v3.26.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Jan. 12, 2025
Dec. 31, 2025
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

 

The following tables provide pay versus performance information required by Regulation S-K. For information regarding 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.”

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year

 

Summary
Compensation
Table (“SCT”)
Total for First
PEO
(1)

 

SCT Total
for
Second
PEO
(1)

 

Compensation
Actually Paid
(“CAP”) to
First PEO
(2)

 

CAP to
Second
PEO

 

Average
SCT Total
for
Non-PEO
NEOs
(3)

 

Average
CAP to
Non-PEO
NEOs
(2)(3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

 

$

2,775,881

 

 

 

 

$

14,140,217

 

 

 

 

$

2,954,364

 

 

 

 

$

24,892,348

 

 

 

 

$

3,402,819

 

 

 

 

$

6,034,845

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2024

 

 

$

3,301,012

 

 

 

 

N/A

 

 

 

 

$

4,424,038

 

 

 

 

N/A

 

 

 

 

$

2,078,530

 

 

 

 

$

2,611,401

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2023

 

 

$

2,237,839

 

 

 

 

N/A

 

 

 

 

$

1,620,732

 

 

 

 

N/A

 

 

 

 

$

1,721,885

 

 

 

 

$

1,191,132

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2022

 

 

N/A

 

 

 

 

$

4,655,746

 

 

 

 

N/A

 

 

 

 

$

540,703

 

 

 

 

$

1,699,411

 

 

 

 

$

364,560

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

 

N/A

 

 

 

 

$

6,848,969

 

 

 

 

N/A

 

 

 

 

$

9,015,601

 

 

 

 

$

2,107,197

 

 

 

 

$

2,525,213

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value of Initial Fixed $100
Investment Based On:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year

 

Total
Shareholder
Return

 

Peer Group
Total
Shareholder
Return
(4)

 

Net Income
(Loss)
($ in thousands)

 

Adjusted EBITDA
($ in thousands)
(5)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

 

$

87.16

 

 

 

 

$

77.88

 

 

 

 

$

165,388

 

 

 

 

$

275,590

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2024

 

 

$

53.46

 

 

 

 

$

78.31

 

 

 

 

$

(99,069

)

 

 

 

$

224,022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2023

 

 

$

37.90

 

 

 

 

$

75.74

 

 

 

 

$

(60,408

)

 

 

 

$

200,418

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2022

 

 

$

60.55

 

 

 

 

$

77.81

 

 

 

 

$

66,331

 

 

 

 

$

241,033

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

 

$

110.88

 

 

 

 

$

105.76

 

 

 

 

$

130,937

 

 

 

 

$

265,476

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)
Dr. Swift served as our principal executive officer ("PEO") in 2025 until January 12, 2025, and Mr. Ordan served as our PEO for the remainder of 2025. Dr. Swift served as our PEO for the entirety of 2024 and 2023. Mr. Ordan served as our PEO for the entirety of 2021 and 2022. For purposes of the table, Dr. Swift is our First PEO and Mr. Ordan is our Second PEO.
(2)
Compensation “actually paid” is calculated in accordance with Item 402(v) of Regulation S-K, however, as required, the dollar amounts include (among other items) equity compensation that may be realizable in future periods, and as such, the dollar amounts shown do not fully represent the actual final amount of compensation earned or actually paid during the applicable years. The table below sets forth each adjustment made during the years presented in the table to calculate the compensation “actually paid,” in accordance with Item 402(v) of Regulation S-K, to our NEOs during each year in the table.
(3)
During 2025, our non-PEO NEOs consisted of Ms. Rossi, Ms. Moore and Mr. Neeb. In 2024, our non-PEO NEOs consisted of Ms. Rossi, Ms. Moore, Mr. Richards, Dr. Pickert and Mr. Wood. In 2023, our non-PEO NEOs consisted of Ms. Moore, Mr. Richards, Dr. Pickert and Mr. Wood. In 2022, our non-PEO NEOs consisted of Mr. Richards and Dominic Andreano, our former Executive Vice President and General Counsel, Ms. Moore and Dr. Swift. During 2021, our non-PEO NEOs consisted of Mr. Richards and Andreano, Mr. John C. Pepia, Ms. Moore and Roger “Mack” Hinson, M.D.
(4)
The peer group used by the Company consists of the companies used in the S&P 600 Health Care Index, the index used in the Company’s performance graph reported in Part II, Item 5 of its Annual Report on Form 10-K for the fiscal year ended December 31, 2025.
(5)
Adjusted EBITDA is the financial measure from the Tabular List of 2025 Most Important Measures shown below, which, in the Company’s assessment, represents for 2025 the most important performance measure used to link compensation actually paid to our CEOs and other NEOs to the Company’s performance. Adjusted EBITDA is defined on page 34 and is a non-GAAP financial measure.

