0001042893 2023-01-01 2023-12-31 0001042893 2020-01-01 2020-12-31 0001042893 2021-01-01 2021-12-31 0001042893 2022-01-01 2022-12-31 0001042893 drq:MrBirdMember 2023-01-01 2023-12-31 0001042893 drq:YearEndFairValueOfOutstandingAndUnvestedEquityAwardsGrantedIn2023Member ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001042893 drq:AverageValueOfStockAwardsReportedInSummaryCompensationMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001042893 drq:ChangeInFairValueFromDecember312022ToTheVestingDateOfEquityAwardsGrantedInPriorYearsThatVestedInTheYearMember ecd:PeoMember drq:MrBirdMember 2023-01-01 2023-12-31 0001042893 drq:ChangeInFairValueFromDecember312022ToDecember312023OfOutstandingAndUnvestedEquityAwardsGrantedInPriorYearsMember ecd:PeoMember drq:MrBirdMember 2023-01-01 2023-12-31 0001042893 drq:YearEndFairValueOfOutstandingAndUnvestedEquityAwardsGrantedIn2023Member ecd:PeoMember drq:MrBirdMember 2023-01-01 2023-12-31 0001042893 drq:AverageValueOfStockAwardsReportedInSummaryCompensationMember ecd:PeoMember drq:MrBirdMember 2023-01-01 2023-12-31 0001042893 drq:ChangeInFairValueFromDecember312022ToTheVestingDateOfEquityAwardsGrantedInPriorYearsThatVestedInTheYearMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001042893 drq:ChangeInFairValueFromDecember312022ToDecember312023OfOutstandingAndUnvestedEquityAwardsGrantedInPriorYearsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001042893 1 2023-01-01 2023-12-31 0001042893 3 2023-01-01 2023-12-31 0001042893 2 2023-01-01 2023-12-31 0001042893 drq:MrBirdMember 2022-01-01 2022-12-31 0001042893 drq:MrDeberryMember 2021-01-01 2021-12-31 0001042893 drq:MrDeberryMember 2020-01-01 2020-12-31 iso4217:USD DEF 14A false 0001042893 DRIL-QUIP, INC. <div id="toc558720_42" style="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:arial"><div style="color: rgb(0, 130, 202); letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div id="txa558720_120" style="letter-spacing: 0px; top: 0px;;display:inline;"></div>Pay Versus Performance </div></div></div></div><div style="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:arial">As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">S-K,</div> we are providing the following information about the relationship between executive “compensation actually paid” and certain financial performance of the Company. For further information concerning the Company’s pay for performance philosophy and how the Company aligns executive compensation with the Company’s performance, refer to “Executive Compensation — Compensation Discussion and Analysis.” </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:arial; font-size:8pt;width:100%;border:0;margin:0 auto"> <tr> <td style="width:22%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:7pt"> <td rowspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 1pt; text-indent: 0.57em; font-size: 7pt; font-family: arial; line-height: normal;"><div style="color: rgb(0, 130, 202); letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Year</div></div></div></div></td> <td rowspan="2" style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td> <td colspan="2" rowspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom;text-align:center;"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 7pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(0, 130, 202); letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Summary<br/>Compensation<br/>Table Total for<br/>Mr. Bird (1)</div></div></div></div></td> <td rowspan="2" style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td> <td rowspan="2" style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td> <td colspan="2" rowspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom;text-align:center;"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 7pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(0, 130, 202); letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Compensation<br/>Actually<br/>Paid to<br/>Mr. Bird (2)</div></div></div></div></td> <td rowspan="2" style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td> <td rowspan="2" style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td> <td colspan="2" rowspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom;text-align:center;"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 7pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(0, 130, 202); letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Summary<br/>Compensation<br/>Table Total for<br/>Mr. DeBerry (3)</div></div></div></div></td> <td rowspan="2" style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td> <td rowspan="2" style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td> <td colspan="2" rowspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom;text-align:center;"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 7pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(0, 130, 202); letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Compensation<br/>Actually<br/>Paid to<br/>Mr. DeBerry (4)</div></div></div></div></td> <td rowspan="2" style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td> <td rowspan="2" style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td> <td colspan="2" rowspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom;text-align:center;"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 7pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(0, 130, 202); letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Average<br/>Summary<br/>Compensation<br/>Table Total for<br/>Non-PEO<br/>NEOs (5)</div></div></div></div></td> <td rowspan="2" style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td> <td rowspan="2" style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td> <td colspan="2" rowspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom;text-align:center;"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 7pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(0, 130, 202); letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Average<br/>Compensation<br/>Actually Paid<br/>to Non-PEO<br/>NEOs (6)</div></div></div></div></td> <td rowspan="2" style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td> <td colspan="6" style="padding-bottom:2pt ;BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom;text-align:center;"><div