0002001184 2025-01-01 2025-12-31 0002001184 2024-01-01 2024-12-31 0002001184 ecd:AggtChngPnsnValInSummryCompstnTblForAplblYrMember ecd:PeoMember 2025-01-01 2025-12-31 0002001184 ecd:AggtChngPnsnValInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0002001184 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2025-01-01 2025-12-31 0002001184 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0002001184 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0002001184 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0002001184 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2025-01-01 2025-12-31 0002001184 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0002001184 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0002001184 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0002001184 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0002001184 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0002001184 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0002001184 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0002001184 1 2025-01-01 2025-12-31 0002001184 ecd:NonPeoNeoMember 1 2025-01-01 2025-12-31 0002001184 ecd:NonPeoNeoMember 2 2025-01-01 2025-12-31 0002001184 ecd:NonPeoNeoMember 3 2025-01-01 2025-12-31 0002001184 ecd:NonPeoNeoMember 4 2025-01-01 2025-12-31 0002001184 2025-11-17 2025-01-01 2025-12-31 0002001184 2025-11-17 2025-12-31 iso4217:USD DEF 14A 0002001184 false PACS Group, Inc. true <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:140%">We do not grant equity awards in anticipation of the release of material nonpublic information and we do not time the release of material nonpublic information for the purpose of affecting the value of executive compensation. In the event material nonpublic information becomes known to the compensation committee before granting an equity award, the compensation committee will consider such information and use its business judgment to determine whether to delay the grant of equity to avoid any appearance of impropriety. In 2025, we did not grant awards of stock options, stock appreciation rights, or similar option-like instruments to our NEOs or our employees.</span></div> We do not grant equity awards in anticipation of the release of material nonpublic information and we do not time the release of material nonpublic information for the purpose of affecting the value of executive compensation. In the event material nonpublic information becomes known to the compensation committee before granting an equity award, the compensation committee will consider such information and use its business judgment to determine whether to delay the grant of equity to avoid any appearance of impropriety. false false In the event material nonpublic information becomes known to the compensation committee before granting an equity award, the compensation committee will consider such information and use its business judgment to determine whether to delay the grant of equity to avoid any appearance of impropriety. true <div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:0.1%"></td><td style="width:0.841%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.108%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.251%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.251%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.251%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.251%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.507%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.507%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.870%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.019%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.844%"></td><td style="width:0.1%"></td></tr><tr style="height:5pt"><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="6" style="background-color:#6f6fd9;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:7pt;font-weight:700;line-height:120%">VALUE OF INITIAL FIXED $100 INVESTMENT ON 4/11/2024 AS OF YEAR-END IN:</span></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:7pt;font-weight:700;line-height:120%">YEAR</span></td><td colspan="3" style="background-color:#6f6fd9;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:7pt;font-weight:700;line-height:120%">SUMMARY COMPENSATION TABLE TOTAL FOR PEO</span></div><div style="text-align:right"><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:7pt;font-weight:700;line-height:120%">($)</span><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:4.55pt;font-weight:700;line-height:120%;position:relative;top:-2.44pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#6f6fd9;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:7pt;font-weight:700;line-height:120%">COMPENSATION ACTUALLY PAID TO PEO</span></div><div style="text-align:right"><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:7pt;font-weight:700;line-height:120%">($)</span><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:4.55pt;font-weight:700;line-height:120%;position:relative;top:-2.44pt;vertical-align:baseline">(1)(2)</span></div></td><td colspan="3" style="background-color:#6f6fd9;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:7pt;font-weight:700;line-height:120%">AVERAGE SUMMARY COMPENSATION TABLE TOTAL FOR NON-PEO NEOS</span></div><div style="text-align:right"><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:7pt;font-weight:700;line-height:120%">($)</span><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:4.55pt;font-weight:700;line-height:120%;position:relative;top:-2.44pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#6f6fd9;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:7pt;font-weight:700;line-height:120%">AVERAGE COMPENSATION ACTUALLY PAID TO NON-PEO NEOS</span></div><div style="text-align:right"><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:7pt;font-weight:700;line-height:120%">($)</span><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:4.55pt;font-weight:700;line-height:120%;position:relative;top:-2.44pt;vertical-align:baseline">(1)(2)</span></div></td><td