
Fiscal Year	Summary Compensation Table Total for PEO(1)		Compensation Actually Paid to PEO(1)(2)		Average Summary Compensation Table Total for non-PEO NEOs(1)		Average Compensation Actually Paid to non-PEO NEOs(1)(2)		Value of Initial Fixed $100 Investment Based on:				Net Income ($ millions)		Adjusted EBITDA(4) ($ millions)
Fiscal Year	Summary Compensation Table Total for PEO(1)		Compensation Actually Paid to PEO(1)(2)				Average Compensation Actually Paid to non-PEO NEOs(1)(2)		Total Shareholder Return		Peer Group Total Shareholder Return(3)		Net Income ($ millions)		Adjusted EBITDA(4) ($ millions)
(a)	(b)		(c)		(d)		(e)		(f)		(g)		(h)		(i)
2023	$	8,391,649	$	4,663,073	$	2,472,305	$	1,619,849	$	240.67	$	191.45	$	476	$	1,061
2022	$	8,594,799	$	20,813,067	$	2,444,495	$	4,501,198	$	244.29	$	149.43	$	340	$	970
2021	$	17,660,600	$	47,137,307	$	4,713,100	$	8,546,475	$	220.88	$	161.27	$	160	$	740
2020	$	6,276,605	$	9,893,532	$	2,009,027	$	3,024,177	$	125.31	$	114.85	$	74	$	534

Our principal executive officer (PEO) for 2020-2023 is Mr. Soultz. The non-PEO named executive officers reflected in columns (d) and (e) include the following individuals: Mr. Boswell (2020-2023), Mr. Lopez (2020-2023), Ms. Shanks (2020-2023), Mr. Parkes (2022-2023), Ms. Gorcyca (2023) Christopher J. Miner (2020-2022), and Kelly Williams (2020-2021).

PEO Actually Paid Compensation Amount

$ 4,663,073

20,813,067

47,137,307

9,893,532

Non-PEO NEO Average Total Compensation Amount

$ 2,472,305

2,444,495

4,713,100

2,009,027

Adjustment to Non-PEO NEO Compensation Footnote

The following amounts were deducted from / added to Summary Compensation Table (SCT) total compensation in accordance with the SEC-mandated adjustments to calculate Compensation Actually Paid (CAP) to our principal executive officer (PEO) and average CAP to our non-PEO named executive officers. The fair value of equity awards was determined using methodologies and assumptions developed in a manner substantively consistent with those used to determine the grant date fair value of such awards.

Non-PEO NEO Average SCT Total to Average CAP Reconciliation


Fiscal Year	2020		2021		2022		2023
Average SCT Total	$	2,009,027	$	4,713,100	$	2,444,495	$	2,472,305
- Change in Actuarial Present Value of Pension Plans Reported in Fiscal Year	$	—	$	—	$	—	$	—
+ Service Cost of Pension in Fiscal Year	$	—	$	—	$	—	$	—
+ Prior Service Cost of Pension in Fiscal Year	$	—	$	—	$	—	$	—
- Grant Date Fair Value of Stock Awards Granted in Fiscal Year	$	(1,212,320)	$	(3,314,083)	$	(1,356,246)	$	(1,491,647)
+ Fair Value at Fiscal Year-End of Outstanding Unvested Stock Awards Granted in Fiscal Year	$	2,148,971	$	5,205,205	$	1,831,987	$	1,066,149
± Change in Fair Value of Outstanding Unvested Stock Awards Granted in Prior Fiscal Years	$	197,467	$	1,491,613	$	1,623,529	$	(633,986)
+ Fair Value at Vesting of Stock Awards Granted in Fiscal Year That Vested During Fiscal Year	$	—	$	147,770	$	208,160	$	—
± Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year	$	(118,969)	$	302,869	$	(250,726)	$	207,028
- Fair Value as of Prior Fiscal Year-End of Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year	$	—	$	—	$	—	$	—
+ Dividends Accrued During Fiscal Year	$	—	$	—	$	—	$	—
Average Compensation Actually Paid	$	3,024,177	$	8,546,475	$	4,501,198	$	1,619,849

(i) Certain of Mr. Williams’ equity awards were modified in February 2021 as part of his Separation and Release Agreement, consistent with his employment agreement. The rules prescribed by the SEC did not specify how compensation actually paid should reflect the incremental fair value expense recorded in connection with the modification and reported in the “Stock Awards” column. As compensation actually paid is meant to track the value of an equity award over the course of its vesting period, we are not adding any additional fair value when calculating the “Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year” as we believe this methodology best reflects the value of the award to Mr. Williams.

Compensation Actually Paid vs. Net Income

The charts below illustrate the relationship between the PEO and Non-PEO CAP amounts and the Company’s Net Income and Adjusted EBITDA during the period 2020-2023.

Total Shareholder Return Vs Peer Group

The Peer Group for which Total Shareholder Return is provided in column (g) for each listed fiscal year consists of the constituent companies in the S&P MidCap 400 Index listed as our compensation benchmarking peer group in the Compensation Discussion & Analysis for fiscal year 2023. In 2023, Waste Connections, Inc. was added to the peer group and Duke Realty Corporation was removed as further described in the “Use of Market Data” section of our Compensation Discussion and Analysis section for fiscal year 2022.

The table below compares the indexed TSR of the current and prior Peer Group.


Year	Peer Group used in prior year	Peer Group used in current year
2023	$192	$199
2022	$149	$152
2021	$161	$166
2020	$115	$115

Total Shareholder Return Amount

$ 240.67

244.29

220.88

125.31

Net Income (Loss)

$ 476,457,000

$ 339,540,000

$ 160,144,000

$ 74,000,000

PEO Name

Mr. Soultz

Pay vs Performance Disclosure

Non-GAAP Measure Description

Adjusted EBITDA is a non-GAAP financial measure and represents Adjusted EBITDA from continuing and discontinued operations at budgeted foreign exchange rates. For a discussion of our use of non-GAAP financial measures, please see the “Reconciliation of Non-GAAP Financial Measures” section in Item 7 of our Annual Report on Form 10-K for the fiscal year ended December 31, 2023.