Climb Global Solutions, Inc.
For the period ended Jun 13, 2024. Filed Apr 29, 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.
Jun 13, 2024 · Filed Apr 29, 2024
Contents
Pay Versus Performance Table
| Year | Summary Compensation Table Total for Principal Executive Officer (“PEO”)(1) | Compensation Actually Paid to PEO(2) | Average Summary Compensation Table Total For Non-PEO NEOs(3) | Average Compensation Actually Paid To Non-PEO NEOs(4) | Value Of Initial Fixed $100 Investment Based On Total Shareholder Return(5) | Net Income (in thousands)(6) |
|---|---|---|---|---|---|---|
| 2023 | $3,223,774 | $1,706,585 | $684,612 | $812,018 | $302.65 | $12,323 |
| 2022 | $1,482,930 | $673,899 | $843,401 | $457,582 | $171.91 | $12,497 |
| 2021 | $1,031,203 | $1,222,437 | $822,226 | $653,774 | $187.33 | $9,198 |
(1) Our principal executive officer for each of the years shown was Mr. Foster, Chief Executive Officer. The dollar amounts set forth in this column (b) represent the amounts of total compensation reported for Mr. Foster in the “Total” column of Summary Compensation Table for each applicable year.
(2) The amounts set forth in this column (c) represent the amount of “compensation actually paid” to Mr. Foster, as computed in accordance with Item 402(v) of Regulation S-K. These amounts do not reflect the actual amount of compensation paid to or earned by Mr. Foster during fiscal years 2023, 2022 and 2021; rather, they reflect Mr. Foster’s total compensation, as reported in the “Total” column of the Summary Compensation Table for each applicable year, after the following adjustments:
| Adjustments to Determine Compensation “Actually Paid” to PEO | 2023 ($) | 2022 ($) | 2021($) | |||
|---|---|---|---|---|---|---|
| Deduction for amounts reported under the “Stock Awards” column in the Summary Compensation Table | (2,156,223) | (722,000) | (339,000) | |||
| Increase for fair value of awards granted during year that remain unvested as of year end | 227,053 | 12,076 | 178,414 | |||
| Increase for fair value of awards granted during year that vest during year | 12,728 | 4,454 | 20,058 | |||
| 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 | 224,426 | (55,264) | 258,848 | |||
| Increase/deduction for change in fair value from prior year-end to vesting date of awards granted prior to year that vested during year | 174,828 | (48,297) | 72,914 | |||
| Deduction of fair value of awards granted prior to that year that were forfeited during year | - | - | - | |||
| Total Adjustments: | (1,517,189) | (809,031) | 191,234 |
(3) The non-PEO NEOs for each of the years shown were Andrew Clark, Chief Financial Officer, Charles Bass, Chief Marketing Officer, and Vito Legrottaglie, Chief Information Officer. The amounts set forth in this column (d) represent the average of the amounts reported for our NEOs as a group (excluding Mr. Foster) in the “Total” column of Summary Compensation Table for each applicable year.
(4) The amounts set forth in this column (e) represent the amount of “compensation actually paid” to our non-PEO NEOs, as computed in accordance with Item 402(v) of Regulation S-K. These amounts do not reflect the actual amount of compensation paid to or earned by our non-PEO NEOs during fiscal years 2023, 2022 and 2021; rather, they reflect the average total compensation of our non-PEO NEOs, as reported in the “Total” column of the Summary Compensation Table for each applicable year, after the following adjustments:
| Adjustments to Determine Compensation “Actually Paid” to Non-PEO NEOs | 2023 ($) | 2022 ($) | 2021($) | |||
|---|---|---|---|---|---|---|
| Deduction for amounts reported under the “Stock Awards” column in the Summary Compensation Table | (137,989) | (340,000) | (362,850) | |||
| Increase for fair value of awards granted during year that remain unvested as of year end | 8,297 | 7,074 | 142,061 | |||
| Increase for fair value of awards granted during year that vest during year | 5,991 | 2,607 | 15,765 | |||
| 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 | 178,664 | (34,177) | 62,683 | |||
| Increase/deduction for change in fair value from prior year-end to vesting date of awards granted prior to year that vested during year | 72,442 | (21,323) | 34,203 | |||
| Deduction of fair value of awards granted prior to that year that were forfeited during that year | - | - | (60,313) | |||
| Total Adjustments: | 127,406 | (385,819) | (168,452) |
(5) TSR is cumulative for the measurement periods beginning on December 31, 2020 and ending on December 31 of each of 2023, 2022 and 2021, respectively, calculated in accordance with Item 201(e) of Regulation S-K.
(6) Reflects “Net Income” in our consolidated statements of income included in our Annual Reports on Form 10-K for each of the years ended December 31, 2023, 2022 and 2021.
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