ADT Inc
For the period ended May 22, 2024. Filed Apr 8, 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 22, 2024 · Filed Apr 8, 2024
Contents
Peer Group Development
The Compensation Committee, with the assistance of Pearl Meyer, has developed a peer group for use in making compensation decisions. While the Compensation Committee considers the executive compensation data at peer group companies, it is not the sole factor in the decision-making process. The Compensation Committee also considers general industry data from third-party providers in its review of compensation for our executive officers (including our NEOs). Neither the Compensation Committee nor management has any input into the companies included in these general industry surveys. The table below highlights how the companies included in the peer group were chosen, and how the compensation information related to these companies is used.
| How Peer Group Companies are Selected | How Peer Group Data is Utilized |
|---|---|
| • Similar or related industry sector • Generally focused on business models that generate subscription-based recurring revenue • Provide a technology-enabled service • Primarily business-to-consumer (B2C) focused, although companies that are business-to-business (B2B) focused are also considered • Generally between $2 billion and $10 billion in revenue | • As an input in determining base salaries, annual incentive targets and long-term incentive award targets • As an input in the design of compensation plans • To validate whether our executive compensation program is aligned with Company performance • To inform on market practice regarding the form and mix of equity awards granted to our employees |
The Compensation Committee assesses the peer group periodically to determine whether any significant changes to the business conditions of the Company or any of its peers would warrant any changes to the peer group. In October 2023, the Compensation Committee approved the 2024 peer group with no changes from the previous year. The peer group consists of technology focused companies with high prevalence across all key business model criteria.
| 2024 Peer Group | ||
| Akamai Technologies, Inc. | H&R Block, Inc. | Rollins, Inc. |
|---|---|---|
| The Brink’s Company | NCR Voiyx Corporation | Sirius XM Holdings Inc. |
| Cintas Corporation | NetApp, Inc. | Telephone and Data Systems, Inc |
| Equifax Inc. | Republic Services, Inc. | Trimble Inc. |
| Frontier Communications Parent | Rockwell Automation, Inc. | VMware, Inc. |
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