style="color: rgb(0, 130, 202); letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value of Initial Fixed<br/>$100 Investment Based<br/>On:</div></div></div></td> <td style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td> <td rowspan="2" style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td> <td colspan="2" rowspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom;text-align:center;"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 7pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(0, 130, 202); letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net Income (9)</div></div></div></div></td> <td rowspan="2" style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td> <td rowspan="2" style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td> <td colspan="2" rowspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom;text-align:center;"><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 7pt; font-family: arial; text-align: center; line-height: normal;"><div style="color: rgb(0, 130, 202); letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Adjusted<br/>EBITDA (10)</div></div></div></div></td> <td rowspan="2" style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:7pt"> <td style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td> <td colspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom;text-align:center;"><div style="color: rgb(0, 130, 202); letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total<br/>Shareholder<br/>Return (7)</div></div></div></td> <td style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td> <td colspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom;text-align:center;"><div style="color: rgb(0, 130, 202); letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Peer Group<br/>Total<br/>Shareholder<br/>Return (8)</div></div></div></td> <td style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#e5e5e5"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:8pt;background-color:#e5e5e5"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25em; text-indent: 0.13em; font-size: 8pt; font-family: arial; line-height: normal;">2023</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">$</td> <td style="vertical-align:bottom;text-align:right;">3,739,195</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">$</td> <td style="vertical-align:bottom;text-align:right;">2,000,342</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;">— </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 2pt; line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 2pt; line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 2pt; line-height: normal;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">$</td> <td style="vertical-align:bottom;text-align:right;">1,477,500</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">$</td> <td style="vertical-align:bottom;text-align:right;">708,151</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">$</td> <td style="vertical-align:bottom;text-align:right;">49.61</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">$</td> <td style="vertical-align:bottom;text-align:right;">116.80</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">$</td> <td style="vertical-align:bottom;text-align:right;">604,000</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">$</td> <td style="vertical-align:bottom;text-align:right;">46,542,000</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25em; text-indent: 0.13em; font-size: 8pt; font-family: arial; line-height: normal;">2022</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">$</td> <td style="vertical-align:bottom;text-align:right;">4,056,407</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">$</td> <td style="vertical-align:bottom;text-align:right;">3,246,493</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;">— </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 2pt; line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 2pt; line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 2pt; line-height: normal;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">$</td> <td style="vertical-align:bottom;text-align:right;">2,278,770</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">$</td> <td style="vertical-align:bottom;text-align:right;">1,928,341</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">$</td> <td style="vertical-align:bottom;text-align:right;">57.92</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">$</td> <td style="vertical-align:bottom;text-align:right;">114.74</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">$</td> <td style="vertical-align:bottom;text-align:right;">443,000</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">$</td> <td style="vertical-align:bottom;text-align:right;">29,973,000</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#e5e5e5"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:8pt;background-color:#e5e5e5"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25em; text-indent: 0.13em; font-size: 8pt; font-family: arial; line-height: normal;">2021</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;">— </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;">— </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">$</td> <td style="vertical-align:bottom;text-align:right;">6,083,948</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">$</td> <td style="vertical-align:bottom;text-align:right;">(165,868</td> <td style="white-space:nowrap;vertical-align:bottom">) </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">$</td> <td style="vertical-align:bottom;text-align:right;">1,734,119</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">$</td> <td style="vertical-align:bottom;text-align:right;">(302,041</td> <td style="white-space:nowrap;vertical-align:bottom">) </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">$</td> <td style="vertical-align:bottom;text-align:right;">41.95</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">$</td> <td style="vertical-align:bottom;text-align:right;">69.75</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">($</td> <td style="vertical-align:bottom;text-align:right;">127,996,000</td> <td style="white-space:nowrap;vertical-align:bottom">) </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom">$</td> <td