0000723612 2022-01-01 2022-12-31 0000723612 2020-01-01 2020-12-31 0000723612 2021-01-01 2021-12-31 0000723612 car:FairValueAt1231OfEquityAwardsGrantedDuringTheYearAndUnvestedAt1231Member ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0000723612 car:FairValueAt1231OfEquityAwardsGrantedDuringTheYearAndUnvestedAt1231Member ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0000723612 car:FairValueAt1231OfEquityAwardsGrantedDuringTheYearAndUnvestedAt1231Member ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0000723612 car:ForfeituresOfEquityAwardsThatHadValueOn11ThatFailedToVestDuringTheYearMember ecd:PeoMember 2020-01-01 2020-12-31 0000723612 car:ForfeituresOfEquityAwardsThatHadValueOn11ThatFailedToVestDuringTheYearMember ecd:PeoMember 2021-01-01 2021-12-31 0000723612 car:FairValueAt1231OfEquityAwardsGrantedDuringTheYearAndUnvestedAt1231Member ecd:PeoMember 2020-01-01 2020-12-31 0000723612 car:FairValueAtVestingOfEquityAwardsGrantedAndVestedInTheYearMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0000723612 car:FairValueAtVestingOfEquityAwardsGrantedAndVestedInTheYearMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0000723612 car:FairValueAtVestingOfEquityAwardsGrantedAndVestedInTheYearMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0000723612 car:ChangeInFairValueDuringTheYearOfOutstandingEquityAwardsBothOn11And1231Member ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0000723612 car:ChangeInFairValueDuringTheYearOfOutstandingEquityAwardsBothOn11And1231Member ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0000723612 car:ChangeInFairValueDuringTheYearOfOutstandingEquityAwardsBothOn11And1231Member ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0000723612 car:ChangeInFairValueDuringTheYearOfOutstandingEquityAwardsOn11ThatVestedDuringTheYearMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0000723612 car:ChangeInFairValueDuringTheYearOfOutstandingEquityAwardsOn11ThatVestedDuringTheYearMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0000723612 car:ChangeInFairValueDuringTheYearOfOutstandingEquityAwardsOn11ThatVestedDuringTheYearMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0000723612 car:ForfeituresOfEquityAwardsThatHadValueOn11ThatFailedToVestDuringTheYearMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0000723612 car:ForfeituresOfEquityAwardsThatHadValueOn11ThatFailedToVestDuringTheYearMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0000723612 car:ForfeituresOfEquityAwardsThatHadValueOn11ThatFailedToVestDuringTheYearMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0000723612 car:ChangeInFairValueDuringTheYearOfOutstandingEquityAwardsBothOn11And1231Member ecd:PeoMember 2020-01-01 2020-12-31 0000723612 car:FairValueAtVestingOfEquityAwardsGrantedAndVestedInTheYearMember ecd:PeoMember 2020-01-01 2020-12-31 0000723612 car:ChangeInFairValueDuringTheYearOfOutstandingEquityAwardsOn11ThatVestedDuringTheYearMember ecd:PeoMember 2021-01-01 2021-12-31 0000723612 car:FairValueAt1231OfEquityAwardsGrantedDuringTheYearAndUnvestedAt1231Member ecd:PeoMember 2022-01-01 2022-12-31 0000723612 car:FairValueAtVestingOfEquityAwardsGrantedAndVestedInTheYearMember ecd:PeoMember 2022-01-01 2022-12-31 0000723612 car:FairValueAt1231OfEquityAwardsGrantedDuringTheYearAndUnvestedAt1231Member ecd:PeoMember 2021-01-01 2021-12-31 0000723612 car:ChangeInFairValueDuringTheYearOfOutstandingEquityAwardsBothOn11And1231Member ecd:PeoMember 2021-01-01 2021-12-31 0000723612 car:FairValueAtVestingOfEquityAwardsGrantedAndVestedInTheYearMember ecd:PeoMember 2021-01-01 2021-12-31 0000723612 car:ChangeInFairValueDuringTheYearOfOutstandingEquityAwardsBothOn11And1231Member ecd:PeoMember 2022-01-01 2022-12-31 0000723612 car:ChangeInFairValueDuringTheYearOfOutstandingEquityAwardsOn11ThatVestedDuringTheYearMember ecd:PeoMember 2020-01-01 2020-12-31 0000723612 car:ChangeInFairValueDuringTheYearOfOutstandingEquityAwardsOn11ThatVestedDuringTheYearMember ecd:PeoMember 2022-01-01 2022-12-31 0000723612 car:ForfeituresOfEquityAwardsThatHadValueOn11ThatFailedToVestDuringTheYearMember ecd:PeoMember 2022-01-01 2022-12-31 0000723612 ecd:PeoMember 2020-12-31 0000723612 1 2022-01-01 2022-12-31 0000723612 2 2022-01-01 2022-12-31 0000723612 3 2022-01-01 2022-12-31 0000723612 4 2022-01-01 2022-12-31 iso4217:USD DEF 14A false 0000723612 Avis Budget Group, Inc. <div class="h3" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 14pt; font-weight: bold; margin-top: 9.5pt; margin-left: 0pt; text-align: left;">Pay Versus Performance</div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: justify;">In accordance with Section 953(a) of the Dodd-Frank Act and Item 402(v) of SEC Regulation S-K, we are required to disclose the relationship between executive compensation actually paid (“CAP”) by us and our financial performance over the applicable time period of the disclosure. </div> <div class="h5" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-weight: bold; margin-top: 5pt; margin-left: 0pt; text-align: left;">Pay Versus Performance Table</div> <table cellpadding="0" cellspacing="0" class="fintab" style="margin-top: 4pt; border-collapse: collapse; width: 546pt; margin-left: auto; margin-right: auto; border-bottom: 1pt solid #000000;"> <tr class="header"> <td class="gutter" style="width: 0.55%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 13.19%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 1.5pt; text-align: left;">Fiscal <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 1.5pt; text-align: left;">Year</div> </td> <td class="gutter" style="width: 0.75%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.75%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 10.17%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Summary <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Compensation <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Table Total for <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">PEO (a)(b) <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">($)</div> </td> <td class="gutter" style="width: 0.75%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.75%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 10.17%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Compensation <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Actually Paid <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">(CAP) to PEO <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">(a)(c)(d) <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">($)</div> </td> <td class="gutter" style="width: 0.75%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.75%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 10.17%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Average <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Summary <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Compensation <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Table Total for <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Non-PEO <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">NEOs (e)(f)($)</div> </td> <td class="gutter" style="width: 0.75%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.75%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 10.17%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Average <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Compensation <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Actually aid to <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Non-PEO <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">NEOs <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">(e)(g)($)</div> </td> <td class="gutter" style="width: 0.75%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.75%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 8.55%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Total <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Shareholder <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Return <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">(h)($)</div> </td> <td class="gutter" style="width: 0.75%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.75%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 8.55%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Peer Group <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Total <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Shareholder <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Return <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">(h)($)</div> </td> <td class="gutter" style="width: 0.75%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.75%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 7.97%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Net Income <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">($)</div> </td> <td class="gutter" style="width: 0.75%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.75%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 7.97%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><br/> Adjusted EBITDA </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">(i)($)</div> </td> <td class="gutter" style="width: 0.55%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> </tr> <tr> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 13.19%; text-align: left; vertical-align: top; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 1.5pt; text-align: left;">2022</div> </td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 10.17%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 7.76pt; text-align: left;">13,010,743</div> </td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 10.17%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 7.76pt; text-align: left;"><span style="padding-left: 4.45pt;">5,274,544</span></div> </td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 10.17%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 9.99pt; text-align: left;">5,079,055</div> </td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 10.17%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 7.76pt; text-align: left;"><span style="padding-left: 4.45pt;">2,547,482</span></div> </td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 8.55%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 11.1pt; text-align: left;">508.47</div> </td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 8.55%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 11.11pt; text-align: left;">127.96</div> </td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 7.97%; text-align: right; vertical-align: top; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; text-align: right;">2.756 billion</div> </td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 7.97%; text-align: right; vertical-align: top; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; text-align: right;">4.133 billion </div> </td> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> </tr> <tr> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 13.19%; text-align: left; vertical-align: top; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 1.5pt; text-align: left;">2021</div> </td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 10.17%; text-align: center; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 7.76pt; text-align: left;"><span style="padding-left: 4.45pt;">8,594,555</span></div> </td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 10.17%; text-align: center; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 7.76pt; text-align: left;">64,815,057</div> </td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 10.17%; text-align: center; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 9.99pt; text-align: left;">3,344,194</div> </td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 10.17%; text-align: center; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 7.76pt; text-align: left;">21,392,900</div> </td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 8.55%; text-align: center; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 11.1pt; text-align: left;">643.21</div> </td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 8.55%; text-align: center; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 11.11pt; text-align: left;">155.22</div> </td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 7.97%; text-align: right; vertical-align: top; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; text-align: right;">1.283 billion</div> </td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 7.97%; text-align: right; vertical-align: top; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; text-align: right;">2.411 billion</div> </td> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> </tr> <tr> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 13.19%; text-align: left; vertical-align: top; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 1.5pt; text-align: left;">2020</div> </td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 10.17%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 7.76pt; text-align: left;"><span style="padding-left: 4.45pt;">4,915,152</span></div> </td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 10.17%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 7.76pt; text-align: left;"><span style="padding-left: 4.45pt;">4,087,859</span></div> </td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 10.17%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 9.99pt; text-align: left;">2,876,919</div> </td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 