 

Adjustments to Calculate Compensation “Actually Paid” to First PEO(7)

 

2025

2024

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SCT Total

 

 

$

2,775,881

 

 

 

$

3,301,012

 

 

 

$

2,237,839

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Minus: Grant Date Fair Value of Awards Granted During the Year(8)

 

 

$

(730,720

)

 

 

$

(1,180,087

)

 

 

$

(1,025,015

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus (Minus): CAP Adjustments Calculated Using SEC Methodology(9)

 

 

$

909,203

 

 

 

$

2,303,113

 

 

 

$

407,908

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CAP Total

 

 

$

2,954,364

 

 

 

$

4,424,038

 

 

 

$

1,620,732

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjustments to Calculate Compensation “Actually Paid” to Second PEO(7)

 

2025

 

2022

 

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SCT Total

 

 

$

14,140,217

 

 

 

 

$

4,655,746

 

 

 

 

$

6,848,969

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Minus: Grant Date Fair Value of Awards Granted During the Year(8)

 

 

$

(8,456,024

)

 

 

 

$

(3,500,013

)

 

 

 

$

(3,500,021

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus (Minus): CAP Adjustments Calculated Using SEC Methodology(9)

 

 

$

19,208,155

 

 

 

 

$

(615,030

)

 

 

 

$

5,666,653

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CAP Total

 

 

$

24,892,348

 

 

 

 

$

540,703

 

 

 

 

$

9,015,601

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjustments to Calculate Compensation “Actually Paid” to

 

2025

 

2024

 

2023

 

2022

 

2021

Non-PEO NEOs(6)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SCT Total

 

 

$

3,402,819

 

 

 

 

$

2,078,530

 

 

 

 

$

1,721,885

 

 

 

 

$

1,699,411

 

 

 

 

$

2,107,197

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Minus: Grant Date Fair Value of Awards Granted During the Year(7)

 

 

$

(1,853,151

)

 

 

 

$

(715,395

)

 

 

 

$

(931,681

)

 

 

 

$

(1,081,261

)

 

 

 

$

(990,016

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus (Minus): CAP Adjustments Calculated Using SEC Methodology(8)

 

 

$

4,485,177

 

 

 

 

$

1,248,266

 

 

 

 

$

400,928

 

 

 

 

$

(253,590

)

 

 

 

$

1,408,032

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CAP Total

 

 

$

6,034,845

 

 

 

 

$

2,611,401

 

 

 

 

$

1,191,132

 

 

 

 

$

364,560

 

 

 

 

$

2,525,213

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(6)As shown in these tables, the Compensation “Actually Paid” totals represent the SCT totals for the applicable year, but adjusted as required by SEC rules to include the fair value of current and prior year equity awards that are outstanding, vested or forfeited during the applicable year, instead of the grant date value of awards granted during the applicable year.

(7)
Represents the total of the amounts reported in the Stock Awards and Option Awards columns of the SCT for the applicable year.
(8)
The fair value of equity component of the CAP calculation was determined in accordance with SEC methodology for this disclosure. Unlike the SCT, which reflects the grant date fair value of equity awards granted during the applicable year, the CAP table reflects equity fair value as follows:

 

for awards granted during the applicable year (and which are still outstanding), the year-end value; plus

 

for awards granted during prior years that were still outstanding as of the applicable year-end, the change in value as of the applicable year-end compared against the prior year-end; plus

 

for awards granted in prior years that vested during the applicable year, the change in value as of the vesting date compared against the prior year-end; plus

 

for any awards granted in the applicable year that vested during the applicable year, the value as of the vesting date; plus

 

the value of any dividend equivalents that were paid during the applicable year that are not otherwise included in total compensation; minus

 

for awards granted in prior years that were forfeited during the applicable year, the value as of the prior year-end.

