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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
PAY VERSUS PERFORMANCE
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation
S-K,
we are providing the following information about the relationship between executive compensation actually paid and certain financial performance of the Company.
 
                                
Value of Initial Fixed $100
Investment Based On:
               
Year
  
Summary
Compensation
Table Total
Compensation
for CEO
    
Compensation
Actually Paid
to CEO
(1)
    
Average
Summary
Compensation
Table Total
Compensation
for Other
NEOs
(2)
    
Average
Compensation
Actually Paid
to Other
NEOs
(3)
    
Company
Cumulative
TSR
(4)
    
Peer Group
Cumulative
TSR
(4)
    
Net Income

($ thousands)
    
Company-
Selected
Performance
Measure -
Adjusted
EBITDA
($ thousands)
(5)
 
2024
   $ 9,360,034      $ 8,493,234      $ 4,469,365      $ 4,509,889      $ 171.69      $ 87.25      $ 362,939      $ 1,033,158  
2023
   $ 6,281,977      $ 6,930,537      $ 3,117,588      $ 3,413,818      $ 144.58      $ 62.48      $ 496,836      $ 985,724  
2022
   $ 6,079,394      $ 5,835,634      $ 2,987,339      $ 2,865,459      $ 120.86      $ 68.11      $ 438,647      $ 938,079  
2021
   $ 5,934,758      $ 3,575,038      $ 3,014,134      $ 2,894,741      $ 146.81      $ 103.30      $ 388,090      $ 827,289  
2020
   $ 3,912,660      $ 4,845,020      $ 2,385,147      $ 2,220,007      $ 97.39      $ 74.93      $ 243,386      $ 671,536  
 
(1)
Represents the amount of “compensation actually paid” (“CAP”) to Mr. Sean E. Reilly, as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Sean E. Reilly during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to Mr. Sean Reilly’s total compensation as reported in the Summary Compensation Table (“SCT”) for each year to determine the compensation actually paid:
 
Compensation Element
  
2020
   
2021
   
2022
   
2023
   
2024
 
Total Comp as Reported in SCT
   $ 3,912,660     $ 5,934,758     $ 6,079,394     $ 6,281,977     $ 9,360,034  
Pension/NQDC as Reported in SCT
     —        —        —        —        —   
Stock Awards as Reported in SCT
   ($ 2,885,960   ($ 4,035,240   ($ 3,893,560   ($ 4,482,280   ($ 5,864,500
Option Awards as Reported in SCT
     —        —        —        —        —   
Pension Value for Current Year
     —        —        —        —        —   
Adjusted Equity Values and Accrued Dividends(a)
   $ 3,818,320     $ 1,675,520     $ 3,649,800     $ 5,130,840     $ 4,997,700  
Compensation Actually Paid (CAP)
  
$
4,845,020
 
 
$
3,575,038
 
 
$
5,835,634
 
 
$
6,930,537
 
 
$
8,493,234
 
 
  (a)
The amounts deducted or added in calculating the equity award adjustments are as follows:
 
Year
   
Year End Fair Value of Equity
Awards
   
Year over Year Change in

Fair Value of Equity

Awards Granted in Prior

Years that Vested in the

Year
   
Total Equity Award

Adjustments
 
  2020     $ 3,661,680     $ 156,640     $ 3,818,320  
  2021     $ 5,337,200     ($ 3,661,680   $ 1,675,520  
  2022     $ 4,153,600     ($ 503,800   $ 3,649,800  
  2023     $ 4,676,320     $ 454,250     $ 5,130,840  
  2024     $ 7,304,400     ($ 2,306,700   $ 4,997,700  
 
 
(2)
Represents the average of the amounts reported for the Company’s named executive officers, excluding Mr. Sean E. Reilly (“NEOs”), as a group in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding Mr. Sean E. Reilly) included for purposes of calculating the average amounts in each applicable year are Mr. Kevin P. Reilly, Jr. and Mr. Jay L. Johnson.
(3)
Represents the amount of “compensation actually paid” (“CAP”) to the NEOs as a group, as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to average total compensation for the NEOs as a group for each year to determine the compensation actually paid:
 
