v3.26.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table

Pay Versus Performance Table

 

 

 

 

Summary
Compensation

 

Compensation

 

Average
Summary
Compensation
Table Total

 

Average
Compensation
Actually Paid

 

Value of Initial Fixed $100
Investment based on:

 

 

 

Year

 

Table Total
for CEO(1)
($)

 

Actually Paid
to CEO(2)
($)

 

for Non-CEO
NEOs(3) 
($)

 

to Non-CEO
NEOs(4) 
($)

 

Company
TSR(5) 
($)

 

Peer Group
TSR(5) 
($)

 

GAAP
Net (Loss)
Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

 

$

17,601,042

 

 

 

 

$

(22,508,958

)

 

 

 

$

5,777,143

 

 

 

 

$

6,305,240

 

 

 

 

$

37.67

 

 

 

 

$

263.67

 

 

 

$

(104,026,000

)

2024

 

 

$

4,975,418

 

 

 

 

$

(17,284,582

)

 

 

 

$

4,009,151

 

 

 

 

$

1,948,047

 

 

 

 

$

34.24

 

 

 

 

$

206.81

 

 

 

$

(539,897,000

)

2023

 

 

$

5,040,756

 

 

 

 

$

16,132,356

 

 

 

 

$

5,008,736

 

 

 

 

$

6,606,274

 

 

 

 

$

41.58

 

 

 

 

$

149.68

 

 

 

$

265,942,000

 

2022

 

 

$

4,477,703

 

 

 

 

$

(156,075,397

)

 

 

 

$

7,730,392

 

 

 

 

$

(9,642,661

)

 

 

 

$

35.24

 

 

 

 

$

89.69

 

 

 

$

(1,170,170,000

)

2021

 

 

$

5,365,063

 

 

 

 

$

(93,995,837

)

 

 

 

$

2,798,740

 

 

 

 

$

(5,183,712

)

 

 

 

$

103.76

 

 

 

 

$

137.17

 

 

 

$

597,547,000

 

 

(1)
Represents the amount of total compensation reported for Mr. Levin for each fiscal year in the Total column of the Summary Compensation Table. Mr. Levin served as CEO from June 2015 through March 31, 2025.
(2)
In accordance with Item 402(v), the following adjustments were made to the amounts reported for Mr. Levin for each applicable fiscal year in the Total column of the Summary Compensation Table to arrive at CAP:

 

Year

 

Summary
Compensation
Table Total for
CEO
($)

 

Minus
Reported
Value of Equity
Awards for
CEO
($)

 

(Minus) Plus
Equity
Award
Adjustments
for CEO
($)(x)

 

Compensation
Actually Paid
to CEO
($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

 

$

17,601,042

 

 

 

 

 

—

 

 

 

 

$

(40,110,000

)

 

 

 

$

(22,508,958

)

 

2024

 

 

$

4,975,418

 

 

 

 

 

—

 

 

 

 

$

(22,260,000

)

 

 

 

$

(17,284,582

)

 

2023

 

 

$

5,040,756

 

 

 

 

 

—

 

 

 

 

$

11,091,600

 

 

 

 

$

16,132,356

 

 

2022

 

 

$

4,477,703

 

 

 

 

 

—

 

 

 

 

$

(160,553,100

)

 

 

 

$

(156,075,397

)

 

2021

 

 

$

5,365,063

 

 

 

 

 

—

 

 

 

 

$

(99,360,900

)

 

 

 

$

(93,995,837

)

 

 

(x)
Represents adjustments to Mr. Levin’s IAC equity awards shown in the table above in accordance with Item 402(v), which were as follows:

 

Year

 

Average
Year End
Fair Value
of Equity
Awards
Granted
in the
Covered
Year
($)

 

Change in
Fair Value
from Prior
Year End
to Covered
Year End
of Prior Years’
Awards
Unvested
at the End of
Covered Year
($)

 

Average Fair
Value as
of Vesting
Date of
Equity Awards
Granted and
Vested in Year
($)

 