colspan="3" style="background-color:#6f6fd9;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:7pt;font-weight:700;line-height:120%">TOTAL SHAREHOLDER RETURN</span></div><div style="text-align:right"><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:7pt;font-weight:700;line-height:120%">($)</span><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:4.55pt;font-weight:700;line-height:120%;position:relative;top:-2.44pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#6f6fd9;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:7pt;font-weight:700;line-height:120%">PEER GROUP TOTAL SHAREHOLDER RETURN</span></div><div style="text-align:right"><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:7pt;font-weight:700;line-height:120%">($)</span><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:4.55pt;font-weight:700;line-height:120%;position:relative;top:-2.44pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#6f6fd9;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:7pt;font-weight:700;line-height:120%">NET INCOME </span></div><div style="text-align:right"><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:7pt;font-weight:700;line-height:120%">($ IN MILLIONS)</span><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:4.55pt;font-weight:700;line-height:120%;position:relative;top:-2.44pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#6f6fd9;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:7pt;font-weight:700;line-height:120%">ADJUSTED EBITDA</span></div><div style="text-align:right"><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:7pt;font-weight:700;line-height:120%">($ IN MILLIONS)</span><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:4.55pt;font-weight:700;line-height:120%;position:relative;top:-2.44pt;vertical-align:baseline">(5)</span></div></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td></tr><tr style="height:5pt"><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#f1f1fb;padding:0 1pt"></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'TT Commons Pro DemiBold',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2025</span></div></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">17,071,124</span></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">17,965,301</span></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">10,440,812</span></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">21,983,762</span></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">167</span></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">125.49</span></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">191.5</span></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">505.0</span></td><td colspan="3" style="background-color:#f1f1fb;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.75pt solid #6f6fd9;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.75pt solid #6f6fd9;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'TT Commons Pro DemiBold',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2024</span></div></td><td colspan="3" style="border-bottom:0.75pt solid #6f6fd9;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5,039,085</span></td><td colspan="3" style="border-bottom:0.75pt solid #6f6fd9;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5,039,085</span></td><td colspan="3" style="border-bottom:0.75pt solid #6f6fd9;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">40,959,587</span></td><td colspan="3" style="border-bottom:0.75pt solid #6f6fd9;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">31,554,093</span></td><td colspan="3" style="border-bottom:0.75pt solid #6f6fd9;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">57</span></td><td colspan="3" style="border-bottom:0.75pt solid #6f6fd9;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">116.06</span></td><td colspan="3" style="border-bottom:0.75pt solid #6f6fd9;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">55.3</span></td><td colspan="3" style="border-bottom:0.75pt solid #6f6fd9;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">279.5</span></td><td colspan="3" style="border-bottom:0.75pt solid #6f6fd9;padding:0 1pt"></td></tr></table></div> 17071124 17965301 10440812 21983762 167 125.49 191500000 505000000.0 5039085 5039085 40959587 31554093 57 116.06 55300000 279500000 <span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:120%;padding-left:8.85pt">For 2024 and 2025, the PEO was Jason Murray. For 2025, the Non-PEO NEOs were Mark Hancock, Derick Apt, Josh Jergensen, John Mitchell and Michelle Lewis. For 2024, the Non-PEO NEOs were Derick Apt, Josh Jergensen, John Mitchell and PJ Sanford. Although we voluntarily included Mark Hancock as an NEO for the fiscal year ended December 31, 2024, we have excluded him from the calculations applicable to our Non-PEO NEOs in the above table for the fiscal year ended December 31, 2024 because he was not a “named executive officer” under SEC regulations for 2024.</span> Jason Murray Jason Murray <span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:120%;padding-left:8.85pt">For 2025, compensation actually paid (“CAP”) was determined by making the following adjustments to Summary Compensation Totals for equity awards:</span><div style="margin-bottom:3pt;padding-left:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.321%"><tr><td style="width:0.1%"></td><td style="width:0.870%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:69.236%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.744%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.578%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.872%"></td><td style="width:0.1%"></td></tr><tr style="height:5pt"><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:7.5pt;font-weight:700;line-height:120%">PEO<br/>($)</span></td><td colspan="3" style="background-color:#6f6fd9;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:7.5pt;font-weight:700;line-height:120%">AVERAGE OF NON-PEO