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Pay vs Performance Disclosure
pure in Millions
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 by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, the following disclosure is provided about the relationship between executive compensation and the Company’s performance on select financial metrics. For information about how our executive compensation program is designed to align with the Company’s performance, please read the “Compensation Discussion and Analysis” above in this proxy statement. The amounts in the table below are calculated in accordance with SEC rules and do not all represent amounts actually earned or realized by our named executive officers (“NEOs”), including with respect to RSUs and PSUs.
The table below presents the compensation amounts for our CEO and non-CEO named executive officers as defined and computed in accordance with SEC rules, our financial performance as measured by TSR, net income and Adjusted EBITDA, and our peer group’s TSR, for fiscal years 2023, 2022, 2021 and 2020.
Year
CEO
Non-CEO NEOs
Value of Initial
Fixed $100
Investment
Based On:
Net Income
($M)
Adjusted EBITDA(5)
($M)
Summary
Compensation
Table Total for
CEO
Compensation
Actually Paid
to CEO(1)
Average Summary
Compensation
Table Total for
non-CEO named
executive officers(2)
Average
Compensation
Actually Paid to
non-CEO named
executive
officers(3)
TSR
Proxy
Peer
Group
TSR(4)
2023 $ 9,791,051 $ 15,601,868 $ 2,825,497 $ 3,893,968 $ 142 $ 163 $ (5) $ 474
2022(6) $ 6,280,050 $ (3,792,985) $ 1,742,035 $ 128,413 $ 90 $ 145 $ 12 $ 459
2021 $ 12,341,685 $ 25,616,911 $ 2,408,210 $ 2,962,970 $ 179 $ 177 $ 135 $ 643
2020 $ 9,217,950 $ 14,829,388 $ 2,263,831 $ 3,512,231 $ 140 $ 119 $ 208 $ 344
(1)
Compensation actually paid is the total Summary Compensation Table compensation, adjusted as set forth in the table below 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. Fadel during the applicable year.
(2)
Includes the average total compensation for Messrs. Karam, Blasquez, Montrone and Gautam in 2023; for Messrs. Allred, Hogg (former Executive Vice President — Acima), Karam, Pechersky and Taylor and Ms. Short in 2022; for Messrs. Blasquez, Hogg and Pechersky and Ms. Short (former Executive Vice President — Chief Financial Officer) in 2021; and for Mr. Hogg and Mses. Short, Davids and Skula (former Executive Vice President — Franchising) in 2020. Total compensation for non-CEO named executive officers are as reported in the Summary Compensation Tables.
(3)
The table below presents a reconciliation of the average Summary Compensation Table total to the average compensation actually paid, as defined by SEC rules, to the non-CEO named executive officers: 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.
(4)