Change in
Fair Value
from Prior
Year End
to Vesting
Date of
Prior Years’
Awards that
Vested in
Covered Year
($)

 

Average
Fair Value
at the
End of the
Prior Year
of Equity
Awards that
Failed to
Meet Vesting
Conditions in
the Covered
Year
($)

 

Total
Average
Equity
Award
Adjustments
($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

 

 

—

 

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

$

(40,110,000

)

 

 

 

$

(40,110,000

)

 

2024

 

 

 

—

 

 

 

 

$

(22,260,000

)

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

$

(22,260,000

)

 

2023

 

 

 

—

 

 

 

 

$

11,091,600

 

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

$

11,091,600

 

 

2022

 

 

 

—

 

 

 

 

$

(160,553,100

)

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

$

(160,553,100

)

 

2021

 

 

 

—

 

 

 

 

$

(99,360,900

)

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

$

(99,360,900

)

 

 

(3)
Represents the average of total compensation reported for our non-CEO NEOs as a group for each fiscal year in the Total column of the Summary Compensation Table (and, in the case of former non-CEO NEOs, in the Total column of the Summary Compensation Table in prior years’ proxy statements). The names of each non-CEO NEO included for purposes of calculating the average amounts of total compensation in each fiscal year are as follows: (i) for 2025 and 2024, Messrs. Diller, Halpin and Kaufman and Ms. Handler, (ii) for 2023, Messrs. Diller and Halpin. Ms. Handler and our former Executive Vice President and Chief Strategy Officer, Mark Stein, (iii) for 2022, Messrs. Diller, Halpin and Stein and Ms. Handler, and (iv) for 2021, Messrs. Diller and Stein, Ms. Handler and our former Executive Vice President and Chief Financial Officer, Glenn H. Schiffman.
(4)
The dollar amounts reported in the Average Compensation Actually Paid to Non-CEO NEOs column in the table above represent the average amount of CAP to our non-CEO NEOs as a group, calculated in accordance with Item 402(v) for each fiscal year shown in the table above. In accordance with Item 402(v), the following adjustments were made to the average amount of total compensation reported for our non-CEO NEOs as a group for each fiscal year in the Total column of the Summary Compensation Table (and in the case of former non-CEO NEOs, in the Total column of the Summary Compensation Table in prior years’ proxy statements) to arrive at CAP:

 

Year

 

Average
Reported
Summary
Compensation
Table Total
for Non-CEO
NEOs
($)

 

(Minus) Plus
Average
Reported
Value of Equity
Awards
($)

 

Plus
(Minus)
Average
Equity
Award
Adjustments(y)
($)

 

Average
Compensation
Actually Paid
to Non-CEO
NEOs
($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

 

$

5,777,143

 

 

 

 

$

(3,187,487

)

 

 

 

$

3,715,584

 

 

 

 

$

6,305,240

 

 

2024

 

 

$

4,009,151

 

 

 

 

$

(1,499,992

)

 

 

 

$

(561,113

)

 

 

 

$

1,948,047

 

 

2023

 

 

$

5,008,736

 

 

 

 

$

2,624,988

 

 

 

 

$

4,222,526

 

 

 

 

$

6,606,274

 

 

2022

 

 

$

7,730,392

 

 

 

 

$

6,249,975

 

 

 

 

$

(11,123,079

)

 

 

 

$

(9,642,661

)

 

2021

 

 

$

2,798,740

 

 

 

 

$

562,484

 

 

 

 

$

(7,419,968

)

 

 

 

$

(5,183,712

)

 

 

(y)
Represents adjustments to the non-CEO NEOs’ IAC equity awards pursuant to Item 402(v), which were as follows:

 

Year

 

Average
Year End
Fair Value
of Equity
Awards Granted
in the Covered
Year
($)

Change in
Fair Value
from Prior
Year End
to Covered
Year End
of Prior Years’
Awards
Unvested
at the End of
Covered Year
($)

Average Fair
Value as
of Vesting
Date of
Equity Awards
Granted and
Vested in Year
($)