style="vertical-align:bottom;text-align:right;">15,229,000</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:8pt"> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25em; text-indent: 0.13em; font-size: 8pt; font-family: arial; line-height: normal;">2020</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom"> </td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom;text-align:right;">— </td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom"> </td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom"> </td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom;text-align:right;">— </td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom"> </td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom">$</td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom;text-align:right;">3,985,828</td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom"> </td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom">$</td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom;text-align:right;">585,955</td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom"> </td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom">$</td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom;text-align:right;">2,065,660</td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom"> </td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom">$</td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom;text-align:right;">1,125,211</td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom"> </td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom">$</td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom;text-align:right;">63.14</td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom"> </td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom">$</td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom;text-align:right;">58.11</td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom"> </td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom">($</td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom;text-align:right;">30,768,000</td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom">) </td> <td style=" BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom"> </td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom">$</td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom;text-align:right;">31,707,000</td> <td style="BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:arial; font-size:9pt;border:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left;">1</td> <td style="vertical-align:top;text-align:left;"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: arial; text-align: left; line-height: normal;">The dollar amount reported in this column is the amount reported for Mr. Bird in the “Total” column of our Summary Compensation Table for 2022 and 2023, respectively. </div></td></tr></table> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:arial; font-size:9pt;border:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left;">2</td> <td style="vertical-align:top;text-align:left;"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: arial; text-align: left; line-height: normal;">The dollar amount reported in this column represents the amount of “compensation actually paid” to Mr. Bird, as computed in accordance with Item 402(v) of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">S-K</div> and does not reflect the total compensation actually realized or received by Mr. Bird. In accordance with these rules, for 2023, this amount reflects “Total” as set forth in the Summary Compensation Table, adjusted as shown below. Information on the calculation of such amount for 2022 is included in our 2023 Proxy Statement. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. </div></td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:arial; font-size:9pt;width:92%;border:0;margin:0 auto"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:8pt"> <td style="padding-bottom:2pt ;BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; text-indent: 0.5em; font-size: 8pt; font-family: arial; line-height: normal;"><div style="color: rgb(0, 130, 202); letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Compensation Actually Paid to Mr. Bird</div></div></div></div></td> <td style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom">  </td> <td colspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom;text-align:center;"><div style="color: rgb(0, 130, 202); letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td> <td style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#e5e5e5"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#e5e5e5"> <td style="padding-bottom:3pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">2023 Summary Compensation Table Total</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right;">$3,739,195</td> <td style="padding-bottom:3pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt"> <td style="padding-bottom:2pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Less, value of Stock Awards reported in 2023 Summary Compensation Table</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;vertical-align:bottom;text-align:right;">($2,610,810</td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt;background-color:#e5e5e5"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#e5e5e5"> <td style="padding-bottom:2pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Plus, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">year-end</div> fair value of outstanding and unvested equity awards granted in 2023</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;vertical-align:bottom;text-align:right;">$2,715,615</td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt"> <td style="padding-bottom:2pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Plus, fair value as of vesting date of equity awards granted and vested in 2023</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom;text-align:right;">— </td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#e5e5e5"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#e5e5e5"> <td style="padding-bottom:2pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Plus (less), change in fair value from December 31, 2022 to December 31, 