Simulations Plus Inc
For the period ended Dec 23, 2024. Filed Dec 23, 2024.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Dec 23, 2024 · Filed Dec 23, 2024
Contents
Pay versus Performance
Compensation Actually Paid
| Year(a) · SCT Total for CEO · Compensation Actually Paid to CEO (a) · Avg. Summary Compensation Table Total for Non-CEO NEOs · Avg. Compensation Actually Paid to Non-CEO NEOs (b) · Value of Initial Fixed $100 Investment Based On: · Net Income · Revenue | ||||||||
|---|---|---|---|---|---|---|---|---|
| Company TSR (c) · Peer Group TSR (SP600-351030) (d) | ||||||||
| 2024 | 1,657,620 | 1,386,522 | 815,443 | 689,116 | 62 | 53 | 9,954,000 | 70,013,000 |
| 2023 | 1,942,005 | 1,477,766 | 745,283 | 488,551 | 76 | 110 | 9,961,000 | 59,577,000 |
| 2022 | 1,342,852 | 2,225,216 | 464,456 | 826,568 | 102 | 117 | 12,483,000 | 53,906,000 |
| 2021 | 1,072,271 | 693,668 | 554,394 | 394,518 | 75 | 155 | 9,782,000 | 46,466,000 |
(a)The Company’s CEO, and only principal executive officer, for each of fiscal 2024, 2023, 2022, and 2021 was Shawn O’Connor.
(b)The Company’s non-CEO NEOs for fiscal 2024 were Will Frederick, Daniel Szot, John DiBella, Steven Chang, and Dr. Brett Howell. The Company’s non-CEO NEOs for each of fiscal 2023, 2022, and 2021 were Will Frederick, John DiBella, Jill Fiedler-Kelly, and Dr. Brett Howell.
(c)Company is providing this disclosure pursuant to 17 CFR 229.402(v) for the last four fiscal years, instead of five years, and will provide disclosure for an additional year in the next subsequent annual filing in which this disclosure is required.
(d)Company total shareholder return (“TSR”) reflects TSR for Simulations Plus, Inc. (ticker: SLP). Peer Group TSR is calculated based on the S&P 600 Health Care Technology Industry Index (“SP600-351030”), which is used for purposes of Item 201(e)(1)(ii) of Regulation S-K under the Exchange Act.
To calculate Compensation Actually Paid (“CAP”), the following amounts were deducted from and added to the total compensation included in the SCT, above, as required by 17 CFR 229.402(v)(3).
The following footnotes (a) and (b) related to each of the following tables for each of the 2024, 2023, 2022, and 2021 fiscal years, respectively:
(a)Represents the grant-date fair value of option awards granted each year.
(b)Reflects the value of equity calculated in accordance with the SEC methodology for determining Compensation Actually Paid for each year shown. For all option awards, our methodology for calculating the value of options remained consistent between the grant-date fair-value measurement reflected in row one of the above table and the point-in-time fair-value measurements reflected in the adjustment rows that follow. In all cases, we use the closing price of our common stock on the Nasdaq Global Select Market on the applicable date as a basis for fair value.
| CEO ($) | Average for Non-CEO Named Executive Officers ($) | |
|---|---|---|
| SCT Total | 1,657,620 | 815,443 |
| Adjustments | ||
| Deduction for Amounts Reported Under the “Option Awards” Column in the SCT (a) | (990,000) | (391,680) |
| Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year End (b) | 1,031,895 | 412,960 |
| Increase for Fair Value of Awards Granted during year that Vest during year (b) | — | — |
| Increase/deduction for Change in Fair Value from Prior Year-end to Current Year-end of Awards Granted Prior to year that were Outstanding and Unvested as of Year-end (b) | (228,235) | (116,472) |
| Increase/deduction for Change in Fair Value from Prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year (b) | (84,758) | (31,135) |
| Compensation Actually Paid | 1,386,522 | 689,116 |
| CEO ($) | Average for Non-CEO Named Executive Officers ($) | |
|---|---|---|
| SCT Total | 1,942,005 | 745,283 |
| Adjustments | ||
| Deduction for Amounts Reported Under the “Option Awards” Column in the SCT (a) | (1,094,440) | (355,693) |
| Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year End (b) | 1,218,665 | 396,066 |
| Increase for Fair Value of Awards Granted during year that Vest during year (b) | — | — |
| Increase/deduction for Change in Fair Value from Prior Year-end to Current Year-end of Awards Granted Prior to year that were Outstanding and Unvested as of Year-end (b) | (354,302) | (181,484) |
| Increase/deduction for Change in Fair Value from Prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year (b) | (234,161) | (115,621) |
| Compensation Actually Paid | 1,477,766 | 488,551 |
| CEO ($) | Average for Non-CEO Named Executive Officers ($) | |
|---|---|---|
| SCT Total | 1,342,852 | 464,456 |
| Adjustments | ||
| Deduction for Amounts Reported Under the “Option Awards” Column in the SCT (a) | (600,228) | (99,827) |
| Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year End (b) | 1,143,613 | 248,736 |
| Increase for Fair Value of Awards Granted during year that Vest during year (b) | — | — |
| Increase/deduction for Change in Fair Value from Prior Year-end to Current Year-end of Awards Granted Prior to year that were Outstanding and Unvested as of Year-end (b) | 303,112 | 105,661 |
| Increase/deduction for Change in Fair Value from Prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year (b) | 35,867 | 107,541 |
| Compensation Actually Paid | 2,225,216 | 826,568 |
| CEO ($) | Average for Non-CEO Named Executive Officers ($) | |
|---|---|---|
| SCT Total | 1,072,271 | 554,394 |
| Adjustments | ||
| Deduction for Amounts Reported Under the “Option Awards” Column in the SCT (a) | (528,040) | (274,445) |
| Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year End (b) | 418,298 | 211,842 |
| Increase for Fair Value of Awards Granted during year that Vest during year (b) | — | — |
| Increase/deduction for Change in Fair Value from Prior Year-end to Current Year-end of Awards Granted Prior to year that were Outstanding and Unvested as of Year-end (b) | (292,933) | (142,679) |
| Increase/deduction for Change in Fair Value from Prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year (b) | 24,072 | 45,406 |
| Compensation Actually Paid | 693,668 | 394,518 |
Relationship Between Compensation Actually Paid and TSR:
CEO and Non-CEO NEOs CAP in millions; Company TSR and Peer TSR in US dollars per share on return on $100 investment.
Relationship Between Compensation Actually Paid and Net Income:
CEO and non-CEO NEOs CAP in millions; Net Income in millions.
Relationship Between Compensation Actually Paid and Revenue:
CEO and non-CEO NEOs CAP in millions; Revenue in millions.
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