Change in
Fair Value
from Prior
Year End
to Vesting
Date of
Prior Years’
Awards that
Vested in
Covered Year
($)

Average
Fair Value
at the
End of the
Prior Year
of Equity
Awards that
Failed to
Meet Vesting
Conditions in
the Covered
Year
($)

Total
Average
Equity
Award
Adjustments
($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

 

$

3,577,865

 

 

 

$

391,889

 

 

 

 

—

 

 

 

$

(254,170

)

 

 

 

—

 

 

 

$

3,715,584

 

2024

 

 

$

1,240,361

 

 

 

$

(1,805,228

)

 

 

 

—

 

 

 

$

3,754

 

 

 

 

—

 

 

 

$

(561,113

)

2023

 

 

$

2,588,908

 

 

 

$

1,577,648

 

 

 

 

—

 

 

 

$

55,970

 

 

 

 

—

 

 

 

$

4,222,526

 

2022

 

 

$

2,157,174

 

 

 

$

(13,289,474

)

 

 

 

—

 

 

 

$

9,222

 

 

 

 

—

 

 

 

$

(11,123,079

)

2021

 

 

$

581,986

 

 

 

$

(8,019,698

)

 

 

 

—

 

 

 

$

17,744

 

 

 

 

—

 

 

 

$

(7,419,968

)

 

(5)
Total shareholder return (“TSR”) reflects the cumulative total return (assuming dividend reinvestment, as applicable) of IAC common stock and the Russell 1000 Technology Index (a peer issuer selected in accordance with SEC rules, the “Industry Index”), in each case, based on $100.00 invested at the close of trading on December 31, 2020 through the end of the applicable year. Historical stock performance is not necessarily indicative of future stock performance.
       
Named Executive Officers, Footnote
(1)
Represents the amount of total compensation reported for Mr. Levin for each fiscal year in the Total column of the Summary Compensation Table. Mr. Levin served as CEO from June 2015 through March 31, 2025.
(3)
Represents the average of total compensation reported for our non-CEO NEOs as a group for each fiscal year in the Total column of the Summary Compensation Table (and, in the case of former non-CEO NEOs, in the Total column of the Summary Compensation Table in prior years’ proxy statements). The names of each non-CEO NEO included for purposes of calculating the average amounts of total compensation in each fiscal year are as follows: (i) for 2025 and 2024, Messrs. Diller, Halpin and Kaufman and Ms. Handler, (ii) for 2023, Messrs. Diller and Halpin. Ms. Handler and our former Executive Vice President and Chief Strategy Officer, Mark Stein, (iii) for 2022, Messrs. Diller, Halpin and Stein and Ms. Handler, and (iv) for 2021, Messrs. Diller and Stein, Ms. Handler and our former Executive Vice President and Chief Financial Officer, Glenn H. Schiffman.
       
Peer Group Issuers, Footnote
(5)
Total shareholder return (“TSR”) reflects the cumulative total return (assuming dividend reinvestment, as applicable) of IAC common stock and the Russell 1000 Technology Index (a peer issuer selected in accordance with SEC rules, the “Industry Index”), in each case, based on $100.00 invested at the close of trading on December 31, 2020 through the end of the applicable year. Historical stock performance is not necessarily indicative of future stock performance.
       
PEO Total Compensation Amount $ 17,601,042 $ 4,975,418 $ 5,040,756 $ 4,477,703 $ 5,365,063
PEO Actually Paid Compensation Amount $ (22,508,958) (17,284,582) 16,132,356 (156,075,397) (93,995,837)
Adjustment To PEO Compensation, Footnote
(2)
In accordance with Item 402(v), the following adjustments were made to the amounts reported for Mr. Levin for each applicable fiscal year in the Total column of the Summary Compensation Table to arrive at CAP:

 

Year

 

Summary
Compensation
Table Total for
CEO
($)

 

Minus
Reported
Value of Equity
Awards for
CEO
($)

 

(Minus) Plus
Equity
Award
Adjustments
for CEO
($)(x)