The peer group selected is the S&P 1500 Specialty Retail Index. We use this published industry index as the comparator group to measure our relative total shareholder return for purposes of determining vesting of performance stock units granted under our long-term incentive compensation program. The peer group TSR values for 2020 and 2022 have been updated from disclosures in the Company’s Definitive Proxy Statement filed on April 25, 2023, which inadvertently transposed these numbers.
(5)
Non-GAAP financial measure. See Annex B for additional information regarding non-GAAP financial measures and reconciliations of non-GAAP financial measures to their most directly comparable GAAP financial measure.
(6)
None of our named executive officers in the 2022 annual cash incentive program received any bonus plan payout with respect to the 2022 performance year based on the Company’s annual financial performance in 2022.
Reconciliation Tables
CEO: Mitch Fadel
2023
2022
2021
2020
Summary Compensation Table Total
$ 9,791,051 $ 6,280,050 $ 12,341,685 $ 9,217,950
Less:
Fair Value of Stock Awards Granted in the Covered Year (measured at grant date)
$ 6,502,656 $ 5,116,846 $ 9,296,543 $ 5,712,605
Fair Value of Awards Granted in Prior Year that were Forfeited
during the Covered Year (measured at prior year-end)
$ 0 $ 0 $ 0 $ 0
Change in Pension Value
$ 0 $ 0 $ 0 $ 0
Plus:
Fair Value of Unvested Awards Granted in the Covered Year (measured at year-end)
$ 9,387,302 $ 3,474,280 $ 5,474,111 $ 10,034,035
Fair Value of Vested Awards Granted in the Covered Year (measured at Vesting Date)
$ 0 $ 0 $ 0 $ 0
Change in Fair Value of Unvested Awards Granted in Prior Years (measured at year-end)
$ 3,834,188 $ (11,440,516) $ 1,511,487 $ 1,914,269
Change in Fair Value of Vested Awards Granted in Prior Years (measured at vesting date)
$ (908,017) $ 3,010,047 $ 15,586,171 $ (624,261)
Dividends Accrued on Unvested RSUs and PSUs in the Covered Year
$ 0 $ 0 $ 0 $ 0
Pension Service Costs
$ 0 $ 0 $ 0 $ 0
Total Compensation Actually Paid
$ 15,601,868 $ (3,792,985) $ 25,616,911 $ 14,829,388
Non-CEO NEOs (Average)
2023
2022
2021
2020
Summary Compensation Table Total
$ 2,825,497 $ 1,742,035 $ 2,408,210 $ 2,263,831
Less:
Fair Value of Stock Awards Granted in the Covered Year (measured at grant date)
$ 1,483,250 $ 1,135,260 $ 1,481,514 $ 1,258,694
Fair Value of Awards Granted in Prior Year that were Forfeited during the Covered Year (measured at prior year-end)
$ 0 $ 1,344,060 $ 0 $ 0
Change in Pension Value
$ 0 $ 0 $ 0 $ 0
Plus:
Fair Value of Unvested Awards Granted in the Covered Year (measured at year-end)
$ 2,141,235 $ 845,162 $ 872,364 $ 2,425,918
Fair Value of Vested Awards Granted in the Covered Year (measured
at Vesting Date)
$ 0 $ 0 $ 0 $ 0
Change in Fair Value of Unvested Awards Granted in Prior Years (measured at year-end)
$ 365,842 $ (272,162) $ 318,723 $ 162,066
Change in Fair Value of Vested Awards Granted in Prior Years (measured at vesting date)
$ 44,644 $ 292,698 $ 845,187 $ (80,890)
Dividends Accrued on Unvested RSUs and PSUs in the Covered Year
$ 0 $ 0 $ 0 $ 0
Pension Service Costs
$ 0 $ 0 $ 0 $ 0
Total Compensation Actually Paid
$ 3,893,968 $ 128,413 $ 2,962,970 $ 3,512,231
     
