Alight, Inc. / Delaware DEF 14A, filed Jun 4, 2024

About this DEF 14A

Alight, Inc. / Delaware (ALIT)

DEF 14A 2024-06-04 For: 2024-07-02

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Added on June 12, 2026

DATE AND TIME

PLACE – VIRTUALLY VIA WEBCAST

July 2, 2024

You can attend the Annual Meeting online, vote your shares

12:30 p.m. Central Time

electronically and submit your questions during the Annual

Meeting by visiting www.cesonlineservices.com/alit24_vm. To participate in the Annual Meeting, you must pre-register at www.cesonlineservices.com/alit24_vm by 11:59 p.m. Central Time on June 30, 2024.

Alight, Inc. / Delaware filed this DEF 14A on June 4, 2024.

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☐		Preliminary Proxy Statement
☐		Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
☒		Definitive Proxy Statement
☐		Definitive Additional Materials
☐		Soliciting Material under §240.14a-12


☒		No fee required
☐		Fee paid previously with preliminary materials
☐		Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11



Proposal No.		Board Recommendation
1.	To elect four Class III director nominees to our Board of Directors (the “Board”). Each of the director nominees is standing for election for a three-year term ending at the 2027 annual meeting of stockholders (the “2027 Annual Meeting”) and until his or her successor has been duly elected and qualified, or until such director’s earlier death, resignation, or removal.	FOR EACH NOMINEE
2.	To ratify the appointment of Ernst & Young LLP (“EY”) as our independent registered public accounting firm for 2024.	FOR
3.	To approve, on an advisory (non-binding) basis, the 2023 compensation paid to our named executive officers.	FOR

Stockholders will also act on such other matters as may properly come before the Annual Meeting.



				Letter to Stockholders

				Notice of Annual Meeting of Stockholders

	1			2024 Proxy Statement Summary

	1			Background

	1			Proxy Voting Methods

	2			Proposals

	3			Board Characteristics

	4			Corporate Governance Highlights

	4			Executive Compensation Highlights

	5			Investor Engagement

	5			Awards and Recent Recognition

	7			Questions and Answers About Our Annual Meeting

	14			Proposal No. 1: Election of Directors

	15			Our Board of Directors

	25			Director Compensation

	27			Executive Officers

	30			Corporate Governance

	39			Security Ownership of Certain Beneficial Owners and Management

	42			Certain Relationships and Related Person Transactions

	48			Executive Compensation

	69			Proposal No. 2: Appointment of Independent Registered Public Accounting Firm

	71			Proposal No. 3: To Approve, on an Advisory (Non-Binding) Basis, the 2023 Compensation Paid to Our Named Executive Officers

	72			Additional Information Regarding Our Annual Meeting


		DATE AND TIME July 2, 2024 12:30 p.m. Central Time				VIRTUAL LOCATION You can attend the Annual Meeting online, vote your shares electronically and submit your questions during the Annual Meeting by visiting www.cesonlineservices.com/alit24_vm. To participate in the Annual Meeting, you must pre-register at www.cesonlineservices.com/alit24_vm by 11:59 p.m. Central Time on June 30, 2024.


		BY INTERNET • You may submit your proxy online via the Internet by accessing the website on your enclosed proxy card. Then, follow the instructions provided on the voting site. You will be required to provide the unique control number found on the enclosed proxy card.
		BY TELEPHONE • You may submit your proxy by calling toll-free in the U.S. or Canada the number specified on your enclosed proxy card.
		BY MAIL • If you do not have access to a touch-tone telephone or to the Internet, please sign, date, and return the enclosed proxy card in the postage-paid envelope provided.



