Atlanticus Holdings Corp
For the period ended May 8, 2025. Filed Apr 14, 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 8, 2025 · Filed Apr 14, 2025
Contents
Pay Versus Performance
Overview
As required by Item 402(v) of Regulation S-K, we are providing the following information about the relationship between “compensation actually paid” to our principal executive officer (“PEO”) and the average of our other NEOs and certain of our financial performance measures. Compensation actually paid, as determined under SEC requirements, does not fully represent the actual final amount of compensation earned by, or paid to, our NEOs during the applicable years.
The Compensation Committee did not use the information displayed in the tables below, including the calculation of compensation actually paid, as a basis for making compensation decisions.
Pay Versus Performance Table
The table below sets forth additional compensation information for our NEOs, calculated in accordance with SEC regulations, for fiscal years 2024, 2023 and 2022:
| Year | Summary Compensation Table Total for PEO (a) | Compensation Actually Paid to PEO (b) | Average Summary Compensation Table total for Non-PEO NEOs (c) | Average Compensation Actually Paid to Non-PEO NEOs (d) | Atlanticus Total Shareholder Return (e) | Net Income ($thousands) (f) |
|---|---|---|---|---|---|---|
| 2024 | $1,812,375 | $2,904,947 | $1,871,831 | $2,236,120 | $78.21 | $110,106 |
| 2023 | $2,049,906 | $2,594,009 | $1,868,381 | $2,045,970 | $54.22 | $101,954 |
| 2022 | $2,189,624 | $398,008 | $2,144,495 | $2,018,996 | $36.74 | $134,612 |
Column (a). Reflects compensation amounts reported in the Summary Compensation Table. For 2024, 2023 and 2022, the PEO was Jeffrey A. Howard.
Column (b). Reflects the respective amounts set forth in column (a) of the table above, adjusted as set forth in the table below, as determined in accordance with SEC rules and computed in accordance with the methodology used for financial reporting purposes. The dollar amounts reflected in column (b) of the table above do not reflect the actual amount of compensation earned, realized, or received by the PEO during the applicable year, with a significant portion of the value subject to forfeiture in the event that the underlying vesting conditions with respect to the equity awards are not achieved.
| Year | Summary Compensation Table Total for PEO | Less: Summary Compensation Table Total Equity (Stock Awards + Option Awards) | Plus: Fair Value as of Fiscal Year-End of Stock and Option Awards Granted in Covered Year | Plus: Change in Fair Value of Outstanding Unvested Stock and Option Awards From Prior Years | Plus: Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year ($) | Less: Fair Value at Prior Fiscal Year-End of Stock and Option Awards Forfeited during the Covered Year ($) | Compensation Actually Paid to PEO |
|---|---|---|---|---|---|---|---|
| 2024 | $1,812,375 | $477,025 | $865,315 | $435,330 | $268,952 | — | $2,904,947 |
| 2023 | $2,049,906 | $715,006 | $1,102,443 | $157,783 | $(1,117) | — | $2,594,009 |
| 2022 | $2,189,624 | $860,049 | $494,368 | $(14,280) | $(1,411,655) | — | $398,008 |
Column (c). Reflects compensation amounts reported in the Summary Compensation Table. David G. Hanna and William R. McCamey are the non-PEO NEOs included in the average amounts shown.
Column (d). Reflects the respective amounts set forth in column (c) of the table above, adjusted as set forth in the table below, as determined in accordance with SEC rules and computed in accordance with the methodology used for financial reporting purposes. The dollar amounts reflected in column (d) of the table above do not reflect the actual amount of compensation earned, realized, or received by the non-PEO NEOs during the applicable year, with a significant portion of the value subject to forfeiture in the event that the underlying vesting conditions with respect to the equity awards are not achieved.
| Year | Summary Compensation Table Total for Non-PEO NEOs | Less: Summary Compensation Table Total Equity (Stock Awards + Option Awards) | Plus: Fair Value as of Fiscal Year-End of Stock and Option Awards Granted in Covered Year | Plus: Change in Fair Value of Outstanding Unvested Stock and Option Awards From Prior Years | Plus: Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year ($) | Less: Fair Value at Prior Fiscal Year-End of Stock and Option Awards Forfeited during the Covered Year ($) | Compensation Actually Paid to Non-PEO NEOs |
|---|---|---|---|---|---|---|---|
| 2024 | $1,871,831 | $166,512 | $302,049 | $143,741 | $85,011 | — | $2,236,120 |
| 2023 | $1,868,381 | $250,010 | $385,482 | $42,411 | $(294) | — | $2,045,970 |
| 2022 | $2,144,495 | $230,020 | $132,219 | $(14,280) | $(13,418) | — | $2,018,996 |
Column (e). For the relevant fiscal year, represents the cumulative total shareholder return (“TSR”) of Atlanticus through December 31 of the applicable fiscal year, assuming $100 was invested on December 31, 2021.
Column (f). Reflects Net Income in Atlanticus’ Consolidated Statements of Income included in the Company’s Annual Reports on Form 10-K for each of the years ended December 31, 2024, 2023 and 2022.
Relationship Between Compensation Actually Paid and Certain Financial Performance Measures
The following graphs illustrate the relationship between compensation actually paid to our PEO and other NEOs in 2024, 2023 and 2022 and certain financial performance measures.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.