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Pay vs Performance Disclosure
12 Months Ended
Sep. 30, 2023
USD ($)
Sep. 30, 2022
USD ($)
Sep. 30, 2021
USD ($)
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
Pay Versus Performance
The following table sets forth information concerning the compensation actually paid to our CEO and to our other NEOs compared to Company performance for the years ended September 30, 2023, 2022, and 2021. The Compensation Committee did not consider the pay versus performance data presented below in making its pay decisions for any of the years shown.
Year
Summary
Compensation
Table Total
for CEO(1)(2)
CAP to
CEO(3)
Average
Summary
Compensation
Table Total
Pay for
other
NEOs(1)(2)
Average
CAP to
other
NEOs(3)
Value of Initial Fixed $100
Investment Based On:
Net
Income(5)
Adj.
EPS(6)
Adj.
EPS
CAGR(7)
AECOM
TSR(4)
Peer Group
TSR(4)
2023
$ 11,459,952 $ 19,077,083 $ 3,127,376 $ 4,442,441 $ 201 $ 141 $ 100,141 $ 3.71 21%
2022
$ 9,502,192 $ 14,790,471 $ 2,901,249 $ 3,716,795 $ 164 $ 122 $ 334,702 $ 3.40 28%
2021
$ 6,524,680 $ 20,557,469 $ 2,498,721 $ 4,486,501 $ 151 $ 144 $ 202,980 $ 2.81 34%
(1)
For 2023, 2022, and 2021 the CEO was Troy Rudd and the other NEOs were Gaurav Kapoor, Lara Poloni, David Gan, and Todd Battley.
(2)
The values reflected in this column reflect the “Total Compensation” set forth in the Summary Compensation Table (“SCT”) for fiscal years 2023, 2022, and 2021 on page 50 of this Proxy Statement. See the footnotes to the SCT for further detail regarding the amounts in this column.
(3)
“Total Compensation Actually Paid” ​(“CAP”) to our CEO and “Average Total CAP” to our other NEOs was computed as follows:
CEO
Average Non-CEO NEOs
2023
2022
2021
2023
2022
2021
SCT Total
$ 11,459,952 $ 9,502,192 $ 6,524,680 $ 3,127,376 $ 2,901,249 $ 2,498,721
Minus SCT Stock Awards
($ 8,306,165) ($ 6,278,345) ($ 3,125,010) ($ 1,685,576) ($ 1,521,331) ($ 1,050,734)
Plus Year-End Fair Value of Unvested Equity Awards Granted in Year
$ 7,435,208 $ 5,705,027 $ 4,233,148 $ 1,508,831 $ 1,382,408 $ 1,412,978
Plus Change in Value of Unvested Equity Awards Granted in Prior Years
$ 5,224,777 $ 3,762,823 $ 11,720,698 $ 1,043,713 $ 688,460 $ 1,572,809
Plus Change in Value of Vested Equity Awards Granted in Prior Years
$ 3,149,553 $ 1,954,757 $ 1,203,953 $ 414,680 $ 231,571 $ 52,727
Plus Change in Value of Dividend Equivalent Units Accumulated on Unvested Equity Awards
$ 113,758 $ 144,017 $ 0 $ 33,417 $ 34,438 $ 0
Total CAP
$ 19,077,083 $ 14,790,471 $ 20,557,469 $ 4,442,441 $ 3,716,795 $ 4,486,501
(4)
Reflects the cumulative total stockholder return of the Company and the peer group, represented by the S&P 400 MidCap index, respectively, for the year ended September 30, 2021, the two-years ended September 30, 2022, and the three years ended September 30, 2023, assuming a $100 investment at the closing price on September 30, 2020 and the reinvestment of all dividends.
(5)
Amounts in thousands.
(6)
See Annex A to this Proxy Statement for our definition of Adjusted EPS and a reconciliation of this non-GAAP financial measure.
(7)
Represents the compound annual growth rate for each respective fiscal year since fiscal 2020. The information provided is supplemental to the information required under Item 402(v) and is included to demonstrate compounding earnings growth consistent with the Company’s strategy to maximize shareholder value. See Annex A for a reconciliation of non-GAAP measures.
   
