Pay vs Performance Disclosure - USD ($)
Dec. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Apr. 30, 2024
| Year | Summary Compensation Table Total for PEO 1¹ ($) | Summary Compensation Table Total for PEO 2¹ ($) | Compensation Actually Paid to PEO 11,2,3 ($) | Compensation Actually Paid to PEO 21,2,3 ($) | Average Summary Compensation Table Total for Non-PEO NEOs1 ($) | Average Compensation Actually Paid to Non-PEO NEOs1,2,3 ($) | Value of Initial Fixed $100 Investment based on:4 TSR($) | Net Income($ Millions) | ||||||||||||||||||||||||
| 2024 | 435,767 | 1,401,173 | 435,767 | 1,268,305 | 436,672 | 417,922 | 4.00 | (19.8 | ) | |||||||||||||||||||||||
| 2023 | N/A | 1,560,141 | N/A | 979,796 | 222,585 | 192,449 | 10.40 | (10.0 | ) | |||||||||||||||||||||||
| 1. | Samir R. Patel was our PEO from May 1, 2024 to December 31, 2024 (“PEO 1”). Rachelle Jacques was our PEO from March 28, 2022 to May 1, 2024 (“PEO 2”). Our Non-PEO NEOs for each year presented are listed below. |
| 2023 | 2024 | |
| Torsten Hombeck | Wendy DiCicco | |
| Wendy DiCicco | Torsten Hombeck |
3. Compensation Actually Paid reflects the exclusions and inclusions of certain amounts from the Summary Compensation Table Totals for the PEOs and the average for the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns of the Summary Compensation Table.
| Year | Summary Compensation Table Total for PEO 1 ($) | Exclusion of Stock Awards and Option Awards for PEO 1 ($) | Inclusion of Equity Values for PEO 1 ($) | Compensation Actually Paid to PEO 1 ($) | ||||||||||||
| 2024 | 435,767 | (435,767 | ) | 435,767 | 435,767 | |||||||||||
| Year | Summary Compensation Table Total for PEO 2 ($) | Exclusion of Stock Awards and Option Awards for PEO 2 ($) | Inclusion of Equity Values for PEO 2 ($) | Compensation Actually Paid to PEO 2 ($) | ||||||||||||
| 2024 | 1,401,173 | (658,216 | ) | 525,348 | 1,268,305 | |||||||||||
| 2023 | 1,560,141 | (927,891 | ) | 347,546 | 979,796 | |||||||||||
| Year | Average Summary Compensation Table Total for Non-PEO NEOs ($) | Average Exclusion of Stock Awards and Option Awards for Non-PEO NEOs ($) | Average Inclusion of Equity Values for Non-PEO NEOs ($) | Average Compensation Actually Paid to Non-PEO NEOs ($) | ||||||||||||
| 2024 | 436,672 | (70,125 | ) | 51,375 | 417,922 | |||||||||||
| 2023 | 222,585 | (3,240 | ) | (26,896 | ) | 192,449 | ||||||||||
The amounts in the Inclusion of Equity Values or Average Inclusion of Equity Values, as applicable, in the tables above are derived from the amounts set forth in the following tables:
| Year | Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for PEO 1 ($) | Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for PEO 1 ($) | Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for PEO 1 ($) | Change in Fair Value from Last Day of Prior Year to Vesting Date of Equity Awards that Vested During Year for PEO 1 ($) | Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for PEO 1 ($) | Total - Inclusion of Equity Values for PEO 1 ($) | ||||||||||||||||||
| 2024 | 435,767 | 435,767 | ||||||||||||||||||||||
| Year | Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for PEO 2 ($) | Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for PEO 2 ($) | Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for PEO 2 ($) | Change in Fair Value from Last Day of Prior Year to Vesting Date of Equity Awards that Vested During Year for PEO 2 ($) | Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for PEO 2 ($) | Total - Inclusion of Equity Values for PEO 2 ($) | ||||||||||||||||||
| 2024 | 517,500 | 7,848 | 525,348 | |||||||||||||||||||||
| 2023 | 741,153 | (305,976 | ) | 63,708 | (151,339 | ) | 347,546 | |||||||||||||||||
| Year | Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs ($) | Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs ($) | Average Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-PEO NEOs ($) | Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Equity Awards that Vested During Year for Non-PEO NEOs ($) | Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non-PEO NEOs ($) | Total - Average Inclusion of Equity Values for Non-PEO NEOs ($) | ||||||||||||||||||
| 2024 | 48,335 | 3,040 | 51,375 | |||||||||||||||||||||
| 2023 | 2,771 | (1 | ) | (1,624 | ) | (28,042 | ) | (26,896 | ) | |||||||||||||||
Description of Relationship Between PEOs and Non-PEO NEO Compensation Actually Paid and Company Total Shareholder Return (“TSR”)
The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and the Company’s cumulative TSR over the two most recently completed fiscal years.
Description of Relationship Between PEOs and Non-PEO NEO Compensation Actually Paid and Net Income
The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and our net income during the two most recently completed fiscal years.
| [1] | Samir R. Patel was our PEO from May 1, 2024 to December 31, 2024 (“PEO 1”). Rachelle Jacques was our PEO from March 28, 2022 to May 1, 2024 (“PEO 2”). Our Non-PEO NEOs for each year presented are listed below. |
| [2] | Compensation Actually Paid reflects the exclusions and inclusions of certain amounts from the Summary Compensation Table Totals for the PEOs and the average for the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns of the Summary Compensation Table. |
| [3] | The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total for the PEOs and the Average Summary Compensation Totals for the Non-PEO NEOs with certain adjustments as described in footnote 3 below. |
| [4] | Assumes $100 was invested in the Company for the period starting December 31, 2021 through the end of the listed year. Historical stock performance is not necessarily indicative of future stock performance. |