Proposal No.		Board Recommendation	More Information

1.	To elect four Class III director nominees to our Board. Each of the director nominees is standing for election for a three-year term ending at the 2027 annual meeting of stockholders (the “2027 Annual Meeting”) and until his or her successor has been duly elected and qualified, or until such director’s earlier death, resignation, or removal.	FOR EACH NOMINEE	page 14

2.	To ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm for 2024.	FOR	page 69

3.	To approve, on an advisory (non-binding) basis, the 2023 compensation paid to our named executive officers.	FOR	page 71


NAME	AGE		CLASS		APPOINTED		CURRENT TERM EXPIRES		COMMITTEES
NAME	AGE		CLASS		APPOINTED		CURRENT TERM EXPIRES		AUDIT	COMPENSATION	NOMINATING AND CORPORATE GOVERNANCE
DIRECTOR NOMINEES

William P. Foley, II*		79		III		2021		2024

Siobhan Nolan Mangini		43		III		2024		2024

Coretha M. Rushing		68		III		2024		2024

Denise Williams		63		III		2023		2024
CONTINUING DIRECTORS

David D. Guilmette		63		I		2024		2025

Erika Meinhardt		65		I		2021		2025

Regina M. Paolillo		65		I		2021		2025

Kausik Rajgopal		50		I		2023		2025

Daniel S. Henson		63		II		2021		2026

Richard N. Massey		68		II		2021		2026

Stephan D. Scholl		54		II		2021		2026



Skills & Experience		Definition and Application to Alight

Strategic Planning		A background in strategy which allows our directors to bring a practical understanding of developing, implementing and addressing our business strategy and development plans.

Risk Management		Experience in managing, supervising systems or processes for identifying, assessing, and mitigating the total risk of a global business enterprise is important to the Company’s long-term success.

Corporate Governance		A background in serving on or working with public company boards or having other experiences which provide a deep knowledge of corporate governance practices and policies and an appreciation for how those may impact a public company.

Technology/Product Development		A background in product and software development, technology architecture and digital transformation through the development and evolution of technology platforms to support our ability to provide clients digital choices, solutions and functionality, end to end.

Privacy and Security		Experience in information security, data privacy, and cybersecurity or other education or experiences which positions our Board to oversee our suite of products and services as well as privacy and cybersecurity risks.

Financial Control/Audit		A background in financial markets, financing, and financial reporting processes.

Marketing/Branding		Experience with the marketing and branding of products, building brand awareness, and enhancing our corporate reputation.

People and Culture		A background in managing people and teams, including recruitment, retention, development, compensation, and incentivization of key talent, or other experiences or education which provide strategic value in overseeing our efforts to recruit, retain, and develop our people and teams and in determining compensation for our CEO and other senior executives.



Skills & Experience		Definition and Application to Alight

Senior Leadership		Prior experience as an executive or in senior management of a company. Prior leadership experience allows directors to bring insight and offer guidance from their prior experiences.

CEO Experience		Prior experience as the chief executive officer of a company. Prior chief executive experience allows directors to bring insight and offer guidance to our executive leadership team, including our CEO.

International Operations		A background in managing or supervising a business with global operations, particularly in countries outside the U.S. where Alight does business or would like to do business, or a familiarity with compliance issues facing companies with global operations.

Diversity, Equity & Inclusion		A background in Diversity, Equity & Inclusion, including planning and implementation of corporate initiatives in order to drive sustained value creation within a responsible framework for our stakeholders.

Industry Knowledge & Experience		A background in managing or supervising the health benefits administration, CDS & CAS, payroll & BPO, software & technology, human capital management and human resources outsourcing services, allows directors to bring practical understanding of our business and effective oversight of implementation of strategy.



COMPENSATION TYPE		ANNUAL AMOUNT

Chairperson of the Board annual cash retainer		$500,000

Board member annual equity grant		$150,000

Board member annual cash retainer⁽¹⁾		$70,000

Committee chair annual cash retainer		$30,000 Audit Committee $20,000 other committees

Committee member annual cash retainer		$15,000 Audit Committee $10,000 other committees