2023 of outstanding and unvested equity awards granted in prior years</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;vertical-align:bottom;text-align:right;">($1,661,151</td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt"> <td style="padding-bottom:2pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Plus (less), change in fair value from December 31, 2022 to the vesting date of equity awards granted in prior years that vested in the year</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;vertical-align:bottom;text-align:right;">($182,507</td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt;background-color:#e5e5e5"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#e5e5e5"> <td style="padding-bottom: 0.375pt; vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Less, December 31, 2022 fair value for any equity awards forfeited in 2023</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom;text-align:right;">— </td> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"><div style="font-weight:bold;display:inline;">2023 Compensation Actually Paid to Mr. Bird</div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;;display:inline;"></div> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom;text-align:right;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">$2,000,342</div></div></td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;;display:inline;"></div> </td></tr></table><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:arial; font-size:9pt;border:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left;">3</td> <td style="vertical-align:top;text-align:left;"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: arial; text-align: left; line-height: normal;">The dollar amounts reported in this column are the amounts reported for Mr. DeBerry in the “Total” column of our Summary Compensation Table for 2021 and 2020. </div></td></tr></table> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:arial; font-size:9pt;border:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left;">4</td> <td style="vertical-align:top;text-align:left;"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: arial; text-align: left; line-height: normal;">The dollar amounts reported in this column represent the amount of “compensation actually paid” to Mr. DeBerry, as computed in accordance with Item 402(v) of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">S-K</div> and do not reflect the total compensation actually realized or received by Mr. DeBerry. Information on the calculation of such amounts is included in our 2023 Proxy Statement. </div></td></tr></table> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:arial; font-size:9pt;border:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left;">5</td> <td style="vertical-align:top;text-align:left;"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: arial; text-align: left; line-height: normal;">The dollar amounts reported in this column represent the average of the amounts reported for the Company’s named executive officers (NEOs) as a group (excluding Mr. Bird in 2023 and 2022 and excluding Mr. DeBerry in 2021 and 2020) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs included for these purposes in each applicable year are as follows: (i) for 2023 and 2022, Messrs. McClure, Webster and Underwood; and (ii) for 2021 and 2020, Messrs. Bird, Kumar and Webster. </div></td></tr></table><div style="font-size:-55pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:arial; font-size:9pt;border:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left;">6</td> <td style="vertical-align:top;text-align:left;"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: arial; text-align: left; line-height: normal;">The dollar amounts reported in this column represent the average amount of “compensation actually paid” to the NEOs set forth in footnote 5 for each year, as computed in accordance with Item 402(v) of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">S-K.</div> In accordance with these rules, for 2023 these amounts reflect “Total” as set forth in the Summary Compensation Table, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of the grant. Information on the calculation of such amounts for 2020-2022 is included in our 2023 Proxy Statement. </div></td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:arial; font-size:9pt;width:92%;border:0;margin:0 auto"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:8pt"> <td style="padding-bottom:2pt ;BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; text-indent: 0.5em; font-size: 8pt; font-family: arial; line-height: normal;"><div style="color: rgb(0, 130, 202); letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Average Compensation Actually Paid to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-PEO</div> NEOs</div></div></div></div></td> <td style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom">  </td> <td colspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom;text-align:center;"><div style="color: rgb(0, 130, 202); letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td> <td style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#e5e5e5"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#e5e5e5"> <td style="padding-bottom:3pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Average 2023 Summary Compensation Table Total</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right;">$1,477,500</td> <td style="padding-bottom:3pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt"> <td style="padding-bottom:2pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Less, average value of Stock Awards reported in Summary Compensation Table</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;vertical-align:bottom;text-align:right;">($870,254</td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt;background-color:#e5e5e5"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#e5e5e5"> <td style="padding-bottom:2pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Plus, average <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">year-end</div> fair value of outstanding and unvested equity awards granted in 2023</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;vertical-align:bottom;text-align:right;">$905,189</td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt"> <td