Orion Group Holdings Inc
For the period ended Apr 1, 2025. Filed Apr 1, 2025.
View on SEC.govAbout this filing
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.
Apr 1, 2025 · Filed Apr 1, 2025
Contents
WHAT GUIDES OUR PROGRAM
The incease in the total compensation paid to our Chief Executive Officer in 2024 as compared to 2023 reflects the fact that he was not eligible to receive restricted shares in 2023 as he had received restricted shares as part of his hiring package in 2022.
WHAT GUIDES OUR PROGRAM
We are one of the leaders in the specialty construction industry largely because of our highly experienced and talented people. To ensure that we are positioned for continued success in the future, we must attract, retain, and engage the talent necessary to grow, to ensure the quality and sustainability of that growth, and to produce positive long-term returns for our stockholders.
We have designed our executive compensation program to provide an externally competitive and internally equitable total rewards package that reflects individual and Company performance, job complexity, and strategic value of the position while ensuring long-term retention and motivation. To further our mission of producing superior financial returns for our stockholders, we have designed our program with the following objectives:
| Objectives | Our Approach |
|---|---|
| Pay for Performance | Provide the majority of NEO pay in the form of short-term cash incentives and long-term equity incentives whose realized value is primarily dependent upon our financial performance |
| Stockholder Alignment | Encourage and facilitate meaningful long-term share ownership by our NEOs through annual long-term incentive (“LTI”) awards and robust share ownership guidelines supplemented by anti-hedging, anti-pledging and clawback policies |
| Attract and retain highly qualified talent | Target NEO compensation opportunities to be competitive for similarly situated executives in our peer group Provide a significant portion of NEO compensation in the form of LTI awards that vest or are earned over multiple years |
****** 2025 Proxy Statement****│** 37
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