TITLE/POSITION		STOCK OWNERSHIP REQUIREMENT

Chairperson of the Board		10x Retainer

All Other Non-Employee Directors		5x Retainer


NAME	FEES EARNED OR PAID IN CASH⁽¹⁾			STOCK AWARDS⁽²⁾			ALL OTHER COMPENSATION		TOTAL

William P. Foley, II⁽³⁾		$	509,987		$	149,993		—		$	659,980

Daniel S. Henson⁽⁴⁾		$	115,000		$	149,993		—		$	264,993

Richard N. Massey⁽⁵⁾		$	89,980		$	149,993		—		$	239,973

Erika Meinhardt⁽⁵⁾		$	84,987		$	149,993		—		$	234,980

Regina M. Paolillo⁽⁶⁾		$	109,991		$	149,993		—		$	259,984

Kausik Rajgopal⁽⁷⁾		$	59,698		$	150,000		—		$	209,698

Denise Williams⁽⁸⁾		$	67,660		$	149,992		—		$	217,652


NAME	AGE	POSITION

Stephan D. Scholl	54	Chief Executive Officer and Director

Jeremy J. Heaton	47	Chief Financial Officer

Martin T. Felli	57	Chief Legal Officer and Corporate Secretary

Gregory A. George	54	Chief Commercial Officer, North America

Gregory R. Goff	53	President

Michael J. Rogers	42	Chief Human Resources Officer

Katie J. Rooney	45	Chief Operating Officer

Dinesh V. Tulsiani	50	Chief Strategy Officer


	AUDIT COMMITTEE	COMPENSATION COMMITTEE	NOMINATING AND CORPORATE GOVERNANCE COMMITTEE

William P. Foley, II

David D. Guilmette

Daniel S. Henson

Siobhan Nolan Mangini

Richard N. Massey

Erika Meinhardt

Regina M. Paolillo

Kausik Rajgopal

Coretha M. Rushing

Denise Williams


BENEFICIAL OWNERSHIP AS OF JUNE 3, 2024
NAME	SHARES OF CLASS A COMMON STOCK		% OF CLASS A COMMON STOCK			SHARES OF CLASS V COMMON STOCK		% OF CLASS V COMMON STOCK			% OF TOTAL VOTING POWER

Directors and Named Executive Officers

William P. Foley, II⁽¹⁾		12,679,741		2.3	%		—		—			2.3	%

David D. Guilmette		—		—			—		—			—

Daniel S. Henson⁽²⁾		1,989,469		*			42,411		7.6	%		*

Richard N. Massey⁽³⁾		1,375,090		*			—		—			*

Erika Meinhardt⁽⁴⁾		104,808		*			—		—			*

Siobhan Nolan Mangini		—		—			—		—			—

Regina M. Paolillo⁽⁵⁾		87,508		*			—		—			*

Kausik Rajgopal		22,636		*			—		—			*

Coretha M. Rushing		2,738		*			—		—			*

Denise Williams		24,167		*			—		—			*

Stephan D. Scholl⁽⁶⁾		7,343,451		1.4	%		—		—			1.3	%

Katie J. Rooney⁽⁷⁾		2,610,548		*			70,100		12.6	%		*

Martin T. Felli		28,496		*			—		—			*

Gregory A. George		84,929		*			—		—			*

Gregory R. Goff⁽⁸⁾		765,264		*			—		—			*

Cesar Jelvez**		—		—			—		—			—

All Directors and Executive Officers as a Group (18 persons)		28,676,411		5.3	%		196,028		35.3	%		5.2	%

5% Holders

Cannae Holdings, Inc.⁽⁹⁾		52,477,062		9.7	%		—		—			9.7	%

Starboard Value LP⁽¹⁰⁾		39,807,000		7.4	%		—		—			7.3	%

The Vanguard Group⁽¹¹⁾		35,198,914		6.5	%		—		—			6.5	%

ArrowMark Colorado Holdings, LLC⁽¹²⁾		31,675,176		5.9	%		—		—			5.8	%

BlackRock, Inc.⁽¹³⁾		29,831,900		5.5	%		—		—			5.5	%

FPR Partners, LLC⁽¹⁴⁾		28,200,084		5.2	%		—		—			5.2	%


COMPONENT		DESCRIPTION

Base Salary		Base salary comprises the smallest component of our NEOs’ compensation.

Variable Compensation Plan (“VCP”)		Awards under the VCP are annual incentives delivered in the form of cash and are predominantly tied to Company achievement of annual financial and non-financial objectives. • The VCP payout is based on Company financial performance – namely Adjusted EBITDA, which is then further adjusted to exclude the impact of certain other items determined by our Compensation Committee to arrive at the measure for VCP, and revenue. • The VCP payout based on Company financial performance is subject to an individual performance modifier based on individual objectives that may be either financial or non-financial and support our overall business strategy.

