Graham Holdings Co
For the period ended May 7, 2024. Filed Mar 26, 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.
May 7, 2024 · Filed Mar 26, 2024
Contents
Column (e)
Average “compensation actually paid” for the
non-CEO
NEOs in each of 2023, 2022, 2021 and 2020 reflects the respective amounts set forth in column (d) of the table above, adjusted as set forth in the table below, as determined in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts reflected in the table above do not reflect the actual amount of compensation earned or paid to the
non-CEO
NEOs during the applicable year. The adjustments in the table below were made to
non-CEO
NEOs total compensation for each year to determine the compensation actually paid:
| Non-CEO NEO Averages | ||||
|---|---|---|---|---|
| 2023 | 2022 | 2021 | 2020 | |
| Total Compensation as reported in Summary Compensation Table (SCT) | $2,684,386 | $2,997,459 | $2,438,194 | $2,815,080 |
| Less: Change in Pension Value and Non-Qualified Deferred Compensation Earnings reported in SCT | (383,147) | (5,709) | (53,904) | (1,063,996) |
| Plus: Pension value attributable to current year’s service cost and any change in pension value attributable to plan amendments made in the current year | 165,774 | 221,244 | 219,571 | 215,268 |
| Less: Fair value of Stock and Option Awards reported in SCT during fiscal year | (350,187) | (873,519) | (342,750) | (9,439) |
| Plus: Fair value of equity compensation granted in current year that are outstanding and unvested as of year-end | 401,083 | 928,991 | 392,407 | — |
| Plus: Fair value of equity compensation granted and vested in current year | — | — | — | 106,699 |
| Change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during current fiscal year | 1,210 | 688 | 2,363 | (4,947) |
| Change in fair value from end of prior fiscal year to end of current fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year | 390,704 | (14,836) | 56,732 | (107,031) |
| Fair value of awards forfeited in current fiscal year determined at end of prior fiscal year | — | — | — | (127,430) |
| Dividends or other earnings paid on stock or option awards in the current fiscal year prior to the vesting date that are not otherwise included in the total compensation for the current fiscal year | — | — | — | — |
| Average Compensation Actually Paid to Non-CEO NEOs | $2,909,823 | $3,254,318 | $2,712,613 | $1,824,204 |
Equity Valuations: Stock option grant date fair values are calculated based on the Black-Scholes option pricing model as of date of grant. Adjustments have been made using stock option fair values as of each measurement date using the stock price as of the measurement date and updated assumptions (i.e., term, volatility, dividend yield, risk free rates) as of the measurement date. Time-vested restricted stock award grant date fair values are calculated using the stock price as of date of grant. Adjustments to the restricted stock fair values have been made using the stock price as of year end and as of each date of vesting. The grant date fair value of Mr. Maas’ restricted stock unit award was estimated using a Monte Carlo simulation. An adjustment to Mr. Maas’ restricted stock unit award has been made using a Monte Carlo simulation as of year end 2023 and 2022 using the stock price as of the measurement date and updated assumptions (i.e., volatility, dividend yield, risk free rate) as of the measurement date.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.