v3.25.1
Award Timing Disclosure
12 Months Ended
Dec. 31, 2024
USD ($)
$ / shares
Award Timing Disclosures [Line Items]  
Award Timing MNPI Considered true
Awards Close in Time to MNPI Disclosures, Table
PERFORMANCE-BASED LONG-TERM INCENTIVE AWARDS VESTED IN 2024
The annual PRSUs granted in 2021 on March 4, 2021 to each of the Named Executive Officers who were then-employed by us had a three-year performance period that ended on March 4, 2024 (for PRSUs vesting based on RTSR) or ending on December 31, 2024 (for PRSUs vesting based on FCF performance) and vested based on the level of RTSR or FCF performance (as applicable) as of the conclusion of such performance period and continued service through the vesting date. Based on the Company’s RTSR at the end of the applicable performance period, 131% of the target RTSR award was earned for each Named Executive Officer, and based on the Company’s FCF performance at the end of the applicable performance period, 150% of the target FCF award was earned for each Named Executive Officer. The number of 2021 PRSUs earned by each such Named Executive Officer and paid in 2024 is set forth in the table below.
 
Officer
 
Target Annual 2021
RTSR PRSUs
(#)
   
RTSR Adjustment
Percentage
(%)
   
Earned PRSUs
(#)
 
G. Michael Sievert
    37,268       131     48,821  
Peter Osvaldik
    12,260       131     16,060  
Michael J. Katz
    7,357       131     9,637  
Jonathan A. Freier
    7,357       131     9,637  
Callie R. Field
    7,357       131     9,637  
 
Officer
 
Target Annual 2021 FCF
PRSUs
(#)
   
FCF Adjustment
Percentage
(%)
   
Earned PRSUs
(#)
 
G. Michael Sievert
    20,067       150     30,100  
Peter Osvaldik
    6,601       150     9,901  
Michael J. Katz
    3,960       150     5,940  
Jonathan A. Freier
    3,960       150     5,940  
Callie R. Field
    3,960       150     5,940  
Pursuant to the offer of employment letter with Mr. Nelson that became effective on October 11, 2021 (the “Nelson Offer Letter”), which is further described below, in October 2021, we granted Mr. Nelson a
one-time
PRSU award with a target value of $7,250,000 (the “Nelson
Sign-On
PRSUs”) in connection with his appointment as our Executive Vice President and General Counsel. The Nelson
Sign-On
PRSUs were generally subject to the same terms and conditions (including vesting conditions and performance conditions) applicable to annual awards of PRSUs vesting based on RTSR granted to the Named Executive Officers on March 4, 2021, except that the performance period applicable to the Nelson
Sign-On
PRSUs was the three-year period ending on October 11, 2024 (which is the third anniversary of the date on which he commenced employment with us) and the number of Nelson
Sign-On
PRSUs eligible to vest ranged from 100% to 200% of the target number of Nelson
Sign-On
PRSUs.
FCF Award [Member]  
Awards Close in Time to MNPI Disclosures  
Exercise Price | $ / shares $ 5,940
G. Michael Sievert [Member]  
Awards Close in Time to MNPI Disclosures  
Name G. Michael Sievert
G. Michael Sievert [Member] | RTSR Award [Member]  
Awards Close in Time to MNPI Disclosures  
Underlying Securities | $ 37,268
Exercise Price | $ / shares $ 48,821
Underlying Security Market Price Change 1.31
G. Michael Sievert [Member] | FCF Award [Member]  
Awards Close in Time to MNPI Disclosures  
Underlying Securities | $ 20,067
Exercise Price | $ / shares $ 30,100
Underlying Security Market Price Change 1.50
Peter Osvaldik [Member]  
Awards Close in Time to MNPI Disclosures  
Name Peter Osvaldik
Peter Osvaldik [Member] | RTSR Award [Member]  
Awards Close in Time to MNPI Disclosures  
Underlying Securities | $ 12,260
Exercise Price | $ / shares $ 16,060
Underlying Security Market Price Change 1.31
Peter Osvaldik [Member] | FCF Award [Member]  
Awards Close in Time to MNPI Disclosures  
Underlying Securities | $ 6,601
Exercise Price | $ / shares $ 9,901
Underlying Security Market Price Change 1.50
Michael J. Katz [Member]  
Awards Close in Time to MNPI Disclosures  
Name Michael J. Katz
Michael J. Katz [Member] | RTSR Award [Member]  
Awards Close in Time to MNPI Disclosures  
Underlying Securities | $ 7,357
Exercise Price | $ / shares $ 9,637
Underlying Security Market Price Change 1.31
Michael J. Katz [Member] | FCF Award [Member]  
Awards Close in Time to MNPI Disclosures  
Underlying Securities | $ 3,960
Exercise Price | $ / shares $ 5,940
Underlying Security Market Price Change 1.50
Jonathan A. Freier [Member]  
Awards Close in Time to MNPI Disclosures  
Name Jonathan A. Freier
Jonathan A. Freier [Member] | RTSR Award [Member]  
Awards Close in Time to MNPI Disclosures  
Underlying Securities | $ 7,357
Exercise Price | $ / shares $ 9,637
Underlying Security Market Price Change 1.31
Jonathan A. Freier [Member] | FCF Award [Member]  
Awards Close in Time to MNPI Disclosures  
Underlying Securities | $ 3,960
Exercise Price | $ / shares $ 5,940
Underlying Security Market Price Change 1.50
Callie R. Field [Member]  
Awards Close in Time to MNPI Disclosures  
Name Callie R. Field
Callie R. Field [Member] | RTSR Award [Member]  
Awards Close in Time to MNPI Disclosures  
Underlying Securities | $ 7,357
Exercise Price | $ / shares $ 9,637
Underlying Security Market Price Change 1.31
Callie R. Field [Member] | FCF Award [Member]  
Awards Close in Time to MNPI Disclosures  
Underlying Securities | $ 3,960
Underlying Security Market Price Change 1.50