10.17%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 7.76pt; text-align: left;"><span style="padding-left: 4.45pt;">2,321,984</span></div> </td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 8.55%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 11.1pt; text-align: left;"><span style="padding-left: 0.59pt;">115.69</span></div> </td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 8.55%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 11.11pt; text-align: left;"><span style="padding-left: 0.59pt;">116.52</span></div> </td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 7.97%; text-align: right; vertical-align: top; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; text-align: right;">​<span style="color: rgb(0, 0, 0); font-family: Arial, Helvetica, sans-serif; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(204, 204, 204); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">​(<span style="text-indent: 0pt;">684</span>) million</span> <br/> </div> </td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.75%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 7.97%; text-align: right; vertical-align: top; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; text-align: right;">​<span style="color: rgb(0, 0, 0); font-family: Arial, Helvetica, sans-serif; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(204, 204, 204); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">(<span style="text-indent: 0pt;">175</span>) million</span> <br/> </div> </td> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 9pt; margin-left: 0pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt;">(a)<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; text-align: left;">The PEO for each year is Mr. Ferraro.</div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 4pt; margin-left: 0pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt;">(b)<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; text-align: left;">Values reflect total compensation as shown in the Summary Compensation Table for each year shown.</div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 4pt; margin-left: 0pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt;">(c)<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; text-align: justify;">In accordance with Item 402(v) of Regulation S-K, CAP is calculated first by subtracting the amounts shown in the Stock Awards column of the Summary Compensation Total (as shown elsewhere in this proxy) for each applicable year. Then the following adjustments are made to the calculation:</div> </td> </tr> </table> <table cellpadding="0" cellspacing="0" class="fintab" style="margin-top: 4pt; border-collapse: collapse; width: 546pt; margin-left: auto; margin-right: auto; border-bottom: 1pt solid #000000;"> <tr class="header"> <td class="gutter" style="width: 0.55%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 17.58%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 1.5pt; text-align: left;">Year</div> </td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 12.94%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Fair Value at 12/31 <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">of equity awards <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">granted during the <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">year and unvested <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">at 12/31 ($)</div> </td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 11.97%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Fair Value at <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">vesting of equity <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">awards granted <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">and vested in the <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">year ($)</div> </td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 13.92%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Change in fair value <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">during the year of <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">outstanding equity <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">awards both on 1/1 <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">and 12/31 ($)</div> </td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 18.55%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Change in fair value <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">during the year of <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">outstanding equity awards <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">on 1/1 that vested during <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">the year ($)</div> </td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 14.16%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Forfeitures of equity <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">awards that had <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">value on 1/1 that <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">failed to vest during <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">the year ($)</div> </td> <td class="gutter" style="width: 0.55%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> </tr> <tr> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 17.58%; text-align: left; vertical-align: top; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 1.5pt; text-align: left;">2022</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 12.94%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 15.31pt; text-align: left;"><span style="padding-left: 4.45pt;">8,197,914</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 11.97%; text-align: left; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 18.21pt; text-align: left;"><span style="padding-left: 24.46pt;">0</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 13.92%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 17.99pt; text-align: left;"><span style="padding-left: 1.78pt;">(8,584,873)</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 18.55%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 33.17pt; text-align: left;"><span style="padding-left: 6.08pt;">850,627</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 14.16%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 36.43pt; text-align: left;">0</div> </td> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> </tr> <tr> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 17.58%; text-align: left; vertical-align: top; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 1.5pt; text-align: left;">2021</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 12.94%; text-align: center; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 