SPS COMMERCE INC
For the period ended May 13, 2025. Filed Mar 28, 2025.
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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.
May 13, 2025 · Filed Mar 28, 2025
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Contents
Summary of Compensation Program Elements
Our compensation program for our executive officers uses the following compensation elements:
| Compensation Element | Purpose | What it Rewards |
|---|---|---|
| Base Salary | Attract, motivate, and retain top executive talent | Experience, skills, duties and responsibilities, and individual performance |
| Management Incentive Plan | Motivate our executives to achieve specific financial goals | Individual and company-wide performance |
| Equity Awards (RSUs and PSUs) | Aligns long-term objectives with those of stockholders; motivates long-term financial performance; and promotes retention | Long-term financial and stock-price performance |
The below graphs 1 illustrate the percentage of our NEOs’ average compensation 2 in 2024 that we consider at-risk compensation as well as the components of compensation and equity weighting of RSUs and PSUs:
1 The graphs above do not include compensation paid to Mr. Black due to his retirement from the Company as of May 16, 2024 and do not include Mr. Collins’ one-time PSU sign-on grant that was awarded in 2024 as described above in “Fiscal 2024 Highlights.” In addition, the “Avg. NEO Compensation: Annual Equity” graph does not include the RSUs granted on February 15, 2024 to Mr. Frome.
2 Equity components of compensation represent grant date fair value as determined in accordance with ASC Topic 718. For a discussion of the relevant assumptions used to determine the valuation for financial reporting purposes, refer to Note A and Note K to the Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024.
| 28 | Proxy Statement for the 2025 Annual Meeting of Stockholders |
EXECUTIVE COMPENSATION
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