Pay Versus Performance Table

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Value of Initial Fixed $100
Investment Based on:

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Year

SCT Total
Comp First
PEO

SCT Total
Comp for
Second PEO

CAP to
First PEO

CAP to
Second PEO

Avg. SCT
Total Comp
for Non-PEO NEOs

Avg. CAP to
Non-PEO
NEOs

TSR

Peer Group
TSR (S&P
Index)

Net Income
(in Millions)

Diluted
EPS

​

($)(1)

($)(2)

($)(3)

($)(4)

($)(5)

($)(6)

($)(7)

($)(8)

($)

($)

2025

10,822,133

N/A

10,139,183

N/A

2,497,043

1,937,250

230.83

136.53

405.6

6.10

2024

6,186,009

N/A

7,866,236

N/A

2,156,772

2,669,087

244.98

137.98

433.6

6.47

2023

5,347,527

N/A

6,435,377

N/A

1,746,269

1,697,782

164.83

128.97

304.9

4.54

2022

4,421,989

N/A

5,725,465

N/A

1,662,319

1,823,561

123.49

112.90

269.8

3.97

2021

3,769,765

4,986,164

3,801,740

(2,793,754)

2,634,509

1,934,435

114.97

122.18

245.3

3.50

(1)

For the purposes of this table, the Principal Executive Officer refers to Gerald L. Morgan. On March 18, 2021, Mr. Morgan was named Chief Executive Officer of the Company following W. Kent Taylor’s passing. The amounts described in this column relate to amounts disclosed in the Summary Compensation Table of this proxy statement. Additionally, for the purposes of the 2021 fiscal year, the amounts also reflect compensation received by Mr. Morgan for positions within the Company before assuming the role of Chief Executive Officer on March 18, 2021.  

(2)

For the purposes of this table, the Second Principal Executive Officer refers to W. Kent Taylor. Mr. Taylor served as the Chief Executive Officer of the Company until his passing on March 18, 2021. The amounts described in this column relate to amounts disclosed in the Summary Compensation Table of this proxy statement.

(3)

The dollar amounts reported in the “CAP to First PEO” column 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 First PEO. These amounts reflect the amount set forth in the “Total” column of the “Summary Compensation Table” for each fiscal year presented, with certain adjustments as described in the table below, in accordance with the requirements of Item 402(v) of Regulation S-K. Amounts in the below reconciliation table may not sum to total due to rounding:

CALCULATION OF FIRST PEO CAP

Year

SCT
Total
Comp

SCT
Stock
Awards

Value of
Unvested
Equity Awards
Granted during
CFY

Change in
Value of
Equity Awards
Granted in
Prior Years
and Unvested
at end of
CFY

Value of
Equity Awards
Granted and
Vested in
CFY

Change in
Value of
Granted in
Prior Years
and Vested in
CFY 

Value of
Equity Awards
Previously
Granted that
Failed to Meet
Conditions in
CFY

CAP to First PEO($)

​

($)(a)

($)(b)

($)(c)

($)(d)

($)(e)

($)(f)

($)(g)(i)

(a)-(b)+(c)+(d)+(e)+(f)-(g)

2025

10,822,133

8,410,928

7,767,360

—

—

(39,382)

​

10,139,183

2024

6,186,009

2,602,600

3,969,460

—

—

313,367

—

7,866,236

2023

5,347,527

2,599,856

3,423,848

—

—

263,858

—

6,435,377

2022

4,421,989

2,201,368

2,297,748

—

4,996

1,202,100

—

5,725,465

2021

3,769,765

2,394,513

2,352,525

—

—

73,963

—

3,801,740

CALCULATION OF SECOND PEO CAP

Year

SCT
Total
Comp

SCT
Stock
Awards

Value of
Unvested
Equity Awards
Granted during
CFY

Change in
Value of
Equity Awards
Granted in
Prior Years
and Unvested
at end of
CFY

Value of
Equity Awards
Granted and
Vested in
CFY

Change in
Value of
Equity Awards
Granted in
Prior Years
and Vested in
CFY 

Value of
Equity Awards
Previously
Granted that
Failed to Meet
Conditions in
CFY

CAP to Second PEO($)

​

 ($)(a)

($)(b)

($)(c)

($)(d)

($)(e)

($)(f)

($)(g)

(a)-(b)+(c)+(d)+(e)+(f)-(g)

2025

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

2024

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

2023

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

2022

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

2021

4,986,164

4,753,200

—

—

1,909,885

880,222

5,816,825

(2,793,754)

(5)

For the purposes of the 2021 fiscal year, the Non-Principal Executive Officers include Tonya R. Robinson, Doug W. Thompson, S. Chris Jacobsen, Christopher C. Colson, Hernan E. Mujica, and Regina A. Tobin.

