Pay vs Performance Disclosure - USD ($)
May 31, 2022
Dec. 31, 2022
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Summary compensation table total | Compensation actually paid | Value of initial fixed $100 investment based on: | ||||||||||
Year | PEO 1 Ryan P. Hicke ($)(1) | PEO 2 Alfred P. West, Jr. ($)(2) | PEO 1 Ryan P. Hicke ($)(3) | PEO 2 Alfred P. West, Jr. ($)(4) | Average summary compensation table total for non-PEO NEOs ($)(5) | Average compensation actually paid to non-PEO NEOs ($)(6) | SEI TSR ($)(7) | Industry index TSR ($)(8) | Net income ($000s)(9) | Adjusted pre-tax earnings per share ($)(10) | ||
2025 | 11,819,204 | N/A | 12,421,417 | N/A | 4,167,825 | 4,219,532 | 152.47 | 202.43 | 715,305 | 6.67 | ||
2024 | 8,766,030 | N/A | 13,322,190 | N/A | 3,894,017 | 4,668,599 | 134.70 | 247.25 | 581,191 | 5.98 | ||
2023 | 5,934,430 | N/A | 6,142,130 | N/A | 3,050,860 | 3,080,441 | 102.46 | 181.96 | 462,258 | 4.61 | ||
2022 | 6,402,465 | 2,469,653 | 6,224,840 | 2,377,978 | 3,494,008 | 3,332,318 | 92.66 | 129.82 | 475,467 | 4.48 | ||
2021 | N/A | 2,367,239 | N/A | 2,475,614 | 1,991,178 | 2,162,026 | 95.47 | 180.24 | 546,593 | 5.12 | ||
Chief Executive Officer (and thus became our PEO) effective June 1, 2022.
Reflects compensation amounts reported in the SCT in 2022 for Alfred P. West, Jr., who served as our Chief Executive Officer (and thus as our PEO) during 2021 and for the period January 1, 2022, through May 31, 2022.
The following non-PEO named executive officers are included in the average figures shown:2021: Dennis J. McGonigle, Wayne M. Withrow, Ryan P. Hicke, Philip N. McCabe
2022: Dennis J. McGonigle, Wayne M. Withrow, Kevin P. Barr, Philip N. McCabe
2023: Alfred P. West, Jr., Dennis J. McGonigle, Wayne M. Withrow, Philip N. McCabe
2024: Sean J. Denham, Michael F. Lane, Michael N. Peterson, Philip N. McCabe, Dennis J. McGonigle
2025: Sean J. Denham, Sanjay K. Sharma, Michael F. Lane, Philip N. McCabe
ending on December 31 of each of 2025, 2024, 2023, 2022 and 2021, respectively.
For the relevant fiscal year, represents the cumulative TSR of an Industry Index, a blend of indices including 79% NASDAQ US Asset Managers and Custodians and 21% NASDAQ US Software for the measurement period ended on December 31, 2025, 2024 and
2023 and 76% NASDAQ US Asset Managers and Custodians and 24% NASDAQ US Software for the measurement periods ended on
December 31 of each of 2022 and 2021, respectively. This blended Industry Index is intended to reflect the relative contribution of the
Company’s asset management and technology‑related services, rather than to represent a single‑industry peer group. The weighting
of the blended Industry Index is based on the Company’s revenue mix for the applicable periods and is intended to provide a more
meaningful performance comparison given its diversified operations.
of this table, adjusted as set forth in the table below, as determined in accordance with SEC rules. RSUs are paid in Company shares
once the underlying award vests, and are incorporated as applicable in the table below. The dollar amount reflected in column (1) of
this table does not reflect the actual amount of compensation earned by or paid to Mr. Hicke during the applicable year.
CAP for Mr. West in each of 2022 and 2021 reflects the respective amounts set forth in column (2) of this table, adjusted as set forth in the table below, as determined in accordance with SEC rules. RSUs are paid in Company shares once the underlying award vests,
and are incorporated as applicable in the table below. The dollar amounts reflected in column (2) of this table do not reflect the actual
amount of compensation earned by or paid to Mr. West during the applicable year.
Year | 2021 | 2022 | 2022 | 2023 | 2024 | 2025 |
PEO | Alfred P. West, Jr. | Alfred P. West, Jr. | Ryan P. Hicke | Ryan P. Hicke | Ryan P. Hicke | Ryan P. Hicke |
SCT total compensation ($) | 2,367,239 | 2,469,653 | 6,402,465 | 5,934,430 | 8,766,030 | 11,819,204 |
Less: stock and option award values reported in SCT for the covered year ($) | (373,625) | (694,825) | (4,106,600) | (3,416,000) | (5,697,000) | (8,749,974) |
Plus: fair value for stock and option awards granted in the covered year ($) | 383,000 | 628,450 | 3,941,000 | 3,544,500 | 5,300,500 | 9,563,637 |
Change in fair value of outstanding unvested stock and option awards from prior years ($) | 49,500 | 50,075 | 63,350 | 95,800 | 4,395,010 | (12,900) |
Change in fair value of stock and option awards from prior years that vested in the covered year ($) | 49,500 | (75,375) | (75,375) | (16,600) | 557,650 | (198,550) |
Compensation actually paid ($) | 2,475,614 | 2,377,978 | 6,224,840 | 6,142,130 | 13,322,190 | 12,421,417 |
Equity Valuations: Stock option grant date fair values are calculated based on the Black-Scholes option pricing model as of date of
grant. Adjustments have been made using stock option fair values as of each measurement date using the stock price as of the
measurement date and updated assumptions (i.e., term, volatility, dividend yield, risk free rates) as of the measurement date. RSU
grant date fair values are calculated using the stock price as of date of grant.
set forth in column (5) of this table, adjusted as set forth in the table below, as determined in accordance with SEC rules. RSUs are
paid in company shares once the underlying award vests, and are incorporated as applicable in the table below. The dollar amounts
reflected in column (5) of this table do not reflect the actual amounts of compensation earned by or paid to our non-PEO named
executive officers during the applicable years.
