Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Pay Versus Performance

In accordance with rules adopted by the Securities and Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our principal executive officer (“PEO”) and Non-PEO NEOs and Company performance for the fiscal years listed below. The Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.


	Summary Compensation Table Total		Compensation Actually Paid		Average Summary Compensation Table Total		Average Compensation Actually Paid		Value of Initial Fixed $100 Investment based on:4
Year	for David C. Brown1 ($)		to David C. Brown1,2,3 ($)		for Non-PEO NEOs1 ($)		to Non-PEO NEOs1,2,3 ($)		TSR ($)		Peer Group TSR ($)		Net Income ($ Millions)		Adjusted EBITDA ($ Millions)5
(a)	(b)		(b)		(d)		(e)		(f)		(g)		(h)		(i)
2025		16,198,144		16,633,500		4,362,789		4,504,325		295.88		185.07		330.1		682.9
2024		11,594,447		19,805,694		3,710,810		6,067,471		298.07		134.31		288.9		475.6
2023		5,900,840		7,496,823		1,859,996		2,316,250		152.09		117.90		213.2		418.0
2022		9,683,410		7,437,748		3,741,944		2,862,554		113.93		102.51		275.5		424.2
2021		7,085,179		11,253,633		3,123,535		4,654,152		149.74		132.06		278.4		449.0

David C. Brown was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year presented are listed below.


2021	2022	2023	2024	2025
Michael D. Policarpo	Michael D. Policarpo	Michael D. Policarpo	Michael D. Policarpo	Michael D. Policarpo
Nina Gupta	Nina Gupta	Nina Gupta	Nina Gupta	Nina Gupta
		Mannik S. Dhillon	Mannik S. Dhillon	Mannik S. Dhillon
		Kelly S. Cliff		Thomas M. Sipp

2. 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 with certain adjustments as described in footnote 3 below.

3. Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and 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 column are the totals from the Stock Awards column set forth in the Summary Compensation Table.


Year	Summary Compensation Table Total for David C. Brown ($)		Exclusion of Change in Pension Value for David C. Brown ($)		Exclusion of Stock Awards for David C. Brown ($)			Inclusion of Pension Service Cost for David C. Brown ($)		Inclusion of Equity Values for David C. Brown ($)		Compensation Actually Paid to David C. Brown ($)
2025		16,198,144		—		(9,819,944	)		—		10,255,300		16,633,500
2024		11,594,447		—		(7,699,997	)		—		15,911,244		19,805,694
2023		5,900,840		—		(3,384,977	)		—		4,980,960		7,496,823
2022		9,683,410		—		(3,914,992	)		—		1,669,330		7,437,748
2021		7,085,179		—		(749,974	)		—		4,918,428		11,253,633


Year	Average Summary Compensation Table Total for Non-PEO NEOs ($)		Average Exclusion of Change in Pension Value for Non-PEO NEOs ($)		Average Exclusion of Stock Awards and Option Awards for Non-PEO NEOs ($)			Average Inclusion of Pension Service Cost for Non-PEO NEOs ($)		Average Inclusion of Equity Values for Non-PEO NEOs ($)		Average Compensation Actually Paid to Non-PEO NEOs ($)
2025		4,362,789		—		(2,649,977	)		—		2,791,512		4,504,325
2024		3,710,810		—		(2,049,981	)		—		4,406,641		6,067,471
2023		1,859,996		—		(828,742	)		—		1,284,997		2,316,250
2022		3,741,944		—		(1,397,481	)		—		518,090		2,862,554
2021		3,123,535		—		(574,980	)		—		2,105,598		4,654,152

The amounts in the Inclusion of Equity Values 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 David C. Brown ($)		Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for David C. Brown ($)			Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for David C. Brown ($)		Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for David C. Brown ($)			Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for David C. Brown ($)		Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for David C. Brown ($)		Total- Inclusion of Equity Values for David C. Brown ($)
2025		10,936,270		(78,149	)		—		(602,821	)		—		—		10,255,300
2024		12,787,756		2,471,791			—		654,697			—		—		15,911,244
2023		4,065,615		623,944			—		291,401			—		—		4,980,960
2022		3,386,828		(1,104,039	)		—		(613,459	)		—		—		1,669,330
2021		1,037,865		3,211,618			—		668,945			—		—		4,918,428


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 ($)		Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs ($)			Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non-PEO NEOs ($)		Average Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for Non-PEO NEOs ($)		Total-Average Inclusion of Equity Values for Non-PEO NEOs ($)
2025		2,896,038		(20,989	)		—		(83,537	)		—		—		2,791,512
2024		3,403,703		782,571			—		220,368			—		—		4,406,641
2023		995,383		199,554			—		90,060			—		—		1,284,997
2022		1,208,949		(404,586	)		—		(286,273	)		—		—		518,090
2021		795,697		1,096,223			—		213,678			—		—		2,105,598

The Peer Group TSR set forth in this table utilizes the peer group established in the stock performance graph included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, which is required by Item 201(e) of Regulation S-K. This Peer Group was updated in 2024 to remove Eaton Vance which was acquired by Morgan Stanley and ceased trading publicly on March 1, 2021. The comparison assumes $100 was invested for the period starting December 31, 2020, through the end of the listed year in the Company and in the Custom Peer Group, respectively. Historical stock performance is not necessarily indicative of future stock performance.