 

The specific calculations with respect to the CAP fair value of equity for the relevant years are shown in the tables below:

 

First PEO – CAP Equity Adjustments

 

2025

2024

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YE Value of Current Year Awards Outstanding as of YE

 

 

$

1,104,601

 

 

 

$

2,057,295

 

 

 

$

616,999

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in Value as of YE for Prior Year Awards Outstanding as of YE

 

 

$

 

 

 

$

240,247

 

 

 

$

(187,294

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in Value as of Vesting Date for Prior Year Awards
That Vested During the Year

 

 

$

(195,398

)

 

 

$

5,571

 

 

 

$

(21,797

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value as of Vesting Date for Current Year Awards That Vested During the Year

 

 

$

 

 

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value as of Vesting Date for Dividend Equivalents Paid During the Year Not Otherwise Included in Total Compensation

 

 

$

 

 

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value as of Prior YE for Prior Year Awards Forfeited During the Year

 

 

$

 

 

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value of Equity for CAP Purposes

 

 

$

909,203

 

 

 

$

2,303,113

 

 

 

$

407,908

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Second PEO – CAP Equity Adjustments

 

2025

 

2022

 

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YE Value of Current Year Awards Outstanding as of YE

 

 

$

19,232,391

 

 

 

 

$

 

 

 

 

$

4,664,583

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in Value as of YE for Prior Year Awards Outstanding as of YE

 

 

$

 

 

 

 

$

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in Value as of Vesting Date for Prior Year Awards That Vested During the Year

 

 

$

(24,236

)

 

 

 

$

(1,748,149

)

 

 

 

$

1,002,070

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value as of Vesting Date for Current Year Awards That Vested During the Year

 

 

$

 

 

 

 

$

1,133,119

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value as of Vesting Date for Dividend Equivalents Paid During the Year Not Otherwise Included in Total Compensation

 

 

$

 

 

 

 

$

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value as of Prior YE for Prior Year Awards Forfeited During the Year

 

 

$

 

 

 

 

$

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value of Equity for CAP Purposes

 

 

$

19,208,155

 

 

 

 

$

(615,030

)

 

 

 

$

5,666,653

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Non-PEO NEOs – CAP Equity Adjustments

2025

2024

2023

2022

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YE Value of Current Year Awards Outstanding as of YE

 

$

4,057,776

 

 

 

$

834,923

 

 

 

$

560,818

 

 

 

$

350,057

 

 

 

$

1,310,553

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in Value as of YE for Prior Year Awards Outstanding as of YE

 

$

453,943

 

 

 

$

122,479

 

 

 

$

(150,476

)

 

 

$

(496,890

)

 

 

$

60,423

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in Value as of Vesting Date for Prior Year Awards That Vested During the Year

 

$

(26,542

)

 

 

$

2,366

 

 

 

$

(9,414

)

 

 

$

(106,757

)

 

 

$

37,056

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value as of Vesting Date for Current Year Awards That Vested During the Year

 

$

 

 

 

$

288,498

 

 

 

$

 

 

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value as of Vesting Date for Dividend Equivalents Paid During the Year Not Otherwise Included in Total Compensation

 

$

 

 

 

$

 

 

 

$

 

 

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value as of Prior YE for Prior Year Awards Forfeited During the Year

 

$

 

 

 

$

 

 

 

$

 

 

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value of Equity for CAP Purposes

 

$

4,485,177

 

 

 

$

1,248,266

 

 

 

$

400,928

 

 

 

$

(253,590

)

 

 

$

1,408,032

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

         
Company Selected Measure Name   Adjusted EBITDA          
Named Executive Officers, Footnote   Dr. Swift served as our PEO for the entirety of 2024 and 2023. Mr. Ordan served as our PEO for the entirety of 2021 and 2022. For purposes of the table, Dr. Swift is our First PEO and Mr. Ordan is our Second PEO. 2024, our non-PEO NEOs consisted of Ms. Rossi, Ms. Moore, Mr. Richards, Dr. Pickert and Mr. Wood. In 2023, our non-PEO NEOs consisted of Ms. Moore, Mr. Richards, Dr. Pickert and Mr. Wood. In 2022, our non-PEO NEOs consisted of Mr. Richards and Dominic Andreano, our former Executive Vice President and General Counsel, Ms. Moore and Dr. Swift. During 2021, our non-PEO NEOs consisted of Mr. Richards and Andreano, Mr. John C. Pepia, Ms. Moore and Roger “Mack” Hinson, M.D.          
Peer Group Issuers, Footnote  
(4)
The peer group used by the Company consists of the companies used in the S&P 600 Health Care Index, the index used in the Company’s performance graph reported in Part II, Item 5 of its Annual Report on Form 10-K for the fiscal year ended December 31, 2025.
         