Compensation Element
  
2020
   
2021
   
2022
   
2023
   
2024
 
Average Total Comp as Reported in SCT
   $ 2,385,147     $ 3,014,134     $ 2,987,339     $ 3,117,588     $ 4,469,365  
Average Pension/NQDC as Reported in SCT
     —        —        —        —        —   
Average Stock Awards as Reported in SCT
   ($ 1,742,980   ($ 2,017,620   ($ 1,946,780   ($ 2,269,190   ($ 2,932,250
Average Option Awards as Reported in SCT
     —        —        —        —        —   
Average Pension Value for Current Year
     —        —        —        —        —   
Average Adjusted Equity Values and Accrued Dividends(a)
   $ 1,577,840     $ 1,898,227     $ 1,824,900     $ 2,565,420     $ 2,972,774  
Compensation Actually Paid (CAP)
  
$
2,220,007
 
 
$
2,894,741
 
 
$
2,865,459
 
 
$
3,413,818
 
 
$
4,509,889
 
 
  (a)
The amounts deducted or added in calculating the equity award adjustments are as follows:
 
Year
 
Average Year
End Fair
Value of
Equity Awards
   
Average Year
over Year
Change in Fair
Value of Equity
Awards Granted
in Prior Years
that Vested in the
Year
   
Year over
Year Average
Change in
Fair Value of
Outstanding
and Unvested
Equity
Awards
   
Average Fair
Value as of
Vesting Date
of Equity
Awards
Granted and
Vested in the
Year
   
Average Value
of Dividends
Paid and not
Otherwise
Reflected in
Fair Value or
Total
Compensation
   
Total
Average
Equity
Award
Adjustments
 
2020   $ 1,830,840     ($ 548,878   ($ 16,263   $ 300,023     $ 12,117     $ 1,577,840  
2021   $ 2,668,600     ($ 777,104     —        —      $ 6,731     $ 1,898,227  
2022   $ 2,076,800     ($ 251,900     —        —        —      $ 1,824,900  
2023   $ 2,338,160     $ 227,260       —        —        —      $ 2,565,420  
2024   $ 3,652,200     ($ 679,426     —        —        —      $ 2,972,774  
 
(4)
Reflects the cumulative total stockholder return (“TSR”) of each of the Company and OUTFRONT Media Inc., as the Company’s peer, for the year ended December 31, 2020, the
two-years
ended December 31, 2022, the three years ended December 31, 2023, the four years ended December 31, 2024, and the five years ended December 31, 2025, assuming a $100 investment at the closing price on December 31, 2019 and the reinvestment of all dividends.
(5)
Adjusted EBITDA is defined as net income before income tax expense (benefit), interest expense (income), equity in (earnings) loss of investee, loss (gain) on extinguishment of debt and investments, stock-based compensation, depreciation and amortization, loss (gain) on disposition of assets and investments, transaction expenses and capitalized contract fulfillment costs, net.
       
Company Selected Measure Name Adjusted EBITDA        
Named Executive Officers, Footnote Represents the average of the amounts reported for the Company’s named executive officers, excluding Mr. Sean E. Reilly (“NEOs”), as a group in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding Mr. Sean E. Reilly) included for purposes of calculating the average amounts in each applicable year are Mr. Kevin P. Reilly, Jr. and Mr. Jay L. Johnson.        
Peer Group Issuers, Footnote Reflects the cumulative total stockholder return (“TSR”) of each of the Company and OUTFRONT Media Inc., as the Company’s peer, for the year ended December 31, 2020, the
two-years
ended December 31, 2022, the three years ended December 31, 2023, the four years ended December 31, 2024, and the five years ended December 31, 2025, assuming a $100 investment at the closing price on December 31, 2019 and the reinvestment of all dividends.
       