Long-Term Incentives (“LTI”)		LTI comprises the majority of our NEOs’ compensation. • 50% of LTI is delivered in the form of performance-vested restricted stock units (“PRSUs”) that only vest at the end of the applicable performance period if the Company meets pre-determined performance criteria. These performance criteria can include strategic financial metrics tied to our long-term business plan. • 50% of LTI is delivered in the form of time-vested restricted stock units (“RSUs”) that typically vest over a three-year service period.


	COMPETITIVE PEER GROUP

ASGN Incorporated	EPAM Systems, Inc.	TriNet Group, Inc.

Black Knight, Inc.	ExlService Holdings Inc.	TTEC Holdings, Inc.

Broadridge Financial Solutions	Genpact Limited	WEX Inc.

CACI International, Inc.	HealthEquity, Inc.	WNS (Holdings) Ltd.

Ceridian HCM Holding Inc.	Insperity, Inc.

Citrix Systems, Inc.	Paychex, Inc.


NAME	BASE SALARY AS OF DECEMBER 31, 2023			BASE SALARY AS OF DECEMBER 31, 2022

Stephan D. Scholl		$	800,000		$	800,000

Katie J. Rooney		$	550,000		$	500,000

Martin T. Felli⁽¹⁾		$	450,000			N/A

Gregory A. George⁽¹⁾		$	500,000			N/A

Gregory R. Goff		$	475,000		$	475,000

Cesar Jelvez⁽²⁾			N/A		$	475,000


NAME	2023 TARGET VCP PARTICIPATION RATE AS A PERCENTAGE OF BASE SALARY			POTENTIAL VCP PAYOUT RANGE AS A PERCENTAGE OF TARGET VCP PARTICIPATION RATE

Stephan D. Scholl		200	%		0-150	%

Katie J. Rooney		100	%		0-150	%

Martin T. Felli		75	%		0-150	%

Gregory A. George		150	%		0-150	%

Gregory R. Goff		75	%		0-150	%

Cesar Jelvez		75	%		0-150	%


	TARGETS			ADJUSTED ACTUALS			ACHIEVEMENT (% OF TARGET)			ELEMENT FUNDING			WEIGHTING			Adjusted VCP Pool Funding

Adjusted EBITDA⁽¹⁾		$	750.0		$	739.0		96	%		50.67	%		75	%		38.0	%

Revenue		$	3,510.0		$	3,410.0		97	%		0.0	%		25	%		0.0	%

																	38.0	%


NAME	ELIGIBLE BASE SALARY			VCP TARGET			ACTUAL PERCENTAGE ACHIEVED: TOTAL COMPANY FUNDING			ACTUAL PERCENTAGE ACHIEVED: INDIVIDUAL PERFORMANCE			ACTUAL VCP BONUS

Stephan D. Scholl		$	800,000		200	%		38	%		85	%		$	516,800

Katie J. Rooney		$	550,000		100	%		38	%		85	%		$	177,650

Martin T. Felli⁽¹⁾		$	440,137		75	%		38	%		85	%		$	106,623

Gregory A. George⁽²⁾			—		—			—			—			$	500,000

Gregory R. Goff		$	475,000		75	%		38	%		85	%		$	115,069


	TARGET			ACTUAL PERFORMANCE			ACHIEVEMENT (PERCENTAGE OF PRSUS EARNED)

Cumulative BPaaS TCV Bookings ($B)		$	1.5		$	2.2		250	%


TITLE/POSITION		STOCK OWNERSHIP REQUIREMENT

Chief Executive Officer		6x Base Salary

Chief Financial Officer		3x Base Salary

Other executive officers that are CEO direct reports		2x Base Salary


Name and Principal Position	Year		Salary			Bonus⁽¹⁾			Stock Awards⁽²⁾			Non-Equity Incentive Plan Compensation⁽³⁾			All Other Compensation⁽⁴⁾			Total

