XML 44 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Year
Summary Compensation
Table Total for PEO ($) (1)
Compensation Actually Paid to PEO ($) (2)
Average Summary Compensation Table Total for Non-PEO NEOs ($) (1)
Average Compensation Actually Paid to Non-PEO NEOs ($) (2)
Value of Initial Fixed $100 Investment Based on:Net Income (in millions)Company-Selected Measure: Revenue (in millions)
Total Shareholder Return ("TSR") ($) (3)
Peer Group TSR ($) (3)
20246,789,6097,266,2333,368,8923,588,347202.51215.14259.7 1,111.8 
20236,670,28510,281,0513,227,4484,759,834193.23155.89222.3 975.1 
20226,756,3874,298,3303,481,1572,468,774120.64126.91206.8 993.3 
20218,106,5497,877,0283,671,3543,603,201175.58161.92336.5 1,227.2 
20207,528,6349,771,4882,772,0983,741,267170.96115.15212.6 899.6 
       
Company Selected Measure Name revenue        
Named Executive Officers, Footnote
(1) For each year shown, Mr. Colson served as our PEO. For 2024 and 2023, the non-PEO NEOs consisted of Mr. Daley, Mr. Gottlieb, Mr. Krein and Ms. Kwei. The non-PEO NEOs for 2022, 2021 and 2020 consisted of Mr. Daley, Mr. Gottlieb, Mr. Krein and Ms. Johnson.
       
Peer Group Issuers, Footnote
(3) TSR represents the cumulative total shareholder return for the last five completed fiscal years based on an initial fixed investment of $100 in common stock on December 31, 2020. The TSR peer group consists of the Dow Jones U.S. Asset Managers Index.
       
PEO Total Compensation Amount $ 6,789,609 $ 6,670,285 $ 6,756,387 $ 8,106,549 $ 7,528,634
PEO Actually Paid Compensation Amount $ 7,266,233 10,281,051 4,298,330 7,877,028 9,771,488
Adjustment To PEO Compensation, Footnote
(2) SEC rules require certain adjustments be made to "total compensation" as reported in the Summary Compensation Table to determine “compensation actually paid” as reported herein. In general, these adjustments relate to equity awards and dividends paid thereon. The following table details these adjustments:
YearExecutive(s)Summary Compensation Table Total Compensation Subtract: Summary Compensation Table Stock AwardsAdd: Year-End Value of Unvested Equity Granted in Covered YearAdd: Change In Value of Prior Year Unvested AwardsAdd: Change in Value of Equity Awards Vested in Covered YearAdd: Dividends Paid in Covered YearCompensation Actually Paid
2024PEO6,789,609 (1,506,868)1,546,012 (173,093)(41,760)652,333 7,266,233 
Other NEOs3,368,892 (956,856)981,712 (71,471)(24,429)290,499 3,588,347 
2023PEO6,670,285 (1,994,080)2,517,818 2,432,598 171,234 483,196 10,281,051 
Other NEOs3,227,448 (930,787)1,175,254 1,016,914 62,979 208,025 4,759,834 
2022PEO6,756,387 (1,924,716)1,360,852 (2,356,206)(42,466)504,479 4,298,330 
Other NEOs3,481,157 (1,147,092)811,892 (862,686)(40,324)225,827 2,468,774 
2021PEO8,106,549 (1,934,599)1,626,306 (425,984)15,641 489,114 7,877,028 
Other NEOs3,671,354 (1,054,970)901,643 (139,873)12,949 212,098 3,603,201 
2020PEO7,528,634 (1,573,500)2,172,750 1,296,521 28,876 318,207 9,771,488 
Other NEOs2,772,098 (566,600)801,180 568,342 23,672 142,576 3,741,267 
       
