AECOM
For the period ended Feb 28, 2025. Filed Jan 17, 2025.
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Feb 28, 2025 · Filed Jan 17, 2025
Contents
Pay Versus Performance
The following table sets forth information concerning the compensation actually paid to our CEO and to our other NEOs
compared to Company performance for the years ended September 30,2024,2023, 2022, and 2021. The Compensation
Committee did not consider the pay versus performance data presented below in making its pay decisions for any of the
years shown.
| Year · Summary Compensation Table Total for CEO($)(1)(2) · CAP to CEO($)(3) · Average Summary Compensation Table Total Pay for other NEOs($)(1)(2) · Average CAP to other NEOs($)(3) · Value of Initial Fixed $100Investment Based On: · Net Income($)(6) · Adj.EPS($)(7) · Indexed Adj. EPS Growth(%)(8) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| AECOM TSR($)(4) · 2024 Peer Group TSR($)(4) · 2023 Peer Group TSR($)(5) | ||||||||||
| 2024 | 14,440,729 | 28,161,959 | 4,589,232 | 7,745,663 | 253 | 165 | 178 | 460,255 | 4.52 | 216 |
| 2023 | 11,459,952 | 19,077,083 | 3,127,376 | 4,442,441 | 201 | 132 | 141 | 100,141 | 3.71 | 178 |
| 2022 | 9,502,192 | 14,790,471 | 2,901,249 | 3,716,795 | 164 | 114 | 122 | 334,702 | 3.40 | 163 |
| 2021 | 6,524,680 | 20,557,469 | 2,498,721 | 4,486,501 | 151 | 135 | 144 | 202,980 | 2.81 | 134 |
(1) For 2024, the CEO was Troy Rudd and other NEOs were Gaurav Kapoor, Lara Poloni, and David Gan. For 2023,2022, and 2021 the
CEO was Troy Rudd and the other NEOs were Gaurav Kapoor, Lara Poloni, David Gan, and Todd Battley.
(2) The values reflected in this column reflect the “Total Compensation” set forth in the Summary Compensation Table (“SCT”) disclosed for
each respective fiscal year. See the footnotes to the SCT for further detail regarding the amounts in this column.
(3)“Total Compensation Actually Paid” (“CAP”) to our CEO and “Average Total CAP” to our other NEOs was computed as follows:
| CEO · Average Non-CEO NEOs | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2024($) | 2023($) | 2022($) | 2021($) | 2024($) | 2023($) | 2022($) | 2021($) | |
| SCT Total | 14,440,729 | 11,459,952 | 9,502,192 | 6,524,680 | 4,589,232 | 3,127,376 | 2,901,249 | 2,498,721 |
| Minus SCT Stock Awards | (10,287,483) | (8,306,165) | (6,278,345) | (3,125,010) | (2,671,207) | (1,685,576) | (1,521,331) | (1,050,734) |
| Plus Year-End Fair Value of Unvested Equity Awards Granted in Year | 14,462,457 | 7,435,208 | 5,705,027 | 4,233,148 | 3,755,263 | 1,508,831 | 1,382,408 | 1,412,978 |
| Plus Change in Value of Unvested Equity Awards Granted in Prior Years | 7,836,876 | 5,224,777 | 3,762,823 | 11,720,698 | 1,708,884 | 1,043,713 | 688,460 | 1,572,809 |
| Plus Change in Value of Vested Equity Awards Granted in Prior Years | 1,543,586 | 3,149,553 | 1,954,757 | 1,203,953 | 332,817 | 414,680 | 231,571 | 52,727 |
| Plus Change in Value of Dividend Equivalent Units Accumulated on Unvested Equity Awards | 165,794 | 113,758 | 144,017 | 0 | 30,674 | 33,417 | 34,438 | 0 |
| Total CAP | 28,161,959 | 19,077,083 | 14,790,471 | 20,557,469 | 7,745,663 | 4,442,441 | 3,716,795 | 4,486,501 |
(4) Reflects the cumulative total stockholder return of the Company and the 2024 peer group, represented by the S&P MidCap 400 -
Commercial & Professional Services index, respectively, for the year ended September 30, 2021, the two-years ended September 30,
2022, the three-years ended September 30, 2023, and the four-years ended September 30, 2024, assuming a $100 investment at the
closing price on September 30, 2020 and the reinvestment of all dividends. During fiscal 2024, we determined that the S&P MidCap
400 Commercial & Professional Services index is a more appropriate comparison than the prior S&P MidCap 400 index due to the
composition of the included companies given their size, comparable services and lines of business, and reflects our transformation into
a professional services firm.
(5) Reflects the cumulative total stockholder return of the Company and the 2023 peer group, represented by the S&P MidCap 400 index,
respectively, for the year ended September 30, 2021, the two-years ended September 30, 2022, the three-years ended September 30,
2023, and the four-years ended September 30, 2024, assuming a $100 investment at the closing price on September 30, 2020 and the
reinvestment of all dividends.
(6) Amounts in thousands.
(7) See Annex A to this Proxy Statement for our definition of Adjusted EPS and a reconciliation of this non-GAAP financial measure.
| AECOM | 65 | 2025 PROXY STATEMENT |
|---|
(8) Represents the adjusted EPS growth for each respective fiscal year compared to fiscal 2020 indexed to 100. The information provided
is supplemental to the information required under Item 402(v) and is included to demonstrate earnings growth consistent with the
Company’s strategy to maximize shareholder value. See Annex A for a reconciliation of non-GAAP measures.
The following is provided to describe the relationship between CAP and Net Income and Adjusted EPS as well as the
relationship between the Company’s TSR and the TSR for the 2023 peer group and 2024 peer group, in each case over the
years covered in the table above. All values other than EPS and TSR are in thousands.
| AECOM | 66 | 2025 PROXY STATEMENT |
|---|
Strong Relationship Between CAP and Certain Performance Measures
The Company’s CAP is well aligned with performance on key financial measures, including strong TSR that
outperformed market indices and a 21% Adjusted EPS compounded growth rate, which reflects the Company’s
focus on shareholder value creation. As evidenced by this strong performance, as compared to fiscal 2021, CEO
and non-CEO CAP increased by 37% and 73% respectively in fiscal 2024.
Additionally, performance on other key metrics that drive long-term value creation, including free cash flow,
adjusted EBITDA and segment adjusted operating margin, also increased meaningfully over this period.
GAAP Net Income is influenced by a number of factors and can include items that are one-time in nature and is not
exclusively used by investors to determine the long-term earnings power of the Company. As such, trends can vary
meaningfully between CAP and GAAP Net Income.
| AECOM | 67 | 2025 PROXY STATEMENT |
|---|
FY'21 - FY'24 Total Stockholder Return
In the Company’s assessment, the following represents the most important financial performance measures used by the
Company to link compensation actually paid to the Company’s NEOs for the most recently completed fiscal year to
Company performance:
Significant Financial Performance Measures
Adjusted EPS
Adjusted EBITDA
Free Cash Flow
NSR Segment Adjusted Operating Margin
Relative TSR
ROIC
The disclosure included in this “Pay Versus Performance” section is not incorporated by reference in Part III of the
Company’s Annual Report on Form 10-K for the year ended September 30,2024.
| AECOM | 68 | 2025 PROXY STATEMENT |
|---|
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.