Company Selected Measure Name Adj. EPS    
Named Executive Officers, Footnote
(1)
For 2023, 2022, and 2021 the CEO was Troy Rudd and the other NEOs were Gaurav Kapoor, Lara Poloni, David Gan, and Todd Battley.
   
Peer Group Issuers, Footnote
(4)
Reflects the cumulative total stockholder return of the Company and the peer group, represented by the S&P 400 MidCap index, respectively, for the year ended September 30, 2021, the two-years ended September 30, 2022, and the three years ended September 30, 2023, assuming a $100 investment at the closing price on September 30, 2020 and the reinvestment of all dividends.
   
PEO Total Compensation Amount $ 11,459,952 $ 9,502,192 $ 6,524,680
PEO Actually Paid Compensation Amount $ 19,077,083 14,790,471 20,557,469
Adjustment To PEO Compensation, Footnote
(3)
“Total Compensation Actually Paid” ​(“CAP”) to our CEO and “Average Total CAP” to our other NEOs was computed as follows:
CEO
Average Non-CEO NEOs
2023
2022
2021
2023
2022
2021
SCT Total
$ 11,459,952 $ 9,502,192 $ 6,524,680 $ 3,127,376 $ 2,901,249 $ 2,498,721
Minus SCT Stock Awards
($ 8,306,165) ($ 6,278,345) ($ 3,125,010) ($ 1,685,576) ($ 1,521,331) ($ 1,050,734)
Plus Year-End Fair Value of Unvested Equity Awards Granted in Year
$ 7,435,208 $ 5,705,027 $ 4,233,148 $ 1,508,831 $ 1,382,408 $ 1,412,978
Plus Change in Value of Unvested Equity Awards Granted in Prior Years
$ 5,224,777 $ 3,762,823 $ 11,720,698 $ 1,043,713 $ 688,460 $ 1,572,809
Plus Change in Value of Vested Equity Awards Granted in Prior Years
$ 3,149,553 $ 1,954,757 $ 1,203,953 $ 414,680 $ 231,571 $ 52,727
Plus Change in Value of Dividend Equivalent Units Accumulated on Unvested Equity Awards
$ 113,758 $ 144,017 $ 0 $ 33,417 $ 34,438 $ 0
Total CAP
$ 19,077,083 $ 14,790,471 $ 20,557,469 $ 4,442,441 $ 3,716,795 $ 4,486,501
   
Non-PEO NEO Average Total Compensation Amount $ 3,127,376 2,901,249 2,498,721
Non-PEO NEO Average Compensation Actually Paid Amount $ 4,442,441 3,716,795 4,486,501
Adjustment to Non-PEO NEO Compensation Footnote
(3)
“Total Compensation Actually Paid” ​(“CAP”) to our CEO and “Average Total CAP” to our other NEOs was computed as follows:
CEO
Average Non-CEO NEOs
2023
2022
2021
2023
2022
2021
SCT Total
$ 11,459,952 $ 9,502,192 $ 6,524,680 $ 3,127,376 $ 2,901,249 $ 2,498,721
Minus SCT Stock Awards
($ 8,306,165) ($ 6,278,345) ($ 3,125,010) ($ 1,685,576) ($ 1,521,331) ($ 1,050,734)
Plus Year-End Fair Value of Unvested Equity Awards Granted in Year
$ 7,435,208 $ 5,705,027 $ 4,233,148 $ 1,508,831 $ 1,382,408 $ 1,412,978
Plus Change in Value of Unvested Equity Awards Granted in Prior Years
$ 5,224,777 $ 3,762,823 $ 11,720,698 $ 1,043,713 $ 688,460 $ 1,572,809
Plus Change in Value of Vested Equity Awards Granted in Prior Years
$ 3,149,553 $ 1,954,757 $ 1,203,953 $ 414,680 $ 231,571 $ 52,727
Plus Change in Value of Dividend Equivalent Units Accumulated on Unvested Equity Awards
$ 113,758 $ 144,017 $ 0 $ 33,417 $ 34,438 $ 0
Total CAP
$ 19,077,083 $ 14,790,471 $ 20,557,469 $ 4,442,441 $ 3,716,795 $ 4,486,501
   
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid versus TSR
[MISSING IMAGE: bc_tsr-pn.jpg]
   