 

Compensation
Actually Paid
to CEO
($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

 

$

17,601,042

 

 

 

 

 

—

 

 

 

 

$

(40,110,000

)

 

 

 

$

(22,508,958

)

 

2024

 

 

$

4,975,418

 

 

 

 

 

—

 

 

 

 

$

(22,260,000

)

 

 

 

$

(17,284,582

)

 

2023

 

 

$

5,040,756

 

 

 

 

 

—

 

 

 

 

$

11,091,600

 

 

 

 

$

16,132,356

 

 

2022

 

 

$

4,477,703

 

 

 

 

 

—

 

 

 

 

$

(160,553,100

)

 

 

 

$

(156,075,397

)

 

2021

 

 

$

5,365,063

 

 

 

 

 

—

 

 

 

 

$

(99,360,900

)

 

 

 

$

(93,995,837

)

 

 

(x)
Represents adjustments to Mr. Levin’s IAC equity awards shown in the table above in accordance with Item 402(v), which were as follows:

 

Year

 

Average
Year End
Fair Value
of Equity
Awards
Granted
in the
Covered
Year
($)

 

Change in
Fair Value
from Prior
Year End
to Covered
Year End
of Prior Years’
Awards
Unvested
at the End of
Covered Year
($)

 

Average Fair
Value as
of Vesting
Date of
Equity Awards
Granted and
Vested in Year
($)

 

Change in
Fair Value
from Prior
Year End
to Vesting
Date of
Prior Years’
Awards that
Vested in
Covered Year
($)

 

Average
Fair Value
at the
End of the
Prior Year
of Equity
Awards that
Failed to
Meet Vesting
Conditions in
the Covered
Year
($)

 

Total
Average
Equity
Award
Adjustments
($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

 

 

—

 

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

$

(40,110,000

)

 

 

 

$

(40,110,000

)

 

2024

 

 

 

—

 

 

 

 

$

(22,260,000

)

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

$

(22,260,000

)

 

2023

 

 

 

—

 

 

 

 

$

11,091,600

 

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

$

11,091,600

 

 

2022

 

 

 

—

 

 

 

 

$

(160,553,100

)

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

$

(160,553,100

)

 

2021

 

 

 

—

 

 

 

 

$

(99,360,900

)

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

$

(99,360,900

)

 
       
Non-PEO NEO Average Total Compensation Amount $ 5,777,143 4,009,151 5,008,736 7,730,392 2,798,740
Non-PEO NEO Average Compensation Actually Paid Amount $ 6,305,240 1,948,047 6,606,274 (9,642,661) (5,183,712)
Adjustment to Non-PEO NEO Compensation Footnote
(4)
The dollar amounts reported in the Average Compensation Actually Paid to Non-CEO NEOs column in the table above represent the average amount of CAP to our non-CEO NEOs as a group, calculated in accordance with Item 402(v) for each fiscal year shown in the table above. In accordance with Item 402(v), the following adjustments were made to the average amount of total compensation reported for our non-CEO NEOs as a group for each fiscal year in the Total column of the Summary Compensation Table (and in the case of former non-CEO NEOs, in the Total column of the Summary Compensation Table in prior years’ proxy statements) to arrive at CAP:

 

Year

 

Average
Reported
Summary
Compensation
Table Total
for Non-CEO
NEOs
($)

 

(Minus) Plus
Average
Reported
Value of Equity
Awards
($)

 

Plus
(Minus)
Average
Equity
Award
Adjustments(y)
($)

 

Average
Compensation
Actually Paid
to Non-CEO
NEOs
($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

 

$

5,777,143

 

 

 

 

$

(3,187,487

)

 

 

 

$

3,715,584

 

 

 

 

$

6,305,240

 

 

2024

 

 

$

4,009,151

 

 

 

 

$

(1,499,992

)

 

 

 

$

(561,113

)

 

 

 

$

1,948,047

 

 

2023

 

 

$

5,008,736

 

 

 

 

$

2,624,988

 