Non-PEO NEO Average Total Compensation Amount $ 3,368,892 3,227,448 3,481,157 3,671,354 2,772,098
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,588,347 4,759,834 2,468,774 3,603,201 3,741,267
Adjustment to Non-PEO NEO Compensation Footnote
(2) SEC rules require certain adjustments be made to "total compensation" as reported in the Summary Compensation Table to determine “compensation actually paid” as reported herein. In general, these adjustments relate to equity awards and dividends paid thereon. The following table details these adjustments:
YearExecutive(s)Summary Compensation Table Total Compensation Subtract: Summary Compensation Table Stock AwardsAdd: Year-End Value of Unvested Equity Granted in Covered YearAdd: Change In Value of Prior Year Unvested AwardsAdd: Change in Value of Equity Awards Vested in Covered YearAdd: Dividends Paid in Covered YearCompensation Actually Paid
2024PEO6,789,609 (1,506,868)1,546,012 (173,093)(41,760)652,333 7,266,233 
Other NEOs3,368,892 (956,856)981,712 (71,471)(24,429)290,499 3,588,347 
2023PEO6,670,285 (1,994,080)2,517,818 2,432,598 171,234 483,196 10,281,051 
Other NEOs3,227,448 (930,787)1,175,254 1,016,914 62,979 208,025 4,759,834 
2022PEO6,756,387 (1,924,716)1,360,852 (2,356,206)(42,466)504,479 4,298,330 
Other NEOs3,481,157 (1,147,092)811,892 (862,686)(40,324)225,827 2,468,774 
2021PEO8,106,549 (1,934,599)1,626,306 (425,984)15,641 489,114 7,877,028 
Other NEOs3,671,354 (1,054,970)901,643 (139,873)12,949 212,098 3,603,201 
2020PEO7,528,634 (1,573,500)2,172,750 1,296,521 28,876 318,207 9,771,488 
Other NEOs2,772,098 (566,600)801,180 568,342 23,672 142,576 3,741,267 
       
Compensation Actually Paid vs. Total Shareholder Return
1206
       
Compensation Actually Paid vs. Net Income 1208        
Compensation Actually Paid vs. Company Selected Measure 1209        
Tabular List, Table
Most Important Performance Measures
Adjusted Operating Income*Adjusted Operating Margin*
RevenueAverage Management Fee
AUM GrowthInvestment Performance
Sales Growth
*Adjusted measures are non-GAAP measures. See Annex A for information regarding our non-GAAP measures.
       
Total Shareholder Return Amount $ 202.51 193.23 120.64 175.58 170.96
Peer Group Total Shareholder Return Amount 215.14 155.89 126.91 161.92 115.15
Net Income (Loss) $ 259,700,000 $ 222,300,000 $ 206,800,000 $ 336,500,000 $ 212,600,000
Company Selected Measure Amount 1,111,800,000 975,100,000 993,300,000 1,227,200,000 899,600,000
PEO Name Mr. Colson        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted Operating Income*        
Measure:: 2          
Pay vs Performance Disclosure          
Name Revenue        
Measure:: 3          
Pay vs Performance Disclosure          
Name AUM Growth        
Measure:: 4          
Pay vs Performance Disclosure          
Name Sales Growth        
Measure:: 5          
Pay vs Performance Disclosure          
Name Adjusted Operating Margin*        
Measure:: 6          
Pay vs Performance Disclosure          
Name Average Management Fee        
Measure:: 7          
Pay vs Performance Disclosure          
Name Investment Performance        
PEO | Stock Awards Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (1,506,868) $ (1,994,080) $ (1,924,716) $ (1,934,599) $ (1,573,500)
PEO | Equity Awards Granted During the Year, Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,546,012 2,517,818 1,360,852 1,626,306 2,172,750
PEO | Equity Awards Granted in Prior Years, Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (173,093) 2,432,598 (2,356,206) (425,984) 1,296,521
PEO | Equity Awards Vested During the Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (41,760) 171,234 (42,466) 15,641 28,876
PEO | Value of Dividends Paid Adjustment [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 652,333 483,196 504,479 489,114 318,207
Non-PEO NEO | Stock Awards Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (956,856) (930,787) (1,147,092) (1,054,970) (566,600)
Non-PEO NEO | Equity Awards Granted During the Year, Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 981,712 1,175,254 811,892 901,643 801,180
Non-PEO NEO | Equity Awards Granted in Prior Years, Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (71,471) 1,016,914 (862,686) (139,873) 568,342
Non-PEO NEO | Equity Awards Vested During the Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (24,429) 62,979 (40,324) 12,949 23,672
Non-PEO NEO | Value of Dividends Paid Adjustment [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 290,499 $ 208,025 $ 225,827 $ 212,098 $ 142,576