Stephan D. Scholl

Chief Executive Officer		2023		$	800,000			—		$	6,599,992		$	516,800		$	36,545		$	7,953,337
Chief Executive Officer		2022		$	800,000			—		$	5,000,000		$	1,440,000		$	25,024		$	7,265,024

		2021		$	800,000			—		$	53,059,986		$	1,600,000		$	25,858		$	55,485,844

Katie J. Rooney

Global Chief Financial Officer and Chief Operating Officer		2023		$	521,402			—		$	3,529,992		$	177,650		$	30,820		$	4,259,864
Global Chief Financial Officer and Chief Operating Officer		2022		$	500,000			—		$	1,900,000		$	450,000		$	23,334		$	2,873,334

		2021		$	500,000			—			$22,505,156		$	500,000		$	19,887		$	23,525,043

Martin T. Felli

Chief Legal Officer and Corporate Secretary		2023		$	440,625					$	2,699,996		$	106,623		$	10,530		$	3,257,774

Gregory A. George

Chief Commercial Officer, North America		2023		$	289,773		$	858,632		$	5,499,977		$	141,368		$	1,274		$	6,791,024

Gregory R. Goff

Chief Technology and Delivery Officer		2023		$	475,000			—		$	2,502,985		$	115,069		$	50,190		$	3,143,244
Chief Technology and Delivery Officer		2022		$	468,750			—		$	2,000,000		$	320,625		$	28,552		$	2,817,927

		2021		$	450,000			—		$	7,896,284		$	337,500		$	13,260		$	8,697,045

Cesar Jelvez

Former Chief Professional & Global Payroll Officer		2023		$	273,515			—		$	5,784,808			—		$	263,767		$	6,322,090
Former Chief Professional & Global Payroll Officer		2022		$	475,000			—		$	1,900,000		$	320,625		$	24,455		$	2,720,080

		2021		$	475,000			—		$	8,178,149		$	356,250		$	12,852		$	9,022,252


Name	Life Insurance^(a)			401(k) Plan Match^(b)			Executive Physical^(c)			Tax Payments^(d)			Other Payments^(e)			Severance^(f)			Total

Stephan D. Scholl		$	3,494		$	7,625		$	5,386		$	4,284		$	15,756			—		$	36,545

Katie J. Rooney		$	1,044		$	20,525		$	5,419		$	2,239		$	1,593			—		$	30,820

Martin T. Felli		$	2,678			—		$	5,665		$	2,187			—			—		$	10,530

Gregory A. George		$	1,274			—			—			—			—			—		$	1,274

Gregory R. Goff		$	1,972		$	20,525		$	6,083		$	1,958		$	19,652			—		$	50,190

Cesar Jelvez		$	958		$	20,418		$	2,001		$	5,391		$	37,082		$	197,917		$	263,767


			ESTIMATED FUTURE PAYOUTS UNDER NON-EQUITY INCENTIVE PLAN AWARDS⁽¹⁾									ESTIMATED FUTURE PAYOUTS UNDER EQUITY INCENTIVE PLAN AWARDS⁽²⁾						ALL OTHER STOCK AWARDS: NUMBER OF SHARES OF STOCK OR UNITS⁽³⁾ (#)		ALL OTHER OPTION AWARDS: NUMBER OF SECURITIES UNDERLYING (#)	GRANT DATE FAIR VALUE OF STOCK AND OPTION AWARDS⁽⁴⁾ ($)
NAME	GRANT DATE		THRESHOLD ($)			TARGET ($)			MAXIMUM ($)			THRESHOLD (#)		TARGET (#)		MAXIMUM (#)					GRANT DATE FAIR VALUE OF STOCK AND OPTION AWARDS⁽⁴⁾ ($)

