and (ii) do not reflect the actual amounts of compensation earned by or paid to the PEO, or each Co-PEO, during the applicable fiscal year.
[4] The named executive officers for the 2022 fiscal year included Thomas S. Gayner, as Co-PEO 1, and Richard R. Whitt, III, as Co-PEO 2, and Michael R. Heaton, Jeremy A. Noble, Robert C. Cox and Richard R. Grinnan as the non-PEO named executive officers.
[5] The named executive officers for the 2021 fiscal year included Thomas S. Gayner, as Co-PEO 1, and Richard R. Whitt, III, as Co-PEO 2, and Michael R. Heaton, Jeremy A. Noble, Robert C. Cox and Bradley J. Kiscaden as the non-PEO named executive officers.
[6] The named executive officers for the 2020 fiscal year included Thomas S. Gayner, as Co-PEO 1, and Richard R. Whitt, III, as Co-PEO 2, and Jeremy A. Noble, Robert C. Cox, Bradley J. Kiscaden and Richard R. Grinnan as the non-PEO named executive officers.
[7] The amounts set out in this column (i) represent the average amounts of “compensation actually paid” to the non-PEO named executed officers, as computed in accordance with Item 402(v) of Regulation S-K, and (ii) do not reflect the actual average amounts of compensation earned by or paid to the non-PEO named executive officers during the applicable fiscal year.
[8] Dow Jones U.S. Property & Casualty Insurance Companies Index.
[9] Amounts are as disclosed in the Pay Versus Performance Table in the Company’s 2023 Proxy Statement. Due to a restatement as a result of the required adoption of Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) No. 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts effective January 1, 2023, net income for 2022 and 2021 has been restated to $(103,357,000) and $2,445,867,000, respectively.
[10] The term CAGR means compound annual growth rate.
[11] These Company-selected financial performance measures represent the most important financial performance measures used by the Company and were weighted equally to link compensation actually paid to the Company’s named executed officers (excluding Mr. Costanzo and Ms. Gendron), for the most recently completed fiscal year, to the Company’s performance. See “Cash Incentive Compensation for Brian J. Costanzo” and “Compensation for Teresa S. Gendron” for a discussion of performance measures for Mr. Costanzo and Ms. Gendron, respectively.