PEO Total Compensation Amount $ 9,360,034 $ 6,281,977 $ 6,079,394 $ 5,934,758 $ 3,912,660
PEO Actually Paid Compensation Amount $ 8,493,234 6,930,537 5,835,634 3,575,038 4,845,020
Adjustment To PEO Compensation, Footnote
(1)
Represents the amount of “compensation actually paid” (“CAP”) to Mr. Sean E. Reilly, as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Sean E. Reilly during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to Mr. Sean Reilly’s total compensation as reported in the Summary Compensation Table (“SCT”) for each year to determine the compensation actually paid:
 
Compensation Element
  
2020
   
2021
   
2022
   
2023
   
2024
 
Total Comp as Reported in SCT
   $ 3,912,660     $ 5,934,758     $ 6,079,394     $ 6,281,977     $ 9,360,034  
Pension/NQDC as Reported in SCT
     —        —        —        —        —   
Stock Awards as Reported in SCT
   ($ 2,885,960   ($ 4,035,240   ($ 3,893,560   ($ 4,482,280   ($ 5,864,500
Option Awards as Reported in SCT
     —        —        —        —        —   
Pension Value for Current Year
     —        —        —        —        —   
Adjusted Equity Values and Accrued Dividends(a)
   $ 3,818,320     $ 1,675,520     $ 3,649,800     $ 5,130,840     $ 4,997,700  
Compensation Actually Paid (CAP)
  
$
4,845,020
 
 
$
3,575,038
 
 
$
5,835,634
 
 
$
6,930,537
 
 
$
8,493,234
 
 
  (a)
The amounts deducted or added in calculating the equity award adjustments are as follows:
 
Year
   
Year End Fair Value of Equity
Awards
   
Year over Year Change in

Fair Value of Equity

Awards Granted in Prior

Years that Vested in the

Year
   
Total Equity Award

Adjustments
 
  2020     $ 3,661,680     $ 156,640     $ 3,818,320  
  2021     $ 5,337,200     ($ 3,661,680   $ 1,675,520  
  2022     $ 4,153,600     ($ 503,800   $ 3,649,800  
  2023     $ 4,676,320     $ 454,250     $ 5,130,840  
  2024     $ 7,304,400     ($ 2,306,700   $ 4,997,700  
       
Non-PEO NEO Average Total Compensation Amount $ 4,469,365 3,117,588 2,987,339 3,014,134 2,385,147
Non-PEO NEO Average Compensation Actually Paid Amount $ 4,509,889 3,413,818 2,865,459 2,894,741 2,220,007
Adjustment to Non-PEO NEO Compensation Footnote
(3)
Represents the amount of “compensation actually paid” (“CAP”) to the NEOs as a group, as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to average total compensation for the NEOs as a group for each year to determine the compensation actually paid:
 
Compensation Element
  
2020
   
2021
   
2022
   
2023
   
2024
 
Average Total Comp as Reported in SCT
   $ 2,385,147     $ 3,014,134     $ 2,987,339     $ 3,117,588     $ 4,469,365  
Average Pension/NQDC as Reported in SCT
     —        —        —        —        —   
Average Stock Awards as Reported in SCT
   ($ 1,742,980   ($ 2,017,620   ($ 1,946,780   ($ 2,269,190   ($ 2,932,250
Average Option Awards as Reported in SCT
     —        —        —        —        —   
Average Pension Value for Current Year
     —        —        —        —        —   
Average Adjusted Equity Values and Accrued Dividends(a)
   $ 1,577,840     $ 1,898,227     $ 1,824,900     $ 2,565,420     $ 2,972,774  
Compensation Actually Paid (CAP)
  
$
2,220,007
 
 
$
2,894,741
 
 
$
2,865,459
 
 
$
3,413,818
 
 
$
4,509,889
 
 
  (a)
The amounts deducted or added in calculating the equity award adjustments are as follows:
 
