XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table

Pay Versus Performance Table

 

The table below sets forth additional compensation information for our NEOs, calculated in accordance with SEC regulations, for fiscal years 2023, 2022 and 2021:

 

Year

  

Summary
Compensation
Table Total for
PEO

(a)

    

Compensation
Actually Paid
to PEO

(b)

    

Average
Summary
Compensation
Table total for
Non-PEO
NEOs

(c)

    

Average
Compensation
Actually Paid
to Non-PEO
NEOs

(d)

    

Atlanticus

Total
Shareholder
Return

(e)

    

Net
Income
($thousands)

(f)

  
   

First

PEO

    

Second

PEO

    

First

PEO

    

Second

PEO

                                  

2023

   $ 2,049,906       N/A     $ 2,594,009       N/A     $ 1,868,381     $ 2,045,970     $ 157.00     $ 101,954  

2022

   $ 2,189,624       N/A     $ 398,008       N/A     $ 2,144,495     $ 2,018,996     $ 106.37     $ 134,612  

2021

   $ 1,672,241     $ 1,652,267     $ 1,719,163     $ 18,083,032     $ 1,462,683     $ 6,083,605     $ 289.57     $ 177,789  

 

Column (a). Reflects compensation amounts reported in the Summary Compensation Table. For 2023 and 2022, the PEO was Jeffrey A. Howard. For 2021, the first PEO was David G. Hanna and the second PEO was Jeffrey A. Howard.

 

Column (b). Reflects the respective amounts set forth in column (a) of the table above, adjusted as set forth in the table below, as determined in accordance with SEC rules and computed in accordance with the methodology used for financial reporting purposes. The dollar amounts reflected in column (b) of the table above do not reflect the actual amount of compensation earned, realized, or received by the PEO during the applicable year, with a significant portion of the value subject to forfeiture in the event that the underlying vesting conditions with respect to the equity awards are not achieved.

    
PEO Total Compensation Amount $ 2,049,906 $ 2,189,624  
PEO Actually Paid Compensation Amount $ 2,594,009 398,008  
Adjustment To PEO Compensation, Footnote

Year

  

Summary
Compensation
Table Total for
PEO

    

Less: Summary
Compensation
Table Total
Equity (Stock
Awards +
Option
Awards)

    

Plus: Fair Value
as of Fiscal
Year-End
of Stock and
Option Awards
Granted in
Covered Year

    

Plus: Change in
Fair Value of
Outstanding
Unvested Stock
and Option
Awards From
Prior Years

    

Plus: Change in
Fair Value of
Stock and
Option Awards
from Prior
Years that
Vested in the
Covered Year ($)

    

Less: Fair Value
at Prior Fiscal
Year-End
of Stock and
Option Awards
Forfeited
during the
Covered Year ($)

    

Compensation
Actually Paid
to PEO

  

2023

   $ 2,049,906     $ 715,006     $ 1,102,443     $ 157,783     $ (1,117 )     —     $ 2,594,009  

2022

   $ 2,189,624     $ 860,049     $ 494,368     $ (14,280 )   $ (1,411,655 )     —     $ 398,008  

2021

First PEO

   $ 1,672,241       —       —     $ 28,902     $ 18,020       —     $ 1,719,163  

2021

Second PEO

   $ 1,652,267       —       —     $ 9,078,015     $ 7,352,750       —     $ 18,083,032  

 

Column (c). Reflects compensation amounts reported in the Summary Compensation Table. The following non-PEO NEOs are included in the average amounts shown:

2023: David G. Hanna and William R. McCamey

2022: David G. Hanna and William R. McCamey

2021: William R. McCamey

 

Column (d). Reflects the respective amounts set forth in column (c) of the table above, adjusted as set forth in the table below, as determined in accordance with SEC rules and computed in accordance with the methodology used for financial reporting purposes. The dollar amounts reflected in column (d) of the table above do not reflect the actual amount of compensation earned, realized, or received by the non-PEO NEOs during the applicable year, with a significant portion of the value subject to forfeiture in the event that the underlying vesting conditions with respect to the equity awards are not achieved.

    
Non-PEO NEO Average Total Compensation Amount $ 1,868,381 2,144,495 $ 1,462,683
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,045,970 2,018,996 6,083,605
Adjustment to Non-PEO NEO Compensation Footnote

Year

  

Summary
Compensation
Table Total for
Non-PEO
NEOs

    

Less: Summary
Compensation
Table Total
Equity (Stock
Awards +
Option
Awards)

    

Plus: Fair Value
as of Fiscal Year-End
of Stock and
Option Awards
Granted in
Covered Year

    

Plus: Change
in Fair Value of
Outstanding
Unvested
Stock and
Option Awards From
Prior Years

    

Plus: Change in
Fair Value of
Stock and
Option Awards
from Prior
Years that
Vested in the
Covered Year ($)