CALCULATION OF 2021 NON-PEO CAP

Non PEO

SCT
Total
Comp
($)(a)

SCT
Stock
Awards
($)(b)

Value of
Unvested
Equity Awards
Granted during
CFY
($)(c)

Change in
Value of
Equity Awards
Granted in
Prior Years
and Unvested
at end of
CFY
($)(d)

Value of
Equity Awards
Granted and
Vested in
CFY
($)(e)

Change in
Value of
Equity Awards
Granted in
Prior Years
and Vested in
CFY
($)(f)

Value of
Equity Awards
Previously
Granted that
Failed to Meet
Conditions in
CFY
($)(g)

CAP to Non-PEO($)
(a)-(b)+(c)+(d)+(e)+(f)-(g)

Robinson

1,788,492

998,855

1,120,250

—

—

5,234

147,497

1,767,624

Thompson

7,556,722

2,376,600

—

—

—

6,192

1,475,289

3,711,025

Jacobsen

1,712,853

950,640

1,075,440

—

—

4,020

516,319

1,325,354

Tobin

1,395,079

822,315

761,770

—

—

56,190

—

1,390,724

Colson

1,589,173

945,109

873,795

—

—

66,566

—

1,584,425

Mujica

1,764,732

1,142,043

1,064,238

—

—

140,529

—

1,827,456

Average

2,634,509

1,205,927

815,916

—

—

46,455

356,518

1,934,435

CALCULATION OF 2022 NON-PEO CAP

Non PEO

SCT
Total
Comp
($)(a)

SCT
Stock
Awards
($)(b)

Value of
Unvested
Equity Awards
Granted during
CFY
($)(c)

Change in
Value of
Equity Awards
Granted in
Prior Years
and Unvested
at end of
CFY
($)(d)

Value of
Equity Awards
Granted and
Vested in
CFY
($)(e)

Change in
Value of
Equity Awards
Granted in
Prior Years
and Vested in
CFY
($)(f)

Value of
Equity Awards
Previously
Granted that
Failed to Meet
Conditions in
CFY
($)(g)

CAP to Non-PEO($)
(a)-(b)+(c)+(d)+(e)+(f)-(g)

Robinson

1,755,123

893,178

932,283

—

—

205,623

—

1,999,851

Jacobsen

1,787,674

793,936

828,696

—

—

403,536

—

2,225,970

Tobin

1,788,904

795,166

913,449

—

—

(11,380)

—

1,895,807

Colson

1,489,948

496,210

517,935

—

—

(6,458)

—

1,505,215

Mujica

1,489,948

496,210

517,935

—

—

(20,710)

—

1,490,963

Average

1,662,319

694,940

742,060

—

—

114,122

—

1,823,561

CALCULATION OF 2023 NON-PEO CAP

Non PEO

SCT
Total
Comp
($)(a)

SCT
Stock
Awards
($)(b)

Value of
Unvested
Equity Awards
Granted during
CFY
($)(c)

Change in
Value of
Equity Awards
Granted in
Prior Years
and Unvested
at end of
CFY
($)(d)

Value of
Equity Awards
Granted and
Vested in
CFY
($)(e)

Change in
Value of
Equity Awards
Granted in
Prior Years
and Vested in
CFY
($)(f)

Value of
Equity Awards
Previously
Granted that
Failed to Meet
Conditions in
CFY
($)(g)

CAP to Non-PEO($) 
(a)-(b)+(c)+(d)+(e)+(f)-(g)

Tobin

2,400,016

897,792

1,182,336

—

—

90,021

—

2,774,581

Monroe

1,398,938

404,484

455,692

—

—

—

—

1,450,146

Humpich

1,148,979

364,629

421,946

—

—

48,696

—

1,254,992

Robinson

2,021,333

—

—

—

—

—

932,283

1,089,050

Doster

1,518,004

860,836

1,014,838

—

—

70,954

—

1,742,960

Jacobsen

1,827,450

804,272

—

—

—

95,188

—

1,118,366

Colson

1,826,340

794,920

1,046,860

—

—

(3,575)

—

2,074,705

Mujica

1,829,094

794,920

1,046,860

—

—

(3,575)

—

2,077,459

Average

1,746,269

615,232

646,067

—

—

37,214

116,535

1,697,782

CALCULATION OF 2024 NON-PEO CAP

Non PEO

SCT
Total
Comp
($)(a)

SCT
Stock
Awards
($)(b)

Value of
Unvested
Equity Awards
Granted during
CFY
($)(c)

Change in
Value of
Equity Awards
Granted in
Prior Years
and Unvested
at end of
CFY
($)(d)

Value of
Equity Awards
Granted and
Vested in
CFY
($)(e)

Change in
Value of
Equity Awards
Granted in
Prior Years
and Vested in
CFY
($)(f)

Value of
Equity Awards
Previously
Granted that
Failed to Meet
Conditions in
CFY
($)(g)