Year
 
Average Year
End Fair
Value of
Equity Awards
   
Average Year
over Year
Change in Fair
Value of Equity
Awards Granted
in Prior Years
that Vested in the
Year
   
Year over
Year Average
Change in
Fair Value of
Outstanding
and Unvested
Equity
Awards
   
Average Fair
Value as of
Vesting Date
of Equity
Awards
Granted and
Vested in the
Year
   
Average Value
of Dividends
Paid and not
Otherwise
Reflected in
Fair Value or
Total
Compensation
   
Total
Average
Equity
Award
Adjustments
 
2020   $ 1,830,840     ($ 548,878   ($ 16,263   $ 300,023     $ 12,117     $ 1,577,840  
2021   $ 2,668,600     ($ 777,104     —        —      $ 6,731     $ 1,898,227  
2022   $ 2,076,800     ($ 251,900     —        —        —      $ 1,824,900  
2023   $ 2,338,160     $ 227,260       —        —        —      $ 2,565,420  
2024   $ 3,652,200     ($ 679,426     —        —        —      $ 2,972,774  
       
Compensation Actually Paid vs. Total Shareholder Return
The following charts reflect how the CAP over the five-year period ended December 31, 2024 aligns to trends in the Company’s TSR, net income and adjusted EBITDA results over the same period. In addition, the chart titled “CAP vs. TSR” reflects that the Company’s TSR over this five-year period tracks the same general trend as the peer group TSR over the same period.
 
LOGO
       
Compensation Actually Paid vs. Net Income LOGO        
Compensation Actually Paid vs. Company Selected Measure LOGO        
Total Shareholder Return Vs Peer Group
The following charts reflect how the CAP over the five-year period ended December 31, 2024 aligns to trends in the Company’s TSR, net income and adjusted EBITDA results over the same period. In addition, the chart titled “CAP vs. TSR” reflects that the Company’s TSR over this five-year period tracks the same general trend as the peer group TSR over the same period.
 
LOGO
       
Tabular List, Table
Pay Versus Performance Narrative
The following table identifies the only two financial performance measures used by our Compensation Committee to link the CAP paid to our CEO and other NEOs in 2024.
 
 
Financial Performance Measures
 
Adjusted EBITDA
 
Net Revenue
       
Total Shareholder Return Amount $ 171.69 144.58 120.86 146.81 97.39
Peer Group Total Shareholder Return Amount 87.25 62.48 68.11 103.3 74.93
Net Income (Loss) $ 362,939,000 $ 496,836,000 $ 438,647,000 $ 388,090,000 $ 243,386,000
Company Selected Measure Amount 1,033,158,000 985,724,000 938,079,000 827,289,000 671,536,000
PEO Name Mr. Sean E. Reilly        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Measure:: 2          
Pay vs Performance Disclosure          
Name Net Revenue        
PEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 4,997,700 $ 5,130,840 $ 3,649,800 $ 1,675,520 $ 3,818,320
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,997,700 5,130,840 3,649,800 1,675,520 3,818,320
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 7,304,400 4,676,320 4,153,600 5,337,200 3,661,680
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 (2,306,700) 454,250 (503,800) (3,661,680) 156,640
PEO | Stock Awards as Reported in SCT [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (5,864,500) (4,482,280) (3,893,560) (4,035,240) (2,885,960)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,972,774 2,565,420 1,824,900 1,898,227 1,577,840
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 3,652,200 2,338,160 2,076,800 2,668,600 1,830,840
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 (679,426) 227,260 (251,900) (777,104) (548,878)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         300,023
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         (16,263)
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       6,731 12,117
Non-PEO NEO | Stock Awards as Reported in SCT [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (2,932,250) $ (2,269,190) $ (1,946,780) $ (2,017,620) $ (1,742,980)