15.31pt; text-align: left;">20,813,727</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 11.97%; text-align: left; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 18.21pt; text-align: left;"><span style="padding-left: 24.46pt;">0</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 13.92%; text-align: center; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 17.99pt; text-align: left;">35,195,582</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 18.55%; text-align: center; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 33.17pt; text-align: left;">5,211,225</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 14.16%; text-align: center; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 36.43pt; text-align: left;">0</div> </td> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> </tr> <tr> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 17.58%; text-align: left; vertical-align: top; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 1.5pt; text-align: left;">2020</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 12.94%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 15.31pt; text-align: left;"><span style="padding-left: 4.45pt;">2,608,091</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 11.97%; text-align: left; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 18.21pt; text-align: left;">699,225</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 13.92%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 17.99pt; text-align: left;"><span style="padding-left: 8.45pt;">(770,708)</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 18.55%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 33.17pt; text-align: left;"><span style="padding-left: 3.42pt;">(159,758)</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 14.16%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 36.43pt; text-align: left;">0</div> </td> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 9pt; margin-left: 0pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt;">(d)<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; text-align: justify;">In addition, for 2020, $81,463 of pension earnings in the Summary Compensation has been removed when calculating CAP, and no additional pension values have been included for any years as there are no service costs because the Avis Rent A Car System, LLC Pension Plan was frozen as of December 31, 1998.</div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 4pt; margin-left: 0pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt;">(e)<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; text-align: justify;">Included NEOs for 2022 are Messrs. Choi, Hees and Simhambhatla and Ms. Martins. Included NEOs for 2021 are Messrs. Choi, Hees, Sita, and Rankin. Included NEOs for 2020 are Messrs. Choi, Hees, Rankin, North, and Tucker and Ms. Martins.</div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 4pt; margin-left: 0pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt;">(f)<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; text-align: left;">Values reflect the average total compensation as shown in the Summary Compensation Table for the included NEOs for each year shown.</div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 4pt; margin-left: 0pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt;">(g)<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; text-align: justify;">In accordance with Item 402(v) of Regulation S-K, CAP is calculated first by subtracting the average of the amounts shown in the Stock Awards column of the Summary Compensation Total (as shown elsewhere in this proxy or the proxy for the applicable prior year) for each applicable year. Then the following adjustments are made to the calculation:</div> </td> </tr> </table> <table cellpadding="0" cellspacing="0" class="fintab" style="margin-top: 4pt; border-collapse: collapse; width: 546pt; margin-left: auto; margin-right: auto; border-bottom: 1pt solid #000000;"> <tr class="header"> <td class="gutter" style="width: 0.55%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 17.58%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 1.5pt; text-align: left;">Year</div> </td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 12.94%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Fair Value at 12/31 <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">of equity awards <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">granted during the <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">year and unvested <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">at 12/31 ($)</div> </td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 11.97%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Fair Value at <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">vesting of equity <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">awards granted <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">and vested in the <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">year ($)</div> </td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 13.92%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Change in fair value <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">during the year of <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">outstanding equity <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">awards both on 1/1 <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">and 12/31 ($)</div> </td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 18.55%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Change in fair value <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">during the year of <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">outstanding equity awards <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">on 1/1 that vested during <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">the year ($)</div> </td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 14.16%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Forfeitures of equity <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">awards that had <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">value on 1/1 that <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">failed to vest during <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">the year ($)</div> </td> <td class="gutter" style="width: 0.55%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> </tr> <tr> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 17.58%; text-align: left; vertical-align: top; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 1.5pt; text-align: left;">2022</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 