Stephan D. Scholl

		N/A		$	400,000		$	1,600,000		$	3,200,000

		3/10/2023											—		372,460		744,920					$	3,299,996

		3/10/2023											—						372,460			$	3,299,996

Katie J. Rooney

		N/A		$	137,500		$	550,000		$	1,100,000

		3/10/2023											—		86,343		172,686					$	764,999

		3/10/2023																	86,343			$	764,999

		3/10/2023⁽⁵⁾																	225,733			$	1,999,994

Martin T. Felli

		N/A		$	82,526		$	330,103		$	660,205

		3/10/2023											—		152,370		304,740					$	1,349,998

		3/10/2023																	152,370			$	1,349,998

Gregory A. George

		N/A		$	109,418		$	437,671		$	875,342

		6/02/2023											—		281,848		563,696					$	2,499,992

		6/02/2023																	281,848			$	2,499,992

		6/02/2023																	56,369			$	499,993

Gregory R. Goff

		N/A		$	89,063		$	356,250		$	712,500

		3/10/2023											—		84,819		169,638					$	751,496

		3/10/2023																	84,819			$	751,496

		3/10/2023⁽⁵⁾																	112,866			$	999,993

Cesar Jelvez

		N/A		$	89,063		$	356,250		$	712,500

		3/10/2023											—		84,819		169,638					$	751,496

		3/10/2023																	84,819			$	751,496

		3/10/2023⁽⁵⁾																	112,866			$	999,993


			STOCK AWARDS

NAME	YEAR		NUMBER OF SHARES OR UNITS OF STOCK THAT HAVE NOT VESTED			MARKET VALUE OF SHARES OR UNITS OF STOCK THAT HAVE NOT VESTED		EQUITY INCENTIVE PLAN AWARDS: NUMBER OF UNEARNED SHARES, UNITS OR OTHER RIGHTS THAT HAVE NOT VESTED			EQUITY INCENTIVE PLAN AWARDS: MARKET OR PAYOUT VALUE OF UNEARNED SHARES, UNITS OR OTHER RIGHTS THAT HAVE NOT VESTED

Stephan D. Scholl				(#)⁽¹⁾			($)⁽²⁾		(#)			($)⁽²⁾

		2023		372,460	^(a)	$	3,177,084

		2023							372,460	⁽³⁾	$	3,177,084

		2022		182,950	^(e)	$	1,560,564

		2022							274,424	⁽³⁾	$	2,340,837

		2021		4,800,000	⁽³⁾	$	40,944,000

		2020							335,930	⁽⁴⁾	$	2,865,483

		2020							162,590	⁽⁵⁾	$	1,386,893

Katie J. Rooney

		2023		86,343	^(a)	$	736,506

		2023		225,733	^(b)	$	1,925,502

		2023							86,343	⁽³⁾	$	736,506

		2022		69,521	^(e)	$	593,014

		2022							104,281	⁽³⁾	$	889,517

		2021		937,500	⁽³⁾	$	7,996,875

		2017							638,014	⁽⁴⁾	$	5,442,259

		2017							76,223	⁽⁵⁾	$	650,182

Martin T. Felli

		2023		152,370	^(a)	$	1,299,716

		2023							152,370	⁽³⁾	$	1,299,716

Gregory A. George

		2023		281,848	^(c)	$	2,404,163

		2023							281,848	⁽³⁾	$	2,404,163

		2023		56,369	^(d)	$	480,828

Gregory R. Goff

		2023		84,819	^(a)	$	723,506

		2023		112,866	^(c)	$	962,747

		2023							84,819	⁽³⁾	$	723,506

		2022		73,180	^(e)	$	624,225

		2022							109,769	⁽³⁾	$	936,330

		2021		675,000	⁽³⁾	$	5,757,750

		2020							78,405	⁽⁴⁾	$	668,795

		2020							39,927	⁽⁵⁾	$	340,577

Cesar Jelvez

		2021		285,000	⁽³⁾	$	2,431,050

		2020							71,277	⁽⁴⁾	$	607,993

		2020							36,297	⁽⁵⁾	$	309,613


NAME	# OF SHARES OR UNITS ACQUIRED ON VESTING (#)	VALUE REALIZED ON VESTING ($)⁽¹⁾

Stephan D. Scholl	731,474	$6,269,660

Katie J. Rooney	797,775	$6,580,426

Martin T. Felli	0	$ 0

Gregory A. George	0	$ 0

Gregory R. Goff	126,589	$1,091,879

Cesar Jelvez	90,198	$ 780,860


NAME⁽¹⁾	EXECUTIVE CONTRIBUTIONS IN LAST FY		REGISTRANT CONTRIBUTIONS IN LAST FY		AGGREGATE EARNINGS (LOSSES) IN LAST FY⁽²⁾			AGGREGATE WITHDRAWALS/ DISTRIBUTIONS		AGGREGATE BALANCE AT LAST FYE⁽³⁾