Company Selected Measure Name Adjusted EBITDA      
Named Executive Officers, Footnote
(1)
Compensation actually paid is the total Summary Compensation Table compensation, adjusted as set forth in the table below 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. Fadel during the applicable year.
(2)
Includes the average total compensation for Messrs. Karam, Blasquez, Montrone and Gautam in 2023; for Messrs. Allred, Hogg (former Executive Vice President — Acima), Karam, Pechersky and Taylor and Ms. Short in 2022; for Messrs. Blasquez, Hogg and Pechersky and Ms. Short (former Executive Vice President — Chief Financial Officer) in 2021; and for Mr. Hogg and Mses. Short, Davids and Skula (former Executive Vice President — Franchising) in 2020. Total compensation for non-CEO named executive officers are as reported in the Summary Compensation Tables.
     
Peer Group Issuers, Footnote
(4)
The peer group selected is the S&P 1500 Specialty Retail Index. We use this published industry index as the comparator group to measure our relative total shareholder return for purposes of determining vesting of performance stock units granted under our long-term incentive compensation program. The peer group TSR values for 2020 and 2022 have been updated from disclosures in the Company’s Definitive Proxy Statement filed on April 25, 2023, which inadvertently transposed these numbers.
     
PEO Total Compensation Amount $ 9,791,051 $ 6,280,050 $ 12,341,685 $ 9,217,950
PEO Actually Paid Compensation Amount $ 15,601,868 (3,792,985) 25,616,911 14,829,388
Adjustment To PEO Compensation, Footnote
CEO: Mitch Fadel
2023
2022
2021
2020
Summary Compensation Table Total
$ 9,791,051 $ 6,280,050 $ 12,341,685 $ 9,217,950
Less:
Fair Value of Stock Awards Granted in the Covered Year (measured at grant date)
$ 6,502,656 $ 5,116,846 $ 9,296,543 $ 5,712,605
Fair Value of Awards Granted in Prior Year that were Forfeited
during the Covered Year (measured at prior year-end)
$ 0 $ 0 $ 0 $ 0
Change in Pension Value
$ 0 $ 0 $ 0 $ 0
Plus:
Fair Value of Unvested Awards Granted in the Covered Year (measured at year-end)
$ 9,387,302 $ 3,474,280 $ 5,474,111 $ 10,034,035
Fair Value of Vested Awards Granted in the Covered Year (measured at Vesting Date)
$ 0 $ 0 $ 0 $ 0
Change in Fair Value of Unvested Awards Granted in Prior Years (measured at year-end)
$ 3,834,188 $ (11,440,516) $ 1,511,487 $ 1,914,269
Change in Fair Value of Vested Awards Granted in Prior Years (measured at vesting date)
$ (908,017) $ 3,010,047 $ 15,586,171 $ (624,261)
Dividends Accrued on Unvested RSUs and PSUs in the Covered Year
$ 0 $ 0 $ 0 $ 0
Pension Service Costs
$ 0 $ 0 $ 0 $ 0
Total Compensation Actually Paid
$ 15,601,868 $ (3,792,985) $ 25,616,911 $ 14,829,388
     
Non-PEO NEO Average Total Compensation Amount $ 2,825,497 1,742,035 2,408,210 2,263,831
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,893,968 128,413 2,962,970 3,512,231
Adjustment to Non-PEO NEO Compensation Footnote
Non-CEO NEOs (Average)
2023
2022
2021
2020
Summary Compensation Table Total
$ 2,825,497 $ 1,742,035 $ 2,408,210 $ 2,263,831
Less:
Fair Value of Stock Awards Granted in the Covered Year (measured at grant date)
$ 1,483,250 $ 1,135,260 $ 1,481,514 $ 1,258,694
Fair Value of Awards Granted in Prior Year that were Forfeited during the Covered Year (measured at prior year-end)
$ 0 $ 1,344,060 $ 0 $ 0
Change in Pension Value
$ 0 $ 0 $ 0 $ 0
Plus:
Fair Value of Unvested Awards Granted in the Covered Year (measured at year-end)
$ 2,141,235 $ 845,162 $ 872,364 $ 2,425,918
Fair Value of Vested Awards Granted in the Covered Year (measured
at Vesting Date)
$ 0 $ 0 $ 0 $ 0
Change in Fair Value of Unvested Awards Granted in Prior Years (measured at year-end)
$ 365,842 $ (272,162) $ 318,723 $ 162,066
Change in Fair Value of Vested Awards Granted in Prior Years (measured at vesting date)
$ 44,644 $ 292,698 $ 845,187 $ (80,890)
Dividends Accrued on Unvested RSUs and PSUs in the Covered Year
$ 0 $ 0 $ 0 $ 0
Pension Service Costs
$ 0 $ 0 $ 0 $ 0
Total Compensation Actually Paid
$ 3,893,968 $ 128,413 $ 2,962,970 $ 3,512,231
     
Compensation Actually Paid vs. Total Shareholder Return
Total Shareholder Return
The following chart sets forth the compensation actually paid to our CEO, the average of compensation actually paid to our Non-CEO NEOs, the Company’s cumulative TSR and the peer group’s TSR over the four most recently completed fiscal years.
[MISSING IMAGE: bc_tsr-4c.jpg]
     