    

Less: Fair Value
at Prior Fiscal

Year-End
of Stock and
Option Awards
Forfeited

during the
Covered Year ($)

    

Compensation
Actually Paid
to Non-PEO
NEOs

  

2023

   $ 1,868,381     $ 250,010     $ 385,482     $ 42,411     $ (294 )     —     $ 2,045,970  

2022

   $ 2,144,495     $ 230,020     $ 132,219     $ (14,280 )   $ (13,418 )     —     $ 2,018,996  

2021

   $ 1,462,683       —       —     $ 28,902     $ 4,592,020       —     $ 6,083,605  

 

Column (e). For the relevant fiscal year, represents the cumulative total shareholder return (“TSR”) of Atlanticus through December 31 of the applicable fiscal year, assuming $100 was invested on December 31, 2020.

 

Column (f). Reflects Net Income in Atlanticus’ Consolidated Statements of Income included in the Company’s Annual Reports on Form 10-K for each of the years ended December 31, 2023, 2022 and 2021.

 

 

    
Compensation Actually Paid vs. Total Shareholder Return

Relationship Between Compensation Actually Paid and Certain Financial Performance Measures

 

The following graphs illustrate the relationship between compensation actually paid to our PEO and other NEOs in 2023, 2022 and 2021 and certain financial performance measures.         

 

Relationship Between Compensation Actually Paid and TSR

 

The following graph illustrates the relationship between compensation actually paid to our PEO and other NEOs, the cumulative total shareholder return (“TSR”) on $100 investing in Atlanticus’ Common Stock at the close of the market on December 31, 2020, with dividends reinvested on the date paid through December 31, 2023.

 

image01.jpg
    
Compensation Actually Paid vs. Net Income

Relationship Between Compensation Actually Paid and Net Income

 

The following graph illustrates the relationship between compensation actually paid to our PEO and other NEOs and Atlanticus’ Net Income in 2023, 2022 and 2021.

 

image02.jpg

 

 

    
Total Shareholder Return Amount $ 157 106.37 289.57
Net Income (Loss) 101,954,000 134,612,000 177,789,000
PEO Less: Summary Compensation Table Total Equity (Stock Awards +Option Awards) [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 715,006 860,049  
PEO Plus: Fair Value as of Fiscal Year-End of Stock and Option Awards Granted in Covered Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 1,102,443 494,368  
PEO Plus: Change in Fair Value of Outstanding Unvested Stock and Option Awards From Prior Years [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 157,783 (14,280)  
PEO Plus: Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year ($) [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (1,117) (1,411,655)  
PEO Less Fair Value At Prior Fiscal Year-End of Stock And Option Awards Forfeited During The Covered Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0  
NEO Less: Summary Compensation Table Total Equity (Stock Awards +Option Awards) [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 250,010 230,020 0
NEO Plus: Fair Value as of Fiscal Year-End of Stock and Option Awards Granted in Covered Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 385,482 132,219 0
NEO Plus: Change in Fair Value of Outstanding Unvested Stock and Option Awards From Prior Years [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 42,411 (14,280) 28,902
NEO Plus: Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year ($) [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (294) (13,418) 4,592,020
NEO Less: Fair Value at Prior Fiscal Year-End of Stock And Option Awards Forfeited During The Covered Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 0 $ 0 0
First PEO [Member]      
Pay vs Performance Disclosure      
PEO Total Compensation Amount     1,672,241
PEO Actually Paid Compensation Amount     1,719,163
First PEO [Member] | PEO Less: Summary Compensation Table Total Equity (Stock Awards +Option Awards) [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     0
First PEO [Member] | PEO Plus: Fair Value as of Fiscal Year-End of Stock and Option Awards Granted in Covered Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     0
First PEO [Member] | PEO Plus: Change in Fair Value of Outstanding Unvested Stock and Option Awards From Prior Years [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     28,902
First PEO [Member] | PEO Plus: Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year ($) [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     18,020
First PEO [Member] | PEO Less Fair Value At Prior Fiscal Year-End of Stock And Option Awards Forfeited During The Covered Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     0
Second PEO [Member]      
Pay vs Performance Disclosure      
PEO Total Compensation Amount     1,652,267
PEO Actually Paid Compensation Amount     18,083,032
Second PEO [Member] | PEO Less: Summary Compensation Table Total Equity (Stock Awards +Option Awards) [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     0
Second PEO [Member] | PEO Plus: Fair Value as of Fiscal Year-End of Stock and Option Awards Granted in Covered Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     0
Second PEO [Member] | PEO Plus: Change in Fair Value of Outstanding Unvested Stock and Option Awards From Prior Years [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     9,078,015
Second PEO [Member] | PEO Plus: Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year ($) [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     7,352,750
Second PEO [Member] | PEO Less Fair Value At Prior Fiscal Year-End of Stock And Option Awards Forfeited During The Covered Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     $ 0