CAP to Non-PEO($) 
(a)-(b)+(c)+(d)+(e)+(f)-(g)

Tobin

2,830,728

899,080

1,371,268

—

—

92,110

—

3,395,026

Monroe

2,345,344

792,610

1,208,881

—

—

169,556

—

2,931,171

Doster

1,413,672

92,442

113,310

274,896

—

159,213

—

1,868,649

Colson

2,095,563

792,610

1,208,881

—

—

61,966

—

2,573,800

Mujica

2,098,551

792,610

1,208,881

—

—

61,966

—

2,576,788

Average

2,156,772

673,870

1,022,244

54,979

—

108,962

—

2,669,087

CALCULATION OF 2025 NON-PEO CAP

Non PEO

SCT
Total
Comp
($)(a)

SCT
Stock
Awards
($)(b)

Value of
Unvested
Equity Awards
Granted during
CFY
($)(c)

Change in
Value of
Equity Awards
Granted in
Prior Years
and Unvested
at end of
CFY
($)(d)

Value of
Equity Awards
Granted and
Vested in
CFY
($)(e)

Change in
Value of
Equity Awards
Granted in
Prior Years
and Vested in
CFY
($)(f)

Value of
Equity Awards
Previously
Granted that
Failed to Meet
Conditions in
CFY
($)(g)

CAP to Non-PEO($) 
(a)-(b)+(c)+(d)+(e)+(f)-(g)

Tobin

4,085,463

2,900,320

2,678,400

—

—

(11,500)

—

3,852,043

Lenihan

534,374

492,768

485,460

—

—

—

—

527,066

Doster

2,844,018

1,885,208

1,740,960

—

—

(10,474)

—

2,689,296

Colson

2,842,506

1,885,208

1,740,960

—

—

(7,523)

—

2,690,735

Mujica

2,845,260

1,885,208

1,740,960

—

—

(7,523)

—

2,693,489

Marshall

2,328,292

1,432,033

1,322,460

—

—

(5,960)

—

2,212,759

Humpich

1,638,793

875,787

822,604

—

—

8,341

—

1,593,951

Monroe

2,857,634

1,885,208

—

—

—

7,197

1,740,960

(761,337)

Average

2,497,043

1,655,218

1,316,476

—

—

(3,430)

217,620

1,937,250

(3)

The dollar amounts reported in the “CAP to First PEO” column 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 First PEO. These amounts reflect the amount set forth in the “Total” column of the “Summary Compensation Table” for each fiscal year presented, with certain adjustments as described in the table below, in accordance with the requirements of Item 402(v) of Regulation S-K. Amounts in the below reconciliation table may not sum to total due to rounding:

CALCULATION OF FIRST PEO CAP

Year

SCT
Total
Comp

SCT
Stock
Awards

Value of
Unvested
Equity Awards
Granted during
CFY

Change in
Value of
Equity Awards
Granted in
Prior Years
and Unvested
at end of
CFY

Value of
Equity Awards
Granted and
Vested in
CFY

Change in
Value of
Granted in
Prior Years
and Vested in
CFY 

Value of
Equity Awards
Previously
Granted that
Failed to Meet
Conditions in
CFY

CAP to First PEO($)

​

($)(a)

($)(b)

($)(c)

($)(d)

($)(e)

($)(f)

($)(g)(i)

(a)-(b)+(c)+(d)+(e)+(f)-(g)

2025

10,822,133

8,410,928

7,767,360

—

—

(39,382)

​

10,139,183

2024

6,186,009

2,602,600

3,969,460

—

—

313,367

—

7,866,236

2023

5,347,527

2,599,856

3,423,848

—

—

263,858

—

6,435,377

2022

4,421,989

2,201,368

2,297,748

—

4,996

1,202,100

—

5,725,465

2021

3,769,765

2,394,513

2,352,525

—

—

73,963

—

3,801,740

CALCULATION OF SECOND PEO CAP

Year

SCT
Total
Comp

SCT
Stock
Awards

Value of
Unvested
Equity Awards
Granted during
CFY

Change in
Value of
Equity Awards
Granted in
Prior Years
and Unvested
at end of
CFY

Value of
Equity Awards
Granted and
Vested in
CFY

Change in
Value of
Equity Awards
Granted in
Prior Years
and Vested in
CFY 

Value of
Equity Awards
Previously
Granted that
Failed to Meet
Conditions in
CFY

CAP to Second PEO($)

​

 ($)(a)

($)(b)

($)(c)

($)(d)

($)(e)

($)(f)

($)(g)

(a)-(b)+(c)+(d)+(e)+(f)-(g)

2025

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

2024

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

2023

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

2022

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

2021

4,986,164

4,753,200

—

—

1,909,885

880,222

5,816,825

(2,793,754)

Most Important Performance Measures