NEOS<br/>($)</span></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td></tr><tr style="height:5pt"><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#f1f1fb;padding:0 1pt"></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'TT Commons Pro DemiBold',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Reported Summary Compensation Table (“SCT”) Total</span></div></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">17,071,124</span></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">10,440,812</span></td><td colspan="3" style="background-color:#f1f1fb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'TT Commons Pro DemiBold',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Adjustments:</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#f1f1fb;padding:0 1pt"></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'TT Commons Pro DemiBold',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Deduction of Amounts Reported in “Stock Awards” Column of the SCT</span><span style="color:#000000;font-family:'TT Commons Pro DemiBold',sans-serif;font-size:5.85pt;font-weight:700;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(i)</span></div></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(8,358,504)</span></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(4,026,473)</span></td><td colspan="3" style="background-color:#f1f1fb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Year End Fair Value of Equity Awards Granted in the Reported Year that remain Unvested at Year End</span><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(ii)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">9,252,681</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,457,217</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#f1f1fb;padding:0 1pt"></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Fair Value at Vesting of Equity Awards Granted and Vested in the Reported Year</span><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(v)</span></div></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">—</span></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">—</span></td><td colspan="3" style="background-color:#f1f1fb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Remain Unvested at Year End</span><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(iii)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">—</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">13,665,033</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#f1f1fb;padding:0 1pt"></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Change in Fair Value Between Prior Year End and Vesting Date for Awards Granted in Prior that Vested in the Reported Year</span><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(iv)</span></div></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">—</span></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(701,218)</span></td><td colspan="3" style="background-color:#f1f1fb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Deduction of Fair Value at the End of the Prior Year of Equity Awards Granted in Prior Years that were Forfeited in the Reported Year</span><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(vi)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">—</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,851,609)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#f1f1fb;padding:0 1pt"></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Value of Dividends or Other Earnings Paid on Option and Stock Awards Not Otherwise Reflected in Total Compensation</span><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(vii)</span></div></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">—</span></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">—</span></td><td colspan="3" style="background-color:#f1f1fb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:0.75pt solid #6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.75pt solid #6f6fd9;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'TT Commons Pro DemiBold',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Compensation Actually Paid</span></div></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.75pt solid #6f6fd9;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">17,965,301</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.75pt solid #6f6fd9;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">21,983,762</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.75pt solid #6f6fd9;padding:0 1pt"></td></tr></table></div> <span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:120%;padding-left:8.85pt">For 2025, compensation actually paid (“CAP”) was determined by making the following adjustments to Summary Compensation Totals for equity awards:</span><div style="margin-bottom:3pt;padding-left:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.321%"><tr><td style="width:0.1%"></td><td style="width:0.870%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:69.236%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.744%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.578%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.872%"></td><td style="width:0.1%"></td></tr><tr style="height:5pt"><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:7.5pt;font-weight:700;line-height:120%">PEO<br/>($)</span></td><td colspan="3" style="background-color:#6f6fd9;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#ffffff;font-family:'TT Commons Pro',sans-serif;font-size:7.5pt;font-weight:700;line-height:120%">AVERAGE OF NON-PEO NEOS<br/>($)</span></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td></tr><tr style="height:5pt"><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#6f6fd9;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#f1f1fb;padding:0 1pt"></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'TT Commons Pro DemiBold',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Reported Summary Compensation Table (“SCT”) Total</span></div></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">17,071,124</span></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">10,440,812</span></td><td colspan="3" style="background-color:#f1f1fb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'TT Commons Pro DemiBold',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Adjustments:</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#f1f1fb;padding:0 1pt"></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'TT Commons Pro DemiBold',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Deduction of Amounts Reported in “Stock Awards” Column of the SCT</span><span style="color:#000000;font-family:'TT Commons Pro DemiBold',sans-serif;font-size:5.85pt;font-weight:700;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(i)</span></div></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(8,358,504)</span></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(4,026,473)</span></td><td colspan="3" style="background-color:#f1f1fb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Year End Fair Value of Equity Awards Granted in the Reported Year that remain Unvested at Year End</span><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(ii)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">9,252,681</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,457,217</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#f1f1fb;padding:0 1pt"></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Fair Value at Vesting of Equity Awards Granted and Vested in the Reported Year</span><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(v)</span></div></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">—</span></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">—</span></td><td colspan="3" style="background-color:#f1f1fb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Remain Unvested at Year End</span><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(iii)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">—</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">13,665,033</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#f1f1fb;padding:0 1pt"></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Change in Fair Value Between Prior Year End and Vesting Date for Awards Granted in Prior that Vested in the Reported Year</span><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(iv)</span></div></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">—</span></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(701,218)</span></td><td colspan="3" style="background-color:#f1f1fb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Deduction of Fair Value at the End of the Prior Year of Equity Awards Granted in Prior Years that were Forfeited in the Reported Year</span><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(vi)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">—</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,851,609)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#f1f1fb;padding:0 1pt"></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Value of Dividends or Other Earnings Paid on Option and Stock Awards Not Otherwise Reflected in Total Compensation</span><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(vii)</span></div></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">—</span></td><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">—</span></td><td colspan="3" style="background-color:#f1f1fb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:0.75pt solid #6f6fd9;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.75pt solid #6f6fd9;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'TT Commons Pro DemiBold',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Compensation Actually Paid</span></div></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.75pt solid #6f6fd9;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">17,965,301</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.75pt solid #6f6fd9;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">21,983,762</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.75pt solid #6f6fd9;padding:0 1pt"></td></tr></table></div> 17071124 10440812 -8358504 -4026473 9252681 4457217 0 0 0 13665033 0 -701218 0 -1851609 0 0 17965301 21983762 <span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:120%;padding-left:8.85pt">Represents the cumulative TSR of our common stock and the cumulative TSR of our peer group (the “Peer Group TSR”), as reflected in our stock performance graph as disclosed in our 2025 Annual Report. In accordance with SEC rules, the table assumes $100 was invested at the market close on April 11, 2024, the date our common stock commenced regular-way trading on the New York Stock Exchange, through the end of each fiscal year shown. The companies included in our peer group (“Peer Group”) are as follows: The Ensign Group, Inc. (“ENSG”), Encompass Health Corporation (“EHC”), and Selected Medical Holdings Corporation (“SEM”). For the Peer Group, the Peer Group TSR includes the re-investment of dividends.</span> <span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:120%;padding-left:8.85pt">The dollar amounts reported represent the amount of net income reflected in our audited financial statements for the applicable year.</span> <span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:120%;padding-left:8.85pt">See the section titled “Non-GAAP Financial Measures” in the Appendix for a definition of Adjusted EBITDA, a non-GAAP financial measure used for the purpose of the Management Bonus Program in effect for 2025, which is our Company-Selected Measure.