Adjustment To PEO Compensation, Footnote  
(5)
Adjusted EBITDA is the financial measure from the Tabular List of 2025 Most Important Measures shown below, which, in the Company’s assessment, represents for 2025 the most important performance measure used to link compensation actually paid to our CEOs and other NEOs to the Company’s performance. Adjusted EBITDA is defined on page 34 and is a non-GAAP financial measure.

 

Adjustments to Calculate Compensation “Actually Paid” to First PEO(7)

 

2025

2024

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SCT Total

 

 

$

2,775,881

 

 

 

$

3,301,012

 

 

 

$

2,237,839

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Minus: Grant Date Fair Value of Awards Granted During the Year(8)

 

 

$

(730,720

)

 

 

$

(1,180,087

)

 

 

$

(1,025,015

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus (Minus): CAP Adjustments Calculated Using SEC Methodology(9)

 

 

$

909,203

 

 

 

$

2,303,113

 

 

 

$

407,908

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CAP Total

 

 

$

2,954,364

 

 

 

$

4,424,038

 

 

 

$

1,620,732

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjustments to Calculate Compensation “Actually Paid” to Second PEO(7)

 

2025

 

2022

 

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SCT Total

 

 

$

14,140,217

 

 

 

 

$

4,655,746

 

 

 

 

$

6,848,969

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Minus: Grant Date Fair Value of Awards Granted During the Year(8)

 

 

$

(8,456,024

)

 

 

 

$

(3,500,013

)

 

 

 

$

(3,500,021

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus (Minus): CAP Adjustments Calculated Using SEC Methodology(9)

 

 

$

19,208,155

 

 

 

 

$

(615,030

)

 

 

 

$

5,666,653

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CAP Total

 

 

$

24,892,348

 

 

 

 

$

540,703

 

 

 

 

$

9,015,601

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

         
Non-PEO NEO Average Total Compensation Amount   $ 3,402,819   $ 2,078,530 $ 1,721,885 $ 1,699,411 $ 2,107,197
Non-PEO NEO Average Compensation Actually Paid Amount   $ 6,034,845   2,611,401 1,191,132 364,560 2,525,213
Adjustment to Non-PEO NEO Compensation Footnote  
(5)
Adjusted EBITDA is the financial measure from the Tabular List of 2025 Most Important Measures shown below, which, in the Company’s assessment, represents for 2025 the most important performance measure used to link compensation actually paid to our CEOs and other NEOs to the Company’s performance. Adjusted EBITDA is defined on page 34 and is a non-GAAP financial measure.

Adjustments to Calculate Compensation “Actually Paid” to

 

2025

 

2024

 

2023

 

2022

 

2021

Non-PEO NEOs(6)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SCT Total

 

 

$

3,402,819

 

 

 

 

$

2,078,530

 

 

 

 

$

1,721,885

 

 

 

 

$

1,699,411

 

 

 

 

$

2,107,197

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Minus: Grant Date Fair Value of Awards Granted During the Year(7)

 

 

$

(1,853,151

)

 

 

 

$

(715,395

)

 

 

 

$

(931,681

)

 

 

 

$

(1,081,261

)

 

 

 

$

(990,016

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus (Minus): CAP Adjustments Calculated Using SEC Methodology(8)

 

 

$

4,485,177

 

 

 

 

$

1,248,266

 

 

 

 

$

400,928

 

 

 

 

$

(253,590

)

 

 

 

$

1,408,032

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CAP Total

 

 

$

6,034,845

 

 

 

 

$

2,611,401

 

 

 

 

$

1,191,132

 

 

 

 

$

364,560

 

 

 

 