style="padding-bottom:2pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Plus, average fair value as of vesting date of equity awards granted and vested in 2023</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom;text-align:right;">— </td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#e5e5e5"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#e5e5e5"> <td style="padding-bottom:2pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Plus (less), average change in fair value from December 31, 2022 to December 31, 2023 of outstanding and unvested equity awards granted in prior years</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;vertical-align:bottom;text-align:right;">($728,516</td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt"> <td style="padding-bottom:2pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Plus (less), average change in fair value from December 31, 2022 to the vesting date of equity awards granted in prior years that vested in the year</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;vertical-align:bottom;text-align:right;">($75,768</td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt;background-color:#e5e5e5"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#e5e5e5"> <td style="padding-bottom: 0.375pt; vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Less, prior <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">year-end</div> fair value for any equity awards forfeited in the year</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom;text-align:right;">— </td> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"><div style="font-weight:bold;display:inline;">Average Compensation Actually Paid to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-PEO</div> NEOs</div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;;display:inline;"></div> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom;text-align:right;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">$708,151</div></div></td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;;display:inline;"></div> </td></tr></table> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:arial; font-size:9pt;border:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left;">7</td> <td style="vertical-align:top;text-align:left;"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: arial; text-align: left; line-height: normal;">Total Shareholder Return (TSR) is calculated by dividing (a) the sum of (i) the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and (ii) the difference between the Company’s share price at the end of each fiscal year shown and the beginning of the measurement period, and the beginning of the measurement period by (b) the Company’s share price at the beginning of the measurement period. The beginning of the measurement period for each year in the table is December 31, 2019. </div></td></tr></table> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:arial; font-size:9pt;border:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left;">8</td> <td style="vertical-align:top;text-align:left;"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: arial; text-align: left; line-height: normal;">The peer group used for this purpose is the VanEck OIH Index. </div></td></tr></table> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:arial; font-size:9pt;border:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left;">9</td> <td style="vertical-align:top;text-align:left;"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: arial; text-align: left; line-height: normal;">The dollar amounts reported represent the amount of net income (or loss) reflected in the Company’s audited financial statements for the applicable year. </div></td></tr></table> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:arial; font-size:9pt;border:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left;">10</td> <td style="vertical-align:top;text-align:left;"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: arial; text-align: left; line-height: normal;">Adjusted EBITDA is net income excluding income taxes, interest income and expense, depreciation and amortization expense, and adjusted to remove any <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">one-time</div> irregular items, whether gains or losses, including but not limited to stock-based compensation, significant litigation expense, goodwill impairments, asset write-downs, gain on any sale or divestiture of assets or businesses, restructuring costs and foreign exchange gains or losses. </div></td></tr></table> 3739195 2000342 1477500 708151 49.61 116.8 604000 46542000 4056407 3246493 2278770 1928341 57.92 114.74 443000 29973000 6083948 -165868 1734119 -302041 41.95 69.75 -127996000 15229000 3985828 585955 2065660 1125211 63.14 58.11 -30768000 31707000 <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:arial; font-size:9pt;border:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left;">2</td> <td style="vertical-align:top;text-align:left;"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: arial; text-align: left; line-height: normal;">The dollar amount reported in this column represents the amount of “compensation actually paid” to Mr. Bird, as computed in accordance with Item 402(v) of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">S-K</div> and does not reflect the total compensation actually realized or received by Mr. Bird. In accordance with these rules, for 2023, this amount reflects “Total” as set forth in the Summary Compensation Table, adjusted as shown below. Information on the calculation of such amount for 2022 is included in our 2023 Proxy Statement. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. </div></td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:arial; font-size:9pt;width:92%;border:0;margin:0 auto"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:8pt"> <td style="padding-bottom:2pt ;BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; text-indent: 0.5em; font-size: 8pt; font-family: arial; line-height: normal;"><div style="color: rgb(0, 130, 202); letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Compensation Actually Paid to Mr. Bird</div></div></div></div></td> <td style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom">  </td> <td colspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom;text-align:center;"><div style="color: rgb(0, 130, 202); letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td> <td style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#e5e5e5"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#e5e5e5"> <td style="padding-bottom:3pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">2023 Summary Compensation Table Total</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right;">$3,739,195</td> <td style="padding-bottom:3pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt"> <td style="padding-bottom:2pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Less, value of Stock Awards reported in 2023 Summary Compensation Table</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;vertical-align:bottom;text-align:right;">($2,610,810</td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt;background-color:#e5e5e5"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#e5e5e5"> <td style="padding-bottom:2pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Plus, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">year-end</div> fair value of outstanding and unvested equity awards granted in 2023</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;vertical-align:bottom;text-align:right;">$2,715,615</td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt"> <td style="padding-bottom:2pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Plus, fair value as of vesting date of equity awards granted and vested in 2023</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom;text-align:right;">— </td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#e5e5e5"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#e5e5e5"> <td style="padding-bottom:2pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Plus (less), change in fair value from December 31, 2022 to December 31, 2023 of outstanding and unvested equity awards granted in prior years</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;vertical-align:bottom;text-align:right;">($1,661,151</td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt"> <td style="padding-bottom:2pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Plus (less), change in fair value from December 31, 2022 to the vesting date of equity awards granted in prior years that vested in the year</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;vertical-align:bottom;text-align:right;">($182,507</td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt;background-color:#e5e5e5"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#e5e5e5"> <td style="padding-bottom: 0.375pt; vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Less, December 31, 2022 fair value for any equity awards forfeited in 2023</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom;text-align:right;">— </td> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"><div style="font-weight:bold;display:inline;">2023 Compensation Actually Paid to Mr. Bird</div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;;display:inline;"></div> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom;text-align:right;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">$2,000,342</div></div></td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;;display:inline;"></div> </td></tr></table> 3739195 -2610810 2715615 -1661151 -182507 2000342 Mr. Bird Mr. Bird Mr. DeBerry Mr. DeBerry The names of each of the NEOs included for these purposes in each applicable year are as follows: (i) for 2023 and 2022, Messrs. McClure, Webster and Underwood; and (ii) for 2021 and 2020, Messrs. Bird, Kumar and Webster. <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:arial; font-size:9pt;border:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left;">6</td> <td style="vertical-align:top;text-align:left;"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: arial; text-align: left; line-height: normal;">The dollar amounts reported in this column represent the average amount of “compensation actually paid” to the NEOs set forth in footnote 5 for each year, as computed in accordance with Item 402(v) of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">S-K.</div> In accordance with these rules, for 2023 these amounts reflect “Total” as set forth in the Summary Compensation Table, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of the grant. Information on the calculation of such amounts for 2020-2022 is included in our 2023 Proxy Statement. </div></td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:arial; font-size:9pt;width:92%;border:0;margin:0 auto"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:8pt"> <td style="padding-bottom:2pt ;BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; text-indent: 0.5em; font-size: 8pt; font-family: arial; line-height: normal;"><div style="color: rgb(0, 130, 202); letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Average Compensation Actually Paid to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-PEO</div> NEOs</div></div></div></div></td> <td style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom">  </td> <td colspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom;text-align:center;"><div style="color: rgb(0, 130, 202); letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td> <td style=" BORDER-BOTTOM:1.00pt solid #0082ca;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#e5e5e5"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#e5e5e5"> <td style="padding-bottom:3pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Average 2023 Summary Compensation Table Total</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;vertical-align:bottom"> </td> <td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right;">$1,477,500</td> <td style="padding-bottom:3pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt"> <td style="padding-bottom:2pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Less, average value of Stock Awards reported in Summary Compensation Table</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;vertical-align:bottom;text-align:right;">($870,254</td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt;background-color:#e5e5e5"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#e5e5e5"> <td