 

 

 

$

4,222,526

 

 

 

 

$

6,606,274

 

 

2022

 

 

$

7,730,392

 

 

 

 

$

6,249,975

 

 

 

 

$

(11,123,079

)

 

 

 

$

(9,642,661

)

 

2021

 

 

$

2,798,740

 

 

 

 

$

562,484

 

 

 

 

$

(7,419,968

)

 

 

 

$

(5,183,712

)

 

 

(y)
Represents adjustments to the non-CEO NEOs’ IAC equity awards pursuant to Item 402(v), which were as follows:

 

Year

 

Average
Year End
Fair Value
of Equity
Awards Granted
in the Covered
Year
($)

Change in
Fair Value
from Prior
Year End
to Covered
Year End
of Prior Years’
Awards
Unvested
at the End of
Covered Year
($)

Average Fair
Value as
of Vesting
Date of
Equity Awards
Granted and
Vested in Year
($)

Change in
Fair Value
from Prior
Year End
to Vesting
Date of
Prior Years’
Awards that
Vested in
Covered Year
($)

Average
Fair Value
at the
End of the
Prior Year
of Equity
Awards that
Failed to
Meet Vesting
Conditions in
the Covered
Year
($)

Total
Average
Equity
Award
Adjustments
($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

 

$

3,577,865

 

 

 

$

391,889

 

 

 

 

—

 

 

 

$

(254,170

)

 

 

 

—

 

 

 

$

3,715,584

 

2024

 

 

$

1,240,361

 

 

 

$

(1,805,228

)

 

 

 

—

 

 

 

$

3,754

 

 

 

 

—

 

 

 

$

(561,113

)

2023

 

 

$

2,588,908

 

 

 

$

1,577,648

 

 

 

 

—

 

 

 

$

55,970

 

 

 

 

—

 

 

 

$

4,222,526

 

2022

 

 

$

2,157,174

 

 

 

$

(13,289,474

)

 

 

 

—

 

 

 

$

9,222

 

 

 

 

—

 

 

 

$

(11,123,079

)

2021

 

 

$

581,986

 

 

 

$

(8,019,698

)

 

 

 

—

 

 

 

$

17,744

 

 

 

 

—

 

 

 

$

(7,419,968

)
       
Compensation Actually Paid vs. Total Shareholder Return

 

img110770238_27.gif

        
Compensation Actually Paid vs. Net Income

img110770238_29.gif

        
Total Shareholder Return Vs Peer Group

img110770238_28.gif

        
Tabular List, Table

Financial Performance Measures

 

All NEOs are generally eligible for annual cash bonuses and long-term incentives on a discretionary basis. For the fiscal years covered in the tables above, IAC’s executive compensation program did not link compensation to be paid to our NEOs to the achievement of one or more specified financial performance measures, nor did it rely on other formulaic or other arithmetic approaches to determine such compensation. See Compensation Discussion and Analysis for more information on annual cash bonuses paid for 2025 performance and equity awards granted to our NEOs in 2025.

       
Total Shareholder Return Amount $ 37.67 34.24 41.58 35.24 103.76
Peer Group Total Shareholder Return Amount 263.67 206.81 149.68 89.69 137.17
Net Income (Loss) $ (104,026,000) (539,897,000) 265,942,000 (1,170,170,000) 597,547,000
PEO Name Mr. Levin        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (40,110,000) (22,260,000) 11,091,600 (160,553,100) (99,360,900)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount
PEO | 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 (22,260,000) 11,091,600 (160,553,100) (99,360,900)
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount
PEO | 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 (40,110,000)
PEO | 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
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 (3,187,487) (1,499,992) (2,624,988) (6,249,975) (562,484)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,715,584 (561,113) 4,222,526 (11,123,079) (7,419,968)
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 3,577,865 1,240,361 2,588,908 2,157,174 581,986
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 391,889 (1,805,228) 1,577,648 (13,289,474) (8,019,698)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount
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 (254,170) 3,754 55,970 9,222 17,744
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