$

2,525,213

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

         
Equity Valuation Assumption Difference, Footnote  
(8)
The fair value of equity component of the CAP calculation was determined in accordance with SEC methodology for this disclosure. Unlike the SCT, which reflects the grant date fair value of equity awards granted during the applicable year, the CAP table reflects equity fair value as follows:

 

for awards granted during the applicable year (and which are still outstanding), the year-end value; plus

 

for awards granted during prior years that were still outstanding as of the applicable year-end, the change in value as of the applicable year-end compared against the prior year-end; plus

 

for awards granted in prior years that vested during the applicable year, the change in value as of the vesting date compared against the prior year-end; plus

 

for any awards granted in the applicable year that vested during the applicable year, the value as of the vesting date; plus

 

the value of any dividend equivalents that were paid during the applicable year that are not otherwise included in total compensation; minus

 

for awards granted in prior years that were forfeited during the applicable year, the value as of the prior year-end.

 

The specific calculations with respect to the CAP fair value of equity for the relevant years are shown in the tables below:

 

First PEO – CAP Equity Adjustments

 

2025

2024

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YE Value of Current Year Awards Outstanding as of YE

 

 

$

1,104,601

 

 

 

$

2,057,295

 

 

 

$

616,999

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in Value as of YE for Prior Year Awards Outstanding as of YE

 

 

$

 

 

 

$

240,247

 

 

 

$

(187,294

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in Value as of Vesting Date for Prior Year Awards
That Vested During the Year

 

 

$

(195,398

)

 

 

$

5,571

 

 

 

$

(21,797

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value as of Vesting Date for Current Year Awards That Vested During the Year

 

 

$

 

 

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value as of Vesting Date for Dividend Equivalents Paid During the Year Not Otherwise Included in Total Compensation

 

 

$

 

 

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value as of Prior YE for Prior Year Awards Forfeited During the Year

 

 

$

 

 

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value of Equity for CAP Purposes

 

 

$

909,203

 

 

 

$

2,303,113

 

 

 

$

407,908

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Second PEO – CAP Equity Adjustments

 

2025

 

2022

 

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YE Value of Current Year Awards Outstanding as of YE

 

 

$

19,232,391

 

 

 

 

$

 

 

 

 

$

4,664,583

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in Value as of YE for Prior Year Awards Outstanding as of YE

 

 

$

 

 

 

 

$

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in Value as of Vesting Date for Prior Year Awards That Vested During the Year

 

 

$

(24,236

)

 

 

 

$

(1,748,149

)

 

 

 

$

1,002,070

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value as of Vesting Date for Current Year Awards That Vested During the Year

 

 

$

 

 

 

 

$

1,133,119

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value as of Vesting Date for Dividend Equivalents Paid During the Year Not Otherwise Included in Total Compensation

 

 

$

 

 

 

 

$

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value as of Prior YE for Prior Year Awards Forfeited During the Year

 

 

$

 

 

 

 

$

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value of Equity for CAP Purposes

 

 

$

19,208,155

 

 

 

 

$

(615,030

)

 

 

 

$

5,666,653

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Non-PEO NEOs – CAP Equity Adjustments

2025

2024

2023

2022

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YE Value of Current Year Awards Outstanding as of YE

 

$

4,057,776

 

 

 

$

834,923

 

 

 

$

560,818

 

 

 

$

350,057

 

 

 

$

1,310,553

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in Value as of YE for Prior Year Awards Outstanding as of YE

 

$

453,943

 

 

 

$

122,479

 

 

 

$

(150,476

)

 

 

$

(496,890

)

 

 

$

60,423

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in Value as of Vesting Date for Prior Year Awards That Vested During the Year

 

$

(26,542

)

 

 

$

2,366

 

 

 

$

(9,414

)

 

 

$

(106,757

)

 

 

$

37,056

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value as of Vesting Date for Current Year Awards That Vested During the Year

 

$

 

 

 

$

288,498

 

 

 

$

 

 

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value as of Vesting Date for Dividend Equivalents Paid During the Year Not Otherwise Included in Total Compensation

 

$

 

 

 

$

 

 

 

$

 

 

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value as of Prior YE for Prior Year Awards Forfeited During the Year

 

$

 

 

 

$

 

 

 

$

 

 

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value of Equity for CAP Purposes

 

$

4,485,177

 

 

 