style="padding-bottom:2pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Plus, average <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">year-end</div> fair value of outstanding and unvested equity awards granted in 2023</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;vertical-align:bottom;text-align:right;">$905,189</td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt"> <td style="padding-bottom:2pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Plus, average fair value as of vesting date of equity awards granted and vested in 2023</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom;text-align:right;">— </td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#e5e5e5"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#e5e5e5"> <td style="padding-bottom:2pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Plus (less), average change in fair value from December 31, 2022 to December 31, 2023 of outstanding and unvested equity awards granted in prior years</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;vertical-align:bottom;text-align:right;">($728,516</td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt"> <td style="padding-bottom:2pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Plus (less), average change in fair value from December 31, 2022 to the vesting date of equity awards granted in prior years that vested in the year</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;vertical-align:bottom;text-align:right;">($75,768</td> <td style="padding-bottom:2pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt;background-color:#e5e5e5"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt;background-color:#e5e5e5"> <td style="padding-bottom: 0.375pt; vertical-align: top;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;">Less, prior <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">year-end</div> fair value for any equity awards forfeited in the year</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom">  </td> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom;text-align:right;">— </td> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.44em; text-indent: -1em; font-size: 9pt; font-family: arial; line-height: normal;"><div style="font-weight:bold;display:inline;">Average Compensation Actually Paid to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-PEO</div> NEOs</div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom">  </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;;display:inline;"></div> </td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #0082ca;vertical-align:bottom;text-align:right;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">$708,151</div></div></td> <td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #0082ca;white-space:nowrap;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;;display:inline;"></div> </td></tr></table> 1477500 -870254 905189 -728516 -75768 708151 The peer group used for this purpose is the VanEck OIH Index. Adjusted EBITDA is net income excluding income taxes, interest income and expense, depreciation and amortization expense, and adjusted to remove any <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">one-time</div> irregular items, whether gains or losses, including but not limited to stock-based compensation, significant litigation expense, goodwill impairments, asset write-downs, gain on any sale or divestiture of assets or businesses, restructuring costs and foreign exchange gains or losses. Adjusted EBITDA <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:0pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"></div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"></div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"></div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"></div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="" src="g558720g01a56.jpg" style="width: 536px; height: 344px;"/><br/></div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:0pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"></div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"></div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"></div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"></div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="" src="g558720g01a56.jpg" style="width: 536px; height: 344px;"/><br/></div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"></div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="" src="g558720g01b56.jpg" style="width: 536px; height: 327px;"/><br/></div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"></div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="" src="g558720g01a57.jpg" style="width: 536px; height: 324px;"/><br/></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: italic; letter-spacing: 0px; top: 0px;;display:inline;">Financial Performance Measures </div></div></div><div style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:arial">The metrics that the Company uses for both our long-term and short-term incentive awards are selected based on an objective of incentivizing our NEOs to increase the value of our enterprise for our shareholders. The most important financial performance measures used by the Company to link executive compensation actually paid to the Company’s NEOs, for the most recently completed fiscal year, to the Company’s performance are as follows: </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:arial; font-size:9pt;width:18%;border:0;margin:0 auto"> <tr> <td style="width:94%"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt"> <td style="BORDER-LEFT:0.75pt solid #0082ca; BORDER-TOP:0.75pt solid #0082ca; BORDER-RIGHT:0.75pt solid #0082ca; padding-left:8pt; padding-right:2pt;vertical-align:top">Relative TSR</td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt"> <td style="BORDER:0.75pt solid #0082ca; padding-left:8pt; padding-right:2pt;vertical-align:top">Bookings</td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:9pt"> <td style="BORDER-LEFT:0.75pt solid #0082ca; BORDER-RIGHT:0.75pt solid #0082ca; BORDER-BOTTOM:0.75pt solid #0082ca; padding-left:8pt; padding-right:2pt;vertical-align:top">Adjusted EBITDA</td></tr></table> Relative TSR Bookings Adjusted EBITDA