We determined Adjusted EBITDA to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in 2024 and 2023. This performance measure may not have been the most important financial performance measure for years 2022 and 2021 and we may determine a different financial performance measure to be the most important financial performance measure in future years.

Company Selected Measure Name

Adjusted EBITDA

Named Executive Officers, Footnote

The individuals comprising the Non-PEO NEOs for each year presented are listed below.


2021	2022	2023	2024	2025
Michael D. Policarpo	Michael D. Policarpo	Michael D. Policarpo	Michael D. Policarpo	Michael D. Policarpo
Nina Gupta	Nina Gupta	Nina Gupta	Nina Gupta	Nina Gupta
		Mannik S. Dhillon	Mannik S. Dhillon	Mannik S. Dhillon
		Kelly S. Cliff		Thomas M. Sipp

Peer Group Issuers, Footnote

PEO Total Compensation Amount

$ 16,198,144

$ 11,594,447

$ 5,900,840

$ 9,683,410

$ 7,085,179

PEO Actually Paid Compensation Amount

$ 16,633,500

19,805,694

7,496,823

7,437,748

11,253,633

Adjustment To PEO Compensation, Footnote


Year	Summary Compensation Table Total for David C. Brown ($)		Exclusion of Change in Pension Value for David C. Brown ($)		Exclusion of Stock Awards for David C. Brown ($)			Inclusion of Pension Service Cost for David C. Brown ($)		Inclusion of Equity Values for David C. Brown ($)		Compensation Actually Paid to David C. Brown ($)
2025		16,198,144		—		(9,819,944	)		—		10,255,300		16,633,500
2024		11,594,447		—		(7,699,997	)		—		15,911,244		19,805,694
2023		5,900,840		—		(3,384,977	)		—		4,980,960		7,496,823
2022		9,683,410		—		(3,914,992	)		—		1,669,330		7,437,748
2021		7,085,179		—		(749,974	)		—		4,918,428		11,253,633

The amounts in the Inclusion of Equity Values 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 David C. Brown ($)		Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for David C. Brown ($)			Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for David C. Brown ($)		Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for David C. Brown ($)			Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for David C. Brown ($)		Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for David C. Brown ($)		Total- Inclusion of Equity Values for David C. Brown ($)
2025		10,936,270		(78,149	)		—		(602,821	)		—		—		10,255,300
2024		12,787,756		2,471,791			—		654,697			—		—		15,911,244
2023		4,065,615		623,944			—		291,401			—		—		4,980,960
2022		3,386,828		(1,104,039	)		—		(613,459	)		—		—		1,669,330
2021		1,037,865		3,211,618			—		668,945			—		—		4,918,428

Non-PEO NEO Average Total Compensation Amount

$ 4,362,789

3,710,810

1,859,996

3,741,944

3,123,535

Non-PEO NEO Average Compensation Actually Paid Amount

$ 4,504,325

6,067,471

2,316,250

2,862,554

4,654,152

Adjustment to Non-PEO NEO Compensation Footnote


Year	Average Summary Compensation Table Total for Non-PEO NEOs ($)		Average Exclusion of Change in Pension Value for Non-PEO NEOs ($)		Average Exclusion of Stock Awards and Option Awards for Non-PEO NEOs ($)			Average Inclusion of Pension Service Cost for Non-PEO NEOs ($)		Average Inclusion of Equity Values for Non-PEO NEOs ($)		Average Compensation Actually Paid to Non-PEO NEOs ($)
2025		4,362,789		—		(2,649,977	)		—		2,791,512		4,504,325
2024		3,710,810		—		(2,049,981	)		—		4,406,641		6,067,471
2023		1,859,996		—		(828,742	)		—		1,284,997		2,316,250
2022		3,741,944		—		(1,397,481	)		—		518,090		2,862,554
2021		3,123,535		—		(574,980	)		—		2,105,598		4,654,152

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:


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 ($)		Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs ($)			Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non-PEO NEOs ($)		Average Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for Non-PEO NEOs ($)		Total-Average Inclusion of Equity Values for Non-PEO NEOs ($)
2025		2,896,038		(20,989	)		—		(83,537	)		—		—		2,791,512
2024		3,403,703		782,571			—		220,368			—		—		4,406,641
2023		995,383		199,554			—		90,060			—		—		1,284,997
2022		1,208,949		(404,586	)		—		(286,273	)		—		—		518,090
2021		795,697		1,096,223			—		213,678			—		—		2,105,598

Compensation Actually Paid vs. Total Shareholder Return

Relationship Between PEO 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 PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and the Company’s cumulative TSR over the four most recently completed fiscal years.

Compensation Actually Paid vs. Net Income

Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Net Income

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Net Income during the four most recently completed fiscal years.

Compensation Actually Paid vs. Company Selected Measure

Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Adjusted EBITDA

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Adjusted EBITDA during the four most recently completed fiscal years.

Total Shareholder Return Vs Peer Group

Description of Relationship Between Company TSR and Peer Group TSR

The following chart compares our cumulative TSR over the four most recently completed fiscal years to that of the Custom Peer Group over the same period.

Tabular List, Table

Most Important Financial Performance Measure

The Company considers Adjusted EBITDA to have been the most important financial performance measure in linking Compensation Actually Paid to our PEOs and other NEOs for 2025 to Company performance. Please refer to Appendix A for the Company’s supplemental Non-GAAP financial information.