Stephan D. Scholl		—		—			—		—			—

Katie J. Rooney		—		—			—		—			—

Supplemental Savings Plan		—		—		$	7,105		—		$	51,691

Deferred Compensation Plan		—		—		$	1,319		—		$	23,304

Martin T. Felli		—		—			—		—			—

Gregory A. George		—		—			—		—			—

Gregory R. Goff		—		—			—		—			—
Cesar Jelvez		—		—			—		—			—



Severance Payments⁽¹⁾	$	475,000

Health Plan Continuation⁽²⁾	$	17,043

Outplacement Benefits⁽³⁾	$	50,000

Time-vested RSU Acceleration⁽⁴⁾	$	534,422

Performance-vested RSU Acceleration⁽⁵⁾	$	2,747,400

TOTAL	$	3,823,865



TERMINATION BY THE COMPANY WITHOUT CAUSE, OR BY EXECUTIVE WITH GOOD REASON	STEPHAN D. SCHOLL			KATIE J. ROONEY			MARTIN T. FELLI			GREGORY A. GEORGE			GREGORY R. GOFF

Severance Payments⁽¹⁾		$	5,156,800		$	2,050,000		$	450,000		$	500,000		$	475,000

Health Plan Continuation⁽²⁾		$	17,043		$	18,035		$	16,893		$	17,043		$	18,035

Outplacement Benefits⁽³⁾		$	50,000		$	50,000		$	50,000		$	50,000		$	50,000

Time-vested RSU Acceleration		$	—		$	—		$	—		$	—		$	—

Performance-vested RSU Acceleration		$	—		$	—		$	—		$	—		$	—

TOTAL		$	5,223,843		$	2,118,035		$	516,893		$	567,043		$	543,035



CIC WITHOUT TERMINATION	STEPHAN D. SCHOLL			KATIE J. ROONEY			MARTIN T. FELLI			GREGORY A. GEORGE			GREGORY R. GOFF

Severance Payments		$	—		$	—		$	—		$	—		$	—

Health Plan Continuation		$	—		$	—		$	—		$	—		$	—

Outplacement Benefits		$	—		$	—		$	—		$	—		$	—

Time-vested RSU Acceleration		$	—		$	—		$	—		$	—		$	—

Performance-vested RSU Acceleration⁽¹⁾		$	15,744,000		$	—		$	—		$	—		$	—

Restricted Shares of Class A Common Stock Acceleration⁽²⁾		$	—		$	5,442,259		$	—		$	—		$	—

TOTAL		$	15,744,000		$	5,442,259		$	—		$	—		$	—



CIC WITH TERMINATION	STEPHAN D. SCHOLL			KATIE J. ROONEY			MARTIN T. FELLI			GREGORY A. GEORGE			GREGORY R. GOFF

Severance Payments⁽¹⁾		$	5,156,800		$	2,050,000		$	787,500		$	1,250,000		$	831,250

Health Plan Continuation⁽²⁾		$	17,043		$	18,035		$	16,893		$	17,043		$	18,035

Outplacement Benefits⁽³⁾		$	50,000		$	50,000		$	50,000		$	50,000		$	50,000

Time-vested RSU Acceleration⁽⁴⁾		$	4,554,362		$	3,129,095		$	1,249,434		$	2,773,379		$	2,221,093

Performance-vested RSU Acceleration⁽⁴⁾		$	21,049,449		$	4,638,117		$	1,249,434		$	2,311,154		$	3,809,622

Restricted Shares of Class A Common Stock Acceleration⁽⁵⁾		$	—		$	5,442,259		$	—		$	—		$	—

TOTAL		$	30,826,654		$	15,327,506		$	3,353,261		$	6,401,576		$	6,930,000