$

1,248,266

 

 

 

$

400,928

 

 

 

$

(253,590

)

 

 

$

1,408,032

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

         
Compensation Actually Paid vs. Total Shareholder Return  

The following chart shows the relationship of the compensation actually paid to our PEOs and the average compensation actually paid to our other non-PEO NEOs to the total shareholder return for the Company (“PDX”) and for the S&P 600 Healthcare Index (“S&P 600 HC”).

img249321969_17.jpg

         
Compensation Actually Paid vs. Company Selected Measure  

The following chart shows the relationship of the compensation actually paid to our PEOs and the average compensation actually paid to our other non-PEO NEOs as compared to our net (loss) income and our Adjusted EBITDA (“AEBITDA”).

img249321969_18.jpg

         
Tabular List, Table  

Tabular List of Most Important Financial Performance Measures

 

We consider the below financial performance measures to be the most important measures used by us to link NEO compensation to Company performance. For further information regarding these performance metrics and their function in our executive compensation program, please see “Compensation Discussion and Analysis.”

 

Most Important Financial Measures

Adjusted EBITDA
Adjusted Income From Operations
Stock Price

         
Total Shareholder Return Amount   $ 87.16   53.46 37.9 60.55 110.88
Peer Group Total Shareholder Return Amount   77.88   78.31 75.74 77.81 105.76
Net Income (Loss)   $ 165,388,000   $ (99,069,000) $ (60,408,000) $ 66,331,000 $ 130,937,000
Company Selected Measure Amount   275,590,000   224,022,000 200,418,000 241,033,000 265,476,000
PEO Name Dr. Swift   Mr. Ordan Dr. Swift Dr. Swift Mr. Ordan Mr. Ordan
Measure:: 1              
Pay vs Performance Disclosure              
Name   Adjusted EBITDA          
Non-GAAP Measure Description   Adjusted EBITDA is the financial measure from the Tabular List of 2025 Most Important Measures shown below, which, in the Company’s assessment, represents for 2025 the most important performance measure used to link compensation actually paid to our CEOs and other NEOs to the Company’s performance. Adjusted EBITDA is defined on page 34 and is a non-GAAP financial measure          
Measure:: 2              
Pay vs Performance Disclosure              
Name   Adjusted Income From Operations          
Measure:: 3              
Pay vs Performance Disclosure              
Name   Stock Price          
Dr Swift [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount $ 2,775,881     $ 3,301,012 $ 2,237,839    
PEO Actually Paid Compensation Amount 2,954,364     4,424,038 1,620,732    
Mr. Ordan [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount     $ 14,140,217     $ 4,655,746 $ 6,848,969
PEO Actually Paid Compensation Amount     24,892,348     540,703 9,015,601
PEO | Dr Swift [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (730,720)     (1,180,087) (1,025,015)    
PEO | Dr Swift [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 909,203     2,303,113 407,908    
PEO | Dr Swift [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 1,104,601     2,057,295 616,999    
PEO | Dr Swift [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 0     240,247 (187,294)    
PEO | Dr Swift [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 0     0 0    
PEO | Dr Swift [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (195,398)     5,571 (21,797)    
PEO | Dr Swift [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 0     0 0    
PEO | Dr Swift [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount $ 0     0 0    
PEO | Mr. Ordan [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (8,456,024)     (3,500,013) (3,500,021)
PEO | Mr. Ordan [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     19,208,155     (615,030) 5,666,653
PEO | Mr. Ordan [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     19,232,391     0 4,664,583
PEO | Mr. Ordan [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0     0 0
PEO | Mr. Ordan [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0     1,133,119 0
PEO | Mr. Ordan [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (24,236)     (1,748,149) 1,002,070
PEO | Mr. Ordan [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     $ 0     0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount   $ (1,853,151)   (715,395) (931,681) (1,081,261) (990,016)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount   4,485,177   1,248,266 400,928 (253,590) 1,408,032
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount   4,057,776   834,923 560,818 350,057 1,310,553
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount   453,943   122,479 (150,476) (496,890) 60,423
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount   0   288,498 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount   (26,542)   2,366 (9,414) (106,757) 37,056
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount   0   0 0 0 0
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount   $ 0   $ 0 $ 0 $ 0 $ 0