12.94%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 17.54pt; text-align: left;">3,955,662</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 11.97%; text-align: left; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 20.43pt; text-align: left;"><span style="padding-left: 20pt;">0</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 13.92%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 18.28pt; text-align: left;"><span style="padding-left: 1.19pt;">(1,719,420)</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 18.55%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 32.87pt; text-align: left;"><span style="padding-left: 4.01pt;">(980,296)</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 14.16%; text-align: left; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 25.09pt; text-align: left;"><span style="padding-left: 22.67pt;">0</span></div> </td> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> </tr> <tr> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 17.58%; text-align: left; vertical-align: top; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 1.5pt; text-align: left;">2021</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 12.94%; text-align: center; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 17.54pt; text-align: left;">6,595,092</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 11.97%; text-align: left; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 20.43pt; text-align: left;"><span style="padding-left: 20pt;">0</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 13.92%; text-align: center; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 18.28pt; text-align: left;">11,794,300</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 18.55%; text-align: center; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 32.87pt; text-align: left;">1,534,325</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 14.16%; text-align: left; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 25.09pt; text-align: left;"><span style="padding-left: 22.67pt;">0</span></div> </td> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> </tr> <tr> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 17.58%; text-align: left; vertical-align: top; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 1.5pt; text-align: left;">2020</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 12.94%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 17.54pt; text-align: left;"><span style="padding-left: 0.59pt;">1,481,115</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 11.97%; text-align: left; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 20.43pt; text-align: left;">27,969</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 13.92%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 18.28pt; text-align: left;"><span style="padding-left: 7.86pt;">(172,866)</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 18.55%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 32.87pt; text-align: left;"><span style="padding-left: 8.45pt;">(91,304)</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 14.16%; text-align: left; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 25.09pt; text-align: left;">(89,236)</div> </td> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 9pt; margin-left: 0pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt;">(h)<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; text-align: justify;">Total Shareholder Return (“TSR”) is determined based on the value of an initial fixed investment of $100 on December 31, 2019. The peer group TSR reflects the Dow Jones US Transportation Average Index. </div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 4pt; margin-left: 0pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt;">(i)<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; text-align: justify;">The Company-selected measure is Adjusted EBITDA, which is a non-GAAP financial metric further described in the Compensation Discussion and Analysis section above.</div> </td> </tr> </table> Adjusted EBITDA 13010743 5274544 5079055 2547482 508.47 127.96 2756000000 4133000000 8594555 64815057 3344194 21392900 643.21 155.22 1283000000 2411000000 4915152 4087859 2876919 2321984 115.69 116.52 -684000000 -175000000 Mr. Ferraro Mr. Ferraro Mr. Ferraro <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 4pt; margin-left: 0pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt;">(c)<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; text-align: justify;">In accordance with Item 402(v) of Regulation S-K, CAP is calculated first by subtracting the amounts shown in the Stock Awards column of the Summary Compensation Total (as shown elsewhere in this proxy) for each applicable year. Then the following adjustments are made to the calculation:</div> </td> </tr> </table> <table cellpadding="0" cellspacing="0" class="fintab" style="margin-top: 4pt; border-collapse: collapse; width: 546pt; margin-left: auto; margin-right: auto; border-bottom: 1pt solid #000000;"> <tr class="header"> <td class="gutter" style="width: 0.55%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 17.58%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 1.5pt; text-align: left;">Year</div> </td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 12.94%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Fair Value at 12/31 <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">of equity awards <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">granted during the <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">year and unvested <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">at 12/31 ($)</div> </td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 11.97%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Fair Value at <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">vesting of equity <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">awards granted <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">and vested in the <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">year ($)</div> </td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 13.92%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Change in fair value <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">during the year of <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">outstanding equity <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">awards both on 1/1 <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">and 12/31 ($)</div> </td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 18.55%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Change in fair value <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">during the year of <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">outstanding equity awards <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">on 1/1 that vested during <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">the year ($)</div> </td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 14.16%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Forfeitures of equity <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">awards that had <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">value on 1/1 that <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">failed to vest during <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">the year ($)</div> </td> <td class="gutter" style="width: 0.55%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> </tr> <tr> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 17.58%; text-align: left; vertical-align: top; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 1.5pt; text-align: left;">2022</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 12.94%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 15.31pt; text-align: left;"><span style="padding-left: 4.45pt;">8,197,914</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 11.97%; text-align: left; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 18.21pt; text-align: left;"><span style="padding-left: 24.46pt;">0</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 13.92%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 17.99pt; text-align: left;"><span style="padding-left: 1.78pt;">(8,584,873)</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 18.55%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 33.17pt; text-align: left;"><span style="padding-left: 6.08pt;">850,627</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 14.16%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 36.43pt; text-align: left;">0</div> </td> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> </tr> <tr> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 17.58%; text-align: left; vertical-align: top; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 1.5pt; text-align: left;">2021</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 12.94%; text-align: center; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 15.31pt; text-align: left;">20,813,727</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 11.97%; text-align: left; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 18.21pt; text-align: left;"><span style="padding-left: 24.46pt;">0</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 13.92%; text-align: center; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 17.99pt; text-align: left;">35,195,582</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 18.55%; text-align: center; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 33.17pt; text-align: left;">5,211,225</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 14.16%; text-align: center; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 36.43pt; text-align: left;">0</div> </td> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> </tr> <tr> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 17.58%; text-align: left; vertical-align: top; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 1.5pt; text-align: left;">2020</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 12.94%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 15.31pt; text-align: left;"><span style="padding-left: 4.45pt;">2,608,091</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 11.97%; text-align: left; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 18.21pt; text-align: left;">699,225</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 13.92%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 17.99pt; text-align: left;"><span style="padding-left: 8.45pt;">(770,708)</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 18.55%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 33.17pt; text-align: left;"><span style="padding-left: 3.42pt;">(159,758)</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 14.16%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 36.43pt; text-align: left;">0</div> </td> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> </tr> </table> 8197914 0 -8584873 850627 0 20813727 0 35195582 5211225 0 2608091 699225 -770708 -159758 0 81463 <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 4pt; margin-left: 0pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt;">(e)<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; text-align: justify;">Included NEOs for 2022 are Messrs. Choi, Hees and Simhambhatla and Ms. Martins. Included NEOs for 2021 are Messrs. Choi, Hees, Sita, and Rankin. Included NEOs for 2020 are Messrs. Choi, Hees, Rankin, North, and Tucker and Ms. Martins.</div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 4pt; margin-left: 0pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt;">(g)<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; text-align: justify;">In accordance with Item 402(v) of Regulation S-K, CAP is calculated first by subtracting the average of the amounts shown in the Stock Awards column of the Summary Compensation Total (as shown elsewhere in this proxy or the proxy for the applicable prior year) for each applicable year. Then the following adjustments are made to the calculation:</div> </td> </tr> </table> <table cellpadding="0" cellspacing="0" class="fintab" style="margin-top: 4pt; border-collapse: collapse; width: 546pt; margin-left: auto; margin-right: auto; border-bottom: 1pt solid #000000;"> <tr class="header"> <td class="gutter" style="width: 0.55%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 17.58%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 1.5pt; text-align: left;">Year</div> </td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 12.94%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Fair Value at 12/31 <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">of equity awards <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">granted during the <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">year and unvested <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">at 12/31 ($)</div> </td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 11.97%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Fair Value at <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">vesting of equity <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">awards granted <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">and vested in the <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">year ($)</div> </td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 13.92%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Change in