Year | 2021 Average | 2022 Average | 2023 Average | 2024 Average | 2025 Average |
Non-PEO NEOs | See column (5) note | See column (5) note | See column (5) note | See column (5) note | See column (5) note |
SCT total compensation ($) | 1,991,178 | 3,494,008 | 3,050,860 | 3,894,017 | 4,167,825 |
Less: stock and option award values reported in SCT for the covered year ($) | (429,669) | (1,893,842) | (637,000) | (3,016,985) | (2,067,575) |
Plus: fair value for stock and option awards granted in the covered year ($) | 440,450 | 1,754,833 | 663,700 | 2,451,802 | 2,194,870 |
Change in fair value of outstanding unvested stock and option awards from prior years ($) | 176,488 | 52,694 | (11,369) | 672,205 | (13,569) |
Change in fair value of stock and option awards from prior years that vested in the covered year ($) | (16,421) | (75,375) | 14,250 | 667,560 | (62,019) |
Compensation actually paid ($) | 2,162,026 | 3,332,318 | 3,080,441 | 4,668,599 | 4,219,532 |
Equity Valuations: Stock option grant date fair values are calculated based on the Black-Scholes option pricing model as of the date
of grant. Adjustments have been made using stock option fair values as of each measurement date using the stock price as of the
measurement date and updated assumptions (i.e., term, volatility, dividend yield, risk free rates) as of the measurement date.
RSU grant date fair values are calculated using the stock price as of date of grant.
Compensation Actually Paid to our Non-PEO NEOs, the Company’s cumulative TSR, and the Industry Index cumulative
TSR over the five most recently completed fiscal years. TSR values for the Company and Industry Index assume $100
invested on December 31, 2020 through the last business day of the listed year.
¢ | PEO 1 (Ryan P. Hicke) CAP | ¢ | PEO 2 (Alfred P. West, Jr.) CAP | ¢ | Non-PEO NEO CAP |  | SEI TSR |  | Industry Index TSR |
Compensation Actually Paid to our Non-PEO NEOs, and our Net Income during the five most recently completed
fiscal years.
¢ | PEO 1 (Ryan P. Hicke) CAP | ¢ | PEO 2 (Alfred P. West, Jr.) CAP | ¢ | Non-PEO NEO CAP | | Net Income |
Compensation Actually Paid to our Non-PEO NEOs, and our Adjusted Pre-Tax EPS during the five most recently
completed fiscal years.
¢ | PEO 1 (Ryan P. Hicke) CAP | ¢ | PEO 2 (Alfred P. West, Jr.) CAP | ¢ | Non-PEO NEO CAP | | Adjusted Pre-Tax Earnings Per Share |
When calculating our 2025 Adjusted Pre-Tax Earnings Per Share for purposes of our Pay Versus Performance disclosure,
the Committee made the following adjustments to our GAAP earnings per share, which is consistent with the adjustment
the Committee makes when determining whether the EPS vesting targets for outstanding stock options have been met:
•excluded any reduction for stock-based compensation expense associated with stock options in accordance with
Accounting Standards Codification 718 equity compensation (Stock-Based Compensation) from any calculation of the
achievement of EPS vesting targets; and
•excluded the gain on the sale of the Company’s Family Office Services business.
See Annex A of this Proxy Statement for a reconciliation of Diluted Earnings Per Share reported in accordance with
generally accepted accounting principles (GAAP) to Adjusted Pre-Tax Earnings Per Share (non-GAAP) during the five
most recently completed fiscal years.
Compensation Actually Paid to our Non-PEO NEOs, the Company’s cumulative TSR, and the Industry Index cumulative
TSR over the five most recently completed fiscal years. TSR values for the Company and Industry Index assume $100
invested on December 31, 2020 through the last business day of the listed year.
¢ | PEO 1 (Ryan P. Hicke) CAP | ¢ | PEO 2 (Alfred P. West, Jr.) CAP | ¢ | Non-PEO NEO CAP | | SEI TSR | | Industry Index TSR |
the Company’s Annual Reports on Form 10-K for each of the years ended December 31, 2025, 2024, 2023, 2022 and 2021.
the quotient of (A) the Company’s calendar year net income before income taxes adjusted to not include any reduction for stock-option
expense under ASC 718 equity compensation and the effect of items or events that the Compensation Committee determines in its
discretion should be excluded for compensation purposes, divided by (B) the Company’s diluted shares outstanding. See Annex A of
this Proxy Statement for a reconciliation of Diluted Earnings Per Share reported in accordance with generally accepted accounting
principles (GAAP) to Adjusted Pre-Tax Earnings Per Share (non-GAAP).