</span> Adjusted EBITDA <div style="margin-bottom:20pt;text-align:center"><img alt="8246337246494" id="i-32" src="pacs-20260428_g17.jpg" style="height:355px;margin-bottom:5pt;vertical-align:text-bottom;width:672px"/></div> <div style="margin-bottom:20pt;text-align:center"><img alt="8246337246512" id="i-33" src="pacs-20260428_g18.jpg" style="height:355px;margin-bottom:5pt;vertical-align:text-bottom;width:672px"/></div> <div style="margin-bottom:20pt;text-align:center"><img alt="8246337246512" id="i-33" src="pacs-20260428_g18.jpg" style="height:355px;margin-bottom:5pt;vertical-align:text-bottom;width:672px"/></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:140%">We believe the following performance measures represent the most important financial performance measures used by us to link compensation actually paid to our NEOs for 2025.</span></div><div style="text-align:center"><span style="color:#ff0090;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">.</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:59.523%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Adjusted EBITDA</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net Operating Income</span></td></tr><tr><td colspan="3" style="background-color:#f1f1fb;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Financial Guidance Metrics (Annual Revenue and Adjusted EBITDA)</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #6f6fd9;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:120%">CMS Quality Measures Star rating</span></td></tr></table></div> Adjusted EBITDA Net Operating Income Financial Guidance Metrics (Annual Revenue and Adjusted EBITDA) CMS Quality Measures Star rating <div style="margin-bottom:4.5pt;margin-top:15pt"><span style="color:#6f6fd9;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:700;line-height:140%">CLAWBACK POLICY RECOVERY ANALYSIS </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'TT Commons Pro DemiBold',sans-serif;font-size:9pt;font-weight:700;line-height:140%">Incentive-Based Compensation. </span><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:140%">The only incentive-based compensation received by our executive officers (“Covered Officers”) that required a recovery analysis under the Clawback Policy in connection with the Restatement is the portion of the cash incentive bonuses paid to our Covered Officers under the Management Bonus Program in effect for 2024 with respect to the second quarter of fiscal 2024. Although the Restatement impacted our consolidated financial statements for the first quarter of fiscal 2024, those cash incentive bonuses were received by our Covered Officers prior to the Clawback Policy Effective Date and therefore were not subject to the Clawback Policy. Additionally, the Restatement did not impact our consolidated financial statements for the third and fourth quarters of fiscal 2024; as such, the cash incentive bonuses paid to our Covered Officers with respect to those quarters were not subject to the Clawback Policy. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'TT Commons Pro DemiBold',sans-serif;font-size:9pt;font-weight:700;line-height:140%">Application of the Clawback Policy.</span><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:140%"> The Management Bonus Program in effect for 2024 established an aggregate bonus pool equal to 8% of Company’s Adjusted EBITDA for each quarter of fiscal 2024 commencing April 1, 2024. Each Covered Officer’s target bonus opportunity was equal to a specified percentage of the bonus pool. Bonuses were earned quarterly, and could be increased by an aggregate of 10% of the Covered Officer’s target bonus opportunity based on the achievement of certain financial guidance metrics related to annual revenue and Adjusted EBITDA, and could be further increased by an aggregate of 10% of the Covered Officer’s target bonus opportunity based on the achievement of certain quality metrics. Prior to the Restatement, the Company’s Adjusted EBITDA for the second quarter of fiscal 2024 was $99,737,000. In connection with preparing the 2024 Annual Report, the Audit Committee determined that Adjusted EBITDA for the second quarter of fiscal 2024 was overstated by $37,411,000 when taking into account the Restatement, thus reducing Adjusted EBITDA for the second quarter of fiscal 2024 to $62,326,000. This adjustment reduced the aggregate bonus pool under the Management Bonus Program in effect for 2024 for the second quarter of fiscal 2024 from $7,978,960 to $4,986,080, which reduced the bonuses earned by the Covered Officers for the second quarter of fiscal 2024 by an aggregate of $3,844,660. This amount reflects (i) a decrease based on the revised Adjusted EBITDA for the second quarter as a result of the Restatement and (ii) the loss of the upward adjustment in connection with the achievement of </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'TT Commons Pro',sans-serif;font-size:9pt;font-weight:400;line-height:140%">financial guidance metrics (which were ultimately not achieved as a result of the Restatement). Since the additional 10% upward adjustment to the bonuses that was based on the achievement of quality metrics was not impacted by the Restatement, that upward adjustment remained 10%, but was applied to the reduced target bonus opportunity. </span></div><span style="color:#000000;font-family:'TT Commons Pro DemiBold',sans-serif;font-size:9pt;font-weight:700;line-height:140%">Payment and Recovery. </span>As noted, the aggregate dollar amount of erroneously awarded compensation attributable to the Covered Officers as a result of the Restatement was $3,844,660. This amount was paid to the Covered Officers in cash on August 7, 2024. The amount of erroneously awarded compensation was calculated on November 17, 2025. As of the date of this proxy statement, the Company has recouped from each executive officer (via deduction from bonus compensation otherwise payable to them) the full amount of the erroneously awarded compensation paid to each of them under the Management Bonus Program in effect for 2024. There is no amount of erroneously awarded compensation that has not yet been determined, recovered, or, as of the end of the last completed fiscal year, had been outstanding for 180 days or longer since the date the Compensation Committee determined the amount owed by each Covered Officer. 3844660 2025-11-17 0