fair value <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">during the year of <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">outstanding equity <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">awards both on 1/1 <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">and 12/31 ($)</div> </td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 18.55%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Change in fair value <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">during the year of <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">outstanding equity awards <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">on 1/1 that vested during <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">the year ($)</div> </td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td class="gutter" style="width: 0.98%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> <td style="width: 14.16%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Forfeitures of equity <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">awards that had <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">value on 1/1 that <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">failed to vest during <br/> </div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">the year ($)</div> </td> <td class="gutter" style="width: 0.55%; font-size: 2pt; border-bottom: 1pt solid #000000; padding-top: 3pt; padding-bottom: 4pt;">​</td> </tr> <tr> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 17.58%; text-align: left; vertical-align: top; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 1.5pt; text-align: left;">2022</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 12.94%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 17.54pt; text-align: left;">3,955,662</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 11.97%; text-align: left; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 20.43pt; text-align: left;"><span style="padding-left: 20pt;">0</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 13.92%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 18.28pt; text-align: left;"><span style="padding-left: 1.19pt;">(1,719,420)</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 18.55%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 32.87pt; text-align: left;"><span style="padding-left: 4.01pt;">(980,296)</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> <td style="width: 14.16%; text-align: left; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 4pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 25.09pt; text-align: left;"><span style="padding-left: 22.67pt;">0</span></div> </td> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 4pt; padding-bottom: 3.5pt;">​</td> </tr> <tr> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 17.58%; text-align: left; vertical-align: top; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 1.5pt; text-align: left;">2021</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 12.94%; text-align: center; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 17.54pt; text-align: left;">6,595,092</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 11.97%; text-align: left; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 20.43pt; text-align: left;"><span style="padding-left: 20pt;">0</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 13.92%; text-align: center; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 18.28pt; text-align: left;">11,794,300</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 18.55%; text-align: center; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 32.87pt; text-align: left;">1,534,325</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> <td style="width: 14.16%; text-align: left; vertical-align: top; background-color: #FFFFFF; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 25.09pt; text-align: left;"><span style="padding-left: 22.67pt;">0</span></div> </td> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #FFFFFF; padding-top: 3.5pt; padding-bottom: 3.5pt;">​</td> </tr> <tr> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 17.58%; text-align: left; vertical-align: top; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 1.5pt; text-align: left;">2020</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 12.94%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 17.54pt; text-align: left;"><span style="padding-left: 0.59pt;">1,481,115</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 11.97%; text-align: left; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 20.43pt; text-align: left;">27,969</div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 13.92%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 18.28pt; text-align: left;"><span style="padding-left: 7.86pt;">(172,866)</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 18.55%; text-align: center; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 32.87pt; text-align: left;"><span style="padding-left: 8.45pt;">(91,304)</span></div> </td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 0.98%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> <td style="width: 14.16%; text-align: left; vertical-align: top; background-color: #CCCCCC; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; margin-top: 0pt; margin-left: 25.09pt; text-align: left;">(89,236)</div> </td> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3.5pt; padding-bottom: 1.5pt;">​</td> </tr> </table> 3955662 0 -1719420 -980296 0 6595092 0 11794300 1534325 0 1481115 27969 -172866 -91304 -89236 <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 9pt; margin-left: 0pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt;">(h)<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; text-align: justify;">Total Shareholder Return (“TSR”) is determined based on the value of an initial fixed investment of $100 on December 31, 2019. The peer group TSR reflects the Dow Jones US Transportation Average Index. </div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 4pt; margin-left: 0pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt;">(i)<br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 8pt; text-align: justify;">The Company-selected measure is Adjusted EBITDA, which is a non-GAAP financial metric further described in the Compensation Discussion and Analysis section above.