Compensation Actually Paid vs. Net Income
Compensation Actually Paid versus Net Income
[MISSING IMAGE: bc_netoncome-pn.jpg]
   
Compensation Actually Paid vs. Company Selected Measure
Compensation Actually Paid versus Adjusted EPS
[MISSING IMAGE: bc_adjustedeps-pn.jpg]
   
Total Shareholder Return Vs Peer Group
Strong Relationship Between CAP and Certain Performance Measures

The Company’s CAP is well aligned with performance on key financial measures, including strong TSR that outperformed market indices and a 21% Adjusted EPS compounded growth rate, which reflects the Company’s focus on shareholder value creation. Despite this strong performance, as compared to fiscal 2021, CEO and non-CEO CAP declined by 7% and 1% respectively in fiscal 2023.

Additionally, performance on other key metrics that drive long-term value creation, including free cash flow, adjusted EBITDA and segment adjusted operating margin, also increased meaningfully over this period.

GAAP Net Income is influenced by a number of factors and can include items that are one-time in nature and is not exclusively used by investors to determine the long-term earnings power of the Company. As such, CAP and GAAP Net Income do not move in line with one another.
[MISSING IMAGE: bc_sharereturn-pn.jpg]
   
Tabular List, Table
In the Company’s assessment, the following represents the most important financial performance measures used by the Company to link compensation actually paid to the Company’s NEOs for the most recently completed fiscal year to Company performance:
Significant Financial Performance Measures
Adjusted EPS Growth
Adjusted EBITDA
Free Cash Flow
NSR Segment Adjusted Operating Margin %
Relative TSR
ROIC
   
Total Shareholder Return Amount $ 201 164 151
Peer Group Total Shareholder Return Amount 141 122 144
Net Income (Loss) $ 100,141,000 $ 334,702,000 $ 202,980,000
Company Selected Measure Amount 3.71 3.4 2.81
PEO Name Troy Rudd    
Measure:: 1      
Pay vs Performance Disclosure      
Other Performance Measure, Amount 21    
Name Adjusted EPS Growth    
Non-GAAP Measure Description
(6)
See Annex A to this Proxy Statement for our definition of Adjusted EPS and a reconciliation of this non-GAAP financial measure.
(7)
Represents the compound annual growth rate for each respective fiscal year since fiscal 2020. The information provided is supplemental to the information required under Item 402(v) and is included to demonstrate compounding earnings growth consistent with the Company’s strategy to maximize shareholder value. See Annex A for a reconciliation of non-GAAP measures.
   
Measure:: 2      
Pay vs Performance Disclosure      
Other Performance Measure, Amount   28  
Name Adjusted EBITDA    
Measure:: 3      
Pay vs Performance Disclosure      
Other Performance Measure, Amount     34
Name Free Cash Flow    
Measure:: 4      
Pay vs Performance Disclosure      
Name NSR Segment Adjusted Operating Margin %    
Measure:: 5      
Pay vs Performance Disclosure      
Name Relative TSR    
Measure:: 6      
Pay vs Performance Disclosure      
Name ROIC    
PEO | Stock Awards [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (8,306,165) $ (6,278,345) $ (3,125,010)
PEO | Year-End Fair Value of Unvested Equity Awards Granted in Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 7,435,208 5,705,027 4,233,148
PEO | Change In Value of Unvested Equity Awards Granted in Prior Years [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 5,224,777 3,762,823 11,720,698
PEO | Change In Value of Vested Equity Awards Granted in Prior Years [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 3,149,553 1,954,757 1,203,953
PEO | Change In Value of Dividend Equivalent Units Accumulated on Unvested Equity Awards [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 113,758 144,017 0
Non-PEO NEO | Stock Awards [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (1,685,576) (1,521,331) (1,050,734)
Non-PEO NEO | Year-End Fair Value of Unvested Equity Awards Granted in Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 1,508,831 1,382,408 1,412,978
Non-PEO NEO | Change In Value of Unvested Equity Awards Granted in Prior Years [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 1,043,713 688,460 1,572,809
Non-PEO NEO | Change In Value of Vested Equity Awards Granted in Prior Years [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 414,680 231,571 52,727
Non-PEO NEO | Change In Value of Dividend Equivalent Units Accumulated on Unvested Equity Awards [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 33,417 $ 34,438 $ 0