Compensation Actually Paid vs. Net Income
Net Income
The following chart sets forth the compensation actually paid to our CEO, the average of compensation actually paid to our Non-CEO NEOs, and our net income during the four most recently completed fiscal years.
[MISSING IMAGE: bc_netincome-4c.jpg]
     
Compensation Actually Paid vs. Company Selected Measure
Adjusted EBITDA
The following chart sets forth the compensation actually paid to our CEO, the average of compensation actually paid to our Non-CEO NEOs, and our Adjusted EBITDA(1) during the four most recently completed fiscal years.
[MISSING IMAGE: bc_ebitda-4c.jpg]
(1)
Non-GAAP financial measure. See Annex B for additional information regarding non-GAAP financial measures and reconciliations of non-GAAP financial measures to their most directly comparable GAAP financial measure.
     
Total Shareholder Return Vs Peer Group
Total Shareholder Return
The following chart sets forth the compensation actually paid to our CEO, the average of compensation actually paid to our Non-CEO NEOs, the Company’s cumulative TSR and the peer group’s TSR over the four most recently completed fiscal years.
[MISSING IMAGE: bc_tsr-4c.jpg]
     
Tabular List, Table
Important Financial Metrics
As described in “Compensation Discussion and Analysis,” our executive compensation program is designed to, among other objectives, link pay to the achievement of annual performance objectives, recognize both corporate and individual performance, and attract and retain our senior executives. We believe the four items in the unranked list below represent the most important financial metrics we used to link our performance to compensation actually paid to our CEO and other NEOs for fiscal year 2023, as further described above under “Compensation Discussion and Analysis — Annual Cash Incentive Compensation” and “Compensation Discussion and Analysis — Long-Term Incentive Compensation.”

Adjusted EBITDA

Rent-A-Center Segment Revenue

Acima Segment Revenue

Relative Total Shareholder Return
     
Total Shareholder Return Amount $ 142 90 179 140
Peer Group Total Shareholder Return Amount 163 145 177 119
Net Income (Loss) $ (5,000,000) $ 12,000,000 $ 135,000,000 $ 208,000,000
Company Selected Measure Amount 474 459 643 344
PEO Name Mr. Fadel      
Measure:: 1        
Pay vs Performance Disclosure        
Name Adjusted EBITDA      
Non-GAAP Measure Description
(5)
Non-GAAP financial measure. See Annex B for additional information regarding non-GAAP financial measures and reconciliations of non-GAAP financial measures to their most directly comparable GAAP financial measure.
     
Measure:: 2        
Pay vs Performance Disclosure        
Name Rent-A-Center Segment Revenue      
Measure:: 3        
Pay vs Performance Disclosure        
Name Acima Segment Revenue      
Measure:: 4        
Pay vs Performance Disclosure        
Name Relative Total Shareholder Return      
PEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (6,502,656) $ (5,116,846) $ (9,296,543) $ (5,712,605)
PEO | Fair Value of Awards Granted in Prior Year that were Forfeited during the Covered Year (measured at prior year-end) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Total Pension Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 9,387,302 3,474,280 5,474,111 10,034,035
PEO | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 3,834,188 (11,440,516) 1,511,487 1,914,269
PEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (908,017) 3,010,047 15,586,171 (624,261)
PEO | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Pension Adjustments Service Cost [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,483,250) (1,135,260) (1,481,514) (1,258,694)
Non-PEO NEO | Fair Value of Awards Granted in Prior Year that were Forfeited during the Covered Year (measured at prior year-end) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 (1,344,060) 0 0
Non-PEO NEO | Total Pension Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,141,235 845,162 872,364 2,425,918
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 365,842 (272,162) 318,723 162,066
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 44,644 292,698 845,187 (80,890)
Non-PEO NEO | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Pension Adjustments Service Cost [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0