</div> </td> </tr> </table> <div class="h5" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-weight: bold; margin-top: 6.75pt; margin-left: 0pt; text-align: left;">Most Important Financial Measures</div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: justify;">The financial measures determined to be most important by the Committee under our incentive compensation programs are as follows:</div> <table cellpadding="0" cellspacing="0" class="txttab" style="margin-top: 4pt; border-collapse: collapse; width: 546pt; margin-left: auto; margin-right: auto; border-bottom: 1pt solid #000000;"> <tr> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3pt; padding-bottom: 1.5pt;">​</td> <td style="width: 23.08%; text-align: left; vertical-align: top; background-color: #CCCCCC; padding-top: 3pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-left: 1.5pt; text-align: left;">Adjusted EBITDA</div> </td> <td class="gutter" style="width: 1.1%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 1.1%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3pt; padding-bottom: 1.5pt;">​</td> <td style="width: 23.08%; text-align: left; vertical-align: top; background-color: #CCCCCC; padding-top: 3pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Fixed Cost</div> </td> <td class="gutter" style="width: 1.1%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 1.1%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3pt; padding-bottom: 1.5pt;">​</td> <td style="width: 23.08%; text-align: left; vertical-align: top; background-color: #CCCCCC; padding-top: 3pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Variable Cost</div> </td> <td class="gutter" style="width: 1.1%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3pt; padding-bottom: 1.5pt;">​</td> <td class="gutter" style="width: 1.1%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3pt; padding-bottom: 1.5pt;">​</td> <td style="width: 23.08%; text-align: left; vertical-align: top; background-color: #CCCCCC; padding-top: 3pt; padding-bottom: 1.5pt;"> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Net Promoter Score</div> </td> <td class="gutter" style="width: 0.55%; border-bottom: none; font-size: 2pt; background-color: #CCCCCC; padding-top: 3pt; padding-bottom: 1.5pt;">​</td> </tr> </table> Adjusted EBITDA Fixed Cost Variable Cost Net Promoter Score <div class="h5" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-weight: bold; margin-top: 18pt; margin-left: 0pt; text-align: left;">Analysis of the Information Presented in the Pay Versus Performance Table</div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: justify;">As required by Item 402(v) of Regulation S-K, the Company is providing the following descriptions of the relationships between CAP and the metrics presented in the Pay Versus Performance table.</div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: justify;">For the three-year period shown in the table above, the amount of CAP is aligned with the Company’s TSR. For this same three-year period, our TSR has exceeded that of the peer group TSR presented in the table. The alignment of CAP with the Company’s TSR over the period presented is because a significant portion of the CAP is in the form of equity awards the value of which varies year to year depending on the stock price. For example, given the significant change in the Company’s 2020 TSR of $115.69 compared to the Company’s 2021 TSR of $643.21, the amount of 2021 CAP significantly exceeds 2020. Since the Company’s 2022 TSR of $508.47 was lower than the Company’s 2021 TSR of $643.21, the amount of 2022 CAP declined. </div> <div class="h5" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-weight: bold; margin-top: 18pt; margin-left: 0pt; text-align: left;">Analysis of the Information Presented in the Pay Versus Performance Table</div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: justify;">As required by Item 402(v) of Regulation S-K, the Company is providing the following descriptions of the relationships between CAP and the metrics presented in the Pay Versus Performance table.</div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: justify;">As shown in the table above, the amount of CAP is generally aligned with the Company’s net income over the three years presented in the table. While the Company does not use net income as a performance measure in its executive compensation program, the measure of net income is correlated with the measure Adjusted EBITDA, which is a performance goal under both the annual and long-term incentive compensation programs. CAP declined in 2022 although Adjusted EBITDA increased, primarily as a result of the impact of stock price on the calculation of CAP.</div> <div class="h5" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-weight: bold; margin-top: 18pt; margin-left: 0pt; text-align: left;">Analysis of the Information Presented in the Pay Versus Performance Table</div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: justify;">As required by Item 402(v) of Regulation S-K, the Company is providing the following descriptions of the relationships between CAP and the metrics presented in the Pay Versus Performance table.</div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: justify;">As shown in the table above, the amount of CAP is generally aligned with the Company’s net income over the three years presented in the table. While the Company does not use net income as a performance measure in its executive compensation program, the measure of net income is correlated with the measure Adjusted EBITDA, which is a performance goal under both the annual and long-term incentive compensation programs. CAP declined in 2022 although Adjusted EBITDA increased, primarily as a result of the impact of stock price on the calculation of CAP.</div> <div class="h5" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-weight: bold; margin-top: 18pt; margin-left: 0pt; text-align: left;">Analysis of the Information Presented in the Pay Versus Performance Table</div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: justify;">As required by Item 402(v) of Regulation S-K, the Company is providing the following descriptions of the relationships between CAP and the metrics presented in the Pay Versus Performance table.</div> <div class="fpara" style="color: #000000; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: justify;">For the three-year period shown in the table above, the amount of CAP is aligned with the Company’s TSR. For this same three-year period, our TSR has exceeded that of the peer group TSR presented in the table. The alignment of CAP with the Company’s TSR over the period presented is because a significant portion of the CAP is in the form of equity awards the value of which varies year to year depending on the stock price. For example, given the significant change in the Company’s 2020 TSR of $115.69 compared to the Company’s 2021 TSR of $643.21, the amount of 2021 CAP significantly exceeds 2020. Since the Company’s 2022 TSR of $508.47 was lower than the Company’s 2021 TSR of $643.21, the amount of 2022 CAP declined. </div>